Equity
€1.5m from €4.4m in 2024
Equity fell by 65% in 1 year.
Carenel
Lifetime
6 annual accounts with figures on one time axispeak €55,274 (2024)
-€23,430▼ €78,704
lowest -€2.9m (2025)
-€2.9m▼ €2.9m
peak €4.4m (2024)
€1.5m▼ 65.0%
€507,507▼ 60.7%
peak 0 FTE (2025)
0 FTE
Board8 names since 2019
4 directorsAUDENAERT Filip Maurice Gregoire and 3 others
Owners3 names in the annual accounts
46.3%T&D Invest and 2 others
Documentsfilings and deeds
28-07-20263 days before the deadline
2025abbreviated format
Gross margin from €55,274 to -€23,430Loss of €2.9mAppointment: ELMOSA BV (director) 02-04Equity from €4.4m to €1.5mDebts from €1.3m to €507,507Cash from €3,340 to €36,197
Key points
from the 2025 annual accountsResult
-€2.9m -€2.9m
From profit to loss in 2025, after a profit of €27,175 in 2024.
Liquidity
0.21 was 0.78 in 2024
Short-term debts fell from €1.2m to €507,507.
Filings
6 annual accounts since 2020
The last five annual accounts were filed 3 to 62 days before the end of the period.
Group
4 companies controlled
Heads a group.
Position in the sector
-€2.9m
Lower net result than 95% of companies in head offices and management consultancy. Sector median €37,527 · 10,855 companies.
Turnover not published (abbreviated format)
Checked score
54
Fair
Financially stronger than 30% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.3 percentage points vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.3%▼ -0.1 percentage points vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.4%▲ +0.1 percentage points vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026highest value
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.2%▼ -0.2 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Loss of €2.9m (financial year 2025)
lowers risk
Size: total assets €2.1m
Sector: Activities of head offices; management consultancy activities (NACE 70)
Figures for financial year 2025 (filed on 28-07-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, small). It does better than 85% of them on solvency, 29% on liquidity, 1% on profitability and 3% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit verdict
Credit of up to €80,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.21 (0.78 in 2024), below 1. Short-term debt is 24.7% and cash 1.8% of total assets. 24.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
3 days early
2024
43 days early
2023
62 days early
2022
48 days early
2021
38 days early
2020
2 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 33 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
GP
Director, CARPENTIER DE CHANGY Alexandre Roger Marie Ghislain, since 24-10-2019
- T&D Invest 46.3%equity €81.0m (2026) · 31-05-2026 annual accounts of T&D Invest
- Alpha Charlie 23.1%score 92equity €35.7m (2025) · 2025 annual accounts of Alpha Charlie
- Phinaïs 23.1%score 91equity €31.8m (2025) · 2025 annual accounts of Phinaïs
Shares in 4 companies, including Boschzicht BV and Enso Zorg BV
Board & ownershipRecent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0733533301
Appointment: ELMOSA BV (director)
Permanent representative: Tomas Dhuys · General meeting of 09-03-2025 · Gazette deed
Resignation: Valérie Coignée (director)
General meeting of 28-08-2024 · Gazette deed
1 director appointed, 1 resignation
Resignation: BBW BV · Permanent representative: Benoît Duplat · Appointment: Benoît Duplat · General meeting of 25-04-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Carenel Woluwe-Saint-Pierre | €2.1m | -€23,430 | 75.3% | 0 |
| Alix Etterbeek | €2.5m | -€129,267 | 78.2% | 0 |
| EUROWATT Watermael-Boitsfort | €2.5m | -€2,533 | 1.9% | 0 |
| Close the Gap Africa Investment Machelen (Brab.) | €2.1m | -€50,190 | 97.9% | 0 |
| N.P. Management Neupré | €2.0m | -€56,360 | 33.3% | 0 |
| DOUBLE DIGIT Kortrijk | €2.1m | -€34,079 | 85.7% | 0 |
| ArgaFund Ottignies-Louvain-la-Neuve | €2.0m | -€30,991 | 50.4% | 0 |
These companies have the same main activity as Carenel: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2m and €2.5m, founded between 2019 and 2020.
Official details
Source: KBO- Status
- Active since 30-08-2019Normal situation
- Registered office
- 15 active companies are registered at this addressSource: KBO register, as of 8 November 2026.
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.340.565.8541150 Woluwe-Saint-Pierre, since 30-08-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Annual accounts 2025
- €2.1m▼ 64.1%
- Filing
- Filed on 28-07-2026, 3 days before the end of the filing period
Insights on Carenel
Carenel files the abbreviated format. That format states no turnover. The gross margin rose from -€213,035 in 2020 to -€23,430 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Carenel
- What is the company number of Carenel?
- The company number of Carenel is 0733.533.301. The VAT number is the same number with BE in front: BE 0733.533.301.
- Where is Carenel based?
- The registered office is at Bovenberg 118, 1150 Woluwe-Saint-Pierre.Company details
- What does Carenel do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of Carenel?
- Carenel is a private limited company (BV).
- When was Carenel founded?
- Carenel was founded on 30-08-2019.
- Is Carenel still active?
- Yes, Carenel is an active enterprise in the KBO register.
- What is the turnover of Carenel?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it. In financial year 2024 turnover was €174,000.Financials
- Is Carenel profitable?
- In financial year 2025, Carenel made a loss of €2.9m.
- Where can I find the annual accounts of Carenel?
- Carenel filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Carenel due?
- Carenel must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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