CAREO
ActiveSummary
CAREO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €38,946 and a net result of €152,880. Equity is shrinking by ~7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+3
Solvency34▲+5
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.58 against 0.35 in 2023; short-term debt: 37.3% and cash: 11.3% of total assets), and 91.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
77 d early
2023
132 d early
2022
53 d early
2021
48 d early
2020
36 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 63 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 8 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2024, micro schema
In the rankings
#9 oldest company in Nandrin, Health and social work sector
Equity
€38,946▲ 142%
2023 · €16,065
Total assets
€452,141▲ 6.7%
2023 · €423,637
Net result
€152,880▲ 59.9%
2023 · €95,613
Working capital
-€71,629▲ 7.6%
2023 · -€77,520
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€3,664€84,137€99,050▲ 17.7%€120,321▲ 21.5%€205,623▲ 70.9%
Net result€350below the sector's middle half▼ 98.9%€60,352within the sector's middle half▲ 17,162%€70,930within the sector's middle half▲ 17.5%€95,613within the sector's middle half▲ 34.8%€152,880above the sector's middle half▲ 59.9%
Equity€56,284within the sector's middle half▲ 0.6%€57,636below the sector's middle half▲ 2.4%€29,995below the sector's middle half▼ 48.0%€16,065below the sector's middle half▼ 46.4%€38,946below the sector's middle half▲ 142%
Total assets€532,153within the sector's middle half▲ 88.9%€462,916within the sector's middle half▼ 13.0%€509,160within the sector's middle half▲ 10.0%€423,637within the sector's middle half▼ 16.8%€452,141within the sector's middle half▲ 6.7%
Debt€475,869▲ 111%€405,280▼ 14.8%€479,165▲ 18.2%€407,572▼ 14.9%€413,195▲ 1.4%
Working capital-€7,486below the sector's middle half-€10,874below the sector's middle half▼ 45.3%-€75,276below the sector's middle half▼ 592%-€77,520below the sector's middle half▼ 3.0%-€71,629below the sector's middle half▲ 7.6%
Solvency10.6%below the sector's middle half▼ 9.3pp12.5%below the sector's middle half▲ 1.9pp5.9%below the sector's middle half▼ 6.6pp3.8%below the sector's middle half▼ 2.1pp8.6%below the sector's middle half▲ 4.8pp
Current ratio0.94below the sector's middle half▼ 0.080.88below the sector's middle half▼ 0.060.49below the sector's middle half▼ 0.380.35below the sector's middle half▼ 0.140.58below the sector's middle half▲ 0.22
Return on assets (ROA)0.1%below the sector's middle half▼ 11.2pp13.0%within the sector's middle half▲ 13.0pp13.9%within the sector's middle half▲ 0.9pp22.6%within the sector's middle half▲ 8.6pp33.8%within the sector's middle half▲ 11.2pp
Staff (FTE)0.6within the sector's middle half▲ 20.0%1.8▲ 200%22=
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 71% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €452,141
Fixed assets
€355,178 ▼ 6.9%
Current assets
€96,963 ▲ 131%
Equity and liabilities €452,141
Equity
€38,946 ▲ 142%
Debt
€413,195 ▲ 1.4%
Debt's share of the balance-sheet total falls from 96.2% to 91.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€246,105▲
2023 · €174,171
Cash flow
€193,363▲
2023 · €149,463
Debt to equity
10.61▼
2023 · 25.37
ROE
392.5%▼
2023 · 595.2%
Interest coverage
38.41▲
2023 · 23.64
Debt ≤ 1 year
€168,592▲
2023 · €119,501
Debt > 1 year
€244,603▼
2023 · €288,071
Income taxes
€46,335▲
2023 · €17,895
Staff costs
€64,628▲
2023 · €52,682
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,325 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.4%
went bankrupt
3.2%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,325 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €42,132 | €51,490 | €52,682 | €64,628 | ▲ 22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,862 | €49,330 | €43,576 | €53,849 | €40,482 | ▼ 24.8% |
| Other operating charges640/8 | - | €1,336 | €13,478 | €1,062 | €1,110 | ▲ 4.5% |
| Gross operating margin9900 | €56,151 | €176,934 | €207,594 | €227,915 | €311,844 | ▲ 36.8% |
| Operating profit (loss)9901 | -€3,664 | €84,137 | €99,050 | €120,321 | €205,623 | ▲ 70.9% |
| Financial income75/76B | - | €3,058 | €5 | €555 | €0 | ▼ 100.0% |
| Recurring financial income75 | €3,280 | €3,058 | €5 | €555 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €8,154 | €7,620 | €7,368 | €6,408 | ▼ 13.0% |
| Recurring financial charges65 | €8,501 | €8,154 | €7,620 | €7,368 | €6,408 | ▼ 13.0% |
| Profit (loss) for the period before taxes9903 | €515 | €79,041 | €91,435 | €113,508 | €199,215 | ▲ 75.5% |
| Income taxes67/77 | €165 | €18,690 | €20,504 | €17,895 | €46,335 | ▲ 159% |
| Profit (loss) for the period9904 | €350 | €60,352 | €70,930 | €95,613 | €152,880 | ▲ 59.9% |
| Profit (loss) for the period to be appropriated9905 | €350 | €60,352 | €70,930 | €95,613 | €152,880 | ▲ 59.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €532,153 | €462,916 | €509,160 | €423,637 | €452,141 | ▲ 6.7% |
| Fixed assets21/28 | €418,083 | €385,334 | €435,918 | €381,656 | €355,178 | ▼ 6.9% |
| Tangible fixed assets22/27 | €418,083 | €385,334 | €435,918 | €381,656 | €355,178 | ▼ 6.9% |
| Land and buildings22 | - | €242,949 | €230,105 | €217,261 | €207,628 | ▼ 4.4% |
| Plant, machinery and equipment23 | - | €94,992 | €104,284 | €84,641 | €74,034 | ▼ 12.5% |
| Furniture and vehicles24 | - | €5,096 | €72,908 | €56,373 | €44,861 | ▼ 20.4% |
| Other tangible fixed assets26 | - | €42,298 | €28,620 | €23,381 | €19,452 | ▼ 16.8% |
| Assets under construction and advance payments27 | - | - | - | - | €9,204 | - |
| Current assets29/58 | €114,070 | €77,581 | €73,242 | €41,981 | €96,963 | ▲ 131% |
| Amounts receivable after more than one year29 | - | - | - | €14,163 | €14,163 | = |
| Trade receivables290 | - | - | - | €14,163 | €14,163 | = |
| Amounts receivable within one year40/41 | €24,949 | €27,964 | €13,480 | €14,180 | €29,755 | ▲ 110% |
| Trade receivables40 | - | €27,964 | €607 | €1,000 | €18,609 | ▲ 1,761% |
| Other amounts receivable41 | - | - | €12,873 | €13,180 | €11,146 | ▼ 15.4% |
| Cash at bank and in hand54/58 | €9,645 | €47,293 | €56,344 | €12,958 | €50,942 | ▲ 293% |
| Deferred charges and accrued income490/1 | - | €2,324 | €3,418 | €679 | €2,103 | ▲ 210% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €532,153 | €462,916 | €509,160 | €423,637 | €452,141 | ▲ 6.7% |
| Equity10/15 | €56,284 | €57,636 | €29,995 | €16,065 | €38,946 | ▲ 142% |
| Contributions10/11 | - | €18,600 | €18,600 | €12,771 | €12,771 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | - | - | - |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Profit (loss) carried forward14 | €35,824 | €37,176 | €9,535 | €3,295 | €26,175 | ▲ 695% |
| Amounts payable17/49 | €475,869 | €405,280 | €479,165 | €407,572 | €413,195 | ▲ 1.4% |
| Amounts payable after more than one year17 | €353,963 | €316,825 | €330,647 | €288,071 | €244,603 | ▼ 15.1% |
| Financial debts170/4 | - | €316,825 | €330,647 | €288,071 | €244,603 | ▼ 15.1% |
| Amounts payable within one year42/48 | €121,556 | €88,455 | €148,518 | €119,501 | €168,592 | ▲ 41.1% |
| Current portion of amounts payable after more than one year42 | - | €31,593 | €45,462 | €43,637 | €44,398 | ▲ 1.7% |
| Trade debts44 | €33,276 | €4,165 | €8,424 | €7,441 | €2,839 | ▼ 61.8% |
| Suppliers440/4 | - | €4,165 | €8,424 | €7,441 | €2,839 | ▼ 61.8% |
| Taxes, remuneration and social security45 | - | €18,417 | €24,632 | €18,631 | €24,855 | ▲ 33.4% |
| Taxes450/3 | - | €11,285 | €11,449 | €2,783 | €7,546 | ▲ 171% |
| Remuneration and social security454/9 | - | €7,132 | €13,183 | €15,848 | €17,309 | ▲ 9.2% |
| Other amounts payable47/48 | - | €34,280 | €70,000 | €49,791 | €96,500 | ▲ 93.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €350 | €60,352 | €70,930 | €95,613 | €152,880 | ▲ 59.9% |
| + Depreciation and write-downs630 | €42,862 | €49,330 | €43,576 | €53,849 | €40,482 | ▼ 24.8% |
| Operating cash flow (approximation) | €43,211 | €109,682 | €114,506 | €149,463 | €193,363 | ▲ 29.4% |
| Investment in fixed assets (approximation) | - | -€16,582 | -€94,159 | €412 | -€14,004 | ▼ 3,499% |
| Change in cash | - | €37,648 | €9,051 | -€43,386 | €37,984 | ▲ 188% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €152,880 ▲59.9%
Operating result €205,623, net result €152,880, both a record.
21-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €350 ▼98.9%
Net result drops to €350, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Nandrin · 1 establishment unit since 2009
Ground area
1,129 m²
Building footprint
168 m²
Parcel 61069D0498/00F000, Wallonia. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CAREO
since 20092.179.386.003
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61069D0498/00F000 | Wallonia | 1,129 m² | 1 · 168 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,944 companies in sector 86230 we hold annual accounts for 4,296. 2,867 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-07-2009
Fiscal year end31-12
Activities, NACEBEL 2025
86230Dental practice
E-invoicing
Reachable via Peppol
Peppol ID
0208:0816851054
Registered
20-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.