CARGIDES GROUP

Active

Private limited companyfounded 20224 yrs activeSportstraat 13, 8560 Wevelgem, BelgiumKBO/BCE: BE 0784.311.910

CARGIDES GROUP has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104k and a net result of €10k. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 49% of 2503 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).

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Checked score

Score 2025

74 / 100

Healthy▼ -12 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability49▼-51

Solvency65▼-9

Growth52▼-26

Stability94

Bankruptcy probability, 12 months

1.0% Low

0%0.5%1.5%4%10%≥ 25%

Credit up to €8k at 30 days acceptable

Liquidity tight (current ratio 1.32 against 1.53 in 2024), and 62.7% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 95

Relative position

BE, all sectors

reference

Sector 95

lower

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

37.3%

Return on assets

3.7%

Age of the figures

11 mo

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-12-2025, 133 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

133 d early

2024

77 d early

2023

42 d early

2022

160 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

12-09-2026 today30-09-2026 close30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€104k▲ 10.9%

2024 · €94k

2022: €27k 2023: €74k 2024: €94k

2022 → 2025

Total assets

€279k▲ 19.6%

2024 · €233k

2022: €56k 2023: €108k 2024: €233k

2022 → 2025

Net result

€10k▼ 46.8%

2024 · €19k

2022: €17k 2023: €48k 2024: €19k

2022 → 2025

Working capital

€44k▼ 2.4%

2024 · €45k

2022: €27k 2023: €66k 2024: €45k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€27k-€74k▲ 178%€94k▲ 25.8%€104k▲ 10.9%

Operating result€22k-€55k▲ 147%€28k▼ 48.4%€18k▼ 35.8%

Net result€17k-€48k▲ 185%€19k▼ 59.7%€10k▼ 46.8%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 36% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €279k

34.9%

65.1%

Fixed assets €97k▼ 5.8%

Current assets €181k▲ 39.9%

Equity and liabilities €279k

37.3%

62.7%

Equity €104k▲ 10.9%

Debt €175k▲ 25.5%

The debt ratio rises from 59.8% to 62.7%: debt grows faster than equity.

Key figures and ratios

2025 value · change against 2024

EBITDA

€44k▲

2024 · €42k

Cash flow

€35k▲

2024 · €33k

Solvency

37.3%▼

2024 · 40.2%

Current ratio

1.32▼

2024 · 1.53

Quick ratio

1.32▼

2024 · 1.53

Debt / equity

1.68▲

2024 · 1.49

ROE

9.8%▼

2024 · 20.5%

ROA

3.7%▼

2024 · 8.3%

Interest coverage

7.48▼

2024 · 13.14

Debt

€175k▲

2024 · €139k

Debt ≤ 1 year

€138k▲

2024 · €85k

Debt > 1 year

€36k▼

2024 · €54k

Income taxes

€4k▼

2024 · €6k

Staff costs

€122k▲

2024 · €86k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€233k€279k▲

Fixed assets21/28€103k€97k▼

Intangible fixed assets21€2k€14k▲

Tangible fixed assets22/27€97k€80k▼

Plant, machinery and equipment23€11k€13k▲

Furniture and vehicles24€87k€67k▼

Financial fixed assets28€4k€4k=

Current assets29/58€130k€181k▲

Amounts receivable within one year40/41€97k€168k▲

Trade receivables40€64k€100k▲

Other amounts receivable41€33k€67k▲

Cash at bank and in hand54/58€9k€0▼

Deferred charges and accrued income490/1€23k€14k▼

Equity and liabilities

Total equity and liabilities10/49€233k€279k▲

Equity10/15€94k€104k▲

Contributions10/11€10k€10k=

Reserves13€84k€94k▲

Distributable reserves133€84k€94k▲

Amounts payable17/49€139k€175k▲

Amounts payable after more than one year17€54k€36k▼

Financial debts170/4€54k€36k▼

Amounts payable within one year42/48€85k€138k▲

Current portion of amounts payable after more than one year42€27k€29k▲

Financial debts43€6k€27k▲

Credit institutions430/8€6k€27k▲

Trade debts44€15k€32k▲

Suppliers440/4€15k€32k▲

Taxes, remuneration and social security45€34k€50k▲

Taxes450/3€17k€22k▲

Remuneration and social security454/9€17k€28k▲

Other amounts payable47/48€3k€0▼

Accrued charges and deferred income492/3€336€1k▲

Income statement Code20242025

Remuneration, social security and pensions62€86k€122k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€25k▲

Other operating charges640/8€1k€2k▲

Gross operating margin9900€129k€168k▲

Operating profit (loss)9901€28k€18k▼

Financial income75/76B€56€2k▲

Recurring financial income75€56€2k▲

Financial charges65/66B€3k€6k▲

Recurring financial charges65€3k€6k▲

Profit (loss) for the period before taxes9903€25k€15k▼

Income taxes67/77€6k€4k▼

Profit (loss) for the period9904€19k€10k▼

Profit (loss) for the period to be appropriated9905€19k€10k▼

Appropriation of the result

Profit (loss) to be appropriated9906€19k€10k▼

Transfer to equity691/2€19k€10k▼

To other reserves6921€19k€10k▼

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

Next filing, fiscal year 2026, expected by 30-04-2027

2025

18-12

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

30-09

Financial Weakest financial yearnet €10k ▼46.8%

Net result drops to €10k, the lowest in the series.

30-09

Financial Equity above €100kEq €104k ▲10.9%

4 profitable years in a row build equity to €104k.

12-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

19-03

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

30-09

Financial Highest result since 2022net €48k ▲185%

Operating result €55k, net result €48k, both a record.

2022

21-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 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, Wevelgem · 1 establishment unit since 2022

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Sportstraat 138560 Wevelgem

Ground area

400 m²

Building footprint

75 m²

Volume, LiDAR

477 m³

Parcel 34041A0371/00H003, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

CARGIDES GROUP

Sportstraat 13, 8560 WevelgemManufacture of fabricated metal products, except machinery and equipment

since 20222.329.685.919

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34041A0371/00H003	Flanders	400 m²	1 · 75 m²	9.0 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Sint-Katelijne-Waver · Eq €106k

Saint-Nicolas · Eq €102k

Of 3,188 companies in sector 95316 we hold annual accounts for 740. 524 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded31-03-2022

Fiscal year end30-09

Activities, NACEBEL

95316Washing and cleaning of motor vehicles

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.