CARHER
ActiveSummary
CARHER has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €166,066 and a net result of €3,820. Equity is growing by ~17.2% per year across the filed fiscal years. Its solvency ranks better than 78% of 11693 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14,000 at 30 days acceptable
Liquidity ample (current ratio 3.41 against 3.57 in 2024; short-term debt: 23.5% and cash: 55.6% of total assets), and 23.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
76.5%
Return on assets
1.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
61 d late
2023
30 d late
2022
31 d late
2021
30 d late
2020
30 d late
2019
31 d late
← 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 35 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 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
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€166,066▲ 1.3%
2024 · €163,911
Total assets
€217,060▲ 6.6%
2024 · €203,692
Net result
€3,820▲ 433%
2024 · €716
Working capital
€122,892▲ 20.3%
2024 · €102,175
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€94,713▼ 3.3%€20,396▼ 78.5%€24,635▲ 20.8%€3,626▼ 85.3%€7,999▲ 121%
Net result€64,912above the sector's middle half▼ 1.8%€15,770within the sector's middle half▼ 75.7%€16,240within the sector's middle half▲ 3.0%€716within the sector's middle half▼ 95.6%€3,820within the sector's middle half▲ 433%
Equity€134,451within the sector's middle half▲ 89.0%€148,621within the sector's middle half▲ 10.5%€163,195within the sector's middle half▲ 9.8%€163,911within the sector's middle half▲ 0.4%€166,066within the sector's middle half▲ 1.3%
Total assets€235,849within the sector's middle half▲ 0.6%€216,326within the sector's middle half▼ 8.3%€241,907within the sector's middle half▲ 11.8%€203,692within the sector's middle half▼ 15.8%€217,060within the sector's middle half▲ 6.6%
Debt€101,399▼ 37.9%€67,705▼ 33.2%€78,712▲ 16.3%€39,781▼ 49.5%€50,995▲ 28.2%
Working capital€87,434within the sector's middle half▲ 36.6%€69,174within the sector's middle half▼ 20.9%€95,733within the sector's middle half▲ 38.4%€102,175within the sector's middle half▲ 6.7%€122,892within the sector's middle half▲ 20.3%
Solvency57.0%within the sector's middle half▲ 26.7pp68.7%above the sector's middle half▲ 11.7pp67.5%within the sector's middle half▼ 1.2pp80.5%above the sector's middle half▲ 13.0pp76.5%above the sector's middle half▼ 4.0pp
Current ratio1.86within the sector's middle half▲ 0.472.02within the sector's middle half▲ 0.162.22within the sector's middle half▲ 0.193.57above the sector's middle half▲ 1.353.41within the sector's middle half▼ 0.16
Return on assets (ROA)27.5%above the sector's middle half▼ 0.7pp7.3%within the sector's middle half▼ 20.2pp6.7%within the sector's middle half▼ 0.6pp0.4%within the sector's middle half▼ 6.4pp1.8%within the sector's middle half▲ 1.4pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 recovers in 2025; 2025 is 121% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €217,060
Fixed assets
€43,174 ▼ 30.1%
Current assets
€173,887 ▲ 22.5%
Equity and liabilities €217,060
Equity
€166,066 ▲ 1.3%
Debt
€50,995 ▲ 28.2%
Debt's share of the balance-sheet total rises from 19.5% to 23.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€26,562▲
2024 · €21,346
Cash flow
€22,383▲
2024 · €18,437
Quick ratio
2.74▲
2024 · 2.61
Debt to equity
0.31▲
2024 · 0.24
ROE
2.3%▲
2024 · 0.4%
Interest coverage
15.28▲
2024 · 10.26
Debt ≤ 1 year
€50,995▲
2024 · €39,781
Income taxes
€2,440▲
2024 · €829
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 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% | 1.8% |
| 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 17,040 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,731 | €13,105 | €16,279 | €17,720 | €18,563 | ▲ 4.8% |
| Other operating charges640/8 | €893 | €1,205 | €1,269 | €1,770 | €1,141 | ▼ 35.5% |
| Gross operating margin9900 | €110,338 | €34,705 | €42,184 | €23,116 | €27,703 | ▲ 19.8% |
| Operating profit (loss)9901 | €94,713 | €20,396 | €24,635 | €3,626 | €7,999 | ▲ 121% |
| Financial charges65/66B | €3,756 | €770 | €1,664 | €2,081 | €1,738 | ▼ 16.5% |
| Recurring financial charges65 | €3,756 | €770 | €1,664 | €2,081 | €1,738 | ▼ 16.5% |
| Profit (loss) for the period before taxes9903 | €90,957 | €19,626 | €22,972 | €1,545 | €6,261 | ▲ 305% |
| Income taxes67/77 | €26,045 | €3,856 | €6,732 | €829 | €2,440 | ▲ 194% |
| Profit (loss) for the period9904 | €64,912 | €15,770 | €16,240 | €716 | €3,820 | ▲ 433% |
| Transfer from tax-exempt reserves789 | €8,200 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €73,112 | €15,770 | €16,240 | €716 | €3,820 | ▲ 433% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €235,849 | €216,326 | €241,907 | €203,692 | €217,060 | ▲ 6.6% |
| Fixed assets21/28 | €47,017 | €79,447 | €67,462 | €61,737 | €43,174 | ▼ 30.1% |
| Tangible fixed assets22/27 | €47,017 | €79,447 | €67,462 | €61,737 | €43,174 | ▼ 30.1% |
| Plant, machinery and equipment23 | €5,890 | €48,035 | €43,771 | €48,259 | €39,911 | ▼ 17.3% |
| Furniture and vehicles24 | €41,127 | €31,411 | €23,692 | €13,477 | €3,263 | ▼ 75.8% |
| Current assets29/58 | €188,833 | €136,879 | €174,444 | €141,956 | €173,887 | ▲ 22.5% |
| Stocks and contracts in progress3 | €40,101 | €38,541 | €28,191 | €37,929 | €34,380 | ▼ 9.4% |
| Stocks30/36 | €40,101 | €38,541 | €28,191 | €37,929 | €34,380 | ▼ 9.4% |
| Amounts receivable within one year40/41 | €1,872 | €24,339 | €47,401 | €9,065 | €16,629 | ▲ 83.4% |
| Trade receivables40 | €1,221 | €7,260 | €27,190 | €626 | €11,458 | ▲ 1,730% |
| Other amounts receivable41 | €651 | €17,079 | €20,211 | €8,439 | €5,171 | ▼ 38.7% |
| Cash at bank and in hand54/58 | €146,396 | €73,700 | €98,367 | €92,965 | €120,741 | ▲ 29.9% |
| Deferred charges and accrued income490/1 | €464 | €300 | €486 | €1,996 | €2,137 | ▲ 7.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €235,849 | €216,326 | €241,907 | €203,692 | €217,060 | ▲ 6.6% |
| Equity10/15 | €134,451 | €148,621 | €163,195 | €163,911 | €166,066 | ▲ 1.3% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €91,000 | €106,000 | €122,200 | €143,911 | €146,066 | ▲ 1.5% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | €89,000 | €104,000 | €120,200 | €141,911 | €144,066 | ▲ 1.5% |
| Profit (loss) carried forward14 | €23,451 | €22,621 | €20,995 | - | - | - |
| Amounts payable17/49 | €101,399 | €67,705 | €78,712 | €39,781 | €50,995 | ▲ 28.2% |
| Amounts payable within one year42/48 | €101,399 | €67,705 | €78,712 | €39,781 | €50,995 | ▲ 28.2% |
| Current portion of amounts payable after more than one year42 | €2,142 | - | - | - | - | - |
| Trade debts44 | €54,356 | €48,297 | €63,295 | €37,811 | €43,510 | ▲ 15.1% |
| Suppliers440/4 | €54,356 | €48,297 | €63,295 | €37,811 | €43,510 | ▲ 15.1% |
| Taxes, remuneration and social security45 | €28,625 | €7,383 | €4,478 | €1,970 | €5,818 | ▲ 195% |
| Taxes450/3 | €28,625 | €7,383 | €4,478 | €1,970 | €5,818 | ▲ 195% |
| Other amounts payable47/48 | €16,276 | €12,025 | €10,939 | - | €1,666 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64,912 | €15,770 | €16,240 | €716 | €3,820 | ▲ 433% |
| + Depreciation and write-downs630 | €14,731 | €13,105 | €16,279 | €17,720 | €18,563 | ▲ 4.8% |
| Operating cash flow (approximation) | €79,643 | €28,875 | €32,519 | €18,437 | €22,383 | ▲ 21.4% |
| Investment in fixed assets (approximation) | - | -€45,534 | -€4,295 | -€11,995 | €0 | ▲ 100% |
| Change in cash | - | -€72,697 | €24,667 | -€5,401 | €27,775 | ▲ 614% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Equity above €150,000Eq €163,195 ▲9.8%
4 profitable years in a row build equity to €163,195.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Equity above €100,000Eq €134,451 ▲89%
2 profitable years in a row build equity to €134,451.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €66,100
Net result €66,100 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
2017
23-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Frasnes-lez-Anvaing · 1 establishment unit since 2001
Ground area
3,565 m²
Building footprint
117 m²
Volume, LiDAR
1,154 m³
Parcel 51022D0305/00T000, Wallonia · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CARHER SPRL
since 20012.098.520.467
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 51022D0305/00T000 | Wallonia | 3,565 m² | 1 · 117 m² | 13.7 m · 3 fl. |
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.
Similar companies · same sector, comparable size
ATLAS WALLCOVERINGS
BE 0454.635.733
Oudsbergen · Eq €166,180
SHOPPING - HOME
BE 0417.982.007
Liège · Eq €167,570
Verven en Vernissen P. Koeck
BE 0400.818.747
Mechelen · Eq €168,992
COLOR-TOURNAI
BE 0441.503.517
Tournai · Eq €158,097
RASCH BELGIUM AND NETHERLANDS
BE 0476.128.953
Brussel · Eq €176,421
Of 472 companies in this sector we hold annual accounts for 336. 238 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded15-10-2001
Fiscal year end31-12
Activities, NACEBEL 2025
46442Wholesale trade
46499Wholesale of other household goods
47521Retail sale of hardware, building materials, paint and glass (general range)
47783Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475858541
Also
9925:BE0475858541
Registered
23-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.