CARI
The computed 12-month bankruptcy probability of CARI is < 0.1% (very low). The 2024 annual accounts show equity of €282k and a net result of €-5k. Equity is shrinking by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 74% of 43 sector peers (fiscal year 2024). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €282k |
| Net result | €-5k |
| Staff (FTE) | 10.1 |
| Better than sector | 74% |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 70.0% | 53.3% | |
| Net result | €-5k | €-19k | |
| Equity | €282k | €685k | |
| Gross operating margin | €641k | €7k | |
| Staff costs | €613k | €723k |
Show 10 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | volledig |
| Revenue | - |
| EBITDA | €23k |
| Net profit | €-5k |
| Cash flow | €24k |
| Staff costs | €613k |
| Income taxes | €131 |
| Dividends | - |
| Total assets | €403k |
| Equity | €282k |
| Debt | €121k |
| of which ≤ 1y | €108k |
| of which > 1y | - |
| Working capital | €216k |
| Employees (FTE) | 10.1 |
| 2024 | |
|---|---|
| Current ratio | 3.01 |
| Quick ratio | 2.94 |
| Working capital ratio | 53.7% |
| Solvency | 70.0% |
| Debt / equity | 0.43 |
| Long-term debt ratio | - |
| Interest coverage | 43.27 |
| Gross margin | - |
| Net margin | - |
| ROA | -1.2% |
| ROE | -1.8% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (22 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €403k |
| Fixed assets | 21/28 | €79k |
| Intangible fixed assets | 21 | €27k |
| Tangible fixed assets | 22/27 | €52k |
| Current assets | 29/58 | €324k |
| Stocks & contracts in progress | 3 | €8k |
| Amounts receivable within one year | 40/41 | €93k |
| Cash & bank | 54/58 | €207k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €403k |
| Equity | 10/15 | €282k |
| Accumulated profits (losses) | 14 | €240k |
| Amounts payable | 17/49 | €121k |
| Amounts payable within one year | 42/48 | €108k |
| Trade debts payable within one year | 44 | €17k |
| Income statement | ||
| Gross operating margin | 9900 | €641k |
| Operating result | 9901 | €-5k |
| Financial income | 75 | €984 |
| Financial charges | 65 | €542 |
| Result before taxes | 9903 | €-5k |
| Income taxes | 67/77 | €131 |
| Net result for the period | 9904 | €-5k |
| Result to be appropriated | 9905 | €-5k |
-
Olivier DEVALCKENEERDaily management delegateState Gazette act 25086811 (10-07-2025)Current10-07-2025 → present
-
Olivier DUPUISDirectorState Gazette act 25086811 (10-07-2025)Current10-07-2025 → present
-
Patrick DumontDirectorState Gazette act 24100340 (04-07-2024)Current04-07-2024 → present
-
Carine MASSAUXDirectorState Gazette act 25086811 (10-07-2025)Current27-07-2023 → present
2 events
- 10-07-2025 Appointed· Director
- 27-07-2023 Appointed· Director
-
François GodeTTreasurerState Gazette act 23096531 (27-07-2023)Current27-07-2023 → present
-
Tanguy MARCOTTYVice présidentState Gazette act 25086811 (10-07-2025)Current27-07-2023 → present
2 events
- 10-07-2025 Appointed· Vice président
- 27-07-2023 Appointed· Director
Show 5 more sitting directors
-
Katia StilmantDirectorState Gazette act 23044596 (30-03-2023)Current30-03-2023 → present
-
Stanislav JasDirectorState Gazette act 23044596 (30-03-2023)Current30-03-2023 → present
-
Jean-Robert DeliegeDirectorState Gazette act 24100340 (04-07-2024)Current23-04-2021 → present
2 events
- 04-07-2024 Appointed· Director
- 23-04-2021 Appointed· Director
-
Michel FastreDirectorState Gazette act 24100340 (04-07-2024)Current23-04-2021 → present
3 events
- 04-07-2024 Appointed· Director
- 10-08-2021 Appointed· Vice président
- 23-04-2021 Appointed· Director
-
Yves AmandDirectorState Gazette act 24100340 (04-07-2024)Current10-08-2018 → present
2 events
- 04-07-2024 Appointed· Director
- 10-08-2018 Appointed· Director
Historic, not recently confirmed (5)
-
Albert MaréchalChairState Gazette act 17086643 (20-06-2017)Not recently confirmedlast confirmed in an act from 2017
2 events
- 20-06-2017 Appointed· Chair
- 20-05-2015 Appointed· Chair
-
Charles-Louis MaupouxVice présidentState Gazette act 17086643 (20-06-2017)Not recently confirmedlast confirmed in an act from 2017
-
Thierry HanceDirectorState Gazette act 17086643 (20-06-2017)Not recently confirmedlast confirmed in an act from 2017
2 events
- 20-06-2017 Appointed· Director
- 20-05-2015 Appointed· Director
-
Catherine de Bie-SepulchreDirectorState Gazette act 15072270 (20-05-2015)Not recently confirmedlast confirmed in an act from 2015
-
Maximilien de Neve de RodenTreasurerState Gazette act 15072270 (20-05-2015)Not recently confirmedlast confirmed in an act from 2015
Former directors (16)
-
Anne-Laure JacquemartDirectorState Gazette act 24100340 (04-07-2024)Former04-07-2024 → 10-07-2025
2 events
- 10-07-2025 Resigned· Director
- 04-07-2024 Appointed· Director
-
Orianne RollinDirectorState Gazette act 23096531 (27-07-2023)Former27-07-2023 → 10-07-2025
3 events
- 10-07-2025 Resigned· Déléguée à la gestion journalière
- 04-07-2024 Resigned· Director
- 27-07-2023 Appointed· Director
-
Agnès FayetAdministratrice déléguéeState Gazette act 23096531 (27-07-2023)Former10-08-2021 → 04-07-2024
4 events
- 04-07-2024 Resigned· Administratrice déléguée
- 27-07-2023 Appointed· Administratrice déléguée
- 30-03-2023 Appointed· Managing director
- 10-08-2021 Appointed· Secrétaire
-
Etienne BruneauManaging directorState Gazette act 17086643 (20-06-2017)Former20-05-2015 → 25-08-2023
5 events
- 25-08-2023 Resigned· Director
- 30-03-2023 Resigned· Managing director
- 20-06-2017 Appointed· Managing director
- 08-07-2016 Appointed· Managing director
- 20-05-2015 Appointed· Managing director
-
Joe SanglierVice présidentState Gazette act 23096531 (27-07-2023)Former10-08-2021 → 25-08-2023
3 events
- 25-08-2023 Resigned· 2º vice président
- 27-07-2023 Appointed· Vice président
- 10-08-2021 Appointed· Director
| NACE primary | Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied(72109) |
| Legal form | Non-profit association(017) |
| Incorporation | 24-06-1983 |
| Status | Active |
| Postal code | 1348 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25386B0115/00G002 | Wallonia | 1.0 ha | 1 · 1,521 m² | 19.2 m · 5 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 19 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
10-07-2025 4 directors appointed, 2 resigning
- Olivier DEVALCKENEER, Dagelijks bestuur
- Olivier DUPUIS, Bestuurder
- Tanguy MARCOTTY, Vice président
- Carine MASSAUX, Bestuurder
- Orianne ROLLIN, Déléguée à la gestion journalière
- Anne-Laure JACQUEMART, Bestuurder
Technical details
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}04-07-2024 5 directors appointed, 2 resigning
- Anne-Laure Jacquemart, Bestuurder
- Patrick Dumont, Bestuurder
- Yves Amand, Bestuurder
- Michel Fastre, Bestuurder
- Jean-Robert Deliege, Bestuurder
- Agnès Fayet, Administratrice déléguée
- Orianne Rollin, Bestuurder
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}25-08-2023 2 resigning
- Etienne BRUNEAU, Bestuurder
- Joe SANGLIER, 2º vice président
Technical details
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}27-07-2023 6 directors appointed
- Tanguy Marcotty, Bestuurder
- Carine Massaux, Bestuurder
- Orianne Rollin, Bestuurder
- François GodeT, Penningmeester
- Joe Sanglier, Vice président
- Agnès Fayet, Administratrice déléguée
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}30-03-2023 3 directors appointed, 2 resigning
- Katia Stilmant, Bestuurder
- Stanislav Jas, Bestuurder
- Agnès Fayet, Gedelegeerd bestuurder
- Jean-Philippe Bolly, Bestuurder
- Etienne Bruneau, Gedelegeerd bestuurder
Technical details
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}10-08-2021 3 directors appointed, 2 resigning
- Agnès Fayet, Secrétaire
- Joe Sanglier, Bestuurder
- Michel Fastre, Vice président
- Charles-Louis Maudoux, Vice président
- Philippe Cougnet, Secrétaire
Technical details
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}23-04-2021 2 directors appointed, 1 resigning
- Michel FASTRE, Bestuurder
- Jean-Robert DELIEGE, Bestuurder
- Albert MARECHAL, Voorzitter
Technical details
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}10-08-2018 AMAND Yves appointed as director
- AMAND Yves, Bestuurder
Technical details
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}20-06-2017 Registered office moved within Louvain-la-Neuve
- Place Croix du Sud, 1 bte-9, 1348 Louvain-la-Neuve → 1348 Louvain-la-Neuve, Place Croix du Sud, (Bâtiment Boltzmann)
Technical details
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"co_filed_documents": [
"Acte de modification du si\u00E8ge social",
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}08-07-2016 3 directors appointed, 3 resigning
- Jean-Philippe Bolly, Bestuurder
- Jean-Philippe Bolly, Penningmeester
- Etienne Bruneau, Gedelegeerd bestuurder
- Paul De Vis, Bestuurder
- André Fontignie, Bestuurder
- Robert Michiels, Bestuurder
Technical details
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},
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},
{
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},
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"name": "Jean-Philippe Bolly",
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},
{
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}20-05-2015 12 directors appointed
- Etienne Bruneau, Gedelegeerd bestuurder
- Thierry Hance, Bestuurder
- Catherine de Bie-Sepulchre, Bestuurder
- Philippe Cougnet, Bestuurder
- Paul De Vis, Bestuurder
- Robert Michiels, Bestuurder
- Louis Hautier, Bestuurder
- Albert Maréchal, Voorzitter
Technical details
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}| Legal nameFR | CARI |