CARI-DESIGN
ActiveCARI-DESIGN has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €420k and a net result of €-46k. Equity is shrinking by ~11.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 18120 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▼-43
Solvency69▼-31
Growth28▼-17
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 3.69 in 2024; short-term debt: 21% and cash: 3.8% of total assets), but 56.4% of the assets are financed with debt.
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
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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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
28 d late
2023
51 d early
2022
41 d early
2021
27 d early
2020
5 d early
2019
on the day
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€554k▼ 3.2%
2021 · €572k
2018: €664k
2019: €740k
2020: €732k
2021: €572k
2018 → 2022
EBIT margin
-1.5%▼ 7.0pp
2021 · 5.4%
2018: -3.8%
2019: -1.3%
2020: -0.6%
2021: 5.4%
2018 → 2022
Net result
€-46k
2024 · €25k
2018: €-27k
2019: €-11k
2020: €-6k
2021: €28k
2022: €-35k
2023: €-4k
2024: €25k
2018 → 2025
Working capital
€161k▼ 49.8%
2024 · €321k
2018: €715k
2019: €707k
2020: €718k
2021: €762k
2022: €342k
2023: €280k
2024: €321k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€572k-€554k▼ 3.2%
Equity€957k-€516k▼ 46.1%€443k▼ 14.2%€467k▲ 5.5%€420k▼ 10.1%
Operating result€31k-€-8k€-11k▼ 33.1%€26k€-39k
Net result€28k-€-35k€-4k▲ 89.3%€25k€-46k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €39k after €26k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €963k
Fixed assets
€600k▲ 312%
Current assets
€363k▼ 17.6%
Equity and liabilities €963k
Equity
€420k▼ 10.1%
Debt
€543k▲ 355%
The debt ratio rises from 20.4% to 56.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€16k▼
2024 · €55k
Cash flow
€10k▼
2024 · €55k
Solvency
43.6%▼
2024 · 79.6%
Current ratio
1.80▼
2024 · 3.69
Quick ratio
1.76▼
2024 · 3.39
Debt / equity
1.29▲
2024 · 0.26
ROE
-11.0%▼
2024 · 5.5%
ROA
-4.8%▼
2024 · 4.3%
Interest coverage
2.16▼
2024 · 31.98
Debt
€543k▲
2024 · €119k
Debt ≤ 1 year
€202k▲
2024 · €119k
Debt > 1 year
€341k
Income taxes
€391▲
2024 · €198
Staff costs
€198k▲
2024 · €180k
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€586k€963k▲
Fixed assets21/28€146k€600k▲
Tangible fixed assets22/27€143k€600k▲
Land and buildings22€60k€515k▲
Plant, machinery and equipment23€77k€79k▲
Furniture and vehicles24€5k€6k▲
Financial fixed assets28€3k-
Current assets29/58€441k€363k▼
Amounts receivable after more than one year29€100k€87k▼
Other amounts receivable291€100k€87k▼
Stocks and contracts in progress3€35k€8k▼
Stocks30/36€35k€8k▼
Amounts receivable within one year40/41€87k€231k▲
Trade receivables40€75k€118k▲
Other amounts receivable41€12k€113k▲
Cash at bank and in hand54/58€218k€37k▼
Equity and liabilities
Total equity and liabilities10/49€586k€963k▲
Equity10/15€467k€420k▼
Contributions10/11€38k€38k=
Reserves13€42k€42k=
Tax-exempt reserves132€42k€42k=
Profit (loss) carried forward14€376k€330k▼
Investment grants15€11k€10k▼
Amounts payable17/49€119k€543k▲
Amounts payable after more than one year17-€341k
Financial debts170/4-€341k
Amounts payable within one year42/48€119k€202k▲
Current portion of amounts payable after more than one year42-€33k
Trade debts44€105k€144k▲
Suppliers440/4€105k€144k▲
Taxes, remuneration and social security45€14k€15k▲
Remuneration and social security454/9€14k€15k▲
Other amounts payable47/48-€10k
Income statement
Code20242025
Remuneration, social security and pensions62€180k€198k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€56k▲
Other operating charges640/8€7k€9k▲
Gross operating margin9900€242k€224k▼
Operating profit (loss)9901€26k€-39k▼
Financial income75/76B€2k€1k▼
Recurring financial income75€2k€1k▼
Financial charges65/66B€2k€7k▲
Recurring financial charges65€2k€7k▲
Profit (loss) for the period before taxes9903€26k€-46k▼
Income taxes67/77€198€391▲
Profit (loss) for the period9904€25k€-46k▼
Profit (loss) for the period to be appropriated9905€25k€-46k▼
Appropriation of the result
Profit (loss) to be appropriated9906€376k€330k▼
Profit (loss) brought forward from the previous period14P€350k€376k▲
Social balance
Average headcount (FTE)90873.0-
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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
31-12
Financial
Weakest financial yearnet €-46k ▼281%
Net result drops to €-46k, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 28 days late
2024
31-12
Financial
Back to profitnet €25k
Net result €25k after 2 loss-making years.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €28k
Net result €28k after 3 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-07
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.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
06-04-2023
Resigned as Director
Location & real-estate footprint
Registered office, Nivelles · 1 establishment unit since 1989
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.
Vieille Cour 581402 NivellesGround area
1.8 ha
Building footprint
836 m²
Volume, LiDAR
4,915 m³
2 parcels, Wallonia · tallest building 13.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CARI-DESIGN
since 19892.043.995.876
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25099D0060/00G000 | Wallonia | 1.7 ha | 1 · 216 m² | 13.5 m · 3 fl. |
| 25099D0025/00H003 | Wallonia | 1,304 m² | 1 · 620 m² | 7.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
DOMUS BELGIUM
BE 0826.816.518
Tournai · Eq €402k
ROSSI et FILS
BE 0457.803.970
Liège · Eq €376k
CARRO PARQ
BE 0457.916.412
Herve · Eq €368k
CARRELAGES PONCIN MARTIAL & FILS
BE 0865.654.922
Nassogne · Eq €346k
SANI CERAM
BE 0829.922.397
Brussel · Eq €521k
Of 176 companies in sector 47523 we hold annual accounts for 142. 104 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-04-1989
Fiscal year end31-12
Activities, NACEBEL
43331Floor and wall tiling
47523Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@cari-design.be
Phone:067561864