caridel
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 28-01-2026 PDF all 22 filings
Turnover
≈ €340,000
Estimated: probably between €290,000 and €450,000
EBIT margin
Not included in this filing
Net result
€130,251▲ 31.4%
2024 · €99,141
Working capital
€599,472▲ 27.8%
2024 · €468,917
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€183,777
▲ 34.2%
2025
20192025
Net result
€130,251
▲ 31.4%
2025
highest quarter of the sector
20192025
Equity
€599,662
▲ 27.7%
2025
highest quarter of the sector
20192025
Total assets
€664,097
▲ 20.4%
2025
highest quarter of the sector
20192025
Debt
€64,435
▼ 21.5%
2025
20192025
Working capital
€599,472
▲ 27.8%
2025
highest quarter of the sector
20192025
Solvency
90.3%
▲ 5.2pp
2025
highest quarter of the sector
20192025
Current ratio
10.30
▲ 3.59
2025
highest quarter of the sector
20192025
Return on assets (ROA)
19.6%
▲ 1.6pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€57,877-€83,674▲ 44.6%€23,966▼ 71.4%€81,621▲ 241%€137,538▲ 68.5%€136,973▼ 0.4%€183,777▲ 34.2%
Net result€45,103-€61,304within the sector's middle half▲ 35.9%€12,222within the sector's middle half▼ 80.1%€62,718within the sector's middle half▲ 413%€93,278within the sector's middle half▲ 48.7%€99,141within the sector's middle half▲ 6.3%€130,251above the sector's middle half▲ 31.4%
Equity€278,848-€340,152within the sector's middle half▲ 22.0%€352,374within the sector's middle half▲ 3.6%€332,292within the sector's middle half▼ 5.7%€425,571above the sector's middle half▲ 28.1%€469,412above the sector's middle half▲ 10.3%€599,662above the sector's middle half▲ 27.7%
Total assets€432,349-€497,162within the sector's middle half▲ 15.0%€417,163within the sector's middle half▼ 16.1%€484,271within the sector's middle half▲ 16.1%€492,876within the sector's middle half▲ 1.8%€551,544within the sector's middle half▲ 11.9%€664,097above the sector's middle half▲ 20.4%
Debt€153,501-€157,010▲ 2.3%€64,789▼ 58.7%€151,978▲ 135%€67,305▼ 55.7%€82,132▲ 22.0%€64,435▼ 21.5%
Working capital€278,429-€340,152within the sector's middle half▲ 22.2%€350,967within the sector's middle half▲ 3.2%€331,189above the sector's middle half▼ 5.6%€425,462above the sector's middle half▲ 28.5%€468,917above the sector's middle half▲ 10.2%€599,472above the sector's middle half▲ 27.8%
Solvency64.5%-68.4%within the sector's middle half▲ 3.9pp84.5%above the sector's middle half▲ 16.1pp68.6%within the sector's middle half▼ 15.9pp86.3%above the sector's middle half▲ 17.7pp85.1%within the sector's middle half▼ 1.2pp90.3%above the sector's middle half▲ 5.2pp
Current ratio2.81-3.17within the sector's middle half▲ 0.356.42above the sector's middle half▲ 3.253.18within the sector's middle half▼ 3.247.39above the sector's middle half▲ 4.216.71within the sector's middle half▼ 0.6810.30above the sector's middle half▲ 3.59
Return on assets (ROA)10.4%-12.3%within the sector's middle half▲ 1.9pp2.9%within the sector's middle half▼ 9.4pp13.0%within the sector's middle half▲ 10.0pp18.9%within the sector's middle half▲ 6.0pp18.0%within the sector's middle half▼ 1.0pp19.6%within the sector's middle half▲ 1.6pp
above
within
below
The sector band is the middle half of the companies in Human health activities (NACE 86). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 34% higher than in 2024 and the highest since 2021. It is a recovery after the fall in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €664,097
Fixed assets
€190 ▼ 61.5%
Current assets
€663,907 ▲ 20.5%
Equity and liabilities €664,097
Equity
€599,662 ▲ 27.7%
Debt
€64,435 ▼ 21.5%
Debt's share of the balance-sheet total falls from 14.9% to 9.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€184,081▲
2024 · €137,277
Cash flow
€130,555▲
2024 · €99,445
Debt to equity
0.11▼
2024 · 0.17
ROE
21.7%▲
2024 · 21.1%
Interest coverage
over 100
2024 · over 100
Debt ≤ 1 year
€64,435▼
2024 · €82,132
Income taxes
€55,050▲
2024 · €41,143
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €598 | €419 | €114 | €304 | €304 | €304 | €304 | = |
| Other operating charges640/8 | - | - | - | €503 | €409 | €481 | €622 | ▲ 29.4% |
| Gross operating margin9900 | €60,433 | €84,530 | €24,939 | €82,429 | €138,251 | €137,758 | €184,703 | ▲ 34.1% |
| Operating profit (loss)9901 | €57,877 | €83,674 | €23,966 | €81,621 | €137,538 | €136,973 | €183,777 | ▲ 34.2% |
| Financial income75/76B | - | - | - | - | €184 | €3,837 | €2,662 | ▼ 30.6% |
| Recurring financial income75 | €6,210 | €603 | €327 | - | €184 | €3,837 | €2,662 | ▼ 30.6% |
| Financial charges65/66B | - | - | - | €391 | €946 | €526 | €1,138 | ▲ 116% |
| Recurring financial charges65 | €64 | €64 | €94 | €391 | €946 | €526 | €1,138 | ▲ 116% |
| Profit (loss) for the period before taxes9903 | €64,023 | €84,213 | €24,199 | €81,230 | €136,776 | €140,284 | €185,300 | ▲ 32.1% |
| Income taxes67/77 | €18,920 | €22,909 | €11,977 | €18,512 | €43,498 | €41,143 | €55,050 | ▲ 33.8% |
| Profit (loss) for the period9904 | €45,103 | €61,304 | €12,222 | €62,718 | €93,278 | €99,141 | €130,251 | ▲ 31.4% |
| Profit (loss) for the period to be appropriated9905 | €45,103 | €61,304 | €12,222 | €62,718 | €93,278 | €99,141 | €130,251 | ▲ 31.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €432,349 | €497,162 | €417,163 | €484,271 | €492,876 | €551,544 | €664,097 | ▲ 20.4% |
| Fixed assets21/28 | €419 | - | €1,407 | €1,103 | €799 | €494 | €190 | ▼ 61.5% |
| Tangible fixed assets22/27 | €419 | - | €1,407 | €1,103 | €799 | €494 | €190 | ▼ 61.5% |
| Furniture and vehicles24 | - | - | - | €1,103 | €799 | €494 | €190 | ▼ 61.5% |
| Current assets29/58 | €431,930 | €497,162 | €415,756 | €483,168 | €492,077 | €551,049 | €663,907 | ▲ 20.5% |
| Amounts receivable within one year40/41 | - | - | €7,251 | - | €20,399 | - | - | - |
| Trade receivables40 | - | - | - | - | €20,399 | - | - | - |
| Current investments50/53 | €394,622 | €450,200 | €384,430 | €421,689 | €436,166 | €347,458 | €592,813 | ▲ 70.6% |
| Cash at bank and in hand54/58 | €31,108 | €46,962 | €24,075 | €61,479 | €35,022 | €203,235 | €71,094 | ▼ 65.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €490 | €356 | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €432,349 | €497,162 | €417,163 | €484,271 | €492,876 | €551,544 | €664,097 | ▲ 20.4% |
| Equity10/15 | €278,848 | €340,152 | €352,374 | €332,292 | €425,571 | €469,412 | €599,662 | ▲ 27.7% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €257,540 | €318,840 | €330,840 | €295,940 | €379,840 | €423,670 | €553,870 | ▲ 30.7% |
| Non-distributable reserves130/1 | - | - | - | €29,040 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €29,040 | - | - | - | - |
| Distributable reserves133 | - | - | - | €266,900 | €379,840 | €423,670 | €553,870 | ▲ 30.7% |
| Profit (loss) carried forward14 | €8,908 | €8,912 | €9,134 | €23,952 | €33,331 | €33,342 | €33,392 | ▲ 0.2% |
| Amounts payable17/49 | €153,501 | €157,010 | €64,789 | €151,978 | €67,305 | €82,132 | €64,435 | ▼ 21.5% |
| Amounts payable within one year42/48 | €153,501 | €157,010 | €64,789 | €151,978 | €66,615 | €82,132 | €64,435 | ▼ 21.5% |
| Financial debts43 | - | - | - | - | €783 | €228 | - | - |
| Credit institutions430/8 | - | - | - | - | €783 | €228 | - | - |
| Trade debts44 | €2,211 | €901 | €624 | €2,569 | €2,095 | €95 | €1,039 | ▲ 998% |
| Suppliers440/4 | - | - | - | €2,569 | €2,095 | €95 | €1,039 | ▲ 998% |
| Taxes, remuneration and social security45 | - | - | - | €12,740 | €5,208 | €7,643 | €21,426 | ▲ 180% |
| Taxes450/3 | - | - | - | €12,740 | €5,208 | €7,643 | €21,426 | ▲ 180% |
| Other amounts payable47/48 | - | - | - | €136,669 | €58,530 | €74,166 | €41,970 | ▼ 43.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €690 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,103 | €61,304 | €12,222 | €62,718 | €93,278 | €99,141 | €130,251 | ▲ 31.4% |
| + Depreciation and write-downs630 | €598 | €419 | €114 | €304 | €304 | €304 | €304 | = |
| Operating cash flow (approximation) | €45,701 | €61,723 | €12,336 | €63,022 | €93,583 | €99,445 | €130,555 | ▲ 31.3% |
| Investment in fixed assets (approximation) | - | - | - | -€0 | €0 | €0 | €0 | - |
| Change in cash | - | €15,854 | -€22,887 | €37,404 | -€26,456 | €168,213 | -€132,141 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 20,136 companies had the same profile as caridel has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
That fits the bankruptcy probability of caridel itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for caridel. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 28-01-2026 | 2026-00031538 | |
| 30-06-2024 | micro format | 02-02-2025 | 2025-00022638 | |
| 30-06-2023 | micro format | 30-01-2024 | 2024-00019227 | |
| 30-06-2022 | micro format | 23-02-2023 | 2023-00031134 | |
| 30-06-2021 | full format | 22-01-2022 | 2022-01600400 | |
| 30-06-2020 | full format | 23-01-2021 | 2021-01700157 | |
| 30-06-2019 | full format | 13-01-2020 | 2020-01300310 | |
| 30-06-2018 | full format | 15-01-2019 | 2019-01600024 | |
| 30-06-2017 | full format | 26-02-2018 | 2018-05400318 | |
| 30-06-2016 | full format | 16-12-2016 | 2016-70600202 |