Turnover
≈ €130,000 estimated
The micro format states no turnover.
CARL
Lifetime
3 annual accounts with figures on one time axispeak €61,442 (2024)
€44,725▼ 27.2%
lowest -€1,536 (2023)
€28,332▼ 30.2%
peak €67,561 (2025)
€67,561▲ 72.2%
€26,852▼ 31.9%
Board1 name since 2023
1 directorSerjosja André Maria Cappelle
Documentsfilings and deeds
24-06-202637 days before the deadline
2025micro format
Gross margin from €61,442 to €44,725Result from €40,598 to €28,332Registered office moved to Gentbrugge 04-06Equity from €39,229 to €67,561Debts from €39,427 to €26,852Investments €8,666
Key points
from the 2025 annual accountsInvestments
€10,416 2.2 × depreciation
Green is investment, beige is depreciation.
Liquidity
3.00 was 1.88 in 2024
Short-term debts fell from €35,857 to €26,443.
Checked score
97
Excellent
Financially stronger than 77% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.2%▲ +0.1 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.3 percentage points vs 06-2025highest value
08-2025: 0.1%▼ -0.4 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026lowest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Liquidity: current ratio 3.00, cash €31,514
Equity €67,561 (71.6% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 68% of them on solvency, 72% on liquidity, 84% on profitability and 85% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 39,278 companies had the same profile as CARL has now. Each dot stands for 99 companies, two years later.
95.8%
were still trading
2.3%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CARL itself is lower: 0.1% within 12 months. It rests on far more data about CARL than the profile alone.
Test of the method
The method was tested on the 497,447 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 39,278 companies, not a prediction for CARL. 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.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.0 (1.88 in 2024), above the usual 1.5. Short-term debt is 28% and cash 33.4% of total assets. 28.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
37 days early
2024
31 days early
2023
51 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 40 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 June (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered office moved to Gentbrugge
New registered office: Frederik Burvenichstraat 42A, 9050 Gentbrugge · Board meeting of 21-03-2025 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0803794458
Incorporation
Founding capital of €1,000, 100 shares · Founder: CAPPELLE Serjosja André Maria · Appointment: CAPPELLE Serjosja André Maria (director) · published on 12-07-2023 · Gazette deed
First establishment
Frederik Burvenichstraat 42A, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CARL Ghent | €94,413 | €44,725 | 71.6% | - |
| All Admin Services Lochristi | €94,692 | €46,038 | 72.1% | - |
| FL-MANAGEMENT Sint-Gillis-Waas | €99,527 | €46,424 | 29.6% | - |
| REBLOOMED Ghent | €99,871 | €47,094 | 79.5% | - |
| Impuls of SC Merelbeke-Melle | €101,318 | €45,488 | 4.9% | - |
| HARO Sint-Gillis-Waas | €101,988 | €43,131 | 23.7% | - |
| Miles BV Beveren-Kruibeke-Zwijndrecht | €100,728 | €46,653 | 78.4% | - |
These companies have the same main activity as CARL: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €94,700 and €102,000, founded in 2023.
Official details
Source: KBO- Status
- Active since 10-07-2023Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.347.546.5879050 Ghent, since 10-07-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 13-02-2024
Annual accounts 2025
- €94,413▲ 20.0%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on CARL
CARL files the micro format. That format states no turnover. The gross margin rose from -€872 in 2023 to €44,725 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CARL
- What is the company number of CARL?
- The company number of CARL is 0803.794.458. The VAT number is the same number with BE in front: BE 0803.794.458.
- Where is CARL based?
- The registered office is at Frederik Burvenichstraat 42A, 9050 Ghent.Company details
- What does CARL do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of CARL?
- CARL is a private limited company (BV).
- When was CARL founded?
- CARL was founded on 10-07-2023.
- Is CARL still active?
- Yes, CARL is an active enterprise in the KBO register.
- What is the turnover of CARL?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €44,725 and 144 comparable companies (NACE 70200). It probably lies between €78,000 and €180,000.Financials
- Is CARL profitable?
- In financial year 2025, CARL made a profit of €28,332.
- Where can I find the annual accounts of CARL?
- CARL filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CARL due?
- CARL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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