CARL ANDREAS
ActiveCARL ANDREAS has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €4.51M and a net result of €868k. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 91% of 9690 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
80
/ 100
Excellent▲ +7 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability96▲+94
Solvency100=
Growth58=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €360k at 30 days acceptable
Liquidity ample (current ratio 2.13 against 9.33 in 2023), and 9.3% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
90.7%
Return on assets
17.5%
Age of the figures
20 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
68 d early
2022
4 d early
2021
34 d early
2020
80 d early
2019
35 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€4.51M▼ 39.7%
2023 · €7.47M
2018: €8.21M
2019: €8.72M
2020: €8.90M
2021: €8.40M
2022: €7.82M
2023: €7.47M
2018 → 2024
Total assets
€4.97M▼ 40.0%
2023 · €8.29M
2018: €10.51M
2019: €10.07M
2020: €10.04M
2021: €9.43M
2022: €8.75M
2023: €8.29M
2018 → 2024
Net result
€868k▲ 3,006%
2023 · €28k
2018: €-127k
2019: €508k
2020: €183k
2021: €-172k
2022: €-225k
2023: €28k
2018 → 2024
Working capital
€456k▼ 85.3%
2023 · €3.10M
2018: €2.71M
2019: €2.83M
2020: €4.56M
2021: €4.01M
2022: €3.41M
2023: €3.10M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€8.90M-€8.40M▼ 5.6%€7.82M▼ 6.9%€7.47M▼ 4.5%€4.51M▼ 39.7%
Operating result€174k-€-106k€-113k▼ 7.0%€-86k▲ 24.3%€500k
Net result€183k-€-172k€-225k▼ 30.4%€28k€868k▲ 3,006%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €500k after a loss of €86k in 2023, the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.97M
Fixed assets
€4.11M▼ 14.6%
Current assets
€860k▼ 75.3%
Equity and liabilities €4.97M
Equity
€4.51M▼ 39.7%
Provisions
€51k▲ 27.2%
Debt
€413k▼ 47.2%
The debt ratio falls from 9.4% to 8.3%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€561k▲
2023 · €11k
Cash flow
€930k▲
2023 · €124k
Solvency
90.7%▲
2023 · 90.1%
Current ratio
2.13▼
2023 · 9.33
Quick ratio
2.13▼
2023 · 9.33
Debt / equity
0.09▼
2023 · 0.10
ROE
19.3%▲
2023 · 0.4%
ROA
17.5%▲
2023 · 0.3%
Interest coverage
-29.13▼
2023 · -0.30
Debt
€413k▼
2023 · €782k
Debt ≤ 1 year
€403k▲
2023 · €372k
Income taxes
€355k▲
2023 · €5k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€8.29M€4.97M▼
Fixed assets21/28€4.82M€4.11M▼
Tangible fixed assets22/27€4.44M€3.73M▼
Land and buildings22€2.45M€1.75M▼
Furniture and vehicles24€175k€170k▼
Other tangible fixed assets26€1.81M€1.81M=
Financial fixed assets28€380k€380k=
Current assets29/58€3.47M€860k▼
Amounts receivable within one year40/41€44k€2k▼
Trade receivables40€293-
Other amounts receivable41€44k€2k▼
Current investments50/53€3.14M€696k▼
Cash at bank and in hand54/58€286k€158k▼
Deferred charges and accrued income490/1€4k€4k▼
Equity and liabilities
Total equity and liabilities10/49€8.29M€4.97M▼
Equity10/15€7.47M€4.51M▼
Contributions10/11€96k€96k=
Capital10€96k€96k=
Issued capital100€96k€96k=
Reserves13€7.37M€4.41M▼
Non-distributable reserves130/1€140k€140k=
Legal reserve130€140k€140k=
Tax-exempt reserves132€78k€71k▼
Distributable reserves133€7.15M€4.20M▼
Provisions and deferred taxes16€40k€51k▲
Provisions for liabilities and charges160/5-€15k
Environmental obligations163-€15k
Deferred taxes168€40k€37k▼
Amounts payable17/49€782k€413k▼
Amounts payable after more than one year17€400k-
Financial debts170/4€209k-
Other amounts payable178/9€192k-
Amounts payable within one year42/48€372k€403k▲
Current portion of amounts payable after more than one year42€49k€201k▲
Financial debts43€200k-
Credit institutions430/8€200k-
Trade debts44€10k€1k▼
Suppliers440/4€10k€1k▼
Taxes, remuneration and social security45€4k€95k▲
Taxes450/3€4k€95k▲
Other amounts payable47/48€108k€106k▼
Accrued charges and deferred income492/3€9k€10k▲
Income statement
Code20232024
Non-recurring operating income76A-€597k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€96k€62k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8-€15k
Other operating charges640/8€13k€11k▼
Non-recurring operating charges66A-€5k
Gross operating margin9900€24k€591k▲
Operating profit (loss)9901€-86k€500k▲
Financial income75/76B€79k€700k▲
Recurring financial income75€79k€700k▲
Financial charges65/66B€-36k€-19k▲
Recurring financial charges65€-36k€-19k▲
Profit (loss) for the period before taxes9903€29k€1.22M▲
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€5k€355k▲
Profit (loss) for the period9904€28k€868k▲
Transfer from tax-exempt reserves789€7k€7k=
Profit (loss) for the period to be appropriated9905€35k€875k▲
Appropriation of the result
Profit (loss) to be appropriated9906€35k€875k▲
Transfer from equity791/2€383k€3.83M▲
Transfer to equity691/2€35k€875k▲
To other reserves6921€35k€875k▲
Profit to be distributed694/7€383k€3.83M▲
Return on contributions (dividend)694€383k€3.83M▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €868k ▲3006%
Net result €868k, the highest in the series.
24-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €28k
Net result €28k after 2 loss-making years.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €-225k
Net result drops to €-225k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
12-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 35 days late
2019
31-12
Financial
Back to profitnet €508k
Net result €508k after one loss-making year.
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 58 days late
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 1985
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.
Diepenbekerweg 653500 HasseltGround area
1.0 ha
Building footprint
1,916 m²
Volume, LiDAR
14,389 m³
Parcel 71328D0841/00D000, Flanders · tallest building 22.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CARL ANDREAS NV
since 19852.028.219.421
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0841/00D000 | Flanders | 1.0 ha | 1 · 1,916 m² | 22.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
96760045G4ALFXVF9R34
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Of 11,974 companies in sector 68203 we hold annual accounts for 5,947. 2,767 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-11-1985
Fiscal year end31-12
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 40 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.