Carl Software Benelux
ActiveCarl Software Benelux has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €403k and a net result of €292k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 39% of 1416 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+9
Solvency52▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.8 against 1.61 in 2024; short-term debt: 55.4% and cash: 42.7% of total assets), but 73.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
26.8%
Return on assets
19.4%
Age of the figures
9 mo
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
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 08-07-2026, 23 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
23 d early
2024
48 d late
2023
8 d early
2022
1 d late
2021
51 d early
2020
53 d early
2019
46 d early
← 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
23-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€292k▲ 49.2%
2024 · €196k
2018: €12k
2019: €8k
2020: €-6k
2021: €20k
2022: €98k
2023: €284k
2024: €196k
2018 → 2025
Working capital
€669k▲ 6.9%
2024 · €625k
2018: €317k
2019: €290k
2020: €397k
2021: €482k
2022: €401k
2023: €909k
2024: €625k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€183k-€281k▲ 53.4%€565k▲ 101%€411k▼ 27.3%€403k▼ 2.0%
Operating result€38k-€139k▲ 268%€405k▲ 191%€276k▼ 31.9%€405k▲ 46.7%
Net result€20k-€98k▲ 387%€284k▲ 189%€196k▼ 31.0%€292k▲ 49.2%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 47% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.50M
Fixed assets
€2k▼ 17.1%
Current assets
€1.50M▼ 9.3%
Equity and liabilities €1.50M
Equity
€403k▼ 2.0%
Debt
€1.10M▼ 11.8%
The debt ratio falls from 75.2% to 73.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€405k▲
2024 · €276k
Cash flow
€292k▲
2024 · €196k
Solvency
26.8%▲
2024 · 24.8%
Current ratio
1.80▲
2024 · 1.61
Quick ratio
1.80▲
2024 · 1.61
Debt / equity
2.73▼
2024 · 3.03
ROE
72.5%▲
2024 · 47.6%
ROA
19.4%▲
2024 · 11.8%
Interest coverage
74.34▼
2024 · 333.86
Debt
€1.10M▼
2024 · €1.25M
Debt ≤ 1 year
€832k▼
2024 · €1.03M
Income taxes
€108k▲
2024 · €79k
Staff costs
€435k=
2024 · €435k
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€1.66M€1.50M▼
Fixed assets21/28€2k€2k▼
Tangible fixed assets22/27€2k€2k▼
Furniture and vehicles24€2k€2k▼
Financial fixed assets28€250€250=
Current assets29/58€1.66M€1.50M▼
Amounts receivable within one year40/41€697k€695k▼
Trade receivables40€693k€691k▼
Other amounts receivable41€4k€3k▼
Cash at bank and in hand54/58€877k€641k▼
Deferred charges and accrued income490/1€81k€165k▲
Equity and liabilities
Total equity and liabilities10/49€1.66M€1.50M▼
Equity10/15€411k€403k▼
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Reserves13€15k€15k=
Non-distributable reserves130/1€15k€15k=
Legal reserve130€15k€15k=
Profit (loss) carried forward14€246k€238k▼
Amounts payable17/49€1.25M€1.10M▼
Amounts payable within one year42/48€1.03M€832k▼
Trade debts44€399k€229k▼
Suppliers440/4€399k€229k▼
Taxes, remuneration and social security45€281k€303k▲
Taxes450/3€182k€159k▼
Remuneration and social security454/9€99k€144k▲
Other amounts payable47/48€350k€300k▼
Accrued charges and deferred income492/3€217k€268k▲
Income statement
Code20242025
Remuneration, social security and pensions62€435k€435k=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€297€373▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€2k-
Other operating charges640/8€406€141▼
Gross operating margin9900€714k€840k▲
Operating profit (loss)9901€276k€405k▲
Financial income75/76B€0€119▲
Recurring financial income75€0€119▲
Financial charges65/66B€827€5k▲
Recurring financial charges65€827€5k▲
Profit (loss) for the period before taxes9903€275k€399k▲
Income taxes67/77€79k€108k▲
Profit (loss) for the period9904€196k€292k▲
Profit (loss) for the period to be appropriated9905€196k€292k▲
Appropriation of the result
Profit (loss) to be appropriated9906€596k€538k▼
Profit (loss) brought forward from the previous period14P€400k€246k▼
Profit to be distributed694/7€350k€300k▼
Return on contributions (dividend)694€350k€300k▼
Social balance
Average headcount (FTE)90874.54.0▼
The notes to these accounts (6 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €292k ▲49.2%
Net result €292k, the highest in the series.
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 48 days late
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €500kEq €565k ▲101%
3 profitable years in a row build equity to €565k.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 1 day late
2022
31-12
Financial
Equity above €200kEq €281k ▲53.4%
2 profitable years in a row build equity to €281k.
10-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-6k ▼175%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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 2025
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.
25-08-2025
Antoine DUMURGIER: Resigned as Director
31-12-2022
Tugdual LE BOUAR: Resigned as Director
01-10-2022
Pierre-Marie LEHUCHER: Resigned as Director
31-05-2021
J. JORDENS: Resigned as Director
14-05-2018
André Schoonbroodt: Resigned as Director
14-05-2018
Paul-Henri De Fays: Resigned as Director
Location & real-estate footprint
Registered office, Waterloo · 1 establishment unit since 2013
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.
Drève Richelle 1181410 WaterlooGround area
928 m²
Building footprint
176 m²
Volume, LiDAR
865 m³
Parcel 25763M0359/00A000, Wallonia · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CARL Software Benelux
since 20132.217.463.055
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25763M0359/00A000 | Wallonia | 928 m² | 1 · 176 m² | 6.4 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.
Structure & network
Connections & network
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Of 30,000 companies in sector 62200 we hold annual accounts for 18,395. 12,811 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-03-2013
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:info.be@carl.eu
Phone:02/529.58.75
Fax:02/529.59.22