CARLINO
ActiveSummary
CARLINO has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €793,416 and a net result of €208,280. Equity is growing by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 13% of 158 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+23
Solvency46▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 0.97 in 2024; short-term debt: 56% and cash: 8.5% of total assets), and 78.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 13
Relative position
BE, all sectors
reference
Manufacture of textiles (NACE 13)
about 62% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
21.1%
Return on assets
5.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 158 sector peers (2025).
NBB · sector comparisonPosition among 158 sector peers
Solvency
better than 13%
← weakest
strongest →
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
23 d early
2023
25 d late
2022
10 d early
2021
30 d early
2020
33 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 16 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 20 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€208,280▲ 671%
2024 · €26,998
Working capital
€118,599
2024 · -€60,126
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 13, Manufacture of textiles, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€20,415▼ 68.2%€102,256▲ 401%€15,691▼ 84.7%€78,222▲ 399%€362,098▲ 363%
Net result€1,024below the sector's middle half▼ 97.4%€70,492within the sector's middle half▲ 6,785%-€10,646below the sector's middle half€26,998within the sector's middle half€208,280within the sector's middle half▲ 671%
Equity€498,292within the sector's middle half▲ 0.2%€568,784within the sector's middle half▲ 14.1%€558,138within the sector's middle half▼ 1.9%€585,136within the sector's middle half▲ 4.8%€793,416within the sector's middle half▲ 35.6%
Total assets€1.9mwithin the sector's middle half▼ 11.2%€2.3mwithin the sector's middle half▲ 20.9%€2.6mwithin the sector's middle half▲ 14.0%€3.0mwithin the sector's middle half▲ 15.9%€3.8mwithin the sector's middle half▲ 25.2%
Debt€1.4m▼ 14.7%€1.7m▲ 23.3%€2.0m▲ 19.2%€2.4m▲ 18.9%€3.0m▲ 22.7%
Working capital€455,328within the sector's middle half▼ 24.8%-€47,411below the sector's middle half-€105,286below the sector's middle half▼ 122%-€60,126below the sector's middle half▲ 42.9%€118,599below the sector's middle half
Solvency26.4%within the sector's middle half▲ 3.0pp25.0%below the sector's middle half▼ 1.5pp21.5%below the sector's middle half▼ 3.5pp19.5%below the sector's middle half▼ 2.0pp21.1%below the sector's middle half▲ 1.6pp
Current ratio1.58within the sector's middle half▼ 0.150.97below the sector's middle half▼ 0.610.93below the sector's middle half▼ 0.050.97below the sector's middle half▲ 0.041.06below the sector's middle half▲ 0.09
Return on assets (ROA)0.1%below the sector's middle half▼ 1.8pp3.1%within the sector's middle half▲ 3.0pp-0.4%below the sector's middle half▼ 3.5pp0.9%within the sector's middle half▲ 1.3pp5.5%within the sector's middle half▲ 4.6pp
Staff (FTE)1.2below the sector's middle half=1.8below the sector's middle half▲ 50.0%7.5within the sector's middle half▲ 317%8.9within the sector's middle half▲ 18.7%10.2within the sector's middle half▲ 14.6%
above
within
below
the middle half (P25 to P75) of NACE 13, Manufacture of textiles, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result +671% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 363% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets
€1.5m ▲ 21.5%
Current assets
€2.2m ▲ 27.9%
Equity and liabilities €3.8m
Equity
€793,416 ▲ 35.6%
Debt
€3.0m ▲ 22.7%
Debt's share of the balance-sheet total falls from 80.5% to 78.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€528,778▲
2024 · €206,939
Cash flow
€374,960▲
2024 · €155,715
Quick ratio
0.56▲
2024 · 0.34
Debt to equity
3.75▼
2024 · 4.14
ROE
26.3%▲
2024 · 4.6%
Interest coverage
8.33▲
2024 · 3.95
Debt ≤ 1 year
€2.1m▲
2024 · €1.8m
Debt > 1 year
€848,673▲
2024 · €619,163
Income taxes
€95,740▲
2024 · -€1,211
Staff costs
€546,656▲
2024 · €525,367
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,613 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €51,919 | €84,104 | €418,037 | €525,367 | €546,656 | ▲ 4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46,800 | €44,900 | €78,489 | €128,717 | €166,681 | ▲ 29.5% |
| Other operating charges640/8 | €14,932 | €15,066 | €15,629 | €21,884 | €16,327 | ▼ 25.4% |
| Gross operating margin9900 | €134,065 | €246,326 | €527,847 | €754,190 | €1.1m | ▲ 44.8% |
| Operating profit (loss)9901 | €20,415 | €102,256 | €15,691 | €78,222 | €362,098 | ▲ 363% |
| Financial income75/76B | €8,045 | €7,757 | €8,006 | €0 | €5,427 | ▲ 18,090,200% |
| Recurring financial income75 | €8,045 | €7,757 | €8,006 | €0 | €5,427 | ▲ 18,090,200% |
| Financial charges65/66B | €27,436 | €12,841 | €34,343 | €52,435 | €63,505 | ▲ 21.1% |
| Recurring financial charges65 | €27,436 | €12,841 | €34,343 | €52,435 | €63,505 | ▲ 21.1% |
| Profit (loss) for the period before taxes9903 | €1,024 | €97,172 | -€10,646 | €25,787 | €304,020 | ▲ 1,079% |
| Income taxes67/77 | - | €26,680 | €0 | -€1,211 | €95,740 | ▲ 8,008% |
| Profit (loss) for the period9904 | €1,024 | €70,492 | -€10,646 | €26,998 | €208,280 | ▲ 671% |
| Profit (loss) for the period to be appropriated9905 | €1,024 | €70,492 | -€10,646 | €26,998 | €208,280 | ▲ 671% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €2.3m | €2.6m | €3.0m | €3.8m | ▲ 25.2% |
| Fixed assets21/28 | €640,500 | €620,570 | €1.3m | €1.3m | €1.5m | ▲ 21.5% |
| Tangible fixed assets22/27 | €322,632 | €302,702 | €970,335 | €947,303 | €1.2m | ▲ 28.7% |
| Land and buildings22 | €152,702 | €154,693 | €150,403 | €147,691 | €147,056 | ▼ 0.4% |
| Plant, machinery and equipment23 | €143,404 | €126,801 | €784,227 | €782,661 | €707,317 | ▼ 9.6% |
| Furniture and vehicles24 | €26,526 | €21,207 | €35,705 | €16,951 | €6,156 | ▼ 63.7% |
| Leasing and similar rights25 | - | - | - | - | €358,896 | - |
| Financial fixed assets28 | €317,868 | €317,868 | €317,868 | €317,868 | €317,868 | = |
| Current assets29/58 | €1.2m | €1.7m | €1.3m | €1.7m | €2.2m | ▲ 27.9% |
| Stocks and contracts in progress3 | €583,270 | €724,772 | €462,358 | €1.1m | €1.0m | ▼ 8.6% |
| Stocks30/36 | €583,270 | €724,772 | €462,358 | €1.1m | €1.0m | ▼ 8.6% |
| Amounts receivable within one year40/41 | €614,287 | €821,683 | €698,262 | €508,545 | €867,610 | ▲ 70.6% |
| Trade receivables40 | €42,480 | €59,198 | €121,392 | €64,074 | €554,660 | ▲ 766% |
| Other amounts receivable41 | €571,807 | €762,484 | €576,870 | €444,471 | €312,949 | ▼ 29.6% |
| Cash at bank and in hand54/58 | €8,174 | €63,274 | €136,482 | €50,553 | €319,932 | ▲ 533% |
| Deferred charges and accrued income490/1 | €38,336 | €47,574 | €10,576 | €47,220 | €2,546 | ▼ 94.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €2.3m | €2.6m | €3.0m | €3.8m | ▲ 25.2% |
| Equity10/15 | €498,292 | €568,784 | €558,138 | €585,136 | €793,416 | ▲ 35.6% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €436,318 | €506,810 | €496,164 | €523,162 | €731,442 | ▲ 39.8% |
| Non-distributable reserves130/1 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | €430,121 | €500,613 | €489,967 | €516,965 | €725,245 | ▲ 40.3% |
| Amounts payable17/49 | €1.4m | €1.7m | €2.0m | €2.4m | €3.0m | ▲ 22.7% |
| Amounts payable after more than one year17 | €389,875 | €4,375 | €620,059 | €619,163 | €848,673 | ▲ 37.1% |
| Financial debts170/4 | €389,875 | €4,375 | €620,059 | €619,163 | €848,673 | ▲ 37.1% |
| Amounts payable within one year42/48 | €788,738 | €1.7m | €1.4m | €1.8m | €2.1m | ▲ 17.1% |
| Current portion of amounts payable after more than one year42 | €12,138 | €10,500 | €44,316 | €53,359 | €123,991 | ▲ 132% |
| Financial debts43 | €820 | €475,000 | €200,000 | €200,000 | €310,018 | ▲ 55.0% |
| Credit institutions430/8 | €820 | €475,000 | €200,000 | €200,000 | €310,018 | ▲ 55.0% |
| Trade debts44 | €186,710 | €1.1m | €809,720 | €1.2m | €1.4m | ▲ 15.4% |
| Suppliers440/4 | €186,710 | €1.1m | €809,720 | €1.2m | €1.4m | ▲ 15.4% |
| Taxes, remuneration and social security45 | €1,594 | €18,235 | €64,767 | €104,923 | €109,366 | ▲ 4.2% |
| Taxes450/3 | - | €960 | €7,854 | €12,612 | €27,146 | ▲ 115% |
| Remuneration and social security454/9 | €1,594 | €17,274 | €56,913 | €92,311 | €82,220 | ▼ 10.9% |
| Other amounts payable47/48 | €587,475 | €115,962 | €294,161 | €250,585 | €189,907 | ▼ 24.2% |
| Accrued charges and deferred income492/3 | €207,662 | €0 | €4,721 | €745 | €13,803 | ▲ 1,752% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,024 | €70,492 | -€10,646 | €26,998 | €208,280 | ▲ 671% |
| + Depreciation and write-downs630 | €46,800 | €44,900 | €78,489 | €128,717 | €166,681 | ▲ 29.5% |
| Operating cash flow (approximation) | €47,824 | €115,392 | €67,843 | €155,715 | €374,960 | ▲ 141% |
| Investment in fixed assets (approximation) | - | -€24,969 | -€746,123 | -€105,684 | -€438,802 | ▼ 315% |
| Change in cash | - | €55,100 | €73,208 | -€85,929 | €269,378 | ▲ 413% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €208,280 ▲671%
Operating result €362,098, net result €208,280, both a record.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €26,998
Net result €26,998 after one loss-making year.
25-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 25 days late
2023
31-12
Financial
Weakest financial yearnet -€10,646
Net result drops to -€10,646, the lowest in the series; recovery starts the following year.
21-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500,000Eq €568,784 ▲14.1%
3 profitable years in a row build equity to €568,784.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €39,162
Net result €39,162 after 2 loss-making years.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Wielsbeke · 1 establishment unit since 1996
Ground area
7,198 m²
Building footprint
3,744 m²
Volume, LiDAR
32,337 m³
Parcel 37014C0345/00N003, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CARLINO NV
since 19962.075.585.115
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37014C0345/00N003 | Flanders | 7,198 m² | 1 · 3,744 m² | 11.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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
Owners and holdings
1 owner · 1 holdingChain of control
- CARLIER
- CARLINO
Highest known parent: CARLIER. The sources do not say who stands above it.
Owners 1
- CARLIERparentSourceaccounts CARLIER 202450.4%
Holdings 1
-
20%
According to the 2024 annual accounts of CARLINO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 1,064 EUR awarded · 1,064 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 681 EUR | 681 EUR |
| 2023 | 1 | 383 EUR | 383 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteWielsbeke2.075.585.115
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Of 209 companies in sector 13100 we hold annual accounts for 140. 100 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-02-1996
Fiscal year end31-12
Activities, NACEBEL 2025
13100Manufacture of textiles
01110Growing of cereals (except rice), leguminous crops and oil seeds
01160Crop and animal production, hunting and related service activities
46869Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0457210983
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.