CARMA

Active Private limited companyfounded 2000active for 26 yearsGrotenbergestraat 49, 9620 ZottegemKBO/BCE: BE 0472.647.643 #4 company by equity in Zottegem, Telecoms and IT sector

CARMA

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Overview

Lifetime

20 annual accounts with figures on one time axis, 24 filings since 2002

Compare with

peak €569,596 (2025)

€569,596▲ 18.7%

lowest -€367,937 (2010)

€447,971▲ 35.4%

peak €2.2m (2025)

€2.2m▲ 15.7%

€515,789▼ 10.7%

peak 0 FTE (2024)

-not published

Board1 name since 2000

1 directorCarine Huysveld

Documentsfilings and deeds

02-07-202629 days before the deadline

2025micro format

Gross margin from €479,755 to €569,596Result from €330,835 to €447,971Dividend €150,000Equity from €1.9m to €2.2mCash from €130,802 to €231,152

Key points

from the 2025 annual accounts

Equity

€2.2m ▲ 15.7%

CARMA has made a profit without a break since 2011.

Filings

24 annual accounts since 2002

Six of the last ten came late. The 2016 accounts came latest: 52 days after the end of the period.

Position in the sector

€447,971

Higher net result than 95% of companies in computer programming and consultancy. Sector median €28,568 · 21,211 companies.

Checked score

Excellent

Financially stronger than 78% of small companies in computer programming and consultancy (NACE 62)

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: 0.2% across 1,167 companies (NACE 62, small).

Fewer than 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: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: 0.1%▲ +0.1 percentage points vs 07-2025highest value 09-2025: < 0.1%▼ -0.1 percentage points 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 02-2026 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 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value

Financial strength

Strong

100+4equity 75.8% of total assets

60+4short-term debt 6.7% · cash 8.0%

88+4return on assets 15.5%

Score breakdown

lowers risk

Size: total assets €2.9m

Figures for financial year 2025 (filed on 02-07-2026)

Sector: Computer programming, consultancy and related activities (NACE 62)

Equity €2.2m (75.8% 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 62, small). It does better than 92% of them on solvency, 72% on liquidity, 83% on profitability and 63% on growth.

The bankruptcy probability was computed on 08-11-2026 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, 20,137 companies had the same profile as CARMA has now. Each dot stands for 51 companies, two years later.

95.1%

were still trading

4.7%

stopped another way

0.2%

went bankrupt

Small
20 years or older
solvency 30% or more
a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of CARMA itself: < 0.1% within 12 months.

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 20,137 companies, not a prediction for CARMA. 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 €210,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 9.24 (8.42 in 2024), above the usual 1.5. Short-term debt is 6.7% and cash 8% of total assets. 24.2% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

5 signals, none raises the risk

Five signals.

lowers riskneutral

Size: total assets €2.9m

Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Figures for financial year 2025 (filed on 02-07-2026)

NBB · annual accounts

Sector: Computer programming, consultancy and related activities (NACE 62)

KBO

Equity €2.2m (75.8% of total assets)

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

29 days early

2024

22 days late

2023

23 days early

2022

3 days early

2021

3 days early

2020

17 days late

2019

27 days late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.

Searched, nothing found (2)

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 28 July (5 of the last 5 accounts filed within 30 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

09-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Board and ownership

Carine Huysveld

Director, since 17-08-2000

Carine Huysveldannual accounts 2024

Board & ownership

Recent changes

14-11-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0472647643

01-12-2023

Change of role: HUYSVELD Carine, from manager to director Director discharge: HUYSVELD Carine · Gazette deed

14-11-2000

First establishment Grotenbergestraat 49, Zottegem

31-08-2000

Incorporation published on 09-09-2000 · Gazette deed

All 35 events

Comparable companies

same main activity, similar in size and age

Company
CARMA Zottegem	€2.9m	€569,596	75.8%	-
ATMOZ CONSULT Temse	€2.8m	€454,110	79.3%	-
NETWORX Nazareth-De Pinte	€2.5m	€763,970	33.8%	-
IMMO FIVE Assenede	€2.7m	€429,839	39.8%	-
NIMBUS CONSULTING Dilbeek	€2.9m	€464,927	51.9%	-
ROBEN CONSULT Bornem	€2.9m	€704,549	61.3%	1
SWORD INTEGRA Woluwe-Saint-Pierre	€2.9m	€573,804	84.2%	6.5

These companies have the same main activity as CARMA: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €2.5m and €2.9m, founded between 1995 and 2008.

Official details

Source: KBO

Status: Active since 31-08-2000Normal situation
Activity: Computer consultancy and computer facilities managementNACE 62200
Establishment unit: 2.097.644.2029620 Zottegem, since 14-11-2000
Financial year end: 31 December
Peppol: Reachable since 14-11-2025

Company details

Annual accounts 2025

: €569,596▲ 18.7%
: ≈ €1.5mestimated
: €447,971▲ 35.4%
: €2.2m▲ 15.7%
: €2.9m▲ 9.1%
Filing: Filed on 02-07-2026, 29 days before the end of the filing period

Financials

Insights on CARMA

CARMA files the micro format. That format states no turnover. The gross margin rose from €324,822 in 2006 to €569,596 in 2025.

The balance sheet grew most from 2020 to 2022 through fixed assets.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 02-07-2026, 29 days before the deadline

€569,596

▲ 18.7%

€519,135

▲ 17.6%

€447,971

▲ 35.4%

€1.6m

▲ 24.6%

75.8%

▲ 4.3 percentage points

9.24

▲ 0.82

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.5m. Estimated: probably between €1.0m and €2.4m.

In the rankings #4 company by equity in Zottegem, Telecoms and IT sector #5 company by total assets in Zottegem, Telecoms and IT sector #5 oldest company in Zottegem, Telecoms and IT sector

Balance sheet

balance sheet total €2.9m on 31-12-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

75.8%

Higher than 69% of 21,205 companies in 2025.

9.24

Higher than 87% of 20,568 companies in 2025.

15.5%

Higher than 45% of 20,743 companies in 2025.

CARMA Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	2.9m	2.7m	2.6m	2.6m	2.3m	2.3m	1.4m	1.2m	1.1m	1.1m	1.1m	1.0m	1.0m	857,478	778,773	580,850	1.0m	886,274	810,826	990,730
`21/28`	1.1m	1.2m	1.2m	1.3m	1.3m	1.4m	261,088	283,281	308,935	533,479	514,000	551,171	583,895	446,587	421,918	117,933	634,307	661,762	726,192	719,382
`22/27`	1.1m	1.2m	1.2m	1.2m	1.3m	1.3m	204,593	226,786	252,439	476,983	514,000	551,171	583,895	446,587	421,918	117,933	147,567	175,023	209,452	232,642
`22`	1.1m	1.1m	1.2m	1.2m	1.2m	1.3m	201,488	223,968	248,432	468,110	500,797	534,523	563,824	441,584	415,246	111,486	141,157	175,023	82,760	93,566
`23`	2,273	2,560	2,848	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	126,692	139,076
`24`	24,256	26,573	30,288	30,975	23,901	42,674	2,964	2,537	3,586	8,311	13,202	16,648	19,543	3,491	4,174	2,966	4,589	-	-	-
`26`	233	478	724	969	1,214	0	140	281	421	562	-	-	529	1,513	2,497	3,481	1,821	-	-	-
`28`	0	56,496	56,496	56,496	56,496	56,496	56,496	56,496	56,496	56,496	-	-	-	-	-	-	486,740	486,740	516,740	486,740
`29/58`	1.8m	1.4m	1.3m	1.3m	1.0m	912,239	1.1m	923,373	779,797	550,517	547,642	468,851	458,802	410,890	356,855	462,917	372,216	224,512	84,634	271,348
`40/41`	44,664	56,360	151,046	92,431	58,299	63,982	54,483	86,171	48,177	57,296	96,537	84,480	67,220	141,937	49,670	38,796	55,921	50,518	56,386	54,813
`40`	6,074	56,336	128,860	84,911	51,110	47,706	53,101	86,171	46,374	46,395	85,169	40,948	38,186	88,597	34,666	33,627	33,540	50,518	56,386	54,813
`41`	38,590	23	22,186	7,519	7,189	16,276	1,382	-	1,803	10,900	11,368	43,532	29,033	53,340	15,004	5,169	22,381	-	-	-
`50/53`	1.5m	1.3m	900,000	850,000	-	-	-	-	-	-	56,496	56,496	57,806	34,806	1,310	1,168	-	100,000	-	-
`54/58`	231,152	130,802	264,644	312,565	946,028	817,475	1.0m	826,232	718,163	480,947	376,262	317,803	333,255	233,235	305,876	422,953	316,294	73,542	26,533	216,535
`490/1`	4,437	8,558	1,757	34,721	33,095	30,782	24,034	10,971	13,457	12,274	18,348	10,072	521	913	-	-	-	453	1,715	-
Balance sheet: equity and liabilities
`10/49`	2.9m	2.7m	2.6m	2.6m	2.3m	2.3m	1.4m	1.2m	1.1m	1.1m	1.1m	1.0m	1.0m	857,478	778,773	580,850	1.0m	886,274	810,826	990,730
`10/15`	2.2m	1.9m	1.7m	1.5m	1.3m	1.2m	1.1m	948,989	821,573	692,322	603,034	532,969	506,398	503,508	429,410	210,816	578,753	581,837	486,879	591,580
`10/11`	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	400,000
`100`	-	-	-	-	-	-	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	262,500	400,000
`13`	1.9m	1.6m	1.4m	1.2m	1.0m	907,510	828,510	678,510	558,510	420,000	340,000	270,000	240,500	240,500	170,500	40,000	315,000	315,000	215,000	180,000
`130/1`	-	-	0	40,000	40,000	40,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	40,000	40,000	40,000	40,000	40,000	40,000	40,000	40,000	40,000	40,000	40,000	40,000	40,000	40,000
`1311`	-	-	0	40,000	40,000	40,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`132`	25,598	24,843	25,763	26,627	27,491	28,510	28,510	28,510	28,510	-	-	-	130,500	130,500	130,500	-	-	-	-	-
`133`	1.9m	1.6m	1.4m	1.2m	979,000	839,000	760,000	610,000	490,000	380,000	300,000	230,000	70,000	70,000	-	-	275,000	275,000	175,000	140,000
`14`	14,927	14,712	14,712	14,712	14,712	14,003	13,676	7,979	563	9,822	534	469	3,398	508	-3,590	-91,684	1,253	4,337	9,379	11,580
`16`	184,975	179,884	183,011	185,984	188,953	191,928	194,230	196,316	198,432	311,855	313,878	315,690	317,529	319,031	320,717	322,222	270,698	20,000	-	-
`160/5`	176,442	169,369	172,190	174,799	177,406	179,952	182,254	184,340	186,456	311,855	313,878	315,690	317,529	319,031	320,717	322,222	270,698	20,000	-	-
`160`	-	-	-	-	-	-	-	-	-	123,436	-	-	-	-	-	-	-	-	-	-
`163`	176,442	169,369	172,190	174,799	177,406	179,952	182,254	184,340	-	188,419	-	-	-	-	-	-	-	-	-	-
`164/5`	-	-	-	-	-	-	-	-	186,456	-	-	-	-	-	-	-	-	-	-	-
`168`	8,533	10,515	10,822	11,185	11,548	11,976	11,976	11,976	11,976	-	-	-	-	-	-	-	-	-	-	-
`17/49`	515,789	577,272	694,963	885,506	833,342	900,190	78,728	61,350	68,726	79,819	144,730	171,363	218,770	34,938	28,646	47,812	157,072	284,437	323,947	399,150
`17`	314,821	395,257	475,003	554,068	632,455	710,171	-	-	-	27,834	61,233	94,633	128,033	-	1,146	3,958	6,769	9,580	17,805	28,860
`170/4`	314,821	395,257	475,003	554,068	632,455	710,171	-	-	-	27,834	61,233	94,633	128,033	-	1,146	3,958	6,769	9,580	17,805	28,860
`42/48`	192,769	171,731	212,064	324,464	193,910	181,314	78,728	61,350	68,726	51,175	82,687	75,167	88,395	34,852	27,499	43,854	150,304	264,238	306,142	370,290
`42`	80,435	79,747	79,064	78,387	77,716	77,051	-	-	30,617	36,183	36,183	36,183	36,183	1,146	2,811	2,811	2,811	8,225	11,055	11,055
`43`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,333	23,592	-
`430/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,333	23,592	-
`44`	1,680	11,077	14,246	51,196	12,890	8,770	5,540	7,150	8,039	11,057	21,637	22,331	25,204	19,630	14,092	4,039	4,701	4,193	6,752	769
`440/4`	1,680	11,077	14,246	51,196	12,890	8,770	5,540	7,150	8,039	11,057	21,637	22,331	25,204	19,630	14,092	4,039	4,701	4,193	6,752	769
`45`	110,654	68,421	118,754	91,763	21,789	28,887	33,004	19,149	12,484	783	24,867	11,512	19,982	14,075	10,596	7,036	52,827	28,120	18,748	22,175
`450/3`	110,654	68,421	118,754	91,763	21,789	28,887	33,004	19,149	12,484	783	24,867	11,512	19,982	14,075	10,596	7,036	52,827	28,120	18,748	22,175
`47/48`	0	12,486	0	103,117	81,515	66,607	40,184	35,052	17,587	3,152	-	5,140	7,026	-	-	29,968	89,965	200,366	245,995	336,292
`492/3`	8,198	10,285	7,895	6,975	6,977	8,704	-	-	-	810	810	1,563	2,342	86	-	-	-	10,619	-	-
Income statement
`76A`	-	-	-	-	-	-	0	23,529	40,486	19,955	-	-	9,461	-	12,168	-	-	-	-	-
`9900`	569,596	479,755	397,279	320,308	289,181	279,879	263,641	224,683	121,964	198,551	165,168	120,684	100,137	188,519	363,701	280,529	259,028	220,809	206,922	324,822
`630`	38,172	38,256	39,363	37,406	65,847	149,689	24,639	25,654	33,234	48,609	46,837	49,084	49,614	48,231	89,607	33,117	36,616	34,430	23,190	46,508
`631/4`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-28,091
`635/8`	7,073	-2,821	-2,609	-2,607	-2,546	-2,302	-2,086	-2,116	-125,398	-2,023	-1,812	-1,839	-1,502	-1,686	-1,505	51,524	50,332	20,000	-	-
`640/8`	5,216	2,858	5,046	8,743	4,920	4,527	3,698	4,056	5,187	10,306	6,869	7,586	5,404	2,923	3,051	6,243	4,129	2,259	3,279	4,080
`66A`	-	-	0	3,654	-	-	-	-	-	-	-	-	3,192	-	-	-	-	-	-	-
`9901`	519,135	441,462	355,479	273,111	220,960	127,966	237,390	197,089	208,942	141,659	113,274	65,854	46,622	139,051	272,547	189,645	167,952	164,120	180,454	302,325
`75/76B`	157,925	64,049	30,395	9,418	3,300	2,504	11,060	5,537	7,485	7,270	8,255	7,453	4,663	5,321	4,737	5,839	7,507	93	4,769	607
`75`	58,275	64,049	30,395	9,418	3,300	2,504	11,060	5,537	7,485	7,270	8,255	7,453	4,663	5,321	4,737	5,839	7,507	93	4,769	607
`76B`	99,650	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	21,635	22,010	23,559	22,779	22,198	18,768	17,568	18,319	17,231	18,059	19,096	19,331	41,913	30,816	15,726	501,764	17,107	14,956	46,982	52,584
`65`	21,635	22,010	23,559	22,779	22,198	18,768	17,568	18,319	17,231	18,059	19,096	19,331	41,913	30,816	15,726	501,764	17,107	14,956	46,982	52,584
`9903`	655,425	483,500	362,315	259,750	202,062	111,702	230,882	184,307	199,196	130,870	102,432	53,975	15,640	113,557	273,726	-306,280	158,351	149,258	138,241	250,348
`780`	1,982	307	363	363	428	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	209,436	152,972	114,923	82,948	62,801	32,375	75,185	56,891	57,970	41,581	32,368	27,404	12,751	39,458	55,132	61,657	61,436	54,300	49,841	-19,004
`9904`	447,971	330,835	247,755	177,164	139,689	79,327	155,697	127,416	129,251	89,289	70,064	26,571	2,889	74,098	218,594	-367,937	96,916	94,958	88,400	269,352
`789`	0	920	864	864	1,020	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`689`	755	-	-	-	-	-	-	-	28,510	-	-	-	-	-	130,500	-	-	-	-	-
`9905`	447,216	331,755	248,618	178,028	140,709	79,327	155,697	127,416	100,740	89,289	70,064	26,571	2,889	74,098	88,094	-367,937	96,916	94,958	88,400	269,352
Appropriation of the result
`9906`	461,927	346,467	263,330	192,740	154,712	93,003	163,676	127,979	110,563	89,822	70,534	29,969	3,398	70,508	-3,590	-366,684	101,253	104,337	159,379	191,580
`14P`	14,712	14,712	14,712	14,712	14,003	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	150,000	120,000	60,000	-	-	-	-	-	-	-	-	-	-	-	-	275,000	-	-	-	-
`691/2`	447,000	331,755	248,618	178,028	140,000	79,000	150,000	120,000	110,000	80,000	70,000	29,500	-	70,000	-	-	-	100,000	150,000	180,000
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,000
`6921`	447,000	331,755	248,618	178,028	140,000	79,000	150,000	120,000	110,000	80,000	70,000	29,500	-	70,000	-	-	-	100,000	150,000	140,000
`694/7`	150,000	120,000	60,000	-	-	-	-	-	-	-	-	-	-	-	-	-	100,000	-	-	-
`694`	150,000	120,000	60,000	-	-	-	-	-	-	-	-	-	-	-	-	-	100,000	-	-	-
Social balance sheet
`9087`	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 4 older financial years (2002-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 02-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	02-07-2026	2026-00236930	PDF
31-12-2024	abbreviated format	22-08-2025	2025-00391958	PDF
31-12-2023	micro format	08-07-2024	2024-00219237	PDF
31-12-2022	micro format	28-07-2023	2023-00292466	PDF
31-12-2021	micro format	28-07-2022	2022-20234870	PDF
31-12-2020	micro format	17-08-2021	2021-48900594	PDF
31-12-2019	micro format	27-08-2020	2020-45000369	PDF
31-12-2018	abbreviated format	29-08-2019	2019-53500065	PDF
31-12-2017	abbreviated format	31-08-2018	2018-54800048	PDF
31-12-2016	abbreviated format	21-09-2017	2017-61400367	PDF
31-12-2015	abbreviated format	31-08-2016	2016-51400102	PDF
31-12-2014	abbreviated format	18-09-2015	2015-58900239	PDF
31-12-2013	abbreviated format	19-09-2014	2014-58900222	PDF
31-12-2012	abbreviated format	28-08-2013	2013-47300054	PDF
31-12-2011	abbreviated format	23-08-2012	2012-43200336	PDF
31-12-2010	abbreviated format	30-08-2011	2011-45800146	PDF
31-12-2009	abbreviated format	25-08-2010	2010-43800480	PDF
31-12-2008	abbreviated format	28-08-2009	2009-65300167	PDF
31-12-2007	abbreviated format	26-06-2008	2008-30000005	PDF
31-12-2006	abbreviated format	18-07-2007	2007-42600093	PDF
31-03-2005	abbreviated format	17-10-2005	2005-82801472	PDF
31-03-2004	abbreviated format	30-09-2004	2004-70000734	PDF
31-03-2003	abbreviated format	25-09-2003	2003-69002591	PDF
31-03-2002	abbreviated format	03-10-2002	2002-62501256	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
557,307	479,718	394,842	310,518	286,807	277,655	262,029	222,743	242,176	190,268	160,110	114,938	96,236	187,282	362,154	222,762	204,567	198,550	203,643	348,832
486,143	369,091	287,117	214,571	205,536	229,016	180,336	153,070	162,485	137,898	116,901	75,655	52,503	122,329	308,201	-334,820	133,531	129,388	111,589	315,860
1,713	0	5,872	28,698	10,531	1.3m	2,446	0	705	68,088	9,665	16,359	193,577	72,901	395,887	3,482	9,160	-30,000	30,000	21,799
100,350	-133,842	-47,921	-633,463	128,553	-220,564	211,807	108,069	237,215	104,686	58,458	-15,452	100,021	-72,641	-117,077	106,659	242,753	47,009	-190,002	-
1.6m	1.3m	1.1m	965,253	843,512	730,924	1.0m	862,024	711,070	499,342	464,956	393,685	370,407	376,038	329,356	419,063	221,912	-39,726	-221,508	-98,942
75.8%	71.5%	65.8%	58.3%	56.4%	52.0%	80.2%	78.6%	75.5%	63.9%	56.8%	52.3%	48.6%	58.7%	55.1%	36.3%	57.5%	65.6%	60.0%	59.7%
9.24	8.42	6.21	3.97	5.35	5.03	14.18	15.05	11.35	10.76	6.62	6.24	5.19	11.79	12.98	10.56	2.48	0.85	0.28	0.73
0.23	0.30	0.41	0.59	0.63	0.76	0.07	0.06	0.08	0.12	0.24	0.32	0.43	0.07	0.07	0.23	0.27	0.49	0.67	0.67
20.4%	17.4%	14.7%	11.8%	10.6%	6.7%	14.1%	13.4%	15.7%	12.9%	11.6%	5.0%	0.6%	14.7%	50.9%	-174.5%	16.7%	16.3%	18.2%	45.5%
15.5%	12.5%	9.7%	6.9%	6.0%	3.5%	11.3%	10.6%	11.9%	8.2%	6.6%	2.6%	0.3%	8.6%	28.1%	-63.3%	9.6%	10.7%	10.9%	27.2%
25.76	21.80	16.76	13.63	12.92	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€1,713	-	€5,872	€28,698	€10,531
	€38,172	€38,256	€39,363	€37,406	€65,847

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on CARMA

The operating result for 2025 is 18% higher than in 2024 and the highest since 2006. It is the fifth rise in a row, after the fall in 2020.

Debt's share of the balance-sheet total falls from 21.7% to 17.8%. Equity is higher and debt is lower.

Board & ownership

Board

1 director, last change in 2023

Carine Huysveld

Director

since 17-08-2000 term without a fixed end

earlier manager, until 01-12-2023

listed in the 2025 annual accounts, filed on 02-07-2026

Signing authority: Each director alone
deed of 01-12-2023

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Carine Huysveld
Director

BoardEarliermandate already running before its first mention

Mandates as a list

Carine Huysveld
- Director, from 17-08-2000 to date
- Manager, until 01-12-2023

See the board, name and registered office on a given date →

Control

Shareholder

Carine Huysveld

Source: own accounts 2024

share not stated

This company

CARMA

Equity €2.2m

Profit €447,971 in 2025

Capital

Contribution: €262,500
Source: 2025 annual accounts

Articles of association

deed of 01-12-2023 (in Dutch)

Duration: Unlimited
Board rule: At least 1 director
Annual meeting: Second Tuesday of June at 18:00

Network & group

Holdings

own 2024 accounts, the bar shows equity in euros

This companyCARMA1 holding, 1 country 2024 accounts

Belgium 1 Equity Result

BE Attentia15.76% €47.7m result €5.5m

Source: list of holdings in its own 2024 accounts. Every holding stands with its own latest accounts.

At the same address

Grotenbergestraat 49, 9620 Zottegem · 1 other company

ELLIPS-ADVOCATEN

registered office since 21-12-2018 · founded in 2018

total assets €99,880 (2025)

0716.787.042

Holdings and subsidiaries

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Former holdings (1)

ATTENTIA
Equity €3.3mResult €985,930
Sourceown accounts 2024

15.76%

Board mandates elsewhere

7 board mandates

Board mandates of CARMACARMA sits on their board7

ATTENTIA Prévention & Protection

Director · 13 locations

Founded in 1967 · 312 FTE (2025)

ATTENTIA

Director, Managing director · 2 locations

Founded in 1998 · 180 FTE (2025)

Attentia Corporate

Director · 3 locations

Founded in 1951 · 57 FTE (2025)

ATTENTIA Invest

Manager, Director, Managing director

Founded in 1981 · total assets €53.5m (2025)

ATTENTIA, Secrétariat social interprofessionnel Agréé

Director · 8 locations

Founded in 1945 · 114 FTE (2025)

Wortell Belgium

Director

Founded in 2006 · 48 FTE (2025)

Show 1 more

Attentia Aviation Medical

Manager, Director

Founded in 2007 · 6.4 FTE (2025)

Connections & network

1 current director

Depth

The board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.

This company Company Director Shareholding +N: links not shown yet

Timeline

35 events since 2000

Board

Filings

Financial

Establishments

200020052010201520202025

Deadline for the 2026 accounts: 31-07-2027

2026

02-07-2026

Annual accounts 2025 filed NBBmicro format · 29 days before the deadline

2025

31-12-2025

Highest result from 2006 to 2025 net €447,971 ▲35.4% The operating result of €519,135 and the net result of €447,971 are both a record.

31-12-2025

Equity above €2m equity €2.2m ▲15.7% After 15 profitable years in a row, equity reaches €2.2m.

14-11-2025

Registered in the Peppol Directory Reachable for e-invoices through 0208:0472647643

22-08-2025

Annual accounts 2024 filed PDFabbreviated format · 22 days late

2024

08-07-2024

Annual accounts 2023 filed PDFmicro format · 23 days before the deadline

2023

01-12-2023

Change of role: HUYSVELD Carine, from manager to directorDirector discharge: HUYSVELD Carine5 points ▸

Power of attorney, Carmen de Vuyst (geassocieerde notarissen te zottegem)
Power of attorney, Kristof Berlengé (geassocieerde notarissen te zottegem)
Director resignation, HUYSVELD Carine (manager)
Director appointment, HUYSVELD Carine
Director discharge, HUYSVELD Carine
The deed holds 6 more points.

Open the deed in the Belgian Official Gazette

28-07-2023

Annual accounts 2022 filed PDFmicro format · 3 days before the deadline

2022

28-07-2022

Annual accounts 2021 filed PDFmicro format · 3 days before the deadline

2021

17-08-2021

Annual accounts 2020 filed PDFmicro format · 17 days late

2020

27-08-2020

Annual accounts 2019 filed PDFmicro format · 27 days late

2019

31-12-2019

Equity above €1m equity €1.1m ▲16.4% After 9 profitable years in a row, equity reaches €1.1m.

29-08-2019

Annual accounts 2018 filed PDFabbreviated format · 29 days late

2018

31-08-2018

Annual accounts 2017 filed PDFabbreviated format · 31 days late

2017

21-09-2017

Annual accounts 2016 filed PDFabbreviated format · 52 days late

2016

31-08-2016

Annual accounts 2015 filed PDFabbreviated format · 31 days late

2015

18-09-2015

Annual accounts 2014 filed PDFabbreviated format · 49 days late

2014

19-09-2014

Annual accounts 2013 filed PDFabbreviated format · 50 days late

2013

28-08-2013

Annual accounts 2012 filed PDFabbreviated format · 28 days late

2012

23-08-2012

Annual accounts 2011 filed PDFabbreviated format · 23 days late

2011

31-12-2011

Back to profit net €218,594 The net result is €218,594, after one loss-making year.

30-08-2011

Annual accounts 2010 filed PDFabbreviated format · 30 days late

2010

31-12-2010

Weakest financial year net -€367,937 The net result drops to -€367,937, the lowest from 2006 to 2025. It recovers the following year.

31-12-2010

Liquidity more than quadruples current ratio 10.56 The current ratio rises from 2.48 to 10.56. Short-term debt falls from €150,304 to €43,854.

25-08-2010

Annual accounts 2009 filed PDFabbreviated format · 25 days late

2009

31-12-2009

Liquidity more than doubled current ratio 2.48 The current ratio rises from 0.85 to 2.48. Short-term debt falls from €264,238 to €150,304.

28-08-2009

Annual accounts 2008 filed PDFabbreviated format · 28 days late

2008

26-06-2008

Annual accounts 2007 filed PDFabbreviated format · 35 days before the deadline

2007

18-07-2007

Annual accounts 2006 filed PDFabbreviated format · 13 days before the deadline

2005

17-10-2005

Annual accounts 2005 filed PDFabbreviated format

2004

30-09-2004

Annual accounts 2004 filed PDFabbreviated format

2003

25-09-2003

Annual accounts 2003 filed PDFabbreviated format

2002

03-10-2002

Annual accounts 2002 filed PDFabbreviated format

2000

14-11-2000

First establishment Grotenbergestraat 49, Zottegem

31-08-2000

Incorporation published on 09-09-2000

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official Gazette Filings with the National Bank

History

CARMA was incorporated on 31 August 2000.¹ Total assets rose from €1.2m in 2018 to €2.9m in 2025.²

Company details

Identity

Enterprise number: 0472.647.643
VAT number: BE 0472.647.643
Peppol ID: 0208:0472647643
Other Peppol ID: 9925:BE0472647643
Legal form: Private limited company
Status: Active, normal situation
Founded: 31-08-2000
Financial year: ends on 31 December
Annual meeting: Second Tuesday of June at 18:00
deed of 01-12-2023 (in Dutch)
Peppol: Reachable since 14-11-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name: CARMA in Dutch
Entity type: Legal entity
Duration: Unlimited
deed of 01-12-2023 (in Dutch)
Registered office clause: “Vlaams Gewest”
deed of 01-12-2023 (in Dutch)

Activities

NACEBEL 2025

62200 Computer consultancy and computer facilities management main activity

Codes under NACEBEL 2008

62020 IT consultancy main activity

Codes under NACEBEL 2003

72100 main activity

Purpose: “Beleggingen en beheer van vermogens, gaande van onroerende goederen en rechten tot roerende goederen en kapitalen, dit alles hetzij voor…”
5 activities
Beleggingen en beheer van vermogens, gaande van onroerende goederen en rechten tot roerende goederen en kapitalen, dit alles hetzij voor eigen rekening, hetzij voor rekening van derden of in deelname met derden; deze aanduiding en opsomming zijn niet beperkend doch enkel van aanwijzende aard en te begrijpen in de ruimste zin. De verrichtingen die door de wet van zes april negentienhonderd vijfennegentig zijn voorbehouden aan de beleggingsondernemingen, de bemiddelaars en de beleggingsadviseurs zijn de vennootschap verboden;
Het verlenen van allerlei diensten en technische bijstand op het vlak van management en marketing.
Zij kan deelnemen in of zich op een andere wijze interesseren aan andere vennootschappen, ondernemingen, groeperingen of organisaties. Zij mag zich hiervoor borg stellen of aval verlenen, voorschotten en kredieten toestaan, hypothecaire of andere waarborgen verstrekken. Zij mag ook de functie van bestuurder of vereffenaar in andere vennootschappen uitoefenen.
In het algemeen mag zij alle verrichtingen uitvoeren die nodig of dienstig zijn voor de verwezenlijking van haar voorwerp en dit zowel in België als in het buitenland.
De aankoop, de verkoop, het doen bouwen, het doen verbouwen, het huren, het verhuren, het beheren, het inrichten en het uitbaten van onroerende goederen voor eigen rekening, zo ruim mogelijk opgevat. De vennootschap kan dit financieren met eigen middelen of door middel van leningen
deed of 01-12-2023 (in Dutch)

Registered office and establishments

1 establishment

Establishment	Since	Unit number
Grotenbergestraat 49 registered office 9620 Zottegem 7311001 Advertising agencies	14-11-2000	2.097.644.202

Buildings and parcels at the address

Ground area: 1,523 m²
Buildings: 167 m²
Volume, LiDAR: 1,502 m³
Tallest building: 12.9 m

Buildings to scale, each on its own parcel

registered office establishment The establishment unit on the map

2 companies at this address See who is registered here

Parcels

Cadastral parcel	Area	Buildings	Height / floors
41081A0660/00Z002	1,523 m²	1 · 167 m²	12.9 m · 3

Overview

Lifetime

Key points

Equity

Filings

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on CARMA

Financials

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency75.8%

Current ratio9.24

Return on assets15.5%

Filed annual accounts

Filings

Key figures and ratios

Investments

Insights on CARMA

Board & ownership

Board

Mandates through the years

Control

Capital

Articles of association

Network & group

Holdings

Belgium 1 Equity Result

At the same address

Holdings and subsidiaries

Holdings 0

Board mandates elsewhere

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

in €m

in euro

75.8%

9.24

15.5%