Checked.be
Active
BE 0886.906.038Private limited company
CARMAVER
Moerhoflaan 21 ·2970 Schilde, Belgium· 19 yrs active
Sector: Business and other management consultancy
(70200)
Conclusion
CARMAVER has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €360k and a net result of €41k. Equity is growing by ~7.7% per year across the filed fiscal years. Its solvency ranks better than 56% of 10130 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €360k |
| Net result | €41k |
| Better than sector | 56% |
| Active | 19 yrs |
Financial profile
86
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
93
Profitability
58
Solvency
99
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2007, 19 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
93
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€35k
estimate, not credit advice
Score history
75
2018
83
2019
83
2020
93
2021
100
2022
93
2023
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.68 (≥ 1.5)
+10
Quick ratio
Quick ratio 2.68 (≥ 1.0)
+5
Leverage
Debt/equity 0.59 (< 1.0)
+10
Profitability
ROE 12% (≥ 10%)
+10
Interest coverage
Interest coverage 6.9× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview
Annual accounts filed on 26-07-2024 with the NBB · fiscal year 2023 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~7.7%/year over 6 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2023 · NACE 70, Activities of head offices; management consultancy activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 62.8% | 58.5% | |
| Net result | €41k | €27k | |
| Equity | €360k | €52k | |
| Gross operating margin | €68k | €46k | |
| Total assets | €573k | €107k |
€67k
+1.1%
18-23
€41k
-12.9%
18-23
€43k
-11.8%
18-23
€573k
+11.1%
18-23
€360k
+13.0%
18-23
€358k
+13.4%
18-23
€16k
-0.9%
18-23
€0
-100.0%
18-23
€213k
+8.1%
18-23
€213k
+8.6%
18-23
2.68
+2.8%
18-23
2.68
+2.8%
18-23
62.8%
+1.7%
18-23
0.59
-4.4%
18-23
11.5%
-22.9%
18-23
7.2%
-21.6%
18-23
6.91
-45.4%
18-23
Figures by fiscal year and ratios
| Fiscal year | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €67k | €66k | €66k | €81k | €61k |
| Net profit | €41k | €48k | €47k | €51k | €45k |
| Cash flow | €43k | €49k | €49k | €59k | €54k |
| Staff costs | - | - | - | - | - |
| Income taxes | €16k | €16k | €15k | €24k | €14k |
| Dividends | €0 | €36k | €28k | €26k | €11k |
| Total assets | €573k | €516k | €465k | €411k | €366k |
| Equity | €360k | €318k | €306k | €293k | €268k |
| Debt | €213k | €197k | €159k | €118k | €99k |
| of which ≤ 1y | €213k | €196k | €159k | €118k | €99k |
| of which > 1y | - | - | - | - | - |
| Working capital | €358k | €315k | €304k | €290k | €256k |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Current ratio | 2.68 | 2.61 | 2.91 | 3.44 | 3.60 |
| Quick ratio | 2.68 | 2.61 | 2.91 | 3.44 | 3.60 |
| Working capital ratio | 62.4% | 61.1% | 65.4% | 70.4% | 69.9% |
| Solvency | 62.8% | 61.7% | 65.9% | 71.2% | 73.1% |
| Debt / equity | 0.59 | 0.62 | 0.52 | - | - |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 6.91 | 12.66 | 17.38 | - | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 7.2% | 9.2% | 10.2% | 12.4% | 12.3% |
| ROE | 11.5% | 15.0% | 15.5% | 17.4% | 16.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2023
Full annual accounts (23 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €573k | €516k | €465k | €411k | €366k |
| Fixed assets | 21/28 | €2k | €4k | €2k | €3k | €12k |
| Tangible fixed assets | 22/27 | €2k | €4k | €2k | €3k | €12k |
| Current assets | 29/58 | €571k | €512k | €463k | €408k | €354k |
| Amounts receivable within one year | 40/41 | €5k | €27k | €19k | €11k | €12k |
| Investments | 50/53 | €128k | €127k | €124k | €103k | €99k |
| Cash & bank | 54/58 | €437k | €354k | €320k | €295k | €243k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €573k | €516k | €465k | €411k | €366k |
| Equity | 10/15 | €360k | €318k | €306k | €293k | €268k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | - | €19k |
| Reserves | 13 | €341k | €300k | €288k | €274k | €249k |
| Accumulated profits (losses) | 14 | €0 | - | - | - | - |
| Amounts payable | 17/49 | €213k | €197k | €159k | €118k | €99k |
| Amounts payable within one year | 42/48 | €213k | €196k | €159k | €118k | €99k |
| Trade debts payable within one year | 44 | €7k | €2k | €11k | €4k | €10k |
| Income statement | ||||||
| Gross operating margin | 9900 | €68k | €67k | €67k | €83k | €63k |
| Operating result | 9901 | €65k | €65k | €65k | €73k | €53k |
| Financial income | 75 | €2k | €5k | €2k | €5k | €49 |
| Financial charges | 65 | €10k | €5k | €4k | €3k | €-6k |
| Result before taxes | 9903 | €58k | €64k | €63k | €75k | €59k |
| Income taxes | 67/77 | €16k | €16k | €15k | €24k | €14k |
| Net result for the period | 9904 | €41k | €48k | €47k | €51k | €45k |
| Result to be appropriated | 9905 | €41k | €47k | €47k | €51k | €45k |
Legal Structure
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 01-02-2007 |
| Status | Active |
| Postal code | 2970 |
Establishment units
CARMAVER
since 20082.171.984.012
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11039D0318/00H000 | Flanders | 1,391 m² | 1 · 152 m² | 6.8 m · 1 fl. |
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.
Updates
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 23 days late
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Highest result since 2018net €51k ▲12.6%
Operating result €73k, net result €51k, both a record.
25-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
19-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 30 days late
2015
10-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Business and other management consultancy70200Business consulting70220Holdings64200Activities of holding companies64210Other business support services82990
Names & trade names
| Legal nameNL | CARMAVER |
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