Carmen Immo
ActiveCarmen Immo has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109k and a net result of €-23k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 688 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33▼-1
Solvency38▼-4
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.12 in 2024; short-term debt: 8.5% and cash: 0% of total assets), and 86.6% 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 · 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-23k
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
31 d late
2023
28 d late
2022
29 d late
2021
30 d late
2020
31 d late
2019
61 d late
← 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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€109k▼ 17.7%
2024 · €132k
2018: €65k
2019: €66k
2020: €40k
2021: €40k
2022: €32k
2023: €156k
2024: €132k
2018 → 2025
Total assets
€816k▲ 6.8%
2024 · €764k
2018: €607k
2019: €585k
2020: €590k
2021: €611k
2022: €746k
2023: €806k
2024: €764k
2018 → 2025
Net result
€-23k▲ 1.2%
2024 · €-24k
2018: €3k
2019: €1k
2020: €-26k
2021: €98
2022: €-8k
2023: €124k
2024: €-24k
2018 → 2025
Working capital
€-68k▲ 13.1%
2024 · €-78k
2018: €-131k
2019: €-128k
2020: €-43k
2021: €-57k
2022: €-95k
2023: €-42k
2024: €-78k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€40k-€32k▼ 20.2%€156k▲ 389%€132k▼ 15.2%€109k▼ 17.7%
Operating result€9k-€10k▲ 9.7%€177k▲ 1,654%€-11k€-7k▲ 41.6%
Net result€98-€-8k€124k€-24k€-23k▲ 1.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €7k in 2025 against €11k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €816k
Fixed assets
€815k▲ 8.1%
Current assets
€2k▼ 84.3%
Equity and liabilities €816k
Equity
€109k▼ 17.7%
Provisions
€36k▼ 3.2%
Debt
€672k▲ 12.9%
The debt ratio rises from 77.9% to 82.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€38k▲
2024 · €31k
Cash flow
€22k▲
2024 · €19k
Solvency
13.4%▼
2024 · 17.3%
Current ratio
0.02▼
2024 · 0.12
Quick ratio
0.02▼
2024 · 0.12
Debt / equity
6.16▲
2024 · 4.50
ROE
-21.5%▼
2024 · -17.9%
ROA
-2.9%▲
2024 · -3.1%
Interest coverage
2.16▼
2024 · 2.32
Debt
€672k▲
2024 · €595k
Debt ≤ 1 year
€69k▼
2024 · €89k
Debt > 1 year
€601k▲
2024 · €507k
Income taxes
€176
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€764k€816k▲
Fixed assets21/28€754k€815k▲
Tangible fixed assets22/27€754k€815k▲
Land and buildings22€709k€781k▲
Furniture and vehicles24€17k€9k▼
Other tangible fixed assets26€28k€25k▼
Current assets29/58€11k€2k▼
Amounts receivable within one year40/41€400€330▼
Other amounts receivable41€400€330▼
Cash at bank and in hand54/58€199€337▲
Deferred charges and accrued income490/1€10k€1k▼
Equity and liabilities
Total equity and liabilities10/49€764k€816k▲
Equity10/15€132k€109k▼
Contributions10/11€62k€62k=
Capital10€62k€0▼
Issued capital100€62k€0▼
Outside capital11-€62k
Other1109/19-€62k
Reserves13€110k€107k▼
Non-distributable reserves130/1€214€214=
Legal reserve130€214€0▼
Reserves not available under the articles1311-€214
Tax-exempt reserves132€110k€107k▼
Profit (loss) carried forward14€-40k€-60k▼
Provisions and deferred taxes16€37k€36k▼
Deferred taxes168€37k€36k▼
Amounts payable17/49€595k€672k▲
Amounts payable after more than one year17€507k€601k▲
Financial debts170/4€507k€601k▲
Amounts payable within one year42/48€89k€69k▼
Current portion of amounts payable after more than one year42€33k€44k▲
Financial debts43€52€0▼
Credit institutions430/8€52€0▼
Trade debts44€12k€11k▼
Suppliers440/4€12k€11k▼
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€43k€12k▼
Accrued charges and deferred income492/3€6€1k▲
Income statement
Code20242025
Non-recurring operating income76A-€422
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€45k▲
Other operating charges640/8€6k€8k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€37k€48k▲
Operating profit (loss)9901€-11k€-7k▲
Financial income75/76B€1€47▲
Recurring financial income75€1€47▲
Financial charges65/66B€14k€18k▲
Recurring financial charges65€14k€18k▲
Profit (loss) for the period before taxes9903€-25k€-24k▲
Transfer from deferred taxes780€1k€1k=
Income taxes67/77-€176
Profit (loss) for the period9904€-24k€-23k▲
Transfer from tax-exempt reserves789€3k€3k=
Profit (loss) for the period to be appropriated9905€-20k€-20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-40k€-60k▼
Profit (loss) brought forward from the previous period14P€-20k€-40k▼
The notes to these accounts (12 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
19-08
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 2025-06-30
- Registered-office move, Chaussée du roi Baudouin 82 à 7030 Saint Symphorien
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial
Back to profitnet €124k
Net result €124k after one loss-making year.
31-12
Financial
Equity above €150kEq €156k ▲389%
Equity rises from €32k to €156k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €98
Net result €98 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-26k ▼2479%
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneState Gazette actNBB 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.
27-10-2025
DI GIUSEPPE, Massimo: Resigned as Director
27-10-2025
SAAVEDRA, Camille: Resigned as Director
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 2014
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.
Chaussée du Roi Baudouin 827030 MonsGround area
1,925 m²
Building footprint
540 m²
Volume, LiDAR
2,481 m³
2 parcels, Wallonia · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Carmen Immo
since 20142.346.854.226
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53404B0520/00S000 | Wallonia | 1,219 m² | 1 · 342 m² | 6.2 m · 1 fl. |
| 53071B0075/00A003 | Wallonia | 706 m² | 1 · 198 m² | 9.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 3,000 companies in sector 55203 we hold annual accounts for 690. 521 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-01-2014
Fiscal year end31-12
Activities, NACEBEL
55203Holiday cottages, homes and apartments
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:massimo2109@hotmail.com