CARMIN
ActiveSummary
The annual accounts of CARMIN for fiscal year 2025 show a net loss of 104% of total assets and of 74% of the equity at the start of that year. The 2025 annual accounts show equity of €5,834 and a net result of -€16,322. Equity is shrinking by ~50.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 56% of 14254 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.2% (low).
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Signals
This company filed its last 4 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 3,597 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 3,597 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,599 | €4,061 | €4,061 | €3,238 | ▼ 20.3% |
| Other operating charges640/8 | €854 | €512 | €515 | €527 | ▲ 2.4% |
| Gross operating margin9900 | €65,205 | -€9,445 | -€8,984 | -€12,186 | ▼ 35.6% |
| Operating profit (loss)9901 | €57,752 | -€14,018 | -€13,560 | -€15,951 | ▼ 17.6% |
| Financial charges65/66B | €540 | €239 | €216 | €230 | ▲ 6.8% |
| Recurring financial charges65 | €540 | €239 | €216 | €230 | ▲ 6.8% |
| Profit (loss) for the period before taxes9903 | €57,212 | -€14,258 | -€13,776 | -€16,181 | ▼ 17.5% |
| Income taxes67/77 | €11,718 | €177 | €128 | €141 | ▲ 10.1% |
| Profit (loss) for the period9904 | €45,494 | -€14,434 | -€13,904 | -€16,322 | ▼ 17.4% |
| Profit (loss) for the period to be appropriated9905 | €45,494 | -€14,434 | -€13,904 | -€16,322 | ▼ 17.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €75,954 | €62,761 | €31,207 | €15,719 | ▼ 49.6% |
| Fixed assets21/28 | €11,360 | €7,299 | €3,238 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €11,360 | €7,299 | €3,238 | €0 | ▼ 100% |
| Furniture and vehicles24 | €11,360 | €7,299 | €3,238 | €0 | ▼ 100% |
| Current assets29/58 | €64,593 | €55,462 | €27,970 | €15,719 | ▼ 43.8% |
| Amounts receivable within one year40/41 | €1,802 | €24,907 | €2,420 | €6,762 | ▲ 179% |
| Trade receivables40 | €1,802 | €24,907 | €2,420 | €6,578 | ▲ 172% |
| Other amounts receivable41 | - | - | - | €184 | - |
| Cash at bank and in hand54/58 | €62,540 | €30,298 | €24,970 | €8,580 | ▼ 65.6% |
| Deferred charges and accrued income490/1 | €251 | €257 | €580 | €377 | ▼ 35.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €75,954 | €62,761 | €31,207 | €15,719 | ▼ 49.6% |
| Equity10/15 | €50,494 | €36,060 | €22,156 | €5,834 | ▼ 73.7% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €45,494 | €31,060 | €17,156 | €834 | ▼ 95.1% |
| Amounts payable17/49 | €25,460 | €26,702 | €9,051 | €9,885 | ▲ 9.2% |
| Amounts payable after more than one year17 | €3,911 | €304 | €0 | - | - |
| Financial debts170/4 | €3,911 | €304 | €0 | - | - |
| Amounts payable within one year42/48 | €21,549 | €26,398 | €9,051 | €9,885 | ▲ 9.2% |
| Current portion of amounts payable after more than one year42 | €3,530 | €3,607 | €304 | €0 | ▼ 100% |
| Trade debts44 | €1,948 | €526 | €538 | €192 | ▼ 64.3% |
| Suppliers440/4 | €1,948 | €526 | €538 | €192 | ▼ 64.3% |
| Taxes, remuneration and social security45 | €16,070 | €22,083 | €8,210 | €9,693 | ▲ 18.1% |
| Taxes450/3 | €16,070 | €20,083 | €8,210 | €7,693 | ▼ 6.3% |
| Remuneration and social security454/9 | - | €2,000 | €0 | €2,000 | - |
| Other amounts payable47/48 | - | €182 | €0 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €45,494 | -€14,434 | -€13,904 | -€16,322 | ▼ 17.4% |
| + Depreciation and write-downs630 | €6,599 | €4,061 | €4,061 | €3,238 | ▼ 20.3% |
| Operating cash flow (approximation) | €52,093 | -€10,373 | -€9,842 | -€13,084 | ▼ 32.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - |
| Change in cash | - | -€32,242 | -€5,328 | -€16,390 | ▼ 208% |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92093A0242/00N000 | Wallonia | 222 m² | 1 · 104 m² | - |
Linked by address, not proof of ownership
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.