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CARMINIS

Active
Private limited company (pre-2019)founded 20179 yrs activeRue de l' Arbre à l'Ecaille(L) 2, 7900 Leuze-en-Hainaut, BelgiumKBO/BCE: BE 0677.880.144
Summary

The computed 12-month bankruptcy probability of CARMINIS is 3.0% (moderate). For CARMINIS, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show equity of €21,693 and a net result of €855. Equity is growing by ~3.7% per year across the filed fiscal years. The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability81▲+9
Solvency85▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
3.0% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2021
Solvency, return and age of the figures
Solvency
59.7%
Return on assets
2.4%
Age of the figures
57 mo
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filings
Position against the passed deadline
31-12-2022 close31-07-2023 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 19-08-2022, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filings
Deviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
19 d late
2020
59 d late
2018
237 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 105 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

CARMINIS was incorporated on 4 July 2017.1 Revenue fell from EUR 57,485 in 2018 to EUR 14,581 in 2021.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2021

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Financials · fiscal year 2021, full schema

Turnover
€14,581▼ 22.0%
2020 · €18,700
EBIT margin
10.4%▲ 5.8pp
2020 · 4.7%
Net result
€855▼ 1.7%
2020 · €870
Working capital
€5,194
2020 · -€1,162
Trend over the years
In euros
In per cent
In euros
No line ticked in this group.
In per cent
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line201820202021
Turnover€57,485-€18,700-€14,581▼ 22.0%
Operating result€792-€870-€1,519▲ 74.6%
Net result€782-€870-€855▼ 1.7%
EBIT margin1.4%-4.7%-10.4%▲ 5.8pp
Equity€19,382-€20,837-€21,693▲ 4.1%
Total assets€40,421-€36,076-€36,333▲ 0.7%
Debt€21,039-€15,239-€14,640▼ 3.9%
Working capital€18,952--€1,162-€5,194
Result per fiscal year
Operating resultNet result
€0€500€1,000€1,500Operating result 2018: €792€792Net result 2018: €782€782Operating result 2020: €870€870Net result 2020: €870€870Operating result 2021: €1,519€1,519Net result 2021: €855€855201820202021€0€500€1,000€1,500Operating result 2018: €792€792Net result 2018: €782€782Operating result 2020: €870€870Net result 2020: €870€870Operating result 2021: €1,519€1,520Net result 2021: €855€855201820202021
The operating result rises in 2021; 2021 is 75% above 2020 and is the highest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €36,333
Fixed assets €16,499 ▼ 25.0%
Current assets €19,834 ▲ 40.9%
Equity and liabilities €36,333
Equity €21,693 ▲ 4.1%
Debt €14,640 ▼ 3.9%
Debt's share of the balance-sheet total falls from 42.2% to 40.3%. Equity is higher and debt is lower.
Key figures and ratios
2021 value · change against 2020
EBITDA
€5,315▲
2020 · €4,995
Cash flow
€4,651▼
2020 · €4,995
Current ratio
1.35▲
2020 · 0.92
Debt to equity
0.67▼
2020 · 0.73
ROE
3.9%▼
2020 · 4.2%
ROA
2.4%▼
2020 · 2.4%
Interest coverage
31.18
Debt ≤ 1 year
€14,640▼
2020 · €15,239
Income taxes
€494
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2021 against 2020 · 38 lines
Balance sheet Code20202021
Assets
Total assets20/58€36,076€36,333▲
Fixed assets21/28€21,999€16,499▼
Tangible fixed assets22/27€21,999€16,499▼
Furniture and vehicles24€21,999€16,499▼
Current assets29/58€14,077€19,834▲
Amounts receivable within one year40/41€13,534€12,400▼
Other amounts receivable41€13,534€12,400▼
Cash at bank and in hand54/58€543€7,434▲
Equity and liabilities
Total equity and liabilities10/49€36,076€36,333▲
Equity10/15€20,837€21,693▲
Contributions10/11€18,600€18,600=
Capital10€18,600€18,600=
Issued capital100€18,600€18,600=
Reserves13€1,367€2,238▲
Non-distributable reserves130/1€1,367€1,860▲
Legal reserve130€1,367€1,860▲
Distributable reserves133-€378
Profit (loss) carried forward14€870€855▼
Amounts payable17/49€15,239€14,640▼
Amounts payable within one year42/48€15,239€14,640▼
Financial debts43€13,781€14,590▲
Credit institutions430/8€13,781€14,590▲
Trade debts44€1,458€50▼
Suppliers440/4€1,458€50▼
Income statement Code20202021
Turnover70€18,700€14,581▼
Non-recurring operating income76A€8,500€3,075▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4,125€3,796▼
Other operating charges640/8€22,205€12,341▼
Gross operating margin9900€27,200€17,656▼
Operating profit (loss)9901€870€1,519▲
Financial charges65/66B-€171
Recurring financial charges65-€171
Non-recurring financial charges66B-€171
Profit (loss) for the period before taxes9903€870€1,349▲
Income taxes67/77-€494
Profit (loss) for the period9904€870€855▼
Profit (loss) for the period to be appropriated9905€870€855▼
Appropriation of the result
Profit (loss) to be appropriated9906€870€855▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line201820202021Change
Turnover70€57,485€18,700€14,581▼ 22.0%
Non-recurring operating income76A-€8,500€3,075▼ 63.8%
Remuneration, social security and pensions62-€33,600---
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€4,125€3,796▼ 8.0%
Other operating charges640/8€32,808€22,205€12,341▼ 44.4%
Gross operating margin9900-€27,200€17,656▼ 35.1%
Operating profit (loss)9901€792€870€1,519▲ 74.6%
Financial charges65/66B€10-€171-
Recurring financial charges65€10-€171-
Non-recurring financial charges66B--€171-
Profit (loss) for the period before taxes9903€782€870€1,349▲ 55.0%
Income taxes67/77--€494-
Profit (loss) for the period9904€782€870€855▼ 1.7%
Profit (loss) for the period to be appropriated9905€782€870€855▼ 1.7%
Line201820202021Change
Assets
Total assets20/58€40,421€36,076€36,333▲ 0.7%
Fixed assets21/28€430€21,999€16,499▼ 25.0%
Intangible fixed assets21€430---
Tangible fixed assets22/27-€21,999€16,499▼ 25.0%
Furniture and vehicles24-€21,999€16,499▼ 25.0%
Current assets29/58€39,991€14,077€19,834▲ 40.9%
Amounts receivable within one year40/41€14,850€13,534€12,400▼ 8.4%
Trade receivables40€2,450---
Other amounts receivable41€12,400€13,534€12,400▼ 8.4%
Cash at bank and in hand54/58€25,141€543€7,434▲ 1,269%
Equity and liabilities
Total equity and liabilities10/49€40,421€36,076€36,333▲ 0.7%
Equity10/15€19,382€20,837€21,693▲ 4.1%
Contributions10/11€18,600€18,600€18,600=
Capital10€18,600€18,600€18,600=
Issued capital100€18,600€18,600€18,600=
Reserves13-€1,367€2,238▲ 63.7%
Non-distributable reserves130/1-€1,367€1,860▲ 36.1%
Legal reserve130-€1,367€1,860▲ 36.1%
Distributable reserves133--€378-
Profit (loss) carried forward14€782€870€855▼ 1.7%
Amounts payable17/49€21,039€15,239€14,640▼ 3.9%
Amounts payable within one year42/48€21,039€15,239€14,640▼ 3.9%
Financial debts43-€13,781€14,590▲ 5.9%
Credit institutions430/8-€13,781€14,590▲ 5.9%
Trade debts44€648€1,458€50▼ 96.6%
Suppliers440/4€648€1,458€50▼ 96.6%
Taxes, remuneration and social security45€20,391---
Remuneration and social security454/9€20,391---
Line201820202021Change
Profit (loss) for the period9904€782€870€855▼ 1.7%
+ Depreciation and write-downs630-€4,125€3,796▼ 8.0%
Operating cash flow (approximation)€782€4,995€4,651▼ 6.9%
Investment in fixed assets (approximation)--€1,704-
Change in cash--€6,891-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2022
19-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
28-09
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 59 days late
2020
31-12
Financial Highest result since 2018net €870 ▲11.3%
Net result €870, the highest in the series.
24-03
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 237 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
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.

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Directors · office · real estate

Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Leuze-en-Hainaut · 1 establishment unit since 2017
seat establishment The establishment unit on the map
Ground area
1,693 m²
Building footprint
244 m²
Volume, LiDAR
1,547 m³
Parcel 57048B0590/00V002, Wallonia · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CARMINIS
Rue de l' Arbre à l'Ecaille(L) 2, 7900 Leuze-en-HainautArts creation and performing arts activities
since 20172.268.065.282
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
57048B0590/00V002 Wallonia 1,693 m² 1 · 244 m² 9.2 m · 2 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.

Company details

Identification
Legal formPrivate limited company (pre-2019)
Founded04-07-2017
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

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