Financials
- Fiscal year
- 2025
- Total assets
- €348,862
- Loss
- -€23,492
- Solvency
- 34.3%
Total assets▼ 6.7%
Net result
20212025
CARMUST
ActiveSummary
CARMUST has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €119,788 and a net result of -€23,492. Equity is growing by ~54.5% per year across the filed fiscal years. Its solvency ranks better than 50% of 20110 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
What they do
Retail sale of cars and light vans (up to 3.5 tonnes)
NACE 47811NACE 45113
1 site
How big
€348,862total assets 2025
- Equity
- €119,788
- Loss
- -€23,492
Who decides
- Board
- 1 member
Accounts filed 5 d late1 of 2 deeds read
Why 67- Loss of €23,492, the second in a row (FY 2025)- Founded in 2020- Sector Retail trade (NACE 47)+ Size: total assets €348,862Show the evidence
Checked score
Score 2025
67
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 29% of its sector peers (NACE 47, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
59-4
equity 34.3% of total assets
Liquidity
30+6
short-term debt 65.7% · cash 11.7%
Profitability
10+3
return on assets -6.7%
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Loss of €23,492, the second in a row (FY 2025) raises the probability
- Size: total assets €348,862 lowers the probability for this profile
- Founded in 2020 raises the probability for this profile
- Sector Retail trade (NACE 47) raises the probability
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.51 against 1.61 in 2024; short-term debt: 65.7% and cash: 11.7% of total assets), but 65.7% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 47, micro). Better than this share of them on solvency 50%, liquidity 27%, profitability 17%, growth against the median 21%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
2122232425
2021 to 2025 · latest year -€23,492
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 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 · 5 filingsDeviation from the deadline
2025
5 d late
2024
18 d early
2023
16 d early
2022
29 d late
2021
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 6 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 5 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Resignation: Frankenne Benoit (director)Appointment: Panza Giuseppe (director)
- Annual accounts filedfiscal year 2024 · full…
Key points
By topic
Board & ownership
- Board
- 1 member
Go to Board & ownership
Timeline
- Events
- 9
- Since
- 2022
- Next accounts
- by 31-07-2027
- 05-08-2026Annual accounts filed
- 18-06-2026Resignation: Frankenne Benoit (director)
- 13-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company
- Activity
- Retail sale of cars and light vans (up…NACE 47811
- Founded
- 05-11-2020
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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