CARNEX
ActiveSummary
CARNEX has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €236,200 and a net result of €43,661. Equity is growing by ~51.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 9636 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▲+8
Solvency70▲+14
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity short (current ratio 0.96 against 0.6 in 2023; short-term debt: 28% and cash: 0.6% of total assets), and 54.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
on the day
2022
on the day
2021
5 d late
2020
32 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average on the deadline day; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#8 employer in Nijlen, Wholesale and retail trade sector
Equity
€236,200▲ 22.7%
2023 · €192,539
Total assets
€522,323▼ 15.0%
2023 · €614,723
Net result
€43,661▲ 86.2%
2023 · €23,447
Working capital
-€6,325▲ 93.1%
2023 · -€92,294
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€120,756▲ 769%€117,483▼ 2.7%€140,589▲ 19.7%€50,827▼ 63.8%€69,827▲ 37.4%
Net result€79,875within the sector's middle half€65,720within the sector's middle half▼ 17.7%€88,041within the sector's middle half▲ 34.0%€23,447within the sector's middle half▼ 73.4%€43,661within the sector's middle half▲ 86.2%
Equity€32,097below the sector's middle half€84,317below the sector's middle half▲ 163%€170,758within the sector's middle half▲ 103%€192,539within the sector's middle half▲ 12.8%€236,200within the sector's middle half▲ 22.7%
Total assets€485,825within the sector's middle half▲ 13.6%€514,506within the sector's middle half▲ 5.9%€545,261within the sector's middle half▲ 6.0%€614,723within the sector's middle half▲ 12.7%€522,323within the sector's middle half▼ 15.0%
Debt€453,728▲ 5.8%€430,189▼ 5.2%€374,503▼ 12.9%€422,184▲ 12.7%€286,123▼ 32.2%
Working capital-€63,931below the sector's middle half▲ 41.6%-€97,723below the sector's middle half▼ 52.9%-€41,566below the sector's middle half▲ 57.5%-€92,294below the sector's middle half▼ 122%-€6,325below the sector's middle half▲ 93.1%
Solvency6.6%below the sector's middle half▲ 6.9pp16.4%below the sector's middle half▲ 9.8pp31.3%within the sector's middle half▲ 14.9pp31.3%within the sector's middle half=45.2%within the sector's middle half▲ 13.9pp
Current ratio0.68below the sector's middle half▲ 0.300.46below the sector's middle half▼ 0.220.77below the sector's middle half▲ 0.310.60below the sector's middle half▼ 0.170.96below the sector's middle half▲ 0.35
Return on assets (ROA)16.4%above the sector's middle half▲ 16.9pp12.8%above the sector's middle half▼ 3.7pp16.1%above the sector's middle half▲ 3.4pp3.8%within the sector's middle half▼ 12.3pp8.4%within the sector's middle half▲ 4.5pp
Staff (FTE)3.4within the sector's middle half▲ 3.0%4.4within the sector's middle half▲ 29.4%5.1within the sector's middle half▲ 15.9%5.7within the sector's middle half▲ 11.8%5.3within the sector's middle half▼ 7.0%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
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 recovers in 2024; 2024 is 37% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €522,323
Fixed assets
€382,650 ▼ 19.4%
Current assets
€139,673 ▼ 0.2%
Equity and liabilities €522,323
Equity
€236,200 ▲ 22.7%
Debt
€286,123 ▼ 32.2%
Debt's share of the balance-sheet total falls from 68.7% to 54.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€125,152▲
2023 · €113,557
Cash flow
€98,986▲
2023 · €86,177
Quick ratio
0.78▲
2023 · 0.48
Debt to equity
1.21▼
2023 · 2.19
ROE
18.5%▲
2023 · 12.2%
Interest coverage
11.13▲
2023 · 5.64
Debt ≤ 1 year
€145,998▼
2023 · €232,212
Debt > 1 year
€140,126▼
2023 · €189,972
Income taxes
€18,429▲
2023 · €8,789
Staff costs
€214,507▲
2023 · €209,661
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 34,679 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,135 | - | - |
| Remuneration, social security and pensions62 | - | €118,539 | €163,454 | €209,661 | €214,507 | ▲ 2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70,519 | €49,057 | €42,944 | €62,730 | €55,325 | ▼ 11.8% |
| Other operating charges640/8 | - | €3,501 | €2,969 | €2,360 | €16,060 | ▲ 581% |
| Non-recurring operating charges66A | - | - | - | - | €1,000 | - |
| Gross operating margin9900 | €288,986 | €288,580 | €349,957 | €325,577 | €356,719 | ▲ 9.6% |
| Operating profit (loss)9901 | €120,756 | €117,483 | €140,589 | €50,827 | €69,827 | ▲ 37.4% |
| Financial income75/76B | - | €173 | €744 | €1,535 | €3,511 | ▲ 129% |
| Recurring financial income75 | €59 | €173 | €744 | €1,535 | €3,511 | ▲ 129% |
| Financial charges65/66B | - | €34,810 | €29,474 | €20,126 | €11,248 | ▼ 44.1% |
| Recurring financial charges65 | €31,325 | €34,810 | €29,474 | €20,126 | €11,248 | ▼ 44.1% |
| Profit (loss) for the period before taxes9903 | €89,489 | €82,846 | €111,860 | €32,236 | €62,090 | ▲ 92.6% |
| Income taxes67/77 | €9,614 | €17,126 | €23,818 | €8,789 | €18,429 | ▲ 110% |
| Profit (loss) for the period9904 | €79,875 | €65,720 | €88,041 | €23,447 | €43,661 | ▲ 86.2% |
| Profit (loss) for the period to be appropriated9905 | €79,875 | €65,720 | €88,041 | €23,447 | €43,661 | ▲ 86.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €485,825 | €514,506 | €545,261 | €614,723 | €522,323 | ▼ 15.0% |
| Fixed assets21/28 | €348,552 | €431,621 | €407,279 | €474,806 | €382,650 | ▼ 19.4% |
| Tangible fixed assets22/27 | €348,552 | €431,621 | €407,279 | €474,806 | €382,650 | ▼ 19.4% |
| Land and buildings22 | - | €327,151 | €295,945 | €326,206 | €289,364 | ▼ 11.3% |
| Plant, machinery and equipment23 | - | €95,380 | €106,654 | €99,012 | €83,971 | ▼ 15.2% |
| Furniture and vehicles24 | - | €2,890 | €1,580 | €1,850 | €1,850 | = |
| Leasing and similar rights25 | - | €6,200 | €3,100 | €47,738 | €7,465 | ▼ 84.4% |
| Current assets29/58 | €137,273 | €82,885 | €137,982 | €139,917 | €139,673 | ▼ 0.2% |
| Stocks and contracts in progress3 | €37,905 | €41,517 | €29,352 | €28,504 | €25,315 | ▼ 11.2% |
| Stocks30/36 | - | €41,517 | €29,352 | €28,504 | €25,315 | ▼ 11.2% |
| Amounts receivable within one year40/41 | €64,115 | €14,209 | €32,962 | €85,983 | €111,098 | ▲ 29.2% |
| Trade receivables40 | - | €1,113 | €10,000 | €36,288 | €36,967 | ▲ 1.9% |
| Other amounts receivable41 | - | €13,096 | €22,962 | €49,696 | €74,131 | ▲ 49.2% |
| Cash at bank and in hand54/58 | €35,252 | €27,159 | €75,668 | €25,430 | €3,260 | ▼ 87.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €485,825 | €514,506 | €545,261 | €614,723 | €522,323 | ▼ 15.0% |
| Equity10/15 | €32,097 | €84,317 | €170,758 | €192,539 | €236,200 | ▲ 22.7% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €25,897 | €78,117 | €164,558 | €186,339 | €230,000 | ▲ 23.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €76,257 | €162,698 | €184,479 | €228,140 | ▲ 23.7% |
| Profit (loss) carried forward14 | -€13,016 | - | - | - | - | - |
| Amounts payable17/49 | €453,728 | €430,189 | €374,503 | €422,184 | €286,123 | ▼ 32.2% |
| Amounts payable after more than one year17 | €252,524 | €249,581 | €194,955 | €189,972 | €140,126 | ▼ 26.2% |
| Financial debts170/4 | - | €244,461 | €189,835 | €184,852 | €135,006 | ▼ 27.0% |
| Other amounts payable178/9 | - | €5,120 | €5,120 | €5,120 | €5,120 | = |
| Amounts payable within one year42/48 | €201,204 | €180,608 | €179,549 | €232,212 | €145,998 | ▼ 37.1% |
| Current portion of amounts payable after more than one year42 | - | €58,278 | €55,246 | €39,796 | €22,518 | ▼ 43.4% |
| Trade debts44 | €60,507 | €49,728 | €70,476 | €115,867 | €75,097 | ▼ 35.2% |
| Suppliers440/4 | - | €49,728 | €70,476 | €115,867 | €75,097 | ▼ 35.2% |
| Taxes, remuneration and social security45 | - | €52,393 | €52,226 | €76,548 | €48,383 | ▼ 36.8% |
| Taxes450/3 | - | €27,031 | €24,778 | €13,105 | €12,627 | ▼ 3.6% |
| Remuneration and social security454/9 | - | €25,363 | €27,449 | €63,444 | €35,756 | ▼ 43.6% |
| Other amounts payable47/48 | - | €20,208 | €1,600 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €79,875 | €65,720 | €88,041 | €23,447 | €43,661 | ▲ 86.2% |
| + Depreciation and write-downs630 | €70,519 | €49,057 | €42,944 | €62,730 | €55,325 | ▼ 11.8% |
| Operating cash flow (approximation) | €150,394 | €114,776 | €130,985 | €86,177 | €98,986 | ▲ 14.9% |
| Investment in fixed assets (approximation) | - | -€132,125 | -€18,603 | -€130,256 | €36,830 | ▲ 128% |
| Change in cash | - | -€8,093 | €48,509 | -€50,238 | -€22,170 | ▲ 55.9% |
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 60 days late
2024
31-12
Financial
Equity above €200,000Eq €236,200 ▲22.7%
5 profitable years in a row build equity to €236,200.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €88,041 ▲34%
Operating result €140,589, net result €88,041, both a record.
31-12
Financial
Equity above €150,000Eq €170,758 ▲103%
3 profitable years in a row build equity to €170,758.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 5 days late
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €79,875
Net result €79,875 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€2,109
Net result drops to -€2,109, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
23-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Nijlen · 1 establishment unit since 2009
Ground area
90 m²
Building footprint
353 m²
Volume, LiDAR
1,638 m³
Parcel 12026D0265/00D002, Flanders · tallest building 10.6 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Kerkstraat 14B, 2560 Nijlen
since 20092.177.517.267
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12026D0265/00D002 | Flanders | 90 m² | 1 · 353 m² | 10.6 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 152 EUR awarded · 152 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 152 EUR | 152 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteNijlen2.177.517.267
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Of 3,043 companies in sector 47221 we hold annual accounts for 1,566. 1,256 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
47221Retail sale of meat and meat products, excluding game and poultry
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.