CARNIC

Active Public limited companyfounded 1997active for 29 yearsBovenhoekstraat 39, 9406 NinoveKBO/BCE: BE 0460.812.752 #10 company by total assets in Ninove, Real estate sector

CARNIC

Financial year 2025

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Annual accounts 2025

micro format, filed on 30-04-2026, on the day of the deadline

€1.0m

▲ 392%

€799,170

▲ €895,283

€967,473

▲ 13×

€750,017

▲ 25×

30.3%

▲ 11.5 percentage points

4.39

▲ 3.29

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €1.0m. Estimated: probably between €950,000 and €1.1m.

In the rankings #10 company by total assets in Ninove, Real estate sector

Money flows

no detail for 2025

Balance sheet

balance sheet total €3.7m on 30-09-2025

What the company ownsHow it is paid for

in €m

in euro

Position in the sector

Compare with sector

30.3%

Higher than 51% of 17,194 companies in 2025.

4.39

Higher than 83% of 16,491 companies in 2025.

15.9%

Higher than 82% of 16,870 companies in 2025.

CARNIC Middle half of the sector 80% of the sector Micro accounts in real estate (NACE 68)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Staff

Staff costs divided by the average number of full-time equivalents.

Blue and white collar

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
Balance sheet: assets
`20/58`	3.7m	3.1m	2.7m	2.2m	2.7m	2.8m	2.4m	2.4m	2.0m	2.2m	2.3m	1.3m	1.5m	2.0m	2.1m	2.2m	2.3m	2.2m	1.4m	934,266
`21/28`	2.7m	2.9m	2.2m	1.6m	1.8m	1.9m	2.1m	2.0m	1.8m	2.0m	1.8m	1.1m	1.3m	2.0m	2.1m	2.2m	2.3m	1.6m	1.3m	912,080
`22/27`	2.7m	2.9m	2.2m	1.6m	1.8m	1.9m	2.1m	2.0m	1.8m	2.0m	1.8m	1.1m	1.3m	1.9m	2.0m	2.1m	2.2m	1.6m	1.3m	882,327
`22`	2.7m	2.9m	2.2m	1.6m	1.8m	1.9m	2.0m	2.0m	1.8m	2.0m	1.8m	1.1m	1.3m	1.9m	2.0m	2.1m	2.2m	1.6m	1.3m	862,523
`23`	-	106	1,238	2,370	4,671	2,340	3,509	186	371	888	1,397	179	239	-	-	-	-	-	-	-
`24`	-	36	193	750	2,497	13,244	21,570	34,655	42,377	9,857	12,699	-	5,035	10,070	15,104	20,139	228	456	1,035	1,615
`26`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,753	18,189
`28`	-	-	-	-	-	-	-	-	-	-	-	-	-	29,753	29,753	29,753	29,753	29,753	29,753	29,753
`29/58`	947,315	236,315	448,709	601,026	918,365	887,533	359,783	408,162	143,872	242,143	511,412	184,073	195,101	20,298	21,684	29,534	17,613	613,840	29,853	22,186
`40/41`	758,338	158,575	275,728	169,024	432,218	284,014	155,724	35,191	93,370	11,826	18,537	16,109	17,150	10,728	9,236	8,930	5,301	611,136	13,584	12,931
`40`	-	495	77,500	-	-	501	-	179	84,552	1,853	13,149	11,568	12,912	6,609	5,270	5,272	270	575,000	13,439	11,389
`41`	758,338	158,080	198,228	169,024	432,218	283,513	155,724	35,012	8,818	9,973	5,388	4,541	4,238	4,119	3,966	3,658	5,031	36,136	145	1,542
`54/58`	175,114	70,516	160,831	422,690	477,325	594,018	194,473	372,971	50,502	230,234	492,610	167,964	12,951	9,570	12,448	20,604	12,312	2,704	16,269	9,255
`490/1`	13,863	7,224	12,150	9,312	8,822	9,501	9,586	-	-	83	265	-	165,000	-	-	-	-	-	-	-
Balance sheet: equity and liabilities
`10/49`	3.7m	3.1m	2.7m	2.2m	2.7m	2.8m	2.4m	2.4m	2.0m	2.2m	2.3m	1.3m	1.5m	2.0m	2.1m	2.2m	2.3m	2.2m	1.4m	934,266
`10/15`	1.1m	592,041	789,708	872,332	1.2m	1.2m	873,624	933,309	1.1m	1.2m	1.3m	544,528	492,273	97,659	100,614	127,353	163,383	311,501	-79,955	-4,265
`10/11`	396,475	396,475	396,475	396,475	396,475	396,475	364,923	364,923	364,923	364,923	364,923	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`10`	364,923	364,923	364,923	364,923	364,923	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`100`	364,923	364,923	364,923	364,923	364,923	364,923	364,923	364,923	364,923	364,923	364,923	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000	62,000
`11`	31,552	31,552	31,552	31,552	31,552	31,552	31,552	31,552	31,552	31,552	31,552	-	-	-	-	-	-	-	-	-
`1100/10`	31,552	31,552	31,552	31,552	31,552	31,552	31,552	31,552	31,552	31,552	31,552	-	-	-	-	-	-	-	-	-
`13`	1.0m	644,304	743,895	772,717	1.1m	1.1m	805,737	856,443	911,419	954,416	987,565	480,200	449,251	423,933	423,933	423,933	423,933	423,933	16,946	16,946
`130/1`	42,456	42,456	42,456	42,457	42,457	42,457	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`130`	42,456	42,456	42,456	42,457	42,457	42,457	42,457	42,457	42,457	42,456	42,968	6,200	6,197	6,197	6,197	6,197	6,197	6,197	6,197	6,197
`132`	952,733	502,867	602,460	631,281	655,292	679,303	359,483	410,189	465,165	508,163	546,311	463,251	432,305	406,987	406,987	406,987	406,987	406,987	-	-
`133`	34,348	98,980	98,979	98,979	449,060	414,576	403,797	403,797	403,797	403,797	398,286	10,749	10,749	10,749	10,749	10,749	10,749	10,749	10,749	10,749
`14`	-316,889	-448,737	-350,662	-296,860	-328,588	-328,588	-328,588	-319,609	-191,498	-157,730	-129,643	2,328	-18,978	-388,274	-385,319	-358,580	-322,550	-174,432	-158,901	-83,211
`16`	317,578	167,622	125,859	139,705	151,532	163,358	10,214	10,214	10,214	10,214	10,214	-	-	57,371	89,697	122,023	154,348	186,674	1,500	1,500
`160/5`	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500	1,500	1,500	1,500	1,500	1,500	1,500
`168`	317,578	167,622	125,859	139,705	151,532	163,358	10,214	10,214	10,214	10,214	10,214	-	-	55,871	88,197	120,523	152,848	185,174	-	-
`17/49`	2.2m	2.4m	1.7m	1.2m	1.3m	1.4m	1.5m	1.5m	866,780	1.0m	1.1m	740,829	1.0m	1.8m	1.9m	1.9m	2.0m	1.7m	1.4m	937,031
`17`	2.0m	2.2m	1.5m	1.0m	1.1m	1.2m	1.3m	1.2m	538,944	605,856	428,155	142,311	347,148	792,400	874,048	955,531	1.0m	1.1m	966,795	582,685
`170/4`	2.0m	2.2m	1.5m	1.0m	1.1m	1.2m	1.3m	1.2m	538,944	605,856	428,155	142,311	347,148	792,400	874,048	955,531	1.0m	1.1m	966,795	582,685
`42/48`	215,811	214,593	146,184	138,767	130,376	149,515	169,277	175,465	248,399	326,717	560,238	548,724	671,377	1.0m	1.0m	977,011	927,505	637,252	473,761	347,679
`42`	137,331	133,527	101,725	92,386	89,795	87,281	117,921	101,910	67,749	69,612	59,815	24,421	42,773	81,648	81,483	81,325	77,463	97,213	70,963	74,478
`44`	958	44,560	8,220	10,192	2,002	25,470	14,578	8,243	18,280	3,552	11,827	9,679	8,705	8,453	8,639	10,019	10,277	49,001	25,091	14,280
`440/4`	958	44,560	8,220	10,192	2,002	25,470	14,578	8,243	18,280	3,552	11,827	9,679	8,705	8,453	8,639	10,019	10,277	49,001	25,091	14,280
`45`	15	297	548	518	3,935	1,775	491	769	1,625	9,067	87,542	1,521	106	115	-	2,008	1,391	793	524	259
`450/3`	15	297	548	518	3,935	1,775	491	769	733	7,653	86,479	517	106	115	-	2,008	1,391	793	524	259
`454/9`	-	-	-	-	-	-	-	-	892	1,414	1,063	1,004	-	-	-	-	-	-	-	-
`47/48`	77,507	36,208	35,691	35,671	34,644	34,989	36,287	64,543	160,745	244,486	401,054	513,103	619,793	917,948	912,107	883,659	838,374	490,245	377,183	258,662
`492/3`	-	15,033	79,438	79,437	79,437	79,437	79,437	79,437	79,437	75,128	65,986	49,794	27,350	22,500	22,500	16,500	9,000	8,667	8,216	6,667
Income statement
`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,314
`76A`	710,397	-	-	-	-	517,729	-	5,785	-	-	144,217	127,609	400,933	-	-	4,132	-	-	-	124
`9900`	1.0m	204,066	172,027	167,878	191,754	687,302	192,750	161,399	176,625	109,881	63,621	54,847	77,209	148,444	124,964	107,655	70,741	77,259	48,407	57,989
`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,298
`62`	-	-	-	-	-	-109	648	14,627	17,610	16,390	12,466	9,400	-	-	-	-	-	-	-	-
`630`	168,303	171,720	212,690	128,847	145,647	162,514	203,481	281,336	164,415	118,645	81,158	66,872	79,481	115,586	114,988	114,541	187,879	87,086	75,885	54,751
`635/8`	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500	1,500	1,500	1,500	1,500	1,500	1,500
`640/8`	35,661	128,458	25,559	26,139	25,558	25,006	18,923	20,980	42,823	4,669	10,529	9,942	12,842	25,973	17,426	6,960	14,057	11,669	11,887	11,872
`9901`	799,170	-96,112	-66,222	12,892	20,549	499,891	-30,302	-155,544	-48,223	-29,823	-40,532	-31,367	-15,114	5,385	-8,950	-15,346	-132,695	-22,996	-40,865	-10,134
`75/76B`	10,068	10,469	9,542	13,614	14,713	20,947	7,703	15,622	89	464	1,203	411	591	160	329	413	14,179	9,295	35	192
`75`	10,068	10,469	9,542	13,614	14,713	20,947	7,703	290	89	464	1,203	411	591	160	329	413	14,179	9,295	35	192
`76B`	-	-	-	-	-	-	-	15,332	-	-	-	-	-	-	-	-	-	-	-	-
`65/66B`	77,280	69,963	39,242	30,097	32,680	35,320	36,595	42,396	25,472	26,411	28,816	43,860	47,561	40,711	50,444	57,555	61,928	56,184	34,860	25,151
`65`	77,280	69,963	39,242	30,097	32,680	35,320	36,595	42,396	25,472	26,411	28,816	43,860	47,561	40,711	50,444	57,555	61,928	56,184	34,860	25,151
`9903`	731,959	-155,606	-95,922	-3,591	2,582	485,518	-59,194	-182,318	-73,606	-55,770	76,072	52,793	338,849	-35,166	-59,065	-68,356	-180,444	-69,885	-75,690	-34,969
`780`	27,644	14,457	13,846	11,826	11,826	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`680`	177,599	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`67/77`	289	298	548	518	3,935	1,775	491	769	3,159	-160	40,280	537	106	115	-	-	-	-	-	-
`9904`	581,714	-141,447	-82,624	7,717	10,473	330,599	-59,685	-183,087	-76,765	-55,610	35,792	52,256	338,743	-35,281	-59,065	-68,356	-180,444	-69,885	-75,690	-34,969
`789`	82,931	43,372	28,822	24,011	24,011	44,765	50,706	54,976	42,997	27,523	82,273	96,662	196,918	32,326	32,326	32,326	32,326	54,354	-	-
`689`	532,797	-	-	-	-	364,585	-	-	-	-	144,217	127,609	166,365	-	-	-	-	-	-	-
`9905`	131,848	-98,075	-53,802	31,728	34,484	10,779	-8,979	-128,111	-33,768	-28,087	-26,152	21,309	369,296	-2,955	-26,739	-36,030	-148,118	-15,531	-75,690	-34,969
Appropriation of the result
`9906`	-316,889	-448,737	-350,662	-296,860	-294,104	-317,809	-328,588	-319,609	-191,498	-157,730	-23,824	2,331	-18,978	-388,274	-385,319	-358,580	-322,550	-174,432	-158,901	-83,211
`14P`	-448,737	-350,662	-296,860	-328,588	-328,588	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	64,632	-	-	350,081	-	-	-	-	-	-	258,631	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	34,484	10,779	-	-	-	-	364,450	3	-	-	-	-	-	-	-	-
`6920`	-	-	-	-	-	-	-	-	-	-	512	3	-	-	-	-	-	-	-	-
`6921`	-	-	-	-	34,484	10,779	-	-	-	-	363,938	-	-	-	-	-	-	-	-	-
`694/7`	64,632	-	-	350,081	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`694`	64,632	-	-	350,081	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	-	-	-	-	-	-	-	0.5	0.5	0.5	0.5	0.4	-	-	-	-	-	-	-	-
Hours worked`1013`	-	-	-	-	-	-	-	811	811	807	660	640	-	-	-	-	-	-	-	-
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The accounts for 8 older financial years (1998-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 30-04-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
30-09-2025	micro format	30-04-2026	2026-00096464	PDF
30-09-2024	micro format	30-04-2025	2025-00081570	PDF
30-09-2023	micro format	30-04-2024	2024-00074491	PDF
30-09-2022	micro format	31-03-2023	2023-00051605	PDF
30-09-2021	micro format	22-04-2022	2022-20006620	PDF
30-09-2020	micro format	29-04-2021	2021-12200312	PDF
30-09-2019	micro format	29-04-2020	2020-10600392	PDF
30-09-2018	micro format	02-05-2019	2019-12100417	PDF
30-09-2017	micro format	24-04-2018	2018-10400424	PDF
30-09-2016	abbreviated format	27-04-2017	2017-10600420	PDF
30-09-2015	abbreviated format	30-03-2016	2016-08200294	PDF
30-09-2014	abbreviated format	31-03-2015	2015-08600475	PDF
30-09-2013	abbreviated format	28-04-2014	2014-10600024	PDF
30-09-2012	abbreviated format	30-05-2013	2013-18100071	PDF
30-09-2011	abbreviated format	26-04-2012	2012-10100589	PDF
30-09-2010	abbreviated format	29-04-2011	2011-09700095	PDF
30-09-2009	abbreviated format	30-05-2010	2010-13500535	PDF
30-09-2008	abbreviated format	30-04-2009	2009-12700271	PDF
30-09-2007	abbreviated format	10-04-2008	2008-10300074	PDF
30-09-2006	abbreviated format	26-04-2007	2007-12800140	PDF
30-09-2005	abbreviated format	26-04-2006	2006-12201264	PDF
30-09-2004	abbreviated format	29-04-2005	2005-13702583	PDF
30-09-2003	abbreviated format	19-03-2004	2004-08001024	PDF
30-09-2002	abbreviated format	21-03-2003	2003-08004438	PDF
30-09-2001	abbreviated format	26-03-2002	2002-07703652	PDF
30-09-2000	abbreviated format	09-03-2001	2001-06203883	PDF
30-09-1999	abbreviated format	31-03-2000	2000-08402439	PDF
30-09-1998	abbreviated format	29-03-1999	1999-07001490	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006
967,473	75,608	146,468	141,739	166,196	662,405	173,179	125,792	116,192	88,822	40,626	35,505	64,367	120,971	106,038	99,195	55,184	64,090	35,020	44,617
750,017	30,273	130,066	136,564	156,120	493,113	143,796	98,249	87,650	63,035	116,950	119,128	418,224	80,305	55,923	46,185	7,435	17,201	195	19,782
22,798	876,020	774,334	8,000	4,528	23,715	265,115	1.0m	45,000	280,000	55,214	-174,891	299	5,978	13,508	29,754	844,423	437,233	504,269	12,406
104,598	-90,315	-261,859	-54,635	-116,693	399,545	-178,498	322,469	-179,732	-262,376	324,646	155,013	3,381	-2,878	-8,156	8,292	9,608	-13,565	7,014	-
731,504	21,722	302,525	462,259	787,989	738,018	190,506	232,697	-104,527	-84,574	-48,826	-364,651	-476,276	-987,866	-980,545	-947,477	-909,892	-23,412	-443,908	-325,493
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-45.4%
30.3%	18.8%	29.7%	38.8%	45.2%	43.1%	36.1%	38.8%	56.0%	54.0%	54.1%	42.4%	32.0%	4.9%	4.8%	5.8%	7.2%	14.1%	-5.8%	-0.5%
4.39	1.10	3.07	4.33	7.04	5.94	2.13	2.33	0.58	0.74	0.91	0.34	0.29	0.02	0.02	0.03	0.02	0.96	0.06	0.06
2.02	4.04	2.21	1.42	1.09	1.19	1.76	1.57	0.78	0.84	0.84	1.36	2.12	18.67	18.87	15.30	11.96	5.50	-	-
52.4%	-23.9%	-10.5%	0.9%	0.9%	27.5%	-6.8%	-19.6%	-6.9%	-4.7%	2.9%	9.6%	68.8%	-36.1%	-58.7%	-53.7%	-110.4%	-22.4%	-	-
15.9%	-4.5%	-3.1%	0.3%	0.4%	11.8%	-2.5%	-7.6%	-3.9%	-2.5%	1.5%	4.1%	22.0%	-1.8%	-2.8%	-3.1%	-7.9%	-3.2%	-5.5%	-3.7%
12.52	1.08	3.73	4.71	5.09	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	186 days
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	365 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Securities and guarantees

on own assets and for others

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022	30-09-2021
Mortgages, amount registered	-	-	€737,000	€125,000	€125,000
	-	-	€1.5m	-	-
Carrying value of the mortgaged assets	-	-	€1.9m	€729,701	€764,121

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022	30-09-2021
Tangible fixed assets	€22,798	€876,020	€774,334	€8,000	€4,528
	€168,303	€171,720	€212,690	€128,847	€145,647

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on CARNIC

The operating result for 2025 is a profit of €799,170, after a loss of €96,112 in 2024. It is the highest result since 2006.

Debt's share of the balance-sheet total falls from 75.9% to 61.1%. Equity is higher and debt is lower.

Next steps

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Annual accounts 2025

Money flows

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency30.3%

Current ratio4.39

Return on assets15.9%

Staff

Staff cost per FTE

Blue and white collar

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on CARNIC

Next steps

in €m

in euro

30.3%

4.39

15.9%