CARNOL CONSTRUCT
ActiveSummary
CARNOL CONSTRUCT has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79,829 and a net result of €47,432. Equity is growing by about 10% per year across the filed financial years. Its solvency ranks better than 95% of 34,718 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €79,829
- Profit
- €47,432
Why 99raises riskSize: total assets €84,796Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 14.43, cash €60,831Equity €79,829 (94.1% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 90% on solvency, 98% on liquidity, 92% on profitability and 94% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 11 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Back to profitnet €47,432
- Liquidity more than 9 timescurrent ratio 14.43
Financials · financial year 2025, micro format
2025 annual accounts filed late (30 days) Filed on 30 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00479190.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result returns to profit in 2025: €49,886 after a loss of €39,765 in 2024, the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 31,373 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 31,373 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | - | €481 | €266 | €584 | ▲ 119% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,340 | €3,363 | €3,363 | €6,516 | €4,545 | €6,532 | €7,564 | €8,377 | ▲ 10.7% |
| Other operating charges640/8 | - | - | - | €1,190 | €1,108 | €853 | €756 | €771 | ▲ 2.0% |
| Non-recurring operating charges66A | - | - | - | €12,264 | - | - | - | €5,023 | - |
| Gross operating margin9900 | €35,497 | €8,647 | €76,320 | €23,925 | €25,205 | €14,947 | -€31,179 | €64,641 | - |
| Operating profit (loss)9901 | -€2,558 | €4,268 | €51,458 | €3,956 | €19,552 | €7,082 | -€39,765 | €49,886 | - |
| Financial income75/76B | - | - | - | €0 | €2 | €3 | €21 | €13 | ▼ 39.1% |
| Recurring financial income75 | €10 | €0 | €21 | €0 | €2 | €3 | €21 | €13 | ▼ 39.1% |
| Financial charges65/66B | - | - | - | €2,249 | €3,615 | €4,152 | €1,155 | €426 | ▼ 63.1% |
| Recurring financial charges65 | €1,464 | €1,518 | €5,914 | €2,249 | €3,615 | €4,152 | €736 | €426 | ▼ 42.1% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €419 | - | - |
| Profit (loss) for the period before taxes9903 | -€4,012 | €2,750 | €45,565 | €1,707 | €15,939 | €2,933 | -€40,899 | €49,473 | - |
| Income taxes67/77 | -€0 | - | €8,378 | €645 | €3,703 | €986 | -€72 | €2,042 | - |
| Profit (loss) for the period9904 | -€4,012 | €2,750 | €37,188 | €1,062 | €12,236 | €1,948 | -€40,827 | €47,432 | - |
| Profit (loss) for the period to be appropriated9905 | -€4,012 | €2,750 | €37,188 | €1,062 | €12,236 | €1,948 | -€40,827 | €47,432 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €68,556 | €62,474 | €103,057 | €108,043 | €107,225 | €105,806 | €63,297 | €84,796 | ▲ 34.0% |
| Fixed assets21/28 | €15,545 | €20,351 | €16,988 | €18,789 | €18,244 | €22,185 | €15,837 | €13,111 | ▼ 17.2% |
| Tangible fixed assets22/27 | €15,360 | €20,167 | €16,804 | €18,605 | €18,060 | €22,001 | €15,837 | €13,111 | ▼ 17.2% |
| Plant, machinery and equipment23 | - | - | - | - | - | €928 | €1,970 | €3,246 | ▲ 64.7% |
| Furniture and vehicles24 | - | - | - | €18,605 | €18,060 | €21,072 | €13,867 | €9,865 | ▼ 28.9% |
| Financial fixed assets28 | €185 | €185 | €185 | €185 | €185 | €185 | - | - | - |
| Current assets29/58 | €53,012 | €42,123 | €86,068 | €89,254 | €88,981 | €83,620 | €47,460 | €71,685 | ▲ 51.0% |
| Stocks and contracts in progress3 | €17,440 | - | - | - | - | - | €3,250 | - | - |
| Stocks30/36 | - | - | - | - | - | - | €3,250 | - | - |
| Amounts receivable within one year40/41 | €14,184 | €20,991 | €11,433 | €5,257 | €12,660 | €18,715 | €12,239 | €10,854 | ▼ 11.3% |
| Trade receivables40 | - | - | - | €1,645 | €12,534 | €17,934 | €4,832 | €6,674 | ▲ 38.1% |
| Other amounts receivable41 | - | - | - | €3,612 | €126 | €781 | €7,407 | €4,180 | ▼ 43.6% |
| Cash at bank and in hand54/58 | €20,419 | €20,906 | €74,552 | €82,827 | €75,171 | €64,703 | €30,806 | €60,831 | ▲ 97.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,169 | €1,150 | €203 | €1,164 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €68,556 | €62,474 | €103,057 | €108,043 | €107,225 | €105,806 | €63,297 | €84,796 | ▲ 34.0% |
| Equity10/15 | €18,042 | €20,791 | €57,979 | €59,041 | €71,277 | €73,225 | €32,397 | €79,829 | ▲ 146% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | -€2,418 | €331 | €37,519 | €38,581 | €50,817 | €52,765 | €11,937 | €59,369 | ▲ 397% |
| Amounts payable17/49 | €50,514 | €41,683 | €45,078 | €49,002 | €35,948 | €32,581 | €30,899 | €4,967 | ▼ 83.9% |
| Amounts payable after more than one year17 | €9,010 | €4,848 | €6,941 | €21,516 | €12,713 | €6,764 | €522 | - | - |
| Financial debts170/4 | - | - | - | €21,516 | €12,713 | €6,764 | €522 | - | - |
| Amounts payable within one year42/48 | €41,505 | €36,835 | €38,136 | €27,486 | €23,235 | €25,817 | €30,378 | €4,967 | ▼ 83.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,245 | €8,802 | €6,132 | €6,242 | €522 | ▼ 91.6% |
| Trade debts44 | €12,485 | €14,507 | €10,318 | €3,833 | €3,166 | €10,157 | €11,230 | €2,403 | ▼ 78.6% |
| Suppliers440/4 | - | - | - | €3,833 | €3,166 | €10,157 | €11,230 | €2,403 | ▼ 78.6% |
| Advances received on contracts in progress46 | - | - | - | - | €6,605 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €9,634 | €4,662 | €5,613 | €8,692 | €2,042 | ▼ 76.5% |
| Taxes450/3 | - | - | - | €8,761 | €4,662 | €5,613 | €5,192 | €2,042 | ▼ 60.7% |
| Remuneration and social security454/9 | - | - | - | €873 | - | - | €3,500 | - | - |
| Other amounts payable47/48 | - | - | - | €5,774 | - | €3,915 | €4,214 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,012 | €2,750 | €37,188 | €1,062 | €12,236 | €1,948 | -€40,827 | €47,432 | - |
| + Depreciation and write-downs630 | €1,340 | €3,363 | €3,363 | €6,516 | €4,545 | €6,532 | €7,564 | €8,377 | ▲ 10.7% |
| Operating cash flow (approximation) | -€2,671 | €6,112 | €40,551 | €7,578 | €16,781 | €8,480 | -€33,264 | €55,808 | - |
| Investment in fixed assets (approximation) | - | -€8,169 | €0 | -€8,317 | -€4,000 | -€10,473 | -€1,215 | -€5,651 | ▼ 365% |
| Change in cash | - | €487 | €53,646 | €8,275 | -€7,656 | -€10,468 | -€33,897 | €30,025 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-08-2026 | 2026-00479190 |
| 31-12-2024 | micro format | 01-08-2025 | 2025-00369369 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00413903 |
| 31-12-2022 | micro format | 22-08-2023 | 2023-00347044 |
| 31-12-2021 | micro format | 01-07-2022 | 2022-20142978 |
| 31-12-2020 | micro format | 11-08-2021 | 2021-47800573 |
| 31-12-2019 | micro format | 13-08-2020 | 2020-41100471 |
| 31-12-2018 | micro format | 27-08-2019 | 2019-52700275 |
| 31-12-2017 | micro format | 15-06-2018 | 2018-19500501 |
| 31-12-2016 | micro format | 21-08-2017 | 2017-45500137 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CARNOLI Marco |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
19-02
Gazette deed
Registered office · Amendment of the articles · Legal-form change · Resignations & appointmentsResignation: CARNOLI Marco (manager) · Reappointment: CARNOLI Marco (director) · Incorporation13 facts ▸
- General meeting, 02-02-2024
- Incorporation, 26-01-2005
- Other provision, “statuts non modifiés depuis constitution” (deed in French)
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital
- Other provision, “compte de capitaux propres statutairement indisponible” (deed in French)
- Power of attorney, Emilie BLAVIER
- Director resignation, CARNOLI Marco (manager)
- Director reappointment, CARNOLI Marco (director (not named in the articles))
- Director discharge, CARNOLI Marco
- Registered-office move, 6150 Anderlues,rue Saint-Médard,64/1
- +1 further fact in this act
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0871.602.705
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 56001B0670/00S000 | Wallonia | 626 m² | 1 · 93 m² | - |
| 56001B0320/00B000 | Wallonia | 498 m² | 1 · 120 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Le bâtiment dans toutes ses applications,tant en construction,réfection et démolition de gros et de toutes autres œuvres,ainsi que tous…” (deed in French)
9 activities (deed in French)
- Le bâtiment dans toutes ses applications,tant en construction,réfection et démolition de gros et de toutes autres œuvres,ainsi que tous travaux de rejointoiement,de revêtements des murs et sols,de plafonnage,de cloisons de plâtrer,de faux plafonds de chapes
- Tous travaux de restauration,de sablage et de nettoyage de bâtiments
- Tous travaux de terrassement,de coffrage et de ferraillage
- Tous travaux de charpenterie,de couverture de constructions métallique ou traditionnelle et d’hydrofugation
- Tous travaux de menuiserie et notamment la fabrication et le placement de tous châssis en vois ou en autre matières
- Tous travaux d’installation sanitaires,de plomberie,zinguerie,de chauffage central
- L’exécution totale ou partielle de travaux de parachèvement,ou la coordination de ceuxci lors de leur exécution par des sous-traitants
- La construction d’habitations préfabriquées
- La vente,la location,l’entretien et les réparations de tous matériels du bâtiments neufs ou d’occasions,ainsi que la vente de matériaux
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CARNOL CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, peut établir par simple décision de l’organe d’administration des sièges administratifs,agences,ateliers,dépôts et…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Nombre, durée mandat et pouvoirs en cas de pluralité, personnes physiques ou morales, actionnaires ou non” (deed in French)“Sous réserve loi et statuts réservent à assemblée générale, chaque administrateur agissant seul peut accomplir tous actes nécessaires ou…” (deed in French)“Indépendamment frais représentation, voyages et déplacements, portée aux frais généraux” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions requises par le Code des sociétés et des associations,consultable par titulaires…” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement aux actions acquises, héritiers et légataires non de plein droit actionnaires tenus de…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of May at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps par décision assemblée générale délibérant formes modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Faculté assemblée désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, dissolution pour quelque cause et à quelque…” (deed in French)