CARO
ActiveSummary
CARO has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €273,158 and a net result of -€11,475. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 89% of 4735 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▲+1
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €21,000 at 30 days acceptable
Liquidity ample (current ratio 18.34 against 3.49 in 2024; short-term debt: 0.7% and cash: 11.3% of total assets), and 20.3% 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
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
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
1819202122232425
2018 to 2025 · latest year -€11,475
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
on the day
2023
12 d late
2022
4 d late
2021
39 d late
2020
23 d late
2019
68 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 21 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% 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 4 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#1 oldest company in Pajottegem, Other services sector
Equity
€273,158▼ 4.0%
2024 · €284,633
Total assets
€342,603▼ 4.6%
2024 · €359,147
Net result
-€11,475▲ 17.1%
2024 · -€13,844
Working capital
€43,360▼ 1.3%
2024 · €43,948
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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.Sector: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€14,409-€33,206▼ 130%-€20,692▲ 37.7%-€19,305▲ 6.7%-€12,523▲ 35.1%
Net result-€9,094below the sector's middle half-€21,519below the sector's middle half▼ 137%-€13,195below the sector's middle half▲ 38.7%-€13,844below the sector's middle half▼ 4.9%-€11,475below the sector's middle half▲ 17.1%
Equity€333,191above the sector's middle half▼ 2.7%€311,673above the sector's middle half▼ 6.5%€298,477above the sector's middle half▼ 4.2%€284,633above the sector's middle half▼ 4.6%€273,158above the sector's middle half▼ 4.0%
Total assets€518,527above the sector's middle half▲ 22.3%€451,951above the sector's middle half▼ 12.8%€403,791above the sector's middle half▼ 10.7%€359,147above the sector's middle half▼ 11.1%€342,603above the sector's middle half▼ 4.6%
Debt€159,029▲ 217%€127,125▼ 20.1%€100,930▼ 20.6%€74,514▼ 26.2%€69,445▼ 6.8%
Working capital€102,986above the sector's middle half▲ 423%€76,001above the sector's middle half▼ 26.2%€49,274above the sector's middle half▼ 35.2%€43,948above the sector's middle half▼ 10.8%€43,360above the sector's middle half▼ 1.3%
Solvency64.3%above the sector's middle half▼ 16.5pp69.0%above the sector's middle half▲ 4.7pp73.9%above the sector's middle half▲ 5.0pp79.3%above the sector's middle half▲ 5.3pp79.7%above the sector's middle half▲ 0.5pp
Current ratio7.89above the sector's middle half▲ 6.456.20above the sector's middle half▼ 1.693.58above the sector's middle half▼ 2.623.49above the sector's middle half▼ 0.0918.34above the sector's middle half▲ 14.85
Return on assets (ROA)-1.8%within the sector's middle half▼ 3.5pp-4.8%within the sector's middle half▼ 3.0pp-3.3%within the sector's middle half▲ 1.5pp-3.9%within the sector's middle half▼ 0.6pp-3.3%within the sector's middle half▲ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €12,523 in 2025 against €19,305 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €342,603
Fixed assets
€296,743 ▼ 0.3%
Current assets
€45,861 ▼ 25.6%
Equity and liabilities €342,603
Equity
€273,158 ▼ 4.0%
Debt
€69,445 ▼ 6.8%
Debt's share of the balance-sheet total falls from 20.7% to 20.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€29,056▲
2024 · €25,405
Cash flow
€30,103▼
2024 · €30,865
Debt to equity
0.25▼
2024 · 0.26
ROE
-4.2%▲
2024 · -4.9%
Interest coverage
939.40▲
2024 · 769.85
Debt ≤ 1 year
€2,501▼
2024 · €17,684
Debt > 1 year
€66,830▲
2024 · €56,830
Income taxes
-€149▼
2024 · €475
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.7%
went bankrupt
8.6%
stopped otherwise
90%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,340 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% | 1.0% |
| 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% 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 12,321 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €440 | €0 | €271 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €42,146 | €50,161 | €45,568 | €44,710 | €41,578 | ▼ 7.0% |
| Other operating charges640/8 | €5,600 | - | €5,095 | €5,357 | €5,991 | ▲ 11.8% |
| Gross operating margin9900 | €33,337 | €16,955 | €29,970 | €30,762 | €35,046 | ▲ 13.9% |
| Operating profit (loss)9901 | -€14,409 | -€33,206 | -€20,692 | -€19,305 | -€12,523 | ▲ 35.1% |
| Financial income75/76B | - | - | €452 | €1,584 | €929 | ▼ 41.3% |
| Recurring financial income75 | - | - | €452 | €1,584 | €929 | ▼ 41.3% |
| Financial charges65/66B | €24 | €27 | €88 | €33 | €31 | ▼ 6.3% |
| Recurring financial charges65 | €24 | €27 | €88 | €33 | €31 | ▼ 6.3% |
| Profit (loss) for the period before taxes9903 | -€14,432 | -€33,233 | -€20,329 | -€17,754 | -€11,624 | ▲ 34.5% |
| Transfer from deferred taxes780 | €5,083 | €13,154 | €8,769 | €4,384 | €0 | ▼ 100% |
| Income taxes67/77 | -€255 | €1,440 | €1,635 | €475 | -€149 | ▼ 131% |
| Profit (loss) for the period9904 | -€9,094 | -€21,519 | -€13,195 | -€13,844 | -€11,475 | ▲ 17.1% |
| Transfer from tax-exempt reserves789 | €9,872 | €25,546 | €17,029 | €8,515 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €778 | €4,027 | €3,834 | -€5,330 | -€11,475 | ▼ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €518,527 | €451,951 | €403,791 | €359,147 | €342,603 | ▼ 4.6% |
| Fixed assets21/28 | €400,603 | €361,345 | €335,418 | €297,516 | €296,743 | ▼ 0.3% |
| Tangible fixed assets22/27 | €400,603 | €361,345 | €335,418 | €297,516 | €296,743 | ▼ 0.3% |
| Land and buildings22 | €229,506 | €216,949 | €204,392 | €191,835 | €188,651 | ▼ 1.7% |
| Plant, machinery and equipment23 | €90,693 | €79,343 | €81,323 | €71,147 | €84,608 | ▲ 18.9% |
| Furniture and vehicles24 | €80,404 | €65,053 | €49,703 | €34,533 | €23,484 | ▼ 32.0% |
| Current assets29/58 | €117,925 | €90,606 | €68,374 | €61,632 | €45,861 | ▼ 25.6% |
| Amounts receivable within one year40/41 | €6,927 | €3,082 | €1,395 | €1,805 | €5,558 | ▲ 208% |
| Trade receivables40 | €4,283 | €2,833 | €1,395 | €1,798 | €1,214 | ▼ 32.5% |
| Other amounts receivable41 | €2,645 | €249 | €0 | €7 | €4,344 | ▲ 62,948% |
| Current investments50/53 | €1,735 | €1,735 | €41,735 | €21,735 | €1,735 | ▼ 92.0% |
| Cash at bank and in hand54/58 | €109,262 | €85,788 | €25,243 | €38,091 | €38,568 | ▲ 1.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €518,527 | €451,951 | €403,791 | €359,147 | €342,603 | ▼ 4.6% |
| Equity10/15 | €333,191 | €311,673 | €298,477 | €284,633 | €273,158 | ▼ 4.0% |
| Contributions10/11 | €80,692 | €80,692 | €80,692 | €80,692 | €80,692 | = |
| Capital10 | €80,692 | €80,692 | - | - | - | - |
| Issued capital100 | €80,692 | €80,692 | - | - | - | - |
| Reserves13 | €252,499 | €230,981 | €217,785 | €203,941 | €192,466 | ▼ 5.6% |
| Non-distributable reserves130/1 | €8,069 | €8,069 | €0 | - | - | - |
| Legal reserve130 | €8,069 | €8,069 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €0 | - | - | - |
| Tax-exempt reserves132 | €51,090 | €25,544 | €8,515 | €0 | - | - |
| Distributable reserves133 | €193,340 | €197,367 | €209,271 | €203,941 | €192,466 | ▼ 5.6% |
| Provisions and deferred taxes16 | €26,307 | €13,153 | €4,384 | €0 | - | - |
| Deferred taxes168 | €26,307 | €13,153 | €4,384 | €0 | - | - |
| Amounts payable17/49 | €159,029 | €127,125 | €100,930 | €74,514 | €69,445 | ▼ 6.8% |
| Amounts payable after more than one year17 | €141,830 | €111,830 | €81,830 | €56,830 | €66,830 | ▲ 17.6% |
| Financial debts170/4 | €140,000 | €110,000 | €80,000 | €55,000 | €65,000 | ▲ 18.2% |
| Other amounts payable178/9 | €1,830 | €1,830 | €1,830 | €1,830 | €1,830 | = |
| Amounts payable within one year42/48 | €14,939 | €14,605 | €19,099 | €17,684 | €2,501 | ▼ 85.9% |
| Trade debts44 | €2,356 | €2,906 | €2,729 | €1,867 | €999 | ▼ 46.5% |
| Suppliers440/4 | €2,356 | €2,906 | €2,729 | €1,867 | €999 | ▼ 46.5% |
| Taxes, remuneration and social security45 | €1,060 | €1,440 | €3,374 | €2,210 | €0 | ▼ 100% |
| Taxes450/3 | €1,060 | €1,440 | €3,374 | €2,210 | €0 | ▼ 100% |
| Other amounts payable47/48 | €11,523 | €10,259 | €12,996 | €13,607 | €1,502 | ▼ 89.0% |
| Accrued charges and deferred income492/3 | €2,260 | €690 | €0 | - | €114 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€9,094 | -€21,519 | -€13,195 | -€13,844 | -€11,475 | ▲ 17.1% |
| + Depreciation and write-downs630 | €42,146 | €50,161 | €45,568 | €44,710 | €41,578 | ▼ 7.0% |
| Operating cash flow (approximation) | €33,051 | €28,642 | €32,373 | €30,865 | €30,103 | ▼ 2.5% |
| Investment in fixed assets (approximation) | - | -€10,904 | -€19,640 | -€6,808 | -€40,805 | ▼ 499% |
| Change in cash | - | -€23,474 | -€60,545 | €12,848 | €476 | ▼ 96.3% |
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
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Liquidity times 5current ratio 18.34
Current ratio from 3.49 to 18.34; short-term debt falls from €17,684 to €2,501.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
12-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 12 days late
2023
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
31-12
Financial
Weakest financial yearnet -€21,519
Net result drops to -€21,519, the lowest in the series; recovery starts the following year.
08-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 39 days late
2021
31-12
Financial
Liquidity times 5current ratio 7.89
Current ratio from 1.44 to 7.89; short-term debt falls from €44,301 to €14,939.
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 68 days late
2019
31-12
Financial
Liquidity times 6current ratio 15.27
Current ratio from 2.69 to 15.27; short-term debt falls from €44,208 to €6,978.
17-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 17 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Pajottegem · 1 establishment unit since 1983
Ground area
1,885 m²
Building footprint
195 m²
Volume, LiDAR
967 m³
Parcel 23024B0025/00S000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Eeckelstraat 31, 1755 Pajottegem
since 19832.022.471.180
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23024B0025/00S000 | Flanders | 1,885 m² | 1 · 195 m² | 8.6 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.
Public money · subsidies and aid
Flemish government
2024 · 2 entries · 1,754 EUR awarded · 1,754 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 2 | 1,754 EUR | 1,754 EUR |
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Of 3,792 companies in sector 96993 we hold annual accounts for 143. 67 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
Founded22-04-1983
Fiscal year end31-12
Activities, NACEBEL 2025
96993Pet care services, excluding veterinary services
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0424120919
Also
9925:BE0424120919
Registered
23-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.