CARO
ActiveSummary
The computed 12-month bankruptcy probability of CARO is 2.7% (moderate). The 2025 annual accounts show negative equity (-€93,704) and a net result of €11,180. Equity is shrinking by ~16.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 13874 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Full-service restaurants
NACE 56111Full-service restaurants NACE 56101
How big
€18,662total assets 2025
- Staff
- 0.2 FTE
- Equity
- -€93,704
- Profit
- €11,180
Turnover not published (abridged schema)
Who decides
Accounts filed 59 d late1 of 5 deeds read
Why 50- Higher-failure-rate sector- Annual accounts: weaker financial profile- Higher-failure-rate region- Weak solvency vs sectorFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+100
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.14 against 0.05 in 2024; short-term debt: 602.1% and cash: 76.8% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-502.1%
Return on assets
59.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 13874 sector peers (2025).
NBB · sector comparisonPosition among 13874 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-09-2026, 59 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 · 8 filingsDeviation from the deadline
2025
59 d late
2024
20 d late
2023
16 d late
2022
25 d late
2021
92 d late
2020
107 d late
2019
65 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 55 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% 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 25 August (4 of the last 5 filed years within 34 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Resignation: Derya Oktar (non-statutory director)State Gazette act
- Back to profitnet €11,180
Financials
Fiscal year 2025Total assets €18,662Profit €11,180Solvency -502.1%Liquidity 0.14
Total assets
€18,662▲ 117%
2018 - 2025
Net result
€11,180
2018 - 2025
Equity
-€93,704▲ 10.7%
2018 - 2025
Staff (FTE)
0.2▼ 90.0%
2018 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 56, Food and beverage 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€29,801▼ 71.6%-€4,945▲ 83.4%-€2,757▲ 44.2%-€5,172▼ 87.6%€11,510
Net result-€38,113below the sector's middle half▼ 54.9%-€5,382within the sector's middle half▲ 85.9%-€3,151within the sector's middle half▲ 41.5%-€5,278below the sector's middle half▼ 67.5%€11,180within the sector's middle half
Equity-€91,073below the sector's middle half▼ 72.0%-€96,455below the sector's middle half▼ 5.9%-€99,605below the sector's middle half▼ 3.3%-€104,884below the sector's middle half▼ 5.3%-€93,704below the sector's middle half▲ 10.7%
Total assets€9,774below the sector's middle half▼ 89.8%€901below the sector's middle half▼ 90.8%€840below the sector's middle half▼ 6.7%€8,596below the sector's middle half▲ 923%€18,662below the sector's middle half▲ 117%
Debt€100,847▼ 32.1%€97,355▼ 3.5%€100,445▲ 3.2%€113,480▲ 13.0%€112,366▼ 1.0%
Working capital-€91,473below the sector's middle half▲ 6.9%-€96,855below the sector's middle half▼ 5.9%-€99,605below the sector's middle half▼ 2.8%-€107,884below the sector's middle half▼ 8.3%-€96,704below the sector's middle half▲ 10.4%
Solvency-931.8%below the sector's middle half▼ 876.5pp-502.1%below the sector's middle half
Current ratio0.09below the sector's middle half▼ 0.130.05below the sector's middle half0.14below the sector's middle half▲ 0.09
Return on assets (ROA)-390.0%below the sector's middle half▼ 364.2pp-61.4%below the sector's middle half59.9%above the sector's middle half▲ 121.3pp
Staff (FTE)20.2▼ 90.0%
above
within
below
the middle half (P25 to P75) of NACE 56, Food and beverage 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 and balance sheet
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11,510 after a loss of €5,172 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18,662
Fixed assets
€3,000 =
Current assets
€15,662 ▲ 180%
Equity and liabilities
Equity-€93,704
Debt€112,366
Equity is negative: debt (€112,366) exceeds the balance-sheet total (€18,662).
Key figures and ratios
Key figures and ratios
Quick ratio
0.13▲
2024 · 0.04
Debt ≤ 1 year
€112,366▼
2024 · €113,480
Staff costs
€10,635▲
2024 · €1,811
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a profit of 5% of the balance sheet or more
4.8%
went bankrupt
5.8%
stopped otherwise
89%
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 2.7% 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 497,341 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 2,180 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €33,430 | - | - | - | - | - |
| Remuneration, social security and pensions62 | €18,463 | €1,403 | - | €1,811 | €10,635 | ▲ 487% |
| Other operating charges640/8 | €29,766 | €289 | €273 | €293 | €214 | ▼ 27.0% |
| Non-recurring operating charges66A | €300 | - | - | - | - | - |
| Gross operating margin9900 | €18,728 | -€3,253 | -€2,485 | -€3,068 | €22,359 | ▲ 829% |
| Operating profit (loss)9901 | -€29,801 | -€4,945 | -€2,757 | -€5,172 | €11,510 | ▲ 323% |
| Financial income75/76B | €2,501 | - | - | - | €2 | - |
| Recurring financial income75 | €1 | - | - | - | €2 | - |
| Non-recurring financial income76B | €2,500 | - | - | - | - | - |
| Financial charges65/66B | €10,501 | €436 | €394 | €106 | €332 | ▲ 213% |
| Recurring financial charges65 | €10,501 | €436 | €394 | €106 | €332 | ▲ 213% |
| Profit (loss) for the period before taxes9903 | -€37,801 | -€5,382 | -€3,151 | -€5,278 | €11,180 | ▲ 312% |
| Income taxes67/77 | €311 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€38,113 | -€5,382 | -€3,151 | -€5,278 | €11,180 | ▲ 312% |
| Profit (loss) for the period to be appropriated9905 | -€38,113 | -€5,382 | -€3,151 | -€5,278 | €11,180 | ▲ 312% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9,774 | €901 | €840 | €8,596 | €18,662 | ▲ 117% |
| Fixed assets21/28 | €400 | €400 | - | €3,000 | €3,000 | = |
| Financial fixed assets28 | €400 | €400 | - | €3,000 | €3,000 | = |
| Current assets29/58 | €9,374 | €501 | €840 | €5,596 | €15,662 | ▲ 180% |
| Stocks and contracts in progress3 | - | - | - | €650 | €691 | ▲ 6.3% |
| Stocks30/36 | - | - | - | €650 | €691 | ▲ 6.3% |
| Amounts receivable within one year40/41 | €637 | €430 | €840 | €1,362 | €224 | ▼ 83.6% |
| Other amounts receivable41 | €637 | €430 | €840 | €1,362 | €224 | ▼ 83.6% |
| Cash at bank and in hand54/58 | €7,988 | €71 | - | €3,584 | €14,340 | ▲ 300% |
| Deferred charges and accrued income490/1 | €749 | - | - | - | €407 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9,774 | €901 | €840 | €8,596 | €18,662 | ▲ 117% |
| Equity10/15 | -€91,073 | -€96,455 | -€99,605 | -€104,884 | -€93,704 | ▲ 10.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €13,502 | €13,502 | €13,502 | €13,502 | €13,502 | = |
| Non-distributable reserves130/1 | €772 | €772 | €772 | - | - | - |
| Reserves not available under the articles1311 | €772 | €772 | €772 | - | - | - |
| Distributable reserves133 | €12,730 | €12,730 | €12,730 | €13,502 | €13,502 | = |
| Profit (loss) carried forward14 | -€110,775 | -€116,157 | -€119,308 | -€124,586 | -€113,406 | ▲ 9.0% |
| Amounts payable17/49 | €100,847 | €97,355 | €100,445 | €113,480 | €112,366 | ▼ 1.0% |
| Amounts payable within one year42/48 | €100,847 | €97,355 | €100,445 | €113,480 | €112,366 | ▼ 1.0% |
| Trade debts44 | €13,084 | €4,142 | €3,119 | €5,855 | €1,735 | ▼ 70.4% |
| Suppliers440/4 | €13,084 | €4,142 | €3,119 | €5,855 | €1,735 | ▼ 70.4% |
| Taxes, remuneration and social security45 | €10,381 | €4,009 | - | €515 | €643 | ▲ 24.9% |
| Taxes450/3 | €711 | €312 | - | €29 | €243 | ▲ 738% |
| Remuneration and social security454/9 | €9,670 | €3,697 | - | €486 | €400 | ▼ 17.7% |
| Other amounts payable47/48 | €77,382 | €89,205 | €97,326 | €107,110 | €109,988 | ▲ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€38,113 | -€5,382 | -€3,151 | -€5,278 | €11,180 | ▲ 312% |
| Operating cash flow (approximation) | -€38,113 | -€5,382 | -€3,151 | -€5,278 | €11,180 | ▲ 312% |
| Investment in fixed assets (approximation) | - | €0 | - | - | €0 | - |
| Change in cash | - | -€7,917 | - | - | €10,756 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 20,517 companies in this sector we hold annual accounts for 11,468. See the whole sector
Board & ownership
Directors
Directors
no sitting director read yet, last change in 2026
No directors read yet: 1 of 5 Gazette acts processed. See the function holders in the CBE →
Mandate history
1 person since 2026, 0 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Derya Oktar |
|
Timeline
11 eventsLatest 28-09-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 59 days late
29-06
State Gazette act
Resignation: Derya Oktar (non-statutory director)2 facts ▸
State Gazette act
Resignation: Derya Oktar (non-statutory director)
2 facts ▸
- General meeting, 01-02-2026
- Director resignation, Derya Oktar (non-statutory director)
2025
31-12
Financial
Back to profitnet €11,180
Net result €11,180 after 6 loss-making years.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
16-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 16 days late
2023
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
31-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 92 days late
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 107 days late
2020
04-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 65 days late
2019
31-12
Financial
Weakest financial yearnet -€48,725
Net result drops to -€48,725, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Company details
Private limited company · founded 12-07-2017Year ends 31-12Peppol reachable
Register details
Identification
Legal formPrivate limited company
Founded12-07-2017
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0678518661
Also
9925:BE0678518661
Registered
16-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, La Louvière
Ground area
200 m²
Building footprint
94 m²
Volume, LiDAR
507 m³
Parcel 56033A0084/00Z020, Wallonia · tallest building 6.0 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56033A0084/00Z020 | Wallonia | 200 m² | 1 · 94 m² | 6.0 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.
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