Caro's

Active

Private limited companyfounded 20206 yrs activeMarkt 51A, 2440 Geel, BelgiumKBO/BCE: BE 0754.618.725

The computed 12-month bankruptcy probability of Caro's is 3.7% (moderate). The 2024 annual accounts show equity of €172k and a net result of €21k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 78% of 2935 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

67 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability78▼-9

Solvency85▼-3

Growth52=

Track record100

Bankruptcy probability, 12 months

3.7% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €11k at 30 days acceptable

Liquidity ample (current ratio 1.78 against 1.5 in 2023; short-term debt: 37.1% and cash: 35.8% of total assets), and 39.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

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

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

A punctual record breaks

This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-10-2025, 85 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

85 d late

2023

on the day

2022

4 d early

2021

17 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Equity

€172k▲ 13.9%

2023 · €151k

2021: €105k 2022: €116k 2023: €151k

2021 → 2024

Total assets

€284k▲ 18.6%

2023 · €240k

2021: €211k 2022: €184k 2023: €240k

2021 → 2024

Net result

€21k▼ 39.9%

2023 · €35k

2021: €120k 2022: €11k 2023: €35k

2021 → 2024

Working capital

€82k▲ 106%

2023 · €40k

2021: €56k 2022: €-17k 2023: €40k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€105k-€116k▲ 10.3%€151k▲ 30.2%€172k▲ 13.9%

Operating result€125k-€15k▼ 87.8%€52k▲ 239%€46k▼ 12.2%

Net result€120k-€11k▼ 91.0%€35k▲ 225%€21k▼ 39.9%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2024; 2024 is 12% below 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €284k

33.9%

66.1%

Fixed assets €96k▼ 19.9%

Current assets €188k▲ 57.5%

Equity and liabilities €284k

60.4%

39.6%

Equity €172k▲ 13.9%

Debt €113k▲ 26.5%

The debt ratio rises from 37.1% to 39.6%. Equity and debt are higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€73k▼

2023 · €82k

Cash flow

€49k▼

2023 · €65k

Solvency

60.4%▼

2023 · 62.9%

Current ratio

1.78▲

2023 · 1.50

Quick ratio

1.52▲

2023 · 1.21

Debt / equity

0.66▲

2023 · 0.59

ROE

12.2%▼

2023 · 23.2%

ROA

7.4%▼

2023 · 14.6%

Interest coverage

11.62▼

2023 · 15.21

Debt

€113k▲

2023 · €89k

Debt ≤ 1 year

€106k▲

2023 · €79k

Debt > 1 year

€7k▼

2023 · €10k

Income taxes

€21k▲

2023 · €12k

Staff costs

€381k▲

2023 · €330k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€240k€284k▲

Fixed assets21/28€120k€96k▼

Tangible fixed assets22/27€120k€96k▼

Plant, machinery and equipment23€18k€10k▼

Furniture and vehicles24€15k€11k▼

Leasing and similar rights25€16k€12k▼

Other tangible fixed assets26€72k€63k▼

Current assets29/58€119k€188k▲

Stocks and contracts in progress3€23k€27k▲

Stocks30/36€23k€27k▲

Amounts receivable within one year40/41€5k€56k▲

Trade receivables40€4k€13k▲

Other amounts receivable41€630€43k▲

Cash at bank and in hand54/58€89k€102k▲

Deferred charges and accrued income490/1€2k€3k▲

Equity and liabilities

Total equity and liabilities10/49€240k€284k▲

Equity10/15€151k€172k▲

Contributions10/11€25k€25k=

Reserves13€126k€147k▲

Distributable reserves133€126k€147k▲

Amounts payable17/49€89k€113k▲

Amounts payable after more than one year17€10k€7k▼

Financial debts170/4€10k€7k▼

Amounts payable within one year42/48€79k€106k▲

Current portion of amounts payable after more than one year42€4k€3k▼

Trade debts44€22k€57k▲

Suppliers440/4€22k€57k▲

Taxes, remuneration and social security45€53k€46k▼

Taxes450/3€40k€41k▲

Remuneration and social security454/9€13k€6k▼

Other amounts payable47/48€965€0▼

Income statement Code20232024

Remuneration, social security and pensions62€330k€381k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€28k▼

Other operating charges640/8€11k€8k▼

Non-recurring operating charges66A€205€0▼

Gross operating margin9900€423k€463k▲

Operating profit (loss)9901€52k€46k▼

Financial income75/76B€8€3k▲

Recurring financial income75€8€3k▲

Financial charges65/66B€5k€6k▲

Recurring financial charges65€5k€6k▲

Profit (loss) for the period before taxes9903€46k€42k▼

Income taxes67/77€12k€21k▲

Profit (loss) for the period9904€35k€21k▼

Profit (loss) for the period to be appropriated9905€35k€21k▼

Appropriation of the result

Profit (loss) to be appropriated9906€35k€21k▼

Transfer to equity691/2€35k€21k▼

To other reserves6921€35k€21k▼

Social balance

Average headcount (FTE)90878.79.2▲

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

24-10

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema · 85 days late

2024

31-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Equity above €150kEq €151k ▲30.2%

3 profitable years in a row build equity to €151k.

27-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

31-12

Financial Weakest financial yearnet €11k ▼91%

Net result drops to €11k, the lowest in the series; recovery starts the following year.

14-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Geel · 1 establishment unit since 2020

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Markt 51A2440 Geel

Ground area

629 m²

Building footprint

357 m²

Volume, LiDAR

3,327 m³

Parcel 13008H0482/00G000, Flanders · tallest building 17.4 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

Caro's

Markt 51A, 2440 GeelFood and beverage service activities

since 20202.307.316.729

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13008H0482/00G000	Flanders	629 m²	1 · 357 m²	17.4 m · 3 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Recognitions · licences · registrations

Food safety, FASFC

1 site

Geel2.307.316.729

1 permission

Toelating · Eetgelegenheid · since 10-02-2021

Similar companies · same sector, comparable size

Of 20,495 companies in sector 56111 we hold annual accounts for 11,458. 8,841 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded18-09-2020

Fiscal year end31-12

Activities, NACEBEL

56101Full-service restaurants

56111Full-service restaurants

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.