Equity
€73,566 from €5.9m in 2007
Equity fell by 99% in 18 years.
CARODEL
Lifetime
20 annual accounts with figures on one time axis, 39 filings since 1987peak €19.1m (2011)
-not published
lowest -€1.0m (2019)
€276,055▼ 1.4%
peak €5.9m (2007)
€73,566▲ 6.8%
€1.8m▼ 5.4%
peak 32.1 FTE (2007)
-not published
Board5 names since 2020
2 directorsMUNCKBOS and 1 other
Owners2 names in the annual accounts
100%WIVANLA
Documentsfilings and deeds
22-07-20269 days before the deadline
2025financial year
Dividend €271,350
Key points
from the 2025 annual accountsTurnover
≈ €760,000 estimated
The accounts state no turnover.
Debts
€1.8m 96% of the balance sheet
Financial debts 20%Suppliers 1%Taxes and wages 0%Other 80%
Of this, €410,364 falls due within a year.
Filings
39 annual accounts since 1987
The last five annual accounts were filed 9 to 64 days before the end of the period.
At the same address
5 companies
Position in the sector
3.9%
Lower solvency than 82% of companies in real estate. Sector median 38.2% · 5,810 companies.
Checked score
94
Excellent
Financially stronger than 54% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026highest value
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €73,566 (3.9% of total assets)
lowers risk
Size: total assets €1.9m
Figures for financial year 2025 (filed on 22-07-2026)
Founded in 1986
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 25% of them on solvency, 45% on liquidity, 84% on profitability and 62% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 496 companies had the same profile as CARODEL has now. Each dot is one company, two years later.
95.6%
were still trading
3.2%
stopped another way
1.2%
went bankrupt
The bankruptcy probability of CARODEL itself is lower: 0.1% within 12 months. It rests on far more data about CARODEL than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 496 companies, not a prediction for CARODEL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.22 (0.36 in 2024), below 1. Short-term debt is 21.7% and cash 4.6% of total assets. 96.1% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 5810 sector peers (2025).
NBB · sector comparisonPosition among 5810 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 days early
2024
64 days early
2023
57 days early
2022
11 days early
2021
12 days early
2020
30 days early
2019
50 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 19 July (4 of the last 5 accounts filed within 44 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0429184022
2 directors appointed
William VAN LANCKER and MUNCKBOS (managing director and chair of the board) · Permanent representative: Bernard VAN LANCKER · General meeting of 20-07-2022 · Gazette deed
1 director appointed, 2 resignations
Resignations: Van Lancker Bernard and Debandt Catherine · Appointment: MUNCKBOS (sole director) · Permanent representative: Van Lancker Bernard · General meeting of 14-02-2022 · Gazette deed
Registered office moved from Ronse to Zottegem
New registered office: Munckbosstraat 10, 9620 Zottegem · Previous registered office: Klein Frankrijkstraat 33, 9600 Ronse · Reappointments: Van Lancker Bernard (managing director and chair of the board) and Debandt Catherine (director) · Board meeting of 01-09-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CARODEL Zottegem | €1.9m | €426,685 | 3.9% | - |
| I.D. CONSULT Aalter | €1.5m | €419,933 | 69.0% | - |
| ALTES Antwerp | €1.8m | €410,216 | 40.5% | - |
| JPM-EVP Ghent | €2.7m | €462,738 | 33.4% | - |
| DBS - BEKISTING Zele | €1.3m | €367,993 | 37.9% | 2 |
| Designstudio JLT Maarkedal | €1.8m | €219,809 | 18.6% | - |
| Gents Milieufront Ghent | €1.5m | €682,971 | 77.0% | - |
These companies have the same main activity as CARODEL: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €1.3m and €2.7m, founded between 1976 and 1991.
Official details
Source: KBO- Status
- Active since 06-08-1986Normal situation
- Activity
- Buying and selling of own real estateNACE 68110
- Establishment unit
- 2.035.637.1499620 Zottegem, since 14-08-1986
- Financial year end
- 31 December
- Peppol
- Reachable since 24-07-2026
Annual accounts 2025
- €1.9m▼ 5.0%
- Filing
- Filed on 22-07-2026, 9 days before the end of the filing period
Insights on CARODEL
CARODEL has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73,566 and a net result of €276,055.
Equity has been growing by about 29% per year since 2018. Its solvency ranks better than 17% of 5,810 sector peers (NACE 68, financial year 2025).
The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CARODEL
- What is the company number of CARODEL?
- The company number of CARODEL is 0429.184.022. The VAT number is the same number with BE in front: BE 0429.184.022.
- Where is CARODEL based?
- The registered office is at Munkbosstraat 10, 9620 Zottegem.Company details
- What does CARODEL do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of CARODEL?
- CARODEL is a public limited company (NV).
- When was CARODEL founded?
- CARODEL was founded on 06-08-1986.
- Is CARODEL still active?
- Yes, CARODEL is an active enterprise in the KBO register.
- How many employees does CARODEL have?
- CARODEL had an average of 0.7 full-time equivalents in financial year 2021, according to the filed annual accounts.Financials
- What is the turnover of CARODEL?
- The turnover in financial year 2025 is ≈ €760,000. This figure is estimated from the gross margin of €426,685 and 40 comparable companies (NACE 681). It probably lies between €570,000 and €1.2m. In financial year 2019 turnover was €6.9m.
- Is CARODEL profitable?
- In financial year 2025, CARODEL made a profit of €276,055.
- Where can I find the annual accounts of CARODEL?
- CARODEL filed 39 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CARODEL due?
- CARODEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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