CARODEL
ActiveCARODEL has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €74k and a net result of €276k. Equity is growing by ~29.4% per year across the filed fiscal years. Its solvency ranks better than 17% of 4530 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+1
Solvency29▲+1
Growth38=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.22 against 0.36 in 2024; short-term debt: 21.7% and cash: 4.6% of total assets), and 96.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.9%
Return on assets
14.6%
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 17% of 4530 sector peers (2025).
NBB · sector comparisonPosition among 4530 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 d early
2024
64 d early
2023
57 d early
2022
11 d early
2021
12 d early
2020
30 d early
2019
50 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€6.87M▼ 21.7%
2018 · €8.77M
2018: €8.77M
2018 → 2019
EBIT margin
-11.5%▼ 3.3pp
2018 · -8.1%
2018: -8.1%
2018 → 2019
Net result
€276k▼ 1.4%
2024 · €280k
2018: €-886k
2019: €-1.01M
2020: €-249k
2021: €160k
2022: €223k
2023: €177k
2024: €280k
2018 → 2025
Working capital
€-321k▼ 51.5%
2024 · €-212k
2018: €477k
2019: €-6k
2020: €-450k
2021: €-158k
2022: €17k
2023: €164k
2024: €-212k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-398k-€-175k▲ 55.9%€2k€69k▲ 3,514%€74k▲ 6.8%
Operating result€180k-€277k▲ 53.6%€210k▼ 23.9%€310k▲ 47.4%€301k▼ 2.8%
Net result€160k-€223k▲ 38.8%€177k▼ 20.3%€280k▲ 57.9%€276k▼ 1.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.86M
Fixed assets
€1.77M▼ 3.5%
Current assets
€89k▼ 25.8%
Equity and liabilities €1.89M
Equity
€74k▲ 6.8%
Debt
€1.81M▼ 5.4%
The debt ratio falls from 96.5% to 96.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€370k▼
2024 · €378k
Cash flow
€345k▼
2024 · €348k
Solvency
3.9%▲
2024 · 3.5%
Current ratio
0.22▼
2024 · 0.36
Quick ratio
0.22▼
2024 · 0.36
Debt / equity
24.67▼
2024 · 27.87
ROE
375.2%▼
2024 · 406.6%
ROA
14.6%▲
2024 · 14.1%
Interest coverage
15.00▲
2024 · 12.81
Debt
€1.81M▼
2024 · €1.92M
Debt ≤ 1 year
€410k▲
2024 · €332k
Debt > 1 year
€1.34M▼
2024 · €1.52M
Income taxes
€737▲
2024 · €725
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.99M€1.89M▼
Formation expenses20€31k€26k▼
Fixed assets21/28€1.84M€1.77M▼
Tangible fixed assets22/27€1.84M€1.77M▼
Land and buildings22€1.83M€1.77M▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€1k€715▼
Current assets29/58€120k€89k▼
Amounts receivable within one year40/41€0€160▲
Other amounts receivable41€0€160▲
Cash at bank and in hand54/58€118k€86k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.99M€1.89M▼
Equity10/15€69k€74k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€662€5k▲
Amounts payable17/49€1.92M€1.81M▼
Amounts payable after more than one year17€1.52M€1.34M▼
Financial debts170/4€446k€355k▼
Other amounts payable178/9€1.07M€986k▼
Amounts payable within one year42/48€332k€410k▲
Current portion of amounts payable after more than one year42€90k€91k▲
Trade debts44€15k€11k▼
Suppliers440/4€15k€11k▼
Taxes, remuneration and social security45€725€737▲
Taxes450/3€725€737▲
Other amounts payable47/48€227k€308k▲
Accrued charges and deferred income492/3€67k€63k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€68k€69k▲
Other operating charges640/8€55k€57k▲
Gross operating margin9900€432k€427k▼
Operating profit (loss)9901€310k€301k▼
Financial income75/76B€160€5▼
Recurring financial income75€160€5▼
Financial charges65/66B€30k€25k▼
Recurring financial charges65€30k€25k▼
Profit (loss) for the period before taxes9903€281k€277k▼
Income taxes67/77€725€737▲
Profit (loss) for the period9904€280k€276k▼
Profit (loss) for the period to be appropriated9905€280k€276k▼
Appropriation of the result
Profit (loss) to be appropriated9906€214k€277k▲
Profit (loss) brought forward from the previous period14P€-66k€662▲
Profit to be distributed694/7€213k€271k▲
Return on contributions (dividend)694€213k€271k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €280k ▲57.9%
Operating result €310k, net result €280k, both a record.
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity doublescurrent ratio 2.51
Current ratio from 1.08 to 2.51; short-term debt falls from €212k to €108k.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.08
Current ratio from 0.51 to 1.08; short-term debt falls from €323k to €212k.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €160k
Net result €160k after 3 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
11-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €-1.01M
Net result drops to €-1.01M, the lowest in the series; recovery starts the following year.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
10 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, Zottegem · 1 establishment unit since 1986
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.
Munkbosstraat 109620 ZottegemGround area
3,272 m²
Building footprint
1,080 m²
Volume, LiDAR
6,129 m³
Parcel 41069A0027/00H000, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CARODEL
since 19862.035.637.149
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41069A0027/00H000 | Flanders | 3,272 m² | 1 · 1,080 m² | 9.6 m · 2 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Recognitions · licences · registrations
Legal Entity Identifier
549300830LS273ZR4W96
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,382. 3,530 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-08-1986
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.