Carol'Or
ActiveCarol'Or has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2023 annual accounts show equity of €18k and a net result of €6k. Equity is shrinking by ~29.9% per year across the filed fiscal years. Its solvency ranks better than 18% of 8573 sector peers (fiscal year 2023). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2023
84
/ 100
Excellent▲ +18 vs 2022
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability100▲+30
Solvency22=
Growth38=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.26 against 1.35 in 2022), and 92.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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 2023Solvency, return and age of the figures
Solvency
7.7%
Return on assets
2.6%
Age of the figures
33 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 8573 sector peers (2023).
NBB · sector comparisonPosition among 8573 sector peers
Solvency
better than 18%
← weakest
strongest →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 4 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline16-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 10-10-2024, 71 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
71 d late
2022
60 d late
2021
80 d late
2020
16 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Turnover
€376▲ 20,789%
2022 · €2
2021: €646
2022: €2
2021 → 2023
EBIT margin
1638.0%▼ 35252.5pp
2022 · 36890.6%
2021: 1784.8%
2022: 36890.6%
2021 → 2023
Net result
€6k▲ 2,610%
2022 · €220
2020: €-2k
2021: €11k
2022: €220
2020 → 2023
Working capital
€48k▼ 29.2%
2022 · €68k
2020: €51k
2021: €45k
2022: €68k
2020 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Turnover€646€2▼ 99.7%€376▲ 20,789%
Equity€51k-€37k▼ 27.5%€12k▼ 67.8%€18k▲ 50.4%
Operating result€-2k-€12k€664▼ 94.2%€6k▲ 828%
Net result€-2k-€11k€220▼ 98.0%€6k▲ 2,610%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 828% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €232k
Fixed assets
€328▼ 64.8%
Current assets
€232k▼ 11.4%
Equity and liabilities €232k
Equity
€18k▲ 50.4%
Provisions
€31k▲ 47.5%
Debt
€183k▼ 20.1%
The debt ratio falls from 87.5% to 79.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€6k▼
2022 · €26k
Cash flow
€6k▼
2022 · €26k
Solvency
7.7%▲
2022 · 4.5%
Current ratio
1.26▼
2022 · 1.35
Quick ratio
1.26▼
2022 · 1.35
Debt / equity
10.32▼
2022 · 19.42
ROE
33.5%▲
2022 · 1.9%
ROA
2.6%▲
2022 · 0.1%
Interest coverage
15.69▼
2022 · 58.22
Debt
€183k▼
2022 · €230k
Debt ≤ 1 year
€183k▼
2022 · €193k
Income taxes
€84▲
2022 · €3
Staff costs
€17k▼
2022 · €24k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€262k€232k▼
Fixed assets21/28€931€328▼
Tangible fixed assets22/27€802€199▼
Land and buildings22€0-
Other tangible fixed assets26€802€199▼
Financial fixed assets28€129€129=
Current assets29/58€262k€232k▼
Amounts receivable within one year40/41€15k€16k▲
Trade receivables40€794€5k▲
Other amounts receivable41€14k€11k▼
Cash at bank and in hand54/58€245k€216k▼
Deferred charges and accrued income490/1€1k€40▼
Equity and liabilities
Total equity and liabilities10/49€262k€232k▼
Equity10/15€12k€18k▲
Profit (loss) carried forward14€12k€18k▲
Investment grants15€0€0=
Provisions and deferred taxes16€21k€31k▲
Provisions for liabilities and charges160/5€950€895▼
Other liabilities and charges164/5€950€895▼
Amounts payable17/49€230k€183k▼
Amounts payable within one year42/48€193k€183k▼
Trade debts44€8k€2k▼
Suppliers440/4€8k€2k▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€17€0▼
Remuneration and social security454/9€2k€3k▲
Accrued charges and deferred income492/3€36k€0▼
Income statement
Code20222023
Turnover70€2€376▲
Goods, raw materials, services and sundry goods60/61€18k€18k▲
Remuneration, social security and pensions62€24k€17k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26k€120▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-75€0▲
Other operating charges640/8€219€0▼
Non-recurring operating charges66A€660€483▼
Gross operating margin9900€71k€34k▼
Operating profit (loss)9901€664€6k▲
Financial income75/76B€12€281▲
Recurring financial income75€12€281▲
Financial charges65/66B€453€400▼
Recurring financial charges65€453€400▼
Profit (loss) for the period before taxes9903€223€6k▲
Income taxes67/77€3€84▲
Profit (loss) for the period9904€220€6k▲
Profit (loss) for the period to be appropriated9905€220€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€12k€18k▲
Profit (loss) brought forward from the previous period14P€12k€12k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2024
10-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 71 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
19-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 80 days late
2021
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
16-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2023
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
15-05-2023
Jean-Stéphane Moës: Resigned as Director
15-05-2023
Nicolas Leroy: Resigned as Director
16-04-2021
Papageorgiadis Jean: Resigned as Director
15-12-2020
Gérard Philippe: Resigned as Director
15-12-2020
Vincent LORGE: Resigned as Director
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2020
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.
Rue du Transvaal 1686010 CharleroiGround area
601 m²
Building footprint
220 m²
Volume, LiDAR
3,123 m³
2 parcels, Wallonia · tallest building 19.1 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Bureaux Carol'or
since 20202.306.126.597
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52014B0057/00F006 | Wallonia | 378 m² | 1 · 72 m² | 11.0 m · 3 fl. |
| 52011B0021/00T002 | Wallonia | 223 m² | 1 · 149 m² | 19.1 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,397. 5,596 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded25-01-2019
Fiscal year end31-12
Abbreviation FR
CR
Activities, NACEBEL
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.