CAROLINE
ActiveSummary
CAROLINE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €26,376 and a net result of €49,057. Equity is growing by ~15% per year across the filed fiscal years. Its solvency ranks better than 36% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency42▲+42
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Liquidity short (current ratio 0.87 against 0.52 in 2023; short-term debt: 82.9% and cash: 24% of total assets), and 82.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← 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
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 2024Solvency, return and age of the figures
Solvency
17.1%
Return on assets
31.9%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-12-2025, 127 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
127 d late
2023
138 d late
2021
31 d late
2020
30 d late
2019
111 d late
2018
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 83 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€231,139▼ 58.4%
2019 · €555,101
EBIT margin
-6.0%▼ 6.4pp
2019 · 0.4%
Net result
€49,057▲ 59.7%
2023 · €30,718
Working capital
-€16,142▲ 69.7%
2023 · -€53,252
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120232024
Turnover€555,101€231,139
Operating result€2,497▼ 90.3%-€4,686-€13,807▼ 195%€39,667-€63,193▲ 59.3%
Net result-€1,496-€5,371below the sector's middle half▼ 259%-€14,937below the sector's middle half▼ 178%€30,718above the sector's middle half-€49,057above the sector's middle half▲ 59.7%
EBIT margin0.4%-6.0%
Equity-€55,314▼ 2.8%-€60,685below the sector's middle half▼ 9.7%-€75,623below the sector's middle half▼ 24.6%-€22,681below the sector's middle half-€26,376within the sector's middle half
Total assets€55,749▲ 22.4%€106,024within the sector's middle half▲ 90.2%€94,449within the sector's middle half▼ 10.9%€91,269within the sector's middle half-€153,859within the sector's middle half▲ 68.6%
Debt€111,063▲ 11.8%€166,709▲ 50.1%€170,072▲ 2.0%€113,951-€127,483▲ 11.9%
Working capital-€62,069▼ 5.1%-€76,561below the sector's middle half▼ 23.3%-€81,141below the sector's middle half▼ 6.0%-€53,252below the sector's middle half--€16,142below the sector's middle half▲ 69.7%
Solvency-99.2%▲ 19.0pp-57.2%below the sector's middle half▲ 42.0pp-80.1%below the sector's middle half▼ 22.8pp-24.9%below the sector's middle half-17.1%within the sector's middle half▲ 42.0pp
Current ratio0.44▲ 0.040.42below the sector's middle half▼ 0.020.42below the sector's middle half=0.52below the sector's middle half-0.87within the sector's middle half▲ 0.36
Return on assets (ROA)-2.7%▼ 50.5pp-5.1%below the sector's middle half▼ 2.4pp-15.8%below the sector's middle half▼ 10.7pp33.7%above the sector's middle half-31.9%above the sector's middle half▼ 1.8pp
Staff (FTE)1▼ 41.2%1within the sector's middle half=1=2.6-3.5▲ 34.6%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, 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 per fiscal year
Operating resultNet result
The operating result rises in 2024; 2024 is 59% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €153,859
Fixed assets
€42,518 ▲ 23.9%
Current assets
€111,341 ▲ 95.5%
Equity and liabilities €153,859
Equity
€26,376
Debt
€127,483
Debt finances 82.9% of the balance-sheet total.
Key figures and ratios
EBITDA
€76,996▲
2023 · €55,001
Cash flow
€62,860▲
2023 · €46,053
Quick ratio
0.55▲
2023 · 0.16
Debt to equity
4.83▲
2023 · -5.02
ROE
186.0%
Interest coverage
7.48▲
2023 · 6.49
Debt ≤ 1 year
€127,483▲
2023 · €110,200
Debt > 1 year
€0▼
2023 · €3,750
Income taxes
€3,847▲
2023 · €478
Staff costs
€67,217▲
2023 · €50,429
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
3.7%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,338 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% | 1.9% |
| 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 3,818 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.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €555,101 | - | €231,139 | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €250,689 | - | - | - |
| Remuneration, social security and pensions62 | - | - | €5,973 | €50,429 | €67,217 | ▲ 33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,778 | €8,625 | €14,287 | €15,334 | €13,803 | ▼ 10.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €45,500 | - | - | - |
| Other operating charges640/8 | - | - | €1,838 | €1,817 | €3,554 | ▲ 95.5% |
| Gross operating margin9900 | €35,461 | €27,545 | €53,790 | €107,247 | €147,767 | ▲ 37.8% |
| Operating profit (loss)9901 | €2,497 | -€4,686 | -€13,807 | €39,667 | €63,193 | ▲ 59.3% |
| Financial income75/76B | - | - | €1 | €0 | €0 | - |
| Recurring financial income75 | €86 | €106 | €1 | €0 | €0 | - |
| Financial charges65/66B | - | - | €903 | €8,470 | €10,289 | ▲ 21.5% |
| Recurring financial charges65 | €4,079 | €716 | €903 | €8,470 | €10,289 | ▲ 21.5% |
| Profit (loss) for the period before taxes9903 | -€1,496 | -€5,296 | -€14,709 | €31,197 | €52,904 | ▲ 69.6% |
| Income taxes67/77 | - | €75 | €228 | €478 | €3,847 | ▲ 704% |
| Profit (loss) for the period9904 | -€1,496 | -€5,371 | -€14,937 | €30,718 | €49,057 | ▲ 59.7% |
| Profit (loss) for the period to be appropriated9905 | -€1,496 | -€5,371 | -€14,937 | €30,718 | €49,057 | ▲ 59.7% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €55,749 | €106,024 | €94,449 | €91,269 | €153,859 | ▲ 68.6% |
| Formation expenses20 | €1,715 | €0 | €0 | €0 | €0 | - |
| Fixed assets21/28 | €5,040 | €50,254 | €35,968 | €34,321 | €42,518 | ▲ 23.9% |
| Tangible fixed assets22/27 | €5,040 | €50,254 | €35,968 | €34,321 | €42,518 | ▲ 23.9% |
| Land and buildings22 | - | - | - | €26,784 | €31,558 | ▲ 17.8% |
| Plant, machinery and equipment23 | - | - | €0 | €2,240 | €1,971 | ▼ 12.0% |
| Furniture and vehicles24 | - | - | €355 | €2,555 | €8,990 | ▲ 252% |
| Leasing and similar rights25 | - | - | €34,038 | €2,306 | - | - |
| Other tangible fixed assets26 | - | - | €1,575 | €437 | - | - |
| Current assets29/58 | €48,994 | €55,770 | €58,481 | €56,949 | €111,341 | ▲ 95.5% |
| Stocks and contracts in progress3 | €39,603 | €50,853 | €26,876 | €39,628 | €41,348 | ▲ 4.3% |
| Stocks30/36 | - | - | €26,876 | €39,628 | €41,348 | ▲ 4.3% |
| Amounts receivable within one year40/41 | €3,549 | €929 | €2,642 | €14,735 | €30,202 | ▲ 105% |
| Trade receivables40 | - | - | - | - | €15,541 | - |
| Other amounts receivable41 | - | - | €2,642 | €14,735 | €14,661 | ▼ 0.5% |
| Cash at bank and in hand54/58 | €5,842 | €891 | €22,254 | €2,404 | €36,854 | ▲ 1,433% |
| Deferred charges and accrued income490/1 | - | - | €6,709 | €181 | €2,937 | ▲ 1,524% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €55,749 | €106,024 | €94,449 | €91,269 | €153,859 | ▲ 68.6% |
| Equity10/15 | -€55,314 | -€60,685 | -€75,623 | -€22,681 | €26,376 | ▲ 216% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | - | - | - |
| Issued capital100 | - | - | €18,600 | - | - | - |
| Reserves13 | €8 | €8 | €8 | €8 | €7,508 | ▲ 90,036% |
| Non-distributable reserves130/1 | - | - | €8 | €8 | €8 | = |
| Legal reserve130 | - | - | €8 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €8 | €8 | = |
| Distributable reserves133 | - | - | - | - | €7,500 | - |
| Profit (loss) carried forward14 | -€73,922 | -€79,293 | -€94,231 | -€41,290 | €268 | ▲ 101% |
| Amounts payable17/49 | €111,063 | €166,709 | €170,072 | €113,951 | €127,483 | ▲ 11.9% |
| Amounts payable after more than one year17 | - | €34,379 | €30,449 | €3,750 | €0 | ▼ 100% |
| Financial debts170/4 | - | - | €30,449 | €3,750 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €111,063 | €132,330 | €139,623 | €110,200 | €127,483 | ▲ 15.7% |
| Current portion of amounts payable after more than one year42 | - | - | €5,411 | €6,430 | €3,750 | ▼ 41.7% |
| Trade debts44 | €24,197 | €38,746 | €98,308 | €8,902 | €3,965 | ▼ 55.5% |
| Suppliers440/4 | - | - | €98,308 | €8,902 | €3,965 | ▼ 55.5% |
| Taxes, remuneration and social security45 | - | - | €4,035 | €989 | €11,904 | ▲ 1,104% |
| Taxes450/3 | - | - | €4,035 | €890 | €4,736 | ▲ 432% |
| Remuneration and social security454/9 | - | - | €0 | €99 | €7,168 | ▲ 7,147% |
| Other amounts payable47/48 | - | - | €31,868 | €93,879 | €107,863 | ▲ 14.9% |
| Line | 2019 | 2020 | 2021 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,496 | -€5,371 | -€14,937 | €30,718 | €49,057 | ▲ 59.7% |
| + Depreciation and write-downs630 | €2,778 | €8,625 | €14,287 | €15,334 | €13,803 | ▼ 10.0% |
| Operating cash flow (approximation) | €1,282 | €3,254 | -€651 | €46,053 | €62,860 | ▲ 36.5% |
| Investment in fixed assets (approximation) | - | -€53,840 | €0 | - | -€22,000 | - |
| Change in cash | - | -€4,951 | €21,363 | - | €34,449 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
05-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 127 days late
2024
31-12
Financial
Highest result since 2018net €49,057 ▲59.7%
Operating result €63,193, net result €49,057, both a record.
16-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 138 days late
2023
31-12
Financial
Back to profitnet €30,718
Net result €30,718 after 3 loss-making years.
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€14,937
Net result drops to -€14,937, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 111 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Liège · 1 establishment unit since 2016
Ground area
136 m²
Building footprint
73 m²
Volume, LiDAR
624 m³
Parcel 62023B0109/00Z004, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CAROLINE SPRL
since 20162.257.811.392
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62023B0109/00Z004 | Wallonia | 136 m² | 1 · 73 m² | 10.6 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLiège2.257.811.392
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Of 10,509 companies in sector 47110 we hold annual accounts for 5,853. 4,354 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded08-05-2002
Fiscal year end31-12
Activities, NACEBEL 2025
47110Non-specialised retail sale with food, beverages or tobacco predominating
47252Retail sale of beverages, general range
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477467949
Also
9925:BE0477467949
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.