Caroline Costermans
ActiveSummary
Caroline Costermans has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €94k. Equity is shrinking by ~24.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 8% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▼-1
Solvency29▼-4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.08 in 2024; short-term debt: 57.4% and cash: 89.3% of total assets), but 96.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
3.8%
Return on assets
23.8%
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 8% of 12738 sector peers (2025).
NBB · sector comparisonPosition among 12738 sector peers
Solvency
better than 8%
← 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 20-04-2026, 102 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
102 d early
2024
114 d early
2023
106 d early
2022
5 d early
2021
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€15k=
2024 · €15k
2021: €91k
2022: €150k▲ +65.2% vs 2021
2023: €280k▲ +87.1% vs 2022highest in 5 years
2024: €15k▼ -94.6% vs 2023lowest in 5 years
2025: €15k● 0.0% vs 2024lowest in 5 years
2021 → 2025
Total assets
€394k▲ 104%
2024 · €193k
2021: €146klowest in 5 years
2022: €247k▲ +68.7% vs 2021
2023: €330k▲ +33.9% vs 2022
2024: €193k▼ -41.5% vs 2023
2025: €394k▲ +104% vs 2024highest in 5 years
2021 → 2025
Net result
€94k▼ 40.0%
2024 · €157k
2021: €76k
2022: €59k▼ -21.8% vs 2021lowest in 5 years
2023: €130k▲ +121% vs 2022
2024: €157k▲ +20.1% vs 2023highest in 5 years
2025: €94k▼ -40.0% vs 2024
2021 → 2025
Working capital
€167k▲ 1,150%
2024 · €13k
2021: €87k
2022: €149k▲ +70.4% vs 2021
2023: €277k▲ +86.5% vs 2022highest in 5 years
2024: €13k▼ -95.2% vs 2023lowest in 5 years
2025: €167k▲ +1150% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€91k-€150k▲ 65.2%€280k▲ 87.1%€15k▼ 94.6%€15k=
2021: €91k
2022: €150k▲ +65.2% vs 2021
2023: €280k▲ +87.1% vs 2022highest in 5 years
2024: €15k▼ -94.6% vs 2023lowest in 5 years
2025: €15k● 0.0% vs 2024lowest in 5 years
Operating result€95k-€77k▼ 18.6%€170k▲ 120%€206k▲ 21.2%€125k▼ 39.3%
2021: €95k
2022: €77k▼ -18.6% vs 2021lowest in 5 years
2023: €170k▲ +120% vs 2022
2024: €206k▲ +21.2% vs 2023highest in 5 years
2025: €125k▼ -39.3% vs 2024
Net result€76k-€59k▼ 21.8%€130k▲ 121%€157k▲ 20.1%€94k▼ 40.0%
2021: €76k
2022: €59k▼ -21.8% vs 2021lowest in 5 years
2023: €130k▲ +121% vs 2022
2024: €157k▲ +20.1% vs 2023highest in 5 years
2025: €94k▼ -40.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €394k
Fixed assets
€1k ▼ 66.7%
Current assets
€393k ▲ 107%
Equity and liabilities €394k
Equity
€15k =
Debt
€379k ▲ 113%
Debt's share of the balance-sheet total rises from 92.2% to 96.2%. Debt is higher.
Key figures and ratios
EBITDA
€127k▼
2024 · €208k
Cash flow
€96k▼
2024 · €159k
Current ratio
1.74▲
2024 · 1.08
Debt to equity
25.27▲
2024 · 11.88
ROE
625.7%
ROA
23.8%▼
2024 · 81.0%
Interest coverage
34.52▼
2024 · 147.01
Debt ≤ 1 year
€226k▲
2024 · €177k
Debt > 1 year
€150k
Income taxes
€27k▼
2024 · €48k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€193k€394k▲
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Furniture and vehicles24€3k€1k▼
Current assets29/58€190k€393k▲
Amounts receivable within one year40/41€118k€36k▼
Trade receivables40€107k€6k▼
Other amounts receivable41€11k€31k▲
Current investments50/53€0-
Cash at bank and in hand54/58€65k€352k▲
Deferred charges and accrued income490/1€7k€5k▼
Equity and liabilities
Total equity and liabilities10/49€193k€394k▲
Equity10/15€15k€15k=
Contributions10/11€15k€15k=
Reserves13€0-
Distributable reserves133€0-
Profit (loss) carried forward14€0€0=
Amounts payable17/49€178k€379k▲
Amounts payable after more than one year17-€150k
Other amounts payable178/9-€150k
Amounts payable within one year42/48€177k€226k▲
Financial debts43-€160k
Other loans439-€160k
Trade debts44€9k€6k▼
Suppliers440/4€9k€6k▼
Taxes, remuneration and social security45€11k€18k▲
Taxes450/3€11k€18k▲
Other amounts payable47/48€157k€43k▼
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€209k€128k▼
Operating profit (loss)9901€206k€125k▼
Financial income75/76B€185€0▼
Recurring financial income75€185€0▼
Financial charges65/66B€1k€4k▲
Recurring financial charges65€1k€4k▲
Profit (loss) for the period before taxes9903€204k€121k▼
Income taxes67/77€48k€27k▼
Profit (loss) for the period9904€157k€94k▼
Profit (loss) for the period to be appropriated9905€157k€94k▼
Appropriation of the result
Profit (loss) to be appropriated9906€157k€94k▼
Transfer from equity791/2€265k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€422k€94k▼
Return on contributions (dividend)694€422k€94k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €2k | €2k | €2k | ▲ 5.5% |
| Other operating charges640/8 | €946 | €102 | €519 | €1k | €1k | ▲ 29.1% |
| Gross operating margin9900 | €97k | €79k | €172k | €209k | €128k | ▼ 38.5% |
| Operating profit (loss)9901 | €95k | €77k | €170k | €206k | €125k | ▼ 39.3% |
| Financial income75/76B | €47 | €0 | €3k | €185 | €0 | ▼ 100% |
| Recurring financial income75 | €47 | €0 | €3k | €185 | €0 | ▼ 100% |
| Financial charges65/66B | €14 | €1k | €3k | €1k | €4k | ▲ 160% |
| Recurring financial charges65 | €14 | €1k | €3k | €1k | €4k | ▲ 160% |
| Profit (loss) for the period before taxes9903 | €95k | €76k | €170k | €204k | €121k | ▼ 40.7% |
| Income taxes67/77 | €19k | €16k | €40k | €48k | €27k | ▼ 42.9% |
| Profit (loss) for the period9904 | €76k | €59k | €130k | €157k | €94k | ▼ 40.0% |
| Profit (loss) for the period to be appropriated9905 | €76k | €59k | €130k | €157k | €94k | ▼ 40.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146k | €247k | €330k | €193k | €394k | ▲ 104% |
| Fixed assets21/28 | €3k | €2k | €5k | €3k | €1k | ▼ 66.7% |
| Tangible fixed assets22/27 | €3k | €2k | €5k | €3k | €1k | ▼ 66.7% |
| Furniture and vehicles24 | €3k | €2k | €5k | €3k | €1k | ▼ 66.7% |
| Current assets29/58 | €143k | €245k | €325k | €190k | €393k | ▲ 107% |
| Amounts receivable within one year40/41 | €48k | €29k | €69k | €118k | €36k | ▼ 69.3% |
| Trade receivables40 | €48k | €28k | €69k | €107k | €6k | ▼ 94.7% |
| Other amounts receivable41 | - | €1k | €0 | €11k | €31k | ▲ 182% |
| Current investments50/53 | - | - | €100k | €0 | - | - |
| Cash at bank and in hand54/58 | €95k | €210k | €147k | €65k | €352k | ▲ 444% |
| Deferred charges and accrued income490/1 | - | €7k | €10k | €7k | €5k | ▼ 34.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146k | €247k | €330k | €193k | €394k | ▲ 104% |
| Equity10/15 | €91k | €150k | €280k | €15k | €15k | = |
| Contributions10/11 | €15k | €15k | €15k | €15k | €15k | = |
| Reserves13 | €76k | €135k | €265k | €0 | - | - |
| Distributable reserves133 | €76k | €135k | €265k | €0 | - | - |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €56k | €97k | €50k | €178k | €379k | ▲ 113% |
| Amounts payable after more than one year17 | - | - | - | - | €150k | - |
| Other amounts payable178/9 | - | - | - | - | €150k | - |
| Amounts payable within one year42/48 | €56k | €96k | €48k | €177k | €226k | ▲ 28.1% |
| Financial debts43 | - | - | - | - | €160k | - |
| Other loans439 | - | - | - | - | €160k | - |
| Trade debts44 | €3k | €9k | €5k | €9k | €6k | ▼ 35.9% |
| Suppliers440/4 | €3k | €9k | €5k | €9k | €6k | ▼ 35.9% |
| Taxes, remuneration and social security45 | €21k | €10k | €30k | €11k | €18k | ▲ 55.6% |
| Taxes450/3 | €21k | €10k | €30k | €11k | €18k | ▲ 55.6% |
| Other amounts payable47/48 | €32k | €77k | €13k | €157k | €43k | ▼ 72.4% |
| Accrued charges and deferred income492/3 | - | €862 | €3k | €2k | €3k | ▲ 92.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €76k | €59k | €130k | €157k | €94k | ▼ 40.0% |
| + Depreciation and write-downs630 | €1k | €2k | €2k | €2k | €2k | ▲ 5.5% |
| Operating cash flow (approximation) | €77k | €61k | €132k | €159k | €96k | ▼ 39.5% |
| Investment in fixed assets (approximation) | - | €0 | €-5k | €0 | €0 | - |
| Change in cash | - | €115k | €-63k | €-82k | €287k | ▲ 451% |
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
2026
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2021net €157k ▲20.1%
Operating result €206k, net result €157k, both a record.
15-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Liquidity triplescurrent ratio 6.80
Current ratio from 2.55 to 6.80; short-term debt falls from €96k to €48k.
30-09
Financial
Equity above €200kEq €280k ▲87.1%
3 profitable years in a row build equity to €280k.
25-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Weakest financial yearnet €59k ▼21.8%
Net result drops to €59k, the lowest in the series; recovery starts the following year.
30-09
Financial
Equity above €100kEq €150k ▲65.2%
2 profitable years in a row build equity to €150k.
14-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Brasschaat · 1 establishment unit since 2020
Ground area
1.4 ha
Building footprint
601 m²
Volume, LiDAR
3,418 m³
Parcel 11008A0355/00A000, Flanders · tallest building 15.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Caroline Costermans
since 20202.307.012.663
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11008A0355/00A000 | Flanders | 1.4 ha | 1 · 601 m² | 15.6 m · 2 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.
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Of 22,056 companies in sector 69101 we hold annual accounts for 9,055. 5,594 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
Founded14-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.