Equity
€27,517 from €98,183 in 2024
Equity fell by 72% in 2 years.
CAROUD
Lifetime
9 annual accounts with figures on one time axispeak €229,335 (2026)
€229,335▲ 14.5%
lowest -€23,031 (2017)
€57,009▲ 121%
peak €98,183 (2024)
€27,517▼ 69.9%
€336,602▲ 46.8%
peak 4.1 FTE (2019)
-not published
Board2 names since 2016
1 directorElke Damme
Documentsfilings and deeds
10-06-202682 days before the deadline
2026micro format
Gross margin from €200,352 to €229,335Result from €25,809 to €57,009Dividend €121,000Equity from €91,508 to €27,517Debts from €229,259 to €336,602Investments €11,398
Key points
from the 2026 annual accountsDebts
€336,602 92% of the balance sheet
Financial debts 3%Suppliers 49%Taxes and wages 11%Other 37%
Of this, €326,271 falls due within a year.
Investments
€24,137 4.9 × depreciation
Green is investment, beige is depreciation. Machinery stands 209.2% higher than in 2025.
Staff
6.2 FTE from 16.3 in 2022
Between 2022 and 2026, 62% of the full-time equivalents disappeared.
Filings
9 annual accounts 1 late
The 2018 accounts came 12 days late. The other eight were filed on time.
Position in the sector
€57,009
Higher net result than 88% of companies in retail trade. Sector median €5,011 · 750 companies.
Checked score
84
Excellent
Financially stronger than 42% of micro companies in retail trade (NACE 47)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,275 companies (NACE 47, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026lowest value
04-2026: 0.2%● unchanged vs 03-2026lowest value
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.4%▲ +0.2 percentage points vs 06-2026highest value
08-2026: 0.4%● unchanged vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.3%▼ -0.1 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Equity €27,517 (7.6% of total assets)
Sector: Retail trade (NACE 47)
lowers risk
Size: total assets €364,119
Liquidity: current ratio 1.02, cash €209,018
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 47, micro). It does better than 25% of them on solvency, 54% on liquidity, 83% on profitability and 8% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-01-2026.
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, 1,325 companies had the same profile as CAROUD has now. Each dot stands for 4 companies, two years later.
95.2%
were still trading
3.2%
stopped another way
1.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CAROUD itself: 0.3% within 12 months.
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 1,325 companies, not a prediction for CAROUD. 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 €2,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.02 (1.37 in 2025), below the usual 1.5. Short-term debt is 89.6% and cash 57.4% of total assets. 92.4% 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 24% of 752 sector peers (2026).
NBB · sector comparisonPosition among 752 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 10-06-2026, 82 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2026
82 days early
2025
62 days early
2024
74 days early
2023
55 days early
2022
64 days early
2020
32 days early
2019
on the day
← 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 53 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. The company usually files around 28 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-01-2027 year end31-08-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0654873625
Resignation: Elke Damme (director)
Reappointment: Elke Damme (director) · Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 18-12-2021 · Gazette deed
Resignation: Pieter Muys (managing director)
Director discharge: Pieter Muys (managing director) · General meeting of 04-05-2020 · Gazette deed
Incorporation
published on 24-05-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CAROUD Oudenaarde | €364,119 | €229,335 | 7.6% | - |
| JURTAN Dendermonde | €424,586 | €178,670 | 10.3% | 8.8 |
| BAM Ghent | €370,651 | €231,521 | 5.0% | 3 |
| ERGUN'S MARKET Ghent | €383,631 | €163,046 | 67.4% | - |
| FOODIES & CO Braine-l'Alleud | €393,159 | €226,923 | 26.6% | 4.3 |
| M.M.A.C. & Co Aubange | €354,715 | €202,010 | -8.8% | 2.8 |
| BDM Saint-Georges Saint-Georges-sur-Meuse | €335,349 | €244,212 | 51.7% | - |
These companies have the same main activity as CAROUD: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €335,000 and €425,000, founded between 2015 and 2018.
Official details
Source: KBO- Status
- Active since 20-05-2016Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110and 1 other
- Establishment unit
- 2.253.166.0829700 Oudenaarde, since 20-05-2016
- Financial year end
- 31 January
- Peppol
- Reachable since 19-12-2025
Annual accounts to 31-01-2026
- ≈ €1.9mestimated
- €364,119▲ 13.5%
- Employeeson 31-01-2026
- 6▼ 45.5%
- Filing
- Filed on 10-06-2026, 82 days before the end of the filing period
Insights on CAROUD
CAROUD files the micro format. That format states no turnover. The gross margin rose from €145,138 in 2017 to €229,335 in 2026.
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 CAROUD
- What is the company number of CAROUD?
- The company number of CAROUD is 0654.873.625. The VAT number is the same number with BE in front: BE 0654.873.625.
- Where is CAROUD based?
- The registered office is at Diependale 46, 9700 Oudenaarde.Company details
- What does CAROUD do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of CAROUD?
- CAROUD is a private limited company (BV).
- When was CAROUD founded?
- CAROUD was founded on 20-05-2016.
- Is CAROUD still active?
- Yes, CAROUD is an active enterprise in the KBO register.
- How many employees does CAROUD have?
- CAROUD had an average of 6.2 full-time equivalents in financial year 2026, according to the filed annual accounts.Financials
- What is the turnover of CAROUD?
- The turnover in financial year 2026 is ≈ €1.9m. This figure is estimated from the gross margin of €229,335 and 70 comparable companies (NACE 47110). It probably lies between €1.3m and €2.5m.
- Is CAROUD profitable?
- In financial year 2026, CAROUD made a profit of €57,009.
- Where can I find the annual accounts of CAROUD?
- CAROUD filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of CAROUD due?
- CAROUD must file the annual accounts for financial year 2027 by 31-08-2027.Timeline
Next steps
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