CARPA
ActiveSummary
CARPA has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €465,967 and a net result of €51,097. Equity is growing by ~6.7% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability81▲+8
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 0.43 in 2024; short-term debt: 10.2% and cash: 4.5% of total assets), and 12.8% 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○neutral
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
87.2%
Return on assets
9.6%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
84 d early
2023
30 d early
2022
30 d late
2021
4 d early
2020
47 d late
2019
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 2 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€51,097▲ 192%
2024 · €17,488
Working capital
€12,435
2024 · -€22,767
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€45,365▲ 9.8%€39,352▼ 13.3%€36,084▼ 8.3%€31,612▼ 12.4%€45,070▲ 42.6%
Net result€27,713▲ 17.5%€23,532▼ 15.1%€21,849▼ 7.2%€17,488▼ 20.0%€51,097▲ 192%
Equity€352,002▲ 8.5%€375,534▲ 6.7%€397,382▲ 5.8%€414,870▲ 4.4%€465,967▲ 12.3%
Total assets€510,783▼ 1.8%€493,319▼ 3.4%€483,026▼ 2.1%€474,984▼ 1.7%€534,068▲ 12.4%
Debt€158,781▼ 19.0%€117,786▼ 25.8%€85,644▼ 27.3%€60,114▼ 29.8%€68,101▲ 13.3%
Working capital-€43,566▲ 4.1%-€42,506▲ 2.4%-€29,853▲ 29.8%-€22,767▲ 23.7%€12,435
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 43% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €534,068
Fixed assets
€466,979 ▲ 1.9%
Current assets
€67,089 ▲ 298%
Equity and liabilities €534,068
Equity
€465,967 ▲ 12.3%
Debt
€68,101 ▲ 13.3%
Debt's share of the balance-sheet total rises from 12.7% to 12.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€55,771▲
2024 · €40,798
Cash flow
€61,798▲
2024 · €26,674
Current ratio
1.23▲
2024 · 0.43
Debt to equity
0.15▲
2024 · 0.14
ROE
11.0%▲
2024 · 4.2%
ROA
9.6%▲
2024 · 3.7%
Interest coverage
16.10▲
2024 · 9.83
Debt ≤ 1 year
€54,654▲
2024 · €39,612
Debt > 1 year
€13,446▼
2024 · €20,501
Income taxes
€16,147▲
2024 · €9,974
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,005 | €13,535 | €10,432 | €9,186 | €10,701 | ▲ 16.5% |
| Other operating charges640/8 | €2,174 | €5,029 | €2,907 | €3,509 | €2,843 | ▼ 19.0% |
| Gross operating margin9900 | €62,545 | €57,915 | €49,423 | €44,307 | €58,614 | ▲ 32.3% |
| Operating profit (loss)9901 | €45,365 | €39,352 | €36,084 | €31,612 | €45,070 | ▲ 42.6% |
| Financial income75/76B | - | - | - | - | €25,638 | - |
| Recurring financial income75 | - | - | - | - | €25,638 | - |
| Financial charges65/66B | €6,626 | €6,733 | €5,587 | €4,151 | €3,463 | ▼ 16.6% |
| Recurring financial charges65 | €6,626 | €6,733 | €5,587 | €4,151 | €3,463 | ▼ 16.6% |
| Profit (loss) for the period before taxes9903 | €38,739 | €32,619 | €30,496 | €27,461 | €67,245 | ▲ 145% |
| Income taxes67/77 | €11,027 | €9,087 | €8,648 | €9,974 | €16,147 | ▲ 61.9% |
| Profit (loss) for the period9904 | €27,713 | €23,532 | €21,849 | €17,488 | €51,097 | ▲ 192% |
| Profit (loss) for the period to be appropriated9905 | €27,713 | €23,532 | €21,849 | €17,488 | €51,097 | ▲ 192% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €510,783 | €493,319 | €483,026 | €474,984 | €534,068 | ▲ 12.4% |
| Fixed assets21/28 | €484,363 | €477,757 | €467,324 | €458,139 | €466,979 | ▲ 1.9% |
| Tangible fixed assets22/27 | €164,363 | €157,757 | €147,324 | €138,139 | €146,979 | ▲ 6.4% |
| Land and buildings22 | €159,875 | €152,075 | €144,275 | €136,475 | €128,675 | ▼ 5.7% |
| Plant, machinery and equipment23 | - | €5,682 | €3,049 | €1,664 | €18,304 | ▲ 1,000% |
| Furniture and vehicles24 | €4,488 | - | - | - | - | - |
| Financial fixed assets28 | €320,000 | €320,000 | €320,000 | €320,000 | €320,000 | = |
| Current assets29/58 | €26,420 | €15,563 | €15,702 | €16,845 | €67,089 | ▲ 298% |
| Amounts receivable after more than one year29 | - | - | - | - | €25,000 | - |
| Other amounts receivable291 | - | - | - | - | €25,000 | - |
| Amounts receivable within one year40/41 | €11,000 | €5,500 | €5,500 | €5,572 | €17,295 | ▲ 210% |
| Trade receivables40 | €11,000 | €5,500 | €5,500 | €5,500 | €7,950 | ▲ 44.5% |
| Other amounts receivable41 | - | - | - | €72 | €9,345 | ▲ 12,828% |
| Cash at bank and in hand54/58 | €15,412 | €9,506 | €9,596 | €11,071 | €24,120 | ▲ 118% |
| Deferred charges and accrued income490/1 | €8 | €557 | €606 | €202 | €673 | ▲ 233% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €510,783 | €493,319 | €483,026 | €474,984 | €534,068 | ▲ 12.4% |
| Equity10/15 | €352,002 | €375,534 | €397,382 | €414,870 | €465,967 | ▲ 12.3% |
| Contributions10/11 | €12,400 | €12,400 | €14,260 | €14,260 | €14,260 | = |
| Reserves13 | €1,860 | €1,860 | - | €17,400 | €68,400 | ▲ 293% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €17,400 | €68,400 | ▲ 293% |
| Profit (loss) carried forward14 | €337,742 | €361,274 | €383,122 | €383,210 | €383,307 | = |
| Amounts payable17/49 | €158,781 | €117,786 | €85,644 | €60,114 | €68,101 | ▲ 13.3% |
| Amounts payable after more than one year17 | €88,748 | €59,717 | €40,089 | €20,501 | €13,446 | ▼ 34.4% |
| Financial debts170/4 | €88,748 | €59,717 | €40,089 | €20,501 | €13,446 | ▼ 34.4% |
| Amounts payable within one year42/48 | €69,985 | €58,068 | €45,555 | €39,612 | €54,654 | ▲ 38.0% |
| Current portion of amounts payable after more than one year42 | €40,907 | €28,435 | €19,628 | €19,588 | €25,378 | ▲ 29.6% |
| Trade debts44 | €3,683 | €4,762 | €2,904 | €1,404 | €2,971 | ▲ 112% |
| Suppliers440/4 | €3,683 | €4,762 | €2,904 | €1,404 | €2,971 | ▲ 112% |
| Taxes, remuneration and social security45 | €20,638 | €20,114 | €17,735 | €18,621 | €26,121 | ▲ 40.3% |
| Taxes450/3 | €20,638 | €20,114 | €17,735 | €18,621 | €26,121 | ▲ 40.3% |
| Other amounts payable47/48 | €4,757 | €4,757 | €5,288 | - | €185 | - |
| Accrued charges and deferred income492/3 | €48 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,713 | €23,532 | €21,849 | €17,488 | €51,097 | ▲ 192% |
| + Depreciation and write-downs630 | €15,005 | €13,535 | €10,432 | €9,186 | €10,701 | ▲ 16.5% |
| Operating cash flow (approximation) | €42,718 | €37,066 | €32,281 | €26,674 | €61,798 | ▲ 132% |
| Investment in fixed assets (approximation) | - | -€6,928 | €0 | €0 | -€19,542 | - |
| Change in cash | - | -€5,907 | €91 | €1,474 | €13,050 | ▲ 785% |
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
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €51,097 ▲192%
Net result €51,097, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 1.23
Current ratio from 0.43 to 1.23.
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €17,488 ▼20%
Net result drops to €17,488, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
16-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 47 days late
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
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, Aubel
Ground area
445 m²
Building footprint
50 m²
Volume, LiDAR
515 m³
Parcel 63003B0152/00B000, Wallonia · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 63003B0152/00B000 | Wallonia | 445 m² | 1 · 50 m² | 12.1 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2025 annual accounts of CARPA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
6488UEX14W1CH53W4197
Identification & contact
Identification
Legal formPrivate limited company
Founded05-01-2007
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.
If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.