CARPA DEVELOPMENTS
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 29-04-2026 PDF all 8 filings
Equity
-€25,432▼ 534%
2024 · -€4,010
Net result
-€21,422▼ 54.5%
2024 · -€13,869
Total assets
€585,868▼ 10.0%
2024 · €650,754
Solvency
-4.3%▼ 3.7pp
2024 · -0.6%
Trend over the years
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is a loss of €2,054, smaller than the loss of €13,703 in 2024.
Operating result-€2,054
2025
Net result-€21,422
2025
Total assets€585,868
2025
Equity-€25,432
2025
Debt€611,301
2025
Working capital-€514,510
2025
Return on assets (ROA)-3.7%
2025
Solvency-4.3%
2025
Current ratio0.16
2025
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result-€1,141--€1,416▼ 24.1%-€1,035▲ 26.9%-€1,204▼ 16.3%-€1,208▼ 0.3%-€13,703▼ 1,035%-€2,054▲ 85.0%
Net result-€1,280--€1,565below the sector's middle half▼ 22.3%-€1,259below the sector's middle half▲ 19.5%-€1,555below the sector's middle half▼ 23.6%-€1,384below the sector's middle half▲ 11.0%-€13,869below the sector's middle half▼ 902%-€21,422below the sector's middle half▼ 54.5%
Equity€15,622-€14,057below the sector's middle half▼ 10.0%€12,798below the sector's middle half▼ 9.0%€11,243below the sector's middle half▼ 12.2%€9,859below the sector's middle half▼ 12.3%-€4,010below the sector's middle half-€25,432below the sector's middle half▼ 534%
Total assets€16,666-€16,154below the sector's middle half▼ 3.1%€14,326below the sector's middle half▼ 11.3%€13,297below the sector's middle half▼ 7.2%€508,393within the sector's middle half▲ 38×€650,754within the sector's middle half▲ 28.0%€585,868within the sector's middle half▼ 10.0%
Debt€1,044-€2,097▲ 101%€1,528▼ 27.2%€2,054▲ 34.4%€498,534▲ 243×€654,764▲ 31.3%€611,301▼ 6.6%
Working capital€15,176-€14,024within the sector's middle half▼ 7.6%€13,211within the sector's middle half▼ 5.8%€12,303within the sector's middle half▼ 6.9%-€299,254below the sector's middle half-€493,107below the sector's middle half▼ 64.8%-€514,510below the sector's middle half▼ 4.3%
Solvency93.7%-87.0%above the sector's middle half▼ 6.7pp89.3%above the sector's middle half▲ 2.3pp84.6%above the sector's middle half▼ 4.8pp1.9%below the sector's middle half▼ 82.6pp-0.6%below the sector's middle half▼ 2.6pp-4.3%below the sector's middle half▼ 3.7pp
Current ratio24.57-9.51above the sector's middle half▼ 15.0614.28above the sector's middle half▲ 4.7713.37above the sector's middle half▼ 0.910.40below the sector's middle half▼ 12.970.25below the sector's middle half▼ 0.150.16below the sector's middle half▼ 0.09
Return on assets (ROA)-7.7%--9.7%below the sector's middle half▼ 2.0pp-8.8%below the sector's middle half▲ 0.9pp-11.7%below the sector's middle half▼ 2.9pp-0.3%below the sector's middle half▲ 11.4pp-2.1%below the sector's middle half▼ 1.9pp-3.7%below the sector's middle half▼ 1.5pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €585,868
Fixed assets
€489,995 =
Current assets
€95,873 ▼ 40.4%
Equity and liabilities
Equity-€25,432
Debt€611,301
Equity is negative. Debt (€611,301) exceeds the balance-sheet total (€585,868).
Key figures and ratios
Debt ≤ 1 year
€610,384▼
2024 · €653,866
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | €310,000 | €224,995 | - |
| Depreciation and write-downs of the year | €363 | €121 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €363 | €363 | €363 | €121 | - | - | - | - |
| Other operating charges640/8 | - | - | €111 | €459 | €751 | €2,417 | €524 | ▼ 78.3% |
| Gross operating margin9900 | -€698 | -€597 | -€562 | -€624 | -€457 | -€11,287 | -€1,530 | ▲ 86.4% |
| Operating profit (loss)9901 | -€1,141 | -€1,416 | -€1,035 | -€1,204 | -€1,208 | -€13,703 | -€2,054 | ▲ 85.0% |
| Financial income75/76B | - | - | - | - | - | €0 | €4 | ▲ 73× |
| Recurring financial income75 | - | - | - | - | - | €0 | €4 | ▲ 73× |
| Financial charges65/66B | - | - | €223 | €352 | €177 | €165 | €19,372 | ▲ 117× |
| Recurring financial charges65 | €139 | €149 | €223 | €352 | €177 | €165 | €19,372 | ▲ 117× |
| Profit (loss) for the period before taxes9903 | -€1,280 | -€1,565 | -€1,259 | -€1,555 | -€1,384 | -€13,869 | -€21,422 | ▼ 54.5% |
| Profit (loss) for the period9904 | -€1,280 | -€1,565 | -€1,259 | -€1,555 | -€1,384 | -€13,869 | -€21,422 | ▼ 54.5% |
| Profit (loss) for the period to be appropriated9905 | -€1,280 | -€1,565 | -€1,259 | -€1,555 | -€1,384 | -€13,869 | -€21,422 | ▼ 54.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €16,666 | €16,154 | €14,326 | €13,297 | €508,393 | €650,754 | €585,868 | ▼ 10.0% |
| Formation expenses20 | €846 | €484 | €121 | - | - | - | - | - |
| Fixed assets21/28 | - | - | - | - | €310,000 | €489,995 | €489,995 | = |
| Financial fixed assets28 | - | - | - | - | €310,000 | €489,995 | €489,995 | = |
| Current assets29/58 | €15,819 | €15,671 | €14,205 | €13,297 | €198,393 | €160,759 | €95,873 | ▼ 40.4% |
| Amounts receivable within one year40/41 | €695 | €358 | €705 | €8,745 | €5,723 | €117,745 | €95,813 | ▼ 18.6% |
| Trade receivables40 | - | - | €695 | €695 | €695 | - | - | - |
| Other amounts receivable41 | - | - | €10 | €8,050 | €5,028 | €117,745 | €95,813 | ▼ 18.6% |
| Cash at bank and in hand54/58 | €15,098 | €15,286 | €13,500 | €4,553 | €192,670 | €43,014 | €60 | ▼ 99.9% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €16,666 | €16,154 | €14,326 | €13,297 | €508,393 | €650,754 | €585,868 | ▼ 10.0% |
| Equity10/15 | €15,622 | €14,057 | €12,798 | €11,243 | €9,859 | -€4,010 | -€25,432 | ▼ 534% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€2,978 | -€4,543 | -€5,802 | -€7,357 | -€8,741 | -€22,610 | -€44,032 | ▼ 94.7% |
| Amounts payable17/49 | €1,044 | €2,097 | €1,528 | €2,054 | €498,534 | €654,764 | €611,301 | ▼ 6.6% |
| Amounts payable within one year42/48 | €644 | €1,647 | €995 | €995 | €497,647 | €653,866 | €610,384 | ▼ 6.7% |
| Trade debts44 | €644 | €1,003 | €348 | €348 | - | €1,583 | €966 | ▼ 39.0% |
| Suppliers440/4 | - | - | €348 | €348 | - | €1,583 | €966 | ▼ 39.0% |
| Other amounts payable47/48 | - | - | €647 | €647 | €497,647 | €652,283 | €609,417 | ▼ 6.6% |
| Accrued charges and deferred income492/3 | - | - | €533 | €1,060 | €887 | €898 | €917 | ▲ 2.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,280 | -€1,565 | -€1,259 | -€1,555 | -€1,384 | -€13,869 | -€21,422 | ▼ 54.5% |
| + Depreciation and write-downs630 | €363 | €363 | €363 | €121 | - | - | - | - |
| Operating cash flow (approximation) | -€917 | -€1,202 | -€896 | -€1,434 | -€1,384 | -€13,869 | -€21,422 | ▼ 54.5% |
| Investment in fixed assets (approximation) | - | - | - | - | - | -€179,995 | €0 | - |
| Change in cash | - | €188 | -€1,786 | -€8,948 | €188,118 | -€149,656 | -€42,954 | ▲ 71.3% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | micro format | 29-04-2026 | 2026-00094104 | |
| 30-09-2024 | micro format | 30-04-2025 | 2025-00085742 | |
| 30-09-2023 | micro format | 30-04-2024 | 2024-00075861 | |
| 30-09-2022 | micro format | 28-04-2023 | 2023-00078725 | |
| 30-09-2021 | micro format | 28-04-2022 | 2022-20017571 | |
| 30-09-2020 | micro format | 30-04-2021 | 2021-13400081 | |
| 30-09-2019 | micro format | 30-04-2020 | 2020-11100517 | |
| 30-09-2018 | micro format | 01-05-2019 | 2019-11900230 |