CARPA DEVELOPMENTS
ActiveSummary
CARPA DEVELOPMENTS is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€25,432) and a net result of -€21,422. Equity has been shrinking by about 31% per year since 2019. Its solvency ranks better than 7% of 9,754 sector peers (NACE 64, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 03-02-2017 Normal situation
- Activity
- Activities of holding companies NACE 64210
- Establishment unit
- 2.270.715.560 8490 Jabbeke, since 03-02-2017
- Financial year end
- 30 September
- Peppol
- Reachable since 11-04-2026
Board and ownership
Board
- CARPA HOLDINGDirector · since 03-02-2017 · permanent representative CARTON Kris Henri Remi
Shareholders
- CARPA HOLDING100%· score 8830-12-2025 annual accounts of CARPA HOLDING
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts to 30-09-2025
- Loss
- €21,422
- ▲ 54.5%
- Equity
- -€25,432
- ▼ 534%
- Total assets
- €585,868
- ▼ 10.0%
- Negative equity on 30-09-2025
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
1 day early
2024
on the day
2023
on the day
2022
2 days early
2021
2 days early
2020
on the day
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 1 day before the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 29 April (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
30-09-2026 year end02-11-2026 today30-04-2027 deadline
Financials
Financials · 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 |
Board & ownership
Directors
Directors
1 director, last change in 2023
Board 1
CARPA HOLDING
Current
Statutory director · since 03-02-2017 · term without a fixed end · Private limited company · permanent representative: CARTON Kris Henri Remi · listed in the 2025 annual accounts, filed on 29-04-2026
Permanent representatives 1
CARTON Kris Henri Remi
Current
Permanent representative · in office according to the act of 28-12-2023 · for CARPA HOLDING
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 28-12-2023Owners and capital
Shareholders
1 ownerChain of control
- CARPA HOLDING
- CARPA DEVELOPMENTS
Owners 1
- CARPA HOLDINGparentEquity €8.5m Loss of €290,516 in 2025 (loss of €169,176 in 2024) Checked score 88100%
Capital transactions
Shareholders according to the deeds
Stated in the act
act of 28-12-2023 ↗
- CARPA HOLDING (BE 0894.186.679) all shares
Capital over time
- 28-12-2023 Converted to uncalled contributions
Mandate history
2 people, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CARPA HOLDING |
|
| VAN PACHTENBEKE Inge Madeleine |
|
Network & group
Companies at the same address
3 other companiesConnections & network
2 connected companiesThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
BERIM
Shared corporate director
→
CARPA PROJECTS
Shared corporate director
→
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
29-04
micro format · 1 day before the deadline
2025
30-09
Financial
Weakest financial yearnet -€21,422
The net result drops to -€21,422, the lowest from 2019 to 2025.
30-04
micro format · on the deadline day
2024
30-04
micro format · on the deadline day
2023
28-12
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments · MiscellaneousResignations: CARPA HOLDING (statutory director) and VAN PACHTENBEKE Inge Madeleine (director) · Reappointment: CARPA HOLDING (statutory director) · Permanent representative: CARTON Kris Henri Remi18 points ▸
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointments · Miscellaneous
Resignations: CARPA HOLDING (statutory director) and VAN PACHTENBEKE Inge Madeleine (director) · Reappointment: CARPA HOLDING (statutory director) · Permanent representative: CARTON Kris Henri Remi18 points ▸
- General meeting, 18-12-2023
- Incorporation, 03-02-2017
- Other provision, “statuten ongewijzigd sinds oprichting” (deed in Dutch)
- Amendment of the articles, mentioned 2 times in the deed
- Capital conversion, “eigen vermogensrekening niet-opgevraagde inbrengen” (deed in Dutch)
- Other provision, “vormen en meerderheden van statutenwijziging, artikel 39,§2,derde lid wet van 2019-03-23” (deed in Dutch)
- Director resignation, CARPA HOLDING (statutory director)
- Director reappointment, CARPA HOLDING (statutory director)
- Permanent representative, CARTON Kris Henri Remi, mentioned 2 times in the deed
- Declaration, “persoonlijk of via tussenpersoon onderneming uitbaten of functie van bestuurder,commissaris of zaakvoerder uitoefenen, geen bestuursverbod” (deed in Dutch)
- Board composition, CARPA HOLDING (statutory director)
- Power of attorney, Carl POLFLIET
- The act holds 6 more points.
28-04
micro format · 2 days before the deadline
2022
28-04
micro format · 2 days before the deadline
2021
30-04
micro format · on the deadline day
2020
30-04
micro format · on the deadline day
2019
01-05
micro format · 1 day late
2017
07-02
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
CARPA DEVELOPMENTS in Dutch
Enterprise number
0670.740.152
Legal form
Private limited company
Status
Active, normale toestand
Founded
03-02-2017
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 28-12-2023 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaamse Gewest, bij enkel besluit bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren in België of…”
deed of 28-12-2023 (in Dutch)Registered office and establishments
Registered office
Grote Thems 16, 8490 Jabbeke, Belgium
Establishment unit
CARPA DEVELOPMENTS, Grote Thems 16, 8490 Jabbeke since 03-02-2017 · unit number 2.270.715.560
Activities
NACEBEL 202564210
Activities of holding companies main activity
Codes under NACEBEL 2008
64200
Holdings main activity
Invoicing and payment
VAT number
BE 0670.740.152
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Monday of March at 18:00
deed of 28-12-2023 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
5,637 m²
Building footprint
523 m²
Building volume
2,839 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31442C0647/00B000 | Flanders | 5,637 m² | 1 · 523 m² | 8.1 m · 2 |