CARPAS
ActiveSummary
CARPAS has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €104,181 and a net result of €1,890. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 65% of 6159 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▲+6
Solvency74▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.93 in 2024; short-term debt: 33.3% and cash: 48.2% of total assets), but 51.5% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.5%
Return on assets
0.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-09-2026, 55 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
55 d late
2024
3 d late
2023
65 d late
2022
69 d late
2021
76 d late
2020
12 d early
2019
27 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed 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, micro schema
Equity
€104,181▲ 1.8%
2024 · €102,292
Total assets
€214,803▼ 9.3%
2024 · €236,800
Net result
€1,890
2024 · -€6,147
Working capital
€46,508▼ 38.9%
2024 · €76,132
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€38,551▲ 928%€823▼ 97.9%€3,831▲ 366%-€4,878€6,007
Net result€33,645above the sector's middle half▲ 1,233%-€400within the sector's middle half€2,584within the sector's middle half-€6,147below the sector's middle half€1,890
Equity€106,254above the sector's middle half▲ 46.3%€105,854above the sector's middle half▼ 0.4%€108,439above the sector's middle half▲ 2.4%€102,292above the sector's middle half▼ 5.7%€104,181▲ 1.8%
Total assets€204,245within the sector's middle half▲ 49.2%€195,994within the sector's middle half▼ 4.0%€201,040above the sector's middle half▲ 2.6%€236,800above the sector's middle half▲ 17.8%€214,803▼ 9.3%
Debt€97,991▲ 52.4%€90,140▼ 8.0%€92,602▲ 2.7%€134,508▲ 45.3%€110,621▼ 17.8%
Working capital€76,290▲ 61.2%€72,488▼ 5.0%€65,755▼ 9.3%€76,132▲ 15.8%€46,508▼ 38.9%
Solvency52.0%within the sector's middle half▼ 1.0pp54.0%within the sector's middle half▲ 2.0pp53.9%within the sector's middle half▼ 0.1pp43.2%within the sector's middle half▼ 10.7pp48.5%▲ 5.3pp
Staff (FTE)4.8▼ 2.0%5▲ 4.2%6.9▲ 38.0%7.4▲ 7.2%6▼ 18.9%
above
within
below
the middle half (P25 to P75) of NACE 96, Personal service activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €6,007 after a loss of €4,878 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €214,803
Fixed assets
€96,720 ▲ 23.2%
Current assets
€118,082 ▼ 25.4%
Equity and liabilities €214,803
Equity
€104,181 ▲ 1.8%
Debt
€110,621 ▼ 17.8%
Debt's share of the balance-sheet total falls from 56.8% to 51.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,308▲
2024 · €7,712
Cash flow
€25,191▲
2024 · €6,444
Current ratio
1.65▼
2024 · 1.93
Quick ratio
1.51▼
2024 · 1.85
Debt to equity
1.06▼
2024 · 1.31
ROE
1.8%▲
2024 · -6.0%
ROA
0.9%▲
2024 · -2.6%
Interest coverage
10.81▲
2024 · 5.85
Debt ≤ 1 year
€71,575▼
2024 · €82,156
Debt > 1 year
€39,046▼
2024 · €51,163
Income taxes
€1,633
Staff costs
€312,332▲
2024 · €311,037
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €139,002 | €202,036 | €298,425 | €311,037 | €312,332 | ▲ 0.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,466 | €9,568 | €10,196 | €12,591 | €23,302 | ▲ 85.1% |
| Other operating charges640/8 | €1,015 | €836 | €514 | €935 | €1,113 | ▲ 19.0% |
| Gross operating margin9900 | €188,034 | €213,264 | €312,966 | €319,684 | €342,753 | ▲ 7.2% |
| Operating profit (loss)9901 | €38,551 | €823 | €3,831 | -€4,878 | €6,007 | ▲ 223% |
| Financial income75/76B | €52 | €74 | €64 | €51 | €226 | ▲ 344% |
| Recurring financial income75 | €52 | €74 | €64 | €51 | €226 | ▲ 344% |
| Financial charges65/66B | €1,594 | €1,296 | €902 | €1,319 | €2,711 | ▲ 105% |
| Recurring financial charges65 | €1,594 | €1,296 | €902 | €1,319 | €2,711 | ▲ 105% |
| Profit (loss) for the period before taxes9903 | €37,009 | -€399 | €2,993 | -€6,147 | €3,522 | ▲ 157% |
| Income taxes67/77 | €3,364 | €1 | €409 | - | €1,633 | - |
| Profit (loss) for the period9904 | €33,645 | -€400 | €2,584 | -€6,147 | €1,890 | ▲ 131% |
| Profit (loss) for the period to be appropriated9905 | €33,645 | -€400 | €2,584 | -€6,147 | €1,890 | ▲ 131% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €204,245 | €195,994 | €201,040 | €236,800 | €214,803 | ▼ 9.3% |
| Fixed assets21/28 | €53,565 | €43,997 | €42,684 | €78,512 | €96,720 | ▲ 23.2% |
| Tangible fixed assets22/27 | €53,565 | €43,997 | €42,684 | €78,512 | €96,720 | ▲ 23.2% |
| Plant, machinery and equipment23 | €669 | €285 | €8,156 | €6,264 | €4,487 | ▼ 28.4% |
| Furniture and vehicles24 | €696 | €489 | €282 | €4,333 | €29,399 | ▲ 578% |
| Other tangible fixed assets26 | €52,200 | €43,223 | €34,247 | €67,915 | €62,834 | ▼ 7.5% |
| Current assets29/58 | €150,680 | €151,997 | €158,356 | €158,288 | €118,082 | ▼ 25.4% |
| Stocks and contracts in progress3 | €17,555 | €16,324 | €8,199 | €6,068 | €10,255 | ▲ 69.0% |
| Stocks30/36 | €17,555 | €16,324 | €8,199 | €6,068 | €10,255 | ▲ 69.0% |
| Amounts receivable within one year40/41 | €8,507 | €9,204 | €19,168 | €14,446 | - | - |
| Trade receivables40 | €8,507 | €9,204 | €18,637 | €14,446 | - | - |
| Other amounts receivable41 | - | - | €531 | - | - | - |
| Cash at bank and in hand54/58 | €122,471 | €124,120 | €128,176 | €134,395 | €103,526 | ▼ 23.0% |
| Deferred charges and accrued income490/1 | €2,147 | €2,349 | €2,813 | €3,378 | €4,301 | ▲ 27.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €204,245 | €195,994 | €201,040 | €236,800 | €214,803 | ▼ 9.3% |
| Equity10/15 | €106,254 | €105,854 | €108,439 | €102,292 | €104,181 | ▲ 1.8% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €84,395 | €85,854 | €88,439 | €82,292 | €84,181 | ▲ 2.3% |
| Non-distributable reserves130/1 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Distributable reserves133 | €82,395 | €83,854 | €86,439 | €80,292 | €82,181 | ▲ 2.4% |
| Profit (loss) carried forward14 | €1,860 | - | - | - | - | - |
| Amounts payable17/49 | €97,991 | €90,140 | €92,602 | €134,508 | €110,621 | ▼ 17.8% |
| Amounts payable after more than one year17 | €23,387 | €10,631 | - | €51,163 | €39,046 | ▼ 23.7% |
| Financial debts170/4 | €23,387 | €10,631 | - | €51,163 | €39,046 | ▼ 23.7% |
| Amounts payable within one year42/48 | €74,390 | €79,509 | €92,602 | €82,156 | €71,575 | ▼ 12.9% |
| Current portion of amounts payable after more than one year42 | €12,756 | €12,756 | €10,631 | €11,861 | €12,729 | ▲ 7.3% |
| Trade debts44 | €28,729 | €21,070 | €30,903 | €19,370 | €16,070 | ▼ 17.0% |
| Suppliers440/4 | €28,729 | €21,070 | €30,903 | €19,370 | €16,070 | ▼ 17.0% |
| Advances received on contracts in progress46 | - | - | €6,298 | - | - | - |
| Taxes, remuneration and social security45 | €32,388 | €45,298 | €44,770 | €49,517 | €42,599 | ▼ 14.0% |
| Taxes450/3 | €10,125 | €10,187 | €9,537 | €8,852 | €9,832 | ▲ 11.1% |
| Remuneration and social security454/9 | €22,262 | €35,111 | €35,233 | €40,665 | €32,768 | ▼ 19.4% |
| Other amounts payable47/48 | €517 | €385 | - | €1,408 | €177 | ▼ 87.4% |
| Accrued charges and deferred income492/3 | €214 | - | - | €1,189 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,645 | -€400 | €2,584 | -€6,147 | €1,890 | ▲ 131% |
| + Depreciation and write-downs630 | €9,466 | €9,568 | €10,196 | €12,591 | €23,302 | ▲ 85.1% |
| Operating cash flow (approximation) | €43,111 | €9,168 | €12,780 | €6,444 | €25,191 | ▲ 291% |
| Investment in fixed assets (approximation) | - | €0 | -€8,883 | -€48,418 | -€41,510 | ▲ 14.3% |
| Change in cash | - | €1,649 | €4,057 | €6,219 | -€30,869 | ▼ 596% |
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
24-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 55 days late
2025
31-12
Financial
Back to profitnet €1,890
Net result €1,890 after one loss-making year.
03-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
31-12
Financial
Weakest financial yearnet -€6,147
Net result drops to -€6,147, the lowest in the series; recovery starts the following year.
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Back to profitnet €2,584
Net result €2,584 after one loss-making year.
08-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 69 days late
2022
15-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 76 days late
2021
31-12
Financial
Highest result since 2018net €33,645 ▲1,233%
Operating result €38,551, net result €33,645, both a record.
31-12
Financial
Equity above €100,000Eq €106,254 ▲46.3%
4 profitable years in a row build equity to €106,254.
19-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
Show earlier events
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2002
Ground area
286 m²
Building footprint
153 m²
Volume, LiDAR
1,115 m³
Parcel 34354C0228/00W002, Flanders · tallest building 11.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
André Devaerelaan(kor) 53, 8500 Kortrijk
since 20022.115.573.562
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0228/00W002 | Flanders | 286 m² | 1 · 153 m² | 11.3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 23,134 EUR awarded · 23,134 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 6,251 EUR | 6,251 EUR |
| 2024 | 1 | 7,090 EUR | 7,090 EUR |
| 2023 | 1 | 6,741 EUR | 6,741 EUR |
| 2022 | 1 | 3,052 EUR | 3,052 EUR |
Recognitions · licences · registrations
Dual-learning approval
3 live approvals · 1 endedHaarverzorging duaal (so)
Kapper (vwo)
Kapper-stylist duaal (so)
Show 1 ended approval
Kapper (so)
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Of 21,734 companies in sector 96210 we hold annual accounts for 2,832. 1,751 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 (pre-2019)
Founded25-09-2002
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478408057
Also
9925:BE0478408057
Registered
22-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.