CARPATHYA
ActiveCARPATHYA has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-5k) and a net result of €8k. Equity is growing by ~31.1% per year across the filed fiscal years. Its solvency ranks better than 10% of 9150 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
55
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability84▲+7
Solvency17▲+13
Growth78=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.92 against 0.82 in 2024; short-term debt: 108.4% and cash: 25.3% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
-8.4%
Return on assets
12.5%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 9150 sector peers (2025).
NBB · sector comparisonPosition among 9150 sector peers
Solvency
better than 10%
← weakest
strongest →
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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
26 d late
2022
31 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-5k▲ 59.6%
2024 · €-13k
2022: €-21k
2023: €-17k
2024: €-13k
2022 → 2025
Total assets
€61k▼ 1.6%
2024 · €62k
2022: €88k
2023: €57k
2024: €62k
2022 → 2025
Net result
€8k▲ 91.1%
2024 · €4k
2022: €-23k
2023: €4k
2024: €4k
2022 → 2025
Working capital
€-5k▲ 59.0%
2024 · €-13k
2022: €-21k
2023: €-17k
2024: €-13k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€-21k-€-17k▲ 19.3%€-13k▲ 23.8%€-5k▲ 59.6%
Operating result€-23k-€4k€4k▲ 3.5%€10k▲ 123%
Net result€-23k-€4k€4k▼ 0.3%€8k▲ 91.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 123% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61k
Fixed assets
€226▼ 38.9%
Current assets
€61k▼ 1.3%
Key figures and ratios
EBITDA
€10k▲
2024 · €4k
Cash flow
€8k▲
2024 · €4k
Solvency
-8.4%▲
2024 · -20.6%
Current ratio
0.92▲
2024 · 0.82
Quick ratio
0.92▲
2024 · 0.82
Debt / equity
-12.85▼
2024 · -5.86
ROA
12.5%▲
2024 · 6.4%
Interest coverage
31.44▲
2024 · 16.33
Debt
€66k▼
2024 · €75k
Debt ≤ 1 year
€66k▼
2024 · €75k
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€62k€61k▼
Fixed assets21/28€369€226▼
Tangible fixed assets22/27€369€226▼
Plant, machinery and equipment23€369€226▼
Current assets29/58€62k€61k▼
Amounts receivable within one year40/41€40k€46k▲
Trade receivables40€40k€45k▲
Other amounts receivable41€515€497▼
Cash at bank and in hand54/58€22k€16k▼
Equity and liabilities
Total equity and liabilities10/49€62k€61k▼
Equity10/15€-13k€-5k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€-15k€-7k▲
Amounts payable17/49€75k€66k▼
Amounts payable within one year42/48€75k€66k▼
Trade debts44€22k€22k▼
Suppliers440/4€22k€22k▼
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€53k€43k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€143€143=
Other operating charges640/8€505€520▲
Gross operating margin9900€5k€10k▲
Operating profit (loss)9901€4k€10k▲
Financial charges65/66B€270€307▲
Recurring financial charges65€270€307▲
Profit (loss) for the period before taxes9903€4k€9k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€4k€8k▲
Profit (loss) for the period to be appropriated9905€4k€8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-7k▲
Profit (loss) brought forward from the previous period14P€-19k€-15k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
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 2022net €8k ▲91.1%
Operating result €10k, net result €8k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Antwerpen · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
August Van Putlei 1162150 AntwerpenGround area
205 m²
Building footprint
147 m²
Volume, LiDAR
693 m³
Parcel 11007A0090/00B009, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CARPATHYA
since 20212.323.617.479
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11007A0090/00B009 | Flanders | 205 m² | 1 · 147 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. Of 9,697 companies in sector 68121 we hold annual accounts for 7,382.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-10-2021
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
41001General construction of residential buildings
46839Wholesale trade
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.