CARPELS
Liquidation closed on 20-02-2026Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 16-04-2026 at the NBB all 4 filings
Equity
€227,310▼ 0.6%
2025 · €228,605
Total assets
€318,169▼ 3.9%
2025 · €331,195
Net result
-€1,295
2025 · €216,267
Working capital
€227,355▼ 4.1%
2025 · €236,955
Multi-year overview
2023 to 2025, 4 financial yearsOperating result
-€912
2025
20232025
Net result
-€1,295
2025
20232025
Equity
€227,310
2025
20232025
Total assets
€318,169
2025
20232025
Debt
€90,858
2025
20232025
Working capital
€227,355
2025
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2023202420252025
Operating result€5,399--€26,130€305,242-€912-
Net result€2,511--€26,649€216,267-€1,295-
Equity€38,988-€12,339▼ 68.4%€228,605▲ 19×€227,310-
Total assets€422,859-€378,648▼ 10.5%€331,195▼ 12.5%€318,169-
Debt€383,871-€366,310▼ 4.6%€102,590▼ 72.0%€90,858-
Working capital€27,919-€5,128▼ 81.6%€236,955▲ 46×€227,355-
Several financial years end in the same calendar year, so there is no annual trend.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2025 as the grey bar beneath
Equity and liabilities €318,169
Equity
€227,310 ▼ 0.6%
Debt
€90,858 ▼ 11.4%
Debt's share of the balance-sheet total falls from 31.0% to 28.6%. Equity and debt are lower.
Key figures and ratios
Current ratio
3.50▼
2025 · 3.51
Debt to equity
0.40▼
2025 · 0.45
ROE
-0.6%▼
2025 · 94.6%
ROA
-0.4%▼
2025 · 65.3%
Debt ≤ 1 year
€90,814▼
2025 · €94,240
Income taxes
€253▼
2025 · €88,834
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2023 | 2024 | 24-09-2025 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €7,589 | - | - | - |
| Intangible fixed assets | €1,650 | €550 | - | - |
| Depreciation and write-downs of the year | €2,756 | €4,159 | €1,330 | - |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2022 to 2025 · 4 entries · €2,496 awarded · €4,551 paid| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €45 | €45 |
| 2024 | 1 | €870 | €870 |
| 2023 | 1 | €134 | €2,189 |
| 2022 | 1 | €1,447 | €1,447 |
Annual accounts
| Line | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,756 | €4,159 | €1,330 | - | - |
| Other operating charges640/8 | €1,223 | €980 | €167 | - | - |
| Gross operating margin9900 | €9,378 | -€20,991 | €306,739 | -€912 | - |
| Operating profit (loss)9901 | €5,399 | -€26,130 | €305,242 | -€912 | - |
| Financial income75/76B | - | €4 | €39 | - | - |
| Recurring financial income75 | - | €4 | €39 | - | - |
| Financial charges65/66B | €163 | €276 | €180 | €130 | - |
| Recurring financial charges65 | €163 | €276 | €180 | €130 | - |
| Profit (loss) for the period before taxes9903 | €5,236 | -€26,401 | €305,100 | -€1,042 | - |
| Income taxes67/77 | €2,724 | €248 | €88,834 | €253 | - |
| Profit (loss) for the period9904 | €2,511 | -€26,649 | €216,267 | -€1,295 | - |
| Profit (loss) for the period to be appropriated9905 | €2,511 | -€26,649 | €216,267 | -€1,295 | - |
| Line | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €422,859 | €378,648 | €331,195 | €318,169 | - |
| Fixed assets21/28 | €11,069 | €7,210 | - | - | - |
| Intangible fixed assets21 | €1,605 | €1,330 | - | - | - |
| Tangible fixed assets22/27 | €9,214 | €5,880 | - | - | - |
| Furniture and vehicles24 | €9,214 | €5,880 | - | - | - |
| Financial fixed assets28 | €250 | - | - | - | - |
| Current assets29/58 | €411,790 | €371,438 | €331,195 | €318,169 | - |
| Amounts receivable after more than one year29 | - | €250 | - | - | - |
| Other amounts receivable291 | - | €250 | - | - | - |
| Amounts receivable within one year40/41 | €42,442 | €6,318 | €30,000 | €20,000 | - |
| Trade receivables40 | €20,442 | €3,462 | €30,000 | €20,000 | - |
| Other amounts receivable41 | €22,000 | €2,856 | - | - | - |
| Cash at bank and in hand54/58 | €369,348 | €364,134 | €301,195 | €298,088 | - |
| Deferred charges and accrued income490/1 | - | €736 | - | €81 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €422,859 | €378,648 | €331,195 | €318,169 | - |
| Equity10/15 | €38,988 | €12,339 | €228,605 | €227,310 | - |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | - |
| Reserves13 | €20,388 | €20,388 | €210,005 | €210,005 | - |
| Distributable reserves133 | €20,388 | €20,388 | €210,005 | €210,005 | - |
| Profit (loss) carried forward14 | - | -€26,649 | - | -€1,295 | - |
| Amounts payable17/49 | €383,871 | €366,310 | €102,590 | €90,858 | - |
| Amounts payable after more than one year17 | - | - | €8,350 | - | - |
| Other amounts payable178/9 | - | - | €8,350 | - | - |
| Amounts payable within one year42/48 | €383,871 | €366,310 | €94,240 | €90,814 | - |
| Trade debts44 | €35,384 | €2,747 | - | €1,882 | - |
| Suppliers440/4 | €35,384 | €2,747 | - | €1,882 | - |
| Advances received on contracts in progress46 | - | €29,005 | - | - | - |
| Taxes, remuneration and social security45 | €17,101 | €2,972 | €94,240 | €88,932 | - |
| Taxes450/3 | €17,101 | €2,972 | €94,240 | €88,932 | - |
| Other amounts payable47/48 | €331,386 | €331,585 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €45 | - |
| Line | 2023 | 2024 | 2025 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,511 | -€26,649 | €216,267 | -€1,295 | - |
| + Depreciation and write-downs630 | €2,756 | €4,159 | €1,330 | - | - |
| Operating cash flow (approximation) | €5,267 | -€22,491 | €217,596 | -€1,295 | - |
| Investment in fixed assets (approximation) | - | -€300 | - | - | - |
| Change in cash | - | -€5,215 | -€62,939 | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.