CARRE
ActiveSummary
CARRE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€719) and a net result of -€7,861. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 701 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-68
Solvency20▼-19
Growth69=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.67 against 1.13 in 2024; short-term debt: 70.4% and cash: 17.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-5.4%
Return on assets
-59.2%
Age of the figures
9 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€719
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
27 d late
2023
29 d late
2022
9 d late
2021
31 d late
2020
54 d late
2019
90 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 39 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% 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. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Turnover
€170,601▲ 24.2%
2022 · €137,305
EBIT margin
11.7%▲ 5.6pp
2022 · 6.1%
Net result
-€7,861
2024 · €3,335
Working capital
-€3,102
2024 · €4,372
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, 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
Turnover€102,966▼ 12.4%€137,305▲ 33.3%€170,601▲ 24.2%
Operating result-€18,984€8,346€19,973▲ 139%€5,841▼ 70.8%-€5,413
Net result-€21,467below the sector's middle half€8,235within the sector's middle half€13,499within the sector's middle half▲ 63.9%€3,335within the sector's middle half▼ 75.3%-€7,861within the sector's middle half
EBIT margin-18.4%▼ 21.2pp6.1%▲ 24.5pp11.7%▲ 5.6pp
Equity-€17,903below the sector's middle half-€9,668below the sector's middle half▲ 46.0%€3,831within the sector's middle half€7,166within the sector's middle half▲ 87.1%-€719below the sector's middle half
Total assets€46,887below the sector's middle half▲ 10.9%€70,679below the sector's middle half▲ 50.7%€61,119below the sector's middle half▼ 13.5%€52,580below the sector's middle half▼ 14.0%€13,280below the sector's middle half▼ 74.7%
Debt€64,790▲ 67.4%€80,347▲ 24.0%€57,288▼ 28.7%€45,413▼ 20.7%€13,999▼ 69.2%
Working capital-€38,693within the sector's middle half▼ 235%-€11,674within the sector's middle half▲ 69.8%€362within the sector's middle half€4,372within the sector's middle half▲ 1,109%-€3,102within the sector's middle half
Solvency-38.2%below the sector's middle half▼ 46.6pp-13.7%below the sector's middle half▲ 24.5pp6.3%within the sector's middle half▲ 19.9pp13.6%within the sector's middle half▲ 7.4pp-5.4%below the sector's middle half▼ 19.0pp
Current ratio0.30within the sector's middle half▼ 0.390.79within the sector's middle half▲ 0.491.01within the sector's middle half▲ 0.221.13within the sector's middle half▲ 0.120.67within the sector's middle half▼ 0.46
Return on assets (ROA)-45.8%below the sector's middle half▼ 48.8pp11.7%above the sector's middle half▲ 57.4pp22.1%above the sector's middle half▲ 10.4pp6.3%within the sector's middle half▼ 15.7pp-59.2%below the sector's middle half▼ 65.5pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5,413 after €5,841 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13,280
Fixed assets
€7,038 ▼ 48.2%
Current assets
€6,242 ▼ 84.0%
Key figures and ratios
EBITDA
€1,102▼
2024 · €13,032
Cash flow
-€1,346▼
2024 · €10,527
Interest coverage
0.54▼
2024 · 5.57
Debt ≤ 1 year
€9,344▼
2024 · €34,614
Debt > 1 year
€4,655▼
2024 · €10,799
Income taxes
€424▲
2024 · €164
Equity ratios withheld: equity of -€719 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.6%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,622 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €102,966 | €137,305 | €170,601 | - | - | - |
| Non-recurring operating income76A | €1,885 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €145,166 | €160,053 | €157,601 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,828 | €7,559 | €7,904 | €7,191 | €6,515 | ▼ 9.4% |
| Other operating charges640/8 | €1,308 | €1,188 | €987 | €1,545 | €1,101 | ▼ 28.8% |
| Gross operating margin9900 | -€6,848 | €17,093 | €28,864 | €14,577 | €2,203 | ▼ 84.9% |
| Operating profit (loss)9901 | -€18,984 | €8,346 | €19,973 | €5,841 | -€5,413 | ▼ 193% |
| Financial income75/76B | €12 | €3,075 | €0 | - | - | - |
| Recurring financial income75 | €12 | €3,075 | €0 | - | - | - |
| Financial charges65/66B | €2,030 | €2,921 | €6,208 | €2,342 | €2,024 | ▼ 13.6% |
| Recurring financial charges65 | €2,030 | €2,921 | €6,208 | €2,342 | €2,024 | ▼ 13.6% |
| Profit (loss) for the period before taxes9903 | -€21,001 | €8,501 | €13,765 | €3,499 | -€7,437 | ▼ 313% |
| Income taxes67/77 | €466 | €266 | €266 | €164 | €424 | ▲ 159% |
| Profit (loss) for the period9904 | -€21,467 | €8,235 | €13,499 | €3,335 | -€7,861 | ▼ 336% |
| Profit (loss) for the period to be appropriated9905 | -€21,467 | €8,235 | €13,499 | €3,335 | -€7,861 | ▼ 336% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €46,887 | €70,679 | €61,119 | €52,580 | €13,280 | ▼ 74.7% |
| Fixed assets21/28 | €30,180 | €26,752 | €20,825 | €13,594 | €7,038 | ▼ 48.2% |
| Tangible fixed assets22/27 | €30,140 | €26,712 | €20,785 | €13,594 | €7,038 | ▼ 48.2% |
| Land and buildings22 | €7,757 | €10,082 | €9,555 | €7,205 | €4,836 | ▼ 32.9% |
| Plant, machinery and equipment23 | €20,642 | €15,675 | €10,760 | €6,254 | €2,202 | ▼ 64.8% |
| Furniture and vehicles24 | €1,741 | €954 | €470 | €134 | - | - |
| Other tangible fixed assets26 | €0 | €0 | €0 | - | - | - |
| Financial fixed assets28 | €40 | €40 | €40 | - | - | - |
| Current assets29/58 | €16,707 | €43,927 | €40,294 | €38,986 | €6,242 | ▼ 84.0% |
| Stocks and contracts in progress3 | €0 | €1,069 | €1,715 | €1,488 | - | - |
| Stocks30/36 | €0 | €1,069 | €1,715 | €1,488 | - | - |
| Amounts receivable within one year40/41 | €9,925 | €37,069 | €33,792 | €33,038 | €2,371 | ▼ 92.8% |
| Trade receivables40 | €8,156 | €36,868 | €33,792 | €32,988 | - | - |
| Other amounts receivable41 | €1,769 | €201 | €0 | €51 | €2,371 | ▲ 4,568% |
| Cash at bank and in hand54/58 | €6,106 | €5,186 | €4,296 | €3,524 | €2,370 | ▼ 32.8% |
| Deferred charges and accrued income490/1 | €676 | €604 | €490 | €935 | €1,501 | ▲ 60.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €46,887 | €70,679 | €61,119 | €52,580 | €13,280 | ▼ 74.7% |
| Equity10/15 | -€17,903 | -€9,668 | €3,831 | €7,166 | -€719 | ▼ 110% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €6,053 | €6,053 | €6,053 | €6,053 | €6,053 | = |
| Non-distributable reserves130/1 | €1,720 | €1,720 | €1,720 | €1,720 | €1,720 | = |
| Legal reserve130 | €1,720 | €1,720 | €1,720 | €1,720 | €1,720 | = |
| Distributable reserves133 | €4,333 | €4,333 | €4,333 | €4,333 | €4,333 | = |
| Profit (loss) carried forward14 | -€42,556 | -€34,321 | -€20,822 | -€17,486 | -€25,372 | ▼ 45.1% |
| Amounts payable17/49 | €64,790 | €80,347 | €57,288 | €45,413 | €13,999 | ▼ 69.2% |
| Amounts payable after more than one year17 | €8,309 | €22,262 | €16,833 | €10,799 | €4,655 | ▼ 56.9% |
| Financial debts170/4 | €8,309 | €22,262 | €16,833 | €10,799 | €4,655 | ▼ 56.9% |
| Amounts payable within one year42/48 | €55,400 | €55,602 | €39,932 | €34,614 | €9,344 | ▼ 73.0% |
| Current portion of amounts payable after more than one year42 | €1,263 | €6,781 | €5,918 | €6,034 | €6,144 | ▲ 1.8% |
| Trade debts44 | €25,642 | €12,102 | €4,364 | €7,410 | €1,637 | ▼ 77.9% |
| Suppliers440/4 | €25,642 | €12,102 | €4,364 | €7,410 | €1,637 | ▼ 77.9% |
| Taxes, remuneration and social security45 | €15,591 | €18,927 | €12,192 | €2,909 | €1,563 | ▼ 46.3% |
| Taxes450/3 | €1,462 | €3,047 | €2,438 | €1,405 | €1,563 | ▲ 11.2% |
| Remuneration and social security454/9 | €14,129 | €15,879 | €9,754 | €1,504 | - | - |
| Other amounts payable47/48 | €12,904 | €17,792 | €17,457 | €18,261 | - | - |
| Accrued charges and deferred income492/3 | €1,081 | €2,484 | €522 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,467 | €8,235 | €13,499 | €3,335 | -€7,861 | ▼ 336% |
| + Depreciation and write-downs630 | €10,828 | €7,559 | €7,904 | €7,191 | €6,515 | ▼ 9.4% |
| Operating cash flow (approximation) | -€10,639 | €15,794 | €21,403 | €10,527 | -€1,346 | ▼ 113% |
| Investment in fixed assets (approximation) | - | -€4,131 | -€1,977 | €40 | €40 | ▲ 0.7% |
| Change in cash | - | -€920 | -€890 | -€772 | -€1,154 | ▼ 49.6% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Highest result since 2018net €13,499 ▲63.9%
Operating result €19,973, net result €13,499, both a record.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
31-12
Financial
Back to profitnet €8,235
Net result €8,235 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€21,467
Net result drops to -€21,467, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 54 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
31-12
Financial
Back to profitnet €5,194
Net result €5,194 after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lommel · 1 establishment unit since 2003
Ground area
1,228 m²
Building footprint
516 m²
Volume, LiDAR
3,263 m³
Parcel 72020C1398/00G010, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CARRE
since 20032.131.629.042
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72020C1398/00G010 | Flanders | 1,228 m² | 1 · 516 m² | 10.3 m · 2 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.
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Of 2,393 companies in sector 55100 we hold annual accounts for 1,517. 415 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)
Founded04-09-2002
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478260181
Also
9925:BE0478260181
Registered
02-04-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.