CARREFOUR BELGIUM

Active

Public limited companyfounded 1992active for 33 yearsDa Vincilaan 3, 1930 Zaventem, Belgium25 active companies are registered at this addressKBO/BCE: BE 0448.826.918

Summary

CARREFOUR BELGIUM has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42.5m and a net result of -€9.8m. Equity is shrinking by about 24% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2026. Its solvency ranks better than 14% of 5,007 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Risk analysisFollow Report Compare

CARREFOUR BELGIUMActiveChecked score 65/100

Risk analysis Report Compare

Activity

Non-specialised retail sale with food, beverages or tobacco predominating

NACE 47110

Largest employer in Zaventem84 sites

Size

€4.02bnturnover 2025

Staff: 6,365.9 FTE
Equity: €42.5m
Loss: -€9.8m

Financial health

65 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.9%

Structure

Parent: CAPARBEL · 100%
Board: 4 members
Holdings: 22

Geoffroy GERSDORFFManaging director

Auditor: Forvis Mazars Réviseurs d’Entreprises2025 accounts 15 days early

Why 65raises riskEquity €42.5m (3.0% of total assets)Liquidity: current ratio 0.79, cash €34.9mSector: Retail trade (NACE 47)Loss of €9.8m, the second in a row (financial year 2025)Show the evidence

Checked score

Score 2025

65 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 19% of its sector peers (NACE 47, large)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 28-1

equity 3.0% of total assets

Liquidity 4+1

short-term debt 88.8% · cash 2.5%

Profitability 53=

return on assets -0.7%

Bankruptcy probability, 12 months

0.9% Low

0%0.5%1.5%4%10%≥ 25%

About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (83 companies, NACE 47, large)

Last 24 months 11-2024: 0.9% 12-2024: 0.9%● unchanged vs 11-2024 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.8%▼ -0.1 percentage points vs 01-2025lowest value 03-2025: 0.9%▲ +0.1 percentage points vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.2 percentage points vs 06-2025 08-2025: 1.5%▲ +0.4 percentage points vs 07-2025highest value 09-2025: 0.9%▼ -0.6 percentage points vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025 02-2026: 0.9%● unchanged vs 01-2026 03-2026: 0.9%● unchanged vs 02-2026 04-2026: 0.9%● unchanged vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 1.0%▲ +0.1 percentage points vs 05-2026 07-2026: 0.9%▼ -0.1 percentage points vs 06-2026 08-2026: 0.9%● unchanged vs 07-2026 09-2026: 0.9%● unchanged vs 08-2026 10-2026: 0.9%● unchanged vs 09-2026

Credit of up to €2,750,000 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.79, compared with 0.78 in 2024, below 1; short-term debt: 88.8% and cash: 2.5% of total assets), and 97% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, large): better than 9% on solvency, 5% on liquidity, 38% on profitability and 24% on growth.

The bankruptcy probability was computed on 24-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.

raises riskneutral

Equity €42.5m (3.0% of total assets)

NBB · annual accounts

Liquidity: current ratio 0.79, cash €34.9m

NBB · annual accounts

Sector: Retail trade (NACE 47)

KBO

Loss of €9.8m, the second in a row (financial year 2025)

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€9.8m

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 5007 sector peers (2025).

NBB · sector comparison

Position among 5007 sector peers

Solvency

better than 14%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.

NBB · 7 filings

Deviation from the deadline

2025

15 days early

2024

3 days early

2023

6 days late

2022

19 days early

2021

17 days late

2020

18 days early

2019

87 days 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 8 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

24-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

21-10-2026 Resignation: Willy CLAES (director)Director discharge
21-10-2026 Resignation: Willy CLAES (director)Director discharge
16-07-2026 Annual accounts filedfinancial year 2025 · full…

Key points

Risk: 5 loss-making years in a rowloss financial year 2025 -€9.8m View
Caution: Among the weakest 5% on net resultsector median €40,191 · 5,007 companies -€9.8m View
Controlled by CAPARBELultimately: CARREFOUR SA 100% View
Flemish supportawarded from 2022 to 2025 €260,513 View
A director leftlatest change 21-10-2026 · 4 in office 1 left View

By topic

Financials

Financial year: 2025
Turnover: €4.02bn
Loss: -€9.8m
Solvency: 3.0%

Turnover▼ 2.5%

Net result

20182025

Go to Financials

Board & ownership

Board: 4 members
Parent: CAPARBEL · 100%
Auditor: Forvis Mazars Réviseurs d’Entreprises

CAPARBELDirector
Geoffroy GERSDORFFManaging director
Pareyns IvoDirector
Matthias LOCKERDirector

Go to Board & ownership

Network & group

Group: CARREFOUR SA
Subsidiaries: 22
Connected companies: 5
Mergers and asset contributions: 3

22 subsidiaries

Go to Network & group

Timeline

Events: 112
Since: 1994
Next accounts: by 31-07-2027

08-07-2026Capital & shares · Resignations & appointments
09-10-2025Resignation: Sébastien CAYLA (director)
08-08-2025Reappointments: Geoffroy GERSDORFF (director) and Sébastien CAYLA…

Go to Timeline

Company details

Sites: 84

Legal form: Public limited company
Activity: Non-specialised retail sale with food, beverages or tobacco…NACE 47110
Founded: 10-12-1992
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 2

See the provisions in the deeds

Go to Articles of association

Key facts about CARREFOUR BELGIUM

What is the company number of CARREFOUR BELGIUM?: 0448.826.918. In Belgium the VAT number is the company number with BE in front: BE 0448.826.918.
Where is CARREFOUR BELGIUM based?: The registered office is at Da Vincilaan 3, 1930 Zaventem.Company details
What does CARREFOUR BELGIUM do?: According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
What is the legal form of CARREFOUR BELGIUM?: Public limited company (NV).
When was CARREFOUR BELGIUM founded?: On 10-12-1992.
Is CARREFOUR BELGIUM still active?: Yes, CARREFOUR BELGIUM is an active enterprise in the KBO register.
How many employees does CARREFOUR BELGIUM have?: On average 6,365.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of CARREFOUR BELGIUM?: €4.02bn in financial year 2025, according to the filed annual accounts.
Is CARREFOUR BELGIUM profitable?: In financial year 2025, CARREFOUR BELGIUM made a loss of €9.8m.
Where can I find the annual accounts of CARREFOUR BELGIUM?: CARREFOUR BELGIUM filed 52 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CARREFOUR BELGIUM due?: By 31-07-2027, for financial year 2026.Timeline