Checked.be
Active
BE 0898.017.882Private limited company
CARRELAGES OUTLET STORE
Quai du Roi-Albert 105 ·4020 Liège, Belgium· 18 yrs active
Sector: Retail trade
(47523)
Conclusion
CARRELAGES OUTLET STORE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €39k and a net result of €17k. Equity is growing by ~8.5% per year across the filed fiscal years. Its solvency ranks better than 16% of 9984 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 6 annual accounts.
Key figures
| Equity | €39k |
| Net result | €17k |
| Better than sector | 16% |
| Active | 18 yrs |
Financial profile
70
/ 100
Strong profile, led by profitability.
All 5 axes are computed from data Checked has read.
Health
55
Profitability
100
Solvency
16
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2008, 18 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
55
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€2k
estimate, not credit advice
Score history
40
2020
66
2021
58
2022
27
2023
58
2024
55
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.05 (≥ 1.0)
+5
Quick ratio
Quick ratio 0.25 (< 0.6)
-5
Leverage
Debt/equity 15.29 (> 3.0)
-10
Profitability
ROE 44% (≥ 10%)
+10
Interest coverage
Interest coverage 6.8× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 14-07-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~8.5%/year over 6 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 6.1% | 37.6% | |
| Net result | €17k | €30k | |
| Equity | €39k | €260k | |
| Gross operating margin | €41k | €227k | |
| Total assets | €640k | €791k |
€36k
+37.5%
20-25
€17k
-52.1%
20-25
€24k
+29.9%
20-25
€640k
+48.1%
20-25
€39k
-27.9%
20-25
€26k
-51.7%
20-25
€8k
+113.9%
20-25
€33k
-
20-25
€601k
+59.1%
20-25
€546k
+44.5%
20-25
€55k
-
20-25
1.05
-8.4%
20-25
0.25
-19.3%
20-25
6.1%
-51.3%
20-25
15.29
+120.8%
20-25
44.2%
-33.5%
20-25
2.7%
-67.6%
20-25
6.82
-4.9%
20-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | full schema | full schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €36k | - | - | €26k | €50k |
| Net profit | €17k | €36k | €-35k | €6k | €40k |
| Cash flow | €24k | - | - | €19k | €40k |
| Staff costs | - | - | - | - | - |
| Income taxes | €8k | €4k | €522 | €6k | €6k |
| Dividends | €33k | - | - | - | - |
| Total assets | €640k | €432k | €457k | €584k | €272k |
| Equity | €39k | €55k | €18k | €53k | €47k |
| Debt | €601k | €378k | €439k | €531k | €225k |
| of which ≤ 1y | €546k | €378k | €439k | €531k | €224k |
| of which > 1y | €55k | - | - | - | - |
| Working capital | €26k | €55k | €18k | €53k | €48k |
| Employees (FTE) | - | - | - | - | - |
Note: these years are not on the same basis. The filed schemas differ (abbreviated schema, full schema, micro schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.05 | 1.14 | 1.04 | 1.10 | 1.21 |
| Quick ratio | 0.25 | 0.31 | 0.15 | 0.12 | 0.36 |
| Working capital ratio | 4.1% | 12.6% | 4.0% | 9.2% | 17.6% |
| Solvency | 6.1% | 12.6% | 4.0% | 9.2% | 17.4% |
| Debt / equity | 15.29 | 6.92 | 23.93 | 9.92 | 4.75 |
| Long-term debt ratio | 1.41 | - | - | - | - |
| Interest coverage | 6.82 | - | - | 7.18 | 12.94 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 2.7% | 8.4% | -7.7% | 1.1% | 14.7% |
| ROE | 44.2% | 66.4% | -191.9% | 11.5% | 84.7% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €640k | €432k | €457k | €584k | €272k |
| Fixed assets | 21/28 | €68k | - | - | - | - |
| Tangible fixed assets | 22/27 | €68k | - | - | - | - |
| Current assets | 29/58 | €572k | €432k | €457k | €584k | €272k |
| Stocks & contracts in progress | 3 | €435k | €314k | €390k | €523k | €190k |
| Amounts receivable within one year | 40/41 | €78k | €33k | €32k | €26k | €5k |
| Cash & bank | 54/58 | €57k | €85k | €32k | €32k | €77k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €640k | €432k | €457k | €584k | €272k |
| Equity | 10/15 | €39k | €55k | €18k | €53k | €47k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k | €19k |
| Reserves | 13 | €19k | €34k | €34k | €34k | €28k |
| Accumulated profits (losses) | 14 | €1k | €1k | €-35k | - | - |
| Amounts payable | 17/49 | €601k | €378k | €439k | €531k | €225k |
| Amounts payable after one year | 17 | €55k | - | - | - | - |
| Amounts payable within one year | 42/48 | €546k | €378k | €439k | €531k | €224k |
| Trade debts payable within one year | 44 | €492k | €352k | €420k | €517k | €177k |
| Income statement | ||||||
| Gross operating margin | 9900 | €41k | €47k | €-24k | €29k | €67k |
| Operating result | 9901 | €29k | €43k | €-32k | €13k | €50k |
| Financial income | 75 | €1k | €62 | €6 | €2k | €35 |
| Financial charges | 65 | €5k | €4k | €2k | €4k | €4k |
| Result before taxes | 9903 | €25k | €40k | €-35k | €12k | €46k |
| Income taxes | 67/77 | €8k | €4k | €522 | €6k | €6k |
| Net result for the period | 9904 | €17k | €36k | €-35k | €6k | €40k |
| Result to be appropriated | 9905 | €17k | €36k | €-35k | €6k | €40k |
Legal Structure
| NACE primary | Retail trade(47523) |
| Legal form | Private limited company(610) |
| Incorporation | 20-05-2008 |
| Status | Active |
| Postal code | 4020 |
Establishment units
Carrelages Outlet Store
since 20082.199.498.457
Updates
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 6 days late
2024
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
31-12
Financial
Weakest financial yearnet €-35k ▼670%
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 28 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 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.
Belgian State Gazette reading coverage
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Retail trade47523Wholesale trade46835
Names & trade names
| Legal nameFR | CARRELAGES OUTLET STORE |
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