Carrera Projects
ActiveFinancials · financial year 2024, abbreviated format
2025 annual accounts not yet filed, deadline passed on 31 October 2025 The financial year closed on 31 March 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 30-11-2024 PDF all 19 filings
Turnover
≈ €300,000
Estimated: probably between €250,000 and €460,000
Total assets
€1.7m▼ 11.0%
2023 · €2.0m
Net result
€18,037▼ 87.0%
2023 · €138,727
Working capital
-€432,772▼ 23.6%
2023 · -€350,200
Multi-year overview
2019 to 2024, 5 financial yearsOperating result
€47,503
▼ 71.8%
2024
20192024
Net result
€18,037
▼ 87.0%
2024
middle half of the sector
20192024
Equity
€349,525
▲ 5.4%
2024
middle half of the sector
20192024
Total assets
€1.7m
▼ 11.0%
2024
middle half of the sector
20192024
Debt
€1.4m
▼ 14.4%
2024
20192024
Working capital
-€432,772
▼ 23.6%
2024
lowest quarter of the sector
20192024
Solvency
20.1%
▲ 3.1pp
2024
middle half of the sector
20192024
Current ratio
0.41
▼ 0.10
2024
lowest quarter of the sector
20192024
Return on assets (ROA)
1.0%
▼ 6.1pp
2024
middle half of the sector
20192024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20192021202220232024
Operating result€0.06m-€0.07m-€0.08m▲ 16.0%€0.2m▲ 103%€0.05m▼ 71.8%
Net result€0.03m-€0.09mwithin the sector's middle half-€0.06mabove the sector's middle half▼ 40.1%€0.1mabove the sector's middle half▲ 152%€0.02mwithin the sector's middle half▼ 87.0%
Equity€0.05m-€0.1mwithin the sector's middle half-€0.2mwithin the sector's middle half▲ 40.0%€0.3mwithin the sector's middle half▲ 72.0%€0.3mwithin the sector's middle half▲ 5.4%
Total assets€0.9m-€1.1mwithin the sector's middle half-€1.7mabove the sector's middle half▲ 49.1%€2.0mwithin the sector's middle half▲ 16.0%€1.7mwithin the sector's middle half▼ 11.0%
Debt€0.8m-€1.0m-€1.5m▲ 50.4%€1.6m▲ 8.7%€1.4m▼ 14.4%
Working capital-€0.07m--€0.3mbelow the sector's middle half--€0.3mbelow the sector's middle half▼ 17.0%-€0.4mbelow the sector's middle half▼ 6.0%-€0.4mbelow the sector's middle half▼ 23.6%
Solvency5.2%-12.2%within the sector's middle half-11.5%within the sector's middle half▼ 0.7pp17.0%within the sector's middle half▲ 5.5pp20.1%within the sector's middle half▲ 3.1pp
Current ratio0.74-0.40below the sector's middle half-0.55within the sector's middle half▲ 0.150.51within the sector's middle half▼ 0.050.41below the sector's middle half▼ 0.10
Return on assets (ROA)3.4%-8.1%above the sector's middle half-3.3%within the sector's middle half▼ 4.9pp7.1%above the sector's middle half▲ 3.8pp1.0%within the sector's middle half▼ 6.1pp
above
within
below
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2024 is 72% lower than in 2023 and the lowest since 2019.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.7m
Fixed assets
€1.4m ▼ 9.8%
Current assets
€298,016 ▼ 16.6%
Equity and liabilities €1.7m
Equity
€349,525 ▲ 5.4%
Debt
€1.4m ▼ 14.4%
Debt's share of the balance-sheet total falls from 83.0% to 79.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€163,976▼
2023 · €277,789
Cash flow
€134,510▼
2023 · €247,799
Debt to equity
3.96▼
2023 · 4.88
ROE
5.2%▼
2023 · 41.8%
Interest coverage
5.66▼
2023 · 18.54
Debt ≤ 1 year
€730,789▲
2023 · €707,631
Debt > 1 year
€654,855▼
2023 · €911,323
Income taxes
€0▼
2023 · €15,328
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 |
|---|---|---|---|
| Debts secured on the company's own assets | - | - | €715,591 |
Source: notes to the 2022 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 |
|---|---|---|---|
| Tangible fixed assets | €436,234 | €431,124 | €157,199 |
| Depreciation and write-downs of the year | €101,831 | €109,072 | €116,473 |
Source: notes to the 2022 to 2024 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,342 | €140,939 | €101,831 | €109,072 | €116,473 | ▲ 6.8% |
| Other operating charges640/8 | - | - | €3,315 | €2,538 | €4,000 | ▲ 57.6% |
| Gross operating margin9900 | €106,341 | €216,425 | €188,273 | €280,327 | €167,976 | ▼ 40.1% |
| Operating profit (loss)9901 | €60,157 | €71,673 | €83,127 | €168,717 | €47,503 | ▼ 71.8% |
| Financial income75/76B | - | - | €7,461 | €322 | €97 | ▼ 69.8% |
| Recurring financial income75 | €80 | €2,556 | €3,902 | €322 | €97 | ▼ 69.8% |
| Non-recurring financial income76B | - | - | €3,559 | - | - | - |
| Financial charges65/66B | - | - | €20,509 | €14,984 | €29,564 | ▲ 97.3% |
| Recurring financial charges65 | €13,703 | €16,936 | €20,509 | €14,984 | €28,978 | ▲ 93.4% |
| Non-recurring financial charges66B | - | - | - | - | €585 | - |
| Profit (loss) for the period before taxes9903 | €46,516 | €95,937 | €70,080 | €154,055 | €18,037 | ▼ 88.3% |
| Income taxes67/77 | €16,689 | €4,009 | €15,001 | €15,328 | €0 | ▼ 100.0% |
| Profit (loss) for the period9904 | €29,827 | €91,929 | €55,079 | €138,727 | €18,037 | ▼ 87.0% |
| Profit (loss) for the period to be appropriated9905 | €29,827 | €91,929 | €55,079 | €138,727 | €18,037 | ▼ 87.0% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.9m | €1.1m | €1.7m | €2.0m | €1.7m | ▼ 11.0% |
| Fixed assets21/28 | €0.7m | €0.9m | €1.3m | €1.6m | €1.4m | ▼ 9.8% |
| Tangible fixed assets22/27 | €0.7m | €0.9m | €1.3m | €1.6m | €1.4m | ▼ 9.8% |
| Land and buildings22 | - | - | €1.2m | €1.5m | €1.4m | ▼ 10.0% |
| Plant, machinery and equipment23 | - | - | €0.03m | €0.04m | €0.05m | ▲ 28.2% |
| Furniture and vehicles24 | - | - | €0.05m | €0.05m | €0.03m | ▼ 38.2% |
| Current assets29/58 | €0.2m | €0.2m | €0.4m | €0.4m | €0.3m | ▼ 16.6% |
| Amounts receivable within one year40/41 | €0.04m | €0.02m | €0.009m | €0.2m | €0.2m | ▲ 4.0% |
| Trade receivables40 | - | - | €0.004m | €0.02m | €0.04m | ▲ 110% |
| Other amounts receivable41 | - | - | €0.005m | €0.2m | €0.2m | ▼ 6.0% |
| Cash at bank and in hand54/58 | €0.2m | €0.2m | €0.4m | €0.2m | €0.1m | ▼ 41.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.9m | €1.1m | €1.7m | €2.0m | €1.7m | ▼ 11.0% |
| Equity10/15 | €0.05m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 5.4% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Capital10 | - | - | €0.02m | €0.02m | €0.02m | = |
| Issued capital100 | - | - | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | €0.002m | €0.002m | €0.002m | = |
| Profit (loss) carried forward14 | €0.03m | €0.1m | €0.2m | €0.3m | €0.3m | ▲ 5.8% |
| Provisions and deferred taxes16 | €0.01m | - | - | - | - | - |
| Amounts payable17/49 | €0.8m | €1.0m | €1.5m | €1.6m | €1.4m | ▼ 14.4% |
| Amounts payable after more than one year17 | €0.6m | €0.5m | €0.7m | €0.9m | €0.7m | ▼ 28.1% |
| Financial debts170/4 | - | - | €0.7m | €0.9m | €0.7m | ▼ 28.1% |
| Amounts payable within one year42/48 | €0.3m | €0.5m | €0.7m | €0.7m | €0.7m | ▲ 3.3% |
| Current portion of amounts payable after more than one year42 | - | - | €0.05m | €0.06m | €0.06m | ▲ 7.6% |
| Trade debts44 | €0.04m | €0.2m | €0.2m | €0.3m | €0.2m | ▼ 32.5% |
| Suppliers440/4 | - | - | €0.2m | €0.3m | €0.2m | ▼ 32.5% |
| Advances received on contracts in progress46 | - | - | - | €0.1m | €0.08m | ▼ 19.2% |
| Taxes, remuneration and social security45 | - | - | €0.01m | €0.02m | €0.02m | ▲ 10.0% |
| Taxes450/3 | - | - | €0.01m | €0.02m | €0.02m | ▲ 10.0% |
| Other amounts payable47/48 | - | - | €0.5m | €0.2m | €0.3m | ▲ 74.4% |
| Line | 2019 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €29,827 | €91,929 | €55,079 | €138,727 | €18,037 | ▼ 87.0% |
| + Depreciation and write-downs630 | €38,342 | €140,939 | €101,831 | €109,072 | €116,473 | ▲ 6.8% |
| Operating cash flow (approximation) | €68,169 | €232,868 | €156,910 | €247,799 | €134,510 | ▼ 45.7% |
| Investment in fixed assets (approximation) | - | - | -€435,391 | -€431,124 | €39,386 | - |
| Change in cash | - | - | €228,481 | -€239,406 | -€67,226 | ▲ 71.9% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2024 | abbreviated format | 30-11-2024 | 2024-00607252 | |
| 31-03-2023 | abbreviated format | 24-11-2023 | 2023-00515508 | |
| 31-03-2022 | micro format | 04-10-2022 | 2022-20449002 | |
| 31-03-2021 | abbreviated format | 01-10-2021 | 2021-70300211 | |
| 30-06-2019 | abbreviated format | 03-01-2020 | 2020-00100451 | |
| 30-06-2018 | abbreviated format | 14-12-2018 | 2018-74400461 | |
| 30-06-2017 | abbreviated format | 21-11-2017 | 2017-70300044 | |
| 30-06-2016 | abbreviated format | 16-01-2017 | 2017-01500017 | |
| 30-06-2015 | abbreviated format | 11-01-2016 | 2016-01000069 | |
| 30-06-2014 | abbreviated format | 26-12-2014 | 2014-71000094 |