CARRO WAVRE
ActiveCARRO WAVRE has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.62M and a net result of €516k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 53% of 10331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▲+4
Solvency65▼-11
Growth84=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity ample (current ratio 3.08 against 1.81 in 2024; short-term debt: 15.5% and cash: 26.7% of total assets), but 59.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
40.2%
Return on assets
12.8%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
6 d late
2023
27 d early
2022
5 d early
2021
4 d late
2020
39 d early
2019
11 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€2.30M▲ 24.2%
2018 · €1.85M
2018: €1.85M
2018 → 2019
EBIT margin
3.2%=
2018 · 3.2%
2018: 3.2%
2018 → 2019
Net result
€516k▲ 136%
2024 · €219k
2018: €29k
2019: €38k
2020: €37k
2021: €187k
2022: €394k
2023: €209k
2024: €219k
2018 → 2025
Working capital
€1.30M▲ 248%
2024 · €374k
2018: €-232k
2019: €-234k
2020: €-289k
2021: €-137k
2022: €263k
2023: €198k
2024: €374k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.11M-€703k▼ 36.8%€904k▲ 28.5%€1.11M▲ 23.2%€1.62M▲ 45.5%
Operating result€208k-€412k▲ 97.9%€239k▼ 42.0%€301k▲ 26.0%€631k▲ 110%
Net result€187k-€394k▲ 111%€209k▼ 46.9%€219k▲ 4.4%€516k▲ 136%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 110% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.02M
Fixed assets
€2.10M▲ 53.9%
Current assets
€1.93M▲ 130%
Equity and liabilities €4.02M
Equity
€1.62M▲ 45.5%
Debt
€2.40M▲ 121%
The debt ratio rises from 49.4% to 59.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€695k▲
2024 · €391k
Cash flow
€580k▲
2024 · €309k
Solvency
40.2%▼
2024 · 50.6%
Current ratio
3.08▲
2024 · 1.81
Quick ratio
3.08▲
2024 · 1.75
Debt / equity
1.48▲
2024 · 0.98
ROE
31.8%▲
2024 · 19.6%
ROA
12.8%▲
2024 · 9.9%
Interest coverage
7.67▼
2024 · 24.51
Debt
€2.40M▲
2024 · €1.09M
Debt ≤ 1 year
€625k▲
2024 · €461k
Debt > 1 year
€1.76M▲
2024 · €625k
Income taxes
€188k▲
2024 · €78k
Staff costs
€264k▼
2024 · €286k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.20M€4.02M▲
Fixed assets21/28€1.36M€2.10M▲
Tangible fixed assets22/27€1.36M€1.16M▼
Land and buildings22€1.23M€1.16M▼
Plant, machinery and equipment23€136k-
Financial fixed assets28€109€935k▲
Current assets29/58€836k€1.93M▲
Stocks and contracts in progress3€28k-
Stocks30/36€28k-
Amounts receivable within one year40/41€408k€852k▲
Trade receivables40€400k€825k▲
Other amounts receivable41€8k€27k▲
Cash at bank and in hand54/58€398k€1.07M▲
Deferred charges and accrued income490/1€990€967▼
Equity and liabilities
Total equity and liabilities10/49€2.20M€4.02M▲
Equity10/15€1.11M€1.62M▲
Revaluation surpluses12€225k€225k=
Profit (loss) carried forward14€822k€1.34M▲
Investment grants15€66k€57k▼
Amounts payable17/49€1.09M€2.40M▲
Amounts payable after more than one year17€625k€1.76M▲
Financial debts170/4€625k€1.76M▲
Amounts payable within one year42/48€461k€625k▲
Current portion of amounts payable after more than one year42€120k€160k▲
Trade debts44€233k€253k▲
Suppliers440/4€233k€253k▲
Advances received on contracts in progress46€15k€34k▲
Taxes, remuneration and social security45€93k€177k▲
Taxes450/3€45k€170k▲
Remuneration and social security454/9€48k€6k▼
Accrued charges and deferred income492/3€20€20k▲
Income statement
Code20242025
Non-recurring operating income76A-€504k
Remuneration, social security and pensions62€286k€264k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€90k€64k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€61k
Other operating charges640/8€16k€18k▲
Gross operating margin9900€694k€1.04M▲
Operating profit (loss)9901€301k€631k▲
Financial income75/76B€12k€164k▲
Recurring financial income75€12k€164k▲
Financial charges65/66B€16k€91k▲
Recurring financial charges65€16k€91k▲
Profit (loss) for the period before taxes9903€297k€704k▲
Income taxes67/77€78k€188k▲
Profit (loss) for the period9904€219k€516k▲
Profit (loss) for the period to be appropriated9905€219k€516k▲
Appropriation of the result
Profit (loss) to be appropriated9906€822k€1.34M▲
Profit (loss) brought forward from the previous period14P€603k€822k▲
Social balance
Average headcount (FTE)90874.23.8▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €516k ▲136%
Operating result €631k, net result €516k, both a record.
06-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 6 days late
2024
31-12
Financial
Equity above €1MEq €1.11M ▲23.2%
7 profitable years in a row build equity to €1.11M.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.53
Current ratio from 0.74 to 1.53; short-term debt falls from €526k to €500k.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
31-12
Financial
Equity above €1MEq €1.11M ▲19.1%
4 profitable years in a row build equity to €1.11M.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
18-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
05-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
27-02-2025
ARGILE & KERAMIEK: Resigned as Director
27-02-2025
KC MANAGEMENT: Resigned as Director
21-02-2012
William MOT: Resigned as Managing director
Location & real-estate footprint
Registered office, Wavre · 1 establishment unit since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Boulevard de l'Europe 1411300 WavreGround area
4,932 m²
Building footprint
1,487 m²
Volume, LiDAR
8,787 m³
Parcel 25006C0316/00K000, Wallonia · tallest building 7.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INTERCARRO
since 19942.067.209.758
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006C0316/00K000 | Wallonia | 4,932 m² | 1 · 1,487 m² | 7.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 176 companies in sector 47523 we hold annual accounts for 142. 55 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-03-1994
Fiscal year end31-12
Activities, NACEBEL
47523Retail trade
51532
46831Wholesale of construction materials, general range
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.