Cartamundi Digital Ventures
ActiveSummary
Cartamundi Digital Ventures has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63,631 and a net result of -€16,273. Equity is shrinking by about 19% per year across the filed financial years. The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €63,631
- Loss
- -€16,273
- Parent
- Cartamundi · 100%
- Board
- 6 members
Why 94raises riskLoss of €16,273, the second in a row (financial year 2025)lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 194.67, cash €77,623Size: total assets €77,815Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 70, micro): better than 86% on solvency, 97% on liquidity, 4% on profitability and 22% on growth.
The bankruptcy probability was computed on 30-10-2026 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
This company filed its last 3 accounts on average 59 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Reappointment: EY Bedrijfsrevisoren BV (commissaris revisor)Gazette deed
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€16,273
Financials · financial year 2025, abbreviated format
2023 to 2025, 3 financial years
The operating result stays negative: a loss of €15,635 in 2025 against €13,678 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 3,223 companies that looked in July 2024 the way this one looks now, 3.4% went bankrupt within 24 months and 87.8% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% 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 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 3,223 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Other operating charges640/8 | €109 | €208 | €238 | ▲ 14.4% |
| Gross operating margin9900 | -€5,060 | -€13,470 | -€15,397 | ▼ 14.3% |
| Operating profit (loss)9901 | -€5,169 | -€13,678 | -€15,635 | ▼ 14.3% |
| Financial charges65/66B | €613 | €636 | €638 | ▲ 0.3% |
| Recurring financial charges65 | €613 | €636 | €638 | ▲ 0.3% |
| Profit (loss) for the period before taxes9903 | -€5,782 | -€14,315 | -€16,273 | ▼ 13.7% |
| Profit (loss) for the period9904 | -€5,782 | -€14,315 | -€16,273 | ▼ 13.7% |
| Profit (loss) for the period to be appropriated9905 | -€5,782 | -€14,315 | -€16,273 | ▼ 13.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €97,301 | €83,089 | €77,815 | ▼ 6.3% |
| Current assets29/58 | €97,301 | €83,089 | €77,815 | ▼ 6.3% |
| Amounts receivable within one year40/41 | €354 | €158 | €193 | ▲ 22.5% |
| Trade receivables40 | €197 | - | - | - |
| Other amounts receivable41 | €158 | €158 | €193 | ▲ 22.5% |
| Cash at bank and in hand54/58 | €96,947 | €82,932 | €77,623 | ▼ 6.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €97,301 | €83,089 | €77,815 | ▼ 6.3% |
| Equity10/15 | €94,218 | €79,903 | €63,631 | ▼ 20.4% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | €100,000 | = |
| Profit (loss) carried forward14 | -€5,782 | -€20,097 | -€36,369 | ▼ 81.0% |
| Amounts payable17/49 | €3,083 | €3,186 | €14,185 | ▲ 345% |
| Amounts payable within one year42/48 | €1,292 | €1,295 | €400 | ▼ 69.1% |
| Trade debts44 | €1,292 | €1,295 | €400 | ▼ 69.1% |
| Suppliers440/4 | €1,292 | €1,295 | €400 | ▼ 69.1% |
| Accrued charges and deferred income492/3 | €1,791 | €1,891 | €13,785 | ▲ 629% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,782 | -€14,315 | -€16,273 | ▼ 13.7% |
| Operating cash flow (approximation) | -€5,782 | -€14,315 | -€16,273 | ▼ 13.7% |
| Change in cash | - | -€14,015 | -€5,309 | ▲ 62.1% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 01-06-2026 | 2026-00130422 |
| 31-12-2024 | abbreviated format | 03-06-2025 | 2025-00119164 |
| 31-12-2023 | abbreviated format | 03-06-2024 | 2024-00113247 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 6
Permanent representatives 1
Statutory auditor 1
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| de Cartier de Marchienne, Arnaud Jean-Louis Muriel Ghislain |
|
| dE SOMER Dimitri Philippe |
|
| LAGAERT Istvan Margareta |
|
| Merckator BV |
|
| Arnaud de Cartier de Marchienne |
|
| Dimitri de Somer |
|
| EY Bedrijfsrevisoren BV |
|
| Istvan Lagaert |
|
Owners and capital
Owners
3 ownersChain of control
- Van Genechten NV
- Brepols NV
- Cartamundi
- Cartamundi Digital Ventures
Highest known parent: Van Genechten NV. The sources do not say who stands above it.
Owners 3
-
100%
- Brepols NVconsolidating parentconsolidates
- Van Genechten NVconsolidating parentconsolidates
According to the 2025 annual accounts of Cartamundi Digital Ventures and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- Cartamundi (BE 0437.358.548) sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 03-08-2022 Incorporation · €100,000
Group and network
Connections & network
8 connected companiesShow 4 more companies with a shared director
History
Cartamundi Digital Ventures was incorporated on 1 August 2022 as a private limited company by Cartamundi, with a starting capital of €100,000.12 The registered office was moved to Turnhout in 2024.3 The board currently has 6 members; 4 of them have served since 2022.2 Total assets fell from €97,301 in 2023 to €77,815 in 2025.4
Acts, filings and financial milestones
15-07
Gazette deed
Reappointment: EY Bedrijfsrevisoren BV (commissaris revisor)2 facts ▸
- General meeting, 05-05-2026
- Auditor reappointment, EY Bedrijfsrevisoren BV (commissaris revisor)
03-06
Gazette deed
Reappointments: Merckator BV, Arnaud de Cartier de Marchienne and Dimitri de SomerPermanent representative: Stefaan Merckx5 facts ▸
- General meeting, 06-05-2025
- Director reappointment, Merckator BV (director)
- Permanent representative, Stefaan Merckx
- Director reappointment, Arnaud de Cartier de Marchienne (director)
- Director reappointment, Dimitri de Somer (director)
14-02
Gazette deed
Resignation: Istvan Lagaert (director)Director discharge2 facts ▸
- Director resignation, Istvan Lagaert (director)
- Director discharge, Istvan Lagaert
22-01
Gazette deed
Registered officeRegistered-office move1 fact ▸
- Registered-office move, Turnovatoren 14, bus 1, 2300 Turnhout
20-11
Gazette deed
Appointment: Ernst & Young Bedrijfsrevisoren BV (statutory auditor)2 facts ▸
- General meeting, 05-10-2023
- Auditor appointment, Ernst & Young Bedrijfsrevisoren BV (statutory auditor)
03-08
Gazette deed
IncorporationPermanent representatives: de Somer,Frédéric Christian Jean Marie and Merckx, Stefaan Damiaan Luc · Appointments: Merckator, de Somer, Dimitri Philippe and 2 others · Founder14 facts ▸
- Incorporation, “Cartamundi Digital Ventures” (deed in Dutch)
- Founder, Cartamundi
- Director in office, de Cartier de Marchienne,Jean-Louis Marie Ghislain (director)
- Director in office, Frebrec (director)
- Permanent representative, de Somer,Frédéric Christian Jean Marie
- Founding capital, €100,000
- Registered office clause, “2300 Turnhout, Visbeekstraat 22” (deed in Dutch)
- Director appointment, Merckator (director (not named in the articles))
- Permanent representative, Merckx, Stefaan Damiaan Luc
- Director appointment, de Somer, Dimitri Philippe (director (not named in the articles))
- Director appointment, de Cartier de Marchienne, Arnaud Jean-Louis Muriel Ghislain (director (not named in the articles))
- Director appointment, Lagaert, Istvan Margareta (director (not named in the articles))
- +2 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13454R0624/00A002 | Flanders | 6,615 m² | 1 · 4,734 m² | 18.4 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van…” (deed in Dutch)
6 activities (deed in Dutch)
- Het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten vennootschappen die digitaal actief zijn in onder digitale (kaart)spellen,games en/of e-sports (“Digitaal Actief);evenals de vervreemding door verkoop,ruil,op gelijk welke wijze van roerende waarden
- Het beheer en de controle en de behartiging en groei van deze deelnemingen
- Het bevorderen van de oprichting van vennootschappen die Digitaal Actief zijn door inbreng,participaties of investeringen
- Het toestaan van leningen aan vennootschappen of particulieren die Digitaal Actief zijn,onder om het even welke vorm;in dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten,behalve deze die wettelijk zijn voorbehouden aan de krediet- en financiële instellingen
- Het waarnemen van alle bestuurs- en controleopdrachten,het uitoefenen van opdrachten en functies m.b.t.vennootschappen die Digitaal Actief zijn
- Het verlenen van adviezen van financiële,technische,commerciële of administratieve aard,in de ruimste zin bijstand en diensten verlenen,rechtstreeks of onrechtstreeks op het vlak van administratie en financiën,verkoop,productie,marketing,digitaal,M&A en IT en algemeen bestuur
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Eenvoudige beslissing, alle machten tot authentieke vaststelling statutenwijziging” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde duur, één of meer” (deed in Dutch)“Al dan niet ten kosteloze titel, algemene kosten, los van representatie-, reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Meerderheidsaandeelhouder, 1” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of May at 16:00