CARTH & CO
ActiveCARTH & CO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €318k and a net result of €98k. Equity is growing by ~31.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 14056 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
71
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+2
Solvency60▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22k at 30 days acceptable
Liquidity short (current ratio 0.81 against 0.85 in 2024; short-term debt: 25.5% and cash: 6.5% of total assets), and 64.6% 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
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
35.4%
Return on assets
11%
Age of the figures
18 mo
neutral · Filed after the deadline
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 29-12-2025, 59 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
59 d late
2024
30 d late
2023
29 d late
2022
30 d late
2021
30 d late
2018
30 d late
2017
59 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€318k▲ 44.8%
2024 · €219k
2021: €108k
2022: €124k
2023: €149k
2024: €219k
2021 → 2025
Total assets
€897k▲ 11.9%
2024 · €802k
2021: €546k
2022: €541k
2023: €560k
2024: €802k
2021 → 2025
Net result
€98k▲ 39.3%
2024 · €71k
2021: €35k
2022: €16k
2023: €37k
2024: €71k
2021 → 2025
Working capital
€-44k▼ 38.5%
2024 · €-32k
2021: €117k
2022: €51k
2023: €20k
2024: €-32k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€108k-€124k▲ 14.5%€149k▲ 20.1%€219k▲ 47.3%€318k▲ 44.8%
Operating result€47k-€34k▼ 29.2%€67k▲ 100%€116k▲ 72.1%€165k▲ 42.7%
Net result€35k-€16k▼ 55.3%€37k▲ 133%€71k▲ 92.3%€98k▲ 39.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 43% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €897k
Fixed assets
€712k▲ 13.6%
Current assets
€185k▲ 5.7%
Equity and liabilities €897k
Equity
€318k▲ 44.8%
Debt
€579k▼ 0.5%
The debt ratio falls from 72.6% to 64.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€212k▲
2024 · €157k
Cash flow
€146k▲
2024 · €112k
Solvency
35.4%▲
2024 · 27.4%
Current ratio
0.81▼
2024 · 0.85
Quick ratio
0.81▼
2024 · 0.85
Debt / equity
1.82▼
2024 · 2.65
ROE
30.9%▼
2024 · 32.1%
ROA
11.0%▲
2024 · 8.8%
Interest coverage
6.96▼
2024 · 8.87
Debt
€579k▼
2024 · €582k
Debt ≤ 1 year
€229k▲
2024 · €207k
Debt > 1 year
€338k▼
2024 · €370k
Income taxes
€47k▲
2024 · €33k
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€802k€897k▲
Fixed assets21/28€627k€712k▲
Tangible fixed assets22/27€538k€620k▲
Land and buildings22€506k€595k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24€32k€24k▼
Financial fixed assets28€89k€92k▲
Current assets29/58€175k€185k▲
Amounts receivable within one year40/41€114k€123k▲
Trade receivables40€889-
Other amounts receivable41€113k€123k▲
Cash at bank and in hand54/58€57k€58k▲
Deferred charges and accrued income490/1€4k€4k▲
Equity and liabilities
Total equity and liabilities10/49€802k€897k▲
Equity10/15€219k€318k▲
Contributions10/11€94k€94k=
Reserves13€115k€213k▲
Distributable reserves133€115k€213k▲
Profit (loss) carried forward14€11k€11k=
Amounts payable17/49€582k€579k▼
Amounts payable after more than one year17€370k€338k▼
Financial debts170/4€370k€338k▼
Amounts payable within one year42/48€207k€229k▲
Current portion of amounts payable after more than one year42€31k€32k▲
Trade debts44€5k€14k▲
Suppliers440/4€5k€14k▲
Taxes, remuneration and social security45€12k€7k▼
Taxes450/3€12k€7k▼
Other amounts payable47/48€159k€175k▲
Accrued charges and deferred income492/3€5k€13k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€41k€47k▲
Other operating charges640/8€43k€30k▼
Gross operating margin9900€200k€243k▲
Operating profit (loss)9901€116k€165k▲
Financial income75/76B€6k€10k▲
Recurring financial income75€6k€10k▲
Financial charges65/66B€18k€31k▲
Recurring financial charges65€18k€31k▲
Profit (loss) for the period before taxes9903€104k€145k▲
Income taxes67/77€33k€47k▲
Profit (loss) for the period9904€71k€98k▲
Profit (loss) for the period to be appropriated9905€71k€98k▲
Appropriation of the result
Profit (loss) to be appropriated9906€81k€109k▲
Profit (loss) brought forward from the previous period14P€11k€11k=
Transfer to equity691/2€71k€98k▲
To other reserves6921€71k€98k▲
The notes to these accounts (11 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
2025
29-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 59 days late
31-03
Financial
Highest result since 2021net €98k ▲39.3%
Operating result €165k, net result €98k, both a record.
2024
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
31-03
Financial
Equity above €200kEq €219k ▲47.3%
4 profitable years in a row build equity to €219k.
2023
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
31-03
Financial
Weakest financial yearnet €16k ▼55.3%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2018
30-11
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2017
29-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 59 days late
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
2014
10-12
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 40 days late
2013
14-11
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 2007
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.
Vanderkinderestraat 4671180 UkkelGround area
9,764 m²
Building footprint
5,289 m²
Volume, LiDAR
21,103 m³
Parcel 21612C0004/00D047, Brussels · tallest building 19.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CARTh & Co
since 20072.166.224.883
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21612C0004/00D047 | Brussels | 9,763 m² | 1 · 5,289 m² | 19.4 m · 1 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 1,530 companies in sector 68322 we hold annual accounts for 740. 509 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-10-2007
Fiscal year end31-03
Activities, NACEBEL
68322Real estate appraisal on a fee or contract basis
70312
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.