CARTHEA
ActiveCARTHEA has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €175 and a net result of €4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 8968 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
67
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83▼-14
Solvency25▲+5
Growth76=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
0.5%
Return on assets
11.6%
Age of the figures
21 mo
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 8968 sector peers (2024).
NBB · sector comparisonPosition among 8968 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-03-2025, 149 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
149 d early
2023
209 d early
2022
37 d early
2021
39 d early
2020
82 d late
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€0▼ 100%
2020 · €25k
2018: €20k
2019: €30k
2020: €25k
2018 → 2021
EBIT margin
8.7%▼ 11.0pp
2019 · 19.7%
2018: -47.7%
2019: 19.7%
2018 → 2020
Net result
€4k▼ 79.1%
2023 · €20k
2018: €-10k
2019: €6k
2020: €2k
2021: €-20k
2022: €-6k
2023: €20k
2018 → 2024
Working capital
€13k▼ 77.7%
2023 · €57k
2018: €-14k
2019: €-11k
2020: €3k
2021: €1k
2022: €28k
2023: €57k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€25k-€0▼ 100%
Equity€2k-€-18k€-23k▼ 31.0%€-4k▲ 83.3%€175
Operating result€2k-€-20k€-6k▲ 72.3%€20k€4k▼ 79.1%
Net result€2k-€-20k€-6k▲ 72.5%€20k€4k▼ 79.1%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 79% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €35k
Fixed assets
€21k▲ 4.6%
Current assets
€14k▼ 78.7%
Equity and liabilities €35k
Equity
€175
Debt
€35k
Debt finances 99.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€11k▼
2023 · €28k
Cash flow
€11k▼
2023 · €28k
Solvency
0.5%▲
2023 · -4.6%
Current ratio
13.30▲
2023 · 8.57
Quick ratio
13.30▲
2023 · 8.57
ROA
11.6%▼
2023 · 22.9%
Interest coverage
232.46▼
2023 · 626.87
Debt
€35k▼
2023 · €89k
Debt ≤ 1 year
€1k▼
2023 · €8k
Debt > 1 year
€34k▼
2023 · €70k
Equity ratios withheld: equity of €175 is too small for a meaningful ratio.
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€85k€35k▼
Fixed assets21/28€20k€21k▲
Tangible fixed assets22/27€20k€21k▲
Furniture and vehicles24€20k€20k▲
Other tangible fixed assets26€900€900=
Current assets29/58€65k€14k▼
Amounts receivable within one year40/41€63k€4k▼
Trade receivables40-€2k
Other amounts receivable41€63k€3k▼
Cash at bank and in hand54/58€2k€9k▲
Equity and liabilities
Total equity and liabilities10/49€85k€35k▼
Equity10/15€-4k€175▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€6k€6k=
Profit (loss) carried forward14€-10k€-6k▲
Amounts payable17/49€89k€35k▼
Amounts payable after more than one year17€70k€34k▼
Other amounts payable178/9€70k€34k▼
Amounts payable within one year42/48€8k€1k▼
Trade debts44€6k€1k▼
Suppliers440/4€6k€1k▼
Taxes, remuneration and social security45€2k-
Taxes450/3€2k-
Accrued charges and deferred income492/3€11k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€7k▼
Non-recurring operating charges66A-€3k
Gross operating margin9900€28k€14k▼
Operating profit (loss)9901€20k€4k▼
Financial charges65/66B€45€48▲
Recurring financial charges65€45€48▲
Profit (loss) for the period before taxes9903€20k€4k▼
Income taxes67/77€166-
Profit (loss) for the period9904€20k€4k▼
Profit (loss) for the period to be appropriated9905€20k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-10k€-6k▲
Profit (loss) brought forward from the previous period14P€-30k€-10k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €20k
Net result €20k after 2 loss-making years.
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Liquidity doublescurrent ratio 5.24
Current ratio from 2.16 to 5.24.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-20k ▼1043%
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
21-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 82 days late
2020
31-12
Financial
Liquidity times 16current ratio 7.32
Current ratio from 0.47 to 7.32; short-term debt falls from €21k to €508.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
10-01
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 163 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Elsene · 1 establishment unit since 2014
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.
Gen.Geneesheer Derachelaan 1531050 Elsene1 establishment unit
Gen.Geneesheer Derachelaan 153, 1050 Elsene
since 20142.243.201.115
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Of 2,715 companies in sector 73200 we hold annual accounts for 1,785. 30 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-10-2014
Fiscal year end31-12
Activities, NACEBEL
73200Market research and public opinion polling
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filings
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.