CARVARA
ActiveSummary
The computed 12-month bankruptcy probability of CARVARA is 2.2% (moderate). The 2025 annual accounts show equity of €87k and a net result of €39k. Equity is growing by ~23.8% per year across the filed fiscal years. The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability73▼-1
Solvency33▲+3
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 10.86 against 2.67 in 2024; short-term debt: 1.5% and cash: 0.3% of total assets), but 92% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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
8%
Return on assets
3.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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 · 5 filingsDeviation from the deadline
2025
10 d late
2024
111 d late
2023
90 d late
2022
84 d late
2021
77 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€87k▲ 80.7%
2024 · €48k
2021: €33klowest in 5 years
2022: €49k▲ +46.2% vs 2021
2023: €55k▲ +11.9% vs 2022
2024: €48k▼ -11.7% vs 2023
2025: €87k▲ +80.7% vs 2024highest in 5 years
2021 → 2025
Total assets
€1.09M▲ 12.6%
2024 · €972k
2021: €76klowest in 5 years
2022: €860k▲ +1033% vs 2021
2023: €903k▲ +5.0% vs 2022
2024: €972k▲ +7.6% vs 2023
2025: €1.09M▲ +12.6% vs 2024highest in 5 years
2021 → 2025
Net result
€39k▲ 4.4%
2024 · €37k
2021: €27k
2022: €15k▼ -43.7% vs 2021
2023: €6k▼ -62.4% vs 2022lowest in 5 years
2024: €37k▲ +543% vs 2023
2025: €39k▲ +4.4% vs 2024highest in 5 years
2021 → 2025
Working capital
€160k▲ 279%
2024 · €42k
2021: €33k
2022: €-17k▼ -150% vs 2021
2023: €-28k▼ -63.3% vs 2022lowest in 5 years
2024: €42k▲ +253% vs 2023
2025: €160k▲ +279% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€33k-€49k▲ 46.2%€55k▲ 11.9%€48k▼ 11.7%€87k▲ 80.7%
2021: €33klowest in 5 years
2022: €49k▲ +46.2% vs 2021
2023: €55k▲ +11.9% vs 2022
2024: €48k▼ -11.7% vs 2023
2025: €87k▲ +80.7% vs 2024highest in 5 years
Operating result€27k-€17k▼ 38.6%€20k▲ 21.4%€61k▲ 199%€60k▼ 1.7%
2021: €27k
2022: €17k▼ -38.6% vs 2021lowest in 5 years
2023: €20k▲ +21.4% vs 2022
2024: €61k▲ +199% vs 2023highest in 5 years
2025: €60k▼ -1.7% vs 2024
Net result€27k-€15k▼ 43.7%€6k▼ 62.4%€37k▲ 543%€39k▲ 4.4%
2021: €27k
2022: €15k▼ -43.7% vs 2021
2023: €6k▼ -62.4% vs 2022lowest in 5 years
2024: €37k▲ +543% vs 2023
2025: €39k▲ +4.4% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.09M
Fixed assets
€918k ▲ 1.5%
Current assets
€176k ▲ 161%
Equity and liabilities €1.09M
Equity
€87k ▲ 80.7%
Debt
€1.01M ▲ 9.0%
Debt's share of the balance-sheet total falls from 95.0% to 92.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€67k▼
2024 · €71k
Cash flow
€46k▼
2024 · €47k
Current ratio
10.86▲
2024 · 2.67
Debt to equity
11.53▼
2024 · 19.12
ROE
44.7%▼
2024 · 77.3%
ROA
3.6%▼
2024 · 3.8%
Interest coverage
7.45▼
2024 · 9.22
Debt ≤ 1 year
€16k▼
2024 · €25k
Debt > 1 year
€987k▲
2024 · €896k
Income taxes
€12k▼
2024 · €16k
Staff costs
€-19▼
2024 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€972k€1.09M▲
Fixed assets21/28€904k€918k▲
Tangible fixed assets22/27€96k€110k▲
Land and buildings22€75k€99k▲
Plant, machinery and equipment23€11k€10k▼
Furniture and vehicles24€10k€1k▼
Financial fixed assets28€808k€808k=
Current assets29/58€67k€176k▲
Amounts receivable within one year40/41€61k€23k▼
Trade receivables40€61k€18k▼
Other amounts receivable41-€5k
Current investments50/53-€150k
Cash at bank and in hand54/58€1k€3k▲
Deferred charges and accrued income490/1€5k-
Equity and liabilities
Total equity and liabilities10/49€972k€1.09M▲
Equity10/15€48k€87k▲
Contributions10/11€6k€6k=
Reserves13€42k€81k▲
Distributable reserves133€42k€81k▲
Amounts payable17/49€923k€1.01M▲
Amounts payable after more than one year17€896k€987k▲
Financial debts170/4€896k€987k▲
Amounts payable within one year42/48€25k€16k▼
Current portion of amounts payable after more than one year42€5k€5k▲
Trade debts44€13k€9k▼
Suppliers440/4€13k€9k▼
Taxes, remuneration and social security45€7k€1k▼
Taxes450/3€7k€1k▼
Accrued charges and deferred income492/3€2k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€29k€-19▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€7k▼
Other operating charges640/8€4k€5k▲
Gross operating margin9900€103k€72k▼
Operating profit (loss)9901€61k€60k▼
Financial income75/76B€0€36▲
Recurring financial income75€0€36▲
Financial charges65/66B€8k€9k▲
Recurring financial charges65€8k€9k▲
Profit (loss) for the period before taxes9903€53k€51k▼
Income taxes67/77€16k€12k▼
Profit (loss) for the period9904€37k€39k▲
Profit (loss) for the period to be appropriated9905€37k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€39k▲
Transfer from equity791/2€40k-
Transfer to equity691/2€34k€39k▲
To other reserves6921€34k€39k▲
Profit to be distributed694/7€44k-
Return on contributions (dividend)694€40k-
Employees696€4k-
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €24k | €45k | €50k | €29k | €-19 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €436 | €2k | €9k | €7k | ▼ 21.1% |
| Other operating charges640/8 | €348 | €4k | €2k | €4k | €5k | ▲ 24.3% |
| Non-recurring operating charges66A | €30k | - | - | - | - | - |
| Gross operating margin9900 | €82k | €66k | €75k | €103k | €72k | ▼ 30.0% |
| Operating profit (loss)9901 | €27k | €17k | €20k | €61k | €60k | ▼ 1.7% |
| Financial income75/76B | - | - | - | €0 | €36 | ▲ 358,700% |
| Recurring financial income75 | - | - | - | €0 | €36 | ▲ 358,700% |
| Financial charges65/66B | - | €1k | €5k | €8k | €9k | ▲ 18.4% |
| Recurring financial charges65 | - | €1k | €5k | €8k | €9k | ▲ 18.4% |
| Profit (loss) for the period before taxes9903 | €27k | €15k | €16k | €53k | €51k | ▼ 4.6% |
| Income taxes67/77 | - | - | €10k | €16k | €12k | ▼ 25.4% |
| Profit (loss) for the period9904 | €27k | €15k | €6k | €37k | €39k | ▲ 4.4% |
| Profit (loss) for the period to be appropriated9905 | €27k | €15k | €6k | €37k | €39k | ▲ 4.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €76k | €860k | €903k | €972k | €1.09M | ▲ 12.6% |
| Fixed assets21/28 | - | €841k | €902k | €904k | €918k | ▲ 1.5% |
| Tangible fixed assets22/27 | - | €33k | €93k | €96k | €110k | ▲ 14.4% |
| Land and buildings22 | - | €32k | €81k | €75k | €99k | ▲ 31.1% |
| Plant, machinery and equipment23 | - | €844 | €11k | €11k | €10k | ▼ 7.1% |
| Furniture and vehicles24 | - | - | €2k | €10k | €1k | ▼ 88.8% |
| Financial fixed assets28 | - | €808k | €808k | €808k | €808k | = |
| Current assets29/58 | €76k | €19k | €1k | €67k | €176k | ▲ 161% |
| Amounts receivable within one year40/41 | €62k | €18k | - | €61k | €23k | ▼ 62.9% |
| Trade receivables40 | - | €18k | - | €61k | €18k | ▼ 70.5% |
| Other amounts receivable41 | €62k | - | - | - | €5k | - |
| Current investments50/53 | - | - | - | - | €150k | - |
| Cash at bank and in hand54/58 | €14k | €1k | €1k | €1k | €3k | ▲ 122% |
| Deferred charges and accrued income490/1 | - | - | €232 | €5k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €76k | €860k | €903k | €972k | €1.09M | ▲ 12.6% |
| Equity10/15 | €33k | €49k | €55k | €48k | €87k | ▲ 80.7% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €27k | €43k | €49k | €42k | €81k | ▲ 92.2% |
| Distributable reserves133 | €27k | €43k | €49k | €42k | €81k | ▲ 92.2% |
| Amounts payable17/49 | €42k | €811k | €848k | €923k | €1.01M | ▲ 9.0% |
| Amounts payable after more than one year17 | - | €774k | €815k | €896k | €987k | ▲ 10.1% |
| Financial debts170/4 | - | €774k | €815k | €896k | €987k | ▲ 10.1% |
| Amounts payable within one year42/48 | €42k | €36k | €29k | €25k | €16k | ▼ 35.7% |
| Current portion of amounts payable after more than one year42 | - | - | €4k | €5k | €5k | ▲ 3.9% |
| Trade debts44 | €35k | €32k | €18k | €13k | €9k | ▼ 28.7% |
| Suppliers440/4 | €35k | €32k | €18k | €13k | €9k | ▼ 28.7% |
| Taxes, remuneration and social security45 | €4k | €4k | €6k | €7k | €1k | ▼ 81.0% |
| Taxes450/3 | - | €403 | €821 | €7k | €1k | ▼ 81.0% |
| Remuneration and social security454/9 | €4k | €4k | €6k | - | - | - |
| Other amounts payable47/48 | €4k | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | €940 | €5k | €2k | €3k | ▲ 69.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27k | €15k | €6k | €37k | €39k | ▲ 4.4% |
| + Depreciation and write-downs630 | - | €436 | €2k | €9k | €7k | ▼ 21.1% |
| Operating cash flow (approximation) | €27k | €16k | €8k | €47k | €46k | ▼ 0.7% |
| Investment in fixed assets (approximation) | - | - | €-63k | €-12k | €-21k | ▼ 75.1% |
| Change in cash | - | €-12k | €-328 | €213 | €2k | ▲ 682% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 10 days late
2025
31-12
Financial
Highest result since 2021net €39k ▲4.4%
Net result €39k, the highest in the series.
31-12
Financial
Liquidity quadruplescurrent ratio 10.86
Current ratio from 2.67 to 10.86; short-term debt falls from €25k to €16k.
19-11
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 111 days late
2024
31-12
Financial
Liquidity times 56current ratio 2.67
Current ratio from 0.05 to 2.67; short-term debt falls from €29k to €25k.
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
31-12
Financial
Weakest financial yearnet €6k ▼62.4%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
2022
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 77 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Niklaas
Ground area
2,418 m²
Building footprint
1,953 m²
Volume, LiDAR
30,030 m³
Parcel 46443E1622/00D000, Flanders · tallest building 22.3 m, ±6 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46443E1622/00D000 | Flanders | 2,418 m² | 1 · 1,953 m² | 22.3 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded11-02-2021
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.