CO-carré
ActiveSummary
CO-carré has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-12k) and a net result of €12k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 31791 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+14
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.73 against 0.38 in 2024; short-term debt: 133.8% and cash: 20.3% of total assets), and equity is negative.
Credit check 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-33.8%
Return on assets
33.2%
Age of the figures
9 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 5% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
31 d late
2023
30 d late
2022
19 d early
2021
85 d late
2020
25 d late
2019
51 d early
← 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
Equity
€-12k▲ 49.6%
2024 · €-24k
2018: €3k
2019: €10k▲ +190% vs 2018highest in 8 years
2020: €4k▼ -57.8% vs 2019
2021: €-2k▼ -142% vs 2020
2022: €-35k▼ -1859% vs 2021lowest in 8 years
2023: €-33k▲ +6.9% vs 2022
2024: €-24k▲ +27.5% vs 2023
2025: €-12k▲ +49.6% vs 2024
2018 → 2025
Total assets
€35k▲ 181%
2024 · €13k
2018: €37k
2019: €66k▲ +77.0% vs 2018highest in 8 years
2020: €49k▼ -24.9% vs 2019
2021: €62k▲ +25.9% vs 2020
2022: €39k▼ -36.9% vs 2021
2023: €13k▼ -66.0% vs 2022
2024: €13k▼ -5.6% vs 2023lowest in 8 years
2025: €35k▲ +181% vs 2024
2018 → 2025
Net result
€12k▲ 30.7%
2024 · €9k
2018: €-32k
2019: €7k▲ +121% vs 2018
2020: €-6k▼ -188% vs 2019
2021: €-6k▼ -3.8% vs 2020
2022: €-33k▼ -450% vs 2021lowest in 8 years
2023: €2k▲ +107% vs 2022
2024: €9k▲ +273% vs 2023
2025: €12k▲ +30.7% vs 2024highest in 8 years
2018 → 2025
Working capital
€-13k▲ 26.0%
2024 · €-18k
2018: €-235
2019: €6k▲ +2816% vs 2018
2020: €9k▲ +37.3% vs 2019
2021: €29k▲ +227% vs 2020highest in 8 years
2022: €-12k▼ -141% vs 2021
2023: €-17k▼ -43.0% vs 2022
2024: €-18k▼ -4.9% vs 2023lowest in 8 years
2025: €-13k▲ +26.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-2k-€-35k▼ 1,859%€-33k▲ 6.9%€-24k▲ 27.5%€-12k▲ 49.6%
2021: €-2khighest in 5 years
2022: €-35k▼ -1859% vs 2021lowest in 5 years
2023: €-33k▲ +6.9% vs 2022
2024: €-24k▲ +27.5% vs 2023
2025: €-12k▲ +49.6% vs 2024
Operating result€-3k-€-29k▼ 937%€19k€12k▼ 38.4%€14k▲ 18.8%
2021: €-3k
2022: €-29k▼ -937% vs 2021lowest in 5 years
2023: €19k▲ +166% vs 2022highest in 5 years
2024: €12k▼ -38.4% vs 2023
2025: €14k▲ +18.8% vs 2024
Net result€-6k-€-33k▼ 450%€2k€9k▲ 273%€12k▲ 30.7%
2021: €-6k
2022: €-33k▼ -450% vs 2021lowest in 5 years
2023: €2k▲ +107% vs 2022
2024: €9k▲ +273% vs 2023
2025: €12k▲ +30.7% 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 recovers in 2025; 2025 is 19% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35k
Fixed assets
€975 ▼ 52.4%
Current assets
€34k ▲ 227%
Key figures and ratios
EBITDA
€15k▲
2024 · €12k
Cash flow
€13k▲
2024 · €9k
Solvency
-33.8%▲
2024 · -188.8%
Current ratio
0.73▲
2024 · 0.38
Debt to equity
-3.96▼
2024 · -1.53
ROA
33.2%▼
2024 · 71.6%
Interest coverage
6.61▲
2024 · 4.30
Debt
€47k▲
2024 · €36k
Debt ≤ 1 year
€47k▲
2024 · €28k
Income taxes
€132▼
2024 · €149
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€13k€35k▲
Fixed assets21/28€2k€975▼
Tangible fixed assets22/27€2k€806▼
Furniture and vehicles24€2k€806▼
Financial fixed assets28€170€170=
Current assets29/58€11k€34k▲
Amounts receivable within one year40/41€8k€26k▲
Trade receivables40€1k€21k▲
Other amounts receivable41€6k€5k▼
Cash at bank and in hand54/58€2k€7k▲
Deferred charges and accrued income490/1€1,000€1k▲
Equity and liabilities
Total equity and liabilities10/49€13k€35k▲
Equity10/15€-24k€-12k▲
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€-32k€-20k▲
Amounts payable17/49€36k€47k▲
Amounts payable after more than one year17€8k-
Financial debts170/4€8k-
Amounts payable within one year42/48€28k€47k▲
Current portion of amounts payable after more than one year42€9k€9k▲
Financial debts43€11k€3▼
Credit institutions430/8€11k€3▼
Trade debts44€4k€39k▲
Suppliers440/4€4k€39k▲
Taxes, remuneration and social security45€5k€7▼
Taxes450/3€5k€7▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€474€1k▲
Other operating charges640/8€810€400▼
Gross operating margin9900€13k€16k▲
Operating profit (loss)9901€12k€14k▲
Financial income75/76B€153€98▼
Recurring financial income75€153€98▼
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€9k€12k▲
Income taxes67/77€149€132▼
Profit (loss) for the period9904€9k€12k▲
Profit (loss) for the period to be appropriated9905€9k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-32k€-20k▲
Profit (loss) brought forward from the previous period14P€-41k€-32k▲
The notes to these accounts (5 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 | €30k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €779 | €935 | €570 | €474 | €1k | ▲ 126% |
| Other operating charges640/8 | €1k | €733 | €830 | €810 | €400 | ▼ 50.7% |
| Gross operating margin9900 | €23k | €2k | €21k | €13k | €16k | ▲ 18.4% |
| Operating profit (loss)9901 | €-3k | €-29k | €19k | €12k | €14k | ▲ 18.8% |
| Financial income75/76B | €202 | €12 | €136 | €153 | €98 | ▼ 36.1% |
| Recurring financial income75 | €202 | €12 | €136 | €153 | €98 | ▼ 36.1% |
| Financial charges65/66B | €3k | €4k | €17k | €3k | €2k | ▼ 19.9% |
| Recurring financial charges65 | €3k | €4k | €17k | €3k | €2k | ▼ 19.9% |
| Profit (loss) for the period before taxes9903 | €-6k | €-33k | €3k | €9k | €12k | ▲ 30.0% |
| Income taxes67/77 | €141 | €141 | €162 | €149 | €132 | ▼ 11.3% |
| Profit (loss) for the period9904 | €-6k | €-33k | €2k | €9k | €12k | ▲ 30.7% |
| Profit (loss) for the period to be appropriated9905 | €-6k | €-33k | €2k | €9k | €12k | ▲ 30.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €62k | €39k | €13k | €13k | €35k | ▲ 181% |
| Fixed assets21/28 | €2k | €947 | €377 | €2k | €975 | ▼ 52.4% |
| Tangible fixed assets22/27 | €2k | €778 | €208 | €2k | €806 | ▼ 57.1% |
| Furniture and vehicles24 | €2k | €778 | €208 | €2k | €806 | ▼ 57.1% |
| Financial fixed assets28 | €170 | €170 | €170 | €170 | €170 | = |
| Current assets29/58 | €60k | €38k | €13k | €11k | €34k | ▲ 227% |
| Amounts receivable within one year40/41 | €47k | €36k | €11k | €8k | €26k | ▲ 247% |
| Trade receivables40 | €41k | €33k | €6k | €1k | €21k | ▲ 1,364% |
| Other amounts receivable41 | €6k | €3k | €5k | €6k | €5k | ▼ 19.6% |
| Cash at bank and in hand54/58 | €13k | €2k | €2k | €2k | €7k | ▲ 262% |
| Deferred charges and accrued income490/1 | - | - | - | €1,000 | €1k | ▲ 5.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €62k | €39k | €13k | €13k | €35k | ▲ 181% |
| Equity10/15 | €-2k | €-35k | €-33k | €-24k | €-12k | ▲ 49.6% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €-10k | €-43k | €-41k | €-32k | €-20k | ▲ 37.0% |
| Amounts payable17/49 | €64k | €74k | €46k | €36k | €47k | ▲ 30.4% |
| Amounts payable after more than one year17 | €32k | €24k | €16k | €8k | - | - |
| Financial debts170/4 | €32k | €24k | €16k | €8k | - | - |
| Amounts payable within one year42/48 | €32k | €50k | €30k | €28k | €47k | ▲ 69.0% |
| Current portion of amounts payable after more than one year42 | €8k | €8k | €9k | €9k | €9k | ▲ 1.6% |
| Financial debts43 | €1k | €8k | €12k | €11k | €3 | ▼ 100.0% |
| Credit institutions430/8 | €1k | €8k | €12k | €11k | €3 | ▼ 100.0% |
| Trade debts44 | €8k | €16k | €1k | €4k | €39k | ▲ 832% |
| Suppliers440/4 | €8k | €16k | €1k | €4k | €39k | ▲ 832% |
| Taxes, remuneration and social security45 | €14k | €17k | €8k | €5k | €7 | ▼ 99.8% |
| Taxes450/3 | €10k | €13k | €8k | €5k | €7 | ▼ 99.8% |
| Remuneration and social security454/9 | €4k | €5k | €109 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-6k | €-33k | €2k | €9k | €12k | ▲ 30.7% |
| + Depreciation and write-downs630 | €779 | €935 | €570 | €474 | €1k | ▲ 126% |
| Operating cash flow (approximation) | €-5k | €-32k | €3k | €9k | €13k | ▲ 35.5% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-2k | €0 | ▲ 100% |
| Change in cash | - | €-11k | €-101 | €0 | €5k | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €12k ▲30.7%
Net result €12k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after 3 loss-making years.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series; recovery starts the following year.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 45 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Schaarbeek · 2 establishment units since 2012
Ground area
1,702 m²
Building footprint
316 m²
Volume, LiDAR
3,037 m³
2 parcels, Brussels, Flanders · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
18
companies at this address
See who is registered here
2 establishment units
Co-carré
since 20122.206.397.830
CO-carré
since 20212.324.433.764
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24099C0173/00B000 | Flanders | 1,037 m² | 1 · 119 m² | 6.9 m · 2 fl. |
| 21015A0088/00E008 ProtectedSite or landscapeHuart Hamoirlaan |
Brussels | 664 m² | 1 · 197 m² | 18.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 14,137 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded16-01-2012
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
Contact
Scores and ratios are computed by Checked and are not a credit decision.