Concar
ActiveSummary
Concar has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€1.8m) and a net result of -€1.5m. The figures fluctuate too strongly year-on-year for a reliable trend projection. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-22
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.08 in 2023; short-term debt: 27.8% and cash: 0% of total assets), and equity is negative.
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Signals
Five 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 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% 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 2024Solvency, return and age of the figures
Solvency
-26.2%
Return on assets
-21.8%
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-06-2026, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
42 d early
2024
13 d early
2023
5 d early
2022
77 d late
2021
52 d late
2020
61 d late
2019
153 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
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. Usually files around 27 July (4 of the last 5 filed years within 56 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2024, abbreviated schema
Equity
-€1.8m▼ 668%
2023 · -€230,184
Total assets
€6.7m▼ 0.9%
2023 · €6.8m
Net result
-€1.5m▼ 32.2%
2023 · -€1.1m
Working capital
-€1.8m▲ 44.5%
2023 · -€3.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1.0m▼ 2.9%-€724,156▲ 30.5%-€562,626▲ 22.3%-€808,840▼ 43.8%-€1.0m▼ 25.3%
Net result-€1.2mbelow the sector's middle half▼ 12.9%-€981,701below the sector's middle half▲ 19.3%-€876,752below the sector's middle half▲ 10.7%-€1.1mbelow the sector's middle half▼ 26.7%-€1.5mbelow the sector's middle half▼ 32.2%
Equity-€2.8mbelow the sector's middle half▼ 82.5%€1.7mabove the sector's middle half€947,755above the sector's middle half▼ 44.8%-€230,184below the sector's middle half-€1.8mbelow the sector's middle half▼ 668%
Total assets€1.2mwithin the sector's middle half▲ 39.3%€6.6mabove the sector's middle half▲ 442%€7.0mabove the sector's middle half▲ 5.7%€6.8mabove the sector's middle half▼ 2.7%€6.7mabove the sector's middle half▼ 0.9%
Debt€4.0m▲ 66.9%€4.9m▲ 21.2%€6.0m▲ 23.4%€7.0m▲ 16.4%€8.5m▲ 21.0%
Working capital-€247,103below the sector's middle half▼ 170%-€1.9mbelow the sector's middle half▼ 665%-€2.1mbelow the sector's middle half▼ 10.0%-€3.2mbelow the sector's middle half▼ 53.4%-€1.8mbelow the sector's middle half▲ 44.5%
Solvency-231.0%below the sector's middle half▼ 54.7pp25.9%within the sector's middle half▲ 256.9pp13.5%below the sector's middle half▼ 12.4pp-3.4%below the sector's middle half▼ 16.9pp-26.2%below the sector's middle half▼ 22.8pp
Current ratio0.65below the sector's middle half▼ 0.150.08below the sector's middle half▼ 0.570.19below the sector's middle half▲ 0.100.08below the sector's middle half▼ 0.110.06below the sector's middle half▼ 0.02
Return on assets (ROA)-99.6%below the sector's middle half▲ 23.2pp-14.8%below the sector's middle half▲ 84.8pp-12.5%below the sector's middle half▲ 2.3pp-16.3%below the sector's middle half▼ 3.8pp-21.8%below the sector's middle half▼ 5.5pp
Staff (FTE)5.6within the sector's middle half▲ 64.7%6.3within the sector's middle half▲ 12.5%3.9within the sector's middle half▼ 38.1%3.8within the sector's middle half▼ 2.6%4.7within the sector's middle half▲ 23.7%
above
within
below
the middle half (P25 to P75) of NACE 62, Computer programming, consultancy and related activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1.0m in 2024 against €808,840 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €6.7m
Fixed assets
€6.6m ▲ 1.5%
Current assets
€107,276 ▼ 59.6%
Key figures and ratios
EBITDA
-€592,979▼
2023 · -€390,820
Cash flow
-€1.0m▼
2023 · -€693,250
Debt to equity
-4.82▲
2023 · -30.58
Interest coverage
-1.15▼
2023 · -1.04
Debt ≤ 1 year
€1.9m▼
2023 · €3.5m
Debt > 1 year
€6.6m▲
2023 · €3.6m
Staff costs
€515,257▲
2023 · €410,904
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €515,100 | €360,965 | €410,904 | €515,257 | ▲ 25.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €278,555 | €321,426 | €354,902 | €418,019 | €420,214 | ▲ 0.5% |
| Other operating charges640/8 | - | €21,042 | €44,712 | €34,472 | €27,439 | ▼ 20.4% |
| Gross operating margin9900 | -€281,774 | €133,413 | €197,953 | €54,556 | -€50,283 | ▼ 192% |
| Operating profit (loss)9901 | -€1.0m | -€724,156 | -€562,626 | -€808,840 | -€1.0m | ▼ 25.3% |
| Financial income75/76B | - | €70,521 | €59,772 | €72,102 | €61,613 | ▼ 14.5% |
| Recurring financial income75 | €59,051 | €70,521 | €59,772 | €72,102 | €61,613 | ▼ 14.5% |
| Financial charges65/66B | - | €322,308 | €373,920 | €374,532 | €517,645 | ▲ 38.2% |
| Recurring financial charges65 | €233,810 | €322,308 | €373,920 | €374,532 | €517,645 | ▲ 38.2% |
| Profit (loss) for the period before taxes9903 | -€1.2m | -€975,943 | -€876,774 | -€1.1m | -€1.5m | ▼ 32.2% |
| Income taxes67/77 | €142 | €5,758 | -€22 | €0 | - | - |
| Profit (loss) for the period9904 | -€1.2m | -€981,701 | -€876,752 | -€1.1m | -€1.5m | ▼ 32.2% |
| Profit (loss) for the period to be appropriated9905 | -€1.2m | -€981,701 | -€876,752 | -€1.1m | -€1.5m | ▼ 32.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €6.6m | €7.0m | €6.8m | €6.7m | ▼ 0.9% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €760,185 | €6.4m | €6.5m | €6.5m | €6.6m | ▲ 1.5% |
| Intangible fixed assets21 | €721,814 | €803,691 | €825,636 | €849,400 | €949,696 | ▲ 11.8% |
| Tangible fixed assets22/27 | €21,880 | €18,630 | €15,284 | €11,887 | €8,988 | ▼ 24.4% |
| Plant, machinery and equipment23 | - | €16,903 | €12,270 | €7,638 | €3,005 | ▼ 60.7% |
| Furniture and vehicles24 | - | €1,727 | €3,014 | €4,250 | €5,984 | ▲ 40.8% |
| Financial fixed assets28 | €16,492 | €5.6m | €5.7m | €5.7m | €5.7m | = |
| Current assets29/58 | €461,243 | €175,394 | €473,096 | €265,542 | €107,276 | ▼ 59.6% |
| Amounts receivable within one year40/41 | €413,985 | €153,546 | €468,561 | €108,607 | €106,156 | ▼ 2.3% |
| Trade receivables40 | - | €100,936 | €238,852 | €20,537 | €24,457 | ▲ 19.1% |
| Other amounts receivable41 | - | €52,610 | €229,709 | €88,071 | €81,699 | ▼ 7.2% |
| Cash at bank and in hand54/58 | €40,625 | €18,436 | €107 | €153,290 | €79 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | - | €3,412 | €4,428 | €3,645 | €1,041 | ▼ 71.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €6.6m | €7.0m | €6.8m | €6.7m | ▼ 0.9% |
| Equity10/15 | -€2.8m | €1.7m | €947,755 | -€230,184 | -€1.8m | ▼ 668% |
| Contributions10/11 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Capital10 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Issued capital100 | - | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Revaluation surpluses12 | - | €5.6m | €5.6m | €5.6m | €5.6m | = |
| Profit (loss) carried forward14 | -€4.3m | -€5.3m | -€6.2m | -€7.3m | -€8.7m | ▼ 20.2% |
| Investment grants15 | - | €128,511 | €236,124 | €169,454 | €100,493 | ▼ 40.7% |
| Amounts payable17/49 | €4.0m | €4.9m | €6.0m | €7.0m | €8.5m | ▲ 21.0% |
| Amounts payable after more than one year17 | €3.3m | €2.8m | €3.5m | €3.6m | €6.6m | ▲ 85.4% |
| Financial debts170/4 | - | €2.8m | €3.5m | €3.6m | €3.3m | ▼ 8.9% |
| Other amounts payable178/9 | - | €0 | - | - | €3.4m | - |
| Amounts payable within one year42/48 | €708,346 | €2.1m | €2.6m | €3.5m | €1.9m | ▼ 45.7% |
| Current portion of amounts payable after more than one year42 | - | - | €15,968 | €41,245 | €17,298 | ▼ 58.1% |
| Financial debts43 | - | €0 | €11,843 | €0 | €2,234 | - |
| Credit institutions430/8 | - | €0 | €11,843 | €0 | €2,234 | - |
| Trade debts44 | €345,724 | €130,860 | €563,357 | €388,229 | €507,556 | ▲ 30.7% |
| Suppliers440/4 | - | €130,860 | €563,357 | €388,229 | €507,556 | ▲ 30.7% |
| Taxes, remuneration and social security45 | - | €90,681 | €74,396 | €179,318 | €326,851 | ▲ 82.3% |
| Taxes450/3 | - | €11,616 | €14,884 | €56,612 | €125,121 | ▲ 121% |
| Remuneration and social security454/9 | - | €79,065 | €59,512 | €122,706 | €201,731 | ▲ 64.4% |
| Other amounts payable47/48 | - | €1.8m | €1.9m | €2.8m | €1.0m | ▼ 64.1% |
| Accrued charges and deferred income492/3 | - | - | €315 | €939 | €2,972 | ▲ 216% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1.2m | -€981,701 | -€876,752 | -€1.1m | -€1.5m | ▼ 32.2% |
| + Depreciation and write-downs630 | €278,555 | €321,426 | €354,902 | €418,019 | €420,214 | ▲ 0.5% |
| Operating cash flow (approximation) | -€938,115 | -€660,274 | -€521,850 | -€693,250 | -€1.0m | ▼ 51.3% |
| Investment in fixed assets (approximation) | - | -€6.0m | -€434,701 | -€438,386 | -€517,611 | ▼ 18.1% |
| Change in cash | - | -€22,189 | -€18,329 | €153,183 | -€153,211 | ▼ 200% |
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
19-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€1.5m
Net result drops to -€1.5m, the lowest in the series.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 77 days late
2022
21-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 52 days late
2021
31-12
Financial
Equity above €1mEq €1.7m
Equity rises from -€2.8m to €1.7m.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 153 days late
2019
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 113 days late
2018
23-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 84 days late
2017
02-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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
16 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, Gent · 1 establishment unit since 2014
Ground area
126 m²
Building footprint
85 m²
Volume, LiDAR
963 m³
Parcel 44808H0099/00L002, Flanders · tallest building 13.6 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Concar
since 20142.233.007.009
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0099/00L002 | Flanders | 126 m² | 1 · 85 m² | 13.6 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- MAVICO INVESTMENTS
- Concar
Highest known parent: MAVICO INVESTMENTS. The sources do not say who stands above it.
Owners 1
- MAVICO INVESTMENTSparent75.83%
Holdings 1
-
100%
According to the 2024 annual accounts of Concar and those of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 6 entries · 182,335 EUR awarded · 182,335 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | -9,411 EUR | 25,335 EUR |
| 2024 | 1 | 0 EUR | 12,500 EUR |
| 2023 | 1 | 0 EUR | 132,000 EUR |
| 2022 | 2 | 191,746 EUR | 12,500 EUR |
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Of 16,915 companies in sector 62100 we hold annual accounts for 8,786. 4,206 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0554702616
Also
9925:BE0554702616
Registered
14-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.