Summary
IMMO CARSTE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €783k and a net result of €164k. Equity is growing by ~42.9% per year across the filed fiscal years. Its solvency ranks better than 37% of 8023 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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 · 3 filingsDeviation from the deadline
2025
20 d late
2024
91 d late
2023
61 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€783k▲ 26.6%
2024 · €619k
2023: €253k
2024: €619k
2023 → 2025
Net result
€164k▼ 55.1%
2024 · €366k
2023: €53k
2024: €366k
2023 → 2025
Total assets
€2.19M▼ 24.2%
2024 · €2.89M
2023: €1.76M
2024: €2.89M
2023 → 2025
Solvency
35.8%▲ 14.3pp
2024 · 21.4%
2023: 14.3%
2024: 21.4%
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€253k-€619k▲ 145%€783k▲ 26.6%
Operating result€71k-€564k▲ 699%€293k▼ 48.0%
Net result€53k-€366k▲ 597%€164k▼ 55.1%
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 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.19M
Fixed assets
€1.86M ▼ 30.6%
Current assets
€327k ▲ 58.6%
Equity and liabilities €2.19M
Equity
€783k ▲ 26.6%
Debt
€1.41M ▼ 38.0%
Debt's share of the balance-sheet total falls from 78.6% to 64.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
21.0%▼
2024 · 59.2%
ROA
7.5%▼
2024 · 12.7%
Debt ≤ 1 year
€1.09M▼
2024 · €1.90M
Debt > 1 year
€272k▼
2024 · €303k
Income taxes
€31k▼
2024 · €77k
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 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.89M€2.19M▼
Fixed assets21/28€2.68M€1.86M▼
Tangible fixed assets22/27€2.68M€1.86M▼
Land and buildings22€2.68M€1.85M▼
Plant, machinery and equipment23-€14k
Current assets29/58€206k€327k▲
Amounts receivable within one year40/41€37k€54k▲
Trade receivables40€37k€54k▲
Cash at bank and in hand54/58€169k€274k▲
Equity and liabilities
Total equity and liabilities10/49€2.89M€2.19M▼
Equity10/15€619k€783k▲
Contributions10/11€200k€200k=
Profit (loss) carried forward14€419k€583k▲
Amounts payable17/49€2.27M€1.41M▼
Amounts payable after more than one year17€303k€272k▼
Financial debts170/4€303k€272k▼
Amounts payable within one year42/48€1.90M€1.09M▼
Current portion of amounts payable after more than one year42€30k€31k▲
Financial debts43€826k-
Other loans439€826k-
Trade debts44€23k€23k▲
Suppliers440/4€23k€23k▲
Advances received on contracts in progress46€8k€8k=
Taxes, remuneration and social security45€201k€171k▼
Taxes450/3€192k€171k▼
Remuneration and social security454/9€9k-
Other amounts payable47/48€812k€858k▲
Accrued charges and deferred income492/3€65k€43k▼
Income statement
Code20242025
Non-recurring operating income76A€505k€180k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€93k€79k▼
Gross operating margin9900€657k€372k▼
Operating profit (loss)9901€564k€293k▼
Financial charges65/66B€120k€98k▼
Recurring financial charges65€120k€98k▼
Profit (loss) for the period before taxes9903€443k€195k▼
Income taxes67/77€77k€31k▼
Profit (loss) for the period9904€366k€164k▼
Profit (loss) for the period to be appropriated9905€366k€164k▼
Appropriation of the result
Profit (loss) to be appropriated9906€419k€583k▲
Profit (loss) brought forward from the previous period14P€53k€419k▲
The notes to these accounts (7 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
2026
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 91 days late
2024
31-12
Financial
Highest result since 2023net €366k ▲597%
Operating result €564k, net result €366k, both a record.
31-12
Financial
Equity above €500kEq €619k ▲145%
2 profitable years in a row build equity to €619k.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Zottegem · 1 establishment unit since 2022
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.
Velzekestraat 259620 ZottegemGround area
870 m²
Building footprint
210 m²
Volume, LiDAR
1,055 m³
Parcel 41069C0193/00F000, Flanders · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
IMMO CARSTE
since 20222.330.413.815
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41069C0193/00F000 | Flanders | 869 m² | 1 · 209 m² | 7.3 m · 2 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.
Similar companies · same sector, comparable size
VIGOR
BE 0550.932.284
De Haan · Eq €783,098
VIHEMI
BE 0730.655.963
Wichelen · Eq €783,144
M Service
BE 0668.487.178
Affligem · Eq €783,219
GMB INVEST
BE 0500.881.175
Sint-Gillis (bij-Brussel) · Eq €783,249
PHM INVEST
BE 0889.786.245
Leuze-en-Hainaut · Eq €782,607
Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 13,189 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-04-2022
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
68201Renting and operating of own or leased residential real estate, excluding social housing
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.