CARLENCO
CARLENCO and the 23 companies it controls according to the LEI register and the annual accounts: the structure, the figures, each company's health and where the risk sits.
Sum of the filed annual accounts of 24 of the 24 Belgian companies (fiscal years 2024-2025). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.
CARLENCO also files consolidated accounts (fiscal year 2025): the real group figures, with intra-group positions eliminated. Checked does not read their figures yet; the document is at the National Bank's Central Balance Sheet Office.
Group risk
How healthy the group's Belgian companies are, and where the risk sits. A weak subsidiary can cost the parent money, and the other way round.
- The parent itself: CARLENCO, no verdict.
- 6 companies with negative equity: Van Marcke Installs & Service (-€4.3m), VM Weggevoerdenlaan ComCo (-€2.8m), NORM (-€1.7m), MODULAB (-€1.2m), NEWMO HAREN (-€955,176), IMMOBILI & #200;RE HERMANT (-€11,651).
- 13 companies with a loss in the latest year: VAN MARCKE (-€22.4m), VAN MARCKE TRADING GROUP (-€4.8m), Van Marcke Installs & Service (-€1.4m), VAN MARCKE EXCELLENT DISTRIBUTION TO CUSTOMERS (-€521,147), MODULAB (-€131,893), INTERNATIONAL SANITARY WARE - MANUFACTURING CY. (-€114,414) and 7 more.
- 1 company no longer active in the register: IMMOBILI & #200;RE HERMANT.
- 25.7% of the added-up total assets sits in one company: VAN MARCKE.
- 27.3% of the added-up total assets sits at companies with an elevated or high risk.
Group structure
Who consolidates whom according to the LEI register, completed with who holds more than half of the shares according to the annual accounts. Both mean control.
- CARLENCO9 subsidiariesNo verdict€69.9m €36.3m 2025
- Fair · 59€3.2m €78,538 2025
- Fair · 56€8.6m €25,152 2025
- Fair · 51€6.2m €1.7m 2025
- Elevated · 29€357,746 -€1.2m 2025
- Fair · 50€62,000 €52,756 2025
- TER DOENAERT1 subsidiaryHealthy · 84€2.8m €1.6m 2025
- Elevated · 27€275,013 -€955,176 2024
- VAN MARCKE TRADING GROUP5 subsidiariesFair · 55€138.6m €35.0m 2025
- Fair · 50€467,853 €71,400 2025
- VAN MARCKE2 subsidiariesHigh risk · 21€176.8m €6.5m 2025
- Elevated · 33€1.6m -€1.7m 2025
- Healthy · 64- - 2025
- Fair · 53€29.2m €1.1m 2025
- Van Marcke Immo5 subsidiariesHealthy · 82€26.5m €25.8m 2025
- Healthy · 70€151.9m €47.8m 2025
- Elevated€5.7m -€11,651 2025
- Healthy · 76€13.2m €6.7m 2025
- Healthy · 81€7.6m €7.5m 2025
- Healthy · 84€15.8m €14.0m 2025
- Van Marcke Installs & Service1 subsidiaryElevated · 28€1.3m -€4.3m 2025
- No verdict€147,847 €147,698 2024
- Fair · 45€25.9m €216,163 2025
- Elevated · 32€1.6m -€2.8m 2025
High risk Elevated Healthy Fair No verdict Amounts: total assets and equity from the latest accounts.
Events in the group
Bankruptcies, director changes, capital changes and other publications of all Belgian group companies, over the last two years.
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Capital increase of €450,000 to €550,000
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Dissolution of the company
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Change of permanent representative
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1 director appointed, 1 director resigning
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1 director appointed, 1 director resigning
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1 director appointed, 1 director resigning
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1 director appointed, 1 director resigning
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1 director appointed, 1 director resigning
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1 director appointed, 1 director resigning
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1 director appointed, 1 director resigning
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Registered office moved from Ninove to Aalbeke
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Company renamed to Van Marcke Installs & Service
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Where do these figures come from?
Completed with the annual accounts: a company of which another Belgian company holds more than half of the shares, by the list of holdings or the shareholder structure in its accounts, stands under that company, with the share. The register of ultimate beneficial owners (UBO) is not public.
The group's make-up comes from the LEI register (GLEIF): which company consolidates which other, directly or ultimately. A company whose link the register does not state is not listed here, even if it does belong to the group.
The amounts are those of the annual accounts each Belgian company filed with the National Bank, added up without consolidation. The verdict per company is that of its dossier on Checked.be. Everything is updated every night.
Updated on 27-09-2026