Summary
CAROLOREGIENNE DE PARTICIPATIONS 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 €1.44B and a net result of €43.48M. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 67% of 2399 sector peers (fiscal year 2025). The company has been active since 1990 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 check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 d early
2024
47 d early
2023
41 d early
2022
24 d early
2021
41 d early
2020
60 d early
2019
35 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, full schema
Equity
€1.44B▼ 4.7%
2024 · €1.51B
2018: €1.02Blowest in 8 years
2019: €1.13B▲ +10.2% vs 2018
2020: €1.81B▲ +60.8% vs 2019highest in 8 years
2021: €1.66B▼ -8.3% vs 2020
2022: €1.66B▼ -0.3% vs 2021
2023: €1.56B▼ -5.8% vs 2022
2024: €1.51B▼ -3.3% vs 2023
2025: €1.44B▼ -4.7% vs 2024
2018 → 2025
Net result
€43.48M▲ 1,842%
2024 · €2.24M
2018: €74.95M
2019: €104.57M▲ +39.5% vs 2018highest in 8 years
2020: €-21.75M▼ -121% vs 2019lowest in 8 years
2021: €22.24M▲ +202% vs 2020
2022: €-5.29M▼ -124% vs 2021
2023: €5.95M▲ +212% vs 2022
2024: €2.24M▼ -62.4% vs 2023
2025: €43.48M▲ +1842% vs 2024
2018 → 2025
Total assets
€1.82B▲ 11.8%
2024 · €1.63B
2018: €1.02Blowest in 8 years
2019: €1.13B▲ +10.8% vs 2018
2020: €1.81B▲ +60.0% vs 2019
2021: €1.80B▼ -0.9% vs 2020
2022: €1.78B▼ -0.9% vs 2021
2023: €1.64B▼ -7.8% vs 2022
2024: €1.63B▼ -0.9% vs 2023
2025: €1.82B▲ +11.8% vs 2024highest in 8 years
2018 → 2025
Solvency
79.1%▼ 13.7pp
2024 · 92.8%
2018: 100.0%highest in 8 years
2019: 99.5%▼ -0.5% vs 2018
2020: 100.0%▲ +0.5% vs 2019
2021: 92.5%▼ -7.5% vs 2020
2022: 93.0%▲ +0.6% vs 2021
2023: 95.1%▲ +2.2% vs 2022
2024: 92.8%▼ -2.4% vs 2023
2025: 79.1%▼ -14.7% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€240k
Equity€1.66B-€1.66B▼ 0.3%€1.56B▼ 5.8%€1.51B▼ 3.3%€1.44B▼ 4.7%
2021: €1.66Bhighest in 5 years
2022: €1.66B▼ -0.3% vs 2021
2023: €1.56B▼ -5.8% vs 2022
2024: €1.51B▼ -3.3% vs 2023
2025: €1.44B▼ -4.7% vs 2024lowest in 5 years
Operating result€-2.09M-€-3.11M▼ 48.7%€-4.58M▼ 47.2%€-865k▲ 81.1%€-3.49M▼ 304%
2021: €-2.09M
2022: €-3.11M▼ -48.7% vs 2021
2023: €-4.58M▼ -47.2% vs 2022lowest in 5 years
2024: €-865k▲ +81.1% vs 2023highest in 5 years
2025: €-3.49M▼ -304% vs 2024
Net result€22.24M-€-5.29M€5.95M€2.24M▼ 62.4%€43.48M▲ 1,842%
2021: €22.24M
2022: €-5.29M▼ -124% vs 2021lowest in 5 years
2023: €5.95M▲ +212% vs 2022
2024: €2.24M▼ -62.4% vs 2023
2025: €43.48M▲ +1842% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3.49M in 2025 against €865k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.82B
Fixed assets
€1.53B ▲ 1.5%
Current assets
€287.84M ▲ 144%
Equity and liabilities €1.82B
Equity
€1.44B ▼ 4.7%
Provisions
€1.91M ▲ 2.6%
Debt
€378.27M ▲ 227%
Debt's share of the balance-sheet total rises from 7.1% to 20.8%. Equity is lower and debt is higher.
Key figures and ratios
ROE
3.0%▲
2024 · 0.1%
ROA
2.4%▲
2024 · 0.1%
Debt ≤ 1 year
€376.47M▲
2024 · €444k
Debt > 1 year
€0▼
2024 · €112.85M
Income taxes
€25k▼
2024 · €122k
Staff costs
€2.71M▲
2024 · €502k
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 · 76 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.63B€1.82B▲
Fixed assets21/28€1.51B€1.53B▲
Tangible fixed assets22/27€771€0▼
Furniture and vehicles24€771€0▼
Financial fixed assets28€1.51B€1.53B▲
Affiliated companies280/1€1.51B€1.53B▲
Participating interests280€1.51B€1.53B▲
Other financial fixed assets284/8€405€405=
Amounts receivable and cash guarantees285/8€405€405=
Current assets29/58€118.03M€287.84M▲
Amounts receivable within one year40/41€107.81M€218.11M▲
Trade receivables40€0-
Other amounts receivable41€107.81M€218.11M▲
Current investments50/53€1.90M€17.06M▲
Other investments51/53€1.90M€17.06M▲
Cash at bank and in hand54/58€5.69M€51.82M▲
Deferred charges and accrued income490/1€2.64M€848k▼
Equity and liabilities
Total equity and liabilities10/49€1.63B€1.82B▲
Equity10/15€1.51B€1.44B▼
Contributions10/11€1.46B€1.40B▼
Capital10€182.19M€182.19M=
Issued capital100€182.19M€182.19M=
Outside capital11€1.28B€1.22B▼
Share premium1100/10€1.28B€1.22B▼
Reserves13€13.55M€15.73M▲
Non-distributable reserves130/1€13.53M€15.70M▲
Legal reserve130€13.53M€15.70M▲
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€37.26M€20.31M▼
Provisions and deferred taxes16€1.86M€1.91M▲
Provisions for liabilities and charges160/5€1.86M€1.91M▲
Other liabilities and charges164/5€1.86M€1.91M▲
Amounts payable17/49€115.83M€378.27M▲
Amounts payable after more than one year17€112.85M€0▼
Other amounts payable178/9€112.85M€0▼
Amounts payable within one year42/48€444k€376.47M▲
Financial debts43-€317.64M
Credit institutions430/8-€41.98M
Other loans439-€275.66M
Trade debts44€174k€364k▲
Suppliers440/4€174k€364k▲
Taxes, remuneration and social security45€196k€205k▲
Taxes450/3€35k€39k▲
Remuneration and social security454/9€161k€166k▲
Other amounts payable47/48€74k€58.26M▲
Accrued charges and deferred income492/3€2.53M€1.80M▼
Income statement
Code20242025
Operating charges60/66A€865k€3.49M▲
Services and other goods61€344k€772k▲
Remuneration, social security and pensions62€502k€2.71M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€771▼
Other operating charges640/8€9k€9k▼
Operating profit (loss)9901€-865k€-3.49M▼
Financial income75/76B€5.31M€49.90M▲
Recurring financial income75€5.31M€49.90M▲
Income from financial fixed assets750-€44.50M
Income from current assets751€4.67M€5.40M▲
Other financial income752/9€639k€12▼
Financial charges65/66B€2.08M€2.90M▲
Recurring financial charges65€560k€2.14M▲
Debt charges650€175k€2.15M▲
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-370k€-712k▼
Other financial charges652/9€754k€703k▼
Non-recurring financial charges66B€1.52M€755k▼
Profit (loss) for the period before taxes9903€2.36M€43.50M▲
Income taxes67/77€122k€25k▼
Taxes670/3€122k€25k▼
Profit (loss) for the period9904€2.24M€43.48M▲
Profit (loss) for the period to be appropriated9905€2.24M€43.48M▲
Appropriation of the result
Profit (loss) to be appropriated9906€37.42M€80.74M▲
Profit (loss) brought forward from the previous period14P€35.18M€37.26M▲
Transfer to equity691/2€112k€2.17M▲
To the legal reserve6920€112k€2.17M▲
Profit to be distributed694/7€44k€58.26M▲
Return on contributions (dividend)694-€58.21M
Employees696€44k€51k▲
Social balance
Average headcount (FTE)90870.90.6▼
The notes to these accounts (47 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €249k | - | - | - |
| Turnover70 | - | - | €240k | - | - | - |
| Other operating income74 | - | - | €9k | - | - | - |
| Operating charges60/66A | €2.09M | €3.11M | €4.83M | €865k | €3.49M | ▲ 304% |
| Services and other goods61 | €202k | €305k | €838k | €344k | €772k | ▲ 124% |
| Remuneration, social security and pensions62 | €1.58M | €2.42M | €3.98M | €502k | €2.71M | ▲ 440% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8k | €9k | €9k | €9k | €771 | ▼ 91.7% |
| Other operating charges640/8 | €306k | €373k | €3k | €9k | €9k | ▼ 5.2% |
| Operating profit (loss)9901 | €-2.09M | €-3.11M | €-4.58M | €-865k | €-3.49M | ▼ 304% |
| Financial income75/76B | €25.84M | €7.01M | €9.92M | €5.31M | €49.90M | ▲ 840% |
| Recurring financial income75 | €3.71M | €6.85M | €9.92M | €5.31M | €49.90M | ▲ 840% |
| Income from financial fixed assets750 | - | €90k | - | - | €44.50M | - |
| Income from current assets751 | €2.92M | €6.55M | €8.43M | €4.67M | €5.40M | ▲ 15.5% |
| Other financial income752/9 | €783k | €207k | €1.49M | €639k | €12 | ▼ 100.0% |
| Non-recurring financial income76B | €22.13M | €163k | - | - | - | - |
| Financial charges65/66B | €1.45M | €9.17M | €-991k | €2.08M | €2.90M | ▲ 39.2% |
| Recurring financial charges65 | €1.45M | €9.17M | €-1.06M | €560k | €2.14M | ▲ 283% |
| Debt charges650 | €272k | €841k | €485k | €175k | €2.15M | ▲ 1,128% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | €993k | €6.50M | €-6.24M | €-370k | €-712k | ▼ 92.6% |
| Other financial charges652/9 | €189k | €1.82M | €4.69M | €754k | €703k | ▼ 6.8% |
| Non-recurring financial charges66B | - | - | €73k | €1.52M | €755k | ▼ 50.4% |
| Profit (loss) for the period before taxes9903 | €22.29M | €-5.27M | €6.33M | €2.36M | €43.50M | ▲ 1,742% |
| Income taxes67/77 | €55k | €26k | €380k | €122k | €25k | ▼ 79.2% |
| Taxes670/3 | €55k | €31k | €380k | €122k | €25k | ▼ 79.2% |
| Tax adjustments and reversals of tax provisions77 | - | €5k | €0 | - | - | - |
| Profit (loss) for the period9904 | €22.24M | €-5.29M | €5.95M | €2.24M | €43.48M | ▲ 1,842% |
| Profit (loss) for the period to be appropriated9905 | €22.24M | €-5.29M | €5.95M | €2.24M | €43.48M | ▲ 1,842% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.80B | €1.78B | €1.64B | €1.63B | €1.82B | ▲ 11.8% |
| Fixed assets21/28 | €878.11M | €890.87M | €1.52B | €1.51B | €1.53B | ▲ 1.5% |
| Tangible fixed assets22/27 | €29k | €19k | €10k | €771 | €0 | ▼ 100% |
| Furniture and vehicles24 | €29k | €19k | €10k | €771 | €0 | ▼ 100% |
| Financial fixed assets28 | €878.08M | €890.85M | €1.52B | €1.51B | €1.53B | ▲ 1.5% |
| Affiliated companies280/1 | €878.08M | €890.85M | €1.52B | €1.51B | €1.53B | ▲ 1.5% |
| Participating interests280 | €878.08M | €890.85M | €1.52B | €1.51B | €1.53B | ▲ 1.5% |
| Other financial fixed assets284/8 | €405 | €405 | €405 | €405 | €405 | = |
| Amounts receivable and cash guarantees285/8 | €405 | €405 | €405 | €405 | €405 | = |
| Current assets29/58 | €920.10M | €891.74M | €124.08M | €118.03M | €287.84M | ▲ 144% |
| Amounts receivable after more than one year29 | €25.13M | - | - | - | - | - |
| Other amounts receivable291 | €25.13M | - | - | - | - | - |
| Amounts receivable within one year40/41 | €715.32M | €653.15M | €83.96M | €107.81M | €218.11M | ▲ 102% |
| Trade receivables40 | - | €735 | €240k | €0 | - | - |
| Other amounts receivable41 | €715.32M | €653.15M | €83.72M | €107.81M | €218.11M | ▲ 102% |
| Current investments50/53 | €160.71M | €229.71M | €31.18M | €1.90M | €17.06M | ▲ 799% |
| Other investments51/53 | €160.71M | €229.71M | €31.18M | €1.90M | €17.06M | ▲ 799% |
| Cash at bank and in hand54/58 | €18.29M | €5.23M | €7.48M | €5.69M | €51.82M | ▲ 811% |
| Deferred charges and accrued income490/1 | €646k | €3.65M | €1.46M | €2.64M | €848k | ▼ 67.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.80B | €1.78B | €1.64B | €1.63B | €1.82B | ▲ 11.8% |
| Equity10/15 | €1.66B | €1.66B | €1.56B | €1.51B | €1.44B | ▼ 4.7% |
| Contributions10/11 | €1.62B | €1.62B | €1.51B | €1.46B | €1.40B | ▼ 3.8% |
| Capital10 | €182.19M | €182.19M | €182.19M | €182.19M | €182.19M | = |
| Issued capital100 | €182.19M | €182.19M | €182.19M | €182.19M | €182.19M | = |
| Outside capital11 | €1.43B | €1.43B | €1.33B | €1.28B | €1.22B | ▼ 4.4% |
| Share premium1100/10 | €1.43B | €1.43B | €1.33B | €1.28B | €1.22B | ▼ 4.4% |
| Reserves13 | €13.14M | €13.14M | €13.44M | €13.55M | €15.73M | ▲ 16.0% |
| Non-distributable reserves130/1 | €13.12M | €13.12M | €13.42M | €13.53M | €15.70M | ▲ 16.1% |
| Legal reserve130 | €13.12M | €13.12M | €13.42M | €13.53M | €15.70M | ▲ 16.1% |
| Distributable reserves133 | €20k | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €34.95M | €29.65M | €35.18M | €37.26M | €20.31M | ▼ 45.5% |
| Provisions and deferred taxes16 | - | €917k | €3.09M | €1.86M | €1.91M | ▲ 2.6% |
| Provisions for liabilities and charges160/5 | - | €917k | €3.09M | €1.86M | €1.91M | ▲ 2.6% |
| Other liabilities and charges164/5 | - | €917k | €3.09M | €1.86M | €1.91M | ▲ 2.6% |
| Amounts payable17/49 | €134.62M | €123.39M | €77.49M | €115.83M | €378.27M | ▲ 227% |
| Amounts payable after more than one year17 | - | €37.55M | €75.17M | €112.85M | €0 | ▼ 100% |
| Other amounts payable178/9 | - | €37.55M | €75.17M | €112.85M | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €132.73M | €82.37M | €735k | €444k | €376.47M | ▲ 84,634% |
| Financial debts43 | €81.58M | €82.01M | €0 | - | €317.64M | - |
| Credit institutions430/8 | - | - | - | - | €41.98M | - |
| Other loans439 | €81.58M | €82.01M | €0 | - | €275.66M | - |
| Trade debts44 | €129k | €200k | €181k | €174k | €364k | ▲ 109% |
| Suppliers440/4 | €129k | €200k | €181k | €174k | €364k | ▲ 109% |
| Taxes, remuneration and social security45 | €207k | €154k | €429k | €196k | €205k | ▲ 4.4% |
| Taxes450/3 | €55k | - | €88k | €35k | €39k | ▲ 11.1% |
| Remuneration and social security454/9 | €151k | €154k | €341k | €161k | €166k | ▲ 2.9% |
| Other amounts payable47/48 | €50.82M | - | €125k | €74k | €58.26M | ▲ 78,361% |
| Accrued charges and deferred income492/3 | €1.89M | €3.47M | €1.58M | €2.53M | €1.80M | ▼ 28.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22.24M | €-5.29M | €5.95M | €2.24M | €43.48M | ▲ 1,842% |
| + Depreciation and write-downs630 | €8k | €9k | €9k | €9k | €771 | ▼ 91.7% |
| Operating cash flow (approximation) | €22.25M | €-5.29M | €5.96M | €2.25M | €43.48M | ▲ 1,834% |
| Investment in fixed assets (approximation) | - | €-12.77M | €-628.11M | €8.81M | €-22.04M | ▼ 350% |
| Change in cash | - | €-13.06M | €2.25M | €-1.79M | €46.13M | ▲ 2,679% |
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
05-08
State Gazette act
Appointment: Deloitte Réviseurs d'Entreprises SRL (statutory auditor)2 facts ▸
State Gazette act
Appointment: Deloitte Réviseurs d'Entreprises SRL (statutory auditor)
2 facts ▸
- General meeting, 29/05/2026
- Auditor appointment, Deloitte Réviseurs d'Entreprises SRL (statutory auditor)
11-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
14-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €5.95M
Net result €5.95M after one loss-making year.
31-12
Financial
Liquidity times 16current ratio 168.91
Current ratio from 10.83 to 168.91; short-term debt falls from €82.37M to €735k.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €22.24M
Net result €22.24M after one loss-making year.
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-21.75M
Net result drops to €-21.75M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 126current ratio 14867.31
Current ratio from 118.33 to 14867.31; short-term debt falls from €5.51M to €63k.
Show earlier events
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Highest result since 2018net €104.57M ▲39.5%
Net result €104.57M, the highest in the series.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
08-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 22 acts read
About the unread acts
Of the 22 Belgian State Gazette acts we know for this company, 1 has been read. The other 21 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Gerpinnes · 1 establishment unit since 1990
Ground area
5.7 ha
Building footprint
1,482 m²
Volume, LiDAR
12,751 m³
2 parcels, Wallonia · tallest building 23.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
CANBEL HOLDINGS SA
since 19902.049.424.116
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52041B0019/00C000 | Wallonia | 5.5 ha | 1 · 1,116 m² | 13.6 m · 4 fl. |
| 52011B0240/00S092 | Wallonia | 2,368 m² | 1 · 366 m² | 23.5 m |
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.
Statutory auditor
1 auditor| SRL DELOITTE Réviseurs d'EntreprisesCurrent Statutory auditor | 05-08-2026 → present |
Structure & network
Ownership & control
1 parent company · 1 subsidiaryControl over this companyparent company per the LEI register1
Gerpinnes
controls
CAROLOREGIENNE DE PARTICIPATIONSBE 0441.649.215
controls
Where this company holds controlsubsidiary per the LEI register1
Gerpinnes
Recognitions · licences · registrations
Legal Entity Identifier
96760089GQ5SD2ZNOD68
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 311 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
Founded10-08-1990
Fiscal year end31-12
Abbreviation FR
CARPAR
Activities, NACEBEL 2025
64210Activities of holding companies
Scores and ratios are computed by Checked and are not a credit decision.