CARAT
ActiveSummary
CARAT has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €-2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 19% of 3480 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
67
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▲+64
Solvency33▼-11
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit advice for your own amount and term
Signals
Six 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 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
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 · 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
8.3%
Return on assets
-3.6%
Age of the figures
12 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-2k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 3480 sector peers (2025).
NBB · sector comparisonPosition among 3480 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 15-05-2026, 15 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
15 d late
2024
on the day
2023
54 d early
2022
3 d early
2021
17 d early
2020
35 d early
2019
1 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 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€4k▼ 68.5%
2024 · €14k
2018: €4k
2019: €-3k
2020: €-655
2021: €32k
2022: €36k
2023: €40k
2024: €14k
2018 → 2025
Total assets
€54k▼ 26.6%
2024 · €74k
2018: €40k
2019: €33k
2020: €28k
2021: €65k
2022: €69k
2023: €116k
2024: €74k
2018 → 2025
Net result
€-2k▲ 92.4%
2024 · €-25k
2018: €-4k
2019: €-7k
2020: €3k
2021: €33k
2022: €4k
2023: €3k
2024: €-25k
2018 → 2025
Working capital
€-7k▼ 4,548%
2024 · €-155
2018: €-7k
2019: €-12k
2020: €-9k
2021: €21k
2022: €28k
2023: €21k
2024: €-155
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€32k-€36k▲ 12.7%€40k▲ 9.2%€14k▼ 64.1%€4k▼ 68.5%
Operating result€51k-€9k▼ 82.6%€9k▲ 1.7%€-23k€-244▲ 99.0%
Net result€33k-€4k▼ 87.6%€3k▼ 18.5%€-25k€-2k▲ 92.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €244 in 2025 against €23k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €54k
Fixed assets
€28k ▼ 30.5%
Current assets
€26k ▼ 22.0%
Equity and liabilities €54k
Equity
€4k ▼ 68.5%
Debt
€50k ▼ 16.5%
Debt's share of the balance-sheet total rises from 80.7% to 91.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€12k▲
2024 · €-10k
Cash flow
€10k▲
2024 · €-12k
Current ratio
0.79▼
2024 · 1.00
Debt to equity
11.04▲
2024 · 4.17
ROE
-42.9%▲
2024 · -178.3%
ROA
-3.6%▲
2024 · -34.5%
Interest coverage
7.15▲
2024 · -4.74
Debt ≤ 1 year
€34k▼
2024 · €34k
Debt > 1 year
€16k▼
2024 · €25k
Income taxes
€154▼
2024 · €198
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€74k€54k▼
Fixed assets21/28€40k€28k▼
Tangible fixed assets22/27€40k€28k▼
Furniture and vehicles24€40k€28k▼
Current assets29/58€34k€26k▼
Amounts receivable within one year40/41€15k€4k▼
Trade receivables40€11k€4k▼
Other amounts receivable41€4k€0▼
Cash at bank and in hand54/58€19k€23k▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€74k€54k▼
Equity10/15€14k€4k▼
Contributions10/11€20k€20k=
Reserves13€20k€12k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€20k€12k▼
Profit (loss) carried forward14€-25k€-27k▼
Amounts payable17/49€59k€50k▼
Amounts payable after more than one year17€25k€16k▼
Financial debts170/4€25k€16k▼
Amounts payable within one year42/48€34k€34k▼
Current portion of amounts payable after more than one year42€9k€9k▲
Trade debts44€3k€1k▼
Suppliers440/4€3k€1k▼
Taxes, remuneration and social security45€0€1k▲
Taxes450/3€0€1k▲
Other amounts payable47/48€22k€22k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Other operating charges640/8€715€639▼
Gross operating margin9900€-9k€13k▲
Operating profit (loss)9901€-23k€-244▲
Financial income75/76B€163€133▼
Recurring financial income75€163€133▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-25k€-2k▲
Income taxes67/77€198€154▼
Profit (loss) for the period9904€-25k€-2k▲
Profit (loss) for the period to be appropriated9905€-25k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-25k€-27k▼
Profit (loss) brought forward from the previous period14P-€-25k
Transfer from equity791/2-€8k
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7-€8k
Return on contributions (dividend)694-€8k
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
15-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 15 days late
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-25k ▼864%
Net result drops to €-25k, the lowest in the series; recovery starts the following year.
07-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
13-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €33k ▲1172%
Operating result €51k, net result €33k, both a record.
30-09
Financial
Liquidity doublescurrent ratio 1.64
Current ratio from 0.67 to 1.64.
26-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
14-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
17-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Kruisem · 1 establishment unit since 2000
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.
Nieuwstraat(KRU) 289770 KruisemGround area
2,502 m²
Building footprint
174 m²
Volume, LiDAR
68 m³
Parcel 45017B0173/00Y000, Flanders · tallest building 3.7 m. Linked by address, not a title deed.
1 establishment unit
Nieuwstraat(KRU) 28, 9770 Kruisem
since 20002.115.846.746
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45017B0173/00Y000 | Flanders | 2,502 m² | 1 · 174 m² | 3.7 m |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
THE 5 SENSES
BE 0869.519.084
Tervuren · Eq €4,415
KATAKLOP
BE 0466.179.624
Heist-op-den-Berg · Eq €4,584
CASCLUB
BE 0842.874.471
Oostende · Eq €4,365
JB TRANSLATIONS
BE 0480.291.738
Ukkel · Eq €4,322
EDVA
BE 0788.654.540
Ronse · Eq €4,777
Of 4,529 companies in sector 74301 we hold annual accounts for 719. 281 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
Founded01-08-2000
Fiscal year end30-09
Activities, NACEBEL 2025
74301Translation services
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.