Carcasse
The computed 12-month bankruptcy probability of Carcasse is 1.8% (moderate). The 2025 annual accounts show equity of €658k and a net result of €212k. Equity is growing by ~43.1% per year across the filed fiscal years. Its solvency ranks better than 49% of 3462 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €658k |
| Net result | €212k |
| Staff (FTE) | 15.6 |
| Better than sector | 49% |
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 29.0% | 29.8% | |
| Net result | €212k | €11k | |
| Equity | €658k | €90k | |
| Gross operating margin | €1.60M | €260k | |
| Staff costs | €1.10M | €250k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - |
| EBITDA | €502k | €66k | €361k | €147k |
| Net profit | €212k | €-22k | €300k | €107k |
| Cash flow | €413k | €89k | €319k | €122k |
| Staff costs | €1.10M | €639k | €365k | €258k |
| Income taxes | €16k | €6k | €11k | €18k |
| Dividends | - | - | - | - |
| Total assets | €2.27M | €2.26M | €752k | €334k |
| Equity | €658k | €646k | €243k | €131k |
| Debt | €1.59M | €1.59M | €479k | €203k |
| of which ≤ 1y | €807k | €909k | €421k | €190k |
| of which > 1y | €647k | €677k | €5k | €13k |
| Working capital | €161k | €-97k | €12k | €39k |
| Employees (FTE) | 15.6 | 7.7 | 5.6 | 4.6 |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.20 | 0.89 | 1.03 | 1.21 |
| Quick ratio | 1.03 | 0.78 | 0.94 | 1.04 |
| Working capital ratio | 7.1% | -4.3% | 1.6% | 11.7% |
| Solvency | 29.0% | 28.6% | 32.4% | 39.2% |
| Debt / equity | 2.42 | 2.46 | 1.97 | 1.55 |
| Long-term debt ratio | 0.98 | 1.05 | 0.02 | 0.10 |
| Interest coverage | 5.56 | 3.75 | 36.22 | 16.57 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 9.3% | -1.0% | 39.9% | 32.0% |
| ROE | 32.2% | -3.4% | 123.2% | 81.5% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (27 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €2.27M | €2.26M | €752k | €334k |
| Fixed assets | 21/28 | €1.30M | €1.44M | €318k | €105k |
| Intangible fixed assets | 21 | €118k | €143k | €59k | €19k |
| Tangible fixed assets | 22/27 | €1.16M | €1.28M | €242k | €86k |
| Financial fixed assets | 28 | €23k | €23k | €17k | €654 |
| Current assets | 29/58 | €968k | €812k | €433k | €229k |
| Stocks & contracts in progress | 3 | €135k | €99k | €39k | €31k |
| Amounts receivable within one year | 40/41 | €68k | €133k | €52k | €98k |
| Cash & bank | 54/58 | €462k | €270k | €37k | €96k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.27M | €2.26M | €752k | €334k |
| Equity | 10/15 | €658k | €646k | €243k | €131k |
| Contributions / capital | 10/11 | €444k | €444k | €19k | €19k |
| Reserves | 13 | €215k | €203k | €225k | €112k |
| Accumulated profits (losses) | 14 | €0 | €0 | €0 | €0 |
| Provisions & deferred taxes | 16 | €19k | €21k | €30k | - |
| Amounts payable | 17/49 | €1.59M | €1.59M | €479k | €203k |
| Amounts payable after one year | 17 | €647k | €677k | €5k | €13k |
| Amounts payable within one year | 42/48 | €807k | €909k | €421k | €190k |
| Trade debts payable within one year | 44 | €224k | €372k | €180k | €25k |
| Income statement | |||||
| Gross operating margin | 9900 | €1.60M | €710k | €776k | €430k |
| Operating result | 9901 | €301k | €-45k | €342k | €132k |
| Financial income | 75 | €16k | €37k | €8k | €1k |
| Financial charges | 65 | €90k | €18k | €10k | €9k |
| Result before taxes | 9903 | €226k | €-25k | €340k | €124k |
| Income taxes | 67/77 | €16k | €6k | €11k | €18k |
| Net result for the period | 9904 | €212k | €-22k | €300k | €107k |
| Result to be appropriated | 9905 | €219k | €4k | €210k | €107k |
Former directors (1)
-
Timon Michiels CateringPrivate limited companyDirector· perm. rep.: Timon MichielsState Gazette act 26107973 (26-08-2026)Former- → 30-06-2026
| NACE primary | Full-service restaurants(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 31-10-2014 |
| Status | Active |
| Postal code | 8670 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332F7590/00D000 | Flanders | 2,953 m² | 1 · 1,598 m² | 9.3 m |
| 38343A0158/00F000 | Flanders | 863 m² | 1 · 695 m² | 24.5 m · 7 fl. |
26-08
State Gazette act
General meeting · Director resignationGeneral meeting · Director resignation · Permanent representative6 facts ▸
- General meeting, 2026-06-30
- Director resignation, Timon Michiels Catering BV (bestuurder)
- Permanent representative, Timon Michiels
- Board composition, bestuurder, 2026-06-30
- Board composition, bestuurder, 2026-06-30
- Power of attorney, Moore Finance & Tax BV
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
26-08-2026 Act object · General meeting · Officer resignation · Permanent representative
- Act object: KENNISNAME ONTSLAG BESTUURDER - VOLMACHT ADMINISTRATIEVE FORMALITEITEN · CARCASSE
- Publication: 2026-08-26 · CARCASSE
- Filing: 2026-08-18 · CARCASSE
- General meeting: 2026-06-30 · CARCASSE
- Officer resignation: role: bestuurder, end_date: 2026-06-30 · Timon Michiels Catering BV
- Permanent representative · Timon Michiels
- Board composition: role: bestuurder, as_of: 2026-06-30 · DIERENDONCK HOLDING NV
- Board composition: role: bestuurder, as_of: 2026-06-30 · Evelyne Penel
- Power of attorney: formaliteiten inzake inschrijvingen, wijzigingen en schrappingen bij KBO, administratieve verplichtingen, neerlegging publicaties, registratie btw, verklaring notulen, inschrijvingen effectenregister en UBO-register · Moore Finance & Tax BV
Technical details
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}12-03-2024 Capital increase of €425,000
- Inbreng in geld · Apport en numéraire
Technical details
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}29-03-2022 4 directors appointed, 1 reappointed
- DIERENDONCK HOLDING, Niet-statutair bestuurder
- Hendrik Dierendonck, Vaste vertegenwoordiger
- Elien Bossant
- Vandelanotte Accountancy
- Evelyne Penel, Bestuurder
Technical details
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"role": "vaste_vertegenwoordiger",
"person": {
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"name": "Hendrik Dierendonck",
"address": "8670 Koksijde, Meridiaanstraat 8",
"birth_date": null,
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},
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"via_org": {
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"name": "DIERENDONCK HOLDING",
"address": "Albert I laan 70, 8630 Veurne",
"country": "BE",
"legal_form": "Naamloze vennootschap"
},
"statutory": null,
"compensated": null,
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"evidence_quote": "Overeenkomstig artikel 2:55 van het Wetboek van vennootschappen en verenigingen verklaart de naamloze vennootschap \u201CDIERENDONCK HOLDING\u201D, vertegenwoordigd als voormeld, dat de heer Hendrik Dierendonck, gedomicilieerd te 8670 Koksijde, Meridiaanstraat 8, de vaste vertegenwoordiger zal zijn van de ven",
"decharge_status": null,
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},
{
"kind": "delegation_dagelijks_bestuur_in",
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"person": {
"rrn": null,
"name": "Elien Bossant",
"address": "8630 Veurne, Bloemenlaan 2",
"birth_date": null,
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"birth_place": null
},
"reason": null,
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "De vergadering geeft bij deze volmacht aan mevrouw Elien Bossant, gedomicilieerd te 8630 Veurne, Bloemenlaan 2, teneinde: 1) van het bestuur van de Post, van alle spoorwegmaatschappij en andere maatschappijen, brieven, pakken, kosten en alle welkdanige goederen ook, al dan niet aangetekend of verzek",
"decharge_status": null,
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},
{
"kind": "delegation_dagelijks_bestuur_in",
"role": null,
"person": null,
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"via_org": {
"kbo": "0876.286.023",
"name": "Vandelanotte Accountancy",
"address": "President Kennedypark 1A, 8500 Kortrijk",
"country": "BE",
"legal_form": "Co\u00F6peratieve vennootschap met beperkte aansprakelijkheid"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "De vergadering geeft bij deze volmacht aan de co\u00F6peratieve vennootschap \u201CVandelanotte Accountancy\u201D, met zetel te 8500 Kortrijk, President Kennedypark 1A, ingeschreven in het Rechtspersonenregister Gent (Kortrijk) onder het nummer BTW BE 0876.286.023 evenals aan haar bedienden, aangestelden en lasthe",
"decharge_status": null,
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"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
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}
],
"notary": {
"name": "Arne De Geeter",
"firm_city": null,
"firm_name": null,
"office_city": "Koksijde",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-03-29",
"filing_date": "2022-03-25",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2022-02-18",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0566.981.628",
"name_full": "CARCASSE",
"legal_form": "Co\u00F6peratieve vennootschap met beperkte aansprakelijkheid"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Arne De Geeter",
"org_rep_person_name": null,
"person_role_at_subject": "Geassocieerd notaris"
},
"co_filed_documents": [
"afschrift proces-verbaal",
"geco\u00F6rdineerde statuten"
],
"corrected_publication_numac": null
}| Legal nameNL | Carcasse |