CAREYE · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of CAREYE is 1.0% (low). The 2025 annual accounts show negative equity (€-650k) and a net result of €1.17M. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 51 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.0% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

2 signals · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 51 sector peers (2025).

View the sector comparison

Consistently profitable

Positive net result in the two most recent financial years (2024 and 2025).

View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-03-2026, 147 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

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.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	06-03-2026	147 d early	2026-00049696
31-12-2024	31-07-2025	29-08-2025	29 d late	2025-00470320
31-12-2023	31-07-2024	29-08-2025	394 d late	2025-00470847
31-12-2022	31-07-2023	21-08-2023	21 d late	2023-00370278
31-12-2021	31-07-2022	20-07-2022	11 d early	2022-20238655

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No administrative flags

Financials

Turnover€30.95M+3.6%

EBIT margin4.8%+2.6pp

Net result€1.17M+294.4%

Working capital€68k

CSV export

Annual accounts & ratios

Source: NBB · 2025

Annual accounts filed on 06-03-2026 with the NBB · fiscal year 2025 · volledig

RevenueOperating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

volatile Too volatile to project: the yearly deviation from the trend is ~69% of the level (threshold 35%). We therefore deliberately show no projection line.

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).

Sector comparison

Fiscal year 2025 · NACE 23 · compared across all schema types (micro, abbreviated and full combined)

Metric	This company	Sector median	Position in the sector
Solvency	-7.1%	44.3%	better than 10% of 51 sector peers
Net result	€1.17M	€24k	better than 95% of 51 sector peers
Equity	€-650k	€71k	better than 5% of 51 sector peers
Total assets	€9.19M	€361k	better than 95% of 51 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P10

Weakening position over 2021-2025 · n=51-191

Net result P95

Improving position over 2021-2025 · n=51-191

Equity P5

Weakening position over 2021-2025 · n=51-191

Staff costs P93

Weakening position over 2021-2024 · n=59-99

Describes the position versus peers, not a forecast.

Revenue

€30.95M

+3.6% 21-25

EBITDA

€2.24M

+50.9% 21-25

Net profit

€1.17M

+294.4% 21-25

Cash flow

€1.93M

+68.6% 21-25

Total assets

€9.19M

+1.7% 21-25

Equity

€-650k

+64.3% 21-25

Working capital

€68k

- 21-25

Employees (FTE)

29

-12.5% 21-25

Staff costs

€2.09M

-13.1% 21-25

Income taxes

€49k

+289.3% 21-25

Debt

€9.84M

-9.4% 21-25

Debt ≤ 1y

€7.07M

-24.7% 21-25

Debt > 1y

€2.55M

+79.5% 21-25

Current ratio

1.01

+44.8% 21-25

Quick ratio

0.82

+41.3% 21-25

Solvency

-7.1%

+64.9% 21-25

Debt / equity

-15.14

-153.8% 21-25

ROE

-180.1%

-1004.8% 21-25

ROA

12.7%

+287.9% 21-25

Net margin

3.8%

+280.7% 21-25

EBITDA margin

7.2%

+45.7% 21-25

Interest coverage

12.91

+115.5% 21-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	volledig
Revenue	€30.95M
EBITDA	€2.24M
Net profit	€1.17M
Cash flow	€1.93M
Staff costs	€2.09M
Income taxes	€49k
Dividends	-
Total assets	€9.19M
Equity	€-650k
Debt	€9.84M
of which ≤ 1y	€7.07M
of which > 1y	€2.55M
Working capital	€68k
Employees (FTE)	29.3

Ratios (computed)

	2025
Current ratio	1.01
Quick ratio	0.82
Working capital ratio	0.7%
Solvency	-7.1%
Debt / equity	-15.14
Long-term debt ratio	-3.92
Interest coverage	12.91
Gross margin	26.4%
Net margin	3.8%
ROA	12.7%
ROE	-180.1%
EBITDA margin	7.2%
Days sales outstanding	46d
Days payable outstanding	63d
Inventory turnover	17.31
Days inventory (DSI)	21d

Balance-sheet composition 2025

Assets

Fixed assets €2.05M · 22.3% Current assets €7.14M · 77.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€9.19M
Fixed assets	21/28	€2.05M
Intangible fixed assets	21	€89k
Tangible fixed assets	22/27	€1.86M
Financial fixed assets	28	€101k
Current assets	29/58	€7.14M
Stocks & contracts in progress	3	€1.32M
Amounts receivable within one year	40/41	€4.23M
Cash & bank	54/58	€240k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€9.19M
Equity	10/15	€-650k
Contributions / capital	10/11	€13k
Reserves	13	€27k
Accumulated profits (losses)	14	€-691k
Amounts payable	17/49	€9.84M
Amounts payable after one year	17	€2.55M
Amounts payable within one year	42/48	€7.07M
Trade debts payable within one year	44	€3.91M
Income statement
Turnover	70	€30.95M
Operating result	9901	€1.48M
Financial income	75	€52k
Financial charges	65	€308k
Result before taxes	9903	€1.22M
Income taxes	67/77	€49k
Net result for the period	9904	€1.17M
Result to be appropriated	9905	€1.17M

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2025 · computed

38 / 100 Weak

050100

Computed from 6 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location

BETONWERKEN CAREYE

Dehemlaan 16A, 8900 IeperVervaardiging van stortklare beton

since 20202.311.796.842

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area5,396 m²

Buildings1

Building footprint214 m²

Volume (LiDAR)1,592 m³

Tallest building8.0 m · ±2 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
33306B0369/00K000	Flanders	5,396 m²	1 · 214 m²	8.0 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source and are complete.

Analysis

Snowflake analysis

financial profile on 5 axes

51 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 38

Profitability 27

Solvency 45

Growth 53

Stability 94

Ask AI about this company

Checked AI

Soon: ask questions about this dossier, risks, curator, sector comparison, answered from the official data on this page.

TryWhat are the main risks?Any recent red flags?Compare to sector peers

Coming soon

AI due-diligence brief

Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon

The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

Similar

Similar companies

Same sector, ranked by comparable size

ELOY BETON

BE 0897.797.059 · Sprimont

21.6 FTE→

Eurobeton

BE 0400.859.923 · Zandhoven

41.9 FTE→

DE RYCKE GEBROEDERS

BE 0416.668.547 · Beveren-Kruibeke-Zwijndrecht

45.5 FTE→

BETON NELLES RECYCLAGE

BE 0458.654.701 · Malmedy

4.7 FTE→

STUDIO BETON

BE 0785.973.182 · Heist-op-den-Berg

3.4 FTE→

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Vervaardiging van stortklare beton23630Vervaardiging van stortklare beton23630Chapewerken43422Chapewerken43996Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390

Primary activity highlighted.

Names & trade names

Legal nameNL	CAREYE
Trade nameNL	BETONWERKEN CAREYE

Registered office

Dehemlaan 16A

8900 Ieper, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.