CARLENCO
ActiveCARLENCO 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 €36.30M and a net result of €2.04M. Equity is growing by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 42% of 2378 sector peers (fiscal year 2025). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · A punctual record breaks
This company filed 7 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 8 filingsDeviation from the deadline
2025
13 d late
2024
29 d early
2023
22 d early
2022
41 d early
2021
25 d early
2020
11 d early
2019
18 d early
← before the deadline
after the deadline →
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
11-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema, statutory
Equity
€36.30M▲ 6.0%
2024 · €34.26M
2018: €28.71M
2019: €31.16M
2020: €33.69M
2021: €36.32M
2022: €45.69M
2023: €34.59M
2024: €34.26M
2018 → 2025
Net result
€2.04M
2024 · €-330k
2018: €3.65M
2019: €2.45M
2020: €2.53M
2021: €6.90M
2022: €9.37M
2023: €-11.10M
2024: €-330k
2018 → 2025
Total assets
€69.93M▼ 0.5%
2024 · €70.25M
2018: €49.38M
2019: €49.10M
2020: €52.30M
2021: €57.15M
2022: €67.87M
2023: €65.72M
2024: €70.25M
2018 → 2025
Solvency
51.9%▲ 3.1pp
2024 · 48.8%
2018: 58.1%
2019: 63.5%
2020: 64.4%
2021: 63.5%
2022: 67.3%
2023: 52.6%
2024: 48.8%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.46M-€2.15M▲ 47.1%€3.21M▲ 49.2%€2.87M▼ 10.6%€2.29M▼ 20.1%
Equity€36.32M-€45.69M▲ 25.8%€34.59M▼ 24.3%€34.26M▼ 1.0%€36.30M▲ 6.0%
Operating result€136k-€-249k€-4.14M▼ 1,563%€86k€-1.39M
Net result€6.90M-€9.37M▲ 35.8%€-11.10M€-330k▲ 97.0%€2.04M
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1.39M after €86k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €69.93M
Fixed assets
€60.38M▼ 0.2%
Current assets
€9.54M▼ 2.0%
Equity and liabilities €69.93M
Equity
€36.30M▲ 6.0%
Provisions
€1.89M▲ 545%
Debt
€31.74M▼ 11.1%
The debt ratio falls from 50.8% to 45.4%: equity grows while debt is paid down.
Key figures and ratios
Solvency
51.9%▲
2024 · 48.8%
ROE
5.6%▲
2024 · -1.0%
ROA
2.9%▲
2024 · -0.5%
Debt
€31.74M▼
2024 · €35.70M
Debt ≤ 1 year
€15.80M▼
2024 · €28.86M
Debt > 1 year
€15.90M▲
2024 · €6.84M
Income taxes
€1k▼
2024 · €2k
Staff costs
€611k▼
2024 · €747k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€70.25M€69.93M▼
Fixed assets21/28€60.51M€60.38M▼
Intangible fixed assets21€4k€3k▼
Tangible fixed assets22/27€1k€210▼
Furniture and vehicles24€1k€210▼
Financial fixed assets28€60.51M€60.38M▼
Affiliated companies280/1€60.51M€60.38M▼
Participating interests280€60.51M€60.38M▼
Current assets29/58€9.74M€9.54M▼
Amounts receivable after more than one year29€2.03M€2.18M▲
Other amounts receivable291€2.03M€2.18M▲
Stocks and contracts in progress3€0€0=
Amounts receivable within one year40/41€6.27M€5.90M▼
Trade receivables40€464k€83k▼
Other amounts receivable41€5.81M€5.82M▲
Current investments50/53€1.22M€1.22M=
Own shares50€1.22M€1.22M=
Cash at bank and in hand54/58€199k€123k▼
Deferred charges and accrued income490/1€15k€115k▲
Equity and liabilities
Total equity and liabilities10/49€70.25M€69.93M▼
Equity10/15€34.26M€36.30M▲
Contributions10/11€13.73M€13.73M=
Capital10€13.73M€13.73M=
Issued capital100€13.73M€13.73M=
Reserves13€2.62M€2.62M=
Non-distributable reserves130/1€2.62M€2.62M=
Legal reserve130€1.37M€1.37M=
Own shares acquired1312€1.22M€1.22M=
Other1319€26k€26k=
Profit (loss) carried forward14€17.91M€19.95M▲
Provisions and deferred taxes16€294k€1.89M▲
Provisions for liabilities and charges160/5€294k€1.89M▲
Other liabilities and charges164/5€294k€1.89M▲
Amounts payable17/49€35.70M€31.74M▼
Amounts payable after more than one year17€6.84M€15.90M▲
Financial debts170/4€6.84M€15.90M▲
Credit institutions173€724k€9.78M▲
Other loans174€6.12M€6.12M=
Amounts payable within one year42/48€28.86M€15.80M▼
Current portion of amounts payable after more than one year42€2.74M€193k▼
Financial debts43€12.00M€0▼
Credit institutions430/8€12.00M€0▼
Trade debts44€299k€315k▲
Suppliers440/4€299k€315k▲
Taxes, remuneration and social security45€168k€116k▼
Taxes450/3€64k€40k▼
Remuneration and social security454/9€104k€75k▼
Other amounts payable47/48€13.65M€15.18M▲
Accrued charges and deferred income492/3€2k€34k▲
Income statement
Code20242025
Operating income70/76A€2.92M€2.47M▼
Turnover70€2.87M€2.29M▼
Other operating income74€48k€178k▲
Operating charges60/66A€2.83M€3.86M▲
Services and other goods61€1.90M€1.65M▼
Remuneration, social security and pensions62€747k€611k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€624k€-44k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-663k€1.60M▲
Other operating charges640/8€1k€45k▲
Non-recurring operating charges66A€222k€0▼
Operating profit (loss)9901€86k€-1.39M▼
Financial income75/76B€800k€4.67M▲
Recurring financial income75€800k€3.80M▲
Income from financial fixed assets750€518k€3.45M▲
Income from current assets751€282k€353k▲
Non-recurring financial income76B-€870k
Financial charges65/66B€1.21M€1.24M▲
Recurring financial charges65€1.21M€1.24M▲
Debt charges650€1.21M€1.23M▲
Other financial charges652/9€2k€5k▲
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€-329k€2.04M▲
Income taxes67/77€2k€1k▼
Taxes670/3€2k€1k▼
Profit (loss) for the period9904€-330k€2.04M▲
Profit (loss) for the period to be appropriated9905€-330k€2.04M▲
Appropriation of the result
Profit (loss) to be appropriated9906€17.91M€19.95M▲
Profit (loss) brought forward from the previous period14P€18.24M€17.91M▼
Social balance
Average headcount (FTE)90876.55.4▼
The notes to these accounts (77 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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 13 days late
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · consolidated · 13 days late
2025
31-12
Financial
Back to profitnet €2.04M
Net result €2.04M after 2 loss-making years.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-11.10M ▼218%
Net result drops to €-11.10M, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €9.37M ▲35.8%
Net result €9.37M, the highest in the series.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
13-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2021
Caroline VAN MARCKE
CurrentDirector · since 18-05-2021
Osiris Trust Limited
Not recently confirmedZaakvoerder opvolger · since 18-08-2015
VMKG
Not recently confirmedManager · since 18-08-2015
18-05-2021
Caroline VAN MARCKE: Appointed as Director
07-02-2020
Mevrouw Caroline Van Marcke: Appointed as Vaste vertegenwoordiger
07-02-2020
Mevrouw Carl Van Marcke, geboren Magdalena De Roeck: Resigned as Vaste vertegenwoordiger
18-08-2015
Osiris Trust Limited: Appointed as Zaakvoerder opvolger
18-08-2015
VMKG: Appointed as Manager
18-08-2015
Stuart Peter BLACKBURN: Appointed as Vertegenwoordiger van osiris trust limited
07-10-2005
BVBA VMPR: Appointed as Vaste vertegenwoordiger
Location & real-estate footprint
Registered office, Anderlecht · 2 establishment units since 2002
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.
Paapsemlaan 28-301070 AnderlechtGround area
14.3 ha
Building footprint
6.8 ha
Volume, LiDAR
94,602 m³
2 parcels, Brussels, Flanders · tallest building 25.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Paapsemlaan 28-30, 1070 Anderlecht
since 20022.101.732.553
CARLENCO
since 20182.276.819.731
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34001A0684/00D000 | Flanders | 12.1 ha | 1 · 5.9 ha | - |
| 21306C0027/00B000 | Brussels | 2.2 ha | 1 · 9,602 m² | 25.0 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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
2 auditors| Elke DE VRIENDTCurrent Statutory auditor | 17-07-2020 → present |
Show 1 earlier auditors
| Ludo FOQUE Statutory auditor succeeded by Elke DE VRIENDT in 2020 | 26-07-2017 → 17-07-2020 |
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Of 24,639 companies in sector 64210 we hold annual accounts for 19,694. 3,181 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-10-2001
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
65231
66110Activities auxiliary to financial services and insurance activities
67110
74151
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 10-09-2026. Scores and ratios are computed by Checked and are not a credit decision.