CARMA
Open bankruptcySummary
A bankruptcy procedure is open for CARMA according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €219k and a net result of €-39k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 23-10-2024, 84 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
84 d late
2022
133 d late
2021
81 d late
2020
226 d late
2019
223 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, micro schema
Equity
€219k▼ 15.2%
2022 · €258k
2018: €253k
2019: €249k▼ -1.3% vs 2018
2020: €242k▼ -3.1% vs 2019
2021: €250k▲ +3.3% vs 2020
2022: €258k▲ +3.3% vs 2021highest in 6 years
2023: €219k▼ -15.2% vs 2022lowest in 6 years
2018 → 2023
Total assets
€634k▲ 10.2%
2022 · €575k
2018: €866khighest in 6 years
2019: €606k▼ -30.0% vs 2018
2020: €628k▲ +3.6% vs 2019
2021: €673k▲ +7.2% vs 2020
2022: €575k▼ -14.5% vs 2021lowest in 6 years
2023: €634k▲ +10.2% vs 2022
2018 → 2023
Net result
€-39k
2022 · €8k
2018: €15khighest in 6 years
2019: €-3k▼ -122% vs 2018
2020: €-8k▼ -129% vs 2019
2021: €8k▲ +204% vs 2020
2022: €8k▲ +4.2% vs 2021
2023: €-39k▼ -572% vs 2022lowest in 6 years
2018 → 2023
Working capital
€232k▼ 13.7%
2022 · €269k
2018: €270k
2019: €276k▲ +2.3% vs 2018
2020: €259k▼ -6.3% vs 2019
2021: €290k▲ +12.1% vs 2020highest in 6 years
2022: €269k▼ -7.5% vs 2021
2023: €232k▼ -13.7% vs 2022lowest in 6 years
2018 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€249k-€242k▼ 3.1%€250k▲ 3.3%€258k▲ 3.3%€219k▼ 15.2%
2019: €249k
2020: €242k▼ -3.1% vs 2019
2021: €250k▲ +3.3% vs 2020
2022: €258k▲ +3.3% vs 2021highest in 5 years
2023: €219k▼ -15.2% vs 2022lowest in 5 years
Operating result€883-€-4k€17k€34k▲ 108%€-35k
2019: €883
2020: €-4k▼ -556% vs 2019
2021: €17k▲ +510% vs 2020
2022: €34k▲ +108% vs 2021highest in 5 years
2023: €-35k▼ -203% vs 2022lowest in 5 years
Net result€-3k-€-8k▼ 129%€8k€8k▲ 4.2%€-39k
2019: €-3k
2020: €-8k▼ -129% vs 2019
2021: €8k▲ +204% vs 2020
2022: €8k▲ +4.2% vs 2021highest in 5 years
2023: €-39k▼ -572% vs 2022lowest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €35k after €34k in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €634k
Fixed assets
€101k ▼ 2.3%
Current assets
€533k ▲ 12.9%
Equity and liabilities €634k
Equity
€219k ▼ 15.2%
Debt
€415k ▲ 30.8%
Debt's share of the balance-sheet total rises from 55.2% to 65.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-30k▼
2022 · €47k
Cash flow
€-34k▼
2022 · €21k
Current ratio
1.77▼
2022 · 2.32
Quick ratio
1.59▼
2022 · 2.16
Debt to equity
1.90▲
2022 · 1.23
ROE
-17.9%▼
2022 · 3.2%
ROA
-6.2%▼
2022 · 1.4%
Interest coverage
-3.45▼
2022 · 4.06
Debt ≤ 1 year
€301k▲
2022 · €203k
Debt > 1 year
€114k=
2022 · €114k
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 · 2023 against 2022 · 50 lines
Balance sheet
Code20222023
Assets
Total assets20/58€575k€634k▲
Fixed assets21/28€104k€101k▼
Tangible fixed assets22/27€104k€101k▼
Land and buildings22€90k€90k=
Plant, machinery and equipment23€4k€2k▼
Furniture and vehicles24€9k€9k▲
Current assets29/58€472k€533k▲
Amounts receivable after more than one year29€304k€333k▲
Other amounts receivable291€304k€333k▲
Stocks and contracts in progress3€33k€54k▲
Stocks30/36€33k€54k▲
Amounts receivable within one year40/41€99k€99k▲
Trade receivables40€94k€67k▼
Other amounts receivable41€5k€32k▲
Cash at bank and in hand54/58-€9k
Deferred charges and accrued income490/1€36k€37k▲
Equity and liabilities
Total equity and liabilities10/49€575k€634k▲
Equity10/15€258k€219k▼
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€250k€211k▼
Amounts payable17/49€317k€415k▲
Amounts payable after more than one year17€114k€114k=
Financial debts170/4€114k€114k=
Amounts payable within one year42/48€203k€301k▲
Current portion of amounts payable after more than one year42€7k€6k▼
Financial debts43€167k€175k▲
Credit institutions430/8€167k€175k▲
Trade debts44-€80k
Suppliers440/4-€80k
Taxes, remuneration and social security45€533€533=
Taxes450/3€533€533=
Other amounts payable47/48€29k€40k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€5k▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€50k€-27k▼
Operating profit (loss)9901€34k€-35k▼
Financial income75/76B€1k€5k▲
Recurring financial income75€1k€5k▲
Financial charges65/66B€12k€9k▼
Recurring financial charges65€12k€9k▼
Non-recurring financial charges66B€553-
Profit (loss) for the period before taxes9903€23k€-39k▼
Income taxes67/77€15k-
Profit (loss) for the period9904€8k€-39k▼
Profit (loss) for the period to be appropriated9905€8k€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€250k€211k▼
Profit (loss) brought forward from the previous period14P€242k€250k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22k | €17k | €18k | €13k | €5k | ▼ 61.1% |
| Other operating charges640/8 | - | - | €5k | €2k | €3k | ▲ 37.8% |
| Gross operating margin9900 | €24k | €16k | €39k | €50k | €-27k | ▼ 154% |
| Operating profit (loss)9901 | €883 | €-4k | €17k | €34k | €-35k | ▼ 203% |
| Financial income75/76B | - | - | €573 | €1k | €5k | ▲ 340% |
| Recurring financial income75 | €9k | €3k | €573 | €1k | €5k | ▲ 340% |
| Financial charges65/66B | - | - | €9k | €12k | €9k | ▼ 27.5% |
| Recurring financial charges65 | €8k | €7k | €8k | €12k | €9k | ▼ 24.0% |
| Non-recurring financial charges66B | - | - | €1k | €553 | - | - |
| Profit (loss) for the period before taxes9903 | €2k | €-8k | €8k | €23k | €-39k | ▼ 268% |
| Income taxes67/77 | €5k | - | - | €15k | - | - |
| Profit (loss) for the period9904 | €-3k | €-8k | €8k | €8k | €-39k | ▼ 572% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-8k | €8k | €8k | €-39k | ▼ 572% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €606k | €628k | €673k | €575k | €634k | ▲ 10.2% |
| Fixed assets21/28 | €130k | €126k | €116k | €104k | €101k | ▼ 2.3% |
| Tangible fixed assets22/27 | €130k | €126k | €116k | €104k | €101k | ▼ 2.3% |
| Land and buildings22 | - | - | €98k | €90k | €90k | = |
| Plant, machinery and equipment23 | - | - | €6k | €4k | €2k | ▼ 57.2% |
| Furniture and vehicles24 | - | - | €11k | €9k | €9k | ▲ 1.7% |
| Current assets29/58 | €477k | €502k | €557k | €472k | €533k | ▲ 12.9% |
| Amounts receivable after more than one year29 | - | - | €302k | €304k | €333k | ▲ 9.8% |
| Other amounts receivable291 | - | - | €302k | €304k | €333k | ▲ 9.8% |
| Stocks and contracts in progress3 | €2k | €2k | €2k | €33k | €54k | ▲ 65.1% |
| Stocks30/36 | - | - | €2k | €33k | €54k | ▲ 65.1% |
| Amounts receivable within one year40/41 | €172k | €182k | €254k | €99k | €99k | ▲ 0.5% |
| Trade receivables40 | - | - | €138k | €94k | €67k | ▼ 28.4% |
| Other amounts receivable41 | - | - | €116k | €5k | €32k | ▲ 568% |
| Cash at bank and in hand54/58 | €953 | - | - | - | €9k | - |
| Deferred charges and accrued income490/1 | - | - | - | €36k | €37k | ▲ 2.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €606k | €628k | €673k | €575k | €634k | ▲ 10.2% |
| Equity10/15 | €249k | €242k | €250k | €258k | €219k | ▼ 15.2% |
| Contributions10/11 | €6k | - | €6k | €6k | €6k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | - | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €241k | €234k | €242k | €250k | €211k | ▼ 15.7% |
| Amounts payable17/49 | €357k | €386k | €423k | €317k | €415k | ▲ 30.8% |
| Amounts payable after more than one year17 | €156k | €144k | €156k | €114k | €114k | = |
| Financial debts170/4 | - | - | €156k | €114k | €114k | = |
| Amounts payable within one year42/48 | €201k | €243k | €267k | €203k | €301k | ▲ 48.1% |
| Current portion of amounts payable after more than one year42 | - | - | €130k | €7k | €6k | ▼ 6.9% |
| Financial debts43 | - | - | - | €167k | €175k | ▲ 5.0% |
| Credit institutions430/8 | - | - | €0 | €167k | €175k | ▲ 5.0% |
| Trade debts44 | €21k | €18k | €22k | - | €80k | - |
| Suppliers440/4 | - | - | €22k | - | €80k | - |
| Taxes, remuneration and social security45 | - | - | €99k | €533 | €533 | = |
| Taxes450/3 | - | - | €87k | €533 | €533 | = |
| Remuneration and social security454/9 | - | - | €12k | - | - | - |
| Other amounts payable47/48 | - | - | €16k | €29k | €40k | ▲ 34.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-8k | €8k | €8k | €-39k | ▼ 572% |
| + Depreciation and write-downs630 | €22k | €17k | €18k | €13k | €5k | ▼ 61.1% |
| Operating cash flow (approximation) | €18k | €9k | €26k | €21k | €-34k | ▼ 263% |
| Investment in fixed assets (approximation) | - | €-13k | €-8k | €-541 | €-3k | ▼ 371% |
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
2025
02-07
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 26-06-2025
2024
23-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 84 days late
2023
31-12
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series.
11-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 133 days late
2022
20-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 81 days late
14-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 226 days late
2021
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
11-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 223 days late
2019
25-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 117 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
12-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 73 days late
27-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 180 days late
2015
07-10
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 68 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Dilsen-Stokkem · 1 establishment unit since 2007
Ground area
3,377 m²
Building footprint
159 m²
Volume, LiDAR
822 m³
Parcel 72005C0251/00Y000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CARMA
since 20072.164.637.944
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72005C0251/00Y000 | Flanders | 3,377 m² | 1 · 159 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | TOM ARTS JAARBEURSLAAN 19/31, 3600 GENK- |
26-06-2025 → present |
| Curator | GEERT RENIERS JAARBEURSLAAN 19/31,
3600 GENK |
26-06-2025 → present |
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Of 9,693 companies in sector 68121 we hold annual accounts for 7,385. 5,308 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68310Real estate agency activities
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.