CARP & GAARD

Active

Private limited companyfounded 201412 yrs activeAvenue des Aulnes 20, 1310 La Hulpe, BelgiumKBO/BCE: BE 0546.711.004

CARP & GAARD has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €30k. Equity is shrinking by ~27.6% per year across the filed fiscal years. Its solvency ranks better than 22% of 31697 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

68 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency44▼-8

Growth58=

Track record100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity tight (current ratio 1.19 against 1.33 in 2024; short-term debt: 56.1% and cash: 0.3% of total assets), and 81.5% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 31697 sector peers (2025).

NBB · sector comparison

Position among 31697 sector peers

Solvency

better than 22%

← weakest strongest →

Filed after the deadline

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-02-2026, 26 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 filings

Deviation from the deadline

2025

26 d late

2024

25 d late

2023

19 d late

2022

27 d late

2021

15 d late

2020

26 d late

2019

5 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close23-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€21k▲ 0.4%

2024 · €21k

2019: €109k 2020: €104k 2021: €52k 2022: €62k 2023: €19k 2024: €21k

2019 → 2025

Total assets

€112k▲ 46.9%

2024 · €76k

2019: €199k 2020: €140k 2021: €82k 2022: €102k 2023: €53k 2024: €76k

2019 → 2025

Net result

€30k▼ 0.6%

2024 · €30k

2019: €23k 2020: €-5k 2021: €-5k 2022: €21k 2023: €-1k 2024: €30k

2019 → 2025

Working capital

€12k▼ 36.8%

2024 · €18k

2019: €111k 2020: €110k 2021: €55k 2022: €65k 2023: €21k 2024: €18k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€52k-€62k▲ 20.0%€19k▼ 69.0%€21k▲ 6.5%€21k▲ 0.4%

Operating result€-10k-€25k€3k▼ 89.1%€42k▲ 1,431%€42k▲ 1.2%

Net result€-5k-€21k€-1k€30k€30k▼ 0.6%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €112k

33.5%

66.5%

Fixed assets €38k▲ 1,568%

Current assets €74k▲ 0.6%

Equity and liabilities €112k

18.5%

81.5%

Equity €21k▲ 0.4%

Debt €91k▲ 64.2%

The debt ratio rises from 72.9% to 81.5%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€50k▲

2024 · €43k

Cash flow

€37k▲

2024 · €31k

Solvency

18.5%▼

2024 · 27.1%

Current ratio

1.19▼

2024 · 1.33

Quick ratio

1.19▼

2024 · 1.33

Debt / equity

4.40▲

2024 · 2.69

ROE

145.3%▼

2024 · 146.8%

ROA

26.9%▼

2024 · 39.7%

Interest coverage

15.53▲

2024 · 14.71

Debt

€91k▲

2024 · €56k

Debt ≤ 1 year

€63k▲

2024 · €56k

Debt > 1 year

€28k

Income taxes

€10k▲

2024 · €9k

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€76k€112k▲

Fixed assets21/28€2k€38k▲

Tangible fixed assets22/27€2k€38k▲

Plant, machinery and equipment23€887€444▼

Furniture and vehicles24-€36k

Other tangible fixed assets26€1k€601▼

Current assets29/58€74k€74k▲

Amounts receivable within one year40/41€48k€48k▼

Trade receivables40€27k€37k▲

Other amounts receivable41€22k€10k▼

Current investments50/53-€20k

Cash at bank and in hand54/58€20k€352▼

Deferred charges and accrued income490/1€5k€6k▲

Equity and liabilities

Total equity and liabilities10/49€76k€112k▲

Equity10/15€21k€21k▲

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Profit (loss) carried forward14€157€247▲

Amounts payable17/49€56k€91k▲

Amounts payable after more than one year17-€28k

Financial debts170/4-€28k

Amounts payable within one year42/48€56k€63k▲

Current portion of amounts payable after more than one year42-€8k

Trade debts44€5k€2k▼

Suppliers440/4€5k€2k▼

Taxes, remuneration and social security45€22k€23k▲

Taxes450/3€22k€23k▲

Other amounts payable47/48€29k€30k▲

Accrued charges and deferred income492/3€10-

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€7k▲

Other operating charges640/8€410€387▼

Gross operating margin9900€44k€50k▲

Operating profit (loss)9901€42k€42k▲

Financial income75/76B€470€996▲

Recurring financial income75€470€996▲

Financial charges65/66B€3k€3k▲

Recurring financial charges65€3k€3k▲

Profit (loss) for the period before taxes9903€39k€40k▲

Income taxes67/77€9k€10k▲

Profit (loss) for the period9904€30k€30k▼

Profit (loss) for the period to be appropriated9905€30k€30k▼

Appropriation of the result

Profit (loss) to be appropriated9906€29k€30k▲

Profit (loss) brought forward from the previous period14P€-1k€157▲

Profit to be distributed694/7€29k€30k▲

Return on contributions (dividend)694€29k€30k▲

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

26-02

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 26 days late

2025

25-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 25 days late

2024

30-06

Financial Back to profitnet €30k

Net result €30k after one loss-making year.

19-02

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 19 days late

2023

27-02

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 27 days late

2022

30-06

Financial Back to profitnet €21k

Net result €21k after 2 loss-making years.

15-02

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 15 days late

2021

30-06

Financial Weakest financial yearnet €-5k

Net result drops to €-5k, the lowest in the series; recovery starts the following year.

26-02

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 26 days late

2020

05-02

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 5 days late

2019

28-02

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 28 days late

2018

15-01

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

02-02

NBB filing Annual accounts filed

fiscal year 2016 · full schema · 2 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2019

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

12-12-2019 COMA CARPINELL Miguel: Resigned as Manager

12-12-2019 NIELSEN Stine: Resigned as Manager

Location & real-estate footprint

Registered office, La Hulpe · 1 establishment unit since 2014

establishment The establishment unit on the map

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.

Avenue des Aulnes 201310 La Hulpe

Ground area

5,245 m²

Building footprint

551 m²