CARVELEC
ActiveCARVELEC has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €193k and a net result of €45k. Equity is growing by ~30.4% per year across the filed fiscal years. Its solvency ranks better than 57% of 31540 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▲+10
Solvency89▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 2.63 against 1.94 in 2024; short-term debt: 35.6% and cash: 33.5% of total assets), and 36.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · 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 →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.5%
Return on assets
14.6%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
on the day
2023
39 d early
2022
39 d early
2021
46 d early
2020
38 d early
2019
15 d early
← before the deadline
after the deadline →
neutral · 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 monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€193k▲ 30.0%
2024 · €149k
2019: €16k
2020: €23k
2021: €49k
2022: €101k
2023: €131k
2024: €149k
2019 → 2025
Total assets
€304k▲ 11.5%
2024 · €273k
2019: €91k
2020: €94k
2021: €215k
2022: €284k
2023: €261k
2024: €273k
2019 → 2025
Net result
€45k▲ 156%
2024 · €17k
2019: €9k
2020: €7k
2021: €26k
2022: €52k
2023: €30k
2024: €17k
2019 → 2025
Working capital
€177k▲ 53.3%
2024 · €116k
2019: €13k
2020: €13k
2021: €29k
2022: €72k
2023: €94k
2024: €116k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€49k-€101k▲ 106%€131k▲ 30.0%€149k▲ 13.2%€193k▲ 30.0%
Operating result€36k-€76k▲ 108%€46k▼ 39.3%€30k▼ 35.0%€69k▲ 130%
Net result€26k-€52k▲ 101%€30k▼ 41.9%€17k▼ 42.5%€45k▲ 156%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 130% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €304k
Fixed assets
€19k▼ 45.5%
Current assets
€286k▲ 19.8%
Equity and liabilities €304k
Equity
€193k▲ 30.0%
Debt
€111k▼ 10.5%
The debt ratio falls from 45.5% to 36.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€80k▲
2024 · €44k
Cash flow
€56k▲
2024 · €31k
Solvency
63.5%▲
2024 · 54.5%
Current ratio
2.63▲
2024 · 1.94
Quick ratio
2.52▲
2024 · 1.85
Debt / equity
0.57▼
2024 · 0.83
ROE
23.0%▲
2024 · 11.7%
ROA
14.6%▲
2024 · 6.4%
Interest coverage
19.68▲
2024 · 12.88
Debt
€111k▼
2024 · €124k
Debt ≤ 1 year
€109k▼
2024 · €123k
Income taxes
€20k▲
2024 · €9k
Staff costs
€128k▼
2024 · €257k
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€273k€304k▲
Fixed assets21/28€35k€19k▼
Intangible fixed assets21€956€124▼
Tangible fixed assets22/27€34k€19k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€22k€10k▼
Other tangible fixed assets26€6k€5k▼
Financial fixed assets28€0-
Current assets29/58€239k€286k▲
Stocks and contracts in progress3€10k€12k▲
Stocks30/36€10k€12k▲
Amounts receivable within one year40/41€154k€165k▲
Trade receivables40€127k€152k▲
Other amounts receivable41€26k€12k▼
Cash at bank and in hand54/58€69k€102k▲
Deferred charges and accrued income490/1€5k€7k▲
Equity and liabilities
Total equity and liabilities10/49€273k€304k▲
Equity10/15€149k€193k▲
Contributions10/11€6k€6k=
Reserves13€137k€181k▲
Distributable reserves133€137k€181k▲
Profit (loss) carried forward14€6k€6k=
Amounts payable17/49€124k€111k▼
Amounts payable within one year42/48€123k€109k▼
Current portion of amounts payable after more than one year42€14k€10k▼
Trade debts44€69k€65k▼
Suppliers440/4€69k€65k▼
Taxes, remuneration and social security45€20k€16k▼
Taxes450/3-€6k
Remuneration and social security454/9€20k€10k▼
Other amounts payable47/48€19k€18k▼
Accrued charges and deferred income492/3€1k€3k▲
Income statement
Code20242025
Remuneration, social security and pensions62€257k€128k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€11k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€303k€209k▼
Operating profit (loss)9901€30k€69k▲
Financial income75/76B€70€0▼
Recurring financial income75€70€0▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€27k€65k▲
Income taxes67/77€9k€20k▲
Profit (loss) for the period9904€17k€45k▲
Profit (loss) for the period to be appropriated9905€17k€45k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€50k▲
Profit (loss) brought forward from the previous period14P€6k€6k=
Transfer to equity691/2€17k€45k▲
To other reserves6921€17k€45k▲
The notes to these accounts (14 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
26-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Equity above €150kEq €193k ▲30%
7 profitable years in a row build equity to €193k.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
23-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Highest result since 2019net €52k ▲101%
Operating result €76k, net result €52k, both a record.
30-06
Financial
Equity above €100kEq €101k ▲106%
4 profitable years in a row build equity to €101k.
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
24-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Weakest financial yearnet €7k ▼17.4%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
16-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
11-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
12-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 acts for this company are 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, Kruisem · 1 establishment unit since 2010
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.
De Gavers 209750 KruisemGround area
781 m²
Building footprint
195 m²
Volume, LiDAR
983 m³
Parcel 45036A1494/00H000, Flanders · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
De Gavers 20, 9750 Kruisem
since 20102.186.603.395
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45036A1494/00H000 | Flanders | 781 m² | 1 · 195 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,678 EUR awarded · 1,678 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,678 EUR | 1,678 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Recognised contractor
4 categoriesCARVELEC BV43578
Dual-learning approval
1 endedSimilar companies · same sector, comparable size
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LELIMA PHARMA
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Of 82,524 companies in sector 70200 we hold annual accounts for 52,566. 40,155 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-03-2010
Fiscal year end30-06
Activities, NACEBEL
43211General electrical installation work
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.