Catram
ActiveSummary
Catram has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €745k and a net result of €378k. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 45% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+8
Solvency77▼-8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55k at 30 days acceptable
Liquidity ample (current ratio 2.05 against 2.49 in 2024; short-term debt: 48% and cash: 3.1% of total assets), and 48% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
52%
Return on assets
26.4%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-05-2026, 88 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
88 d early
2024
61 d late
2023
301 d late
2022
179 d late
2021
77 d late
2020
195 d late
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€745k=
2024 · €745k
2018: €144klowest in 8 years
2019: €266k▲ +84.4% vs 2018
2020: €341k▲ +28.1% vs 2019
2021: €361k▲ +5.9% vs 2020
2022: €464k▲ +28.7% vs 2021
2023: €635k▲ +36.7% vs 2022
2024: €745k▲ +17.4% vs 2023
2025: €745k● +0.0% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.43M▲ 15.6%
2024 · €1.24M
2018: €632k
2019: €509k▼ -19.4% vs 2018lowest in 8 years
2020: €641k▲ +25.9% vs 2019
2021: €698k▲ +8.9% vs 2020
2022: €804k▲ +15.2% vs 2021
2023: €1.10M▲ +37.1% vs 2022
2024: €1.24M▲ +12.4% vs 2023
2025: €1.43M▲ +15.6% vs 2024highest in 8 years
2018 → 2025
Net result
€378k▲ 64.1%
2024 · €231k
2018: €54klowest in 8 years
2019: €167k▲ +209% vs 2018
2020: €175k▲ +4.8% vs 2019
2021: €200k▲ +14.5% vs 2020
2022: €194k▼ -3.2% vs 2021
2023: €330k▲ +70.7% vs 2022
2024: €231k▼ -30.2% vs 2023
2025: €378k▲ +64.1% vs 2024highest in 8 years
2018 → 2025
Working capital
€722k▼ 2.1%
2024 · €737k
2018: €269klowest in 8 years
2019: €372k▲ +38.4% vs 2018
2020: €418k▲ +12.6% vs 2019
2021: €423k▲ +1.1% vs 2020
2022: €505k▲ +19.4% vs 2021
2023: €647k▲ +28.2% vs 2022
2024: €737k▲ +13.9% vs 2023highest in 8 years
2025: €722k▼ -2.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€361k-€464k▲ 28.7%€635k▲ 36.7%€745k▲ 17.4%€745k=
2021: €361klowest in 5 years
2022: €464k▲ +28.7% vs 2021
2023: €635k▲ +36.7% vs 2022
2024: €745k▲ +17.4% vs 2023
2025: €745k● +0.0% vs 2024highest in 5 years
Operating result€270k-€278k▲ 3.2%€474k▲ 70.2%€337k▼ 28.8%€553k▲ 63.9%
2021: €270klowest in 5 years
2022: €278k▲ +3.2% vs 2021
2023: €474k▲ +70.2% vs 2022
2024: €337k▼ -28.8% vs 2023
2025: €553k▲ +63.9% vs 2024highest in 5 years
Net result€200k-€194k▼ 3.2%€330k▲ 70.7%€231k▼ 30.2%€378k▲ 64.1%
2021: €200k
2022: €194k▼ -3.2% vs 2021lowest in 5 years
2023: €330k▲ +70.7% vs 2022
2024: €231k▼ -30.2% vs 2023
2025: €378k▲ +64.1% vs 2024highest 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 recovers in 2025; 2025 is 64% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.43M
Fixed assets
€24k ▲ 209%
Current assets
€1.41M ▲ 14.4%
Equity and liabilities €1.43M
Equity
€745k =
Debt
€687k ▲ 39.1%
Debt's share of the balance-sheet total rises from 39.9% to 48.0%. Debt is higher.
Key figures and ratios
EBITDA
€556k▲
2024 · €340k
Cash flow
€382k▲
2024 · €234k
Current ratio
2.05▼
2024 · 2.49
Debt to equity
0.92▲
2024 · 0.66
ROE
50.8%▲
2024 · 30.9%
ROA
26.4%▲
2024 · 18.6%
Interest coverage
583.45▲
2024 · 409.17
Debt ≤ 1 year
€687k▲
2024 · €494k
Income taxes
€184k▲
2024 · €117k
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 · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.24M€1.43M▲
Fixed assets21/28€8k€24k▲
Tangible fixed assets22/27€8k€24k▲
Land and buildings22€914€692▼
Plant, machinery and equipment23€3k€3k▲
Furniture and vehicles24€4k€20k▲
Current assets29/58€1.23M€1.41M▲
Amounts receivable after more than one year29€80k€50k▼
Other amounts receivable291€80k€50k▼
Amounts receivable within one year40/41€243k€524k▲
Trade receivables40€230k€506k▲
Other amounts receivable41€13k€18k▲
Current investments50/53€576k€791k▲
Cash at bank and in hand54/58€332k€44k▼
Deferred charges and accrued income490/1€662-
Equity and liabilities
Total equity and liabilities10/49€1.24M€1.43M▲
Equity10/15€745k€745k=
Contributions10/11€19k€19k=
Reserves13€585k€585k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€583k€583k=
Profit (loss) carried forward14€142k€142k▲
Amounts payable17/49€494k€687k▲
Amounts payable within one year42/48€494k€687k▲
Current portion of amounts payable after more than one year42€22k-
Trade debts44€53k€44k▼
Suppliers440/4€53k€44k▼
Taxes, remuneration and social security45€286k€259k▼
Taxes450/3€286k€259k▼
Other amounts payable47/48€133k€385k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€3k€10k▲
Gross operating margin9900€344k€566k▲
Operating profit (loss)9901€337k€553k▲
Financial income75/76B€11k€11k▲
Recurring financial income75€11k€11k▲
Financial charges65/66B€832€954▲
Recurring financial charges65€832€954▲
Profit (loss) for the period before taxes9903€347k€563k▲
Income taxes67/77€117k€184k▲
Profit (loss) for the period9904€231k€378k▲
Profit (loss) for the period to be appropriated9905€231k€378k▲
Appropriation of the result
Profit (loss) to be appropriated9906€372k€520k▲
Profit (loss) brought forward from the previous period14P€141k€142k▲
Transfer to equity691/2€110k-
To other reserves6921€110k-
Profit to be distributed694/7€120k€378k▲
Return on contributions (dividend)694€120k€378k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €22k | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18k | €5k | €3k | €3k | €4k | ▲ 23.5% |
| Other operating charges640/8 | €987 | €3k | €2k | €3k | €10k | ▲ 201% |
| Gross operating margin9900 | €289k | €286k | €479k | €344k | €566k | ▲ 64.9% |
| Operating profit (loss)9901 | €270k | €278k | €474k | €337k | €553k | ▲ 63.9% |
| Financial income75/76B | €7k | €9k | €5k | €11k | €11k | ▲ 1.3% |
| Recurring financial income75 | €7k | €9k | €5k | €11k | €11k | ▲ 1.3% |
| Financial charges65/66B | €3k | €2k | €2k | €832 | €954 | ▲ 14.7% |
| Recurring financial charges65 | €3k | €2k | €2k | €832 | €954 | ▲ 14.7% |
| Profit (loss) for the period before taxes9903 | €273k | €285k | €477k | €347k | €563k | ▲ 62.1% |
| Income taxes67/77 | €73k | €91k | €146k | €117k | €184k | ▲ 58.0% |
| Profit (loss) for the period9904 | €200k | €194k | €330k | €231k | €378k | ▲ 64.1% |
| Profit (loss) for the period to be appropriated9905 | €200k | €194k | €330k | €231k | €378k | ▲ 64.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €698k | €804k | €1.10M | €1.24M | €1.43M | ▲ 15.6% |
| Fixed assets21/28 | €11k | €7k | €9k | €8k | €24k | ▲ 209% |
| Tangible fixed assets22/27 | €11k | €7k | €9k | €8k | €24k | ▲ 209% |
| Land and buildings22 | - | - | - | €914 | €692 | ▼ 24.3% |
| Plant, machinery and equipment23 | €4k | €4k | €4k | €3k | €3k | ▲ 0.6% |
| Furniture and vehicles24 | €7k | €3k | €5k | €4k | €20k | ▲ 402% |
| Current assets29/58 | €687k | €797k | €1.09M | €1.23M | €1.41M | ▲ 14.4% |
| Amounts receivable after more than one year29 | €120k | €80k | €80k | €80k | €50k | ▼ 37.5% |
| Other amounts receivable291 | €120k | €80k | €80k | €80k | €50k | ▼ 37.5% |
| Amounts receivable within one year40/41 | €203k | €238k | €309k | €243k | €524k | ▲ 116% |
| Trade receivables40 | €131k | €232k | €297k | €230k | €506k | ▲ 120% |
| Other amounts receivable41 | €72k | €6k | €12k | €13k | €18k | ▲ 39.5% |
| Current investments50/53 | €146k | €401k | €418k | €576k | €791k | ▲ 37.4% |
| Cash at bank and in hand54/58 | €218k | €78k | €286k | €332k | €44k | ▼ 86.8% |
| Deferred charges and accrued income490/1 | €568 | - | €306 | €662 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €698k | €804k | €1.10M | €1.24M | €1.43M | ▲ 15.6% |
| Equity10/15 | €361k | €464k | €635k | €745k | €745k | = |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €215k | €315k | €475k | €585k | €585k | = |
| Non-distributable reserves130/1 | €215k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €215k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | €313k | €473k | €583k | €583k | = |
| Profit (loss) carried forward14 | €127k | €131k | €141k | €142k | €142k | ▲ 0.2% |
| Amounts payable17/49 | €337k | €340k | €468k | €494k | €687k | ▲ 39.1% |
| Amounts payable after more than one year17 | €73k | €48k | €22k | - | - | - |
| Financial debts170/4 | €73k | €48k | €22k | - | - | - |
| Amounts payable within one year42/48 | €264k | €292k | €446k | €494k | €687k | ▲ 39.1% |
| Current portion of amounts payable after more than one year42 | €28k | €25k | €26k | €22k | - | - |
| Trade debts44 | €14k | €43k | - | €53k | €44k | ▼ 17.7% |
| Suppliers440/4 | €14k | €43k | - | €53k | €44k | ▼ 17.7% |
| Taxes, remuneration and social security45 | €41k | €127k | €260k | €286k | €259k | ▼ 9.5% |
| Taxes450/3 | €41k | €127k | €260k | €286k | €259k | ▼ 9.5% |
| Other amounts payable47/48 | €182k | €97k | €160k | €133k | €385k | ▲ 189% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €200k | €194k | €330k | €231k | €378k | ▲ 64.1% |
| + Depreciation and write-downs630 | €18k | €5k | €3k | €3k | €4k | ▲ 23.5% |
| Operating cash flow (approximation) | €218k | €198k | €333k | €234k | €382k | ▲ 63.6% |
| Investment in fixed assets (approximation) | - | €-991 | €-5k | €-2k | €-20k | ▼ 1,163% |
| Change in cash | - | €-140k | €208k | €46k | €-288k | ▼ 722% |
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
Next filing, fiscal year 2026, expected by
2026
04-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €378k ▲64.1%
Operating result €553k, net result €378k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 301 days late
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 179 days late
2023
31-12
Financial
Equity above €500kEq €635k ▲36.7%
6 profitable years in a row build equity to €635k.
2022
16-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 77 days late
11-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 195 days late
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 4.69
Current ratio from 1.89 to 4.69; short-term debt falls from €303k to €101k.
31-12
Financial
Equity above €200kEq €266k ▲84.4%
2 profitable years in a row build equity to €266k.
22-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
25-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Etterbeek
Ground area
4,115 m²
Building footprint
2,273 m²
Volume, LiDAR
34,859 m³
Parcel 21363B0348/00Z000, Brussels · tallest building 19.9 m, ±5 floors. Linked by address, not a title deed.
72
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21363B0348/00Z000 | Brussels | 4,115 m² | 1 · 2,273 m² | 19.9 m · 5 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.
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Of 22,056 companies in sector 69101 we hold annual accounts for 9,055. 4,983 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)
Founded23-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Scores and ratios are computed by Checked and are not a credit decision.