ACTIVE

CARNOR

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Financial year 2025 · closed on 31/12/2025
Net result
311,2 k €
+18.1% YoY
Gross margin
357,3 k €
+18.9% YoY
Equity
4,5 M €
+7.4% YoY
Workforce
0,0 ETP

What does CARNOR do?

CARNOR is a Public limited company incorporated in 1974. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Turnhout.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0414.264.729
Incorporation
16/05/1974
Legal form
Public limited company
Registered office
Turnovatoren 16 box 1
2300 Turnhout · FlandreSee on map
Contributed capital
1 092 234,96 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
68203Rental and operating of own or leased real estate· main68110Buying and selling of own real estate
Contacts
2 public details availableLog in to view
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 12 financial years

202520242023202220212012201120102009200820072006
Income statement
Gross margin357,3 k €300,4 k €333,9 k €302,3 k €278,8 k €–––––––
EBITDA335,4 k €269,3 k €308,4 k €278,6 k €256 k €247,1 k €217,3 k €239 k €233,3 k €179,9 k €202,8 k €44,7 k €
Operating result270,4 k €207,7 k €247,1 k €217,3 k €194,8 k €134 k €152,5 k €174,1 k €168,4 k €115,1 k €138 k €3,7 k €
Net result311,2 k €263,6 k €284,1 k €202,5 k €167,4 k €106,9 k €120,9 k €138,2 k €129,3 k €76,3 k €95,9 k €-4,4 k €
Balance sheet
Equity4,5 M €4,2 M €3,9 M €3,6 M €3,4 M €1,8 M €1,7 M €1,7 M €1,5 M €1,4 M €1,3 M €1,2 M €
Total assets6,6 M €6,5 M €6,3 M €6,1 M €6 M €2,3 M €2,4 M €2,4 M €2,3 M €2,4 M €2,4 M €2 M €
Cash19,7 k €959,7 €1,9 k €1,4 k €4,1 k €29,5 k €28,9 k €47,2 k €32,8 k €22,6 k €21,6 k €9,8 k €
Debts2 M €2,2 M €2,3 M €2,4 M €2,5 M €526 k €759,6 k €740,6 k €814,6 k €946,1 k €1 M €794,6 k €
Other
Workforce0,0 ETP–––––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 30 ended

Active mandates

Monique Heeren Vastgoed

Director · since 31 décembre 2025 · until 10 juin 2031 · 0412.556.935

Represented by Monique Heeren

Active
MMP Heeren

Managing director · since 13 juin 2017 · until 10 juin 2031 · 0876.416.675

Represented by Matheus Heeren

Active
Peter Heeren

Managing director · since 13 juin 2017 · until 10 juin 2031

Active

Ended mandates

Heeren Group

Director · since 13 juin 2017 · until 13 juin 2023 · 0475.454.012

Represented by Theresia Van Gompel

Ended
Heeren Group

Director · since 13 juin 2017 · until 13 juin 2029 · 0475.454.012

Represented by Theresia VAN GOMPEL

Ended
Heeren Group

Director · since 13 juin 2017 · until 13 juin 2023 · 0475.454.012

Represented by Peter Heeren

Ended
MMP Heeren

Managing director · since 13 juin 2017 · until 13 juin 2023 · 0876.416.675

Represented by Matheus Heeren

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date04/08/202604/07/202528/06/202431/07/202331/08/202230/07/2021
General meeting09/06/202628/02/202511/06/202413/06/202314/06/202208/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202509/06/202604/08/2026DutchPDF
Abridged model31/12/202428/02/202504/07/2025DutchPDF
Abridged model31/12/202311/06/202428/06/2024DutchPDF
Abridged model31/12/202213/06/202331/07/2023DutchPDF
Abridged model31/12/202114/06/202231/08/2022DutchPDF
Abridged model31/12/202008/06/202130/07/2021DutchPDF
Abridged model31/12/201904/09/202005/11/2020DutchPDF
Abridged model31/12/201811/06/201905/08/2019DutchPDF
Abridged model31/12/201712/06/201830/08/2018DutchPDF
Abridged model31/12/201613/06/201729/08/2017DutchPDF
Full model31/12/201514/06/201629/08/2016DutchPDF
Full model31/12/201409/06/201510/08/2015DutchPDF
Full model31/12/201310/06/201429/08/2014DutchPDF
Full model31/12/201211/06/201328/08/2013DutchPDF
Full model31/12/201112/06/201228/08/2012DutchPDF
Full model31/12/201030/06/201120/07/2011DutchPDF
Full model31/12/200928/05/201023/06/2010DutchPDF
Full model31/12/200805/05/200902/06/2009DutchPDF
Full model31/12/200727/06/200825/07/2008DutchPDF
Full model31/12/200602/05/200721/09/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 30 ended

Active mandates

Monique Heeren Vastgoed

Director · since 31 décembre 2025 · until 10 juin 2031 · 0412.556.935

Represented by Monique Heeren

Active
MMP Heeren

Managing director · since 13 juin 2017 · until 10 juin 2031 · 0876.416.675

Represented by Matheus Heeren

Active
Peter Heeren

Managing director · since 13 juin 2017 · until 10 juin 2031

Active

Ended mandates

Heeren Group

Director · since 13 juin 2017 · until 13 juin 2023 · 0475.454.012

Represented by Theresia Van Gompel

Ended
Heeren Group

Director · since 13 juin 2017 · until 13 juin 2029 · 0475.454.012

Represented by Theresia VAN GOMPEL

Ended
Heeren Group

Director · since 13 juin 2017 · until 13 juin 2023 · 0475.454.012

Represented by Peter Heeren

Ended
MMP Heeren

Managing director · since 13 juin 2017 · until 13 juin 2023 · 0876.416.675

Represented by Matheus Heeren

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Capital / shares22/01/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates24/04/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office22/02/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates09/01/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/10/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/01/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/12/2011
    KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Registered office01/07/2010
    MAATSCHAPPELIJKE ZETEL
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025311,2 k €↑
  2. 2024
    Annual accounts 2024263,6 k €↓
  3. 2023
    Annual accounts 2023284,1 k €↑
  4. 2022
    Annual accounts 2022202,5 k €↑
  5. 2021
    Annual accounts 2021167,4 k €↑
  6. 2012
    Annual accounts 2012106,9 k €↓
  7. 2011
    Annual accounts 2011120,9 k €↓
  8. 2010
    Annual accounts 2010138,2 k €↑
  9. 2009
    Annual accounts 2009129,3 k €↑
  10. 2008
    Annual accounts 200876,3 k €↓
  11. 2007
    Annual accounts 200795,9 k €↑
  12. 2006
    Annual accounts 2006-4,4 k €
  13. 16/05/1974
    IncorporationPublic limited company