ACTIVE

CARLTON

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Financial year 2025 · closed on 30/06/2025

Net result

315 k €

+10.8% YoY

Revenue

695 k €

+154.1% YoY

Equity

14,5 M €

-7.3% YoY

Workforce

1,8 ETP

0.0% YoY

What does CARLTON do?

CARLTON is a Public limited company incorporated in 1990. Its main activity is: Development of building projects. Its registered office is in Gent. It employs on average 1,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0442.540.724

Incorporation

21/11/1990

Legal form

Public limited company

Registered office

Kortrijksesteenweg 1052 box D
9051 Gent · FlandreSee on map

Contributed capital

185 437,55 €

Latest accounts

30/06/2025

Average workforce

1,8 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate 68201Rental and operating of own or leased real estate

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2019		2018		2015		2014		2013		2012		2010		2009		2008		2007		2006
Income statement
Revenue	695 k €	+154%	273,5 k €		–		–		1,8 M €	-48.9%	3,6 M €	+11750%	30 k €	-99.4%	5,3 M €		–		50 k €	+25.0%	40 k €		–		–		–		–
EBITDA	130,1 k €	-2.7%	133,7 k €	-93.3%	2 M €	-5.9%	2,1 M €	+820%	231 k €	+11.3%	207,6 k €	+279%	-116,1 k €	-222%	94,9 k €	+242%	-66,8 k €	-9986%	675,5 €	-96.6%	19,8 k €	+121%	-92,9 k €	-116%	598,1 k €	+436%	111,6 k €	+123%	50,1 k €
Operating result	-16,7 k €	+71.9%	-59,6 k €	-104%	1,6 M €	-20.2%	2 M €	+2706%	69,7 k €	+45.4%	47,9 k €	+112%	-398,8 k €	+12.2%	-454,3 k €	+64.1%	-1,3 M €	+81.5%	-6,8 M €	-45293%	15,2 k €	-19.6%	18,8 k €	-94.4%	335 k €	+4395%	7,5 k €	+134%	-22,2 k €
Net result	315 k €	+10.8%	284,4 k €	-95.6%	6,5 M €	+151%	2,6 M €	+1703%	143,7 k €	-91.7%	1,7 M €	+63.6%	1,1 M €	-83.6%	6,5 M €	+528%	-1,5 M €	+16.8%	-1,8 M €	-210%	-586,8 k €	-401%	-117 k €	-139%	301,8 k €	+587%	-62 k €	-108%	741,7 k €
Balance sheet
Equity	14,5 M €	-7.3%	15,7 M €	-8.9%	17,2 M €	+2.6%	16,8 M €	+12.9%	14,8 M €	+1.0%	14,7 M €	+188%	5,1 M €	+26.3%	4 M €	+266%	-2,4 M €	-163%	-927,3 k €	-204%	892,6 k €	-39.7%	1,5 M €	-7.3%	1,6 M €	+23.3%	1,3 M €	-4.6%	1,4 M €
Total assets	20,9 M €	-12.7%	23,9 M €	-23.8%	31,4 M €	+4.4%	30,1 M €	-3.1%	31,1 M €	+2.8%	30,2 M €	+120%	13,8 M €	+10.9%	12,4 M €	-2.5%	12,7 M €	+118%	5,8 M €	-57.0%	13,6 M €	+4.4%	13 M €	+10.2%	11,8 M €	+109%	5,7 M €	+26.8%	4,5 M €
Cash	63,2 k €	+117%	29,1 k €	-99.2%	3,8 M €	+4234%	86,6 k €	-83.5%	524,1 k €	+190%	180,9 k €	+592%	26,1 k €	+17.8%	22,2 k €	-89.4%	209,7 k €	+920%	20,6 k €	-24.4%	27,2 k €	-88.4%	235,1 k €	+0.6%	233,8 k €	+850%	24,6 k €	-25.0%	32,8 k €
Debts	6,4 M €	-22.3%	8,2 M €	-42.4%	14,2 M €	+7.1%	13,2 M €	-17.9%	16,1 M €	+5.1%	15,4 M €	+145%	6,3 M €	-3.1%	6,5 M €	-46.0%	12 M €	+227%	3,7 M €	-70.9%	12,6 M €	+9.0%	11,5 M €	+14.1%	10,1 M €	+132%	4,4 M €	+43.1%	3 M €
Other
Workforce	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	-5.3%	1,9 ETP	-5.0%	2,0 ETP	+33.3%	1,5 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 30/06/2025 · 3 active · 20 ended

Active mandates

Dirk De Graeve

Director

Active

Frank De Graeve

Managing director

Active

Sabine Morel

Director

Active

Ended mandates

Sabine Morel

Director · since 19 décembre 2017 · until 15 décembre 2020

Ended

Sabine Morel

Director · since 19 décembre 2017

Ended

Dirk De Graeve

Director · since 17 décembre 2014 · until 17 mars 2020

Ended

Dirk De Graeve

Director · since 17 décembre 2014 · until 15 décembre 2020

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/12/2025	19/12/2024	21/12/2023	06/12/2022	19/01/2022	11/01/2021
General meeting	05/12/2025	17/12/2024	19/12/2023	30/11/2022	21/12/2021	15/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	05/12/2025	17/12/2025	Dutch	PDF
Full model	30/06/2024	17/12/2024	19/12/2024	Dutch	PDF
Abridged model	30/06/2023	19/12/2023	21/12/2023	Dutch	PDF
Abridged model	30/06/2022	30/11/2022	06/12/2022	Dutch	PDF
Abridged model	30/06/2021	21/12/2021	19/01/2022	Dutch	PDF
Abridged model	30/06/2020	15/12/2020	11/01/2021	Dutch	PDF
Full model	30/06/2019	17/12/2019	13/01/2020	Dutch	PDF
Full model	30/06/2018	18/12/2018	15/01/2019	Dutch	PDF
Full model	30/06/2017	19/12/2017	22/01/2018	Dutch	PDF
Full model	30/09/2015	15/03/2016	05/04/2016	Dutch	PDF
Full model	30/09/2014	17/03/2015	10/04/2015	Dutch	PDF
Full model	30/09/2013	18/03/2014	11/04/2014	Dutch	PDF
Full model	30/09/2012	19/03/2013	11/04/2013	Dutch	PDF
Abridged model	31/12/2010	30/06/2011	07/07/2011	Dutch	PDF
Abridged model	31/12/2009	07/05/2010	04/06/2010	Dutch	PDF
Abridged model	31/12/2008	04/05/2009	04/06/2009	Dutch	PDF
Abridged model	31/12/2007	02/05/2008	30/05/2008	Dutch	PDF
Abridged model	31/12/2006	04/05/2007	12/06/2007	Dutch	PDF

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 30/06/2025 · 3 active · 20 ended

Active mandates

Dirk De Graeve

Director

Active

Frank De Graeve

Managing director

Active

Sabine Morel

Director

Active

Ended mandates

Sabine Morel

Director · since 19 décembre 2017 · until 15 décembre 2020

Ended

Sabine Morel

Director · since 19 décembre 2017

Ended

Dirk De Graeve

Director · since 17 décembre 2014 · until 17 mars 2020

Ended

Dirk De Graeve

Director · since 17 décembre 2014 · until 15 décembre 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/12/2023
KAPITAAL - AANDELEN
PDF
Other21/04/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/02/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/12/2017
MAATSCHAPPELIJKE ZETEL
PDF
Other21/09/2016
DOEL - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates17/04/2015
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 2025315 k €↑
2024
Annual accounts 2024284,4 k €↓
2023
Annual accounts 20236,5 M €↑
2022
Annual accounts 20222,6 M €↑
2019
Annual accounts 2019143,7 k €↓
2018
Annual accounts 20181,7 M €↑
2015
Annual accounts 20151,1 M €↓
2014
Annual accounts 20146,5 M €↑
2013
Annual accounts 2013-1,5 M €↑
2012
Annual accounts 2012-1,8 M €↓
2010
Annual accounts 2010-586,8 k €↓
2009
Annual accounts 2009-117 k €↓
2008
Annual accounts 2008301,8 k €↑
2007
Annual accounts 2007-62 k €↓
2006
Annual accounts 2006741,7 k €
21/11/1990
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CARLTON

Overview

What does CARLTON do?

Trend over 15 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline