ACTIVE

Carma

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Financial year 2026 · closed on 31/03/2026

Net result

-204,7 k €

-316.8% YoY

Gross margin

380,9 k €

+201.5% YoY

Equity

952,2 k €

-17.7% YoY

What does Carma do?

Carma is a Private limited company incorporated in 2009. Its main activity is: Management consultancy activities. Its registered office is in Merelbeke-Melle.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0818.826.389

Incorporation

23/09/2009

Legal form

Private limited company

Registered office

Korenbloemstraat 12
9820 Merelbeke-Melle · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/03/2026

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 81100Combined facilities support activities 81100Combined facilities support activities

Signals

Solid equityLow riskGood liquidityPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2026		2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Gross margin	380,9 k €	+201%	126,3 k €	+442%	-37 k €	-131%	119,9 k €	+89.1%	63,4 k €	+235%	-47 k €	-486%	12,2 k €	-96.6%	357,5 k €	+115%	166,4 k €	-32.4%	246 k €	-9.8%	272,6 k €	-40.4%	457,6 k €	+62.1%	282,3 k €	-2.7%	290,2 k €	-2.0%	296 k €	-20.3%	371,6 k €
EBITDA	378,2 k €	+205%	123,8 k €	+411%	-39,8 k €	-134%	117 k €	+85.4%	63,1 k €	+233%	-47,3 k €	-504%	11,7 k €	-46.6%	21,9 k €	-86.8%	165,8 k €	-32.5%	245,5 k €	-9.7%	272 k €	-40.5%	457 k €	+63.0%	280,4 k €	-3.3%	290 k €	-1.9%	295,7 k €	-20.4%	371,4 k €
Operating result	377,4 k €	+207%	122,9 k €	+379%	-44 k €	-140%	110 k €	+96.0%	56,1 k €	+212%	-50,1 k €	-606%	9,9 k €	-47.8%	19 k €	-88.3%	162,4 k €	-32.9%	242,2 k €	-9.8%	268,5 k €	-40.7%	452,6 k €	+64.9%	274,5 k €	-3.6%	284,8 k €	-2.0%	290,5 k €	-20.1%	363,8 k €
Net result	-204,7 k €	-317%	94,4 k €	+311%	-44,7 k €	-161%	72,9 k €	+42.2%	51,2 k €	+194%	-54,3 k €	-9448%	581,4 €	-93.1%	8,5 k €	-91.3%	97 k €	-30.0%	138,6 k €	+4.5%	132,7 k €	-51.2%	271,9 k €	+49.1%	182,3 k €	-1.4%	185 k €	-1.9%	188,5 k €	-19.0%	232,8 k €
Balance sheet
Equity	952,2 k €	-17.7%	1,2 M €	+8.9%	1,1 M €	-4.0%	1,1 M €	+7.0%	1 M €	+5.2%	983,1 k €	-5.2%	1 M €	+0.1%	1 M €	-13.5%	1,2 M €	+8.8%	1,1 M €	+14.4%	962,9 k €	+16.0%	830,2 k €	+48.7%	558,3 k €	+41.4%	394,8 k €	+88.1%	209,9 k €	+882%	21,4 k €
Total assets	981,5 k €	-30.7%	1,4 M €	+6.7%	1,3 M €	-3.8%	1,4 M €	+8.0%	1,3 M €	-3.4%	1,3 M €	-3.5%	1,4 M €	-22.3%	1,8 M €	+31.0%	1,3 M €	+3.5%	1,3 M €	+15.0%	1,1 M €	+5.7%	1,1 M €	+52.6%	701,7 k €	+30.8%	536,5 k €	+33.5%	401,8 k €	+2.8%	390,9 k €
Cash	573,5 k €	+184%	201,7 k €	+72.2%	117,1 k €	-17.8%	142,4 k €	+143%	58,7 k €	-39.5%	97 k €	-23.6%	126,9 k €	-75.5%	518,8 k €	+38.7%	374 k €	-37.8%	600,9 k €	+25.4%	479,2 k €	-9.0%	526,4 k €	+78.3%	295,3 k €	-2.3%	302,1 k €	-22.0%	387,5 k €	+4.0%	372,5 k €
Debts	29,3 k €	-11.1%	33 k €	-14.9%	38,7 k €	-17.1%	46,7 k €	+163%	17,8 k €	-84.4%	113,9 k €	+5.3%	108,2 k €	-72.5%	393,8 k €	+164%	149,4 k €	-24.4%	197,6 k €	+17.4%	168,3 k €	-30.0%	240,4 k €	+67.6%	143,4 k €	+1.2%	141,7 k €	-25.5%	190,1 k €	-48.6%	369,5 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2026 · 1 active · 2 ended

Active mandates

Carl Van den Eynde

Director · since 03 septembre 2009

Active

Ended mandates

Carl Van Den Eynde

Manager · since 03 septembre 2009

Ended

CARL VAN DEN EYNDE

Manager

Ended

Annual accounts

Full financial information

	2026	2025	2024	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/06/2026	14/10/2025	14/10/2024	31/10/2023	30/10/2022	21/10/2021
General meeting	19/06/2026	27/09/2025	28/09/2024	30/09/2023	30/09/2022	30/09/2021
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2026	19/06/2026	23/06/2026	Dutch	PDF
Micro model	31/03/2025	27/09/2025	14/10/2025	Dutch	PDF
Micro model	31/03/2024	28/09/2024	14/10/2024	Dutch	PDF
Micro model	31/03/2023	30/09/2023	31/10/2023	Dutch	PDF
Micro model	31/03/2022	30/09/2022	30/10/2022	Dutch	PDF
Micro model	31/03/2021	30/09/2021	21/10/2021	Dutch	PDF
Micro model	31/03/2020	31/10/2020	26/11/2020	Dutch	PDF
Micro model	31/03/2019	07/09/2019	20/09/2019	Dutch	PDF
Micro model	31/03/2018	01/09/2018	27/09/2018	Dutch	PDF
Micro model	31/03/2017	02/09/2017	29/09/2017	Dutch	PDF
Abridged model	31/03/2016	03/09/2016	06/10/2016	Dutch	PDF
Abridged model	31/03/2015	05/09/2015	02/10/2015	Dutch	PDF
Abridged model	31/03/2014	06/09/2014	30/09/2014	Dutch	PDF
Abridged model	31/03/2013	28/09/2013	22/10/2013	Dutch	PDF
Abridged model	31/03/2012	29/09/2012	29/10/2012	Dutch	PDF
Abridged model	31/03/2011	30/09/2011	27/10/2011	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 31/03/2026 · 1 active · 2 ended

Active mandates

Carl Van den Eynde

Director · since 03 septembre 2009

Active

Ended mandates

Carl Van Den Eynde

Manager · since 03 septembre 2009

Ended

CARL VAN DEN EYNDE

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/06/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares05/06/2018
KAPITAAL - AANDELEN
PDF
Capital / shares22/04/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/02/2014
ONTSLAGEN - BENOEMINGEN
PDF
Other02/10/2009
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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

2026
Annual accounts 2026-204,7 k €↓
2025
Annual accounts 202594,4 k €↑
2024
Annual accounts 2024-44,7 k €↓
2023
Annual accounts 202372,9 k €↑
2022
Annual accounts 202251,2 k €↑
2021
Annual accounts 2021-54,3 k €↓
2020
Annual accounts 2020581,4 €↓
2019
Annual accounts 20198,5 k €↓
2018
Annual accounts 201897 k €↓
2017
Annual accounts 2017138,6 k €↑
2016
Annual accounts 2016132,7 k €↓
2015
Annual accounts 2015271,9 k €↑
2014
Annual accounts 2014182,3 k €↓
2013
Annual accounts 2013185 k €↓
2012
Annual accounts 2012188,5 k €↓
2011
Annual accounts 2011232,8 k €
23/09/2009
IncorporationPrivate 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

Carma

Overview

What does Carma do?

Trend over 16 financial years

Indicative valuation

Board of directors

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