ACTIVE

CARRECT

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Financial year 2025 · closed on 31/12/2025

Net result

37,3 k €

-49.3% YoY

Revenue

41,7 M €

-11.1% YoY

Equity

1,1 M €

+3.6% YoY

Workforce

48,2 ETP

+1.3% YoY

What does CARRECT do?

CARRECT is a Public limited company incorporated in 2010. Its registered office is in Vilvoorde. It employs on average 48,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0831.340.181

Incorporation

24/11/2010

Legal form

Public limited company

Registered office

Luchthavenlaan 8
1800 Vilvoorde · FlandreSee on map

Contributed capital

247 742,91 €

Latest accounts

31/12/2025

Average workforce

48,2 ETP

Joint committees (2)

11200
20000

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011
Income statement
Revenue	41,7 M €	-11.1%	46,9 M €	+37.6%	34,1 M €	+54.0%	22,1 M €	+28.8%	17,2 M €	-0.3%	17,2 M €		–		–		9 M €		–		5,8 M €		–		–		–
EBITDA	839,7 k €	-13.5%	970,8 k €	+37.3%	706,8 k €	+108%	339,6 k €	+13.8%	298,3 k €	+7.6%	277,1 k €	+60.1%	173,1 k €	-24.7%	229,9 k €	-1.6%	233,7 k €	-5.7%	247,9 k €	+63.2%	151,9 k €	+308%	37,3 k €	-49.6%	73,9 k €	+88.6%	39,2 k €
Operating result	557,4 k €	-22.0%	714,9 k €	+47.4%	485 k €	+277%	128,6 k €	-35.4%	199 k €	-5.6%	210,8 k €	+83.7%	114,8 k €	-33.7%	173 k €	+6.2%	162,8 k €	-1.9%	166 k €	+119%	75,7 k €	+460%	-21 k €	-149%	43,2 k €	+48.9%	29 k €
Net result	37,3 k €	-49.3%	73,5 k €	-7.4%	79,4 k €	+272%	21,4 k €	-76.5%	90,9 k €	+1.9%	89,2 k €	-31.6%	130,4 k €	+28.1%	101,8 k €	-4.4%	106,4 k €	-5.5%	112,6 k €	+169%	41,8 k €	+70.0%	24,6 k €	-33.4%	36,9 k €	+71.3%	21,6 k €
Balance sheet
Equity	1,1 M €	+3.6%	1 M €	+7.6%	969,3 k €	+8.9%	889,9 k €	+2.5%	868,5 k €	+8.4%	801,5 k €	+12.5%	712,3 k €	+7.8%	660,8 k €	+36.0%	485,7 k €	+61.7%	300,5 k €	+59.9%	187,9 k €	+28.6%	146,1 k €	+20.2%	121,5 k €	+25.8%	96,6 k €
Total assets	16,1 M €	-15.1%	19 M €	+11.6%	17 M €	+76.2%	9,7 M €	+16.7%	8,3 M €	+16.3%	7,1 M €	+19.9%	5,9 M €	+21.2%	4,9 M €	+9.5%	4,5 M €	+43.0%	3,1 M €	+15.0%	2,7 M €	+13.2%	2,4 M €	+31.6%	1,8 M €	+153%	722,7 k €
Cash	692 k €	+44.2%	479,8 k €	+32.0%	363,5 k €	+106%	176,2 k €	+15.4%	152,7 k €	+19.0%	128,4 k €	+93.0%	66,5 k €	-68.2%	208,8 k €	+102%	103,2 k €	+128%	45,3 k €	+1.9%	44,4 k €	-82.0%	246,8 k €	+7.6%	229,4 k €	+27.3%	180,2 k €
Debts	14,9 M €	-16.1%	17,8 M €	+12.1%	15,9 M €	+85.9%	8,5 M €	+19.4%	7,1 M €	+22.8%	5,8 M €	+23.8%	4,7 M €	+27.9%	3,7 M €	-6.4%	3,9 M €	+39.1%	2,8 M €	+11.6%	2,5 M €	+12.2%	2,3 M €	+34.7%	1,7 M €	+168%	625,6 k €
Other
Workforce	48,2 ETP	+1.3%	47,6 ETP	+7.4%	44,3 ETP	+24.1%	35,7 ETP	+52.6%	23,4 ETP	+6.4%	22,0 ETP	+29.4%	17,0 ETP	+3.0%	16,5 ETP	+19.6%	13,8 ETP	+7.0%	12,9 ETP	+57.3%	8,2 ETP	+64.0%	5,0 ETP	+78.6%	2,8 ETP	+180%	1,0 ETP

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 31/12/2025 · 3 active · 18 ended

Active mandates

Micheline Zahr

Director · since 06 décembre 2021 · until 21 mai 2027

Active

Rommel Zahr

Director · since 06 décembre 2021 · until 21 mai 2027

Active

ROZA

Managing director · since 30 septembre 2020 · until 21 mai 2027 · 0841.531.616

Represented by Gabriel ZAHR

Active

Ended mandates

ROZA

Managing director · since 30 septembre 2020 · until 15 mai 2026 · 0841.531.616

Represented by Gabriel Zahr

Ended

Micheline Zahr

Director · since 11 novembre 2017 · until 19 mai 2023

Ended

Micheline Zahr

Director · since 11 novembre 2017 · until 21 mai 2027

Ended

Micheline ZAHR

Director · since 11 novembre 2017

Ended

At this address

Other companies at this address

Company	CBE no.
Carrect btw-eenheid● Active	0787.192.216

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/07/2026	30/07/2025	28/06/2024	31/07/2023	23/08/2022	26/08/2021
General meeting	30/06/2026	15/07/2025	24/06/2024	28/07/2023	30/06/2022	31/07/2021
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

15 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	29/07/2026	Dutch	PDF
Full model	31/12/2024	15/07/2025	30/07/2025	Dutch	PDF
Full model	31/12/2023	24/06/2024	28/06/2024	Dutch	PDF
Full model	31/12/2022	28/07/2023	31/07/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	23/08/2022	Dutch	PDF
Full model	31/12/2020	31/07/2021	26/08/2021	Dutch	PDF
Full model	31/12/2019	30/09/2020	23/12/2020	Dutch	PDF
Abridged model	31/12/2018	03/06/2019	30/06/2019	Dutch	PDF
Abridged model	31/12/2017	18/05/2018	01/08/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	04/07/2017	Dutch	PDF
Abridged model	31/12/2015	20/05/2016	12/09/2016	Dutch	PDF
Abridged model	31/12/2014	15/05/2015	30/11/2015	Dutch	PDF
Abridged model	31/12/2013	16/05/2014	28/08/2014	Dutch	PDF
Abridged model	31/12/2012	17/05/2013	31/07/2013	Dutch	PDF
Abridged model	31/12/2011	18/05/2012	30/07/2012	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 31/12/2025 · 3 active · 18 ended

Active mandates

Micheline Zahr

Director · since 06 décembre 2021 · until 21 mai 2027

Active

Rommel Zahr

Director · since 06 décembre 2021 · until 21 mai 2027

Active

ROZA

Managing director · since 30 septembre 2020 · until 21 mai 2027 · 0841.531.616

Represented by Gabriel ZAHR

Active

Ended mandates

ROZA

Managing director · since 30 septembre 2020 · until 15 mai 2026 · 0841.531.616

Represented by Gabriel Zahr

Ended

Micheline Zahr

Director · since 11 novembre 2017 · until 19 mai 2023

Ended

Micheline Zahr

Director · since 11 novembre 2017 · until 21 mai 2027

Ended

Micheline ZAHR

Director · since 11 novembre 2017

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring07/04/2026
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring23/01/2026
ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates28/12/2021
BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates22/02/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/12/2017
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Restructuring28/08/2017
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring15/06/2017
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates21/11/2016
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 202537,3 k €↓
2024
Annual accounts 202473,5 k €↓
2023
Annual accounts 202379,4 k €↑
2022
Annual accounts 202221,4 k €↓
2021
Annual accounts 202190,9 k €↑
2019
Annual accounts 201989,2 k €↓
2018
Annual accounts 2018130,4 k €↑
2017
Annual accounts 2017101,8 k €↓
2016
Annual accounts 2016106,4 k €↓
2015
Annual accounts 2015112,6 k €↑
2014
Annual accounts 201441,8 k €↑
2013
Annual accounts 201324,6 k €↓
2012
Annual accounts 201236,9 k €↑
2011
Annual accounts 201121,6 k €
24/11/2010
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

CARRECT

Overview

What does CARRECT do?

Trend over 14 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