ACTIVE

CARAT DUCHATELET

Financial year 2025 · Closed on 31/12/2025

Net result125,4 k €+13,3 %over 1 year
Revenue7,9 M €-11,3 %over 1 year
Equity2,3 M €+5,7 %over 1 year
Workforce52,0 ETP+10,9 %over 1 year

Identity

Source · BCE/KBO

CARAT DUCHATELET is a Public limited company incorporated in 2003. Its main activity is: Manufacture of bodies (coachwork) for motor vehicles; manufacture of trailers and semi-trailers. Its registered office is in Liège. It employs on average 52,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0860.316.853
Incorporation
02/09/2003
Legal form
Public limited company
Registered office
Rue Winston-Churchill 413
4020 Liège · WallonieSee on map
Contributed capital
1 649 990,25 €
Latest accounts
31/12/2025
Average workforce
52,0 ETP
Joint committees (2)
  • 14902
  • 200
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

20252024202320222021
Income statement
Revenue7,9 M €8,9 M €7,7 M €9,7 M €6,8 M €
EBITDA636,3 k €449,3 k €-147,5 k €1,2 M €806 k €
Operating result191,6 k €92,1 k €145,6 k €712,4 k €368,4 k €
Net result125,4 k €110,7 k €92,6 k €616,2 k €317,7 k €
Balance sheet
Equity2,3 M €2,2 M €2,1 M €2 M €1,4 M €
Total assets17,5 M €15,4 M €13,4 M €13,5 M €12,8 M €
Cash943,8 k €1,7 M €733,1 k €3 M €4,2 M €
Debts14,9 M €13,1 M €11,2 M €10,9 M €11 M €
Other
Workforce52,0 ETP46,9 ETP43,3 ETP44,6 ETP48,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 30 ended

Active mandates

VCAR ENGINEERING

Managing director · since 08 novembre 2022 · 0672.932.550

Represented by Vincent Lambert

Active
NOSHAQ

Mandate · 0426.624.509

Represented by Stéphane Demoulin

Active

Ended mandates

VCAR ENGINEERING

Director · since 08 novembre 2022 · 0672.932.550

Represented by Vincent Lambert

Ended
NOSHAQ

Director · since 23 mars 2020 · until 22 mars 2026 · 0426.624.509

Ended
NOSHAQ PARTNERS

Director · since 23 mars 2020 · until 22 mars 2026 · 0808.219.836

Ended
NOSHAQ PARTNERS

Director · since 23 mars 2020 · until 22 mars 2026 · 0808.219.836

Represented by Stéphane DEMOULIN

Ended

Other companies at this address

Rue Winston-Churchill 413 4020 Liège
CompanyCBE no.
0403.892.360
IGES● Active
1030.127.429

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/04/2020
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 months9 months
Filing date15/06/202619/06/202528/06/202423/06/202321/06/202224/06/2021
General meeting11/06/202613/06/202520/06/202416/06/202317/06/202218/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202511/06/202615/06/2026FrenchPDF
Full model31/12/202413/06/202519/06/2025FrenchPDF
Full model31/12/202320/06/202428/06/2024FrenchPDF
Full model31/12/202216/06/202323/06/2023FrenchPDF
Full model31/12/202117/06/202221/06/2022FrenchPDF
Full model31/12/202018/06/202124/06/2021FrenchPDF
Full model31/03/202018/09/202021/09/2020FrenchPDF
Full model31/03/201907/08/201914/08/2019FrenchPDF
Full model31/03/201823/11/201807/12/2018FrenchPDF
Full model31/12/201630/06/201710/07/2017FrenchPDF
Full model31/12/201517/06/201627/06/2016FrenchPDF
Full model31/12/201419/06/201523/06/2015FrenchPDF
Abridged model30/06/201311/10/201328/03/2014FrenchPDF
Abridged model30/06/201212/10/201213/11/2012FrenchPDF
Abridged modelCorrection31/01/201117/06/201106/09/2011FrenchPDF
Abridged model31/01/201117/06/201115/08/2011FrenchPDF
Abridged model31/01/201018/06/201015/08/2011FrenchPDF
Abridged model31/01/200920/06/200914/08/2011FrenchPDF
Abridged model31/01/200820/06/200814/08/2011FrenchPDF
Abridged model31/01/200715/06/200716/08/2007FrenchPDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 30 ended

Active mandates

VCAR ENGINEERING

Managing director · since 08 novembre 2022 · 0672.932.550

Represented by Vincent Lambert

Active
NOSHAQ

Mandate · 0426.624.509

Represented by Stéphane Demoulin

Active

Ended mandates

VCAR ENGINEERING

Director · since 08 novembre 2022 · 0672.932.550

Represented by Vincent Lambert

Ended
NOSHAQ

Director · since 23 mars 2020 · until 22 mars 2026 · 0426.624.509

Ended
NOSHAQ PARTNERS

Director · since 23 mars 2020 · until 22 mars 2026 · 0808.219.836

Ended
NOSHAQ PARTNERS

Director · since 23 mars 2020 · until 22 mars 2026 · 0808.219.836

Represented by Stéphane DEMOULIN

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other09/07/2026
    DIVERS
    PDF
  • Mandates01/07/2026
    DIVERS - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/08/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Capital / shares02/12/2022
    CAPITAL, ACTIONS
    PDF
  • Mandates24/11/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/06/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates20/01/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates02/10/2020
    DEMISSIONS, NOMINATIONS
    PDF

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 2025125,4 k €↑
  2. 2024
    Annual accounts 2024110,7 k €↑
  3. 2023
    Annual accounts 202392,6 k €↓
  4. 2022
    Annual accounts 2022616,2 k €↑
  5. 2021
    Annual accounts 2021317,7 k €↑
  6. 2020
    Annual accounts 2020247 k €↑
  7. 2020
    Annual accounts 2020127,8 k €↓
  8. 2020
    Name changeCARAT DUCHATELET
  9. 2019
    Annual accounts 20191,1 M €↑
  10. 2018
    Annual accounts 2018-2 M €↓
  11. 2016
    Annual accounts 20161,5 k €↓
  12. 2015
    Annual accounts 20156,3 k €↓
  13. 2014
    Annual accounts 201410,2 k €↑
  14. 2013
    Annual accounts 2013-54,9 k €↓
  15. 2012
    Annual accounts 2012-15,1 k €↓
  16. 2012
    Name changeCAPITAL PEOPLE
  17. 2011
    Annual accounts 2011-12,5 k €↓
  18. 2010
    Annual accounts 2010-347 €↑
  19. 2009
    Annual accounts 2009-53,3 k €↑
  20. 2008
    Annual accounts 2008-56,4 k €↓
  21. 2007
    Annual accounts 2007-10,5 k €
  22. 2007
    Name changeS.A. KLEIN 1889, MAROQUINERIE
  23. 02/09/2003
    IncorporationPublic limited company