ACTIVE

CARO'S

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Financial year 2025 · closed on 31/12/2025

Net result

619,9 k €

-12.9% YoY

Gross margin

2,6 M €

-4.8% YoY

Equity

625 k €

+104.9% YoY

Workforce

29,9 ETP

-2.0% YoY

What does CARO'S do?

CARO'S is a Private limited company incorporated in 2004. Its registered office is in Sint-Niklaas. It employs on average 29,9 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0863.680.080

Incorporation

26/02/2004

Legal form

Private limited company

Registered office

Kapelstraat 100 box 50
9100 Sint-Niklaas · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Average workforce

29,9 ETP

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 17 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	2,6 M €	-4.8%	2,7 M €	+19.5%	2,3 M €	+42.0%	1,6 M €	+105%	772 k €	-35.6%	1,2 M €	+1.5%	1,2 M €	+25.7%	939,5 k €	+7.5%	874,3 k €	-4.5%	915,9 k €	+1.1%	906,2 k €	+39.8%	648,1 k €	+17.4%	552,1 k €	+50.6%	366,5 k €	-16.0%	436,3 k €	+50.6%	289,7 k €	+1.7%	284,9 k €
EBITDA	911,8 k €	-11.6%	1 M €	+28.5%	803,1 k €	+89.6%	423,6 k €	+107%	204,8 k €	-20.3%	256,9 k €	-22.1%	329,6 k €	+216%	104,5 k €	-19.1%	129,2 k €	-47.5%	245,8 k €	+1.0%	243,3 k €	+63.4%	148,9 k €	+26.2%	118 k €	+239%	34,8 k €	-42.4%	60,4 k €	-19.8%	75,3 k €	-2.0%	76,8 k €
Operating result	843,2 k €	-12.5%	963,4 k €	+29.2%	745,4 k €	+97.6%	377,3 k €	+144%	154,6 k €	-30.7%	223 k €	-25.2%	298 k €	+346%	66,9 k €	-33.8%	101 k €	-53.5%	217,2 k €	+25.2%	173,5 k €	+83.8%	94,4 k €	+35.5%	69,6 k €	+576%	-14,6 k €	-209%	13,4 k €	-46.4%	25 k €	-8.0%	27,1 k €
Net result	619,9 k €	-12.9%	711,6 k €	+29.1%	551,1 k €	+94.7%	283 k €	+913%	27,9 k €	-81.0%	146,7 k €	-28.0%	203,7 k €	+448%	37,2 k €	+703%	-6,2 k €	-104%	170,7 k €	+98.8%	85,8 k €	-1.9%	87,5 k €	+69.5%	51,6 k €	+318%	-23,6 k €	-116%	-11 k €	-115%	74,4 k €	+562%	11,2 k €
Balance sheet
Equity	625 k €	+105%	305,1 k €	+4.0%	293,5 k €	+21.1%	242,4 k €	-32.6%	359,5 k €	+52.4%	235,9 k €	-30.4%	339,1 k €	+44.0%	235,4 k €	+18.8%	198,2 k €	-3.0%	204,4 k €	+11.3%	183,7 k €	-7.2%	197,9 k €	+16.2%	170,4 k €	+43.5%	118,7 k €	-16.6%	142,4 k €	-7.2%	153,3 k €	+94.2%	79 k €
Total assets	1,3 M €	+18.5%	1,1 M €	-1.8%	1,2 M €	+12.2%	1 M €	+28.6%	801,9 k €	-6.3%	855,4 k €	+3.3%	827,9 k €	+38.3%	598,8 k €	+27.5%	469,6 k €	-22.5%	606 k €	+6.3%	570 k €	+30.4%	437,1 k €	-0.8%	440,9 k €	+10.2%	400,2 k €	+24.6%	321,1 k €	-7.8%	348,3 k €	+19.3%	291,9 k €
Cash	22,9 k €	-1.8%	23,3 k €	+35.3%	17,2 k €	-35.2%	26,6 k €	+49.9%	17,7 k €	-71.4%	62,1 k €	-86.6%	462,6 k €	+104%	226,9 k €	+36.7%	166 k €	-35.1%	255,8 k €	-20.4%	321,3 k €	+55.7%	206,3 k €	+17.6%	175,4 k €	+127%	77,3 k €	-16.4%	92,4 k €	+119%	42,1 k €	+395%	8,5 k €
Debts	721,7 k €	-13.1%	830,9 k €	-3.7%	862,9 k €	+9.4%	788,4 k €	+78.2%	442,4 k €	-28.6%	619,5 k €	+27.8%	484,9 k €	+38.0%	351,3 k €	+29.4%	271,4 k €	-31.6%	396,9 k €	+7.2%	370,3 k €	+54.8%	239,3 k €	-0.5%	240,5 k €	-14.6%	281,5 k €	+61.1%	174,8 k €	-10.4%	195 k €	-8.4%	212,9 k €
Other
Workforce	29,9 ETP	-2.0%	30,5 ETP	+2.0%	29,9 ETP	+3.1%	29,0 ETP	+31.2%	22,1 ETP	-4.3%	23,1 ETP		–		19,8 ETP	+6.5%	18,6 ETP	+10.1%	16,9 ETP	+0.6%	16,8 ETP	+15.1%	14,6 ETP	+19.7%	12,2 ETP	+23.2%	9,9 ETP	+20.7%	8,2 ETP	-24.1%	10,8 ETP	-3.6%	11,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 21 ended

Active mandates

DINOIS

Director · since 31 mars 2009 · 0808.544.092

Represented by Lorien Lardinois

Active

FREDC°

Director · since 31 mars 2009 · 0808.642.082

Represented by Frederic Raepsaet

Active

Ended mandates

FREDC°

Director · since 31 décembre 2009 · 0808.642.082

Represented by FREDERIC RAEPSAET

Ended

DINOIS

Director · since 31 mars 2009 · 0808.544.092

Represented by Lorien LARDINOIS

Ended

DINOIS

Manager · since 31 mars 2009 · 0808.544.092

Represented by LARDINOIS LORIEN

Ended

DINOIS

Registered auditor · since 31 mars 2009 · 0808.544.092

Represented by LORIEN LARDINOIS

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	19/06/2026	14/07/2025	04/07/2024	30/06/2023	30/08/2022	28/06/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	19/06/2026	19/06/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	14/07/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	04/07/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	30/08/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	10/07/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	02/07/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	21/06/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	22/06/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	21/06/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	23/06/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	18/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	01/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	29/06/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	29/06/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	29/07/2010	Dutch	PDF
Abridged model	30/06/2008	21/11/2008	11/12/2008	Dutch	PDF
Abridged model	30/06/2007	21/12/2007	31/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 2 active · 21 ended

Active mandates

DINOIS

Director · since 31 mars 2009 · 0808.544.092

Represented by Lorien Lardinois

Active

FREDC°

Director · since 31 mars 2009 · 0808.642.082

Represented by Frederic Raepsaet

Active

Ended mandates

FREDC°

Director · since 31 décembre 2009 · 0808.642.082

Represented by FREDERIC RAEPSAET

Ended

DINOIS

Director · since 31 mars 2009 · 0808.544.092

Represented by Lorien LARDINOIS

Ended

DINOIS

Manager · since 31 mars 2009 · 0808.544.092

Represented by LARDINOIS LORIEN

Ended

DINOIS

Registered auditor · since 31 mars 2009 · 0808.544.092

Represented by LORIEN LARDINOIS

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/11/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Other13/04/2011
WIJZIGING RECHTSVORM
PDF
Mandates16/07/2009
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates14/04/2009
ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/08/2006
MAATSCHAPPELIJKE ZETEL
PDF
Mandates10/03/2004
ONTSLAGEN - BENOEMINGEN
PDF
Other05/03/2004
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

2025
Annual accounts 2025619,9 k €↓
2024
Annual accounts 2024711,6 k €↑
2023
Annual accounts 2023551,1 k €↑
2022
Annual accounts 2022283 k €↑
2021
Annual accounts 202127,9 k €↓
2018
Annual accounts 2018146,7 k €↓
2017
Annual accounts 2017203,7 k €↑
2016
Annual accounts 201637,2 k €↑
2015
Annual accounts 2015-6,2 k €↓
2014
Annual accounts 2014170,7 k €↑
2013
Annual accounts 201385,8 k €↓
2012
Annual accounts 201287,5 k €↑
2011
Annual accounts 201151,6 k €↑
2010
Annual accounts 2010-23,6 k €↓
2009
Annual accounts 2009-11 k €↓
2008
Annual accounts 200874,4 k €↑
2007
Annual accounts 200711,2 k €
26/02/2004
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

CARO'S

Overview

What does CARO'S do?

Trend over 17 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