CARTHO
0873.823.213 · rovalta.com · 21/09/2026
ACTIVE
CARTHO
Financial year 2025 · closed on 31/12/2025
Net result
246,4 k €
+548.8% YoY
Gross margin
425,1 k €
+296.0% YoY
Equity
435,7 k €
+130.2% YoY
Overview
What does CARTHO do?
CARTHO is a Private limited company incorporated in 2005. Its main activity is: Retail sale of watches and jewellery in specialised stores. Its registered office is in Oudenaarde.
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0873.823.213
Incorporation
17/05/2005
Legal form
Private limited company
Registered office
Nederstraat 6
9700 Oudenaarde · FlandreSee on map
9700 Oudenaarde · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
Joint committees (1)
- 201
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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Financials
Trend over 20 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 425,1 k € | +296% | 107,3 k € | +109% | 51,4 k € | -32.3% | 76 k € | +3.9% | 73,1 k € | +32.3% | 55,3 k € | -42.7% | 96,5 k € | +84.6% | 52,3 k € | +104% | 25,6 k € | -64.1% | 71,4 k € | +232% | 21,5 k € | -69.5% | 70,6 k € | +336% | 16,2 k € | +405% | -5,3 k € | -37.9% | -3,9 k € | -338% | 1,6 k € | +121% | -7,9 k € | -1630% | 514,5 € | -96.6% | 15,1 k € | +502% | -3,8 k € |
| EBITDA | 373,6 k € | +487% | 63,7 k € | +624% | 8,8 k € | -75.9% | 36,6 k € | -5.3% | 38,6 k € | +35.7% | 28,4 k € | -51.9% | 59,2 k € | +167% | 22,2 k € | +363% | -8,4 k € | -122% | 39,3 k € | +924% | -4,8 k € | -111% | 44 k € | +216% | 13,9 k € | +354% | -5,5 k € | -23.6% | -4,4 k € | -822% | 614,3 € | +108% | -8,2 k € | -8570% | 96,5 € | -99.4% | 15 k € | +469% | -4,1 k € |
| Operating result | 371,4 k € | +526% | 59,4 k € | +210443% | -28,2 € | -100% | 28,1 k € | -11.3% | 31,7 k € | +47.2% | 21,6 k € | -62.1% | 56,9 k € | +181% | 20,2 k € | +250% | -13,5 k € | -139% | 34,3 k € | +450% | -9,8 k € | -122% | 44 k € | +216% | 13,9 k € | +354% | -5,5 k € | -23.6% | -4,4 k € | -822% | 614,3 € | +108% | -8,2 k € | -209% | -2,6 k € | -118% | 14,4 k € | +345% | -5,9 k € |
| Net result | 246,4 k € | +549% | 38 k € | +946% | -4,5 k € | -125% | 18,1 k € | -16.2% | 21,6 k € | +36.4% | 15,8 k € | -58.1% | 37,8 k € | +299% | 9,5 k € | +167% | -14,1 k € | -143% | 33 k € | +211% | -29,7 k € | -168% | 44 k € | +218% | 13,8 k € | +3901% | 346 € | +108% | -4,3 k € | -810% | 607,3 € | +105% | -13 k € | -154% | -5,1 k € | -135% | 14,6 k € | +348% | -5,9 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 435,7 k € | +130% | 189,3 k € | +25.1% | 151,3 k € | -2.9% | 155,8 k € | +13.2% | 137,7 k € | +18.6% | 116,1 k € | +15.8% | 100,2 k € | +60.6% | 62,4 k € | +17.9% | 52,9 k € | -21.1% | 67 k € | +97.0% | 34 k € | -46.6% | 63,7 k € | +223% | 19,7 k € | +235% | 5,9 k € | +6.2% | 5,6 k € | +781% | 631 € | +120% | -3,1 k € | -132% | 9,8 k € | -34.2% | 14,9 k € | +4721% | 310 € |
| Total assets | 565,8 k € | +161% | 216,7 k € | +14.5% | 189,2 k € | -5.6% | 200,4 k € | +18.2% | 169,6 k € | +1.9% | 166,5 k € | +32.8% | 125,3 k € | +43.7% | 87,2 k € | -7.1% | 93,9 k € | -23.1% | 122,1 k € | +37.2% | 89 k € | +14.5% | 77,7 k € | +25.7% | 61,8 k € | +261% | 17,1 k € | +16.7% | 14,7 k € | +771% | 1,7 k € | +5816% | 28,5 € | -99.9% | 29,9 k € | +56.8% | 19,1 k € | +285% | 5 k € |
| Cash | 69,2 k € | +46.6% | 47,2 k € | +1334% | 3,3 k € | – | 6,9 k € | -28.2% | 9,6 k € | +92.7% | 5 k € | +13.9% | 4,4 k € | +418% | 842,2 € | -61.0% | 2,2 k € | -79.4% | 10,5 k € | -36.2% | 16,4 k € | -20.7% | 20,7 k € | +23.9% | 16,7 k € | +1085% | 1,4 k € | +74.1% | 811,3 € | +2749% | 28,5 € | -99.3% | 4,3 k € | -72.7% | 15,9 k € | +920% | 1,6 k € | ||
| Debts | 128,4 k € | +397% | 25,8 k € | -28.9% | 36,3 k € | -18.6% | 44,6 k € | +39.8% | 31,9 k € | -36.7% | 50,4 k € | +111% | 23,9 k € | -3.6% | 24,8 k € | -39.5% | 41 k € | -23.9% | 53,9 k € | -2.0% | 55 k € | +293% | 14 k € | -66.8% | 42,1 k € | +275% | 11,2 k € | +23.0% | 9,1 k € | +766% | 1,1 k € | -66.8% | 3,2 k € | -84.2% | 20,1 k € | +384% | 4,2 k € | -10.5% | 4,6 k € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | – | – | – | – | – | – | – | – | – | – | 1,0 ETP | 0.0% | 1,0 ETP | +900% | 0,1 ETP | – | – | – | – | – | – | – | |||||||||||||||||
Estimate
Indicative valuation
As an indication, this company is worth
between 1 M€ and 2,5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 8 ended
Active mandates
Benoit Carpentier
ActiveEnded mandates
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Micro model | Micro model | Micro model | Micro model | Micro model | Micro 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 | 28/08/2026 | 02/07/2025 | 25/07/2024 | 03/07/2023 | 22/08/2022 | 30/08/2021 |
| General meeting | 03/08/2026 | 27/06/2025 | 28/06/2024 | 30/06/2023 | 25/07/2022 | 25/08/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Micro model | 31/12/2025 | 03/08/2026 | 28/08/2026 | Dutch | |
| Micro model | 31/12/2024 | 27/06/2025 | 02/07/2025 | Dutch | |
| Micro model | 31/12/2023 | 28/06/2024 | 25/07/2024 | Dutch | |
| Micro model | 31/12/2022 | 30/06/2023 | 03/07/2023 | Dutch | |
| Micro model | 31/12/2021 | 25/07/2022 | 22/08/2022 | Dutch | |
| Micro model | 31/12/2020 | 25/08/2021 | 30/08/2021 | Dutch | |
| Micro model | 31/12/2019 | 26/06/2020 | 06/07/2020 | Dutch | |
| Micro model | 31/12/2018 | 28/06/2019 | 01/07/2019 | Dutch | |
| Micro model | 31/12/2017 | 29/06/2018 | 09/07/2018 | Dutch | |
| Micro model | 31/12/2016 | 22/08/2017 | 31/08/2017 | Dutch | |
| Abridged model | 31/12/2015 | 25/08/2016 | 29/08/2016 | Dutch | |
| Abridged model | 31/12/2014 | 26/08/2015 | 31/08/2015 | Dutch | |
| Abridged model | 31/12/2013 | 29/07/2014 | 28/08/2014 | Dutch | |
| Abridged model | 31/12/2012 | 28/07/2013 | 19/08/2013 | Dutch | |
| Abridged model | 31/12/2011 | 29/06/2012 | 02/07/2012 | Dutch | |
| Abridged model | 31/12/2010 | 30/08/2011 | 30/08/2011 | Dutch | |
| Abridged model | 31/12/2009 | 23/08/2010 | 30/08/2010 | Dutch | |
| Abridged model | 31/12/2008 | 26/06/2009 | 06/07/2009 | Dutch | |
| Abridged model | 31/12/2007 | 27/06/2008 | 24/07/2008 | Dutch | |
| Abridged model | 31/12/2006 | 29/06/2007 | 02/07/2007 | Dutch |
Valuation
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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 1 active · 8 ended
Active mandates
Benoit Carpentier
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025246,4 k €↑
- 2024Annual accounts 202438 k €↑
- 2023Annual accounts 2023-4,5 k €↓
- 2022Annual accounts 202218,1 k €↓
- 2021Annual accounts 202121,6 k €↑
- 2020Annual accounts 202015,8 k €↓
- 2019Annual accounts 201937,8 k €↑
- 2018Annual accounts 20189,5 k €↑
- 2017Annual accounts 2017-14,1 k €↓
- 2016Annual accounts 201633 k €↑
- 2015Annual accounts 2015-29,7 k €↓
- 2014Annual accounts 201444 k €↑
- 2013Annual accounts 201313,8 k €↑
- 2012Annual accounts 2012346 €↑
- 2012Name changeCARTHO
- 2011Annual accounts 2011-4,3 k €↓
- 2010Annual accounts 2010607,3 €↑
- 2009Annual accounts 2009-13 k €↓
- 2009Name changeHVH
- 2008Annual accounts 2008-5,1 k €↓
- 2007Annual accounts 200714,6 k €↑
- 2007Name changePePPer 45
- 2006Annual accounts 2006-5,9 k €
- 2006Name changeIMagiC 45
- 17/05/2005IncorporationPrivate limited company