ACTIVE

CARAT

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Financial year 2025 · closed on 30/06/2025

Net result

-94,9 k €

+49.5% YoY

Gross margin

-16,2 k €

-13.5% YoY

Equity

5,9 M €

-1.6% YoY

What does CARAT do?

CARAT is a Private limited company incorporated in 2007. Its registered office is in Tournai.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0889.602.539

Incorporation

21/05/2007

Legal form

Private limited company

Registered office

Rue Beauregard(RUM) 3
7540 Tournai · WallonieSee on map

Contributed capital

6 218 600,00 €

Latest accounts

30/06/2025

Joint committees (1)

Signals

Solid equityGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2018		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	-16,2 k €	-13.5%	-14,2 k €	+89.2%	-132,4 k €	-185%	155 k €	+1038%	13,6 k €	-34.0%	20,6 k €	-45.9%	38,1 k €	+12.2%	34 k €	-1.9%	34,6 k €	-16.4%	41,4 k €	-0.4%	41,6 k €	-0.1%	41,7 k €	+28.3%	32,5 k €
EBITDA	-56,4 k €	+9.5%	-62,3 k €	+65.0%	-178,1 k €	-224%	143,9 k €	+1416%	9,5 k €	-53.2%	20,3 k €	-33.1%	30,4 k €	+2.8%	29,5 k €	+2.6%	28,8 k €	-22.0%	36,9 k €	-1.4%	37,4 k €	-0.3%	37,5 k €	+23.3%	30,4 k €
Operating result	-93,1 k €	+6.0%	-99,1 k €	+52.1%	-206,7 k €	-262%	127,6 k €	+560%	-27,7 k €	-447%	8 k €	-55.7%	18 k €	+4.7%	17,2 k €	+648%	2,3 k €	-74.7%	9,1 k €	+11.4%	8,2 k €	-16.1%	9,8 k €	+5767%	-172,1 €
Net result	-94,9 k €	+49.5%	-187,7 k €	+6.4%	-200,5 k €	-450%	57,3 k €	+168%	21,4 k €	+766%	-3,2 k €	-142%	7,6 k €	-56.6%	17,6 k €	+321%	-8 k €	-335%	-1,8 k €	+34.6%	-2,8 k €	-11.6%	-2,5 k €	+80.8%	-13,1 k €
Balance sheet
Equity	5,9 M €	-1.6%	5,9 M €	-3.1%	6,1 M €	-3.2%	6,3 M €	+2.6%	6,2 M €	+49330%	12,5 k €	-20.4%	15,7 k €	+95.0%	8,1 k €	+184%	-9,6 k €	-493%	-1,6 k €	-842%	217,4 €	-92.8%	3 k €	-45.4%	5,5 k €
Total assets	18,2 M €	+9.6%	16,6 M €	+4.7%	15,9 M €	-0.9%	16 M €	+59.6%	10 M €	+4771%	205,8 k €	-3.8%	213,9 k €	-7.4%	230,9 k €	-2.6%	237,2 k €	-12.8%	271,9 k €	-6.9%	292,2 k €	-2.5%	299,8 k €	-5.1%	315,9 k €
Cash	9,5 k €	+171%	3,5 k €	-47.4%	6,7 k €	-88.7%	59,1 k €	-28.0%	82 k €	+1387%	5,5 k €	+320%	1,3 k €	-78.3%	6 k €		–		6,3 k €	+31.2%	4,8 k €	+72.9%	2,8 k €	+141341%	2 €
Debts	12,3 M €	+15.8%	10,6 M €	+9.5%	9,7 M €	+0.6%	9,7 M €	+151%	3,8 M €	+1889%	193,3 k €	-2.5%	198,2 k €	-11.1%	222,9 k €	-9.7%	246,8 k €	-9.8%	273,5 k €	-6.3%	291,9 k €	-1.6%	296,7 k €	-4.4%	310,3 k €
Other
Workforce	–		–		1,0 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 30/06/2025 · 1 active · 5 ended

Active mandates

Hugues MULLIEZ

Director · since 07 février 2022

Active

Ended mandates

HUGHES MULLIEZ

Manager · since 21 mai 2007

Ended

Hugues MULLIEZ

Director · since 21 mai 2007

Ended

Hugues MULLIEZ

Manager · since 21 mai 2007

Ended

Delphine Birkett

Manager

Ended

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	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/02/2026	27/02/2025	06/02/2024	24/02/2023	07/02/2022	29/01/2021
General meeting	22/01/2026	13/12/2024	08/12/2023	09/12/2022	10/12/2021	11/12/2020
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	22/01/2026	25/02/2026	French	PDF
Abridged model	30/06/2024	13/12/2024	27/02/2025	French	PDF
Abridged model	30/06/2023	08/12/2023	06/02/2024	French	PDF
Abridged model	30/06/2022	09/12/2022	24/02/2023	French	PDF
Abridged model	30/06/2021	10/12/2021	07/02/2022	French	PDF
Abridged model	30/06/2020	11/12/2020	29/01/2021	French	PDF
Abridged model	30/06/2019	13/12/2019	16/12/2019	French	PDF
Abridged model	30/06/2018	14/12/2018	31/01/2019	French	PDF
Abridged model	30/06/2017	08/12/2017	18/12/2017	French	PDF
Abridged model	30/06/2016	09/12/2016	18/01/2017	French	PDF
Abridged model	30/06/2015	11/12/2015	29/12/2015	French	PDF
Abridged model	30/06/2014	12/12/2014	08/01/2015	French	PDF
Abridged model	30/06/2013	13/12/2013	18/12/2013	French	PDF
Abridged model	30/06/2012	14/12/2012	21/12/2012	French	PDF
Abridged model	30/06/2011	09/12/2011	20/01/2012	French	PDF
Abridged model	30/06/2010	10/12/2010	16/02/2011	French	PDF
Abridged model	30/06/2009	11/12/2009	26/02/2010	French	PDF
Abridged model	30/06/2008	12/12/2008	23/02/2009	French	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 30/06/2025 · 1 active · 5 ended

Active mandates

Hugues MULLIEZ

Director · since 07 février 2022

Active

Ended mandates

HUGHES MULLIEZ

Manager · since 21 mai 2007

Ended

Hugues MULLIEZ

Director · since 21 mai 2007

Ended

Hugues MULLIEZ

Manager · since 21 mai 2007

Ended

Delphine Birkett

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/02/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares13/10/2016
CAPITAL, ACTIONS
PDF
Mandates27/07/2016
DEMISSIONS, NOMINATIONS
PDF
Other01/06/2007
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 2025-94,9 k €↑
2024
Annual accounts 2024-187,7 k €↑
2023
Annual accounts 2023-200,5 k €↓
2022
Annual accounts 202257,3 k €↑
2018
Annual accounts 201821,4 k €↑
2015
Annual accounts 2015-3,2 k €↓
2014
Annual accounts 20147,6 k €↓
2013
Annual accounts 201317,6 k €↑
2012
Annual accounts 2012-8 k €↓
2011
Annual accounts 2011-1,8 k €↑
2010
Annual accounts 2010-2,8 k €↓
2009
Annual accounts 2009-2,5 k €↑
2008
Annual accounts 2008-13,1 k €
21/05/2007
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

CARAT

Overview

What does CARAT do?

Trend over 13 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