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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Carfin from Ottignies-Louvain-la-Neuve, company number BE0407899747, closed financial year 2025 with a result of € 21.4 million after tax. For that financial year Carfin recorded revenue of € 300 and equity of € 293.6 million. Compared with financial year 2024, the result moved from € 13.2 million to € 21.4 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 18, 2026.
€ 293.6 million
▲ 119% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 21.4 million
▲ 62% vs 2024
Profit after tax over the fiscal year.
€ 108 million
▲ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 11.6 million paid out
54 % of the profit went to the shareholders, mostly to CALCIPAR (1991 2202 731) SA (100 % of the shares). That is where the money ends up.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 373,828
▼ 2% vs 2024
€ 186,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 8,725
▲ 39% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 745 million
▲ 181% vs 2024
Loans from banks and other lenders, long and short.
€ 600,591
▲ 73% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 256 days on average.
€ 3.6 million
▲ 92% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 2,260 | - | € 300 | |
| Profit after taxes | € 15,914,703 | € 11,958,676 | € 13,224,432 | € 21,389,275 | ▲ 62% |
| Equity | € 188,667,125 | € 170,625,801 | € 133,850,233 | € 293,639,508 | ▲ 119% |
| Total debts | € 269,870,630 | € 363,876,397 | € 317,731,282 | € 762,656,482 | ▲ 140% |
| Cash | € 32,755,414 | € 55,764,496 | € 106,753,227 | € 107,983,051 | ▲ 1% |
| Land & buildings | € 5,512,994 | € 10,895,466 | € 11,329,808 | € 12,692,319 | ▲ 12% |
| Retained profit | € 72,112,975 | € 54,071,651 | € 17,296,083 | € 27,085,357 | ▲ 57% |
| Dividend | € 0 | € 30,000,000 | € 50,000,000 | € 11,600,000 | ▼ 77% |
| Bank debt | € 264,791,935 | € 328,773,654 | € 264,973,771 | € 745,005,076 | ▲ 181% |
| Balance sheet total | € 458,564,018 | € 534,525,201 | € 452,392,477 | € 1,056,851,607 | ▲ 134% |
| Employees (FTE) | 1.8 | 2 | 2 | 2 |
Key figures of Carfin, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Carfin?
What happened at Carfin in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- DZH SRL stepped down as director. NBB
- Kaoris SRL stepped down as director. NBB
- SEDIAM SRL stepped down as director. NBB
- Kristel Verleyen stepped down as director. NBB
- Damien Gregoire stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 21.4 million (▲ 62% vs 2024). Source: NBB ↗
- DZH SRL became a director. NBB
- Kaoris SRL became a director. NBB
In short
From € 15.9 million profit in 2022 to € 21.4 million profit in 2025.
Paid € 19 million in corporate taxes since 2022.
Best year ever: 2025, with € 21.4 million profit.
Paid out € 91.6 million in dividends to the owners in total.
Management
The shares are held by CALCIPAR (1991 2202 731) SA (100%). It owns 100% of IMMOBILIERE ATHENA, 50% of IMMO SCLERMONT, 24% of MINERARIA SACILESE and 4.8% of CARMEUSE HOLDING itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Baron Rodolphe Collinet
Also active at: FAMELETTE PATRIMOINE – RURALITÉ
since 2025 · until 2028
Director · represented by Barbara Jonnart
Also active at: CARMEUSE RESEARCH AND TECHNOLOGY, CARMEUSE COORDINATION CENTER, Immobilière Athena, Carmeuse America, Carmeuse America Holding, Carmeuse Europe, Carmeuse Technologies, Carmeuse Europe Services +2 more
since 2025 · until 2028
Director · represented by Sébastien DOSSOGNE
Also active at: CARMEUSE RESEARCH AND TECHNOLOGY, Flowell International, CARMEUSE, CARMEUSE COORDINATION CENTER, BALINA, Carmeuse America, Carmeuse America Holding, Carmeuse Technologies +2 more
since 2025 · until 2028
since 2025 · until 2028
Damien Gregoire
Director
Also active at: ETUDES ET VALORISATION DES SITES, ALKEO, Nature, Forêt et Diversité
since 2025 · until 2028
Shareholders
CALCIPAR (1991 2202 731) SA
100%
Participations
Establishments
Establishment units
Physical locations of this company
Boulevard de Lauzelle 65
1348 Ottignies-Louvain-la-Neuve
Rue Schmerling 34
4000 Liège
Active since 1 October 1974
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →CARMEUSE RESEARCH AND TECHNOLOGY same network
€ 24.2 million revenue · 2025
ETUDES ET VALORISATION DES SITES same network
€ -8,441 gross margin · 2025
CARMEUSE COORDINATION CENTER same network
€ 83.1 million revenue · 2025
Carmeuse America same network
Carmeuse America Holding same network
+6 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0407.899.747
- VAT number
- BE 0407.899.747
- Registered office
- Boulevard de Lauzelle 65, 1348 Ottignies-Louvain-la-Neuve
- Names & denominations
- Carfin
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 December 1970
- Peppol
- Active · Active since 19 Nov 2025
- Activities · NACE
Overige activiteiten van geldscheppende financiële instellingen
Overige geldscheppende financiële instellingen
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