Warning lights
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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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 46 % of short-term debt in 2023; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 21.1 to 16.3.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
CARODEC from Oudergem, company number BE0419955758, closed financial year 2023 with a result of € -294,725 after tax. For that financial year CARODEC recorded a gross margin of € 824,016 and equity of € 15,055. Compared with financial year 2022, the result moved from € -158,613 to € -294,725. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 30, 2024.
€ 15,055
▲ € 155,275 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -294,725
▼ 86 % more loss than in 2022
Profit after tax over the fiscal year.
€ 32,840
▼ 55% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -815,145.
People and assets in 2023
16.3
▼ 2.1 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 1 million
▼ 15% vs 2022
€ 61,500 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.
€ 21,432
▼ 55% vs 2022
Of which on lease € 15,550.
Debts at end 2023
€ 947,955
▼ 5% vs 2022
€ 96,987 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 821,371
▲ 21% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 170,049
▲ 14% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 1,323,587 | € 1,191,209 | € 824,016 | ▼ 31% |
| Profit after taxes | € -25,898 | € -158,613 | € -294,725 | ▼ € 136,111 |
| Equity | € 18,193 | € -140,220 | € 15,055 | ▲ € 155,275 |
| Total debts | € 2,149,524 | € 2,002,646 | € 1,951,371 | ▼ 3% |
| Cash | € 79,323 | € 73,306 | € 32,840 | ▼ 55% |
| Land & buildings | € 63,617 | € 75,527 | € 64,119 | ▼ 15% |
| Retained profit | € -361,807 | € -520,420 | € -815,145 | ▼ € 294,725 |
| Bank debt | € 1,024,778 | € 1,002,550 | € 947,955 | ▼ 5% |
| Balance sheet total | € 2,167,718 | € 1,900,419 | € 1,966,427 | ▲ 3% |
| Employees (FTE) | 21.1 | 18.4 | 16.3 | ▼ 2.1 |
Key figures of CARODEC, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to CARODEC?
What happened at CARODEC in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
CARODEC is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 294,725. filed late Source: NBB ↗
- Charles-Antoine Kervyn De Volkaersbeke stepped down as director. NBB
- New establishment in Etterbeek. KBO
- Charles-Antoine Kervyn De Volkaersbeke became a director. NBB
- New establishment in Rixensart. KBO
- New establishment in Oudergem. KBO
- Start of the company according to the CBE. KBO
In short
From € 25,898 loss in 2021 to € 294,725 loss in 2023.
Paid € 1,161 in corporate taxes since 2021.
On average € 50,600 of value added per employee in 2023.
Management
The stake of BATI GROUPE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CARODECBehind CARODEC are Benoît De Dorlodot, BATIGROUPE and Marc Francotte. The shares are held by BATI GROUPE (100%).
Directors
According to the 2023 annual accounts
Director · represented by Gilles D'Oultremont
Also active at: ELICO, BatiTerre, SOCIETE DE PROMOTION IMMOBILIERE DURABLE ET ECOLOGIQUE
Marc Francotte
Director
Charles-Antoine Kervyn De Volkaersbeke
Managing director
Also active at: KERMANA, Belgische Beroepsvereniging van Handelaren in Bouwmaterialen
since 2017 · until 2023
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Waverse steenweg 1801
1160 Oudergem
Avenue Albert Ier 323
1332 Rixensart
Active since 15 February 2008
Linthoutstraat 176
1040 Etterbeek
Active since 28 August 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0419.955.758
- VAT number
- BE 0419.955.758
- Registered office
- Waverse steenweg 1801, 1160 Oudergem
- Names & denominations
- CARODEC
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Opening faillissement
- Start date
- 12 December 1979
- Peppol
- Not registered
- Activities · NACE
Groothandel in bouwmaterialen, algemeen assortiment
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Detailhandel in ijzerwaren, bouwmaterialen, verf en glas (algemeen assortiment)
Detailhandel in ijzerwaren, verf, bouwmaterialen en glas (inclusief doe-het-zelfzaken) met een verkoopsoppervlakte vanaf 400 m2.