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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Shrinking team NBB
FTE fell two years in a row, from 10.7 to 8.5.
Financials
Financial year 2025
CARI from Ottignies-Louvain-la-Neuve, company number BE0424644620, closed financial year 2025 with a result of € 13,081 after tax. For that financial year CARI recorded a gross margin of € 594,168 and equity of € 288,598. Compared with financial year 2024, the result moved from € -5,000 to € 13,081. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 19, 2026.
€ 288,598
▲ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,081
▲ still € 5,000 loss in 2024
Profit after tax over the fiscal year.
€ 277,859
▲ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
8.5
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 556,379
▼ 9% vs 2024
€ 65,500 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.
€ 4,817
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 40,137
▲ 129% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 70,571
▼ 22% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 597,670 | € 616,667 | € 640,822 | € 594,168 | ▼ 7% |
| Profit after taxes | € -46,327 | € -100,727 | € -5,000 | € 13,081 | ▲ € 18,081 |
| Equity | € 404,107 | € 300,203 | € 282,027 | € 288,598 | ▲ 2% |
| Total debts | € 206,893 | € 183,007 | € 120,612 | € 127,218 | ▲ 5% |
| Cash | € 291,251 | € 229,939 | € 206,990 | € 277,859 | ▲ 34% |
| Retained profit | € 345,357 | € 244,629 | € 239,630 | € 252,711 | ▲ 5% |
| Bank debt | € 178 | € 189 | € 113 | € 0 | ▼ 100% |
| Balance sheet total | € 611,000 | € 483,210 | € 402,639 | € 415,816 | ▲ 3% |
| Employees (FTE) | 10.8 | 10.7 | 10.1 | 8.5 | ▼ 1.6 |
Key figures of CARI, 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 CARI?
What happened at CARI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 13,081. Source: NBB ↗
- Emmanuel Haubruge became a director. NBB
- Frédérick Bierlier became a director. NBB
- Pierre Vanderdonck became a director. NBB
- Olivier Devalckeneer became a director. NBB
- Olivier Dupuis became a director. NBB
- Patrick Dumont became a director. NBB
- New establishment in Ottignies-Louvain-la-Neuve. KBO
In short
From € 46,327 loss in 2022 to € 13,081 profit in 2025.
Paid € 318 in corporate taxes since 2022.
Best year ever: 2025, with € 13,081 profit.
On average € 69,900 of value added per employee in 2025.
Management
Behind CARI are Carine Massaux, Olivier Devalckeneer, Olivier Dupuis, Emmanuel Haubruge, Patrick Dumont and Frédérick Bierlier.
Directors
According to the 2025 annual accounts
Carine Massaux
Director
Olivier Devalckeneer
Managing director
since 2025
Olivier Dupuis
Trésorier
since 2025
Emmanuel Haubruge
Chairman of the board
since 2026
Patrick Dumont
Director
since 2024
Frédérick Bierlier
Vice-chairman of the board
since 2026
since 2026
Jean-Robert Deliège
Secrétaire
Establishments
Establishment units
Physical locations of this company
Croix du Sud 1 box L7.4
1348 Ottignies-Louvain-la-Neuve
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0424.644.620
- VAT number
- BE 0424.644.620
- Registered office
- Croix du Sud 1 bus L7.4, 1348 Ottignies-Louvain-la-Neuve
- Names & denominations
- CARI
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 24 June 1983
- Peppol
- Active · Active since 30 May 2025
- Activities · NACE
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied