What does CARMEL INVEST do?

CARMEL INVEST is a property company in Oudenaarde. Public Limited, started on 18 April 1991, 1 establishment.

What is the address of CARMEL INVEST?

The registered office of CARMEL INVEST is located at Ambachtsstraat 8, 9700 Oudenaarde.

Is CARMEL INVEST still active?

Yes. According to the CBE (29 October 2026) CARMEL INVEST is active, legal situation “Normale toestand”, started on 18 April 1991.

Is CARMEL INVEST registered on Peppol?

Yes, CARMEL INVEST is registered on the Peppol network with ID 0208:0443936633.

What is the enterprise number of CARMEL INVEST?

The enterprise number of CARMEL INVEST is BE0443936633.

When was CARMEL INVEST founded?

CARMEL INVEST was founded on 18 April 1991.

Who are the directors of CARMEL INVEST?

According to the 2025 annual accounts, the directors of CARMEL INVEST are: FRAEYE INVEST BV, PINOR INVEST NV.

Is CARMEL INVEST a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 18 April 1991; 3 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did CARMEL INVEST make in 2025?

CARMEL INVEST posted a profit after taxes of € 413,708 in financial year 2025.

What is the revenue of CARMEL INVEST?

As a small company, CARMEL INVEST is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 731,718.

CARMEL INVEST (Public Limited) - Oudenaarde

Dossier CARMEL INVEST, printed on 29 October 2026 from databakkes.be/en/0443936633/carmel-invest. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 17 % of short-term debt in 2025; threshold 65 %.
Busy address KBO

10 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

CARMEL INVEST from Oudenaarde, company number BE0443936633, closed financial year 2025 with a result of € 413,708 after tax. For that financial year CARMEL INVEST recorded a gross margin of € 731,718 and equity of € 2.1 million. Compared with financial year 2024, the result moved from € 465,764 to € 413,708. The company is profitable. 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 16, 2026.

What it is worth Growing

€ 2.1 million

▲ 25% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 413,708

▼ 11% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 23,737

▲ 73% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 1.4 million.

Debts at end 2025

Bank debt ≈ 2 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 1.1 million

▼ 24% vs 2024

€ 443,460 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 17,116

▲ 178% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 74,221

▼ 11% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 780,536 Gross margin 2023: € 780,536 First fiscal year in the series	€ 803,923 Gross margin 2024: € 803,923 ▲ 3% vs 2023 (€ 780,536) Favourable step	€ 731,718 Gross margin 2025: € 731,718 ▼ 9% vs 2024 (€ 803,923) Unfavourable step	▼ 9%
Profit after taxes	€ 455,049 Profit after taxes 2023: € 455,049 First fiscal year in the series	€ 465,764 Profit after taxes 2024: € 465,764 ▲ 2% vs 2023 (€ 455,049) Favourable step	€ 413,708 Profit after taxes 2025: € 413,708 ▼ 11% vs 2024 (€ 465,764) Unfavourable step	▼ 11%
Equity	€ 1,201,261 Equity 2023: € 1,201,261 First fiscal year in the series	€ 1,667,025 Equity 2024: € 1,667,025 ▲ 39% vs 2023 (€ 1,201,261) Favourable step	€ 2,080,733 Equity 2025: € 2,080,733 ▲ 25% vs 2024 (€ 1,667,025) Favourable step	▲ 25%
Total debts	€ 1,847,338 Total debts 2023: € 1,847,338 First fiscal year in the series	€ 1,516,421 Total debts 2024: € 1,516,421 ▼ 18% vs 2023 (€ 1,847,338) Favourable step	€ 1,174,912 Total debts 2025: € 1,174,912 ▼ 23% vs 2024 (€ 1,516,421) Favourable step	▼ 23%
Cash	€ 130,992 Cash 2023: € 130,992 First fiscal year in the series	€ 13,735 Cash 2024: € 13,735 ▼ 90% vs 2023 (€ 130,992) Unfavourable step	€ 23,737 Cash 2025: € 23,737 ▲ 73% vs 2024 (€ 13,735) Favourable step	▲ 73%
Land & buildings	€ 2,473,625 Land & buildings 2023: € 2,473,625 First fiscal year in the series	€ 2,390,601 Land & buildings 2024: € 2,390,601 ▼ 3% vs 2023 (€ 2,473,625) Unchanged	€ 2,307,615 Land & buildings 2025: € 2,307,615 ▼ 3% vs 2024 (€ 2,390,601) Unchanged	▼ 3%
Retained profit	€ 480,906 Retained profit 2023: € 480,906 First fiscal year in the series	€ 946,670 Retained profit 2024: € 946,670 ▲ 97% vs 2023 (€ 480,906) Favourable step	€ 1,360,378 Retained profit 2025: € 1,360,378 ▲ 44% vs 2024 (€ 946,670) Favourable step	▲ 44%
Bank debt	€ 1,799,312 Bank debt 2023: € 1,799,312 First fiscal year in the series	€ 1,418,404 Bank debt 2024: € 1,418,404 ▼ 21% vs 2023 (€ 1,799,312) Favourable step	€ 1,081,232 Bank debt 2025: € 1,081,232 ▼ 24% vs 2024 (€ 1,418,404) Favourable step	▼ 24%
Balance sheet total	€ 3,048,599 Balance sheet total 2023: € 3,048,599 First fiscal year in the series	€ 3,183,446 Balance sheet total 2024: € 3,183,446 ▲ 4% vs 2023 (€ 3,048,599) Unchanged	€ 3,255,645 Balance sheet total 2025: € 3,255,645 ▲ 2% vs 2024 (€ 3,183,446) Unchanged	▲ 2%

Key figures of CARMEL INVEST, fiscal years 2023 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 CARMEL INVEST?

What happened at CARMEL INVEST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2027 FRAEYE INVEST BV stepped down as director. NBB
2027 PINOR INVEST NV stepped down as director. NBB
Jun 16, 2026 New annual accounts for financial year 2025: profit of € 413,708 (▼ 11% vs 2024). Source: NBB ↗
2022 FRAEYE INVEST BV became a director. NBB
2022 PINOR INVEST NV became a director. NBB
Jun 26, 1991 New establishment in Oudenaarde. KBO
Apr 18, 1991 Start of the company according to the CBE. KBO

In short

From € 455,049 profit in 2023 to € 413,708 profit in 2025.

Paid € 445,943 in corporate taxes since 2023.

Best year ever: 2024, with € 465,764 profit.

Original PDFs at the National Bank ↗

Management

FRAEYE INVEST 50%

PINOR INVEST 50%

The stake of FRAEYE INVEST, PINOR INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

CARMEL INVEST

Happy Waregem 100%

The shares are held by FRAEYE INVEST (50%) and PINOR INVEST (50%). It owns 100% of Happy Waregem itself.

Directors

According to the 2025 annual accounts

FRAEYE INVEST BV

Managing director · represented by Fraeye Mike

since 2022 · until 2027

PINOR INVEST NV

Chairman of the board · represented by Norga Pieter

Also active at: VOISINS

since 2022 · until 2027

Shareholders

FRAEYE INVEST

50%

PINOR INVEST

50%

Participations

Happy Waregem

100%

Establishments

Establishment units

Physical locations of this company

Registered office

Ambachtsstraat 8

9700 Oudenaarde

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.

All companies at this address →

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Details

Company number: 0443.936.633
VAT number: BE 0443.936.633
Registered office: Ambachtsstraat 8, 9700 Oudenaarde
Names & denominations: CARMEL INVEST
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 18 April 1991
Peppol: Active · Active since 14 Jan 2025
Activities · NACE: Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen

View on CBE Public ↗ Annual accounts (NBB) ↗