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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Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Cartule from Couvin, company number BE0654987451, closed financial year 2025 with a result of € 11,766 after tax. For that financial year Cartule recorded a gross margin of € 39,641 and equity of € 85,963. Compared with financial year 2024, the result moved from € -18,298 to € 11,766. 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 August 13, 2026.
€ 85,963
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 11,766
▲ still € 18,298 loss in 2024
Profit after tax over the fiscal year.
€ 2,700
▼ 87% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 73,563.
People and assets in 2025
€ 3,874
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 260,541
▼ 18% vs 2024
€ 36,226 is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 2,675
▼ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 41,490 | € 32,896 | € 31,237 | € 39,641 | ▲ 27% |
| Profit after taxes | € 18,324 | € 14,255 | € -18,298 | € 11,766 | ▲ € 30,065 |
| Equity | € 78,240 | € 92,495 | € 74,197 | € 85,963 | ▲ 16% |
| Total debts | € 114,785 | € 98,742 | € 394,656 | € 456,501 | ▲ 16% |
| Cash | € 976 | € 9,770 | € 21,401 | € 2,700 | ▼ 87% |
| Land & buildings | € 189,468 | € 179,184 | € 429,440 | € 411,987 | ▼ 4% |
| Retained profit | € 65,840 | € 80,095 | € 61,797 | € 73,563 | ▲ 19% |
| Bank debt | € 57,834 | € 43,277 | € 318,351 | € 260,541 | ▼ 18% |
| Balance sheet total | € 193,025 | € 191,237 | € 468,853 | € 542,464 | ▲ 16% |
Key figures of Cartule, 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 Cartule?
What happened at Cartule in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 11,766. filed late Source: NBB ↗
- Vincent Lebec became a director. NBB
- New establishment in Couvin. KBO
- Start of the company according to the CBE. KBO
In short
From € 18,324 profit in 2022 to € 11,766 profit in 2025.
Paid € 11,409 in corporate taxes since 2022.
Best year ever: 2022, with € 18,324 profit.
Management
Behind Cartule is Vincent Lebec. Vincent Lebec is also behind APICAL - CDL.
Directors
According to the 2025 annual accounts
since 2023
Establishments
Establishment units
Physical locations of this company
Rue Marcel-Moreau 43
5660 Couvin
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
- 0654.987.451
- VAT number
- BE 0654.987.451
- Registered office
- Rue Marcel-Moreau 43, 5660 Couvin
- Names & denominations
- Cartule
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 May 2016
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Handelsbemiddeling in de groothandel in voedings- en genotmiddelen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen