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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
CARECO from Hasselt, company number BE0884940502, closed financial year 2025 with a result of € -47,684 after tax. For that financial year CARECO recorded a gross margin of € 9,179 and equity of € -51,592. Compared with financial year 2024, the result moved from € -17,037 to € -47,684. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 12, 2025.
€ -51,592
▼ € 47,684 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -47,684
▼ 180 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,785
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -281,592.
Debts at end 2025
€ 125,421
▼ 17% vs 2024
€ 25,162 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 216,529
▲ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -4,202 | € 27,425 | € 26,643 | € 9,179 | ▼ 66% |
| Profit after taxes | € -66,203 | € -27,944 | € -17,037 | € -47,684 | ▼ € 30,647 |
| Equity | € 41,074 | € 13,130 | € -3,908 | € -51,592 | ▼ € 47,684 |
| Total debts | € 388,911 | € 356,780 | € 374,851 | € 413,976 | ▲ 10% |
| Cash | € 10,358 | € 40,926 | € 14,112 | € 4,785 | ▼ 66% |
| Land & buildings | € 231,380 | € 174,347 | € 117,314 | € 60,281 | ▼ 49% |
| Retained profit | € -188,926 | € -216,870 | € -233,908 | € -281,592 | ▼ € 47,684 |
| Bank debt | € 227,236 | € 174,621 | € 150,208 | € 125,421 | ▼ 17% |
| Balance sheet total | € 429,985 | € 369,910 | € 370,944 | € 362,385 | ▼ 2% |
Key figures of CARECO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to CARECO?
What happened at CARECO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 47,684. Source: NBB ↗
- New establishment in Hasselt. KBO
- Start of the company according to the CBE. KBO
In short
From € 66,203 loss in 2022 to € 47,684 loss in 2025.
Management
Behind CARECO is Erwin Elen. Erwin Elen is also behind IMMO ECONSTRUCT.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Herdersstraat 1A
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0884.940.502
- VAT number
- BE 0884.940.502
- Registered office
- Herdersstraat 1A, 3500 Hasselt
- Names & denominations
- CARECO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 13 November 2006
- Peppol
- Active · Active since 30 Aug 2023
- Activities · NACE
Overige zakelijke dienstverlening, neg
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)