Equity
€1.2m ▼ 7.9%
Karste Services paid out €46,000 in dividends in a year with a loss of €59,989.
Karste Services
Lifetime
19 annual accounts with figures on one time axis, 28 filings since 1998peak €800,424 (2024)
€178,910▼ 77.6%
lowest -€163,779 (2012)
-€59,989▼ €436,100
peak €1.3m (2024)
€1.2m▼ 7.9%
€99,187▼ 62.3%
peak 1 FTE (2012)
-not published
Board2 names since 2022
2 directorsBraeckmans Karen and 1 other
Documentsfilings and deeds
23-02-20265 days before the deadline
2025micro format
Gross margin from €800,424 to €178,910Loss of €59,989Dividend €46,000Debts from €263,380 to €99,187Cash from €182,217 to €47,784
Key points
from the 2025 annual accountsResult
-€59,989 -€59,989
From profit to loss in 2025, after a profit of €376,111 in 2024.
Investments
€6,468 0.0 × depreciation
Green is investment, beige is depreciation.
Liquidity
10.41 was 4.26 in 2024
Short-term debts fell from €263,380 to €99,187.
Filings
28 annual accounts since 1998
The last five annual accounts were filed 0 to 71 days before the end of the period.
Position in the sector
-€59,989
Lower net result than 95% of companies in head offices and management consultancy. Sector median €27,138 · 39,380 companies.
Checked score
93
Excellent
Financially stronger than 47% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: 0.1%▲ +0.1 percentage points vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Loss of €59,989 (financial year 2025)
Liquidity: current ratio 10.41, cash €47,784, halved
lowers risk
Size: total assets €1.6m
Sector: Activities of head offices; management consultancy activities (NACE 70)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro). It does better than 86% of them on solvency, 43% on liquidity, 29% on profitability and 30% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-07-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as Karste Services has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Karste Services itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 8,617 companies, not a prediction for Karste Services. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €110,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 10.41 (4.26 in 2024), above the usual 1.5. Short-term debt is 6.2% and cash 3% of total assets. 22.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 23-02-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 days early
2024
71 days early
2023
8 days early
2022
1 day early
2021
on the day
2020
9 days early
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 18 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 31-07-2026 is due by 28-02-2027. Nothing is late today. The company usually files around 23 February (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
31-07-2026 year end10-11-2026 today28-02-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0462750277
Merger: BIGNON DE KEYSER takes over KARSTE
Company renamed from BIGNON DE KEYSER to Karste Services · “De vennootschap heeft tot voorwerp het verlenen van advies en managementdiensten in de meest ruime zin van het…” (deed in Dutch) · The company holds all the shares of KARSTE · General meeting of 04-11-2021 · Gazette deed
Merger proposal: BIGNON DE KEYSER takes over KARSTE
Gazette deed
First establishment
Louizalaan 231, Ixelles
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Karste Services Antwerp | €1.6m | €178,910 | 77.5% | - |
| PROOST - TUYTELAARS Malle | €1.8m | €175,199 | 24.6% | - |
| GO-FIT Puurs-Sint-Amands | €1.7m | €168,947 | 17.3% | - |
| W.P.S. Schilde | €1.9m | €169,386 | 39.7% | - |
| ABA Antwerp | €1.5m | €159,441 | 48.1% | - |
| IMPALA Duffel | €1.4m | €165,012 | 73.8% | 0 |
| Blanstafnazaat Antwerp | €1.7m | €183,011 | -50.8% | - |
These companies have the same main activity as Karste Services: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1.4m and €1.9m, founded between 1994 and 2000.
Official details
Source: KBO- Status
- Active since 24-02-1998Normal situation
- Activity
- Business and other management consultancyNACE 70200and 2 others
- Establishment unit
- 2.182.696.3741050 Ixelles, since 27-10-2009
- Financial year end
- 31 July
- Peppol
- Reachable since 30-06-2025
Annual accounts to 31-07-2025
- ≈ €300,000estimated
- €1.6m▼ 14.5%
- Filing
- Filed on 23-02-2026, 5 days before the end of the filing period
Insights on Karste Services
Karste Services files the micro format. That format states no turnover. The gross margin rose from -€8,457 in 2007 to €178,910 in 2025.
The balance sheet grew most from 2009 to 2011 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Karste Services
- What is the company number of Karste Services?
- The company number of Karste Services is 0462.750.277. The VAT number is the same number with BE in front: BE 0462.750.277.
- Where is Karste Services based?
- The registered office is at Kastanjelaan 6, 2020 Antwerp.Company details
- What does Karste Services do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of Karste Services?
- Karste Services is a private limited company (BV).
- When was Karste Services founded?
- Karste Services was founded on 24-02-1998.
- Is Karste Services still active?
- Yes, Karste Services is an active enterprise in the KBO register.
- What is the turnover of Karste Services?
- The turnover in financial year 2025 is ≈ €300,000. This figure is estimated from the gross margin of €178,910 and 109 comparable companies (NACE 70200). It probably lies between €260,000 and €360,000.Financials
- Is Karste Services profitable?
- In financial year 2025, Karste Services made a loss of €59,989.
- Where can I find the annual accounts of Karste Services?
- Karste Services filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Karste Services due?
- Karste Services must file the annual accounts for financial year 2026 by 28-02-2027.Timeline
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