DE KAREEL
ActiveDE KAREEL has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €43k and a net result of €-33k. Equity is shrinking by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 34% of 2268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency6▼-2
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.32 in 2024), and 90.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sector 93
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
9.4%
Return on assets
-7.1%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€33k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
19 d late
2023
1 d early
2022
22 d late
2021
3 d early
2020
3 d early
2019
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€43k▼ 43.2%
2024 · €76k
2018: €192k
2019: €173k
2020: €126k
2021: €96k
2022: €101k
2023: €89k
2024: €76k
2018 → 2025
Total assets
€459k▼ 23.6%
2024 · €601k
2018: €916k
2019: €1.04M
2020: €939k
2021: €877k
2022: €776k
2023: €708k
2024: €601k
2018 → 2025
Net result
€-33k▼ 140%
2024 · €-14k
2018: €-3k
2019: €-19k
2020: €-47k
2021: €-30k
2022: €5k
2023: €-11k
2024: €-14k
2018 → 2025
Working capital
€-127k▲ 16.6%
2024 · €-152k
2018: €-190k
2019: €-216k
2020: €-243k
2021: €-192k
2022: €-167k
2023: €-170k
2024: €-152k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€96k-€101k▲ 5.0%€89k▼ 11.3%€76k▼ 15.2%€43k▼ 43.2%
Operating result€-9k-€19k€955▼ 95.0%€-1k€-22k▼ 2,046%
Net result€-30k-€5k€-11k€-14k▼ 19.8%€-33k▼ 140%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €22k in 2025 against €1k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €459k
Fixed assets
€422k▼ 20.4%
Current assets
€37k▼ 47.3%
Equity and liabilities €459k
Equity
€43k▼ 43.2%
Debt
€416k▼ 20.8%
The debt ratio rises from 87.4% to 90.6%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€93k▼
2024 · €113k
Cash flow
€83k▼
2024 · €101k
Solvency
9.4%▼
2024 · 12.6%
Current ratio
0.23▼
2024 · 0.32
Quick ratio
0.19▼
2024 · 0.30
Debt / equity
9.69▲
2024 · 6.95
ROE
-76.1%▼
2024 · -18.0%
ROA
-7.1%▼
2024 · -2.3%
Interest coverage
8.51▼
2024 · 8.99
Debt
€416k▼
2024 · €525k
Debt ≤ 1 year
€164k▼
2024 · €223k
Debt > 1 year
€248k▼
2024 · €299k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€601k€459k▼
Fixed assets21/28€530k€422k▼
Tangible fixed assets22/27€530k€422k▼
Land and buildings22€491k€383k▼
Plant, machinery and equipment23€33k€35k▲
Furniture and vehicles24€6k€5k▼
Current assets29/58€70k€37k▼
Stocks and contracts in progress3€4k€6k▲
Stocks30/36€4k€6k▲
Amounts receivable within one year40/41€15k€16k▲
Trade receivables40€5k€6k▲
Other amounts receivable41€10k€10k▲
Cash at bank and in hand54/58€48k€15k▼
Deferred charges and accrued income490/1€3k€481▼
Equity and liabilities
Total equity and liabilities10/49€601k€459k▼
Equity10/15€76k€43k▼
Contributions10/11€200k€200k=
Reserves13€11k€11k=
Tax-exempt reserves132€91€91=
Distributable reserves133€11k€11k=
Profit (loss) carried forward14€-135k€-168k▼
Amounts payable17/49€525k€416k▼
Amounts payable after more than one year17€299k€248k▼
Financial debts170/4€299k€248k▼
Amounts payable within one year42/48€223k€164k▼
Current portion of amounts payable after more than one year42€77k€53k▼
Trade debts44€1k€3k▲
Suppliers440/4€1k€3k▲
Taxes, remuneration and social security45€9k€8k▼
Taxes450/3€9k€6k▼
Remuneration and social security454/9-€1k
Other amounts payable47/48€136k€101k▼
Accrued charges and deferred income492/3€3k€3k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€114k€115k▲
Other operating charges640/8€5k€5k▼
Gross operating margin9900€118k€98k▼
Operating profit (loss)9901€-1k€-22k▼
Financial income75/76B€47€682▲
Recurring financial income75€47€682▲
Financial charges65/66B€13k€11k▼
Recurring financial charges65€13k€11k▼
Profit (loss) for the period before taxes9903€-14k€-33k▼
Profit (loss) for the period9904€-14k€-33k▼
Profit (loss) for the period to be appropriated9905€-14k€-33k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-135k€-168k▼
Profit (loss) brought forward from the previous period14P€-122k€-135k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
19-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 19 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Back to profitnet €5k
Net result €5k after 4 loss-making years.
31-12
Financial
Equity above €100kEq €101k ▲5%
Equity rises from €96k to €101k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-47k
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
23-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
08-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 8 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Asse · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kouter 291730 AsseGround area
1.6 ha
Building footprint
452 m²
Volume, LiDAR
309 m³
Parcel 23053A1034/00M000, Flanders · tallest building 3.3 m. Linked by address, not a title deed.
1 establishment unit
SPORTOASE DE KAREEL
since 20152.242.102.144
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23053A1034/00M000 | Flanders | 1.6 ha | 1 · 452 m² | 3.3 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CHAPHI
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SABOT-T
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ALS FITWELL
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TAL MILSTEIN EQUESTRIAN
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Of 3,290 companies in sector 93110 we hold annual accounts for 1,492. 953 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-01-2015
Fiscal year end31-12
Activities, NACEBEL
93110Operation of sports facilities
56309Food and beverage service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.