F-KARTAL
ActiveF-KARTAL has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-44k) and a net result of €-2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 18035 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
8
/ 100
Critical▲ +1 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability23▼-77
Solvency33=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.4 against 0.39 in 2024), and equity is negative.
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
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
-127.5%
Return on assets
-5.8%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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 · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year -€44k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-02-2026, 12 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
12 d late
2024
4 d late
2023
on the day
2022
on the day
2021
8 d late
2020
17 d early
2019
32 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close16-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-44k▼ 4.8%
2024 · €-42k
2019: €11k
2020: €19k
2021: €12k
2022: €-11k
2023: €-22k
2024: €-42k
2019 → 2025
Total assets
€35k▲ 2.1%
2024 · €34k
2019: €19k
2020: €25k
2021: €15k
2022: €11k
2023: €29k
2024: €34k
2019 → 2025
Net result
€-2k▲ 90.1%
2024 · €-20k
2019: €-3k
2020: €8k
2021: €-8k
2022: €-23k
2023: €-10k
2024: €-20k
2019 → 2025
Working capital
€-47k▼ 1.3%
2024 · €-46k
2019: €11k
2020: €19k
2021: €12k
2022: €-11k
2023: €-27k
2024: €-46k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€-11k€-22k▼ 89.6%€-42k▼ 94.2%€-44k▼ 4.8%
Operating result€-8k-€-24k▼ 222%€-10k▲ 58.7%€-20k▼ 101%€-2k▲ 91.0%
Net result€-8k-€-23k▼ 205%€-10k▲ 55.6%€-20k▼ 99.3%€-2k▲ 90.1%
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 €2k in 2025 against €20k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €35k
Fixed assets
€3k▼ 33.3%
Current assets
€32k▲ 7.1%
Key figures and ratios
EBITDA
€-418▲
2024 · €-19k
Cash flow
€-619▲
2024 · €-19k
Solvency
-127.5%▼
2024 · -124.2%
Current ratio
0.40▲
2024 · 0.39
Quick ratio
0.02▲
2024 · 0.02
Debt / equity
-1.78▲
2024 · -1.80
ROE
4.6%▼
2024 · 48.5%
ROA
-5.8%▲
2024 · -60.3%
Interest coverage
-2.09▲
2024 · -89.56
Debt
€79k▲
2024 · €76k
Debt ≤ 1 year
€79k▲
2024 · €76k
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€34k€35k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€4k€3k▼
Furniture and vehicles24€4k€3k▼
Current assets29/58€30k€32k▲
Stocks and contracts in progress3€28k€30k▲
Stocks30/36€28k€30k▲
Amounts receivable within one year40/41€875€175▼
Trade receivables40-€175
Other amounts receivable41€875-
Current investments50/53-€103
Cash at bank and in hand54/58€541€1k▲
Deferred charges and accrued income490/1-€213
Equity and liabilities
Total equity and liabilities10/49€34k€35k▲
Equity10/15€-42k€-44k▼
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Profit (loss) carried forward14€-50k€-52k▼
Amounts payable17/49€76k€79k▲
Amounts payable within one year42/48€76k€79k▲
Trade debts44€34k€37k▲
Suppliers440/4€34k€37k▲
Other amounts payable47/48€42k€41k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€2k€3k▲
Gross operating margin9900€-16k€3k▲
Operating profit (loss)9901€-20k€-2k▲
Financial charges65/66B€210€200▼
Recurring financial charges65€210€200▼
Profit (loss) for the period before taxes9903€-20k€-2k▲
Profit (loss) for the period9904€-20k€-2k▲
Profit (loss) for the period to be appropriated9905€-20k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-50k€-52k▼
Profit (loss) brought forward from the previous period14P€-30k€-50k▼
The notes to these accounts (3 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
12-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 12 days late
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series; recovery starts the following year.
08-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2021
14-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Back to profitnet €8k
Net result €8k after one loss-making year.
03-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
26-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 177 days late
2015
06-03
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 34 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Gent · 1 establishment unit since 2012
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.
Sleepstraat 989000 GentGround area
68 m²
Building footprint
64 m²
Volume, LiDAR
687 m³
Parcel 44021A2160/00H000, Flanders · tallest building 14.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Sleepstraat 98, 9000 Gent
since 20122.212.300.180
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A2160/00H000 | Flanders | 68 m² | 1 · 64 m² | 14.2 m · 4 fl. |
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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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BEECIVAN
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Of 1,043 companies in sector 47559 we hold annual accounts for 346. 204 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-09-2012
Fiscal year end30-06
Activities, NACEBEL
47559Retail sale of other household articles
47599Retail trade
46711Wholesale of cars and light vans (up to 3.5 tonnes)
45112
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46180Agents specialised in the wholesale of other particular products
52210Service activities incidental to land transportation
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.