KAR-FROM
ActiveSummary
KAR-FROM has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €15,085 and a net result of €4,777. Equity is shrinking by ~2.8% per year across the filed fiscal years. Its solvency ranks better than 68% of 26040 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+66
Solvency79▲+31
Growth72▲+33
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.62 against 1.03 in 2023; short-term debt: 46% and cash: 5% of total assets), and 46% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Retail trade (NACE 47)
about 45% more bankruptcies
← 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 · 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 2024Solvency, return and age of the figures
Solvency
54%
Return on assets
17.1%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €15,085
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
42 d early
2023
23 d early
2022
25 d early
2021
24 d early
2020
36 d early
2019
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 27 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€307,000▲ 188%
2023 · €106,641
EBIT margin
1.6%▲ 3.5pp
2023 · -1.9%
Net result
€4,777
2023 · -€2,142
Working capital
€7,953▲ 759%
2023 · €926
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€115,199▲ 5.3%€107,388▼ 6.8%€120,340▲ 12.1%€106,641▼ 11.4%€307,000▲ 188%
Operating result-€11,883-€1,013▲ 91.5%€211-€2,031€4,837
Net result-€7,889▼ 103,427%€546€1,951▲ 257%-€2,142€4,777
EBIT margin-10.3%▼ 10.5pp-0.9%▲ 9.4pp0.2%▲ 1.1pp-1.9%▼ 2.1pp1.6%▲ 3.5pp
Equity€9,952▼ 44.2%€10,498▲ 5.5%€12,449▲ 18.6%€10,308▼ 17.2%€15,085▲ 46.3%
Total assets€18,530▲ 3.8%€23,351▲ 26.0%€36,994▲ 58.4%€44,604▲ 20.6%€27,916▼ 37.4%
Debt€8,578▲ 88,519%€12,853▲ 49.8%€24,545▲ 91.0%€34,297▲ 39.7%€12,831▼ 62.6%
Working capital€8,234▼ 47.5%€9,218▲ 11.9%€5,318▼ 42.3%€926▼ 82.6%€7,953▲ 759%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2024 Turnover +188% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4,837 after a loss of €2,031 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €27,916
Fixed assets
€7,131 ▼ 24.0%
Current assets
€20,784 ▼ 41.0%
Equity and liabilities €27,916
Equity
€15,085 ▲ 46.3%
Debt
€12,831 ▼ 62.6%
Debt's share of the balance-sheet total falls from 76.9% to 46.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
1.62▲
2023 · 1.03
Quick ratio
1.20▲
2023 · 0.51
Debt to equity
0.85▼
2023 · 3.33
ROE
31.7%▲
2023 · -20.8%
ROA
17.1%▲
2023 · -4.8%
Debt ≤ 1 year
€12,831▼
2023 · €34,297
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,324 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €115,199 | €107,388 | €120,340 | €106,641 | €307,000 | ▲ 188% |
| Non-recurring operating income76A | - | - | - | - | €2,750 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €107,893 | €119,619 | €107,630 | €304,861 | ▲ 183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €438 | €438 | €438 | €750 | - | - |
| Other operating charges640/8 | - | €71 | €72 | €292 | €52 | ▼ 82.3% |
| Gross operating margin9900 | -€6,110 | -€504 | €721 | -€989 | €4,889 | ▲ 594% |
| Operating profit (loss)9901 | -€11,883 | -€1,013 | €211 | -€2,031 | €4,837 | ▲ 338% |
| Financial income75/76B | - | €1,740 | €1,957 | - | - | - |
| Recurring financial income75 | - | €1,740 | €1,957 | - | - | - |
| Non-recurring financial income76B | - | €1,740 | - | - | - | - |
| Financial charges65/66B | - | €181 | €217 | €111 | €60 | ▼ 45.9% |
| Recurring financial charges65 | - | €181 | €217 | €111 | €60 | ▼ 45.9% |
| Profit (loss) for the period before taxes9903 | -€7,889 | €546 | €1,951 | -€2,142 | €4,777 | ▲ 323% |
| Profit (loss) for the period9904 | -€7,889 | €546 | €1,951 | -€2,142 | €4,777 | ▲ 323% |
| Profit (loss) for the period to be appropriated9905 | -€7,889 | €546 | €1,951 | -€2,142 | €4,777 | ▲ 323% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18,530 | €23,351 | €36,994 | €44,604 | €27,916 | ▼ 37.4% |
| Fixed assets21/28 | €1,718 | €1,281 | €7,131 | €9,381 | €7,131 | ▼ 24.0% |
| Tangible fixed assets22/27 | €875 | €438 | - | €2,250 | - | - |
| Furniture and vehicles24 | - | €438 | - | €2,250 | - | - |
| Financial fixed assets28 | €843 | €843 | €7,131 | €7,131 | €7,131 | = |
| Current assets29/58 | €16,812 | €22,070 | €29,863 | €35,223 | €20,784 | ▼ 41.0% |
| Stocks and contracts in progress3 | €9,620 | €8,870 | €7,020 | €17,870 | €5,370 | ▼ 69.9% |
| Stocks30/36 | - | €8,870 | €7,020 | €17,870 | €5,370 | ▼ 69.9% |
| Amounts receivable within one year40/41 | €6,140 | €8,722 | €10,655 | €15,941 | €14,015 | ▼ 12.1% |
| Other amounts receivable41 | - | €8,722 | €10,655 | €15,941 | €14,015 | ▼ 12.1% |
| Cash at bank and in hand54/58 | €1,052 | €4,478 | €11,127 | €1,412 | €1,399 | ▼ 0.9% |
| Deferred charges and accrued income490/1 | - | - | €1,061 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18,530 | €23,351 | €36,994 | €44,604 | €27,916 | ▼ 37.4% |
| Equity10/15 | €9,952 | €10,498 | €12,449 | €10,308 | €15,085 | ▲ 46.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | - | - | - | - |
| Issued capital100 | - | €18,600 | - | - | - | - |
| Reserves13 | €318 | €318 | €318 | €318 | €318 | = |
| Non-distributable reserves130/1 | - | €318 | €318 | €318 | €318 | = |
| Legal reserve130 | - | €318 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €318 | €318 | €318 | = |
| Profit (loss) carried forward14 | -€8,966 | -€8,420 | -€6,468 | -€8,610 | -€3,833 | ▲ 55.5% |
| Amounts payable17/49 | €8,578 | €12,853 | €24,545 | €34,297 | €12,831 | ▼ 62.6% |
| Amounts payable within one year42/48 | €8,578 | €12,853 | €24,545 | €34,297 | €12,831 | ▼ 62.6% |
| Trade debts44 | €3,578 | €7,853 | €19,545 | €13,559 | €7,831 | ▼ 42.2% |
| Suppliers440/4 | - | €7,853 | €19,545 | €13,559 | €7,831 | ▼ 42.2% |
| Other amounts payable47/48 | - | €5,000 | €5,000 | €20,738 | €5,000 | ▼ 75.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,889 | €546 | €1,951 | -€2,142 | €4,777 | ▲ 323% |
| + Depreciation and write-downs630 | €438 | €438 | €438 | €750 | - | - |
| Operating cash flow (approximation) | -€7,451 | €984 | €2,389 | -€1,392 | €4,777 | ▲ 443% |
| Investment in fixed assets (approximation) | - | €0 | -€6,288 | -€3,000 | €2,250 | ▲ 175% |
| Change in cash | - | €3,426 | €6,649 | -€9,716 | -€12 | ▲ 99.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €4,777
Net result €4,777 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €546
Net result €546 after 2 loss-making years.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€7,889
Net result drops to -€7,889, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 539current ratio 1621.35
Current ratio from 3.01 to 1621.35; short-term debt falls from €8,461 to €10.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2004
Ground area
92 m²
Building footprint
94 m²
Volume, LiDAR
1,241 m³
Parcel 21813D0525/00R006, Brussels · tallest building 19.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Kar-From
since 20042.164.508.478
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21813D0525/00R006 | Brussels | 92 m² | 1 · 94 m² | 19.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.164.508.478
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Of 3,824 companies in sector 47210 we hold annual accounts for 965. 661 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-01-2004
Fiscal year end31-12
Activities, NACEBEL 2025
47210Retail sale of fruit and vegetables
46360Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0862486089
Registered
23-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.