Equity
€44,882 ▲ 3.0%
KARA has made a profit without a break since 2018.
KARA
Lifetime
20 annual accounts with figures on one time axis, 47 filings since 1978peak €26,152 (2009)
€1,968▼ 65.6%
lowest -€10,213 (2007)
€1,324▼ 68.4%
peak €44,882 (2025)
€44,882▲ 3.0%
€8,152▼ 17.2%
Board3 names since 2021
2 directorsKRASIMIR OGNYANOV and 1 other
Documentsfilings and deeds
29-06-202632 days before the deadline
2025micro format
Gross margin from €5,729 to €1,968Result from €4,197 to €1,324Debts from €9,842 to €8,152Cash from €2,716 to €1,821
Key points
from the 2025 annual accountsTurnover
≈ €12,000 estimated
The micro format states no turnover.
Position in the sector
84.6%
Higher solvency than 84% of companies in office administrative support. Sector median 50.3% · 9,696 companies.
Checked score
90
Excellent
Financially stronger than 50% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025lowest value
03-2025: < 0.1%● unchanged vs 02-2025lowest value
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%▲ +0.1 percentage points 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%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026highest value
08-2026: 0.2%● unchanged vs 07-2026highest value
09-2026: 0.2%● unchanged vs 08-2026highest value
10-2026: 0.2%● unchanged vs 09-2026highest value
11-2026: 0.2%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 6.51, cash €1,821
lowers risk
Sector: Office administrative, office support and other business support activities (NACE 82)
Founded in 1976
Equity €44,882 (84.6% of total assets)
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 82, micro). It does better than 88% of them on solvency, 42% on liquidity, 24% on profitability and 46% 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 31-12-2025.
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, 17,041 companies had the same profile as KARA has now. Each dot stands for 43 companies, two years later.
94.4%
were still trading
4.9%
stopped another way
0.5%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KARA itself: 0.2% 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 17,041 companies, not a prediction for KARA. 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 €4,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 6.51 (5.43 in 2024), above the usual 1.5. Short-term debt is 15.4% and cash 3.4% of total assets. 15.4% 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 31-12-2025 was due by 31-07-2026 and was filed on 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 days early
2024
38 days early
2023
30 days early
2022
11 days early
2021
37 days early
2020
17 days late
2019
87 days late
← 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 6 days before the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0416187210
Company renamed from WONING RENOVATIE PROJECTEN to KARA
Resignation: OGNYANOV Krasimir Antonov (director) · Reappointment: OGNYANOV Krasimir Antonov (director) · Permanent representative: OGNYANOV Krasimir Antonov · General meeting of 12-12-2023 · Gazette deed
Registered office moved within Maasmechelen
New registered office: Mie Merkenstraat 13, 3630 Maasmechelen · Previous registered office: Oude Baan 24/6, 3630 Maasmechelen · General meeting of 23-02-2022 · Gazette deed
Registered office moved from Heusden-Zolder to Maasmechelen
New registered office: OUDE BAAN 24/006-3630 Maasmechelen · Previous registered office: Koolmijnlaan 54/1-3550 Heusden-Zolder · Resignation: ADNAN SYULEYMANOV IBRYAMOV (manager) · General meeting of 16-03-2021 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KARA Maasmechelen | €53,034 | €1,968 | 84.6% | - |
| FILL-PACK Aartselaar | €38,697 | €1,266 | 87.1% | - |
| B & B Brussels | €20,650 | €3,120 | 46.4% | - |
| Gosselin Export Packers Antwerp | €256,979 | €7,466 | 99.6% | - |
| CONDI-PACK Mettet | €176,915 | -€5,840 | 96.4% | - |
| FILLING SERVICE Anderlecht | €13,395 | -€835 | -17.3% | - |
| INFOLOGIC Beyne-Heusay | €9,394 | -€1,915 | 11.6% | - |
These companies have the same main activity as KARA: office administrative, office support and other business support activities (NACE 82920). They are comparable in size and age: total assets between €9,390 and €257,000, founded between 1998 and 2011.
Official details
Source: KBO- Status
- Active since 01-05-1976Normal situation
- Activity
- Office administrative, office support and other business support activitiesNACE 82920and 1 other
- Establishment unit
- 2.013.514.7163630 Maasmechelen, since 01-05-1976
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2024
Annual accounts 2025
- €53,034▼ 0.7%
- Filing
- Filed on 29-06-2026, 32 days before the end of the filing period
Insights on KARA
KARA files the micro format. That format states no turnover. The gross margin rose from -€329 in 2006 to €1,968 in 2025.
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 KARA
- What is the company number of KARA?
- The company number of KARA is 0416.187.210. The VAT number is the same number with BE in front: BE 0416.187.210.
- Where is KARA based?
- The registered office is at Mie Merkenstraat 13, 3630 Maasmechelen.Company details
- What does KARA do?
- According to the KBO register, the main activity is office administrative, office support and other business support activities (NACE 82920).
- What is the legal form of KARA?
- KARA is a private limited company (BV).
- When was KARA founded?
- KARA was founded on 01-05-1976.
- Is KARA still active?
- Yes, KARA is an active enterprise in the KBO register.
- What is the turnover of KARA?
- The turnover in financial year 2025 is ≈ €12,000. This figure is estimated from the gross margin of €1,968 and 48 comparable companies (NACE 829). It probably lies between €6,700 and €22,000. It is a rough estimate.Financials
- Is KARA profitable?
- In financial year 2025, KARA made a profit of €1,324.
- Where can I find the annual accounts of KARA?
- KARA filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KARA due?
- KARA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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