KARA
ActiveThe computed 12-month bankruptcy probability of KARA is 3.5% (moderate). The 2024 annual accounts show negative equity (€-28) and a net result of €4k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 16% of 6718 sector peers (fiscal year 2024). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
39
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability74▲+74
Solvency25▲+4
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.35 against 0.25 in 2023; short-term debt: 100% and cash: 6.5% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight 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 49
Relative position
BE, all sectors
reference
Sector 49
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 · 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
0%
Return on assets
4.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 6718 sector peers (2024).
NBB · sector comparisonPosition among 6718 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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
not confirmed
2024
60 d late
2023
121 d late
2022
88 d late
2021
285 d late
2020
46 d late
2018
40 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-28▲ 99.3%
2023 · €-4k
2018: €26k
2020: €21k
2021: €55k
2022: €19k
2023: €-4k
2018 → 2024
Total assets
€89k▼ 3.4%
2023 · €92k
2018: €44k
2020: €40k
2021: €59k
2022: €85k
2023: €92k
2018 → 2024
Net result
€4k
2023 · €-23k
2018: €175
2020: €-6k
2021: €34k
2022: €-35k
2023: €-23k
2018 → 2024
Working capital
€-58k▲ 18.9%
2023 · €-72k
2018: €-18k
2020: €-19k
2021: €19k
2022: €-47k
2023: €-72k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€21k-€55k▲ 166%€19k▼ 64.8%€-4k€-28▲ 99.3%
Operating result€-6k-€34k€-35k€-21k▲ 41.0%€5k
Net result€-6k-€34k€-35k€-23k▲ 34.6%€4k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5k after a loss of €21k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €89k
Fixed assets
€58k▼ 14.2%
Current assets
€31k▲ 26.6%
Key figures and ratios
EBITDA
€28k▲
2023 · €-3k
Cash flow
€27k▲
2023 · €-5k
Solvency
0.0%▲
2023 · -4.2%
Current ratio
0.35▲
2023 · 0.25
Quick ratio
0.35▲
2023 · 0.25
ROA
4.4%▲
2023 · -25.1%
Interest coverage
20.14▲
2023 · -1.23
Debt
€89k▼
2023 · €96k
Debt ≤ 1 year
€89k▼
2023 · €96k
Staff costs
€41k▼
2023 · €47k
Equity ratios withheld: equity of €-28 is too small for a meaningful ratio.
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€92k€89k▼
Fixed assets21/28€68k€58k▼
Intangible fixed assets21€30k€30k=
Tangible fixed assets22/27€38k€28k▼
Furniture and vehicles24€38k€28k▼
Current assets29/58€24k€31k▲
Amounts receivable within one year40/41€5k€25k▲
Trade receivables40-€21k
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€19k€6k▼
Equity and liabilities
Total equity and liabilities10/49€92k€89k▼
Equity10/15€-4k€-28▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-24k€-20k▲
Amounts payable17/49€96k€89k▼
Amounts payable within one year42/48€96k€89k▼
Trade debts44€14k€9k▼
Suppliers440/4€14k€9k▼
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3-€2k
Remuneration and social security454/9€4k€4k▼
Other amounts payable47/48€78k€75k▼
Income statement
Code20232024
Remuneration, social security and pensions62€47k€41k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€23k▲
Other operating charges640/8€2k€2k▼
Gross operating margin9900€46k€71k▲
Operating profit (loss)9901€-21k€5k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-23k€4k▲
Profit (loss) for the period9904€-23k€4k▲
Profit (loss) for the period to be appropriated9905€-23k€4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-24k€-20k▲
Profit (loss) brought forward from the previous period14P€-1k€-24k▼
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
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 2 loss-making years.
29-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 121 days late
2023
27-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 88 days late
12-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 285 days late
2022
31-12
Financial
Weakest financial yearnet €-35k ▼204%
Net result drops to €-35k, the lowest in the series; recovery starts the following year.
2021
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
31-12
Financial
Liquidity times 304current ratio 5.02
Current ratio from 0.02 to 5.02; short-term debt falls from €19k to €5k.
15-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 46 days late
2019
09-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 40 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 23 days late
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 25 days late
2015
29-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Jans-Molenbeek · 3 establishment units since 1986
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.
Jean Dubrucqlaan 2001080 Sint-Jans-MolenbeekGround area
918 m²
Building footprint
218 m²
Volume, LiDAR
6,390 m³
2 parcels, Brussels · tallest building 34.0 m, ±10 floors. Linked by address, not a title deed.
3 establishment units
KARA
since 19862.034.069.907
KARA LIMO
since 20182.317.901.310
Kara Compta
since 20182.317.986.630
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0121/00X006 ProtectedMonumentHuis Solvay |
Brussels | 576 m² | 1 · 218 m² | 34.0 m · 10 fl. |
| 21012F0350/00V000 | Brussels | 342 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
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K2 POINT
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Of 6,996 companies in sector 49320 we hold annual accounts for 2,722. 2,194 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-11-1986
Fiscal year end31-12
Activities, NACEBEL
49320Non-scheduled passenger transport by road
49330On-demand passenger transport by chauffeured vehicle
49390Land transport and transport via pipelines
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
4 entriesE-mail:ma.mohammad226@gmail.com
Phone:0499870055
E-mail:ma.mohammad226@gmail.be
Phone:024262655