KARA
InactiveInactive; last annual accounts for fiscal year 2024.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€46,539
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 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
49 d late
2023
68 d late
2022
67 d late
2021
29 d late
2020
30 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 56 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€750,591▼ 5.8%
2023 · €797,130
Total assets
€1.2m▼ 11.6%
2023 · €1.3m
Net result
-€46,539▲ 44.4%
2023 · -€83,689
Working capital
€236,814▼ 19.2%
2023 · €292,924
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
Operating result€129,104-€229,795-€59,618▲ 74.1%-€81,085▼ 36.0%-€158,636▼ 95.6%
Net result€155,810-€176,081-€69,285▲ 60.7%-€83,689▼ 20.8%-€46,539▲ 44.4%
Equity€1.1m▲ 19.7%€950,105▼ 15.6%€880,820▼ 7.3%€797,130▼ 9.5%€750,591▼ 5.8%
Total assets€1.6m▼ 0.4%€1.4m▼ 14.2%€1.4m▼ 1.8%€1.3m▼ 3.2%€1.2m▼ 11.6%
Debt€371,629▼ 26.5%€308,603▼ 17.0%€381,124▲ 23.5%€423,149▲ 11.0%€354,175▼ 16.3%
Working capital€189,328€326,389▲ 72.4%€345,601▲ 5.9%€292,924▼ 15.2%€236,814▼ 19.2%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €158,636 in 2024 against €81,085 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.2m
Fixed assets
€667,685 ▼ 5.3%
Current assets
€508,438 ▼ 18.7%
Equity and liabilities €1.2m
Equity
€750,591 ▼ 5.8%
Provisions
€71,357 ▼ 35.3%
Debt
€354,175 ▼ 16.3%
Debt's share of the balance-sheet total falls from 31.8% to 30.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€137,363▼
2023 · -€32,008
Cash flow
-€25,267▲
2023 · -€34,612
Current ratio
1.87▼
2023 · 1.88
Debt to equity
0.47▼
2023 · 0.53
ROE
-6.2%▲
2023 · -10.5%
ROA
-4.0%▲
2023 · -6.3%
Interest coverage
-33.67▼
2023 · -5.88
Debt ≤ 1 year
€271,624▼
2023 · €332,239
Staff costs
€610
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6,705 | €154,603 | €64,125 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | €610 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €111,397 | €94,570 | €81,478 | €49,077 | €21,272 | ▼ 56.7% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €71,357 | - | - | - | - |
| Other operating charges640/8 | - | - | €28,623 | €4,470 | €5,204 | ▲ 16.4% |
| Non-recurring operating charges66A | - | €39,781 | - | - | - | - |
| Gross operating margin9900 | €246,204 | -€24,087 | €50,483 | -€27,538 | -€131,550 | ▼ 378% |
| Operating profit (loss)9901 | €129,104 | -€229,795 | -€59,618 | -€81,085 | -€158,636 | ▼ 95.6% |
| Financial income75/76B | - | €0 | €5,495 | €0 | €77,323 | ▲ 386,615,250% |
| Recurring financial income75 | €185 | €0 | €5,495 | €0 | €4,051 | ▲ 20,254,400% |
| Non-recurring financial income76B | - | - | - | - | €73,272 | - |
| Financial charges65/66B | - | €9,868 | €43,740 | €5,442 | €4,080 | ▼ 25.0% |
| Recurring financial charges65 | €1,487 | €3,055 | €43,740 | €5,442 | €4,080 | ▼ 25.0% |
| Non-recurring financial charges66B | - | €6,812 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €127,802 | -€239,663 | -€97,863 | -€86,527 | -€85,392 | ▲ 1.3% |
| Transfer from deferred taxes780 | - | €63,582 | €28,577 | €2,838 | €38,853 | ▲ 1,269% |
| Profit (loss) for the period9904 | €155,810 | -€176,081 | -€69,285 | -€83,689 | -€46,539 | ▲ 44.4% |
| Transfer from tax-exempt reserves789 | - | €190,746 | €85,732 | €8,514 | €116,560 | ▲ 1,269% |
| Profit (loss) for the period to be appropriated9905 | €239,835 | €14,665 | €16,447 | -€75,175 | €70,021 | ▲ 193% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €1.4m | €1.4m | €1.3m | €1.2m | ▼ 11.6% |
| Fixed assets21/28 | €1.2m | €845,341 | €755,279 | €705,326 | €667,685 | ▼ 5.3% |
| Tangible fixed assets22/27 | €998,450 | €699,099 | €507,224 | €457,271 | €419,271 | ▼ 8.3% |
| Land and buildings22 | - | €582,540 | €450,620 | €421,865 | €405,879 | ▼ 3.8% |
| Plant, machinery and equipment23 | - | €104,692 | €54,231 | €35,406 | €13,393 | ▼ 62.2% |
| Furniture and vehicles24 | - | €11,867 | €2,373 | - | - | - |
| Financial fixed assets28 | €152,413 | €146,242 | €248,055 | €248,055 | €248,414 | ▲ 0.1% |
| Current assets29/58 | €480,803 | €554,992 | €619,713 | €625,163 | €508,438 | ▼ 18.7% |
| Amounts receivable within one year40/41 | €411,383 | €546,129 | €594,547 | €435,758 | €496,811 | ▲ 14.0% |
| Trade receivables40 | - | €129,519 | €101,993 | €89,493 | €172,343 | ▲ 92.6% |
| Other amounts receivable41 | - | €416,610 | €492,554 | €346,266 | €324,468 | ▼ 6.3% |
| Cash at bank and in hand54/58 | €68,624 | €8,863 | €25,166 | €189,405 | €11,627 | ▼ 93.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €1.4m | €1.4m | €1.3m | €1.2m | ▼ 11.6% |
| Equity10/15 | €1.1m | €950,105 | €880,820 | €797,130 | €750,591 | ▼ 5.8% |
| Contributions10/11 | - | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | €403,552 | €212,806 | €127,074 | €118,560 | €2,000 | ▼ 98.3% |
| Non-distributable reserves130/1 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Reserves not available under the articles1311 | - | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Tax-exempt reserves132 | - | €210,806 | €125,074 | €116,560 | - | - |
| Profit (loss) carried forward14 | €702,634 | €717,299 | €733,745 | €658,570 | €728,591 | ▲ 10.6% |
| Provisions and deferred taxes16 | €133,851 | €141,625 | €113,048 | €110,210 | €71,357 | ▼ 35.3% |
| Provisions for liabilities and charges160/5 | - | €71,357 | €71,357 | €71,357 | €71,357 | = |
| Other liabilities and charges164/5 | - | €71,357 | €71,357 | €71,357 | €71,357 | = |
| Deferred taxes168 | - | €70,269 | €41,691 | €38,853 | - | - |
| Amounts payable17/49 | €371,629 | €308,603 | €381,124 | €423,149 | €354,175 | ▼ 16.3% |
| Amounts payable after more than one year17 | - | - | €27,012 | €10,910 | - | - |
| Financial debts170/4 | - | - | €27,012 | €10,910 | - | - |
| Amounts payable within one year42/48 | €291,475 | €228,603 | €274,112 | €332,239 | €271,624 | ▼ 18.2% |
| Current portion of amounts payable after more than one year42 | - | - | €15,792 | €16,102 | €10,910 | ▼ 32.2% |
| Financial debts43 | - | €32 | €8 | - | - | - |
| Credit institutions430/8 | - | €32 | €8 | - | - | - |
| Trade debts44 | €129,098 | €53,623 | €80,818 | €80,389 | €117,627 | ▲ 46.3% |
| Suppliers440/4 | - | €53,623 | €80,818 | €80,389 | €117,627 | ▲ 46.3% |
| Advances received on contracts in progress46 | - | €105 | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €1,251 | - | - | - |
| Taxes450/3 | - | - | €1,251 | - | - | - |
| Other amounts payable47/48 | - | €174,844 | €176,244 | €235,748 | €143,086 | ▼ 39.3% |
| Accrued charges and deferred income492/3 | - | €80,000 | €80,000 | €80,000 | €82,551 | ▲ 3.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €155,810 | -€176,081 | -€69,285 | -€83,689 | -€46,539 | ▲ 44.4% |
| + Depreciation and write-downs630 | €111,397 | €94,570 | €81,478 | €49,077 | €21,272 | ▼ 56.7% |
| Operating cash flow (approximation) | €267,207 | -€81,511 | €12,193 | -€34,612 | -€25,267 | ▲ 27.0% |
| Investment in fixed assets (approximation) | - | €210,952 | €8,584 | €875 | €16,369 | ▲ 1,771% |
| Change in cash | - | -€59,761 | €16,303 | €164,239 | -€177,778 | ▼ 208% |
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
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 49 days late
2024
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 67 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
31-12
Financial
Weakest financial yearnet -€176,081
Net result drops to -€176,081, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Back to profitnet €155,810
Net result €155,810 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.65
Current ratio from 0.59 to 1.65; short-term debt falls from €422,416 to €291,475.
31-12
Financial
Equity above €1mEq €1.1m ▲19.7%
Equity rises from €940,723 to €1.1m.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 15 acts read
About the unread acts
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of KARA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.