KARA MANAGEMENT

Active

Private limited company (pre-2019)founded 200817 yrs activeRue d'Amberloup 34, 6680 Sainte-Ode, BelgiumKBO/BCE: BE 0808.647.131

KARA MANAGEMENT has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €191k and a net result of €-25k. Equity is growing by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 37972 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2024

48 / 100

Fair▲ +1 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0=

Solvency68▼-12

Growth52=

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €9k at 30 days acceptable

Liquidity short (current ratio 0.54 against 1.09 in 2023), and 19.6% of the assets are financed with debt.

How do we compute the score and the probability?

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

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

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 2024

Solvency, return and age of the figures

Solvency

80.4%

Return on assets

-10.5%

Age of the figures

20 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Persistent losses

Two consecutive loss-making years (2023 and 2024); equity fell accordingly. May indicate structural pressure on profitability.

NBB · annual accounts 2024

Net result per financial year

18192021222324

2018 to 2024 · latest year -€25k

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2025, 21 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

21 d early

2023

19 d early

2022

11 d early

2021

16 d early

2020

36 d early

2019

1 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€191k▼ 11.5%

2023 · €216k

2018: €146k 2019: €189k 2020: €233k 2021: €260k 2022: €285k 2023: €216k

2018 → 2024

Total assets

€237k▼ 9.7%

2023 · €262k

2018: €223k 2019: €259k 2020: €313k 2021: €302k 2022: €306k 2023: €262k

2018 → 2024

Net result

€-25k▲ 28.8%

2023 · €-35k

2018: €26k 2019: €43k 2020: €44k 2021: €42k 2022: €25k 2023: €-35k

2018 → 2024

Working capital

€-21k

2023 · €4k

2018: €-24k 2019: €25k 2020: €76k 2021: €99k 2022: €132k 2023: €4k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€233k-€260k▲ 11.5%€285k▲ 9.5%€216k▼ 24.4%€191k▼ 11.5%

Operating result€66k-€61k▼ 7.2%€38k▼ 38.2%€-35k€-25k▲ 28.6%

Net result€44k-€42k▼ 6.5%€25k▼ 40.2%€-35k€-25k▲ 28.8%

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 €25k in 2024 against €35k in 2023; the loss shrinks.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €237k

89.4%

11%

Fixed assets €212k▲ 0.3%

Current assets €25k▼ 50.9%

Equity and liabilities €237k

80.4%

19.6%

Equity €191k▼ 11.5%

Debt €46k▼ 1.3%

The debt ratio rises from 17.9% to 19.6%: equity shrinks faster than debt is paid down.

Key figures and ratios

2024 value · change against 2023

EBITDA

€2k▲

2023 · €-12k

Cash flow

€2k▲

2023 · €-12k

Solvency

80.4%▼

2023 · 82.1%

Current ratio

0.54▼

2023 · 1.09

Quick ratio

0.54▼

2023 · 1.09

Debt / equity

0.24▲

2023 · 0.22

ROE

-13.0%▲

2023 · -16.2%

ROA

-10.5%▲

2023 · -13.3%

Interest coverage

22.22▲

2023 · -54.58

Debt

€46k▼

2023 · €47k

Debt ≤ 1 year

€46k▼

2023 · €47k

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€262k€237k▼

Fixed assets21/28€211k€212k▲

Tangible fixed assets22/27€211k€212k▲

Land and buildings22€141k€135k▼

Plant, machinery and equipment23€26k€19k▼

Furniture and vehicles24€44k€52k▲

Assets under construction and advance payments27-€5k

Current assets29/58€51k€25k▼

Amounts receivable within one year40/41€10k€4k▼

Trade receivables40€7k€3k▼

Other amounts receivable41€2k€274▼

Cash at bank and in hand54/58€40k€20k▼

Deferred charges and accrued income490/1€2k€2k▲

Equity and liabilities

Total equity and liabilities10/49€262k€237k▼

Equity10/15€216k€191k▼

Contributions10/11€19k€19k=

Reserves13€182k€182k=

Non-distributable reserves130/1€0-

Reserves not available under the articles1311€0-

Distributable reserves133€182k€182k=

Profit (loss) carried forward14€15k€-10k▼

Amounts payable17/49€47k€46k▼

Amounts payable within one year42/48€47k€46k▼

Trade debts44€2k€4k▲

Suppliers440/4€2k€4k▲

Taxes, remuneration and social security45€0€437▲

Taxes450/3€0€437▲

Other amounts payable47/48€45k€42k▼

Accrued charges and deferred income492/3€0-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€27k▲

Other operating charges640/8€2k€3k▲

Gross operating margin9900€-9k€5k▲

Operating profit (loss)9901€-35k€-25k▲

Financial income75/76B€0€9▲

Recurring financial income75€0€9▲

Financial charges65/66B€216€89▼

Recurring financial charges65€216€89▼

Profit (loss) for the period before taxes9903€-35k€-25k▲

Income taxes67/77€0-

Profit (loss) for the period9904€-35k€-25k▲

Profit (loss) for the period to be appropriated9905€-35k€-25k▲

Appropriation of the result

Profit (loss) to be appropriated9906€15k€-10k▼

Profit (loss) brought forward from the previous period14P€50k€15k▼

Transfer from equity791/2€35k€0▼

Transfer to equity691/2€0-

To other reserves6921€0-

Profit to be distributed694/7€35k€0▼

Return on contributions (dividend)694€35k€0▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

10-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

12-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Weakest financial yearnet €-35k ▼240%

Net result drops to €-35k, the lowest in the series; recovery starts the following year.

20-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-12

Financial Liquidity doublescurrent ratio 7.61

Current ratio from 3.34 to 7.61; short-term debt falls from €42k to €20k.

15-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

25-06

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

31-12

Financial Highest result since 2018net €44k ▲3.2%

Net result €44k, the highest in the series.

31-12

Financial Equity above €200kEq €233k ▲23.5%

3 profitable years in a row build equity to €233k.

30-07

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

31-12

Financial Equity above €150kEq €189k ▲29.5%

2 profitable years in a row build equity to €189k.

08-05

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

2018

19-06

NBB filing Annual accounts filed

fiscal year 2017 · micro schema

2017

13-07

NBB filing Annual accounts filed

fiscal year 2016 · micro schema

2016

08-07

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.

Directors · office · real estate

Directors

4 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, Sainte-Ode · 1 establishment unit since 2008

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.

Rue d'Amberloup 346680 Sainte-Ode

1 establishment unit

KARA MANAGEMENT

Rue d'Amberloup 34, 6680 Sainte-OdeMixed farming

since 20082.176.017.826

Similar companies · same sector, comparable size

Of 82,201 companies in sector 70200 we hold annual accounts for 52,400. 40,050 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company (pre-2019)

Founded23-12-2008

Fiscal year end31-12

Activities, NACEBEL

70200Business and other management consultancy

70220Business consulting

70210Activities of head offices; management consultancy activities

73300Public relations and communication consultancy

Sources

Crossroads Bank for EnterprisesNational Bank · 16 filings

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.