KARA WOLF
ActiveSummary
The computed 12-month bankruptcy probability of KARA WOLF is 4.4% (elevated). The 2024 annual accounts show equity of €194,718 and a net result of €27,392. Equity is growing by ~27.9% per year across the filed fiscal years. Its solvency ranks better than 51% of 36386 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-17
Solvency72=
Growth78=
Track record84
Bankruptcy probability, 12 months
4.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days only on tighter terms
Liquidity ample (current ratio 1.9 against 1.88 in 2023; short-term debt: 52.5% and cash: 0% of total assets), but 52.5% of the assets are financed with debt.
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Signals
Seven 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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
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 29-06-2025, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
32 d early
2023
45 d late
2022
67 d late
2021
66 d late
2020
73 d late
2019
54 d late
← 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 46 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
History
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Financials · fiscal year 2024, micro schema
Equity
€194,718▲ 16.4%
2023 · €167,326
Total assets
€410,138▲ 16.2%
2023 · €353,072
Net result
€27,392▼ 62.0%
2023 · €72,016
Working capital
€193,219▲ 17.7%
2023 · €164,208
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€9,485▼ 37.6%€21,623▲ 128%€44,895▲ 108%€103,087▲ 130%€47,077▼ 54.3%
Net result€205below the sector's middle half▼ 88.2%€13,639within the sector's middle half▲ 6,553%€30,910above the sector's middle half▲ 127%€72,016above the sector's middle half▲ 133%€27,392within the sector's middle half▼ 62.0%
Equity€50,761within the sector's middle half▲ 0.4%€64,400within the sector's middle half▲ 26.9%€95,310within the sector's middle half▲ 48.0%€167,326above the sector's middle half▲ 75.6%€194,718above the sector's middle half▲ 16.4%
Total assets€110,235within the sector's middle half▼ 9.9%€125,382within the sector's middle half▲ 13.7%€259,387within the sector's middle half▲ 107%€353,072above the sector's middle half▲ 36.1%€410,138above the sector's middle half▲ 16.2%
Debt€59,474▼ 17.2%€60,982▲ 2.5%€164,077▲ 169%€185,746▲ 13.2%€215,420▲ 16.0%
Working capital€50,486within the sector's middle half▲ 31.0%€64,083within the sector's middle half▲ 26.9%€90,075above the sector's middle half▲ 40.6%€164,208above the sector's middle half▲ 82.3%€193,219above the sector's middle half▲ 17.7%
Solvency46.0%within the sector's middle half▲ 4.7pp51.4%within the sector's middle half▲ 5.3pp36.7%within the sector's middle half▼ 14.6pp47.4%within the sector's middle half▲ 10.6pp47.5%within the sector's middle half▲ 0.1pp
Current ratio1.85within the sector's middle half▲ 0.292.05within the sector's middle half▲ 0.201.55within the sector's middle half▼ 0.501.88within the sector's middle half▲ 0.341.90within the sector's middle half▲ 0.01
Return on assets (ROA)0.2%below the sector's middle half▼ 1.2pp10.9%within the sector's middle half▲ 10.7pp11.9%within the sector's middle half▲ 1.0pp20.4%above the sector's middle half▲ 8.5pp6.7%within the sector's middle half▼ 13.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 54% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €410,138
Fixed assets
€1,499 ▼ 51.9%
Current assets
€408,639 ▲ 16.8%
Equity and liabilities €410,138
Equity
€194,718 ▲ 16.4%
Debt
€215,420 ▲ 16.0%
Debt's share of the balance-sheet total falls from 52.6% to 52.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€49,211▼
2023 · €105,204
Cash flow
€29,526▼
2023 · €74,133
Debt to equity
1.11▼
2023 · 1.11
ROE
14.1%▼
2023 · 43.0%
Interest coverage
31.93▼
2023 · 899.18
Debt ≤ 1 year
€215,420▲
2023 · €185,746
Income taxes
€18,160▼
2023 · €31,173
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
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: 4.4% 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 497,662 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% | 1.7% |
| 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 75% 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 34,679 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €5,075 | - |
| Remuneration, social security and pensions62 | - | €446 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €275 | €305 | €1,084 | €2,117 | €2,134 | ▲ 0.8% |
| Other operating charges640/8 | - | €1,171 | €125 | €115 | €1,557 | ▲ 1,254% |
| Gross operating margin9900 | €10,956 | €23,545 | €46,104 | €105,319 | €50,768 | ▼ 51.8% |
| Operating profit (loss)9901 | €9,485 | €21,623 | €44,895 | €103,087 | €47,077 | ▼ 54.3% |
| Financial income75/76B | - | €1 | €1 | €219 | €16 | ▼ 92.7% |
| Recurring financial income75 | - | €1 | €1 | €219 | €16 | ▼ 92.7% |
| Financial charges65/66B | - | €279 | €129 | €117 | €1,541 | ▲ 1,217% |
| Recurring financial charges65 | €683 | €279 | €129 | €117 | €1,541 | ▲ 1,217% |
| Profit (loss) for the period before taxes9903 | €8,802 | €21,345 | €44,767 | €103,189 | €45,552 | ▼ 55.9% |
| Income taxes67/77 | €8,597 | €7,706 | €13,857 | €31,173 | €18,160 | ▼ 41.7% |
| Profit (loss) for the period9904 | €205 | €13,639 | €30,910 | €72,016 | €27,392 | ▼ 62.0% |
| Profit (loss) for the period to be appropriated9905 | €205 | €13,639 | €30,910 | €72,016 | €27,392 | ▼ 62.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €110,235 | €125,382 | €259,387 | €353,072 | €410,138 | ▲ 16.2% |
| Fixed assets21/28 | €275 | €317 | €5,235 | €3,118 | €1,499 | ▼ 51.9% |
| Tangible fixed assets22/27 | €275 | €317 | €5,235 | €3,118 | €1,499 | ▼ 51.9% |
| Plant, machinery and equipment23 | - | - | €2,242 | €1,241 | €240 | ▼ 80.7% |
| Furniture and vehicles24 | - | €317 | €2,993 | €1,877 | €1,259 | ▼ 32.9% |
| Current assets29/58 | €109,960 | €125,065 | €254,152 | €349,954 | €408,639 | ▲ 16.8% |
| Amounts receivable within one year40/41 | €109,447 | €111,293 | €225,213 | €335,132 | €407,181 | ▲ 21.5% |
| Trade receivables40 | - | €48,324 | €105,864 | €141,667 | €194,837 | ▲ 37.5% |
| Other amounts receivable41 | - | €62,969 | €119,349 | €193,465 | €212,344 | ▲ 9.8% |
| Cash at bank and in hand54/58 | - | €12,860 | €27,818 | €13,496 | €21 | ▼ 99.8% |
| Deferred charges and accrued income490/1 | - | €912 | €1,121 | €1,326 | €1,437 | ▲ 8.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €110,235 | €125,382 | €259,387 | €353,072 | €410,138 | ▲ 16.2% |
| Equity10/15 | €50,761 | €64,400 | €95,310 | €167,326 | €194,718 | ▲ 16.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €16,131 | €16,131 | €16,131 | €16,131 | €16,131 | = |
| Non-distributable reserves130/1 | - | €2,732 | €2,732 | €2,732 | €2,732 | = |
| Reserves not available under the articles1311 | - | €2,732 | €2,732 | €2,732 | €2,732 | = |
| Distributable reserves133 | - | €13,399 | €13,399 | €13,399 | €13,399 | = |
| Profit (loss) carried forward14 | €16,030 | €29,669 | €60,579 | €132,595 | €159,987 | ▲ 20.7% |
| Amounts payable17/49 | €59,474 | €60,982 | €164,077 | €185,746 | €215,420 | ▲ 16.0% |
| Amounts payable within one year42/48 | €59,474 | €60,982 | €164,077 | €185,746 | €215,420 | ▲ 16.0% |
| Trade debts44 | €3,829 | €39,874 | €91,361 | €124,723 | €118,160 | ▼ 5.3% |
| Suppliers440/4 | - | €39,874 | €91,361 | €124,723 | €118,160 | ▼ 5.3% |
| Advances received on contracts in progress46 | - | - | €35,029 | - | - | - |
| Taxes, remuneration and social security45 | - | €16,206 | €30,687 | €54,023 | €56,760 | ▲ 5.1% |
| Taxes450/3 | - | €13,206 | €21,187 | €45,023 | €49,260 | ▲ 9.4% |
| Remuneration and social security454/9 | - | €3,000 | €9,500 | €9,000 | €7,500 | ▼ 16.7% |
| Other amounts payable47/48 | - | €4,902 | €7,000 | €7,000 | €40,500 | ▲ 479% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €205 | €13,639 | €30,910 | €72,016 | €27,392 | ▼ 62.0% |
| + Depreciation and write-downs630 | €275 | €305 | €1,084 | €2,117 | €2,134 | ▲ 0.8% |
| Operating cash flow (approximation) | €480 | €13,944 | €31,994 | €74,133 | €29,526 | ▼ 60.2% |
| Investment in fixed assets (approximation) | - | -€347 | -€6,002 | €0 | -€515 | - |
| Change in cash | - | - | €14,958 | -€14,322 | -€13,475 | ▲ 5.9% |
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
2026
29-05
KBO administration
Address strikeout annulled
28-04
KBO administration
Address struck
Wijngaardenstraat 46 L’adresse du siège Rue des Vignes 46 1020 Die Sitzadresse Rue des Vignes / Wijngaar-
1020 Brussel werd doorgehaald met ingang Bruxelles · event 02-03-2026
2025
29-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 45 days late
2023
31-12
Financial
Highest result since 2018net €72,016 ▲133%
Operating result €103,087, net result €72,016, both a record.
31-12
Financial
Equity above €150,000Eq €167,326 ▲75.6%
5 profitable years in a row build equity to €167,326.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
05-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 66 days late
2021
12-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 73 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Back to profitnet €1,735
Net result €1,735 after one loss-making year.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
14-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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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Directors · office · real estate
Directors
8 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, Brussel · 1 establishment unit since 2007
Ground area
158 m²
Building footprint
83 m²
Volume, LiDAR
856 m³
Parcel 21818B0444/00E003, Brussels · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
KARA WOLF
since 20072.158.622.756
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21818B0444/00E003 | Brussels | 158 m² | 1 · 83 m² | 14.5 m · 4 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.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,423. 5,881 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
Founded08-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43230Insulation installation
43350Other building finishing work
81220Other building cleaning and industrial cleaning
Contact
E-mail
i-b-c@hotmail.frBrussel
Phone
0486/825553Brussel
E-invoicing
Reachable via Peppol
Peppol ID
0208:0886202292
Registered
13-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.