KARAARSLAN

Active

Private limited companyfounded 20232 yrs activeTolpoortstraat 23, 9800 Deinze, BelgiumKBO/BCE: BE 1001.191.933

The computed 12-month bankruptcy probability of KARAARSLAN is 2.5% (moderate). The 2024 annual accounts show equity of €16k and a net result of €6k. Its solvency ranks better than 34% of 2091 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2024

47 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability67

Solvency40

Growth-

Track record67

Bankruptcy probability, 12 months

2.5% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity short (current ratio 0.6; short-term debt: 84.6% and cash: 16.5% of total assets), and 84.6% 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

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 10

Relative position

BE, all sectors

reference

Sector 10

higher

← fewer bankruptcies more bankruptcies →

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

15.4%

Return on assets

5.5%

Age of the figures

21 mo

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-03-2025, 146 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2024

146 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

Turnover

€166k

EBIT margin

3.9%

Net result

€6k

Working capital

€-34k

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition

Assets €101k

49.5%

50.5%

Fixed assets €50k

Current assets €51k

Equity and liabilities €101k

15.4%

84.6%

Equity €16k

Debt €85k

Debt finances 84.6% of the balance-sheet total.

Key figures and ratios

2024 value

EBITDA

€12k

Cash flow

€12k

Solvency

15.4%

Current ratio

0.60

Quick ratio

0.55

Debt / equity

5.49

ROE

35.7%

ROA

5.5%

Interest coverage

13.38

Debt

€85k

Debt ≤ 1 year

€85k

Staff costs

€13k

Filed annual accounts

As filed with the NBB · 2024

Balance sheet Code2024

Assets

Total assets20/58€101k

Fixed assets21/28€50k

Tangible fixed assets22/27€45k

Plant, machinery and equipment23€43k

Furniture and vehicles24€1k

Financial fixed assets28€5k

Current assets29/58€51k

Stocks and contracts in progress3€4k

Stocks30/36€4k

Amounts receivable within one year40/41€30k

Trade receivables40€30k

Cash at bank and in hand54/58€17k

Equity and liabilities

Total equity and liabilities10/49€101k

Equity10/15€16k

Contributions10/11€10k

Reserves13€6k

Non-distributable reserves130/1€1k

Reserves not available under the articles1311€1k

Distributable reserves133€5k

Amounts payable17/49€85k

Amounts payable within one year42/48€85k

Trade debts44€60k

Suppliers440/4€60k

Taxes, remuneration and social security45€7k

Taxes450/3€2k

Remuneration and social security454/9€5k

Other amounts payable47/48€18k

Income statement Code2024

Turnover70€166k

Non-recurring operating income76A€11k

Goods, raw materials, services and sundry goods60/61€147k

Remuneration, social security and pensions62€13k

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k

Other operating charges640/8€3k

Gross operating margin9900€29k

Operating profit (loss)9901€6k

Financial income75/76B€0

Recurring financial income75€0

Financial charges65/66B€931

Recurring financial charges65€931

Profit (loss) for the period before taxes9903€6k

Profit (loss) for the period9904€6k

Profit (loss) for the period to be appropriated9905€6k

Appropriation of the result

Profit (loss) to be appropriated9906€6k

Transfer to equity691/2€6k

To the legal reserve6920€1k

To other reserves6921€5k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 1Filings 1

2025

07-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

NBB filing

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

30-06-2025 Resigned as Director

Location & real-estate footprint

Registered office, Deinze · 1 establishment unit since 2023

establishment The establishment unit on the map

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.

Tolpoortstraat 239800 Deinze

Ground area

175 m²

Building footprint

175 m²

Volume, LiDAR