KARABIJN
ActiveSummary
The computed 12-month bankruptcy probability of KARABIJN is 2.0% (moderate). The 2025 annual accounts show negative equity (-€31,248) and a net result of -€35,433. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 7081 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-7
Solvency0▼-29
Growth32=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.7 against 1.11 in 2024; short-term debt: 142.7% and cash: 1.1% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 2025Solvency, return and age of the figures
Solvency
-46.1%
Return on assets
-52.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€31,248
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-07-2026, 23 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
23 d early
2024
17 d early
2023
86 d early
2022
56 d early
2021
73 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 51 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€31,248
2024 · €4,185
Total assets
€67,809▼ 27.7%
2024 · €93,740
Net result
-€35,433▼ 305%
2024 · -€8,757
Working capital
-€29,450
2024 · €9,354
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
Line20212022202320242025
Operating result€960--€11,922€7,751-€6,094-€29,825▼ 389%
Net result-€1,986--€14,542▼ 632%€4,470-€8,757-€35,433▼ 305%
Equity€23,014-€8,472▼ 63.2%€12,942▲ 52.8%€4,185▼ 67.7%-€31,248
Total assets€128,731-€107,306▼ 16.6%€97,110▼ 9.5%€93,740▼ 3.5%€67,809▼ 27.7%
Debt€105,718-€98,834▼ 6.5%€84,167▼ 14.8%€89,555▲ 6.4%€99,057▲ 10.6%
Working capital€10,341--€1,103€10,381€9,354▼ 9.9%-€29,450
Staff (FTE)1.8-1.8=1.8=1.8=1.7▼ 5.6%
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 stays negative: a loss of €29,825 in 2025 against €6,094 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67,809
Fixed assets
€500 ▼ 65.1%
Current assets
€67,309 ▼ 27.1%
Key figures and ratios
EBITDA
-€28,890▼
2024 · -€2,930
Cash flow
-€34,499▼
2024 · -€5,594
Solvency
-46.1%▼
2024 · 4.5%
Current ratio
0.70▼
2024 · 1.11
Debt to equity
-3.17▼
2024 · 21.40
ROA
-52.3%▼
2024 · -9.3%
Interest coverage
-5.24▼
2024 · -1.05
Debt ≤ 1 year
€96,759▲
2024 · €82,951
Income taxes
€501▲
2024 · €405
Staff costs
€102,939▼
2024 · €120,227
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,035 companies that looked in July 2024 the way this one looks now, 7.2% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.2%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 6,035 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €467 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €120,320 | €86,677 | €113,398 | €120,227 | €102,939 | ▼ 14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,202 | €6,752 | €5,153 | €3,163 | €935 | ▼ 70.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €10,419 | €1,000 | €0 | ▼ 100% |
| Other operating charges640/8 | €4,215 | €2,328 | €871 | €2,565 | €980 | ▼ 61.8% |
| Gross operating margin9900 | €135,698 | €83,835 | €137,593 | €120,862 | €75,029 | ▼ 37.9% |
| Operating profit (loss)9901 | €960 | -€11,922 | €7,751 | -€6,094 | -€29,825 | ▼ 389% |
| Financial income75/76B | €770 | €428 | €441 | €533 | €406 | ▼ 23.8% |
| Recurring financial income75 | €770 | €428 | €441 | €533 | €406 | ▼ 23.8% |
| Financial charges65/66B | €2,667 | €2,666 | €2,682 | €2,792 | €5,513 | ▲ 97.5% |
| Recurring financial charges65 | €2,667 | €2,666 | €2,682 | €2,792 | €5,513 | ▲ 97.5% |
| Profit (loss) for the period before taxes9903 | -€936 | -€14,160 | €5,510 | -€8,352 | -€34,932 | ▼ 318% |
| Income taxes67/77 | €1,050 | €381 | €1,040 | €405 | €501 | ▲ 23.8% |
| Profit (loss) for the period9904 | -€1,986 | -€14,542 | €4,470 | -€8,757 | -€35,433 | ▼ 305% |
| Profit (loss) for the period to be appropriated9905 | -€1,986 | -€14,542 | €4,470 | -€8,757 | -€35,433 | ▼ 305% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €128,731 | €107,306 | €97,110 | €93,740 | €67,809 | ▼ 27.7% |
| Fixed assets21/28 | €15,563 | €9,751 | €4,598 | €1,435 | €500 | ▼ 65.1% |
| Intangible fixed assets21 | €13,944 | €8,046 | €3,701 | €851 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1,118 | €1,205 | €397 | €83 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,118 | €1,205 | €397 | €83 | €0 | ▼ 100% |
| Financial fixed assets28 | €500 | €500 | €500 | €500 | €500 | = |
| Current assets29/58 | €113,169 | €97,555 | €92,512 | €92,305 | €67,309 | ▼ 27.1% |
| Amounts receivable within one year40/41 | €110,833 | €92,925 | €88,475 | €87,110 | €62,270 | ▼ 28.5% |
| Trade receivables40 | €106,301 | €84,749 | €79,936 | €79,901 | €54,213 | ▼ 32.1% |
| Other amounts receivable41 | €4,532 | €8,176 | €8,539 | €7,209 | €8,056 | ▲ 11.8% |
| Cash at bank and in hand54/58 | €217 | €574 | €1,212 | €599 | €718 | ▲ 19.7% |
| Deferred charges and accrued income490/1 | €2,118 | €4,056 | €2,825 | €4,596 | €4,322 | ▼ 6.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €128,731 | €107,306 | €97,110 | €93,740 | €67,809 | ▼ 27.7% |
| Equity10/15 | €23,014 | €8,472 | €12,942 | €4,185 | -€31,248 | ▼ 847% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€1,986 | -€16,528 | -€12,058 | -€20,815 | -€56,248 | ▼ 170% |
| Amounts payable17/49 | €105,718 | €98,834 | €84,167 | €89,555 | €99,057 | ▲ 10.6% |
| Amounts payable after more than one year17 | €2,829 | €0 | - | - | - | - |
| Financial debts170/4 | €2,829 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €102,828 | €98,659 | €82,131 | €82,951 | €96,759 | ▲ 16.6% |
| Current portion of amounts payable after more than one year42 | €8,410 | €2,829 | €0 | - | - | - |
| Financial debts43 | €33,297 | €25,303 | €27,652 | €39,458 | €42,805 | ▲ 8.5% |
| Credit institutions430/8 | €33,297 | €25,303 | €27,652 | €39,458 | €42,805 | ▲ 8.5% |
| Trade debts44 | €16,447 | €24,815 | €11,809 | €20,979 | €16,904 | ▼ 19.4% |
| Suppliers440/4 | €16,447 | €24,815 | €11,809 | €20,979 | €16,904 | ▼ 19.4% |
| Taxes, remuneration and social security45 | €39,320 | €35,648 | €40,170 | €22,441 | €37,028 | ▲ 65.0% |
| Taxes450/3 | €19,408 | €16,283 | €15,859 | €7,989 | €16,152 | ▲ 102% |
| Remuneration and social security454/9 | €19,912 | €19,365 | €24,311 | €14,453 | €20,876 | ▲ 44.4% |
| Other amounts payable47/48 | €5,354 | €10,063 | €2,500 | €72 | €22 | ▼ 69.2% |
| Accrued charges and deferred income492/3 | €60 | €176 | €2,037 | €6,604 | €2,298 | ▼ 65.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,986 | -€14,542 | €4,470 | -€8,757 | -€35,433 | ▼ 305% |
| + Depreciation and write-downs630 | €10,202 | €6,752 | €5,153 | €3,163 | €935 | ▼ 70.5% |
| Operating cash flow (approximation) | €8,216 | -€7,790 | €9,623 | -€5,594 | -€34,499 | ▼ 517% |
| Investment in fixed assets (approximation) | - | -€940 | €0 | €0 | €0 | - |
| Change in cash | - | €357 | €637 | -€612 | €118 | ▲ 119% |
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
Next filing, fiscal year 2026, expected by
2026
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€35,433
Net result drops to -€35,433, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €4,470
Net result €4,470 after 2 loss-making years.
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
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, Pelt · 1 establishment unit since 2020
Ground area
1,076 m²
Building footprint
237 m²
Volume, LiDAR
1,838 m³
Parcel 72033B0936/00E010, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KARABIJN
since 20202.301.077.748
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72033B0936/00E010 | Flanders | 1,076 m² | 1 · 237 m² | 10.9 m · 3 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 9,864 companies in sector 73110 we hold annual accounts for 3,752. 1,367 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
Founded07-04-2020
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
63920Other information service activities
70200Business and other management consultancy
73300Public relations and communication consultancy
Contact
Website
www.karabijn.be
E-mail
info@karabijn.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0745874669
Also
9925:BE0745874669
Registered
17-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.