KARABOUTCHA
ActiveSummary
KARABOUTCHA has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €372,972 and a net result of €19,082. Equity is growing by ~5.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 7071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability73=
Solvency85▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity short (current ratio 0.71 against 1.05 in 2024; short-term debt: 17.8% and cash: 1.7% of total assets), and 39.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
60.3%
Return on assets
3.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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
20 d late
2024
27 d late
2023
29 d late
2022
29 d late
2021
19 d late
2020
26 d late
2019
56 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 29 days after 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
€372,972▲ 5.4%
2024 · €353,890
Total assets
€618,994▼ 7.5%
2024 · €669,041
Net result
€19,082▼ 12.7%
2024 · €21,848
Working capital
-€31,798
2024 · €6,412
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€27,105▼ 67.0%€37,310▲ 37.7%€56,416▲ 51.2%€45,204▼ 19.9%€39,778▼ 12.0%
Net result€4,853▼ 91.0%€13,728▲ 183%€29,213▲ 113%€21,848▼ 25.2%€19,082▼ 12.7%
Equity€289,101▲ 1.7%€302,830▲ 4.7%€332,043▲ 9.6%€353,890▲ 6.6%€372,972▲ 5.4%
Total assets€687,726▼ 6.7%€681,171▼ 1.0%€644,005▼ 5.5%€669,041▲ 3.9%€618,994▼ 7.5%
Debt€398,625▼ 11.9%€378,341▼ 5.1%€311,962▼ 17.5%€315,151▲ 1.0%€246,022▼ 21.9%
Working capital-€13,473-€31,011▼ 130%-€24,069▲ 22.4%€6,412-€31,798
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €618,994
Fixed assets
€540,309 =
Current assets
€78,685 ▼ 38.8%
Equity and liabilities €618,994
Equity
€372,972 ▲ 5.4%
Debt
€246,022 ▼ 21.9%
Debt's share of the balance-sheet total falls from 47.1% to 39.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€97,225▲
2024 · €96,573
Cash flow
€76,529▲
2024 · €73,217
Current ratio
0.71▼
2024 · 1.05
Debt to equity
0.66▼
2024 · 0.89
ROE
5.1%▼
2024 · 6.2%
ROA
3.1%▼
2024 · 3.3%
Interest coverage
7.92▲
2024 · 7.10
Debt ≤ 1 year
€110,483▼
2024 · €122,205
Debt > 1 year
€135,539▼
2024 · €192,045
Income taxes
€8,414▼
2024 · €9,760
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,684 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 14,684 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €51,324 | €53,739 | €54,493 | €51,369 | €57,447 | ▲ 11.8% |
| Other operating charges640/8 | €5,748 | €7,531 | €6,256 | €7,445 | €6,586 | ▼ 11.5% |
| Gross operating margin9900 | €84,176 | €98,581 | €117,165 | €104,018 | €103,811 | ▼ 0.2% |
| Operating profit (loss)9901 | €27,105 | €37,310 | €56,416 | €45,204 | €39,778 | ▼ 12.0% |
| Financial income75/76B | - | €2 | €1 | €0 | €0 | ▼ 35.0% |
| Recurring financial income75 | - | €2 | €1 | €0 | €0 | ▼ 35.0% |
| Financial charges65/66B | €19,870 | €16,437 | €14,304 | €13,598 | €12,282 | ▼ 9.7% |
| Recurring financial charges65 | €19,870 | €16,437 | €14,304 | €13,598 | €12,282 | ▼ 9.7% |
| Profit (loss) for the period before taxes9903 | €7,235 | €20,875 | €42,114 | €31,607 | €27,496 | ▼ 13.0% |
| Income taxes67/77 | €2,382 | €7,146 | €12,901 | €9,760 | €8,414 | ▼ 13.8% |
| Profit (loss) for the period9904 | €4,853 | €13,728 | €29,213 | €21,848 | €19,082 | ▼ 12.7% |
| Profit (loss) for the period to be appropriated9905 | €4,853 | €13,728 | €29,213 | €21,848 | €19,082 | ▼ 12.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €687,726 | €681,171 | €644,005 | €669,041 | €618,994 | ▼ 7.5% |
| Fixed assets21/28 | €619,963 | €602,234 | €560,548 | €540,424 | €540,309 | = |
| Tangible fixed assets22/27 | €619,904 | €602,175 | €560,489 | €540,365 | €540,250 | = |
| Land and buildings22 | €598,657 | €569,553 | €532,749 | €501,728 | €485,002 | ▼ 3.3% |
| Furniture and vehicles24 | €21,247 | €32,622 | €27,740 | €38,637 | €55,248 | ▲ 43.0% |
| Financial fixed assets28 | €59 | €59 | €59 | €59 | €59 | = |
| Current assets29/58 | €67,763 | €78,937 | €83,456 | €128,618 | €78,685 | ▼ 38.8% |
| Amounts receivable within one year40/41 | €66,226 | €52,819 | €81,193 | €96,099 | €66,416 | ▼ 30.9% |
| Trade receivables40 | - | €4,756 | - | €16,093 | - | - |
| Other amounts receivable41 | €66,226 | €48,063 | €81,193 | €80,006 | €66,416 | ▼ 17.0% |
| Cash at bank and in hand54/58 | €84 | €20,435 | €43 | €29,953 | €10,369 | ▼ 65.4% |
| Deferred charges and accrued income490/1 | €1,453 | €5,683 | €2,221 | €2,566 | €1,899 | ▼ 26.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €687,726 | €681,171 | €644,005 | €669,041 | €618,994 | ▼ 7.5% |
| Equity10/15 | €289,101 | €302,830 | €332,043 | €353,890 | €372,972 | ▲ 5.4% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | = |
| Capital10 | €18,592 | €18,592 | - | - | - | - |
| Issued capital100 | €18,592 | €18,592 | - | - | - | - |
| Reserves13 | €1,859 | €15,587 | €63,392 | €66,648 | €85,730 | ▲ 28.6% |
| Non-distributable reserves130/1 | €1,859 | €1,859 | - | - | - | - |
| Legal reserve130 | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | - | €13,728 | €63,392 | €66,648 | €85,730 | ▲ 28.6% |
| Profit (loss) carried forward14 | €268,650 | €268,650 | €268,650 | €268,650 | €268,650 | = |
| Amounts payable17/49 | €398,625 | €378,341 | €311,962 | €315,151 | €246,022 | ▼ 21.9% |
| Amounts payable after more than one year17 | €317,389 | €268,393 | €204,436 | €192,045 | €135,539 | ▼ 29.4% |
| Financial debts170/4 | €315,455 | €266,459 | €202,503 | €190,112 | €133,605 | ▼ 29.7% |
| Other amounts payable178/9 | €1,933 | €1,933 | €1,933 | €1,933 | €1,933 | = |
| Amounts payable within one year42/48 | €81,236 | €109,948 | €107,526 | €122,205 | €110,483 | ▼ 9.6% |
| Current portion of amounts payable after more than one year42 | €64,159 | €70,750 | €69,237 | €77,399 | €69,264 | ▼ 10.5% |
| Financial debts43 | €5,868 | €16 | €2,160 | - | - | - |
| Credit institutions430/8 | €5,868 | €16 | €2,160 | - | - | - |
| Trade debts44 | €4,127 | €5,590 | €3,844 | €4,707 | €10,341 | ▲ 120% |
| Suppliers440/4 | €4,127 | €5,590 | €3,844 | €4,707 | €10,341 | ▲ 120% |
| Taxes, remuneration and social security45 | €7,082 | €33,592 | €32,285 | €40,100 | €30,879 | ▼ 23.0% |
| Taxes450/3 | €7,082 | €33,592 | €32,285 | €40,100 | €30,879 | ▼ 23.0% |
| Accrued charges and deferred income492/3 | - | - | - | €900 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,853 | €13,728 | €29,213 | €21,848 | €19,082 | ▼ 12.7% |
| + Depreciation and write-downs630 | €51,324 | €53,739 | €54,493 | €51,369 | €57,447 | ▲ 11.8% |
| Operating cash flow (approximation) | €56,177 | €67,468 | €83,706 | €73,217 | €76,529 | ▲ 4.5% |
| Investment in fixed assets (approximation) | - | -€36,010 | -€12,807 | -€31,244 | -€57,333 | ▼ 83.5% |
| Change in cash | - | €20,351 | -€20,393 | €29,910 | -€19,583 | ▼ 165% |
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
20-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 20 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 19 days late
2021
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
31-12
Financial
Back to profitnet €54,021
Net result €54,021 after one loss-making year.
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 56 days late
2019
31-12
Financial
Weakest financial yearnet -€1,689
Net result drops to -€1,689, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 24 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Charleroi · 1 establishment unit since 2001
Ground area
381 m²
Building footprint
58 m²
Volume, LiDAR
669 m³
Parcel 52050A0181/00V017, Wallonia · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Rue Jules Bordet 31, 6032 Charleroi
since 20012.156.898.631
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52050A0181/00V017 | Wallonia | 380 m² | 1 · 58 m² | 13.9 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 9,864 companies in sector 73110 we hold annual accounts for 3,752. 2,381 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
Founded10-07-2001
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0475253181
Registered
03-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.