KARADAG 2
ActiveKARADAG 2 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €117k and a net result of €16k. Equity is growing by ~22.5% per year across the filed fiscal years. Its solvency ranks better than 27% of 10242 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
71
/ 100
Healthy▲ +20 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▲+58
Solvency24▲+1
Growth76=
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 1.06 in 2024), and 82.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
17.4%
Return on assets
2.4%
Age of the figures
8 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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 · 7 filingsDeviation from the deadline
2025
30 d late
2024
71 d late
2023
26 d late
2022
31 d late
2021
31 d late
2020
90 d late
2019
92 d late
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€2.62M▲ 17.2%
2021 · €2.24M
2019: €1.87M
2020: €2.14M
2021: €2.24M
2019 → 2022
EBIT margin
2.7%▲ 0.6pp
2021 · 2.2%
2019: 0.6%
2020: 0.7%
2021: 2.2%
2019 → 2022
Net result
€16k▲ 681%
2024 · €2k
2019: €370
2020: €5k
2021: €23k
2022: €32k
2023: €19k
2024: €2k
2019 → 2025
Working capital
€23k▼ 33.5%
2024 · €34k
2019: €-72k
2020: €-54k
2021: €-16k
2022: €22k
2023: €53k
2024: €34k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.24M-€2.62M▲ 17.2%
Equity€47k-€79k▲ 68.6%€99k▲ 24.3%€101k▲ 2.1%€117k▲ 15.9%
Operating result€48k-€71k▲ 47.9%€46k▼ 35.8%€22k▼ 51.5%€59k▲ 166%
Net result€23k-€32k▲ 37.9%€19k▼ 40.4%€2k▼ 89.4%€16k▲ 681%
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 recovers in 2025; 2025 is 166% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €670k
Fixed assets
€94k▲ 41.6%
Current assets
€576k▲ 1.4%
Equity and liabilities €670k
Equity
€117k▲ 15.9%
Debt
€553k▲ 3.6%
The debt ratio falls from 84.1% to 82.6%: equity grows faster than debt.
Key figures and ratios
EBITDA
€78k▲
2024 · €39k
Cash flow
€35k▲
2024 · €18k
Solvency
17.4%▲
2024 · 15.9%
Current ratio
1.04▼
2024 · 1.06
Quick ratio
0.70▼
2024 · 0.71
Debt / equity
4.75▼
2024 · 5.31
ROE
13.7%▲
2024 · 2.0%
ROA
2.4%▲
2024 · 0.3%
Interest coverage
4.88▲
2024 · 2.98
Debt
€553k▲
2024 · €534k
Debt ≤ 1 year
€553k▲
2024 · €534k
Income taxes
€27k▲
2024 · €7k
Staff costs
€204k▼
2024 · €236k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€634k€670k▲
Fixed assets21/28€66k€94k▲
Tangible fixed assets22/27€42k€70k▲
Plant, machinery and equipment23€9k€22k▲
Furniture and vehicles24€7k€20k▲
Other tangible fixed assets26€25k€28k▲
Financial fixed assets28€24k€24k=
Current assets29/58€568k€576k▲
Amounts receivable after more than one year29€0€0=
Other amounts receivable291€0€0=
Stocks and contracts in progress3€188k€190k▲
Stocks30/36€188k€190k▲
Amounts receivable within one year40/41€294k€369k▲
Trade receivables40€245k€325k▲
Other amounts receivable41€49k€44k▼
Cash at bank and in hand54/58€86k€12k▼
Deferred charges and accrued income490/1-€5k
Equity and liabilities
Total equity and liabilities10/49€634k€670k▲
Equity10/15€101k€117k▲
Contributions10/11€19k€19k=
Reserves13€370€370=
Non-distributable reserves130/1€370€370=
Reserves not available under the articles1311€370€370=
Profit (loss) carried forward14€82k€98k▲
Amounts payable17/49€534k€553k▲
Amounts payable within one year42/48€534k€553k▲
Trade debts44€434k€390k▼
Suppliers440/4€434k€390k▼
Taxes, remuneration and social security45€39k€35k▼
Taxes450/3€9k€15k▲
Remuneration and social security454/9€30k€20k▼
Other amounts payable47/48€60k€129k▲
Income statement
Code20242025
Remuneration, social security and pensions62€236k€204k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€19k▲
Other operating charges640/8€37k€45k▲
Gross operating margin9900€312k€327k▲
Operating profit (loss)9901€22k€59k▲
Financial income75/76B€0€256▲
Recurring financial income75€0€256▲
Financial charges65/66B€13k€16k▲
Recurring financial charges65€13k€16k▲
Profit (loss) for the period before taxes9903€9k€43k▲
Income taxes67/77€7k€27k▲
Profit (loss) for the period9904€2k€16k▲
Profit (loss) for the period to be appropriated9905€2k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€82k€98k▲
Profit (loss) brought forward from the previous period14P€80k€82k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 30 days late
2025
10-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 71 days late
2024
31-12
Financial
Equity above €100kEq €101k ▲2.1%
6 profitable years in a row build equity to €101k.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Highest result since 2019net €32k ▲37.9%
Operating result €71k, net result €32k, both a record.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Seraing · 2 establishment units since 2018
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.
Boulevard Pasteur 44100 SeraingGround area
8,857 m²
Building footprint
4,020 m²
Volume, LiDAR
24,338 m³
2 parcels, Wallonia · tallest building 12.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
NURI BABA
since 20182.278.455.764
NUR EXPORT
since 20182.281.918.367
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62353D0301/00W034indicative | Wallonia | 6,056 m² | 1 · 3,058 m² | 12.5 m · 2 fl. |
| 62353D0301/00F034 | Wallonia | 2,800 m² | 1 · 961 m² | 10.5 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteSeraing2.278.455.764
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Of 10,411 companies in sector 47110 we hold annual accounts for 5,787. 4,532 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-2018
Fiscal year end31-12
Activities, NACEBEL
47110Non-specialised retail sale with food, beverages or tobacco predominating
47112Retail trade
47113Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.