KARAET
ActiveSummary
KARAET has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €108k and a net result of €20k. Equity is growing by ~16.9% per year across the filed fiscal years. Its solvency ranks better than 78% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability88▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 5.44 against 4.32 in 2024; short-term debt: 17.3% and cash: 11.4% of total assets), and 17.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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
82.7%
Return on assets
15.1%
Age of the figures
9 mo
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 · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-09-2026, 32 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
32 d late
2024
29 d late
2023
106 d late
2022
31 d late
2021
2 d early
2020
25 d late
2019
2 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€108k▲ 22.4%
2024 · €88k
2018: €39k
2019: €46k▲ +16.3% vs 2018
2020: €29k▼ -36.9% vs 2019
2021: €16k▼ -42.9% vs 2020lowest in 8 years
2022: €40k▲ +142% vs 2021
2023: €70k▲ +76.6% vs 2022
2024: €88k▲ +25.4% vs 2023
2025: €108k▲ +22.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€130k▲ 17.5%
2024 · €111k
2018: €55klowest in 8 years
2019: €69k▲ +25.9% vs 2018
2020: €58k▼ -16.1% vs 2019
2021: €79k▲ +35.9% vs 2020
2022: €92k▲ +16.2% vs 2021
2023: €89k▼ -3.6% vs 2022
2024: €111k▲ +25.2% vs 2023
2025: €130k▲ +17.5% vs 2024highest in 8 years
2018 → 2025
Net result
€20k▲ 10.3%
2024 · €18k
2018: €8k
2019: €16k▲ +89.1% vs 2018
2020: €-17k▼ -206% vs 2019lowest in 8 years
2021: €-12k▲ +26.6% vs 2020
2022: €23k▲ +289% vs 2021
2023: €31k▲ +30.7% vs 2022highest in 8 years
2024: €18k▼ -41.4% vs 2023
2025: €20k▲ +10.3% vs 2024
2018 → 2025
Working capital
€100k▲ 32.0%
2024 · €76k
2018: €15k
2019: €25k▲ +70.2% vs 2018
2020: €9k▼ -64.5% vs 2019
2021: €-7k▼ -184% vs 2020lowest in 8 years
2022: €21k▲ +386% vs 2021
2023: €46k▲ +119% vs 2022
2024: €76k▲ +64.7% vs 2023
2025: €100k▲ +32.0% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€16k-€40k▲ 142%€70k▲ 76.6%€88k▲ 25.4%€108k▲ 22.4%
2021: €16klowest in 5 years
2022: €40k▲ +142% vs 2021
2023: €70k▲ +76.6% vs 2022
2024: €88k▲ +25.4% vs 2023
2025: €108k▲ +22.4% vs 2024highest in 5 years
Operating result€54k-€45k▼ 16.3%€46k▲ 1.6%€25k▼ 46.1%€28k▲ 14.4%
2021: €54khighest in 5 years
2022: €45k▼ -16.3% vs 2021
2023: €46k▲ +1.6% vs 2022
2024: €25k▼ -46.1% vs 2023lowest in 5 years
2025: €28k▲ +14.4% vs 2024
Net result€-12k-€23k€31k▲ 30.7%€18k▼ 41.4%€20k▲ 10.3%
2021: €-12klowest in 5 years
2022: €23k▲ +289% vs 2021
2023: €31k▲ +30.7% vs 2022highest in 5 years
2024: €18k▼ -41.4% vs 2023
2025: €20k▲ +10.3% vs 2024
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 14% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130k
Fixed assets
€8k ▼ 36.2%
Current assets
€123k ▲ 24.2%
Equity and liabilities €130k
Equity
€108k ▲ 22.4%
Debt
€23k ▼ 1.5%
Debt's share of the balance-sheet total falls from 20.6% to 17.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33k▲
2024 · €30k
Cash flow
€24k▲
2024 · €24k
Current ratio
5.44▲
2024 · 4.32
Debt to equity
0.21▼
2024 · 0.26
ROE
18.3%▼
2024 · 20.3%
ROA
15.1%▼
2024 · 16.1%
Interest coverage
587.94▲
2024 · 323.18
Debt ≤ 1 year
€23k▼
2024 · €23k
Income taxes
€10k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€111k€130k▲
Fixed assets21/28€12k€8k▼
Tangible fixed assets22/27€12k€8k▼
Land and buildings22€3k€2k▼
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€6k€4k▼
Current assets29/58€99k€123k▲
Amounts receivable within one year40/41€53k€90k▲
Trade receivables40€30k€13k▼
Other amounts receivable41€23k€76k▲
Current investments50/53€22k€18k▼
Cash at bank and in hand54/58€24k€15k▼
Equity and liabilities
Total equity and liabilities10/49€111k€130k▲
Equity10/15€88k€108k▲
Contributions10/11€3k€3k=
Outside capital11€3k€3k=
Other1109/19€3k€3k=
Reserves13€85k€105k▲
Non-distributable reserves130/1€300€300=
Reserves not available under the articles1311€300€300=
Distributable reserves133€85k€105k▲
Amounts payable17/49€23k€23k▼
Amounts payable within one year42/48€23k€23k▼
Trade debts44€877€6k▲
Suppliers440/4€877€6k▲
Taxes, remuneration and social security45€22k€17k▼
Taxes450/3€22k€17k▼
Income statement
Code20242025
Non-recurring operating income76A€13k-
Remuneration, social security and pensions62€4k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€4k▼
Other operating charges640/8€858€864▲
Gross operating margin9900€35k€33k▼
Operating profit (loss)9901€25k€28k▲
Financial income75/76B€497€2k▲
Recurring financial income75€497€2k▲
Financial charges65/66B€94€55▼
Recurring financial charges65€94€55▼
Profit (loss) for the period before taxes9903€25k€30k▲
Income taxes67/77€7k€10k▲
Profit (loss) for the period9904€18k€20k▲
Profit (loss) for the period to be appropriated9905€18k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€18k€20k▲
Transfer to equity691/2€18k€20k▲
To other reserves6921€18k€20k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €13k | - | - |
| Remuneration, social security and pensions62 | - | €2k | €2k | €4k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5k | €5k | €6k | €6k | €4k | ▼ 21.3% |
| Other operating charges640/8 | €807 | €299 | €797 | €858 | €864 | ▲ 0.7% |
| Gross operating margin9900 | €60k | €52k | €55k | €35k | €33k | ▼ 4.7% |
| Operating profit (loss)9901 | €54k | €45k | €46k | €25k | €28k | ▲ 14.4% |
| Financial income75/76B | €6 | - | - | €497 | €2k | ▲ 288% |
| Recurring financial income75 | €6 | - | - | €497 | €2k | ▲ 288% |
| Financial charges65/66B | €66k | €9k | €76 | €94 | €55 | ▼ 40.8% |
| Recurring financial charges65 | €66k | €32 | €76 | €94 | €55 | ▼ 40.8% |
| Non-recurring financial charges66B | - | €9k | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €-12k | €36k | €45k | €25k | €30k | ▲ 20.1% |
| Income taxes67/77 | €328 | €13k | €15k | €7k | €10k | ▲ 44.8% |
| Profit (loss) for the period9904 | €-12k | €23k | €31k | €18k | €20k | ▲ 10.3% |
| Profit (loss) for the period to be appropriated9905 | €-12k | €23k | €31k | €18k | €20k | ▲ 10.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79k | €92k | €89k | €111k | €130k | ▲ 17.5% |
| Fixed assets21/28 | €24k | €19k | €24k | €12k | €8k | ▼ 36.2% |
| Tangible fixed assets22/27 | €24k | €19k | €24k | €12k | €8k | ▼ 36.2% |
| Land and buildings22 | €13k | €10k | €7k | €3k | €2k | ▼ 38.8% |
| Plant, machinery and equipment23 | €4k | €3k | €3k | €3k | €2k | ▼ 16.6% |
| Furniture and vehicles24 | €7k | €5k | €15k | €6k | €4k | ▼ 42.7% |
| Current assets29/58 | €55k | €73k | €64k | €99k | €123k | ▲ 24.2% |
| Amounts receivable within one year40/41 | €27k | €26k | €19k | €53k | €90k | ▲ 71.0% |
| Trade receivables40 | €27k | €26k | €16k | €30k | €13k | ▼ 55.1% |
| Other amounts receivable41 | - | - | €3k | €23k | €76k | ▲ 239% |
| Current investments50/53 | €16k | €13k | €19k | €22k | €18k | ▼ 19.0% |
| Cash at bank and in hand54/58 | €12k | €34k | €27k | €24k | €15k | ▼ 38.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79k | €92k | €89k | €111k | €130k | ▲ 17.5% |
| Equity10/15 | €16k | €40k | €70k | €88k | €108k | ▲ 22.4% |
| Contributions10/11 | €3k | €3k | €3k | €3k | €3k | = |
| Outside capital11 | €3k | €3k | €3k | €3k | €3k | = |
| Other1109/19 | €3k | €3k | €3k | €3k | €3k | = |
| Reserves13 | €16k | €37k | €67k | €85k | €105k | ▲ 23.2% |
| Non-distributable reserves130/1 | €300 | €300 | €300 | €300 | €300 | = |
| Reserves not available under the articles1311 | €300 | €300 | €300 | €300 | €300 | = |
| Distributable reserves133 | €16k | €37k | €67k | €85k | €105k | ▲ 23.2% |
| Profit (loss) carried forward14 | €-3k | - | - | - | - | - |
| Amounts payable17/49 | €63k | €52k | €18k | €23k | €23k | ▼ 1.5% |
| Amounts payable within one year42/48 | €63k | €52k | €18k | €23k | €23k | ▼ 1.5% |
| Trade debts44 | €3k | €5k | €3k | €877 | €6k | ▲ 539% |
| Suppliers440/4 | €3k | €5k | €3k | €877 | €6k | ▲ 539% |
| Taxes, remuneration and social security45 | €9k | €15k | €15k | €22k | €17k | ▼ 23.1% |
| Taxes450/3 | €9k | €15k | €15k | €22k | €17k | ▼ 23.1% |
| Other amounts payable47/48 | €51k | €33k | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-12k | €23k | €31k | €18k | €20k | ▲ 10.3% |
| + Depreciation and write-downs630 | €5k | €5k | €6k | €6k | €4k | ▼ 21.3% |
| Operating cash flow (approximation) | €-7k | €28k | €37k | €24k | €24k | ▲ 2.7% |
| Investment in fixed assets (approximation) | - | €0 | €-12k | €6k | €0 | ▼ 100% |
| Change in cash | - | €21k | €-7k | €-2k | €-9k | ▼ 273% |
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
01-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 32 days late
2025
31-12
Financial
Equity above €100kEq €108k ▲22.4%
4 profitable years in a row build equity to €108k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
14-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 106 days late
2023
31-12
Financial
Highest result since 2018net €31k ▲30.7%
Net result €31k, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 3.50
Current ratio from 1.40 to 3.50; short-term debt falls from €52k to €18k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Back to profitnet €23k
Net result €23k after 2 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
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, Rumst · 1 establishment unit since 2014
Ground area
924 m²
Building footprint
165 m²
Volume, LiDAR
509 m³
Parcel 11036A0287/00D000, Flanders · tallest building 9.3 m, ±1 floor. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Karaet
since 20142.226.863.444
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11036A0287/00D000 | Flanders | 924 m² | 1 · 165 m² | 9.3 m · 1 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.
Recognitions · licences · registrations
Legal Entity Identifier
254900AS5FLXZTKOB953
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Of 82,553 companies in sector 70200 we hold annual accounts for 52,585. 40,722 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 (pre-2019)
Founded03-01-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
62200Computer consultancy and computer facilities management
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.