Karakaya Group

Active

Private limited companyfounded 2025active for 1 yearRechtstro 28, 9185 Lochristi, BelgiumKBO/BCE: BE 1023.642.186

Summary

The computed 12-month bankruptcy probability of Karakaya Group is 4.4% (elevated). The 2025 annual accounts show negative equity (-€6,063) and a net result of -€7,063. Its solvency ranks better than 9% of 34,747 sector peers (NACE 43, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow Report Compare

Karakaya GroupActiveChecked score 35/100

Risk analysis Report Compare

Activity

General electrical installation work

NACE 43211

1 site

Size

€114,221total assets 2025

Equity: -€6,063
Loss: -€7,063

Turnover not published (micro format)

Financial health

35 Weak Checked score 2025

Bankruptcy probabilitywithin 12 months: 4.4%

Structure

Karakaya, BurakDirector

2025 accounts filed 34 days late

Why 35raises riskLiquidity: current ratio 0.88, cash €9Founded in 2025Sector: Specialised construction activities (NACE 43)Last filed accounts filed 34 days late; 1 of the last 3 lateShow the evidence

Checked score

Score 2025

35 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 9% of its sector peers (NACE 43, micro)

Every signal that counts is listed under Signals.

Financial strength

Weak

Solvency 20

equity -5.3% of total assets

Liquidity 16

short-term debt 65.0% · cash 0.0%

Profitability 11

return on assets -6.2%

Bankruptcy probability, 12 months

4.4% Elevated

0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,644 companies, NACE 43, micro)

Last 24 months 06-2026: 1.9%lowest value 07-2026: 1.9%● unchanged vs 06-2026lowest value 08-2026: 2.0%▲ +0.1 percentage points vs 07-2026 09-2026: 2.3%▲ +0.3 percentage points vs 08-2026 10-2026: 4.4%▲ +2.1 percentage points vs 09-2026highest value

No credit on open account

Liquidity insufficient (current ratio 0.88, below 1; short-term debt: 65% and cash: 0% of total assets), and equity is negative.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 7% on solvency, 9% on liquidity and 12% on profitability.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

raises risk

Liquidity: current ratio 0.88, cash €9

NBB · annual accounts

Founded in 2025

Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.

KBO

Sector: Specialised construction activities (NACE 43)

KBO

Last filed accounts filed 34 days late; 1 of the last 3 late

NBB · filings

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

2025 accounts filed 34 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-09-2026, 34 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 1 filing

Deviation from the deadline

2025

34 days late

← before the deadline after the deadline →

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since incorporation in 2025.

KBO publications · our coverage

03-09-2026 Annual accounts filedfinancial year 2025 · micro…
27-05-2025 IncorporationAppointment: Karakaya, Burak (director) ·…

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€6,063 View
Caution: Among the weakest 8% on equitysector median €57,780 · 34,759 companies -€6,063 View
Founded 17 months agofounded 23-05-2025 17 months View

By topic

Financials

Financial year: 2025
Total assets: €114,221
Loss: -€7,063
Solvency: -5.3%

Go to Financials

Board & ownership

Board: 1 member

Karakaya, BurakDirector

Go to Board & ownership

Timeline

Events: 2
Since: 2025

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: General electrical installation workNACE 43211
Founded: 23-05-2025
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 11

Who signs: Each director alone
Annual meeting: Fourth Thursday of May at 10:00
Purpose: “Het uitvoeren van algemene bouwwerken, het bouwen van stellingen, het invoegen en reinigen…” (deed in Dutch)
Statutory auditor: No statutory auditor

Go to Articles of association

Key facts about Karakaya Group

What is the company number of Karakaya Group?: 1023.642.186. In Belgium the VAT number is the company number with BE in front: BE 1023.642.186.
Where is Karakaya Group based?: The registered office is at Rechtstro 28, 9185 Lochristi.Company details
What does Karakaya Group do?: According to the KBO register, the main activity is general electrical installation work (NACE 43211).
What is the legal form of Karakaya Group?: Private limited company (BV).
When was Karakaya Group founded?: On 23-05-2025.
Is Karakaya Group still active?: Yes, Karakaya Group is an active enterprise in the KBO register.
What is the turnover of Karakaya Group?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
Is Karakaya Group profitable?: In financial year 2025, Karakaya Group made a loss of €7,063.
Where can I find the annual accounts of Karakaya Group?: Karakaya Group filed 1 annual account with the National Bank of Belgium, for financial year 2025.