KARAL
ActiveSummary
The computed 12-month bankruptcy probability of KARAL is 4.1% (elevated). The 2025 annual accounts show negative equity (€-21k) and a net result of €13k. Equity is shrinking by ~64.4% per year across the filed fiscal years. Its solvency ranks better than 19% of 13417 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+12
Solvency2▲+2
Growth58=
Track record100
Bankruptcy probability, 12 months
4.1%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.67 against 0.56 in 2024; short-term debt: 122.5% and cash: 45.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-22.5%
Return on assets
13.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 13417 sector peers (2025).
NBB · sector comparisonPosition among 13417 sector peers
Solvency
better than 19%
← weakest
strongest →
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 19-07-2026, 12 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
12 d early
2024
16 d late
2023
31 d late
2022
7 d early
2021
33 d early
2020
36 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, micro schema
Equity
€-21k▲ 38.2%
2024 · €-33k
Total assets
€91k▼ 9.6%
2024 · €101k
Net result
€13k▲ 200%
2024 · €4k
Working capital
€-37k▲ 38.0%
2024 · €-59k
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€-14k€-21k▼ 46.2%€-26k▼ 25.1%€4k€13k▲ 191%
Net result€-14k€-21k▼ 46.4%€-26k▼ 24.5%€4k€13k▲ 200%
Equity€9k▼ 60.9%€-12k€-38k▼ 222%€-33k▲ 11.3%€-21k▲ 38.2%
Total assets€49k▲ 108%€96k▲ 97.7%€112k▲ 16.6%€101k▼ 9.7%€91k▼ 9.6%
Debt€39k▲ 328,565%€108k▲ 173%€149k▲ 38.8%€134k▼ 10.1%€112k▼ 16.7%
Working capital€6k▼ 74.4%€-57k€-73k▼ 28.0%€-59k▲ 19.1%€-37k▲ 38.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 191% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91k
Fixed assets
€16k ▼ 37.8%
Current assets
€75k ▼ 0.1%
Key figures and ratios
EBITDA
€23k▲
2024 · €14k
Cash flow
€22k▲
2024 · €14k
Solvency
-22.5%▲
2024 · -32.9%
Current ratio
0.67▲
2024 · 0.56
Debt to equity
-5.44▼
2024 · -4.04
ROA
13.9%▲
2024 · 4.2%
Interest coverage
150.27▲
2024 · 76.96
Debt ≤ 1 year
€112k▼
2024 · €134k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €547 | €4k | €10k | €10k | €10k | = |
| Other operating charges640/8 | €390 | €490 | €766 | €3k | €190 | ▼ 94.0% |
| Gross operating margin9900 | €-13k | €-16k | €-15k | €17k | €23k | ▲ 31.5% |
| Operating profit (loss)9901 | €-14k | €-21k | €-26k | €4k | €13k | ▲ 191% |
| Financial income75/76B | - | €58 | - | - | - | - |
| Recurring financial income75 | - | €58 | - | - | - | - |
| Financial charges65/66B | €120 | €262 | €132 | €183 | €150 | ▼ 18.2% |
| Recurring financial charges65 | €120 | €262 | €132 | €183 | €150 | ▼ 18.2% |
| Profit (loss) for the period before taxes9903 | €-14k | €-21k | €-26k | €4k | €13k | ▲ 200% |
| Profit (loss) for the period9904 | €-14k | €-21k | €-26k | €4k | €13k | ▲ 200% |
| Profit (loss) for the period to be appropriated9905 | €-14k | €-21k | €-26k | €4k | €13k | ▲ 200% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €49k | €96k | €112k | €101k | €91k | ▼ 9.6% |
| Fixed assets21/28 | €3k | €45k | €35k | €26k | €16k | ▼ 37.8% |
| Tangible fixed assets22/27 | €3k | €45k | €35k | €26k | €16k | ▼ 37.8% |
| Furniture and vehicles24 | €708 | €208 | - | - | €0 | - |
| Other tangible fixed assets26 | €3k | €45k | €35k | €26k | €16k | ▼ 37.8% |
| Current assets29/58 | €45k | €51k | €77k | €75k | €75k | ▼ 0.1% |
| Stocks and contracts in progress3 | €42k | €16k | - | - | - | - |
| Stocks30/36 | €42k | €16k | - | - | - | - |
| Amounts receivable within one year40/41 | €237 | €18k | €35k | €34k | €34k | ▲ 0.1% |
| Trade receivables40 | - | €18k | €34k | €34k | €34k | ▲ 0.2% |
| Other amounts receivable41 | €237 | - | €1k | €42 | - | - |
| Cash at bank and in hand54/58 | €3k | €17k | €41k | €42k | €41k | ▼ 0.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €49k | €96k | €112k | €101k | €91k | ▼ 9.6% |
| Equity10/15 | €9k | €-12k | €-38k | €-33k | €-21k | ▲ 38.2% |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €-11k | €-32k | €-58k | €-53k | €-41k | ▲ 23.8% |
| Amounts payable17/49 | €39k | €108k | €149k | €134k | €112k | ▼ 16.7% |
| Amounts payable within one year42/48 | €39k | €108k | €149k | €134k | €112k | ▼ 16.7% |
| Trade debts44 | - | - | €4k | €2k | €369 | ▼ 84.1% |
| Suppliers440/4 | - | - | €4k | €2k | €369 | ▼ 84.1% |
| Taxes, remuneration and social security45 | €2k | €1k | €2k | €4k | €3k | ▼ 37.6% |
| Taxes450/3 | €2k | €1k | €2k | €4k | €3k | ▼ 37.6% |
| Other amounts payable47/48 | €37k | €106k | €144k | €128k | €109k | ▼ 14.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-14k | €-21k | €-26k | €4k | €13k | ▲ 200% |
| + Depreciation and write-downs630 | €547 | €4k | €10k | €10k | €10k | = |
| Operating cash flow (approximation) | €-14k | €-17k | €-16k | €14k | €22k | ▲ 60.7% |
| Investment in fixed assets (approximation) | - | €-46k | €0 | €0 | €0 | - |
| Change in cash | - | €14k | €24k | €43 | €-70 | ▼ 265% |
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
19-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2020net €13k ▲200%
Operating result €13k, net result €13k, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 16 days late
2024
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €-26k
Net result drops to €-26k, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro 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, Heusden-Zolder · 1 establishment unit since 2019
Ground area
856 m²
Building footprint
266 m²
Volume, LiDAR
1,399 m³
2 parcels, Flanders · tallest building 25.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KARAL
since 20192.296.924.366
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71443E0503/00W002 | Flanders | 548 m² | 1 · 152 m² | 9.4 m · 2 fl. |
| 71025A0073/00W097 | Flanders | 307 m² | 1 · 114 m² | 25.3 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 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 siteZonhoven2.296.924.366
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STUDIO PI & PI
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SOLVENTURES
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Of 7,501 companies in sector 56210 we hold annual accounts for 2,446. 1,457 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
Founded16-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
56210Event catering
82990Other business support services
Scores and ratios are computed by Checked and are not a credit decision.