KARASALIH
ActiveKARASALIH has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €14k and a net result of €11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 89% of 18040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+17
Solvency100▲+57
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 5.69 against 1.21 in 2024; short-term debt: 17.6% and cash: 71.1% of total assets), and 17.6% 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 · 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
82.4%
Return on assets
64.1%
Age of the figures
15 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
192122232425
2019 to 2025 · latest year €14k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 01-12-2025, 61 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
61 d early
2024
58 d early
2023
21 d early
2022
64 d early
2021
35 d early
2019
395 d late
2018
49 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€70k
EBIT margin
-17.6%
Net result
€11k▲ 427%
2024 · €2k
2019: €-13k
2021: €2k
2022: €6k
2023: €-11k
2024: €2k
2019 → 2025
Working capital
€14k▲ 350%
2024 · €3k
2019: €-8k
2021: €3k
2022: €1k
2023: €-2k
2024: €3k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€12k-€12k▼ 3.4%€1k▼ 90.7%€3k▲ 197%€14k▲ 350%
Operating result€3k-€6k▲ 144%€-10k€3k€11k▲ 337%
Net result€2k-€6k▲ 211%€-11k€2k€11k▲ 427%
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 337% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €18k
Equity
€14k▲ 350%
Debt
€3k▼ 79.6%
The debt ratio falls from 82.5% to 17.6%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
82.4%▲
2024 · 17.5%
Current ratio
5.69▲
2024 · 1.21
Quick ratio
5.69▲
2024 · 0.81
Debt / equity
0.21▼
2024 · 4.70
ROE
77.8%▲
2024 · 66.4%
ROA
64.1%▲
2024 · 11.6%
Debt
€3k▼
2024 · €15k
Debt ≤ 1 year
€3k▼
2024 · €15k
Staff costs
€56k▼
2024 · €71k
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€18k€18k▼
Current assets29/58€18k€18k▼
Stocks and contracts in progress3€6k-
Stocks30/36€6k-
Amounts receivable within one year40/41-€5k
Other amounts receivable41-€5k
Cash at bank and in hand54/58€12k€12k▲
Equity and liabilities
Total equity and liabilities10/49€18k€18k▼
Equity10/15€3k€14k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Profit (loss) carried forward14€-15k€-4k▲
Amounts payable17/49€15k€3k▼
Amounts payable within one year42/48€15k€3k▼
Trade debts44€9k€2k▼
Suppliers440/4€9k€2k▼
Taxes, remuneration and social security45€281€888▲
Taxes450/3€86€888▲
Remuneration and social security454/9€195-
Other amounts payable47/48€5k-
Income statement
Code20242025
Remuneration, social security and pensions62€71k€56k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k-
Other operating charges640/8€2k€4k▲
Gross operating margin9900€78k€71k▼
Operating profit (loss)9901€3k€11k▲
Financial charges65/66B€476€158▼
Recurring financial charges65€476€158▼
Profit (loss) for the period before taxes9903€2k€11k▲
Profit (loss) for the period9904€2k€11k▲
Profit (loss) for the period to be appropriated9905€2k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-15k€-4k▲
Profit (loss) brought forward from the previous period14P€-18k€-15k▲
The notes to these accounts (2 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
2025
01-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
30-06
Financial
Highest result since 2019net €11k ▲427%
Operating result €11k, net result €11k, both a record.
30-06
Financial
Liquidity times 5current ratio 5.69
Current ratio from 1.21 to 5.69; short-term debt falls from €15k to €3k.
2024
04-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
10-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
27-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
01-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 395 days late
2019
16-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 440 days late
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 49 days late
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 142 days late
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 508 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
28-03-2024
Resigned as Managing director
Location & real-estate footprint
Registered office, Schaarbeek · 1 establishment unit since 2013
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.
Vandeweyerstraat 81030 SchaarbeekGround area
215 m²
Building footprint
182 m²
Volume, LiDAR
3,046 m³
Parcel 21910E0182/00F009, Brussels · tallest building 20.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
KARASALIH
since 20132.223.599.294
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21910E0182/00F009 | Brussels | 215 m² | 1 · 182 m² | 20.0 m · 6 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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SARIBASAK
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AU P'TIT PIERRE
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LPR
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IMAD AU COIN CHAUD
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P D'ANGELO
BE 1020.409.118
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Of 2,407 companies in sector 47241 we hold annual accounts for 1,098. 773 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-10-2013
Fiscal year end30-06
Activities, NACEBEL
10712Artisanal bread and fresh pastry making
47241Retail sale of bread and pastry (bakery outlets)
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.