Skip to content

KARAT INCORPORATED

Active
Private limited companyfounded 20205 years activeVlaamsesteenweg 26, 1000 Brussel, BelgiumKBO/BCE: BE 0759.670.445
Summary

The computed 12-month bankruptcy probability of KARAT INCORPORATED is 7.9% (elevated). The 2024 annual accounts show negative equity (-€25,217) and a net result of -€10,851. Equity is shrinking by ~140.8% per year across the filed fiscal years. Its solvency ranks better than 19% of 18,970 sector peers (NACE 56, fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).

Overview

Activity
Cafés and bars
NACE 56301
1 site
Size
€94,045total assets 2024
Equity
-€25,217
Loss
-€10,851
Turnover not published (abridged schema)
Financial health
31 Weak Checked score 2024
Bankruptcy probability, 12 months
7.9%
Structure
Accounts 68 days overdue0 of 5 deeds read
Why 31- 1 financial year not filed after the legal deadline; latest accounts 70 days late; 3 of the last 3 late- Sector Food and beverage service activities (NACE 56)- Founded in 2020+ Size: total assets €94,045Show the evidence

Checked score

Score 2024
31 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 13% of its sector peers (NACE 56, micro)
Financial strength · tick = 2023
Weak
Solvency 0-10
equity -26.8% of total assets
Liquidity 15-8
short-term debt 67.8% · cash 0.6%
Profitability 4+4
return on assets -11.5%
Bankruptcy probability, 12 months
7.9% Elevated
0%0.5%1.5%4%10%≥ 25%

About 8 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.8% (23,693 companies)
Last 24 months 11-2024: 16.9% 12-2024: 17.0%▲ +0.1 percentage points vs 11-2024 01-2025: 16.9%▼ -0.1 percentage points vs 12-2024 02-2025: 16.7%▼ -0.2 percentage points vs 01-2025 03-2025: 16.6%▼ -0.1 percentage points vs 02-2025 04-2025: 17.9%▲ +1.3 percentage points vs 03-2025 05-2025: 18.0%▲ +0.1 percentage points vs 04-2025 06-2025: 18.3%▲ +0.3 percentage points vs 05-2025 07-2025: 17.8%▼ -0.5 percentage points vs 06-2025 08-2025: 17.9%▲ +0.1 percentage points vs 07-2025 09-2025: 18.3%▲ +0.4 percentage points vs 08-2025 10-2025: 20.1%▲ +1.8 percentage points vs 09-2025highest value 11-2025: 16.1%▼ -4.0 percentage points vs 10-2025 12-2025: 16.2%▲ +0.1 percentage points vs 11-2025 01-2026: 16.2%● unchanged vs 12-2025 02-2026: 16.0%▼ -0.2 percentage points vs 01-2026 03-2026: 15.7%▼ -0.3 percentage points vs 02-2026 04-2026: 15.8%▲ +0.1 percentage points vs 03-2026 05-2026: 15.9%▲ +0.1 percentage points vs 04-2026 06-2026: 16.2%▲ +0.3 percentage points vs 05-2026 07-2026: 16.2%● unchanged vs 06-2026 08-2026: 7.7%▼ -8.5 percentage points vs 07-2026lowest value 09-2026: 7.8%▲ +0.1 percentage points vs 08-2026 10-2026: 7.9%▲ +0.1 percentage points vs 09-2026
No credit on open account
Liquidity short (current ratio 0.99 against 1.1 in 2023; short-term debt: 67.8% and cash: 0.6% 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 56, micro): better than 9% on solvency, 13% on liquidity, 19% on profitability and 10% on growth.

The bankruptcy probability was computed on 06-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Seven signals.
−lowers risk+raises risk○neutral
raises risk · 1 financial year not filed after the legal deadline; latest accounts 70 days late; 3 of the last 3 late
NBB · filings
raises risk · Sector Food and beverage service activities (NACE 56)
KBO
raises risk · Founded in 2020
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: total assets €94,045
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024
Equity per financial year
21222324
2021 to 2024 · latest year -€25,217
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 · 4 filings
Deviation from the deadline
2025
not confirmed
2024
70 days late
2023
92 days late
2022
92 days late
2021
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 71 days after the deadline; the sector median for financial year 2024 is 6 days after the deadline, and 53% of the sector filed late.

raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publications
Publications
Address strikeout annulled
  1. Annual accounts filedfiscal year 2024 · micro…
  2. Annual accounts filedfiscal year 2023 · micro…
  3. Address strikeout annulledKBO administration

Key points

  • Risk: Negative equityfiscal year 2024: debts exceed assets -€25,217 View
  • Risk: 4 loss-making years in a rowloss fiscal year 2024 -€10,851 View
  • Caution: Among the weakest 15% on equitysector median €27,519 · 19,011 companies -€25,217 View
  • Caution: Accounts not fileddeadline was 31-07-2026 68 days late View

By topic

Financials

Fiscal year
2024
Total assets
€94,045
Loss
-€10,851
Solvency
-26.8%
Total assets▲ 0.3%
Net result
20212024
Go to Financials

Timeline

Events
6
Since
2022
  1. 31-10-2023Annual accounts filed
  2. 31-12-2022Weakest financial year
  3. 31-08-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Cafés and barsNACE 56301
Founded
10-12-2020
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.