Active BE 0759.670.445Private limited company

KARAT INCORPORATED

Vlaamsesteenweg 26 ·1000 Brussel, Belgium· 5 yrs active

Sector: Cafés en bars (56301)

Conclusion Checked

The computed 12-month bankruptcy probability of KARAT INCORPORATED is 11.0% (high). The 2024 annual accounts show negative equity (€-25k) and a net result of €-11k. Equity is shrinking by ~140.8% per year across the filed fiscal years. Its solvency ranks better than 19% of 5615 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€-25k
Net result	€-11k
Better than sector	19%
Active	5 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

57 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 15

Profitability 100

Solvency 44

Growth 32

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

11.0% High

0%0,5%1,5%4%10%≥25%

Higher-failure-rate sector +Young company +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

15 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview4 NBB filings

Annual accounts filed on 09-10-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~140.8%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 56, Food & beverage service · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-26.8%	19.3%	better than 19% of 5615 sector peers
Net result	€-11k	€4k	better than 21% of 5603 sector peers
Equity	€-25k	€14k	better than 14% of 5626 sector peers
Gross operating margin	€-4k	€52k	better than 9% of 5589 sector peers
Total assets	€94k	€87k	better than 53% of 5616 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-6k

+84.4% 21-24

Net profit

€-11k

+75.4% 21-24

Cash flow

€-6k

+83.9% 21-24

Total assets

€94k

+0.3% 21-24

Equity

€-25k

-75.5% 21-24

Working capital

€-720

- 21-24

Staff costs

€67

- 21-24

Debt

€119k

+10.3% 21-24

Debt ≤ 1y

€64k

+21.1% 21-24

Debt > 1y

€56k

0.0% 21-24

Current ratio

0.99

-9.9% 21-24

Quick ratio

0.53

+13.4% 21-24

Solvency

-26.8%

-75.0% 21-24

Debt / equity

-4.73

+37.2% 21-24

ROE

43.0%

-86.0% 21-24

ROA

-11.5%

+75.5% 21-24

Interest coverage

-25.44

+92.6% 21-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€-6k
Net profit	€-11k
Cash flow	€-6k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€94k
Equity	€-25k
Debt	€119k
of which ≤ 1y	€64k
of which > 1y	€56k
Working capital	€-720
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	0.99
Quick ratio	0.53
Working capital ratio	-0.8%
Solvency	-26.8%
Debt / equity	-4.73
Long-term debt ratio	-2.20
Interest coverage	-25.44
Gross margin	-
Net margin	-
ROA	-11.5%
ROE	43.0%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €31k · 33.0% Current assets €63k · 67.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€94k
Fixed assets	21/28	€31k
Intangible fixed assets	21	€14k
Tangible fixed assets	22/27	€17k
Financial fixed assets	28	€33
Current assets	29/58	€63k
Stocks & contracts in progress	3	€29k
Amounts receivable within one year	40/41	€33k
Cash & bank	54/58	€565
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€94k
Equity	10/15	€-25k
Contributions / capital	10/11	€80k
Accumulated profits (losses)	14	€-105k
Amounts payable	17/49	€119k
Amounts payable after one year	17	€56k
Amounts payable within one year	42/48	€64k
Trade debts payable within one year	44	€52k
Income statement
Gross operating margin	9900	€-4k
Operating result	9901	€-11k
Financial income	75	€22
Financial charges	65	€221
Result before taxes	9903	€-11k
Net result for the period	9904	€-11k
Result to be appropriated	9905	€-11k

You're seeing the latest fiscal year only. Unlock 3 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 1 directors

Former directors (1)

Dieter Bruijninckx
Director
State Gazette act 24101413 (05-07-2024)

Former
- → 05-07-2024
2 events
- 05-07-2024 Resigned· Director
- 04-07-2024 Resigned· Director

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Cafés en bars(56301)
Legal form	Private limited company(610)
Incorporation	10-12-2020
Status	Active
Postal code	1000

Establishment units 1 location

Karat Incorporated BV

Vlaamsesteenweg 26, 1000 BrusselDetailhandel in tweedehandskleding

since 20202.310.712.818

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21811M0528/00H000	Brussels	146 m²	1 · 147 m²	17.1 m · 4 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 6 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

09-10-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

31-10-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

05-07-2024

State Gazette act Director changes

04-07-2024

State Gazette act Director changes

2023

31-10-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

2022

31-08-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 2 years ago

2024

05-07-2024 1 director appointed, 1 resigning Director changes

Amber Van Hal, Dagelijks bestuur
Dieter Bruijninckx, Bestuurder

Original publication ↗

Technical details

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04-07-2024 Dieter Bruijninckx resigns as director Director changes

Dieter Bruijninckx, Bestuurder

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Cafés en bars56301Cafés en bars56301Detailhandel in tweedehandskleding in winkels47792Detailhandel in tweedehandskleding47792Eetgelegenheden met beperkte bediening56102Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden56112Catering56210Catering van evenementen56210

Primary activity highlighted.

Names & trade names

Legal nameNL

KARAT INCORPORATED

Registered office

Vlaamsesteenweg 26

1000 Brussel, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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