KARECREA

Active

Private limited companyfounded 200719 yrs activeSchaapsdries 7, 3600 Genk, BelgiumKBO/BCE: BE 0890.704.478

The computed 12-month bankruptcy probability of KARECREA is 1.8% (moderate). The 2024 annual accounts show equity of €66k and a net result of €-814. Equity is growing by ~25.3% per year across the filed fiscal years. Its solvency ranks better than 60% of 18942 sector peers (fiscal year 2024). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

64 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability68▲+1

Solvency65▼-3

Growth52=

Track record100

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity tight (current ratio 1.32 against 1.4 in 2023; short-term debt: 56.4% and cash: 43.4% of total assets), and 59.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Sector 56

higher

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

40.4%

Return on assets

-0.5%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

28 d late

2022

32 d late

2021

31 d late

2020

18 d late

2019

18 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€66k▼ 8.6%

2023 · €72k

2018: €20k 2019: €26k 2020: €27k 2021: €64k 2022: €75k 2023: €72k

2018 → 2024

Total assets

€164k▼ 3.0%

2023 · €169k

2018: €113k 2019: €108k 2020: €89k 2021: €167k 2022: €198k 2023: €169k

2018 → 2024

Net result

€-814▲ 64.9%

2023 · €-2k

2018: €11k 2019: €6k 2020: €13k 2021: €37k 2022: €11k 2023: €-2k

2018 → 2024

Working capital

€29k▼ 14.3%

2023 · €34k

2018: €21k 2019: €2k 2020: €13k 2021: €30k 2022: €37k 2023: €34k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€27k-€64k▲ 138%€75k▲ 17.0%€72k▼ 3.1%€66k▼ 8.6%

Operating result€20k-€50k▲ 144%€17k▼ 66.0%€2k▼ 88.5%€2k▼ 5.9%

Net result€13k-€37k▲ 177%€11k▼ 70.6%€-2k€-814▲ 64.9%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen three years in a row; 2024 is 6% below 2023 and is the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €164k

25.8%

74.2%

Fixed assets €42k▼ 13.5%

Current assets €122k▲ 1.3%

Equity and liabilities €164k

40.4%

59.6%

Equity €66k▼ 8.6%

Debt €98k▲ 1.3%

The debt ratio rises from 57.2% to 59.6%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€20k▼

2023 · €34k

Cash flow

€17k▼

2023 · €30k

Solvency

40.4%▼

2023 · 42.8%

Current ratio

1.32▼

2023 · 1.40

Quick ratio

1.22▼

2023 · 1.27

Debt / equity

1.48▲

2023 · 1.33

ROE

-1.2%▲

2023 · -3.2%

ROA

-0.5%▲

2023 · -1.4%

Interest coverage

9.83▼

2023 · 10.16

Debt

€98k▲

2023 · €96k

Debt ≤ 1 year

€92k▲

2023 · €86k

Debt > 1 year

€5k▼

2023 · €11k

Income taxes

€643▼

2023 · €918

Staff costs

€168k▲

2023 · €156k

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 · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€169k€164k▼

Fixed assets21/28€49k€42k▼

Tangible fixed assets22/27€49k€42k▼

Plant, machinery and equipment23€4k€8k▲

Furniture and vehicles24€38k€26k▼

Other tangible fixed assets26€6k€9k▲

Current assets29/58€120k€122k▲

Stocks and contracts in progress3€11k€9k▼

Stocks30/36€11k€9k▼

Amounts receivable within one year40/41€49k€34k▼

Trade receivables40€49k€25k▼

Other amounts receivable41-€9k

Cash at bank and in hand54/58€59k€71k▲

Deferred charges and accrued income490/1€2k€8k▲

Equity and liabilities

Total equity and liabilities10/49€169k€164k▼

Equity10/15€72k€66k▼

Contributions10/11€6k€6k=

Outside capital11€6k€6k=

Other1109/19€6k€6k=

Reserves13€68k€63k▼

Non-distributable reserves130/1€2k€2k=

Reserves not available under the articles1311€2k€2k=

Distributable reserves133€67k€61k▼

Profit (loss) carried forward14€-2k€-3k▼

Amounts payable17/49€96k€98k▲

Amounts payable after more than one year17€11k€5k▼

Financial debts170/4€11k€5k▼

Amounts payable within one year42/48€86k€92k▲

Current portion of amounts payable after more than one year42€12k€8k▼

Financial debts43€5k€5k=

Credit institutions430/8€5k€5k=

Trade debts44€37k€46k▲

Suppliers440/4€37k€46k▲

Taxes, remuneration and social security45€27k€29k▲

Taxes450/3€7k€14k▲

Remuneration and social security454/9€20k€16k▼

Other amounts payable47/48€4k€5k▲

Income statement Code20232024

Non-recurring operating income76A€17k€509▼

Goods, raw materials, services and sundry goods60/61€355k€370k▲

Remuneration, social security and pensions62€156k€168k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€18k▼

Other operating charges640/8€8k€5k▼

Non-recurring operating charges66A-€5k

Gross operating margin9900€199k€198k▼

Operating profit (loss)9901€2k€2k▼

Financial income75/76B€5€1▼

Recurring financial income75€5€1▼

Financial charges65/66B€3k€2k▼

Recurring financial charges65€3k€2k▼

Profit (loss) for the period before taxes9903€-1k€-171▲

Income taxes67/77€918€643▼

Profit (loss) for the period9904€-2k€-814▲

Profit (loss) for the period to be appropriated9905€-2k€-814▲

Appropriation of the result

Profit (loss) to be appropriated9906€-2k€-3k▼

Profit (loss) brought forward from the previous period14P-€-2k

Transfer from equity791/2-€5k

Profit to be distributed694/7-€5k

Return on contributions (dividend)694-€5k

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

28-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 28 days late

2023

31-12

Financial Weakest financial yearnet €-2k ▼121%

Net result drops to €-2k, the lowest in the series; recovery starts the following year.

01-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 32 days late

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-12

Financial Highest result since 2018net €37k ▲177%

Operating result €50k, net result €37k, both a record.

18-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 18 days late

2020

18-08

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 18 days late

2019

21-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 21 days late

2018

16-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 16 days late

2017

28-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

29-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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, Genk · 1 establishment unit since 2007

establishment The establishment unit on the map

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.

Schaapsdries 73600 Genk

Ground area

2,003 m²

Building footprint

1,253 m²

Volume, LiDAR

7,367 m³

2 parcels, Flanders · tallest building 11.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

TAVERNE MANEGE KATTEVENIA

Kattevennen 12, 3600 GenkNACE 5530205

since 20072.164.201.246

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71303C0820/00W003	Flanders	1,076 m²	1 · 1,076 m²	11.7 m · 2 fl.
71016I1410/00R039	Flanders	927 m²	1 · 177 m²	9.0 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

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

Public money · subsidies and aid

Flemish government

2022 to 2025 · 4 entries · 102,587 EUR awarded · 102,587 EUR paid

Year	Entries	awarded	paid
2025	1	28,329 EUR	28,329 EUR
2024	1	24,802 EUR	24,802 EUR
2023	1	24,565 EUR	24,565 EUR
2022	1	24,891 EUR	24,891 EUR

Schemes

Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)

4 entries · 102,587 EUR · 102,587 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site

Genk2.164.201.246

1 permission

Toelating · Eetgelegenheid · since 13-03-2009

Similar companies · same sector, comparable size

La Cafet'Arya

BE 0775.683.165

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ROCK & ROELL EXPERIENCE

Scherpenheuvel-Zichem · Eq €66k

Of 14,028 companies in sector 56301 we hold annual accounts for 4,894. 3,956 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded28-06-2007

Fiscal year end31-12

Activities, NACEBEL

55401

56301Cafés and bars

Sources

Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.