KAREL V
ActiveSummary
KAREL V has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €96k and a net result of €23k. Equity is growing by ~47% per year across the filed fiscal years. Its solvency ranks better than 58% of 9716 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability78▼-20
Solvency65▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.0 against 0.43 in 2023; short-term debt: 43.6% and cash: 12% of total assets), and 59.7% of the assets are financed with debt.
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
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
40.3%
Return on assets
9.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-06-2025, 57 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
55 d early
2022
60 d early
2021
61 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€96k▲ 31.1%
2023 · €73k
2021: €24k
2022: €31k
2023: €73k
2021 → 2024
Total assets
€238k▲ 33.2%
2023 · €179k
2021: €56k
2022: €52k
2023: €179k
2021 → 2024
Net result
€23k▼ 46.1%
2023 · €42k
2021: €20k
2022: €7k
2023: €42k
2021 → 2024
Working capital
€284
2023 · €-59k
2021: €16k
2022: €19k
2023: €-59k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€24k-€31k▲ 30.8%€73k▲ 137%€96k▲ 31.1%
Operating result€25k-€11k▼ 56.8%€61k▲ 460%€40k▼ 34.7%
Net result€20k-€7k▼ 63.0%€42k▲ 481%€23k▼ 46.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 35% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €238k
Fixed assets
€134k ▼ 0.9%
Current assets
€104k ▲ 139%
Equity and liabilities €238k
Equity
€96k ▲ 31.1%
Debt
€142k ▲ 34.6%
The debt ratio rises from 59.1% to 59.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€44k▼
2023 · €64k
Cash flow
€27k▼
2023 · €46k
Current ratio
1.00▲
2023 · 0.43
Quick ratio
0.60▲
2023 · 0.43
Debt / equity
1.48▲
2023 · 1.45
ROE
23.7%▼
2023 · 57.8%
ROA
9.6%▼
2023 · 23.6%
Interest coverage
5.68▼
2023 · 19.40
Debt ≤ 1 year
€104k▲
2023 · €102k
Debt > 1 year
€37k
Income taxes
€9k▼
2023 · €15k
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 · 45 lines
Balance sheet
Code20232024
Assets
Total assets20/58€179k€238k▲
Fixed assets21/28€135k€134k▼
Tangible fixed assets22/27€12k€11k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€11k€10k▼
Financial fixed assets28€123k€123k=
Current assets29/58€44k€104k▲
Stocks and contracts in progress3-€42k
Stocks30/36-€42k
Amounts receivable within one year40/41€3k-
Trade receivables40€3k-
Cash at bank and in hand54/58€31k€29k▼
Deferred charges and accrued income490/1€10k€33k▲
Equity and liabilities
Total equity and liabilities10/49€179k€238k▲
Equity10/15€73k€96k▲
Contributions10/11€5k€5k=
Reserves13€68k€91k▲
Distributable reserves133€68k€91k▲
Amounts payable17/49€106k€142k▲
Amounts payable after more than one year17-€37k
Financial debts170/4-€37k
Amounts payable within one year42/48€102k€104k▲
Current portion of amounts payable after more than one year42-€5k
Trade debts44€3k€30k▲
Suppliers440/4€3k€30k▲
Taxes, remuneration and social security45€30k€21k▼
Taxes450/3€30k€21k▼
Other amounts payable47/48€69k€47k▼
Accrued charges and deferred income492/3€3k€1k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€3k€3k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€67k€48k▼
Operating profit (loss)9901€61k€40k▼
Financial income75/76B€11€7▼
Recurring financial income75€11€7▼
Financial charges65/66B€3k€8k▲
Recurring financial charges65€3k€8k▲
Profit (loss) for the period before taxes9903€57k€32k▼
Income taxes67/77€15k€9k▼
Profit (loss) for the period9904€42k€23k▼
Profit (loss) for the period to be appropriated9905€42k€23k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€23k▼
Transfer to equity691/2€42k€23k▼
To other reserves6921€42k€23k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity doublescurrent ratio 1.00
Current ratio from 0.43 to 1.00.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Highest result since 2021net €42k ▲481%
Operating result €61k, net result €42k, both a record.
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet €7k ▼63%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Merelbeke-Melle · 3 establishment units since 2020
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.
Zonneveld 329820 Merelbeke-MelleGround area
886 m²
Building footprint
279 m²
Volume, LiDAR
2,280 m³
2 parcels, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
3 establishment units
KAREL V
since 20202.304.160.467
KAREL V
since 20252.390.523.032
Karel V
since 20252.390.523.131
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44413A0597/00L000 | Flanders | 618 m² | 1 · 119 m² | 5.8 m · 1 fl. |
| 44804D2560/00G008 | Flanders | 268 m² | 1 · 160 m² | 17.8 m · 5 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 2023 · 2 entries · 2,085 EUR awarded · 2,085 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 945 EUR | 945 EUR |
| 2022 | 1 | 1,140 EUR | 1,140 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Legal Entity Identifier
894500TCJV3EPWAPVB22
Similar companies · same sector, comparable size
YL INVEST
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ALBACTIVA
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Immobilière des Grands Viviers
BE 0686.989.236
Enghien · Eq €96k
RESIDENCE RESORT
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Mons · Eq €96k
K.I.T. Enterprise
BE 0756.608.116
Moorslede · Eq €96k
Of 9,694 companies in sector 68121 we hold annual accounts for 7,383. 5,294 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-05-2020
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68201Renting and operating of own or leased residential real estate, excluding social housing
41001General construction of residential buildings
68122Development of non-residential building projects
66199Other activities auxiliary to financial services, excluding insurance and pension funding
69102Activities of notaries
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.