KARELCO
ActiveKARELCO has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.77M and a net result of €21k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 95% of 19344 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
94
/ 100
Excellent▲ +16 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability6▲+6
Solvency100=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €170k at 30 days acceptable
balance sheet total too small for a liquidity verdict, and 0.1% 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○neutral
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 →
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 2024Solvency, return and age of the figures
Solvency
99.9%
Return on assets
1.2%
Age of the figures
20 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 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
49 d early
2022
17 d early
2021
40 d early
2020
4 d late
2019
21 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€1.77M▲ 1.2%
2023 · €1.75M
2018: €2.01M
2019: €2.03M
2020: €1.81M
2021: €1.80M
2022: €1.77M
2023: €1.75M
2018 → 2024
Total assets
€1.77M▲ 1.1%
2023 · €1.75M
2018: €2.05M
2019: €2.04M
2020: €1.98M
2021: €1.81M
2022: €1.78M
2023: €1.75M
2018 → 2024
Net result
€21k
2023 · €-26k
2018: €20k
2019: €29k
2020: €12k
2021: €-6k
2022: €-29k
2023: €-26k
2018 → 2024
Working capital
€1.29M▲ 3.5%
2023 · €1.24M
2018: €1.56M
2019: €1.60M
2020: €1.34M
2021: €1.30M
2022: €1.29M
2023: €1.24M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.81M-€1.80M▼ 0.4%€1.77M▼ 1.6%€1.75M▼ 1.5%€1.77M▲ 1.2%
Operating result€29k-€-3k€-30k▼ 821%€-27k▲ 7.4%€-24k▲ 12.4%
Net result€12k-€-6k€-29k▼ 359%€-26k▲ 12.7%€21k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24k in 2024 against €27k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.77M
Fixed assets
€480k▼ 4.5%
Current assets
€1.29M▲ 3.4%
Equity and liabilities €1.77M
Equity
€1.77M▲ 1.2%
Debt
€2k▼ 42.2%
The debt ratio falls from 0.2% to 0.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€2k▼
2023 · €4k
Cash flow
€47k▲
2023 · €6k
Solvency
99.9%▲
2023 · 99.8%
Debt / equity
0.00▼
2023 · 0.00
ROE
1.2%▲
2023 · -1.5%
ROA
1.2%▲
2023 · -1.5%
Interest coverage
21.34▼
2023 · 54.93
Debt
€2k▼
2023 · €4k
Debt ≤ 1 year
€2k▼
2023 · €4k
Income taxes
€444
A ratio outside any meaningful range has been withheld (balance sheet total €1.77M, equity €1.77M).
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€1.75M€1.77M▲
Formation expenses20€0€0=
Fixed assets21/28€503k€480k▼
Tangible fixed assets22/27€503k€480k▼
Land and buildings22€474k€466k▼
Plant, machinery and equipment23€344€127▼
Furniture and vehicles24€28k€14k▼
Other tangible fixed assets26€0€0=
Current assets29/58€1.25M€1.29M▲
Amounts receivable within one year40/41€11k€20k▲
Trade receivables40€4k€214▼
Other amounts receivable41€7k€20k▲
Current investments50/53€1.06M€1.17M▲
Cash at bank and in hand54/58€179k€97k▼
Deferred charges and accrued income490/1€1k-
Equity and liabilities
Total equity and liabilities10/49€1.75M€1.77M▲
Equity10/15€1.75M€1.77M▲
Contributions10/11€1.47M€1.47M=
Reserves13€335k€335k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€316k€316k=
Profit (loss) carried forward14€-54k€-34k▲
Amounts payable17/49€4k€2k▼
Amounts payable within one year42/48€4k€2k▼
Trade debts44€4k€2k▼
Suppliers440/4€4k€2k▼
Taxes, remuneration and social security45-€84
Taxes450/3-€84
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€32k€26k▼
Other operating charges640/8€7k€8k▲
Gross operating margin9900€11k€10k▼
Operating profit (loss)9901€-27k€-24k▲
Financial income75/76B€2k€45k▲
Recurring financial income75€2k€45k▲
Financial charges65/66B€81€109▲
Recurring financial charges65€81€109▲
Profit (loss) for the period before taxes9903€-26k€21k▲
Income taxes67/77-€444
Profit (loss) for the period9904€-26k€21k▲
Profit (loss) for the period to be appropriated9905€-26k€21k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-54k€-34k▲
Profit (loss) brought forward from the previous period14P€-29k€-54k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €21k
Net result €21k after 3 loss-making years.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity triplescurrent ratio 379.52
Current ratio from 130.52 to 379.52; short-term debt falls from €10k to €3k.
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 15current ratio 130.52
Current ratio from 8.78 to 130.52; short-term debt falls from €172k to €10k.
04-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 4 days late
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
31-12
Financial
Highest result since 2018net €29k ▲45.9%
Operating result €48k, net result €29k, both a record.
31-12
Financial
Liquidity times 8current ratio 341.43
Current ratio from 41.48 to 341.43; short-term debt falls from €38k to €5k.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 30 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
17-06
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
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, Genk · 1 establishment unit since 1994
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.
Armand Maclotlaan 17 a3600 GenkGround area
732 m²
Building footprint
197 m²
Volume, LiDAR
918 m³
Parcel 71016I1287/00F000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Karelco Solutions
since 19942.065.021.815
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71016I1287/00F000 | Flanders | 732 m² | 1 · 197 m² | 6.6 m · 2 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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PGJCL IMMO
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Desrem - Invest
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Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 4,401 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-12-1993
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.