KARELLI
ActiveSummary
KARELLI is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€27,895) and a net result of -€43,523. Equity is shrinking by ~35.6% per year across the filed fiscal years. Its solvency ranks better than 6% of 8074 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 8074 sector peers (2025).
NBB · sector comparisonPosition among 8074 sector peers
Solvency
better than 6%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-12-2025, 44 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
44 d early
2024
26 d early
2023
57 d early
2022
7 d early
2021
7 d early
2020
39 d early
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€27,895
2024 · €15,628
Net result
-€43,523▲ 15.4%
2024 · -€51,471
Total assets
€271,333▲ 0.7%
2024 · €269,504
Solvency
-10.3%▼ 16.1pp
2024 · 5.8%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€55,226-€11,900▲ 78.5%-€31,199▼ 162%-€45,975▼ 47.4%-€38,785▲ 15.6%
Net result-€62,350below the sector's middle half-€16,085below the sector's middle half▲ 74.2%-€37,009below the sector's middle half▼ 130%-€51,471below the sector's middle half▼ 39.1%-€43,523below the sector's middle half▲ 15.4%
Equity€120,193within the sector's middle half▼ 34.2%€104,108within the sector's middle half▼ 13.4%€67,099within the sector's middle half▼ 35.5%€15,628below the sector's middle half▼ 76.7%-€27,895below the sector's middle half
Total assets€297,317within the sector's middle half▼ 14.3%€302,640within the sector's middle half▲ 1.8%€289,823within the sector's middle half▼ 4.2%€269,504within the sector's middle half▼ 7.0%€271,333within the sector's middle half▲ 0.7%
Debt€177,124▲ 7.7%€198,532▲ 12.1%€222,724▲ 12.2%€253,876▲ 14.0%€299,228▲ 17.9%
Working capital-€51,586-€57,311▼ 11.1%-€88,731▼ 54.8%-€129,887▼ 46.4%-€176,601▼ 36.0%
Solvency40.4%within the sector's middle half▼ 12.2pp34.4%within the sector's middle half▼ 6.0pp23.2%below the sector's middle half▼ 11.2pp5.8%below the sector's middle half▼ 17.4pp-10.3%below the sector's middle half▼ 16.1pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
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 €38,785 in 2025 against €45,975 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €271,333
Fixed assets
€263,172 ▲ 1.2%
Current assets
€8,161 ▼ 14.3%
Key figures and ratios
ROA
-16.0%▲
2024 · -19.1%
Debt ≤ 1 year
€184,762▲
2024 · €139,410
Debt > 1 year
€110,000=
2024 · €110,000
Income taxes
€61▼
2024 · €118
Staff costs
€4,308▼
2024 · €4,633
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €20,000 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €3,893 | €4,298 | €4,633 | €4,308 | ▼ 7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,183 | €12,533 | €11,522 | €12,524 | €17,794 | ▲ 42.1% |
| Other operating charges640/8 | - | €2,966 | €523 | €2,235 | €1,993 | ▼ 10.8% |
| Gross operating margin9900 | -€35,126 | €7,492 | -€14,855 | -€26,583 | -€14,690 | ▲ 44.7% |
| Operating profit (loss)9901 | -€55,226 | -€11,900 | -€31,199 | -€45,975 | -€38,785 | ▲ 15.6% |
| Financial income75/76B | - | €1,514 | €0 | €0 | €11 | ▲ 113,900% |
| Recurring financial income75 | €119 | €1,514 | €0 | €0 | €11 | ▲ 113,900% |
| Financial charges65/66B | - | €6,058 | €5,573 | €5,379 | €4,688 | ▼ 12.8% |
| Recurring financial charges65 | €6,143 | €6,058 | €5,573 | €5,379 | €4,688 | ▼ 12.8% |
| Profit (loss) for the period before taxes9903 | -€61,250 | -€16,443 | -€36,772 | -€51,354 | -€43,462 | ▲ 15.4% |
| Income taxes67/77 | €1,100 | -€358 | €237 | €118 | €61 | ▼ 48.3% |
| Profit (loss) for the period9904 | -€62,350 | -€16,085 | -€37,009 | -€51,471 | -€43,523 | ▲ 15.4% |
| Profit (loss) for the period to be appropriated9905 | -€62,350 | -€16,085 | -€37,009 | -€51,471 | -€43,523 | ▲ 15.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €297,317 | €302,640 | €289,823 | €269,504 | €271,333 | ▲ 0.7% |
| Fixed assets21/28 | €286,245 | €275,885 | €270,367 | €259,981 | €263,172 | ▲ 1.2% |
| Tangible fixed assets22/27 | €286,232 | €275,872 | €270,354 | €259,968 | €263,159 | ▲ 1.2% |
| Land and buildings22 | - | €274,083 | €263,557 | €253,031 | €243,017 | ▼ 4.0% |
| Plant, machinery and equipment23 | - | €1,337 | €1,981 | €3,095 | €5,386 | ▲ 74.0% |
| Furniture and vehicles24 | - | €453 | €4,816 | €3,841 | €14,757 | ▲ 284% |
| Financial fixed assets28 | €13 | €13 | €13 | €13 | €13 | = |
| Current assets29/58 | €11,072 | €26,755 | €19,456 | €9,523 | €8,161 | ▼ 14.3% |
| Amounts receivable within one year40/41 | €4,716 | €6,396 | €7,683 | €3,693 | €4,870 | ▲ 31.9% |
| Trade receivables40 | - | €3,614 | €6,604 | €2,488 | €3,616 | ▲ 45.3% |
| Other amounts receivable41 | - | €2,782 | €1,079 | €1,204 | €1,254 | ▲ 4.1% |
| Cash at bank and in hand54/58 | €6,356 | €20,359 | €11,527 | €5,831 | €3,291 | ▼ 43.6% |
| Deferred charges and accrued income490/1 | - | - | €246 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €297,317 | €302,640 | €289,823 | €269,504 | €271,333 | ▲ 0.7% |
| Equity10/15 | €120,193 | €104,108 | €67,099 | €15,628 | -€27,895 | ▼ 278% |
| Contributions10/11 | - | €97,500 | €97,500 | €97,500 | €97,500 | = |
| Reserves13 | €85,044 | €85,044 | €85,044 | €85,044 | €85,044 | = |
| Non-distributable reserves130/1 | - | €9,750 | €9,750 | €9,750 | €9,750 | = |
| Reserves not available under the articles1311 | - | €9,750 | €9,750 | €9,750 | €9,750 | = |
| Tax-exempt reserves132 | - | €23,088 | €23,088 | €23,088 | €23,088 | = |
| Distributable reserves133 | - | €52,206 | €52,206 | €52,206 | €52,206 | = |
| Profit (loss) carried forward14 | -€62,350 | -€78,436 | -€115,444 | -€166,916 | -€210,438 | ▼ 26.1% |
| Amounts payable17/49 | €177,124 | €198,532 | €222,724 | €253,876 | €299,228 | ▲ 17.9% |
| Amounts payable after more than one year17 | €110,000 | €110,000 | €110,000 | €110,000 | €110,000 | = |
| Financial debts170/4 | - | €110,000 | €110,000 | €110,000 | €110,000 | = |
| Amounts payable within one year42/48 | €62,658 | €84,066 | €108,187 | €139,410 | €184,762 | ▲ 32.5% |
| Trade debts44 | €2,868 | €1,364 | €3,019 | €1,835 | €4,712 | ▲ 157% |
| Suppliers440/4 | - | €1,364 | €3,019 | €1,835 | €4,712 | ▲ 157% |
| Taxes, remuneration and social security45 | - | €3,275 | - | - | - | - |
| Taxes450/3 | - | €3,275 | - | - | - | - |
| Other amounts payable47/48 | - | €79,427 | €105,168 | €137,575 | €180,049 | ▲ 30.9% |
| Accrued charges and deferred income492/3 | - | €4,466 | €4,537 | €4,466 | €4,466 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€62,350 | -€16,085 | -€37,009 | -€51,471 | -€43,523 | ▲ 15.4% |
| + Depreciation and write-downs630 | €14,183 | €12,533 | €11,522 | €12,524 | €17,794 | ▲ 42.1% |
| Operating cash flow (approximation) | -€48,167 | -€3,552 | -€25,487 | -€38,947 | -€25,729 | ▲ 33.9% |
| Investment in fixed assets (approximation) | - | -€2,173 | -€6,004 | -€2,138 | -€20,985 | ▼ 881% |
| Change in cash | - | €14,003 | -€8,831 | -€5,697 | -€2,539 | ▲ 55.4% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
05-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
05-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Weakest financial yearnet -€62,350
Net result drops to -€62,350, the lowest in the series; recovery starts the following year.
2020
23-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Highest result since 2019net €14,494 ▲42%
Operating result €31,440, net result €14,494, both a record.
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
14-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
25-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Oostende · 1 establishment unit since 2001
Ground area
3.0 ha
Building footprint
1,801 m²
Volume, LiDAR
20,430 m³
Parcel 35382B0032/00M008, Flanders · tallest building 53.6 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KARELLI
since 20012.065.959.448
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35382B0032/00M008 | Flanders | 3.0 ha | 1 · 1,801 m² | 53.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
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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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 6,550 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded10-01-1994
Fiscal year end30-06
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452012179
Also
9925:BE0452012179
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.