Equity
-€4,425
Debts exceed assets in financial year 2025.
KARENO
Lifetime
20 annual accounts with figures on one time axispeak €55,297 (2007)
-€6,406▲ €4,271
lowest -€20,696 (2019)
-€8,838▲ €4,255
peak €56,385 (2018)
-€4,425▼ €8,838
€25,271▲ 15.5%
Board4 names since 2006
3 directorsHELSEN Mario Franciscus Bertha and 2 others
Documentsfilings and deeds
26-07-20265 days before the deadline
2025micro format
Gross margin from -€10,677 to -€6,406Loss of €8,838Equity from €4,413 to -€4,425Debts from €21,874 to €25,271Cash from €10,421 to €6,438
Key points
from the 2025 annual accountsLosses
-€21,931 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Debts
€25,271 121% of the balance sheet
Suppliers 1%Taxes and wages 2%Other 97%
Turnover not published (micro format)
Checked score
53
Fair
Financially stronger than 10% of micro companies in wood and cork (NACE 16)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.0% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 1,032 companies (NACE 16, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025lowest value
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.5%▲ +0.2 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.6%▲ +0.1 percentage points vs 06-2026
08-2026: 1.0%▲ +0.4 percentage points vs 07-2026highest value
09-2026: 1.0%● unchanged vs 08-2026highest value
10-2026: 1.0%● unchanged vs 09-2026highest value
11-2026: 1.0%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€4,425
Loss of €8,838, the second in a row (financial year 2025)
Sector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
lowers risk
Size: total assets €20,846
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 16, micro). It does better than 8% of them on solvency, 28% on liquidity, 4% on profitability and 2% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 6,619 companies had the same profile as KARENO has now. Each dot stands for 17 companies, two years later.
84.5%
were still trading
10.0%
stopped another way
4.5%
went bankrupt
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KARENO itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,619 companies, not a prediction for KARENO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.82 (1.2 in 2024), below 1. Short-term debt is 121.2% and cash 30.9% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€4,425
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-07-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 days early
2024
6 days early
2023
5 days early
2022
11 days early
2021
11 days early
2020
31 days early
2019
31 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 14 days before the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0880321322
3 directors appointed, 3 resignations
Resignations: HELSEN Mario Franciscus Bertha, DE WINTER Tanja and HELSEN Alphonsus Ludovicus Maria · Appointments: HELSEN Mario Franciscus Bertha, DE WINTER Tanja and HELSEN Stef · “activiteiten zoals uiteengezet in artikel 4 van de statuten vermeld in vierde besluit” (deed in Dutch) · Gazette deed
First establishment
Gooreind 98A, Geel
Incorporation
published on 07-04-2006 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KARENO Geel | €20,846 | -€6,406 | -21.2% | - |
| DNA Antwerp | €18,243 | -€4,839 | -2165.3% | - |
| DE KEYSER DANNY Diksmuide | €29,421 | -€7,757 | 92.4% | - |
| SCHRIJNWERKERIJ-MEUBELMAKERIJ D. VERHEYLEWEGEN Bever | €32,249 | €1,074 | -37.1% | - |
| SOUDOTOP Fosses-la-Ville | €33,210 | -€13,265 | 52.8% | - |
| JVG Rijkevorsel | €37,042 | -€2,775 | 96.5% | - |
| MENUISERIE ANSIAUX FABRICE Estinnes | €39,544 | -€3,005 | 97.7% | - |
These companies have the same main activity as KARENO: manufacture of other builders' carpentry and joinery (NACE 16230). They are comparable in size and age: total assets between €18,200 and €39,500, founded between 1999 and 2010.
Official details
Source: KBO- Status
- Active since 29-03-2006Normal situation
- Activity
- Manufacture of other builders' carpentry and joineryNACE 16230and 4 others
- Establishment unit
- 2.156.220.1262440 Geel, since 21-09-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- €20,846▼ 20.7%
- Filing
- Filed on 26-07-2026, 5 days before the end of the filing period
Insights on KARENO
KARENO files the micro format. That format states no turnover. The gross margin fell from €39,110 in 2006 to -€6,406 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KARENO
- What is the company number of KARENO?
- The company number of KARENO is 0880.321.322. The VAT number is the same number with BE in front: BE 0880.321.322.
- Where is KARENO based?
- The registered office is at Gooreind 98A, 2440 Geel.Company details
- What does KARENO do?
- According to the KBO register, the main activity is manufacture of other builders' carpentry and joinery (NACE 16230).
- What is the legal form of KARENO?
- KARENO is a private limited company (BV).
- When was KARENO founded?
- KARENO was founded on 29-03-2006.
- Is KARENO still active?
- Yes, KARENO is an active enterprise in the KBO register.
- What is the turnover of KARENO?
- The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
- Is KARENO profitable?
- In financial year 2025, KARENO made a loss of €8,838.
- Where can I find the annual accounts of KARENO?
- KARENO filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KARENO due?
- KARENO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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