KAREX-SERVICE
ActiveKAREX-SERVICE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €98k and a net result of €9k. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 59% of 2438 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
81
/ 100
Excellent▼ -13 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability43▼-57
Solvency97▲+5
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.27 against 1.95 in 2023), and 44.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Sector 25
higher
← 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-09-2025, 55 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 filingsDeviation from the deadline
2025
not confirmed
2024
55 d late
2023
58 d late
2022
60 d late
2021
78 d late
2020
87 d late
2019
102 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€98k▲ 9.5%
2023 · €90k
2018: €90k
2019: €88k
2020: €88k
2021: €89k
2022: €90k
2023: €90k
2018 → 2024
Total assets
€178k▼ 4.4%
2023 · €186k
2018: €229k
2019: €214k
2020: €191k
2021: €223k
2022: €211k
2023: €186k
2018 → 2024
Net result
€9k▼ 58.7%
2023 · €21k
2018: €52k
2019: €44k
2020: €3k
2021: €43k
2022: €18k
2023: €21k
2018 → 2024
Working capital
€99k▲ 9.9%
2023 · €90k
2018: €83k
2019: €85k
2020: €87k
2021: €89k
2022: €90k
2023: €90k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€88k-€89k▲ 2.1%€90k▲ 0.2%€90k▲ 0.2%€98k▲ 9.5%
Operating result€1k-€45k▲ 3,030%€20k▼ 55.7%€21k▲ 4.0%€12k▼ 43.1%
Net result€3k-€43k▲ 1,609%€18k▼ 57.6%€21k▲ 13.9%€9k▼ 58.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 43% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €178k
Fixed assets
€684▼ 34.0%
Current assets
€177k▼ 4.2%
Equity and liabilities €178k
Equity
€98k▲ 9.5%
Debt
€80k▼ 17.3%
The debt ratio falls from 51.8% to 44.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€12k▼
2023 · €21k
Cash flow
€9k▼
2023 · €21k
Solvency
55.2%▲
2023 · 48.2%
Current ratio
2.27▲
2023 · 1.95
Quick ratio
2.27▲
2023 · 1.95
Debt / equity
0.81▼
2023 · 1.07
ROE
8.7%▼
2023 · 23.1%
ROA
4.8%▼
2023 · 11.1%
Interest coverage
1.81▼
2023 · 3.15
Debt
€80k▼
2023 · €96k
Debt ≤ 1 year
€78k▼
2023 · €95k
Income taxes
€4k▲
2023 · €1k
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€186k€178k▼
Fixed assets21/28€1k€684▼
Tangible fixed assets22/27€1k€654▼
Plant, machinery and equipment23€1k€654▼
Financial fixed assets28€30€30=
Current assets29/58€185k€177k▼
Amounts receivable after more than one year29€96k€85k▼
Other amounts receivable291€96k€85k▼
Amounts receivable within one year40/41€87k€92k▲
Trade receivables40€8k€4k▼
Other amounts receivable41€79k€88k▲
Cash at bank and in hand54/58€2k€268▼
Equity and liabilities
Total equity and liabilities10/49€186k€178k▼
Equity10/15€90k€98k▲
Contributions10/11€19k€19k=
Reserves13€71k€80k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€69k€80k▲
Amounts payable17/49€96k€80k▼
Amounts payable within one year42/48€95k€78k▼
Financial debts43€53k€60k▲
Credit institutions430/8€53k€60k▲
Trade debts44€14k€2k▼
Suppliers440/4€14k€2k▼
Taxes, remuneration and social security45€7k€16k▲
Taxes450/3€7k€16k▲
Other amounts payable47/48€21k-
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€352€352=
Other operating charges640/8€617€723▲
Non-recurring operating charges66A-€88
Gross operating margin9900€22k€13k▼
Operating profit (loss)9901€21k€12k▼
Financial income75/76B€8k€8k▼
Recurring financial income75€8k€8k▼
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€7k▲
Profit (loss) for the period before taxes9903€22k€13k▼
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€21k€9k▼
Profit (loss) for the period to be appropriated9905€21k€9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€9k▼
Transfer to equity691/2€206€9k▲
To other reserves6921€206€9k▲
Profit to be distributed694/7€21k-
Directors or managers695€21k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 55 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Weakest financial yearnet €3k ▼94.3%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
10-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 102 days late
2019
09-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 70 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 134 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2024
VANCOILLIE Dirk Thomas Eduard
CurrentStatutair bestuurder · since 30-05-2024
WAELKENS Cathy Maria Georgette
CurrentStatutair bestuurder · since 30-05-2024
30-05-2024
VANCOILLIE Dirk Thomas Eduard: Resigned as Statutair bestuurder
30-05-2024
VANCOILLIE Dirk Thomas Eduard: Appointed as Statutair bestuurder
30-05-2024
WAELKENS Cathy Maria Georgette: Appointed as Statutair bestuurder
Location & real-estate footprint
Registered office, Deerlijk · 1 establishment unit since 2008
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.
Sint-Amandusstraat 608540 DeerlijkGround area
479 m²
Building footprint
96 m²
Volume, LiDAR
636 m³
Parcel 34009A0183/00W003, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KAREX SERVICE
since 20082.173.918.864
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34009A0183/00W003 | Flanders | 479 m² | 1 · 96 m² | 9.6 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.
Similar companies · same sector, comparable size
Fonte-Fer-Art
BE 0840.508.166
Anderlecht · Eq €98k
INOMETAL
BE 0790.973.236
Bilzen-Hoeselt · Eq €99k
KVR CONSTRUCT
BE 0553.534.359
Ravels · Eq €98k
MAENE L.
BE 0416.062.692
Brugge · Eq €99k
WMN ENGINEERING
BE 0881.596.772
Wuustwezel · Eq €98k
Of 3,964 companies in sector 25110 we hold annual accounts for 2,133. 1,609 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-10-2008
Fiscal year end31-12
Activities, NACEBEL
25110Manufacture of metal structures and parts of structures
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.