Karga
ActiveKarga is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €7.69M and a net result of €2.44M. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 60% of 2793 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Two signals. The signal on the left, the evidence on the right.
○neutral
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 24-06-2025, 37 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
28 d early
2022
38 d early
2021
38 d early
2020
31 d early
2019
31 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Equity
€7.69M▲ 46.4%
2023 · €5.26M
2018: €3.26M
2019: €3.49M
2020: €3.86M
2021: €4.27M
2022: €4.74M
2023: €5.26M
2018 → 2024
Net result
€2.44M▲ 369%
2023 · €520k
2018: €330k
2019: €230k
2020: €369k
2021: €412k
2022: €466k
2023: €520k
2018 → 2024
Total assets
€11.14M▲ 27.7%
2023 · €8.72M
2018: €5.49M
2019: €6.28M
2020: €6.59M
2021: €7.55M
2022: €7.57M
2023: €8.72M
2018 → 2024
Solvency
69.1%▲ 8.8pp
2023 · 60.3%
2018: 59.3%
2019: 55.5%
2020: 58.5%
2021: 56.5%
2022: 62.6%
2023: 60.3%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1k€5k▲ 240%
Equity€3.86M-€4.27M▲ 10.7%€4.74M▲ 10.9%€5.26M▲ 11.0%€7.69M▲ 46.4%
Operating result€92k-€54k▼ 41.3%€129k▲ 139%€207k▲ 60.4%€205k▼ 0.9%
Net result€369k-€412k▲ 11.8%€466k▲ 12.9%€520k▲ 11.7%€2.44M▲ 369%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €11.14M
Fixed assets
€8.92M▲ 4.9%
Current assets
€2.22M▲ 923%
Equity and liabilities €11.14M
Equity
€7.69M▲ 46.4%
Debt
€3.45M▼ 0.6%
The debt ratio falls from 39.7% to 30.9%: equity grows while debt is paid down.
Key figures and ratios
Solvency
69.1%▲
2023 · 60.3%
ROE
31.7%▲
2023 · 9.9%
ROA
21.9%▲
2023 · 6.0%
Debt
€3.45M▼
2023 · €3.47M
Debt ≤ 1 year
€524k▼
2023 · €568k
Debt > 1 year
€2.92M▲
2023 · €2.90M
Income taxes
€47k▲
2023 · €39k
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€8.72M€11.14M▲
Fixed assets21/28€8.51M€8.92M▲
Tangible fixed assets22/27€5.40M€5.84M▲
Land and buildings22€5.40M€5.84M▲
Financial fixed assets28€3.11M€3.08M▼
Affiliated companies280/1€3.11M€3.08M▼
Participating interests280€3.11M€3.08M▼
Current assets29/58€217k€2.22M▲
Amounts receivable after more than one year29-€1.60M
Other amounts receivable291-€1.60M
Amounts receivable within one year40/41€53k€563k▲
Trade receivables40€53k€2k▼
Other amounts receivable41-€562k
Cash at bank and in hand54/58€164k€55k▼
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€8.72M€11.14M▲
Equity10/15€5.26M€7.69M▲
Contributions10/11€2.65M€2.65M=
Capital10€2.65M€2.65M=
Issued capital100€2.65M€2.65M=
Reserves13€2.61M€5.05M▲
Non-distributable reserves130/1€140k€265k▲
Legal reserve130€140k€265k▲
Distributable reserves133€2.47M€4.78M▲
Amounts payable17/49€3.47M€3.45M▼
Amounts payable after more than one year17€2.90M€2.92M▲
Financial debts170/4€2.90M€2.92M▲
Credit institutions173€2.90M€2.92M▲
Amounts payable within one year42/48€568k€524k▼
Current portion of amounts payable after more than one year42€414k€500k▲
Trade debts44€15k€21k▲
Suppliers440/4€15k€21k▲
Taxes, remuneration and social security45€11k-
Taxes450/3€11k-
Other amounts payable47/48€128k€3k▼
Income statement
Code20232024
Operating income70/76A€527k€536k▲
Turnover70€5k-
Other operating income74€522k€536k▲
Operating charges60/66A€320k€331k▲
Goods for resale, raw materials and consumables60€5k-
Purchases600/8€5k-
Services and other goods61€73k€44k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€209k€256k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€8k€-14k▼
Other operating charges640/8€25k€44k▲
Operating profit (loss)9901€207k€205k▼
Financial income75/76B€425k€2.46M▲
Recurring financial income75€425k€2.43M▲
Income from financial fixed assets750€424k€2.42M▲
Income from current assets751€12€4k▲
Other financial income752/9€147€0▼
Non-recurring financial income76B-€30k
Financial charges65/66B€72k€175k▲
Recurring financial charges65€72k€70k▼
Debt charges650€65k€65k▲
Other financial charges652/9€7k€6k▼
Non-recurring financial charges66B-€104k
Profit (loss) for the period before taxes9903€559k€2.49M▲
Income taxes67/77€39k€47k▲
Taxes670/3€39k€47k▲
Profit (loss) for the period9904€520k€2.44M▲
Profit (loss) for the period to be appropriated9905€520k€2.44M▲
Appropriation of the result
Profit (loss) to be appropriated9906€520k€2.44M▲
Transfer to equity691/2€520k€2.44M▲
To the legal reserve6920€30k€125k▲
To other reserves6921€490k€2.31M▲
The notes to these accounts (46 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €2.44M ▲369%
Net result €2.44M, the highest in the series.
31-12
Financial
Liquidity times 11current ratio 4.23
Current ratio from 0.38 to 4.23; short-term debt falls from €568k to €524k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €5MEq €5.26M ▲11%
6 profitable years in a row build equity to €5.26M.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet €230k ▼30.3%
Net result drops to €230k, the lowest in the series; recovery starts the following year.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
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.
Directors · office · real estate
Directors
9 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, Lier · 1 establishment unit since 2010
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.
Joseph Van Instraat 182500 LierGround area
2,286 m²
Building footprint
1,091 m²
Volume, LiDAR
7,054 m³
Parcel 12392A0317/00A002, Flanders · tallest building 8.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Karga
since 20102.193.561.364
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12392A0317/00A002 | Flanders | 2,285 m² | 1 · 1,091 m² | 8.0 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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Of 24,640 companies in sector 64210 we hold annual accounts for 19,693. 6,790 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-10-2010
Fiscal year end31-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
68110Buying and selling of own real estate
70200Business and other management consultancy
70220Business consulting
Sources
Crossroads Bank for EnterprisesNational Bank · 9 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.