KARJAN
ActiveKARJAN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €294k and a net result of €94k. Equity is growing by ~37.8% per year across the filed fiscal years. Its solvency ranks better than 43% of 14009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+4
Solvency46▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18k at 30 days acceptable
Liquidity short (current ratio 0.15 against 0.17 in 2024; short-term debt: 79% and cash: 11.9% of total assets), and 79% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 2025Solvency, return and age of the figures
Solvency
21%
Return on assets
6.7%
Age of the figures
9 mo
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
71 d early
2023
85 d early
2022
40 d early
2021
23 d late
2020
23 d early
2019
7 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€294k▲ 47.0%
2024 · €200k
2018: €-449k
2019: €-412k
2020: €-352k
2021: €-304k
2022: €79k
2023: €145k
2024: €200k
2018 → 2025
Total assets
€1.40M▼ 10.0%
2024 · €1.56M
2018: €1.68M
2019: €1.56M
2020: €1.48M
2021: €1.41M
2022: €1.70M
2023: €1.65M
2024: €1.56M
2018 → 2025
Net result
€94k▲ 70.4%
2024 · €55k
2018: €50k
2019: €37k
2020: €60k
2021: €49k
2022: €46k
2023: €66k
2024: €55k
2018 → 2025
Working capital
€-936k▲ 17.1%
2024 · €-1.13M
2018: €-1.91M
2019: €-1.79M
2020: €-1.64M
2021: €-1.52M
2022: €-1.42M
2023: €-1.28M
2024: €-1.13M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-304k-€79k€145k▲ 82.8%€200k▲ 38.1%€294k▲ 47.0%
Operating result€49k-€46k▼ 5.4%€66k▲ 41.4%€53k▼ 19.4%€91k▲ 71.7%
Net result€49k-€46k▼ 5.4%€66k▲ 42.0%€55k▼ 15.8%€94k▲ 70.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 72% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.40M
Fixed assets
€1.23M▼ 7.4%
Current assets
€169k▼ 25.3%
Equity and liabilities €1.40M
Equity
€294k▲ 47.0%
Debt
€1.11M▼ 18.5%
The debt ratio falls from 87.1% to 79.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€189k▲
2024 · €152k
Cash flow
€193k▲
2024 · €155k
Solvency
21.0%▲
2024 · 12.9%
Current ratio
0.15▼
2024 · 0.17
Quick ratio
0.15▼
2024 · 0.17
Debt / equity
3.76▼
2024 · 6.77
ROE
32.0%▲
2024 · 27.6%
ROA
6.7%▲
2024 · 3.6%
Interest coverage
748.19▼
2024 · 1284.65
Debt
€1.11M▼
2024 · €1.36M
Debt ≤ 1 year
€1.11M▼
2024 · €1.36M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.56M€1.40M▼
Fixed assets21/28€1.33M€1.23M▼
Tangible fixed assets22/27€1.33M€1.23M▼
Land and buildings22€1.30M€1.20M▼
Plant, machinery and equipment23€34k€28k▼
Current assets29/58€227k€169k▼
Amounts receivable within one year40/41€851€2k▲
Trade receivables40€0-
Other amounts receivable41€851€2k▲
Current investments50/53€101k€0▼
Cash at bank and in hand54/58€124k€166k▲
Deferred charges and accrued income490/1€1k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.56M€1.40M▼
Equity10/15€200k€294k▲
Contributions10/11€919k€919k=
Capital10€919k€919k=
Issued capital100€919k€919k=
Reserves13€8k€8k=
Non-distributable reserves130/1€392€392=
Legal reserve130€392€392=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€-727k€-632k▲
Amounts payable17/49€1.36M€1.11M▼
Amounts payable within one year42/48€1.36M€1.11M▼
Trade debts44€170€241▲
Suppliers440/4€170€241▲
Taxes, remuneration and social security45€525€235▼
Taxes450/3€525€235▼
Other amounts payable47/48€1.35M€1.10M▼
Accrued charges and deferred income492/3€150€108▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€99k€99k▼
Other operating charges640/8€20k€21k▲
Gross operating margin9900€172k€210k▲
Operating profit (loss)9901€53k€91k▲
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€119€253▲
Recurring financial charges65€119€253▲
Profit (loss) for the period before taxes9903€55k€94k▲
Profit (loss) for the period9904€55k€94k▲
Profit (loss) for the period to be appropriated9905€55k€94k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-727k€-632k▲
Profit (loss) brought forward from the previous period14P€-782k€-727k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €94k ▲70.4%
Operating result €91k, net result €94k, both a record.
21-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €200kEq €200k ▲38.1%
7 profitable years in a row build equity to €200k.
07-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €100kEq €145k ▲82.8%
6 profitable years in a row build equity to €145k.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €37k ▼25.1%
Net result drops to €37k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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, Destelbergen · 1 establishment unit since 1991
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.
Kromrede 139070 DestelbergenGround area
1,330 m²
Building footprint
192 m²
Parcel 44013A0832/00H000, Flanders. Linked by address, not a title deed.
1 establishment unit
KARJAN NV
since 19912.051.167.047
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44013A0832/00H000 | Flanders | 1,330 m² | 1 · 192 m² | - |
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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CHAMPIMAS
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BUILDING GRYVAN
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Of 7,322 companies in sector 68110 we hold annual accounts for 5,382. 3,857 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-12-1990
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70120
Sources
Crossroads Bank for EnterprisesNational Bank · 35 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.