KARMA
KARMA has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €515k and a net result of €-10k. Equity is growing by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 67% of 3112 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
| Equity | €515k |
| Net result | €-10k |
| Better than sector | 67% |
| Active | 31 yrs |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 72.2% | 52.8% | |
| Net result | €-10k | €58k | |
| Equity | €515k | €1.05M | |
| Gross operating margin | €-16k | €100k | |
| Total assets | €713k | €2.62M |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €-17k | €-33k | €115k | €114k | €150k |
| Net profit | €-10k | €-33k | €68k | €65k | €93k |
| Cash flow | €-7k | €-28k | €76k | €74k | €103k |
| Staff costs | - | - | - | - | - |
| Income taxes | €778 | €2k | €30k | €26k | €37k |
| Dividends | - | - | - | - | - |
| Total assets | €713k | €755k | €840k | €803k | €761k |
| Equity | €515k | €526k | €558k | €490k | €425k |
| Debt | €198k | €230k | €281k | €312k | €336k |
| of which ≤ 1y | €197k | €205k | €225k | €226k | €220k |
| of which > 1y | €0 | €25k | €56k | €87k | €116k |
| Working capital | €512k | €543k | €602k | €557k | €512k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 3.60 | 3.65 | 3.68 | 3.47 | 3.33 |
| Quick ratio | 3.60 | 3.65 | 3.68 | 3.47 | 3.33 |
| Working capital ratio | 71.8% | 71.8% | 71.7% | 69.4% | 67.2% |
| Solvency | 72.2% | 69.6% | 66.5% | 61.1% | 55.9% |
| Debt / equity | 0.38 | 0.44 | 0.50 | 0.64 | 0.79 |
| Long-term debt ratio | 0.00 | 0.05 | 0.10 | 0.18 | 0.27 |
| Interest coverage | -1.97 | -3.23 | 9.98 | 8.32 | 15.19 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -1.5% | -4.3% | 8.1% | 8.1% | 12.2% |
| ROE | -2.0% | -6.2% | 12.2% | 13.2% | 21.9% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €713k | €755k | €840k | €803k | €761k |
| Fixed assets | 21/28 | €4k | €8k | €13k | €20k | €30k |
| Tangible fixed assets | 22/27 | €4k | €8k | €13k | €20k | €30k |
| Financial fixed assets | 28 | - | - | - | - | €350 |
| Current assets | 29/58 | €709k | €748k | €827k | €783k | €731k |
| Amounts receivable within one year | 40/41 | €279k | €266k | €269k | €3k | €3k |
| Investments | 50/53 | - | €350k | - | - | - |
| Cash & bank | 54/58 | €430k | €130k | €556k | €777k | €726k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €713k | €755k | €840k | €803k | €761k |
| Equity | 10/15 | €515k | €526k | €558k | €490k | €425k |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k | €62k |
| Reserves | 13 | €257k | €257k | €257k | €257k | €257k |
| Accumulated profits (losses) | 14 | €197k | €207k | €240k | €171k | €107k |
| Amounts payable | 17/49 | €198k | €230k | €281k | €312k | €336k |
| Amounts payable after one year | 17 | €0 | €25k | €56k | €87k | €116k |
| Amounts payable within one year | 42/48 | €197k | €205k | €225k | €226k | €220k |
| Trade debts payable within one year | 44 | €2k | €3k | €4k | €2k | €1k |
| Income statement | ||||||
| Gross operating margin | 9900 | €-16k | €-32k | €116k | €116k | €152k |
| Operating result | 9901 | €-20k | €-38k | €107k | €105k | €140k |
| Financial income | 75 | €19k | €18k | €2k | €80 | - |
| Financial charges | 65 | €9k | €10k | €11k | €14k | €10k |
| Result before taxes | 9903 | €-10k | €-30k | €98k | €91k | €130k |
| Income taxes | 67/77 | €778 | €2k | €30k | €26k | €37k |
| Net result for the period | 9904 | €-10k | €-33k | €68k | €65k | €93k |
| Result to be appropriated | 9905 | €-10k | €-33k | €68k | €65k | €93k |
| NACE primary | Business and other management consultancy(70200) |
| Legal form | Public limited company(014) |
| Incorporation | 19-12-1994 |
| Status | Active |
| Postal code | 8710 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37014A0276/00H000 | Flanders | 4.3 ha | 1 · 3.7 ha | - |
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
11-09-2024 Registered office moved within Wielsbeke
- Driekoningenstraat 6, 8710 Wielsbeke → 8710 Wielsbeke, Driekoningenstraat 7
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_administratif",
"new_address": {
"raw": "8710 Wielsbeke, Driekoningenstraat 7",
"city": "Wielsbeke",
"region": "vlaams_gewest",
"street": "Driekoningenstraat",
"country": "BE",
"postcode": "8710",
"box_number": null,
"street_number": "7",
"locality_suffix": null
},
"old_address": {
"raw": "Driekoningenstraat 6, 8710 Wielsbeke",
"city": "Wielsbeke",
"region": "vlaams_gewest",
"street": "Driekoningenstraat",
"country": "BE",
"postcode": "8710",
"box_number": null,
"street_number": "6",
"locality_suffix": null
},
"effective_date": "2024-04-01",
"evidence_quote": "De enige bestuurder bevestigt dat de zetel van de vennootschap met ingang van 1 april 2024 verplaatst werd naar het volgende adres: 8710 Wielsbeke, Driekoningenstraat 7.",
"region_changed": false,
"is_statute_change": false,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": null,
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-09-11",
"filing_date": null,
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "enige_bestuurder",
"date": "2024-05-10",
"unanimous": true
},
"subject_company": {
"kbo": "0454.005.530",
"name_full": "KARMA",
"legal_form": "NV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Annick DHEEDENE",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": []
}| Legal nameNL | KARMA |