Karma
Karma 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 €882k and a net result of €799k. Equity is growing by ~23.7% per year across the filed fiscal years. Its solvency ranks better than 79% of 9871 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €882k |
| Net result | €799k |
| Better than sector | 79% |
| Active | 7 yrs |
Strong profile, led by profitability.
Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
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 | 82.2% | 54.8% | |
| Net result | €799k | €29k | |
| Equity | €882k | €138k | |
| Gross operating margin | €17k | €58k | |
| Total assets | €1.07M | €337k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | n/a | n/a | n/a | n/a | n/a |
| EBITDA | n/a | n/a | n/a | n/a | n/a |
| Net profit | €799k | €15k | €15k | €16k | €26k |
| Cash flow | n/a | n/a | n/a | n/a | n/a |
| Staff costs | - | - | - | - | - |
| Income taxes | €116 | €7k | €7k | €6k | €11k |
| Dividends | - | - | - | - | - |
| Total assets | €1.07M | €245k | €247k | €256k | €266k |
| Equity | €882k | €83k | €68k | €53k | €36k |
| Debt | €192k | €162k | €179k | €203k | €230k |
| of which ≤ 1y | €93k | €39k | €32k | €33k | €37k |
| of which > 1y | €98k | €122k | €146k | €170k | €193k |
| Working capital | n/a | n/a | n/a | n/a | n/a |
| Employees (FTE) | - | - | - | - | - |
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | n/a | n/a | n/a | n/a | n/a |
| Quick ratio | n/a | n/a | n/a | n/a | n/a |
| Working capital ratio | n/a | n/a | n/a | n/a | n/a |
| Solvency | 82.2% | 34.0% | 27.6% | 20.7% | 13.7% |
| Debt / equity | n/a | n/a | n/a | n/a | n/a |
| Long-term debt ratio | n/a | n/a | n/a | n/a | n/a |
| Interest coverage | n/a | n/a | n/a | n/a | n/a |
| Gross margin | n/a | n/a | n/a | n/a | n/a |
| Net margin | n/a | n/a | n/a | n/a | n/a |
| ROA | 74.4% | 6.2% | 6.2% | 6.4% | 9.9% |
| ROE | 90.6% | 18.3% | 22.4% | 31.0% | 72.6% |
| EBITDA margin | n/a | n/a | n/a | n/a | n/a |
| Days sales outstanding | n/a | n/a | n/a | n/a | n/a |
| Days payable outstanding | n/a | n/a | n/a | n/a | n/a |
| Inventory turnover | n/a | n/a | n/a | n/a | n/a |
| Days inventory (DSI) | n/a | n/a | n/a | n/a | n/a |
Full annual accounts (24 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.07M | €245k | €247k | €256k | €266k |
| Fixed assets | 21/28 | €821k | €190k | €240k | €240k | €240k |
| Tangible fixed assets | 22/27 | €631k | - | - | - | - |
| Financial fixed assets | 28 | €190k | €190k | €240k | €240k | €240k |
| Current assets | 29/58 | €253k | €55k | €7k | €16k | €26k |
| Amounts receivable within one year | 40/41 | €53k | €54k | - | €11k | €4k |
| Cash & bank | 54/58 | €200k | €1k | €7k | €5k | €23k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.07M | €245k | €247k | €256k | €266k |
| Equity | 10/15 | €882k | €83k | €68k | €53k | €36k |
| Contributions / capital | 10/11 | €10k | €10k | €10k | €10k | - |
| Reserves | 13 | €31k | €31k | €15k | - | - |
| Accumulated profits (losses) | 14 | €842k | €43k | €43k | €43k | €26k |
| Amounts payable | 17/49 | €192k | €162k | €179k | €203k | €230k |
| Amounts payable after one year | 17 | €98k | €122k | €146k | €170k | €193k |
| Amounts payable within one year | 42/48 | €93k | €39k | €32k | €33k | €37k |
| Trade debts payable within one year | 44 | €51k | €2k | €496 | €6k | - |
| Income statement | ||||||
| Gross operating margin | 9900 | €17k | €25k | €25k | €25k | €48k |
| Operating result | 9901 | €2k | €25k | €25k | €25k | €47k |
| Financial income | 75 | €800k | - | - | - | - |
| Financial charges | 65 | €3k | €3k | €3k | €3k | €10k |
| Result before taxes | 9903 | €799k | €22k | €22k | €22k | €37k |
| Income taxes | 67/77 | €116 | €7k | €7k | €6k | €11k |
| Net result for the period | 9904 | €799k | €15k | €15k | €16k | €26k |
| Result to be appropriated | 9905 | €799k | €15k | €15k | €16k | €26k |
| NACE primary | Activities of holding companies(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 13-05-2019 |
| Status | Active |
| Postal code | 3500 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0028/00K013 | Flanders | 580 m² | 1 · 118 m² | 7.6 m · 2 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
05-08-2024 Registered office moved from Zonhoven to Hasselt
- Industrieweg-Zuid 1405, 3520 Zonhoven, België → Waterleliestraat 86 te 3500 Hasselt
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Waterleliestraat 86 te 3500 Hasselt",
"city": "Hasselt",
"region": "vlaams_gewest",
"street": "Waterleliestraat",
"country": "BE",
"postcode": "3500",
"box_number": null,
"street_number": "86",
"locality_suffix": null
},
"old_address": {
"raw": "Industrieweg-Zuid 1405, 3520 Zonhoven, Belgi\u00EB",
"city": "Zonhoven",
"region": "vlaams_gewest",
"street": "Industrieweg-Zuid",
"country": "BE",
"postcode": "3520",
"box_number": null,
"street_number": "1405",
"locality_suffix": null
},
"effective_date": "2024-07-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Zonhoven",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-08-05",
"filing_date": "2024-07-24",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2024-07-01",
"unanimous": true
},
"subject_company": {
"kbo": "0726.707.865",
"name_full": "Karma",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Jolien Janssens",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": []
}| Legal nameNL | Karma |