KARMA RENOV

Active

Private limited companyfounded 20205 yrs activeBergensesteenweg 24, 1600 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 0758.785.666

Summary

The computed 12-month bankruptcy probability of KARMA RENOV is 4.4% (elevated). For KARMA RENOV, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €19k and a net result of €8k. Its solvency ranks better than 58% of 3607 sector peers (fiscal year 2022). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

No current score

Figures too old

The available figures for FY 2022 are too old to assess current financial health.

Bankruptcy probability: Elevated

Filing: At least two filing cycles are missing

Axes, FY 2022 · tick = 2021

Profitability91▼-6

Solvency69▲+4

Growth78

Track record94

Bankruptcy probability, 12 months

4.4% Elevated

0%0.5%1.5%4%10%≥ 25%

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2022

Solvency, return and age of the figures

Solvency

44%

Return on assets

17.9%

Age of the figures

45 mo

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Two or more financial years not filed

Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 2 filings

Position against the passed deadline

31-12-2023 close31-07-2024 deadline24-09-2026 today

Filed after the deadline

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 25-08-2023, 25 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 · 2 filings

Deviation from the deadline

2025

not confirmed

2024

not filed

2023

not filed

2022

25 d late

2021

30 d late

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2022, full schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€8k▲ 23.2%

2021 · €6k

2021: €6k

2021 → 2022

Working capital

€16k▲ 60.4%

2021 · €10k

2021: €10k

2021 → 2022

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022Trend

Equity€11k-€19k▲ 68.7%

Operating result€8k-€13k▲ 58.4%

Net result€6k-€8k▲ 23.2%

Result per fiscal year

Operating resultNet result

The operating result rises in 2022; 2022 is 58% above 2021.

Balance-sheet composition

2022 in colour, 2021 as the grey bar beneath

Assets €43k

92.2%

Fixed assets €3k ▲ 122%

Current assets €40k ▲ 49.5%

Equity and liabilities €43k

44.0%

56.0%

Equity €19k ▲ 68.7%

Debt €24k ▲ 43.2%

Debt's share of the balance-sheet total falls from 60.0% to 56.0%. Equity and debt are higher.

Key figures and ratios

2022 value · change against 2021

EBITDA

€14k▲

2021 · €9k

Cash flow

€9k▲

2021 · €7k

Current ratio

1.65▲

2021 · 1.58

Debt to equity

1.27▼

2021 · 1.50

ROE

40.7%▼

2021 · 55.8%

ROA

17.9%▼

2021 · 22.3%

Interest coverage

11.68▼

2021 · 73.99

Debt ≤ 1 year

€24k▲

2021 · €17k

Income taxes

€4k▲

2021 · €2k

Staff costs

€48k▲

2021 · €2k

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2022 against 2021 · 44 lines

Balance sheet Code20212022

Assets

Total assets20/58€28k€43k▲

Fixed assets21/28€2k€3k▲

Tangible fixed assets22/27€1k€3k▲

Furniture and vehicles24€1k€3k▲

Financial fixed assets28€205€205=

Current assets29/58€27k€40k▲

Amounts receivable within one year40/41€20k€30k▲

Trade receivables40€12k€20k▲

Other amounts receivable41€8k€10k▲

Cash at bank and in hand54/58€6k€6k▼

Deferred charges and accrued income490/1€769€4k▲

Equity and liabilities

Total equity and liabilities10/49€28k€43k▲

Equity10/15€11k€19k▲

Contributions10/11€5k€5k=

Reserves13€500€500=

Non-distributable reserves130/1€500€500=

Reserves not available under the articles1311€500€500=

Profit (loss) carried forward14€6k€14k▲

Amounts payable17/49€17k€24k▲

Amounts payable within one year42/48€17k€24k▲

Trade debts44€5k€7k▲

Suppliers440/4€5k€7k▲

Taxes, remuneration and social security45€2k€8k▲

Taxes450/3€2k€4k▲

Remuneration and social security454/9€26€4k▲

Other amounts payable47/48€10k€10k▼

Income statement Code20212022

Remuneration, social security and pensions62€2k€48k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€506€1k▲

Other operating charges640/8€695€187▼

Gross operating margin9900€11k€62k▲

Operating profit (loss)9901€8k€13k▲

Financial income75/76B-€3

Recurring financial income75-€3

Financial charges65/66B€115€1k▲

Recurring financial charges65€115€1k▲

Profit (loss) for the period before taxes9903€8k€12k▲

Income taxes67/77€2k€4k▲

Profit (loss) for the period9904€6k€8k▲

Profit (loss) for the period to be appropriated9905€6k€8k▲

Appropriation of the result

Profit (loss) to be appropriated9906€6k€14k▲

Profit (loss) brought forward from the previous period14P-€6k

Transfer to equity691/2€500-

To the legal reserve6920€500-

Social balance

Average headcount (FTE)9087-0.9

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 2Filings 2

2023

25-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 25 days late

2022

30-08

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 30 days late

NBB filing

Directors · office · real estate

Directors

2 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, Sint-Pieters-Leeuw · 1 establishment unit since 2020

establishment The establishment unit on the map

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.

Bergensesteenweg 241600 Sint-Pieters-Leeuw

Ground area

2,134 m²

Building footprint

553 m²

Volume, LiDAR

4,013 m³

2 parcels, Flanders · tallest building 11.6 m, ±3 floors. Linked by address, not a title deed.

1 establishment unit

KARMA RENOV

Edingensesteenweg 787, 1502 HalleRepair, maintenance and installation of machinery and equipment

since 20202.311.262.550

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
23077A0118/00W082	Flanders	1,638 m²	1 · 398 m²	9.5 m · 3 fl.
23043B0002/00B004	Flanders	496 m²	1 · 156 m²	11.6 m · 1 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels 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

RENOMARC

BE 0873.099.473

Sint-Gillis (bij-Brussel) · Eq €19,081

FS TOITURE ET OSSATURES BOIS

Verviers · Eq €19,104

Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,145 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded26-11-2020

Fiscal year end31-12

Activities, NACEBEL 2025

43990Other specialised construction activities

43211General electrical installation work

43350Other building finishing work

Sources

Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

E-mail:karma.renov@gmail.com

Enterprise