KARMA-XL
ActiveKARMA-XL has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €202k and a net result of €4k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 16414 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
86
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability11▼-89
Solvency100=
Growth35▼-17
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 79.75 against 23.56 in 2024), and 1.3% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Sector 86
lower
← fewer bankruptcies
more bankruptcies →
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
98.7%
Return on assets
2.2%
Age of the figures
11 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-03-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 d early
2024
36 d early
2023
32 d early
2022
40 d early
2021
37 d early
2020
37 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€63k▼ 52.2%
2019 · €131k
2018: €128k
2019: €131k
2018 → 2020
EBIT margin
25.7%▼ 20.6pp
2019 · 46.2%
2018: 49.9%
2019: 46.2%
2018 → 2020
Net result
€4k▼ 89.4%
2024 · €42k
2018: €40k
2019: €42k
2020: €10k
2021: €-11k
2022: €38k
2023: €45k
2024: €42k
2018 → 2025
Working capital
€201k▲ 1.6%
2024 · €198k
2018: €121k
2019: €161k
2020: €169k
2021: €157k
2022: €125k
2023: €154k
2024: €198k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€159k-€126k▼ 20.6%€155k▲ 22.8%€197k▲ 27.3%€202k▲ 2.3%
Operating result€-11k-€48k€60k▲ 25.3%€57k▼ 5.2%€4k▼ 93.4%
Net result€-11k-€38k€45k▲ 18.7%€42k▼ 5.7%€4k▼ 89.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 93% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €204k
Fixed assets
€136▼ 44.4%
Current assets
€204k▼ 1.5%
Equity and liabilities €204k
Equity
€202k▲ 2.3%
Debt
€3k▼ 74.8%
The debt ratio falls from 4.9% to 1.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€4k▼
2024 · €57k
Cash flow
€5k▼
2024 · €43k
Solvency
98.7%▲
2024 · 95.1%
Current ratio
79.75▲
2024 · 23.56
Quick ratio
79.75▲
2024 · 23.56
Debt / equity
0.01▼
2024 · 0.05
ROE
2.2%▼
2024 · 21.5%
ROA
2.2%▼
2024 · 20.4%
Interest coverage
6.49▼
2024 · 36.90
Debt
€3k▼
2024 · €10k
Debt ≤ 1 year
€3k▼
2024 · €9k
Income taxes
€2k▼
2024 · €16k
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€207k€204k▼
Fixed assets21/28€245€136▼
Tangible fixed assets22/27€245€136▼
Plant, machinery and equipment23€245€136▼
Current assets29/58€207k€204k▼
Amounts receivable after more than one year29€100k€100k=
Other amounts receivable291€100k€100k=
Amounts receivable within one year40/41€3k€5k▲
Other amounts receivable41€3k€5k▲
Current investments50/53€60k-
Cash at bank and in hand54/58€42k€98k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€207k€204k▼
Equity10/15€197k€202k▲
Contributions10/11€19k€19k=
Outside capital11€19k€19k=
Other1109/19€19k€19k=
Reserves13€179k€183k▲
Non-distributable reserves130/1€2k-
Legal reserve130€2k-
Distributable reserves133€177k€183k▲
Amounts payable17/49€10k€3k▼
Amounts payable within one year42/48€9k€3k▼
Trade debts44€707€427▼
Suppliers440/4€707€427▼
Taxes, remuneration and social security45€4k€2k▼
Taxes450/3€4k€2k▼
Other amounts payable47/48€4k-
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€653€109▼
Other operating charges640/8€63€121▲
Gross operating margin9900€57k€4k▼
Operating profit (loss)9901€57k€4k▼
Financial income75/76B€4k€4k▲
Recurring financial income75€4k€4k▲
Financial charges65/66B€2k€588▼
Recurring financial charges65€2k€588▼
Profit (loss) for the period before taxes9903€59k€7k▼
Income taxes67/77€16k€2k▼
Profit (loss) for the period9904€42k€4k▼
Profit (loss) for the period to be appropriated9905€42k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€42k€4k▼
Transfer from equity791/2€2k-
Transfer to equity691/2€44k€4k▼
To the legal reserve6920€2k-
To other reserves6921€42k€4k▼
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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Liquidity triplescurrent ratio 79.75
Current ratio from 23.56 to 79.75; short-term debt falls from €9k to €3k.
30-09
Financial
Equity above €200kEq €202k ▲2.3%
4 profitable years in a row build equity to €202k.
25-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity times 6current ratio 23.56
Current ratio from 4.26 to 23.56; short-term debt falls from €47k to €9k.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Highest result since 2018net €45k ▲18.7%
Net result €45k, the highest in the series.
30-09
Financial
Equity above €150kEq €155k ▲22.8%
2 profitable years in a row build equity to €155k.
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €38k
Net result €38k after one loss-making year.
24-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet €-11k ▼207%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 14current ratio 91.84
Current ratio from 6.65 to 91.84; short-term debt falls from €30k to €2k.
24-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Equity above €150kEq €159k ▲35.3%
2 profitable years in a row build equity to €159k.
14-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Elsene · 1 establishment unit since 2012
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.
George Bergmannlaan 1091050 ElseneGround area
1,729 m²
Building footprint
584 m²
Volume, LiDAR
9,704 m³
2 parcels, Brussels · tallest building 23.2 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
KARMA-XL
since 20122.208.339.612
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21446D0181/00E009 | Brussels | 1,075 m² | 1 · 340 m² | 23.2 m · 6 fl. |
| 21446D0030/00X014 | Brussels | 655 m² | 1 · 245 m² | 16.6 m · 5 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
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Medical Service Line
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Kinesistenpraktijk Rys Klaas
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CATALDO MEDICALS
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Of 10,458 companies in sector 86995 we hold annual accounts for 883. 650 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded03-04-2012
Fiscal year end30-09
Activities, NACEBEL
86909Human health activities
86995Nutrition and dietetics services
64200Holdings
64210Activities of holding companies
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.