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Karmar

Active
Private limited companyfounded 20241 yr activeTervuursesteenweg 1, 3060 Bertem, BelgiumKBO/BCE: BE 1017.065.289
Summary

Karmar has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95,806 and a net result of €92,806. Its solvency ranks better than 65% of 2356 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Checked score

Score 2025
Axes
Profitability100
Solvency100
Growth-
Track record67
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days only on tighter terms
Liquidity ample (current ratio 4.14; short-term debt: 23.8% and cash: 8.4% of total assets), and 23.8% of the assets are financed with debt.
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Signals

Four 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
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 1 year 0 10 y
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
76.2%
Return on assets
73.8%
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 31-07-2026, 0 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2025
on the day
← before the deadline after the deadline →
Checked, nothing found (1)
neutral · 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

History

Karmar was incorporated on 6 December 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2025

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Financials · fiscal year 2025, abbreviated schema

Equity
€95,806
Total assets
€125,694
Net result
€92,806
Working capital
€93,897

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Balance-sheet composition
Assets €125,694
Fixed assets €1,909
Current assets €123,785
Equity and liabilities €125,694
Equity €95,806
Debt €29,888
Debt finances 23.8% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€121,437
Cash flow
€95,846
Current ratio
4.14
Debt to equity
0.31
ROE
96.9%
ROA
73.8%
Interest coverage
96.65
Debt ≤ 1 year
€29,888
Income taxes
€24,700

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
97% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 11,279 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 38 lines
Balance sheet Code2025
Assets
Total assets20/58€125,694
Fixed assets21/28€1,909
Tangible fixed assets22/27€1,909
Furniture and vehicles24€1,909
Current assets29/58€123,785
Amounts receivable within one year40/41€15,509
Other amounts receivable41€15,509
Cash at bank and in hand54/58€10,585
Deferred charges and accrued income490/1€97,691
Equity and liabilities
Total equity and liabilities10/49€125,694
Equity10/15€95,806
Contributions10/11€3,000
Reserves13€92,800
Distributable reserves133€92,800
Profit (loss) carried forward14€6
Amounts payable17/49€29,888
Amounts payable within one year42/48€29,888
Trade debts44€303
Suppliers440/4€303
Taxes, remuneration and social security45€29,586
Taxes450/3€24,700
Remuneration and social security454/9€4,886
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,040
Other operating charges640/8€150
Gross operating margin9900€121,587
Operating profit (loss)9901€118,397
Financial income75/76B€366
Recurring financial income75€366
Financial charges65/66B€1,256
Recurring financial charges65€1,256
Profit (loss) for the period before taxes9903€117,506
Income taxes67/77€24,700
Profit (loss) for the period9904€92,806
Profit (loss) for the period to be appropriated9905€92,806
Appropriation of the result
Profit (loss) to be appropriated9906€92,806
Transfer to equity691/2€92,800
To other reserves6921€92,800
Social balance
Average headcount (FTE)90870.0

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,040
Other operating charges640/8€150
Gross operating margin9900€121,587
Operating profit (loss)9901€118,397
Financial income75/76B€366
Recurring financial income75€366
Financial charges65/66B€1,256
Recurring financial charges65€1,256
Profit (loss) for the period before taxes9903€117,506
Income taxes67/77€24,700
Profit (loss) for the period9904€92,806
Profit (loss) for the period to be appropriated9905€92,806
Line2025
Assets
Total assets20/58€125,694
Fixed assets21/28€1,909
Tangible fixed assets22/27€1,909
Furniture and vehicles24€1,909
Current assets29/58€123,785
Amounts receivable within one year40/41€15,509
Other amounts receivable41€15,509
Cash at bank and in hand54/58€10,585
Deferred charges and accrued income490/1€97,691
Equity and liabilities
Total equity and liabilities10/49€125,694
Equity10/15€95,806
Contributions10/11€3,000
Reserves13€92,800
Distributable reserves133€92,800
Profit (loss) carried forward14€6
Amounts payable17/49€29,888
Amounts payable within one year42/48€29,888
Trade debts44€303
Suppliers440/4€303
Taxes, remuneration and social security45€29,586
Taxes450/3€24,700
Remuneration and social security454/9€4,886
Line2025
Profit (loss) for the period9904€92,806
+ Depreciation and write-downs630€3,040
Operating cash flow (approximation)€95,846

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2026
31-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
NBB filing
0 of 2 acts read
About the unread acts

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.

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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, Bertem · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
413 m²
Building footprint
283 m²
Parcel 24009C0001/00W000, Flanders. Linked by address, not a title deed.
1 establishment unit
Karmar
Tervuursesteenweg 1, 3060 BertemSpecialist medical practice
since 20242.367.864.426
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
24009C0001/00W000 Flanders 413 m² 1 · 283 m² 0.0 m
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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

Of 16,631 companies in sector 86220 we hold annual accounts for 7,983. 6,243 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded06-12-2024
Fiscal year end31-12
Activities, NACEBEL 2025
86220Specialist medical practice
E-invoicing
Reachable via Peppol
Peppol ID 0208:1017065289
Registered 27-03-2026

Register as of 26 September 2026 · Peppol Directory

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