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KARNAK

Active Private limited company (pre-2019)founded 1996active for 30 yearsMarkt 17CD, 9700 OudenaardeKBO/BCE: BE 0458.396.561 #5 oldest company in Oudenaarde, Accommodation and food service sector

Lifetime

18 annual accounts with figures on one time axis, 29 filings since 1997
peak €24,462 (2018)
€4,475▼ 55.2%
lowest -€3,921 (2021)
€1,113▼ 82.6%
peak €37,571 (2025)
€37,571▲ 3.1%
€6,690▼ 18.3%
Board2 names since 2018
1 director
Documentsfilings and deeds
30-09-202661 days late
2025micro format
Gross margin from €9,997 to €4,475Result from €6,400 to €1,113Debts from €8,187 to €6,690

Key points

from the 2025 annual accounts

Turnover

≈ €50,000 estimated

The micro format states no turnover.

Filings

29 annual accounts 61 days
AprilJune31 JulyOctober200020102020

Latest accounts filed late: after the legal deadline.

Position in the sector

84.9%

Higher solvency than 93% of companies in food and beverage service. Sector median 29.6% · 18,532 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 17,044 companies had the same profile as KARNAK has now. Each dot stands for 43 companies, two years later.

94.3%
were still trading
5.0%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.2% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 2.9% 3.1%
10 5.6% 6.1%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 17,044 companies, not a prediction for KARNAK. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0458396561
Resignation: (director) Director discharge: · General meeting of 22-10-2024 · Gazette deed
Appointment: (manager) General meeting of 01-03-2018 · Gazette deed
First establishment Markt 17 C, Oudenaarde
All 41 events

Comparable companies

same main activity, similar in size and age
Company
KARNAK Oudenaarde €44,261 €4,475 84.9% -
FRAGMAI Fleurus €41,679 €4,628 19.9% -
't KLEIN OFFER Haaltert €32,859 €4,582 47.6% -
DE NAEYER - VAN LIEFFERINGE Erpe-Mere €33,145 €6,226 -66.9% -
NUR GENT Ghent €47,610 €3,692 54.0% -
BUTERFLY Mechelen €40,934 €5,823 86.1% -
BOAZZATI Schaerbeek €56,743 €4,335 32.8% -

These companies have the same main activity as KARNAK: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €32,900 and €56,700, founded between 1995 and 2004.

Official details

Source: KBO
Status
Active since 08-07-1996Normal situation
Activity
Limited-service restaurants, excluding mobile food servicesNACE 56112
Establishment unit
2.078.064.4549700 Oudenaarde, since 04-09-1996
Financial year end
31 December
Peppol
Reachable since 09-01-2026
Company details

Annual accounts 2025

€44,261▼ 0.9%
Filing
Filed on 30-09-2026
Financials

Insights on KARNAK

KARNAK files the micro format. That format states no turnover. The gross margin rose from €720 in 2008 to €4,475 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about KARNAK

What is the company number of KARNAK?
The company number of KARNAK is 0458.396.561. The VAT number is the same number with BE in front: BE 0458.396.561.
Where is KARNAK based?
The registered office is at Markt 17CD, 9700 Oudenaarde.Company details
What does KARNAK do?
According to the KBO register, the main activity is limited-service restaurants, excluding mobile food services (NACE 56112).
What is the legal form of KARNAK?
KARNAK is a private limited company (pre-2019) (BVBA).
When was KARNAK founded?
KARNAK was founded on 08-07-1996.
Is KARNAK still active?
Yes, KARNAK is an active enterprise in the KBO register.
What is the turnover of KARNAK?
The turnover in financial year 2025 is ≈ €50,000. This figure is estimated from the gross margin of €4,475 and 133 comparable companies (NACE 56112). It probably lies between €31,000 and €85,000. It is a rough estimate.Financials
Is KARNAK profitable?
In financial year 2025, KARNAK made a profit of €1,113.
Where can I find the annual accounts of KARNAK?
KARNAK filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of KARNAK due?
KARNAK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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