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KARNAK

Active
Private limited companyfounded 20242 yrs activeRue des Colombières 12, 4101 Seraing, BelgiumKBO/BCE: BE 1008.975.489
Summary

The computed 12-month bankruptcy probability of KARNAK is 2.0% (moderate). The 2026 annual accounts show equity of €41,180 and a net result of €26,180. Its solvency ranks better than 40% of 31 sector peers (fiscal year 2026). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2026
Axes
Profitability100
Solvency70
Growth-
Track record67
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity short (current ratio 0.58; short-term debt: 54.4% and cash: 1.9% of total assets), and 55% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2 years 0 10 y
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 77
Relative position
BE, all sectors
reference
Rental and leasing activities (NACE 77)
about 44% more bankruptcies
← 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 2026
Solvency, return and age of the figures
Solvency
45%
Return on assets
28.6%
Age of the figures
6 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 23-09-2026, 38 days ahead of the deadline.
NBB · 1 filing
Deviation from the deadline
2026
38 d early
← 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

KARNAK was incorporated on 30 April 2024 as a Private limited company.1 The company has filed annual accounts once, for fiscal year 2026.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2026

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Financials · fiscal year 2026, abbreviated schema

Equity
€41,180
Total assets
€91,586
Net result
€26,180
Working capital
-€21,083

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

Balance-sheet composition
Assets €91,586
Fixed assets €62,843
Current assets €28,743
Equity and liabilities €91,586
Equity €41,180
Debt €50,406
Debt finances 55.0% of the balance-sheet total.
Key figures and ratios
2026 value
EBITDA
€41,462
Cash flow
€34,725
Current ratio
0.58
Debt to equity
1.22
ROE
63.6%
ROA
28.6%
Interest coverage
344.23
Debt ≤ 1 year
€49,826
Income taxes
€6,617

Peer companies

Historical observation

Of the 39,275 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 2.0% 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 39,275 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 · 2026 · 38 lines
Balance sheet Code2026
Assets
Total assets20/58€91,586
Fixed assets21/28€62,843
Intangible fixed assets21€9,167
Tangible fixed assets22/27€38,675
Other tangible fixed assets26€38,675
Financial fixed assets28€15,000
Current assets29/58€28,743
Amounts receivable within one year40/41€2,442
Trade receivables40€2,442
Current investments50/53€24,211
Cash at bank and in hand54/58€1,699
Deferred charges and accrued income490/1€391
Equity and liabilities
Total equity and liabilities10/49€91,586
Equity10/15€41,180
Contributions10/11€15,000
Profit (loss) carried forward14€26,180
Amounts payable17/49€50,406
Amounts payable within one year42/48€49,826
Trade debts44€11,369
Suppliers440/4€11,369
Taxes, remuneration and social security45€8,070
Taxes450/3€7,820
Remuneration and social security454/9€250
Other amounts payable47/48€30,387
Accrued charges and deferred income492/3€580
Income statement Code2026
Non-recurring operating income76A€5,527
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,545
Other operating charges640/8€787
Non-recurring operating charges66A€1,073
Gross operating margin9900€43,322
Operating profit (loss)9901€32,917
Financial charges65/66B€120
Recurring financial charges65€120
Profit (loss) for the period before taxes9903€32,797
Income taxes67/77€6,617
Profit (loss) for the period9904€26,180
Profit (loss) for the period to be appropriated9905€26,180
Appropriation of the result
Profit (loss) to be appropriated9906€26,180

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2026
Non-recurring operating income76A€5,527
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,545
Other operating charges640/8€787
Non-recurring operating charges66A€1,073
Gross operating margin9900€43,322
Operating profit (loss)9901€32,917
Financial charges65/66B€120
Recurring financial charges65€120
Profit (loss) for the period before taxes9903€32,797
Income taxes67/77€6,617
Profit (loss) for the period9904€26,180
Profit (loss) for the period to be appropriated9905€26,180
Line2026
Assets
Total assets20/58€91,586
Fixed assets21/28€62,843
Intangible fixed assets21€9,167
Tangible fixed assets22/27€38,675
Other tangible fixed assets26€38,675
Financial fixed assets28€15,000
Current assets29/58€28,743
Amounts receivable within one year40/41€2,442
Trade receivables40€2,442
Current investments50/53€24,211
Cash at bank and in hand54/58€1,699
Deferred charges and accrued income490/1€391
Equity and liabilities
Total equity and liabilities10/49€91,586
Equity10/15€41,180
Contributions10/11€15,000
Profit (loss) carried forward14€26,180
Amounts payable17/49€50,406
Amounts payable within one year42/48€49,826
Trade debts44€11,369
Suppliers440/4€11,369
Taxes, remuneration and social security45€8,070
Taxes450/3€7,820
Remuneration and social security454/9€250
Other amounts payable47/48€30,387
Accrued charges and deferred income492/3€580
Line2026
Profit (loss) for the period9904€26,180
+ Depreciation and write-downs630€8,545
Operating cash flow (approximation)€34,725

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
23-09
NBB filing Annual accounts filed
fiscal year 2026 · abbreviated schema
NBB filing

Directors · office · real estate

Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Seraing · 1 establishment unit since 2024
seat establishment The establishment unit on the map
Ground area
3.3 ha
Building footprint
283 m²
Volume, LiDAR
4,019 m³
Parcel 62058B0181/00F000, Wallonia · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
KARNAK
Rue des Colombières 12, 4101 SeraingHoldings
since 20242.359.065.140
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62058B0181/00F000 Wallonia 3.3 ha 1 · 283 m² 17.4 m · 5 fl.
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 175 companies in sector 77330 we hold annual accounts for 110. 60 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
Founded30-04-2024
Fiscal year end31-03
Activities, NACEBEL 2025
77330Rental and leasing activities
70200Business and other management consultancy
77229Renting and leasing of other personal and household goods
77399Renting and leasing of other machinery, equipment and tangible goods
Contact
E-mail info@karnak.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:1008975489
Also 9925:BE1008975489
Registered 17-11-2025

Register as of 27 September 2026 · Peppol Directory

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