KARO
ActiveKARO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €185k and a net result of €40k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 70% of 201 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+56
Solvency87▲+15
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 3.16 against 1.81 in 2024; short-term debt: 17.1% and cash: 21.9% of total assets), and 38% 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 13
Relative position
BE, all sectors
reference
Sector 13
lower
← fewer bankruptcies
more bankruptcies →
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
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
62%
Return on assets
13.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
29 d late
2023
61 d late
2022
70 d late
2021
74 d late
2020
31 d late
2019
90 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€185k▲ 28.0%
2024 · €144k
2018: €125k
2019: €123k
2020: €119k
2021: €97k
2022: €125k
2023: €158k
2024: €144k
2018 → 2025
Total assets
€298k▼ 2.0%
2024 · €304k
2018: €455k
2019: €375k
2020: €346k
2021: €340k
2022: €364k
2023: €350k
2024: €304k
2018 → 2025
Net result
€40k
2024 · €-14k
2018: €-694
2019: €-463
2020: €8k
2021: €16k
2022: €28k
2023: €40k
2024: €-14k
2018 → 2025
Working capital
€110k▲ 68.5%
2024 · €65k
2018: €44k
2019: €64k
2020: €56k
2021: €26k
2022: €62k
2023: €100k
2024: €65k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€97k-€125k▲ 28.8%€158k▲ 26.6%€144k▼ 8.7%€185k▲ 28.0%
Operating result€25k-€47k▲ 91.5%€64k▲ 35.8%€-8k€63k
Net result€16k-€28k▲ 78.1%€40k▲ 44.8%€-14k€40k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €63k after a loss of €8k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €298k
Fixed assets
€137k▼ 13.5%
Current assets
€160k▲ 10.6%
Equity and liabilities €298k
Equity
€185k▲ 28.0%
Debt
€113k▼ 29.1%
The debt ratio falls from 52.6% to 38.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87k▲
2024 · €16k
Cash flow
€64k▲
2024 · €10k
Solvency
62.0%▲
2024 · 47.4%
Current ratio
3.16▲
2024 · 1.81
Quick ratio
2.85▲
2024 · 1.55
Debt / equity
0.61▼
2024 · 1.11
ROE
21.9%▲
2024 · -9.5%
ROA
13.6%▲
2024 · -4.5%
Interest coverage
11.45▲
2024 · 2.03
Debt
€113k▼
2024 · €160k
Debt ≤ 1 year
€51k▼
2024 · €80k
Debt > 1 year
€62k▼
2024 · €80k
Income taxes
€16k▲
2024 · €800
Staff costs
€49k▼
2024 · €112k
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€304k€298k▼
Fixed assets21/28€159k€137k▼
Tangible fixed assets22/27€158k€137k▼
Land and buildings22€121k€106k▼
Plant, machinery and equipment23€7k€3k▼
Furniture and vehicles24€253€0▼
Other tangible fixed assets26€31k€27k▼
Financial fixed assets28€432€432=
Current assets29/58€145k€160k▲
Stocks and contracts in progress3€21k€16k▼
Stocks30/36€21k€16k▼
Amounts receivable within one year40/41€60k€64k▲
Trade receivables40€49k€54k▲
Other amounts receivable41€11k€10k▼
Current investments50/53€28k€12k▼
Cash at bank and in hand54/58€33k€65k▲
Deferred charges and accrued income490/1€4k€3k▼
Equity and liabilities
Total equity and liabilities10/49€304k€298k▼
Equity10/15€144k€185k▲
Contributions10/11€64k€64k=
Reserves13€94k€121k▲
Distributable reserves133€94k€121k▲
Profit (loss) carried forward14€-14k€0▲
Amounts payable17/49€160k€113k▼
Amounts payable after more than one year17€80k€62k▼
Financial debts170/4€80k€62k▼
Amounts payable within one year42/48€80k€51k▼
Current portion of amounts payable after more than one year42€20k€17k▼
Financial debts43€0€3k▲
Other loans439€0€3k▲
Trade debts44€9k€2k▼
Suppliers440/4€9k€2k▼
Taxes, remuneration and social security45€49k€28k▼
Taxes450/3€30k€19k▼
Remuneration and social security454/9€19k€9k▼
Other amounts payable47/48€2k€0▼
Income statement
Code20242025
Non-recurring operating income76A€4k€41k▲
Remuneration, social security and pensions62€112k€49k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€24k€24k▲
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€696€0▼
Gross operating margin9900€131k€139k▲
Operating profit (loss)9901€-8k€63k▲
Financial income75/76B€3k€1k▼
Recurring financial income75€3k€1k▼
Financial charges65/66B€8k€8k▼
Recurring financial charges65€8k€8k▼
Profit (loss) for the period before taxes9903€-13k€57k▲
Income taxes67/77€800€16k▲
Profit (loss) for the period9904€-14k€40k▲
Profit (loss) for the period to be appropriated9905€-14k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€27k▲
Profit (loss) brought forward from the previous period14P€0€-14k▼
Transfer to equity691/2€0€27k▲
To contributions691€0-
To other reserves6921-€27k
Profit to be distributed694/7€0-
Return on contributions (dividend)694€0-
The notes to these accounts (15 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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
31-12
Financial
Equity above €150kEq €185k ▲28%
Equity rises from €144k to €185k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Weakest financial yearnet €-14k ▼134%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Equity above €150kEq €158k ▲26.6%
4 profitable years in a row build equity to €158k.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Equity above €100kEq €125k ▲28.8%
3 profitable years in a row build equity to €125k.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 74 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Back to profitnet €8k
Net result €8k after 2 loss-making years.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
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, Kruisem · 2 establishment units since 2006
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.
Weistraat 89750 KruisemGround area
1.5 ha
Building footprint
1,342 m²
Volume, LiDAR
6,775 m³
2 parcels, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
KARO
since 20062.151.015.976
Mousse Shop
since 20112.238.848.387
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018C0230/00C003 | Flanders | 1.3 ha | 1 · 1,251 m² | 6.3 m · 2 fl. |
| 45057B1254/00D000 | Flanders | 1,812 m² | 1 · 90 m² | - |
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
BRIAX
BE 0480.128.719
Diest · Eq €189k
The Beau
BE 0562.886.347
Wielsbeke · Eq €175k
DEWERCHIN & CAEMS
BE 0405.333.801
Deerlijk · Eq €172k
BLOCTEX
BE 0445.845.652
Harelbeke · Eq €223k
Padani
BE 0423.129.242
Roeselare · Eq €150k
Of 226 companies in sector 13921 we hold annual accounts for 67. 52 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-12-2005
Fiscal year end31-12
Activities, NACEBEL
13921Manufacture of textiles
17401
13929Manufacture of textiles
17402
47750Retail sale of cosmetics and toilet articles
96022Beauty treatment
96220Beauty care and other beauty treatments
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.