Summary
KARO V has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €123,881 and a net result of €27,057. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 49% of 31942 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
24 d early
2023
6 d late
2022
16 d late
2021
27 d early
2020
30 d late
2019
29 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 30 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€123,881▲ 0.7%
2024 · €123,076
Total assets
€224,540▲ 30.0%
2024 · €172,737
Net result
€27,057▲ 160%
2024 · €10,417
Working capital
-€17,007
2024 · €863
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€30,155▼ 9.4%€12,725▼ 57.8%€10,079▼ 20.8%€15,715▲ 55.9%€40,817▲ 160%
Net result€19,527within the sector's middle half▲ 1,769%€7,715within the sector's middle half▼ 60.5%€6,659within the sector's middle half▼ 13.7%€10,417within the sector's middle half▲ 56.5%€27,057within the sector's middle half▲ 160%
Equity€98,284within the sector's middle half▲ 24.8%€106,000within the sector's middle half▲ 7.8%€112,658within the sector's middle half▲ 6.3%€123,076within the sector's middle half▲ 9.2%€123,881within the sector's middle half▲ 0.7%
Total assets€180,945within the sector's middle half▼ 11.5%€175,448within the sector's middle half▼ 3.0%€155,663within the sector's middle half▼ 11.3%€172,737within the sector's middle half▲ 11.0%€224,540within the sector's middle half▲ 30.0%
Debt€82,661▼ 34.2%€69,449▼ 16.0%€43,004▼ 38.1%€49,662▲ 15.5%€100,660▲ 103%
Working capital-€31,343below the sector's middle half▲ 40.0%-€22,388below the sector's middle half▲ 28.6%-€14,703below the sector's middle half▲ 34.3%€863below the sector's middle half-€17,007below the sector's middle half
Solvency54.3%within the sector's middle half▲ 15.8pp60.4%within the sector's middle half▲ 6.1pp72.4%within the sector's middle half▲ 12.0pp71.3%within the sector's middle half▼ 1.1pp55.2%within the sector's middle half▼ 16.1pp
Current ratio0.37below the sector's middle half▲ 0.020.54below the sector's middle half▲ 0.170.58below the sector's middle half▲ 0.041.02below the sector's middle half▲ 0.440.76below the sector's middle half▼ 0.25
Return on assets (ROA)10.8%within the sector's middle half▲ 10.3pp4.4%within the sector's middle half▼ 6.4pp4.3%within the sector's middle half▼ 0.1pp6.0%within the sector's middle half▲ 1.8pp12.0%within the sector's middle half▲ 6.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 160% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €224,540
Fixed assets
€169,696 ▲ 38.9%
Current assets
€54,844 ▲ 8.5%
Equity and liabilities €224,540
Equity
€123,881 ▲ 0.7%
Debt
€100,660 ▲ 103%
Debt's share of the balance-sheet total rises from 28.7% to 44.8%. Equity and debt are higher.
Key figures and ratios
ROE
21.8%▲
2024 · 8.5%
Debt ≤ 1 year
€71,852▲
2024 · €49,662
Debt > 1 year
€28,808▲
2024 · €0
Income taxes
€13,115▲
2024 · €5,752
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €16,444 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,540 | €13,540 | €13,540 | €13,540 | €1,861 | ▼ 86.3% |
| Other operating charges640/8 | €563 | €698 | €683 | €752 | €964 | ▲ 28.2% |
| Gross operating margin9900 | €44,258 | €26,963 | €24,301 | €30,006 | €43,641 | ▲ 45.4% |
| Operating profit (loss)9901 | €30,155 | €12,725 | €10,079 | €15,715 | €40,817 | ▲ 160% |
| Financial income75/76B | - | €0 | €109 | €875 | €228 | ▼ 73.9% |
| Recurring financial income75 | - | €0 | €109 | €875 | €228 | ▼ 73.9% |
| Financial charges65/66B | €787 | €623 | €1,672 | €420 | €873 | ▲ 108% |
| Recurring financial charges65 | €787 | €623 | €1,672 | €420 | €873 | ▲ 108% |
| Profit (loss) for the period before taxes9903 | €29,367 | €12,103 | €8,515 | €16,169 | €40,172 | ▲ 148% |
| Income taxes67/77 | €9,840 | €4,387 | €1,857 | €5,752 | €13,115 | ▲ 128% |
| Profit (loss) for the period9904 | €19,527 | €7,715 | €6,659 | €10,417 | €27,057 | ▲ 160% |
| Profit (loss) for the period to be appropriated9905 | €19,527 | €7,715 | €6,659 | €10,417 | €27,057 | ▲ 160% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €180,945 | €175,448 | €155,663 | €172,737 | €224,540 | ▲ 30.0% |
| Fixed assets21/28 | €162,833 | €149,293 | €135,753 | €122,213 | €169,696 | ▲ 38.9% |
| Tangible fixed assets22/27 | €48,833 | €35,293 | €21,753 | €8,213 | €55,696 | ▲ 578% |
| Furniture and vehicles24 | €48,833 | €35,293 | €21,753 | €8,213 | €55,696 | ▲ 578% |
| Financial fixed assets28 | €114,000 | €114,000 | €114,000 | €114,000 | €114,000 | = |
| Current assets29/58 | €18,111 | €26,155 | €19,910 | €50,525 | €54,844 | ▲ 8.5% |
| Amounts receivable within one year40/41 | €3,165 | €11,783 | €18,012 | €3,769 | €2,686 | ▼ 28.8% |
| Trade receivables40 | €0 | €11,170 | €10,147 | €1,340 | €0 | ▼ 100% |
| Other amounts receivable41 | €3,165 | €613 | €7,866 | €2,429 | €2,686 | ▲ 10.6% |
| Cash at bank and in hand54/58 | €14,946 | €14,372 | €1,897 | €46,712 | €50,798 | ▲ 8.7% |
| Deferred charges and accrued income490/1 | - | - | - | €44 | €1,361 | ▲ 3,023% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €180,945 | €175,448 | €155,663 | €172,737 | €224,540 | ▲ 30.0% |
| Equity10/15 | €98,284 | €106,000 | €112,658 | €123,076 | €123,881 | ▲ 0.7% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €85,884 | €93,600 | €100,258 | €110,676 | €111,481 | ▲ 0.7% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | €84,024 | €91,740 | €98,398 | €108,816 | €109,621 | ▲ 0.7% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €82,661 | €69,449 | €43,004 | €49,662 | €100,660 | ▲ 103% |
| Amounts payable after more than one year17 | €33,152 | €20,849 | €8,392 | €0 | €28,808 | - |
| Financial debts170/4 | €33,152 | €20,849 | €8,392 | €0 | €28,808 | - |
| Amounts payable within one year42/48 | €49,454 | €48,543 | €34,613 | €49,662 | €71,852 | ▲ 44.7% |
| Current portion of amounts payable after more than one year42 | €12,150 | €12,303 | €12,457 | €8,392 | €9,616 | ▲ 14.6% |
| Financial debts43 | €2,167 | €2,931 | €850 | €853 | €0 | ▼ 100% |
| Other loans439 | €2,167 | €2,931 | €850 | €853 | €0 | ▼ 100% |
| Trade debts44 | €89 | €1,094 | €3,655 | €2,231 | €523 | ▼ 76.6% |
| Suppliers440/4 | €89 | €1,094 | €3,655 | €2,231 | €523 | ▼ 76.6% |
| Taxes, remuneration and social security45 | €2,668 | €2,997 | €4,929 | €5,028 | €4,291 | ▼ 14.7% |
| Taxes450/3 | €2,668 | €2,997 | €4,929 | €5,028 | €1,878 | ▼ 62.6% |
| Remuneration and social security454/9 | - | - | - | - | €2,413 | - |
| Other amounts payable47/48 | €32,381 | €29,219 | €12,722 | €33,159 | €57,421 | ▲ 73.2% |
| Accrued charges and deferred income492/3 | €55 | €57 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,527 | €7,715 | €6,659 | €10,417 | €27,057 | ▲ 160% |
| + Depreciation and write-downs630 | €13,540 | €13,540 | €13,540 | €13,540 | €1,861 | ▼ 86.3% |
| Operating cash flow (approximation) | €33,067 | €21,255 | €20,199 | €23,958 | €28,918 | ▲ 20.7% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€49,344 | - |
| Change in cash | - | -€574 | -€12,475 | €44,814 | €4,086 | ▼ 90.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €27,057 ▲160%
Operating result €40,817, net result €27,057, both a record.
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
16-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 16 days late
2022
31-12
Financial
Equity above €100,000Eq €106,000 ▲7.8%
5 profitable years in a row build equity to €106,000.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €1,045 ▼94.6%
Net result drops to €1,045, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
08-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 8 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Kapellen · 1 establishment unit since 2013
Ground area
1,204 m²
Building footprint
123 m²
Volume, LiDAR
1,546 m³
Parcel 11023A0243/00M002, Flanders · tallest building 18.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
KARO V
since 20132.216.659.341
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023A0243/00M002 | Flanders | 1,204 m² | 1 · 123 m² | 18.3 m · 4 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.
Structure & network
Owners and holdings
1 holding · 2 subsidiaries in the treeOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 1
-
65.52%
All subsidiaries, including indirect ones 2
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
FELO 65.52%1 subsidiary
- CARGO SERVICE 98.4%
According to the 2025 annual accounts of KARO V and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
254900M9UY9P5HI3O479
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,876 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 (pre-2019)
Founded12-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0504897569
Registered
07-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.