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KAROBATI

Active
Private limited companyfounded 2016active for 10 yearsLeuvensebaan(OTT) 247, 3040 Huldenberg, BelgiumKBO/BCE: BE 0648.804.591

Financials · financial year 2025, abbreviated format

2025 annual accounts filed 22 days after the deadline Filed on 22 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00414925.

Annual accounts 2025 filed on 22-08-2026 at the NBB all 10 filings

Turnover
€132,841▲ 20.1%
2021 · €110,593
EBIT margin
10.0%▲ 22.5pp
2021 · -12.4%
Net result
€2,866
2024 · -€347
Working capital
€24,746▲ 7.1%
2024 · €23,112
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is a profit of €3,117, after a loss of €189 in 2024.

Turnover€132,841 2022 Operating result€3,117 2025 Net result€2,866 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Repair, maintenance and installation of machinery and equipment (NACE 33). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€118,132-€171,077▲ 44.8%€93,172▼ 45.5%€110,593▲ 18.7%€132,841▲ 20.1%
Operating result€311-€9,517▲ 31×€1,844▼ 80.6%-€13,757€13,347-€2,248-€189▲ 91.6%€3,117
Net result€182-€6,038▲ 33×€706below the sector's middle half▼ 88.3%-€10,946below the sector's middle half€12,247within the sector's middle half-€2,404below the sector's middle half-€347below the sector's middle half▲ 85.6%€2,866below the sector's middle half
EBIT margin0.3%-5.6%▲ 5.3pp2.0%▼ 3.6pp-12.4%▼ 14.4pp10.0%▲ 22.5pp
Equity€4,343-€10,381▲ 139%€23,487below the sector's middle half▲ 126%€12,541below the sector's middle half▼ 46.6%€24,763below the sector's middle half▲ 97.5%€22,359within the sector's middle half▼ 9.7%€22,012within the sector's middle half▼ 1.6%€24,878below the sector's middle half▲ 13.0%
Total assets€47,513-€64,498▲ 35.7%€55,968below the sector's middle half▼ 13.2%€46,314below the sector's middle half▼ 17.2%€58,646below the sector's middle half▲ 26.6%€29,892below the sector's middle half▼ 49.0%€36,014below the sector's middle half▲ 20.5%€36,410below the sector's middle half▲ 1.1%
Debt€43,169-€54,117▲ 25.4%€32,481▼ 40.0%€33,773▲ 4.0%€33,883▲ 0.3%€7,533▼ 77.8%€14,002▲ 85.9%€11,532▼ 17.6%
Working capital€11,193--€2,951€1,085below the sector's middle half€1,756below the sector's middle half▲ 61.9%€15,967below the sector's middle half▲ 809%€20,602within the sector's middle half▲ 29.0%€23,112within the sector's middle half▲ 12.2%€24,746within the sector's middle half▲ 7.1%
Solvency9.1%-16.1%▲ 7.0pp42.0%within the sector's middle half▲ 25.9pp27.1%within the sector's middle half▼ 14.9pp42.2%within the sector's middle half▲ 15.1pp74.8%above the sector's middle half▲ 32.6pp61.1%within the sector's middle half▼ 13.7pp68.3%above the sector's middle half▲ 7.2pp
Current ratio1.46-0.95▼ 0.521.04below the sector's middle half▲ 0.091.06below the sector's middle half▲ 0.021.47within the sector's middle half▲ 0.413.73above the sector's middle half▲ 2.262.93within the sector's middle half▼ 0.803.15above the sector's middle half▲ 0.21
Return on assets (ROA)0.4%-9.4%▲ 9.0pp1.3%within the sector's middle half▼ 8.1pp-23.6%below the sector's middle half▼ 24.9pp20.9%above the sector's middle half▲ 44.5pp-8.0%below the sector's middle half▼ 28.9pp-1.0%below the sector's middle half▲ 7.1pp7.9%within the sector's middle half▲ 8.8pp
above within below The sector band is the middle half of the companies in Repair, maintenance and installation of machinery and equipment (NACE 33). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36,410
Fixed assets €131 ▼ 86.1%
Current assets €36,279 ▲ 3.4%
Equity and liabilities €36,410
Equity €24,878 ▲ 13.0%
Debt €11,532 ▼ 17.6%
Debt's share of the balance-sheet total falls from 38.9% to 31.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€3,929▲
2024 · €623
Cash flow
€3,678▲
2024 · €466
Debt to equity
0.46▼
2024 · 0.64
ROE
11.5%▲
2024 · -1.6%
Interest coverage
15.64▲
2024 · 3.96
Debt ≤ 1 year
€11,532▼
2024 · €11,958
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-2024
Employees at the balance-sheet date0
full-time0
part-time0

Source: social balance sheet in the 2024 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets-€3,250---
Depreciation and write-downs of the year€11,697€9,299€7,039€813€813

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as KAROBATI: repair and maintenance of electrical equipment (NACE 33140). They are comparable in size and age: total assets between €33,200 and €64,200, founded between 2010 and 2019.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
KAROBATI Huldenberg2016€36,410€24,878€4,477€2,8662025
BELMATIX Pont-à-Celles2016€35,195€29,714€8,109€5,1762024
My-power Oostende2019€33,211€19,347€2,770€8602025
INTELLIGENCE ELECTRICITY Enghien2015€36,804€22,748€10,451-€1,6502025
NC-ELECTRICITY Sint-Pieters-Leeuw2010€39,136-€2,039€6,612€4,3002025
SBS Tech Leuven2015€64,211-€108,301€14,416€2,7562025
Elektriciteitswerken Van Wellen Torhout2016€61,279€4,911€12,993€8,2402025

They were chosen from the 201 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 34,693 companies had the same profile as KAROBATI has now. Two years later, 0.7% had gone bankrupt and 95.3% were still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95.3% was still going

That fits the bankruptcy probability of KAROBATI itself: 0.5% within 12 months.

Test of the method

The method was tested on the 497,445 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 3.0% 3.1%
10 5.6% 6.2%

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 34,693 companies, not a prediction for KAROBATI. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 38 lines

Source: Annual accounts 2025 at the NBB, filed on 22-08-2026.

Balance sheet Code20242025
Assets
Total assets20/58€36,014€36,410▲
Fixed assets21/28€944€131▼
Tangible fixed assets22/27€944€131▼
Furniture and vehicles24€944€131▼
Current assets29/58€35,070€36,279▲
Amounts receivable after more than one year29€172-
Other amounts receivable291€172-
Amounts receivable within one year40/41€26,475€24,697▼
Trade receivables40€8,727€21,442▲
Other amounts receivable41€17,748€3,255▼
Cash at bank and in hand54/58€8,423€11,582▲
Equity and liabilities
Total equity and liabilities10/49€36,014€36,410▲
Equity10/15€22,012€24,878▲
Contributions10/11€18,600€18,600=
Capital10-€18,600
Issued capital100-€18,600
Profit (loss) carried forward14€3,412€6,278▲
Amounts payable17/49€14,002€11,532▼
Amounts payable within one year42/48€11,958€11,532▼
Trade debts44€2,615€4,936▲
Suppliers440/4€2,615€4,936▲
Taxes, remuneration and social security45€7,031-
Taxes450/3€7,031-
Other amounts payable47/48€2,312€6,596▲
Accrued charges and deferred income492/3€2,044-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€813€813=
Other operating charges640/8-€548
Gross operating margin9900€623€4,477▲
Operating profit (loss)9901-€189€3,117▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€158€251▲
Recurring financial charges65€158€251▲
Profit (loss) for the period before taxes9903-€347€2,866▲
Profit (loss) for the period9904-€347€2,866▲
Profit (loss) for the period to be appropriated9905-€347€2,866▲
Appropriation of the result
Profit (loss) to be appropriated9906€3,412€6,278▲
Profit (loss) brought forward from the previous period14P€3,759€3,412▼

The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20182019202020212022202320242025Change
Turnover70€118,132€171,077€93,172€110,593€132,841----
Goods, raw materials, services and sundry goods60/61---€111,883€109,733----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,794€5,470€11,697€11,697€9,299€7,039€813€813=
Other operating charges640/8---€769€462--€548-
Gross operating margin9900€6,594€15,435€14,538-€1,290€23,108€4,791€623€4,477▲ 619%
Operating profit (loss)9901€311€9,517€1,844-€13,757€13,347-€2,248-€189€3,117-
Financial income75/76B----€0€0€0--
Recurring financial income75----€0€0€0--
Financial charges65/66B----€2,810€297€162€158€251▲ 59.6%
Recurring financial charges65€129€1,229€338-€2,810€297€162€158€251▲ 59.6%
Profit (loss) for the period before taxes9903€182€8,288€1,506-€10,946€13,050-€2,409-€347€2,866-
Income taxes67/77-€2,250€800-€803-€5---
Profit (loss) for the period9904€182€6,038€706-€10,946€12,247-€2,404-€347€2,866-
Profit (loss) for the period to be appropriated9905€182€6,038€706-€10,946€12,247-€2,404-€347€2,866-
Line20182019202020212022202320242025Change
Assets
Total assets20/58€47,513€64,498€55,968€46,314€58,646€29,892€36,014€36,410▲ 1.1%
Fixed assets21/28€12,098€13,332€26,542€14,845€8,796€1,756€944€131▼ 86.1%
Tangible fixed assets22/27€12,098€13,332€26,542€14,845€8,796€1,756€944€131▼ 86.1%
Furniture and vehicles24---€14,845€8,796€1,756€944€131▼ 86.1%
Current assets29/58€35,415€51,166€29,426€31,469€49,850€28,136€35,070€36,279▲ 3.4%
Amounts receivable after more than one year29------€172--
Other amounts receivable291------€172--
Amounts receivable within one year40/41€28,025€30,801€26,492€24,755€34,972€18,296€26,475€24,697▼ 6.7%
Trade receivables40---€15,575€22,265€10,731€8,727€21,442▲ 146%
Other amounts receivable41---€9,180€12,707€7,566€17,748€3,255▼ 81.7%
Cash at bank and in hand54/58€7,391€19,987€2,934€5,926€14,053€9,839€8,423€11,582▲ 37.5%
Deferred charges and accrued income490/1---€788€825----
Equity and liabilities
Total equity and liabilities10/49€47,513€64,498€55,968€46,314€58,646€29,892€36,014€36,410▲ 1.1%
Equity10/15€4,343€10,381€23,487€12,541€24,763€22,359€22,012€24,878▲ 13.0%
Contributions10/11€6,200€6,200€18,600€18,600€18,600€18,600€18,600€18,600=
Capital10---€18,600€18,600€18,600-€18,600-
Issued capital100---€18,600€18,600€18,600-€18,600-
Profit (loss) carried forward14-€1,857€4,181€4,887-€6,059€6,163€3,759€3,412€6,278▲ 84.0%
Amounts payable17/49€43,169€54,117€32,481€33,773€33,883€7,533€14,002€11,532▼ 17.6%
Amounts payable after more than one year17--€4,060€4,060€0----
Financial debts170/4---€4,060€0----
Amounts payable within one year42/48€24,222€54,117€28,341€29,712€33,883€7,533€11,958€11,532▼ 3.6%
Current portion of amounts payable after more than one year42---€94€2,217----
Trade debts44€14,272€34,334€7,591€16,468€15,959€6,922€2,615€4,936▲ 88.8%
Suppliers440/4---€16,468€15,959€6,922€2,615€4,936▲ 88.8%
Taxes, remuneration and social security45---€849€700-€7,031--
Taxes450/3---€849€700-€7,031--
Other amounts payable47/48---€12,301€15,007€612€2,312€6,596▲ 185%
Accrued charges and deferred income492/3------€2,044--
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€182€6,038€706-€10,946€12,247-€2,404-€347€2,866-
+ Depreciation and write-downs630€5,794€5,470€11,697€11,697€9,299€7,039€813€813=
Operating cash flow (approximation)€5,976€11,508€12,403€751€21,547€4,635€466€3,678▲ 690%
Investment in fixed assets (approximation)--€6,705-€24,907€0-€3,250€0€0€0-
Change in cash-€12,597-€17,053€2,992€8,127-€4,214-€1,416€3,159-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (10)
Financial year Type Filed Reference Document
31-12-2025 abbreviated format 22-08-2026 2026-00414925 NBB
31-12-2024 micro format 28-11-2025 2025-00573244 PDF
31-12-2023 micro format 24-08-2024 2024-00366511 PDF
31-12-2022 full format 17-08-2023 2023-00334431 PDF
31-12-2021 abbreviated format 31-08-2022 2022-20372666 PDF
31-12-2020 abbreviated format 28-09-2021 2021-69400049 PDF
31-12-2019 full format 03-08-2020 2020-39000291 PDF
31-12-2018 abbreviated format 29-08-2019 2019-63500164 PDF
31-12-2017 abbreviated format 31-07-2018 2018-42200312 PDF
31-12-2016 abbreviated format 14-08-2017 2017-44600247 PDF

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