KAROSHI
ActiveKAROSHI has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €418k and a net result of €91k. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 231 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
80
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability83▼-4
Solvency77▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.62 in 2023; short-term debt: 25.2% and cash: 15% of total assets), and 48.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
7 d late
2022
26 d early
2021
3 d early
2020
9 d early
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€418k▲ 27.8%
2023 · €327k
2018: €120k
2019: €128k
2020: €129k
2021: €144k
2022: €227k
2023: €327k
2018 → 2024
Total assets
€808k▲ 15.8%
2023 · €698k
2018: €730k
2019: €706k
2020: €656k
2021: €659k
2022: €668k
2023: €698k
2018 → 2024
Net result
€91k▼ 9.4%
2023 · €101k
2018: €12k
2019: €8k
2020: €940
2021: €15k
2022: €82k
2023: €101k
2018 → 2024
Working capital
€2k
2023 · €-69k
2018: €-46k
2019: €-39k
2020: €-41k
2021: €-46k
2022: €582
2023: €-69k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€129k-€144k▲ 11.7%€227k▲ 57.2%€327k▲ 44.4%€418k▲ 27.8%
Operating result€14k-€24k▲ 66.6%€125k▲ 421%€153k▲ 21.9%€129k▼ 15.1%
Net result€940-€15k▲ 1,503%€82k▲ 447%€101k▲ 21.9%€91k▼ 9.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €808k
Fixed assets
€602k▲ 3.0%
Current assets
€206k▲ 81.8%
Equity and liabilities €808k
Equity
€418k▲ 27.8%
Debt
€390k▲ 5.2%
The debt ratio falls from 53.1% to 48.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€197k▼
2023 · €207k
Cash flow
€159k▲
2023 · €155k
Solvency
51.8%▲
2023 · 46.9%
Current ratio
1.01▲
2023 · 0.62
Quick ratio
0.88▲
2023 · 0.41
Debt / equity
0.93▼
2023 · 1.13
ROE
21.8%▼
2023 · 30.7%
ROA
11.3%▼
2023 · 14.4%
Interest coverage
22.56▲
2023 · 20.02
Debt
€390k▲
2023 · €371k
Debt ≤ 1 year
€204k▲
2023 · €183k
Debt > 1 year
€186k▼
2023 · €188k
Income taxes
€34k▼
2023 · €46k
Staff costs
€186k▲
2023 · €171k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€698k€808k▲
Fixed assets21/28€585k€602k▲
Tangible fixed assets22/27€565k€583k▲
Land and buildings22€473k€476k▲
Plant, machinery and equipment23€24k€24k▲
Furniture and vehicles24€14k€41k▲
Leasing and similar rights25€55k€42k▼
Financial fixed assets28€19k€19k=
Current assets29/58€113k€206k▲
Stocks and contracts in progress3€38k€26k▼
Stocks30/36€9k€4k▼
Contracts in progress37€29k€22k▼
Amounts receivable within one year40/41€47k€53k▲
Trade receivables40€40k€24k▼
Other amounts receivable41€7k€29k▲
Cash at bank and in hand54/58€21k€121k▲
Deferred charges and accrued income490/1€8k€6k▼
Equity and liabilities
Total equity and liabilities10/49€698k€808k▲
Equity10/15€327k€418k▲
Contributions10/11€19k€19k=
Reserves13€309k€400k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132-€64k
Distributable reserves133€309k€336k▲
Amounts payable17/49€371k€390k▲
Amounts payable after more than one year17€188k€186k▼
Financial debts170/4€188k€186k▼
Amounts payable within one year42/48€183k€204k▲
Current portion of amounts payable after more than one year42€53k€45k▼
Trade debts44€72k€77k▲
Suppliers440/4€72k€77k▲
Taxes, remuneration and social security45€57k€65k▲
Taxes450/3€27k€34k▲
Remuneration and social security454/9€30k€32k▲
Other amounts payable47/48-€15k
Income statement
Code20232024
Remuneration, social security and pensions62€171k€186k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54k€68k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€380k€385k▲
Operating profit (loss)9901€153k€129k▼
Financial income75/76B€5k€4k▼
Recurring financial income75€4k€4k▲
Non-recurring financial income76B€826€0▼
Financial charges65/66B€10k€9k▼
Recurring financial charges65€10k€9k▼
Profit (loss) for the period before taxes9903€147k€125k▼
Income taxes67/77€46k€34k▼
Profit (loss) for the period9904€101k€91k▼
Transfer to tax-exempt reserves689-€64k
Profit (loss) for the period to be appropriated9905€101k€27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€101k€27k▼
Transfer to equity691/2€101k€27k▼
To other reserves6921€101k€27k▼
Social balance
Average headcount (FTE)90872.90.0▼
The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 7 days late
2023
31-12
Financial
Highest result since 2018net €101k ▲21.9%
Operating result €153k, net result €101k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €227k ▲57.2%
5 profitable years in a row build equity to €227k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €940 ▼88.6%
Net result drops to €940, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Diest · 2 establishment units since 2008
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.
Wezelbaan +493290 DiestGround area
1.4 ha
Building footprint
762 m²
Volume, LiDAR
3,834 m³
3 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Karoshi
since 20082.174.597.864
Karoshi
since 20182.270.508.890
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24097E0152/00B000indicative | Flanders | 1.1 ha | - | - |
| 24097F0004/00W002 | Flanders | 1,596 m² | 1 · 272 m² | 10.5 m · 2 fl. |
| 24097O0035/00D002 | Flanders | 1,312 m² | 1 · 490 m² | 5.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
2 of 3 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
ETS. CAVEYE - VINDEVOGEL
BE 0415.718.442
Jette · Eq €409k
Delabie Velvet
BE 1017.757.652
Anzegem · Eq €435k
CROLIN
BE 0726.731.522
Ingelmunster · Eq €397k
JUVILIN
BE 0737.985.205
Ledegem · Eq €389k
NECKEBROECK PASSEMENTERIE
BE 0400.311.476
Erpe-Mere · Eq €382k
Of 210 companies in sector 13100 we hold annual accounts for 139. 88 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-10-2008
Fiscal year end31-12
Activities, NACEBEL
13100Manufacture of textiles
13300Finishing of textiles
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
47519Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.