Financials
- Financial year
- 2025
- Total assets
- €35,474
- Loss
- -€12,107
- Solvency
- -61.7%
Total assets▲ 3,364%
Net result
20192025
Karpa Products
ActiveSummary
The computed 12-month bankruptcy probability of Karpa Products is 6.8% (elevated). The 2025 annual accounts show negative equity (-€21,885) and a net result of -€12,107. Equity is shrinking by about 6.2% per year across the filed financial years. Its solvency ranks better than 10% of 13,426 sector peers (NACE 46, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).
Overview
Activity
Wholesale of construction materials, general range
NACE 46831
1 site
Size
€35,474total assets 2025
- Equity
- -€21,885
- Loss
- -€12,107
Turnover not published (micro format)
Structure
Accounts filed 66 days late1 of 4 deeds read
Why 34raises riskLatest accounts 66 days late; 2 of the last 3 late1 change of registered office in 24 monthsLoss of €12,107, the second in a row (financial year 2025)lowers riskSize: total assets €35,474Show the evidence
Checked score
Score 2025
34
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 28% of its sector peers (NACE 46, micro)
Financial strength
Weak
Solvency
0
equity -61.7% of total assets
Liquidity
47
short-term debt 15.3% · cash 0.0%
Profitability
40
return on assets -34.1%
Bankruptcy probability, 12 months
6.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 5.1%
12-2024: 5.1%● unchanged vs 11-2024
01-2025: 5.1%● unchanged vs 12-2024
02-2025: 5.1%● unchanged vs 01-2025
03-2025: 5.1%● unchanged vs 02-2025
04-2025: 5.1%● unchanged vs 03-2025
05-2025: 5.1%● unchanged vs 04-2025
06-2025: 5.1%● unchanged vs 05-2025
07-2025: 5.1%● unchanged vs 06-2025
08-2025: 6.1%▲ +1.0 percentage point vs 07-2025
09-2025: 6.1%● unchanged vs 08-2025
10-2025: 5.0%▼ -1.1 percentage points vs 09-2025lowest value
11-2025: 5.0%● unchanged vs 10-2025lowest value
12-2025: 5.0%● unchanged vs 11-2025lowest value
01-2026: 5.0%● unchanged vs 12-2025lowest value
02-2026: 5.0%● unchanged vs 01-2026lowest value
03-2026: 5.0%● unchanged vs 02-2026lowest value
04-2026: 5.0%● unchanged vs 03-2026lowest value
05-2026: 5.0%● unchanged vs 04-2026lowest value
06-2026: 7.9%▲ +2.9 percentage points vs 05-2026
07-2026: 7.9%● unchanged vs 06-2026
08-2026: 9.6%▲ +1.7 percentage points vs 07-2026highest value
09-2026: 9.6%● unchanged vs 08-2026highest value
10-2026: 6.8%▼ -2.8 percentage points vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.94, below 1; short-term debt: 15.3% and cash: 0% of total assets), and equity is negative.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro): better than 6% on solvency, 46% on liquidity and 32% on profitability.
The bankruptcy probability was computed on 14-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Seven signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€21,885
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-10-2026, 66 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
66 days late
2024
31 days late
2023
30 days late
2022
61 days late
2021
144 days late
2020
509 days late
2019
69 days late
← 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 130 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address strikeout annulled
Searched, nothing found (1)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Address strikeout annulledKBO administration
- Registered officeRegistered-office move
Key points
- Risk: Negative equityfinancial year 2025: debts exceed assets -€21,885 View
- Caution: Among the weakest 10% on solvencysector median 41.1% · 13,426 companies -61.7% View
- Caution: Latest accounts filed lateafter the legal deadline 66 days View
- Caution: 2 loss-making years in a rowloss financial year 2025 -€12,107 View
By topic
Timeline
- Events
- 18
- Since
- 2013
- Next accounts
- by 31-07-2027
- 31-12-2025Weakest financial year
- 31-08-2025Annual accounts filed
- 30-08-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Wholesale of construction materials, general rangeNACE 46831
- Founded
- 10-01-2012
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Go further with this company
How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.