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KARRAS

Active
Public limited companyfounded 198937 yrs activeRue de Gelée 4, 4800 Verviers, BelgiumKBO/BCE: BE 0437.114.167
Summary

KARRAS has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€172,335) and a net result of €349,579. Equity is shrinking by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 7% of 6131 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2024
Axes · tick = 2023
Profitability88▲+60
Solvency17▲+12
Growth56=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.97 against 0.84 in 2023; short-term debt: 80.3% and cash: 3.1% of total assets), and equity is negative.
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Signals

Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 37 years 0 40 y
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024
Solvency, return and age of the figures
Solvency
-7.6%
Return on assets
15.4%
Age of the figures
21 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 6131 sector peers (2024).
NBB · sector comparison
Position among 6131 sector peers
Solvency
better than 7%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-12-2025, 125 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
125 d late
2023
61 d late
2022
70 d late
2021
32 d late
2019
50 d early
2018
34 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 34 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 20 March 1989, KARRAS was incorporated.1 The capital was increased 4 times between 2012 and 2021, most recently to EUR 2.3 million.234 Delimed was merged into the company in 2018.5 In 2024 the registered office moved to Petit-Rechain.6 Of the 5 current board members, FINATCO has served longest, since 2016.7 Revenue went from EUR 6.8 million in 2018 to EUR 8.9 million in 2023 and headcount from 25.9 full-time equivalents in 2018 to 5.3 in 2024.8

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 05-04-2012
  3. 3Belgian State Gazette, 16-03-2020
  4. 4Belgian State Gazette, 16-07-2021
  5. 5Belgian State Gazette, 06-03-2018
  6. 6Belgian State Gazette, 16-01-2024
  7. 7Belgian State Gazette, 15-04-2021
  8. 8National Bank, annual accounts 2018, 2023 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€8.9m▼ 23.4%
2022 · €11.7m
EBIT margin
-0.2%▲ 10.2pp
2022 · -10.4%
Net result
€349,579
2023 · -€92,374
Working capital
-€53,121▲ 85.9%
2023 · -€376,375
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20192021202220232024
Turnover€7.5m▲ 9.5%€9.6m-€11.7m▲ 22.2%€8.9m▼ 23.4%
Operating result-€65,447▲ 75.4%-€760,239--€1.2m▼ 59.1%-€13,533▲ 98.9%€392,237
Net result-€70,770▲ 77.3%-€800,166below the sector's middle half--€1.2mbelow the sector's middle half▼ 51.9%-€92,374below the sector's middle half▲ 92.4%€349,579within the sector's middle half
EBIT margin-0.9%▲ 3.0pp-8.0%--10.4%▼ 2.4pp-0.2%▲ 10.2pp
Equity€709,039▼ 9.1%€455,837within the sector's middle half--€759,360below the sector's middle half-€521,914below the sector's middle half▲ 31.3%-€172,335below the sector's middle half▲ 67.0%
Total assets€4.0m▲ 14.6%€5.4mwithin the sector's middle half-€5.2mwithin the sector's middle half▼ 3.4%€2.6mwithin the sector's middle half▼ 49.7%€2.3mwithin the sector's middle half▼ 13.0%
Debt€3.3m▲ 21.3%€4.9m-€6.0m▲ 20.8%€3.1m▼ 47.4%€2.4m▼ 22.0%
Working capital-€302,764▲ 59.1%-€664,097below the sector's middle half--€1.3mbelow the sector's middle half▼ 98.5%-€376,375below the sector's middle half▲ 71.4%-€53,121below the sector's middle half▲ 85.9%
Solvency17.6%▼ 4.6pp8.5%below the sector's middle half--14.6%below the sector's middle half▼ 23.0pp-19.9%below the sector's middle half▼ 5.4pp-7.6%below the sector's middle half▲ 12.4pp
Current ratio0.91▲ 0.190.83below the sector's middle half-0.71below the sector's middle half▼ 0.120.84below the sector's middle half▲ 0.130.97below the sector's middle half▲ 0.13
Return on assets (ROA)-1.8%▲ 7.1pp-14.8%below the sector's middle half--23.3%below the sector's middle half▼ 8.5pp-3.5%below the sector's middle half▲ 19.8pp15.4%above the sector's middle half▲ 18.9pp
Staff (FTE)20.6▼ 20.5%22.2within the sector's middle half-28.5above the sector's middle half▲ 28.4%11.3within the sector's middle half▼ 60.4%5.3within the sector's middle half▼ 53.1%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€1.5m-€1.0m-€500,000€0€500,000Operating result 2019: -€65,447-€65,447Net result 2019: -€70,770-€70,770Operating result 2021: -€760,239-€760,239Net result 2021: -€800,166-€800,166Operating result 2022: -€1.2m-€1.2mNet result 2022: -€1.2m-€1.2mOperating result 2023: -€13,533-€13,533Net result 2023: -€92,374-€92,374Operating result 2024: €392,237€392,237Net result 2024: €349,579€349,57920192021202220232024-€1.5m-€1m-€500,000€0€500,000Operating result 2022: -€1.2m-€1.2mNet result 2022: -€1.2m-€1.2mOperating result 2023: -€13,533-€13,500Net result 2023: -€92,374-€92,400Operating result 2024: €392,237€392,000Net result 2024: €349,579€350,000202220232024
The operating result returns to profit in 2024: €392,237 after a loss of €13,533 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.3m
Fixed assets €502,046 ▼ 21.3%
Current assets €1.8m ▼ 10.3%
Key figures and ratios
2024 value · change against 2023
EBITDA
€531,721▲
2023 · €141,261
Cash flow
€489,063▲
2023 · €62,420
Quick ratio
0.52▲
2023 · 0.50
Debt to equity
-14.21▼
2023 · -6.02
Interest coverage
8.74▲
2023 · 1.65
Debt ≤ 1 year
€1.8m▼
2023 · €2.4m
Debt > 1 year
€600,485▼
2023 · €756,391
Income taxes
€599▲
2023 · €246
Staff costs
€325,115▼
2023 · €693,281
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 20 years or older
  • negative equity
  • a profit of 5% of the balance sheet or more
2.7% went bankrupt
5.3% stopped otherwise
92% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,795 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 87 lines
Balance sheet Code20232024
Assets
Total assets20/58€2.6m€2.3m▼
Fixed assets21/28€637,997€502,046▼
Intangible fixed assets21€201,212€165,855▼
Tangible fixed assets22/27€406,183€305,589▼
Land and buildings22€219,288€191,695▼
Plant, machinery and equipment23€163,316€105,282▼
Furniture and vehicles24€4,724€419▼
Leasing and similar rights25€11,515€8,193▼
Other tangible fixed assets26€0€0=
Assets under construction and advance payments27€7,340€0▼
Financial fixed assets28€30,602€30,602=
Affiliated companies280/1€0-
Participating interests280€0-
Other financial fixed assets284/8€30,602-
Amounts receivable and cash guarantees285/8€30,602-
Current assets29/58€2.0m€1.8m▼
Stocks and contracts in progress3€809,201€832,624▲
Stocks30/36€809,201€832,624▲
Raw materials and consumables30/31€1,428-
Finished goods33€0-
Goods purchased for resale34€807,773-
Amounts receivable within one year40/41€1.1m€864,301▼
Trade receivables40€955,434€845,431▼
Other amounts receivable41€116,634€18,871▼
Cash at bank and in hand54/58€80,871€70,229▼
Deferred charges and accrued income490/1€17,970€8,029▼
Equity and liabilities
Total equity and liabilities10/49€2.6m€2.3m▼
Equity10/15-€521,914-€172,335▲
Contributions10/11€2.3m€2.3m=
Capital10€2.3m€2.3m=
Issued capital100€2.3m€2.3m=
Uncalled capital101€0-
Reserves13€44,584€44,584=
Non-distributable reserves130/1€25,834€25,834=
Legal reserve130€25,834€25,834=
Distributable reserves133€18,750€18,750=
Profit (loss) carried forward14-€2.9m-€2.5m▲
Amounts payable17/49€3.1m€2.4m▼
Amounts payable after more than one year17€756,391€600,485▼
Financial debts170/4€756,391€600,485▼
Leasing and similar obligations172€9,185-
Credit institutions173€747,206-
Amounts payable within one year42/48€2.4m€1.8m▼
Current portion of amounts payable after more than one year42€154,698€155,906▲
Financial debts43€862,716€901,349▲
Credit institutions430/8€813,049€901,349▲
Other loans439€49,667€0▼
Trade debts44€1.3m€708,551▼
Suppliers440/4€1.3m€708,551▼
Taxes, remuneration and social security45€73,695€62,499▼
Taxes450/3€3,536€11,065▲
Remuneration and social security454/9€70,159€51,434▼
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€27,145€20,775▼
Income statement Code20232024
Operating income70/76A€9.5m-
Turnover70€8.9m-
Change in stocks of work in progress, finished goods and contracts in progress71-€81,166-
Other operating income74€685,363-
Operating charges60/66A€9.6m-
Goods for resale, raw materials and consumables60€6.9m-
Purchases600/8€6.6m-
Change in stocks: decrease (increase)609€287,561-
Services and other goods61€1.8m-
Remuneration, social security and pensions62€693,281€325,115▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€154,794€139,483▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€876-€15,660▼
Other operating charges640/8€102,529€69,298▼
Non-recurring operating charges66A€792-
Gross operating margin9900-€910,474
Operating profit (loss)9901-€13,533€392,237▲
Financial income75/76B€25,212€18,752▼
Recurring financial income75€25,212€18,752▼
Income from financial fixed assets750€14,979-
Other financial income752/9€10,233-
Financial charges65/66B€103,807€60,811▼
Recurring financial charges65€103,540€60,811▼
Debt charges650€85,389-
Other financial charges652/9€18,152-
Non-recurring financial charges66B€267-
Profit (loss) for the period before taxes9903-€92,128€350,178▲
Income taxes67/77€246€599▲
Taxes670/3€246-
Profit (loss) for the period9904-€92,374€349,579▲
Profit (loss) for the period to be appropriated9905-€92,374€349,579▲
Appropriation of the result
Profit (loss) to be appropriated9906-€2.9m-€2.5m▲
Profit (loss) brought forward from the previous period14P-€2.8m-€2.9m▼
Social balance
Average headcount (FTE)908711.35.3▼

The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192021202220232024Change
Operating income70/76A-€9.8m€12.0m€9.5m--
Turnover70€7.5m€9.6m€11.7m€8.9m--
Change in stocks of work in progress, finished goods and contracts in progress71-€32,340€9,439-€81,166--
Other operating income74-€182,679€290,781€685,363--
Non-recurring operating income76A-€0€0---
Operating charges60/66A-€10.5m€13.2m€9.6m--
Goods for resale, raw materials and consumables60-€6.7m€8.1m€6.9m--
Purchases600/8-€6.8m€8.1m€6.6m--
Change in stocks: decrease (increase)609--€82,111-€5,165€287,561--
Services and other goods61-€2.5m€3.2m€1.8m--
Remuneration, social security and pensions62-€922,185€1.5m€693,281€325,115▼ 53.1%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€224,746€285,102€286,182€154,794€139,483▼ 9.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€36,348-€20,983€876-€15,660▼ 1,888%
Other operating charges640/8-€31,966€72,019€102,529€69,298▼ 32.4%
Non-recurring operating charges66A-€500€0€792--
Gross operating margin9900----€910,474-
Operating profit (loss)9901-€65,447-€760,239-€1.2m-€13,533€392,237▲ 2,998%
Financial income75/76B-€1,921€82,275€25,212€18,752▼ 25.6%
Recurring financial income75€566€1,921€82,275€25,212€18,752▼ 25.6%
Income from financial fixed assets750---€14,979--
Other financial income752/9-€1,921€82,275€10,233--
Non-recurring financial income76B-€0€0---
Financial charges65/66B-€41,848€85,164€103,807€60,811▼ 41.4%
Recurring financial charges65€42,789€41,848€85,164€103,540€60,811▼ 41.3%
Debt charges650€37,621€37,431€72,530€85,389--
Other financial charges652/9-€4,418€12,634€18,152--
Non-recurring financial charges66B-€0€0€267--
Profit (loss) for the period before taxes9903-€69,274-€800,166-€1.2m-€92,128€350,178▲ 480%
Income taxes67/77€1,496-€2,726€246€599▲ 143%
Taxes670/3--€2,726€246--
Profit (loss) for the period9904-€70,770-€800,166-€1.2m-€92,374€349,579▲ 478%
Profit (loss) for the period to be appropriated9905-€70,770-€800,166-€1.2m-€92,374€349,579▲ 478%
Line20192021202220232024Change
Assets
Total assets20/58€4.0m€5.4m€5.2m€2.6m€2.3m▼ 13.0%
Formation expenses20€0€0€0---
Fixed assets21/28€1.1m€2.2m€2.0m€637,997€502,046▼ 21.3%
Intangible fixed assets21€397,224€307,705€256,149€201,212€165,855▼ 17.6%
Tangible fixed assets22/27€659,474€942,858€808,241€406,183€305,589▼ 24.8%
Land and buildings22-€260,313€240,274€219,288€191,695▼ 12.6%
Plant, machinery and equipment23-€646,209€534,525€163,316€105,282▼ 35.5%
Furniture and vehicles24-€36,217€16,545€4,724€419▼ 91.1%
Leasing and similar rights25--€14,838€11,515€8,193▼ 28.9%
Other tangible fixed assets26-€119€60€0€0-
Assets under construction and advance payments27-€0€2,000€7,340€0▼ 100%
Financial fixed assets28€2,342€919,008€917,268€30,602€30,602=
Affiliated companies280/1-€916,667€916,667€0--
Participating interests280-€916,667€916,667€0--
Other financial fixed assets284/8-€2,342€602€30,602--
Amounts receivable and cash guarantees285/8-€2,342€602€30,602--
Current assets29/58€3.0m€3.2m€3.2m€2.0m€1.8m▼ 10.3%
Stocks and contracts in progress3€991,110€1.1m€1.2m€809,201€832,624▲ 2.9%
Stocks30/36-€1.1m€1.2m€809,201€832,624▲ 2.9%
Raw materials and consumables30/31-€510,149€539,712€1,428--
Finished goods33-€71,727€81,166€0--
Goods purchased for resale34-€545,681€542,266€807,773--
Amounts receivable within one year40/41€1.9m€1.7m€1.8m€1.1m€864,301▼ 19.4%
Trade receivables40-€1.6m€1.8m€955,434€845,431▼ 11.5%
Other amounts receivable41-€120,406€68,755€116,634€18,871▼ 83.8%
Cash at bank and in hand54/58€21,191€347,976€186,451€80,871€70,229▼ 13.2%
Deferred charges and accrued income490/1-€19,991€36,414€17,970€8,029▼ 55.3%
Equity and liabilities
Total equity and liabilities10/49€4.0m€5.4m€5.2m€2.6m€2.3m▼ 13.0%
Equity10/15€709,039€455,837-€759,360-€521,914-€172,335▲ 67.0%
Contributions10/11€876,718€2.0m€2.0m€2.3m€2.3m=
Capital10-€2.0m€2.0m€2.3m€2.3m=
Issued capital100-€2.3m€2.3m€2.3m€2.3m=
Uncalled capital101-€329,820€329,820€0--
Reserves13€44,584€44,584€44,584€44,584€44,584=
Non-distributable reserves130/1-€25,834€25,834€25,834€25,834=
Legal reserve130-€25,834€25,834€25,834€25,834=
Distributable reserves133-€18,750€18,750€18,750€18,750=
Profit (loss) carried forward14-€212,263-€1.6m-€2.8m-€2.9m-€2.5m▲ 12.2%
Amounts payable17/49€3.3m€4.9m€6.0m€3.1m€2.4m▼ 22.0%
Amounts payable after more than one year17€44,804€1.0m€1.4m€756,391€600,485▼ 20.6%
Financial debts170/4-€1.0m€1.4m€756,391€600,485▼ 20.6%
Leasing and similar obligations172--€12,133€9,185--
Credit institutions173-€1.0m€1.4m€747,206--
Amounts payable within one year42/48€3.3m€3.9m€4.5m€2.4m€1.8m▼ 22.4%
Current portion of amounts payable after more than one year42-€128,962€295,875€154,698€155,906▲ 0.8%
Financial debts43-€1.4m€1.3m€862,716€901,349▲ 4.5%
Credit institutions430/8-€1.4m€1.3m€813,049€901,349▲ 10.9%
Other loans439---€49,667€0▼ 100%
Trade debts44€1.0m€1.3m€1.9m€1.3m€708,551▼ 44.0%
Suppliers440/4-€1.3m€1.9m€1.3m€708,551▼ 44.0%
Taxes, remuneration and social security45-€80,242€225,389€73,695€62,499▼ 15.2%
Taxes450/3-€5,128€57,370€3,536€11,065▲ 213%
Remuneration and social security454/9-€75,114€168,019€70,159€51,434▼ 26.7%
Other amounts payable47/48-€1.0m€829,820€0--
Accrued charges and deferred income492/3--€27,289€27,145€20,775▼ 23.5%
Line20192021202220232024Change
Profit (loss) for the period9904-€70,770-€800,166-€1.2m-€92,374€349,579▲ 478%
+ Depreciation and write-downs630€224,746€285,102€286,182€154,794€139,483▼ 9.9%
Operating cash flow (approximation)€153,976-€515,064-€929,015€62,420€489,063▲ 684%
Investment in fixed assets (approximation)---€98,270€1.2m-€3,532▼ 100%
Change in cash---€161,525-€105,581-€10,642▲ 89.9%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
03-12
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 125 days late
30-10
State Gazette act Appointment: EY Bedrijfsrevisoren SRL (statutory auditor)
Permanent representative: Carlo-Sébastien D'Addario · Resignation: RSM Réviseurs d'Entreprises - Bedrijfsrevisoren SCRL (statutory auditor)4 facts ▸
  • General meeting, 20-05-2024
  • Auditor appointment, EY Bedrijfsrevisoren SRL (statutory auditor)
  • Permanent representative, Carlo-Sébastien D'Addario
  • Auditor resignation, RSM Réviseurs d'Entreprises - Bedrijfsrevisoren SCRL (statutory auditor)
2024
31-12
Financial Back to profitnet €349,579
Net result €349,579 after 5 loss-making years.
30-09
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 61 days late
16-01
State Gazette act Registered office
Registered-office move2 facts ▸
  • General meeting, 02-10-2023
  • Registered-office move, Rue de Gelée 4 à 4800 Petit-Rechain
2023
09-10
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 70 days late
2022
31-12
Financial Weakest financial yearnet -€1.2m
Net result drops to -€1.2m, the lowest in the series; recovery starts the following year.
01-09
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 32 days late
31-01
State Gazette act Resignation: CLOX (director)
Power of attorney4 facts ▸
  • Board meeting, 27-12-2021
  • Director resignation, CLOX (director)
  • Director resignation, CLOX (managing director)
  • Power of attorney, CLOX (rôle de direction)
2021
16-07
State Gazette act Appointments: Bernard Schwanen (director) and Europe et Croissance (director)
Permanent representatives: Xavier Dethier, Philippe-Jean Boonen and Xavier Cloquet · Reappointments: SA FINATCO (managing director) and SRL CLOX (managing director) · Capital increase16 facts ▸
  • General meeting, 23-06-2021
  • Capital increase, €989.459,28
  • Share issue, actions nouvelles sans désignation de valeur nominale, 4806
  • Bank account, BE45 0689 4179 8689 chez Belfius
  • Capital, €2.296.054,73
  • Statutes amendment
  • Statutes amendment
  • Director appointment, Bernard Schwanen (director)
  • Director appointment, Europe et Croissance (director)
  • Permanent representative, Xavier Dethier
  • Director reappointment, SA FINATCO (managing director)
  • Director reappointment, SRL CLOX (managing director)
  • +4 further facts in this act
06-07
State Gazette act Resignations: TKS Audit SC SPRL (statutory auditor) and Mazars Réviseurs d'Entreprises SCRL (statutory auditor)
Appointment: RSM Réviseurs d'Entreprises - Bedrijfsrevisoren (statutory auditor) · Permanent representative: Gert Van Leemput5 facts ▸
  • General meeting, 16-06-2021
  • Director resignation, TKS Audit SC SPRL (statutory auditor)
  • Director resignation, Mazars Réviseurs d'Entreprises SCRL (statutory auditor)
  • Auditor appointment, RSM Réviseurs d'Entreprises - Bedrijfsrevisoren (statutory auditor)
  • Permanent representative, Gert Van Leemput
15-04
State Gazette act Resignations: SA CEDIP (director and managing director) and SRL SCOPE MANAGEMENT (director)
Appointments: SPRL Clox (director) and SA FINATCO (managing director) · Reappointments: SA FINATCO (director) and Nicolas DAMBRINE (director) · Permanent representative: Philippe-Jean Boonen10 facts ▸
  • General meeting, 19-03-2021
  • Director resignation, SA CEDIP (director and managing director)
  • Director resignation, SRL SCOPE MANAGEMENT (director)
  • Director appointment, SPRL Clox (director)
  • Director reappointment, SA FINATCO (director)
  • Director reappointment, Nicolas DAMBRINE (director)
  • Director appointment, SA FINATCO (managing director)
  • Director appointment, SPRL Clox (managing director)
  • Permanent representative, Philippe-Jean Boonen
  • Mandate compensation, KARRAS
Show earlier events
2020
18-09
State Gazette act Reappointments: TKS Audit, Mazars and Cedip sa
Permanent representatives: Sébastien Verjans, Peter Lenoir and Didier Hanin7 facts ▸
  • General meeting, 18/05/2020
  • Auditor reappointment, TKS Audit
  • Auditor reappointment, Mazars
  • Permanent representative, Sébastien Verjans
  • Permanent representative, Peter Lenoir
  • Permanent representative, Didier Hanin
  • Auditor reappointment, Cedip sa
30-07
State Gazette act Reappointments: TKS Audit (statutory auditor) and Mazars (statutory auditor)
Permanent representatives: Sébastien Verjans and Peter Lenoir5 facts ▸
  • General meeting, 18-05-2020
  • Auditor reappointment, TKS Audit
  • Auditor reappointment, Mazars
  • Permanent representative, Sébastien Verjans
  • Permanent representative, Peter Lenoir
11-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
16-03
State Gazette act Reappointments: SA FINATCO, SRL SCOPE MANAGEMENT and 2 others
Permanent representatives: Philippe-Jean Boonen, Christophe Simon and Didier Hanin · Resignations: SA SALM INVEST (director) and SA LES ARTISANS DU TERROIR (director) · Appointments: CEDIP (director) and Nicolas DAMBRINE (director)22 facts ▸
  • General meeting, 03-03-2020
  • Capital increase, €429.877,44
  • Bank account, BE 44 0689 0893 0645
  • Statutes amendment
  • Capital, €1.306.595,45
  • Director reappointment, SA FINATCO (director)
  • Permanent representative, Philippe-Jean Boonen
  • Director reappointment, SRL SCOPE MANAGEMENT (director)
  • Permanent representative, Christophe Simon
  • Director resignation, SA SALM INVEST (director)
  • Director resignation, SA LES ARTISANS DU TERROIR (director)
  • Director appointment, CEDIP (director)
  • +10 further facts in this act
2019
18-07
State Gazette act Reappointments: Finatco SA, Salm invest SA and Les Artisans du Terroir SA
Resignation: Movida-Med bvba (director) · Appointments: Scope Management sprl (director) and Salm invest SA (managing director)7 facts ▸
  • General meeting, 28-05-2019
  • Director reappointment, Finatco SA (director)
  • Director reappointment, Salm invest SA (director)
  • Director reappointment, Les Artisans du Terroir SA (director)
  • Director resignation, Movida-Med bvba (director)
  • Director appointment, Scope Management sprl (director)
  • Director appointment, Salm invest SA (managing director)
27-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
22-03
State Gazette act Reappointments: TKS Audit Spri (statutory auditor) and Mazars Scrl (statutory auditor)
Power of attorney4 facts ▸
  • General meeting, 26-01-2018
  • Auditor reappointment, TKS Audit Spri
  • Auditor reappointment, Mazars Scrl
  • Power of attorney, Conseil d'administration
06-03
State Gazette act Restructuring
Merger · Dissolution · Purpose change7 facts ▸
  • General meeting, 26-01-2018
  • Merger, absorption, dissolution sans liquidation de la société absorbée
  • Dissolution, 26-01-2018
  • Purpose change, La société a pour objet: La production, l'importation, l'exportation, le commerce de gros et de détail et le courtage de toutes denrées alimentaires, y compris…
  • Merger, aucune création ni attribution d'action de la société absorbante, ni au paiement d'aucune soulte en espèces ou autrement
  • Shareholding, 02-06-2017
  • Asset composition, aucuns biens immeubles ni droits réels
2017
06-12
State Gazette act Restructuring · End & cessation
Merger · Accounting effect3 facts ▸
  • Board meeting, 13-11-2017
  • Merger, absorption, fusion silencieuse
  • Accounting effect, 01-01-2018
25-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 25 days late
2016
24-08
NBB filing Annual accounts filed
fiscal year 2015 · full schema · 24 days late
20-07
State Gazette act Resignations: CEDIP (director) and Jean-Philippe Despontin (director)
Appointments: FINATCO, SALM INVEST and 2 others · Permanent representatives: Philippe-Jean Boonen, Didier Hanin and 2 others · Capital increase20 facts ▸
  • General meeting, 27-06-2016
  • Capital increase, €930.000
  • Bank account, BE 12 3631 6290 7092
  • Capital decrease, €266.609,69
  • Capital, €876.718,01
  • Statutes amendment
  • Statutes amendment
  • Director resignation, CEDIP (director)
  • Director resignation, Jean-Philippe Despontin (director)
  • Director appointment, FINATCO (director)
  • Permanent representative, Philippe-Jean Boonen
  • Director appointment, SALM INVEST (director)
  • +8 further facts in this act
2015
17-08
NBB filing Annual accounts filed
fiscal year 2014 · full schema · 17 days late
10-07
State Gazette act Appointments: TKS and Partners (company auditor) and Mazars (company auditor)
Permanent representative: Philippe Gossart4 facts ▸
  • General meeting, 17-04-2015
  • Auditor appointment, TKS and Partners (company auditor)
  • Auditor appointment, Mazars (company auditor)
  • Permanent representative, Philippe Gossart
2014
01-09
State Gazette act Resignation: Spri JPhD (director)
Appointments: Finatco, Cedip and Jean-Philippe Despontin · Permanent representatives: Philippe-Jean Boonen, Didier Hanin and Stephan Moreau · Reappointment: Thissen, Kohnen, Simon & Partners (statutory auditor)15 facts ▸
  • General meeting, 30-05-2014
  • Director resignation, Spri JPhD (director)
  • Director appointment, Finatco (director)
  • Permanent representative, Philippe-Jean Boonen
  • Director appointment, Cedip (director)
  • Permanent representative, Didier Hanin
  • Director appointment, Jean-Philippe Despontin (director)
  • Auditor reappointment, Thissen, Kohnen, Simon & Partners
  • Permanent representative, Stephan Moreau
  • Board meeting, 30-05-2014
  • Director appointment, Finatco (chair)
  • Director appointment, Finatco (managing director)
  • +3 further facts in this act
2012
05-04
State Gazette act Capital & shares · Statutes amendment
Capital increase · Bank account · Capital decrease8 facts ▸
  • General meeting, 20-03-2012
  • Capital increase, €18.172,5
  • Capital increase, €250.000
  • Bank account, ING 363-1025772-37
  • Capital decrease, €197.879,36
  • Capital, €213.327,7
  • Statutes amendment
  • Power of attorney, Conseil d'administration de KARRAS
2011
16-12
State Gazette act Resignation: KARRAS (director)
Appointments: Finatco, Cedip and 2 others · Permanent representatives: Philippe-Jean Boonen, Didier Hanin and Laurent Simon · Reappointment: Thissen, Kohnen, Simon & Partners (statutory auditor)14 facts ▸
  • General meeting, 27-05-2011
  • Director resignation, KARRAS
  • Director appointment, Finatco (director)
  • Permanent representative, Philippe-Jean Boonen
  • Director appointment, Cedip (director)
  • Permanent representative, Didier Hanin
  • Director appointment, Benoît Leemans (director)
  • Director appointment, JPhD (director)
  • Auditor reappointment, Thissen, Kohnen, Simon & Partners
  • Permanent representative, Laurent Simon
  • Board meeting, 27-05-2011
  • Director appointment, Finatco (chair)
  • +2 further facts in this act
2008
16-06
State Gazette act Resignations: Yves Bessemans, Didier Hanin and 2 others
Appointments: Finatco S.A., Jean-Philippe Despontin and 2 others · Permanent representatives: Philippe-Jean Boonen and Didier Hanin · Reappointment: Thissen, Khonen and Co (statutory auditor)12 facts ▸
  • General meeting, 23-05-2008
  • Director resignation, Yves Bessemans (director)
  • Director resignation, Didier Hanin (director)
  • Director resignation, Marcel Christian Schmuur (director)
  • Director resignation, Philippe-Jean Boonen (director)
  • Director appointment, Finatco S.A. (director)
  • Permanent representative, Philippe-Jean Boonen
  • Director appointment, Jean-Philippe Despontin (director)
  • Director appointment, Cedip S.A. (director)
  • Permanent representative, Didier Hanin
  • Director appointment, Benoit Leemans (director)
  • Auditor reappointment, Thissen, Khonen and Co (statutory auditor)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
19 of 19 acts read

Directors · office · real estate

Directors
5 directors, 2 in day-to-day management, no change since 2022

Board 5

FINATCO
Chair · since 27-06-2016 · Director · since 27-06-2016 · Public limited company · perm. rep.: Philippe-Jean Boonen
Current
Nicolas Dambrine
Director · since 03-03-2020
Current
CloX
Director · since 19-03-2021 · Private limited company · perm. rep.: Xavier Cloquet
Current
Bernard Schwanen
Director · since 23-06-2021
Current
Europe et Croissance
Director · since 23-06-2021 · Legal entity · perm. rep.: Xavier Dethier
Current
8 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
FINATCO
Chair · since 27-05-2011 · Director · since 27-05-2011 · Legal entity · perm. rep.: Philippe-Jean Boonen
Not recently confirmed
Benoit Leemans
Director · since 23-05-2008
Not recently confirmed
Finatco S.A.
Director · since 23-05-2008 · Legal entity · perm. rep.: Philippe-Jean Boonen
Not recently confirmed
S.A. Cedip
Director · since 23-05-2008 · Legal entity · perm. rep.: Didier Hanin
Not recently confirmed
JPhD
Director · since 27-05-2011 · Legal entity
Not recently confirmed
Les Artisans du Terroir SA
Director · since 28-05-2019 · Legal entity
Not recently confirmed
SA FINATCO
Director · since 28-05-2019 · Legal entity
Not recently confirmed
Salm invest SA
Director · since 28-05-2019 · Legal entity
Not recently confirmed

Day-to-day management 2

FINATCO
Managing director · since 27-06-2016 · Public limited company · perm. rep.: Philippe-Jean Boonen
Current
CloX
Managing director · since 19-03-2021 · Private limited company · perm. rep.: Xavier Cloquet
Current
2 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
FINATCO
Managing director · since 27-05-2011 · Legal entity · perm. rep.: Philippe-Jean Boonen
Not recently confirmed
Salm invest SA
Managing director · since 28-05-2019 · Legal entity
Not recently confirmed

Permanent representatives 3

Philippe-Jean Boonen
Permanent representative · since 27-06-2016 · for FINATCO
Current
Xavier Cloquet
Permanent representative · since 19-03-2021 · for CloX
Current
Xavier Dethier
Permanent representative · since 23-06-2021 · for Europe et Croissance
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Didier Hanin
Permanent representative · since 23-05-2008 · for S.A. Cedip
Not recently confirmed

Statutory auditor 1

Ernst et Young Reviseurs d'Entreprises
Statutory auditor · since 20-05-2024 · perm. rep.: Carlo-Sébastien D'Addario
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Verviers · 2 establishment units since 1989
seat establishment approximate All 2 establishment units on the map
Ground area
1.2 ha
Building footprint
5,820 m²
Volume, LiDAR
36,827 m³
2 parcels, Wallonia · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
2 establishment units
kARRAS
Avenue de Lambusart(L) 11, 6220 FleurusNACE 5530203
since 19892.042.962.035
KARRAS
Rue de Gelée 4, 4800 VerviersWholesale of other food products
since 20242.356.692.895
2 parcels
Wallonia 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52332B0497/00H002 Wallonia 9,667 m² 1 · 5,820 m² 7.5 m · 2 fl.
63059A0298/00H002 Wallonia 2,650 m² - -
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Mandate history

35 people since 2008, 14 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
FINATCO
  • Chair, from 27-06-2016 not ended, last confirmed 20-07-2016
  • Director, from 27-06-2016 to date
  • Managing director, from 27-06-2016 to date
Nicolas Dambrine
  • Director, from 03-03-2020 to date
CloX
  • Director, from 19-03-2021 to date
  • Managing director, from 19-03-2021 to date
Bernard Schwanen
  • Director, from 23-06-2021 to date
Europe et Croissance
  • Director, from 23-06-2021 to date
Ernst et Young Reviseurs d'Entreprises
  • Statutory auditor, from 20-05-2024 to date
Benoit Leemans
  • Director, from 23-05-2008 not ended, last confirmed 16-12-2011
Finatco S.A.
  • Director, from 23-05-2008 not ended, last confirmed 16-06-2008
S.A. Cedip
  • Director, from 23-05-2008 not ended, last confirmed 16-06-2008
FINATCO
  • Chair, from 27-05-2011 not ended, last confirmed 01-09-2014
  • Director, from 27-05-2011 not ended, last confirmed 01-09-2014
  • Managing director, from 27-05-2011 not ended, last confirmed 01-09-2014
JPhD
  • Director, from 27-05-2011 not ended, last confirmed 16-12-2011
Les Artisans du Terroir SA
  • Director, already before 28-05-2019 not ended, last confirmed 18-07-2019
SA FINATCO
  • Director, already before 28-05-2019 not ended, last confirmed 18-07-2019
Salm invest SA
  • Director, already before 28-05-2019 not ended, last confirmed 18-07-2019
  • Managing director, from 28-05-2019 not ended, last confirmed 18-07-2019
Cedip sa
  • Auditor, from 18-09-2020 to 20-05-2024
RSM Réviseurs d'entreprises - Bedrijfsrevisoren
  • Statutory auditor, from 16-06-2021 to 20-05-2024
CLOX
  • Director, until 21-01-2022
  • Managing director, until 21-01-2022
TKS AUDIT
  • Auditor, from 03-03-2020 to 16-06-2021
CEDIP SA
  • Director, from 03-03-2020 to 19-03-2021
  • Managing director, from 03-03-2020 to 19-03-2021
SCOPE MANAGEMENT
  • Director, from 28-05-2019 to 19-03-2021
Les Artisans du Terroir
  • Director, from 27-06-2016 to 03-03-2020
SALM INVEST
  • Director, from 27-06-2016 to 03-03-2020
  • Managing director, from 27-06-2016 to 03-03-2020
TKS Audit Spri
  • Auditor, from 26-01-2018 to 03-03-2020
MOVIDA-MED
  • Director, from 27-06-2016 to 28-05-2019
Mazars
  • Auditor, from 01-01-2014 to 26-01-2018
TKS and Partners
  • Company auditor, from 01-01-2014 to 26-01-2018
Cedip
  • Director, from 27-05-2011 to 27-06-2016
  • Managing director, from 27-05-2011 ended, last mentioned 01-09-2014
Jean-Philippe Despontin
  • Director, from 23-05-2008 to 27-06-2016
Thissen, Kohnen, Simon & Partners
  • Auditor, from 27-05-2011 to 01-01-2014
Spri JPhD
  • Director, until 31-12-2013
Thissen, Khonen and Co
  • Statutory auditor, from 23-05-2008 to 27-05-2011
Didier Hanin
  • Director, until 23-05-2008
Marcel Christian Schmuur
  • Director, until 23-05-2008
Philippe-Jean Boonen
  • Director, until 23-05-2008
Yves Bessemans
  • Director, until 23-05-2008
See the board, name and seat on a given date →

Articles of association

Purpose
La production, l'importation, l'exportation, le commerce de gros et de détail et le courtage de toutes denrées alimentaires, y compris les boissons alcoolisées et autres boissons…
Full purpose

La production, l'importation, l'exportation, le commerce de gros et de détail et le courtage de toutes denrées alimentaires, y compris les boissons alcoolisées et autres boissons, tous les produits de la pêche, de l'agriculture, de l'horticulture, de l'élevage et ceux des entreprises alimentaires. La gestion de biens immobiliers et le refinancement de biens immobiliers auprès de tiers, de même que toutes opérations qui y sont liées directement ou indirectement ou de nature à y contribuer comme l'entretien, le développement, l'embellissement et la location de ces biens, aussi bien que la faculté de garantir les engagements pris par les tiers qui en ont la jouissance, moyennant l'obtention des autorisations nécessaires. La société peut conclure, en Belgique et à l'étranger, toutes opérations mobilières ou immobilières, civiles ou commerciales, industrielles ou financières en relation directe ou indirecte avec son objet social ou qui soient de nature à contribuer à la réalisation de ce dernler. Elle peut aussi s'intéresser par voie d'apport, de souscription, de prise de participation ou autrement dans toutes les entreprises, associations ou sociétés, belges ou étrangères, qul ont un objet semblable, analogue ou connexe ou dont l'objet est lié à la promotion des entreprises. La société peut donner son cautionnement ou sa garantie, consentir des avances, octroyer des crédits, fournir des garanties hypothécaires ou autres. Elle peut exercer tout mandat ou misslon auprès de toute autre société.

Structure & network

Part of the group Floridienne 11 companies Group, risk and exposure

Owners and holdings

1 owner

Chain of control

  1. Floridienne 100%
  2. KARRAS

Highest known parent: Floridienne. The sources do not say who stands above it.

Owners 1

Holdings 0

The accounts to 31-12-2024 list no holdings, and no other source names one.

According to the 2024 annual accounts of KARRAS 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

5 connected companies
Linked via shared directors
FoodDrinkEurope
Shared director
→
NSF Europe
Shared director
→
ALTESSE QUALITY FOOD
Shared corporate director
→
Show 1 more companies with a shared director
DELKA
Shared corporate director
→

Acquisitions and mergers

1 transaction
Took over:Delimed
BE 0460.999.626merger by absorption · State Gazette act of 06-03-2018 (2 acts) · effective 01-01-2018

Capital and shareholders

Shareholders according to the acts
After the capital increase act of 20-07-2016 ↗
  • Salm Invest 2,452 shares · 680,000 EUR
  • Simon Sélection 902 shares · 250,000 EUR

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 16-07-2021 Capital increase of 989,459.28 EUR · to 2,296,054.73 EUR · 4,806 new shares
  2. 16-03-2020 Capital increase of 429,877.44 EUR · to 1,306,595.45 EUR · 2,088 new shares
  3. 20-07-2016 Capital increase of 930,000 EUR · to 1,143,327.70 EUR · 3,354 new shares
  4. 20-07-2016 Capital reduction of 266,609.69 EUR · to 876,718.01 EUR · to absorb losses
  5. 05-04-2012 Capital increase of 18,172.50 EUR · to 161,207.06 EUR · from reserves
  6. 05-04-2012 Capital increase of 250,000 EUR · to 411,207.06 EUR · in cash
  7. 05-04-2012 Capital reduction of 197,879.36 EUR · to 213,327.70 EUR · to absorb losses

Recognitions · licences · registrations

Food safety, FASFC

1 site
Verviers2.356.692.895
1 permission
Toelating · Groothandelaar levensmiddelen · since 12-06-2024

Legal Entity Identifier

875500QEYSNHENJZAO92
live in the LEI register

Similar companies · same sector, comparable size

Of 453 companies in sector 46360 we hold annual accounts for 286. 188 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded20-03-1989
Fiscal year end31-12
Activities, NACEBEL 2025
10890Manufacture of food products
46360Wholesale trade
Contact
E-mail administration@karras.fr
E-mail compta@karrasgroup.be
E-invoicing
Reachable via Peppol
Peppol ID 0208:0437114167
Also 9925:BE0437114167
Registered 24-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.