Skip to content

KARSAM EUROPE

Active
Public limited companyfounded 1990active for 36 yearsBollinckxstraat 13, 1070 Anderlecht, BelgiumKBO/BCE: BE 0441.012.181
Summary

KARSAM EUROPE has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100,939 and a net result of €5,183. Equity has been growing by about 6.1% per year since 2018. Its solvency ranks better than 18% of 9,845 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Official details

Source: KBO
Status
Active since 01-06-1990 Normal situation
Activity
Agents in non-specialised wholesale trade NACE 46190and 8 others
Establishment unit
2.048.992.564 1070 Anderlecht, since 26-07-1990
Financial year end
31 December
Peppol
Reachable since 10-12-2025

Board and ownership

Board

Financial position

84 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Annual accounts 2025
Gross margin
€43,876
▲ 15.7%
Turnover
≈ €190,000
estimated
Profit
€5,183
▼ 15.7%
Equity
€100,939
▲ 5.4%
Total assets
€1.1m
▼ 1.5%
Employees on 31-12-2025
1
=
  • 2025 accounts filed 56 days after the deadline
Score breakdownraises riskLast filed accounts filed 56 days late; 3 of the last 3 accounts lateEquity €100,939 (9.5% of total assets)lowers riskSize: total assets €1.1mFounded in 1990Show the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 34% of micro companies in wholesale trade (NACE 46)
Financial strength · tick: 2024
Weak
Solvency 34=
equity 9.5% of total assets
Liquidity 14-34
short-term debt 90.5% · cash 11.5%
Profitability 57+18
return on assets 0.5%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 3.2% 01-2025: 6.0%▲ +2.8 percentage points vs 12-2024 02-2025: 6.0%● unchanged vs 01-2025 03-2025: 6.1%▲ +0.1 percentage points vs 02-2025highest value 04-2025: 0.8%▼ -5.3 percentage points vs 03-2025 05-2025: 0.9%▲ +0.1 percentage points vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 1.2%▲ +0.3 percentage points vs 06-2025 08-2025: 1.6%▲ +0.4 percentage points vs 07-2025 09-2025: 1.8%▲ +0.2 percentage points vs 08-2025 10-2025: 0.2%▼ -1.6 percentage points vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025lowest value 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.3%▲ +0.1 percentage points vs 02-2026 04-2026: 0.2%▼ -0.1 percentage points vs 03-2026 05-2026: 0.3%▲ +0.1 percentage points vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.6%▲ +0.2 percentage points vs 07-2026 09-2026: 0.7%▲ +0.1 percentage points vs 08-2026 10-2026: 0.3%▼ -0.4 percentage points vs 09-2026 11-2026: 0.3%● unchanged vs 10-2026
Credit of up to €8,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.1 (1.09 in 2024), below the usual 1.5. Short-term debt is 90.5% and cash 11.5% of total assets. 90.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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). It does better than 23% of them on solvency, 15% on liquidity, 43% on profitability and 56% on growth.

The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
lowers risk · Size: total assets €1.1m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1990
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Last filed accounts filed 56 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Equity €100,939 (9.5% of total assets)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9845 sector peers (2025).
NBB · sector comparison
Position among 9845 sector peers
Solvency
better than 18%
← weakest strongest →
raises risk · 2025 accounts filed 56 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 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 filings
Deviation from the deadline
2025
56 days late
2024
57 days late
2023
239 days late
2022
225 days late
2021
58 days late
2020
34 days late
2019
83 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 107 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
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 27 September (4 of the last 5 accounts filed within 167 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower solvency than 82% of companies in wholesale tradesector median 42.9% · 9,845 companies 9.5% View
  • Positive: 6 profitable years in a rowprofit 2025: €5,183 6 years View
  • New directorlatest change 07-01-2026 · 3 in office 1 joined View

Recent changes

  1. · Gazette deed Appointment: Emile Karam (director)
  2. · Gazette deed Capital & shares · Amendment of the articles · Resignations & appointments
  3. · Gazette deed Resignation: ECHANGES COMMERCIAUX INDUSTRIELS (director)Reappointments: Elias KARAM (director) and Sami KARAM (director) · Appointment: Elias KARAM (managing director)
All 17 events

Comparable companies

These companies have the same main activity as KARSAM EUROPE: agents in non-specialised wholesale trade (NACE 46190). They are comparable in size and age: total assets between €898,000 and €1.2m, founded between 1985 and 1996.

CompanyTotal assetsGross margin
KARSAM EUROPE Anderlecht€1.1m€0.04m
EUROPRO Ukkel€1.0m€0.04m
JOBECA Wevelgem€1.0m€0.05m
T'SAS I. Flobecq€1.1m€0.04m
Blue Boyz Turnhout€0.9m€0.04m
IMFRACO De Haan€1.2m€0.06m
ULAC Zottegem€1.2m€0.04m
Full comparison

Key facts about KARSAM EUROPE

What is the company number of KARSAM EUROPE?
The company number of KARSAM EUROPE is 0441.012.181. The VAT number is the same number with BE in front: BE 0441.012.181.
Where is KARSAM EUROPE based?
The registered office is at Bollinckxstraat 13, 1070 Anderlecht.Company details
What does KARSAM EUROPE do?
According to the KBO register, the main activity is agents in non-specialised wholesale trade (NACE 46190).
What is the legal form of KARSAM EUROPE?
The legal form of KARSAM EUROPE is Public limited company (NV).
When was KARSAM EUROPE founded?
KARSAM EUROPE was founded on 01-06-1990.
Is KARSAM EUROPE still active?
Yes, KARSAM EUROPE is an active enterprise in the KBO register.
How many employees does KARSAM EUROPE have?
KARSAM EUROPE had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of KARSAM EUROPE?
The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €43,876 and 38 comparable companies (NACE 461). It probably lies between €120,000 and €490,000.
Is KARSAM EUROPE profitable?
In financial year 2025, KARSAM EUROPE made a profit of €5,183.
Where can I find the annual accounts of KARSAM EUROPE?
KARSAM EUROPE filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of KARSAM EUROPE due?
KARSAM EUROPE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

See how customers, suppliers and banks see your own company and what to improve first.

Keep this company with today's facts in a case file.