KARSEN

Active

Private limited companyfounded 2019active for 7 yearsArthur Maesstraat 100, 1130 Brussel, Belgium52 active companies are registered at this addressKBO/BCE: BE 0729.719.320

Summary

The computed 12-month bankruptcy probability of KARSEN is 9.0% (elevated). The 2025 annual accounts show negative equity (-€49,491) and a net result of -€61,299. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 5,823 sector peers (NACE 49, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags).

Risk analysisFollow Report Compare

KARSENActiveChecked score 30/100

Risk analysis Report Compare

Activity

Freight transport by road

NACE 49410

1 site

Size

€942,695total assets 2025

Staff: 14 FTE
Equity: -€49,491
Loss: -€61,299

Turnover not published (micro format)

Financial health

30 Weak Checked score 2025

Bankruptcy probabilitywithin 12 months: 9.0%

Structure

2025 accounts filed 67 days late1 of 3 deeds summarised

Why 30raises riskLast filed accounts filed 67 days late; 3 of the last 3 lateSector: Land transport and transport via pipelines (NACE 49)Ex-officio strike-off in the KBOlowers riskSize: total assets €942,695Show the evidence

Checked score

Score 2025

30 / 100

Weak

Probability in this band: 4.2% to 15.0%

Financially better than 8% of its sector peers (NACE 49, micro)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 20-8

equity -5.2% of total assets

Liquidity 1-18

short-term debt 93.5% · cash 0.9%

Profitability 13-19

return on assets -6.5%

Bankruptcy probability, 12 months

9.0% Elevated

0%0.5%1.5%4%10%≥ 25%

About 9 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,095 companies, NACE 49, micro)

Last 24 months 11-2024: 10.1% 12-2024: 10.1%● unchanged vs 11-2024 01-2025: 10.1%● unchanged vs 12-2024 02-2025: 10.1%● unchanged vs 01-2025 03-2025: 10.0%▼ -0.1 percentage points vs 02-2025 04-2025: 10.7%▲ +0.7 percentage points vs 03-2025 05-2025: 10.6%▼ -0.1 percentage points vs 04-2025 06-2025: 10.6%● unchanged vs 05-2025 07-2025: 10.6%● unchanged vs 06-2025 08-2025: 11.1%▲ +0.5 percentage points vs 07-2025 09-2025: 11.9%▲ +0.8 percentage points vs 08-2025 10-2025: 13.8%▲ +1.9 percentage points vs 09-2025 11-2025: 13.9%▲ +0.1 percentage points vs 10-2025 12-2025: 14.3%▲ +0.4 percentage points vs 11-2025 01-2026: 16.7%▲ +2.4 percentage points vs 12-2025highest value 02-2026: 8.7%▼ -8.0 percentage points vs 01-2026 03-2026: 8.7%● unchanged vs 02-2026 04-2026: 8.7%● unchanged vs 03-2026 05-2026: 8.9%▲ +0.2 percentage points vs 04-2026 06-2026: 8.6%▼ -0.3 percentage points vs 05-2026 07-2026: 8.5%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: 8.7%▲ +0.2 percentage points vs 07-2026 09-2026: 8.8%▲ +0.1 percentage points vs 08-2026 10-2026: 9.0%▲ +0.2 percentage points vs 09-2026

No credit on open account

Liquidity insufficient (current ratio 0.92, compared with 0.96 in 2024, below 1; short-term debt: 93.5% and cash: 0.9% 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 49, micro): better than 13% on solvency, 3% on liquidity, 15% on profitability and 1% on growth.

The bankruptcy probability was computed on 24-10-2026 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).

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Signals

Seven signals.

lowers riskraises risk

Last filed accounts filed 67 days late; 3 of the last 3 late

NBB · filings

Sector: Land transport and transport via pipelines (NACE 49)

KBO

Ex-officio strike-off in the KBO

KBO publications

Size: total assets €942,695

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

202122232425

2020 to 2025 · latest year -€49,491

2025 accounts filed 67 days late

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-10-2026, 67 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 · 6 filings

Deviation from the deadline

2025

67 days late

2024

172 days late

2023

77 days late

2022

134 days late

2021

100 days late

2020

104 days late

← 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 109 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.

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 publications

Publications

Address struck

Searched, nothing found (1)

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 8 November (4 of the last 5 filed years within 34 days of that day).

Companies Code · seven months

Where today falls in the filing period

25-10-2026 today31-12-2026 year end31-07-2027 deadline

06-10-2026 Annual accounts filedfinancial year 2025 · micro…
05-10-2026 Address struckevent 20-09-2026
19-01-2026 Annual accounts filedfinancial year 2024 · micro…

Key points

Risk: Negative equityfinancial year 2025: debts exceed assets -€49,491 View
Risk: 3 loss-making years in a rowloss financial year 2025 -€61,299 View
Caution: Result fell in 2025from -€10,396 to -€61,299 ▼ 490% View
Caution: Among the weakest 5% on net resultsector median €5,731 · 5,794 companies -€61,299 View
Caution: Latest accounts filed lateafter the legal deadline 67 days View

By topic

Financials

Financial year: 2025
Total assets: €942,695
Loss: -€61,299
Solvency: -5.2%

Turnover▲ 9.8%

Net result

20202021

Go to Financials

Timeline

Events: 9
Since: 2021
Next accounts: by 31-07-2027

31-12-2025Weakest financial year
16-10-2024Annual accounts filed
30-01-2024Registered office

Go to Timeline

Company details

Sites: 1

Legal form: Private limited company
Activity: Freight transport by roadNACE 49410
Founded: 03-07-2019
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about KARSEN

What is the company number of KARSEN?: 0729.719.320. In Belgium the VAT number is the company number with BE in front: BE 0729.719.320.
Where is KARSEN based?: The registered office is at Arthur Maesstraat 100, 1130 Brussel.Company details
What does KARSEN do?: According to the KBO register, the main activity is freight transport by road (NACE 49410).
What is the legal form of KARSEN?: Private limited company (BV).
When was KARSEN founded?: On 03-07-2019.
Is KARSEN still active?: Yes, KARSEN is an active enterprise in the KBO register.
How many employees does KARSEN have?: On average 14 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of KARSEN?: €125,360 in financial year 2021, according to the filed annual accounts.
Is KARSEN profitable?: In financial year 2025, KARSEN made a loss of €61,299.
Where can I find the annual accounts of KARSEN?: KARSEN filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of KARSEN due?: By 31-07-2027, for financial year 2026.Timeline

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Overview