KARSTYLE
ActiveKARSTYLE has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37k and a net result of €10k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 32% of 2533 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-15
Solvency46▲+3
Growth58=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.95 against 1.12 in 2024; short-term debt: 76.5% and cash: 43.5% of total assets), and 79.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Sector 95
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.6%
Return on assets
5.6%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €37k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
23 d late
2023
30 d late
2022
4 d early
2021
30 d late
2020
22 d early
2019
14 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€37k▲ 37.6%
2024 · €27k
2018: €47k
2019: €29k
2020: €12k
2021: €13k
2022: €9k
2023: €6k
2024: €27k
2018 → 2025
Total assets
€180k▲ 19.4%
2024 · €151k
2018: €121k
2019: €152k
2020: €140k
2021: €133k
2022: €129k
2023: €128k
2024: €151k
2018 → 2025
Net result
€10k▼ 62.6%
2024 · €27k
2018: €-2k
2019: €-18k
2020: €-17k
2021: €904
2022: €-4k
2023: €-3k
2024: €27k
2018 → 2025
Working capital
€-6k
2024 · €13k
2018: €38k
2019: €8k
2020: €-8k
2021: €591
2022: €-2k
2023: €-6k
2024: €13k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€9k▼ 30.6%€6k▼ 34.5%€27k▲ 360%€37k▲ 37.6%
Operating result€4k-€1k▼ 73.1%€3k▲ 154%€41k▲ 1,438%€14k▼ 65.5%
Net result€904-€-4k€-3k▲ 21.6%€27k€10k▼ 62.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 66% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €180k
Fixed assets
€48k▲ 94.4%
Current assets
€131k▲ 4.5%
Equity and liabilities €180k
Equity
€37k▲ 37.6%
Debt
€143k▲ 15.4%
The debt ratio falls from 82.1% to 79.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▼
2024 · €50k
Cash flow
€18k▼
2024 · €37k
Solvency
20.6%▲
2024 · 17.9%
Current ratio
0.95▼
2024 · 1.12
Quick ratio
0.78▼
2024 · 0.78
Debt / equity
3.85▼
2024 · 4.58
ROE
27.3%▼
2024 · 100.5%
ROA
5.6%▼
2024 · 18.0%
Interest coverage
9.88▼
2024 · 15.79
Debt
€143k▲
2024 · €124k
Debt ≤ 1 year
€138k▲
2024 · €112k
Debt > 1 year
€5k▼
2024 · €11k
Income taxes
€7k▼
2024 · €10k
Staff costs
€290k▲
2024 · €243k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€151k€180k▲
Formation expenses20€0-
Fixed assets21/28€25k€48k▲
Intangible fixed assets21€0€14k▲
Tangible fixed assets22/27€24k€34k▲
Land and buildings22€0-
Plant, machinery and equipment23€22k€17k▼
Furniture and vehicles24€2k€17k▲
Other tangible fixed assets26€0-
Financial fixed assets28€488€646▲
Current assets29/58€126k€131k▲
Stocks and contracts in progress3€38k€25k▼
Stocks30/36€38k€25k▼
Amounts receivable within one year40/41€19k€27k▲
Trade receivables40€18k€13k▼
Other amounts receivable41€729€14k▲
Cash at bank and in hand54/58€62k€78k▲
Deferred charges and accrued income490/1€7k€1k▼
Equity and liabilities
Total equity and liabilities10/49€151k€180k▲
Equity10/15€27k€37k▲
Contributions10/11€19k€19k=
Reserves13€8k€8k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€6k€6k=
Profit (loss) carried forward14€246€10k▲
Amounts payable17/49€124k€143k▲
Amounts payable after more than one year17€11k€5k▼
Financial debts170/4€11k€5k▼
Amounts payable within one year42/48€112k€138k▲
Current portion of amounts payable after more than one year42€32k€13k▼
Trade debts44€57k€87k▲
Suppliers440/4€57k€87k▲
Advances received on contracts in progress46-€405
Taxes, remuneration and social security45€19k€38k▲
Taxes450/3€11k€4k▼
Remuneration and social security454/9€8k€34k▲
Other amounts payable47/48€5k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€243k€290k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€8k▼
Other operating charges640/8€6k€9k▲
Gross operating margin9900€300k€321k▲
Operating profit (loss)9901€41k€14k▼
Financial income75/76B€152€6k▲
Recurring financial income75€152€111▼
Non-recurring financial income76B-€5k
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Non-recurring financial charges66B€136€0▼
Profit (loss) for the period before taxes9903€37k€17k▼
Income taxes67/77€10k€7k▼
Profit (loss) for the period9904€27k€10k▼
Profit (loss) for the period to be appropriated9905€27k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€6k€10k▲
Profit (loss) brought forward from the previous period14P€-21k€246▲
Profit to be distributed694/7€6k€0▼
Return on contributions (dividend)694€6k€0▼
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
31-12
Financial
Back to profitnet €27k
Net result €27k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €904
Net result €904 after 3 loss-making years.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €-18k
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Charleroi · 1 establishment unit since 1998
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.
Grand'rue 186000 CharleroiGround area
701 m²
Building footprint
187 m²
Volume, LiDAR
2,474 m³
Parcel 52011B0248/00B009, Wallonia · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MIDAS
since 19982.089.782.252
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52011B0248/00B009 | Wallonia | 701 m² | 1 · 187 m² | 15.3 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,376 companies in sector 95311 we hold annual accounts for 2,958. 1,954 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded07-10-1998
Fiscal year end31-12
Activities, NACEBEL
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
95313Repair and fitting of specific motor vehicle parts
50200
Sources
Crossroads Bank for EnterprisesNational Bank · 27 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.