KARTS PROJECTS
Open bankruptcyA bankruptcy procedure is open for KARTS PROJECTS according to publications in the Belgian State Gazette; curator: JEROEN PINOY. The 2023 annual accounts show equity of €45k and a net result of €-61k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-08-2024, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
30 d late
2022
25 d late
2021
29 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, abbreviated schema
Equity
€45k▼ 57.5%
2022 · €107k
2021: €166k
2022: €107k
2021 → 2023
Total assets
€152k▼ 42.3%
2022 · €264k
2021: €413k
2022: €264k
2021 → 2023
Net result
€-61k▼ 2.8%
2022 · €-60k
2021: €164k
2022: €-60k
2021 → 2023
Working capital
€39k▼ 53.3%
2022 · €84k
2021: €113k
2022: €84k
2021 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202120222023Trend
Equity€166k-€107k▼ 35.9%€45k▼ 57.5%
Operating result€223k-€-57k€-58k▼ 1.5%
Net result€164k-€-60k€-61k▼ 2.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €58k in 2023 against €57k in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €152k
Fixed assets
€33k▼ 52.1%
Current assets
€119k▼ 38.9%
Equity and liabilities €152k
Equity
€45k▼ 57.5%
Debt
€107k▼ 32.0%
The debt ratio rises from 59.6% to 70.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-40k▼
2022 · €-35k
Cash flow
€-43k▼
2022 · €-37k
Solvency
29.8%▼
2022 · 40.4%
Current ratio
1.49▼
2022 · 1.76
Quick ratio
0.30▼
2022 · 0.88
Debt / equity
2.36▲
2022 · 1.47
ROE
-135.6%▼
2022 · -56.0%
ROA
-40.3%▼
2022 · -22.6%
Interest coverage
-13.74▲
2022 · -16.30
Debt
€107k▼
2022 · €157k
Debt ≤ 1 year
€80k▼
2022 · €111k
Debt > 1 year
€26k▼
2022 · €46k
Income taxes
€341▲
2022 · €322
Staff costs
€10k▼
2022 · €23k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€264k€152k▼
Fixed assets21/28€69k€33k▼
Tangible fixed assets22/27€69k€33k▼
Plant, machinery and equipment23€318-
Furniture and vehicles24€63k€28k▼
Other tangible fixed assets26€5k€4k▼
Financial fixed assets28€189€189=
Current assets29/58€195k€119k▼
Stocks and contracts in progress3€98k€95k▼
Stocks30/36€98k€95k▼
Amounts receivable within one year40/41€54k€22k▼
Trade receivables40€11k€11k▼
Other amounts receivable41€43k€11k▼
Cash at bank and in hand54/58€40k-
Deferred charges and accrued income490/1€3k€2k▼
Equity and liabilities
Total equity and liabilities10/49€264k€152k▼
Equity10/15€107k€45k▼
Contributions10/11€3k€3k=
Profit (loss) carried forward14€104k€43k▼
Amounts payable17/49€157k€107k▼
Amounts payable after more than one year17€46k€26k▼
Financial debts170/4€46k€26k▼
Amounts payable within one year42/48€111k€80k▼
Current portion of amounts payable after more than one year42€20k€20k▲
Financial debts43€5k€19k▲
Credit institutions430/8€5k€19k▲
Trade debts44€46k€26k▼
Suppliers440/4€46k€26k▼
Taxes, remuneration and social security45€38k€4k▼
Taxes450/3€25k€4k▼
Remuneration and social security454/9€13k-
Other amounts payable47/48€2k€10k▲
Accrued charges and deferred income492/3-€690
Income statement
Code20222023
Remuneration, social security and pensions62€23k€10k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€18k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€6k
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€3k€1k▼
Gross operating margin9900€-7k€-20k▼
Operating profit (loss)9901€-57k€-58k▼
Financial income75/76B€26€2▼
Recurring financial income75€26€2▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€-59k€-61k▼
Income taxes67/77€322€341▲
Profit (loss) for the period9904€-60k€-61k▼
Profit (loss) for the period to be appropriated9905€-60k€-61k▼
Appropriation of the result
Profit (loss) to be appropriated9906€104k€43k▼
Profit (loss) brought forward from the previous period14P€164k€104k▼
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
12-09
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · KARTS PROJECTS BV RUBENS- STRAAT 19, 2812 MUIZEN (MECHELEN) · event 08-09-2025
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-61k
Net result drops to €-61k, the lowest in the series.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 25 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are 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, Mechelen · 1 establishment unit since 2020
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.
Rubensstraat(MZN) 192812 MechelenGround area
938 m²
Building footprint
241 m²
Volume, LiDAR
1,140 m³
Parcel 12409B0162/00C002, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KARTS PROJECTS
since 20202.303.403.471
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12409B0162/00C002 | Flanders | 938 m² | 1 · 241 m² | 7.5 m · 2 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | JEROEN PINOY CELLEBROEDERSSTRAAT 13,
2800 MECHELEN |
08-09-2025 → present |
Recognitions · licences · registrations
Food safety, FASFC
1 siteMechelen2.303.403.471
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 1,901 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-05-2020
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.