KARUK
ActiveSummary
The computed 12-month bankruptcy probability of KARUK is 4.7% (elevated). For KARUK, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €19,635 and a net result of €10,085. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2011 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability100=
Solvency93▲+37
Growth85▲+13
Track record92
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
67.6%
Return on assets
34.7%
Age of the figures
36 mo
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
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
30-09-2024 close30-04-2025 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2023 was due by 30-04-2024 and was filed on 11-12-2023, 141 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
141 d early
2022
10 d early
2021
33 d early
2020
271 d late
2019
97 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 2 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · 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 publicationsPublications
Address struck
History
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Financials · fiscal year 2023, micro schema
Turnover
€62,584▲ 63.4%
2018 · €38,295
EBIT margin
13.5%▲ 20.5pp
2018 · -7.0%
Net result
€10,085▼ 11.2%
2022 · €11,363
Working capital
€4,415
2022 · -€12,781
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€62,584▲ 63.4%
Operating result€8,445-€3,705-€13,838▼ 273%€11,355€10,324▼ 9.1%
Net result€8,332-€3,705-€14,550▼ 293%€11,363€10,085▼ 11.2%
EBIT margin13.5%▲ 20.5pp
Equity€21,922▲ 61.3%€14,568▼ 33.5%-€1,313€10,049€19,635▲ 95.4%
Total assets€59,521▼ 6.0%€42,713▼ 28.2%€32,554▼ 23.8%€32,841▲ 0.9%€29,055▼ 11.5%
Debt€37,599▼ 24.4%€28,145▼ 25.1%€33,867▲ 20.3%€22,792▼ 32.7%€9,420▼ 58.7%
Working capital€9,125-€23,816-€31,920▼ 34.0%-€12,781▲ 60.0%€4,415
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2023; 2023 is 9% below 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €29,055
Fixed assets
€15,220 ▼ 33.3%
Current assets
€13,835 ▲ 38.2%
Equity and liabilities €29,055
Equity
€19,635 ▲ 95.4%
Debt
€9,420 ▼ 58.7%
Debt's share of the balance-sheet total falls from 69.4% to 32.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€17,934▼
2022 · €19,132
Cash flow
€17,695▼
2022 · €19,140
Current ratio
1.47▲
2022 · 0.44
Quick ratio
0.70▲
2022 · 0.34
Debt to equity
0.48▼
2022 · 2.27
ROE
51.4%▼
2022 · 113.1%
ROA
34.7%▲
2022 · 34.6%
Interest coverage
75.22▲
2022 · 47.58
Debt ≤ 1 year
€9,420▼
2022 · €22,792
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €62,584 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,610 | - | €7,777 | €7,777 | €7,610 | ▼ 2.1% |
| Other operating charges640/8 | - | - | - | €30 | - | - |
| Gross operating margin9900 | €16,055 | -€3,705 | -€5,165 | €19,162 | €17,934 | ▼ 6.4% |
| Operating profit (loss)9901 | €8,445 | -€3,705 | -€13,838 | €11,355 | €10,324 | ▼ 9.1% |
| Financial charges65/66B | - | - | - | €402 | €238 | ▼ 40.7% |
| Recurring financial charges65 | €113 | - | €712 | €402 | €238 | ▼ 40.7% |
| Profit (loss) for the period before taxes9903 | €8,332 | -€3,705 | -€14,550 | €10,952 | €10,085 | ▼ 7.9% |
| Income taxes67/77 | - | - | - | -€411 | - | - |
| Profit (loss) for the period9904 | €8,332 | -€3,705 | -€14,550 | €11,363 | €10,085 | ▼ 11.2% |
| Profit (loss) for the period to be appropriated9905 | €8,332 | -€3,705 | -€14,550 | €11,363 | €10,085 | ▼ 11.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €59,521 | €42,713 | €32,554 | €32,841 | €29,055 | ▼ 11.5% |
| Formation expenses20 | €334 | €334 | €167 | - | - | - |
| Fixed assets21/28 | €15,220 | €38,050 | €30,440 | €22,830 | €15,220 | ▼ 33.3% |
| Tangible fixed assets22/27 | €15,220 | €38,050 | €30,440 | €22,830 | €15,220 | ▼ 33.3% |
| Plant, machinery and equipment23 | - | - | - | €10,560 | €7,040 | ▼ 33.3% |
| Furniture and vehicles24 | - | - | - | €12,270 | €8,180 | ▼ 33.3% |
| Current assets29/58 | €43,967 | €4,329 | €1,947 | €10,011 | €13,835 | ▲ 38.2% |
| Stocks and contracts in progress3 | €2,150 | €2,150 | €919 | €2,170 | €7,215 | ▲ 233% |
| Stocks30/36 | - | - | - | €2,170 | €7,215 | ▲ 233% |
| Amounts receivable within one year40/41 | €16,456 | - | - | €3,304 | €4,775 | ▲ 44.6% |
| Other amounts receivable41 | - | - | - | €3,304 | €4,775 | ▲ 44.6% |
| Cash at bank and in hand54/58 | €24,339 | €1,157 | €7 | €3,516 | €1,844 | ▼ 47.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,021 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €59,521 | €42,713 | €32,554 | €32,841 | €29,055 | ▼ 11.5% |
| Equity10/15 | €21,922 | €14,568 | -€1,313 | €10,049 | €19,635 | ▲ 95.4% |
| Contributions10/11 | €6,250 | €6,250 | €6,250 | €6,250 | €5,750 | ▼ 8.0% |
| Capital10 | - | - | - | €6,250 | €5,750 | ▼ 8.0% |
| Issued capital100 | - | - | - | €18,600 | €18,100 | ▼ 2.7% |
| Uncalled capital101 | - | - | - | €12,350 | €12,350 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Legal reserve130 | - | - | - | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €13,812 | €6,458 | -€9,423 | €1,939 | €12,025 | ▲ 520% |
| Amounts payable17/49 | €37,599 | €28,145 | €33,867 | €22,792 | €9,420 | ▼ 58.7% |
| Amounts payable within one year42/48 | €34,841 | €28,145 | €33,867 | €22,792 | €9,420 | ▼ 58.7% |
| Financial debts43 | - | - | - | €5,028 | €5,028 | = |
| Credit institutions430/8 | - | - | - | €5,028 | €5,028 | = |
| Trade debts44 | €20,448 | €16,808 | €12,313 | €15,594 | €3,579 | ▼ 77.1% |
| Suppliers440/4 | - | - | - | €15,594 | €3,579 | ▼ 77.1% |
| Taxes, remuneration and social security45 | - | - | - | €1,699 | €343 | ▼ 79.8% |
| Taxes450/3 | - | - | - | €1,612 | €256 | ▼ 84.1% |
| Remuneration and social security454/9 | - | - | - | €88 | €88 | = |
| Other amounts payable47/48 | - | - | - | €470 | €470 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,332 | -€3,705 | -€14,550 | €11,363 | €10,085 | ▼ 11.2% |
| + Depreciation and write-downs630 | €7,610 | - | €7,777 | €7,777 | €7,610 | ▼ 2.1% |
| Operating cash flow (approximation) | €15,942 | -€3,705 | -€6,773 | €19,140 | €17,695 | ▼ 7.5% |
| Investment in fixed assets (approximation) | - | -€22,830 | -€167 | -€167 | €0 | ▲ 100% |
| Change in cash | - | -€23,181 | -€1,150 | €3,509 | -€1,672 | ▼ 148% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
11-07
KBO administration
Address struck
2023
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-09
Financial
Liquidity triplescurrent ratio 1.47
Current ratio from 0.44 to 1.47; short-term debt falls from €22,792 to €9,420.
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €11,363
Net result €11,363 after 2 loss-making years.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 271 days late
2021
30-09
Financial
Weakest financial yearnet -€14,550
Net result drops to -€14,550, the lowest in the series; recovery starts the following year.
2020
24-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
24-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 269 days late
24-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 634 days late
2019
30-09
Financial
Back to profitnet €8,332
Net result €8,332 after one loss-making year.
2016
01-02
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
01-02
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 277 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
10 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, Halle
Ground area
524 m²
Building footprint
324 m²
Volume, LiDAR
4,755 m³
Parcel 23027G0323/00Y005, Flanders · tallest building 19.2 m, ±5 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027G0323/00Y005 | Flanders | 524 m² | 1 · 324 m² | 19.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded20-10-2011
Fiscal year end30-09
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.