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Complete company report
Generated 16-08-2026
Active BE 0840.460.755Private limited company

KARUK

· 14 yrs active
Conclusion Checked

The computed 12-month bankruptcy probability of KARUK is 4.5% (elevated). The 2023 annual accounts show equity of €20k and a net result of €10k. 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).

Based on the State Gazette, CBE and 6 annual accounts.
Key figures
Equity €20k
Net result €10k
Active 14 yrs
Board 1
Financial profile 5 of 5 axes measured · computed by Checked
Health83Profitability100Solvency88Growth85Stability92
90 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 83
Profitability 100
Solvency 88
Growth 85
Stability 92
Bankruptcy probability (12 mo) Checked model v1 · free
4.5% Elevated
0%0,5%1,5%4%10%≥25%
Recent warning signals +No NACE activity registered +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
3 / 100
Low risk
Components
· 1 administrative flag (+3)
Trust signals 1 signals
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags1 events
Address struck
Health barometer FY 2023 · computed
83 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.
Financial overview9 NBB filings
Annual accounts filed on 11-12-2023 with the NBB · fiscal year 2023 · micro
€-20k€0€20k€40k€60kRevenue 2019: €63k€63kOperating result 2019: €8k€8kNet result 2019: €14k€14kOperating result 2020: €-4k€-4kNet result 2020: €6k€6kOperating result 2021: €-14k€-14kNet result 2021: €-9k€-9kOperating result 2022: €11k€11kNet result 2022: €11k€11kOperating result 2023: €10k€10kNet result 2023: €10k€10k20192020202120222023
RevenueOperating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile Too volatile to project: the yearly deviation from the trend is ~36% of the level (threshold 35%). We therefore deliberately show no projection line.
€-10k€0€10k€20k2018: €14k2019: €22k2020: €15k2021: €-1k2022: €10k2023: €20k201820192020202120222023
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Revenue
€63k
+63.4% 18-23
EBITDA
€18k
-6.3% 18-23
Net profit
€10k
-11.2% 18-23
Cash flow
€18k
-7.5% 18-23
Total assets
€29k
-11.5% 18-23
Equity
€20k
+95.4% 18-23
Working capital
€4k
- 18-23
Income taxes
€-411
- 18-23
Show 11 other metrics
Debt
€9k
-58.7% 18-23
Debt ≤ 1y
€9k
-58.7% 18-23
Current ratio
1.47
+234.4% 18-23
Quick ratio
0.70
+104.3% 18-23
Solvency
67.6%
+120.8% 18-23
Debt / equity
0.48
-78.8% 18-23
ROE
51.4%
-54.6% 18-23
ROA
34.7%
+0.3% 18-23
Net margin
22.1%
+54.2% 18-23
EBITDA margin
25.7%
- 18-23
Interest coverage
75.22
+58.1% 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA€18k
Net profit€10k
Cash flow€18k
Staff costs-
Income taxes-
Dividends-
Total assets€29k
Equity€20k
Debt€9k
of which ≤ 1y€9k
of which > 1y-
Working capital€4k
Employees (FTE)-
Ratios (computed)
2023
Current ratio1.47
Quick ratio0.70
Working capital ratio15.2%
Solvency67.6%
Debt / equity0.48
Long-term debt ratio-
Interest coverage75.22
Gross margin-
Net margin-
ROA34.7%
ROE51.4%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€29k
Fixed assets 21/28€15k
Tangible fixed assets 22/27€15k
Current assets 29/58€14k
Stocks & contracts in progress 3€7k
Amounts receivable within one year 40/41€5k
Cash & bank 54/58€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€29k
Equity 10/15€20k
Contributions / capital 10/11€6k
Reserves 13€2k
Accumulated profits (losses) 14€12k
Amounts payable 17/49€9k
Amounts payable within one year 42/48€9k
Trade debts payable within one year 44€4k
Income statement
Gross operating margin 9900€18k
Operating result 9901€10k
Financial charges 65€238
Result before taxes 9903€10k
Net result for the period 9904€10k
Result to be appropriated 9905€10k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 2 directors
Current directors & mandates
  • ISIKTEKIN MUSTAFA EVREN
    Director
    State Gazette act 24138156 (25-09-2024)
    Current
    12-09-2024 → present
Former directors (1)
  • Keskinbiçak Musa
    Director
    State Gazette act 23047172 (06-04-2023)
    Former
    01-01-2023 → 12-09-2024
    2 events
    • 12-09-2024 Resigned· Director
    • 01-01-2023 Appointed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Legal Structure
NACE primary -
Legal form Private limited company(610)
Incorporation20-10-2011
StatusActive
Postal code-
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23027G0323/00Y005 Flanders 524 m² 1 · 324 m² 19.2 m · 5 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 14 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
11-07-2025
KBO administration Address struck
2024
25-09-2024
State Gazette act Capital & shares
2023
11-12-2023
NBB filing Annual accounts filed
fiscal year 2023 · micro
20-04-2023
NBB filing Annual accounts filed
fiscal year 2022 · micro
06-04-2023
State Gazette act Capital & shares
KARUK
2022
28-03-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
02-02-2022
State Gazette act Capital & shares
26-01-2022
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
24-01-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
24-01-2020
NBB filing Annual accounts filed
fiscal year 2018 · verkort
24-01-2020
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2016
01-02-2016
NBB filing Annual accounts filed
fiscal year 2015 · volledig
01-02-2016
NBB filing Annual accounts filed
fiscal year 2014 · volledig
Lifecycle & Insolvency Signals1 events
11-07-2025
KBO administration Address struck
 · Publications in State Gazette ↗
Time machine, BS events + macro context 2021, 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-07-11 · KBO administration · Address struck
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgian State Gazette reading coverage 0 of 10 acts read

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.

Belgisch Staatsblad, acts 3 acts
Capital history · 3
25-09-2024
Capital change
06-04-2023
Capital change
02-02-2022
Capital change
All acts · 3 updated 1 year ago
2024
25-09-2024 All shares are now held by a single shareholder Capital & shares
Technical details 
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        }
      ],
      "decrease_purpose": null,
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    },
    {
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  ],
  "notary": {
    "name": null,
    "firm_city": null,
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    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2024-09-17",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": null,
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-09-12"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
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    "name_full": "KARUK",
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    "is_foreign_registered": false
  },
  "publication_proxy": {
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  "co_filed_documents": [],
  "shareholders_after": [
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    }
  ],
  "share_classes_after": []
}
2023
06-04-2023 Transaction in capital or shares Capital & shares·KARUK
Notary: KARUK · Brussel
Technical details 
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      "subscribers": [
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          "share_class": null,
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          "n_shares_subscribed": 90,
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  "notary": {
    "name": "KARUK",
    "firm_city": null,
    "firm_name": null,
    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2023-03-29",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2023-03-29",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2023-01-01"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0840.460.755",
    "name_full": "0840 460 755",
    "legal_form": "Besloten Vennootschap",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": 90.0,
      "kind": "person",
      "name": "Keskinbi\u00E7ak Musa",
      "role": "Bestuurder",
      "n_shares": 90,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": 10.0,
      "kind": "person",
      "name": "ISIKTEKIN MUSTAFA EVREN",
      "role": null,
      "n_shares": 10,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
2022
02-02-2022 Transaction in capital or shares Capital & shares
Technical details 
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    {
      "kind": "share_transfer",
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      "delta_eur": null,
      "before_eur": null,
      "subscribers": [
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        },
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    }
  ],
  "notary": {
    "name": null,
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    "office_city": "Brussel",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2022-02-02",
    "filing_date": "2022-01-26",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decision": {
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    "act_date": "2022-01-26",
    "unanimous": null,
    "under_authorized_capital": false,
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  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0840.460.755",
    "name_full": "KARUK",
    "legal_form": "Besloten Vennootschap",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
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  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
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      "kind": "person",
      "name": "Keskinbi\u00E7ak Musa",
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      "share_class": null
    },
    {
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      "kind": "person",
      "name": "ISIKTEKIN MUSTAFA EVREN",
      "role": "Bestuurder",
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  "share_classes_after": []
}
Credit advice verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
Company registry (CBE) Crossroads Bank
Names & trade names
Legal nameFR KARUK
Registration history
  1. 11-07-2025 Address struck
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative