KARUL
ActiveKARUL has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €327k and a net result of €66k. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 76% of 9517 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2022
Profitability76▼-11
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 4.27 against 9.97 in 2022; short-term debt: 23.4% and cash: 94.8% of total assets), and 23.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2022
32 d late
2021
153 d late
2020
31 d late
2019
92 d late
2018
30 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€327k▲ 17.4%
2022 · €279k
2018: €111k
2019: €136k
2020: €189k
2021: €236k
2022: €279k
2018 → 2024
Total assets
€427k▲ 37.8%
2022 · €310k
2018: €132k
2019: €186k
2020: €219k
2021: €262k
2022: €310k
2018 → 2024
Net result
€66k▲ 7.7%
2022 · €62k
2018: €33k
2019: €48k
2020: €66k
2021: €62k
2022: €62k
2018 → 2024
Working capital
€327k▲ 17.4%
2022 · €279k
2018: €108k
2019: €133k
2020: €188k
2021: €236k
2022: €279k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222024Trend
Equity€136k-€189k▲ 39.5%€236k▲ 25.0%€279k▲ 17.8%€327k▲ 17.4%
Operating result€68k-€89k▲ 31.1%€85k▼ 4.7%€81k▼ 4.3%€92k▲ 13.9%
Net result€48k-€66k▲ 36.9%€62k▼ 6.0%€62k▼ 0.4%€66k▲ 7.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €92k in 2024, compared with €81k in 2022. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2024 in colour, 2022 as the grey bar beneath
Equity and liabilities €427k
Equity
€327k▲ 17.4%
Debt
€100k▲ 221%
The debt ratio rises from 10.0% to 23.4%. Equity and debt are higher.
Key figures and ratios
Solvency
76.6%▼
2022 · 90.0%
Current ratio
4.27▼
2022 · 9.97
Quick ratio
4.27▼
2022 · 9.97
Debt / equity
0.31▲
2022 · 0.11
ROE
20.3%▼
2022 · 22.2%
ROA
15.6%▼
2022 · 19.9%
Debt
€100k▲
2022 · €31k
Debt ≤ 1 year
€100k▲
2022 · €31k
Income taxes
€26k▲
2022 · €19k
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 · 2024 against 2022
Balance sheet
Code20222024
Assets
Total assets20/58€310k€427k▲
Current assets29/58€310k€427k▲
Amounts receivable within one year40/41€32k€21k▼
Trade receivables40€21k€21k▼
Other amounts receivable41€11k€0▼
Cash at bank and in hand54/58€277k€405k▲
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€310k€427k▲
Equity10/15€279k€327k▲
Contributions10/11€6k€6k=
Reserves13€272k€321k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€271k€319k▲
Amounts payable17/49€31k€100k▲
Amounts payable within one year42/48€31k€100k▲
Trade debts44€1k€942▼
Suppliers440/4€1k€942▼
Taxes, remuneration and social security45€11k€12k▲
Taxes450/3€8k€9k▲
Remuneration and social security454/9€3k€3k▲
Other amounts payable47/48€19k€87k▲
Accrued charges and deferred income492/3€55-
Income statement
Code20222024
Other operating charges640/8€257€800▲
Gross operating margin9900€81k€93k▲
Operating profit (loss)9901€81k€92k▲
Financial charges65/66B€335€194▼
Recurring financial charges65€335€194▼
Profit (loss) for the period before taxes9903€81k€92k▲
Income taxes67/77€19k€26k▲
Profit (loss) for the period9904€62k€66k▲
Profit (loss) for the period to be appropriated9905€62k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€62k€66k▲
Transfer from equity791/2€20k-
Transfer to equity691/2€62k€66k▲
To other reserves6921€62k€66k▲
Profit to be distributed694/7€20k-
Return on contributions (dividend)694€20k-
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Highest result since 2018net €66k ▲7.7%
Operating result €92k, net result €66k, both a record.
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 153 days late
2021
31-12
Financial
Equity above €200kEq €236k ▲25%
4 profitable years in a row build equity to €236k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 7.38
Current ratio from 3.68 to 7.38; short-term debt falls from €50k to €29k.
31-12
Financial
Equity above €150kEq €189k ▲39.5%
3 profitable years in a row build equity to €189k.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 61 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
31-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 153 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 31 days late
Financial 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, Gent · 1 establishment unit since 2013
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.
Ten Hulle 69052 GentGround area
785 m²
Building footprint
148 m²
Volume, LiDAR
955 m³
Parcel 44082C0406/00P000, Flanders · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ten Hulle 6, 9052 Gent
since 20132.219.331.987
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44082C0406/00P000 | Flanders | 785 m² | 1 · 148 m² | 10.1 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.
Recognitions · licences · registrations
Legal Entity Identifier
648800TOZN5UFFD0Y077
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Of 24,503 companies in sector 82990 we hold annual accounts for 9,402. 6,428 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-05-2013
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 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.