Equity
€327,037
KARUL has made a profit in every financial year since 2014.
KARUL
Lifetime
10 annual accounts with figures on one time axispeak €92,998 (2024)
€92,998
peak €66,461 (2024)
€66,461
peak €327,037 (2024)
€327,037
€99,899
Board1 name since 2021
1 directorCLAUS Kenneth
Documentsfilings and deeds
31-08-202531 days late
2024micro format
No figures for the year before
Key points
from the 2024 annual accountsFilings
10 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
€327,037
More equity than 86% of companies in office administrative support. Sector median €56,920 · 9,476 companies.
Checked score
57
Fair
Financially stronger than 74% of micro companies in office administrative support (NACE 82)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.4%▲ +0.2 percentage points vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.7%▲ +0.3 percentage points vs 07-2025highest value
09-2025: < 0.1%▼ -0.7 percentage points vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026lowest value
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: 0.1%▲ +0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
1 financial year not filed after the legal deadline; last filed accounts filed 31 days late; 3 of the last 3 accounts late
Figures for financial year 2024 (filed on 31-08-2025)
lowers risk
Liquidity: current ratio 4.27, cash €404,934
Equity €327,037 (76.6% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro). It does better than 88% of them on solvency, 86% on liquidity and 47% on profitability.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as KARUL has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of KARUL itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for KARUL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €18,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 4.27 (9.97 in 2022), above the usual 1.5. Short-term debt is 23.4% and cash 94.8% of total assets. 23.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
raises risk · 2024 accounts filed 31 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
31 days late
2022
32 days late
2021
153 days late
2020
31 days late
2019
92 days late
2018
30 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 62 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0534532158
Change of role: CLAUS Kenneth, from manager to director
Director discharge: CLAUS Kenneth · General meeting of 24-03-2023 · Gazette deed
Incorporation
published on 28-05-2013 · Gazette deed
First establishment
Ten Hulle 6, Ghent
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KARUL Ghent | €426,936 | €92,998 | 76.6% | - |
| GARRULUS Ghent | €414,833 | €106,256 | 71.5% | - |
| SERVCO Zottegem | €408,789 | €78,248 | 93.0% | - |
| GALENO Nazareth-De Pinte | €368,461 | €103,793 | 92.4% | - |
| Rebucon Gistel | €414,479 | €94,095 | 35.1% | 0 |
| Holding Immo Quatro Manage | €395,246 | €104,057 | 24.8% | - |
| DERMADOK Antwerp | €370,210 | €97,745 | 0.5% | - |
These companies have the same main activity as KARUL: other business support services (NACE 82990). They are comparable in size and age: total assets between €368,000 and €415,000, founded between 2012 and 2014.
Official details
Source: KBO- Status
- Active since 02-05-2013Normal situation
- Activity
- Other business support servicesNACE 82990
- Establishment unit
- 2.219.331.9879052 Ghent, since 02-05-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 12-12-2025
Insights on KARUL
KARUL files the micro format. That format states no turnover. The gross margin rose from €46,290 in 2014 to €92,998 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KARUL
- What is the company number of KARUL?
- The company number of KARUL is 0534.532.158. The VAT number is the same number with BE in front: BE 0534.532.158.
- Where is KARUL based?
- The registered office is at Ten Hulle 6, 9052 Ghent.Company details
- What does KARUL do?
- According to the KBO register, the main activity is other business support services (NACE 82990).
- What is the legal form of KARUL?
- KARUL is a private limited company (BV).
- When was KARUL founded?
- KARUL was founded on 02-05-2013.
- Is KARUL still active?
- Yes, KARUL is an active enterprise in the KBO register.
- What is the turnover of KARUL?
- The turnover in financial year 2024 is ≈ €190,000. This figure is estimated from the gross margin of €92,998 and 36 comparable companies (NACE 82). It probably lies between €150,000 and €260,000.Financials
- Is KARUL profitable?
- In financial year 2024, KARUL made a profit of €66,461.
- Where can I find the annual accounts of KARUL?
- KARUL filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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