KARWEIEN PASCAL
ActiveSummary
The computed 12-month bankruptcy probability of KARWEIEN PASCAL is 2.3% (moderate). The 2024 annual accounts show equity of €60k and a net result of €11k. Equity is growing by ~17.6% per year across the filed fiscal years. Its solvency ranks better than 89% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability88▼-5
Solvency100▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
2.3%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 5.77 against 2.51 in 2023; short-term debt: 15.8% and cash: 43.8% of total assets), and 16.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-08-2025, 12 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
12 d late
2023
29 d early
2022
30 d late
2021
48 d early
2020
32 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€60k▲ 23.3%
2023 · €49k
Total assets
€72k▼ 6.8%
2023 · €77k
Net result
€11k▼ 22.8%
2023 · €15k
Working capital
€55k▲ 28.7%
2023 · €42k
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
Line20202021202220232024
Operating result€28k-€27k▼ 5.7%€14k▼ 48.3%€22k▲ 56.6%€17k▼ 22.4%
Net result€20k-€18k▼ 9.5%€9k▼ 50.4%€15k▲ 67.3%€11k▼ 22.8%
Equity€24k-€41k▲ 75.2%€50k▲ 21.3%€49k▼ 2.9%€60k▲ 23.3%
Total assets€75k-€84k▲ 12.1%€76k▼ 9.7%€77k▲ 2.4%€72k▼ 6.8%
Debt€51k-€42k▼ 17.1%€25k▼ 40.0%€29k▲ 13.0%€12k▼ 58.0%
Working capital€15k-€33k▲ 118%€43k▲ 32.4%€42k▼ 2.3%€55k▲ 28.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 22% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €72k
Fixed assets
€6k ▼ 11.8%
Current assets
€66k ▼ 6.3%
Equity and liabilities €72k
Equity
€60k ▲ 23.3%
Debt
€12k ▼ 58.0%
Debt's share of the balance-sheet total falls from 37.1% to 16.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▼
2023 · €26k
Cash flow
€17k▼
2023 · €19k
Current ratio
5.77▲
2023 · 2.51
Quick ratio
5.24▲
2023 · 2.42
Debt to equity
0.20▼
2023 · 0.59
ROE
18.9%▼
2023 · 30.2%
ROA
15.8%▼
2023 · 19.0%
Interest coverage
21.84▲
2023 · 19.27
Debt ≤ 1 year
€11k▼
2023 · €28k
Income taxes
€5k▼
2023 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €6k | €6k | €5k | €5k | ▲ 14.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €121 | - |
| Other operating charges640/8 | - | €111 | €2k | €2k | €2k | ▼ 8.0% |
| Gross operating margin9900 | €35k | €33k | €21k | €28k | €24k | ▼ 15.0% |
| Operating profit (loss)9901 | €28k | €27k | €14k | €22k | €17k | ▼ 22.4% |
| Financial income75/76B | - | €61 | €196 | €77 | €124 | ▲ 60.7% |
| Recurring financial income75 | €216 | €61 | €196 | €77 | €124 | ▲ 60.7% |
| Financial charges65/66B | - | €541 | €988 | €1k | €1k | ▼ 25.8% |
| Recurring financial charges65 | €511 | €541 | €988 | €1k | €1k | ▼ 25.8% |
| Profit (loss) for the period before taxes9903 | €28k | €26k | €13k | €20k | €16k | ▼ 21.9% |
| Income taxes67/77 | €8k | €9k | €4k | €6k | €5k | ▼ 19.4% |
| Profit (loss) for the period9904 | €20k | €18k | €9k | €15k | €11k | ▼ 22.8% |
| Profit (loss) for the period to be appropriated9905 | €20k | €18k | €9k | €15k | €11k | ▼ 22.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €75k | €84k | €76k | €77k | €72k | ▼ 6.8% |
| Formation expenses20 | €96 | - | - | - | - | - |
| Fixed assets21/28 | €22k | €18k | €12k | €7k | €6k | ▼ 11.8% |
| Intangible fixed assets21 | €952 | €810 | €710 | €610 | €510 | ▼ 16.4% |
| Tangible fixed assets22/27 | €21k | €15k | €9k | €5k | €4k | ▼ 15.1% |
| Plant, machinery and equipment23 | - | €474 | €43 | €0 | - | - |
| Furniture and vehicles24 | - | €1k | €101 | €0 | €4k | - |
| Leasing and similar rights25 | - | €14k | €9k | €5k | €0 | ▼ 100% |
| Financial fixed assets28 | - | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €53k | €66k | €64k | €70k | €66k | ▼ 6.3% |
| Stocks and contracts in progress3 | - | - | €2k | €2k | €6k | ▲ 143% |
| Stocks30/36 | - | - | €2k | €2k | €6k | ▲ 143% |
| Amounts receivable within one year40/41 | €35k | €20k | €32k | €29k | €28k | ▼ 3.0% |
| Trade receivables40 | - | €20k | €28k | €24k | €23k | ▼ 3.8% |
| Other amounts receivable41 | - | €509 | €4k | €4k | €4k | ▲ 1.6% |
| Current investments50/53 | - | - | €21k | €34k | - | - |
| Cash at bank and in hand54/58 | €18k | €46k | €8k | €5k | €32k | ▲ 581% |
| Deferred charges and accrued income490/1 | - | - | €618 | €650 | €460 | ▼ 29.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €75k | €84k | €76k | €77k | €72k | ▼ 6.8% |
| Equity10/15 | €24k | €41k | €50k | €49k | €60k | ▲ 23.3% |
| Contributions10/11 | - | €5k | €5k | €5k | €5k | = |
| Reserves13 | €19k | €36k | €45k | €44k | €55k | ▲ 26.0% |
| Distributable reserves133 | - | €36k | €45k | €44k | €55k | ▲ 26.0% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €51k | €42k | €25k | €29k | €12k | ▼ 58.0% |
| Amounts payable after more than one year17 | €13k | €9k | €4k | €0 | - | - |
| Financial debts170/4 | - | €9k | €4k | €0 | - | - |
| Amounts payable within one year42/48 | €38k | €33k | €21k | €28k | €11k | ▼ 59.2% |
| Current portion of amounts payable after more than one year42 | - | €5k | €5k | €4k | €0 | ▼ 100% |
| Trade debts44 | €9k | €12k | €3k | €3k | €6k | ▲ 70.5% |
| Suppliers440/4 | - | €12k | €3k | €3k | €6k | ▲ 70.5% |
| Taxes, remuneration and social security45 | - | €3k | €1k | €1k | €445 | ▼ 59.4% |
| Taxes450/3 | - | €3k | €1k | €1k | €445 | ▼ 59.4% |
| Other amounts payable47/48 | - | €14k | €12k | €19k | €5k | ▼ 73.2% |
| Accrued charges and deferred income492/3 | - | - | €512 | €653 | €615 | ▼ 5.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €20k | €18k | €9k | €15k | €11k | ▼ 22.8% |
| + Depreciation and write-downs630 | €7k | €6k | €6k | €5k | €5k | ▲ 14.3% |
| Operating cash flow (approximation) | €26k | €24k | €15k | €19k | €17k | ▼ 13.9% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €0 | €-4k | - |
| Change in cash | - | €29k | €-38k | €-4k | €27k | ▲ 839% |
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
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
2024
31-12
Financial
Liquidity doublescurrent ratio 5.77
Current ratio from 2.51 to 5.77; short-term debt falls from €28k to €11k.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €9k ▼50.4%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
1 act for this company is 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, Brugge · 1 establishment unit since 2020
Ground area
658 m²
Building footprint
166 m²
Volume, LiDAR
980 m³
Parcel 31030A0201/00V024, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KARWEIEN PASCAL
since 20202.299.158.633
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0201/00V024 | Flanders | 658 m² | 1 · 166 m² | 11.3 m · 2 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.
Similar companies · same sector, comparable size
DS THERMIC
BE 0765.722.255
Pajottegem · Eq €60,162
B&C SERVICE BELGIUM
BE 0416.536.608
Geel · Eq €60,184
BNC Sanitair
BE 0798.950.396
Roeselare · Eq €60,245
VDO TECHNICS
BE 0459.288.961
Menen · Eq €60,256
ERICNCO
BE 0472.267.264
Beveren-Kruibeke-Zwijndrecht · Eq €60,041
Of 7,044 companies in sector 43221 we hold annual accounts for 3,472. 3,007 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43221Plumbing work
43211General electrical installation work
43331Floor and wall tiling
43341Painting of buildings
43910Bricklaying and masonry work
Scores and ratios are computed by Checked and are not a credit decision.