Karwij
ActiveKarwij has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €31k and a net result of €5k. Equity is growing by ~28.6% per year across the filed fiscal years. Its solvency ranks better than 75% of 18173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
80
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-18
Solvency89▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 1.81 against 2.17 in 2024; short-term debt: 36.2% and cash: 46.2% of total assets), and 36.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← 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 · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-12-2025, 60 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
60 d early
2024
on the day
2023
15 d early
2022
7 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€31k▲ 5.9%
2024 · €30k
2022: €15k
2023: €16k
2024: €30k
2022 → 2025
Total assets
€49k▲ 1.6%
2024 · €48k
2022: €38k
2023: €33k
2024: €48k
2022 → 2025
Net result
€5k▼ 69.7%
2024 · €17k
2022: €-9k
2023: €1k
2024: €17k
2022 → 2025
Working capital
€14k▼ 34.4%
2024 · €22k
2022: €4k
2023: €5k
2024: €22k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€15k-€16k▲ 7.9%€30k▲ 86.5%€31k▲ 5.9%
Operating result€-8k-€1k€18k▲ 1,316%€7k▼ 58.4%
Net result€-9k-€1k€17k▲ 1,365%€5k▼ 69.7%
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 2025; 2025 is 58% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €49k
Fixed assets
€17k▲ 120%
Current assets
€32k▼ 20.9%
Equity and liabilities €49k
Equity
€31k▲ 5.9%
Debt
€18k▼ 5.2%
The debt ratio falls from 38.8% to 36.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€11k▼
2024 · €21k
Cash flow
€9k▼
2024 · €20k
Solvency
63.8%▲
2024 · 61.2%
Current ratio
1.81▼
2024 · 2.17
Quick ratio
1.81▼
2024 · 2.17
Debt / equity
0.57▼
2024 · 0.63
ROE
16.5%▼
2024 · 57.6%
ROA
10.5%▼
2024 · 35.3%
Interest coverage
46.60▼
2024 · 530.17
Debt
€18k▼
2024 · €19k
Debt ≤ 1 year
€18k▼
2024 · €19k
Income taxes
€2k▲
2024 · €775
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€48k€49k▲
Fixed assets21/28€8k€17k▲
Tangible fixed assets22/27€7k€17k▲
Plant, machinery and equipment23€7k€17k▲
Financial fixed assets28€500€500=
Current assets29/58€41k€32k▼
Amounts receivable within one year40/41€4k€5k▲
Trade receivables40€3k€5k▲
Other amounts receivable41€777€571▼
Cash at bank and in hand54/58€35k€23k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€48k€49k▲
Equity10/15€30k€31k▲
Contributions10/11€1k€1k=
Reserves13€29k€30k▲
Non-distributable reserves130/1€100€100=
Reserves not available under the articles1311€100€100=
Distributable reserves133€29k€30k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€19k€18k▼
Amounts payable within one year42/48€19k€18k▼
Trade debts44€2k€518▼
Suppliers440/4€2k€518▼
Taxes, remuneration and social security45€1k€2k▲
Taxes450/3€1k€2k▲
Other amounts payable47/48€16k€15k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€913€930▲
Gross operating margin9900€22k€12k▼
Operating profit (loss)9901€18k€7k▼
Financial income75/76B€39€3▼
Recurring financial income75€39€3▼
Financial charges65/66B€40€244▲
Recurring financial charges65€40€244▲
Profit (loss) for the period before taxes9903€18k€7k▼
Income taxes67/77€775€2k▲
Profit (loss) for the period9904€17k€5k▼
Profit (loss) for the period to be appropriated9905€17k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€10k€5k▼
Profit (loss) brought forward from the previous period14P€-7k€0▲
Transfer to equity691/2€6k€2k▼
To contributions691-€2k
To other reserves6921€6k€0▼
Profit to be distributed694/7€3k€3k▲
Return on contributions (dividend)694€3k€3k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
02-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Highest result since 2022net €17k ▲1365%
Operating result €18k, net result €17k, both a record.
16-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
24-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Laarne · 2 establishment units since 2008
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.
Lepelstraat 339270 LaarneGround area
1,218 m²
Building footprint
397 m²
Volume, LiDAR
2,828 m³
2 parcels, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Karwij
since 20082.169.690.060
Lepelstraat 43, 9270 Laarne
since 20202.360.619.714
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42010C0038/00B002 | Flanders | 723 m² | 1 · 203 m² | 12.2 m · 3 fl. |
| 42010C0043/00G000 | Flanders | 496 m² | 1 · 194 m² | 12.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 428 companies in sector 47553 we hold annual accounts for 170. 111 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-03-2008
Fiscal year end30-06
Activities, NACEBEL
47553Retail trade
47593Retail trade
82300Organisation of conventions and trade shows
85599Other education
86906Human health activities
86909Human health activities
86940Nursing and midwifery
86995Nutrition and dietetics services
96040Personal service activities
96230Day spas, saunas and steam baths
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.