KHAR
ActiveSummary
KHAR has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,947) and a net result of -€5,872. Equity fluctuates too strongly from year to year to read a trend from it. The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 13-10-2008 Normal situation
- Registered office
- 12 active companies are registered at this address Source: KBO register, as of 2 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.174.563.222 6060 Charleroi, since 13-10-2008
- Financial year end
- 31 December
- Peppol
- Reachable since 07-08-2026
Board and ownership
- LOR MANAGEMENTDirector
- GILLY IMM100%· score 942025 annual accounts of GILLY IMM
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- -€5,411
- ▼ 1,298%
- Loss
- €5,872
- ▲ 720%
- Equity
- -€4,947
- Total assets
- €53
- ▼ 98.8%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€4,947Loss of €5,872, the second in a row (financial year 2025)No main activity registeredlowers riskSize: total assets €53Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 (no NACE code, micro). It does better than 5% of them on solvency, 35% on liquidity, 4% on profitability and 0% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 16 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 17 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €5,411, larger than the loss of €387 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
Use the arrow keys on the chart for the figures per year.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | €200 | €4,262 | - | - | - | - |
| Non-recurring operating charges66A | - | - | - | - | €4 | - | - | - | - |
| Gross operating margin9900 | -€607 | €5,331 | €6,555 | €3,316 | -€5,000 | -€771 | -€387 | -€5,411 | ▼ 1,298% |
| Operating profit (loss)9901 | -€7,714 | -€454 | €6,555 | €3,116 | -€9,267 | -€771 | -€387 | -€5,411 | ▼ 1,298% |
| Financial charges65/66B | - | - | - | €268 | €275 | €400 | €330 | €461 | ▲ 39.9% |
| Recurring financial charges65 | €90 | €144 | €210 | €198 | €275 | €400 | €330 | €461 | ▲ 39.9% |
| Non-recurring financial charges66B | - | - | - | €71 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€7,804 | -€599 | €6,345 | €2,848 | -€9,542 | -€1,171 | -€717 | -€5,872 | ▼ 720% |
| Income taxes67/77 | - | - | €1,620 | €760 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€7,804 | -€599 | €4,725 | €2,088 | -€9,542 | -€1,171 | -€717 | -€5,872 | ▼ 720% |
| Profit (loss) for the period to be appropriated9905 | -€7,804 | -€599 | €4,725 | €2,088 | -€9,542 | -€1,171 | -€717 | -€5,872 | ▼ 720% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €10,953 | €7,425 | €12,770 | €37,917 | €9,290 | €8,602 | €4,318 | €53 | ▼ 98.8% |
| Fixed assets21/28 | €4 | €4 | €4 | €4 | - | - | - | - | - |
| Financial fixed assets28 | €4 | €4 | €4 | €4 | - | - | - | - | - |
| Current assets29/58 | €10,949 | €7,421 | €12,766 | €37,913 | €9,290 | €8,602 | €4,318 | €53 | ▼ 98.8% |
| Amounts receivable within one year40/41 | €7,018 | €1,233 | €12,633 | €37,526 | €9,290 | €8,540 | €4,235 | - | - |
| Trade receivables40 | - | - | - | €5,208 | €4,305 | €4,305 | - | - | - |
| Other amounts receivable41 | - | - | - | €32,318 | €4,985 | €4,235 | €4,235 | - | - |
| Cash at bank and in hand54/58 | €3,931 | €2,712 | €133 | €387 | - | €62 | €83 | €53 | ▼ 36.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €10,953 | €7,425 | €12,770 | €37,917 | €9,290 | €8,602 | €4,318 | €53 | ▼ 98.8% |
| Equity10/15 | -€3,859 | €5,542 | €10,268 | €12,355 | €2,813 | €1,642 | €926 | -€4,947 | - |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €13,055 | €13,055 | €13,055 | €13,055 | €13,055 | €13,055 | €13,055 | €13,055 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €11,195 | €11,195 | €11,195 | €11,195 | €11,195 | = |
| Profit (loss) carried forward14 | -€23,114 | -€13,713 | -€8,988 | -€6,900 | -€16,442 | -€17,613 | -€18,330 | -€24,202 | ▼ 32.0% |
| Amounts payable17/49 | €14,812 | €1,883 | €2,503 | €25,561 | €6,476 | €6,960 | €3,392 | €4,999 | ▲ 47.4% |
| Amounts payable within one year42/48 | €14,812 | €883 | €2,503 | €25,561 | €6,476 | €6,960 | €3,392 | €4,999 | ▲ 47.4% |
| Financial debts43 | - | - | - | - | €5 | - | - | - | - |
| Credit institutions430/8 | - | - | - | - | €5 | - | - | - | - |
| Trade debts44 | - | - | - | €5,499 | €5,375 | €5,424 | €1,506 | €400 | ▼ 73.5% |
| Suppliers440/4 | - | - | - | €5,499 | €5,375 | €5,424 | €1,506 | €400 | ▼ 73.5% |
| Taxes, remuneration and social security45 | - | - | - | €2,380 | €760 | - | - | - | - |
| Taxes450/3 | - | - | - | €2,380 | €760 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €17,683 | €336 | €1,536 | €1,886 | €4,600 | ▲ 144% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,804 | -€599 | €4,725 | €2,088 | -€9,542 | -€1,171 | -€717 | -€5,872 | ▼ 720% |
| Operating cash flow (approximation) | -€7,804 | -€599 | €4,725 | €2,088 | -€9,542 | -€1,171 | -€717 | -€5,872 | ▼ 720% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - | - | - | - |
| Change in cash | - | -€1,219 | -€2,579 | €254 | - | - | €20 | -€30 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,907 companies had the same profile as KHAR has now. Two years later, 5.8% had gone bankrupt and 85.5% were still going.
- Micro
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KHAR itself is lower: 1.0% within 12 months. It rests on far more data about KHAR than the profile alone.
Test of the method
The method was tested on the 497,446 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 6,907 companies, not a prediction for KHAR. 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.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-07-2026 | 2026-00358327 | |
| 31-12-2024 | full format | 29-07-2025 | 2025-00326048 | |
| 31-12-2023 | full format | 30-08-2024 | 2024-00421025 | |
| 31-12-2022 | full format | 31-07-2023 | 2023-00313149 | |
| 31-12-2021 | full format | 31-07-2022 | 2022-20269517 | |
| 31-12-2020 | full format | 31-07-2021 | 2021-45400114 | |
| 31-12-2019 | full format | 27-10-2020 | 2020-63600234 | |
| 31-12-2018 | full format | 31-08-2019 | 2019-60300601 | |
| 31-12-2017 | micro format | 20-07-2018 | 2018-38400193 | |
| 31-12-2016 | full format | 19-07-2017 | 2017-32400478 |
Board & ownership
Directors
Owners and capital
Shareholders
1 ownerChain of control
- GILLY IMM
- KHAR
Owners 1
- GILLY IMMparentSourceaccounts GILLY IMM 2025Equity €962,323 Profit of €186,883 in 2025 (profit of €17,197 in 2024) Checked score 94100%
Network & group
Connections & network
1 current directorThe network starts from the directors of KHAR. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52342B0493/00F000 | Wallonia | 1,763 m² | 1 · 233 m² | 13.2 m · 4 |