Equity
€301,309 ▲ 101%
Equity rose in 2025 from €149,630 to €301,309.
KARLIS
Lifetime
20 annual accounts with figures on one time axispeak €270,259 (2010)
€268,619▲ 115%
lowest -€78,441 (2008)
€151,678▲ 279%
peak €1.1m (2019)
€301,309▲ 101%
€280,268▼ 23.7%
peak 0 FTE (2016)
-not published
Board4 names since 2021
2 directorsLILAND and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
25-08-202625 days late
2025abbreviated format
Gross margin from €124,682 to €268,619Result from €40,015 to €151,678Appointment: Mathieu Maertens (director) 08-08Equity from €149,630 to €301,309Debts from €367,378 to €280,268Investments €106,301
Key points
from the 2025 annual accountsInvestments
€106,301 2.3 × depreciation
Green is investment, beige is depreciation. Machinery stands 572.8% higher than in 2024.
Filings
20 annual accounts since 2006
Four of the last ten came late. The 2020 accounts came latest: 31 days after the end of the period.
Net result +279%: one-off income
Checked score
96
Excellent
Financially stronger than 69% of micro companies in electricity, gas and steam (NACE 35)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 542 companies (NACE 35, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged 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 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026highest value
09-2026: < 0.1%▼ -0.2 percentage points vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Size: total assets €621,540
Founded in 2005
Liquidity: current ratio 0.51, cash €105,529
Figures for financial year 2025 (filed on 25-08-2026)
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 35, micro). It does better than 57% of them on solvency, 37% on liquidity, 91% on profitability and 93% on growth.
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 31-12-2025.
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, 20,137 companies had the same profile as KARLIS has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of KARLIS 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 20,137 companies, not a prediction for KARLIS. 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 €25,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.51 (0.27 in 2024), below 1. Short-term debt is 45.1% and cash 17% of total assets. 51.5% 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
6 signals, none raises the risk
Six signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €301,309
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
25 days late
2024
34 days early
2023
15 days early
2022
24 days early
2021
16 days late
2020
31 days late
2019
32 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 5 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Verwijderen van vrijstaande gebouwen · Beernem
Appointment: Mathieu Maertens (director)
Permanent representative: Lise Vincke · General meeting of 15-07-2025 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Verwijderen van vrijstaande gebouwen · Beernem
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0875353734
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KARLIS Beernem | €0.6m | €268,619 | 48.5% | - |
| DEN ADELAAR Zedelgem | €1.0m | €188,672 | 45.5% | - |
| IVIN Harelbeke | €1.7m | €188,948 | 53.5% | - |
| KT WIND BEVEREN Sint-Gillis-Waas | €1.1m | €126,605 | 71.0% | - |
| ENERCITY Villers-le-Bouillet | €1.4m | €135,465 | 97.8% | - |
| BUILDING SOLAR II Kruisem | €0.7m | €266,672 | 28.5% | 0 |
| EL² Sint-Pieters-Leeuw | €1.1m | €98,421 | 50.5% | - |
These companies have the same main activity as KARLIS: electricity, gas, steam and air conditioning supply (NACE 35150). They are comparable in size and age: total assets between €698,000 and €1.7m, founded between 2000 and 2013.
Official details
Source: KBO- Status
- Active since 01-08-2005Normal situation
- Activity
- Electricity, gas, steam and air conditioning supplyNACE 35150and 3 others
- Establishment unit
- 2.384.611.8718730 Beernem, since 01-08-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 28-05-2025
Insights on KARLIS
KARLIS files the abbreviated format. That format states no turnover. The gross margin rose from €46,212 in 2006 to €268,619 in 2025.
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 KARLIS
- What is the company number of KARLIS?
- The company number of KARLIS is 0875.353.734. The VAT number is the same number with BE in front: BE 0875.353.734.
- Where is KARLIS based?
- The registered office is at Zomerstraat-Oost 22, 8730 Beernem.Company details
- What does KARLIS do?
- According to the KBO register, the main activity is electricity, gas, steam and air conditioning supply (NACE 35150).
- What is the legal form of KARLIS?
- KARLIS is a public limited company (NV).
- When was KARLIS founded?
- KARLIS was founded on 01-08-2005.
- Is KARLIS still active?
- Yes, KARLIS is an active enterprise in the KBO register.
- What is the turnover of KARLIS?
- The turnover in financial year 2025 is ≈ €630,000. This figure is estimated from the gross margin of €268,619 and 2,275 comparable companies of the same size. It probably lies between €380,000 and €1.1m. It is a rough estimate.Financials
- Is KARLIS profitable?
- In financial year 2025, KARLIS made a profit of €151,678.
- Where can I find the annual accounts of KARLIS?
- KARLIS filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KARLIS due?
- KARLIS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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