S. KARAN
ActiveS. KARAN has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €27k and a net result of €4k. Equity is growing by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 1433 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.5% (low).
Checked score
Score 2025
80
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▲+2
Solvency46▼-54
Growth68▲+7
Stability100
Bankruptcy probability, 12 months
1.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 8.72 against 3.49 in 2024), but 81.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18.6%
Return on assets
2.6%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-05-2026, 77 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
77 d early
2024
12 d late
2023
61 d late
2022
38 d late
2020
90 d late
2019
65 d late
2018
43 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
04-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€941k▲ 146%
2024 · €382k
2023: €336k
2024: €382k
2023 → 2025
EBIT margin
0.8%▼ 2.4pp
2024 · 3.3%
2023: 3.1%
2024: 3.3%
2023 → 2025
Net result
€4k▲ 44.6%
2024 · €3k
2023: €9k
2024: €3k
2023 → 2025
Working capital
€121k▲ 266%
2024 · €33k
2023: €19k
2024: €33k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€336k-€382k▲ 13.7%€941k▲ 146%
Equity€19k-€35k▲ 80.0%€27k▼ 22.0%
Operating result€10k-€13k▲ 21.1%€8k▼ 36.8%
Net result€9k-€3k▼ 70.1%€4k▲ 44.6%
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 37% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €146k
Fixed assets
€9k▲ 465%
Current assets
€137k▲ 195%
Equity and liabilities €146k
Equity
€27k▼ 22.0%
Debt
€119k▲ 798%
The debt ratio rises from 27.6% to 81.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€9k
Cash flow
€5k
Solvency
18.6%▼
2024 · 72.4%
Current ratio
8.72▲
2024 · 3.49
Quick ratio
1.23▲
2024 · 0.62
Debt / equity
4.39▲
2024 · 0.38
ROE
13.9%▲
2024 · 7.5%
ROA
2.6%▼
2024 · 5.4%
Interest coverage
5.18
Debt
€119k▲
2024 · €13k
Debt ≤ 1 year
€16k▲
2024 · €13k
Debt > 1 year
€103k
Income taxes
€2k▼
2024 · €10k
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
Total assets
20/58€48k€146k▲
Fixed assets
21/28€2k€9k▲
Intangible fixed assets
21-€4k
Tangible fixed assets
22/27-€4k
Financial fixed assets
28€2k€2k=
Current assets
29/58€46k€137k▲
Stocks & contracts in progress
3€38k€117k▲
Amounts receivable within one year
40/41€126€10k▲
Cash & bank
54/58€8k€8k▼
Total equity & liabilities
10/49€48k€146k▲
Equity
10/15€35k€27k▼
Contributions / capital
10/11€30k€19k▼
Accumulated profits (losses)
14€5k€9k▲
Amounts payable
17/49€13k€119k▲
Amounts payable after one year
17-€103k
Amounts payable within one year
42/48€13k€16k▲
Trade debts payable within one year
44€1k€8k▲
Income statement
Code20242025
Turnover
70€382k€941k▲
Gross operating margin
9900€20k€15k▼
Operating result
9901€13k€8k▼
Financial charges
65€215€2k▲
Result before taxes
9903€12k€6k▼
Income taxes
67/77€10k€2k▼
Net result for the period
9904€3k€4k▲
Result to be appropriated
9905€3k€4k▲
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity doublescurrent ratio 8.72
Current ratio from 3.49 to 8.72.
12-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 12 days late
13-01
State Gazette act
Director changes
2024
31-12
Financial
Weakest financial yearnet €3k ▼70.1%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
07-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 38 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
04-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 65 days late
2019
12-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 43 days late
2018
23-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 54 days late
2017
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
1 director, last change in 2025
Karanveer singh
CurrentDirector · since 02-01-2025
02-01-2025
Appointed as Director
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Ganshoren · 2 establishment units since 2007
Ground area
316 m²
Building footprint
242 m²
Volume, LiDAR
2,354 m³
2 parcels, Brussels · tallest building 18.5 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
S. KARAN
since 20072.166.542.510
S. KARAN
since 20252.368.006.560
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0329/00F003 | Brussels | 184 m² | 1 · 162 m² | 15.9 m · 3 fl. |
| 21392B0093/00R003 | Brussels | 132 m² | 1 · 80 m² | 18.5 m · 4 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.
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TSL COMPANY
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VAPECRAFT
BE 0791.693.115
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Michel
BE 0466.693.031
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Of 413 companies in sector 47260 we hold annual accounts for 249. 188 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-01-2006
Fiscal year end31-12
Activities, NACEBEL
47260Retail trade
52113
47110Non-specialised retail sale with food, beverages or tobacco predominating
47113Retail trade
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-08-2026. Scores and ratios are computed by Checked and are not a credit decision.