VAN KARJAN
ActiveSummary
VAN KARJAN has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €827k and a net result of €140k. Equity is growing by ~27% per year across the filed fiscal years. Its solvency ranks better than 63% of 9234 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+1
Solvency73▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 1.6 against 1.5 in 2024; short-term debt: 9.3% and cash: 14.5% of total assets), but 52.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
47.5%
Return on assets
8.1%
Age of the figures
9 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 07-07-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
on the day
2023
28 d late
2022
11 d early
2021
30 d late
2020
23 d late
2019
31 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€827k▲ 20.4%
2024 · €687k
2018: €172klowest in 8 years
2019: €193k▲ +11.9% vs 2018
2020: €222k▲ +14.9% vs 2019
2021: €300k▲ +35.2% vs 2020
2022: €435k▲ +45.3% vs 2021
2023: €557k▲ +28.0% vs 2022
2024: €687k▲ +23.2% vs 2023
2025: €827k▲ +20.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€1.74M▼ 0.2%
2024 · €1.74M
2018: €1.58Mlowest in 8 years
2019: €2.00M▲ +26.4% vs 2018highest in 8 years
2020: €1.92M▼ -3.9% vs 2019
2021: €1.84M▼ -4.2% vs 2020
2022: €1.82M▼ -1.0% vs 2021
2023: €1.77M▼ -2.6% vs 2022
2024: €1.74M▼ -1.7% vs 2023
2025: €1.74M▼ -0.2% vs 2024
2018 → 2025
Net result
€140k▲ 8.5%
2024 · €129k
2018: €23k
2019: €21k▼ -9.4% vs 2018lowest in 8 years
2020: €29k▲ +40.0% vs 2019
2021: €78k▲ +171% vs 2020
2022: €136k▲ +73.9% vs 2021
2023: €122k▼ -10.2% vs 2022
2024: €129k▲ +6.1% vs 2023
2025: €140k▲ +8.5% vs 2024highest in 8 years
2018 → 2025
Working capital
€97k▲ 16.7%
2024 · €83k
2018: €51k
2019: €-105k▼ -306% vs 2018
2020: €-261k▼ -149% vs 2019lowest in 8 years
2021: €-154k▲ +41.1% vs 2020
2022: €-97k▲ +36.9% vs 2021
2023: €-17k▲ +82.2% vs 2022
2024: €83k▲ +581% vs 2023
2025: €97k▲ +16.7% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€300k-€435k▲ 45.3%€557k▲ 28.0%€687k▲ 23.2%€827k▲ 20.4%
2021: €300klowest in 5 years
2022: €435k▲ +45.3% vs 2021
2023: €557k▲ +28.0% vs 2022
2024: €687k▲ +23.2% vs 2023
2025: €827k▲ +20.4% vs 2024highest in 5 years
Operating result€117k-€192k▲ 64.0%€196k▲ 2.2%€205k▲ 4.2%€205k▲ 0.2%
2021: €117klowest in 5 years
2022: €192k▲ +64.0% vs 2021
2023: €196k▲ +2.2% vs 2022
2024: €205k▲ +4.2% vs 2023
2025: €205k▲ +0.2% vs 2024highest in 5 years
Net result€78k-€136k▲ 73.9%€122k▼ 10.2%€129k▲ 6.1%€140k▲ 8.5%
2021: €78klowest in 5 years
2022: €136k▲ +73.9% vs 2021
2023: €122k▼ -10.2% vs 2022
2024: €129k▲ +6.1% vs 2023
2025: €140k▲ +8.5% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 0% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.74M
Fixed assets
€1.48M ▼ 0.8%
Current assets
€259k ▲ 4.0%
Equity and liabilities €1.74M
Equity
€827k ▲ 20.4%
Debt
€914k ▼ 13.5%
Debt's share of the balance-sheet total falls from 60.6% to 52.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€318k▲
2024 · €316k
Cash flow
€253k▲
2024 · €241k
Current ratio
1.60▲
2024 · 1.50
Debt to equity
1.11▼
2024 · 1.54
ROE
17.0%▼
2024 · 18.8%
ROA
8.1%▲
2024 · 7.4%
Interest coverage
12.88▲
2024 · 8.14
Debt ≤ 1 year
€163k▼
2024 · €167k
Debt > 1 year
€745k▼
2024 · €885k
Income taxes
€40k▲
2024 · €36k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.74M€1.74M▼
Fixed assets21/28€1.49M€1.48M▼
Intangible fixed assets21€355€85▼
Tangible fixed assets22/27€1.49M€1.48M▼
Land and buildings22€1.49M€1.38M▼
Assets under construction and advance payments27-€100k
Current assets29/58€250k€259k▲
Amounts receivable within one year40/41€12k€6k▼
Other amounts receivable41€12k€6k▼
Cash at bank and in hand54/58€237k€253k▲
Deferred charges and accrued income490/1€266€266=
Equity and liabilities
Total equity and liabilities10/49€1.74M€1.74M▼
Equity10/15€687k€827k▲
Contributions10/11€19k€19k=
Reserves13€668k€808k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€666k€806k▲
Amounts payable17/49€1.06M€914k▼
Amounts payable after more than one year17€885k€745k▼
Financial debts170/4€885k€745k▼
Amounts payable within one year42/48€167k€163k▼
Current portion of amounts payable after more than one year42€138k€139k▲
Trade debts44€989€972▼
Suppliers440/4€989€972▼
Taxes, remuneration and social security45€20k€19k▼
Taxes450/3€20k€19k▼
Other amounts payable47/48€7k€3k▼
Accrued charges and deferred income492/3€6k€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€111k€113k▲
Gross operating margin9900€316k€318k▲
Operating profit (loss)9901€205k€205k▲
Financial charges65/66B€39k€25k▼
Recurring financial charges65€39k€25k▼
Profit (loss) for the period before taxes9903€166k€180k▲
Income taxes67/77€36k€40k▲
Profit (loss) for the period9904€129k€140k▲
Profit (loss) for the period to be appropriated9905€129k€140k▲
Appropriation of the result
Profit (loss) to be appropriated9906€129k€140k▲
Transfer to equity691/2€129k€140k▲
To other reserves6921€129k€140k▲
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €103k | €109k | €111k | €111k | €113k | ▲ 1.0% |
| Other operating charges640/8 | €141k | - | - | - | - | - |
| Gross operating margin9900 | €361k | €301k | €307k | €316k | €318k | ▲ 0.5% |
| Operating profit (loss)9901 | €117k | €192k | €196k | €205k | €205k | ▲ 0.2% |
| Financial income75/76B | €1 | - | €0 | - | - | - |
| Recurring financial income75 | €1 | - | €0 | - | - | - |
| Financial charges65/66B | €18k | €18k | €41k | €39k | €25k | ▼ 36.4% |
| Recurring financial charges65 | €18k | €18k | €41k | €39k | €25k | ▼ 36.4% |
| Profit (loss) for the period before taxes9903 | €99k | €175k | €156k | €166k | €180k | ▲ 8.8% |
| Income taxes67/77 | €21k | €39k | €34k | €36k | €40k | ▲ 10.0% |
| Profit (loss) for the period9904 | €78k | €136k | €122k | €129k | €140k | ▲ 8.5% |
| Profit (loss) for the period to be appropriated9905 | €78k | €136k | €122k | €129k | €140k | ▲ 8.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.84M | €1.82M | €1.77M | €1.74M | €1.74M | ▼ 0.2% |
| Fixed assets21/28 | €1.75M | €1.69M | €1.60M | €1.49M | €1.48M | ▼ 0.8% |
| Intangible fixed assets21 | €1k | €895 | €625 | €355 | €85 | ▼ 76.0% |
| Tangible fixed assets22/27 | €1.75M | €1.69M | €1.60M | €1.49M | €1.48M | ▼ 0.8% |
| Land and buildings22 | €1.75M | €1.69M | €1.60M | €1.49M | €1.38M | ▼ 7.5% |
| Assets under construction and advance payments27 | - | - | - | - | €100k | - |
| Current assets29/58 | €89k | €129k | €177k | €250k | €259k | ▲ 4.0% |
| Amounts receivable within one year40/41 | €31k | €1k | €15k | €12k | €6k | ▼ 49.5% |
| Trade receivables40 | - | - | €8k | - | - | - |
| Other amounts receivable41 | €31k | €1k | €7k | €12k | €6k | ▼ 49.5% |
| Cash at bank and in hand54/58 | €58k | €128k | €162k | €237k | €253k | ▲ 6.7% |
| Deferred charges and accrued income490/1 | - | €268 | €266 | €266 | €266 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.84M | €1.82M | €1.77M | €1.74M | €1.74M | ▼ 0.2% |
| Equity10/15 | €300k | €435k | €557k | €687k | €827k | ▲ 20.4% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €281k | €417k | €539k | €668k | €808k | ▲ 21.0% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €279k | €415k | €537k | €666k | €806k | ▲ 21.1% |
| Amounts payable17/49 | €1.54M | €1.39M | €1.22M | €1.06M | €914k | ▼ 13.5% |
| Amounts payable after more than one year17 | €1.30M | €1.16M | €1.02M | €885k | €745k | ▼ 15.7% |
| Financial debts170/4 | €1.30M | €1.16M | €1.02M | €885k | €745k | ▼ 15.7% |
| Amounts payable within one year42/48 | €243k | €226k | €194k | €167k | €163k | ▼ 2.4% |
| Current portion of amounts payable after more than one year42 | €137k | €137k | €138k | €138k | €139k | ▲ 0.5% |
| Trade debts44 | €13k | €1k | €1k | €989 | €972 | ▼ 1.7% |
| Suppliers440/4 | €13k | €1k | €1k | €989 | €972 | ▼ 1.7% |
| Taxes, remuneration and social security45 | €48k | €40k | €19k | €20k | €19k | ▼ 4.6% |
| Taxes450/3 | €48k | €40k | €19k | €20k | €19k | ▼ 4.6% |
| Other amounts payable47/48 | €46k | €48k | €36k | €7k | €3k | ▼ 52.0% |
| Accrued charges and deferred income492/3 | - | - | - | €6k | €6k | ▲ 3.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78k | €136k | €122k | €129k | €140k | ▲ 8.5% |
| + Depreciation and write-downs630 | €103k | €109k | €111k | €111k | €113k | ▲ 1.0% |
| Operating cash flow (approximation) | €181k | €245k | €233k | €241k | €253k | ▲ 5.0% |
| Investment in fixed assets (approximation) | - | €-51k | €-15k | €-8k | €-100k | ▼ 1,206% |
| Change in cash | - | €69k | €34k | €75k | €16k | ▼ 78.8% |
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
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €140k ▲8.5%
Operating result €205k, net result €140k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
31-12
Financial
Equity above €500kEq €557k ▲28%
6 profitable years in a row build equity to €557k.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
31-12
Financial
Equity above €200kEq €222k ▲14.9%
3 profitable years in a row build equity to €222k.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €21k ▼9.4%
Net result drops to €21k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated 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.
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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, Aartselaar · 1 establishment unit since 2001
Ground area
3,217 m²
Building footprint
1,384 m²
Volume, LiDAR
9,251 m³
Parcel 11372A0313/00A002, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
VAN KARJAN BVBA
since 20012.090.915.865
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11372A0313/00A002 | Flanders | 3,217 m² | 1 · 1,384 m² | 7.7 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.
Recognitions · licences · registrations
Legal Entity Identifier
894500S9R0PXUL54Z873
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 3,966 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
Founded02-03-1999
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
Scores and ratios are computed by Checked and are not a credit decision.