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KARIN

Active
Private limited companyfounded 1983active for 43 yearsMarkt 3, 3740 Bilzen-Hoeselt, BelgiumKBO/BCE: BE 0424.612.649
Summary

KARIN has been active since 1983 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€37,285) and a net result of -€6,858. Equity is shrinking by about 15% per year across the filed financial years. Its solvency ranks better than 18% of 22,195 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Retail trade
NACE 47722
1 site
Size
€339,944total assets 2025
Staff
1.4 FTE
Equity
-€37,285
Loss
-€6,858
Turnover not published (micro format)
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Accounts filed 5 days late0 of 2 deeds read
Why 53raises riskCapped at 59: negative equitySector: Retail trade (NACE 47)Negative equity -€37,285lowers riskSize: total assets €339,944Founded in 1983Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 17% of its sector peers (NACE 47, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 14-1
equity -11.0% of total assets
Liquidity 14-41
short-term debt 73.6% · cash 2.8%
Profitability 18-8
return on assets -2.0%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,186 companies, NACE 47, micro)
Last 24 months 11-2024: 0.7% 12-2024: 0.7%● unchanged vs 11-2024 01-2025: 0.6%▼ -0.1 percentage points vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.7%▲ +0.1 percentage points vs 03-2025 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.6%▼ -0.1 percentage points vs 05-2025 07-2025: 0.9%▲ +0.3 percentage points vs 06-2025 08-2025: 0.6%▼ -0.3 percentage points vs 07-2025 09-2025: 0.6%● unchanged vs 08-2025 10-2025: 0.6%● unchanged vs 09-2025 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025lowest value 02-2026: 0.6%● unchanged vs 01-2026lowest value 03-2026: 0.6%● unchanged vs 02-2026lowest value 04-2026: 0.7%▲ +0.1 percentage points vs 03-2026 05-2026: 0.7%● unchanged vs 04-2026 06-2026: 0.6%▼ -0.1 percentage points vs 05-2026 07-2026: 0.8%▲ +0.2 percentage points vs 06-2026 08-2026: 1.3%▲ +0.5 percentage points vs 07-2026highest value 09-2026: 0.7%▼ -0.6 percentage points vs 08-2026 10-2026: 0.7%● unchanged vs 09-2026
No credit on open account
Liquidity tight (current ratio 1.36, compared with 19.56 in 2024; short-term debt: 73.6% and cash: 2.8% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 16% on solvency, 13% on liquidity, 21% on profitability and 19% on growth.

The bankruptcy probability was computed on 08-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
lowers risk · Size: total assets €339,944
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
raises risk · Negative equity -€37,285
NBB · annual accounts
lowers risk · Founded in 1983
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€37,285
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-08-2026, 5 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
5 days late
2024
1 day early
2023
on the day
2022
25 days late
2021
26 days late
2020
25 days late
2019
39 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 17 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% 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 5 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
09-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Annual accounts filedfinancial year 2023 · micro…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€37,285 View
  • Caution: Among the weakest 10% on equitysector median €41,381 · 22,237 companies -€37,285 View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€6,858 View

By topic

Financials

Financial year
2025
Total assets
€339,944
Loss
-€6,858
Solvency
-11.0%
Total assets▲ 11.3%
Net result
20182025
Go to Financials

Timeline

Events
46
Since
1985
Next accounts
by 31-07-2027
  1. 31-12-2023Highest result from 2018 to 2025
  2. 25-08-2023Annual accounts filed
  3. 31-12-2022Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail tradeNACE 47722
Founded
07-10-1983
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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