KAROSHI
ActiveSummary
KAROSHI has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €418k and a net result of €91k. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 53% of 231 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▼-4
Solvency77▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.62 in 2023; short-term debt: 25.2% and cash: 15% of total assets), and 48.2% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Manufacture of textiles (NACE 13)
about 62% 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
7 d late
2022
26 d early
2021
3 d early
2020
9 d early
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, abbreviated schema
Equity
€418k▲ 27.8%
2023 · €327k
Total assets
€808k▲ 15.8%
2023 · €698k
Net result
€91k▼ 9.4%
2023 · €101k
Working capital
€2k
2023 · €-69k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€14k▼ 45.3%€24k▲ 66.6%€125k▲ 421%€153k▲ 21.9%€129k▼ 15.1%
Net result€940▼ 88.6%€15k▲ 1,503%€82k▲ 447%€101k▲ 21.9%€91k▼ 9.4%
Equity€129k▲ 0.7%€144k▲ 11.7%€227k▲ 57.2%€327k▲ 44.4%€418k▲ 27.8%
Total assets€656k▼ 7.1%€659k▲ 0.5%€668k▲ 1.4%€698k▲ 4.4%€808k▲ 15.8%
Debt€526k▼ 8.8%€515k▼ 2.2%€441k▼ 14.2%€371k▼ 16.1%€390k▲ 5.2%
Working capital€-41k▼ 4.4%€-46k▼ 12.8%€582€-69k€2k
Staff (FTE)3.5▼ 10.3%3.5=3▼ 14.3%2.9▼ 3.3%0▼ 100%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €808k
Fixed assets
€602k ▲ 3.0%
Current assets
€206k ▲ 81.8%
Equity and liabilities €808k
Equity
€418k ▲ 27.8%
Debt
€390k ▲ 5.2%
Debt's share of the balance-sheet total falls from 53.1% to 48.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€197k▼
2023 · €207k
Cash flow
€159k▲
2023 · €155k
Current ratio
1.01▲
2023 · 0.62
Quick ratio
0.88▲
2023 · 0.41
Debt to equity
0.93▼
2023 · 1.13
ROE
21.8%▼
2023 · 30.7%
ROA
11.3%▼
2023 · 14.4%
Interest coverage
22.56▲
2023 · 20.02
Debt ≤ 1 year
€204k▲
2023 · €183k
Debt > 1 year
€186k▼
2023 · €188k
Income taxes
€34k▼
2023 · €46k
Staff costs
€186k▲
2023 · €171k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €139k | €161k | €171k | €186k | ▲ 8.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44k | €43k | €44k | €54k | €68k | ▲ 24.6% |
| Other operating charges640/8 | - | €8k | €6k | €3k | €2k | ▼ 1.7% |
| Non-recurring operating charges66A | - | €0 | - | - | - | - |
| Gross operating margin9900 | €192k | €215k | €336k | €380k | €385k | ▲ 1.4% |
| Operating profit (loss)9901 | €14k | €24k | €125k | €153k | €129k | ▼ 15.1% |
| Financial income75/76B | - | €3k | €3k | €5k | €4k | ▼ 7.6% |
| Recurring financial income75 | €38 | €3k | €3k | €4k | €4k | ▲ 12.3% |
| Non-recurring financial income76B | - | - | - | €826 | €0 | ▼ 100% |
| Financial charges65/66B | - | €12k | €11k | €10k | €9k | ▼ 15.4% |
| Recurring financial charges65 | €13k | €12k | €11k | €10k | €9k | ▼ 15.4% |
| Profit (loss) for the period before taxes9903 | €1k | €15k | €118k | €147k | €125k | ▼ 14.9% |
| Income taxes67/77 | €312 | €-464 | €35k | €46k | €34k | ▼ 26.8% |
| Profit (loss) for the period9904 | €940 | €15k | €82k | €101k | €91k | ▼ 9.4% |
| Transfer to tax-exempt reserves689 | - | - | - | - | €64k | - |
| Profit (loss) for the period to be appropriated9905 | €940 | €15k | €82k | €101k | €27k | ▼ 73.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €656k | €659k | €668k | €698k | €808k | ▲ 15.8% |
| Fixed assets21/28 | €578k | €536k | €511k | €585k | €602k | ▲ 3.0% |
| Intangible fixed assets21 | €46 | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €578k | €536k | €511k | €565k | €583k | ▲ 3.1% |
| Land and buildings22 | - | €518k | €487k | €473k | €476k | ▲ 0.7% |
| Plant, machinery and equipment23 | - | €16k | €23k | €24k | €24k | ▲ 1.5% |
| Furniture and vehicles24 | - | €2k | €1k | €14k | €41k | ▲ 189% |
| Leasing and similar rights25 | - | - | - | €55k | €42k | ▼ 22.9% |
| Other tangible fixed assets26 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €0 | - | - | €19k | €19k | = |
| Current assets29/58 | €77k | €123k | €157k | €113k | €206k | ▲ 81.8% |
| Stocks and contracts in progress3 | €9k | €19k | €33k | €38k | €26k | ▼ 31.4% |
| Stocks30/36 | - | €11k | €8k | €9k | €4k | ▼ 50.1% |
| Contracts in progress37 | - | €8k | €25k | €29k | €22k | ▼ 25.9% |
| Amounts receivable within one year40/41 | €26k | €48k | €58k | €47k | €53k | ▲ 12.8% |
| Trade receivables40 | - | €27k | €51k | €40k | €24k | ▼ 39.6% |
| Other amounts receivable41 | - | €21k | €7k | €7k | €29k | ▲ 313% |
| Cash at bank and in hand54/58 | €25k | €49k | €57k | €21k | €121k | ▲ 480% |
| Deferred charges and accrued income490/1 | - | €7k | €10k | €8k | €6k | ▼ 19.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €656k | €659k | €668k | €698k | €808k | ▲ 15.8% |
| Equity10/15 | €129k | €144k | €227k | €327k | €418k | ▲ 27.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €111k | €126k | €208k | €309k | €400k | ▲ 29.5% |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Tax-exempt reserves132 | - | - | - | - | €64k | - |
| Distributable reserves133 | - | €124k | €206k | €309k | €336k | ▲ 8.7% |
| Amounts payable17/49 | €526k | €515k | €441k | €371k | €390k | ▲ 5.2% |
| Amounts payable after more than one year17 | €408k | €346k | €285k | €188k | €186k | ▼ 0.8% |
| Financial debts170/4 | - | €346k | €285k | €188k | €186k | ▼ 0.8% |
| Amounts payable within one year42/48 | €118k | €169k | €157k | €183k | €204k | ▲ 11.4% |
| Current portion of amounts payable after more than one year42 | - | €62k | €61k | €53k | €45k | ▼ 14.5% |
| Financial debts43 | - | €0 | - | - | - | - |
| Credit institutions430/8 | - | €0 | - | - | - | - |
| Trade debts44 | €28k | €69k | €59k | €72k | €77k | ▲ 7.0% |
| Suppliers440/4 | - | €69k | €59k | €72k | €77k | ▲ 7.0% |
| Taxes, remuneration and social security45 | - | €37k | €37k | €57k | €65k | ▲ 14.4% |
| Taxes450/3 | - | €18k | €19k | €27k | €34k | ▲ 24.0% |
| Remuneration and social security454/9 | - | €19k | €18k | €30k | €32k | ▲ 5.6% |
| Other amounts payable47/48 | - | €114 | €0 | - | €15k | - |
| Accrued charges and deferred income492/3 | - | €0 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €940 | €15k | €82k | €101k | €91k | ▼ 9.4% |
| + Depreciation and write-downs630 | €44k | €43k | €44k | €54k | €68k | ▲ 24.6% |
| Operating cash flow (approximation) | €45k | €58k | €127k | €155k | €159k | ▲ 2.5% |
| Investment in fixed assets (approximation) | - | €-1k | €-19k | €-128k | €-85k | ▲ 33.3% |
| Change in cash | - | €24k | €8k | €-36k | €100k | ▲ 379% |
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 7 days late
2023
31-12
Financial
Highest result since 2018net €101k ▲21.9%
Operating result €153k, net result €101k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €200kEq €227k ▲57.2%
5 profitable years in a row build equity to €227k.
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €940 ▼88.6%
Net result drops to €940, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are 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, Diest · 2 establishment units since 2008
Ground area
1.4 ha
Building footprint
762 m²
Volume, LiDAR
3,834 m³
3 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Karoshi
since 20082.174.597.864
Karoshi
since 20182.270.508.890
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24097E0152/00B000indicative | Flanders | 1.1 ha | - | - |
| 24097F0004/00W002 | Flanders | 1,596 m² | 1 · 272 m² | 10.5 m · 2 fl. |
| 24097O0035/00D002 | Flanders | 1,312 m² | 1 · 490 m² | 5.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 209 companies in sector 13100 we hold annual accounts for 139. 88 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
Founded21-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
13100Manufacture of textiles
13300Finishing of textiles
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
47519Retail trade
Scores and ratios are computed by Checked and are not a credit decision.