KARTOESJ
ActiveKARTOESJ has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €287k and a net result of €31k. Equity is growing by ~13.7% per year across the filed fiscal years. Its solvency ranks better than 51% of 517 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability54▼-46
Solvency53▲+4
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity short (current ratio 0.45 against 0.56 in 2024), and 58% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 88
Relative position
BE, all sectors
reference
Sector 88
lower
← 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
42%
Return on assets
4.6%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
2 d early
2023
17 d early
2022
6 d early
2021
25 d early
2020
4 d early
2019
23 d early
← 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
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€287k▲ 10.4%
2024 · €260k
2018: €114k
2019: €137k
2020: €152k
2021: €170k
2022: €197k
2023: €209k
2024: €260k
2018 → 2025
Total assets
€682k▼ 1.6%
2024 · €693k
2018: €405k
2019: €407k
2020: €731k
2021: €726k
2022: €728k
2023: €695k
2024: €693k
2018 → 2025
Net result
€31k▼ 41.3%
2024 · €53k
2018: €6k
2019: €31k
2020: €17k
2021: €20k
2022: €27k
2023: €34k
2024: €53k
2018 → 2025
Working capital
€-191k▼ 57.5%
2024 · €-121k
2018: €3k
2019: €28k
2020: €7k
2021: €4k
2022: €-94k
2023: €-61k
2024: €-121k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€170k-€197k▲ 15.8%€209k▲ 5.9%€260k▲ 24.6%€287k▲ 10.4%
Operating result€41k-€49k▲ 18.9%€64k▲ 29.9%€94k▲ 48.2%€66k▼ 30.3%
Net result€20k-€27k▲ 39.6%€34k▲ 25.6%€53k▲ 54.0%€31k▼ 41.3%
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 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €682k
Fixed assets
€526k▼ 2.2%
Current assets
€155k▲ 0.4%
Equity and liabilities €682k
Equity
€287k▲ 10.4%
Debt
€395k▼ 8.8%
The debt ratio falls from 62.5% to 58.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€129k▼
2024 · €152k
Cash flow
€94k▼
2024 · €111k
Solvency
42.0%▲
2024 · 37.5%
Current ratio
0.45▼
2024 · 0.56
Quick ratio
0.45▼
2024 · 0.56
Debt / equity
1.38▼
2024 · 1.67
ROE
10.8%▼
2024 · 20.4%
ROA
4.6%▼
2024 · 7.6%
Interest coverage
6.30▼
2024 · 8.59
Debt
€395k▼
2024 · €433k
Debt ≤ 1 year
€346k▲
2024 · €276k
Debt > 1 year
€49k▼
2024 · €155k
Income taxes
€14k▼
2024 · €24k
Staff costs
€78k▲
2024 · €68k
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
Assets
Total assets20/58€693k€682k▼
Fixed assets21/28€538k€526k▼
Tangible fixed assets22/27€538k€526k▼
Land and buildings22€462k€473k▲
Plant, machinery and equipment23€16k€13k▼
Furniture and vehicles24€61k€41k▼
Financial fixed assets28€0-
Current assets29/58€155k€155k▲
Amounts receivable within one year40/41€19k€24k▲
Trade receivables40€18k€12k▼
Other amounts receivable41€495€11k▲
Cash at bank and in hand54/58€133k€129k▼
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€693k€682k▼
Equity10/15€260k€287k▲
Contributions10/11€19k€19k=
Reserves13€235k€264k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€235k€264k▲
Profit (loss) carried forward14€6k€4k▼
Amounts payable17/49€433k€395k▼
Amounts payable after more than one year17€155k€49k▼
Financial debts170/4€75k€49k▼
Other amounts payable178/9€80k€0▼
Amounts payable within one year42/48€276k€346k▲
Current portion of amounts payable after more than one year42€32k€29k▼
Financial debts43€30€951▲
Credit institutions430/8€0-
Other loans439€30€951▲
Trade debts44€2k€22k▲
Suppliers440/4€2k€22k▲
Taxes, remuneration and social security45€29k€22k▼
Taxes450/3€15k€5k▼
Remuneration and social security454/9€14k€17k▲
Other amounts payable47/48€212k€273k▲
Accrued charges and deferred income492/3€2k€155▼
Income statement
Code20242025
Non-recurring operating income76A€14k€0▼
Remuneration, social security and pensions62€68k€78k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€58k€63k▲
Other operating charges640/8€3k€3k▼
Gross operating margin9900€223k€209k▼
Operating profit (loss)9901€94k€66k▼
Financial income75/76B€7€19▲
Recurring financial income75€7€19▲
Financial charges65/66B€18k€20k▲
Recurring financial charges65€18k€20k▲
Profit (loss) for the period before taxes9903€77k€45k▼
Income taxes67/77€24k€14k▼
Profit (loss) for the period9904€53k€31k▼
Profit (loss) for the period to be appropriated9905€53k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€59k€37k▼
Profit (loss) brought forward from the previous period14P€6k€6k=
Transfer from equity791/2€2k€0▼
Transfer to equity691/2€53k€29k▼
To contributions691€0-
To other reserves6921€53k€29k▼
Profit to be distributed694/7€2k€4k▲
Return on contributions (dividend)694€2k€2k=
Directors or managers695-€2k
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €53k ▲54%
Operating result €94k, net result €53k, both a record.
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200kEq €209k ▲5.9%
6 profitable years in a row build equity to €209k.
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Equity above €150kEq €152k ▲10.9%
3 profitable years in a row build equity to €152k.
07-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
02-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 2 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Waregem · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ernest Brengierstraat 188793 WaregemGround area
433 m²
Building footprint
165 m²
Volume, LiDAR
1,014 m³
Parcel 34035A0237/00M002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KARTOESJ
since 20092.182.239.979
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035A0237/00M002 | Flanders | 433 m² | 1 · 165 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 9 entries · 800,423 EUR awarded · 801,739 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 231,921 EUR | 233,237 EUR |
| 2024 | 2 | 223,394 EUR | 223,394 EUR |
| 2023 | 3 | 193,811 EUR | 193,811 EUR |
| 2022 | 2 | 151,297 EUR | 151,297 EUR |
Schemes
Subsidies voorschoolse kinderopvang
Subsidie aan instellingen in het beleidsdomein Welzijn, Volksgezondheid en Gezin voor de tussenkomst in de energiekost in 2023
Inkomenstarief kinderopvang
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaregem2.182.239.979
Care and welfare
2 services · 1 livekartoesj
kartoesj
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Of 1,582 companies in sector 88911 we hold annual accounts for 701. 526 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-06-2009
Fiscal year end31-12
Activities, NACEBEL
88911Day nurseries and crèches
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.