KARVANN
ActiveSummary
KARVANN has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164k and a net result of €25k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 83% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+2
Solvency99▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity ample (current ratio 4.73 against 3.67 in 2024; short-term debt: 10.8% and cash: 43.5% of total assets), and 26.1% 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+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
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
73.9%
Return on assets
11.2%
Age of the figures
9 mo
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 31-12-2025 was due by 31-07-2026 and was filed on 13-07-2026, 18 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
18 d early
2024
28 d early
2023
33 d early
2022
12 d early
2021
4 d late
2020
18 d late
2019
15 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, micro schema
Equity
€164k▲ 0.1%
2024 · €164k
2018: €146klowest in 8 years
2019: €167k▲ +14.8% vs 2018
2020: €172k▲ +2.6% vs 2019
2021: €186k▲ +8.1% vs 2020highest in 8 years
2022: €147k▼ -20.9% vs 2021
2023: €154k▲ +4.6% vs 2022
2024: €164k▲ +6.7% vs 2023
2025: €164k▲ +0.1% vs 2024
2018 → 2025
Total assets
€222k▼ 8.5%
2024 · €242k
2018: €323k
2019: €344k▲ +6.3% vs 2018highest in 8 years
2020: €293k▼ -14.7% vs 2019
2021: €294k▲ +0.2% vs 2020
2022: €244k▼ -16.8% vs 2021
2023: €249k▲ +1.8% vs 2022
2024: €242k▼ -2.5% vs 2023
2025: €222k▼ -8.5% vs 2024lowest in 8 years
2018 → 2025
Net result
€25k▲ 6.8%
2024 · €23k
2018: €13k
2019: €22k▲ +73.4% vs 2018
2020: €5k▼ -77.2% vs 2019lowest in 8 years
2021: €17k▲ +237% vs 2020
2022: €14k▼ -17.2% vs 2021
2023: €15k▲ +7.9% vs 2022
2024: €23k▲ +51.2% vs 2023
2025: €25k▲ +6.8% vs 2024highest in 8 years
2018 → 2025
Working capital
€89k▼ 4.9%
2024 · €94k
2018: €56klowest in 8 years
2019: €91k▲ +62.7% vs 2018
2020: €110k▲ +21.3% vs 2019
2021: €137k▲ +24.4% vs 2020highest in 8 years
2022: €104k▼ -24.2% vs 2021
2023: €92k▼ -11.7% vs 2022
2024: €94k▲ +2.3% vs 2023
2025: €89k▼ -4.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€186k-€147k▼ 20.9%€154k▲ 4.6%€164k▲ 6.7%€164k▲ 0.1%
2021: €186khighest in 5 years
2022: €147k▼ -20.9% vs 2021lowest in 5 years
2023: €154k▲ +4.6% vs 2022
2024: €164k▲ +6.7% vs 2023
2025: €164k▲ +0.1% vs 2024
Operating result€29k-€26k▼ 9.4%€31k▲ 18.4%€38k▲ 20.5%€39k▲ 3.8%
2021: €29k
2022: €26k▼ -9.4% vs 2021lowest in 5 years
2023: €31k▲ +18.4% vs 2022
2024: €38k▲ +20.5% vs 2023
2025: €39k▲ +3.8% vs 2024highest in 5 years
Net result€17k-€14k▼ 17.2%€15k▲ 7.9%€23k▲ 51.2%€25k▲ 6.8%
2021: €17k
2022: €14k▼ -17.2% vs 2021lowest in 5 years
2023: €15k▲ +7.9% vs 2022
2024: €23k▲ +51.2% vs 2023
2025: €25k▲ +6.8% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €222k
Fixed assets
€108k ▼ 4.2%
Current assets
€113k ▼ 12.2%
Equity and liabilities €222k
Equity
€164k ▲ 0.1%
Debt
€58k ▼ 26.3%
Debt's share of the balance-sheet total falls from 32.4% to 26.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61k▲
2024 · €55k
Cash flow
€47k▲
2024 · €41k
Current ratio
4.73▲
2024 · 3.67
Quick ratio
4.59▲
2024 · 3.50
Debt to equity
0.35▼
2024 · 0.48
ROE
15.1%▲
2024 · 14.2%
ROA
11.2%▲
2024 · 9.6%
Interest coverage
16.75▲
2024 · 14.20
Debt ≤ 1 year
€24k▼
2024 · €35k
Debt > 1 year
€34k▼
2024 · €43k
Income taxes
€11k▲
2024 · €11k
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 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€242k€222k▼
Fixed assets21/28€113k€108k▼
Tangible fixed assets22/27€113k€108k▼
Plant, machinery and equipment23€24k€31k▲
Furniture and vehicles24€7k€8k▲
Other tangible fixed assets26€82k€69k▼
Current assets29/58€129k€113k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€6k€3k▼
Stocks30/36€6k€3k▼
Amounts receivable within one year40/41€19k€6k▼
Trade receivables40€17k€667▼
Other amounts receivable41€2k€6k▲
Cash at bank and in hand54/58€101k€96k▼
Deferred charges and accrued income490/1€3k€7k▲
Equity and liabilities
Total equity and liabilities10/49€242k€222k▼
Equity10/15€164k€164k▲
Contributions10/11€68k€68k=
Reserves13€96k€97k▲
Distributable reserves133€96k€97k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€78k€58k▼
Amounts payable after more than one year17€43k€34k▼
Financial debts170/4€43k€34k▼
Amounts payable within one year42/48€35k€24k▼
Current portion of amounts payable after more than one year42€10k€10k▲
Financial debts43€1k€1k=
Credit institutions430/8€1k€1k=
Trade debts44€21k€9k▼
Suppliers440/4€21k€9k▼
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€859€974▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€22k▲
Other operating charges640/8€2k€901▼
Gross operating margin9900€57k€62k▲
Operating profit (loss)9901€38k€39k▲
Financial income75/76B€324€599▲
Recurring financial income75€324€599▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€34k€36k▲
Income taxes67/77€11k€11k▲
Profit (loss) for the period9904€23k€25k▲
Profit (loss) for the period to be appropriated9905€23k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€23k€25k▲
Transfer from equity791/2€13k€24k▲
Transfer to equity691/2€23k€24k▲
To other reserves6921€23k€24k▲
Profit to be distributed694/7€13k€25k▲
Return on contributions (dividend)694€13k€25k▲
The notes to these accounts (10 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 | €27k | €21k | €14k | €18k | €22k | ▲ 23.4% |
| Other operating charges640/8 | €2k | €2k | €2k | €2k | €901 | ▼ 53.6% |
| Gross operating margin9900 | €58k | €49k | €47k | €57k | €62k | ▲ 7.9% |
| Operating profit (loss)9901 | €29k | €26k | €31k | €38k | €39k | ▲ 3.8% |
| Financial income75/76B | €31 | €153 | €170 | €324 | €599 | ▲ 84.9% |
| Recurring financial income75 | €31 | €153 | €170 | €324 | €599 | ▲ 84.9% |
| Financial charges65/66B | €3k | €3k | €4k | €4k | €4k | ▼ 6.7% |
| Recurring financial charges65 | €3k | €3k | €4k | €4k | €4k | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | €26k | €23k | €28k | €34k | €36k | ▲ 5.8% |
| Income taxes67/77 | €9k | €9k | €12k | €11k | €11k | ▲ 3.5% |
| Profit (loss) for the period9904 | €17k | €14k | €15k | €23k | €25k | ▲ 6.8% |
| Profit (loss) for the period to be appropriated9905 | €17k | €14k | €15k | €23k | €25k | ▲ 6.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €294k | €244k | €249k | €242k | €222k | ▼ 8.5% |
| Fixed assets21/28 | €132k | €111k | €115k | €113k | €108k | ▼ 4.2% |
| Tangible fixed assets22/27 | €132k | €111k | €115k | €113k | €108k | ▼ 4.2% |
| Plant, machinery and equipment23 | €3k | €860 | €10k | €24k | €31k | ▲ 32.2% |
| Furniture and vehicles24 | €332 | €0 | €9k | €7k | €8k | ▲ 20.6% |
| Leasing and similar rights25 | €4k | €0 | - | - | - | - |
| Other tangible fixed assets26 | €124k | €110k | €96k | €82k | €69k | ▼ 16.8% |
| Current assets29/58 | €162k | €133k | €134k | €129k | €113k | ▼ 12.2% |
| Amounts receivable after more than one year29 | €3k | €2k | €882 | €0 | - | - |
| Other amounts receivable291 | €3k | €2k | €882 | €0 | - | - |
| Stocks and contracts in progress3 | €6k | €6k | €6k | €6k | €3k | ▼ 46.5% |
| Stocks30/36 | €6k | €6k | €6k | €6k | €3k | ▼ 46.5% |
| Amounts receivable within one year40/41 | €3k | €4k | €14k | €19k | €6k | ▼ 66.8% |
| Trade receivables40 | €803 | €856 | €10k | €17k | €667 | ▼ 96.1% |
| Other amounts receivable41 | €2k | €3k | €5k | €2k | €6k | ▲ 151% |
| Cash at bank and in hand54/58 | €150k | €120k | €112k | €101k | €96k | ▼ 4.5% |
| Deferred charges and accrued income490/1 | €2k | €2k | €1k | €3k | €7k | ▲ 155% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €294k | €244k | €249k | €242k | €222k | ▼ 8.5% |
| Equity10/15 | €186k | €147k | €154k | €164k | €164k | ▲ 0.1% |
| Contributions10/11 | €68k | €68k | €68k | €68k | €68k | = |
| Reserves13 | €118k | €79k | €86k | €96k | €97k | ▲ 0.2% |
| Non-distributable reserves130/1 | €7k | €7k | €0 | - | - | - |
| Reserves not available under the articles1311 | €7k | €7k | €0 | - | - | - |
| Distributable reserves133 | €111k | €73k | €86k | €96k | €97k | ▲ 0.2% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €108k | €97k | €95k | €78k | €58k | ▼ 26.3% |
| Amounts payable after more than one year17 | €82k | €68k | €53k | €43k | €34k | ▼ 21.9% |
| Financial debts170/4 | €82k | €68k | €53k | €43k | €34k | ▼ 21.9% |
| Amounts payable within one year42/48 | €25k | €29k | €42k | €35k | €24k | ▼ 31.8% |
| Current portion of amounts payable after more than one year42 | €14k | €14k | €15k | €10k | €10k | ▲ 0.5% |
| Financial debts43 | €1k | €1k | €1k | €1k | €1k | = |
| Credit institutions430/8 | €1k | €1k | €1k | €1k | €1k | = |
| Trade debts44 | €2k | €4k | €14k | €21k | €9k | ▼ 59.2% |
| Suppliers440/4 | €2k | €4k | €14k | €21k | €9k | ▼ 59.2% |
| Taxes, remuneration and social security45 | €4k | €9k | €10k | €2k | €3k | ▲ 47.9% |
| Taxes450/3 | €4k | €9k | €10k | €2k | €3k | ▲ 47.9% |
| Other amounts payable47/48 | €3k | €800 | €1k | €859 | €974 | ▲ 13.4% |
| Accrued charges and deferred income492/3 | €1k | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17k | €14k | €15k | €23k | €25k | ▲ 6.8% |
| + Depreciation and write-downs630 | €27k | €21k | €14k | €18k | €22k | ▲ 23.4% |
| Operating cash flow (approximation) | €44k | €35k | €30k | €41k | €47k | ▲ 14.0% |
| Investment in fixed assets (approximation) | - | €0 | €-18k | €-16k | €-17k | ▼ 5.5% |
| Change in cash | - | €-29k | €-8k | €-11k | €-5k | ▲ 57.3% |
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
13-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €25k ▲6.8%
Operating result €39k, net result €25k, both a record.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €154k ▲4.6%
6 profitable years in a row build equity to €154k.
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 4 days late
2021
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Weakest financial yearnet €5k ▼77.2%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 5.40
Current ratio from 2.41 to 5.40; short-term debt falls from €65k to €25k.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €150kEq €167k ▲14.8%
2 profitable years in a row build equity to €167k.
Show earlier events
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro 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, Sint-Niklaas · 1 establishment unit since 2010
Ground area
99 m²
Building footprint
152 m²
Volume, LiDAR
1,198 m³
Parcel 46445D1327/00S006, Flanders · tallest building 13.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KARVANN
since 20102.187.376.625
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46445D1327/00S006 | Flanders | 99 m² | 1 · 152 m² | 13.7 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,591 EUR awarded · 2,591 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 2,315 EUR | 2,315 EUR |
| 2022 | 1 | 276 EUR | 276 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteSint-Niklaas2.187.376.625
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Of 1,315 companies in sector 47639 we hold annual accounts for 624. 503 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
Founded31-03-2010
Fiscal year end31-12
Activities, NACEBEL 2025
47639Retail sale of other sporting goods
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
Scores and ratios are computed by Checked and are not a credit decision.