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KARRAS

Active
Public limited companyfounded 1989active for 37 yearsRue de Gelée 4, 4800 Verviers, BelgiumKBO/BCE: BE 0437.114.167
Summary

KARRAS has been active since 1989 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.5m and a net result of €1.7m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 59% of 6,081 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Wholesale trade
NACE 46360Manufacture of food products NACE 10890
2 sites
Size
€2.8mtotal assets 2025
Staff
2.6 FTE
Equity
€1.5m
Profit
€1.7m
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
Floridienne · 64%
Board
5 members
  • FINATCOChair · permanent representative Philippe-Jean Boonen
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts filed 60 days late
Why 97raises riskLatest accounts 60 days late; 3 of the last 3 latelowers riskFounded in 1989Liquidity: current ratio 3.17, cash €352,821Size: 2.6 FTE, total assets €2.8mShow the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 79% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Strong
Solvency 79+62
equity 53.8% of total assets
Liquidity 54+44
short-term debt 29.5% · cash 12.8%
Profitability 100+12
return on assets 60.0%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.4% (26,862 companies, NACE 46, micro)
Last 24 months 11-2024: 3.6% 12-2024: 3.6%● unchanged vs 11-2024 01-2025: 3.6%● unchanged vs 12-2024 02-2025: 3.7%▲ +0.1 percentage points vs 01-2025 03-2025: 4.1%▲ +0.4 percentage points vs 02-2025 04-2025: 4.2%▲ +0.1 percentage points vs 03-2025 05-2025: 4.6%▲ +0.4 percentage points vs 04-2025 06-2025: 4.5%▼ -0.1 percentage points vs 05-2025 07-2025: 4.6%▲ +0.1 percentage points vs 06-2025 08-2025: 4.9%▲ +0.3 percentage points vs 07-2025 09-2025: 5.5%▲ +0.6 percentage points vs 08-2025 10-2025: 7.0%▲ +1.5 percentage points vs 09-2025 11-2025: 7.1%▲ +0.1 percentage points vs 10-2025 12-2025: 7.8%▲ +0.7 percentage points vs 11-2025highest value 01-2026: 3.5%▼ -4.3 percentage points vs 12-2025 02-2026: 2.0%▼ -1.5 percentage points vs 01-2026 03-2026: 2.0%● unchanged vs 02-2026 04-2026: 2.0%● unchanged vs 03-2026 05-2026: 2.0%● unchanged vs 04-2026 06-2026: 2.0%● unchanged vs 05-2026 07-2026: 2.0%● unchanged vs 06-2026 08-2026: 2.6%▲ +0.6 percentage points vs 07-2026 09-2026: 2.9%▲ +0.3 percentage points vs 08-2026 10-2026: 0.1%▼ -2.8 percentage points vs 09-2026lowest value
Credit of up to €140,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.17, compared with 0.97 in 2024; short-term debt: 29.5% and cash: 12.8% of total assets), and 46.2% of the assets are financed with debt.
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 46, micro): better than 61% on solvency, 59% on liquidity, 95% on profitability and 99% on growth.

The bankruptcy probability was computed on 09-10-2026 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

Five signals.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1989
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Latest accounts 60 days late; 3 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 3.17, cash €352,821
NBB · annual accounts
lowers risk · Size: 2.6 FTE, total assets €2.8m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 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
60 days late
2024
125 days late
2023
61 days late
2022
70 days late
2021
32 days late
2019
50 days early
2018
34 days early
← 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 38 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% 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 1 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 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 · full…
  2. Highest result from 2018 to 2025net €1.7m ▲375%
  3. Liquidity more than triplescurrent ratio 3.17

Key points

  • Positive: Result rose in 2025from €349,579 to €1.7m ▲ 375% View
  • Positive: Among the best 13% on net resultsector median €113,523 · 6,022 companies €1.7m View
  • Controlled by Floridienneknown shareholders 100% 64% View

By topic

Financials

Financial year
2025
Total assets
€2.8m
Profit
€1.7m
Solvency
53.8%
Turnover▼ 23.4%
Net result
20182023
Go to Financials

Board & ownership

Board
5 members
Parent
Floridienne · 64%
Known shareholders
100%
Auditor
Ernst et Young Reviseurs…
  • FINATCOChair
  • Nicolas DambrineDirector
  • CloXManaging director
  • Bernard SchwanenDirector
  • Europe et CroissanceDirector
Go to Board & ownership

Timeline

Events
57
Since
1990
Next accounts
by 31-07-2027
  1. 31-12-2025Equity above €1m
  2. 03-12-2025Annual accounts filed
  3. 30-10-2025Appointment: EY Bedrijfsrevisoren SRL (statutory auditor)
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Wholesale tradeNACE 46360
Founded
20-03-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
La production, l'importation, l'exportation, le commerce de gros et de détail et le…
Go to Articles of association

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