ACTIVE

KARELLI

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Financial year 2025 · closed on 30/06/2025

Net result

-43,5 k €

+15.4% YoY

Gross margin

-14,7 k €

+44.7% YoY

Equity

-27,9 k €

-278.5% YoY

What does KARELLI do?

KARELLI is a Private limited company incorporated in 1994. Its main activity is: Activities of holding companies. Its registered office is in Oostende.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.012.179

Incorporation

10/01/1994

Legal form

Private limited company

Registered office

Vlierstraat 20 box 105
8400 Oostende · FlandreSee on map

Contributed capital

97 500,00 €

Latest accounts

30/06/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies

Joint committees (1)

Signals

Healthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-14,7 k €	+44.7%	-26,6 k €	-78.9%	-14,9 k €	-298%	7,5 k €	+121%	-35,1 k €	-185%	41,4 k €	+16.2%	35,6 k €	-28.8%	50 k €	-0.6%	50,3 k €	-14.8%	59,1 k €	-18.7%	72,7 k €	-0.7%	73,2 k €	+10.4%	66,3 k €	-77.0%	288,5 k €	+591%	-58,7 k €	-130%	193,5 k €	+40.5%	137,7 k €	+7.5%	128 k €
EBITDA	-21 k €	+37.2%	-33,5 k €	-70.0%	-19,7 k €	-3209%	632,9 €	+102%	-41 k €	-212%	36,7 k €	+19.4%	30,8 k €	-31.4%	44,8 k €	-3.0%	46,2 k €	-19.0%	57,1 k €	-19.2%	70,7 k €	-1.6%	71,8 k €	+11.6%	64,3 k €	-76.5%	273,6 k €	+310%	-130 k €	-195%	136,3 k €	+36.1%	100,1 k €	+19.8%	83,6 k €
Operating result	-38,8 k €	+15.6%	-46 k €	-47.4%	-31,2 k €	-162%	-11,9 k €	+78.5%	-55,2 k €	-341%	22,9 k €	+39.8%	16,4 k €	-47.8%	31,3 k €	-6.6%	33,6 k €	-30.3%	48,1 k €	-16.3%	57,5 k €	-15.7%	68,3 k €	+49.8%	45,6 k €	-81.9%	251,5 k €	+257%	-159,8 k €	-327%	70,3 k €	-3.2%	72,6 k €	+41.7%	51,2 k €
Net result	-43,5 k €	+15.4%	-51,5 k €	-39.1%	-37 k €	-130%	-16,1 k €	+74.2%	-62,4 k €	-711%	10,2 k €	+31.7%	7,7 k €	-55.0%	17,2 k €	+7.9%	16 k €	-38.8%	26,1 k €	-20.8%	32,9 k €	-22.2%	42,3 k €	+81.7%	23,3 k €	-88.8%	208,5 k €	+221%	-173 k €	-407%	56,3 k €	-6.5%	60,2 k €	+53.9%	39,1 k €
Balance sheet
Equity	-27,9 k €	-278%	15,6 k €	-76.7%	67,1 k €	-35.5%	104,1 k €	-13.4%	120,2 k €	-28.5%	168 k €	+6.5%	157,8 k €	+5.2%	150,1 k €	+13.0%	132,9 k €	+13.7%	116,9 k €	+28.7%	90,8 k €	+56.9%	57,9 k €	+272%	15,6 k €	-87.8%	127,8 k €	+258%	-80,8 k €	-188%	92,2 k €	+180%	-114,6 k €	+34.4%	-174,8 k €
Total assets	271,3 k €	+0.7%	269,5 k €	-7.0%	289,8 k €	-4.2%	302,6 k €	+1.8%	297,3 k €	-14.5%	347,8 k €	-2.2%	355,5 k €	-4.3%	371,6 k €	+1.1%	367,6 k €	-3.6%	381,5 k €	+7.4%	355,1 k €	+18.4%	299,8 k €	+83.0%	163,8 k €	-44.3%	294 k €	-46.3%	547,4 k €	+20.8%	453 k €	+68.7%	268,6 k €	-36.8%	424,8 k €
Cash	3,3 k €	-43.6%	5,8 k €	-49.4%	11,5 k €	-43.4%	20,4 k €	+220%	6,4 k €	-77.3%	28 k €	+162%	10,7 k €	-56.1%	24,4 k €	+36.4%	17,9 k €	-12.9%	20,5 k €	-70.4%	69,2 k €	+1.3%	68,3 k €	+4.4%	65,4 k €	+238%	19,3 k €	-87.9%	159,6 k €	+114%	74,6 k €	+50.3%	49,6 k €	-40.5%	83,4 k €
Debts	294,8 k €	+18.2%	249,4 k €	+14.3%	218,2 k €	+12.4%	194,1 k €	+12.4%	172,7 k €	+6.2%	162,6 k €	-16.0%	193,5 k €	-11.0%	217,4 k €	-6.6%	232,7 k €	-10.9%	261,3 k €	+0.3%	260,5 k €	+8.6%	239,8 k €	+61.9%	148,1 k €	-10.5%	165,4 k €	-73.7%	628,1 k €	+74.5%	359,9 k €	-6.1%	383,2 k €	-36.1%	599,5 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		–		–		–		–		–		1,0 ETP	0.0%	1,0 ETP	+100%	0,5 ETP	-54.5%	1,1 ETP

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 11 ended

Active mandates

Bart Sinnesael

Director

Active

Maria De Smedt

Director

Active

Ended mandates

Bart Sinnesael

Manager · since 30 juin 2015

Ended

Maria De Smedt

Manager · since 30 juin 2015

Ended

Bart Sinnesael

Chairman of the board of directors · since 29 septembre 2011 · until 28 septembre 2017

Ended

Maria De Smedt

Director · since 29 septembre 2011 · until 28 septembre 2017

Ended

At this address

Other companies at this address

Company	CBE no.
DOKTER MATTHIEU COMBES● Active	0842.731.941

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	18/12/2025	05/01/2025	05/12/2023	24/01/2023	24/01/2022	23/12/2020
General meeting	11/12/2025	12/12/2024	01/12/2023	14/12/2022	09/12/2021	10/12/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/06/2025	11/12/2025	18/12/2025	Dutch	PDF
Micro model	30/06/2024	12/12/2024	05/01/2025	Dutch	PDF
Micro model	30/06/2023	01/12/2023	05/12/2023	Dutch	PDF
Micro model	30/06/2022	14/12/2022	24/01/2023	Dutch	PDF
Micro model	30/06/2021	09/12/2021	24/01/2022	Dutch	PDF
Abridged model	30/06/2020	10/12/2020	23/12/2020	Dutch	PDF
Abridged model	30/06/2019	12/12/2019	28/01/2020	Dutch	PDF
Abridged model	30/06/2018	13/12/2018	14/12/2018	Dutch	PDF
Abridged model	30/06/2017	14/12/2017	25/01/2018	Dutch	PDF
Abridged model	30/06/2016	08/12/2016	30/01/2017	Dutch	PDF
Abridged model	30/06/2015	10/12/2015	07/01/2016	Dutch	PDF
Abridged model	30/06/2014	12/12/2014	17/12/2014	Dutch	PDF
Abridged model	30/06/2013	13/12/2013	08/01/2014	Dutch	PDF
Abridged model	30/06/2012	14/12/2012	31/01/2013	Dutch	PDF
Abridged model	30/06/2011	13/12/2011	30/01/2012	Dutch	PDF
Abridged model	30/06/2010	10/12/2010	31/01/2011	Dutch	PDF
Abridged model	30/06/2009	31/12/2009	29/01/2010	Dutch	PDF
Abridged model	30/06/2008	11/12/2008	15/12/2008	Dutch	PDF
Abridged model	30/06/2007	13/12/2007	24/01/2008	Dutch	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 11 ended

Active mandates

Bart Sinnesael

Director

Active

Maria De Smedt

Director

Active

Ended mandates

Bart Sinnesael

Manager · since 30 juin 2015

Ended

Maria De Smedt

Manager · since 30 juin 2015

Ended

Bart Sinnesael

Chairman of the board of directors · since 29 septembre 2011 · until 28 septembre 2017

Ended

Maria De Smedt

Director · since 29 septembre 2011 · until 28 septembre 2017

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/08/2023
WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office14/07/2015
BENAMING - MAATSCHAPPELIJKE ZETEL - DOEL - WIJZIGING RECHTSVORM
PDF
Mandates14/03/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office19/07/2011
MAATSCHAPPELIJKE ZETEL
PDF
Restructuring30/12/2009
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
PDF
Mandates06/12/2007
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/12/2006
KAPITAAL - AANDELEN
PDF
Mandates26/10/2005
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-43,5 k €↑
2024
Annual accounts 2024-51,5 k €↓
2023
Annual accounts 2023-37 k €↓
2022
Annual accounts 2022-16,1 k €↑
2021
Annual accounts 2021-62,4 k €↓
2019
Annual accounts 201910,2 k €↑
2018
Annual accounts 20187,7 k €↓
2017
Annual accounts 201717,2 k €↑
2016
Annual accounts 201616 k €↓
2015
Annual accounts 201526,1 k €↓
2014
Annual accounts 201432,9 k €↓
2013
Annual accounts 201342,3 k €↑
2012
Annual accounts 201223,3 k €↓
2011
Annual accounts 2011208,5 k €↑
2010
Annual accounts 2010-173 k €↓
2009
Annual accounts 200956,3 k €↓
2008
Annual accounts 200860,2 k €↑
2007
Annual accounts 200739,1 k €
10/01/1994
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

KARELLI

Overview

What does KARELLI do?

Trend over 18 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline