ACTIVE

KARAL

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Financial year 2025 · closed on 31/12/2025

Net result

282,2 k €

+8.3% YoY

Gross margin

517,1 k €

+3.0% YoY

Equity

1,4 M €

-2.8% YoY

Workforce

0,0 ETP

What does KARAL do?

KARAL is a Private limited company incorporated in 2001. Its registered office is in Anzegem.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.667.322

Incorporation

25/04/2001

Legal form

Private limited company

Registered office

Berglaan 21
8570 Anzegem · FlandreSee on map

Contributed capital

6 943,99 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	517,1 k €	+3.0%	502 k €	+21.5%	413,1 k €	+1.1%	408,8 k €	+8.5%	376,9 k €	+11.4%	338,4 k €	-16.1%	403,3 k €	+36.0%	296,5 k €	+4.9%	282,7 k €	+24.7%	226,8 k €	-13.0%	260,5 k €	-14.5%	304,7 k €	-3.9%	317,1 k €	-5.3%	334,8 k €	+2.2%	327,5 k €	+12.9%	290,1 k €	+35.0%	214,9 k €	+59.1%	135,1 k €	-18.2%	165,2 k €
EBITDA	502,4 k €	+4.0%	483,3 k €	+19.4%	404,8 k €	+0.9%	400,9 k €	+8.8%	368,7 k €	+11.0%	332 k €	-16.2%	396,3 k €	+38.2%	286,8 k €	+3.9%	276 k €	+26.3%	218,4 k €	-13.0%	251,1 k €	-15.6%	297,5 k €	-1.2%	301 k €	-8.9%	330,4 k €	+11.9%	295,3 k €	+3.5%	285,4 k €	+44.6%	197,3 k €	+50.2%	131,3 k €	-17.4%	159 k €
Operating result	447 k €	+6.7%	419,1 k €	+19.7%	350,2 k €	-0.1%	350,7 k €	+15.3%	304,1 k €	+21.2%	251 k €	-20.1%	314,3 k €	+54.5%	203,5 k €	+8.0%	188,5 k €	+44.8%	130,2 k €	-18.6%	159,9 k €	-13.6%	185,2 k €	-4.1%	193,1 k €	-17.3%	233,3 k €	+16.9%	199,6 k €	+15.3%	173,1 k €	+22.5%	141,3 k €	+61.0%	87,8 k €	-29.1%	123,7 k €
Net result	282,2 k €	+8.3%	260,7 k €	+19.3%	218,4 k €	-3.5%	226,3 k €	+23.1%	183,8 k €	+25.2%	146,8 k €	-15.0%	172,8 k €	+78.5%	96,8 k €	+4.3%	92,8 k €	+90.6%	48,7 k €	-25.2%	65 k €	-26.8%	88,9 k €	-11.4%	100,3 k €	-18.4%	123 k €	-9.1%	135,4 k €	+18.3%	114,4 k €	+42.1%	80,5 k €	+71.4%	47 k €	-45.2%	85,8 k €
Balance sheet
Equity	1,4 M €	-2.8%	1,4 M €	+4.9%	1,4 M €	-12.0%	1,6 M €	+17.0%	1,3 M €	+3.1%	1,3 M €	+12.8%	1,1 M €	+17.8%	972,7 k €	+11.1%	875,9 k €	+11.8%	783,1 k €	+6.6%	734,5 k €	+9.7%	669,4 k €	-3.8%	695,5 k €	+7.0%	650,2 k €	+14.3%	568,9 k €	+13.0%	503,5 k €	+11.1%	453,1 k €	+21.6%	372,6 k €	+14.4%	325,7 k €
Total assets	2,2 M €	+3.6%	2,1 M €	+1.2%	2,1 M €	-2.9%	2,2 M €	+6.4%	2,1 M €	+2.1%	2 M €	+4.3%	1,9 M €	+1.6%	1,9 M €	+3.6%	1,8 M €	-4.1%	1,9 M €	-2.0%	2 M €	-1.3%	2 M €	+4.6%	1,9 M €	+6.8%	1,8 M €	+15.8%	1,5 M €	+1.5%	1,5 M €	+32.6%	1,1 M €	+30.3%	870,5 k €	+0.5%	865,7 k €
Cash	984,3 k €	+98.2%	496,7 k €	-15.2%	585,4 k €	-17.9%	712,7 k €	+6.4%	669,6 k €	-7.5%	723,9 k €	+37.8%	525,3 k €	+54.6%	339,8 k €	+29.3%	262,8 k €	+317%	63 k €	+8.5%	58,1 k €	+48.9%	39 k €	+55.1%	25,1 k €	-49.4%	49,7 k €	-62.1%	131 k €	+125%	58,2 k €	+55.6%	37,4 k €	+106%	18,1 k €	-81.7%	98,8 k €
Debts	788,6 k €	+17.8%	669,2 k €	-6.6%	716,8 k €	+19.9%	597,9 k €	-14.3%	698 k €	+1.3%	689 k €	-8.3%	751,3 k €	-15.9%	893,6 k €	-3.3%	924,5 k €	-15.6%	1,1 M €	-7.3%	1,2 M €	-7.1%	1,3 M €	+9.8%	1,2 M €	+7.0%	1,1 M €	+17.5%	922 k €	-6.8%	989,1 k €	+45.3%	680,5 k €	+36.9%	497 k €	-8.0%	540 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Alexander Louwaege

Director · since 21 août 2023

Active

Karline Vindevoghel

Director · since 21 août 2023

Active

Ended mandates

Karline Vindevoghel

Director · since 11 janvier 2003

Ended

Alexander Louwaege

Director · since 19 avril 2001

Ended

ALEXANDER LOUWAEGE

Manager

Ended

KARLINE VINDEVOGHEL

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
KARVIN● Active	1008.950.349

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	31/08/2026	28/08/2025	30/08/2024	31/08/2023	29/08/2022	31/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	31/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	28/08/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	30/08/2024	Dutch	PDF
Abridged model	31/12/2022	30/06/2023	31/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	29/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	31/08/2021	Dutch	PDF
Micro model	31/12/2019	05/09/2020	22/10/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	23/07/2019	Dutch	PDF
Micro model	31/12/2017	23/06/2018	21/08/2018	Dutch	PDF
Micro model	31/12/2016	31/07/2017	30/08/2017	Dutch	PDF
Abridged model	31/12/2015	27/05/2016	22/07/2016	Dutch	PDF
Abridged model	31/12/2014	28/06/2015	27/08/2015	Dutch	PDF
Abridged model	31/12/2013	28/06/2014	23/07/2014	Dutch	PDF
Abridged model	31/12/2012	08/06/2013	04/07/2013	Dutch	PDF
Abridged model	31/12/2011	07/06/2012	05/07/2012	Dutch	PDF
Abridged model	31/12/2010	13/08/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	14/08/2010	27/08/2010	Dutch	PDF
Abridged model	31/12/2008	23/05/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	24/05/2008	28/08/2008	Dutch	PDF
Abridged model	31/12/2006	26/05/2007	24/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 31/12/2025 · 2 active · 4 ended

Active mandates

Alexander Louwaege

Director · since 21 août 2023

Active

Karline Vindevoghel

Director · since 21 août 2023

Active

Ended mandates

Karline Vindevoghel

Director · since 11 janvier 2003

Ended

Alexander Louwaege

Director · since 19 avril 2001

Ended

ALEXANDER LOUWAEGE

Manager

Ended

KARLINE VINDEVOGHEL

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates01/09/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares24/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office13/07/2006
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares03/02/2003
BENAMING - 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 2025282,2 k €↑
2024
Annual accounts 2024260,7 k €↑
2023
Annual accounts 2023218,4 k €↓
2022
Annual accounts 2022226,3 k €↑
2021
Annual accounts 2021183,8 k €↑
2019
Annual accounts 2019146,8 k €↓
2018
Annual accounts 2018172,8 k €↑
2017
Annual accounts 201796,8 k €↑
2016
Annual accounts 201692,8 k €↑
2015
Annual accounts 201548,7 k €↓
2014
Annual accounts 201465 k €↓
2013
Annual accounts 201388,9 k €↓
2012
Annual accounts 2012100,3 k €↓
2011
Annual accounts 2011123 k €↓
2010
Annual accounts 2010135,4 k €↑
2009
Annual accounts 2009114,4 k €↑
2008
Annual accounts 200880,5 k €↑
2007
Annual accounts 200747 k €↓
2006
Annual accounts 200685,8 k €
25/04/2001
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

KARAL

Overview

What does KARAL do?

Trend over 19 financial years

Indicative valuation

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