ACTIVE

KARAMA SOLIDARITY

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Financial year 2025 · Closed on 31/12/2025

Net result3,3 M €-21,7 %over 1 year

Revenue7,1 k €+31,0 %over 1 year

Equity19,3 M €+19,7 %over 1 year

Workforce16,6 ETP+11,4 %over 1 year

Identity

Source · BCE/KBO

KARAMA SOLIDARITY is a Non-profit organization incorporated in 2014. Its main activity is: Retail sale of second-hand goods in stores. Its registered office is in Molenbeek-Saint-Jean. It employs on average 16,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0559.942.594
Incorporation: 21/08/2014
Legal form: Non-profit organization
Registered office: Rue Ulens 26/28
1080 Molenbeek-Saint-Jean · BruxellesSee on map
Latest accounts: 31/12/2025
Average workforce: 16,6 ETP

Activities (NACE)

47792Retail sale of second-hand goods in stores· main 47792Retail sale of second-hand goods in stores 88999Other social work activities without accommodation n.e.c.88999Other social work activities without accommodation n.e.c.

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 12 filings

Trend over 11 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	7,1 k €	+31.0%	5,4 k €	-99.9%	9,3 M €	+181730%	5,1 k €	-32.6%	7,6 k €
EBITDA	3,7 M €	-18.8%	4,5 M €	+86.0%	2,4 M €	-67.5%	7,5 M €	+5473%	134,9 k €
Operating result	3,6 M €	-19.0%	4,5 M €	+85.0%	2,4 M €	-67.7%	7,5 M €	+5634%	130,9 k €
Net result	3,3 M €	-21.7%	4,3 M €	+83.9%	2,3 M €	-68.9%	7,5 M €	+13109%	56,4 k €
Balance sheet
Equity	19,3 M €	+19.7%	16,1 M €	+62.7%	9,9 M €	+30.6%	7,6 M €	+5922%	125,8 k €
Total assets	21,4 M €	+27.9%	16,7 M €	+62.5%	10,3 M €	+33.5%	7,7 M €	+11.5%	6,9 M €
Cash	20,2 M €	+30.6%	15,4 M €	+52.8%	10,1 M €	+34.3%	7,5 M €	+9.9%	6,8 M €
Debts	2,1 M €	+245%	610,8 k €	+293%	155,3 k €	+38.8%	111,9 k €	+7.2%	104,4 k €
Other
Workforce	16,6 ETP	+11.4%	14,9 ETP	+2.1%	14,6 ETP	+8.1%	13,5 ETP	+6.3%	12,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 14 ended

Active mandates

ABDELILAH CHATAR

Mandate

Active

Abdellah ZAHRI

Mandate

Active

HOCINE BENABDERAHMAN

Mandate

Active

JAMAL ZAHRI

Mandate

Active

TAHAR CHAHBI

Mandate

Active

Ended mandates

BRAHIM BEN HADOU

Vice-Trésorier · since 30 juin 2021 · until 25 juin 2022

Ended

BRAHIM BEN HADOU

Vice-Trésorier · since 30 juin 2021 · until 30 juin 2026

Ended

TAHAR CHAHBI

Trésorier · since 30 juin 2021 · until 30 juin 2026

Ended

ABDELILAH CHATAR

Mandate · since 09 novembre 2018 · until 09 novembre 2023

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	01/07/2026	09/07/2025	19/09/2024	31/12/2023	15/12/2022	07/07/2021
General meeting	19/06/2026	27/06/2025	06/09/2024	22/12/2023	25/06/2022	25/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 12 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	19/06/2026	01/07/2026	French	PDF
Full model	31/12/2024	27/06/2025	09/07/2025	French	PDF
Full model	31/12/2023	06/09/2024	19/09/2024	French	PDF
Full model	31/12/2022	22/12/2023	31/12/2023	French	PDF
Full modelCorrection	31/12/2021	25/06/2022	15/12/2022	French	PDF
Full model	31/12/2021	25/06/2022	29/09/2022	French	PDF
Full model	31/12/2020	25/06/2021	07/07/2021	French	PDF
Full model	31/12/2019	30/09/2020	12/11/2020	French	PDF
Full model	31/12/2018	15/07/2019	17/09/2019	French	PDF
Full model	31/12/2017	01/11/2018	13/11/2018	French	PDF
Full model	31/12/2016	01/11/2018	10/11/2018	French	PDF
Full model	31/12/2015	01/11/2018	10/11/2018	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 14 ended

Active mandates

ABDELILAH CHATAR

Mandate

Active

Abdellah ZAHRI

Mandate

Active

HOCINE BENABDERAHMAN

Mandate

Active

JAMAL ZAHRI

Mandate

Active

TAHAR CHAHBI

Mandate

Active

Ended mandates

BRAHIM BEN HADOU

Vice-Trésorier · since 30 juin 2021 · until 25 juin 2022

Ended

BRAHIM BEN HADOU

Vice-Trésorier · since 30 juin 2021 · until 30 juin 2026

Ended

TAHAR CHAHBI

Trésorier · since 30 juin 2021 · until 30 juin 2026

Ended

ABDELILAH CHATAR

Mandate · since 09 novembre 2018 · until 09 novembre 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates11/05/2026
DEMISSIONS, NOMINATIONS
PDF
Other24/12/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates08/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates28/12/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates21/10/2022
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates19/10/2021
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates28/12/2018
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates03/03/2015
DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

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

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Timeline

2025
Annual accounts 20253,3 M €↓
2024
Annual accounts 20244,3 M €↑
2023
Annual accounts 20232,3 M €↓
2022
Annual accounts 20227,5 M €↑
2021
Annual accounts 202156,4 k €↑
2020
Annual accounts 2020-656 €↑
2019
Annual accounts 2019-77,1 k €↓
2018
Annual accounts 2018467,6 €↓
2017
Annual accounts 201751,1 k €↑
2016
Annual accounts 201647,7 k €↓
2015
Annual accounts 201547,9 k €
21/08/2014
IncorporationNon-profit organization

KARAMA SOLIDARITY

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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

Timeline