ACTIVE

Karman

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Financial year 2025 · closed on 31/12/2025
Net result
263,5 k €
-46.3% YoY
Gross margin
451,6 k €
-45.6% YoY
Equity
1,8 M €
+4.8% YoY

What does Karman do?

Karman is a Private limited company incorporated in 2015. Its main activity is: Management consultancy activities. Its registered office is in Oudenaarde.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0632.868.976
Incorporation
30/06/2015
Legal form
Private limited company
Registered office
Dijkstraat 31
9700 Oudenaarde · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities46190Agents involved in the sale of a variety of goods46190Agents involved in the sale of a variety of goods64200Activities of holding companies64210Activities of holding companies+2
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin451,6 k €829,4 k €491,2 k €620,3 k €682,6 k €229,7 k €123,4 k €146,2 k €177,3 k €
EBITDA445,5 k €823,7 k €486,3 k €617 k €680,1 k €228,8 k €122,8 k €141,6 k €176,9 k €
Operating result353,5 k €721,1 k €385 k €466,3 k €537,8 k €222,1 k €121 k €141,2 k €176,5 k €
Net result263,5 k €490,8 k €252,4 k €307,3 k €359,1 k €153,9 k €84,6 k €99,5 k €107 k €
Balance sheet
Equity1,8 M €1,8 M €1,5 M €1,2 M €907,8 k €548,7 k €394,8 k €310,2 k €215,7 k €
Total assets2,1 M €2,2 M €2 M €2,2 M €1,9 M €609,6 k €807,2 k €420,9 k €310,8 k €
Cash317,8 k €485,6 k €170,5 k €66 k €170,9 k €292,6 k €563,2 k €372,5 k €303,6 k €
Debts202,3 k €425,5 k €501,8 k €920,5 k €931 k €60,8 k €412,4 k €110,6 k €94,9 k €
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 · 2 ended

Active mandates

TINE VAN DEN HAUTE

Director · since 21 août 2020

Active
Karel Vandermeersch

Director · since 30 juin 2015

Active

Ended mandates

Tine VAN DEN HAUTE

Manager · since 21 août 2020

Ended
Karel Vandermeersch

Manager · since 30 juin 2015

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date04/07/202608/07/202512/07/202405/07/202320/06/202223/06/2021
General meeting19/06/202620/06/202521/06/202416/06/202317/06/202218/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202519/06/202604/07/2026DutchPDF
Micro model31/12/202420/06/202508/07/2025DutchPDF
Micro model31/12/202321/06/202412/07/2024DutchPDF
Micro model31/12/202216/06/202305/07/2023DutchPDF
Micro model31/12/202117/06/202220/06/2022DutchPDF
Abridged model31/12/202018/06/202123/06/2021DutchPDF
Abridged model31/12/201919/06/202030/06/2020DutchPDF
Abridged model31/12/201821/06/201928/06/2019DutchPDF
Abridged model31/12/201715/06/201829/06/2018DutchPDF
Abridged model31/12/201617/06/201727/06/2017DutchPDF
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 · 2 ended

Active mandates

TINE VAN DEN HAUTE

Director · since 21 août 2020

Active
Karel Vandermeersch

Director · since 30 juin 2015

Active

Ended mandates

Tine VAN DEN HAUTE

Manager · since 21 août 2020

Ended
Karel Vandermeersch

Manager · since 30 juin 2015

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office24/01/2025
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates04/12/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - WIJZIGING RECHTSVORM - DIVERSEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/09/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other02/07/2015
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025263,5 k €↓
  2. 2024
    Annual accounts 2024490,8 k €↑
  3. 2023
    Annual accounts 2023252,4 k €↓
  4. 2022
    Annual accounts 2022307,3 k €↓
  5. 2021
    Annual accounts 2021359,1 k €↑
  6. 2020
    Annual accounts 2020153,9 k €↑
  7. 2019
    Annual accounts 201984,6 k €↓
  8. 2018
    Annual accounts 201899,5 k €↓
  9. 2017
    Annual accounts 2017107 k €
  10. 30/06/2015
    IncorporationPrivate limited company