ACTIVE

Karure

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Financial year 2025 · closed on 31/12/2025

Net result

44,7 k €

+161.1% YoY

Gross margin

226,3 k €

+6.0% YoY

Equity

13,5 k €

+143.0% YoY

Workforce

1,6 ETP

-11.1% YoY

What does Karure do?

Karure is a Private limited company incorporated in 2016. Its main activity is: Development of building projects. Its registered office is in Poperinge. It employs on average 1,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0648.722.340

Incorporation

16/02/2016

Legal form

Private limited company

Registered office

Hofstraat 2
8970 Poperinge · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

1,6 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 41102Development of building projects 68100Buying and selling of own real estate 68110Buying and selling of own real estate 68122Buying and selling of own real estate+6

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016
Income statement
Gross margin	226,3 k €	+6.0%	213,6 k €	-34.0%	323,6 k €	+9.5%	295,6 k €	+42.8%	207 k €	+163%	78,6 k €	-41.2%	133,6 k €	-16.9%	160,7 k €	+2524%	-6,6 k €	-455%	1,9 k €
EBITDA	103,1 k €	+17.7%	87,6 k €	-51.3%	179,7 k €	+5.6%	170,2 k €	+17.6%	144,7 k €	+301%	36,1 k €	-72.5%	131,5 k €	-17.1%	158,7 k €	+2457%	-6,7 k €	-461%	1,9 k €
Operating result	98,7 k €	+336%	-41,8 k €	-177%	54,2 k €	+37.0%	39,6 k €	+125%	17,5 k €	+122%	-79,1 k €	-276%	45 k €	-65.6%	130,9 k €	+1567%	-8,9 k €	-578%	1,9 k €
Net result	44,7 k €	+161%	-73,2 k €	-815%	10,2 k €	+176%	3,7 k €	+133%	-11,2 k €	+86.6%	-84,1 k €	-623%	16,1 k €	-83.1%	95,2 k €	+1357%	-7,6 k €	-814%	1,1 k €
Balance sheet
Equity	13,5 k €	+143%	-31,3 k €	-175%	41,9 k €	+32.3%	31,7 k €	+13.3%	28 k €	-28.7%	39,2 k €	-68.2%	123,3 k €	+15.0%	107,2 k €	+787%	12,1 k €	+66.5%	7,3 k €
Total assets	3,8 M €	-54.1%	8,2 M €	+31.5%	6,2 M €	-32.1%	9,2 M €	-16.9%	11 M €	+22.1%	9 M €	+31.0%	6,9 M €	+60.0%	4,3 M €	+130%	1,9 M €	+983%	173,4 k €
Cash	1,6 M €	+355%	355,5 k €	+157%	138,1 k €	-42.2%	238,9 k €	+169%	88,9 k €	-81.5%	479,3 k €	+82.5%	262,6 k €	+55.1%	169,3 k €	+8998%	1,9 k €	-93.0%	26,5 k €
Debts	3,7 M €	-55.0%	8,1 M €	+34.2%	6,1 M €	-33.0%	9 M €	-16.4%	10,8 M €	+22.5%	8,8 M €	+31.7%	6,7 M €	+62.2%	4,1 M €	+128%	1,8 M €	+1012%	163,1 k €
Other
Workforce	1,6 ETP	-11.1%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	+125%	0,8 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 6 ended

Active mandates

Filip Mahieu

Director · since 01 janvier 2024

Active

Jurgen Buseyne

Director · since 24 avril 2020

Active

Ended mandates

Filip Maekelberg

Director · since 24 avril 2020

Ended

Jurgen Buseyne

Director · since 12 février 2016

Ended

Jurgen Buseyne

Manager · since 12 février 2016

Ended

Filip Maekelberg

Director · since 11 février 2016

Ended

At this address

Other companies at this address

Company	CBE no.
CAZARI● Active	0762.641.021
M.B.V.-Ontwikkeling● Active	0555.712.010

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	28/08/2026	29/09/2025	29/08/2024	25/08/2023	22/07/2022	28/09/2021
General meeting	31/07/2026	30/08/2025	31/07/2024	31/07/2023	30/06/2022	01/09/2021
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

10 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/07/2026	28/08/2026	Dutch	PDF
Abridged model	31/12/2024	30/08/2025	29/09/2025	Dutch	PDF
Abridged model	31/12/2023	31/07/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	31/07/2023	25/08/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	22/07/2022	Dutch	PDF
Abridged model	31/12/2020	01/09/2021	28/09/2021	Dutch	PDF
Abridged model	31/12/2019	31/07/2020	28/08/2020	Dutch	PDF
Abridged model	31/12/2018	14/06/2019	01/07/2019	Dutch	PDF
Abridged model	31/12/2017	08/06/2018	04/07/2018	Dutch	PDF
Micro model	31/12/2016	09/06/2017	26/06/2017	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 6 ended

Active mandates

Filip Mahieu

Director · since 01 janvier 2024

Active

Jurgen Buseyne

Director · since 24 avril 2020

Active

Ended mandates

Filip Maekelberg

Director · since 24 avril 2020

Ended

Jurgen Buseyne

Director · since 12 février 2016

Ended

Jurgen Buseyne

Manager · since 12 février 2016

Ended

Filip Maekelberg

Director · since 11 février 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Registered office06/06/2023
MAATSCHAPPELIJKE ZETEL
PDF
Other14/04/2021
BENAMING
PDF
Other13/05/2020
DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Other18/02/2016
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

2025
Annual accounts 202544,7 k €↑
2024
Annual accounts 2024-73,2 k €↓
2023
Annual accounts 202310,2 k €↑
2022
Annual accounts 20223,7 k €↑
2021
Annual accounts 2021-11,2 k €↑
2020
Annual accounts 2020-84,1 k €↓
2019
Annual accounts 201916,1 k €↓
2018
Annual accounts 201895,2 k €↑
2017
Annual accounts 2017-7,6 k €↓
2016
Annual accounts 20161,1 k €
16/02/2016
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

Karure

Overview

What does Karure do?

Trend over 10 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