ACTIVE

KARABE

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Financial year 2025 · closed on 31/12/2025

Net result

-12,8 k €

-57.2% YoY

Gross margin

31,3 k €

+24.2% YoY

Equity

-370,8 k €

-3.6% YoY

What does KARABE do?

KARABE is a Public limited company incorporated in 2003. Its main activity is: Management consultancy activities. Its registered office is in Hoegaarden.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0860.004.671

Incorporation

13/06/2003

Legal form

Public limited company

Registered office

Kauterhof 75
3320 Hoegaarden · FlandreSee on map

Contributed capital

490 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

Positive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	31,3 k €	+24.2%	25,2 k €	+640%	3,4 k €	-97.4%	131,6 k €	+276%	34,9 k €	-53.8%	75,7 k €	-15.7%	89,8 k €	-11.0%	100,9 k €	+0.7%	100,2 k €	+40.5%	71,3 k €	+10.4%	64,6 k €	-3.2%	66,7 k €	+16.5%	57,3 k €	+25.2%	45,7 k €	+280%	12 k €	-65.1%	34,4 k €	-72.6%	125,4 k €	-10.7%	140,5 k €	+11.0%	126,6 k €	+202%	42 k €
EBITDA	28,1 k €	+19.4%	23,6 k €	+1354%	1,6 k €	-98.4%	99 k €	+199%	33,1 k €	-55.5%	74,5 k €	-16.3%	89 k €	+6.6%	83,5 k €	-6.3%	89,1 k €	+29.9%	68,6 k €	+9.3%	62,8 k €	+2.6%	61,2 k €	+18.4%	51,7 k €	+44.6%	35,7 k €	+633%	4,9 k €	-79.0%	23,2 k €	-80.0%	116,2 k €	-11.4%	131,1 k €	+14.6%	114,4 k €	+212%	36,7 k €
Operating result	19,3 k €	+83.3%	10,6 k €	+189%	-11,8 k €	-114%	86,2 k €	+415%	16,8 k €	-70.5%	56,7 k €	-19.9%	70,8 k €	+34.0%	52,8 k €	-8.6%	57,8 k €	+34.8%	42,9 k €	+4.9%	40,9 k €	+25.2%	32,6 k €	+4.8%	31,1 k €	-10.6%	34,8 k €	+908%	3,5 k €	-83.6%	21,1 k €	-80.8%	110,2 k €	-12.0%	125,3 k €	+10.1%	113,9 k €	+215%	36,2 k €
Net result	-12,8 k €	-57.2%	-8,1 k €	+42.0%	-14 k €	-136%	38,5 k €	+758%	-5,9 k €	-124%	23,9 k €	+3.6%	23,1 k €	+115%	10,7 k €	-1.9%	11 k €	+763%	-1,7 k €	-185%	1,9 k €	+181%	692 €	+109%	-8,1 k €	+54.0%	-17,6 k €	+59.8%	-43,9 k €	+96.1%	-1,1 M €	-10050%	11,3 k €	-84.2%	71,7 k €	+4.7%	68,5 k €	+428%	13 k €
Balance sheet
Equity	-370,8 k €	-3.6%	-358 k €	-2.3%	-349,9 k €	-4.2%	-335,8 k €	+10.3%	-374,4 k €	-1.6%	-368,5 k €	+6.1%	-392,4 k €	+5.6%	-415,5 k €	+2.5%	-426,3 k €	+2.5%	-437,2 k €	-0.4%	-435,6 k €	+0.4%	-437,5 k €	+0.2%	-438,2 k €	-1.9%	-430,1 k €	-4.3%	-412,5 k €	-11.9%	-368,6 k €	-149%	757,5 k €	+1.5%	746,2 k €	-44.9%	1,4 M €	+4.5%	1,3 M €
Total assets	245,5 k €	-1.0%	247,8 k €	-6.8%	265,8 k €	+10.0%	241,7 k €	+11.1%	217,5 k €	+4.8%	207,6 k €	-7.9%	225,3 k €	-12.3%	256,9 k €	-5.0%	270,3 k €	-9.3%	298,1 k €	-6.6%	319,1 k €	+7.5%	297 k €	+6.6%	278,5 k €	-12.8%	319,3 k €	-15.1%	376,3 k €	-20.1%	471,1 k €	-70.3%	1,6 M €	+0.2%	1,6 M €	-5.2%	1,7 M €	+2.1%	1,6 M €
Cash	1,3 k €	+94.4%	671,1 €	-1.5%	681,2 €	-98.8%	55 k €	+856%	5,7 k €	+1628%	332,8 €	-87.0%	2,6 k €	+406%	505,2 €	-55.7%	1,1 k €	+7875%	14,3 €	-92.6%	193 €	+329%	45 €	-99.9%	65,2 k €	-74.0%	251,2 k €	-19.2%	310,8 k €	+53.7%	202,2 k €		–		–		8,2 k €	+23.8%	6,6 k €
Debts	593,8 k €	+1.9%	582,6 k €	-1.5%	591,7 k €	+7.0%	552,8 k €	-6.6%	591,8 k €	+2.7%	576,1 k €	-6.7%	617,7 k €	-8.1%	672,4 k €	-3.5%	696,5 k €	-5.3%	735,3 k €	-2.6%	754,7 k €	+2.7%	734,5 k €	+2.5%	716,7 k €	-4.4%	749,4 k €	-5.0%	788,8 k €	-6.1%	839,7 k €	+1.1%	830,5 k €	-1.1%	839,4 k €	+181%	298,6 k €	-10.1%	332,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

GEERT MAES

Director

Active

Ended mandates

Geert Maes

Manager · since 06 juin 2003

Ended

GEERT MAES

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro 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	22/07/2025	29/07/2024	28/07/2023	27/07/2022	30/07/2021
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
Micro model	31/12/2025	30/06/2026	28/08/2026	Dutch	PDF
Micro model	31/12/2024	30/06/2025	22/07/2025	Dutch	PDF
Micro model	31/12/2023	30/06/2024	29/07/2024	Dutch	PDF
Micro model	31/12/2022	30/06/2023	28/07/2023	Dutch	PDF
Micro model	31/12/2021	30/06/2022	27/07/2022	Dutch	PDF
Micro model	31/12/2020	30/06/2021	30/07/2021	Dutch	PDF
Micro model	31/12/2019	30/06/2020	29/07/2020	Dutch	PDF
Micro model	31/12/2018	30/06/2019	30/08/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	30/08/2018	Dutch	PDF
Micro model	31/12/2016	30/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	30/06/2016	26/08/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	27/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	13/06/2014	Dutch	PDF
Abridged model	31/12/2012	31/07/2013	29/08/2013	Dutch	PDF
Abridged model	31/12/2011	29/06/2012	06/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	01/07/2011	Dutch	PDF
Abridged model	31/12/2009	24/12/2010	21/01/2011	Dutch	PDF
Abridged model	31/12/2008	30/11/2009	11/12/2009	Dutch	PDF
Abridged model	31/12/2007	06/06/2008	28/07/2008	Dutch	PDF
Abridged model	31/12/2006	01/06/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 1 active · 2 ended

Active mandates

GEERT MAES

Director

Active

Ended mandates

Geert Maes

Manager · since 06 juin 2003

Ended

GEERT MAES

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
PDF
Other02/10/2008
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other23/06/2003
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 2025-12,8 k €↓
2024
Annual accounts 2024-8,1 k €↑
2023
Annual accounts 2023-14 k €↓
2022
Annual accounts 202238,5 k €↑
2021
Annual accounts 2021-5,9 k €↓
2020
Annual accounts 202023,9 k €↑
2019
Annual accounts 201923,1 k €↑
2018
Annual accounts 201810,7 k €↓
2017
Annual accounts 201711 k €↑
2016
Annual accounts 2016-1,7 k €↓
2015
Annual accounts 20151,9 k €↑
2014
Annual accounts 2014692 €↑
2013
Annual accounts 2013-8,1 k €↑
2012
Annual accounts 2012-17,6 k €↑
2011
Annual accounts 2011-43,9 k €↑
2010
Annual accounts 2010-1,1 M €↓
2009
Annual accounts 200911,3 k €↓
2008
Annual accounts 200871,7 k €↑
2007
Annual accounts 200768,5 k €↑
2006
Annual accounts 200613 k €
13/06/2003
IncorporationPublic 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

KARABE

Overview

What does KARABE do?

Trend over 20 financial years

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