Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 11.3 to 2.6.
Financials
Financial year 2025
KARRAS from Verviers, company number BE0437114167, closed financial year 2025 with a result of € 1.7 million after tax. For that financial year KARRAS recorded a gross margin of € 2 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 349,579 to € 1.7 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2026.
€ 1.5 million
▲ € 1.7 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.7 million
▲ € 1.3 million vs 2024
Profit after tax over the fiscal year.
€ 352,821
▲ € 282,592 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -809,426.
People and assets in 2025
2.6
▼ 2.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 224,766
▼ 31% vs 2024
€ 86,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,852
▼ 55% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 31% vs 2024
€ 153,979 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 43,074
▼ 94% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 74,581
▲ 19% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,674,450 | € 8,937,221 | - | - | |
| Gross margin | - | - | € 910,474 | € 2,036,152 | ▲ 124% |
| Profit after taxes | € -1,215,197 | € -92,374 | € 349,579 | € 1,658,964 | ▲ € 1.3 million |
| Equity | € -759,360 | € -521,914 | € -172,335 | € 1,486,629 | ▲ € 1.7 million |
| Total debts | € 5,966,747 | € 3,140,021 | € 2,449,564 | € 1,276,354 | ▼ 48% |
| Cash | € 186,451 | € 80,871 | € 70,229 | € 352,821 | ▲ € 282,592 |
| Land & buildings | € 240,274 | € 219,288 | € 191,695 | € 0 | ▼ 100% |
| Retained profit | € -2,725,595 | € -2,817,969 | € -2,468,390 | € -809,426 | ▲ € 1.7 million |
| Bank debt | € 2,997,754 | € 1,773,806 | € 1,657,740 | € 1,137,925 | ▼ 31% |
| Balance sheet total | € 5,207,387 | € 2,618,107 | € 2,277,229 | € 2,762,983 | ▲ 21% |
| Employees (FTE) | 28.5 | 11.3 | 5.3 | 2.6 | ▼ 2.7 |
Key figures of KARRAS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to KARRAS?
What happened at KARRAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bernard SCHWANEN stepped down as director. NBB
- FINATCO SA stepped down as director. NBB
- EUROPE ET CROISSANCE SRL stepped down as director. NBB
- Nicolas DAMBRINNE stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.7 million (▲ € 1.3 million vs 2024). filed late Source: NBB ↗
- New establishment in Verviers. KBO
- Bernard SCHWANEN became a director. NBB
- EUROPE ET CROISSANCE SRL became a director. NBB
In short
From € 1.2 million loss in 2022 to € 1.7 million profit in 2025.
Paid € 5,521 in corporate taxes since 2022.
Best year ever: 2025, with € 1.7 million profit.
On average € 783,100 of value added per employee in 2025.
Management
The shares are held by FLORIDIENNE SA (64%), EUREFI SARL (30%) and SIMON SELECTION SAS (6%).
Directors
According to the 2025 annual accounts
since 2021 · until 2027
Director · represented by Philippe-Jean BOONEN
Also active at: DELKA, ALTESSE QUALITY FOOD, GREENBE, PAOLINA CLOTHES, DELBIS
since 2021 · until 2027
EUROPE ET CROISSANCE SRL
Director · represented by Xavier DETHIER
Also active at: DFM SAVEURS, SALM INVEST
since 2021 · until 2027
Nicolas DAMBRINNE
Director
since 2021 · until 2027
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue de Gelée 4
4800 Verviers
Avenue de Lambusart(L) 11
6220 Fleurus
Active since 13 April 1989
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0437.114.167
- VAT number
- BE 0437.114.167
- Registered office
- Rue de Gelée 4, 4800 Verviers
- Names & denominations
- KARRAS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 March 1989
- Peppol
- Active · Active since 24 Nov 2025
- Contact
- karrasgroup.be [email protected]
- Activities · NACE
Vervaardiging van andere voedingsmiddelen, neg
Vervaardiging van overige voedingsmiddelen, n.e.g.
Groothandel in suiker, chocolade en suikerwerk