Karomia
Karomia is a Belgian SaaS company that provides an AI-driven sustainability reporting platform automating CSRD/ESRS, VSME, IFRS S1 & S2, and GRI compliance for European enterprises, SMEs, and the Belgian Kube national ESG data exchange.
- Company typePrivate
- Founded2024
- HeadquartersDrongen, Belgium
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Karomia does
Karomia is a Belgian SaaS company, founded in 2024 and headquartered in Ghent, that provides an AI-driven sustainability reporting platform for European companies navigating the Corporate Sustainability Reporting Directive (CSRD) and related frameworks. The platform processes unstructured company documents (invoices, HR policies, utility bills, environmental and governance reports) using AI-based document intelligence to extract ESG-relevant data, identify Impacts, Risks, and Opportunities (IROs), and generate draft disclosures aligned with ESRS, VSME, IFRS S1 & S2, and GRI. Core modules include a Double Materiality Assessment (DMA) workflow with IRO-to-PAT traceability, a CSRD/ESRS report generator, a VSME report generator (capable of filling up to 80% of an SME report from existing documents), and a stakeholder engagement engine that supports surveys across 56–125+ respondents per assessment.
Karomia monetizes through annual SaaS subscriptions with an automatic 7% annual price escalator, supplemented by an optional SME Support professional services line; exact pricing is not publicly disclosed and is gated behind demo bookings. The company runs a tri-channel go-to-market: a product-led growth motion via a free CSRD report demo, an enterprise field-sales motion targeting companies with 1,000+ employees and €450M+ turnover, and a partner channel of sustainability/ESG consultants and accounting firms. A flagship ecosystem extension, the Kube national ESG data exchange, was co-developed with Isabel and the Belgian banking federation Febelfin and is used by all four major Belgian banks (ING Belgium, BNP Paribas Fortis, Belfius, KBC) to collect standardized VSME-aligned ESG data from SME clients. Notable customers include La Lorraine Bakery Group, Van Moer Logistics, Aluminium Duffel, beMatrix, Steyaert-Heene, and the consultancy Agio Advisory.
The company is privately held, backed by a €2M seed round (February 2025) led by Entourage with the imec.istart Future Fund and imec.istart Fund, and is ISO/IEC 27001 certified. It operates with a 16-person team spanning engineering, AI, product, customer success, and sustainability advisory, and has been recognized by EU-Startups as one of 10 Belgian startups to watch in 2026 and beyond.
Karomia firmographics
Firmographics- Name
- Karomia
- Legal name
- Karomia BV
- Website
- https://karomia.eu
- Company type
- Private
- Founded year
- 2024
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Karomia is a Belgian SaaS company that provides an AI-driven sustainability reporting platform automating CSRD/ESRS, VSME, IFRS S1 & S2, and GRI compliance for European enterprises, SMEs, and the Belgian Kube national ESG data exchange.
- Ownership category
- akta.pro rank
Karomia industry classification
Industry- Product category
- Sustainability Reporting Software
- NAICS
- Software Publishers (5132)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- ESG, Sustainability Reporting & Compliance (BPAEAPAM)
- akta.pro secondary industries
- Sustainability & ESG Reporting (GRI/SASB/ISSB/CSRD) (EUAHAJAB), IT Governance, Risk & Compliance (IT GRC) Platforms (HDAEALAK), Enterprise AI Governance, Risk & Compliance Platforms (Model Risk, Audit, Policies) (HDAEANAE), Compliance Technology, GRC Platforms & Controls Automation Advisory (BPAHAFAO)
Keywords
Where Karomia is headquartered
LocationHeadquarters
- HQ city
- Drongen
- HQ country
- Belgium
- HQ region
- Europe
Offices1 record
Markets served
Karomia business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Subscription: Subscription-based SaaS model providing access to Karomia's sustainability reporting platform. Fees are VAT excluded and automatically increase by 7% annually at the start of each calendar year. Subscriptions auto-renew for 12-month terms unless terminated 45 days prior to anniversary.
- SME Support: Subject matter expert support provided by Karomia and its subcontractors to accompany users of the Solution, helping them obtain better outcomes from the platform.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | SME solution for small and medium enterprises |
| Subscription | Annual | Enterprise solution for large companies |
| Subscription | Annual | SME Support - subject matter expert assistance |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels6 records
Karomia product offering
Product offeringCore offering
Karomia provides an AI-driven sustainability reporting platform that automates Double Materiality Assessments, CSRD/ESRS reporting, and VSME reporting. The platform ingests unstructured company documents (invoices, HR policies, utility bills, governance documents), automatically identifies Impacts, Risks, and Opportunities (IROs), engages stakeholders, and produces audit-ready sustainability statements. It is offered via subscription to enterprises and SMEs, supplemented by SME Support services and the Kube national ESG data exchange platform.
Product overview
Karomia offers a unified sustainability intelligence platform with three core modules (DMA, CSRD/ESRS Report, and VSME Report) plus the Kube platform developed in partnership with Isabel. The AI-driven platform automates ESG reporting by processing company documents, conducting materiality assessments, and generating compliant sustainability reports. Solutions are available in two tiers: SME Solutions for small and medium enterprises and Enterprise Solutions for large organizations. The platform also offers SME Support as an accompanying professional service.
Differentiator
Problem solved
Functional benefit
Products and services
- Double Materiality Assessment (DMA) AI-powered module that guides users through the Double Materiality Assessment process for CSRD compliance, including IRO (Impacts, Risks, and Opportunities) analysis, stakeholder mapping, engagement surveys, materiality calculation, and IRO-to-PAT traceability. Designed for ESG teams at enterprises and consultancies supporting CSRD reporting.
- CSRD/ESRS Report Reporting module that generates CSRD-compliant sustainability statements aligned with the simplified ESRS requirements, featuring automated data collection, fit-gap assessment, and report generation. Built for large enterprises subject to mandatory CSRD reporting.
- VSME Report Reporting solution for SMEs to generate VSME-compliant sustainability reports with Basic and Comprehensive module support, enabling companies to respond to ESG data requests from banks, large corporates, and supply chain partners.
- Kube Belgian national ESG data exchange platform developed by Karomia and Isabel under Febelfin's initiative, enabling financial institutions to collect standardised ESG data from SME clients aligned with the VSME standard. Deployed with ING Belgium, BNP Paribas Fortis, Belfius, and KBC.
- SME Support Subject matter expert support service provided by Karomia and its subcontractors to accompany users of the platform, helping customers obtain better outcomes from their ESG reporting and DMA work.
Quantifiable outcome
- 30+ audits passed using the platform
- +5 more outcomes
Companies that use Karomia
Customer profileNamed customers6 records
Segments4 records
Ideal customer profiles3 records
Karomia technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
AI capability6 records
Feature5 records
Karomia partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered major, flagship and core.
- imec.istartmajorAccelerator program providing funding, mentorship, and resources to help Karomia develop its ESG reporting technology. Karomia was selected for the Spring 2024 cohort.
- FebelfinflagshipBelgian financial federation that initiated the Kube platform project in partnership with Karomia to enable Belgian banks to collect standardized ESG data from SME clients aligned with VSME standard.
- IsabelflagshipDeveloped the Kube national ESG data exchange platform together with Karomia, built on Febelfin's initiative with advice from federations and government bodies.
- ING BelgiumcoreOne of four major Belgian banking partners using Kube platform to collect standardized ESG data from SME clients.
- BNP Paribas FortiscoreOne of four major Belgian banking partners using Kube platform to collect standardized ESG data from SME clients.
- BelfiuscoreOne of four major Belgian banking partners using Kube platform to collect standardized ESG data from SME clients.
- KBCcoreOne of four major Belgian banking partners using Kube platform to collect standardized ESG data from SME clients.
- Agio AdvisorycoreLeading Belgian consultancy that partners with Karomia to help clients like Aluminium Duffel navigate CSRD compliance efficiently using Karomia's automation capabilities.
Scale indicators11 records
Recent moves6 records
Expansion highlights6 records
Karomia competitors and assessment
Company assessmentBroad incumbents
- Workiva: Large, US-listed ESG and GRC reporting platform with strong CSRD/ESRS support. Direct category competitor for enterprise sustainability reporting, but competes across a much broader portfolio of audit, risk, and SEC reporting solutions.
- Diligent (ESG/GRC): Established GRC platform that has expanded into ESG and CSRD reporting via acquisitions. Represents the incumbent threat of a wider GRC suite absorbing ESG functionality.
- Microsoft Sustainability Cloud: Microsoft's enterprise sustainability and ESG data platform embedded in the broader Cloud and Power Platform stack. Represents the bundled-incumbent threat, particularly for enterprise buyers standardizing on Microsoft.
Direct peers
- Watershed: Enterprise climate and sustainability platform covering CSRD/ESRS reporting, double materiality, and value-chain data exchange. Most directly comparable peer in product scope and target buyer (large enterprises).
- Persefoni: Carbon accounting and climate management platform with CSRD/ESRS reporting modules and AI-assisted data collection. Comparable AI-driven sustainability reporting approach targeting mid-market and enterprise.
- Sweep: European-headquartered sustainability management platform with strong CSRD/VSME focus, value-chain data collection, and double materiality tooling. Closely aligned with Karomia's product and European customer base.
- Normative: Carbon accounting and CSRD reporting software focused on European mid-market and enterprise customers. Directly comparable scope on emissions accounting, DMA, and ESRS-aligned disclosure generation.
- Plan A: Berlin-based ESG and carbon management SaaS with CSRD/VSME support, similar SME-supply-chain data exchange thesis. Competes head-to-head with Karomia in DACH and broader EMEA.
- Greenly: Carbon accounting and ESG reporting platform with strong European SMB/mid-market positioning and CSRD/VSME modules. Comparable in target customer profile and AI-assisted data ingestion approach.
Emerging players
- Position Green: Nordic-headquartered ESG/CSRD reporting platform with strong SME and enterprise traction. Adjacent geographic overlap with Karomia in Northern Europe and similar CSRD focus.
Market position
Strengths5 records
Weaknesses4 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
Karomia social profiles
Digital presenceKaromia compliance and trust
Trust signalCompliance1 record
Karomia financial estimates
Financial estimateRevenue estimate
Valuation estimate
Karomia leadership team
Management profileNumber of profiles
Profiles16 records
Karomia funding detail
Funding detailFunding overview
Funding rounds2 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Karomia M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Karomia
What does Karomia do?
Karomia provides an AI-driven sustainability reporting platform that automates Double Materiality Assessments, CSRD/ESRS reporting, and VSME reporting. The platform ingests unstructured company documents (invoices, HR policies, utility bills, governance documents), automatically identifies Impacts, Risks, and Opportunities (IROs), engages stakeholders, and produces audit-ready sustainability statements. It is offered via subscription to enterprises and SMEs, supplemented by SME Support services and the Kube national ESG data exchange platform.
Is Karomia a public or private company?
Karomia is a private company. It is classified as venture growth investor backed and is currently operating.
When was Karomia founded?
Karomia was founded in 2024. It employs 11 to 50 people.
Where is Karomia based?
Karomia is headquartered in Drongen, Belgium, in the Europe region.
How does Karomia make money?
Two revenue lines are on record. Software Subscription is the primary driver. The others are SME Support.
Who are Karomia's main competitors?
Broad incumbents on record are Workiva, Diligent (ESG/GRC) and Microsoft Sustainability Cloud. Direct peers are Watershed, Persefoni, Sweep, Normative, Plan A and Greenly. Position Green is listed as an emerging player.
Does Karomia have an API?
No public API is recorded for Karomia.
What industry is Karomia in?
Karomia's product category is Sustainability Reporting Software. Its primary akta.pro industry code is BPAEAPAM, ESG, Sustainability Reporting & Compliance, with a secondary code of EUAHAJAB, Sustainability & ESG Reporting (GRI/SASB/ISSB/CSRD). Its NAICS code is 5132 and its SIC code is 7372.