Karomia
Overview
Karomia is a Belgian sustainability-reporting startup founded in 2024 and based in Ghent, built by a team with a background in applied mathematics and AI (CEO Luc Machiels holds a PhD in the field). Rather than launching as a narrow VSME tool, Karomia positions itself as an AI-driven “sustainability intelligence system” that turns uploaded documents and internal data into structured reports across CSRD, ESRS, GRI, IFRS S1/S2, SASB, and VSME. The company has grown quickly on this broader framing, supporting more than 60 companies across Europe and the US, and raised a €2 million seed round in February 2025 which it’s using to extend the platform toward smaller companies preparing for VSME specifically.
Who it’s for
Karomia serves both SMEs and larger enterprises, and its published case studies skew toward mid-sized, operationally complex businesses — a Belgian steel-construction specialist, an aluminum rolled-products manufacturer, and an integrated logistics provider — often brought in through an accounting or ESG advisory partner rather than found directly. That makes it a reasonable fit for an SME that expects to keep scaling into fuller CSRD/ESRS obligations and wants one system that grows with them, or that’s already working with a consultant or accountant who uses Karomia.
Key features
- VSME reporting alongside CSRD, ESRS, GRI, IFRS S1/S2, and SASB output from the same underlying data — VSME sits inside a broader multi-framework system rather than a dedicated standalone product.
- AI-assisted double materiality assessment, including multilingual stakeholder surveys for gathering input across a supply chain or workforce.
- Document-upload-driven data extraction — the platform is built around pulling structured ESG data out of existing company documents rather than manual line-by-line entry.
- Kube ESG, a VSME-specific product built in partnership with Belgian banking-sector partners Febelfin and Isabel, aimed at making ESG reporting more accessible for SMEs approaching it through a banking relationship.
- Delivery through consulting and accounting-firm partnerships, including a stated relationship with PwC and Möbius, alongside direct self-signup.
Pricing
Karomia doesn’t publish pricing. Its Capterra listing shows “contact vendor for pricing” with a free trial available; cost appears to depend on reporting scope, number of entities, and whether the client comes through a consulting or accounting partner. As of writing, Karomia has no independent user reviews on G2 or Capterra, so there’s no third-party review data to weigh alongside the vendor’s own claims yet.
Bottom line
Karomia isn’t a VSME specialist in the way some tools in this list are — it’s a broader, fast-growing multi-framework reporting platform where VSME is one output among several, aimed at companies that expect their reporting needs to grow rather than stay fixed at a single voluntary filing. For an SME working with an accountant or ESG consultant already, or one that anticipates moving toward CSRD/ESRS scope, that breadth is a genuine advantage.
Leading SME ESG reporting platforms 