CIE KORAAL

Active

Private limited companyfounded 20205 yrs activeDuinenwater 108, 8300 Knokke-Heist, BelgiumKBO/BCE: BE 0759.473.673

The computed 12-month bankruptcy probability of CIE KORAAL is 4.2% (elevated). The 2024 annual accounts show negative equity (€-6k) and a net result of €-32k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 1854 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

14 / 100

Critical

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-94

Solvency0▼-87

Growth32▼-20

Track record94

Bankruptcy probability, 12 months

4.2% Elevated

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.13 against 1.85 in 2023; short-term debt: 154.6% and cash: 0.7% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-54.6%

Return on assets

-296.2%

Age of the figures

21 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 55

Relative position

BE, all sectors

reference

Sector 55

higher

← fewer bankruptcies more bankruptcies →

Negative equity

The 2024 annual accounts show negative equity and a net loss.

NBB · annual accounts 2024

Equity per financial year

21222324

2021 to 2024 · latest year €-6k

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

14 d late

2022

30 d late

2021

31 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-6k

2023 · €26k

2021: €18k 2022: €17k 2023: €26k

2021 → 2024

Total assets

€11k▼ 74.4%

2023 · €42k

2021: €51k 2022: €55k 2023: €42k

2021 → 2024

Net result

€-32k

2023 · €8k

2021: €13k 2022: €-375 2023: €8k

2021 → 2024

Working capital

€-14k

2023 · €13k

2021: €-6k 2022: €2k 2023: €13k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€18k-€17k▼ 2.1%€26k▲ 48.3%€-6k

Operating result€15k-€549▼ 96.4%€12k▲ 2,113%€-31k

Net result€13k-€-375€8k€-32k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €31k after €12k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €11k

79.9%

20.1%

Fixed assets €9k▼ 40.7%

Current assets €2k▼ 92.1%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-25k▼

2023 · €18k

Cash flow

€-26k▼

2023 · €14k

Solvency

-54.6%▼

2023 · 61.9%

Current ratio

0.13▼

2023 · 1.85

Quick ratio

0.13▼

2023 · 1.75

Debt / equity

-2.83▼

2023 · 0.62

ROA

-296.2%▼

2023 · 20.1%

Interest coverage

-35.64▼

2023 · 43.14

Debt

€17k▲

2023 · €16k

Debt ≤ 1 year

€17k▲

2023 · €15k

Income taxes

€167▼

2023 · €3k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€42k€11k▼

Formation expenses20€0€0=

Fixed assets21/28€14k€9k▼

Tangible fixed assets22/27€14k€9k▼

Plant, machinery and equipment23€13k€8k▼

Furniture and vehicles24€2k€887▼

Current assets29/58€27k€2k▼

Stocks and contracts in progress3€2k-

Stocks30/36€2k-

Amounts receivable within one year40/41€13k€2k▼

Trade receivables40€13k€1k▼

Other amounts receivable41-€150

Cash at bank and in hand54/58€13k€78▼

Deferred charges and accrued income490/1€412€433▲

Equity and liabilities

Total equity and liabilities10/49€42k€11k▼

Equity10/15€26k€-6k▼

Contributions10/11€5k€5k=

Profit (loss) carried forward14€21k€-11k▼

Amounts payable17/49€16k€17k▲

Amounts payable within one year42/48€15k€17k▲

Trade debts44€3k€2k▼

Suppliers440/4€3k€2k▼

Taxes, remuneration and social security45€7k€1k▼

Taxes450/3€7k€1k▼

Other amounts payable47/48€5k€14k▲

Accrued charges and deferred income492/3€1k-

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲

Other operating charges640/8€8k€8k▲

Gross operating margin9900€26k€-17k▼

Operating profit (loss)9901€12k€-31k▼

Financial income75/76B€0€0▼

Recurring financial income75€0€0▼

Financial charges65/66B€415€1k▲

Recurring financial charges65€415€694▲

Non-recurring financial charges66B-€318

Profit (loss) for the period before taxes9903€12k€-32k▼

Income taxes67/77€3k€167▼

Profit (loss) for the period9904€8k€-32k▼

Profit (loss) for the period to be appropriated9905€8k€-32k▼

Appropriation of the result

Profit (loss) to be appropriated9906€21k€-11k▼

Profit (loss) brought forward from the previous period14P€12k€21k▲

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Weakest financial yearnet €-32k ▼477%

Net result drops to €-32k, the lowest in the series.

14-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 14 days late

2023

31-12

Financial Back to profitnet €8k

Net result €8k after one loss-making year.

30-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 30 days late

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Knokke-Heist · 2 establishment units since 2020

establishment All 2 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Duinenwater 1088300 Knokke-Heist

Ground area

7,639 m²

Building footprint

726 m²

Volume, LiDAR

3,518 m³

2 parcels, Flanders, Wallonia · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.

2 establishment units

CIE KORAAL

Duinenwater 108, 8300 Knokke-HeistCultural education

since 20202.311.960.356

Moulin de Martinrive

Rue du Château 7, 4920 AywailleHoliday cottages, homes and apartments

since 20262.389.869.073

2 parcels

Flanders 1 (50%) Wallonia 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
31013D0154/00C000	Flanders	6,035 m²	1 · 242 m²	0.0 m
62009G0470/00L000	Wallonia	1,604 m²	1 · 484 m²	10.6 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Farkas Unlimited Company

Of 3,000 companies in sector 55203 we hold annual accounts for 690. 446 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded04-12-2020

Fiscal year end31-12

Activities, NACEBEL

55203Holiday cottages, homes and apartments

56301Cafés and bars

47511Retail trade

68203Renting and operating of own or leased non-residential real estate, excluding land

82300Organisation of conventions and trade shows

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

Contact details

1 entry

E-mail:carlo@danscentrum.be

Enterprise