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DE KORENAAR

Active
Public limited companyfounded 1988active for 38 yearsIndustrieweg 50, 3620 Lanaken, BelgiumKBO/BCE: BE 0433.269.997
Summary

DE KORENAAR has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €56,073. Equity is growing by about 5.4% per year across the filed financial years. Its solvency ranks better than 94% of 788 sector peers (NACE 10, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

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DE KORENAARActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of food products
NACE 10711Artisanal bread and fresh pastry making NACE 10712
6 sites
Size
€1.3mtotal assets 2025
Staff
7.3 FTE
Equity
€1.1m
Profit
€56,073
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
4 members
2025 accounts on time1 of 7 deeds summarised
Why 96raises riskSector: Manufacture of food products (NACE 10)lowers riskLiquidity: current ratio 8.33, cash €974,446Equity €1.1m (88.1% of total assets)Founded in 1988Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 72% of its sector peers (NACE 10, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 88.1% of total assets
Liquidity 99+1
short-term debt 11.4% · cash 75.3%
Profitability 71+31
return on assets 4.3%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.1% (3,079 companies, NACE 10, micro)
Last 24 months 11-2024: 0.2%highest value 12-2024: 0.2%● unchanged vs 11-2024highest value 01-2025: 0.1%▼ -0.1 percentage points vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: < 0.1%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €100,000 on 30-day terms is acceptable
Liquidity ample (current ratio 8.33, compared with 7.17 in 2024, above the usual 1.5; short-term debt: 11.4% and cash: 75.3% of total assets), and 11.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, micro): better than 93% on solvency, 97% on liquidity, 48% on profitability and 49% on growth.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 8.33, cash €974,446
NBB · annual accounts
raises risk · Sector: Manufacture of food products (NACE 10)
KBO
lowers risk · Equity €1.1m (88.1% of total assets)
NBB · annual accounts
lowers risk · Founded in 1988
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
17 days early
2023
29 days late
2022
66 days late
2021
72 days late
2020
61 days late
2019
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 30 days after the deadline; the sector median (NACE 10) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 filed years within 42 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Positive: Among the best 7% on solvencysector median 39.7% · 788 companies 88.1% View
  • Positive: 7 profitable years in a rowprofit 2025: €56,073 7 years View
  • Active since 1988founded 01-02-1988 38 years View

By topic

Financials

Financial year
2025
Total assets
€1.3m
Profit
€56,073
Solvency
88.1%
Total assets▲ 3.1%
Net result
20182025
Go to Financials

Board & ownership

Board
4 members
  • MILISSEN Erwin Gerard JosephDirector
  • MILISSEN Jos GerardDirector
  • MILISSEN Jules Marie Michel JosephManaging director
  • STOUTEN Monda Maria AgnesManaging director
Go to Board & ownership

Timeline

Events
42
Since
1989
Next accounts
by 31-07-2027
  1. 09-02-2024Resignations: MILISSEN Jules Marie Michel Joseph, STOUTEN…
  2. 05-10-2023Annual accounts filed
  3. 31-12-2022Highest result from 2018 to 2025
Go to Timeline

Company details

Sites
6
Legal form
Public limited company
Activity
Manufacture of food productsNACE 10711
Founded
01-02-1988
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
43
Purpose
“Industriële brood- en banketbakkerij; Fabricage van peperkoek; Fabricage van beschuiten…” (deed in Dutch)
Go to Articles of association

Key facts about DE KORENAAR

What is the company number of DE KORENAAR?
0433.269.997. In Belgium the VAT number is the company number with BE in front: BE 0433.269.997.
Where is DE KORENAAR based?
The registered office is at Industrieweg 50, 3620 Lanaken.Company details
What does DE KORENAAR do?
According to the KBO register, the main activity is manufacture of food products (NACE 10711).
What is the legal form of DE KORENAAR?
Public limited company (NV).
When was DE KORENAAR founded?
On 01-02-1988.
Is DE KORENAAR still active?
Yes, DE KORENAAR is an active enterprise in the KBO register.
How many employees does DE KORENAAR have?
On average 7.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of DE KORENAAR?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is DE KORENAAR profitable?
In financial year 2025, DE KORENAAR made a profit of €56,073.
Where can I find the annual accounts of DE KORENAAR?
DE KORENAAR filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of DE KORENAAR due?
By 31-07-2027, for financial year 2026.Timeline

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