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KAORA

Active
Public limited companyfounded 200719 yrs activeLouizalaan 188, 1050 Brussel, BelgiumKBO/BCE: BE 0889.622.632
Summary

The computed 12-month bankruptcy probability of KAORA is 1.9% (moderate). The 2025 annual accounts show negative equity (-€110,608) and a net result of -€8,164. Equity is shrinking by ~11% per year across the filed fiscal years. The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability36=
Solvency18▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
1.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
cash: 13.6% of total assets, and equity is negative.
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Signals

Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · 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 2025
Solvency, return and age of the figures
Solvency
-7.2%
Return on assets
-0.5%
Age of the figures
15 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 19 years 0 20 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€110,608
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
3 d early
2024
on the day
2023
1 d early
2022
on the day
2021
on the day
2020
28 d late
2019
35 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 8 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
neutral · 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

History

On 24 May 2007, KAORA was incorporated.1 Total assets went from EUR 2.2 million in 2019 to EUR 1.5 million in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

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Financials · fiscal year 2025, full schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€8,164▲ 35.9%
2024 · -€12,732
Working capital
-€7,611
2023 · €1,610
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€8,239▼ 9.3%-€8,823▼ 7.1%-€8,306▲ 5.9%-€12,628▼ 52.0%-€8,060▲ 36.2%
Net result-€8,243▼ 9.2%-€8,903▼ 8.0%-€8,459▲ 5.0%-€12,732▼ 50.5%-€8,164▲ 35.9%
Equity-€72,350▼ 12.9%-€81,252▼ 12.3%-€89,711▼ 10.4%-€102,444▼ 14.2%-€110,608▼ 8.0%
Total assets€2.2m=€2.2m▲ 0.1%€2.2m▲ 0.3%€2.2m▼ 0.3%€1.5m▼ 28.6%
Debt€2.2m▲ 0.4%€2.2m▲ 0.4%€2.3m▲ 0.6%€2.3m▲ 0.3%€1.7m▼ 26.9%
Working capital€178-€620€1,610-€7,611
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2021: -€8,239-€8,239Net result 2021: -€8,243-€8,243Operating result 2022: -€8,823-€8,823Net result 2022: -€8,903-€8,903Operating result 2023: -€8,306-€8,306Net result 2023: -€8,459-€8,459Operating result 2024: -€12,628-€12,628Net result 2024: -€12,732-€12,732Operating result 2025: -€8,060-€8,060Net result 2025: -€8,164-€8,16420212022202320242025-€15,000-€10,000-€5,000€0Operating result 2023: -€8,306-€8,310Net result 2023: -€8,459-€8,460Operating result 2024: -€12,628-€12,600Net result 2024: -€12,732-€12,700Operating result 2025: -€8,060-€8,060Net result 2025: -€8,164-€8,160202320242025
The operating result stays negative: a loss of €8,060 in 2025 against €12,628 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets €1.3m ▼ 38.4%
Current assets €212,893 ▲ 8,100%
Key figures and ratios
2025 value · change against 2024
Solvency
-7.2%▼
2024 · -4.7%
Debt to equity
-14.96▲
2024 · -22.10
ROA
-0.5%▲
2024 · -0.6%
Debt > 1 year
€1.7m▼
2024 · €2.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.2m€1.5m▼
Fixed assets21/28€2.2m€1.3m▼
Financial fixed assets28€2.2m€1.3m▼
Current assets29/58€2,596€212,893▲
Cash at bank and in hand54/58€333€210,631▲
Deferred charges and accrued income490/1€2,263€2,263=
Equity and liabilities
Total equity and liabilities10/49€2.2m€1.5m▼
Equity10/15-€102,444-€110,608▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Profit (loss) carried forward14-€164,444-€172,608▼
Amounts payable17/49€2.3m€1.7m▼
Amounts payable after more than one year17€2.3m€1.7m▼
Other amounts payable178/9€2.3m€1.7m▼
Amounts payable within one year42/48€10,208-
Trade debts44€10,208-
Suppliers440/4€10,208-
Accrued charges and deferred income492/3€592€847▲
Income statement Code20242025
Other operating charges640/8€1,222€1,002▼
Gross operating margin9900-€11,406-€7,058▲
Operating profit (loss)9901-€12,628-€8,060▲
Financial charges65/66B€104€104=
Recurring financial charges65€104€104=
Profit (loss) for the period before taxes9903-€12,732-€8,164▲
Profit (loss) for the period9904-€12,732-€8,164▲
Profit (loss) for the period to be appropriated9905-€12,732-€8,164▲
Appropriation of the result
Profit (loss) to be appropriated9906-€164,444-€172,608▼
Profit (loss) brought forward from the previous period14P-€151,711-€164,444▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€1,196€924€1,222€1,002▼ 18.0%
Gross operating margin9900-€7,371-€7,627-€7,383-€11,406-€7,058▲ 38.1%
Operating profit (loss)9901-€8,239-€8,823-€8,306-€12,628-€8,060▲ 36.2%
Recurring financial income75€0-----
Financial charges65/66B-€80€153€104€104=
Recurring financial charges65€4€80€153€104€104=
Profit (loss) for the period before taxes9903-€8,243-€8,903-€8,459-€12,732-€8,164▲ 35.9%
Income taxes67/77€0-----
Profit (loss) for the period9904-€8,243-€8,903-€8,459-€12,732-€8,164▲ 35.9%
Profit (loss) for the period to be appropriated9905-€8,243-€8,903-€8,459-€12,732-€8,164▲ 35.9%
Line20212022202320242025Change
Assets
Total assets20/58€2.2m€2.2m€2.2m€2.2m€1.5m▼ 28.6%
Fixed assets21/28€2.2m€2.2m€2.2m€2.2m€1.3m▼ 38.4%
Financial fixed assets28€2.2m€2.2m€2.2m€2.2m€1.3m▼ 38.4%
Current assets29/58€2,480€3,600€9,564€2,596€212,893▲ 8,100%
Cash at bank and in hand54/58€217€1,337€7,301€333€210,631▲ 63,061%
Deferred charges and accrued income490/1-€2,263€2,263€2,263€2,263=
Equity and liabilities
Total equity and liabilities10/49€2.2m€2.2m€2.2m€2.2m€1.5m▼ 28.6%
Equity10/15-€72,350-€81,252-€89,711-€102,444-€110,608▼ 8.0%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10-€62,000€62,000€62,000€62,000=
Issued capital100-€62,000€62,000€62,000€62,000=
Profit (loss) carried forward14-€134,350-€143,252-€151,711-€164,444-€172,608▼ 5.0%
Amounts payable17/49€2.2m€2.2m€2.3m€2.3m€1.7m▼ 26.9%
Amounts payable after more than one year17€2.2m€2.2m€2.2m€2.3m€1.7m▼ 26.6%
Other amounts payable178/9-€2.2m€2.2m€2.3m€1.7m▼ 26.6%
Amounts payable within one year42/48€2,301€4,220€7,954€10,208--
Trade debts44€2,301€4,220€7,954€10,208--
Suppliers440/4-€4,220€7,954€10,208--
Accrued charges and deferred income492/3-€544€482€592€847▲ 43.0%
Line20212022202320242025Change
Profit (loss) for the period9904-€8,243-€8,903-€8,459-€12,732-€8,164▲ 35.9%
Operating cash flow (approximation)-€8,243-€8,903-€8,459-€12,732-€8,164▲ 35.9%
Investment in fixed assets (approximation)-€0€0€0€828,414-
Change in cash-€1,121€5,964-€6,968€210,297▲ 3,118%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
28-01
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-01
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial Weakest financial yearnet -€12,732
Net result drops to -€12,732, the lowest in the series; recovery starts the following year.
30-01
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-01
NBB filing Annual accounts filed
fiscal year 2022 · full schema
2022
31-01
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial Liquidity triplescurrent ratio 1.08
Current ratio from 0.37 to 1.08; short-term debt falls from €6,365 to €2,301.
28-02
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 28 days late
2020
06-03
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 35 days late
2019
29-01
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
15-01
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
17-10
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 259 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
5 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, Brussel · 1 establishment unit since 2007
seat establishment approximate The establishment unit on the map
Ground area
185 m²
Building footprint
117 m²
Volume, LiDAR
1,984 m³
Parcel 21807G0136/00Z000, Brussels · tallest building 27.7 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
KAORA
Louizalaan 188, 1050 ElseneNACE 65234
since 20072.163.289.149
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0136/00Z000 Brussels 185 m² 1 · 117 m² 27.7 m · 6 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 30-06-2025 list no shareholders, and no other source names one.

Holdings 1

According to the annual accounts to 30-06-2025 of KAORA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPublic limited company
Founded24-05-2007
Fiscal year end30-06
Contact
Phone 02/771.01.61Elsene
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.