KAORIS
ActiveSummary
KAORIS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €149,845 and a net result of €1.1m. Equity is growing by ~33.2% per year across the filed fiscal years. Its solvency ranks better than 15% of 31958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency33▼-67
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity tight (current ratio 1.09 against 9.65 in 2024; short-term debt: 91.7% and cash: 97.2% of total assets), and 91.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.3%
Return on assets
62.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 31958 sector peers (2025).
NBB · sector comparisonPosition among 31958 sector peers
Solvency
better than 15%
← weakest
strongest →
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 10-06-2026, 51 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
51 d early
2024
48 d early
2023
40 d early
2022
17 d late
2021
27 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 30 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 22 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€149,845▼ 84.9%
2024 · €990,136
Total assets
€1.8m▲ 63.9%
2024 · €1.1m
Net result
€1.1m▲ 114%
2024 · €531,017
Working capital
€148,665▼ 84.9%
2024 · €983,968
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€280,201-€423,021▲ 51.0%€418,490▼ 1.1%€693,883▲ 65.8%€1.5m▲ 117%
Net result€215,345above the sector's middle half-€320,514above the sector's middle half▲ 48.8%€321,156above the sector's middle half▲ 0.2%€531,017above the sector's middle half▲ 65.3%€1.1mabove the sector's middle half▲ 114%
Equity€217,345within the sector's middle half-€537,859above the sector's middle half▲ 147%€859,015above the sector's middle half▲ 59.7%€990,136above the sector's middle half▲ 15.3%€149,845within the sector's middle half▼ 84.9%
Total assets€300,578within the sector's middle half-€725,153above the sector's middle half▲ 141%€1.1mabove the sector's middle half▲ 49.9%€1.1mabove the sector's middle half▲ 1.6%€1.8mabove the sector's middle half▲ 63.9%
Debt€83,234-€187,294▲ 125%€227,951▲ 21.7%€113,730▼ 50.1%€1.7m▲ 1,359%
Working capital€196,216above the sector's middle half-€521,717above the sector's middle half▲ 166%€822,860above the sector's middle half▲ 57.7%€983,968above the sector's middle half▲ 19.6%€148,665above the sector's middle half▼ 84.9%
Solvency72.3%within the sector's middle half-74.2%within the sector's middle half▲ 1.9pp79.0%above the sector's middle half▲ 4.9pp89.7%above the sector's middle half▲ 10.7pp8.3%below the sector's middle half▼ 81.4pp
Current ratio3.36within the sector's middle half-3.79within the sector's middle half▲ 0.434.61above the sector's middle half▲ 0.829.65above the sector's middle half▲ 5.041.09within the sector's middle half▼ 8.56
Return on assets (ROA)71.6%above the sector's middle half-44.2%above the sector's middle half▼ 27.4pp29.5%within the sector's middle half▼ 14.7pp48.1%above the sector's middle half▲ 18.6pp62.7%above the sector's middle half▲ 14.6pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 117% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1,180 ▼ 80.9%
Current assets
€1.8m ▲ 64.7%
Equity and liabilities €1.8m
Equity
€149,845 ▼ 84.9%
Debt
€1.7m ▲ 1,359%
Debt's share of the balance-sheet total rises from 10.3% to 91.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.5m▲
2024 · €698,870
Cash flow
€1.1m▲
2024 · €536,005
Debt to equity
11.07▲
2024 · 0.11
ROE
757.3%▲
2024 · 53.6%
Interest coverage
509.76▲
2024 · 428.90
Debt ≤ 1 year
€1.7m▲
2024 · €113,730
Income taxes
€373,889▲
2024 · €177,147
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.4%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 875 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,307 | €4,987 | €4,987 | €4,987 | €4,987 | = |
| Other operating charges640/8 | - | €251 | €362 | €395 | €101 | ▼ 74.4% |
| Gross operating margin9900 | €282,509 | €428,259 | €423,840 | €699,265 | €1.5m | ▲ 116% |
| Operating profit (loss)9901 | €280,201 | €423,021 | €418,490 | €693,883 | €1.5m | ▲ 117% |
| Financial income75/76B | - | €0 | €5,909 | €15,911 | €9,138 | ▼ 42.6% |
| Recurring financial income75 | - | €0 | €5,909 | €15,911 | €9,138 | ▼ 42.6% |
| Financial charges65/66B | €650 | €1,498 | €1,291 | €1,629 | €2,957 | ▲ 81.5% |
| Recurring financial charges65 | €650 | €1,498 | €1,291 | €1,629 | €2,957 | ▲ 81.5% |
| Profit (loss) for the period before taxes9903 | €279,551 | €421,523 | €423,108 | €708,165 | €1.5m | ▲ 113% |
| Income taxes67/77 | €64,207 | €101,008 | €101,952 | €177,147 | €373,889 | ▲ 111% |
| Profit (loss) for the period9904 | €215,345 | €320,514 | €321,156 | €531,017 | €1.1m | ▲ 114% |
| Profit (loss) for the period to be appropriated9905 | €215,345 | €320,514 | €321,156 | €531,017 | €1.1m | ▲ 114% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €300,578 | €725,153 | €1.1m | €1.1m | €1.8m | ▲ 63.9% |
| Fixed assets21/28 | €21,129 | €16,142 | €36,155 | €6,167 | €1,180 | ▼ 80.9% |
| Tangible fixed assets22/27 | €21,129 | €16,142 | €11,155 | €6,167 | €1,180 | ▼ 80.9% |
| Land and buildings22 | €5,508 | €4,284 | €3,060 | €1,836 | €612 | ▼ 66.7% |
| Plant, machinery and equipment23 | €15,621 | €11,858 | €8,095 | €4,331 | €568 | ▼ 86.9% |
| Financial fixed assets28 | - | - | €25,000 | €0 | - | - |
| Current assets29/58 | €279,449 | €709,012 | €1.1m | €1.1m | €1.8m | ▲ 64.7% |
| Amounts receivable within one year40/41 | €28,470 | €35,455 | €33,311 | €0 | €45,985 | - |
| Trade receivables40 | €28,470 | €35,455 | €33,311 | €0 | €45,985 | - |
| Other amounts receivable41 | €0 | €0 | €0 | €0 | €0 | - |
| Cash at bank and in hand54/58 | €250,979 | €672,589 | €1.0m | €1.1m | €1.8m | ▲ 60.5% |
| Deferred charges and accrued income490/1 | - | €967 | €0 | €1,854 | €2,919 | ▲ 57.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €300,578 | €725,153 | €1.1m | €1.1m | €1.8m | ▲ 63.9% |
| Equity10/15 | €217,345 | €537,859 | €859,015 | €990,136 | €149,845 | ▼ 84.9% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €215,345 | €535,859 | €857,015 | €988,136 | €147,845 | ▼ 85.0% |
| Amounts payable17/49 | €83,234 | €187,294 | €227,951 | €113,730 | €1.7m | ▲ 1,359% |
| Amounts payable within one year42/48 | €83,234 | €187,294 | €227,951 | €113,730 | €1.7m | ▲ 1,359% |
| Current portion of amounts payable after more than one year42 | - | - | €0 | €0 | €0 | - |
| Trade debts44 | €865 | €0 | €2,926 | €189 | €2,692 | ▲ 1,328% |
| Suppliers440/4 | €865 | €0 | €2,926 | €189 | €2,692 | ▲ 1,328% |
| Taxes, remuneration and social security45 | €82,369 | €187,294 | €225,025 | €110,616 | €206,693 | ▲ 86.9% |
| Taxes450/3 | €82,369 | €187,294 | €225,025 | €110,616 | €206,693 | ▲ 86.9% |
| Other amounts payable47/48 | €0 | - | - | €2,926 | €1.5m | ▲ 49,459% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €215,345 | €320,514 | €321,156 | €531,017 | €1.1m | ▲ 114% |
| + Depreciation and write-downs630 | €2,307 | €4,987 | €4,987 | €4,987 | €4,987 | = |
| Operating cash flow (approximation) | €217,652 | €325,502 | €326,143 | €536,005 | €1.1m | ▲ 113% |
| Investment in fixed assets (approximation) | - | €0 | -€25,000 | €25,000 | €0 | ▼ 100% |
| Change in cash | - | €421,610 | €344,911 | €78,344 | €663,302 | ▲ 747% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2021net €1.1m ▲114%
Operating result €1.5m, net result €1.1m, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 9.65
Current ratio from 4.61 to 9.65; short-term debt falls from €227,951 to €113,730.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
31-12
Financial
Equity above €500,000Eq €537,859 ▲147%
2 profitable years in a row build equity to €537,859.
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hannut · 1 establishment unit since 2021
Ground area
981 m²
Building footprint
150 m²
Volume, LiDAR
637 m³
Parcel 64042A0423/00Y002, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KAORIS
since 20212.309.868.324
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64042A0423/00Y002 | Wallonia | 981 m² | 1 · 150 m² | 10.0 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
98450012AEE6D39B0D33
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 40,851 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
85599Other education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0757883368
Also
9925:BE0757883368
Registered
20-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.