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KORAAL

Active
Non-profit associationfounded 193492 yrs activeOtto Veniusstraat 20, 2000 Antwerpen, BelgiumKBO/BCE: BE 0408.499.464
Summary

KORAAL has been active since 1934 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.0m and a net result of €259,559. Equity is growing by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 595 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
KORAALActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Activity
Residential care activities
NACE 87991Education NACE 85313NACE 87901
#3 oldest company in the province of Antwerp, Residential care sector14 sites
Size
€981,724turnover 2025
Staff
117.7 FTE
Equity
€11.0m
Profit
€259,559
Financial health
95 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Accounts 81 d early0 of 19 deeds read
Why 95- Liquidity: current ratio 7.38, cash €38,541, halved+ Legal form Non-profit association+ Founded in 1934+ Size: turnover €981,724, 117.7 FTE, total assets €12.8mShow the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Better than 62% of its sector peers (NACE 87, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 86.0% of total assets
Liquidity 50-3
short-term debt 7.3% · cash 0.3%
Profitability 81+11
return on assets 2.0%
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 < 0.1% (538 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● 0.0% vs 11-2024 01-2025: < 0.1%● 0.0% vs 12-2024 02-2025: < 0.1%● 0.0% vs 01-2025 03-2025: < 0.1%▲ +4.5% vs 02-2025highest value 04-2025: < 0.1%● 0.0% vs 03-2025highest value 05-2025: < 0.1%● 0.0% vs 04-2025highest value 06-2025: < 0.1%▼ -34.8% vs 05-2025 07-2025: < 0.1%● 0.0% vs 06-2025 08-2025: < 0.1%● 0.0% vs 07-2025 09-2025: < 0.1%● 0.0% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%▼ -6.7% vs 12-2025lowest value 02-2026: < 0.1%● 0.0% vs 01-2026lowest value 03-2026: < 0.1%● 0.0% vs 02-2026lowest value 04-2026: < 0.1%▲ +7.1% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: < 0.1%▲ +46.7% vs 05-2026 07-2026: < 0.1%● 0.0% vs 06-2026 08-2026: < 0.1%● 0.0% vs 07-2026 09-2026: < 0.1%● 0.0% vs 08-2026 10-2026: < 0.1%● 0.0% vs 09-2026
  • Legal form Non-profit association lowers the probability
  • Liquidity: current ratio 7.38, cash €38,541, halved raises the probability
  • Founded in 1934 lowers the probability for this profile
  • Size: turnover €981,724, 117.7 FTE, total assets €12.8m lowers the probability for this profile
Credit up to €95,000 at 30 days acceptable
Liquidity ample (current ratio 7.38 against 6.97 in 2024; short-term debt: 7.3% and cash: 0.3% of total assets), and 14% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 87, medium-sized). Better than this share of them on solvency 95%, liquidity 41%, profitability 86%, growth against the median 27%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Legal form Non-profit association
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Liquidity: current ratio 7.38, cash €38,541, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Founded in 1934
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Size: turnover €981,724, 117.7 FTE, total assets €12.8m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
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 11-05-2026, 81 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
81 d early
2024
73 d early
2023
76 d early
2022
62 d early
2021
67 d early
2020
73 d early
2019
50 d 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 69 days before the deadline; the sector median for financial year 2024 is 27 days before the deadline, and 25% 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 19 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 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
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Highest result since 2018net €553,854 ▲476%

Key points

  • Positive: Among the best 5% on solvencysector median 50.8% · 595 companies 86.0% View
  • Caution: Result fell in 2025from €553,854 to €259,559 ▼ 53.1% View
  • Flemish supportawarded 2022 - 2025 €25.4m View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Active since 1934founded 04-07-1934 92 years View

By topic

Financials

Fiscal year
2025
Turnover
€981,724
Profit
€259,559
Solvency
86.0%
Turnover▼ 7.1%
Net result
20182025
Go to Financials

Timeline

Events
15
Since
2017
Next accounts
by 31-07-2027
  1. 11-05-2026Annual accounts filed
  2. 19-05-2025Annual accounts filed
  3. 31-12-2024Highest result since 2018
Go to Timeline

Company details

Sites
14
Legal form
Non-profit association
Activity
Residential care activitiesNACE 87991
Founded
04-07-1934
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

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