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KORAAL

Active
Non-profit associationfounded 1934active for 92 yearsOtto Veniusstraat 20, 2000 Antwerpen, BelgiumKBO/BCE: BE 0408.499.464
Summary

KORAAL has been active since 1934 and the Belgian Official 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 about 3.1% per year across the filed financial years. Its solvency ranks better than 95% of 601 sector peers (NACE 87, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Residential care activities
NACE 87991
3rd oldest company in the province of Antwerp, Residential care sector14 sites
Size
€9.2moperating revenue 2025
Staff
117.7 FTE
Equity
€11.0m
Surplus
€259,559
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
7 members
Auditor: RSM INTERAUDIT2025 accounts 81 days early2 of 19 deeds summarised
Why 95raises riskLiquidity: current ratio 7.38, cash €38,541, halvedlowers riskLegal form: non-profit associationFounded in 1934Size: 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%
Financially better than 62% of its sector peers (NACE 87, medium-sized)
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% (536 companies, NACE 87, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged 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 04-2025highest value 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 01-2026lowest value 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%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026
Credit of up to €95,000 on 30-day terms is acceptable
Liquidity ample (current ratio 7.38, compared with 6.97 in 2024, above the usual 1.5; short-term debt: 7.3% and cash: 0.3% of total assets), and 14% 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 87, medium-sized): better than 95% on solvency, 41% on liquidity, 86% on profitability and 27% on growth.

The bankruptcy probability was computed on 27-10-2026 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 · Legal form: non-profit association
KBO
raises risk · Liquidity: current ratio 7.38, cash €38,541, halved
NBB · annual accounts
lowers risk · Founded in 1934
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €981,724, 117.7 FTE, total assets €12.8m
Companies of this size fail less often; how much that weighs depends on the rest of its 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 days early
2024
73 days early
2023
76 days early
2022
62 days early
2021
67 days early
2020
73 days early
2019
50 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 69 days before the deadline; the sector median (NACE 87) for financial year 2024 is 27 days before the deadline, and 25% 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 19 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
27-10-2026 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 · abbreviated…
  2. Reappointments: J.Dewinter (director) and A.Van de…Appointments: M.Decleer (director) and RSM…
  3. Annual accounts filedfinancial year 2024 · abbreviated…

Financials · financial year 2025, abbreviated format

Turnover
€981,724▼ 7.1%
2024 · €1.1m
EBIT margin
-8.3%▼ 34.2pp
2024 · 25.9%
Net result
€259,559▼ 53.1%
2024 · €553,854
Working capital
€5.9m▲ 4.8%
2024 · €5.6m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result turns negative in 2025: a loss of €81,054 after €274,138 in 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€1.0m 2025 Operating result-€0.08m 2025 Net result€0.3m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 87, Residential care activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€0.8m-€0.8m▲ 6.4%€0.4m▼ 46.0%€0.6m▲ 44.2%€0.8m▲ 20.3%€1.1m▲ 37.3%€1.1m▲ 0.6%€1.0m▼ 7.1%
Operating result-€0.1m--€0.1m▲ 29.0%-€0.005m▲ 95.0%-€0.2m▼ 3,095%-€0.5m▼ 238%-€0.2m▲ 67.4%€0.3m-€0.08m
Net result-€0.2m-€0.05m€0.06mwithin the sector's middle half▲ 32.8%€0.04mwithin the sector's middle half▼ 41.2%-€0.8mbelow the sector's middle half€0.1mwithin the sector's middle half€0.6mabove the sector's middle half▲ 476%€0.3mwithin the sector's middle half▼ 53.1%
EBIT margin-17.8%--11.9%▲ 5.9pp-1.1%▲ 10.8pp-24.4%▼ 23.3pp-68.5%▼ 44.1pp-16.3%▲ 52.2pp25.9%▲ 42.2pp-8.3%▼ 34.2pp
Equity€9.0m-€9.1m▲ 0.5%€9.1mabove the sector's middle half▲ 0.7%€10.8mabove the sector's middle half▲ 18.3%€10.3mabove the sector's middle half▼ 4.9%€10.3mabove the sector's middle half▲ 0.7%€10.8mabove the sector's middle half▲ 4.6%€11.0mabove the sector's middle half▲ 1.7%
Total assets€9.5m-€9.7m▲ 1.2%€9.8mwithin the sector's middle half▲ 1.2%€12.9mwithin the sector's middle half▲ 32.0%€12.2mwithin the sector's middle half▼ 5.3%€12.3mwithin the sector's middle half▲ 0.6%€12.7mwithin the sector's middle half▲ 3.3%€12.8mwithin the sector's middle half▲ 0.5%
Debt€0.5m-€0.6m▲ 12.5%€0.7m▲ 8.9%€2.1m▲ 224%€2.0m▼ 7.6%€2.0m▲ 0.3%€1.9m▼ 3.3%€1.8m▼ 6.1%
Working capital€5.4m-€5.6m▲ 4.2%€5.8mabove the sector's middle half▲ 3.4%€8.2mabove the sector's middle half▲ 41.6%€6.4mabove the sector's middle half▼ 21.6%€4.9mabove the sector's middle half▼ 23.6%€5.6mabove the sector's middle half▲ 15.5%€5.9mabove the sector's middle half▲ 4.8%
Solvency94.4%-93.8%▼ 0.6pp93.3%above the sector's middle half▼ 0.5pp83.6%above the sector's middle half▼ 9.7pp84.0%above the sector's middle half▲ 0.4pp84.0%above the sector's middle half=85.1%above the sector's middle half▲ 1.0pp86.0%above the sector's middle half▲ 1.0pp
Current ratio12.19-10.90▼ 1.2910.31above the sector's middle half▼ 0.599.24above the sector's middle half▼ 1.078.00above the sector's middle half▼ 1.246.15above the sector's middle half▼ 1.856.97above the sector's middle half▲ 0.827.38above the sector's middle half▲ 0.41
Return on assets (ROA)-1.9%-0.5%▲ 2.3pp0.6%within the sector's middle half▲ 0.1pp0.3%within the sector's middle half▼ 0.3pp-6.3%below the sector's middle half▼ 6.6pp0.8%within the sector's middle half▲ 7.1pp4.4%within the sector's middle half▲ 3.6pp2.0%within the sector's middle half▼ 2.3pp
Staff (FTE)87.2-88▲ 0.9%91.9within the sector's middle half▲ 4.4%92.1within the sector's middle half▲ 0.2%108.9within the sector's middle half▲ 18.2%111within the sector's middle half▲ 1.9%112.5within the sector's middle half▲ 1.4%117.7within the sector's middle half▲ 4.6%
above within below the middle half of NACE 87, Residential care activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €12.8m
Fixed assets €5.9m ▼ 3.1%
Current assets €6.8m ▲ 3.8%
Equity and liabilities €12.8m
Equity €11.0m ▲ 1.7%
Debt €1.8m ▼ 6.1%
Debt's share of the balance-sheet total falls from 14.9% to 14.0%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€377,660▼
2024 · €728,459
Cash flow
€718,273▼
2024 · €1.0m
Debt to equity
0.16▼
2024 · 0.18
ROE
2.4%▼
2024 · 5.1%
Interest coverage
13.20▲
2024 · 3.72
Debt ≤ 1 year
€927,424▼
2024 · €945,613
Debt > 1 year
€810,182▼
2024 · €888,242
Income taxes
€11,527▲
2024 · €3,355
Staff costs
€7.6m▲
2024 · €7.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,887 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97.9% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.1% went bankrupt
2.0% stopped otherwise
97.9% still going

For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
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 74.5% 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 1,887 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 65 lines
Balance sheet Code20242025
Assets
Total assets20/58€12.7m€12.8m▲
Fixed assets21/28€6.1m€5.9m▼
Tangible fixed assets22/27€6.1m€5.9m▼
Land and buildings22€5.6m€5.4m▼
Plant, machinery and equipment23€0.3m€0.3m▲
Furniture and vehicles24€0.2m€0.2m▲
Financial fixed assets28€0.002m€0.002m=
Other financial fixed assets284/8€0.002m€0.002m=
Amounts receivable and cash guarantees285/8€0.002m€0.002m=
Current assets29/58€6.6m€6.8m▲
Amounts receivable within one year40/41€1.1m€0.6m▼
Trade receivables40€0.02m€0.01m▼
Other amounts receivable41€1.1m€0.6m▼
Current investments50/53€5.2m€6.2m▲
Cash at bank and in hand54/58€0.3m€0.04m▼
Deferred charges and accrued income490/1€0.05m€0.01m▼
Equity and liabilities
Total equity and liabilities10/49€12.7m€12.8m▲
Equity10/15€10.8m€11.0m▲
Contributions10/11€2.2m€2.2m=
Capital10€2.2m€2.2m=
Reserves13€2.5m€2.6m▲
Profit (loss) carried forward14€4.4m€4.5m▲
Investment grants15€1.8m€1.7m▼
Amounts payable17/49€1.9m€1.8m▼
Amounts payable after more than one year17€0.9m€0.8m▼
Financial debts170/4€0.9m€0.8m▼
Credit institutions173€0.9m€0.8m▼
Other amounts payable178/9€410€410=
Amounts payable within one year42/48€0.9m€0.9m▼
Current portion of amounts payable after more than one year42€0.08m€0.08m▲
Trade debts44€0.09m€0.02m▼
Suppliers440/4€0.09m€0.02m▼
Taxes, remuneration and social security45€0.8m€0.8m▲
Taxes450/3€0.03m€0.03m▲
Remuneration and social security454/9€0.7m€0.8m▲
Accrued charges and deferred income492/3€0.06m€0.04m▼
Income statement Code20242025
Operating income70/76A€8.9m€9.2m▲
Turnover70€1.1m€1.0m▼
Membership fees, donations, legacies and grants73€7.7m€8.0m▲
Other operating income74€0.2m€0.2m▼
Operating charges60/66A€8.6m€9.3m▲
Goods for resale, raw materials and consumables60€0.3m€0.3m▲
Purchases600/8€0.3m€0.3m▲
Services and other goods61€0.8m€0.9m▲
Remuneration, social security and pensions62€7.1m€7.6m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.5m€0.5m▲
Other operating charges640/8€0.03m€0.03m▲
Operating profit (loss)9901€0.3m-€0.08m▼
Financial income75/76B€0.5m€0.4m▼
Recurring financial income75€0.5m€0.4m▼
Income from financial fixed assets750€0.5m€0.4m▼
Financial charges65/66B€0.2m€0.03m▼
Recurring financial charges65€0.2m€0.03m▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€0.007m-€0.01m▼
Other financial charges652/9€0.2m€0.04m▼
Profit (loss) for the period before taxes9903€0.6m€0.3m▼
Income taxes67/77€0.003m€0.01m▲
Taxes670/3€0.003m€0.01m▲
Profit (loss) for the period9904€0.6m€0.3m▼
Profit (loss) for the period to be appropriated9905€0.6m€0.3m▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.8m€4.6m▼
Profit (loss) brought forward from the previous period14P€4.2m€4.4m▲
Withdrawal from contributions791€0.02m€0.2m▲
Addition to contributions691€0.4m€0.3m▼
Social balance sheet
Average headcount (FTE)9087112.5117.7▲

The notes to these accounts (45 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Operating income70/76A---€6.6m€7.4m€8.4m€8.9m€9.2m▲ 3.1%
Turnover70€0.8m€0.8m€0.4m€0.6m€0.8m€1.1m€1.1m€1.0m▼ 7.1%
Membership fees, donations, legacies and grants73---€5.9m€6.6m€7.2m€7.7m€8.0m▲ 4.8%
Other operating income74---€0.1m€0.1m€0.1m€0.2m€0.2m▼ 6.5%
Operating charges60/66A---€6.8m€8.0m€8.5m€8.6m€9.3m▲ 7.4%
Goods for resale, raw materials and consumables60---€0.2m€0.2m€0.3m€0.3m€0.3m▲ 12.9%
Purchases600/8---€0.2m€0.2m€0.3m€0.3m€0.3m▲ 12.9%
Services and other goods61---€0.7m€0.7m€0.8m€0.8m€0.9m▲ 19.8%
Remuneration, social security and pensions62---€5.5m€6.6m€6.9m€7.1m€7.6m▲ 6.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.3m€0.3m€0.3m€0.4m€0.5m€0.5m€0.5m▲ 1.0%
Other operating charges640/8---€0.02m€0.03m€0.03m€0.03m€0.03m▲ 3.4%
Operating profit (loss)9901-€0.1m-€0.1m-€0.005m-€0.2m-€0.5m-€0.2m€0.3m-€0.08m-
Financial income75/76B---€0.2m€0.1m€0.3m€0.5m€0.4m▼ 20.5%
Recurring financial income75€0.01m€0.05m€0.07m€0.2m€0.1m€0.3m€0.5m€0.4m▼ 20.5%
Income from financial fixed assets750----€0.1m€0.3m€0.5m€0.4m▼ 20.5%
Other financial income752/9---€0.2m-----
Financial charges65/66B---€0.05m€0.3m€0.06m€0.2m€0.03m▼ 85.4%
Recurring financial charges65€0.08m-€0.06m€0.006m€0.05m€0.3m€0.06m€0.2m€0.03m▼ 85.4%
Debt charges650--€0.002m------
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651---€0.01m€0.3m€0.04m€0.007m-€0.01m-
Other financial charges652/9---€0.04m€0.02m€0.03m€0.2m€0.04m▼ 79.0%
Profit (loss) for the period before taxes9903-€0.2m€0.01m€0.07m€0.04m-€0.8m€0.1m€0.6m€0.3m▼ 51.3%
Income taxes67/77--€0.005m€0.003m€0.004m€0.004m€0.003m€0.01m▲ 244%
Taxes670/3---€0.003m€0.004m€0.004m€0.003m€0.01m▲ 244%
Profit (loss) for the period9904-€0.2m€0.05m€0.06m€0.04m-€0.8m€0.1m€0.6m€0.3m▼ 53.1%
Profit (loss) for the period to be appropriated9905-€0.2m€0.05m€0.06m€0.04m-€0.8m€0.1m€0.6m€0.3m▼ 53.1%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€9.5m€9.7m€9.8m€12.9m€12.2m€12.3m€12.7m€12.8m▲ 0.5%
Fixed assets21/28€3.7m€3.5m€3.4m€3.8m€4.9m€6.5m€6.1m€5.9m▼ 3.1%
Tangible fixed assets22/27€3.7m€3.5m€3.4m€3.8m€4.9m€6.5m€6.1m€5.9m▼ 3.1%
Land and buildings22---€3.0m€4.7m€5.9m€5.6m€5.4m▼ 3.6%
Plant, machinery and equipment23---€0.2m€0.2m€0.3m€0.3m€0.3m▲ 1.8%
Furniture and vehicles24---€0.02m€0.009m€0.3m€0.2m€0.2m▲ 2.8%
Assets under construction and advance payments27---€0.6m€0----
Financial fixed assets28€0.001m€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m€0.002m=
Other financial fixed assets284/8---€0.002m€0.002m€0.002m€0.002m€0.002m=
Amounts receivable and cash guarantees285/8---€0.002m€0.002m€0.002m€0.002m€0.002m=
Current assets29/58€5.8m€6.1m€6.4m€9.1m€7.3m€5.8m€6.6m€6.8m▲ 3.8%
Amounts receivable within one year40/41€0.4m€0.5m€0.5m€2.7m€1.2m€1.0m€1.1m€0.6m▼ 42.0%
Trade receivables40---€0.1m€0.03m€0.05m€0.02m€0.01m▼ 31.9%
Other amounts receivable41---€2.5m€1.2m€0.9m€1.1m€0.6m▼ 42.1%
Current investments50/53€4.8m€4.9m€5.0m€5.2m€4.8m€4.8m€5.2m€6.2m▲ 19.4%
Cash at bank and in hand54/58€0.6m€0.7m€0.9m€1.3m€1.2m€0.02m€0.3m€0.04m▼ 86.5%
Deferred charges and accrued income490/1---€0.02m€0.09m€0.01m€0.05m€0.01m▼ 76.4%
Equity and liabilities
Total equity and liabilities10/49€9.5m€9.7m€9.8m€12.9m€12.2m€12.3m€12.7m€12.8m▲ 0.5%
Equity10/15€9.0m€9.1m€9.1m€10.8m€10.3m€10.3m€10.8m€11.0m▲ 1.7%
Contributions10/11----€2.2m€2.2m€2.2m€2.2m=
Capital10----€2.2m€2.2m€2.2m€2.2m=
Reserves13---€2.3m€2.2m€2.1m€2.5m€2.6m▲ 5.0%
Profit (loss) carried forward14€4.5m€4.5m€4.6m€4.6m€4.0m€4.2m€4.4m€4.5m▲ 3.1%
Investment grants15---€1.6m€1.9m€1.9m€1.8m€1.7m▼ 4.5%
Amounts payable17/49€0.5m€0.6m€0.7m€2.1m€2.0m€2.0m€1.9m€1.8m▼ 6.1%
Amounts payable after more than one year17€425€400€400€1.1m€1.0m€1.0m€0.9m€0.8m▼ 8.8%
Financial debts170/4---€1.1m€1.0m€1.0m€0.9m€0.8m▼ 8.8%
Credit institutions173---€1.1m€1.0m€1.0m€0.9m€0.8m▼ 8.8%
Other amounts payable178/9---€421€438€352€410€410=
Amounts payable within one year42/48€0.5m€0.6m€0.6m€1.0m€0.9m€0.9m€0.9m€0.9m▼ 1.9%
Current portion of amounts payable after more than one year42---€0.08m€0.08m€0.08m€0.08m€0.08m▲ 0.8%
Trade debts44€0.02m€0.06m€0.07m€0.2m€0.02m€0.04m€0.09m€0.02m▼ 73.3%
Suppliers440/4---€0.2m€0.02m€0.04m€0.09m€0.02m▼ 73.3%
Taxes, remuneration and social security45---€0.7m€0.8m€0.8m€0.8m€0.8m▲ 5.5%
Taxes450/3---€0.02m€0.03m€0.03m€0.03m€0.03m▲ 8.1%
Remuneration and social security454/9---€0.7m€0.8m€0.8m€0.7m€0.8m▲ 5.4%
Accrued charges and deferred income492/3---€0.01m€0.001m€0.05m€0.06m€0.04m▼ 31.1%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€0.2m€0.05m€0.06m€0.04m-€0.8m€0.1m€0.6m€0.3m▼ 53.1%
+ Depreciation and write-downs630€0.3m€0.3m€0.3m€0.3m€0.4m€0.5m€0.5m€0.5m▲ 1.0%
Operating cash flow (approximation)€0.1m€0.4m€0.4m€0.3m-€0.4m€0.6m€1.0m€0.7m▼ 28.8%
Investment in fixed assets (approximation)--€0.1m-€0.2m-€0.7m-€1.5m-€2.0m-€0.1m-€0.3m▼ 149%
Change in cash-€0.1m€0.2m€0.4m-€0.1m-€1.2m€0.3m-€0.2m-

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

Download as CSV

Latest 10 of 20 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 11-05-2026 2026-00107964
31-12-2024 abbreviated format 19-05-2025 2025-00110182
31-12-2023 abbreviated format 16-05-2024 2024-00092021
31-12-2022 abbreviated format 30-05-2023 2023-00098411
31-12-2021 abbreviated format 25-05-2022 2022-20045568
31-12-2020 abbreviated format 19-05-2021 2021-14500311
31-12-2019 abbreviated format 11-06-2020 2020-16100281
31-12-2018 abbreviated format 09-05-2019 2019-12600178
31-12-2017 abbreviated format 02-05-2018 2018-11800106
31-12-2016 abbreviated format 12-05-2017 2017-11900575

Show all 20 filings

Similar companies · same sector, comparable size

Of the 226 active companies whose main activity is residential care activities (NACE 87991), figures are known for 208. 95 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 41 entries · €25.4m awarded · €24.7m paid
Year Entries AwardedPaid
2025 11 €6.7m€7.1m
2024 8 €6.9m€6.3m
2023 11 €6.3m€6.0m
2022 11 €5.5m€5.4m
Schemes
4 entries · €15.8m · €15.2m paid · Opgroeien regie
4 entries · €4.3m · €4.3m paid · Opgroeien regie
1 entry · €4.0m · €4.0m paid · Opgroeien regie
2 entries · €377,911 · €377,911 paid · Vlaams Infrastructuurfonds voor Persoonsgebonden Aangelegenheden
1 entry · €195,689 · €195,689 paid · Fonds Jongerenwelzijn
Show 15 more
1 entry · €121,393 · €121,393 paid · Vlaams Infrastructuurfonds voor Persoonsgebonden Aangelegenheden
1 entry · €58,145 · €2,280 paid · Toerisme Vlaanderen
4 entries · €41,941 · €41,941 paid · Departement Werk en Sociale Economie
1 entry · €34,172 · €34,172 paid · Opgroeien regie
1 entry · €30,346 · €30,346 paid · Vlaams Infrastructuurfonds voor Persoonsgebonden Aangelegenheden
4 entries · €29,778 · €29,778 paid · Departement Werk en Sociale Economie
1 entry · €25,621 · Vlaams Infrastructuurfonds voor Persoonsgebonden Aangelegenheden
1 entry · €19,711 · €19,711 paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie
3 entries · €10,268 · €10,268 paid · Departement Cultuur, Jeugd en Media
1 entry · €3,852 · €3,852 paid · Departement Cultuur, Jeugd en Media
1 entry · €2,000 · €2,000 paid · Departement Werk, Economie, Wetenschap, Innovatie en Sociale Economie

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
7 directors, last change in 2025

Board 7

M.Decleer
Director · since 19-06-2025
Current
Current
C. Leclef
Director
Current
J.Dewinter
Director
Current
M. Goossens
Director
Current
Current
T. Goor
Director
Current

Statutory auditor 1

RSM INTERAUDIT
Statutory auditor · since 19-06-2025 · permanent representative: Kurt De Witte
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
17 of this company's 19 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

9 people since 2024, 8 in office
Show
  • Board
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
C. Leclef
  • Director, since before 09-07-2024
M. Goossens
  • Director, since before 09-07-2024
O. Verhoustraeten
  • Director, since before 09-07-2024
T. Goor
  • Director, since before 09-07-2024
A.Van de Cappelle
  • Director, since before 19-06-2025
J.Dewinter
  • Director, since before 19-06-2025
M.Decleer
  • Director, from 19-06-2025 to date
RSM INTERAUDIT
  • Statutory auditor, from 19-06-2025 to date
B. Paepen
  • Director, until 30-04-2024
See the board, name and registered office on a given date →

Owners and capital

Owners

This non-profit association has no shareholders or capital.

Group and network

Connections & network

7 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 4 July 1934, KORAAL was incorporated.1 Turnover went from €768,768 in 2018 to €981,724 in 2025 and headcount from 87.2 to 118 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
11-05
NBB filing Annual accounts filed
financial year 2025 · abbreviated format
2025
19-06
Gazette deed Reappointments: J.Dewinter (director) and A.Van de Cappelle (director)
Appointments: M.Decleer (director) and RSM Interaudit (statutory auditor)5 facts ▸
  • General meeting, 07-05-2025
  • Director reappointment, J.Dewinter (director)
  • Director reappointment, A.Van de Cappelle (director)
  • Director appointment, M.Decleer (director)
  • Auditor appointment, RSM Interaudit (statutory auditor)
19-05
NBB filing Annual accounts filed
financial year 2024 · abbreviated format
2024
31-12
Financial Highest result from 2018 to 2025net €553,854 ▲476%
Operating result €274,138, net result €553,854, both a record.
09-07
Gazette deed Reappointments: T. Goor, M. Goossens and 2 others
Resignation: B. Paepen (director)6 facts ▸
  • General meeting, 15-05-2024
  • Director reappointment, T. Goor (director)
  • Director reappointment, M. Goossens (director)
  • Director reappointment, C. Leclef (director)
  • Director reappointment, O. Verhoustraeten (director)
  • Director resignation, B. Paepen (director)
16-05
NBB filing Annual accounts filed
financial year 2023 · abbreviated format
2023
31-12
Financial Back to profitnet €96,079
Net result €96,079 after one loss-making year.
30-05
NBB filing Annual accounts filed
financial year 2022 · abbreviated format
2022
31-12
Financial Weakest financial yearnet -€771,467
Net result drops to -€771,467, the lowest in the series; recovery starts the following year.
25-05
NBB filing Annual accounts filed
financial year 2021 · abbreviated format
2021
31-12
Financial Equity above €10mequity €10.8m ▲18.3%
3 profitable years in a row build equity to €10.8m.
19-05
NBB filing Annual accounts filed
financial year 2020 · abbreviated format
Show earlier events
2020
11-06
NBB filing Annual accounts filed
financial year 2019 · abbreviated format
2019
31-12
Financial Back to profitnet €45,887
Net result €45,887 after one loss-making year.
09-05
NBB filing Annual accounts filed
financial year 2018 · abbreviated format
2018
02-05
NBB filing Annual accounts filed
financial year 2017 · abbreviated format
2017
12-05
NBB filing Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 20 annual accounts filed, the latest 10 are here; all 20 are under Financials.
2 of 19 deeds read
About the unread acts

Of the 19 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 17 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formNon-profit association
Founded04-07-1934
Financial year end31-12
Activities, NACEBEL 2025
87991Residential care activities
Contact
E-mail info@koraal.be
Phone 03/232.97.72
E-invoicing
Reachable via Peppol
Peppol ID 0208:0408499464
Registered 21-10-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 27 October 2026 · Peppol Directory

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

Recognitions · licences · registrations

Food safety, FASFC

3 sites
Wommelgemunit no. 2.138.260.773
2 permissions
Boerderij - schapen en geiten · since 06-05-2025
Authorisation · Andere grootkeuken (bereiding - distributie maaltijden) · since 01-01-2006
Antwerpenunit no. 2.138.260.872
1 permission
Authorisation · Crèche (bereiding - distributie maaltijden) · since 01-01-2006
Schotenunit no. 2.138.260.575
1 permission
Authorisation · Andere grootkeuken (enkel distributie maaltijden) · since 01-01-2006

Care and welfare

22 services · 3 live
Spel en Ontmoeting - Komen Spelen Berchem
Opgroeien (child and family agency) · live
Aanbodsvorm - spel en ontmoeting
CKG Koraal
Care and Health agency · live
Centrum voor Kinderzorg en Gezinsondersteuning
OVBJ KORAAL
Care and Health agency · live
Organisatie voor Bijzondere Jeugdzorg
Borneo
Opgroeien (child and family agency) · ended
Kleuteropvang
Show 18 more services
CKG Horst
Opgroeien (child and family agency) · ended
Centrum voor Kinderzorg en Gezinsondersteuning
CKG Hulgenrode
Opgroeien (child and family agency) · ended
Centrum voor Kinderzorg en Gezinsondersteuning
CKG Koraal
Opgroeien (child and family agency) · ended
Centrum voor Kinderzorg en Gezinsondersteuning
De Speelclub Edegem
Opgroeien (child and family agency) · ended
Buitenschoolse Opvang · Initiatief Buitenschoolse Opvang
FCUD-project 1299-1
Opgroeien (child and family agency) · ended
Project - Partnership KO
Fort 5
Opgroeien (child and family agency) · ended
Kleuteropvang
IBO Bilbao
Opgroeien (child and family agency) · ended
Kleuteropvang
IBO Koraal
Opgroeien (child and family agency) · ended
Buitenschoolse Opvang · Initiatief Buitenschoolse Opvang
IBO Zigzag
Opgroeien (child and family agency) · ended
Kleuteropvang
Komen Spelen Berchem
Opgroeien (child and family agency) · ended
Project - Partnership PGO
Komen Spelen Ekeren
Opgroeien (child and family agency) · ended
Project - Partnership PGO
Nova
Opgroeien (child and family agency) · ended
Kleuteropvang
Speelplein Horst
Opgroeien (child and family agency) · ended
Kleuteropvang
Speelplein Hulgenrode
Opgroeien (child and family agency) · ended
Kleuteropvang
Spel en Ontmoeting - Komen Spelen Ekeren
Opgroeien (child and family agency) · ended
Aanbodsvorm - spel en ontmoeting
Waikiki
Opgroeien (child and family agency) · ended
Kleuteropvang
Zanzibar
Opgroeien (child and family agency) · ended
Kleuteropvang
Zwaluwnest
Opgroeien (child and family agency) · ended
Kleuteropvang

Dual-learning approval

6 live approvals · 5 ended
Basiszorg en ondersteuning duaal (so)
approved · 2022 to 2027
Basiszorg en ondersteuning duaal (so)
approved · 2022 to 2027
Kinderbegeleider duaal (so)
approved · 2022 to 2027
Kinderbegeleider duaal (so)
approved · 2022 to 2027
Onderhoudsmedewerker (vwo)
approved · 2024 to 2029
Onderhoudsmedewerker duaal (so)
approved · 2024 to 2029
Show 5 ended approvals
Begeleider in de kinderopvang (so)
discontinued · 2022 to 2025
Begeleider in de kinderopvang (so)
discontinued · 2022 to 2025
Kinderbegeleider duaal (so)
discontinued · 2023 to 2025
Medewerker kinderopvang (so)
discontinued · 2022 to 2023
Medewerker kinderopvang (so)
discontinued · 2022 to 2023

Legal Entity Identifier

894500ESWBSCFULB3M41
live in the LEI register

Environmental permits

6 applications in Flanders since 2020 · 4 granted · 1 under review
Verwijderen van vrijstaande gebouwen
Under reviewsubmitted 14-09-2026authority: Wommelgemproject 2026107946
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Granted on 17-04-2025submitted 25-02-2025authority: Schotenproject 2025023596
Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen
Granted on 22-12-2022submitted 05-07-2022authority: Provincie Antwerpenproject 2022028934
Bouwen of herbouwen
Granted on 17-03-2022submitted 14-01-2022authority: Schotenproject 2021196173
Hoogstammige bomen vellen die geen deel uitmaken van een bos
Discontinued on 29-03-2021submitted 23-03-2021authority: Wommelgemproject 2021045726
Bouwen of herbouwen
Granted on 06-08-2020submitted 20-02-2020authority: Schotenproject 2020020445

Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Antwerpen · 14 establishment units since 1934
registered office establishment approximate All 14 establishment units on the map
Ground area
44.1 ha
Building footprint
1.8 ha
Building volume
112,619 m³
14 parcels, Flanders · tallest building 26.1 m. Linked by address, not a title deed.
14 establishment units
Horst
Horstebaan 14, 2900 SchotenResidential care activities
since 1934unit no. 2.138.260.575
Secretariaat
Otto Veniusstraat 20, 2000 AntwerpenResidential care activities
since 1934unit no. 2.138.260.674
Hulgenrode
't Serclaesdreef 34, 2160 WommelgemResidential care activities
since 1934unit no. 2.138.260.773
Klimop
Kortrijkstraat 40, 2140 AntwerpenResidential care activities
since 1934unit no. 2.138.260.872
IBO Nova
Hardenvoort 55, 2060 AntwerpenSocial work activities without accommodation
since 2016unit no. 2.252.741.757
IBO Borneo
Plantin en Moretuslei 163, 2140 AntwerpenDay nurseries and crèches
since 2016unit no. 2.252.742.054
Show 8 more locations
IBO Waikiki
Kerkelei 43, 2610 AntwerpenDay nurseries and crèches
since 2016unit no. 2.252.742.252
IBO De Speelclub - Centrum
Drie Eikenstraat 16, 2650 EdegemDay nurseries and crèches
since 2021unit no. 2.317.921.304
IBO De Speelclub - Fort
Vestinglaan -, 2650 EdegemDay nurseries and crèches
since 2021unit no. 2.317.921.502
Speelplein Sjoebidoe
Kasteeldreef 24, 2970 SchildeYouth work associations
since 2025unit no. 2.372.673.646
Speelplein Boemerang
Corneel Smitslei 36, 2150 AntwerpenYouth work associations
since 2025unit no. 2.372.673.844
Gezinshuis - OVBJ Koraal
Schelpheuvelstraat 104, 2910 EssenResidential care activities
since 2026unit no. 2.391.896.175
VNO - Sint Ursula Wilrijk
Kerkhofstraat 1, 2610 AntwerpenSocial work activities without accommodation
since 2026unit no. 2.391.894.789
Speelplein Kriebels
Filip Williotstraat 19, 2600 AntwerpenSocial work activities without accommodation
since 2026unit no. 2.391.894.987
14 parcels
Flanders 14 (100%)
Cadastral parcel Region Area Buildings Height / floors
11013A0050/00D004
ProtectedMonumentFort 5Source ↗
Flanders 32.6 ha 1 · 5,507 m² 26.1 m · 2
11922C0100/00D000 Flanders 3.5 ha 1 · 1,934 m² 13.1 m · 4
11051C0001/00K000 Flanders 3.3 ha 1 · 4,243 m² -
11006A0329/00P002 Flanders 2.2 ha 1 · 1,917 m² 13.7 m · 4
11051B0035/00F002 Flanders 7,381 m² 1 · 391 m² 13.9 m · 1
11052D0026/00C000 Flanders 6,085 m² 1 · 40 m² 20.8 m · 1
11003A0275/00G000 Flanders 5,346 m² 1 · 1,138 m² 16.0 m · 4
11007A0026/00F003 Flanders 3,345 m² 1 · 674 m² 7.4 m · 2
11472C0305/00N000
ProtectedTownscape or village viewSint-Antoniuskerk met omgevingSource ↗
Flanders 967 m² 1 · 519 m² 17.3 m · 2
11642D0113/00L024 Flanders 864 m² 1 · 128 m² 9.8 m · 2
11807G1309/00H003 Flanders 571 m² 1 · 568 m² 17.5 m · 4
11312A0024/00X057 Flanders 351 m² 1 · 231 m² 11.5 m · 2
11443B0197/00F000 Flanders 324 m² 1 · 287 m² 10.8 m · 3
11803C0295/00D000 Flanders 59 m² 1 · 55 m² 19.7 m · 5
How the parcels are linked
Good to know
All 14 parcels match the address exactly.
2 of these parcels carry protected heritage: expect extra rules on renovation or sale.