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KORAB

Active
Private limited companyfounded 2024active for 2 yearsStatiestraat 156, 1740 Ternat, BelgiumKBO/BCE: BE 1004.568.226
Summary

The computed 12-month bankruptcy probability of KORAB is 5.6% (elevated). The 2024 annual accounts show equity of €25,426 and a net result of €21,426. Its solvency ranks better than 77% of 392 sector peers (NACE 61, financial year 2024). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Wired, wireless and satellite telecommunications
NACE 61100
1 site
Size
€61,311turnover 2024
Equity
€25,426
Profit
€21,426
Financial health
40 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.6%
Structure
Accounts filed 50 days late1 of 3 deeds read
Why 40raises riskFounded in 2024Size: turnover €61,311, total assets €34,5061 financial year not filed after the legal deadline; latest accounts 50 days late; 1 of the last 3 lateFigures for financial year 2024 (filed 24-09-2025)Show the evidence

Checked score

Score 2024
40 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 70% of its sector peers (NACE 61, micro)
Financial strength
Strong
Solvency 99
equity 73.7% of total assets
Liquidity 41
short-term debt 26.3% · cash 1.2%
Profitability 100
return on assets 62.1%
Bankruptcy probability, 12 months
5.6% Elevated
0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.9% (528 companies, NACE 61, micro)
Last 24 months 02-2025: 1.9%lowest value 03-2025: 2.0%▲ +0.1 percentage points vs 02-2025 04-2025: 2.0%● unchanged vs 03-2025 05-2025: 2.5%▲ +0.5 percentage points vs 04-2025 06-2025: 2.5%● unchanged vs 05-2025 07-2025: 2.8%▲ +0.3 percentage points vs 06-2025 08-2025: 3.1%▲ +0.3 percentage points vs 07-2025 09-2025: 3.1%● unchanged vs 08-2025 10-2025: 3.5%▲ +0.4 percentage points vs 09-2025 11-2025: 3.4%▼ -0.1 percentage points vs 10-2025 12-2025: 3.5%▲ +0.1 percentage points vs 11-2025 01-2026: 3.7%▲ +0.2 percentage points vs 12-2025 02-2026: 3.8%▲ +0.1 percentage points vs 01-2026 03-2026: 3.9%▲ +0.1 percentage points vs 02-2026 04-2026: 3.9%● unchanged vs 03-2026 05-2026: 3.9%● unchanged vs 04-2026 06-2026: 3.9%● unchanged vs 05-2026 07-2026: 4.0%▲ +0.1 percentage points vs 06-2026 08-2026: 4.2%▲ +0.2 percentage points vs 07-2026 09-2026: 4.3%▲ +0.1 percentage points vs 08-2026 10-2026: 5.6%▲ +1.3 percentage points vs 09-2026highest value
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Liquidity ample (current ratio 3.0; short-term debt: 26.3% and cash: 1.2% of total assets), and 26.3% 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 61, micro): better than 81% on solvency, 39% on liquidity and 91% on profitability.

The bankruptcy probability was computed on 11-10-2026 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.
raises riskneutral
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: turnover €61,311, total assets €34,506
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 50 days late; 1 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 24-09-2025)
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-09-2025, 50 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2024
50 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its 2024 accounts 50 days after the deadline; the sector median (NACE 61) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Resignation: CERIM Felenza (director)Appointment: HETEMI Labinot (director) ·…
  2. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Caution: Board changedlatest change 01-04-2026 · 1 in office 1 joined · 1 left View
  • Turnover 2024first financial year filed €61,311 View
  • Active since 2024founded 11-01-2024 2 years View

By topic

Financials

Financial year
2024
Turnover
€61,311
Profit
€21,426
Solvency
73.7%
Go to Financials

Company details

Sites
1
Legal form
Private limited company
Activity
Wired, wireless and satellite telecommunicationsNACE 61100
Founded
11-01-2024
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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