Financials
- Fiscal year
- 2024
- Total assets
- €1.8m
- Profit
- €254,129
- Solvency
- 59.4%
Total assets▲ 0.1%
Net result
20182024
KORAGE
ActiveSummary
KORAGE has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.1m and a net result of €254,129. Equity is growing by ~10.6% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
What they do
Wholesale of non-electrical household articles
NACE 46494Joinery installation NACE 43320NACE 45421
1 site
How big
€1.8mtotal assets 2024
- Staff
- 20.1 FTE
- Equity
- €1.1m
- Profit
- €254,129
Turnover not published (abridged schema)
Who decides
- Parent
- GINOX · 100%
Accounts 36 d early0 of 6 deeds read
Why 82- Higher-failure-rate sector+ Long track record+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2024
Axes · tick = 2023
Profitability86▲+2
Solvency84▼-6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
Liquidity ample (current ratio 2.47 against 2.6 in 2023; short-term debt: 35.3% and cash: 39.2% of total assets), and 40.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
59.4%
Return on assets
14.2%
Age of the figures
21 mo
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 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 d early
2024
112 d early
2023
100 d early
2022
98 d early
2021
34 d early
2020
32 d early
2019
58 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 67 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 24 April (4 of the last 5 filed years within 62 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
Key points
By topic
Board & ownership
- Parent
- GINOX · 100%
Timeline
- Events
- 13
- Since
- 2017
- Next accounts
- by 31-07-2027
- 25-06-2026Annual accounts filed
- 10-04-2025Annual accounts filed
- 22-04-2024Annual accounts filed
Support & recognitions
- Funding sources
- 1
- Recognitions
- 2 registers
- Flemish government
- €4,063awarded · 2022 - 2025
- Registered contractor
- 1categories
- LEI
- active984500957840944F3A50
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Wholesale of non-electrical household articlesNACE 46494
- Founded
- 09-05-2001
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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 Can you trust this company with building work?Contractor 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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