Summary
Koramic Chemicals is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.7m and a net result of -€701,003. Equity is growing by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 15% of 2413 sector peers (fiscal year 2025). The company has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 03-07-2026, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
28 d early
2024
35 d early
2023
51 d early
2022
45 d early
2021
11 d early
2020
68 d late
2019
28 d late
← 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 11 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€3.7m▼ 16.0%
2024 · €4.4m
Net result
-€701,003
2024 · €994,139
Total assets
€23.3m▲ 6.4%
2024 · €21.9m
Solvency
15.7%▼ 4.2pp
2024 · 20.0%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, 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
Turnover€655,931▲ 109%
Operating result€3,473▼ 90.7%€642,452▲ 18,396%-€138,321€120,738€94,737▼ 21.5%
Net result-€83,479below the sector's middle half€523,820above the sector's middle half-€470,230below the sector's middle half€994,139above the sector's middle half-€701,003below the sector's middle half
Equity€3.3mwithin the sector's middle half▼ 2.5%€3.8mabove the sector's middle half▲ 15.8%€3.4mabove the sector's middle half▼ 12.2%€4.4mabove the sector's middle half▲ 29.5%€3.7mwithin the sector's middle half▼ 16.0%
Total assets€9.3mwithin the sector's middle half▲ 8.2%€9.2mabove the sector's middle half▼ 1.5%€12.1mabove the sector's middle half▲ 32.2%€21.9mabove the sector's middle half▲ 80.8%€23.3mwithin the sector's middle half▲ 6.4%
Debt€6.0m▲ 15.2%€5.3m▼ 11.1%€8.7m▲ 64.3%€17.5m▲ 101%€19.6m▲ 12.1%
Working capital€213,896▼ 85.2%€177,042▼ 17.2%-€25,014€66,077€49,482▼ 25.1%
Solvency35.7%within the sector's middle half▼ 3.9pp42.0%within the sector's middle half▲ 6.3pp27.9%within the sector's middle half▼ 14.1pp20.0%below the sector's middle half▼ 7.9pp15.7%below the sector's middle half▼ 4.2pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23.3m
Fixed assets
€23.2m ▲ 7.0%
Current assets
€147,137 ▼ 42.7%
Equity and liabilities €23.3m
Equity
€3.7m ▼ 16.0%
Debt
€19.6m ▲ 12.1%
Debt's share of the balance-sheet total rises from 80.0% to 84.3%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-19.1%▼
2024 · 22.8%
ROA
-3.0%▼
2024 · 4.5%
Debt ≤ 1 year
€97,655▼
2024 · €190,582
Debt > 1 year
€19.5m▲
2024 · €17.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €668,836 | - | - | - | - | - |
| Turnover70 | €655,931 | - | - | - | - | - |
| Other operating income74 | €12,905 | - | - | - | - | - |
| Non-recurring operating income76A | - | €682,399 | €41,965 | €98,313 | €89,856 | ▼ 8.6% |
| Operating charges60/66A | €665,363 | - | - | - | - | - |
| Services and other goods61 | €663,356 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,906 | €1,346 | €1,345 | €1,346 | €1,345 | ▼ 0.1% |
| Other operating charges640/8 | €101 | €980 | €1,125 | €1,423 | €1,526 | ▲ 7.2% |
| Non-recurring operating charges66A | - | - | €55,000 | - | - | - |
| Gross operating margin9900 | - | €644,778 | -€80,851 | €123,507 | €97,608 | ▼ 21.0% |
| Operating profit (loss)9901 | €3,473 | €642,452 | -€138,321 | €120,738 | €94,737 | ▼ 21.5% |
| Financial income75/76B | €13,281 | €24,515 | €36,973 | €1.3m | €91,434 | ▼ 93.1% |
| Recurring financial income75 | €13,281 | €24,515 | €36,973 | €1.3m | €91,434 | ▼ 93.1% |
| Income from financial fixed assets750 | €13,281 | - | - | - | - | - |
| Financial charges65/66B | €100,234 | €143,147 | €368,882 | €443,676 | €887,174 | ▲ 100.0% |
| Recurring financial charges65 | €100,234 | €143,147 | €368,882 | €443,676 | €774,674 | ▲ 74.6% |
| Debt charges650 | €73,458 | - | - | - | - | - |
| Other financial charges652/9 | €26,775 | - | - | - | - | - |
| Non-recurring financial charges66B | - | - | - | - | €112,500 | - |
| Profit (loss) for the period before taxes9903 | -€83,479 | €523,820 | -€470,230 | €994,139 | -€701,003 | ▼ 171% |
| Profit (loss) for the period9904 | -€83,479 | €523,820 | -€470,230 | €994,139 | -€701,003 | ▼ 171% |
| Profit (loss) for the period to be appropriated9905 | -€83,479 | €523,820 | -€470,230 | €994,139 | -€701,003 | ▼ 171% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €9.3m | €9.2m | €12.1m | €21.9m | €23.3m | ▲ 6.4% |
| Fixed assets21/28 | €8.7m | €8.7m | €11.9m | €21.6m | €23.2m | ▲ 7.0% |
| Intangible fixed assets21 | €6,362 | €5,016 | €3,671 | €2,325 | €980 | ▼ 57.8% |
| Financial fixed assets28 | €8.7m | €8.7m | €11.9m | €21.6m | €23.2m | ▲ 7.0% |
| Affiliated companies280/1 | €8.7m | - | - | - | - | - |
| Participating interests280 | €8.5m | - | - | - | - | - |
| Amounts receivable281 | €223,267 | - | - | - | - | - |
| Current assets29/58 | €591,941 | €493,391 | €169,844 | €256,659 | €147,137 | ▼ 42.7% |
| Amounts receivable within one year40/41 | €569,351 | €385,206 | €136,320 | €247,959 | €101,166 | ▼ 59.2% |
| Trade receivables40 | €498,239 | €377,797 | €123,438 | €198,906 | €97,486 | ▼ 51.0% |
| Other amounts receivable41 | €71,112 | €7,409 | €12,882 | €49,053 | €3,680 | ▼ 92.5% |
| Cash at bank and in hand54/58 | €22,090 | €108,185 | €33,524 | €8,354 | €39,462 | ▲ 372% |
| Deferred charges and accrued income490/1 | €500 | - | - | €346 | €6,509 | ▲ 1,781% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €9.3m | €9.2m | €12.1m | €21.9m | €23.3m | ▲ 6.4% |
| Equity10/15 | €3.3m | €3.8m | €3.4m | €4.4m | €3.7m | ▼ 16.0% |
| Contributions10/11 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Capital10 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Issued capital100 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Reserves13 | €110,738 | €110,738 | €110,738 | €110,738 | €110,738 | = |
| Non-distributable reserves130/1 | €110,738 | €110,738 | €110,738 | €110,738 | €110,738 | = |
| Legal reserve130 | €110,738 | €110,738 | €110,738 | €110,738 | €110,738 | = |
| Profit (loss) carried forward14 | €2.1m | €2.6m | €2.2m | €3.2m | €2.5m | ▼ 22.2% |
| Amounts payable17/49 | €6.0m | €5.3m | €8.7m | €17.5m | €19.6m | ▲ 12.1% |
| Amounts payable after more than one year17 | €5.6m | €5.0m | €8.5m | €17.3m | €19.5m | ▲ 13.0% |
| Financial debts170/4 | €5.6m | €5.0m | €8.5m | €17.3m | €19.5m | ▲ 13.0% |
| Other loans174 | €5.6m | - | - | - | - | - |
| Amounts payable within one year42/48 | €378,045 | €316,349 | €194,858 | €190,582 | €97,655 | ▼ 48.8% |
| Trade debts44 | €378,045 | €315,003 | €194,858 | €190,582 | €97,655 | ▼ 48.8% |
| Suppliers440/4 | €378,045 | €315,003 | €194,858 | €190,582 | €97,655 | ▼ 48.8% |
| Taxes, remuneration and social security45 | - | €1,346 | - | - | - | - |
| Taxes450/3 | - | €1,346 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €38,866 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€83,479 | €523,820 | -€470,230 | €994,139 | -€701,003 | ▼ 171% |
| + Depreciation and write-downs630 | €1,906 | €1,346 | €1,345 | €1,346 | €1,345 | ▼ 0.1% |
| Operating cash flow (approximation) | -€81,573 | €525,166 | -€468,885 | €995,485 | -€699,658 | ▼ 170% |
| Investment in fixed assets (approximation) | - | €37,981 | -€3.3m | -€9.7m | -€1.5m | ▲ 84.3% |
| Change in cash | - | €86,095 | -€74,661 | -€25,170 | €31,108 | ▲ 224% |
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
03-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€701,003
Net result drops to -€701,003, the lowest in the series.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €994,139
Net result €994,139 after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €523,820
Net result €523,820 after one loss-making year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
07-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 68 days late
2020
31-12
Financial
Liquidity times 8current ratio 8.65
Current ratio from 1.07 to 8.65; short-term debt falls from €220,009 to €188,378.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 28 days late
2019
31-12
Financial
Liquidity triplescurrent ratio 1.07
Current ratio from 0.41 to 1.07.
Show earlier events
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 22 acts read
About the unread acts
We know of 22 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
22 acts for this company are 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, Kortrijk · 1 establishment unit since 1996
Ground area
1.5 ha
Building footprint
392 m²
Volume, LiDAR
4,504 m³
Parcel 34353B0292/00H000, Flanders · tallest building 12.7 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Kapel ter Bede(Kor) 84, 8500 Kortrijk
since 19962.067.781.662
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0292/00H000 | Flanders | 1.5 ha | 1 · 392 m² | 12.7 m · 4 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.
Structure & network
Part of the group
KORAMIC INVESTMENTS
49 companies
Group, risk and exposure
Owners and holdings
1 owner · 7 holdingsChain of control
- KORAMIC INVESTMENTS
- Koramic Chemicals
Highest known parent: KORAMIC INVESTMENTS. The sources do not say who stands above it.
Owners 1
- KORAMIC INVESTMENTSparent100%
Holdings 7
-
100%
-
100%
-
100%
-
100%
-
50%
- Equity €802,319Result €134,35350%
-
35%
According to the 2025 annual accounts of Koramic Chemicals and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 9,102 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded18-07-1994
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0453083337
Also
9925:BE0453083337
Registered
15-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.