Koramic Renovation Projects
ActiveKoramic Renovation Projects has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €594k and a net result of €-111k. Equity is shrinking by ~21.5% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability28▲+1
Solvency46▼-2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 11.9 against 23.75 in 2023; short-term debt: 8.4% and cash: 0.9% of total assets), but 79.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
20.6%
Return on assets
-3.8%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-111k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
40 d early
2022
45 d early
2021
32 d early
2020
37 d early
2019
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€594k▼ 15.7%
2023 · €705k
2018: €2.12M
2019: €2.03M
2020: €1.62M
2021: €1.23M
2022: €836k
2023: €705k
2018 → 2024
Total assets
€2.88M▼ 7.7%
2023 · €3.12M
2018: €2.27M
2019: €4.61M
2020: €4.52M
2021: €4.38M
2022: €4.13M
2023: €3.12M
2018 → 2024
Net result
€-111k▲ 15.4%
2023 · €-131k
2018: €-3k
2019: €-93k
2020: €-404k
2021: €-392k
2022: €-394k
2023: €-131k
2018 → 2024
Working capital
€2.62M▼ 11.8%
2023 · €2.97M
2018: €606k
2019: €956k
2020: €-491k
2021: €-736k
2022: €-864k
2023: €2.97M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.62M-€1.23M▼ 24.2%€836k▼ 32.0%€705k▼ 15.7%€594k▼ 15.7%
Operating result€-383k-€-357k▲ 6.7%€-345k▲ 3.6%€-114k▲ 66.8%€3k
Net result€-404k-€-392k▲ 2.9%€-394k▼ 0.4%€-131k▲ 66.8%€-111k▲ 15.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €3k after a loss of €114k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.88M
Fixed assets
€15k=
Current assets
€2.86M▼ 7.8%
Equity and liabilities €2.88M
Equity
€594k▼ 15.7%
Debt
€2.29M▼ 5.4%
The debt ratio rises from 77.4% to 79.4%. Equity and debt are lower.
Key figures and ratios
Solvency
20.6%▼
2023 · 22.6%
Current ratio
11.90▼
2023 · 23.75
Quick ratio
11.90▼
2023 · 23.75
Debt / equity
3.85▲
2023 · 3.43
ROE
-18.6%▼
2023 · -18.6%
ROA
-3.8%▲
2023 · -4.2%
Debt
€2.29M▼
2023 · €2.42M
Debt ≤ 1 year
€241k▲
2023 · €131k
Debt > 1 year
€2.04M▼
2023 · €2.28M
Income taxes
€200k▲
2023 · €71k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.12M€2.88M▼
Fixed assets21/28€15k€15k=
Tangible fixed assets22/27€15k€15k=
Land and buildings22€15k€15k=
Current assets29/58€3.11M€2.86M▼
Amounts receivable after more than one year29€3.10M€2.84M▼
Other amounts receivable291€3.10M€2.84M▼
Cash at bank and in hand54/58€2k€27k▲
Equity and liabilities
Total equity and liabilities10/49€3.12M€2.88M▼
Equity10/15€705k€594k▼
Contributions10/11€36.55M€750k▼
Capital10€36.55M€750k▼
Issued capital100€36.55M€750k▼
Reserves13€34k€34k=
Non-distributable reserves130/1€34k€34k=
Legal reserve130€34k€34k=
Profit (loss) carried forward14€-35.88M€-190k▲
Amounts payable17/49€2.42M€2.29M▼
Amounts payable after more than one year17€2.28M€2.04M▼
Financial debts170/4€2.28M€2.04M▼
Amounts payable within one year42/48€131k€241k▲
Current portion of amounts payable after more than one year42€120k€240k▲
Trade debts44€11k€756▼
Suppliers440/4€11k€756▼
Accrued charges and deferred income492/3€5k€5k▼
Income statement
Code20232024
Non-recurring operating income76A-€11k
Other operating charges640/8€5k€1k▼
Non-recurring operating charges66A€89k-
Gross operating margin9900€-20k€4k▲
Operating profit (loss)9901€-114k€3k▲
Financial income75/76B€91k€116k▲
Recurring financial income75€91k€116k▲
Financial charges65/66B€37k€29k▼
Recurring financial charges65€37k€29k▼
Profit (loss) for the period before taxes9903€-60k€89k▲
Income taxes67/77€71k€200k▲
Profit (loss) for the period9904€-131k€-111k▲
Profit (loss) for the period to be appropriated9905€-131k€-111k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-35.88M€-190k▲
Profit (loss) brought forward from the previous period14P€-35.75M€-80k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity times 733current ratio 23.75
Current ratio from 0.03 to 23.75; short-term debt falls from €893k to €131k.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-404k
Net result drops to €-404k, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
20-01-2025
Christian Dumolin: Resigned as Director
25-09-2024
AGOLIS: Resigned as Director
24-07-2023
Bruno Dumolin: Resigned as Director
24-07-2023
Elire Dejager: Resigned as Director
19-12-2019
Christian Yves Isabelle Ernest DUMOLIN: Resigned as Director
19-12-2019
DEJAGER Eline Rachel Leon: Resigned as Director
19-12-2019
DUMOLIN Bruno Paul Joseph: Resigned as Director
15-06-2017
Ivan Van den Buicke: Resigned as Director
01-12-2014
Christian Dumolin: Resigned as Director
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1991
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kapel ter Bede(Kor) 848500 KortrijkGround 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
Koramic Invest
since 19912.051.457.750
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
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
699400HBL0AGTUI70M97
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-12-1990
Fiscal year end31-12
Legal name NL
KORINCO
Abbreviation NL
KORIN
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.