KORAMIC SOLAR
ActiveKORAMIC SOLAR has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €472k and a net result of €113k. Equity is shrinking by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 82% of 268 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +19 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+32
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 2.25 against 1.43 in 2024), and 34.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 35
Relative position
BE, all sectors
reference
Sector 35
lower
← 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 2025Solvency, return and age of the figures
Solvency
65.6%
Return on assets
15.7%
Age of the figures
8 mo
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
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €472k
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
51 d early
2023
36 d early
2022
39 d early
2021
16 d late
2020
25 d early
2019
17 d early
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€113k▲ 39.3%
2024 · €81k
2018: €150k
2019: €100k
2020: €93k
2021: €121k
2022: €277k
2023: €166k
2024: €81k
2018 → 2025
Working capital
€310k▲ 84.2%
2024 · €168k
2018: €652k
2019: €738k
2020: €580k
2021: €705k
2022: €474k
2023: €120k
2024: €168k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€835k-€612k▼ 26.7%€278k▼ 54.6%€359k▲ 29.2%€472k▲ 31.4%
Operating result€227k-€437k▲ 93.0%€247k▼ 43.6%€127k▼ 48.4%€172k▲ 35.2%
Net result€121k-€277k▲ 129%€166k▼ 40.3%€81k▼ 51.0%€113k▲ 39.3%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 35% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €720k
Fixed assets
€163k▼ 59.0%
Current assets
€557k▲ 0.1%
Equity and liabilities €720k
Equity
€472k▲ 31.4%
Debt
€248k▼ 58.3%
The debt ratio falls from 62.4% to 34.4%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€407k▲
2024 · €362k
Cash flow
€348k▲
2024 · €316k
Solvency
65.6%▲
2024 · 37.6%
Current ratio
2.25▲
2024 · 1.43
Quick ratio
2.25▲
2024 · 1.43
Debt / equity
0.53▼
2024 · 1.66
ROE
23.9%▲
2024 · 22.6%
ROA
15.7%▲
2024 · 8.5%
Interest coverage
20.17▲
2024 · 10.93
Debt
€248k▼
2024 · €596k
Debt ≤ 1 year
€247k▼
2024 · €389k
Income taxes
€39k▲
2024 · €27k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€955k€720k▼
Fixed assets21/28€398k€163k▼
Tangible fixed assets22/27€398k€163k▼
Leasing and similar rights25€398k€163k▼
Current assets29/58€557k€557k▲
Amounts receivable within one year40/41€53k€49k▼
Trade receivables40€19k€15k▼
Other amounts receivable41€33k€33k=
Cash at bank and in hand54/58€463k€497k▲
Deferred charges and accrued income490/1€41k€11k▼
Equity and liabilities
Total equity and liabilities10/49€955k€720k▼
Equity10/15€359k€472k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€292k€404k▲
Amounts payable17/49€596k€248k▼
Amounts payable after more than one year17€206k-
Financial debts170/4€206k-
Amounts payable within one year42/48€389k€247k▼
Current portion of amounts payable after more than one year42€267k€184k▼
Trade debts44€58k€44k▼
Suppliers440/4€58k€44k▼
Taxes, remuneration and social security45€64k€20k▼
Taxes450/3€64k€20k▼
Accrued charges and deferred income492/3€1k€611▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€235k€235k=
Other operating charges640/8€58k€60k▲
Gross operating margin9900€420k€467k▲
Operating profit (loss)9901€127k€172k▲
Financial income75/76B€14k€1▼
Recurring financial income75€14k€1▼
Financial charges65/66B€33k€20k▼
Recurring financial charges65€33k€20k▼
Profit (loss) for the period before taxes9903€108k€152k▲
Income taxes67/77€27k€39k▲
Profit (loss) for the period9904€81k€113k▲
Profit (loss) for the period to be appropriated9905€81k€113k▲
Appropriation of the result
Profit (loss) to be appropriated9906€292k€404k▲
Profit (loss) brought forward from the previous period14P€210k€292k▲
The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €81k ▼51%
Net result drops to €81k, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €277k ▲129%
Operating result €437k, net result €277k, both a record.
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · 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.
30-05-2025
Dimitri Van den Bossche: Resigned as Director
05-06-2024
Sterckx Business Services BV: Resigned as Director
30-04-2024
DV CONSULTING H. DE VALCK: Resigned as Director
15-09-2023
Aquarius BV: Resigned as Director
10-03-2023
SWI Consulting BV: Resigned as Director
18-12-2017
Orka NV: Resigned as Director
28-02-2014
Imofin BVBA: Resigned as Director
30-08-2013
Christiaan Dumolin: Resigned as Director
30-08-2013
Marc Vankeirsbilck: Resigned as Director
30-08-2013
Marc Vankeirsbilck: Resigned as Managing director
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 2010
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 Solar
since 20102.194.452.081
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.
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Of 816 companies in sector 35110 we hold annual accounts for 632. 431 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-11-2010
Fiscal year end31-12
Activities, NACEBEL
35110Production of electricity from non-renewable sources
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.