Korayhan
ActiveKorayhan has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €210k and a net result of €39k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 82% of 4575 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
75
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability86▲+5
Solvency99▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 2.67 against 2.27 in 2024; short-term debt: 25.8% and cash: 13.4% of total assets), and 26.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← 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
73.9%
Return on assets
13.6%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
9 d early
2024
on the day
2023
6 d late
2022
15 d late
2021
3 d late
2020
16 d late
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€210k▲ 22.6%
2024 · €171k
2019: €104k
2020: €136k
2021: €157k
2022: €172k
2023: €176k
2024: €171k
2019 → 2025
Total assets
€283k▲ 9.6%
2024 · €259k
2019: €192k
2020: €187k
2021: €209k
2022: €244k
2023: €276k
2024: €259k
2019 → 2025
Net result
€39k▲ 55.1%
2024 · €25k
2019: €85k
2020: €32k
2021: €21k
2022: €45k
2023: €4k
2024: €25k
2019 → 2025
Working capital
€122k▲ 18.8%
2024 · €103k
2019: €95k
2020: €125k
2021: €144k
2022: €158k
2023: €120k
2024: €103k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€157k-€172k▲ 9.6%€176k▲ 2.5%€171k▼ 2.9%€210k▲ 22.6%
Operating result€23k-€56k▲ 143%€6k▼ 88.5%€35k▲ 447%€53k▲ 50.5%
Net result€21k-€45k▲ 118%€4k▼ 90.3%€25k▲ 469%€39k▲ 55.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 51% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €283k
Fixed assets
€88k▲ 17.8%
Current assets
€195k▲ 6.3%
Equity and liabilities €283k
Equity
€210k▲ 22.6%
Debt
€74k▼ 15.8%
The debt ratio falls from 33.9% to 26.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€65k▲
2024 · €54k
Cash flow
€51k▲
2024 · €44k
Solvency
73.9%▲
2024 · 66.1%
Current ratio
2.67▲
2024 · 2.27
Quick ratio
2.67▲
2024 · 2.27
Debt / equity
0.35▼
2024 · 0.51
ROE
18.4%▲
2024 · 14.6%
ROA
13.6%▲
2024 · 9.6%
Interest coverage
77.84▲
2024 · 35.97
Debt
€74k▼
2024 · €88k
Debt ≤ 1 year
€73k▼
2024 · €81k
Debt > 1 year
€0▼
2024 · €6k
Income taxes
€20k▲
2024 · €14k
Staff costs
€365▼
2024 · €8k
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€259k€283k▲
Fixed assets21/28€75k€88k▲
Tangible fixed assets22/27€60k€74k▲
Plant, machinery and equipment23€741€1k▲
Furniture and vehicles24€48k€67k▲
Leasing and similar rights25€11k€6k▼
Financial fixed assets28€14k€14k=
Current assets29/58€184k€195k▲
Amounts receivable within one year40/41€161k€149k▼
Trade receivables40€55k€42k▼
Other amounts receivable41€106k€108k▲
Cash at bank and in hand54/58€15k€38k▲
Deferred charges and accrued income490/1€8k€8k▲
Equity and liabilities
Total equity and liabilities10/49€259k€283k▲
Equity10/15€171k€210k▲
Contributions10/11€19k€19k=
Reserves13€152k€191k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€152k€191k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€88k€74k▼
Amounts payable after more than one year17€6k€0▼
Financial debts170/4€6k€0▼
Amounts payable within one year42/48€81k€73k▼
Current portion of amounts payable after more than one year42€15k€6k▼
Trade debts44€14k€21k▲
Suppliers440/4€14k€21k▲
Taxes, remuneration and social security45€22k€47k▲
Taxes450/3€9k€36k▲
Remuneration and social security454/9€12k€10k▼
Other amounts payable47/48€30k€0▼
Accrued charges and deferred income492/3€652€679▲
Income statement
Code20242025
Non-recurring operating income76A€0€844▲
Remuneration, social security and pensions62€8k€365▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€19k€12k▼
Other operating charges640/8€2k€3k▲
Non-recurring operating charges66A-€25k
Gross operating margin9900€64k€94k▲
Operating profit (loss)9901€35k€53k▲
Financial income75/76B€5k€7k▲
Recurring financial income75€5k€7k▲
Financial charges65/66B€2k€841▼
Recurring financial charges65€2k€841▼
Profit (loss) for the period before taxes9903€39k€59k▲
Income taxes67/77€14k€20k▲
Profit (loss) for the period9904€25k€39k▲
Profit (loss) for the period to be appropriated9905€25k€39k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€39k▲
Transfer from equity791/2€30k€0▼
Transfer to equity691/2€25k€39k▲
To other reserves6921€25k€39k▲
Profit to be distributed694/7€30k€0▼
Return on contributions (dividend)694€30k€0▼
The notes to these accounts (13 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
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Equity above €200kEq €210k ▲22.6%
7 profitable years in a row build equity to €210k.
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
06-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 6 days late
2023
30-06
Financial
Weakest financial yearnet €4k ▼90.3%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
15-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
03-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
30-06
Financial
Equity above €150kEq €157k ▲15.2%
3 profitable years in a row build equity to €157k.
16-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 16 days late
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Waregem · 1 establishment unit since 2018
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.
Gentseweg 6478793 WaregemGround area
264 m²
Building footprint
104 m²
Volume, LiDAR
470 m³
Parcel 34035A0196/00C003, Flanders · tallest building 8.7 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Korayhan
since 20182.272.667.735
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035A0196/00C003 | Flanders | 264 m² | 1 · 103 m² | 8.7 m · 1 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 2 entries · 726 EUR awarded · 726 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 339 EUR | 339 EUR |
| 2022 | 1 | 387 EUR | 387 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaregem2.272.667.735
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Of 12,606 companies in sector 49410 we hold annual accounts for 8,199. 6,166 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-02-2018
Fiscal year end30-06
Activities, NACEBEL
49410Freight transport by road
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.