KORBA
ActiveSummary
KORBA has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€15,430) and a net result of -€858. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 12% of 7814 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-25
Solvency22=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.08 in 2024; short-term debt: 54.8% and cash: 4.1% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-3.1%
Return on assets
-0.2%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€15,430
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 31-07-2026, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
61 d late
2023
68 d late
2022
21 d early
2021
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 33 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€15,430▼ 5.9%
2024 · -€14,572
Total assets
€504,965▼ 2.7%
2024 · €518,713
Net result
-€858
2024 · €13,727
Working capital
-€250,603▼ 1.3%
2024 · -€247,286
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€9,689--€10,621▼ 9.6%€9,405€20,096▲ 114%€7,053▼ 64.9%
Net result-€13,102--€19,207▼ 46.6%€2,010€13,727▲ 583%-€858
Equity-€11,102--€30,308▼ 173%-€28,298▲ 6.6%-€14,572▲ 48.5%-€15,430▼ 5.9%
Total assets€557,912-€539,628▼ 3.3%€528,614▼ 2.0%€518,713▼ 1.9%€504,965▼ 2.7%
Debt€569,014-€569,936▲ 0.2%€556,912▼ 2.3%€533,285▼ 4.2%€520,394▼ 2.4%
Working capital-€231,104--€234,094▼ 1.3%-€239,574▼ 2.3%-€247,286▼ 3.2%-€250,603▼ 1.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €504,965
Fixed assets
€478,989 ▼ 3.8%
Current assets
€25,975 ▲ 24.0%
Key figures and ratios
EBITDA
€27,161▼
2024 · €40,157
Cash flow
€19,251▼
2024 · €33,788
Solvency
-3.1%▼
2024 · -2.8%
Current ratio
0.09▲
2024 · 0.08
Quick ratio
0.09▲
2024 · 0.07
Debt to equity
-33.73▲
2024 · -36.60
ROA
-0.2%▼
2024 · 2.6%
Interest coverage
3.43▼
2024 · 6.30
Debt ≤ 1 year
€276,578▲
2024 · €268,231
Debt > 1 year
€243,816▼
2024 · €265,053
Staff costs
€7,683▲
2024 · €4,286
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,217 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- negative equity
- a small loss
1.2%
went bankrupt
2.6%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,217 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €651 | €9,408 | €11,140 | €4,286 | €7,683 | ▲ 79.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €121 | €19,198 | €19,660 | €20,061 | €20,109 | ▲ 0.2% |
| Other operating charges640/8 | €663 | €112 | €470 | €6,368 | €3,980 | ▼ 37.5% |
| Gross operating margin9900 | -€8,254 | €18,097 | €40,675 | €50,811 | €38,824 | ▼ 23.6% |
| Operating profit (loss)9901 | -€9,689 | -€10,621 | €9,405 | €20,096 | €7,053 | ▼ 64.9% |
| Financial income75/76B | €1 | €74 | - | - | - | - |
| Recurring financial income75 | €1 | €74 | - | - | - | - |
| Financial charges65/66B | €3,412 | €8,660 | €7,395 | €6,370 | €7,911 | ▲ 24.2% |
| Recurring financial charges65 | €3,412 | €8,660 | €7,395 | €6,370 | €7,911 | ▲ 24.2% |
| Profit (loss) for the period before taxes9903 | -€13,100 | -€19,207 | €2,010 | €13,727 | -€858 | ▼ 106% |
| Income taxes67/77 | €2 | - | - | - | - | - |
| Profit (loss) for the period9904 | -€13,102 | -€19,207 | €2,010 | €13,727 | -€858 | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | -€13,102 | -€19,207 | €2,010 | €13,727 | -€858 | ▼ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €557,912 | €539,628 | €528,614 | €518,713 | €504,965 | ▼ 2.7% |
| Fixed assets21/28 | €546,781 | €530,564 | €517,829 | €497,768 | €478,989 | ▼ 3.8% |
| Intangible fixed assets21 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Tangible fixed assets22/27 | €496,781 | €480,564 | €467,829 | €447,768 | €428,989 | ▼ 4.2% |
| Land and buildings22 | €426,661 | €414,761 | €408,078 | €395,656 | €383,235 | ▼ 3.1% |
| Plant, machinery and equipment23 | €70,000 | €65,683 | €59,024 | €51,087 | €43,789 | ▼ 14.3% |
| Furniture and vehicles24 | €120 | €120 | €727 | €1,025 | €1,966 | ▲ 91.8% |
| Current assets29/58 | €11,131 | €9,063 | €10,785 | €20,945 | €25,975 | ▲ 24.0% |
| Stocks and contracts in progress3 | - | - | €2,462 | €2,462 | €1,271 | ▼ 48.4% |
| Stocks30/36 | - | - | €2,462 | €2,462 | €1,271 | ▼ 48.4% |
| Amounts receivable within one year40/41 | €1,538 | €2,293 | €2,733 | €3,189 | €4,200 | ▲ 31.7% |
| Other amounts receivable41 | €1,538 | €2,293 | €2,733 | €3,189 | €4,200 | ▲ 31.7% |
| Cash at bank and in hand54/58 | €9,593 | €6,771 | €5,590 | €15,294 | €20,504 | ▲ 34.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €557,912 | €539,628 | €528,614 | €518,713 | €504,965 | ▼ 2.7% |
| Equity10/15 | -€11,102 | -€30,308 | -€28,298 | -€14,572 | -€15,430 | ▼ 5.9% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Capital10 | €2,000 | €2,000 | - | - | - | - |
| Issued capital100 | €2,000 | €2,000 | - | - | - | - |
| Profit (loss) carried forward14 | -€13,102 | -€32,308 | -€30,298 | -€16,572 | -€17,430 | ▼ 5.2% |
| Amounts payable17/49 | €569,014 | €569,936 | €556,912 | €533,285 | €520,394 | ▼ 2.4% |
| Amounts payable after more than one year17 | €326,778 | €326,778 | €306,554 | €265,053 | €243,816 | ▼ 8.0% |
| Financial debts170/4 | €326,778 | €326,778 | €306,554 | €265,053 | €243,816 | ▼ 8.0% |
| Amounts payable within one year42/48 | €242,235 | €243,157 | €250,358 | €268,231 | €276,578 | ▲ 3.1% |
| Current portion of amounts payable after more than one year42 | €19,930 | - | - | €20,903 | €21,237 | ▲ 1.6% |
| Trade debts44 | €9,463 | €28,425 | €29,091 | €38,488 | €21,743 | ▼ 43.5% |
| Suppliers440/4 | €9,463 | €28,425 | €29,091 | €38,488 | €21,743 | ▼ 43.5% |
| Taxes, remuneration and social security45 | - | €1,890 | €8,425 | €10,138 | €9,767 | ▼ 3.7% |
| Taxes450/3 | - | €1,890 | €8,425 | €9,918 | €9,757 | ▼ 1.6% |
| Remuneration and social security454/9 | - | - | - | €220 | €10 | ▼ 95.5% |
| Other amounts payable47/48 | €212,842 | €212,842 | €212,842 | €198,703 | €223,831 | ▲ 12.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,102 | -€19,207 | €2,010 | €13,727 | -€858 | ▼ 106% |
| + Depreciation and write-downs630 | €121 | €19,198 | €19,660 | €20,061 | €20,109 | ▲ 0.2% |
| Operating cash flow (approximation) | -€12,981 | -€9 | €21,670 | €33,788 | €19,251 | ▼ 43.0% |
| Investment in fixed assets (approximation) | - | -€2,981 | -€6,925 | €0 | -€1,330 | - |
| Change in cash | - | -€2,823 | -€1,181 | €9,704 | €5,210 | ▼ 46.3% |
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
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2021net €13,727 ▲583%
Operating result €20,096, net result €13,727, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Back to profitnet €2,010
Net result €2,010 after 2 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€19,207
Net result drops to -€19,207, the lowest in the series; recovery starts the following year.
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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 2016
Ground area
684 m²
Building footprint
375 m²
Volume, LiDAR
2,573 m³
2 parcels, Flanders · tallest building 13.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Karen Demuynck
since 20162.256.486.650
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354C0107/00X000 | Flanders | 395 m² | 1 · 267 m² | 13.0 m · 3 fl. |
| 34354C0094/00A005 | Flanders | 289 m² | 1 · 108 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortrijk2.256.486.650
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 24,517 companies in sector 82990 we hold annual accounts for 9,415. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
56301Cafés and bars
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0656760472
Also
9925:BE0656760472
Registered
09-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.