Active BE 0769.621.655Private limited company

Korean Register Belgium

Kapelsesteenweg 292 ·2930 Brasschaat, Belgium· 5 yrs active

Sector: Overige technische testen en toetsen (71209)

Conclusion Checked

The computed 12-month bankruptcy probability of Korean Register Belgium is 1.4% (low). The 2024 annual accounts show negative equity (€-417k) and a net result of €-151k. Equity is shrinking by ~53.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 304 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-417k
Net result	€-151k
Staff (FTE)	1
Better than sector	5%

Financial profile 5 of 5 axes measured · computed by Checked

55 / 100

Mixed profile: strong on profitability, weaker on health.

All 5 axes are computed from data Checked has read.

Health 17

Profitability 100

Solvency 33

Growth 32

Stability 94

Bankruptcy probability (12 mo) Checked model v1 · free

1.4% Low

0%0,5%1,5%4%10%≥25%

Annual accounts: weaker financial profile +Lower-failure-rate sector −Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2021, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2024 · computed

17 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview3 NBB filings

Annual accounts filed on 23-09-2025 with the NBB · fiscal year 2024 · verkort

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~53.7%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 71, Architecture & engineering · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-692.2%	36.1%	better than 5% of 304 sector peers
Net result	€-151k	€14k	better than 8% of 304 sector peers
Equity	€-417k	€89k	better than 5% of 304 sector peers
Gross operating margin	€-70k	€74k	better than 5% of 302 sector peers
Staff costs	€82k	€186k	higher than 33% of 130 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Net profit

€-151k

-12.2% 22-24

Total assets

€60k

+3.2% 22-24

Equity

€-417k

-56.8% 22-24

Working capital

€-419k

-56.2% 22-24

Employees (FTE)

1

0.0% 22-24

Staff costs

€82k

-22.7% 22-24

Income taxes

€294

+147.4% 22-24

Debt

€477k

+47.1% 22-24

Show 7 other metrics

Debt ≤ 1y

€477k

+47.1% 22-24

Current ratio

0.12

-29.8% 22-24

Quick ratio

0.12

-29.8% 22-24

Solvency

-692.2%

-51.9% 22-24

Debt / equity

-1.14

+6.2% 22-24

ROE

36.2%

-28.4% 22-24

ROA

-250.7%

-8.7% 22-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	verkort
Revenue	-
EBITDA	-
Net profit	€-151k
Cash flow	-
Staff costs	€82k
Income taxes	€294
Dividends	-
Total assets	€60k
Equity	€-417k
Debt	€477k
of which ≤ 1y	€477k
of which > 1y	-
Working capital	€-419k
Employees (FTE)	1.0

Ratios (computed)

	2024
Current ratio	0.12
Quick ratio	0.12
Working capital ratio	-696.4%
Solvency	-692.2%
Debt / equity	-1.14
Long-term debt ratio	-
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-250.7%
ROE	36.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €3k · 4.2% Current assets €58k · 95.8%

Full annual accounts (21 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€60k
Fixed assets	21/28	€3k
Financial fixed assets	28	€3k
Current assets	29/58	€58k
Amounts receivable within one year	40/41	€55k
Cash & bank	54/58	€2k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€60k
Equity	10/15	€-417k
Contributions / capital	10/11	€1k
Accumulated profits (losses)	14	€-418k
Amounts payable	17/49	€477k
Amounts payable within one year	42/48	€477k
Trade debts payable within one year	44	€2k
Income statement
Gross operating margin	9900	€-70k
Operating result	9901	€-152k
Financial income	75	€3k
Financial charges	65	€1k
Result before taxes	9903	€-151k
Income taxes	67/77	€294
Net result for the period	9904	€-151k
Result to be appropriated	9905	€-151k

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 2 directors

Current directors & mandates

Ryu Kuem Chung
Director
State Gazette act 22123475 (17-10-2022)

Current
16-11-2021 → present

Former directors (1)

Mirova BVLegal entity
Director· perm. rep.: Luc Van Coppenolle
State Gazette act 22123475 (17-10-2022)

Former
- → 17-10-2022

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Legal Structure

NACE primary	Overige technische testen en toetsen(71209)
Legal form	Private limited company(610)
Incorporation	11-06-2021
Status	Active
Postal code	2930

Establishment units 1 location

Korean Register Belgium

Kapelsesteenweg 292, 2930 BrasschaatTesten en analyseren van materialen, producten, installaties, enz in verband met hun samenstelling, fysische eigenschappen, prestaties en overeenstemming met vooropgestelde normen of met lastenkohier

since 20212.318.168.257

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11322E0001/00H003	Flanders	2,400 m²	1 · 126 m²	8.0 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 5 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

23-09-2025

NBB filing Annual accounts filed

fiscal year 2024 · verkort

2024

30-10-2024

NBB filing Annual accounts filed

fiscal year 2023 · verkort

2023

19-12-2023

NBB filing Annual accounts filed

fiscal year 2022 · verkort

2022

09-12-2022

State Gazette act Director changes

17-10-2022

State Gazette act Director changes

21142134 · correction

Belgian State Gazette reading coverage 0 of 4 acts read

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.

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 3 years ago

2022

09-12-2022 Discharge granted to the board Director changes

Original publication ↗

Technical details

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17-10-2022 1 director appointed, 1 resigning Director changescorrection

Ryu Kuem Chung, Bestuurder
Luc Van Coppenolle, Bestuurder

Summary: 21142134

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Overige technische testen en toetsen71209

Primary activity highlighted.

Names & trade names

Legal nameNL

Korean Register Belgium

Registered office

Kapelsesteenweg 292

2930 Brasschaat, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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