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Koren

Active
Public limited companyfounded 2012active for 14 yearsFruithoflaan 53, 2960 Brecht, BelgiumKBO/BCE: BE 0844.817.540

From the official registers: KBO 13 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

Koren has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €219,528 and a net result of -€27,402. Equity is shrinking by about 17% per year across the filed financial years. Its solvency ranks better than 76% of 5,789 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (low).

Risk analysisFollow ReportCompare
KorenActiveChecked score 81/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 22-03-2012 Normal situation
Legal form
Public limited company
Registered office
Fruithoflaan 53, 2960 Brecht
Activity
Development of residential building projects NACE 68121
Establishment unit
2.208.704.747 2960 Brecht, since 22-03-2012
Financial year end
31 December
Peppol
Reachable since 03-11-2025
Company details

Who decides

Board
Shareholders
Board & ownership

How it is doing

81 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts 2025
Gross margin
-€26,555
▲ 11.9%
Loss
€27,402
▼ 12.7%
Equity
€219,528
▼ 11.1%
Total assets
€298,757
▲ 14.6%
2025 accounts 9 days early
Filed on 22-07-2026at the National Bank
Financials
Why 81raises riskLiquidity: current ratio 4.14, cash €134, halvedLoss of €27,402, the second in a row (financial year 2025)lowers riskSize: total assets €298,757Equity €219,528 (73.5% of total assets)Show the evidence

Checked score

Score 2025
81 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 40% of its sector peers (NACE 68, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 98-2
equity 73.5% of total assets
Liquidity 41-18
short-term debt 24.2% · cash 0.0%
Profitability 15+8
return on assets -9.2%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,628 companies, NACE 68, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.2%▼ -0.1 percentage points vs 07-2025lowest value 09-2025: 0.2%● unchanged vs 08-2025lowest value 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.3%▲ +0.1 percentage points vs 06-2026 08-2026: 0.5%▲ +0.2 percentage points vs 07-2026highest value 09-2026: 0.5%● unchanged vs 08-2026highest value 10-2026: 0.5%● unchanged vs 09-2026highest value
Credit of up to €17,000 on 30-day terms is acceptable
Liquidity ample (current ratio 4.14, above the usual 1.5; short-term debt: 24.2% and cash: 0% of total assets), and 26.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 80% on solvency, 34% on liquidity, 17% on profitability and 27% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 4.14, cash €134, halved
NBB · annual accounts
raises risk · Loss of €27,402, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Size: total assets €298,757
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €219,528 (73.5% of total assets)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€27,402
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
9 days early
2024
23 days early
2023
29 days late
2022
25 days early
2021
16 days late
2020
17 days late
2019
2 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average on the deadline day; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

Key points

  • Risk: 5 loss-making years in a rowloss financial year 2025 -€27,402 View

Documents

Annual accounts at the NBB

All 13 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about Koren

What is the company number of Koren?
0844.817.540. In Belgium the VAT number is the company number with BE in front: BE 0844.817.540.
Where is Koren based?
The registered office is at Fruithoflaan 53, 2960 Brecht.Company details
What does Koren do?
According to the KBO register, the main activity is development of residential building projects (NACE 68121).
What is the legal form of Koren?
Public limited company (NV).
When was Koren founded?
On 22-03-2012.
Is Koren still active?
Yes, Koren is an active enterprise in the KBO register.
How many employees does Koren have?
On average 0.7 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
What is the turnover of Koren?
The annual accounts for financial year 2025 state no turnover.
Is Koren profitable?
In financial year 2025, Koren made a loss of €27,402.
Where can I find the annual accounts of Koren?
Koren filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of Koren due?
By 31-07-2027, for financial year 2026.Timeline

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