Koren
ActiveKoren has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €220k and a net result of €-27k. Equity is shrinking by ~17.4% per year across the filed fiscal years. Its solvency ranks better than 76% of 4504 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 4.14), and 26.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€27k
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 filingsDeviation from the deadline
2025
9 d early
2024
23 d early
2023
29 d late
2022
25 d early
2021
16 d late
2020
17 d late
2019
2 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
15-09-2026 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
€-27k▲ 12.7%
2024 · €-31k
2018: €54k
2019: €206k
2020: €16k
2021: €-384k
2022: €-121k
2023: €-40k
2024: €-31k
2018 → 2025
Working capital
€227k▼ 13.0%
2024 · €260k
2018: €515k
2019: €595k
2020: €652k
2021: €280k
2022: €348k
2023: €298k
2024: €260k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€439k-€318k▼ 27.5%€278k▼ 12.5%€247k▼ 11.3%€220k▼ 11.1%
Operating result€-339k-€-111k▲ 67.2%€-40k▲ 64.3%€-31k▲ 21.0%€-27k▲ 13.0%
Net result€-384k-€-121k▲ 68.5%€-40k▲ 67.0%€-31k▲ 21.4%€-27k▲ 12.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €27k in 2025 against €31k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €299k
Equity
€220k▼ 11.1%
Debt
€79k▲ 476%
The debt ratio rises from 5.3% to 26.5%: debt grows while equity shrinks.
Key figures and ratios
Solvency
73.5%▼
2024 · 94.7%
Current ratio
4.14
Quick ratio
1.56
Debt / equity
0.36▲
2024 · 0.06
ROE
-12.5%▲
2024 · -12.7%
ROA
-9.2%▲
2024 · -12.0%
Debt
€79k▲
2024 · €14k
Debt ≤ 1 year
€72k▲
2024 · €262
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€261k€299k▲
Current assets29/58€261k€299k▲
Stocks and contracts in progress3€129k€186k▲
Stocks30/36€129k€186k▲
Amounts receivable within one year40/41€114k€112k▼
Trade receivables40€111k€103k▼
Other amounts receivable41€3k€9k▲
Cash at bank and in hand54/58€18k€134▼
Equity and liabilities
Total equity and liabilities10/49€261k€299k▲
Equity10/15€247k€220k▼
Contributions10/11€763k€763k=
Capital10€763k€763k=
Issued capital100€763k€763k=
Reserves13€22k€22k=
Non-distributable reserves130/1€22k€22k=
Legal reserve130€22k€22k=
Profit (loss) carried forward14€-538k€-565k▼
Amounts payable17/49€14k€79k▲
Amounts payable within one year42/48€262€72k▲
Trade debts44-€5k
Suppliers440/4-€5k
Other amounts payable47/48€262€68k▲
Accrued charges and deferred income492/3€14k€7k▼
Income statement
Code20242025
Other operating charges640/8€1k€703▼
Non-recurring operating charges66A-€1
Gross operating margin9900€-30k€-27k▲
Operating profit (loss)9901€-31k€-27k▲
Financial charges65/66B€69€143▲
Recurring financial charges65€69€143▲
Profit (loss) for the period before taxes9903€-31k€-27k▲
Profit (loss) for the period9904€-31k€-27k▲
Profit (loss) for the period to be appropriated9905€-31k€-27k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-538k€-565k▼
Profit (loss) brought forward from the previous period14P€-507k€-538k▼
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Liquidity quadruplescurrent ratio 995.01
Current ratio from 271.22 to 995.01; short-term debt falls from €1k to €262.
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Liquidity times 161current ratio 271.22
Current ratio from 1.69 to 271.22; short-term debt falls from €507k to €1k.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 16 days late
2021
31-12
Financial
Weakest financial yearnet €-384k ▼2574%
Net result drops to €-384k, the lowest in the series; recovery starts the following year.
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 17 days late
2020
29-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Highest result since 2018net €206k ▲281%
Operating result €431k, net result €206k, both a record.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brecht · 1 establishment unit since 2012
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.
Fruithoflaan 532960 BrechtGround area
1,017 m²
Building footprint
221 m²
Volume, LiDAR
1,687 m³
Parcel 11043D0048/00F000, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Koren
since 20122.208.704.747
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11043D0048/00F000 | Flanders | 1,017 m² | 1 · 221 m² | 11.5 m · 3 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.
Similar companies · same sector, comparable size
M.G.I.
BE 0721.425.325
Bièvre · Eq €220k
JACQUES LEROY
BE 0870.794.833
Elsene · Eq €220k
LOISELET CONSTRUCTIONS
BE 0885.466.379
Chièvres · Eq €219k
DKN-Projects
BE 0838.322.993
Brugge · Eq €219k
KUPA INVEST
BE 0727.616.301
Brecht · Eq €220k
Of 9,633 companies in sector 68121 we hold annual accounts for 7,328. 5,267 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-03-2012
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:raf.verlinden@telenet.be
Phone:033445070