KORHO
KORHO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €885k and a net result of €-115k. Its solvency ranks better than 28% of 1407 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €885k |
| Net result | €-115k |
| Better than sector | 28% |
| Active | 2 yrs |
This figure rests on 3 of 5 axes. Too few to say where this company is strong or weak.
Computed on 3 of 5 axes. Not measured: health, growth. An unmeasured axis is not a zero: no data was read for it.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 17.6% | 37.4% | |
| Net result | €-115k | €46k | |
| Equity | €885k | €362k | |
| Gross operating margin | €50k | €65k | |
| Total assets | €5.03M | €1.41M |
| Fiscal year | 2024 |
|---|---|
| Deposit | verkort |
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €-115k |
| Cash flow | n/a |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €5.03M |
| Equity | €885k |
| Debt | €4.14M |
| of which ≤ 1y | €902k |
| of which > 1y | €3.24M |
| Working capital | n/a |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | 17.6% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | -2.3% |
| ROE | -13.0% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €5.03M |
| Fixed assets | 21/28 | €5.00M |
| Financial fixed assets | 28 | €5.00M |
| Current assets | 29/58 | €28k |
| Cash & bank | 54/58 | €28k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €5.03M |
| Equity | 10/15 | €885k |
| Contributions / capital | 10/11 | €1.00M |
| Accumulated profits (losses) | 14 | €-115k |
| Amounts payable | 17/49 | €4.14M |
| Amounts payable after one year | 17 | €3.24M |
| Amounts payable within one year | 42/48 | €902k |
| Trade debts payable within one year | 44 | €197 |
| Income statement | ||
| Turnover | 70 | €50k |
| Gross operating margin | 9900 | €50k |
| Operating result | 9901 | €44k |
| Financial charges | 65 | €159k |
| Result before taxes | 9903 | €-115k |
| Net result for the period | 9904 | €-115k |
| Result to be appropriated | 9905 | €-115k |
Former directors (1)
-
Hans LutsDirectorState Gazette act 24086607 (07-06-2024)Former- → 23-04-2024
| NACE primary | Activiteiten van holdings(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 16-10-2023 |
| Status | Active |
| Postal code | 8500 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0773/00A000 | Flanders | 9,552 m² | 1 · 4,212 m² | 2.0 m |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
07-06-2024 Mandate of Hans Luts as director expired
- Hans Luts, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Hans Luts",
"address": "9810 Nazareth in de Plezierstraat 27",
"birth_date": null,
"profession": null,
"birth_place": null
},
"reason": "end_of_term",
"subkind": null,
"via_org": null,
"statutory": null,
"compensated": null,
"effective_date": "2024-04-23",
"evidence_quote": "De vergadering neemt kennis van en aanvaardt het ontslag als bestuurder van : de Heer Hans Luts wonende te 9810 Nazareth in de Plezierstraat 27 en dit met ingang vanaf 23/04/2024 en dankt hem bij deze voor de bewezen diensten voor het bedrijf.",
"decharge_status": "pending_next_agm",
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Kortrijk",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-06-07",
"filing_date": "2024-05-02",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "bijzondere_algemene_vergadering",
"date": "2024-05-02",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "1001.230.931",
"name_full": "KORHO",
"legal_form": "BV"
},
"publication_proxy": {
"kind": "org",
"org_kbo": "0822.321.062",
"org_name": "BV Luminad",
"person_name": null,
"org_rep_person_name": "Holvoet Sabine",
"person_role_at_subject": null
},
"co_filed_documents": [
"Bijlagen bij het Belgisch Staatsblad - 07/06/2024 - Annexes du Moniteur belge"
],
"corrected_publication_numac": null
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | KORHO |