Equity
€49,095 from €136,227 in 2013
Equity fell by 64% in 12 years.
KORIKAN
Lifetime
19 annual accounts with figures on one time axispeak €165,979 (2010)
-€6,738▼ €23,745
lowest -€57,845 (2020)
-€27,362▼ €16,956
peak €136,227 (2013)
€49,095▼ 35.8%
€22,702▼ 53.1%
peak 7 FTE (2020)
-not published
Board1 name since 2022
-
Owners
Documentsfilings and deeds
27-06-202634 days before the deadline
2025financial year
Gross margin from €17,007 to -€6,738Loss of €27,362Equity from €76,457 to €49,095Debts from €48,380 to €22,702Cash from €42,362 to €1,239
Key points
from the 2025 annual accountsChecked score
51
Fair
Financially stronger than 36% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.8% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%
01-2025: 0.6%● unchanged vs 12-2024
02-2025: 0.6%● unchanged vs 01-2025
03-2025: 0.6%● unchanged vs 02-2025
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025lowest value
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 0.8%▲ +0.2 percentage points vs 07-2025
09-2025: 0.9%▲ +0.1 percentage points vs 08-2025
10-2025: 1.3%▲ +0.4 percentage points vs 09-2025
11-2025: 1.4%▲ +0.1 percentage points vs 10-2025
12-2025: 1.7%▲ +0.3 percentage points vs 11-2025
01-2026: 1.7%● unchanged vs 12-2025
02-2026: 1.7%● unchanged vs 01-2026
03-2026: 1.7%● unchanged vs 02-2026
04-2026: 1.7%● unchanged vs 03-2026
05-2026: 1.5%▼ -0.2 percentage points vs 04-2026
06-2026: 1.5%● unchanged vs 05-2026
07-2026: 1.1%▼ -0.4 percentage points vs 06-2026
08-2026: 1.2%▲ +0.1 percentage points vs 07-2026
09-2026: 1.2%● unchanged vs 08-2026
10-2026: 2.8%▲ +1.6 percentage points vs 09-2026highest value
11-2026: 2.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
2 of the last 3 accounts late
Sector: Food and beverage service activities (NACE 56)
Loss of €27,362, the second in a row (financial year 2025)
lowers risk
Founded in 2005
Calculation
The band follows from the bankruptcy probability. 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 56, micro). It does better than 83% of them on solvency, 33% on liquidity, 8% on profitability and 18% on growth.
The bankruptcy probability was computed on 06-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as KORIKAN has now. Each dot stands for 15 companies, two years later.
84.6%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KORIKAN itself is higher: 2.8% within 12 months. It rests on far more data about KORIKAN than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,831 companies, not a prediction for KORIKAN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.05 (2.09 in 2024), above the usual 1.5. Short-term debt is 31.6% and cash 1.7% of total assets. 31.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€27,362
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 27-06-2026, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 days early
2024
121 days late
2023
60 days late
2022
8 days early
2021
2 days early
2020
27 days late
2019
89 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 36 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% 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 29 July (4 of the last 5 accounts filed within 63 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- TRAITEUR BACKXscore 68equity €79,287 (2025) · annual accounts 2021
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0874677506
Resignation: Emma De Moerloose (director)
Director discharge: Emma De Moerloose · General meeting of 30-09-2021 · Gazette deed
First establishment
SAKS&BOOM, Meilegemstraat 10, Zwalm
Incorporation
published on 04-07-2005 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KORIKAN Zwalm | €71,797 | -€6,738 | 68.4% | - |
| SERTOCOM Ypres | €62,769 | -€3,763 | 55.3% | - |
| DIVINE PROJECT Nivelles | €65,268 | -€2,683 | -149.6% | - |
| NEW MARKET BELGIUM Brussels | €89,852 | -€15,579 | 78.3% | - |
| CENTRE CULTURE ET NATURE DE SCAILMONT Manage | €100,729 | -€27,809 | -94.4% | - |
| PRORECA INTERNATIONAL Anderlecht | €77,009 | €602 | -86.1% | - |
| DIRUDI Genk | €34,144 | -€4,167 | 72.4% | - |
These companies have the same main activity as KORIKAN: contract catering and other food service activities (NACE 56220). They are comparable in size and age: total assets between €34,100 and €101,000, founded between 2000 and 2012.
Official details
Source: KBO- Status
- Active since 15-06-2005Normal situation
- Activity
- Contract catering and other food service activitiesNACE 56220and 5 others
- Establishment unit
- 2.184.730.3079630 Zwalm, since 20-03-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 05-05-2025
Annual accounts 2025
- €71,797▼ 42.5%
- ≈ 0 FTEestimated
- Filing
- Filed on 27-06-2026, 34 days before the end of the filing period
Insights on KORIKAN
KORIKAN has existed since 2005. In 2007 the gross margin rose from €31,220 to €136,077.
The gross margin has fallen every year since 2022. Solvency rose in 2025 from 61.2% to 68.4% because of lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KORIKAN
- What is the company number of KORIKAN?
- The company number of KORIKAN is 0874.677.506. The VAT number is the same number with BE in front: BE 0874.677.506.
- Where is KORIKAN based?
- The registered office is at Meilegemstraat 10, 9630 Zwalm.Company details
- What does KORIKAN do?
- According to the KBO register, the main activity is contract catering and other food service activities (NACE 56220).
- What is the legal form of KORIKAN?
- Legal form of KORIKAN: Coöperatieve vennootschap met beperkte aansprakelijkheid.
- When was KORIKAN founded?
- KORIKAN was founded on 15-06-2005.
- Is KORIKAN still active?
- Yes, KORIKAN is an active enterprise in the KBO register.
- How many employees does KORIKAN have?
- KORIKAN had an average of 7 full-time equivalents in financial year 2020, according to the filed annual accounts.Financials
- What is the turnover of KORIKAN?
- The annual accounts for financial year 2025 state no turnover.
- Is KORIKAN profitable?
- In financial year 2025, KORIKAN made a loss of €27,362.
- Where can I find the annual accounts of KORIKAN?
- KORIKAN filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KORIKAN due?
- KORIKAN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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