Financials
- Fiscal year
- 2025
- Total assets
- €2.2m
- Loss
- -€130,877
- Solvency
- 16.1%
Total assets▼ 4.1%
Net result
20182025
KORIM
ActiveSummary
KORIM has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €359,780 and a net result of -€130,877. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 24% of 251 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
What they do
Manufacture of furniture
NACE 31001Manufacture of dining room, living room, bedroom and bathroom furniture NACE 31004NACE 31010
#10 oldest company in Veurne, Manufacturing sector1 site
How big
€2.2mtotal assets 2025
- Staff
- 7.4 FTE
- Equity
- €359,780
- Loss
- -€130,877
Turnover not published (abridged schema)
Who decides
Accounts filed 31 d late0 of 5 deeds read
Why 66- Loss of €130,877 (FY 2025)- Sector Manufacture of furniture (NACE 31)- Latest accounts 31 days late; 1 of the last 3 late+ Size: total assets €2.2mShow the evidence
Checked score
Score 2025
66
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 10% of its sector peers (NACE 31, small)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Weak
Solvency
41-5
equity 16.1% of total assets
Liquidity
5-6
short-term debt 83.9% · cash 1.3%
Profitability
11-29
return on assets -5.9%
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
- Size: total assets €2.2m lowers the probability for this profile
- Loss of €130,877 (FY 2025) raises the probability
- Sector Manufacture of furniture (NACE 31) raises the probability
- Latest accounts 31 days late; 1 of the last 3 late raises the probability
Credit up to €23,000 at 30 days acceptable
Liquidity tight (current ratio 1.18 against 1.24 in 2024; short-term debt: 83.9% and cash: 1.3% of total assets), and 83.9% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 31, small). Better than this share of them on solvency 17%, liquidity 4%, profitability 11%, growth against the median 10%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 251 sector peers (2025).
NBB · sector comparisonPosition among 251 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
16 d early
2023
20 d late
2022
18 d early
2021
19 d early
2020
16 d late
2019
1 d 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 2 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 15 July (4 of the last 5 filed years within 37 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · abbreviated…
- Weakest financial yearnet -€130,877
- Annual accounts filedfiscal year 2024 · micro…
Key points
By topic
Timeline
- Events
- 12
- Since
- 2017
- Next accounts
- by 31-07-2027
- 31-08-2026Annual accounts filed
- 31-12-2025Weakest financial year
- 15-07-2025Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Manufacture of furnitureNACE 31001
- Founded
- 12-08-1988
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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