KORIMA
ActiveSummary
The computed 12-month bankruptcy probability of KORIMA is 6.4% (elevated). The 2020 annual accounts show negative equity (€-2k) and a net result of €-2k. Equity is shrinking by ~112.5% per year across the filed fiscal years. The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2020 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: Five or more filing cycles are missing. This points to a standstill, not an imminent failure.
Axes, FY 2020 · tick = 2019
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
6.4%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2020Age of the figures
Age of the figures
69 mo
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 4 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 27-08-2021, 27 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
27 d late
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2020, micro schema
Equity
€-2k▼ 224%
2019 · €-671
Total assets
€3k▲ 14.3%
2019 · €2k
Net result
€-2k▲ 37.7%
2019 · €-2k
Working capital
€-2k▼ 224%
2019 · €-671
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line201820192020
Operating result€2k-€-2k€-2k▲ 35.9%
Net result€3k-€-2k€-2k▲ 37.7%
Equity€2k-€-671€-2k▼ 224%
Total assets€8k-€2k▼ 72.1%€3k▲ 14.3%
Debt€6k-€3k▼ 53.4%€5k▲ 63.2%
Working capital€2k-€-671€-2k▼ 224%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2020 against €2k in 2019; the loss shrinks.
Key figures and ratios
Debt ≤ 1 year
€5k▲
2019 · €3k
Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Gross operating margin9900 | €2k | €-2k | €-2k | ▲ 35.9% |
| Operating profit (loss)9901 | €2k | €-2k | €-2k | ▲ 35.9% |
| Recurring financial income75 | €823 | - | - | - |
| Recurring financial charges65 | €64 | €69 | - | - |
| Profit (loss) for the period before taxes9903 | €3k | €-2k | €-2k | ▲ 37.7% |
| Profit (loss) for the period9904 | €3k | €-2k | €-2k | ▲ 37.7% |
| Profit (loss) for the period to be appropriated9905 | €3k | €-2k | €-2k | ▲ 37.7% |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €8k | €2k | €3k | ▲ 14.3% |
| Current assets29/58 | €8k | €2k | €3k | ▲ 14.3% |
| Amounts receivable within one year40/41 | - | €2k | €2k | ▲ 16.4% |
| Cash at bank and in hand54/58 | €8k | €286 | €286 | = |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €8k | €2k | €3k | ▲ 14.3% |
| Equity10/15 | €2k | €-671 | €-2k | ▼ 224% |
| Contributions10/11 | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-5k | €-7k | €-8k | ▼ 21.4% |
| Amounts payable17/49 | €6k | €3k | €5k | ▲ 63.2% |
| Amounts payable within one year42/48 | €6k | €3k | €5k | ▲ 63.2% |
| Trade debts44 | - | - | €2k | - |
| Line | 2018 | 2019 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €-2k | €-2k | ▲ 37.7% |
| Operating cash flow (approximation) | €3k | €-2k | €-2k | ▲ 37.7% |
| Change in cash | - | €-8k | €0 | ▲ 100% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
25-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 299 days late
2019
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
2018
04-12
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 126 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
4 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, Tubize · 1 establishment unit since 2017
Ground area
1,688 m²
Building footprint
302 m²
Volume, LiDAR
2,835 m³
2 parcels, Brussels, Wallonia · tallest building 15.9 m, ±4 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
TWIN OAKS
since 20172.258.700.626
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25019B0229/00F022 | Wallonia | 1,529 m² | 1 · 198 m² | 12.2 m · 3 fl. |
| 21013B0439/00P004 | Brussels | 159 m² | 1 · 104 m² | 15.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Identification & contact
Identification
Legal formPrivate limited company
Founded12-10-2016
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.