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Korkmaz
ActiveFrom the official registers: KBO 5 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
The computed 12-month bankruptcy probability of Korkmaz is 4.6% (elevated). The 2025 annual accounts show equity of €5,361 and a net result of €46,612. Equity is growing by about 33% per year across the filed financial years. Its solvency ranks better than 17% of 5,868 sector peers (NACE 49, financial year 2025). The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
KBO- Status
- Active since 05-08-2020 Normal situation
- Legal form
- Private limited company
- Registered office
- Uitbreidingstraat 84, 2600 Antwerpen
- Activity
- Freight transport by road NACE 49410
- Establishment unit
- 2.305.662.680 2640 Mortsel, since 05-08-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 18-12-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 4.6%
Annual accounts 2025
- Gross margin
- €261,086
- ▲ 26.9%
- Turnover
- ≈ €590,000
- estimated
- Profit
- €46,612
- ▲ 745%
- Equity
- €5,361
- Total assets
- €189,420
- ▲ 75.1%
- Staff
- ≈ 3.4 FTE
- estimated
2025 accounts 126 days early
Filed on 27-03-2026PDF
Why 39raises riskSector: Land transport and transport via pipelines (NACE 49)Liquidity: current ratio 0.81, cash €176, halvedFounded in 20201 change of registered office in 24 monthsShow the evidence
Checked score
Score 2025
39
/ 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 49% of its sector peers (NACE 49, micro)
Financial strength · tick = 2024
Average
Solvency
28+28
equity 2.8% of total assets
Liquidity
0-2
short-term debt 96.9% · cash 0.1%
Profitability
100+25
return on assets 24.6%
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 6.0%
12-2024: 6.0%● unchanged vs 11-2024
01-2025: 5.9%▼ -0.1 percentage points vs 12-2024
02-2025: 5.9%● unchanged vs 01-2025
03-2025: 5.8%▼ -0.1 percentage points vs 02-2025
04-2025: 6.4%▲ +0.6 percentage points vs 03-2025
05-2025: 4.8%▼ -1.6 percentage points vs 04-2025
06-2025: 10.4%▲ +5.6 percentage points vs 05-2025
07-2025: 10.1%▼ -0.3 percentage points vs 06-2025
08-2025: 9.8%▼ -0.3 percentage points vs 07-2025
09-2025: 9.8%● unchanged vs 08-2025
10-2025: 9.6%▼ -0.2 percentage points vs 09-2025
11-2025: 9.5%▼ -0.1 percentage points vs 10-2025
12-2025: 9.5%● unchanged vs 11-2025
01-2026: 9.4%▼ -0.1 percentage points vs 12-2025
02-2026: 9.3%▼ -0.1 percentage points vs 01-2026
03-2026: 9.3%● unchanged vs 02-2026
04-2026: 11.6%▲ +2.3 percentage points vs 03-2026highest value
05-2026: 11.5%▼ -0.1 percentage points vs 04-2026
06-2026: 11.5%● unchanged vs 05-2026
07-2026: 11.3%▼ -0.2 percentage points vs 06-2026
08-2026: 5.6%▼ -5.7 percentage points vs 07-2026
09-2026: 5.6%● unchanged vs 08-2026
10-2026: 4.6%▼ -1.0 percentage point vs 09-2026lowest value
No publishable credit limit; credit only on tighter terms
Liquidity insufficient (current ratio 0.81, compared with 0.42 in 2024, below 1; short-term debt: 96.9% and cash: 0.1% of total assets), and 97.2% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 49, micro): better than 16% on solvency, 2% on liquidity, 87% on profitability and 90% on growth.
The bankruptcy probability was computed on 31-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Six signals.
raises riskneutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 5868 sector peers (2025).
NBB · sector comparisonPosition among 5868 sector peers
Solvency
better than 17%
← weakest
strongest →
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 27-03-2026, 126 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
126 days early
2024
93 days early
2023
40 days early
2022
12 days early
2021
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 58 days before the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% 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 22 June (4 of the last 5 filed years within 54 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 27-03-2026
- Annual accounts 2024filed on 29-04-2025
- Annual accounts 2023filed on 21-06-2024
- Annual accounts 2022filed on 19-07-2023
Acts in the Belgian Official Gazette
- Registered officeact of 02-05-2025
- Capital & shares · Resignations & appointmentsact of 06-12-2024
- Registered officeact of 30-07-2024
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about Korkmaz
- What is the company number of Korkmaz?
- 0751.826.214. In Belgium the VAT number is the company number with BE in front: BE 0751.826.214.
- Where is Korkmaz based?
- The registered office is at Uitbreidingstraat 84, 2600 Antwerpen.Company details
- What does Korkmaz do?
- According to the KBO register, the main activity is freight transport by road (NACE 49410).
- What is the legal form of Korkmaz?
- Private limited company (BV).
- When was Korkmaz founded?
- On 05-08-2020.
- Is Korkmaz still active?
- Yes, Korkmaz is an active enterprise in the KBO register.
- What is the turnover of Korkmaz?
- ≈ €590,000 in financial year 2025. Estimated from the gross margin of €261,086: probably between €500,000 and €730,000, based on 49 comparable companies, NACE 49410.Financials
- Is Korkmaz profitable?
- In financial year 2025, Korkmaz made a profit of €46,612.
- Where can I find the annual accounts of Korkmaz?
- Korkmaz filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
- When are the next annual accounts of Korkmaz due?
- By 31-07-2027, for financial year 2026.Timeline
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