Korma Solar
ActiveFrom the official registers: KBO 14 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
Korma Solar has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €388,536 and a net result of €107,155. Equity has been growing by about 4% per year since 2018. Its solvency ranks better than 59% of 226 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 11-03-2011 Normal situation
- Activity
- Production of electricity from non-renewable sources NACE 35110
- Establishment unit
- 2.198.656.537 3012 Leuven, since 11-03-2011
- Financial year end
- 31 December
- Peppol
- Reachable since 14-02-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €235,501
- ▲ 42.5%
- Turnover
- ≈ €590,000
- estimated
- Profit
- €107,155
- ▲ 81.6%
- Equity
- €388,536
- ▼ 19.3%
- Total assets
- €631,160
- ▲ 25.8%
- Staff
- ≈ 0 FTE
- estimated
Score breakdownlowers riskLiquidity: current ratio 2.13, cash €485,788Size: total assets €631,160Founded in 2011Equity €388,536 (61.6% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 35, micro). It does better than 65% of them on solvency, 78% on liquidity, 87% on profitability and 28% 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. 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).
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Signals
The company filed its last 7 accounts on average 46 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 22 days before the deadline, and 27% of those companies filed late.
Searched, nothing found (2)
Key points
- Positive: Higher net result than 93% of companies in electricity, gas and steamsector median €5,446 · 226 companies €107,155 View
- Positive: 8 profitable years in a rowprofit 2025: €107,155 8 years View
- Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View
Comparable companies
These companies have the same main activity as Korma Solar: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €378,000 and €768,000, founded between 2009 and 2011.
| Company | Total assets | Gross margin |
|---|---|---|
| Korma Solar Leuven | €631,160 | €235,501 |
| SolarPulse II Turnhout | €595,844 | €254,452 |
| DELTA SOLAR ENERGY Mont-Saint-Guibert | €519,823 | €288,380 |
| BIOFRESH ENERGIES Gavere | €679,824 | €232,616 |
| 4 - ENERGY Schoten | €516,209 | €176,297 |
| Jomi Energy Bekkevoort | €767,975 | €132,011 |
| MY ENERGY COMPANY Zoutleeuw | €377,909 | €309,147 |
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 31-05-2026
- Annual accounts 2024filed on 31-07-2025
- Annual accounts 2023filed on 23-05-2024
- Annual accounts 2022filed on 29-06-2023
Acts in the Belgian Official Gazette
All publications in the Belgian Official GazetteArticles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about Korma Solar
- What is the company number of Korma Solar?
- The company number of Korma Solar is 0834.559.393. The VAT number is the same number with BE in front: BE 0834.559.393.
- Where is Korma Solar based?
- The registered office is at Leopold Decouxlaan 113, 3012 Leuven.Company details
- What does Korma Solar do?
- According to the KBO register, the main activity is production of electricity from non-renewable sources (NACE 35110).
- What is the legal form of Korma Solar?
- The legal form of Korma Solar is Private limited company (BV).
- When was Korma Solar founded?
- Korma Solar was founded on 11-03-2011.
- Is Korma Solar still active?
- Yes, Korma Solar is an active enterprise in the KBO register.
- What is the turnover of Korma Solar?
- The turnover in financial year 2025 is ≈ €590,000. This figure is estimated from the gross margin of €235,501 and 2,213 comparable companies of the same size. It probably lies between €390,000 and €910,000. It is a rough estimate.Financials
- Is Korma Solar profitable?
- In financial year 2025, Korma Solar made a profit of €107,155.
- Where can I find the annual accounts of Korma Solar?
- Korma Solar filed 14 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 Korma Solar due?
- Korma Solar must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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