KORO
ActiveSummary
KORO has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13,785 and a net result of -€1,178. Equity is growing by ~31.7% per year across the filed fiscal years. Its solvency ranks better than 37% of 9559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▼-15
Solvency64▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.72 in 2024; short-term debt: 60.6% of total assets), but 60.6% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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 2025Solvency, return and age of the figures
Solvency
39.4%
Return on assets
-3.4%
Age of the figures
9 mo
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 27-05-2026, 65 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
65 d early
2024
55 d early
2023
71 d early
2022
5 d early
2021
4 d early
2020
25 d early
2019
24 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 36 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% 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 6 June (4 of the last 5 filed years within 50 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, micro schema
Equity
€13,785▼ 7.9%
2024 · €14,962
Total assets
€34,964▼ 4.9%
2024 · €36,784
Net result
-€1,178
2024 · €904
Working capital
€13,785▼ 10.3%
2024 · €15,362
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€31,223-€282-€1,780▼ 532%-€435▲ 75.6%-€2,344▼ 439%
Net result€32,428within the sector's middle half€993below the sector's middle half▼ 96.9%-€488below the sector's middle half€904within the sector's middle half-€1,178below the sector's middle half
Equity€13,554below the sector's middle half€14,547below the sector's middle half▲ 7.3%€14,059below the sector's middle half▼ 3.4%€14,962below the sector's middle half▲ 6.4%€13,785below the sector's middle half▼ 7.9%
Total assets€42,841below the sector's middle half▲ 32.4%€34,154below the sector's middle half▼ 20.3%€35,388below the sector's middle half▲ 3.6%€36,784below the sector's middle half▲ 3.9%€34,964below the sector's middle half▼ 4.9%
Debt€29,287▼ 42.8%€19,607▼ 33.1%€21,329▲ 8.8%€21,821▲ 2.3%€21,179▼ 2.9%
Working capital€13,554within the sector's middle half€14,895within the sector's middle half▲ 9.9%€14,455within the sector's middle half▼ 3.0%€15,362within the sector's middle half▲ 6.3%€13,785within the sector's middle half▼ 10.3%
Solvency31.6%within the sector's middle half▲ 90.0pp42.6%within the sector's middle half▲ 11.0pp39.7%within the sector's middle half▼ 2.9pp40.7%within the sector's middle half▲ 0.9pp39.4%within the sector's middle half▼ 1.3pp
Current ratio1.46within the sector's middle half▲ 0.831.77within the sector's middle half▲ 0.311.69within the sector's middle half▼ 0.081.72within the sector's middle half▲ 0.031.65within the sector's middle half▼ 0.07
Return on assets (ROA)75.7%above the sector's middle half▲ 91.3pp2.9%within the sector's middle half▼ 72.8pp-1.4%below the sector's middle half▼ 4.3pp2.5%within the sector's middle half▲ 3.8pp-3.4%below the sector's middle half▼ 5.8pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
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 €2,344 in 2025 against €435 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €34,964
Equity
€13,785 ▼ 7.9%
Debt
€21,179 ▼ 2.9%
Debt's share of the balance-sheet total rises from 59.3% to 60.6%. Equity and debt are lower.
Key figures and ratios
Debt to equity
1.54▲
2024 · 1.46
ROE
-8.5%▼
2024 · 6.0%
Debt ≤ 1 year
€21,179▼
2024 · €21,422
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,910 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,910 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €503 | €562 | €557 | €569 | €585 | ▲ 2.9% |
| Gross operating margin9900 | €31,726 | €280 | -€1,223 | €134 | -€1,759 | ▼ 1,412% |
| Operating profit (loss)9901 | €31,223 | -€282 | -€1,780 | -€435 | -€2,344 | ▼ 439% |
| Financial income75/76B | €1,761 | €1,986 | €1,618 | €1,969 | €1,787 | ▼ 9.3% |
| Recurring financial income75 | €1,761 | €1,986 | €1,618 | €1,969 | €1,787 | ▼ 9.3% |
| Financial charges65/66B | €463 | €350 | €330 | €476 | €620 | ▲ 30.2% |
| Recurring financial charges65 | €463 | €350 | €330 | €476 | €620 | ▲ 30.2% |
| Profit (loss) for the period before taxes9903 | €32,520 | €1,354 | -€491 | €1,058 | -€1,178 | ▼ 211% |
| Income taxes67/77 | €92 | €361 | -€3 | €154 | - | - |
| Profit (loss) for the period9904 | €32,428 | €993 | -€488 | €904 | -€1,178 | ▼ 230% |
| Profit (loss) for the period to be appropriated9905 | €32,428 | €993 | -€488 | €904 | -€1,178 | ▼ 230% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €42,841 | €34,154 | €35,388 | €36,784 | €34,964 | ▼ 4.9% |
| Current assets29/58 | €42,841 | €34,154 | €35,388 | €36,784 | €34,964 | ▼ 4.9% |
| Amounts receivable within one year40/41 | €41,842 | €33,943 | €35,138 | €36,784 | €34,964 | ▼ 4.9% |
| Trade receivables40 | €12,500 | €4,000 | €3,000 | €3,000 | €1,000 | ▼ 66.7% |
| Other amounts receivable41 | €29,342 | €29,943 | €32,138 | €33,784 | €33,964 | ▲ 0.5% |
| Cash at bank and in hand54/58 | €999 | €211 | €250 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €42,841 | €34,154 | €35,388 | €36,784 | €34,964 | ▼ 4.9% |
| Equity10/15 | €13,554 | €14,547 | €14,059 | €14,962 | €13,785 | ▼ 7.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€5,046 | -€4,053 | -€4,541 | -€3,638 | -€4,815 | ▼ 32.4% |
| Amounts payable17/49 | €29,287 | €19,607 | €21,329 | €21,821 | €21,179 | ▼ 2.9% |
| Amounts payable within one year42/48 | €29,287 | €19,259 | €20,933 | €21,422 | €21,179 | ▼ 1.1% |
| Financial debts43 | - | - | - | €1,783 | €3,133 | ▲ 75.7% |
| Credit institutions430/8 | - | - | - | €1,783 | €3,133 | ▲ 75.7% |
| Trade debts44 | €26,758 | €17,490 | €19,617 | €18,169 | €18,046 | ▼ 0.7% |
| Suppliers440/4 | €26,758 | €17,490 | €19,617 | €18,169 | €18,046 | ▼ 0.7% |
| Taxes, remuneration and social security45 | €92 | €454 | - | €154 | - | - |
| Taxes450/3 | €92 | €454 | - | €154 | - | - |
| Other amounts payable47/48 | €2,436 | €1,316 | €1,316 | €1,316 | - | - |
| Accrued charges and deferred income492/3 | - | €348 | €396 | €399 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,428 | €993 | -€488 | €904 | -€1,178 | ▼ 230% |
| Operating cash flow (approximation) | €32,428 | €993 | -€488 | €904 | -€1,178 | ▼ 230% |
| Change in cash | - | -€788 | €39 | - | - | - |
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
Next filing, fiscal year 2026, expected by
2026
27-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €904
Net result €904 after one loss-making year.
21-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €32,428
Net result €32,428 after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.46
Current ratio from 0.63 to 1.46; short-term debt falls from €51,224 to €29,287.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€5,043
Net result drops to -€5,043, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €3,646
Net result €3,646 after one loss-making year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
07-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Kapellen · 1 establishment unit since 2007
Ground area
780 m²
Building footprint
294 m²
Volume, LiDAR
1,718 m³
Parcel 11362M0495/00N003, Flanders · tallest building 12.4 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
KORO
since 20072.162.028.644
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11362M0495/00N003 | Flanders | 780 m² | 1 · 294 m² | 12.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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CREATUUR, studie- en adviesbureau voor duurzame architectuur
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Of 11,577 companies in sector 71121 we hold annual accounts for 6,570. 3,442 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded15-03-2007
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
64210Activities of holding companies
68310Real estate agency activities
70200Business and other management consultancy
74301Translation services
82100Office administrative and support services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0888281062
Also
9925:BE0888281062
Registered
04-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.