KOROGROUP
ActiveThe computed 12-month bankruptcy probability of KOROGROUP is 3.5% (moderate). The 2025 annual accounts show equity of €15k and a net result of €-9k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 56% of 27386 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency87▲+1
Growth52▼-26
Stability94
Bankruptcy probability, 12 months
3.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.56 against 1.57 in 2024), and 47.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
52.6%
Return on assets
-31.6%
Age of the figures
8 mo
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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
60 d late
2023
30 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€15k▼ 37.5%
2024 · €24k
2023: €12k
2024: €24k
2023 → 2025
Total assets
€29k▼ 38.4%
2024 · €47k
2023: €29k
2024: €47k
2023 → 2025
Net result
€-9k
2024 · €13k
2023: €7k
2024: €13k
2023 → 2025
Working capital
€8k▼ 40.2%
2024 · €13k
2023: €8k
2024: €13k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€12k-€24k▲ 108%€15k▼ 37.5%
Operating result€8k-€16k▲ 93.4%€-9k
Net result€7k-€13k▲ 89.1%€-9k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €9k after €16k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €29k
Fixed assets
€8k▼ 34.4%
Current assets
€21k▼ 39.7%
Equity and liabilities €29k
Equity
€15k▼ 37.5%
Debt
€14k▼ 39.3%
The debt ratio falls from 48.1% to 47.4%: debt falls faster than equity shrinks.
Key figures and ratios
EBITDA
€-5k▼
2024 · €18k
Cash flow
€-5k▼
2024 · €14k
Solvency
52.6%▲
2024 · 51.9%
Current ratio
1.56▼
2024 · 1.57
Quick ratio
1.56▼
2024 · 1.57
Debt / equity
0.90▼
2024 · 0.93
ROE
-60.0%▼
2024 · 52.0%
ROA
-31.6%▼
2024 · 27.0%
Interest coverage
-15.68▼
2024 · 179.21
Debt
€14k▼
2024 · €23k
Debt ≤ 1 year
€14k▼
2024 · €23k
Income taxes
€0▼
2024 · €4k
Staff costs
€786
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€47k€29k▼
Formation expenses20€0-
Fixed assets21/28€11k€8k▼
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€10k€6k▼
Furniture and vehicles24€10k€6k▼
Current assets29/58€36k€21k▼
Amounts receivable within one year40/41€22k€3k▼
Trade receivables40€22k€3k▼
Cash at bank and in hand54/58€14k€18k▲
Equity and liabilities
Total equity and liabilities10/49€47k€29k▼
Equity10/15€24k€15k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€19k€10k▼
Amounts payable17/49€23k€14k▼
Amounts payable within one year42/48€23k€14k▼
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€14k€8k▼
Taxes450/3€14k€6k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48€6k€3k▼
Income statement
Code20242025
Remuneration, social security and pensions62-€786
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€4k▲
Other operating charges640/8€45€182▲
Gross operating margin9900€18k€-4k▼
Operating profit (loss)9901€16k€-9k▼
Financial income75/76B€5€0▼
Recurring financial income75€5€0▼
Financial charges65/66B€102€289▲
Recurring financial charges65€102€289▲
Profit (loss) for the period before taxes9903€16k€-9k▼
Income taxes67/77€4k€0▼
Profit (loss) for the period9904€13k€-9k▼
Profit (loss) for the period to be appropriated9905€13k€-9k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€10k▼
Profit (loss) brought forward from the previous period14P€7k€19k▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-9k ▼172%
Net result drops to €-9k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
31-12
Financial
Highest result since 2023net €13k ▲89.1%
Operating result €16k, net result €13k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Waremme · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue d'Oleye 24300 WaremmeGround area
615 m²
Building footprint
96 m²
Volume, LiDAR
817 m³
Parcel 64074A0455/00Y004, Wallonia · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
KOROGROUP
since 20232.343.990.845
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64074A0455/00Y004 | Wallonia | 615 m² | 1 · 96 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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Of 19,947 companies in sector 43320 we hold annual accounts for 9,084. 5,541 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-02-2023
Fiscal year end31-12
Activities, NACEBEL
43320Joinery installation
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43299Specialised construction activities
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.