KORPO
ActiveSummary
KORPO has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €77k and a net result of €30k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 19913 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency93▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days only on tighter terms
Liquidity ample (current ratio 2.94 against 2.42 in 2023; short-term debt: 32.1% and cash: 0.7% of total assets), and 32.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €77k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-01-2026, 183 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
183 d late
2023
474 d late
2022
693 d late
2021
858 d late
2020
1223 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€77k▲ 62.5%
2023 · €47k
2020: €-302lowest in 5 years
2021: €7k▲ +2469% vs 2020
2022: €11k▲ +50.9% vs 2021
2023: €47k▲ +338% vs 2022
2024: €77k▲ +62.5% vs 2023highest in 5 years
2020 → 2024
Total assets
€113k▲ 47.5%
2023 · €77k
2020: €14klowest in 5 years
2021: €42k▲ +198% vs 2020
2022: €32k▼ -24.9% vs 2021
2023: €77k▲ +140% vs 2022
2024: €113k▲ +47.5% vs 2023highest in 5 years
2020 → 2024
Net result
€30k▼ 19.0%
2023 · €36k
2020: €-7klowest in 5 years
2021: €7k▲ +215% vs 2020
2022: €4k▼ -51.2% vs 2021
2023: €36k▲ +903% vs 2022highest in 5 years
2024: €30k▼ -19.0% vs 2023
2020 → 2024
Working capital
€70k▲ 68.0%
2023 · €42k
2020: €-11klowest in 5 years
2021: €340▲ +103% vs 2020
2022: €4k▲ +1211% vs 2021
2023: €42k▲ +841% vs 2022
2024: €70k▲ +68.0% vs 2023highest in 5 years
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-302-€7k€11k▲ 50.9%€47k▲ 338%€77k▲ 62.5%
2020: €-302lowest in 5 years
2021: €7k▲ +2469% vs 2020
2022: €11k▲ +50.9% vs 2021
2023: €47k▲ +338% vs 2022
2024: €77k▲ +62.5% vs 2023highest in 5 years
Operating result€-6k-€9k€7k▼ 20.2%€43k▲ 527%€36k▼ 17.8%
2020: €-6klowest in 5 years
2021: €9k▲ +247% vs 2020
2022: €7k▼ -20.2% vs 2021
2023: €43k▲ +527% vs 2022highest in 5 years
2024: €36k▼ -17.8% vs 2023
Net result€-7k-€7k€4k▼ 51.2%€36k▲ 903%€30k▼ 19.0%
2020: €-7klowest in 5 years
2021: €7k▲ +215% vs 2020
2022: €4k▼ -51.2% vs 2021
2023: €36k▲ +903% vs 2022highest in 5 years
2024: €30k▼ -19.0% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 18% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €113k
Fixed assets
€6k ▲ 19.2%
Current assets
€107k ▲ 49.6%
Equity and liabilities €113k
Equity
€77k ▲ 62.5%
Debt
€36k ▲ 23.3%
Debt's share of the balance-sheet total falls from 38.4% to 32.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36k▼
2023 · €44k
Cash flow
€30k▼
2023 · €37k
Current ratio
2.94▲
2023 · 2.42
Debt to equity
0.47▼
2023 · 0.62
ROE
38.5%▼
2023 · 77.2%
ROA
26.1%▼
2023 · 47.5%
Interest coverage
85.82▼
2023 · 236.49
Debt ≤ 1 year
€36k▲
2023 · €29k
Income taxes
€10k▲
2023 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€77k€113k▲
Fixed assets21/28€5k€6k▲
Tangible fixed assets22/27€353€1k▲
Plant, machinery and equipment23-€1k
Furniture and vehicles24€353-
Financial fixed assets28€5k€5k=
Current assets29/58€71k€107k▲
Amounts receivable within one year40/41€69k€87k▲
Trade receivables40-€800
Other amounts receivable41€69k€86k▲
Cash at bank and in hand54/58€2k€817▼
Deferred charges and accrued income490/1-€19k
Equity and liabilities
Total equity and liabilities10/49€77k€113k▲
Equity10/15€47k€77k▲
Contributions10/11€6k€6k=
Profit (loss) carried forward14€41k€71k▲
Amounts payable17/49€29k€36k▲
Amounts payable within one year42/48€29k€36k▲
Financial debts43€789€795▲
Credit institutions430/8€789€795▲
Trade debts44€12k€24k▲
Suppliers440/4€12k€24k▲
Taxes, remuneration and social security45€16k€12k▼
Taxes450/3€14k€12k▼
Remuneration and social security454/9€3k-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€978€814▼
Other operating charges640/8€2k€3k▲
Gross operating margin9900€46k€39k▼
Operating profit (loss)9901€43k€36k▼
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€187€424▲
Recurring financial charges65€187€424▲
Profit (loss) for the period before taxes9903€46k€40k▼
Income taxes67/77€9k€10k▲
Profit (loss) for the period9904€36k€30k▼
Profit (loss) for the period to be appropriated9905€36k€30k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€71k▲
Profit (loss) brought forward from the previous period14P€5k€41k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €5k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €3k | €2k | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €3k | €3k | €978 | €814 | ▼ 16.8% |
| Other operating charges640/8 | €3k | €3k | €1k | €2k | €3k | ▲ 44.0% |
| Gross operating margin9900 | €4k | €17k | €11k | €46k | €39k | ▼ 15.4% |
| Operating profit (loss)9901 | €-6k | €9k | €7k | €43k | €36k | ▼ 17.8% |
| Financial income75/76B | - | €1k | €2k | €2k | €4k | ▲ 77.1% |
| Recurring financial income75 | - | €1k | €2k | €2k | €4k | ▲ 77.1% |
| Financial charges65/66B | €599 | €432 | €2k | €187 | €424 | ▲ 127% |
| Recurring financial charges65 | €599 | €432 | €2k | €187 | €424 | ▲ 127% |
| Profit (loss) for the period before taxes9903 | €-7k | €9k | €7k | €46k | €40k | ▼ 13.2% |
| Income taxes67/77 | - | €2k | €3k | €9k | €10k | ▲ 9.9% |
| Profit (loss) for the period9904 | €-7k | €7k | €4k | €36k | €30k | ▼ 19.0% |
| Profit (loss) for the period to be appropriated9905 | €-7k | €7k | €4k | €36k | €30k | ▼ 19.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14k | €42k | €32k | €77k | €113k | ▲ 47.5% |
| Fixed assets21/28 | €11k | €9k | €6k | €5k | €6k | ▲ 19.2% |
| Tangible fixed assets22/27 | €6k | €4k | €1k | €353 | €1k | ▲ 292% |
| Plant, machinery and equipment23 | - | - | - | - | €1k | - |
| Furniture and vehicles24 | €6k | €4k | €1k | €353 | - | - |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €4k | €33k | €26k | €71k | €107k | ▲ 49.6% |
| Amounts receivable within one year40/41 | €4k | €31k | €24k | €69k | €87k | ▲ 25.9% |
| Trade receivables40 | - | - | €3k | - | €800 | - |
| Other amounts receivable41 | €4k | €31k | €21k | €69k | €86k | ▲ 24.7% |
| Cash at bank and in hand54/58 | - | - | €2k | €2k | €817 | ▼ 62.1% |
| Deferred charges and accrued income490/1 | - | €2k | - | - | €19k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14k | €42k | €32k | €77k | €113k | ▲ 47.5% |
| Equity10/15 | €-302 | €7k | €11k | €47k | €77k | ▲ 62.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Profit (loss) carried forward14 | €-7k | €949 | €5k | €41k | €71k | ▲ 71.9% |
| Amounts payable17/49 | €15k | €35k | €21k | €29k | €36k | ▲ 23.3% |
| Amounts payable within one year42/48 | €15k | €33k | €21k | €29k | €36k | ▲ 23.3% |
| Financial debts43 | €724 | €789 | €789 | €789 | €795 | ▲ 0.7% |
| Credit institutions430/8 | €724 | €789 | €789 | €789 | €795 | ▲ 0.7% |
| Trade debts44 | €14k | €27k | €15k | €12k | €24k | ▲ 92.7% |
| Suppliers440/4 | €14k | €27k | €15k | €12k | €24k | ▲ 92.7% |
| Taxes, remuneration and social security45 | - | €5k | €5k | €16k | €12k | ▼ 28.2% |
| Taxes450/3 | - | €3k | €2k | €14k | €12k | ▼ 14.9% |
| Remuneration and social security454/9 | - | €2k | €2k | €3k | - | - |
| Accrued charges and deferred income492/3 | - | €2k | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-7k | €7k | €4k | €36k | €30k | ▼ 19.0% |
| + Depreciation and write-downs630 | €4k | €3k | €3k | €978 | €814 | ▼ 16.8% |
| Operating cash flow (approximation) | €-2k | €10k | €6k | €37k | €30k | ▼ 18.9% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €0 | €-2k | - |
| Change in cash | - | - | - | €135 | €-1k | ▼ 1,090% |
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
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 183 days late
2025
17-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 474 days late
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 693 days late
2024
05-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 858 days late
05-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 1223 days late
2023
31-12
Financial
Highest result since 2020net €36k ▲903%
Operating result €43k, net result €36k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 2.42
Current ratio from 1.21 to 2.42.
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.01
Current ratio from 0.25 to 1.01.
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, Mol · 1 establishment unit since 2019
Ground area
1,283 m²
Building footprint
652 m²
Volume, LiDAR
7,253 m³
Parcel 13434F0329/00X000, Flanders · tallest building 15.7 m, ±4 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
KORPO
since 20192.288.764.488
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13434F0329/00X000 | Flanders | 1,283 m² | 1 · 652 m² | 15.7 m · 4 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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Of 12,685 companies in sector 86951 we hold annual accounts for 2,142. 1,917 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
Founded05-04-2019
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
Contact
E-mail
kinekorpo@gmail.com
Phone
014321460
Scores and ratios are computed by Checked and are not a credit decision.