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Korreli Industries

Active
Private limited companyfounded 2014active for 12 yearsSteenweg op Zevendonk 181, 2300 Turnhout, BelgiumKBO/BCE: BE 0547.819.673
Summary

The computed 12-month bankruptcy probability of Korreli Industries is 5.5% (elevated). The 2024 annual accounts show negative equity (-€167,488) and a net result of €30,998. Equity has been stable since 2018 (±0.3% per year). Its solvency ranks better than 5% of 35,969 sector peers (NACE 43, financial year 2024). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 05-03-2014 Normal situation
Activity
Other specialised construction activities NACE 43990and 1 other
Joint committee
124 Paritair Comité voor het bouwbedrijf · annual accounts 2024
Establishment unit
2.229.305.567 2300 Turnhout, since 05-03-2014
Financial year end
31 December
Peppol
Reachable since 18-12-2025

Board and ownership

Board
  • ElmarDirector

Financial position

35 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
5.5%
Annual accounts 2024
Gross margin
€44,737
▲ 219%
Turnover
≈ €390,000
estimated
Profit
€30,998
▲ 53×
Equity
-€167,488
▲ 15.6%
Total assets
€363,318
▲ 5.1%
Staff
≈ 0 FTE
estimated
  • Negative equity on 31-12-2024
  • 2025 accounts not filed, 95 days past the deadline
Score breakdownraises riskLiquidity: current ratio 1.60, cash €255, halved1 financial year not filed after the legal deadline; last filed accounts filed 92 days late; 3 of the last 3 accounts lateFigures for financial year 2024 (filed on 31-10-2025)lowers riskSize: total assets €363,318Show the evidence

Checked score

Score 2024
35 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially stronger than 26% of micro companies in specialised construction (NACE 43)
Financial strength · tick: 2023
Weak
Solvency 0=
equity -46.1% of total assets
Liquidity 18+2
short-term debt 61.3% · cash 0.1%
Profitability 59+21
return on assets 8.5%
Bankruptcy probability within 12 months
5.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 5 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,675 companies, NACE 43, micro)
Last 24 months 12-2024: 2.7% 01-2025: 2.6%▼ -0.1 percentage points vs 12-2024 02-2025: 2.8%▲ +0.2 percentage points vs 01-2025 03-2025: 2.7%▼ -0.1 percentage points vs 02-2025 04-2025: 2.7%● unchanged vs 03-2025 05-2025: 2.7%● unchanged vs 04-2025 06-2025: 2.5%▼ -0.2 percentage points vs 05-2025 07-2025: 2.5%● unchanged vs 06-2025lowest value 08-2025: 2.9%▲ +0.4 percentage points vs 07-2025 09-2025: 3.2%▲ +0.3 percentage points vs 08-2025 10-2025: 4.0%▲ +0.8 percentage points vs 09-2025 11-2025: 4.5%▲ +0.5 percentage points vs 10-2025 12-2025: 4.2%▼ -0.3 percentage points vs 11-2025 01-2026: 4.2%● unchanged vs 12-2025 02-2026: 4.2%● unchanged vs 01-2026 03-2026: 4.2%● unchanged vs 02-2026 04-2026: 4.1%▼ -0.1 percentage points vs 03-2026 05-2026: 4.0%▼ -0.1 percentage points vs 04-2026 06-2026: 3.9%▼ -0.1 percentage points vs 05-2026 07-2026: 3.6%▼ -0.3 percentage points vs 06-2026 08-2026: 4.1%▲ +0.5 percentage points vs 07-2026 09-2026: 4.5%▲ +0.4 percentage points vs 08-2026 10-2026: 5.5%▲ +1.0 percentage point vs 09-2026highest value 11-2026: 5.5%● unchanged vs 10-2026highest value
No credit on open account
Liquidity is ample, with a current ratio of 1.6 (1.45 in 2023), above the usual 1.5. Short-term debt is 61.3% and cash 0.1% of total assets. However, equity is negative.
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 43, micro). It does better than 3% of them on solvency, 10% on liquidity, 28% on profitability and 63% on growth.

The bankruptcy probability was computed on 02-11-2026 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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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Seven signals.
lowers riskraises risk
raises risk · Liquidity: current ratio 1.60, cash €255, halved
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; last filed accounts filed 92 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Figures for financial year 2024 (filed on 31-10-2025)
NBB · annual accounts
lowers risk · Size: total assets €363,318
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 35969 sector peers (2024).
NBB · sector comparison
Position among 35969 sector peers
Solvency
better than 5%
← weakest strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 95 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline03-11-2026 today
raises risk · 2024 accounts filed 92 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
92 days late
2023
90 days late
2022
102 days late
2021
78 days late
2020
164 days late
2019
91 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 103 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2024 -€167,488 View
  • Caution: Lower solvency than 95% of companies in specialised constructionsector median 46.6% · 35,969 companies -46.1% View

Recent changes

  1. · Gazette deed Resignation: Diels,Koenraad Maria Laurentius (director)
  2. · Gazette deed Incorporation
All 16 events

Comparable companies

These companies have the same main activity as Korreli Industries: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €322,000 and €401,000, founded between 2013 and 2015.

CompanyTotal assetsGross margin
Korreli Industries Turnhout€363,318€44,737
Taracha Zbigniew Schoten€396,752€47,845
DE CONINCK BOUW- EN AFWERKINGSBEDRIJF Antwerpen€401,111€49,336
SIBENCO Ganshoren€362,392€38,976
VS BÂTI TEAM Overijse€390,592€38,022
DC INFRAROOD Oostkamp€339,010€37,889
Dries Van Riel Leuven€322,118€52,467
Full comparison

Key facts about Korreli Industries

What is the company number of Korreli Industries?
The company number of Korreli Industries is 0547.819.673. The VAT number is the same number with BE in front: BE 0547.819.673.
Where is Korreli Industries based?
The registered office is at Steenweg op Zevendonk 181, 2300 Turnhout.Company details
What does Korreli Industries do?
According to the KBO register, the main activity is other specialised construction activities (NACE 43990).
What is the legal form of Korreli Industries?
The legal form of Korreli Industries is Private limited company (BV).
When was Korreli Industries founded?
Korreli Industries was founded on 05-03-2014.
Is Korreli Industries still active?
Yes, Korreli Industries is an active enterprise in the KBO register.
Which joint committee does Korreli Industries fall under?
In its 2024 annual accounts, Korreli Industries states joint committee 124 (Paritair Comité voor het bouwbedrijf).
What is the turnover of Korreli Industries?
The turnover in financial year 2024 is ≈ €390,000. This figure is estimated from the gross margin of €44,737 and 93 comparable companies (NACE 43990). It probably lies between €260,000 and €690,000.Financials
Is Korreli Industries profitable?
In financial year 2024, Korreli Industries made a profit of €30,998.
Where can I find the annual accounts of Korreli Industries?
Korreli Industries filed 11 annual accounts with the National Bank of Belgium, the latest for financial year 2024.

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