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KORTA

Active
Private limited companyfounded 2024active for 1 yearAartselaarstraat 13, 2660 Antwerpen, BelgiumKBO/BCE: BE 1017.951.553

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 05-06-2026 at the NBB

Turnover
≈ €160,000
Estimated: probably between €85,000 and €290,000
Total assets
€21,649
Net result
€10,422
Working capital
€13,422

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Equity and liabilities €21,649
Equity €13,422
Debt €8,227
Debt's share of the balance-sheet total is 38.0%.
Key figures and ratios
2025 value
Current ratio
2.63
Debt to equity
0.61
ROE
77.6%
ROA
48.1%
Debt ≤ 1 year
€8,227
Income taxes
€2,642

Investments

fixed assets acquired
Item2025
Financial fixed assets€0

Source: notes to the 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as KORTA: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €20,600 and €24,200, founded between 2024 and 2025.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
KORTA Antwerpen2024€21,649€13,422€13,373€10,4222025
Stieva Group Beerse2024€22,731€11,411€12,789€8,4112025
Lukas Renovatie Antwerpen2024€24,192€14,980€12,583€6,9802025
Build & Blend Heist-op-den-Berg2025€20,614€12,355€13,520€9,3552025
PRO HABITAT S&J Binche2024€21,659€14,360€13,526€9,3602025
BOOBA JUMP – MJ RENOV Anderlues2025€21,502€8,998€13,807€6,4982025
VRELLA RENOV Asse2024€20,566€16,112€13,211€5,6702026

They were chosen from the 15,546 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 11,279 companies had the same profile as KORTA has now. Two years later, 0.7% had gone bankrupt and 96.6% were still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% was still going

The bankruptcy probability of KORTA itself is higher: 1.7% within 12 months. It rests on far more data about KORTA than the profile alone.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 11,279 companies, not a prediction for KORTA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 34 lines

Source: Annual accounts 2025 at the NBB, filed on 05-06-2026.

Balance sheet Code2025
Assets
Total assets20/58€21,649
Current assets29/58€21,649
Amounts receivable within one year40/41€17,145
Trade receivables40€16,856
Other amounts receivable41€289
Cash at bank and in hand54/58€4,159
Deferred charges and accrued income490/1€345
Equity and liabilities
Total equity and liabilities10/49€21,649
Equity10/15€13,422
Contributions10/11€3,000
Reserves13€10,422
Distributable reserves133€10,422
Amounts payable17/49€8,227
Amounts payable within one year42/48€8,227
Trade debts44€1,204
Suppliers440/4€1,204
Taxes, remuneration and social security45€4,942
Taxes450/3€2,642
Remuneration and social security454/9€2,300
Other amounts payable47/48€2,081
Income statement Code2025
Other operating charges640/8€173
Gross operating margin9900€13,373
Operating profit (loss)9901€13,200
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€136
Recurring financial charges65€136
Profit (loss) for the period before taxes9903€13,064
Income taxes67/77€2,642
Profit (loss) for the period9904€10,422
Profit (loss) for the period to be appropriated9905€10,422
Appropriation of the result
Profit (loss) to be appropriated9906€10,422
Transfer to equity691/2€10,422
To other reserves6921€10,422

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Other operating charges640/8€173
Gross operating margin9900€13,373
Operating profit (loss)9901€13,200
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€136
Recurring financial charges65€136
Profit (loss) for the period before taxes9903€13,064
Income taxes67/77€2,642
Profit (loss) for the period9904€10,422
Profit (loss) for the period to be appropriated9905€10,422
Line2025
Assets
Total assets20/58€21,649
Current assets29/58€21,649
Amounts receivable within one year40/41€17,145
Trade receivables40€16,856
Other amounts receivable41€289
Cash at bank and in hand54/58€4,159
Deferred charges and accrued income490/1€345
Equity and liabilities
Total equity and liabilities10/49€21,649
Equity10/15€13,422
Contributions10/11€3,000
Reserves13€10,422
Distributable reserves133€10,422
Amounts payable17/49€8,227
Amounts payable within one year42/48€8,227
Trade debts44€1,204
Suppliers440/4€1,204
Taxes, remuneration and social security45€4,942
Taxes450/3€2,642
Remuneration and social security454/9€2,300
Other amounts payable47/48€2,081
Line2025
Profit (loss) for the period9904€10,422
Operating cash flow (approximation)€10,422

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 05-06-2026 2026-00139490 NBB

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