Kortek Groep

Active

Private limited companyfounded 20215 yrs activeNijverheidsstraat 29, 3580 Beringen, BelgiumKBO/BCE: BE 0769.505.849

The computed 12-month bankruptcy probability of Kortek Groep is 2.0% (moderate). The 2025 annual accounts show equity of €230k and a net result of €58k. Equity is growing by ~52.7% per year across the filed fiscal years. Its solvency ranks better than 21% of 27787 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Watch Print / PDF

Checked score

Score 2025

46 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability69▼-16

Solvency44▼-7

Growth78=

Track record94

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €10k at 30 days acceptable

Liquidity short (current ratio 0.91 against 1.15 in 2024; short-term debt: 59.7% and cash: 0.6% of total assets), and 80.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

19.1%

Return on assets

4.8%

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 27787 sector peers (2025).

NBB · sector comparison

Position among 27787 sector peers

Solvency

better than 21%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-07-2026, 3 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

3 d early

2024

9 d early

2023

43 d early

2022

45 d early

← before the deadline after the deadline →

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 months

Position in the running window

23-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€230k▲ 33.5%

2024 · €172k

2022: €35k 2023: €82k 2024: €172k

2022 → 2025

Total assets

€1.20M▲ 78.4%

2024 · €675k

2022: €165k 2023: €292k 2024: €675k

2022 → 2025

Net result

€58k▼ 36.0%

2024 · €90k

2022: €34k 2023: €48k 2024: €90k

2022 → 2025

Working capital

€-64k

2024 · €71k

2022: €14k 2023: €10k 2024: €71k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€35k-€82k▲ 138%€172k▲ 110%€230k▲ 33.5%

Operating result€44k-€63k▲ 41.7%€135k▲ 115%€106k▼ 21.4%

Net result€34k-€48k▲ 38.7%€90k▲ 89.6%€58k▼ 36.0%

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 2025; 2025 is 21% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.20M

45.6%

54.4%

Fixed assets €549k▲ 347%

Current assets €655k▲ 18.6%

Equity and liabilities €1.20M

19.1%

80.9%

Equity €230k▲ 33.5%

Debt €974k▲ 93.7%

The debt ratio rises from 74.5% to 80.9%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€133k▼

2024 · €163k

Cash flow

€85k▼

2024 · €118k

Solvency

19.1%▼

2024 · 25.5%

Current ratio

0.91▼

2024 · 1.15

Quick ratio

0.43▼

2024 · 1.15

Debt / equity

4.23▲

2024 · 2.92

ROE

25.1%▼

2024 · 52.4%

ROA

4.8%▼

2024 · 13.4%

Interest coverage

5.33▼

2024 · 18.29

Debt

€974k▲

2024 · €503k

Debt ≤ 1 year

€719k▲

2024 · €481k

Debt > 1 year

€255k▲

2024 · €21k

Income taxes

€24k▼

2024 · €36k

Staff costs

€569k▲

2024 · €306k

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€675k€1.20M▲

Fixed assets21/28€123k€549k▲

Tangible fixed assets22/27€122k€549k▲

Land and buildings22€51k€476k▲

Plant, machinery and equipment23€27k€19k▼

Furniture and vehicles24€45k€53k▲

Financial fixed assets28€368€368=

Current assets29/58€553k€655k▲

Amounts receivable after more than one year29€11k€11k=

Trade receivables290€11k€11k=

Stocks and contracts in progress3-€346k

Contracts in progress37-€346k

Amounts receivable within one year40/41€512k€292k▼

Trade receivables40€493k€232k▼

Other amounts receivable41€18k€60k▲

Cash at bank and in hand54/58€29k€7k▼

Deferred charges and accrued income490/1€152-

Equity and liabilities

Total equity and liabilities10/49€675k€1.20M▲

Equity10/15€172k€230k▲

Contributions10/11€200€200=

Reserves13€172k€230k▲

Distributable reserves133€172k€230k▲

Amounts payable17/49€503k€974k▲

Amounts payable after more than one year17€21k€255k▲

Financial debts170/4€21k€255k▲

Amounts payable within one year42/48€481k€719k▲

Current portion of amounts payable after more than one year42€11k€26k▲

Trade debts44€359k€322k▼

Suppliers440/4€359k€322k▼

Advances received on contracts in progress46-€129k

Taxes, remuneration and social security45€94k€108k▲

Taxes450/3€49k€61k▲

Remuneration and social security454/9€45k€47k▲

Other amounts payable47/48€18k€134k▲

Income statement Code20242025

Non-recurring operating income76A€659-

Remuneration, social security and pensions62€306k€569k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€27k▼

Other operating charges640/8€3k€4k▲

Non-recurring operating charges66A-€667

Gross operating margin9900€472k€708k▲

Operating profit (loss)9901€135k€106k▼

Financial income75/76B€0-

Recurring financial income75€0-

Financial charges65/66B€9k€25k▲

Recurring financial charges65€9k€25k▲

Profit (loss) for the period before taxes9903€126k€81k▼

Income taxes67/77€36k€24k▼

Profit (loss) for the period9904€90k€58k▼

Profit (loss) for the period to be appropriated9905€90k€58k▼

Appropriation of the result

Profit (loss) to be appropriated9906€90k€58k▼

Transfer to equity691/2€90k€58k▼

To other reserves6921€90k€58k▼

The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 7Financial 3Filings 4

Next filing, fiscal year 2026, expected by 31-07-2027

2026

28-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Equity above €200kEq €230k ▲33.5%

4 profitable years in a row build equity to €230k.

22-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Highest result since 2022net €90k ▲89.6%

Operating result €135k, net result €90k, both a record.

31-12

Financial Equity above €150kEq €172k ▲110%

3 profitable years in a row build equity to €172k.

18-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

16-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Beringen · 1 establishment unit since 2021

establishment The establishment unit on the map

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.

Nijverheidsstraat 293580 Beringen

Ground area

1.1 ha

Building footprint

1,865 m²

Parcel 71004A0228/00N000, Flanders. Linked by address, not a title deed.

1 establishment unit

Kortek Groep

Nijverheidsstraat 29, 3580 BeringenGeneral electrical installation work

since 20212.318.187.558

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71004A0228/00N000	Flanders	1.1 ha	1 · 1,865 m²	-

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.

Structure & network

Connections & network

1 connected company

Network connections

KTS Group

Shared address

→

Public money · subsidies and aid

Flemish government

2024 to 2025 · 2 entries · 585 EUR awarded · 387 EUR paid

Year	Entries	awarded	paid
2025	1	406 EUR	208 EUR
2024	1	179 EUR	179 EUR

Schemes

Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)

2 entries · 585 EUR · 387 EUR paid · Fonds voor Innoveren en Ondernemen

Recognitions · licences · registrations

Recognised contractor

4 categories

Kortek Groep BV#10362

category C6, class 1 · category P1, class 1 · category P2, class 1 · category P3, class 1

decision 31-03-2026 · valid until 30-11-2027

Similar companies · same sector, comparable size

BrightRevo

BE 0794.973.495

Asse · Eq €230k

YVAN JANSSEN ELEKTROTECHNIEKEN

BE 0873.292.285

Bilzen-Hoeselt · Eq €230k

Of 22,826 companies in sector 43211 we hold annual accounts for 10,328. 8,056 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded09-06-2021

Fiscal year end31-12

Activities, NACEBEL

43211General electrical installation work

42211Civil engineering

Sources

Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.