Losses
-€3,467 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
KORTENBERG DEV.
Overview
Lifetime
2 annual accounts with figures on one time axispeak -€276 (2025)
-€276▲ €1,579
lowest -€2,751 (2024)
-€716▲ €2,035
peak €197,249 (2024)
€196,533▼ 0.4%
€195,002▲ 178%
Board2 names since 2023
2 directorsCROONEN Peter Marc Rik and 1 other
Owners2 names in the annual accounts
Documentsfilings and deeds
15-06-202646 days before the deadline
2025micro format
Gross margin from -€1,855 to -€276Loss of €716Debts from €70,092 to €195,002Cash from €1,260 to €21,069
Key points
from the 2025 annual accountsDebts
€195,002 ▲ 178%
Debts rose by €124,910 in 2025.
Liquidity
2.01 was 3.81 in 2024
Short-term debts rose from €70,092 to €195,002.
Turnover not published (micro format)
Checked score
85
Excellent
Financially stronger than 41% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.0%
01-2025: 0.9%▼ -0.1 percentage points vs 12-2024
02-2025: 0.9%● unchanged vs 01-2025
03-2025: 1.0%▲ +0.1 percentage points vs 02-2025
04-2025: 1.1%▲ +0.1 percentage points vs 03-2025
05-2025: 1.1%● unchanged vs 04-2025highest value
06-2025: 1.1%● unchanged vs 05-2025
07-2025: 0.5%▼ -0.6 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.6%▲ +0.1 percentage points vs 05-2026
07-2026: 0.3%▼ -0.3 percentage points vs 06-2026
08-2026: 0.3%● unchanged vs 07-2026
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Founded in 2023
Liquidity: current ratio 2.01, cash €21,069
lowers risk
Sector: Real estate activities (NACE 68)
Size: total assets €391,535
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 68, micro). It does better than 64% of them on solvency, 24% on liquidity, 33% on profitability and 43% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 2,145 companies had the same profile as KORTENBERG DEV. has now. Each dot stands for 6 companies, two years later.
91.7%
were still trading
5.9%
stopped another way
2.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KORTENBERG DEV. itself is lower: 0.3% within 12 months. It rests on far more data about KORTENBERG DEV. than the profile alone.
Test of the method
The method was tested on the 497,447 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.
| 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 2,145 companies, not a prediction for KORTENBERG DEV.. 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.
Credit verdict
Credit of up to €16,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.01 (3.81 in 2024), above the usual 1.5. Short-term debt is 49.8% and cash 5.4% of total assets. 49.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-06-2026, 46 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
46 days early
2024
37 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 42 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Immo Positano 50%score 93equity €875,298 (2025) · 2025 annual accounts of Immo Positano
- KEULEN VASTGOED 50%score 82equity €2.3m (2025) · 2025 annual accounts of KEULEN VASTGOED
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0800686104
First establishment
Europark 120, Lanaken
Incorporation
Founding capital of €200,000, 1,000 shares · Founders: LIMCOR and IMMO POSITANO · Appointments: IVENS Paul (director) and CROONEN Peter Marc Rik (director) · published on 14-04-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KORTENBERG DEV. Lanaken | €391,535 | -€276 | 50.2% | - |
| UNIQ INVEST Beringen | €376,142 | -€11,243 | -1.4% | - |
| Extensio Tongeren | €302,116 | -€8,248 | -13.0% | - |
| ERAJO Maasmechelen | €483,541 | -€81,470 | -7.6% | - |
| B-CONCEPT HABITAT Andenne | €386,527 | -€9,001 | -2.3% | - |
| GROOT VOLLANDER BOUW Bruges | €400,568 | -€2,881 | 18.5% | - |
| MK HOME INVEST Bastogne | €394,027 | -€13,588 | -5.0% | - |
These companies have the same main activity as KORTENBERG DEV.: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €302,000 and €484,000, founded between 2022 and 2023.
Official details
Source: KBO- Status
- Active since 12-04-2023Normal situation
- Activity
- Development of residential building projectsNACE 68121and 1 other
- Establishment unit
- 2.344.641.5373620 Lanaken, since 01-05-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 12-05-2025
Annual accounts 2025
- -€276▲ 85.1%
- €716▼ 74.0%
- €196,533▼ 0.4%
- €391,535▲ 46.5%
- Filing
- Filed on 15-06-2026, 46 days before the end of the filing period
Insights on KORTENBERG DEV.
KORTENBERG DEV. has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €196,533 and a net result of -€716.
Its solvency ranks better than 66% of 17,178 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 15-06-2026, 46 days before the deadline-€276
▲ €1,579
-€675
▲ €2,013
-€716
▲ €2,035
€196,533
▼ 0.4%
50.2%
▼ 23.6 percentage points
2.01
▼ 1.81
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €391,535 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
50.2%
Higher than 66% of 17,178 companies in 2025.
2.01
Higher than 67% of 16,475 companies in 2025.
-0.2%
Higher than 36% of 16,854 companies in 2025.
KORTENBERG DEV.
Middle half of the sector
80% of the sector
Micro accounts in real estate (NACE 68)
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
391,535 | 267,341 | |
29/58 |
391,535 | 267,341 | |
3 |
291,242 | 190,247 | |
30/36 |
291,242 | 190,247 | |
40/41 |
79,224 | 75,835 | |
40 |
75,000 | 75,000 | |
41 |
4,224 | 835 | |
54/58 |
21,069 | 1,260 | |
| Balance sheet: equity and liabilities | |||
10/49 |
391,535 | 267,341 | |
10/15 |
196,533 | 197,249 | |
10/11 |
200,000 | 200,000 | |
14 |
-3,467 | -2,751 | |
17/49 |
195,002 | 70,092 | |
42/48 |
195,002 | 70,092 | |
44 |
25,181 | 271 | |
440/4 |
25,181 | 271 | |
47/48 |
169,822 | 69,822 | |
| Income statement | |||
9900 |
-276 | -1,855 | |
640/8 |
400 | 834 | |
9901 |
-675 | -2,689 | |
65/66B |
40 | 62 | |
65 |
40 | 62 | |
9903 |
-716 | -2,751 | |
9904 |
-716 | -2,751 | |
9905 |
-716 | -2,751 | |
| Appropriation of the result | |||
9906 |
-3,467 | -2,751 | |
14P |
-2,751 | - | |
| Document | |||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 15-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 19,809 | - | ||
| 196,533 | 197,249 | ||
| 50.2% | 73.8% | ||
| 2.01 | 3.81 | ||
| 0.51 | 1.10 | ||
| 0.99 | 0.36 | ||
| -0.4% | -1.4% | ||
| -0.2% | -1.0% |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on KORTENBERG DEV.
The operating result for 2025 is a loss of €675, smaller than the loss of €2,689 in 2024.
Debt's share of the balance-sheet total rises from 26.2% to 49.8%. Equity is lower and debt is higher.
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
since 11-04-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 15-06-2026
Director (not named in the articles)
since 11-04-2023
term without a fixed end
listed in the 2025 annual accounts, filed on 15-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Artikel 14. Bevoegdheden van het bestuursorgaan Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan…”deed of 14-04-2023
Mandates through the years
2 names, the dashed line is todayCROONEN Peter Marc Rik
Director (not named in the articles)
Director (not named in the articles)
IVENS Paul
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- CROONEN Peter Marc Rik
- Director (not named in the articles), from 11-04-2023 to date
- IVENS Paul
- Director (not named in the articles), from 11-04-2023 to date
Control
Shareholder
Equity €875,298
Loss €4,078 in 2025 (profit €2,872 in 2024)
Checked score 93
50%
This company
KORTENBERG DEV.
Equity €196,533
Loss €716 in 2025
Capital
- Contribution
- €200,000
- Shares
- 1,000
- Contribution per share
- €200
- Equity per share
- €197 in 2025
- Source
- deed of 14-04-2023
Owners through the years
as the annual accounts name themOwners as a list
- Immo Positano
- KEULEN VASTGOED
Source: lists of holdings in the owners' accounts
Articles of association
deed of 14-04-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 29 May at 20:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Een of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, bestuurder(s) in functie als vereffenaar(s) krachtens…”
Shareholders
2 ownersOwners 2
- Equity €875,298 Loss of €4,078 in 2025 (profit of €2,872 in 2024) Checked score 9350%
- Equity €2.3m Profit of €108,734 in 2025 (profit of €77,792 in 2024) Checked score 8250%
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 14-04-2023 ↗
- LIMCOR (BE 0767.810.230) 500 shares (50%) · €100,000
- IMMO POSITANO (BE 0772.387.442) 500 shares (50%) · €100,000
Capital over time
- 14-04-2023 Incorporation · €200,000 · 1,000 shares
Network & group
No group
KORTENBERG DEV. has no parent and no holdings in its annual accounts.
At the same address
Smisstraat 7, 3620 Lanaken · 5 other companies| Brede 21
registered office since 05-09-2005 · founded in 2005 |
total assets €1.5m (2025) 0875.874.663 |
| Stal Keulen-Hermans
establishment since 16-09-2024 · founded in 2024 |
total assets €51,185 (2025) 1013.638.716 |
| TM WYCOR-KEULEN
establishment since 01-02-2024 |
founded in 2024 1006.142.792 |
| TM De Kwint
establishment since 16-03-2023 |
founded in 2023 0800.748.262 |
| TM WZC Gansteren
establishment since 13-10-2022 |
founded in 2022 0792.805.843 |
Connections & network
2 current directorsThe network starts from the directors of KORTENBERG DEV.. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Timeline
5 events since 2023Filings
Establishments
2023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 46 days before the deadline
2025
Annual accounts 2024 filed PDFmicro format · 37 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0800686104
2023
First establishment Europark 120, Lanaken
IncorporationFounding capital of €200,000, 1,000 shares · Founders: LIMCOR and IMMO POSITANO · Appointments: IVENS Paul (director) and CROONEN Peter Marc Rik (director) · published on 14-04-20238 points ▸
- Founder, LIMCOR
- Founder, IMMO POSITANO
- Founding capital, €200,000, 1,000 shares
- Registered office clause, Smisstraat 7, 3620 Lanaken
- Board rule, 2
- Director appointment, IVENS Paul (director (not named in the articles))
- Director appointment, CROONEN Peter Marc Rik (director (not named in the articles))
- Power of attorney, Sofie JANSSEN
- The deed holds 5 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
KORTENBERG DEV. was incorporated on 12 April 2023 as a private limited company by LIMCOR and IMMO POSITANO, with a starting capital of €200,000.12 The board currently has 2 members, 2 of whom have served since 2023.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 0800.686.104
- VAT number
- BE 0800.686.104
- Peppol ID
- 0208:0800686104
- Other Peppol ID
- 9925:BE0800686104
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 12-04-2023
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 29 May at 20:00deed of 14-04-2023 (in Dutch)
- Peppol
- Reachable since 12-05-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- KORTENBERG DEV. in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 14-04-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 14-04-2023 (in Dutch)
Activities
NACEBEL 202568121
Development of residential building projects main activity
Codes under NACEBEL 2008
41101
Real estate development main activity
41102
Construction of residential and non-residential buildings
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Smisstraat 7 registered office 3620 Lanaken | ||
| Europark 120 3620 Lanaken | 01-05-2023 | 2.344.641.537 |
Buildings and parcels at the addresses
- Ground area
- 1.3 ha
- Buildings
- 4,343 m²
- Volume, LiDAR
- 33,470 m³
- Tallest building
- 10.1 m
Buildings to scale, each on its own parcel
Environmental permits
1 application in Flanders since 2025| 09-03-2026 | Discontinued | Bouwen of herbouwen; Nieuwbouw of aanleggen; Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden submitted 19-06-2025 · project 2025066677 | Kortenberg |
Source: Omgevingsloket Vlaanderen.
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 73042C0294/00C000 | 1.1 ha | 1 · 3,600 m² | 9.1 m · 3 |
| 73088C0518/00L000 | 1,299 m² | 1 · 744 m² | 10.1 m · 2 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0800.686.104