Equity
€53,384 from €202,481 in 2021
Equity fell by 74% in 4 years.
KORU
Lifetime
9 annual accounts with figures on one time axispeak €106,519 (2017)
€98,907▲ 46.4%
lowest -€14,803 (2022)
€73,188▲ 51.6%
peak €202,481 (2021)
€53,384▼ 4.7%
€75,276▲ 363%
Board1 name since 2021
1 directorKurtal Semra
Documentsfilings and deeds
15-07-202616 days before the deadline
2025micro format
Gross margin from €67,549 to €98,907Result from €48,264 to €73,188Dividend €75,833Debts from €16,242 to €75,276Cash from €41,404 to €99,967
Key points
from the 2025 annual accountsChecked score
94
Excellent
Financially stronger than 54% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025lowest value
02-2026: < 0.1%● unchanged vs 01-2026lowest value
03-2026: < 0.1%● unchanged vs 02-2026lowest value
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026highest value
09-2026: < 0.1%● unchanged vs 08-2026highest value
10-2026: < 0.1%● unchanged vs 09-2026highest value
11-2026: < 0.1%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 1.64, cash €99,967
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €128,660
Legal form: limited partnership
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 70, micro). It does better than 39% of them on solvency, 62% on liquidity, 84% on profitability and 33% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 26,972 companies had the same profile as KORU has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of KORU itself is lower: < 0.1% within 12 months. It rests on far more data about KORU 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 26,972 companies, not a prediction for KORU. 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 €5,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.64 (3.79 in 2024), above the usual 1.5. Short-term debt is 58.5% and cash 77.7% of total assets. However, 58.5% 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
5 signals, none raises the risk
Five signals.
lowers 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 15-07-2026, 16 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
16 days early
2024
51 days early
2023
58 days early
2022
3 days early
2021
3 days late
2020
123 days early
2019
72 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 46 days before the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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. The company usually files around 15 July (4 of the last 5 accounts filed within 35 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
KS
Kurtal Semra
Director
- Semra Kurtal general partnerdeed of 11-03-2022
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0666653185
Registered office moved to Manage
New registered office: Avenue Albert ler 43 à 7170 Manage · Partner: Semra Kurtal (general partner) · Gazette deed
Amendment of the articles
“Agriculture, apiculture, maraîcher, permaculture, jardin/paysage, écoconseil, environnement,; Tourisme, guide…” (deed in French) · General meeting of 29-08-2017 · Gazette deed
Incorporation
published on 28-11-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| KORU Manage | €128,660 | €98,907 | 41.5% | - |
| DMV Services Tournai | €131,750 | €93,759 | 36.9% | - |
| GBE Consulting Lessines | €121,694 | €88,757 | 49.1% | - |
| E.M.E. Charleroi | €112,048 | €84,747 | 26.1% | - |
| VAL'U Ellezelles | €106,801 | €96,374 | 23.4% | - |
| Vigo Creative Namur | €128,792 | €100,447 | 20.4% | - |
| Dynamic Fleet Solutions Braine-l'Alleud | €132,543 | €93,581 | 36.0% | - |
These companies have the same main activity as KORU: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €107,000 and €133,000, founded between 2016 and 2017.
Official details
Source: KBO- Status
- Active since 24-11-2016Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.259.797.8151050 Ixelles, since 24-11-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 07-08-2025
Annual accounts 2025
- €128,660▲ 78.0%
- Filing
- Filed on 15-07-2026, 16 days before the end of the filing period
Insights on KORU
KORU files the micro format. That format states no turnover. The gross margin fell from €106,519 in 2017 to €98,907 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about KORU
- What is the company number of KORU?
- The company number of KORU is 0666.653.185. The VAT number is the same number with BE in front: BE 0666.653.185.
- Where is KORU based?
- The registered office is at Avenue Albert Ier 43, 7170 Manage.Company details
- What does KORU do?
- According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
- What is the legal form of KORU?
- KORU is a limited partnership (Comm.V).
- When was KORU founded?
- KORU was founded on 24-11-2016.
- Is KORU still active?
- Yes, KORU is an active enterprise in the KBO register.
- What is the turnover of KORU?
- The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €98,907 and 120 comparable companies (NACE 70200). It probably lies between €150,000 and €260,000.Financials
- Is KORU profitable?
- In financial year 2025, KORU made a profit of €73,188.
- Where can I find the annual accounts of KORU?
- KORU filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KORU due?
- KORU must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.