KORU FORM & FUNCTION
ActiveSummary
KORU FORM & FUNCTION has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,703 and a net result of -€2,816. Equity remains stable across the filed financial years (±0.6% per year). Its solvency ranks better than 95% of 4,319 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Equity
- €10,703
- Loss
- -€2,816
Why 94raises riskLoss of €2,816, the second in a row (financial year 2025)lowers riskLiquidity: current ratio 23.93, cash €6,312Sector: Other professional, scientific and technical activities (NACE 74)Size: total assets €11,169Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 74, micro): better than 88% on solvency, 97% on liquidity, 7% on profitability and 23% on growth.
The bankruptcy probability was computed on 27-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 23 days before the deadline; the sector median (NACE 74) for financial year 2024 is 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€2,816
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €2,636 in 2025 against €818 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 74, Other professional, scientific and technical activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 3,591 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87.4% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,591 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €750 | €32 | - | - | €1,920 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €283 | €592 | €592 | €309 | - | - | - |
| Other operating charges640/8 | - | - | €348 | €348 | €395 | €387 | €412 | ▲ 6.4% |
| Non-recurring operating charges66A | - | - | - | €8 | - | - | - | - |
| Gross operating margin9900 | €2,842 | €5,011 | €6,218 | €792 | €968 | -€430 | -€2,224 | ▼ 417% |
| Operating profit (loss)9901 | €2,147 | €4,380 | €5,279 | -€155 | €264 | -€818 | -€2,636 | ▼ 222% |
| Financial income75/76B | - | - | €178 | - | - | - | - | - |
| Recurring financial income75 | - | - | €178 | - | - | - | - | - |
| Financial charges65/66B | - | - | €155 | €165 | €180 | €180 | €180 | = |
| Recurring financial charges65 | €260 | €164 | €155 | €165 | €180 | €180 | €180 | = |
| Profit (loss) for the period before taxes9903 | €1,887 | €4,216 | €5,302 | -€320 | €84 | -€998 | -€2,816 | ▼ 182% |
| Income taxes67/77 | - | €1,562 | €1,485 | -€195 | - | - | - | - |
| Profit (loss) for the period9904 | €1,887 | €2,654 | €3,817 | -€125 | €84 | -€998 | -€2,816 | ▼ 182% |
| Profit (loss) for the period to be appropriated9905 | €1,887 | €2,654 | €3,817 | -€125 | €84 | -€998 | -€2,816 | ▼ 182% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €15,140 | €18,261 | €16,700 | €17,713 | €14,581 | €13,972 | €11,169 | ▼ 20.1% |
| Fixed assets21/28 | - | €1,493 | €901 | €309 | - | - | - | - |
| Tangible fixed assets22/27 | - | €1,493 | €901 | €309 | - | - | - | - |
| Furniture and vehicles24 | - | - | €901 | €309 | - | - | - | - |
| Current assets29/58 | €15,140 | €16,768 | €15,799 | €17,404 | €14,581 | €13,972 | €11,169 | ▼ 20.1% |
| Amounts receivable within one year40/41 | - | - | €5,678 | €8,080 | €8,134 | €6,492 | €4,858 | ▼ 25.2% |
| Trade receivables40 | - | - | - | - | - | €1,634 | - | - |
| Other amounts receivable41 | - | - | €5,678 | €8,080 | €8,134 | €4,858 | €4,858 | = |
| Cash at bank and in hand54/58 | €15,023 | €16,540 | €9,892 | €9,323 | €6,447 | €7,480 | €6,312 | ▼ 15.6% |
| Deferred charges and accrued income490/1 | - | - | €230 | - | - | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €15,140 | €18,261 | €16,700 | €17,713 | €14,581 | €13,972 | €11,169 | ▼ 20.1% |
| Equity10/15 | €8,087 | €10,741 | €14,559 | €14,433 | €14,517 | €13,519 | €10,703 | ▼ 20.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €8,060 | ▲ 30.0% |
| Capital10 | - | - | €6,200 | €6,200 | €6,200 | €6,200 | - | - |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | €18,600 | - | - |
| Uncalled capital101 | - | - | €12,400 | €12,400 | €12,400 | €12,400 | - | - |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Legal reserve130 | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Profit (loss) carried forward14 | €27 | €2,681 | €6,499 | €6,373 | €6,457 | €5,459 | €2,643 | ▼ 51.6% |
| Amounts payable17/49 | €7,053 | €7,520 | €2,142 | €3,280 | €64 | €453 | €467 | ▲ 3.0% |
| Amounts payable within one year42/48 | €7,053 | €7,520 | €2,142 | €3,280 | €64 | €453 | €467 | ▲ 3.0% |
| Trade debts44 | €181 | €1,699 | €250 | €2,146 | €64 | €453 | €467 | ▲ 3.0% |
| Suppliers440/4 | - | - | €250 | €2,146 | €64 | €453 | €467 | ▲ 3.0% |
| Taxes, remuneration and social security45 | - | - | €1,892 | €1,133 | - | - | - | - |
| Taxes450/3 | - | - | €1,892 | €1,133 | - | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,887 | €2,654 | €3,817 | -€125 | €84 | -€998 | -€2,816 | ▼ 182% |
| + Depreciation and write-downs630 | - | €283 | €592 | €592 | €309 | - | - | - |
| Operating cash flow (approximation) | €1,887 | €2,937 | €4,409 | €467 | €393 | -€998 | -€2,816 | ▼ 182% |
| Investment in fixed assets (approximation) | - | - | €0 | €0 | - | - | - | - |
| Change in cash | - | €1,517 | -€6,648 | -€568 | -€2,877 | €1,033 | -€1,168 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 08-07-2026 | 2026-00268467 |
| 31-12-2024 | micro format | 08-07-2025 | 2025-00246581 |
| 31-12-2023 | micro format | 21-06-2024 | 2024-00148058 |
| 31-12-2022 | micro format | 05-07-2023 | 2023-00200843 |
| 31-12-2021 | micro format | 08-07-2022 | 2022-20162231 |
| 31-12-2020 | full format | 16-06-2021 | 2021-20400409 |
| 31-12-2019 | full format | 19-08-2020 | 2020-42700334 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| OLSSON Kjell Torbjörn |
|
| M&A CONSULTING |
|
Owners and capital
Capital and shareholders
- 23-01-2025 Converted to unavailable equity · €8,060
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-01
Gazette deed
Resignation: OLSSON Kjell Torbjörn (manager)Reappointment: OLSSON Kjell Torbjörn (director) · Registered office clause · Capital conversion13 facts ▸
- General meeting, 20-01-2025
- Director resignation, OLSSON Kjell Torbjörn (manager)
- Director reappointment, OLSSON Kjell Torbjörn (director (not named in the articles))
- Registered office clause, “Bruxelles, avenue Jupiter 25 boîte 2” (deed in French)
- Other provision, “adresse électronique site-web et communications, actionnaires,titulaires titres émis société,titulaires certificats émis avec collaboration société” (deed in French)
- Other provision, “unanimité décisions, toutes décisions prises à l'unanimité des voix” (deed in French)
- Other provision, “adaptation statuts Code sociétés associations conservation forme SRL, adapter statuts” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Reserve release, “supprimer compte de capitaux propres statutairement indisponible, fonds disponibles pour distribution” (deed in French)
- Other provision, “unanimité, troisième résolution lecture approbation rapport” (deed in French)
- Purpose change
- Amendment of the articles
- +1 further fact in this act
23-08
Gazette deed
Resignation: M&A CONSULTING (director)4 facts ▸
- General meeting, 31-05-2024
- Director resignation, M&A CONSULTING (director)
- Director in office, Suleman GJANAJ (director)
- Other provision, “cabinet d'avocats des mandataires suppléants, Chaussée de la Hulpe 177/12 - 1170 Bruxelles” (deed in French)
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21383B0031/00N040 | Brussels | 1,242 m² | 1 · 321 m² | 26.5 m · 8 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Au web–design,à l’art graphique et la photographie,le tout dans le sens le plus large; Aux services et prestations en matière informatique…” (deed in French)
7 activities (deed in French)
- Au web–design,à l’art graphique et la photographie,le tout dans le sens le plus large
- Aux services et prestations en matière informatique tel que le développement informatique,la programmation informatique,l’analyse technique,la consultance,l’analyse business,l’analyse fonctionnelle,la gestion de projet,le management,le montage vidéo,le streaming vidéo,l’assistance informatique,Web master,Web design,la gestion de bases des données,le graphisme,l’infographie,la gestion d’installations informatiques,et y-compris la fabrication,l’assemblage,l’achat,la vente,la location,le leasing,la réparation,en gros ou en détail,de tout matériel informatique au sens le plus large du terme et de tous matériels de réception par satellite,le suivi auprès de la clientèle,le dépannage en atelier et à son domicile et activités connexes et plus généralement l’exercice de toutes activités non réglementées
- À l’importation,l’exportation et la fabrication de tous matériels et logiciels informatiques
- À la formation,séminaire en matière informatique en présentiel,en ligne et à distance,pour tous âges et tous publics
- À toute activité se rapportant au graphisme,au lettrage et à l’imprimerie
- À toute activité se rapportant à la conception et la commercialisation de sites web et de portails internet
- À toute activité se rapprochant à la conception,la réalisation,l’exploitation,la commercialisation,l’achat,la location et la vente de toutes formes de publicité généralement quelconques,et ce sur tous supports matériels,audiovisuels,informatiques,et autres
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- KORU FORM & FUNCTION
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Bruxelles-Capitale, organe d’administration” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Assemblée fixe nombre durée pouvoirs en cas pluralité, avec ou sans limitation durée” (deed in French)“Fixe ou proportionnelle, frais généraux” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata, nullité” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission nouvelles actions, courrier électronique,ou courrier ordinaire même jour si sans adresse électronique” (deed in French)1 more provision on this in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour modifications aux statuts, dissolution en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment, désigner liquidateurs et déterminer pouvoirs et émoluments” (deed in French)