KORUM
ActiveSummary
KORUM has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123k and a net result of €568. Equity is shrinking by ~10% per year across the filed fiscal years. Its solvency ranks better than 75% of 8692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69=
Solvency100▲+4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 3.37 against 3.05 in 2024; short-term debt: 16.3% and cash: 33.4% of total assets), and 20.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.5%
Return on assets
0.4%
Age of the figures
9 mo
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 25-05-2026, 67 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
67 d early
2024
69 d early
2023
64 d early
2022
62 d early
2021
54 d early
2020
30 d late
2019
28 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · 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 monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€123k▲ 0.5%
2024 · €123k
2018: €222k
2019: €225k▲ +1.3% vs 2018highest in 8 years
2020: €223k▼ -0.8% vs 2019
2021: €190k▼ -14.7% vs 2020
2022: €168k▼ -11.4% vs 2021
2023: €126k▼ -25.3% vs 2022
2024: €123k▼ -2.3% vs 2023lowest in 8 years
2025: €123k▲ +0.5% vs 2024
2018 → 2025
Total assets
€155k▼ 10.6%
2024 · €174k
2018: €430khighest in 8 years
2019: €341k▼ -20.7% vs 2018
2020: €294k▼ -13.6% vs 2019
2021: €278k▼ -5.6% vs 2020
2022: €275k▼ -1.1% vs 2021
2023: €237k▼ -13.8% vs 2022
2024: €174k▼ -26.6% vs 2023
2025: €155k▼ -10.6% vs 2024lowest in 8 years
2018 → 2025
Net result
€568▲ 411%
2024 · €111
2018: €43khighest in 8 years
2019: €3k▼ -93.1% vs 2018
2020: €-2k▼ -164% vs 2019lowest in 8 years
2021: €6k▲ +414% vs 2020
2022: €18k▲ +197% vs 2021
2023: €228▼ -98.7% vs 2022
2024: €111▼ -51.2% vs 2023
2025: €568▲ +411% vs 2024
2018 → 2025
Working capital
€60k▲ 7.0%
2024 · €56k
2018: €160khighest in 8 years
2019: €136k▼ -15.4% vs 2018
2020: €126k▼ -7.3% vs 2019
2021: €98k▼ -22.2% vs 2020
2022: €83k▼ -15.0% vs 2021
2023: €60k▼ -28.3% vs 2022
2024: €56k▼ -5.9% vs 2023lowest in 8 years
2025: €60k▲ +7.0% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€190k-€168k▼ 11.4%€126k▼ 25.3%€123k▼ 2.3%€123k▲ 0.5%
2021: €190khighest in 5 years
2022: €168k▼ -11.4% vs 2021
2023: €126k▼ -25.3% vs 2022
2024: €123k▼ -2.3% vs 2023lowest in 5 years
2025: €123k▲ +0.5% vs 2024
Operating result€38k-€30k▼ 21.4%€5k▼ 84.8%€4k▼ 5.7%€4k▼ 10.5%
2021: €38khighest in 5 years
2022: €30k▼ -21.4% vs 2021
2023: €5k▼ -84.8% vs 2022
2024: €4k▼ -5.7% vs 2023
2025: €4k▼ -10.5% vs 2024lowest in 5 years
Net result€6k-€18k▲ 197%€228▼ 98.7%€111▼ 51.2%€568▲ 411%
2021: €6k
2022: €18k▲ +197% vs 2021highest in 5 years
2023: €228▼ -98.7% vs 2022
2024: €111▼ -51.2% vs 2023lowest in 5 years
2025: €568▲ +411% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2025 is 10% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €155k
Fixed assets
€70k ▼ 22.4%
Current assets
€85k ▲ 2.2%
Equity and liabilities €155k
Equity
€123k ▲ 0.5%
Debt
€32k ▼ 37.3%
Debt's share of the balance-sheet total falls from 29.3% to 20.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24k▼
2024 · €26k
Cash flow
€21k▼
2024 · €22k
Current ratio
3.37▲
2024 · 3.05
Debt to equity
0.26▼
2024 · 0.41
ROE
0.5%▲
2024 · 0.1%
ROA
0.4%▲
2024 · 0.1%
Interest coverage
19.00▲
2024 · 11.57
Debt ≤ 1 year
€25k▼
2024 · €27k
Debt > 1 year
€7k▼
2024 · €23k
Income taxes
€2k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€174k€155k▼
Fixed assets21/28€90k€70k▼
Tangible fixed assets22/27€58k€38k▼
Land and buildings22€5k€5k▼
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€50k€31k▼
Financial fixed assets28€32k€32k=
Current assets29/58€83k€85k▲
Amounts receivable within one year40/41€30k€33k▲
Trade receivables40€30k€33k▲
Cash at bank and in hand54/58€54k€52k▼
Equity and liabilities
Total equity and liabilities10/49€174k€155k▼
Equity10/15€123k€123k▲
Contributions10/11€6k€6k=
Reserves13€117k€117k▲
Distributable reserves133€117k€117k▲
Amounts payable17/49€51k€32k▼
Amounts payable after more than one year17€23k€7k▼
Financial debts170/4€23k€7k▼
Amounts payable within one year42/48€27k€25k▼
Current portion of amounts payable after more than one year42€18k€16k▼
Trade debts44€340€929▲
Suppliers440/4€340€929▲
Taxes, remuneration and social security45€5k€8k▲
Taxes450/3€5k€8k▲
Other amounts payable47/48€3k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€20k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€28k€26k▼
Operating profit (loss)9901€4k€4k▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€2k€3k▲
Income taxes67/77€2k€2k▲
Profit (loss) for the period9904€111€568▲
Profit (loss) for the period to be appropriated9905€111€568▲
Appropriation of the result
Profit (loss) to be appropriated9906€111€568▲
Transfer from equity791/2€3k-
Transfer to equity691/2€111€568▲
To other reserves6921€111€568▲
Profit to be distributed694/7€3k-
Return on contributions (dividend)694€3k-
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €26k | €18k | €22k | €20k | ▼ 6.5% |
| Other operating charges640/8 | €21k | €14k | €28k | €2k | €2k | ▲ 2.5% |
| Gross operating margin9900 | €84k | €71k | €51k | €28k | €26k | ▼ 6.6% |
| Operating profit (loss)9901 | €38k | €30k | €5k | €4k | €4k | ▼ 10.5% |
| Financial income75/76B | €2k | €706 | - | - | - | - |
| Recurring financial income75 | €2k | €706 | - | - | - | - |
| Financial charges65/66B | €3k | €2k | €3k | €2k | €1k | ▼ 43.4% |
| Recurring financial charges65 | €3k | €2k | €3k | €2k | €1k | ▼ 43.4% |
| Profit (loss) for the period before taxes9903 | €37k | €29k | €2k | €2k | €3k | ▲ 25.2% |
| Income taxes67/77 | €31k | €11k | €2k | €2k | €2k | ▲ 3.3% |
| Profit (loss) for the period9904 | €6k | €18k | €228 | €111 | €568 | ▲ 411% |
| Profit (loss) for the period to be appropriated9905 | €6k | €18k | €228 | €111 | €568 | ▲ 411% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €278k | €275k | €237k | €174k | €155k | ▼ 10.6% |
| Fixed assets21/28 | €97k | €124k | €109k | €90k | €70k | ▼ 22.4% |
| Tangible fixed assets22/27 | €65k | €92k | €77k | €58k | €38k | ▼ 34.8% |
| Land and buildings22 | €61k | €34k | €6k | €5k | €5k | ▼ 2.3% |
| Plant, machinery and equipment23 | - | €3k | €3k | €4k | €3k | ▼ 30.4% |
| Furniture and vehicles24 | €5k | €55k | €67k | €50k | €31k | ▼ 38.2% |
| Financial fixed assets28 | €32k | €32k | €32k | €32k | €32k | = |
| Current assets29/58 | €181k | €151k | €128k | €83k | €85k | ▲ 2.2% |
| Amounts receivable within one year40/41 | €31k | - | €29k | €30k | €33k | ▲ 13.1% |
| Trade receivables40 | - | - | €29k | €30k | €33k | ▲ 13.1% |
| Other amounts receivable41 | €31k | - | - | - | - | - |
| Cash at bank and in hand54/58 | €150k | €151k | €99k | €54k | €52k | ▼ 3.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €278k | €275k | €237k | €174k | €155k | ▼ 10.6% |
| Equity10/15 | €190k | €168k | €126k | €123k | €123k | ▲ 0.5% |
| Contributions10/11 | €6k | €6k | €6k | €6k | €6k | = |
| Reserves13 | €184k | €162k | €120k | €117k | €117k | ▲ 0.5% |
| Distributable reserves133 | €184k | €162k | €120k | €117k | €117k | ▲ 0.5% |
| Amounts payable17/49 | €88k | €107k | €111k | €51k | €32k | ▼ 37.3% |
| Amounts payable after more than one year17 | €5k | €39k | €43k | €23k | €7k | ▼ 71.9% |
| Financial debts170/4 | €5k | €39k | €43k | €23k | €7k | ▼ 71.9% |
| Amounts payable within one year42/48 | €83k | €68k | €68k | €27k | €25k | ▼ 7.5% |
| Current portion of amounts payable after more than one year42 | €21k | €15k | €19k | €18k | €16k | ▼ 12.4% |
| Trade debts44 | €47 | €722 | €275 | €340 | €929 | ▲ 173% |
| Suppliers440/4 | €47 | €722 | €275 | €340 | €929 | ▲ 173% |
| Taxes, remuneration and social security45 | €23k | €12k | €7k | €5k | €8k | ▲ 53.8% |
| Taxes450/3 | €23k | €12k | €7k | €5k | €8k | ▲ 53.8% |
| Other amounts payable47/48 | €39k | €40k | €43k | €3k | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6k | €18k | €228 | €111 | €568 | ▲ 411% |
| + Depreciation and write-downs630 | €25k | €26k | €18k | €22k | €20k | ▼ 6.5% |
| Operating cash flow (approximation) | €31k | €44k | €18k | €22k | €21k | ▼ 4.3% |
| Investment in fixed assets (approximation) | - | €-53k | €-3k | €-3k | €0 | ▲ 100% |
| Change in cash | - | €826 | €-51k | €-45k | €-2k | ▲ 95.6% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
07-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
28-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 28 days late
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Lokeren · 1 establishment unit since 1996
Ground area
1,036 m²
Building footprint
146 m²
Volume, LiDAR
681 m³
Parcel 46383D1588/00L000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KORUM BVBA
since 19962.075.437.338
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46383D1588/00L000 | Flanders | 1,036 m² | 1 · 145 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 40,848 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-02-1996
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
78100Employment placement agencies
Scores and ratios are computed by Checked and are not a credit decision.