tKorps
ActiveSummary
tKorps has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €247k and a net result of €40k. Equity is growing by ~24.5% per year across the filed fiscal years. Its solvency ranks better than 82% of 1648 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 2.68 against 3.56 in 2024; short-term debt: 20.2% and cash: 0.7% of total assets), and 20.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
79.8%
Return on assets
12.8%
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 16-04-2026, 106 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
106 d early
2024
48 d early
2023
56 d early
2022
45 d early
2021
41 d early
2020
66 d early
2019
63 d early
← 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
€247k▲ 5.4%
2024 · €234k
2018: €14klowest in 8 years
2019: €54k▲ +295% vs 2018
2020: €92k▲ +69.1% vs 2019
2021: €131k▲ +42.3% vs 2020
2022: €160k▲ +22.2% vs 2021
2023: €197k▲ +23.1% vs 2022
2024: €234k▲ +19.0% vs 2023
2025: €247k▲ +5.4% vs 2024highest in 8 years
2018 → 2025
Total assets
€310k▲ 14.2%
2024 · €271k
2018: €59klowest in 8 years
2019: €111k▲ +87.9% vs 2018
2020: €144k▲ +29.3% vs 2019
2021: €176k▲ +22.3% vs 2020
2022: €200k▲ +13.8% vs 2021
2023: €226k▲ +13.1% vs 2022
2024: €271k▲ +20.1% vs 2023
2025: €310k▲ +14.2% vs 2024highest in 8 years
2018 → 2025
Net result
€40k▲ 6.3%
2024 · €37k
2018: €36k
2019: €41k▲ +14.5% vs 2018
2020: €38k▼ -7.5% vs 2019
2021: €50k▲ +33.8% vs 2020highest in 8 years
2022: €29k▼ -42.2% vs 2021lowest in 8 years
2023: €37k▲ +27.1% vs 2022
2024: €37k▲ +1.4% vs 2023
2025: €40k▲ +6.3% vs 2024
2018 → 2025
Working capital
€105k▲ 13.7%
2024 · €92k
2018: €-36klowest in 8 years
2019: €8k▲ +123% vs 2018
2020: €48k▲ +484% vs 2019
2021: €89k▲ +84.0% vs 2020
2022: €118k▲ +33.5% vs 2021
2023: €154k▲ +29.7% vs 2022highest in 8 years
2024: €92k▼ -39.8% vs 2023
2025: €105k▲ +13.7% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€131k-€160k▲ 22.2%€197k▲ 23.1%€234k▲ 19.0%€247k▲ 5.4%
2021: €131klowest in 5 years
2022: €160k▲ +22.2% vs 2021
2023: €197k▲ +23.1% vs 2022
2024: €234k▲ +19.0% vs 2023
2025: €247k▲ +5.4% vs 2024highest in 5 years
Operating result€74k-€41k▼ 44.6%€50k▲ 21.7%€51k▲ 2.5%€50k▼ 1.6%
2021: €74khighest in 5 years
2022: €41k▼ -44.6% vs 2021lowest in 5 years
2023: €50k▲ +21.7% vs 2022
2024: €51k▲ +2.5% vs 2023
2025: €50k▼ -1.6% vs 2024
Net result€50k-€29k▼ 42.2%€37k▲ 27.1%€37k▲ 1.4%€40k▲ 6.3%
2021: €50khighest in 5 years
2022: €29k▼ -42.2% vs 2021lowest in 5 years
2023: €37k▲ +27.1% vs 2022
2024: €37k▲ +1.4% vs 2023
2025: €40k▲ +6.3% vs 2024
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €310k
Fixed assets
€142k ▼ 0.5%
Current assets
€168k ▲ 30.5%
Equity and liabilities €310k
Equity
€247k ▲ 5.4%
Debt
€63k ▲ 70.0%
Debt's share of the balance-sheet total rises from 13.6% to 20.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€51k▼
2024 · €52k
Cash flow
€40k▲
2024 · €38k
Current ratio
2.68▼
2024 · 3.56
Debt to equity
0.25▲
2024 · 0.16
ROE
16.1%▲
2024 · 16.0%
ROA
12.8%▼
2024 · 13.8%
Interest coverage
373.08▲
2024 · 186.03
Debt ≤ 1 year
€63k▲
2024 · €36k
Income taxes
€16k▲
2024 · €16k
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 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€271k€310k▲
Fixed assets21/28€143k€142k▼
Tangible fixed assets22/27€1k€481▼
Furniture and vehicles24€1k€481▼
Other tangible fixed assets26€85-
Financial fixed assets28€142k€142k=
Current assets29/58€129k€168k▲
Amounts receivable after more than one year29€39k€39k=
Other amounts receivable291€39k€39k=
Amounts receivable within one year40/41€73k€124k▲
Trade receivables40€72k€124k▲
Other amounts receivable41€240-
Cash at bank and in hand54/58€17k€2k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€271k€310k▲
Equity10/15€234k€247k▲
Contributions10/11€12k€12k=
Reserves13€222k€235k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€220k€233k▲
Amounts payable17/49€37k€63k▲
Amounts payable within one year42/48€36k€63k▲
Trade debts44€2k€5k▲
Suppliers440/4€2k€5k▲
Taxes, remuneration and social security45€34k€41k▲
Taxes450/3€34k€41k▲
Other amounts payable47/48-€17k
Accrued charges and deferred income492/3€710-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€725€659▼
Other operating charges640/8€868€895▲
Gross operating margin9900€53k€52k▼
Operating profit (loss)9901€51k€50k▼
Financial income75/76B€2k€6k▲
Recurring financial income75€2k€6k▲
Financial charges65/66B€279€137▼
Recurring financial charges65€279€137▼
Profit (loss) for the period before taxes9903€53k€56k▲
Income taxes67/77€16k€16k▲
Profit (loss) for the period9904€37k€40k▲
Profit (loss) for the period to be appropriated9905€37k€40k▲
Appropriation of the result
Profit (loss) to be appropriated9906€37k€40k▲
Transfer from equity791/2-€27k
Transfer to equity691/2€37k€40k▲
To other reserves6921€37k€40k▲
Profit to be distributed694/7-€27k
Return on contributions (dividend)694-€27k
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 | €2k | €283 | €244 | €725 | €659 | ▼ 9.0% |
| Other operating charges640/8 | €760 | €766 | €1k | €868 | €895 | ▲ 3.2% |
| Gross operating margin9900 | €76k | €42k | €51k | €53k | €52k | ▼ 1.7% |
| Operating profit (loss)9901 | €74k | €41k | €50k | €51k | €50k | ▼ 1.6% |
| Financial income75/76B | - | - | €2k | €2k | €6k | ▲ 149% |
| Recurring financial income75 | - | - | €2k | €2k | €6k | ▲ 149% |
| Financial charges65/66B | €58 | €66 | €162 | €279 | €137 | ▼ 51.0% |
| Recurring financial charges65 | €58 | €66 | €162 | €279 | €137 | ▼ 51.0% |
| Profit (loss) for the period before taxes9903 | €74k | €41k | €52k | €53k | €56k | ▲ 5.3% |
| Income taxes67/77 | €24k | €12k | €15k | €16k | €16k | ▲ 2.8% |
| Profit (loss) for the period9904 | €50k | €29k | €37k | €37k | €40k | ▲ 6.3% |
| Profit (loss) for the period to be appropriated9905 | €50k | €29k | €37k | €37k | €40k | ▲ 6.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €176k | €200k | €226k | €271k | €310k | ▲ 14.2% |
| Fixed assets21/28 | €42k | €42k | €43k | €143k | €142k | ▼ 0.5% |
| Tangible fixed assets22/27 | €671 | €387 | €2k | €1k | €481 | ▼ 57.8% |
| Furniture and vehicles24 | - | - | €2k | €1k | €481 | ▼ 54.4% |
| Other tangible fixed assets26 | €671 | €387 | €236 | €85 | - | - |
| Financial fixed assets28 | €42k | €42k | €42k | €142k | €142k | = |
| Current assets29/58 | €133k | €158k | €183k | €129k | €168k | ▲ 30.5% |
| Amounts receivable after more than one year29 | - | - | €39k | €39k | €39k | = |
| Other amounts receivable291 | - | - | €39k | €39k | €39k | = |
| Amounts receivable within one year40/41 | €109k | €100k | €133k | €73k | €124k | ▲ 71.2% |
| Trade receivables40 | €109k | €100k | €133k | €72k | €124k | ▲ 71.8% |
| Other amounts receivable41 | €94 | €100 | €110 | €240 | - | - |
| Cash at bank and in hand54/58 | €23k | €58k | €10k | €17k | €2k | ▼ 86.8% |
| Deferred charges and accrued income490/1 | €947 | - | - | - | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €176k | €200k | €226k | €271k | €310k | ▲ 14.2% |
| Equity10/15 | €131k | €160k | €197k | €234k | €247k | ▲ 5.4% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Reserves13 | €119k | €148k | €185k | €222k | €235k | ▲ 5.7% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €117k | €146k | €183k | €220k | €233k | ▲ 5.8% |
| Amounts payable17/49 | €45k | €40k | €29k | €37k | €63k | ▲ 70.0% |
| Amounts payable within one year42/48 | €45k | €39k | €29k | €36k | €63k | ▲ 73.4% |
| Trade debts44 | €2k | - | €956 | €2k | €5k | ▲ 150% |
| Suppliers440/4 | €2k | - | €956 | €2k | €5k | ▲ 150% |
| Taxes, remuneration and social security45 | €29k | €36k | €26k | €34k | €41k | ▲ 18.4% |
| Taxes450/3 | €29k | €36k | €26k | €34k | €41k | ▲ 18.4% |
| Other amounts payable47/48 | €13k | €3k | €2k | - | €17k | - |
| Accrued charges and deferred income492/3 | - | €348 | - | €710 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €50k | €29k | €37k | €37k | €40k | ▲ 6.3% |
| + Depreciation and write-downs630 | €2k | €283 | €244 | €725 | €659 | ▼ 9.0% |
| Operating cash flow (approximation) | €52k | €29k | €37k | €38k | €40k | ▲ 6.0% |
| Investment in fixed assets (approximation) | - | €0 | €-2k | €-100k | €0 | ▲ 100% |
| Change in cash | - | €34k | €-47k | €7k | €-15k | ▼ 319% |
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
16-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €200kEq €234k ▲19%
7 profitable years in a row build equity to €234k.
05-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €29k ▼42.2%
Net result drops to €29k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €160k ▲22.2%
5 profitable years in a row build equity to €160k.
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €50k ▲33.8%
Operating result €74k, net result €50k, both a record.
31-12
Financial
Equity above €100kEq €131k ▲42.3%
4 profitable years in a row build equity to €131k.
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
31-12
Financial
Liquidity times 6current ratio 1.15
Current ratio from 0.19 to 1.15.
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Gent · 1 establishment unit since 2007
Ground area
65 m²
Building footprint
62 m²
Volume, LiDAR
608 m³
Parcel 44802B1104/00D000, Flanders · tallest building 15.0 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
bird.be / tKorps / telltree / binders
since 20072.161.263.532
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B1104/00D000 | Flanders | 65 m² | 1 · 62 m² | 15.0 m · 4 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 9,862 companies in sector 73110 we hold annual accounts for 3,753. 2,701 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
Founded16-02-2007
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Contact
E-mail
myenterprise@tkorps.beGent
Scores and ratios are computed by Checked and are not a credit decision.