Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 9 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KORBA from Kortrijk, company number BE0656760472, closed financial year 2025 with a result of € -858 after tax. For that financial year KORBA recorded a gross margin of € 38,824 and equity of € -15,430. Compared with financial year 2024, the result moved from € 13,727 to € -858. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ -15,430
▼ € 858 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -858
▼ still € 13,727 profit in 2024
Profit after tax over the fiscal year.
€ 20,504
▲ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -17,430.
People and assets in 2025
€ 7,683
▲ 79% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1,966
▲ 92% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 265,053
▼ 7% vs 2024
€ 21,237 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 21,743
▼ 44% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,767
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 18,097 | € 40,675 | € 50,811 | € 38,824 | ▼ 24% |
| Profit after taxes | € -19,207 | € 2,010 | € 13,727 | € -858 | ▼ € 14,585 |
| Equity | € -30,308 | € -28,298 | € -14,572 | € -15,430 | ▼ € 858 |
| Total debts | € 569,936 | € 556,912 | € 533,285 | € 520,394 | ▼ 2% |
| Cash | € 6,771 | € 5,590 | € 15,294 | € 20,504 | ▲ 34% |
| Land & buildings | € 414,761 | € 408,078 | € 395,656 | € 383,235 | ▼ 3% |
| Retained profit | € -32,308 | € -30,298 | € -16,572 | € -17,430 | ▼ € 858 |
| Bank debt | € 326,778 | € 306,554 | € 285,956 | € 265,053 | ▼ 7% |
| Balance sheet total | € 539,628 | € 528,614 | € 518,713 | € 504,965 | ▼ 3% |
Key figures of KORBA, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to KORBA?
What happened at KORBA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 858 (▼ € 14,585 vs 2024). Source: NBB ↗
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,207 loss in 2022 to € 858 loss in 2025.
Best year ever: 2024, with € 13,727 profit.
Management
Behind KORBA is Karen Demuynck.
Directors
According to the 2025 annual accounts
Karen Demuynck
Director
Establishments
Establishment units
Physical locations of this company
Terhagenstraat(kor) 10
8500 Kortrijk
Halenplein(Kor) 10
8500 Kortrijk
Active since 19 June 2016
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0656.760.472
- VAT number
- BE 0656.760.472
- Registered office
- Terhagenstraat(kor) 10, 8500 Kortrijk
- Names & denominations
- KORBA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 June 2016
- Peppol
- Active · Active since 9 Mar 2026
- Activities · NACE
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