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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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
KORVAKOR from Kortrijk, company number BE0738661928, closed financial year 2025 with a result of € 538,949 after tax. For that financial year KORVAKOR recorded a gross margin of € 725,888 and equity of € 1,000. Compared with financial year 2024, the result moved from € 333,661 to € 538,949. Profitable, and profit is growing. The buffer shrank hard: equity is 100 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 30, 2026.
€ 1,000
▼ € 714,756 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 538,949
▲ 62% vs 2024
Profit after tax over the fiscal year.
€ 172,541
▼ 59% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.3 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 60,981
▲ € 55,643 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 46,268
▼ 19% vs 2024
€ 11,056 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 2,423
▲ 239% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 266,020 | € 274,098 | € 449,944 | € 725,888 | ▲ 61% |
| Profit after taxes | € 196,956 | € 199,393 | € 333,661 | € 538,949 | ▲ 62% |
| Equity | € 622,702 | € 382,095 | € 715,756 | € 1,000 | ▼ € 714,756 |
| Total debts | € 4,513 | € 72,960 | € 114,024 | € 591,638 | ▲ € 477,615 |
| Cash | € 381,762 | € 160,620 | € 420,448 | € 172,541 | ▼ 59% |
| Retained profit | € 621,702 | € 381,095 | € 714,756 | € 0 | ▼ 100% |
| Dividend | € 0 | € 440,000 | € 0 | € 1,253,706 | |
| Bank debt | € 0 | € 0 | € 57,000 | € 46,268 | ▼ 19% |
| Balance sheet total | € 627,215 | € 455,055 | € 829,780 | € 592,638 | ▼ 29% |
Key figures of KORVAKOR, 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 KORVAKOR?
What happened at KORVAKOR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 538,949 (▲ 62% vs 2024). filed late Source: NBB ↗
- Lineke Hens became a director. NBB
- New establishment in Kortrijk. KBO
- Mikhael Janssen became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 196,956 profit in 2022 to € 538,949 profit in 2025.
Paid € 414,760 in corporate taxes since 2022.
Best year ever: 2025, with € 538,949 profit.
Paid out € 1.7 million in dividends to the owners in total.
A new publication or filing at KORVAKOR? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind KORVAKOR are Mikhael Janssen and Lineke Hens.
Directors
According to the 2025 annual accounts
Mikhael Janssen
Director
since 2019
Lineke Hens
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Universiteitslaan(Kor) 17
8500 Kortrijk
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0738.661.928
- VAT number
- BE 0738.661.928
- Registered office
- Universiteitslaan(Kor) 17, 8500 Kortrijk
- Names & denominations
- KORVAKOR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 December 2019
- Peppol
- Active · Active since 5 Jan 2026
- Activities · NACE
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Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied
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