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 35 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Korenlei 1 from Gent, company number BE0876100634, closed financial year 2025 with a result of € 23,999 after tax. For that financial year Korenlei 1 recorded a gross margin of € 388,643 and equity of € 28,134. Compared with financial year 2024, the result moved from € -24,312 to € 23,999. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 28,134
▲ € 123,999 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 23,999
▲ still € 24,312 loss in 2024
Profit after tax over the fiscal year.
€ 15,065
▲ 52% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -90,466.
People and assets in 2025
€ 306,235
▲ 95% 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.
€ 13,138
▲ 171% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3,229
▲ 112% vs 2024
Loans from banks and other lenders, long and short.
€ 121,926
▲ 248% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 48,850
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 122,929 | € 150,679 | € 166,506 | € 388,643 | ▲ 133% |
| Profit after taxes | € 1,725 | € -25,704 | € -24,312 | € 23,999 | ▲ € 48,311 |
| Equity | € -45,850 | € -71,554 | € -95,866 | € 28,134 | ▲ € 123,999 |
| Total debts | € 227,096 | € 230,892 | € 244,666 | € 221,972 | ▼ 9% |
| Cash | € 19,826 | € 5,942 | € 9,939 | € 15,065 | ▲ 52% |
| Retained profit | € -64,450 | € -90,154 | € -114,466 | € -90,466 | ▲ € 23,999 |
| Bank debt | € 24,406 | € 3,528 | € 1,523 | € 3,229 | ▲ 112% |
| Balance sheet total | € 181,245 | € 159,338 | € 148,800 | € 250,105 | ▲ 68% |
Key figures of Korenlei 1, 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 Korenlei 1?
What happened at Korenlei 1 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 23,999. filed late Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 1,725 profit in 2022 to € 23,999 profit in 2025.
Paid € 107 in corporate taxes since 2022.
Best year ever: 2025, with € 23,999 profit.
Management
Behind Korenlei 1 are Beatrijs Achtergael and Pascal Malter. The same people are also behind BELGIAN WAFFLES NUMBER ONE.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Korenlei 2
9000 Gent
Korenlei 1
9000 Gent
Active since 25 October 2005
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
Website info
Features
Security
Details
- Company number
- 0876.100.634
- VAT number
- BE 0876.100.634
- Registered office
- Korenlei 2, 9000 Gent
- Names & denominations
- Korenlei 1
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 September 2005
- Peppol
- Active · Active since 31 Dec 2025
- Contact
- korenleitwee.be
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