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KORACHEM

Active
Public limited companyfounded 1990active for 35 yearsGulkenrodestraat 3, 2160 Wommelgem, BelgiumKBO/BCE: BE 0442.879.432
Summary

KORACHEM has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.8m and a net result of -€223,363. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 49% of 317 sector peers (NACE 20, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Manufacture of chemicals and chemical products
NACE 20160Manufacture of chemicals and chemical products NACE 20140
4th fastest staff growth in the province of Antwerp, Chemicals sector1 site
Size
€18.8mturnover 2025
Staff
36.7 FTE
Equity
€4.8m
Loss
-€223,363
Financial health
85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Parent
Koramic Chemicals · 100%
  • Stefaan Haspeslagh BVChair
  • Koramic ChemicalsDirector · permanent representative VLAEMMINCK Stéphane Jean-Pierre Jacques Paul
  • Threestones BVManaging director · permanent representative Michel De Coninck
Auditor: Boes & Verrue Bedrijfsrevisoren BVAccounts filed 31 days late10 of 33 deeds read
Why 85raises riskSize: turnover €18.8m, 36.7 FTE, total assets €9.8mLoss of €223,363 (financial year 2025)Liquidity: current ratio 1.88, cash €638,241lowers riskFounded in 1990Show the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 43% of its sector peers (NACE 20, small)
Financial strength · tick = 2024
Strong
Solvency 75=
equity 49.5% of total assets
Liquidity 41=
short-term debt 36.7% · cash 6.5%
Profitability 55+4
return on assets -2.3%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (147 companies, NACE 20, small)
Last 24 months 11-2024: 0.9% 12-2024: 0.9%● unchanged vs 11-2024 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.9%● unchanged vs 02-2025 04-2025: 0.9%● unchanged vs 03-2025 05-2025: 0.9%● unchanged vs 04-2025 06-2025: 0.9%● unchanged vs 05-2025 07-2025: 1.1%▲ +0.2 percentage points vs 06-2025 08-2025: 1.5%▲ +0.4 percentage points vs 07-2025highest value 09-2025: 0.2%▼ -1.3 percentage points vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026lowest value 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.3 percentage points vs 07-2026 09-2026: 0.3%▼ -0.2 percentage points vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €410,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.88, compared with 1.82 in 2024, above the usual 1.5; short-term debt: 36.7% and cash: 6.5% of total assets), but 50.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 20, small): better than 51% on solvency, 35% on liquidity, 28% on profitability and 56% on growth.

The bankruptcy probability was computed on 21-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1990
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Size: turnover €18.8m, 36.7 FTE, total assets €9.8m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €223,363 (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.88, cash €638,241
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
4 days late
2023
34 days early
2022
32 days late
2021
6 days early
2020
82 days late
2019
28 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 20 days after the deadline; the sector median (NACE 20) for financial year 2024 is 22 days before the deadline, and 27% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
21-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignation: 5PManagementSolutionsBV (director)Permanent representative: PietDeConinck
  3. Resignation: Koen Buyck (director and managing…Appointment: Threestones BV (director) ·…

Key points

  • Caution: From profit to loss in 2025after €148,059 in 2024 -€223,363 View
  • Caution: Board changedlatest change 03-03-2026 · 3 in office 2 joined · 3 left View
  • Caution: Among the weakest 17% on net resultsector median €461,868 · 318 companies -€223,363 View
  • Controlled by Koramic Chemicalsultimately: NEWPORT INVESTMENTS SA 100% View
  • Merger with RESIPLASTmerger on 05-09-2024 2024 View

By topic

Financials

Financial year
2025
Turnover
€18.8m
Loss
-€223,363
Solvency
49.5%
Turnover▲ 9.8%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Parent
Koramic Chemicals · 100%
Auditor
Boes & Verrue Bedrijfsrevisoren…
  • Stefaan Haspeslagh BVChair
  • Koramic ChemicalsDirector
  • Threestones BVManaging director
Go to Board & ownership

Network & group

Group
NEWPORT INVESTMENTS SA
Connected companies
15
Mergers and asset contributions
1
Go to Network & group

Timeline

Events
50
Since
1991
Next accounts
by 31-07-2027
  1. 10-02-2026Appointment: Stefaan Haspeslagh BV (director)
  2. 31-12-2025Weakest financial year
  3. 10-11-2025Resignation: DBOMS BV (director)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of chemicals and chemical productsNACE 20160
Founded
31-12-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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