KORAMIC SOLAR
ActiveSummary
KORAMIC SOLAR has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €472,058 and a net result of €112,898. Equity has been shrinking by about 6.7% per year since 2018. Its solvency ranks better than 81% of 351 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Official details
Source: KBO- Status
- Active since 16-11-2010 Normal situation
- Registered office
- 28 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Production of electricity from non-renewable sources NACE 35110
- Establishment unit
- 2.194.452.081 8500 Kortrijk, since 18-11-2010
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Board and ownership
Board
- Aquarius BVDirector · since 18-12-2017 · permanent representative Jan Heyse
- Edge of Change BVDirector · since 30-05-2025 · permanent representative Pieter Blondeel
- Carl Van den EyndeDirector · since 01-10-2025
Shareholders
- Koramic Real Estate90%2025 annual accounts of Koramic Real Estate
- KORAMIC REAL ESTATE90%2021 annual accounts of KORAMIC REAL ESTATE
- NEWPORT INVESTMENTS SAconsolidatesannual accounts 2025
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- €466,632
- ▲ 11.2%
- Turnover
- ≈ €1.1m
- estimated
- Profit
- €112,898
- ▲ 39.3%
- Equity
- €472,058
- ▲ 31.4%
- Total assets
- €720,125
- ▼ 24.6%
Filed on 02-07-2026, 29 days before the deadline
Score breakdownlowers riskLiquidity: current ratio 2.25, cash €497,312Size: total assets €720,125Equity €472,058 (65.6% of total assets)Founded in 2010Show the evidence
Checked score
Score 2025
97
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 79% of micro companies in electricity, gas and steam (NACE 35)
Financial strength · tick: 2024
Strong
Solvency
91+28
equity 65.6% of total assets
Liquidity
85+4
short-term debt 34.4% · cash 69.1%
Profitability
88+9
return on assets 15.7%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025highest value
07-2025: < 0.1%▼ -0.1 percentage points vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €45,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.25 (1.43 in 2024), above the usual 1.5. Short-term debt is 34.4% and cash 69.1% of total assets. 34.4% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 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 35, micro). It does better than 68% of them on solvency, 80% on liquidity, 86% on profitability and 83% on growth.
The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €472,058
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 days early
2024
51 days early
2023
36 days early
2022
39 days early
2021
16 days late
2020
25 days early
2019
17 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 35), the median for financial year 2024 was 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 26 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Positive: 9th oldest company in Kortrijk, Energy sectorin the Checked rankings No. 9 View
- Positive: 8 profitable years in a rowprofit 2025: €112,898 8 years View
- Positive: Equity rose in 2025from €359,160 to €472,058 ▲ 31.4% View
- Positive: Filed on time since financial year 2022accounts within the deadline every year 4 years View
Recent changes
- · Gazette deed Appointment: Carl Van den Eynde (director)
- · Gazette deed Resignation: Dimitri Van den Bossche (director)Appointment: Edge of Change BV (director) · Permanent representative: Pieter Blondeel
- · Gazette deed Resignation: STERCKX BUSINESS SERVICES BV (director)Permanent representative: Jimmy Sterckx · Appointment: Dimitri Van den Bossche (director)
Companies linked to KORAMIC SOLAR
Shareholders
- Aquarius10%
Comparable companies
These companies have the same main activity as KORAMIC SOLAR: production of electricity from non-renewable sources (NACE 35110). They are comparable in size and age: total assets between €520,000 and €990,000, founded between 2009 and 2011.
| Company | Total assets | Gross margin |
|---|---|---|
| KORAMIC SOLAR Kortrijk | €720,125 | €466,632 |
| EPSILON SOLAR ENERGY Mont-Saint-Guibert | €789,414 | €550,088 |
| ELICIO BERLARE Oostende | €989,864 | €415,495 |
| VARAM ENERGIES Menen | €808,538 | €218,398 |
| NPG GREEN II Tongeren-Borgloon | €918,216 | €280,066 |
| DELTA SOLAR ENERGY Mont-Saint-Guibert | €519,823 | €288,380 |
| Korma Solar Leuven | €631,160 | €235,501 |
Key facts about KORAMIC SOLAR
- What is the company number of KORAMIC SOLAR?
- The company number of KORAMIC SOLAR is 0831.186.169. The VAT number is the same number with BE in front: BE 0831.186.169.
- Where is KORAMIC SOLAR based?
- The registered office is at Kapel ter Bede(Kor) 84, 8500 Kortrijk.Company details
- What does KORAMIC SOLAR do?
- According to the KBO register, the main activity is production of electricity from non-renewable sources (NACE 35110).
- What is the legal form of KORAMIC SOLAR?
- The legal form of KORAMIC SOLAR is Public limited company (NV).
- When was KORAMIC SOLAR founded?
- KORAMIC SOLAR was founded on 16-11-2010.
- Is KORAMIC SOLAR still active?
- Yes, KORAMIC SOLAR is an active enterprise in the KBO register.
- What is the turnover of KORAMIC SOLAR?
- The turnover in financial year 2025 is ≈ €1.1m. This figure is estimated from the gross margin of €466,632 and 2,285 comparable companies of the same size. It probably lies between €660,000 and €1.9m. It is a rough estimate.Financials
- Is KORAMIC SOLAR profitable?
- In financial year 2025, KORAMIC SOLAR made a profit of €112,898.
- Where can I find the annual accounts of KORAMIC SOLAR?
- KORAMIC SOLAR filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KORAMIC SOLAR due?
- KORAMIC SOLAR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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