5TH CORNER
ActiveSummary
5TH CORNER has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €26k and a net result of €6k. Equity is shrinking by ~9.1% per year across the filed fiscal years. Its solvency ranks better than 58% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+80
Solvency66▲+18
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.57 against 1.19 in 2023; short-term debt: 34.3% and cash: 35% of total assets), but 59.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
40.5%
Return on assets
9.4%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
26 d early
2022
31 d early
2021
23 d early
2020
29 d early
2019
42 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€26k▲ 30.0%
2023 · €20k
2018: €48k
2019: €65k▲ +36.1% vs 2018
2020: €74k▲ +13.1% vs 2019highest in 7 years
2021: €72k▼ -2.5% vs 2020
2022: €60k▼ -16.0% vs 2021
2023: €20k▼ -66.3% vs 2022lowest in 7 years
2024: €26k▲ +30.0% vs 2023
2018 → 2024
Total assets
€65k▼ 24.8%
2023 · €87k
2018: €90k
2019: €104k▲ +16.4% vs 2018
2020: €138k▲ +32.5% vs 2019highest in 7 years
2021: €126k▼ -8.8% vs 2020
2022: €110k▼ -12.8% vs 2021
2023: €87k▼ -20.8% vs 2022
2024: €65k▼ -24.8% vs 2023lowest in 7 years
2018 → 2024
Net result
€6k
2023 · €-40k
2018: €45khighest in 7 years
2019: €17k▼ -61.2% vs 2018
2020: €9k▼ -50.7% vs 2019
2021: €-2k▼ -122% vs 2020
2022: €-11k▼ -523% vs 2021
2023: €-40k▼ -249% vs 2022lowest in 7 years
2024: €6k▲ +115% vs 2023
2018 → 2024
Working capital
€35k▲ 250%
2023 · €10k
2018: €36k
2019: €60k▲ +68.0% vs 2018highest in 7 years
2020: €25k▼ -58.4% vs 2019
2021: €43k▲ +74.7% vs 2020
2022: €43k▼ -2.1% vs 2021
2023: €10k▼ -76.4% vs 2022lowest in 7 years
2024: €35k▲ +250% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€74k-€72k▼ 2.5%€60k▼ 16.0%€20k▼ 66.3%€26k▲ 30.0%
2020: €74khighest in 5 years
2021: €72k▼ -2.5% vs 2020
2022: €60k▼ -16.0% vs 2021
2023: €20k▼ -66.3% vs 2022lowest in 5 years
2024: €26k▲ +30.0% vs 2023
Operating result€14k-€2k▼ 84.3%€-10k€-37k▼ 284%€7k
2020: €14khighest in 5 years
2021: €2k▼ -84.3% vs 2020
2022: €-10k▼ -542% vs 2021
2023: €-37k▼ -284% vs 2022lowest in 5 years
2024: €7k▲ +120% vs 2023
Net result€9k-€-2k€-11k▼ 523%€-40k▼ 249%€6k
2020: €9khighest in 5 years
2021: €-2k▼ -122% vs 2020
2022: €-11k▼ -523% vs 2021
2023: €-40k▼ -249% vs 2022lowest in 5 years
2024: €6k▲ +115% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €7k after a loss of €37k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €65k
Fixed assets
€8k ▼ 69.2%
Current assets
€58k ▼ 6.7%
Equity and liabilities €65k
Equity
€26k ▲ 30.0%
Debt
€39k ▼ 41.6%
Debt's share of the balance-sheet total falls from 76.6% to 59.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€25k▲
2023 · €-19k
Cash flow
€23k▲
2023 · €-22k
Current ratio
2.57▲
2023 · 1.19
Debt to equity
1.47▼
2023 · 3.27
ROE
23.1%▲
2023 · -196.9%
ROA
9.4%▲
2023 · -46.1%
Interest coverage
30.23▲
2023 · -9.32
Debt ≤ 1 year
€22k▼
2023 · €52k
Debt > 1 year
€12k▲
2023 · €12k
Income taxes
€801▼
2023 · €863
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 43 lines
Balance sheet
Code20232024
Assets
Total assets20/58€87k€65k▼
Fixed assets21/28€25k€8k▼
Intangible fixed assets21€2k-
Tangible fixed assets22/27€23k€8k▼
Furniture and vehicles24€23k€8k▼
Financial fixed assets28€125-
Current assets29/58€62k€58k▼
Amounts receivable within one year40/41€43k€32k▼
Trade receivables40€38k€29k▼
Other amounts receivable41€5k€4k▼
Cash at bank and in hand54/58€16k€23k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€87k€65k▼
Equity10/15€20k€26k▲
Contributions10/11€20k€20k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€-2k€4k▲
Amounts payable17/49€67k€39k▼
Amounts payable after more than one year17€12k€12k▲
Financial debts170/4€12k€12k▲
Amounts payable within one year42/48€52k€22k▼
Current portion of amounts payable after more than one year42€10k€2k▼
Trade debts44€39k€10k▼
Suppliers440/4€39k€10k▼
Taxes, remuneration and social security45€438€89▼
Taxes450/3€438€89▼
Other amounts payable47/48€3k€11k▲
Accrued charges and deferred income492/3€3k€4k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€17k▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€-18k€26k▲
Operating profit (loss)9901€-37k€7k▲
Financial income75/76B-€372
Recurring financial income75-€372
Financial charges65/66B€2k€818▼
Recurring financial charges65€2k€818▼
Profit (loss) for the period before taxes9903€-39k€7k▲
Income taxes67/77€863€801▼
Profit (loss) for the period9904€-40k€6k▲
Profit (loss) for the period to be appropriated9905€-40k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€4k▲
Profit (loss) brought forward from the previous period14P€38k€-2k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €22k | €20k | €18k | €17k | ▼ 2.1% |
| Other operating charges640/8 | - | €3k | €1k | €1k | €1k | ▲ 6.9% |
| Gross operating margin9900 | €30k | €28k | €11k | €-18k | €26k | ▲ 243% |
| Operating profit (loss)9901 | €14k | €2k | €-10k | €-37k | €7k | ▲ 120% |
| Financial income75/76B | - | €2 | €4 | - | €372 | - |
| Recurring financial income75 | €67 | €2 | €4 | - | €372 | - |
| Financial charges65/66B | - | €920 | €876 | €2k | €818 | ▼ 60.7% |
| Recurring financial charges65 | €820 | €920 | €876 | €2k | €818 | ▼ 60.7% |
| Profit (loss) for the period before taxes9903 | €13k | €1k | €-11k | €-39k | €7k | ▲ 118% |
| Income taxes67/77 | €5k | €3k | €924 | €863 | €801 | ▼ 7.1% |
| Profit (loss) for the period9904 | €9k | €-2k | €-11k | €-40k | €6k | ▲ 115% |
| Profit (loss) for the period to be appropriated9905 | €9k | €-2k | €-11k | €-40k | €6k | ▲ 115% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €138k | €126k | €110k | €87k | €65k | ▼ 24.8% |
| Fixed assets21/28 | €81k | €63k | €43k | €25k | €8k | ▼ 69.2% |
| Intangible fixed assets21 | €7k | €5k | €4k | €2k | - | - |
| Tangible fixed assets22/27 | €74k | €57k | €39k | €23k | €8k | ▼ 66.7% |
| Plant, machinery and equipment23 | - | €789 | - | - | - | - |
| Furniture and vehicles24 | - | €56k | €39k | €23k | €8k | ▼ 66.7% |
| Financial fixed assets28 | €125 | €125 | €125 | €125 | - | - |
| Current assets29/58 | €57k | €63k | €67k | €62k | €58k | ▼ 6.7% |
| Amounts receivable within one year40/41 | €12k | €26k | €37k | €43k | €32k | ▼ 25.2% |
| Trade receivables40 | - | €25k | €33k | €38k | €29k | ▼ 25.3% |
| Other amounts receivable41 | - | €888 | €4k | €5k | €4k | ▼ 23.7% |
| Cash at bank and in hand54/58 | €37k | €34k | €26k | €16k | €23k | ▲ 46.3% |
| Deferred charges and accrued income490/1 | - | €4k | €4k | €3k | €3k | ▼ 16.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €138k | €126k | €110k | €87k | €65k | ▼ 24.8% |
| Equity10/15 | €74k | €72k | €60k | €20k | €26k | ▲ 30.0% |
| Contributions10/11 | - | €20k | €20k | €20k | €20k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €52k | €50k | €38k | €-2k | €4k | ▲ 372% |
| Amounts payable17/49 | €64k | €54k | €49k | €67k | €39k | ▼ 41.6% |
| Amounts payable after more than one year17 | €30k | €31k | €21k | €12k | €12k | ▲ 3.3% |
| Financial debts170/4 | - | €31k | €21k | €12k | €12k | ▲ 3.3% |
| Amounts payable within one year42/48 | €32k | €20k | €24k | €52k | €22k | ▼ 56.6% |
| Current portion of amounts payable after more than one year42 | - | €9k | €10k | €10k | €2k | ▼ 83.2% |
| Trade debts44 | €10k | €5k | €11k | €39k | €10k | ▼ 75.3% |
| Suppliers440/4 | - | €5k | €11k | €39k | €10k | ▼ 75.3% |
| Taxes, remuneration and social security45 | - | €3k | €511 | €438 | €89 | ▼ 79.6% |
| Taxes450/3 | - | €3k | €511 | €438 | €89 | ▼ 79.6% |
| Other amounts payable47/48 | - | €3k | €3k | €3k | €11k | ▲ 275% |
| Accrued charges and deferred income492/3 | - | €3k | €4k | €3k | €4k | ▲ 34.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9k | €-2k | €-11k | €-40k | €6k | ▲ 115% |
| + Depreciation and write-downs630 | €13k | €22k | €20k | €18k | €17k | ▼ 2.1% |
| Operating cash flow (approximation) | €21k | €20k | €8k | €-22k | €23k | ▲ 205% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €0 | €125 | - |
| Change in cash | - | €-3k | €-8k | €-10k | €7k | ▲ 169% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €6k
Net result €6k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 2.57
Current ratio from 1.19 to 2.57; short-term debt falls from €52k to €22k.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €-40k
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2014
Ground area
46 m²
Building footprint
44 m²
Volume, LiDAR
676 m³
Parcel 21809K1207/00M000, Brussels · tallest building 17.1 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
5TH CORNER
since 20142.237.565.514
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21809K1207/00M000 | Brussels | 46 m² | 1 · 44 m² | 17.1 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 4,245 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded03-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
68322Real estate appraisal on a fee or contract basis
81100Combined facilities support activities
Scores and ratios are computed by Checked and are not a credit decision.