BE CORRECT
ActiveSummary
The computed 12-month bankruptcy probability of BE CORRECT is 10.5% (high). For BE CORRECT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €15,172 and a net result of -€2,075. Equity is shrinking by ~23.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. The company has been active since 2003 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 3 administrative register entries (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability4▲+4
Solvency100=
Growth32=
Track record76
Bankruptcy probability, 12 months
10.5%
High
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
84.6%
Return on assets
-11.6%
Age of the figures
33 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
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline29-09-2026 today
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-08-2024, 31 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
31 d late
2022
33 d early
2021
11 d early
2020
82 d early
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 5 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
3 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
UBO non-complianceAddress struckAddress strikeout annulled
History
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Financials · fiscal year 2023, micro schema
Equity
€15,172▼ 12.0%
2022 · €17,247
Total assets
€17,924▲ 2.0%
2022 · €17,579
Net result
-€2,075▲ 88.0%
2022 · -€17,281
Working capital
€15,172▼ 1.9%
2022 · €15,472
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€38,975▲ 63.6%€4,718▼ 87.9%-€11,925-€4,514▲ 62.1%-€1,884▲ 58.3%
Net result€18,357▲ 33.1%-€4,279-€11,114▼ 160%-€17,281▼ 55.5%-€2,075▲ 88.0%
Equity€49,921▲ 58.2%€45,642▼ 8.6%€34,528▼ 24.4%€17,247▼ 50.0%€15,172▼ 12.0%
Total assets€164,365▲ 1.9%€102,505▼ 37.6%€40,094▼ 60.9%€17,579▼ 56.2%€17,924▲ 2.0%
Debt€114,444▼ 11.8%€56,863▼ 50.3%€5,566▼ 90.2%€332▼ 94.0%€2,752▲ 729%
Working capital€48,933▲ 55.0%€44,304▼ 9.5%€32,915▼ 25.7%€15,472▼ 53.0%€15,172▼ 1.9%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,884 in 2023 against €4,514 in 2022; the loss shrinks.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Equity and liabilities €17,924
Equity
€15,172 ▼ 12.0%
Debt
€2,752 ▲ 729%
Debt's share of the balance-sheet total rises from 1.9% to 15.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€109▲
2022 · -€2,559
Cash flow
-€300▲
2022 · -€15,326
Current ratio
6.51▼
2022 · 47.60
Debt to equity
0.18▲
2022 · 0.02
ROE
-13.7%▲
2022 · -100.2%
ROA
-11.6%▲
2022 · -98.3%
Interest coverage
-0.57▼
2022 · -0.20
Debt ≤ 1 year
€2,752▲
2022 · €332
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,775 | €1,954 | €1,954 | €1,955 | €1,775 | ▼ 9.2% |
| Other operating charges640/8 | - | - | €501 | €450 | €109 | ▼ 75.8% |
| Gross operating margin9900 | €41,098 | €7,451 | -€9,470 | -€2,109 | - | - |
| Operating profit (loss)9901 | €38,975 | €4,718 | -€11,925 | -€4,514 | -€1,884 | ▲ 58.3% |
| Financial income75/76B | - | - | €1,365 | - | - | - |
| Recurring financial income75 | - | - | €1,365 | - | - | - |
| Non-recurring financial income76B | - | - | €0 | - | - | - |
| Financial charges65/66B | - | - | €461 | €12,767 | €191 | ▼ 98.5% |
| Recurring financial charges65 | €12,987 | €8,910 | €461 | €12,767 | €191 | ▼ 98.5% |
| Profit (loss) for the period before taxes9903 | €25,988 | -€4,071 | -€11,021 | -€17,281 | -€2,075 | ▲ 88.0% |
| Income taxes67/77 | €7,631 | €208 | €93 | - | - | - |
| Profit (loss) for the period9904 | €18,357 | -€4,279 | -€11,114 | -€17,281 | -€2,075 | ▲ 88.0% |
| Profit (loss) for the period to be appropriated9905 | €18,357 | -€4,279 | -€11,114 | -€17,281 | -€2,075 | ▲ 88.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €164,365 | €102,505 | €40,094 | €17,579 | €17,924 | ▲ 2.0% |
| Fixed assets21/28 | €7,102 | €5,684 | €3,730 | €1,775 | - | - |
| Tangible fixed assets22/27 | €7,102 | €5,684 | €3,730 | €1,775 | - | - |
| Furniture and vehicles24 | - | - | €3,730 | €1,775 | - | - |
| Current assets29/58 | €157,263 | €96,821 | €36,364 | €15,804 | €17,924 | ▲ 13.4% |
| Amounts receivable within one year40/41 | €30,665 | €33,409 | €644 | - | - | - |
| Trade receivables40 | - | - | €644 | - | - | - |
| Cash at bank and in hand54/58 | €126,598 | €63,412 | €35,720 | €15,804 | €17,924 | ▲ 13.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €164,365 | €102,505 | €40,094 | €17,579 | €17,924 | ▲ 2.0% |
| Equity10/15 | €49,921 | €45,642 | €34,528 | €17,247 | €15,172 | ▼ 12.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | - | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | €31,321 | €27,042 | €15,928 | -€1,353 | -€3,428 | ▼ 153% |
| Amounts payable17/49 | €114,444 | €56,863 | €5,566 | €332 | €2,752 | ▲ 729% |
| Amounts payable after more than one year17 | €6,114 | €4,346 | €2,117 | - | - | - |
| Financial debts170/4 | - | - | €2,117 | - | - | - |
| Amounts payable within one year42/48 | €108,330 | €52,517 | €3,449 | €332 | €2,752 | ▲ 729% |
| Current portion of amounts payable after more than one year42 | - | - | €2,229 | - | - | - |
| Trade debts44 | €100,744 | €46,112 | €13 | €332 | - | - |
| Suppliers440/4 | - | - | €13 | €332 | - | - |
| Other amounts payable47/48 | - | - | €1,207 | - | €2,752 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,357 | -€4,279 | -€11,114 | -€17,281 | -€2,075 | ▲ 88.0% |
| + Depreciation and write-downs630 | €1,775 | €1,954 | €1,954 | €1,955 | €1,775 | ▼ 9.2% |
| Operating cash flow (approximation) | €20,132 | -€2,325 | -€9,160 | -€15,326 | -€300 | ▲ 98.0% |
| Investment in fixed assets (approximation) | - | -€536 | €0 | €0 | - | - |
| Change in cash | - | -€63,186 | -€27,692 | -€19,916 | €2,120 | ▲ 111% |
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
2026
08-01
KBO administration
Address struck
event 02-05-2025
2025
25-07
KBO administration
Address strikeout annulled
07-03
KBO administration
UBO non-compliance
event 24-02-2025
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Weakest financial yearnet -€17,281
Net result drops to -€17,281, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 47.60
Current ratio from 10.54 to 47.60; short-term debt falls from €3,449 to €332.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Liquidity times 6current ratio 10.54
Current ratio from 1.84 to 10.54; short-term debt falls from €52,517 to €3,449.
10-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial
Highest result since 2018net €18,357 ▲33.1%
Operating result €38,975, net result €18,357, both a record.
Show earlier events
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 28 days late
2018
14-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 14 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
2016
16-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
26-08
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema · 26 days late
SignalFinancial 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, Geel · 1 establishment unit since 2003
Ground area
409 m²
Building footprint
77 m²
Volume, LiDAR
555 m³
Parcel 13375N0500/00V000, Flanders · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BE CORRECT BVBA
since 20032.134.228.741
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13375N0500/00V000 | Flanders | 409 m² | 1 · 77 m² | 10.3 m · 3 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.
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded03-11-2003
Fiscal year end31-12
Contact
E-mail
be-correct@skynet.be
Phone
0475/754329
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.