Corada · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Corada is 0.4% (very low). The 2023 annual accounts show equity of €59k and a net result of €-23k. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 25% of 10129 sector peers (fiscal year 2023). The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.4% Very low

0%0,5%1,5%4%10%≥25%

Lower-failure-rate sector −Annual accounts: weaker financial profile +Long track record −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

Insufficient current data: the most recent filed accounts (financial year 2023) are too old to derive current signals.

Filing behaviour

From the deposit records, complete market-wide

Annual accounts not filed

The financial year that closed on 30-06-2024 was due at the National Bank by 31-01-2025. Nothing is on record today, 577 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.

Latest accounts filed on time

The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 31-01-2024, 0 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.

How we compute the deadline

The year end is derived from 8 filed financial years, each closing on 30-06. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 30-06-2023, that is 31-01-2024.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
30-06-2025	31-01-2026	nothing on record	not filed	-
30-06-2024	31-01-2025	nothing on record	not filed	-
30-06-2023	31-01-2024	31-01-2024	on the day	2024-00024876
30-06-2022	31-01-2023	31-01-2023	on the day	2023-00022487
30-06-2021	31-01-2022	31-01-2022	on the day	2022-04900365
30-06-2020	31-01-2021	28-06-2021	148 d late	2021-26500197
30-06-2019	31-01-2020	28-02-2020	28 d late	2020-06000378
30-06-2018	31-01-2019	04-01-2019	27 d early	2019-00600515
30-06-2017	31-01-2018	30-01-2018	1 d early	2018-03600099
30-06-2016	31-01-2017	31-01-2017	on the day	2017-03500033

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Established

Founded in 2015, 11 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-23k-524.7%

Working capital€65k-40.3%

CSV export

Annual accounts & ratios

Source: NBB · 2023

Annual accounts filed on 31-01-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Gross margin: declining trend of ~80%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2023 · NACE 70, Head offices & management consulting · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	29.3%	58.5%	better than 25% of 10129 sector peers
Net result	€-23k	€27k	better than 5% of 10123 sector peers
Equity	€59k	€52k	better than 54% of 10136 sector peers
Gross operating margin	€-16k	€46k	better than 5% of 10109 sector peers
Total assets	€201k	€107k	better than 72% of 10129 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P25

Stable position over 2020-2023 · n=1438-10129

Net result P5

Weakening position over 2020-2023 · n=1438-10123

Equity P54

Stable position over 2020-2023 · n=1441-10136

Gross operating margin P5

Weakening position over 2020-2023 · n=1436-10109

Describes the position versus peers, not a forecast.

EBITDA

€-17k

- 19-23

Net profit

€-23k

-524.7% 19-23

Cash flow

€-19k

- 19-23

Total assets

€201k

-33.7% 19-23

Equity

€59k

-27.8% 19-23

Working capital

€65k

-40.3% 19-23

Income taxes

€0

-100.0% 19-23

Debt

€142k

-35.9% 19-23

Show 9 other metrics

Debt ≤ 1y

€82k

-39.8% 19-23

Debt > 1y

€48k

-11.1% 19-23

Current ratio

1.79

-0.4% 19-23

Quick ratio

1.79

-0.4% 19-23

Solvency

29.3%

+8.9% 19-23

Debt / equity

2.41

-11.2% 19-23

ROE

-38.5%

-765.1% 19-23

ROA

-11.3%

-842.4% 19-23

Interest coverage

-10.00

- 19-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€-17k
Net profit	€-23k
Cash flow	€-19k
Staff costs	-
Income taxes	€0
Dividends	-
Total assets	€201k
Equity	€59k
Debt	€142k
of which ≤ 1y	€82k
of which > 1y	€48k
Working capital	€65k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	1.79
Quick ratio	1.79
Working capital ratio	32.2%
Solvency	29.3%
Debt / equity	2.41
Long-term debt ratio	0.81
Interest coverage	-10.00
Gross margin	-
Net margin	-
ROA	-11.3%
ROE	-38.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €54k · 26.9% Current assets €147k · 73.2%

Equity & liabilities

Equity €59k · 29.3% Debt €142k · 70.7%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€201k
Fixed assets	21/28	€54k
Tangible fixed assets	22/27	€54k
Current assets	29/58	€147k
Amounts receivable within one year	40/41	€23k
Cash & bank	54/58	€124k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€201k
Equity	10/15	€59k
Contributions / capital	10/11	€6k
Reserves	13	€53k
Amounts payable	17/49	€142k
Amounts payable after one year	17	€48k
Amounts payable within one year	42/48	€82k
Trade debts payable within one year	44	€6k
Income statement
Gross operating margin	9900	€-16k
Operating result	9901	€-21k
Financial income	75	€299
Financial charges	65	€2k
Result before taxes	9903	€-23k
Income taxes	67/77	€0
Net result for the period	9904	€-23k
Result to be appropriated	9905	€-23k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2023 · computed

42 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Hoveniersstraat 532018 Antwerpen

Establishment units

1 location

Corada

Hoveniersstraat 53, 2018 AntwerpenOverige dienstverlenende activiteiten op het gebied van informatie, n.e. g.

since 20152.239.033.677

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area1,776 m²

Buildings1

Building footprint2,191 m²

Volume (LiDAR)69,494 m³

Tallest building48.3 m · ±14 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11808H1183/00Z002	Flanders	1,776 m²	1 · 2,191 m²	48.3 m · 14 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

0 of 5 acts read

We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Financial profile

5 of 5 axes measured

51 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 42

Profitability 0

Solvency 63

Growth 52

Stability 100

Credit advice

verdict per customer and amount

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We hold annual accounts for 15,459 of the 82,200 companies in this sector. 12,746 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220

Primary activity highlighted.

Names & trade names

Legal nameNL

Corada

Registered office

Hoveniersstraat 53

2018 Antwerpen, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.