CORAF
ActiveCORAF has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €415k and a net result of €31k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 69% of 7331 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+1
Solvency86▲+19
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 2.11 against 1.44 in 2024; short-term debt: 35.5% and cash: 62.3% of total assets), and 38.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.3%
Return on assets
4.6%
Age of the figures
15 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 04-02-2026, 4 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
4 d late
2024
1 d early
2023
72 d early
2022
26 d early
2021
28 d early
2020
24 d early
2019
24 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close17-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€415k▲ 8.2%
2024 · €384k
2019: €452k
2020: €402k
2021: €492k
2022: €524k
2023: €542k
2024: €384k
2019 → 2025
Total assets
€678k▼ 25.3%
2024 · €907k
2019: €782k
2020: €736k
2021: €1.06M
2022: €988k
2023: €873k
2024: €907k
2019 → 2025
Net result
€31k▼ 23.1%
2024 · €41k
2019: €73k
2020: €274
2021: €215k
2022: €32k
2023: €18k
2024: €41k
2019 → 2025
Working capital
€267k▲ 24.5%
2024 · €214k
2019: €397k
2020: €297k
2021: €298k
2022: €294k
2023: €259k
2024: €214k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€492k-€524k▲ 6.5%€542k▲ 3.5%€384k▼ 29.2%€415k▲ 8.2%
Operating result€317k-€53k▼ 83.2%€48k▼ 10.4%€108k▲ 126%€76k▼ 29.7%
Net result€215k-€32k▼ 85.0%€18k▼ 43.4%€41k▲ 125%€31k▼ 23.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 30% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €678k
Fixed assets
€170k▼ 16.1%
Current assets
€508k▼ 27.9%
Equity and liabilities €678k
Equity
€415k▲ 8.2%
Debt
€263k▼ 49.8%
The debt ratio falls from 57.7% to 38.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€117k▼
2024 · €152k
Cash flow
€72k▼
2024 · €85k
Solvency
61.3%▲
2024 · 42.3%
Current ratio
2.11▲
2024 · 1.44
Quick ratio
2.09▲
2024 · 1.43
Debt / equity
0.63▼
2024 · 1.36
ROE
7.6%▼
2024 · 10.6%
ROA
4.6%▲
2024 · 4.5%
Interest coverage
6.27▼
2024 · 8.89
Debt
€263k▼
2024 · €523k
Debt ≤ 1 year
€241k▼
2024 · €490k
Debt > 1 year
€7k▼
2024 · €18k
Income taxes
€30k▼
2024 · €51k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€907k€678k▼
Fixed assets21/28€203k€170k▼
Tangible fixed assets22/27€203k€170k▼
Plant, machinery and equipment23€23k€25k▲
Furniture and vehicles24€94k€71k▼
Other tangible fixed assets26€86k€73k▼
Current assets29/58€704k€508k▼
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€87k€81k▼
Trade receivables40€87k€81k▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€614k€422k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€907k€678k▼
Equity10/15€384k€415k▲
Contributions10/11€70k€70k=
Reserves13€314k€345k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€314k€345k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€523k€263k▼
Amounts payable after more than one year17€18k€7k▼
Financial debts170/4€18k€7k▼
Amounts payable within one year42/48€490k€241k▼
Current portion of amounts payable after more than one year42€11k€12k▲
Financial debts43-€985
Credit institutions430/8-€985
Trade debts44€18k€15k▼
Suppliers440/4€18k€15k▼
Taxes, remuneration and social security45€49k€36k▼
Taxes450/3€49k€36k▼
Other amounts payable47/48€412k€177k▼
Accrued charges and deferred income492/3€15k€15k▼
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€41k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Provisions for liabilities and charges: additions (uses and reversals)635/8€0-
Other operating charges640/8€6k€36k▲
Non-recurring operating charges66A€79k€0▼
Gross operating margin9900€237k€153k▼
Operating profit (loss)9901€108k€76k▼
Financial income75/76B€1k€5k▲
Recurring financial income75€1k€4k▲
Non-recurring financial income76B-€1k
Financial charges65/66B€17k€19k▲
Recurring financial charges65€17k€19k▲
Profit (loss) for the period before taxes9903€92k€62k▼
Income taxes67/77€51k€30k▼
Profit (loss) for the period9904€41k€31k▼
Profit (loss) for the period to be appropriated9905€41k€31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€31k▼
Transfer from equity791/2€199k€0▼
Transfer to equity691/2€41k€31k▼
To other reserves6921€41k€31k▼
Profit to be distributed694/7€199k€0▼
Return on contributions (dividend)694€199k€0▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
04-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 4 days late
2025
30-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
05-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Equity above €500kEq €524k ▲6.5%
4 profitable years in a row build equity to €524k.
03-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €215k ▲78278%
Operating result €317k, net result €215k, both a record.
07-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Weakest financial yearnet €274 ▼99.6%
Net result drops to €274, the lowest in the series; recovery starts the following year.
07-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
15-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Beernem · 1 establishment unit since 2003
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.
Tinhoutstraat 948730 BeernemGround area
1,117 m²
Building footprint
191 m²
Volume, LiDAR
521 m³
2 parcels, Flanders · tallest building 7.8 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Coraf
since 20032.134.827.765
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31021D0132/00E007 | Flanders | 592 m² | 1 · 191 m² | 7.8 m · 1 fl. |
| 43502D0065/00A003 | Flanders | 526 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 156 EUR awarded · 156 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 156 EUR | 156 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,810 companies in sector 41001 we hold annual accounts for 16,041. 9,935 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-12-2003
Fiscal year end30-06
Activities, NACEBEL
41001General construction of residential buildings
68121Development of residential building projects
71113Urban planning and landscape architecture
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.