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CORAIL ENGINEERING

Active Private limited company (pre-2019)founded 2018active for 8 yearsRue des Guillemins 139, 4000 LiègeKBO/BCE: BE 0694.875.732

Overview

Lifetime

8 annual accounts with figures on one time axis
peak €363,567 (2025)
€363,567▲ 1.3%
peak €202,115 (2024)
€168,429▼ 16.7%
peak €853,261 (2024)
€426,199▼ 50.1%
€615,300▲ 202%
Board4 names since 2019
2 directorsSBOUI Mohamed and 1 other
Documentsfilings and deeds
27-08-202627 days late
2025micro format
Dividend €595,491Equity from €853,261 to €426,199Debts from €203,644 to €615,300Investments €3,574

Key points

from the 2025 annual accounts

Equity

€426,199 ▼ 50.1%
853,2612024+168,429Profit-595,491Dividend426,1992025

CORAIL ENGINEERING paid out €595,491 in dividends. That is 354% of the 2025 profit.

Debts

€615,300 ▲ 202%
Other debts
+226,982
Taxes and wages
+87,019
Suppliers
+59,379
The rest
+38,276

Debts rose by €411,656 in 2025. A dividend stands under other debts on the balance sheet date until it is paid.

Investments

€3,574 4.3 × depreciation
20242025

Green is investment, beige is depreciation.

Liquidity

1.69 was 5.18 in 2024

Short-term debts rose from €203,644 to €615,300.

Filings

8 annual accounts 8 late
AprilJune31 JulyOctober20202025

The 2019 accounts came latest: 181 days after the end of the period.

Checked score

93
Excellent
Financially stronger than 43% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 48,570 companies (NACE 70, micro).

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 12-2024lowest value 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 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: 0.1%▲ +0.1 percentage points vs 08-2025 10-2025: 0.2%▲ +0.1 percentage points vs 09-2025highest value 11-2025: < 0.1%▼ -0.2 percentage points 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%▲ +0.1 percentage points vs 07-2026 09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026

Financial strength
Strong

66-34equity 40.9% of total assets
69-25short-term debt 59.1% · cash 75.8%
89-4return on assets 16.2%

Score breakdown

raises risk
Last filed accounts filed 27 days late; 1 of the last 3 accounts late
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €1.0m
Liquidity: current ratio 1.69, cash €789,163
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 70, micro). It does better than 39% of them on solvency, 62% on liquidity, 58% on profitability and 13% on growth.

The bankruptcy probability was computed on 08-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 6,782 companies had the same profile as CORAIL ENGINEERING has now. Each dot stands for 17 companies, two years later.

96.7%
were still trading
2.7%
stopped another way
0.6%
went bankrupt
  • Small
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

That fits the bankruptcy probability of CORAIL ENGINEERING itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 6,782 companies, not a prediction for CORAIL ENGINEERING. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €35,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 1.69 (5.18 in 2024), above the usual 1.5. Short-term debt is 59.1% and cash 75.8% of total assets. However, 59.1% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises risk
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Size: total assets €1.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.69, cash €789,163
NBB · annual accounts
raises risk · Last filed accounts filed 27 days late; 1 of the last 3 accounts late
NBB · filings
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 8 filings
Deviation from the deadline
2025
27 days late
2024
90 days late
2023
30 days late
2022
18 days late
2021
92 days late
2020
96 days late
2019
181 days late
← 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 76 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 31 August (4 of the last 5 accounts filed within 59 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

SM
Manager
AH
Amine HACHLAF
Manager
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0694875732
Registered office moved within Liège New registered office: rue des Gulllemins 139 à 4000 LIEGE · Previous registered office: Place des Guiltemins 2 bte 18 4000 LIEGE · General meeting of 01-03-2021 · Gazette deed
Appointment: SBOUI Mohamed (manager) General meeting of 30-04-2019 · Gazette deed
Resignation: ROUIS Hela (director) Appointment: SBOUl Mohamed (director) · General meeting of 03-04-2019 · Gazette deed
All 18 events

Comparable companies

same main activity, similar in size and age
Company
CORAIL ENGINEERING Liège €1.0m €363,567 40.9% -
VC CONSULTANCE Tinlot €1.0m €339,777 51.2% -
BB PARTNER Esneux €1.1m €309,356 0.2% -
Eric Thissen Welkenraedt €1.2m €327,973 73.0% 0
BE BLUE Auderghem €1.0m €352,983 13.0% -
A. de Jongh Management Brasschaat €1.1m €363,698 37.6% -
ROCOCON Leuven €1.0m €345,091 31.3% -

These companies have the same main activity as CORAIL ENGINEERING: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €1m and €1.2m, founded between 2017 and 2018.

Official details

Source: KBO
Status
Active since 18-04-2018Normal situation
Registered office
142 active companies are registered at this address16 started in the 12 months before. Source: KBO register, as of 9 November 2026.
Activity
Business and other management consultancyNACE 70200and 1 other
Establishment unit
2.279.847.3194000 Liège, since 18-04-2018
Financial year end
31 December
Peppol
Reachable since 30-12-2025
Company details

Annual accounts 2025

€363,567▲ 1.3%
≈ €520,000estimated
€168,429▼ 16.7%
€426,199▼ 50.1%
€1.0m▼ 1.5%
≈ 1.6 FTEestimated
Filing
Filed on 27-08-2026
Financials

Insights on CORAIL ENGINEERING

CORAIL ENGINEERING files the micro format. That format states no turnover. The gross margin rose from €76,624 in 2018 to €363,567 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 27-08-2026, 27 days late
€363,567
▲ 1.3%
€243,731
▼ 18.2%
€244,568
▼ 17.9%
€169,267
▼ 16.3%
40.9%
▼ 39.8 percentage points
1.69
▼ 3.50

Money flows

no detail for 2025

Balance sheet

balance sheet total €1.0m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

40.9%

Higher than 38% of 39,360 companies in 2025.

1.69

Higher than 43% of 38,044 companies in 2025.

16.2%

Higher than 53% of 38,516 companies in 2025.

CORAIL ENGINEERING Middle half of the sector 80% of the sector Micro accounts in head offices and management consultancy (NACE 70)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter

Staff

Staff costs divided by the average number of full-time equivalents.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018
Balance sheet: assets
20/58 1.0m1.1m865,608663,433463,447366,076170,74188,869
20 ----0000
21/28 4,3621,626415415209209209209
22/27 3,9471,211------
24 3,9471,211------
28 415415415415209209209209
29/58 1.0m1.1m865,193663,018463,238365,867170,53288,660
40/41 246,864159,19562,91445,75755,32054,00369,05049,017
40 244,898151,84451,20134,04555,23354,00369,05048,424
41 1,9667,35211,71211,7128700593
54/58 789,163896,083802,280617,261407,918311,864101,06439,434
490/1 1,109----0418209
Balance sheet: equity and liabilities
10/49 1.0m1.1m865,608663,433463,447366,076170,74188,869
10/15 426,199853,261651,147451,958324,512259,153117,29562,436
10/11 18,60018,60018,6009,5009,5009,5009,5009,500
10 -18,60018,6009,5009,500---
100 -18,60018,60018,60018,60018,60018,60018,600
101 ---9,1009,1009,1009,1009,100
13 407,599834,661632,547442,458315,012249,653107,79552,936
133 407,599834,661632,547442,458315,012249,653107,79552,936
17/49 615,300203,644214,462211,474138,935106,92353,44626,433
42/48 615,300203,644214,462211,474138,935106,92353,44626,433
42 ----29---
44 139,89880,51923,95328,09722,7396,88722,35690
440/4 139,89880,51923,95328,09722,7396,88722,35690
46 38,276-------
45 209,662122,643159,012151,88184,670100,03731,09026,343
450/3 209,66285,724159,012107,77956,920100,01728,09026,343
454/9 -36,919-44,10227,750193,000-
47/48 227,46448231,49731,49731,497--0
Income statement
70 -----318,035271,29798,933
9900 363,567358,917251,682172,222187,721196,68372,66176,624
60/61 -----128,162199,89125,568
62 117,53260,898------
630 83875-----1,452
640/8 1,466-604348220---
66A ----2,560---
9901 243,731297,944251,078171,874184,941196,68372,66175,172
75/76B 0-2425011-
75 0-2425011-
65/66B 4,5792,9611,2292,67634,1702,7496717
65 4,5792,9611,2292,67634,1702,7496717
9903 239,151294,983249,873169,223150,772193,93471,99275,165
67/77 70,72392,86859,78541,77648,35852,07717,13222,229
9904 168,429202,115190,088127,446102,414141,85854,85952,936
9905 168,429202,115190,088127,446102,414141,85854,85952,936
Appropriation of the result
9906 168,429202,115190,088127,446102,414141,85854,85952,936
791/2 595,491-------
691/2 168,429202,115190,088127,44665,359141,85854,85952,936
6920 ----65,359111,85854,85952,936
6921 168,429202,115190,088127,446-30,000--
694/7 595,491---37,055---
694 595,491---37,055---
Social balance sheet
9087 -1------
Hours worked1013 -1,736------
Document PDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 27-08-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 27 days after the deadline. Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00495633.

Financial year Type Filed Reference Document
31-12-2025 micro format 27-08-2026 2026-00495633 PDF
31-12-2024 micro format 29-10-2025 2025-00552667 PDF
31-12-2023 micro format 30-08-2024 2024-00448566 PDF
31-12-2022 micro format 18-08-2023 2023-00343455 PDF
31-12-2021 micro format 31-10-2022 2022-20478512 PDF
31-12-2020 micro format 04-11-2021 2021-76500250 PDF
31-12-2019 micro format 28-01-2021 2021-02700348 PDF
31-12-2018 full format 27-08-2019 2019-55700515 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018
244,568298,019-----76,624
169,267202,190-----54,388
3,5741,286-206---209
-106,92093,804185,019209,34396,054210,80061,630-
421,836851,635650,732451,543324,303258,944117,08662,227
-----61.8%26.8%76.0%
40.9%80.7%75.2%68.1%70.0%70.8%68.7%70.3%
1.695.184.033.143.333.423.193.35
1.440.240.330.470.430.410.460.42
39.5%23.7%29.2%28.2%31.6%54.7%46.8%84.8%
16.2%19.1%22.0%19.2%22.1%38.8%32.1%59.6%
53.41over 100------
-----62 days93 days179 days
-----20 days41 days1 day

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item31-12-2024
Employees at the balance-sheet date1
full-time1
in full-time equivalents1
1
On a permanent contract1

Source: social balance sheet in the 2024 annual accounts

Investments

fixed assets acquired
Item20252024202320222021
Tangible fixed assets€3,574€1,286---
Financial fixed assets---€206-
€838€75---

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Public contracts

1 award · 2024
E-Market 712 - System Engineer Signalling, rail & automation: 0000759708_DMU_Q - 1
buyer: Infrabel nvIT servicesawarded 19-06-2024€963,0002 tendersTED 427599-2024

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Insights on CORAIL ENGINEERING

The operating result for 2025 is 18% lower than in 2024 and the lowest since 2022.

Debt's share of the balance-sheet total rises from 19.3% to 59.1%. Equity is lower and debt is higher.

Board & ownership

Board

2 directors, last change in 2019
Manager
appointed by deed of 30-08-2019
listed in the 2025 annual accounts, filed on 27-08-2026
Amine HACHLAF
Manager
in office according to the deed of 23-05-2019
listed in the 2025 annual accounts, filed on 27-08-2026

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today
Amine HACHLAF
Manager
BoardEarliermandate already running before its first mentionend not dated
Mandates as a list
  • SBOUI Mohamed
    • Manager, appointed by deed of 30-08-2019, still in office
  • Amine HACHLAF
    • Manager, since before 23-05-2019
  • ROUIS Hela
    • Board, until 23-05-2019
  • SBOUl Mohamed
    • Board, appointed by deed of 23-05-2019, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Control

Capital

Contribution
€18,600
Source
2025 annual accounts

Articles of association

deed of 30-08-2019 (in French)
Board ruleThese rules set how the board is made up, meets and takes decisions.
2 directors
“Gérant, 03-04-2019”

Network & group

No group

CORAIL ENGINEERING has no parent and no holdings in its annual accounts. CORAIL ENGINEERING shares no director with another company.

At the same address

Rue des Guillemins 139, 4000 Liège · 141 other companies
MILE HOLDING
registered office since 24-11-2011 · founded in 2011
total assets €192.3m (2025)
0841.294.262
BELGO LEO HOLDING
registered office since 28-03-2006 · founded in 2006
total assets €174.2m (2025)
0879.149.602
ARDENT INVEST
registered office since 28-07-2019 · founded in 2018
10 FTE (2025)
0700.472.731
LIEGE OFFICE CENTER
registered office since 01-11-2017 · founded in 2017
total assets €27.4m (2025)
0681.869.121
REGUS BELGIUM
establishment since 01-10-2020 · founded in 1989 · group REGUS BUSINESS CENTRE · accounts filed late
turnover €14.6m (2024)
0437.822.267
ARDENT REAL ESTATE
registered office since 18-12-2018 · founded in 2018 · group ARDENT INVEST
total assets €27.1m (2025)
0715.934.234
INTERMEDIANCE & PARTNERS
establishment since 01-01-2022 · founded in 2010
26 FTE (2025)
0824.846.527
ARDENT HOME
registered office since 10-08-2018 · founded in 2018 · negative equity (2025) · group ARDENT INVEST
total assets €19.2m (2025)
0700.800.947
Aprico Consultants
establishment since 12-01-2026 · founded in 2008 · group YUMA
31 FTE (2025)
0897.686.104
IMMO CIRCUS WALLONIE
registered office since 27-05-1998 · founded in 1998 · group ARDENT INVEST
total assets €12.9m (2025)
0462.813.625
and 131 more

Timeline

Timeline

18 events since 2018

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBmicro format · 27 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0694875732
Annual accounts 2024 filed PDFmicro format · 90 days late
2024
Highest result from 2018 to 2025 net €202,115 ▲6.3% The operating result of €297,944 and the net result of €202,115 are both a record.
Annual accounts 2023 filed PDFmicro format · 30 days late
2023
Equity above €500,000 equity €651,147 ▲44.1% With a profit in every financial year since 2018, equity grows to €651,147.
Annual accounts 2022 filed PDFmicro format · 18 days late
2022
Annual accounts 2021 filed PDFmicro format · 92 days late
2021
Annual accounts 2020 filed PDFmicro format · 96 days late
Registered office moved within LiègeNew registered office: rue des Gulllemins 139 à 4000 LIEGE · Previous registered office: Place des Guiltemins 2 bte 18 4000 LIEGE · General meeting of 01-03-20212 points ▸
  • General meeting, 01-03-2021
  • Registered-office move, rue des Gulllemins 139 à 4000 LIEGE

Open the deed in the Belgian Official Gazette

Annual accounts 2019 filed PDFmicro format · 181 days late
2020
Equity above €200,000 equity €259,153 ▲121% With a profit in every financial year since 2018, equity grows to €259,153.
2019
Equity above €100,000 equity €117,295 ▲87.9% With a profit in every financial year since 2018, equity grows to €117,295.
Appointment: SBOUI Mohamed (manager)General meeting of 30-04-20193 points ▸
  • General meeting, 30-04-2019
  • Director appointment, SBOUI Mohamed (manager)
  • Board composition, HACHLAF Amine (manager)

Open the deed in the Belgian Official Gazette

Annual accounts 2018 filed PDFfull format · 27 days late
Resignation: ROUIS Hela (director)Appointment: SBOUl Mohamed (director) · General meeting of 03-04-20193 points ▸

Open the deed in the Belgian Official Gazette

2018
Incorporation PDFpublished on 20-04-2018
First establishment Rue des Guillemins 139, Liège

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

CORAIL ENGINEERING was incorporated on 18 April 2018.1 The registered office was moved to Liège in 2021.2 Turnover grew from €98,933 in 2018 to €318,035 in 2020.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 11-05-2021
  3. 3National Bank, annual accounts 2018 and 2020

Company details

Identity

Enterprise number
0694.875.732
VAT number
BE 0694.875.732
Peppol ID
0208:0694875732
Legal form
Private limited company (pre-2019)
Status
Active, normal situation
Founded
18-04-2018
Financial year
ends on 31 December
Peppol
Reachable since 30-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
CORAIL ENGINEERING in French
Entity type
Legal entity

Activities

NACEBEL 2025
VAT activities
Social security (RSZ) activities
Codes under NACEBEL 2008
VAT activities
70220 Business consulting main activity
Social security (RSZ) activities
71121 Engineering activities main activity

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue des Guillemins 139 registered office 4000 Liège 18-04-2018 2.279.847.319

Buildings and parcels at the address

Ground area
4,768 m²

Location

registered office establishment The establishment unit on the map
142 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
62814C0393/00V0024,768 m² - -

Contact

E-mail a.hachlaf@corail-engineering.com establishment in Liège
Phone +32 488 23 34 61 establishment in Liège