CORAL PROJECT
ActiveThe computed 12-month bankruptcy probability of CORAL PROJECT is 3.9% (moderate). The 2024 annual accounts show negative equity (€-13k) and a net result of €-24k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 7446 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
14
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-7
Solvency13▼-27
Growth32=
Track record100
Bankruptcy probability, 12 months
3.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.89 against 1.13 in 2023; short-term debt: 108.4% and cash: 0% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
-12.5%
Return on assets
-22.4%
Age of the figures
24 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
2021222324
2020 to 2024 · latest year €-13k
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 145 days later.
NBB · 5 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 16-04-2025, 14 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not filed
2024
14 d early
2023
on the day
2022
4 d late
2021
33 d early
2020
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€-13k
2023 · €11k
2020: €14k
2021: €15k
2022: €19k
2023: €11k
2020 → 2024
Total assets
€107k▲ 52.3%
2023 · €70k
2020: €667k
2021: €23k
2022: €50k
2023: €70k
2020 → 2024
Net result
€-24k▼ 176%
2023 · €-9k
2020: €2k
2021: €1k
2022: €4k
2023: €-9k
2020 → 2024
Working capital
€-12k
2023 · €8k
2020: €14k
2021: €12k
2022: €18k
2023: €8k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€14k-€15k▲ 7.1%€19k▲ 25.3%€11k▼ 45.0%€-13k
Operating result€15k-€4k▼ 74.0%€5k▲ 39.2%€-8k€-23k▼ 181%
Net result€2k-€1k▼ 49.1%€4k▲ 281%€-9k€-24k▼ 176%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €23k in 2024 against €8k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €107k
Fixed assets
€3k=
Current assets
€104k▲ 54.8%
Key figures and ratios
Solvency
-12.5%▼
2023 · 15.1%
Current ratio
0.89▼
2023 · 1.13
Quick ratio
0.87▼
2023 · 1.09
Debt / equity
-9.00▼
2023 · 5.61
ROA
-22.4%▼
2023 · -12.4%
Debt
€120k▲
2023 · €60k
Debt ≤ 1 year
€116k▲
2023 · €59k
Debt > 1 year
€4k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€70k€107k▲
Fixed assets21/28€3k€3k=
Financial fixed assets28€3k€3k=
Current assets29/58€67k€104k▲
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Contracts in progress37€0-
Amounts receivable within one year40/41€63k€100k▲
Trade receivables40€39k€100k▲
Other amounts receivable41€23k€0▼
Cash at bank and in hand54/58€725€0▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€70k€107k▲
Equity10/15€11k€-13k▼
Contributions10/11€12k€12k=
Reserves13€7k€7k=
Distributable reserves133€7k€7k=
Profit (loss) carried forward14€-9k€-33k▼
Amounts payable17/49€60k€120k▲
Amounts payable after more than one year17-€4k
Financial debts170/4-€4k
Amounts payable within one year42/48€59k€116k▲
Financial debts43-€22k
Credit institutions430/8-€22k
Trade debts44€57k€83k▲
Suppliers440/4€57k€83k▲
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€1k▼
Remuneration and social security454/9-€2k
Other amounts payable47/48-€7k
Accrued charges and deferred income492/3€288€914▲
Income statement
Code20232024
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11k€-11k▼
Other operating charges640/8€1k€1k▼
Gross operating margin9900€5k€-32k▼
Operating profit (loss)9901€-8k€-23k▼
Financial income75/76B€64€0▼
Recurring financial income75€64€0▼
Financial charges65/66B€747€1k▲
Recurring financial charges65€747€1k▲
Profit (loss) for the period before taxes9903€-9k€-24k▼
Income taxes67/77€0-
Profit (loss) for the period9904€-9k€-24k▼
Profit (loss) for the period to be appropriated9905€-9k€-24k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-9k€-33k▼
Profit (loss) brought forward from the previous period14P-€-9k
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
07-08
State Gazette act
Registered officeGeneral meeting · Registered-office move2 facts ▸
State Gazette act
Registered office
General meeting · Registered-office move2 facts ▸
- General meeting, 01/06/2026
- Registered-office move, Henrilei 65 te 2930 Brasschaat
2025
16-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 4 days late
2022
30-09
Financial
Highest result since 2020net €4k ▲281%
Net result €4k, the highest in the series.
28-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Liquidity triplescurrent ratio 2.83
Current ratio from 1.02 to 2.83; short-term debt falls from €653k to €7k.
01-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brasschaat · 1 establishment unit since 2019
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.
Henrilei 652930 BrasschaatGround area
743 m²
Building footprint
214 m²
Volume, LiDAR
1,192 m³
2 parcels, Flanders · tallest building 15.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CORAL PROJECT
since 20192.286.655.234
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0025/00T002 | Flanders | 461 m² | 1 · 116 m² | 9.0 m · 2 fl. |
| 11323F0058/00F004 | Flanders | 282 m² | 1 · 98 m² | 14.9 m · 2 fl. |
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.
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REX CONTRACTOR
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SP SERVICE
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 4,160 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-2019
Fiscal year end30-09
Activities, NACEBEL
43990Other specialised construction activities
43995Specialised construction activities
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.