CORALAND
ActiveCORALAND has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €350k and a net result of €-1k. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 64% of 20785 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability21▲+18
Solvency99▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20k at 30 days only on tighter terms
Liquidity ample (current ratio 3.81 against 4.26 in 2023; short-term debt: 26.1% and cash: 1.1% of total assets), and 26.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
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
73.9%
Return on assets
-0.2%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-1k
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-10-2025, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
92 d late
2023
155 d late
2022
26 d late
2021
107 d late
2020
31 d late
2019
98 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-1k▲ 98.1%
2023 · €-59k
2018: €4k
2019: €455k
2020: €-14k
2021: €-14k
2022: €-49k
2023: €-59k
2018 → 2024
Working capital
€347k=
2023 · €347k
2018: €28k
2019: €486k
2020: €472k
2021: €456k
2022: €408k
2023: €347k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€472k-€459k▼ 2.9%€410k▼ 10.6%€351k▼ 14.4%€350k▼ 0.3%
Operating result€-13k-€-12k▲ 4.6%€-48k▼ 299%€-64k▼ 34.3%€5k
Net result€-14k-€-14k▲ 3.1%€-49k▼ 260%€-59k▼ 20.8%€-1k▲ 98.1%
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5k after a loss of €64k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €473k
Fixed assets
€3k▼ 26.7%
Current assets
€470k▲ 3.8%
Equity and liabilities €473k
Equity
€350k▼ 0.3%
Debt
€123k▲ 16.0%
The debt ratio rises from 23.3% to 26.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€6k▲
2023 · €-63k
Cash flow
€18▲
2023 · €-58k
Solvency
73.9%▼
2023 · 76.7%
Current ratio
3.81▼
2023 · 4.26
Quick ratio
3.81▼
2023 · 4.26
Debt / equity
0.35▲
2023 · 0.30
ROE
-0.3%▲
2023 · -16.8%
ROA
-0.2%▲
2023 · -12.9%
Interest coverage
0.35▲
2023 · -27.39
Debt
€123k▲
2023 · €106k
Debt ≤ 1 year
€123k▲
2023 · €106k
Income taxes
€4k▲
2023 · €953
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€457k€473k▲
Fixed assets21/28€4k€3k▼
Tangible fixed assets22/27€1k€108▼
Plant, machinery and equipment23€1k€108▼
Financial fixed assets28€3k€3k=
Current assets29/58€453k€470k▲
Amounts receivable after more than one year29€424k€437k▲
Other amounts receivable291€424k€437k▲
Amounts receivable within one year40/41€28k€29k▲
Trade receivables40€28k€17k▼
Other amounts receivable41€208€12k▲
Cash at bank and in hand54/58€841€5k▲
Equity and liabilities
Total equity and liabilities10/49€457k€473k▲
Equity10/15€351k€350k▼
Contributions10/11€28k€28k=
Reserves13€5k€5k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€318k€317k▼
Amounts payable17/49€106k€123k▲
Amounts payable within one year42/48€106k€123k▲
Trade debts44€78k€109k▲
Suppliers440/4€78k€109k▲
Taxes, remuneration and social security45€4k€5k▲
Taxes450/3€4k€5k▲
Other amounts payable47/48€25k€10k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€549-
Gross operating margin9900€-63k€6k▲
Operating profit (loss)9901€-64k€5k▲
Financial income75/76B€9k€16k▲
Recurring financial income75€9k€16k▲
Financial charges65/66B€2k€18k▲
Recurring financial charges65€2k€18k▲
Profit (loss) for the period before taxes9903€-58k€3k▲
Income taxes67/77€953€4k▲
Profit (loss) for the period9904€-59k€-1k▲
Profit (loss) for the period to be appropriated9905€-59k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€318k€317k▼
Profit (loss) brought forward from the previous period14P€377k€318k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 155 days late
2023
31-12
Financial
Weakest financial yearnet €-59k
Net result drops to €-59k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 107 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Highest result since 2018net €455k ▲11465%
Net result €455k, the highest in the series.
31-12
Financial
Liquidity times 26current ratio 31.54
Current ratio from 1.23 to 31.54; short-term debt falls from €121k to €16k.
31-12
Financial
Equity above €200kEq €486k ▲1426%
2 profitable years in a row build equity to €486k.
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 59 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB 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 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 1 establishment unit since 1996
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.
Wellingtonlaan 1161180 UkkelGround area
1,081 m²
Building footprint
129 m²
Volume, LiDAR
779 m³
Parcel 21614H0008/00V050, Brussels · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CORALAND
since 19962.077.523.333
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21614H0008/00V050 | Brussels | 1,081 m² | 1 · 129 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
PLATINUM Europe
BE 0457.255.921
Rixensart · Eq €350k
YDee Partners
BE 0872.996.931
Sint-Katelijne-Waver · Eq €350k
BM-CON
BE 0885.920.893
Kapelle-op-den-Bos · Eq €350k
JDG IT CONSULTING
BE 0837.904.509
Anzegem · Eq €350k
STATERA
BE 0742.566.573
Bornem · Eq €350k
Of 29,992 companies in sector 62200 we hold annual accounts for 18,386. 13,314 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-07-1996
Fiscal year end31-12
Activities, NACEBEL
62020IT consultancy
62200Computer consultancy and computer facilities management
72100
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.