CORANI
ActiveSummary
The annual accounts of CORANI for fiscal year 2025 show a net loss of 55% of the equity at the start of that year. The 2025 annual accounts show equity of €26,775 and a net result of -€32,624. Equity is shrinking by ~20.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 25% of 14254 sector peers (fiscal year 2025). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability33▲+1
Solvency28▼-3
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.08 against 1.07 in 2024; short-term debt: 7.5% and cash: 5.8% of total assets), and 97% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
3%
Return on assets
-3.7%
Age of the figures
15 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€32,624
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 14254 sector peers (2025).
NBB · sector comparisonPosition among 14254 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
4 d late
2023
2 d early
2022
1 d early
2021
on the day
2020
2 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average on the deadline day; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
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 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€26,775▼ 54.9%
2024 · €59,398
Total assets
€888,766▼ 6.9%
2024 · €954,651
Net result
-€32,624▲ 2.2%
2024 · -€33,343
Working capital
€5,228▲ 26.8%
2024 · €4,123
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,811▼ 15.2%€17,579▲ 11.2%€9,013▼ 48.7%€1,842▼ 79.6%€1,920▲ 4.2%
Net result-€20,341below the sector's middle half▼ 19.5%-€18,103below the sector's middle half▲ 11.0%-€26,345below the sector's middle half▼ 45.5%-€33,343below the sector's middle half▼ 26.6%-€32,624below the sector's middle half▲ 2.2%
Equity€137,189within the sector's middle half▼ 12.9%€119,086within the sector's middle half▼ 13.2%€92,741within the sector's middle half▼ 22.1%€59,398within the sector's middle half▼ 36.0%€26,775within the sector's middle half▼ 54.9%
Total assets€1.1mabove the sector's middle half▼ 3.4%€1.1mabove the sector's middle half▼ 3.8%€1.0mwithin the sector's middle half▼ 6.2%€954,651within the sector's middle half▼ 6.4%€888,766within the sector's middle half▼ 6.9%
Debt€782,705▼ 3.9%€743,868▼ 5.0%€687,780▼ 7.5%€640,531▼ 6.9%€590,664▼ 7.8%
Working capital€23,955within the sector's middle half▲ 647%€35,340within the sector's middle half▲ 47.5%€4,980within the sector's middle half▼ 85.9%€4,123within the sector's middle half▼ 17.2%€5,228within the sector's middle half▲ 26.8%
Solvency12.1%within the sector's middle half▼ 1.3pp11.0%within the sector's middle half▼ 1.2pp9.1%within the sector's middle half▼ 1.9pp6.2%within the sector's middle half▼ 2.9pp3.0%below the sector's middle half▼ 3.2pp
Current ratio1.48within the sector's middle half▲ 0.421.58within the sector's middle half▲ 0.101.08within the sector's middle half▼ 0.491.07within the sector's middle half▼ 0.021.08within the sector's middle half▲ 0.01
Return on assets (ROA)-1.8%within the sector's middle half▼ 0.3pp-1.7%within the sector's middle half▲ 0.1pp-2.6%below the sector's middle half▼ 0.9pp-3.5%below the sector's middle half▼ 0.9pp-3.7%below the sector's middle half▼ 0.2pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €888,766
Fixed assets
€816,656 ▼ 8.0%
Current assets
€72,110 ▲ 7.6%
Equity and liabilities €888,766
Equity
€26,775 ▼ 54.9%
Provisions
€271,328 ▲ 6.5%
Debt
€590,664 ▼ 7.8%
Debt's share of the balance-sheet total falls from 67.1% to 66.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€76,032▲
2024 · €75,411
Cash flow
€41,488▲
2024 · €40,227
Debt to equity
22.06▲
2024 · 10.78
ROE
-121.8%▼
2024 · -56.1%
Interest coverage
2.23▲
2024 · 2.17
Debt ≤ 1 year
€66,882▲
2024 · €62,889
Debt > 1 year
€523,782▼
2024 · €577,642
Income taxes
€412▼
2024 · €413
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 913 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 95% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a small loss
2.0%
went bankrupt
2.1%
stopped otherwise
95%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 913 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €70,801 | €70,934 | €68,417 | €73,570 | €74,112 | ▲ 0.7% |
| Other operating charges640/8 | - | €4,604 | €2,380 | €4,101 | €4,593 | ▲ 12.0% |
| Non-recurring operating charges66A | - | €35 | €39 | €43 | €49 | ▲ 12.4% |
| Gross operating margin9900 | €89,262 | €93,151 | €79,848 | €79,556 | €80,673 | ▲ 1.4% |
| Operating profit (loss)9901 | €15,811 | €17,579 | €9,013 | €1,842 | €1,920 | ▲ 4.2% |
| Financial income75/76B | - | €4 | €0 | €7 | €31 | ▲ 338% |
| Recurring financial income75 | €34 | €4 | €0 | €7 | €31 | ▲ 338% |
| Financial charges65/66B | - | €35,329 | €34,942 | €34,778 | €34,163 | ▼ 1.8% |
| Recurring financial charges65 | €35,861 | €35,329 | €34,942 | €34,778 | €34,163 | ▼ 1.8% |
| Profit (loss) for the period before taxes9903 | -€20,016 | -€17,746 | -€25,929 | -€32,930 | -€32,212 | ▲ 2.2% |
| Income taxes67/77 | €325 | €357 | €416 | €413 | €412 | ▼ 0.4% |
| Profit (loss) for the period9904 | -€20,341 | -€18,103 | -€26,345 | -€33,343 | -€32,624 | ▲ 2.2% |
| Profit (loss) for the period to be appropriated9905 | -€20,341 | -€18,103 | -€26,345 | -€33,343 | -€32,624 | ▲ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.0m | €954,651 | €888,766 | ▼ 6.9% |
| Fixed assets21/28 | €1.1m | €990,952 | €955,366 | €887,639 | €816,656 | ▼ 8.0% |
| Tangible fixed assets22/27 | €1.1m | €990,952 | €955,366 | €887,639 | €816,656 | ▼ 8.0% |
| Land and buildings22 | - | €984,341 | €920,521 | €856,701 | €792,880 | ▼ 7.4% |
| Plant, machinery and equipment23 | - | €452 | - | - | €2,195 | - |
| Furniture and vehicles24 | - | €6,159 | €34,845 | €30,938 | €21,581 | ▼ 30.2% |
| Current assets29/58 | €74,372 | €96,504 | €64,289 | €67,012 | €72,110 | ▲ 7.6% |
| Amounts receivable within one year40/41 | €37,446 | €38,120 | €26,386 | €17,101 | €18,276 | ▲ 6.9% |
| Trade receivables40 | - | €38,120 | €25,191 | €17,101 | €18,276 | ▲ 6.9% |
| Other amounts receivable41 | - | - | €1,195 | - | - | - |
| Cash at bank and in hand54/58 | €36,465 | €55,757 | €36,064 | €47,056 | €51,598 | ▲ 9.7% |
| Deferred charges and accrued income490/1 | - | €2,627 | €1,838 | €2,856 | €2,235 | ▼ 21.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.0m | €954,651 | €888,766 | ▼ 6.9% |
| Equity10/15 | €137,189 | €119,086 | €92,741 | €59,398 | €26,775 | ▼ 54.9% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €112,886 | €86,541 | €53,198 | €20,575 | ▼ 61.3% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €111,026 | €84,681 | €51,338 | €18,715 | ▼ 63.5% |
| Profit (loss) carried forward14 | €129,129 | - | - | - | - | - |
| Provisions and deferred taxes16 | €210,767 | €224,502 | €239,134 | €254,722 | €271,328 | ▲ 6.5% |
| Provisions for liabilities and charges160/5 | - | €224,502 | €239,134 | €254,722 | €271,328 | ▲ 6.5% |
| Environmental obligations163 | - | - | - | €254,722 | - | - |
| Other liabilities and charges164/5 | - | €224,502 | €239,134 | - | €271,328 | - |
| Amounts payable17/49 | €782,705 | €743,868 | €687,780 | €640,531 | €590,664 | ▼ 7.8% |
| Amounts payable after more than one year17 | €732,289 | €682,704 | €628,471 | €577,642 | €523,782 | ▼ 9.3% |
| Financial debts170/4 | - | €682,704 | €628,471 | €577,642 | €523,782 | ▼ 9.3% |
| Amounts payable within one year42/48 | €50,417 | €61,165 | €59,309 | €62,889 | €66,882 | ▲ 6.3% |
| Current portion of amounts payable after more than one year42 | - | €45,276 | €50,316 | €52,055 | €53,860 | ▲ 3.5% |
| Trade debts44 | €1,161 | €10,194 | €6,177 | €4,670 | €7,106 | ▲ 52.2% |
| Suppliers440/4 | - | €10,194 | €6,177 | €4,670 | €7,106 | ▲ 52.2% |
| Taxes, remuneration and social security45 | - | €5,694 | €2,816 | €6,164 | €4,980 | ▼ 19.2% |
| Taxes450/3 | - | €5,694 | €2,816 | €6,164 | €4,980 | ▼ 19.2% |
| Other amounts payable47/48 | - | - | - | - | €935 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,341 | -€18,103 | -€26,345 | -€33,343 | -€32,624 | ▲ 2.2% |
| + Depreciation and write-downs630 | €70,801 | €70,934 | €68,417 | €73,570 | €74,112 | ▲ 0.7% |
| Operating cash flow (approximation) | €50,460 | €52,831 | €42,072 | €40,227 | €41,488 | ▲ 3.1% |
| Investment in fixed assets (approximation) | - | -€5,596 | -€32,830 | -€5,843 | -€3,130 | ▲ 46.4% |
| Change in cash | - | €19,292 | -€19,693 | €10,992 | €4,542 | ▼ 58.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Weakest financial yearnet -€33,343
Net result drops to -€33,343, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
23-12
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Hoegaarden · 1 establishment unit since 2008
Ground area
2,648 m²
Building footprint
576 m²
Volume, LiDAR
3,338 m³
Parcel 24712A0484/00P000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CORANI
since 20082.174.707.039
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24712A0484/00P000 | Flanders | 2,648 m² | 1 · 576 m² | 10.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHoegaarden2.174.707.039
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Of 12,042 companies in sector 68203 we hold annual accounts for 6,005. 2,427 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded20-11-2008
Fiscal year end30-06
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
46500Wholesale of information and communication equipment
47400Retail sale of information and communication equipment
62900Other information technology and computer services
62200Computer consultancy and computer facilities management
63100Computing infrastructure, data processing, hosting and related activities
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0808134120
Also
9925:BE0808134120
Registered
24-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.