Checked.be
Active
BE 0832.420.841Private limited company
Corbacio
Maastrichterstraat 60 ·3500 Hasselt, Belgium· 15 yrs active
Sector: Full-service restaurants
(56111)
Conclusion
Corbacio has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €719k and a net result of €185k. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 75% of 3462 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €719k |
| Net result | €185k |
| Staff (FTE) | 9 |
| Better than sector | 75% |
Financial profile
95
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
100
Solvency
97
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2011, 15 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€70k
estimate, not credit advice
Score history
93
2021
100
2022
100
2023
100
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 2.14 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.85 (≥ 1.0)
+5
Leverage
Debt/equity 0.79 (< 1.0)
+10
Profitability
ROE 26% (≥ 10%)
+10
Interest coverage
Interest coverage 11.9× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 09-06-2026 with the NBB · fiscal year 2025 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Gross margin: growth of ~11.9%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 56, Food and beverage service activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 55.8% | 29.8% | |
| Net result | €185k | €11k | |
| Equity | €719k | €90k | |
| Gross operating margin | €936k | €260k | |
| Staff costs | €514k | €250k |
€417k
+9.4%
21-25
€185k
+11.9%
21-25
€325k
+10.4%
21-25
€1.29M
+44.0%
21-25
€719k
+17.9%
21-25
€336k
-3.7%
21-25
9
+5.9%
21-25
€514k
+11.2%
21-25
€70k
-7.5%
21-25
€76k
-7.3%
21-25
€569k
+100.1%
21-25
€295k
+36.2%
21-25
€271k
+322.8%
21-25
2.14
-18.1%
21-25
1.85
-12.0%
21-25
55.8%
-18.2%
21-25
0.79
+69.8%
21-25
25.7%
-5.0%
21-25
14.4%
-22.3%
21-25
11.92
-29.7%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €417k | €382k | €310k | €272k | €207k |
| Net profit | €185k | €165k | €123k | €108k | €82k |
| Cash flow | €325k | €294k | €247k | €217k | €188k |
| Staff costs | €514k | €462k | €588k | €509k | €271k |
| Income taxes | €70k | €76k | €51k | €45k | €11k |
| Dividends | €76k | €82k | €109k | €76k | €52k |
| Total assets | €1.29M | €895k | €825k | €823k | €811k |
| Equity | €719k | €610k | €527k | €513k | €481k |
| Debt | €569k | €285k | €298k | €311k | €331k |
| of which ≤ 1y | €295k | €217k | €187k | €184k | €167k |
| of which > 1y | €271k | €64k | €109k | €125k | €163k |
| Working capital | €336k | €349k | €208k | €226k | €234k |
| Employees (FTE) | 9.0 | 8.5 | 7.6 | 9.1 | 8.7 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 2.14 | 2.61 | 2.12 | 2.23 | 2.41 |
| Quick ratio | 1.85 | 2.11 | 1.59 | 1.65 | 1.98 |
| Working capital ratio | 26.1% | 39.0% | 25.2% | 27.4% | 28.9% |
| Solvency | 55.8% | 68.2% | 63.9% | 62.3% | 59.2% |
| Debt / equity | 0.79 | 0.47 | 0.57 | 0.61 | 0.69 |
| Long-term debt ratio | 0.38 | 0.11 | 0.21 | 0.24 | 0.34 |
| Interest coverage | 11.92 | 16.96 | 16.11 | 17.55 | 17.72 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 14.4% | 18.5% | 14.9% | 13.1% | 10.1% |
| ROE | 25.7% | 27.1% | 23.4% | 21.0% | 17.1% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.29M | €895k | €825k | €823k | €811k |
| Fixed assets | 21/28 | €657k | €329k | €430k | €413k | €411k |
| Tangible fixed assets | 22/27 | €649k | €322k | €423k | €408k | €410k |
| Financial fixed assets | 28 | €9k | €7k | €7k | €5k | €1k |
| Current assets | 29/58 | €631k | €565k | €395k | €410k | €401k |
| Stocks & contracts in progress | 3 | €84k | €109k | €97k | €106k | €70k |
| Amounts receivable within one year | 40/41 | €1k | €34k | €41k | €45k | €9k |
| Investments | 50/53 | €125k | - | - | - | - |
| Cash & bank | 54/58 | €128k | €242k | €182k | €182k | €321k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.29M | €895k | €825k | €823k | €811k |
| Equity | 10/15 | €719k | €610k | €527k | €513k | €481k |
| Contributions / capital | 10/11 | €8k | €8k | €8k | €8k | €8k |
| Reserves | 13 | €711k | €602k | €519k | €505k | €473k |
| Amounts payable | 17/49 | €569k | €285k | €298k | €311k | €331k |
| Amounts payable after one year | 17 | €271k | €64k | €109k | €125k | €163k |
| Amounts payable within one year | 42/48 | €295k | €217k | €187k | €184k | €167k |
| Trade debts payable within one year | 44 | €69k | €38k | €42k | €39k | €40k |
| Income statement | ||||||
| Gross operating margin | 9900 | €936k | €848k | €901k | €784k | €480k |
| Operating result | 9901 | €278k | €253k | €187k | €163k | €101k |
| Financial income | 75 | €12k | €11k | €7k | €5k | €3k |
| Financial charges | 65 | €35k | €23k | €19k | €16k | €12k |
| Result before taxes | 9903 | €255k | €241k | €174k | €153k | €93k |
| Income taxes | 67/77 | €70k | €76k | €51k | €45k | €11k |
| Net result for the period | 9904 | €185k | €165k | €123k | €108k | €82k |
| Result to be appropriated | 9905 | €185k | €165k | €123k | €108k | €82k |
Legal Structure
| NACE primary | Full-service restaurants(56111) |
| Legal form | Private limited company(610) |
| Incorporation | 04-01-2011 |
| Status | Active |
| Postal code | 3500 |
Establishment units
Restaurant La Fontanella
since 20112.195.412.183
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H0402/00D000 | Flanders | 317 m² | 1 · 185 m² | 14.8 m · 3 fl. |
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.
Updates
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2021net €185k ▲11.9%
Operating result €278k, net result €185k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €513k ▲6.6%
2 profitable years in a row build equity to €513k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
02-06
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.
Belgian State Gazette reading coverage
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Full-service restaurants56101Full-service restaurants56111
Names & trade names
| Legal nameNL | Corbacio |
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