CORBEL
ActiveCORBEL has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-424k) and a net result of €-20k. Equity is shrinking by ~30.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
26
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.2 in 2024; short-term debt: 610% and cash: 3.7% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-510.5%
Return on assets
-24.6%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-424k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
49 d early
2024
27 d early
2023
41 d early
2022
28 d early
2021
27 d early
2020
38 d early
2019
32 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-424k▼ 5.1%
2024 · €-404k
2018: €256k
2019: €113k
2020: €-90k
2021: €-292k
2022: €-318k
2023: €-352k
2024: €-404k
2018 → 2025
Total assets
€83k▼ 25.2%
2024 · €111k
2018: €648k
2019: €593k
2020: €661k
2021: €580k
2022: €324k
2023: €211k
2024: €111k
2018 → 2025
Net result
€-20k▲ 60.5%
2024 · €-52k
2018: €-105k
2019: €-143k
2020: €-203k
2021: €-203k
2022: €-26k
2023: €-34k
2024: €-52k
2018 → 2025
Working capital
€-432k▼ 5.3%
2024 · €-410k
2018: €287k
2019: €73k
2020: €-97k
2021: €-323k
2022: €-376k
2023: €-372k
2024: €-410k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-292k-€-318k▼ 8.8%€-352k▼ 10.6%€-404k▼ 14.7%€-424k▼ 5.1%
Operating result€-198k-€-19k▲ 90.2%€-35k▼ 82.6%€-52k▼ 46.3%€-20k▲ 60.7%
Net result€-203k-€-26k▲ 87.3%€-34k▼ 30.9%€-52k▼ 52.6%€-20k▲ 60.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20k in 2025 against €52k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €83k
Fixed assets
€8k▲ 23.6%
Current assets
€75k▼ 28.4%
Key figures and ratios
EBITDA
€-19k▲
2024 · €-51k
Cash flow
€-19k▲
2024 · €-51k
Solvency
-510.5%▼
2024 · -363.3%
Current ratio
0.15▼
2024 · 0.20
Quick ratio
0.14▼
2024 · 0.19
Debt / equity
-1.20▲
2024 · -1.28
ROA
-24.6%▲
2024 · -46.4%
Interest coverage
-38.72▲
2024 · -111.33
Debt
€507k▼
2024 · €515k
Debt ≤ 1 year
€507k▼
2024 · €515k
Staff costs
€10k▼
2024 · €20k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€111k€83k▼
Fixed assets21/28€7k€8k▲
Intangible fixed assets21€0-
Tangible fixed assets22/27€7k€6k▼
Land and buildings22€0-
Plant, machinery and equipment23€7k€6k▼
Furniture and vehicles24€0-
Financial fixed assets28-€3k
Current assets29/58€104k€75k▼
Stocks and contracts in progress3€6k€4k▼
Stocks30/36€6k€4k▼
Amounts receivable within one year40/41€3k€3k▲
Trade receivables40€0-
Other amounts receivable41€3k€3k▲
Current investments50/53€93k€64k▼
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1€352€815▲
Equity and liabilities
Total equity and liabilities10/49€111k€83k▼
Equity10/15€-404k€-424k▼
Contributions10/11€19k€19k=
Reserves13€450k€450k=
Distributable reserves133€450k€450k=
Profit (loss) carried forward14€-872k€-892k▼
Amounts payable17/49€515k€507k▼
Amounts payable within one year42/48€515k€507k▼
Financial debts43€1€0▼
Credit institutions430/8€1€0▼
Trade debts44€97€1k▲
Suppliers440/4€97€1k▲
Taxes, remuneration and social security45€213€0▼
Remuneration and social security454/9€213€0▼
Other amounts payable47/48€514k€505k▼
Accrued charges and deferred income492/3€63€461▲
Income statement
Code20242025
Remuneration, social security and pensions62€20k€10k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€800€917▲
Other operating charges640/8€21k€696▼
Gross operating margin9900€-10k€-9k▲
Operating profit (loss)9901€-52k€-20k▲
Financial income75/76B€738€465▼
Recurring financial income75€738€465▼
Financial charges65/66B€459€502▲
Recurring financial charges65€459€502▲
Profit (loss) for the period before taxes9903€-52k€-20k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-52k€-20k▲
Profit (loss) for the period to be appropriated9905€-52k€-20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-872k€-892k▼
Profit (loss) brought forward from the previous period14P€-820k€-872k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
04-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €-203k
Net result drops to €-203k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
15-06
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.
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, Erpe-Mere · 2 establishment units since 2020
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.
Sint-Apolloniastraat 309420 Erpe-MereGround area
279 m²
Building footprint
298 m²
2 parcels, Flanders. Linked by address, not a title deed.
2 establishment units
KREANA
since 20202.306.099.180
Corbel BV
since 20252.373.631.372
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41016B0208/00D000 | Flanders | 213 m² | 1 · 230 m² | - |
| 41002A0471/00_000 | Flanders | 66 m² | 1 · 68 m² | - |
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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
NOMO
BE 0647.892.001
Tielt · Eq €113k
GHYVAN INTERNATIONAL
BE 0458.804.753
Anzegem · Eq €113k
V&S AGENTUREN
BE 0426.649.055
Kortrijk · Eq €112k
DAMIATI
BE 0478.498.327
Edegem · Eq €112k
APRINTEX
BE 0890.058.043
Kortrijk · Eq €115k
Of 687 companies in sector 46412 we hold annual accounts for 517. 390 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-12-1984
Fiscal year end31-12
Activities, NACEBEL
46412Wholesale of household textiles and bedding
47714Retail trade
51410
46423Wholesale of clothing, excluding workwear and underwear
51421
52425
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.