CORBEO
ActiveSummary
CORBEO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of -€55,708. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 55% of 174 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability47▼-3
Solvency84▲+6
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120,000 at 30 days acceptable
Liquidity ample (current ratio 2.95 against 3.03 in 2024; short-term debt: 26.5% and cash: 6.5% of total assets), and 41.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Manufacture of textiles (NACE 13)
about 62% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
58.9%
Return on assets
-1.8%
Age of the figures
9 mo
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 09-04-2026, 113 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
113 d early
2024
108 d early
2023
112 d early
2022
118 d early
2021
97 d early
2020
110 d early
2019
80 d early
← 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 105 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
Total assets
€3.1m▼ 12.6%
2024 · €3.5m
Net result
-€55,708
2024 · €26,816
Working capital
€1.6m▼ 10.5%
2024 · €1.8m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€514,334▲ 28.2%€272,265▼ 47.1%€98,222▼ 63.9%€150,284▲ 53.0%€18,208▼ 87.9%
Net result€373,439▲ 27.8%€186,296▼ 50.1%€29,751▼ 84.0%€26,816▼ 9.9%-€55,708
Equity€1.7m▲ 21.5%€1.8m▲ 6.6%€1.8m▲ 1.7%€1.9m▲ 1.5%€1.8m▼ 3.0%
Total assets€3.9m▲ 30.9%€4.3m▲ 9.5%€3.6m▼ 14.5%€3.5m▼ 4.1%€3.1m▼ 12.6%
Debt€2.2m▲ 39.0%€2.5m▲ 11.7%€1.8m▼ 26.4%€1.6m▼ 9.7%€1.3m▼ 23.4%
Working capital€2.0m▲ 39.8%€2.3m▲ 13.3%€1.7m▼ 24.8%€1.8m▲ 1.8%€1.6m▼ 10.5%
Staff (FTE)19.7▲ 17.3%20.8▲ 5.6%19▼ 8.7%20.5▲ 7.9%19▼ 7.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Net result -84% on 2022. Cause not known from the registers.
- 2022 Net result -50% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 88% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.1m
Fixed assets
€666,095 ▼ 22.4%
Current assets
€2.4m ▼ 9.3%
Equity and liabilities €3.1m
Equity
€1.8m ▼ 3.0%
Debt
€1.3m ▼ 23.4%
Debt's share of the balance-sheet total falls from 46.9% to 41.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€325,858▼
2024 · €451,792
Cash flow
€251,943▼
2024 · €328,324
Current ratio
2.95▼
2024 · 3.03
Quick ratio
1.12▲
2024 · 0.85
Debt to equity
0.70▼
2024 · 0.88
ROE
-3.1%▼
2024 · 1.4%
ROA
-1.8%▼
2024 · 0.8%
Interest coverage
3.62▼
2024 · 3.66
Debt ≤ 1 year
€808,967▼
2024 · €870,097
Debt > 1 year
€432,742▼
2024 · €757,396
Income taxes
€1,094▼
2024 · €13,724
Staff costs
€994,003▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 8,594 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
0.4%
went bankrupt
5.2%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 8,594 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €92 | €10,373 | €0 | - | - | - |
| Remuneration, social security and pensions62 | €1.1m | €1.1m | €1.1m | €1.1m | €994,003 | ▼ 9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €197,559 | €254,619 | €303,828 | €301,508 | €307,650 | ▲ 2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €9,520 | €8,910 | €6,672 | -€6,506 | €0 | ▲ 100% |
| Other operating charges640/8 | €25,978 | €27,169 | €28,804 | €9,658 | €23,492 | ▲ 143% |
| Non-recurring operating charges66A | €2,605 | €57 | €0 | - | €9,240 | - |
| Gross operating margin9900 | €1.8m | €1.6m | €1.5m | €1.6m | €1.4m | ▼ 13.1% |
| Operating profit (loss)9901 | €514,334 | €272,265 | €98,222 | €150,284 | €18,208 | ▼ 87.9% |
| Financial income75/76B | €35,159 | €32,300 | €41,430 | €13,551 | €17,292 | ▲ 27.6% |
| Recurring financial income75 | €35,159 | €32,300 | €41,430 | €13,551 | €17,292 | ▲ 27.6% |
| Financial charges65/66B | €107,783 | €113,717 | €105,841 | €123,295 | €90,114 | ▼ 26.9% |
| Recurring financial charges65 | €107,783 | €113,717 | €105,841 | €123,295 | €90,114 | ▼ 26.9% |
| Profit (loss) for the period before taxes9903 | €441,710 | €190,848 | €33,811 | €40,539 | -€54,614 | ▼ 235% |
| Income taxes67/77 | €68,271 | €4,552 | €4,060 | €13,724 | €1,094 | ▼ 92.0% |
| Profit (loss) for the period9904 | €373,439 | €186,296 | €29,751 | €26,816 | -€55,708 | ▼ 308% |
| Profit (loss) for the period to be appropriated9905 | €373,439 | €186,296 | €29,751 | €26,816 | -€55,708 | ▼ 308% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.9m | €4.3m | €3.6m | €3.5m | €3.1m | ▼ 12.6% |
| Fixed assets21/28 | €832,523 | €1.0m | €1.0m | €858,736 | €666,095 | ▼ 22.4% |
| Intangible fixed assets21 | €9,441 | €2,890 | €18,558 | €12,419 | €71,220 | ▲ 473% |
| Tangible fixed assets22/27 | €823,082 | €998,793 | €1.0m | €846,317 | €594,875 | ▼ 29.7% |
| Plant, machinery and equipment23 | €439,591 | €675,673 | €644,538 | €571,663 | €502,476 | ▼ 12.1% |
| Furniture and vehicles24 | €96,262 | €69,435 | €143,092 | €109,858 | €59,521 | ▼ 45.8% |
| Leasing and similar rights25 | €282,650 | €249,104 | €215,558 | €160,216 | €28,298 | ▼ 82.3% |
| Other tangible fixed assets26 | €4,580 | €4,580 | €4,580 | €4,580 | €4,580 | = |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €3.1m | €3.3m | €2.6m | €2.6m | €2.4m | ▼ 9.3% |
| Amounts receivable after more than one year29 | - | €3,680 | €0 | - | - | - |
| Other amounts receivable291 | - | €3,680 | €0 | - | - | - |
| Stocks and contracts in progress3 | €2.1m | €2.4m | €1.8m | €1.9m | €1.5m | ▼ 21.5% |
| Stocks30/36 | €2.1m | €2.4m | €1.8m | €1.9m | €1.5m | ▼ 21.5% |
| Amounts receivable within one year40/41 | €736,375 | €579,721 | €508,021 | €520,072 | €675,267 | ▲ 29.8% |
| Trade receivables40 | €736,375 | €537,234 | €473,412 | €500,408 | €651,850 | ▲ 30.3% |
| Other amounts receivable41 | €0 | €42,487 | €34,609 | €19,664 | €23,417 | ▲ 19.1% |
| Cash at bank and in hand54/58 | €183,960 | €211,039 | €234,094 | €184,334 | €199,817 | ▲ 8.4% |
| Deferred charges and accrued income490/1 | €13,041 | €30,364 | €34,676 | €37,877 | €27,529 | ▼ 27.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.9m | €4.3m | €3.6m | €3.5m | €3.1m | ▼ 12.6% |
| Equity10/15 | €1.7m | €1.8m | €1.8m | €1.9m | €1.8m | ▼ 3.0% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €1.6m | €1.7m | €1.7m | €1.8m | €1.7m | ▼ 3.2% |
| Non-distributable reserves130/1 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Tax-exempt reserves132 | €35,400 | €35,400 | €35,400 | €35,400 | €35,400 | = |
| Distributable reserves133 | €1.5m | €1.7m | €1.7m | €1.7m | €1.7m | ▼ 3.3% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | - | - |
| Amounts payable17/49 | €2.2m | €2.5m | €1.8m | €1.6m | €1.3m | ▼ 23.4% |
| Amounts payable after more than one year17 | €1.2m | €1.5m | €926,741 | €757,396 | €432,742 | ▼ 42.9% |
| Financial debts170/4 | €1.2m | €1.5m | €926,741 | €757,396 | €432,742 | ▼ 42.9% |
| Amounts payable within one year42/48 | €1.0m | €957,852 | €883,292 | €870,097 | €808,967 | ▼ 7.0% |
| Current portion of amounts payable after more than one year42 | €288,577 | €381,711 | €382,594 | €372,028 | €345,720 | ▼ 7.1% |
| Trade debts44 | €406,455 | €271,765 | €290,083 | €294,544 | €295,635 | ▲ 0.4% |
| Suppliers440/4 | €406,455 | €271,765 | €290,083 | €294,544 | €295,635 | ▲ 0.4% |
| Advances received on contracts in progress46 | €16,401 | €16,394 | €3,299 | €3,291 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €241,974 | €212,982 | €207,316 | €200,234 | €167,612 | ▼ 16.3% |
| Taxes450/3 | €103,680 | €87,027 | €60,159 | €54,116 | €55,482 | ▲ 2.5% |
| Remuneration and social security454/9 | €138,294 | €125,955 | €147,157 | €146,119 | €112,129 | ▼ 23.3% |
| Other amounts payable47/48 | €75,000 | €75,000 | €0 | - | - | - |
| Accrued charges and deferred income492/3 | €5,142 | €33,854 | €3,622 | €10,441 | €13,519 | ▲ 29.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €373,439 | €186,296 | €29,751 | €26,816 | -€55,708 | ▼ 308% |
| + Depreciation and write-downs630 | €197,559 | €254,619 | €303,828 | €301,508 | €307,650 | ▲ 2.0% |
| Operating cash flow (approximation) | €570,998 | €440,915 | €333,579 | €328,324 | €251,943 | ▼ 23.3% |
| Investment in fixed assets (approximation) | - | -€423,779 | -€328,471 | -€133,918 | -€115,009 | ▲ 14.1% |
| Change in cash | - | €27,079 | €23,055 | -€49,760 | €15,483 | ▲ 131% |
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
09-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
04-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €373,439 ▲27.8%
Operating result €514,334, net result €373,439, both a record.
12-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €292,229
Net result €292,229 after one loss-making year.
12-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€127,793
Net result drops to -€127,793, the lowest in the series; recovery starts the following year.
25-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
21-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-03
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 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 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, Zele · 1 establishment unit since 1996
Ground area
9,193 m²
Building footprint
3,953 m²
Volume, LiDAR
23 m³
Parcel 42028A1514/00S000, Flanders · tallest building 3.6 m. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Corbeo
since 19962.074.795.851
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42028A1514/00S000 | Flanders | 9,193 m² | 1 · 3,953 m² | 3.6 m |
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.
Structure & network
Owners and holdings
2 ownersChain of control
- SONEVA
- CORBEO
Highest known parent: SONEVA. The sources do not say who stands above it.
Owners 2
- SONEVAparentSourceaccounts SONEVA 202551%
-
49%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 11 entries · 137,118 EUR awarded · 132,544 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 3 | 24,988 EUR | 21,194 EUR |
| 2024 | 4 | 44,211 EUR | 43,754 EUR |
| 2023 | 2 | 31,470 EUR | 32,557 EUR |
| 2022 | 2 | 36,449 EUR | 35,039 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300ZG54QL6I8E0N20
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Of 20 companies in sector 13940 we hold annual accounts for 11. 9 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
13940Manufacture of textiles
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456681047
Also
9925:BE0456681047
Registered
23-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.