CORBO
ActiveSummary
CORBO has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €41k and a net result of €11k. Equity is growing by ~48.4% per year across the filed fiscal years. Its solvency ranks better than 7% of 7445 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability33▼-3
Solvency28=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity ample (current ratio 1.54 against 1.34 in 2023; short-term debt: 36.8% and cash: 2.6% of total assets), but 97.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 7% of 7445 sector peers (2024).
NBB · sector comparisonPosition among 7445 sector peers
Solvency
better than 7%
← weakest
strongest →
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 04-05-2026, 277 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
277 d late
2023
61 d late
2022
24 d late
2021
25 d early
2020
30 d late
2019
98 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€41k▲ 36.0%
2023 · €30k
2018: €-93k
2019: €-32k
2020: €2k
2021: €9k
2022: €20k
2023: €30k
2018 → 2024
Total assets
€1.45M▲ 56.4%
2023 · €928k
2018: €35k
2019: €91k
2020: €147k
2021: €244k
2022: €652k
2023: €928k
2018 → 2024
Net result
€11k▲ 49.0%
2023 · €7k
2018: €129
2019: €61k
2020: €34k
2021: €7k
2022: €11k
2023: €7k
2018 → 2024
Working capital
€290k▲ 63.6%
2023 · €177k
2018: €9k
2019: €74k
2020: €114k
2021: €91k
2022: €193k
2023: €177k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2k-€9k▲ 276%€20k▲ 121%€30k▲ 51.7%€41k▲ 36.0%
Operating result€37k-€10k▼ 72.3%€23k▲ 122%€33k▲ 47.5%€62k▲ 86.5%
Net result€34k-€7k▼ 80.7%€11k▲ 64.5%€7k▼ 32.9%€11k▲ 49.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 86% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.45M
Fixed assets
€628k ▲ 170%
Current assets
€823k ▲ 18.4%
Equity and liabilities €1.45M
Equity
€41k ▲ 36.0%
Debt
€1.41M ▲ 57.0%
Debt's share of the balance-sheet total rises from 96.7% to 97.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€80k▲
2023 · €42k
Cash flow
€29k▲
2023 · €16k
Current ratio
1.54▲
2023 · 1.34
Quick ratio
0.46▲
2023 · 0.37
Debt to equity
34.31▲
2023 · 29.71
ROE
26.5%▲
2023 · 24.2%
ROA
0.8%▼
2023 · 0.8%
Interest coverage
1.62▼
2023 · 1.90
Debt ≤ 1 year
€533k▲
2023 · €518k
Debt > 1 year
€854k▲
2023 · €368k
Income taxes
€6k▲
2023 · €4k
Staff costs
€13k▼
2023 · €54k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€928k€1.45M▲
Fixed assets21/28€233k€628k▲
Tangible fixed assets22/27€233k€627k▲
Land and buildings22€205k€605k▲
Plant, machinery and equipment23€14k€9k▼
Furniture and vehicles24€13k€13k▲
Financial fixed assets28€383€383=
Current assets29/58€695k€823k▲
Stocks and contracts in progress3€503k€577k▲
Stocks30/36€503k€577k▲
Amounts receivable within one year40/41€184k€207k▲
Trade receivables40€162k€182k▲
Other amounts receivable41€22k€25k▲
Cash at bank and in hand54/58€6k€38k▲
Deferred charges and accrued income490/1€3k€25▼
Equity and liabilities
Total equity and liabilities10/49€928k€1.45M▲
Equity10/15€30k€41k▲
Contributions10/11€19k€19k=
Revaluation surpluses12€3k€3k=
Reserves13-€19k
Distributable reserves133-€19k
Profit (loss) carried forward14€9k€0▼
Amounts payable17/49€897k€1.41M▲
Amounts payable after more than one year17€368k€854k▲
Financial debts170/4€256k€854k▲
Other amounts payable178/9€113k€0▼
Amounts payable within one year42/48€518k€533k▲
Current portion of amounts payable after more than one year42€370k€33k▼
Financial debts43-€360k
Credit institutions430/8-€360k
Trade debts44€92k€31k▼
Suppliers440/4€92k€31k▼
Taxes, remuneration and social security45€13k€11k▼
Taxes450/3€5k€11k▲
Remuneration and social security454/9€8k€0▼
Other amounts payable47/48€43k€99k▲
Accrued charges and deferred income492/3€11k€22k▲
Income statement
Code20232024
Remuneration, social security and pensions62€54k€13k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€18k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€22k€-22k▼
Other operating charges640/8€6k€13k▲
Gross operating margin9900€124k€86k▼
Operating profit (loss)9901€33k€62k▲
Financial income75/76B€479€4k▲
Recurring financial income75€479€4k▲
Financial charges65/66B€22k€50k▲
Recurring financial charges65€22k€50k▲
Profit (loss) for the period before taxes9903€12k€16k▲
Income taxes67/77€4k€6k▲
Profit (loss) for the period9904€7k€11k▲
Profit (loss) for the period to be appropriated9905€7k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€19k▲
Profit (loss) brought forward from the previous period14P€1k€9k▲
Transfer to equity691/2-€19k
To other reserves6921-€19k
Social balance
Average headcount (FTE)9087-0.6
The notes to these accounts (20 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
04-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 277 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 24 days late
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 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 €61k ▲47119%
Net result €61k, the highest in the series.
31-12
Financial
Liquidity times 5current ratio 7.93
Current ratio from 1.67 to 7.93; short-term debt falls from €14k to €11k.
07-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 99 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
04-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Gent · 1 establishment unit since 2004
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.
Elyzeese Velden 109000 GentGround area
329 m²
Building footprint
144 m²
Volume, LiDAR
967 m³
Parcel 44810K0257/00Y002, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CORBO
since 20042.136.528.631
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44810K0257/00Y002 | Flanders | 329 m² | 1 · 144 m² | 11.5 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.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 3 entries · 1,821 EUR awarded · 1,821 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 450 EUR | 450 EUR |
| 2022 | 1 | 371 EUR | 371 EUR |
Schemes
Premie kwalificerend werkplekleren
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
2 live approvals · 1 endedMedewerker ruwbouw (vwo)
Medewerker ruwbouw duaal (so)
Show 1 ended approval
Metselaar (so)
Similar companies · same sector, comparable size
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MASTERDAK
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ROOFSERVICE
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Of 8,561 companies in sector 43410 we hold annual accounts for 4,357. 3,586 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43410Roofing work
68121Development of residential building projects
43110Demolition
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43320Joinery installation
43990Other specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.