CORCED
ActiveSummary
CORCED has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €245,229 and a net result of €36,925. Equity is growing by ~25.6% per year across the filed fiscal years. Its solvency ranks better than 88% of 6159 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+4
Solvency100▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity tight (current ratio 1.32 against 0.99 in 2023; short-term debt: 23.2% and cash: 6.2% of total assets), and 23.2% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-06-2025, 37 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not confirmed
2024
37 d early
2023
37 d early
2022
48 d early
2021
38 d early
2020
50 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 41 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 48% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€245,229▲ 17.7%
2023 · €208,303
Total assets
€319,185▲ 8.8%
2023 · €293,273
Net result
€36,925▲ 49.9%
2023 · €24,640
Working capital
€23,360
2023 · -€474
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
Line20202021202220232024
Operating result€32,608▲ 17.0%€28,972▼ 11.2%€26,460▼ 8.7%€25,590▼ 3.3%€59,005▲ 131%
Net result€22,210▲ 18.9%€48,563▲ 119%€54,693▲ 12.6%€24,640▼ 54.9%€36,925▲ 49.9%
Equity€105,408▲ 26.0%€153,971▲ 46.1%€183,664▲ 19.3%€208,303▲ 13.4%€245,229▲ 17.7%
Total assets€266,423▲ 1.6%€293,946▲ 10.3%€296,068▲ 0.7%€293,273▼ 0.9%€319,185▲ 8.8%
Debt€161,015▼ 9.8%€139,975▼ 13.1%€112,405▼ 19.7%€84,970▼ 24.4%€73,957▼ 13.0%
Working capital-€29,168▲ 8.4%-€1,083▲ 96.3%-€5,247▼ 384%-€474▲ 91.0%€23,360
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 2024; 2024 is 131% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €319,185
Fixed assets
€221,869 ▲ 2.4%
Current assets
€97,316 ▲ 26.9%
Equity and liabilities €319,185
Equity
€245,229 ▲ 17.7%
Debt
€73,957 ▼ 13.0%
Debt's share of the balance-sheet total falls from 29.0% to 23.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€60,656▲
2023 · €27,670
Cash flow
€38,576▲
2023 · €26,720
Current ratio
1.32▲
2023 · 0.99
Debt to equity
0.30▼
2023 · 0.41
ROE
15.1%▲
2023 · 11.8%
ROA
11.6%▲
2023 · 8.4%
Interest coverage
18.84▲
2023 · 7.97
Debt ≤ 1 year
€73,957▼
2023 · €77,142
Income taxes
€18,860▲
2023 · €7,132
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,289 | €7,431 | €3,293 | €2,081 | €1,651 | ▼ 20.7% |
| Other operating charges640/8 | - | €2,120 | €1,897 | €793 | €485 | ▼ 38.8% |
| Gross operating margin9900 | €41,793 | €38,524 | €31,651 | €28,463 | €61,141 | ▲ 115% |
| Operating profit (loss)9901 | €32,608 | €28,972 | €26,460 | €25,590 | €59,005 | ▲ 131% |
| Financial income75/76B | - | €33,814 | €40,180 | €11,916 | - | - |
| Recurring financial income75 | €0 | €33,814 | €40,180 | €11,916 | - | - |
| Financial charges65/66B | - | €2,850 | €1,948 | €5,733 | €3,220 | ▼ 43.8% |
| Recurring financial charges65 | €3,518 | €2,850 | €1,948 | €3,473 | €3,220 | ▼ 7.3% |
| Non-recurring financial charges66B | - | - | - | €2,260 | - | - |
| Profit (loss) for the period before taxes9903 | €29,091 | €59,936 | €64,693 | €31,772 | €55,786 | ▲ 75.6% |
| Income taxes67/77 | €6,881 | €11,373 | €10,000 | €7,132 | €18,860 | ▲ 164% |
| Profit (loss) for the period9904 | €22,210 | €48,563 | €54,693 | €24,640 | €36,925 | ▲ 49.9% |
| Profit (loss) for the period to be appropriated9905 | €22,210 | €48,563 | €54,693 | €24,640 | €36,925 | ▲ 49.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €266,423 | €293,946 | €296,068 | €293,273 | €319,185 | ▲ 8.8% |
| Formation expenses20 | €228 | - | - | - | - | - |
| Fixed assets21/28 | €215,259 | €213,729 | €219,789 | €216,605 | €221,869 | ▲ 2.4% |
| Tangible fixed assets22/27 | €7,209 | €5,679 | €11,739 | €8,555 | €13,819 | ▲ 61.5% |
| Plant, machinery and equipment23 | - | €5,531 | €8,760 | €7,398 | €12,951 | ▲ 75.1% |
| Furniture and vehicles24 | - | €148 | €2,979 | €1,157 | €868 | ▼ 25.0% |
| Financial fixed assets28 | €208,050 | €208,050 | €208,050 | €208,050 | €208,050 | = |
| Current assets29/58 | €50,935 | €80,217 | €76,280 | €76,668 | €97,316 | ▲ 26.9% |
| Amounts receivable within one year40/41 | €9,276 | €68,198 | €69,987 | €72,383 | €13,030 | ▼ 82.0% |
| Trade receivables40 | - | €14,453 | €11,639 | €6,844 | €13,030 | ▲ 90.4% |
| Other amounts receivable41 | - | €53,745 | €58,348 | €65,539 | - | - |
| Current investments50/53 | - | - | - | - | €61,347 | - |
| Cash at bank and in hand54/58 | €41,659 | €12,020 | €6,143 | €4,285 | €19,931 | ▲ 365% |
| Deferred charges and accrued income490/1 | - | - | €150 | - | €3,009 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €266,423 | €293,946 | €296,068 | €293,273 | €319,185 | ▲ 8.8% |
| Equity10/15 | €105,408 | €153,971 | €183,664 | €208,303 | €245,229 | ▲ 17.7% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Capital10 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €2,938 | €47,938 | €77,938 | €100,938 | €135,938 | ▲ 34.7% |
| Non-distributable reserves130/1 | - | €2,938 | €2,938 | €2,938 | €2,938 | = |
| Legal reserve130 | - | €2,938 | €2,938 | €2,938 | €2,938 | = |
| Distributable reserves133 | - | €45,000 | €75,000 | €98,000 | €133,000 | ▲ 35.7% |
| Profit (loss) carried forward14 | €96,271 | €99,834 | €99,526 | €101,166 | €103,091 | ▲ 1.9% |
| Amounts payable17/49 | €161,015 | €139,975 | €112,405 | €84,970 | €73,957 | ▼ 13.0% |
| Amounts payable after more than one year17 | €80,911 | €58,674 | €30,878 | €7,828 | - | - |
| Financial debts170/4 | - | €58,674 | €30,878 | €7,828 | - | - |
| Amounts payable within one year42/48 | €80,104 | €81,301 | €81,527 | €77,142 | €73,957 | ▼ 4.1% |
| Current portion of amounts payable after more than one year42 | - | €22,237 | €22,415 | €23,050 | €7,828 | ▼ 66.0% |
| Trade debts44 | €1,837 | €6,827 | €1,512 | €271 | €1,809 | ▲ 568% |
| Suppliers440/4 | - | €6,827 | €1,512 | €271 | €1,809 | ▲ 568% |
| Taxes, remuneration and social security45 | - | €23,237 | €23,858 | €13,854 | €30,757 | ▲ 122% |
| Taxes450/3 | - | €23,237 | €23,858 | €11,451 | €30,757 | ▲ 169% |
| Remuneration and social security454/9 | - | - | - | €2,403 | - | - |
| Other amounts payable47/48 | - | €29,000 | €33,742 | €39,967 | €33,564 | ▼ 16.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22,210 | €48,563 | €54,693 | €24,640 | €36,925 | ▲ 49.9% |
| + Depreciation and write-downs630 | €7,289 | €7,431 | €3,293 | €2,081 | €1,651 | ▼ 20.7% |
| Operating cash flow (approximation) | €29,499 | €55,994 | €57,986 | €26,720 | €38,576 | ▲ 44.4% |
| Investment in fixed assets (approximation) | - | -€5,901 | -€9,353 | €1,103 | -€6,914 | ▼ 727% |
| Change in cash | - | -€29,639 | -€5,877 | -€1,857 | €15,645 | ▲ 942% |
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
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €200,000Eq €208,303 ▲13.4%
6 profitable years in a row build equity to €208,303.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €54,693 ▲12.6%
Net result €54,693, the highest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150,000Eq €153,971 ▲46.1%
4 profitable years in a row build equity to €153,971.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100,000Eq €105,408 ▲26%
3 profitable years in a row build equity to €105,408.
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Charleroi · 1 establishment unit since 2017
Ground area
1,039 m²
Building footprint
92 m²
Volume, LiDAR
775 m³
Parcel 52362A0003/00A002, Wallonia · tallest building 12.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CORCED
since 20172.260.052.587
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52362A0003/00A002 | Wallonia | 1,039 m² | 1 · 92 m² | 12.3 m · 3 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
98%
According to the 2024 annual accounts of CORCED and those 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.
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Of 21,734 companies in sector 96210 we hold annual accounts for 2,832. 1,198 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
Founded05-01-2017
Fiscal year end31-12
Activities, NACEBEL 2025
96210Hairdressing and barber services
47750Retail sale of cosmetics and toilet articles
62100Computer programming
62200Computer consultancy and computer facilities management
68110Buying and selling of own real estate
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0668759174
Also
9925:BE0668759174
Registered
29-10-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.