CORCHO

Active

Private limited companyfounded 20206 yrs activeStationsstraat 223, 8850 Ardooie, BelgiumKBO/BCE: BE 0747.731.428

The computed 12-month bankruptcy probability of CORCHO is 2.0% (moderate). The 2025 annual accounts show equity of €51k and a net result of €812. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 23% of 27319 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

66 / 100

Healthy▼ -15 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability8▼-92

Solvency46=

Growth52=

Stability100

Bankruptcy probability, 12 months

2.0% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €4k at 30 days acceptable

Liquidity ample (current ratio 1.76 against 1.27 in 2024), but 78.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

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 →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

21.6%

Return on assets

0.3%

Age of the figures

8 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 27319 sector peers (2025).

NBB · sector comparison

Position among 27319 sector peers

Solvency

better than 23%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 5 filings

Deviation from the deadline

2025

31 d late

2024

29 d early

2023

28 d late

2022

32 d early

2021

31 d late

← before the deadline after the deadline →

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 months

Position in the running window

13-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€51k▲ 1.6%

2024 · €51k

2021: €25k 2022: €33k 2023: €34k 2024: €51k

2021 → 2025

Total assets

€238k▲ 24.3%

2024 · €191k

2021: €123k 2022: €157k 2023: €191k 2024: €191k

2021 → 2025

Net result

€812▼ 95.2%

2024 · €17k

2021: €24k 2022: €7k 2023: €1k 2024: €17k

2021 → 2025

Working capital

€72k▲ 218%

2024 · €23k

2021: €17k 2022: €34k 2023: €-9k 2024: €23k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€25k-€33k▲ 29.6%€34k▲ 3.1%€51k▲ 50.2%€51k▲ 1.6%

Operating result€35k-€11k▼ 68.5%€8k▼ 28.0%€38k▲ 385%€13k▼ 66.8%

Net result€24k-€7k▼ 68.3%€1k▼ 86.5%€17k▲ 1,581%€812▼ 95.2%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 67% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €238k

30.2%

69.8%

Fixed assets €72k▼ 14.1%

Current assets €166k▲ 54.2%

Equity and liabilities €238k

21.6%

78.4%

Equity €51k▲ 1.6%

Debt €186k▲ 32.5%

The debt ratio rises from 73.5% to 78.4%: debt grows faster than equity.

Key figures and ratios

2025 value · change against 2024

EBITDA

€40k▼

2024 · €65k

Cash flow

€28k▼

2024 · €44k

Solvency

21.6%▼

2024 · 26.5%

Current ratio

1.76▲

2024 · 1.27

Quick ratio

1.08▲

2024 · 0.70

Debt / equity

3.63▲

2024 · 2.78

ROE

1.6%▼

2024 · 33.4%

ROA

0.3%▼

2024 · 8.8%

Interest coverage

4.14▼

2024 · 5.52

Debt

€186k▲

2024 · €141k

Debt ≤ 1 year

€94k▲

2024 · €85k

Debt > 1 year

€92k▲

2024 · €56k

Income taxes

€2k▼

2024 · €9k

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€191k€238k▲

Fixed assets21/28€84k€72k▼

Tangible fixed assets22/27€84k€72k▼

Plant, machinery and equipment23€40k€43k▲

Furniture and vehicles24€21k€15k▼

Leasing and similar rights25€22k€14k▼

Current assets29/58€108k€166k▲

Stocks and contracts in progress3€48k€64k▲

Stocks30/36€48k€64k▲

Amounts receivable within one year40/41€59k€100k▲

Trade receivables40€26k€59k▲

Other amounts receivable41€34k€42k▲

Cash at bank and in hand54/58€25€1k▲

Equity and liabilities

Total equity and liabilities10/49€191k€238k▲

Equity10/15€51k€51k▲

Contributions10/11€3k€3k=

Reserves13€48k€49k▲

Distributable reserves133€48k€49k▲

Amounts payable17/49€141k€186k▲

Amounts payable after more than one year17€56k€92k▲

Financial debts170/4€56k€92k▲

Amounts payable within one year42/48€85k€94k▲

Current portion of amounts payable after more than one year42€25k€24k▼

Financial debts43€8k€9k▲

Credit institutions430/8€8k€9k▲

Trade debts44€32k€47k▲

Suppliers440/4€32k€47k▲

Taxes, remuneration and social security45€20k€14k▼

Taxes450/3€20k€14k▼

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€27k€28k▲

Other operating charges640/8€2k€3k▲

Gross operating margin9900€67k€43k▼

Operating profit (loss)9901€38k€13k▼

Financial income75/76B€88€10▼

Recurring financial income75€88€10▼

Financial charges65/66B€12k€10k▼

Recurring financial charges65€12k€10k▼

Profit (loss) for the period before taxes9903€26k€3k▼

Income taxes67/77€9k€2k▼

Profit (loss) for the period9904€17k€812▼

Profit (loss) for the period to be appropriated9905€17k€812▼

Appropriation of the result

Profit (loss) to be appropriated9906€17k€812▼

Transfer to equity691/2€17k€812▼

To the legal reserve6920€17k€812▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 1Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

31-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 31 days late

2025

31-12

Financial Weakest financial yearnet €812 ▼95.2%

Net result drops to €812, the lowest in the series.

02-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

28-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 28 days late

2023

29-06

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

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, Ardooie · 1 establishment unit since 2020

establishment approximate The establishment unit on the map

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.

Stationsstraat 2238850 Ardooie

Ground area

349 m²

Building footprint

14 m²

Volume, LiDAR

32 m³

Parcel 36001A0977/00G003, Flanders · tallest building 4.8 m, ±1 floor. Linked by address, not a title deed.

1 establishment unit

CORCHO

Stationsstraat 223, 8850 ArdooieManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20202.304.678.626

1 parcel

Flanders 1 (100%)