CORCON
ActiveCORCON has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €304k and a net result of €58k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 65% of 473 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
91
/ 100
Excellent▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▲+70
Solvency87▼-13
Growth35▼-13
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 5.45 in 2024), but 51.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 33
Relative position
BE, all sectors
reference
Sector 33
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
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
48.1%
Return on assets
9.1%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 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 · 10 filingsDeviation from the deadline
2025
26 d late
2024
13 d early
2023
29 d late
2022
42 d early
2021
25 d late
2020
61 d late
2019
27 d late
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€797k▲ 1.9%
2019 · €782k
2019: €782k
2019 → 2020
EBIT margin
11.8%▲ 9.5pp
2019 · 2.3%
2019: 2.3%
2019 → 2020
Net result
€58k▲ 144%
2024 · €24k
2018: €65k
2019: €8k
2020: €73k
2021: €7k
2022: €12k
2023: €42k
2024: €24k
2018 → 2025
Working capital
€237k▼ 37.2%
2024 · €378k
2018: €243k
2019: €252k
2020: €283k
2021: €312k
2022: €315k
2023: €334k
2024: €378k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€399k-€411k▲ 3.0%€453k▲ 10.1%€476k▲ 5.2%€304k▼ 36.2%
Operating result€12k-€24k▲ 102%€59k▲ 143%€34k▼ 42.1%€80k▲ 136%
Net result€7k-€12k▲ 70.1%€42k▲ 248%€24k▼ 43.1%€58k▲ 144%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 136% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €632k
Fixed assets
€67k▼ 32.4%
Current assets
€566k▲ 22.2%
Equity and liabilities €632k
Equity
€304k▼ 36.2%
Debt
€328k▲ 286%
The debt ratio rises from 15.1% to 51.9%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€112k▲
2024 · €73k
Cash flow
€90k▲
2024 · €63k
Solvency
48.1%▼
2024 · 84.9%
Current ratio
1.72▼
2024 · 5.45
Quick ratio
1.72▼
2024 · 5.45
Debt / equity
1.08▲
2024 · 0.18
ROE
19.0%▲
2024 · 5.0%
ROA
9.1%▲
2024 · 4.2%
Interest coverage
74.85▼
2024 · 94.59
Debt
€328k▲
2024 · €85k
Debt ≤ 1 year
€328k▲
2024 · €85k
Income taxes
€25k▲
2024 · €12k
Staff costs
€661k▲
2024 · €646k
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€561k€632k▲
Fixed assets21/28€99k€67k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€99k€67k▼
Land and buildings22€14k€9k▼
Plant, machinery and equipment23€62k€45k▼
Furniture and vehicles24€22k€13k▼
Current assets29/58€463k€566k▲
Amounts receivable within one year40/41€314k€414k▲
Trade receivables40€189k€177k▼
Other amounts receivable41€125k€237k▲
Cash at bank and in hand54/58€146k€149k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€561k€632k▲
Equity10/15€476k€304k▼
Contributions10/11€19k€19k=
Reserves13€458k€285k▼
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€15k€15k=
Distributable reserves133€441k€268k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€85k€328k▲
Amounts payable within one year42/48€85k€328k▲
Trade debts44€0€5k▲
Suppliers440/4€0€5k▲
Taxes, remuneration and social security45€84k€94k▲
Taxes450/3€9k€23k▲
Remuneration and social security454/9€75k€71k▼
Other amounts payable47/48€657€230k▲
Income statement
Code20242025
Remuneration, social security and pensions62€646k€661k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€40k€32k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€722k€775k▲
Operating profit (loss)9901€34k€80k▲
Financial income75/76B€2k€4k▲
Recurring financial income75€2k€4k▲
Financial charges65/66B€777€1k▲
Recurring financial charges65€777€1k▲
Profit (loss) for the period before taxes9903€35k€82k▲
Income taxes67/77€12k€25k▲
Profit (loss) for the period9904€24k€58k▲
Profit (loss) for the period to be appropriated9905€24k€58k▲
Appropriation of the result
Profit (loss) to be appropriated9906€24k€58k▲
Transfer from equity791/2-€172k
Transfer to equity691/2€24k€0▼
To other reserves6921€24k€0▼
Profit to be distributed694/7-€230k
Return on contributions (dividend)694-€230k
Social balance
Average headcount (FTE)90878.88.8=
The notes to these accounts (8 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
26-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 26 days late
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
31-12
Financial
Weakest financial yearnet €7k ▼90.4%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €73k ▲829%
Operating result €94k, net result €73k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 27 days late
2019
04-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 35 days late
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
2013
17-04
State Gazette act
Incorporation · Corporate purpose
Founder · Director appointment
17-04
State Gazette act
Incorporation · Founder
Corporate purpose · Director appointment
Financial milestoneState Gazette actNBB 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, Aalst · 1 establishment unit since 2000
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.
Gustaaf Papestraat 499300 AalstGround area
218 m²
Building footprint
218 m²
Volume, LiDAR
1,263 m³
Parcel 41002A2217/00M007, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Gustaaf Papestraat 49, 9300 Aalst
since 20002.096.628.769
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002A2217/00M007 | Flanders | 218 m² | 1 · 218 m² | 11.3 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
2024 · 1 entry · 998 EUR awarded · 825 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 998 EUR | 825 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 1,221 companies in sector 33200 we hold annual accounts for 675. 495 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-05-2000
Fiscal year end31-12
Activities, NACEBEL
33200Installation of industrial machinery and equipment
33300
71209Other technical testing and analysis
74302
Sources
Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.