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CORCOVADO

Active
Private limited companyfounded 2003active for 22 yearsElzen 186, 3920 Lommel, BelgiumKBO/BCE: BE 0861.557.958
Summary

CORCOVADO has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23.5m and a net result of €479,818. Equity is growing by about 64% per year across the filed financial years. Its solvency ranks better than 93% of 3,695 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Activity
Raising of sheep and goats
NACE 01450Non-scheduled passenger transport by road NACE 49320
2nd largest company by equity in Limburg, Crop and animal production sector1 site
Size
€26.6mtotal assets 2025
Staff
4 FTE
Equity
€23.5m
Profit
€479,818
Turnover not published (abbreviated or micro format)
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Holdings
2
Accounts filed 76 days late1 of 7 deeds read
Why 96raises riskLatest accounts 76 days late; 1 of the last 3 lateLiquidity: current ratio 3.19, cash €1.6mlowers riskSize: total assets €26.6mFounded in 2003Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 65% of its sector peers (NACE 01, medium-sized)
Financial strength · tick = 2024
Strong
Solvency 100=
equity 88.5% of total assets
Liquidity 56-10
short-term debt 11.5% · cash 5.9%
Profitability 59+43
return on assets 1.8%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (76 companies, NACE 01, medium-sized)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024lowest value 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: 0.1%▲ +0.1 percentage points vs 08-2026highest value 10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026
Credit of up to €2,250,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.19, above the usual 1.5; short-term debt: 11.5% and cash: 5.9% of total assets), and 11.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, medium-sized): better than 92% on solvency, 78% on liquidity, 39% on profitability and 51% on growth.

The bankruptcy probability was computed on 22-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Latest accounts 76 days late; 1 of the last 3 late
NBB · filings
lowers risk · Size: total assets €26.6m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 2003
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Liquidity: current ratio 3.19, cash €1.6m
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
76 days late
2024
22 days early
2023
34 days early
2022
30 days late
2021
78 days late
2020
90 days late
2019
61 days late
← 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 40 days after the deadline; the sector median (NACE 01) for financial year 2024 is 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 August (4 of the last 5 filed years within 52 days of that day).
Companies Code · seven months
Where today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Resignation: Ines VAN DEN BOSCH (director)Appointment: BV Maison Inessia (vervangend…
  3. Back to profitnet €479,818

Key points

  • Positive: Back in profit in 2025after -€553,600 in 2024 €479,818 View
  • Positive: Among the best 5% on net resultsector median €7,162 · 3,692 companies €479,818 View
  • Caution: Board changedlatest change 13-03-2026 · 1 in office 1 joined · 1 left View
  • Caution: Latest accounts filed lateafter the legal deadline 76 days View

By topic

Financials

Financial year
2025
Total assets
€26.6m
Profit
€479,818
Solvency
88.5%
Total assets▲ 15.0%
Net result
20182025
Go to Financials

Timeline

Events
32
Since
2005
Next accounts
by 31-07-2027
  1. 09-07-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 27-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Raising of sheep and goatsNACE 01450
Founded
07-11-2003
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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