Equity
-€411
Debts exceed assets in financial year 2025.
Core Engineering Services
Overview
Lifetime
2 annual accounts with figures on one time axispeak -€312 (2025)
-€312▲ €2,334
lowest -€3,021 (2024)
-€389▲ €2,632
peak -€21 (2024)
-€411▼ €389
€944▲ 76.4%
Board1 name since 2024
1 directorKHADRA Rony
Documentsfilings and deeds
01-08-20261 day late
2025micro format
Gross margin from -€2,647 to -€312Loss of €389Equity from -€21 to -€411Debts from €535 to €944Cash from €46 to €2
Key points
from the 2025 annual accountsLosses
-€3,411 in two years
The 2024 and 2025 financial years closed with a loss. 2024 was the heaviest.
Position in the sector
-76.9%
Lower solvency than 95% of companies in architecture and engineering. Sector median 53.9% · 11,794 companies.
2025 accounts filed 1 day after the deadlineTurnover not published (micro format)
Checked score
52
Fair
Financially stronger than 2% of micro companies in architecture and engineering (NACE 71)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
09-2025: 1.0%lowest value
10-2025: 1.0%● unchanged vs 09-2025lowest value
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.0%● unchanged vs 12-2025
02-2026: 1.0%● unchanged vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 1.0%● unchanged vs 03-2026
05-2026: 1.0%● unchanged vs 04-2026
06-2026: 1.0%● unchanged vs 05-2026
07-2026: 1.1%▲ +0.1 percentage points vs 06-2026
08-2026: 1.6%▲ +0.5 percentage points vs 07-2026highest value
09-2026: 1.4%▼ -0.2 percentage points vs 08-2026
10-2026: 1.4%● unchanged vs 09-2026
11-2026: 1.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
No registered site in the KBO
Negative equity -€411
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Size: total assets €534
Calculation
The band follows from the bankruptcy probability. 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 71, micro). It does better than 3% of them on solvency, 2% on liquidity, 4% on profitability and 0% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as Core Engineering Services has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Core Engineering Services itself is lower: 1.4% within 12 months. It rests on far more data about Core Engineering Services than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for Core Engineering Services. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
The balance sheet total is too small for a liquidity verdict. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2425
2024 to 2025 · latest year -€411
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2025 accounts filed 1 day late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-08-2026, 1 day 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 · 2 filingsDeviation from the deadline
2025
1 day late
2024
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 2 accounts on average 16 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% 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.
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Incorporation
Founding capital of €3,000, 100 shares · Founder: KHADRA Rony (comparant) · Appointment: KHADRA Rony (director) · published on 07-08-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Core Engineering Services Ixelles | €534 | -€312 | -76.9% | - |
| CYSTEM solutions Heist-op-den-Berg | €599 | -€1,533 | 85.1% | - |
| AMD PRO SERVICES Brussels | €969 | -€19,432 | -1837.3% | - |
| ZEENAH Anderlecht | €576 | -€469 | 5.4% | - |
| Energysloth Antwerp | €402 | -€1,245 | -1365.9% | - |
| Mevotar Engineering Stekene | €496 | -€3,915 | -688.2% | - |
| jurn-e Brussels | €834 | -€195 | 100.0% | - |
These companies have the same main activity as Core Engineering Services: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €402 and €969, founded between 2022 and 2025.
Official details
Source: KBO- Status
- Active since 05-08-2024Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 2 others
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- -€312▲ 88.2%
- €389▼ 87.1%
- -€411▼ 1,832%
- €534▲ 3.8%
- Filing
- Filed on 01-08-2026
Insights on Core Engineering Services
Core Engineering Services has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€411) and a net result of -€389.
Its solvency ranks better than 5% of 11,794 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 01-08-2026, 1 day late-€312
▲ €2,334
-€378
▲ €2,643
-€389
▲ €2,632
-€411
▼ €389
-
-
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €534 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
534 | 514 | |
29/58 |
534 | 514 | |
40/41 |
531 | 468 | |
41 |
531 | 468 | |
54/58 |
2 | 46 | |
| Balance sheet: equity and liabilities | |||
10/49 |
534 | 514 | |
10/15 |
-411 | -21 | |
10/11 |
3,000 | 3,000 | |
14 |
-3,411 | -3,021 | |
17/49 |
944 | 535 | |
42/48 |
944 | 535 | |
44 |
400 | 387 | |
440/4 |
400 | 387 | |
47/48 |
545 | 148 | |
| Income statement | |||
9900 |
-312 | -2,647 | |
640/8 |
66 | 375 | |
9901 |
-378 | -3,021 | |
65/66B |
11 | - | |
65 |
11 | - | |
9903 |
-389 | -3,021 | |
9904 |
-389 | -3,021 | |
9905 |
-389 | -3,021 | |
| Appropriation of the result | |||
9906 |
-3,411 | -3,021 | |
14P |
-3,021 | - | |
| Document | |||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 01-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 1 day after the deadline. Filed on 1 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00371147.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| -43 | - | ||
| -411 | -21 |
The ratios are withheld because a balance sheet total of €534 is too small for a meaningful ratio.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on Core Engineering Services
The operating result for 2025 is a loss of €378, smaller than the loss of €3,021 in 2024.
Equity is negative. Debt (€944) exceeds the balance-sheet total (€534).
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 07-08-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 01-08-2026
Mandates through the years
1 name, the dashed line is todayKHADRA Rony
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- KHADRA Rony
- Director (not named in the articles), appointed by deed of 07-08-2024, still in office
Control
Capital
- Contribution
- €3,000
- Shares
- 100
- Contribution per share
- €30
- Equity per share
- -€4.11 in 2025
- Source
- deed of 07-08-2024
Articles of association
deed of 07-08-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- At least 1 director
- Financial yearThe company draws up its annual accounts over this twelve-month period.
- “TITRE VI. EXERCICE SOCIAL REPARTITION - RESERVES Article 20. Exercice social L'exercice social commence le … et finit … de chaque année. A…”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 18:00
Shareholders
At incorporation
deed of 07-08-2024 ↗
- KHADRA Rony 100 shares (100%) · in cash
Network & group
No group
Core Engineering Services has no parent and no holdings in its annual accounts. KHADRA Rony is the only director. Core Engineering Services shares no director with another company.
At the same address
Camille Lemonnierstraat 68, 1050 Ixelles · 4 other companies| DR MARC ADLER
registered office since 25-08-2025 · founded in 2008 |
total assets €1.2m (2025) 0896.623.656 |
| BRUSSELS REAL ESTATE & PROPERTIES
registered office since 10-07-2006 · founded in 2006 |
total assets €328,279 (2025) 0882.417.809 |
| Moly, Maxime (sole trader)
establishment since 01-04-2026 |
founded in 2026 1037.342.546 |
| Association des copropriétaires de la Résidence à Ixelles, rue Camille Lemonnier 68
registered office since 10-08-2006 |
founded in 2006 0887.869.110 |
Timeline
Timeline
3 events since 2024Filings
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 1 day late
2025
Annual accounts 2024 filed NBBmicro format · 31 days late
2024
IncorporationFounding capital of €3,000, 100 shares · Founder: KHADRA Rony (comparant) · Appointment: KHADRA Rony (director) · published on 07-08-20246 points ▸
- Founder, KHADRA Rony (comparant)
- Founding capital, €3,000, 100 shares
- 100 shares
- Registered office clause, Rue Camille Lemonnier 68, 1050 Ixelles
- Board rule, 1, 3
- Director appointment, KHADRA Rony (director (not named in the articles))
- The deed holds 3 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Core Engineering Services was incorporated on 5 August 2024 as a private limited company by one natural person, with a starting capital of €3,000.12 KHADRA Rony is director of the company, appointed by deed of 07-08-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1012.214.004
- VAT number
- BE 1012.214.004
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 05-08-2024
- Financial year
- ends on 31 December
- Financial yearThe company draws up its annual accounts over this twelve-month period.
- “TITRE VI. EXERCICE SOCIAL REPARTITION - RESERVES Article 20. Exercice social L'exercice social commence le … et finit … de chaque année. A…”deed of 07-08-2024 (in French)
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 18:00deed of 07-08-2024 (in French)
- Peppol
- Not found in the Peppol Directory
- Name
- Core Engineering Services in French
- Abbreviation
- CES in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 07-08-2024 (in French)
- Name clauseThe company operates under this name according to its articles.
- Core Engineering Servicesdeed of 07-08-2024 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 07-08-2024 (in French)
Activities
NACEBEL 202571121
Engineering and related technical consultancy, excluding land surveyors main activity
Codes under NACEBEL 2008
71121
Engineering activities main activity
81100
Combined facilities support activities
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Le développement et la commercialisation de produits et la prestation de conseils et de services dans le domaine de l'ingénierie et de…”deed of 07-08-2024 (in French)
2 activities
- Le développement et la commercialisation de produits et la prestation de conseils et de services dans le domaine de l'ingénierie et de l'informatique,notamment par l'exploitation et la commercialisation d'un ou de plusieurs procédés novateurs de haute technologie.
- Tous travaux de recherche en matière de technologies de pointe,ainsi que leur exploitation et diffusion,par quelque moyen que ce soit.
Registered office and establishments
| Camille Lemonnierstraat 68 registered office 1050 Ixelles |
Buildings and parcels at the address
- Ground area
- 311 m²
- Buildings
- 214 m²
- Volume, LiDAR
- 2,763 m³
- Tallest building
- 15.1 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21447B0319/00D006 | 311 m² | 1 · 214 m² | 15.1 m · 5 |