Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of CoreAalst is 0.9% (low). The 2025 annual accounts show equity of €1.96M and a net result of €1.25M. Equity is growing by ~66.4% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 5 annual accounts.
Filing behaviour
From the deposit records, complete market-wideLatest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
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.
How we compute the deadline
The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2025, that is 31-07-2026.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | 30-07-2026 | 1 d early | 2026-00368273 |
| 31-12-2024 | 31-07-2025 | 21-08-2025 | 21 d late | 2025-00399170 |
| 31-12-2023 | 31-07-2024 | 27-06-2024 | 34 d early | 2024-00179403 |
| 31-12-2022 | 31-07-2023 | 27-07-2023 | 4 d early | 2023-00288114 |
| 31-12-2021 | 31-07-2022 | 08-07-2022 | 23 d early | 2022-20182714 |
Source: the National Bank's deposit records, as we have ingested them. NOTE: our copy has a gap across June to August 2026, missing roughly 220,000 deposits; for July we hold 15,605 of about 137,000 expected. A year whose deadline falls in that window shows as not confirmed, not as not filed. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsMore than 3 years active
Founded in 2020, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.9%
Low
0%0,5%1,5%4%10%≥25%
Young company
+Lower-failure-rate sector
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated or micro schema)
EBIT marginNot published (abbreviated or micro schema)
Net result€1.25M+111.2%
Working capital€2.05M+210.8%
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 30-07-2026 with the NBB · fiscal year 2025 · verkort
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~66.4%/year over 5 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
€1.73M
+119.4%
21-25
€1.25M
+111.2%
21-25
€1.27M
+108.9%
21-25
€4.16M
-48.1%
21-25
€1.96M
+175.7%
21-25
€2.05M
+210.8%
21-25
2
+38.5%
21-25
€198k
+29.6%
21-25
Show 12 other metrics
€467k
+121.3%
21-25
€0
-100.0%
21-25
€2.20M
-69.9%
21-25
€2.06M
-71.8%
21-25
€0
-100.0%
21-25
2.00
+83.1%
21-25
2.00
+502.8%
21-25
47.2%
+430.7%
21-25
1.12
-89.1%
21-25
63.7%
-23.4%
21-25
30.1%
+306.5%
21-25
208.69
+125.4%
21-25
Figures by fiscal year
| Fiscal year | 2025 |
|---|---|
| Deposit | verkort |
| Revenue | - |
| EBITDA | €1.73M |
| Net profit | €1.25M |
| Cash flow | €1.27M |
| Staff costs | €198k |
| Income taxes | €467k |
| Dividends | €0 |
| Total assets | €4.16M |
| Equity | €1.96M |
| Debt | €2.20M |
| of which ≤ 1y | €2.06M |
| of which > 1y | - |
| Working capital | €2.05M |
| Employees (FTE) | 1.8 |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 2.00 |
| Quick ratio | 2.00 |
| Working capital ratio | 49.4% |
| Solvency | 47.2% |
| Debt / equity | 1.12 |
| Long-term debt ratio | - |
| Interest coverage | 208.69 |
| Gross margin | - |
| Net margin | - |
| ROA | 30.1% |
| ROE | 63.7% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €4.16M |
| Fixed assets | 21/28 | €46k |
| Intangible fixed assets | 21 | €15k |
| Tangible fixed assets | 22/27 | €31k |
| Financial fixed assets | 28 | €0 |
| Current assets | 29/58 | €4.11M |
| Stocks & contracts in progress | 3 | €0 |
| Amounts receivable within one year | 40/41 | €2.78M |
| Cash & bank | 54/58 | €1.33M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €4.16M |
| Equity | 10/15 | €1.96M |
| Contributions / capital | 10/11 | €28k |
| Reserves | 13 | €1.94M |
| Accumulated profits (losses) | 14 | €0 |
| Amounts payable | 17/49 | €2.20M |
| Amounts payable within one year | 42/48 | €2.06M |
| Trade debts payable within one year | 44 | €477k |
| Income statement | ||
| Gross operating margin | 9900 | €1.94M |
| Operating result | 9901 | €1.71M |
| Financial income | 75 | €15k |
| Financial charges | 65 | €8k |
| Result before taxes | 9903 | €1.72M |
| Income taxes | 67/77 | €467k |
| Net result for the period | 9904 | €1.25M |
| Result to be appropriated | 9905 | €1.25M |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2025 · computed94
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Structure & network
Shareholders
28 shareholdersBARBATO Emanuele
BARTUNEK Jozef
BROUWERS Sofie
CASSELMAN Filip
CASTELEIN Thomas
COLLET BORTONE Carlos
CUYPERS Sofie
Dan Schelfaut
DAUW Jeroen
DE BRUYNE Bernard
DE POTTER Tom
DE SCHOUWER Koen
DEGRIECK Ivan
DIERCKX Riet
GEELEN Petrus
HEGGERMONT Ward
LEEMAN Jan
PENICKA Martin
PEYTCHEV Peter
SONCK Jeroen
SPAPEN Jerrold
Stijn Wouters
STOCKMAN Bernard
VAN CAMP Guy
Van Praet Frank
VANDERHEYDEN Marc
WILGENHOF Adriaan
WYFFELS Eric
Derived from capital & share acts in the Belgian State Gazette. Percentages appear where published.
Connections & network
1 connected companyLinked via shared directors
viaStijn Wouters · Director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Capucienenlaan 93A9300 AalstEstablishment units
1 locationCoreAalst
since 20202.309.256.729
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area2,406 m²
Buildings1
Building footprint2,522 m²
Volume (LiDAR)28,255 m³
Tallest building26.5 m · ±4 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41002B0207/00Y009 | Flanders | 2,406 m² | 1 · 2,522 m² | 26.5 m · 4 fl. |
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.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
5 acts Capital history · 1
07-07-2025
CoreAalst BV (KBO 0755.485.389), BAV held before notary Frank VERLINDE (Asse) on 26 June 2025, decided unanimously (met eenparigheid van stemmen). The act is overwhelmingly statutory: it introduces a …
Address history · 1
08-01-2025
Registered-office move
All acts · 5
updated 1 year ago
2025
22-07-2025 5 directors appointed
- Johannes hubertus Peter Brons, Algemeen directeur
- Tanja De Naeyer, Vaste vertegenwoordiger
- Dominique Jaminet, Vaste vertegenwoordiger
- Valira Baleci, Vaste vertegenwoordiger
- Kaat Willems, Vaste vertegenwoordiger
07-07-2025 Restructuring of share classes
Summary:
CoreAalst BV (KBO 0755.485.389), BAV held before notary Frank VERLINDE (Asse) on 26 June 2025, decided unanimously (met eenparigheid van stemmen). The act is overwhelmingly statutory: it introduces a …Notary:
Frank VERLINDE · AsseFirm:
DE PUYDT, VERLINDE & TAELEMANS BV
08-01-2025 Registered office moved to Aalst
- Healthhub, Health Hub Aalst, Capucienenlaan 93A, 9300 Aalst
2024
22-08-2024 6 directors appointed
- Jozef Bartúnek, Bestuurder
- Carlos Collet Bortone, Bestuurder
- Jeroen Sonck, Bestuurder
- Tom De Potter, Bestuurder
- Ward Heggermont, Bestuurder
- Nicolas Foin, Onafhankelijk bestuurder
14-06-2024 2 directors appointed, 1 resigning
- Ward Heggermont, Bestuurder
- Nicolas Foin, Onafhankelijk bestuurder
- Peter Peytchev, Bestuurder
Analysis
Financial profile
5 of 5 axes measured92
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
100
Solvency
92
Growth
78
Stability
94
Credit advice
verdict per customer and amountSimilar
Similar companies
Same sector and regionBE 0733.636.437 · Aalst
BE 0629.850.791 · Aalst
BE 0826.130.192 · Aalst
BE 1024.946.243 · Aalst
BE 0535.559.071 · Aalst
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 148 of the 1,176 companies in this sector.
Company registry
Company registry (CBE)
Crossroads BankActivities
Overig speur- en ontwikkelingswerk op natuurwetenschappelijk gebied72109Computerinfrastructuur, gegevensverwerking, hosting en aanverwante activiteiten63100Gegevensverwerking, webhosting en aanverwante activiteiten63110Overige dienstverlenende activiteiten op het gebied van informatie63920Overige dienstverlenende activiteiten op het gebied van informatie, n.e. g.63990Overige gespecialiseerde wetenschappelijke en technische activiteiten74909Overige activiteiten van vrije beroepen en andere wetenschappelijke en technische activiteiten, neg74999
Primary activity highlighted.
Names & trade names
| Legal nameNL | CoreAalst |
Registered office
Capucienenlaan 93A
9300 Aalst, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.