COREBRA
ActiveSummary
The computed 12-month bankruptcy probability of COREBRA is 4.5% (elevated). The 2025 annual accounts show negative equity (€-5k) and a net result of €-2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 13417 sector peers (fiscal year 2025). The company has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth38▲+10
Track record100
Bankruptcy probability, 12 months
4.5%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check 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 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Age of the figures
Age of the figures
9 mo
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
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-5k
neutral · 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
92 d late
2023
31 d late
2022
29 d late
2021
122 d late
2020
31 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€500▼ 99.4%
2023 · €85k
2021: €94k
2022: €173k▲ +84.6% vs 2021highest value
2023: €85k▼ -50.8% vs 2022
2025: €500lowest value
2021 → 2025
EBIT margin
-388.1%▼ 388.0pp
2023 · 0.0%
2021: 7.7%highest value
2022: -4.8%▼ -162% vs 2021
2023: 0.0%▲ +99.8% vs 2022
2025: -388.1%lowest value
2021 → 2025
Net result
€-2k▲ 75.3%
2024 · €-8k
2018: €-4k
2019: €-8k▼ -82.2% vs 2018
2020: €-12k▼ -56.3% vs 2019lowest in 8 years
2021: €7k▲ +159% vs 2020highest in 8 years
2022: €-9k▼ -224% vs 2021
2023: €435▲ +105% vs 2022
2024: €-8k▼ -1950% vs 2023
2025: €-2k▲ +75.3% vs 2024
2018 → 2025
Working capital
€-5k▼ 65.5%
2024 · €-3k
2018: €11khighest in 8 years
2019: €4k▼ -64.2% vs 2018
2020: €-3k▼ -179% vs 2019
2021: €2k▲ +156% vs 2020
2022: €-10k▼ -694% vs 2021lowest in 8 years
2023: €5k▲ +150% vs 2022
2024: €-3k▼ -160% vs 2023
2025: €-5k▼ -65.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€94k-€173k▲ 84.6%€85k▼ 50.8%€500
2021: €94k
2022: €173k▲ +84.6% vs 2021highest value
2023: €85k▼ -50.8% vs 2022
2025: €500lowest value
Equity€13k-€5k▼ 65.3%€5k▲ 9.5%€-3k€-5k▼ 65.5%
2021: €13khighest in 5 years
2022: €5k▼ -65.3% vs 2021
2023: €5k▲ +9.5% vs 2022
2024: €-3k▼ -160% vs 2023
2025: €-5k▼ -65.5% vs 2024lowest in 5 years
Operating result€7k-€-8k€-9▲ 99.9%€-8k▼ 92,917%€-2k▲ 75.7%
2021: €7khighest in 5 years
2022: €-8k▼ -214% vs 2021lowest in 5 years
2023: €-9▲ +99.9% vs 2022
2024: €-8k▼ -92917% vs 2023
2025: €-2k▲ +75.7% vs 2024
Net result€7k-€-9k€435€-8k€-2k▲ 75.3%
2021: €7khighest in 5 years
2022: €-9k▼ -224% vs 2021lowest in 5 years
2023: €435▲ +105% vs 2022
2024: €-8k▼ -1950% vs 2023
2025: €-2k▲ +75.3% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2k in 2025 against €8k in 2024; the loss shrinks.
Key figures and ratios
Debt
€6k▲
2024 · €5k
Debt ≤ 1 year
€6k▲
2024 · €5k
Ratios withheld: a balance sheet total of €500 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2k€500▼
Fixed assets21/28€0€0=
Tangible fixed assets22/27€0€0=
Furniture and vehicles24€0€0=
Current assets29/58€2k€500▼
Amounts receivable within one year40/41€2k€500▼
Trade receivables40-€500
Other amounts receivable41€2k€0▼
Cash at bank and in hand54/58-€0
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€2k€500▼
Equity10/15€-3k€-5k▼
Contributions10/11€19k€19k=
Outside capital11€19k-
Other1109/19€19k-
Reserves13€7k€7k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€5k€5k=
Profit (loss) carried forward14€-28k€-30k▼
Amounts payable17/49€5k€6k▲
Amounts payable within one year42/48€5k€6k▲
Financial debts43€958€1k▲
Credit institutions430/8€958€1k▲
Trade debts44€726€375▼
Suppliers440/4€726€375▼
Taxes, remuneration and social security45€0€0=
Taxes450/3-€0
Remuneration and social security454/9€0-
Other amounts payable47/48€3k€4k▲
Income statement
Code20242025
Turnover70-€500
Goods, raw materials, services and sundry goods60/61€2k€3k▲
Remuneration, social security and pensions62€6k-
Other operating charges640/8€0€85▲
Non-recurring operating charges66A€619-
Gross operating margin9900€-2k€-2k▼
Operating profit (loss)9901€-8k€-2k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€67€45▼
Recurring financial charges65€67€45▼
Profit (loss) for the period before taxes9903€-8k€-2k▲
Profit (loss) for the period9904€-8k€-2k▲
Profit (loss) for the period to be appropriated9905€-8k€-2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€-30k▼
Profit (loss) brought forward from the previous period14P€-20k€-28k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €94k | €173k | €85k | - | €500 | - |
| Non-recurring operating income76A | - | - | €45k | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €97k | €151k | €71k | €2k | €3k | ▲ 55.9% |
| Remuneration, social security and pensions62 | €1k | €25k | €68k | €6k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €4k | - | - | - | - |
| Other operating charges640/8 | €1k | €2k | €2k | €0 | €85 | - |
| Non-recurring operating charges66A | - | - | €4k | €619 | - | - |
| Gross operating margin9900 | €13k | €24k | €74k | €-2k | €-2k | ▼ 0.3% |
| Operating profit (loss)9901 | €7k | €-8k | €-9 | €-8k | €-2k | ▲ 75.7% |
| Financial income75/76B | - | €1 | €512 | €0 | - | - |
| Recurring financial income75 | - | €1 | €512 | €0 | - | - |
| Financial charges65/66B | €102 | €253 | €69 | €67 | €45 | ▼ 32.6% |
| Recurring financial charges65 | €102 | €253 | €69 | €67 | €45 | ▼ 32.6% |
| Profit (loss) for the period before taxes9903 | €7k | €-8k | €435 | €-8k | €-2k | ▲ 75.3% |
| Income taxes67/77 | €145 | €146 | - | - | - | - |
| Profit (loss) for the period9904 | €7k | €-9k | €435 | €-8k | €-2k | ▲ 75.3% |
| Profit (loss) for the period to be appropriated9905 | €7k | €-9k | €435 | €-8k | €-2k | ▲ 75.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €21k | €26k | €9k | €2k | €500 | ▼ 75.3% |
| Fixed assets21/28 | €12k | €15k | €0 | €0 | €0 | - |
| Tangible fixed assets22/27 | €8k | €11k | €0 | €0 | €0 | - |
| Plant, machinery and equipment23 | €2k | €3k | €0 | - | - | - |
| Furniture and vehicles24 | €6k | €8k | €0 | €0 | €0 | - |
| Financial fixed assets28 | €3k | €3k | €0 | - | - | - |
| Current assets29/58 | €10k | €11k | €9k | €2k | €500 | ▼ 75.3% |
| Stocks and contracts in progress3 | €4k | €2k | €0 | - | - | - |
| Stocks30/36 | €4k | €2k | €0 | - | - | - |
| Amounts receivable within one year40/41 | €0 | €1k | €8k | €2k | €500 | ▼ 75.3% |
| Trade receivables40 | €0 | €1k | €0 | - | €500 | - |
| Other amounts receivable41 | €0 | €0 | €8k | €2k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €5k | €6k | - | - | €0 | - |
| Deferred charges and accrued income490/1 | €1k | €2k | €961 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €21k | €26k | €9k | €2k | €500 | ▼ 75.3% |
| Equity10/15 | €13k | €5k | €5k | €-3k | €-5k | ▼ 65.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Outside capital11 | €19k | €19k | - | €19k | - | - |
| Other1109/19 | €19k | €19k | - | €19k | - | - |
| Reserves13 | €7k | €7k | €7k | €7k | €7k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €5k | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €-12k | €-21k | €-20k | €-28k | €-30k | ▼ 7.0% |
| Amounts payable17/49 | €8k | €21k | €4k | €5k | €6k | ▲ 9.2% |
| Amounts payable within one year42/48 | €8k | €21k | €4k | €5k | €6k | ▲ 9.2% |
| Financial debts43 | - | - | €694 | €958 | €1k | ▲ 18.6% |
| Credit institutions430/8 | - | - | €694 | €958 | €1k | ▲ 18.6% |
| Trade debts44 | €3k | €5k | €3k | €726 | €375 | ▼ 48.3% |
| Suppliers440/4 | €3k | €5k | €3k | €726 | €375 | ▼ 48.3% |
| Taxes, remuneration and social security45 | €4k | €10k | €0 | €0 | €0 | - |
| Taxes450/3 | €2k | €2k | €0 | - | €0 | - |
| Remuneration and social security454/9 | €2k | €9k | €0 | €0 | - | - |
| Other amounts payable47/48 | €2k | €6k | €0 | €3k | €4k | ▲ 18.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €-9k | €435 | €-8k | €-2k | ▲ 75.3% |
| + Depreciation and write-downs630 | €3k | €4k | - | - | - | - |
| Operating cash flow (approximation) | €10k | €-5k | €435 | €-8k | €-2k | ▲ 75.3% |
| Investment in fixed assets (approximation) | - | €-7k | €15k | €0 | €0 | - |
| Change in cash | - | €885 | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 92 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €435
Net result €435 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.22
Current ratio from 0.53 to 2.22; short-term debt falls from €21k to €4k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 122 days late
2021
31-12
Financial
Back to profitnet €7k
Net result €7k after 3 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 1.21
Current ratio from 0.58 to 1.21.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet €-12k
Net result drops to €-12k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
Show earlier events
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Brussel · 1 establishment unit since 1983
Ground area
2,238 m²
Building footprint
2,136 m²
Volume, LiDAR
28,575 m³
Parcel 21802B1300/00B000, Brussels · tallest building 26.9 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LE PIC NIC
since 19832.022.875.414
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21802B1300/00B000 | Brussels | 2,238 m² | 1 · 2,136 m² | 26.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 20,501 companies in sector 56111 we hold annual accounts for 11,452. 5,040 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded25-04-1983
Fiscal year end31-12
Activities, NACEBEL 2025
56111Full-service restaurants
Scores and ratios are computed by Checked and are not a credit decision.