Equity
-€90,093
Debts exceed assets in financial year 2025.
COREC
Overview
Lifetime
1 annual account with figurespeak -€91,448 (2025)
-€91,448
lowest -€95,093 (2025)
-€95,093
peak -€90,093 (2025)
-€90,093
€3.6m
Board1 name since 2024
1 directorCOENE Emile Etienne Elie
Documentsfilings and deeds
30-07-20261 day before the deadline
2025abbreviated format
Loss of €95,093First year with figures
Key points
from the 2025 annual accountsDebts
€3.6m 103% of the balance sheet
Financial debts 4%Suppliers 0%Taxes and wages 0%Other 95%
Of this, €3.4m falls due within a year.
Position in the sector
-€95,093
Lower net result than 95% of companies in head offices and management consultancy. Sector median €37,464 · 10,858 companies.
Turnover not published (abbreviated format)
Checked score
52
Fair
Financially stronger than 3% of small companies in head offices and management consultancy (NACE 70)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 4,522 companies (NACE 70, small).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 0.4%lowest value
09-2025: 0.4%● unchanged vs 08-2025lowest value
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.5%▲ +0.1 percentage points vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.6%▲ +0.1 percentage points vs 05-2026
07-2026: 0.6%● unchanged vs 06-2026highest value
08-2026: 0.4%▼ -0.2 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 0.64, cash €9,722
Negative equity -€90,093
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Size: total assets €3.5m
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 70, small). It does better than 3% of them on solvency, 1% on liquidity and 6% on profitability.
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 very low class on 30-06-2025, 0.1% 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, 1,251 companies had the same profile as COREC has now. Each dot stands for 4 companies, two years later.
96.6%
were still trading
2.1%
stopped another way
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COREC itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 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 1,251 companies, not a prediction for COREC. 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
Liquidity is insufficient, with a current ratio of 0.64, below 1. Short-term debt is 98.3% and cash 0.3% of total assets. 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 riskneutral
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
neutral · Latest 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.
NBB · 1 filingDeviation from the deadline
2025
1 day early
← before the deadline
after the deadline →
Searched, nothing found (1)
Recent changes
Incorporation
Founding capital of €5,000, 500 shares · Founder: COENE Emile Etienne Elie · Appointment: COENE Emile Etienne Elie (director) · published on 26-07-2024 · Gazette deed
First establishment
Bruggestraat 151, Hooglede
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COREC Hooglede | €3.5m | -€91,448 | -2.6% | - |
| FR CAPITAL Ham-sur-Heure-Nalinnes | €3.6m | -€1,746 | 45.8% | - |
| EMOTIONS Brussels | €3.8m | -€144,480 | -6.9% | - |
| CAO MSC Neupré | €4.3m | -€754 | 0.0% | - |
| SU.RE Investments II Ghent | €4.4m | -€92,859 | 84.8% | - |
| VDO Future Investments Maaseik | €4.5m | -€5,038 | 100.0% | 0 |
| TANTAKI Knokke-Heist | €2.3m | -€22,399 | 90.2% | - |
These companies have the same main activity as COREC: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €2.3m and €4.5m, founded in 2024.
Official details
Source: KBO- Status
- Active since 24-07-2024Normal situation
- Activity
- Business and other management consultancyNACE 70200
- Establishment unit
- 2.363.051.5438830 Hooglede, since 24-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- -€91,448
- €95,093
- -€90,093
- €3.5m
- Filing
- Filed on 30-07-2026, 1 day before the end of the filing period
Insights on COREC
COREC has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€90,093) and a net result of -€95,093.
Its solvency ranks better than 9% of 10,858 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
abbreviated format, filed on 30-07-2026, 1 day before the deadline-€91,448
-€102,371
-€95,093
-€1.2m
-2.6%
0.64
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance sheet
balance sheet total €3.5m on 31-12-2025What the company ownsHow it is paid for
Position in the sector
-2.6%
Higher than 9% of 10,858 companies in 2025.
0.64
Higher than 26% of 10,480 companies in 2025.
-2.7%
Higher than 14% of 10,727 companies in 2025.
COREC
Middle half of the sector
80% of the sector
Abbreviated accounts in head offices and management consultancy (NACE 70)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
3.5m | |
21/28 |
1.3m | |
22/27 |
33,031 | |
24 |
33,031 | |
28 |
1.3m | |
29/58 |
2.2m | |
40/41 |
2.2m | |
40 |
34,525 | |
41 |
2.1m | |
54/58 |
9,722 | |
490/1 |
476 | |
| Balance sheet: equity and liabilities | ||
10/49 |
3.5m | |
10/15 |
-90,093 | |
10/11 |
5,000 | |
14 |
-95,093 | |
17/49 |
3.6m | |
17 |
150,000 | |
170/4 |
150,000 | |
42/48 |
3.4m | |
42 |
424,057 | |
44 |
16,030 | |
440/4 |
16,030 | |
45 |
5,661 | |
450/3 |
1,506 | |
454/9 |
4,155 | |
47/48 |
3.0m | |
| Income statement | ||
9900 |
-91,448 | |
630 |
10,357 | |
640/8 |
566 | |
9901 |
-102,371 | |
75/76B |
91,140 | |
75 |
91,140 | |
65/66B |
83,862 | |
65 |
83,862 | |
9903 |
-95,093 | |
9904 |
-95,093 | |
9905 |
-95,093 | |
| Appropriation of the result | ||
9906 |
-95,093 | |
| Document | ||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 30-07-2026 | 2026-00380584 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -92,014 | ||
| -84,736 | ||
| 1.3m | ||
| -1.2m | ||
| -2.6% | ||
| 0.64 | ||
| -2.7% | ||
| -1.10 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Tangible fixed assets | €43,388 |
| Financial fixed assets | €1.3m |
| €10,357 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on COREC
Equity is negative. Debt (€3.6m) exceeds the balance-sheet total (€3.5m).
Board & ownership
Board
1 director, since incorporation- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 26-07-2024
Mandates through the years
1 name, the dashed line is todayCOENE Emile Etienne Elie
Director
Director
Board
Mandates as a list
- COENE Emile Etienne Elie
- Director, appointed by deed of 26-07-2024, still in office
Control
Capital
- Contribution
- €5,000
- Shares
- 500
- Contribution per share
- €10
- Equity per share
- -€180 in 2025
- Source
- deed of 26-07-2024
Articles of association
deed of 26-07-2024 (in Dutch)- 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.
- “Algemene vergadering bepaalt aantal,duur en bij meerdere bevoegdheid;bij gebrek aan duur onbepaalde duur, één of meer…”“Onbepaalde duur bij gebrek aan bepaling duurtijd, algemene vergadering die bestuurder(s)benoemt”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Fourth Saturday of June
Shareholders
At incorporation
deed of 26-07-2024 ↗
- COENE Emile Etienne Elie 500 shares (100%) · €5,000 in cash
Network & group
At the same address
Bruggestraat 151, 8830 Hooglede · 1 other company| MUOVI
registered office since 15-06-2026 |
founded in 2026 1039.055.783 |
Control of UK companies
1 UK companySource: Companies House (VK), Contains public sector information licensed under the Open Government Licence v3.0
Timeline
Timeline
3 events since 2024Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBabbreviated format · 1 day before the deadline
2024
IncorporationFounding capital of €5,000, 500 shares · Founder: COENE Emile Etienne Elie · Appointment: COENE Emile Etienne Elie (director) · published on 26-07-20245 points ▸
- Founder, COENE Emile Etienne Elie
- Founding capital, €5,000, 500 shares
- COENE Emile Etienne Elie holds all the shares
- Registered office clause, Bruggestraat 151 – 8830 Hooglede
- Director appointment, COENE Emile Etienne Elie
- The deed holds 2 more points.
First establishment Bruggestraat 151, Hooglede
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
Company details
Identity
- Enterprise number
- 1011.891.528
- VAT number
- BE 1011.891.528
- Peppol ID
- 0208:1011891528
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 24-07-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Fourth Saturday of Junedeed of 26-07-2024 (in Dutch)
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- COREC in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 26-07-2024 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 26-07-2024 (in Dutch)
Activities
NACEBEL 202570200
Business and other management consultancy main activity
Codes under NACEBEL 2008
70220
Business consulting main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Het verlenen van advies en management alsook het uitvoeren van alle studies en onderzoek,het verrichten van…”deed of 26-07-2024 (in Dutch)
13 activities
- Het verlenen van advies en management alsook het uitvoeren van alle studies en onderzoek,het verrichten van marktonderzoek,promotie,raadgeving,prospectie,marketing,engineering en consulting;technisch,organisatorisch,commercieel,administratief,financieel,fiscaal en juridisch beheer en advies.
- Het verlenen van dienstprestaties van economische aard,zowel in eigen beheer als in deelname met derden,daarin begrepen alle commissie-en makelaarsactiviteiten,activiteiten van tussenpersoon,makelaar of agent,het organiseren van commerciële manifestaties,handelsbeurzen en andere,het uitoefenen van consultancy activiteiten.
- De publiciteit,reclame,marketing en algemene communicatie onder alle vormen en het uitvoeren van alle werken die voor de verwezenlijking van publiciteit,reclame,marketing en algemene communicatie noodzakelijk zijn zonder enige beperking.
- Het organiseren van vorming,van seminaries en aanverwante sessies in de brede zin van het woord
- Het bevorderen van de oprichting van vennootschappen door inbreng,participaties of investering.
- Het vervaardigen,de import en export,groot-en kleinhandel,aankoop en verkoop van allerhande producten.
- De handel onder al zijn vormen:groot-en kleinhandel,aan-en verkoop,import en export,vertegenwoordiging,distributeur,makelarij,agentuur,commissie,in de hoedanigheid van trader van alle roerende goederen.
- Het waarnemen van bestuurdersopdrachten in andere vennootschappen.
- De aankoop,verkoop,restauratie en renovatie van gebouwen,het oprichten van woningen en gebouwen in de ruimste zin van het woord.Het aankopen,verkopen en verhuren van deze woningen en gebouwen zonder dat dit de wettelijk erkende activiteiten van een Vastgoedmakelaar mag betreffen.
- Overige werkzaamheden in verband met de afwerking van de gebouwen.
- Het toestaan van leningen en kredietopeningen aan vennootschappen of particulieren,onder om het even welke vorm;in dit kader kan zij zich ook borg stellen of haar aval verlenen.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan-en verkoop,de bouw,de verbouwing,de huur en verhuur.In het algemeen alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer van onroerende goederen of onroerende zakelijke rechten.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan-en verkoop,de huur en verhuur en ruil.In het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Bruggestraat 151 registered office 8830 Hooglede | 24-07-2024 | 2.363.051.543 |
Buildings and parcels at the address
- Ground area
- 2,724 m²
- Buildings
- 145 m²
- Volume, LiDAR
- 706 m³
- Tallest building
- 7.7 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 36006B0799/00C000 | 2,724 m² | 1 · 145 m² | 7.7 m · 2 |