COREL CONSTRUCTION
ActiveThe computed 12-month bankruptcy probability of COREL CONSTRUCTION is 2.7% (moderate). The 2025 annual accounts show equity of €40k and a net result of €-11k. Its solvency ranks better than 68% of 27711 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
51
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency88▼-6
Growth32
Track record82
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 1.72 against 1.82 in 2024; short-term debt: 36.5% and cash: 24.9% of total assets), and 36.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2025Solvency, return and age of the figures
Solvency
63.5%
Return on assets
-17.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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 · 2 filingsDeviation from the deadline
2025
25 d late
2024
56 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€40k▼ 21.9%
2024 · €51k
2024: €51k
2024 → 2025
Total assets
€63k▼ 15.6%
2024 · €74k
2024: €74k
2024 → 2025
Net result
€-11k
2024 · €46k
2024: €46k
2024 → 2025
Working capital
€17k▼ 13.1%
2024 · €19k
2024: €19k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€51k-€40k▼ 21.9%
Operating result€58k-€-11k
Net result€46k-€-11k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11k after €58k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63k
Fixed assets
€23k▼ 27.2%
Current assets
€40k▼ 6.8%
Equity and liabilities €63k
Equity
€40k▼ 21.9%
Debt
€23k▼ 1.7%
The debt ratio rises from 31.4% to 36.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-2k▼
2024 · €63k
Cash flow
€-3k▼
2024 · €51k
Solvency
63.5%▼
2024 · 68.6%
Current ratio
1.72▼
2024 · 1.82
Quick ratio
1.72▼
2024 · 1.82
Debt / equity
0.57▲
2024 · 0.46
ROE
-28.0%▼
2024 · 90.2%
ROA
-17.8%▼
2024 · 61.9%
Interest coverage
-8778.74▼
2024 · 1605.77
Debt
€23k▼
2024 · €23k
Debt ≤ 1 year
€23k▼
2024 · €23k
Income taxes
€132▼
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€74k€63k▼
Fixed assets21/28€32k€23k▼
Tangible fixed assets22/27€32k€23k▼
Furniture and vehicles24€32k€23k▼
Current assets29/58€42k€40k▼
Amounts receivable within one year40/41€23k€24k▲
Trade receivables40€23k€23k=
Other amounts receivable41€608€1k▲
Cash at bank and in hand54/58€19k€16k▼
Deferred charges and accrued income490/1€232€0▼
Equity and liabilities
Total equity and liabilities10/49€74k€63k▼
Equity10/15€51k€40k▼
Contributions10/11€5k€5k=
Profit (loss) carried forward14€46k€35k▼
Amounts payable17/49€23k€23k▼
Amounts payable within one year42/48€23k€23k▼
Trade debts44€3k€189▼
Suppliers440/4€3k€189▼
Taxes, remuneration and social security45€12k€12k▲
Taxes450/3€12k€12k▲
Other amounts payable47/48€9k€11k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€9k▲
Other operating charges640/8€985€866▼
Gross operating margin9900€64k€-2k▼
Operating profit (loss)9901€58k€-11k▼
Financial income75/76B€49€0▼
Recurring financial income75€49€0▼
Financial charges65/66B€39€0▼
Recurring financial charges65€39€0▼
Profit (loss) for the period before taxes9903€58k€-11k▼
Income taxes67/77€12k€132▼
Profit (loss) for the period9904€46k€-11k▼
Profit (loss) for the period to be appropriated9905€46k€-11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€35k▼
Profit (loss) brought forward from the previous period14P-€46k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
NBB filing
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, Kraainem
Cannot 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.
Steenweg op Brussel 2551950 KraainemGround area
3,526 m²
Building footprint
98 m²
Volume, LiDAR
422 m³
Parcel 22002C0064/00F006, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22002C0064/00F006 | Flanders | 3,526 m² | 1 · 98 m² | 8.2 m · 2 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
MPP Construct
BE 0739.912.733
Anderlecht · Eq €40k
JOHAN GRUWE
BE 0473.383.061
Herzele · Eq €40k
RD ENTREPRISE
BE 0664.590.550
Sint-Genesius-Rode · Eq €40k
Sam In The Sea
BE 1007.046.872
Beveren-Kruibeke-Zwijndrecht · Eq €40k
ELITE CONSTRUCT
BE 0892.640.124
Schaarbeek · Eq €40k
Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 5,942 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded29-09-2023
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43995Specialised construction activities
41001General construction of residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.