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Corelle

Active
Private limited companyfounded 20223 yrs activeGeemstraat 98, 9220 Hamme (Vl.), BelgiumKBO/BCE: BE 0794.650.625
Summary

The computed 12-month bankruptcy probability of Corelle is 2.5% (moderate). The 2025 annual accounts show equity of €65,894 and a net result of €9,394. Equity is growing by ~18.3% per year across the filed fiscal years. The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability83▼-2
Solvency100▲+11
Growth52=
Track record94
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 5.69 against 2.67 in 2024; short-term debt: 17.6% and cash: 87.2% of total assets), and 17.6% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 3 years 0 10 y
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
82.4%
Return on assets
11.8%
Age of the figures
9 mo
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 22-07-2026, 9 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
9 d early
2024
6 d early
2023
8 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 3 accounts on average 8 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

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. Usually files around 24 July (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 12 December 2022, Corelle was incorporated as a Private limited company.1 Total assets went from EUR 68,995 in 2023 to EUR 79,942 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€65,894▲ 16.6%
2024 · €56,500
Total assets
€79,942▼ 10.1%
2024 · €88,963
Net result
€9,394▼ 16.6%
2024 · €11,270
Working capital
€65,894▲ 21.8%
2024 · €54,095
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€61,728-€17,670▼ 71.4%€14,779▼ 16.4%
Net result€42,730-€11,270▼ 73.6%€9,394▼ 16.6%
Equity€45,230-€56,500▲ 24.9%€65,894▲ 16.6%
Total assets€68,995-€88,963▲ 28.9%€79,942▼ 10.1%
Debt€23,765-€32,463▲ 36.6%€14,048▼ 56.7%
Working capital€40,157-€54,095▲ 34.7%€65,894▲ 21.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20,000€40,000€60,000Operating result 2023: €61,728€61,728Net result 2023: €42,730€42,730Operating result 2024: €17,670€17,670Net result 2024: €11,270€11,270Operating result 2025: €14,779€14,779Net result 2025: €9,394€9,394202320242025€0€20,000€40,000€60,000Operating result 2023: €61,728€61,700Net result 2023: €42,730€42,700Operating result 2024: €17,670€17,700Net result 2024: €11,270€11,300Operating result 2025: €14,779€14,800Net result 2025: €9,394€9,390202320242025
The operating result has fallen two years in a row; 2025 is 16% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €79,942
Equity €65,894 ▲ 16.6%
Debt €14,048 ▼ 56.7%
Debt's share of the balance-sheet total falls from 36.5% to 17.6%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€17,184▼
2024 · €20,339
Cash flow
€11,799▼
2024 · €13,939
Current ratio
5.69▲
2024 · 2.67
Debt to equity
0.21▼
2024 · 0.57
ROE
14.3%▼
2024 · 19.9%
ROA
11.8%▼
2024 · 12.7%
Interest coverage
286.21▼
2024 · 347.68
Debt ≤ 1 year
€14,048▼
2024 · €32,463
Income taxes
€5,325▼
2024 · €6,342
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,276 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
2.2% stopped otherwise
96% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.7%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,276 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€88,963€79,942▼
Fixed assets21/28€2,405€0▼
Tangible fixed assets22/27€2,405€0▼
Furniture and vehicles24€2,405€0▼
Current assets29/58€86,558€79,942▼
Amounts receivable within one year40/41€9,672€9,439▼
Trade receivables40€9,672€9,439▼
Cash at bank and in hand54/58€76,135€69,677▼
Deferred charges and accrued income490/1€752€827▲
Equity and liabilities
Total equity and liabilities10/49€88,963€79,942▼
Equity10/15€56,500€65,894▲
Contributions10/11€2,500€2,500=
Reserves13€54,000€63,394▲
Distributable reserves133€54,000€63,394▲
Amounts payable17/49€32,463€14,048▼
Amounts payable within one year42/48€32,463€14,048▼
Financial debts43€99€727▲
Credit institutions430/8€99€727▲
Trade debts44€0-
Suppliers440/4€0-
Taxes, remuneration and social security45€29,648€9,749▼
Taxes450/3€25,765€5,780▼
Remuneration and social security454/9€3,883€3,969▲
Other amounts payable47/48€2,717€3,571▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,669€2,405▼
Other operating charges640/8€1,183€1,016▼
Gross operating margin9900€21,523€18,200▼
Operating profit (loss)9901€17,670€14,779▼
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€59€60▲
Recurring financial charges65€59€60▲
Profit (loss) for the period before taxes9903€17,612€14,719▼
Income taxes67/77€6,342€5,325▼
Profit (loss) for the period9904€11,270€9,394▼
Profit (loss) for the period to be appropriated9905€11,270€9,394▼
Appropriation of the result
Profit (loss) to be appropriated9906€11,270€9,394▼
Transfer to equity691/2€11,270€9,394▼
To other reserves6921€11,270€9,394▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,669€2,669€2,405▼ 9.9%
Other operating charges640/8€802€1,183€1,016▼ 14.1%
Gross operating margin9900€65,199€21,523€18,200▼ 15.4%
Operating profit (loss)9901€61,728€17,670€14,779▼ 16.4%
Financial income75/76B€0€0€0▼ 75.0%
Recurring financial income75€0€0€0▼ 75.0%
Financial charges65/66B€51€59€60▲ 2.6%
Recurring financial charges65€51€59€60▲ 2.6%
Profit (loss) for the period before taxes9903€61,677€17,612€14,719▼ 16.4%
Income taxes67/77€18,946€6,342€5,325▼ 16.0%
Profit (loss) for the period9904€42,730€11,270€9,394▼ 16.6%
Profit (loss) for the period to be appropriated9905€42,730€11,270€9,394▼ 16.6%
Line202320242025Change
Assets
Total assets20/58€68,995€88,963€79,942▼ 10.1%
Fixed assets21/28€5,074€2,405€0▼ 100%
Tangible fixed assets22/27€5,074€2,405€0▼ 100%
Furniture and vehicles24€5,074€2,405€0▼ 100%
Current assets29/58€63,921€86,558€79,942▼ 7.6%
Amounts receivable within one year40/41€13,284€9,672€9,439▼ 2.4%
Trade receivables40€13,284€9,672€9,439▼ 2.4%
Cash at bank and in hand54/58€50,637€76,135€69,677▼ 8.5%
Deferred charges and accrued income490/1-€752€827▲ 10.0%
Equity and liabilities
Total equity and liabilities10/49€68,995€88,963€79,942▼ 10.1%
Equity10/15€45,230€56,500€65,894▲ 16.6%
Contributions10/11€2,500€2,500€2,500=
Reserves13€42,730€54,000€63,394▲ 17.4%
Distributable reserves133€42,730€54,000€63,394▲ 17.4%
Amounts payable17/49€23,765€32,463€14,048▼ 56.7%
Amounts payable within one year42/48€23,765€32,463€14,048▼ 56.7%
Financial debts43€451€99€727▲ 635%
Credit institutions430/8€451€99€727▲ 635%
Trade debts44€53€0--
Suppliers440/4€53€0--
Taxes, remuneration and social security45€21,813€29,648€9,749▼ 67.1%
Taxes450/3€18,961€25,765€5,780▼ 77.6%
Remuneration and social security454/9€2,852€3,883€3,969▲ 2.2%
Other amounts payable47/48€1,448€2,717€3,571▲ 31.5%
Line202320242025Change
Profit (loss) for the period9904€42,730€11,270€9,394▼ 16.6%
+ Depreciation and write-downs630€2,669€2,669€2,405▼ 9.9%
Operating cash flow (approximation)€45,399€13,939€11,799▼ 15.3%
Investment in fixed assets (approximation)-€0€0-
Change in cash-€25,497-€6,458▼ 125%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
22-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet €9,394 ▼16.6%
Net result drops to €9,394, the lowest in the series.
31-12
Financial Liquidity doublescurrent ratio 5.69
Current ratio from 2.67 to 5.69; short-term debt falls from €32,463 to €14,048.
25-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Hamme (Vl.) · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
244 m²
Building footprint
146 m²
Volume, LiDAR
738 m³
Parcel 42452B1038/00Z000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Corelle
Geemstraat 98, 9220 Hamme (Vl.)Human health activities
since 20222.339.306.933
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
42452B1038/00Z000 Flanders 244 m² 1 · 145 m² 8.1 m · 2 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.

Identification & contact

Identification
Legal formPrivate limited company
Founded12-12-2022
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.