COREMET
ActiveSummary
The computed 12-month bankruptcy probability of COREMET is 3.6% (moderate). The 2024 annual accounts show equity of €86,905 and a net result of -€14,767. Equity is shrinking by ~3.6% per year across the filed fiscal years. The company has been active since 2006 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability10▼-5
Solvency65▲+11
Growth58=
Track record92
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.34 against 1.24 in 2023; short-term debt: 55.8% and cash: 0% of total assets), and 60.3% of the assets are financed with debt.
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Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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 2024Solvency, return and age of the figures
Solvency
39.7%
Return on assets
-6.7%
Age of the figures
21 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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€14,767
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-12-2025, 125 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
125 d late
2023
61 d late
2022
142 d late
2021
22 d late
2020
31 d late
2019
98 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 80 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2024, micro schema
Equity
€86,905▼ 14.5%
2023 · €101,672
Total assets
€218,904▼ 37.4%
2023 · €349,861
Net result
-€14,767▼ 39.7%
2023 · -€10,569
Working capital
€41,170▼ 26.8%
2023 · €56,262
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
Line20202021202220232024
Operating result-€18,184€9,411€107,154▲ 1,039%-€5,453-€17,938▼ 229%
Net result-€35,310€2,194€19,941▲ 809%-€10,569-€14,767▼ 39.7%
Equity€90,106▼ 28.2%€92,300▲ 2.4%€112,241▲ 21.6%€101,672▼ 9.4%€86,905▼ 14.5%
Total assets€777,892▲ 37.1%€729,288▼ 6.2%€1.2m▲ 69.6%€349,861▼ 71.7%€218,904▼ 37.4%
Debt€687,786▲ 55.6%€636,987▼ 7.4%€1.1m▲ 76.5%€248,190▼ 77.9%€131,998▼ 46.8%
Working capital€52,853▼ 41.6%€45,127▼ 14.6%€68,267▲ 51.3%€56,262▼ 17.6%€41,170▼ 26.8%
Staff (FTE)0
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €17,938 in 2024 against €5,453 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €218,904
Fixed assets
€55,559 ▼ 4.5%
Current assets
€163,345 ▼ 44.0%
Equity and liabilities €218,904
Equity
€86,905 ▼ 14.5%
Debt
€131,998 ▼ 46.8%
Debt's share of the balance-sheet total falls from 70.9% to 60.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€15,292▼
2023 · -€2,808
Cash flow
-€12,121▼
2023 · -€7,923
Current ratio
1.34▲
2023 · 1.24
Quick ratio
0.65▼
2023 · 0.88
Debt to equity
1.52▼
2023 · 2.44
ROE
-17.0%▼
2023 · -10.4%
ROA
-6.7%▼
2023 · -3.0%
Interest coverage
-9.68▼
2023 · -0.56
Debt ≤ 1 year
€122,175▼
2023 · €235,395
Debt > 1 year
€9,823▼
2023 · €12,794
Income taxes
€416▼
2023 · €574
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
0.6%
went bankrupt
8.5%
stopped otherwise
90%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 3.6% 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%.
| 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 12,321 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
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €18,014 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,402 | €6,288 | €3,402 | €2,646 | €2,646 | = |
| Other operating charges640/8 | - | €2,782 | €7,283 | €3,212 | €1,132 | ▼ 64.8% |
| Gross operating margin9900 | -€7,874 | €18,480 | €117,839 | €404 | -€14,160 | ▼ 3,606% |
| Operating profit (loss)9901 | -€18,184 | €9,411 | €107,154 | -€5,453 | -€17,938 | ▼ 229% |
| Financial income75/76B | - | €510 | €0 | €486 | €5,166 | ▲ 963% |
| Recurring financial income75 | €6,474 | €510 | €0 | €486 | €5,166 | ▲ 963% |
| Financial charges65/66B | - | €7,472 | €86,942 | €5,027 | €1,579 | ▼ 68.6% |
| Recurring financial charges65 | €23,343 | €7,472 | €86,942 | €5,027 | €1,579 | ▼ 68.6% |
| Profit (loss) for the period before taxes9903 | -€35,053 | €2,449 | €20,212 | -€9,995 | -€14,351 | ▼ 43.6% |
| Income taxes67/77 | €257 | €254 | €272 | €574 | €416 | ▼ 27.6% |
| Profit (loss) for the period9904 | -€35,310 | €2,194 | €19,941 | -€10,569 | -€14,767 | ▼ 39.7% |
| Profit (loss) for the period to be appropriated9905 | -€35,310 | €2,194 | €19,941 | -€10,569 | -€14,767 | ▼ 39.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €777,892 | €729,288 | €1.2m | €349,861 | €218,904 | ▼ 37.4% |
| Fixed assets21/28 | €109,239 | €112,151 | €78,236 | €58,204 | €55,559 | ▼ 4.5% |
| Tangible fixed assets22/27 | €85,039 | €87,951 | €78,236 | €58,204 | €55,559 | ▼ 4.5% |
| Land and buildings22 | - | €81,637 | €78,236 | €58,204 | €55,559 | ▼ 4.5% |
| Furniture and vehicles24 | - | €6,314 | €0 | - | - | - |
| Financial fixed assets28 | €24,200 | €24,200 | €0 | - | - | - |
| Current assets29/58 | €668,654 | €617,137 | €1.2m | €291,657 | €163,345 | ▼ 44.0% |
| Stocks and contracts in progress3 | €382,010 | €441,645 | €83,866 | €83,866 | €83,866 | = |
| Stocks30/36 | - | €441,645 | €83,866 | €83,866 | €83,866 | = |
| Amounts receivable within one year40/41 | €286,560 | €173,730 | €1.1m | €207,760 | €79,431 | ▼ 61.8% |
| Trade receivables40 | - | €70,963 | €0 | - | - | - |
| Other amounts receivable41 | - | €102,767 | €1.1m | €207,760 | €79,431 | ▼ 61.8% |
| Cash at bank and in hand54/58 | €84 | €1,762 | €50 | €31 | €48 | ▲ 53.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €777,892 | €729,288 | €1.2m | €349,861 | €218,904 | ▼ 37.4% |
| Equity10/15 | €90,106 | €92,300 | €112,241 | €101,672 | €86,905 | ▼ 14.5% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €71,506 | €73,700 | €93,641 | €83,072 | €68,305 | ▼ 17.8% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €71,840 | €91,781 | €81,212 | €66,445 | ▼ 18.2% |
| Amounts payable17/49 | €687,786 | €636,987 | €1.1m | €248,190 | €131,998 | ▼ 46.8% |
| Amounts payable after more than one year17 | €71,986 | €64,977 | €34,261 | €12,794 | €9,823 | ▼ 23.2% |
| Financial debts170/4 | - | €40,777 | €34,261 | €12,794 | €9,823 | ▼ 23.2% |
| Other amounts payable178/9 | - | €24,200 | €0 | - | - | - |
| Amounts payable within one year42/48 | €615,800 | €572,010 | €1.1m | €235,395 | €122,175 | ▼ 48.1% |
| Current portion of amounts payable after more than one year42 | - | €308,909 | €312,615 | €2,743 | €2,965 | ▲ 8.1% |
| Financial debts43 | - | - | €3,544 | €0 | - | - |
| Credit institutions430/8 | - | - | €3,544 | €0 | - | - |
| Trade debts44 | €49,311 | €45,084 | €58,729 | €3,869 | €5,362 | ▲ 38.6% |
| Suppliers440/4 | - | €45,084 | €58,729 | €3,869 | €5,362 | ▲ 38.6% |
| Taxes, remuneration and social security45 | - | €329 | €86 | €12,588 | €718 | ▼ 94.3% |
| Taxes450/3 | - | €329 | €86 | €588 | €718 | ▲ 22.1% |
| Remuneration and social security454/9 | - | - | - | €12,000 | - | - |
| Other amounts payable47/48 | - | €217,688 | €715,271 | €216,195 | €113,130 | ▼ 47.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€35,310 | €2,194 | €19,941 | -€10,569 | -€14,767 | ▼ 39.7% |
| + Depreciation and write-downs630 | €3,402 | €6,288 | €3,402 | €2,646 | €2,646 | = |
| Operating cash flow (approximation) | -€31,909 | €8,482 | €23,342 | -€7,923 | -€12,121 | ▼ 53.0% |
| Investment in fixed assets (approximation) | - | -€9,200 | €30,514 | €17,386 | €0 | ▼ 100% |
| Change in cash | - | €1,677 | -€1,711 | -€19 | €17 | ▲ 188% |
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
2025
03-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 125 days late
22-08
KBO administration
Address struck
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
20-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 142 days late
2022
31-12
Financial
Highest result since 2018net €19,941 ▲809%
Operating result €107,154, net result €19,941, both a record.
31-12
Financial
Equity above €100,000Eq €112,241 ▲21.6%
2 profitable years in a row build equity to €112,241.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Back to profitnet €2,194
Net result €2,194 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€35,310
Net result drops to -€35,310, the lowest in the series; recovery starts the following year.
06-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 98 days late
2019
31-12
Financial
Back to profitnet €12,642
Net result €12,642 after one loss-making year.
Show earlier events
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
29-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial 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, Antwerpen · 1 establishment unit since 2006
Ground area
145 m²
Building footprint
119 m²
Volume, LiDAR
2,958 m³
Parcel 11803C1659/00C000, Flanders · tallest building 27.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
COREMET
since 20062.159.288.195
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11803C1659/00C000 | Flanders | 145 m² | 1 · 119 m² | 27.9 m · 9 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
Founded21-03-2006
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0880126827
Also
9925:BE0880126827
Registered
11-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.