Checked.be
Active
BE 0878.577.894Private limited company
CORESE
Faesschehoeveweg(M) 1 ·3630 Maasmechelen, Belgium· 20 yrs active
Sector: Repair and maintenance of computers and communication equipment
(95100)
Conclusion
CORESE has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €96k and a net result of €-3k. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 89% of 3537 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €96k |
| Net result | €-3k |
| Better than sector | 89% |
| Active | 20 yrs |
Financial profile
61
/ 100
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
Health
52
Profitability
0
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 2005, 20 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
52
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
86
2021
94
2022
86
2023
52
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.91 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.91 (≥ 1.0)
+5
Leverage
Debt/equity 0.21 (< 1.0)
+10
Profitability
Negatieve ROE -4%
-10
Interest coverage
Interest coverage 0.4× (< 1.5×)
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 24-06-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 4 fiscal years (±0.9%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 95, Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 82.4% | 37.2% | |
| Net result | €-3k | €7k | |
| Equity | €96k | €46k | |
| Gross operating margin | €8k | €39k | |
| Total assets | €117k | €144k |
€140
-95.1%
21-24
€-3k
-
21-24
€-585
-
21-24
€117k
+4.5%
21-24
€96k
-3.4%
21-24
€60k
-1.0%
21-24
€0
-100.0%
21-24
€413
-68.1%
21-24
€21k
+68.8%
21-24
€21k
+68.8%
21-24
€0
-100.0%
21-24
3.91
-34.4%
21-24
3.91
-34.4%
21-24
82.4%
-7.5%
21-24
0.21
+74.7%
21-24
-3.5%
-
21-24
-2.9%
-
21-24
0.45
-94.2%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €140 | €3k | €9k | €7k |
| Net profit | €-3k | €861 | €5k | €2k |
| Cash flow | €-585 | €4k | €8k | €5k |
| Staff costs | - | €0 | €143 | €6k |
| Income taxes | €413 | €1k | €3k | €2k |
| Dividends | - | - | - | - |
| Total assets | €117k | €112k | €116k | €122k |
| Equity | €96k | €100k | €99k | €94k |
| Debt | €21k | €12k | €17k | €29k |
| of which ≤ 1y | €21k | €12k | €17k | €23k |
| of which > 1y | - | - | €0 | €6k |
| Working capital | €60k | €60k | €57k | €55k |
| Employees (FTE) | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 3.91 | 5.95 | 4.26 | 3.43 |
| Quick ratio | 3.91 | 5.95 | 4.26 | 3.38 |
| Working capital ratio | 51.2% | 54.1% | 48.9% | 44.9% |
| Solvency | 82.4% | 89.1% | 85.0% | 76.6% |
| Debt / equity | 0.21 | 0.12 | 0.18 | 0.30 |
| Long-term debt ratio | - | - | 0.00 | 0.06 |
| Interest coverage | 0.45 | 7.73 | 8.68 | 4.17 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -2.9% | 0.8% | 4.3% | 1.7% |
| ROE | -3.5% | 0.9% | 5.1% | 2.2% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €117k | €112k | €116k | €122k |
| Fixed assets | 21/28 | €36k | €39k | €42k | €45k |
| Tangible fixed assets | 22/27 | €35k | €38k | €41k | €44k |
| Financial fixed assets | 28 | €1k | €1k | €1k | €1k |
| Current assets | 29/58 | €80k | €73k | €74k | €78k |
| Stocks & contracts in progress | 3 | - | - | €0 | €1k |
| Amounts receivable within one year | 40/41 | €46k | €64k | €65k | €45k |
| Cash & bank | 54/58 | €35k | €9k | €9k | €30k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €117k | €112k | €116k | €122k |
| Equity | 10/15 | €96k | €100k | €99k | €94k |
| Contributions / capital | 10/11 | €13k | €13k | €13k | €13k |
| Reserves | 13 | €215 | €215 | €215 | €215 |
| Accumulated profits (losses) | 14 | €84k | €87k | €86k | €81k |
| Amounts payable | 17/49 | €21k | €12k | €17k | €29k |
| Amounts payable after one year | 17 | - | - | €0 | €6k |
| Amounts payable within one year | 42/48 | €21k | €12k | €17k | €23k |
| Trade debts payable within one year | 44 | €6k | €1k | €1k | €3k |
| Income statement | |||||
| Gross operating margin | 9900 | €8k | €7k | €11k | €16k |
| Operating result | 9901 | €-3k | €60 | €6k | €5k |
| Financial income | 75 | - | €2k | €3k | €1k |
| Financial charges | 65 | €312 | €371 | €1k | €2k |
| Result before taxes | 9903 | €-3k | €2k | €8k | €4k |
| Income taxes | 67/77 | €413 | €1k | €3k | €2k |
| Net result for the period | 9904 | €-3k | €861 | €5k | €2k |
| Result to be appropriated | 9905 | €-3k | €861 | €5k | €2k |
Legal Structure
| NACE primary | Repair and maintenance of computers and communication equipment(95100) |
| Legal form | Private limited company(610) |
| Incorporation | 28-12-2005 |
| Status | Active |
| Postal code | 3630 |
Establishment units
Corese
since 20062.152.906.684
Care 4 Home
since 20092.179.663.442
Corese Elsene
since 20212.312.759.221
Real-estate footprint
Flanders
2
(50%)
Brussels
2
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21903B0177/00D000 | Brussels | 2,330 m² | 1 · 541 m² | 40.8 m · 12 fl. |
| 73048E0382/00H000 | Flanders | 706 m² | 1 · 106 m² | 8.5 m · 2 fl. |
| 73048C0050/00L000 | Flanders | 558 m² | 1 · 109 m² | 7.4 m · 2 fl. |
| 21447B0212/00F003 | Brussels | 62 m² | 1 · 63 m² | 17.7 m · 5 fl. |
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2025
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-3k ▼494%
Net result drops to €-3k, the lowest in the series.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €5k ▲142%
Operating result €6k, net result €5k, both a record.
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
09-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 7 days late
2016
18-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
72500Repair and maintenance of computers and communication equipment95100Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles95110IT consultancy62020Other information technology and computer services62900Computer consultancy and computer facilities management622007210072600
Names & trade names
| Legal nameNL | CORESE |
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