COREX.BE
ActiveSummary
COREX.BE has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120k and a net result of €13k. Equity is growing by ~30.5% per year across the filed fiscal years. Its solvency ranks better than 19% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▲+1
Solvency41▲+2
Growth52=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.86 against 0.89 in 2024; short-term debt: 30.6% and cash: 10.2% of total assets), and 83.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
16.1%
Return on assets
1.7%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
3 d late
2023
26 d late
2022
15 d late
2020
3 d late
2019
96 d late
2018
9 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€229k
EBIT margin
19.1%
Net result
€13k▼ 11.1%
2024 · €14k
2018: €18k
2019: €45k▲ +146% vs 2018
2020: €42k▼ -8.2% vs 2019
2022: €7klowest value
2023: €49k▲ +558% vs 2022highest value
2024: €14k▼ -70.8% vs 2023
2025: €13k▼ -11.1% vs 2024
2018 → 2025
Working capital
€-31k▼ 4.1%
2024 · €-30k
2018: €20k
2019: €19k▼ -4.2% vs 2018
2020: €26k▲ +35.4% vs 2019highest value
2022: €-36klowest value
2023: €-32k▲ +11.3% vs 2022
2024: €-30k▲ +7.1% vs 2023
2025: €-31k▼ -4.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Turnover€229k-
Equity€37k-€44k▲ 20.2%€93k▲ 111%€107k▲ 15.3%€120k▲ 11.8%
2020: €37klowest value
2022: €44k
2023: €93k▲ +111% vs 2022
2024: €107k▲ +15.3% vs 2023
2025: €120k▲ +11.8% vs 2024highest value
Operating result€44k-€11k▼ 74.8%€80k▲ 625%€32k▼ 59.8%€28k▼ 11.4%
2020: €44k
2022: €11klowest value
2023: €80k▲ +625% vs 2022highest value
2024: €32k▼ -59.8% vs 2023
2025: €28k▼ -11.4% vs 2024
Net result€42k-€7k▼ 82.1%€49k▲ 558%€14k▼ 70.8%€13k▼ 11.1%
2020: €42k
2022: €7klowest value
2023: €49k▲ +558% vs 2022highest value
2024: €14k▼ -70.8% vs 2023
2025: €13k▼ -11.1% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €744k
Fixed assets
€547k ▲ 3.6%
Current assets
€197k ▼ 13.8%
Equity and liabilities €744k
Equity
€120k ▲ 11.8%
Debt
€624k ▼ 3.9%
Debt's share of the balance-sheet total falls from 85.8% to 83.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€59k▲
2024 · €57k
Cash flow
€43k▲
2024 · €40k
Current ratio
0.86▼
2024 · 0.89
Debt to equity
5.20▼
2024 · 6.05
ROE
10.6%▼
2024 · 13.3%
ROA
1.7%▼
2024 · 1.9%
Interest coverage
4.36▲
2024 · 4.17
Debt ≤ 1 year
€227k▼
2024 · €258k
Debt > 1 year
€397k▲
2024 · €392k
Income taxes
€3k▼
2024 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€757k€744k▼
Fixed assets21/28€528k€547k▲
Tangible fixed assets22/27€528k€547k▲
Land and buildings22€510k€496k▼
Furniture and vehicles24€18k€51k▲
Financial fixed assets28€690€690=
Current assets29/58€228k€197k▼
Amounts receivable within one year40/41€192k€120k▼
Trade receivables40€20k€28k▲
Other amounts receivable41€172k€92k▼
Cash at bank and in hand54/58€34k€76k▲
Deferred charges and accrued income490/1€2k€803▼
Equity and liabilities
Total equity and liabilities10/49€757k€744k▼
Equity10/15€107k€120k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€87k€100k▲
Amounts payable17/49€649k€624k▼
Amounts payable after more than one year17€392k€397k▲
Financial debts170/4€392k€397k▲
Amounts payable within one year42/48€258k€227k▼
Current portion of amounts payable after more than one year42€36k€39k▲
Trade debts44€14k€43k▲
Suppliers440/4€14k€43k▲
Advances received on contracts in progress46€197k€142k▼
Taxes, remuneration and social security45€11k€4k▼
Taxes450/3€11k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€25k€31k▲
Other operating charges640/8€3k€5k▲
Non-recurring operating charges66A€859€1k▲
Gross operating margin9900€61k€65k▲
Operating profit (loss)9901€32k€28k▼
Financial income75/76B€6€675▲
Recurring financial income75€6€675▲
Financial charges65/66B€14k€14k▼
Recurring financial charges65€14k€14k▼
Profit (loss) for the period before taxes9903€18k€16k▼
Income taxes67/77€4k€3k▼
Profit (loss) for the period9904€14k€13k▼
Profit (loss) for the period to be appropriated9905€14k€13k▼
Appropriation of the result
Profit (loss) to be appropriated9906€87k€100k▲
Profit (loss) brought forward from the previous period14P€73k€87k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €229k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €79k | €25k | €25k | €31k | ▲ 22.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €14k | - | - | - | - |
| Other operating charges640/8 | - | €3k | €2k | €3k | €5k | ▲ 70.4% |
| Non-recurring operating charges66A | - | €50 | €154 | €859 | €1k | ▲ 22.4% |
| Gross operating margin9900 | €51k | €107k | €107k | €61k | €65k | ▲ 6.6% |
| Operating profit (loss)9901 | €44k | €11k | €80k | €32k | €28k | ▼ 11.4% |
| Financial income75/76B | - | €58 | €1 | €6 | €675 | ▲ 10,512% |
| Recurring financial income75 | €77 | €58 | €1 | €6 | €675 | ▲ 10,512% |
| Financial charges65/66B | - | €2k | €14k | €14k | €14k | ▼ 1.1% |
| Recurring financial charges65 | €585 | €2k | €14k | €14k | €14k | ▼ 1.1% |
| Profit (loss) for the period before taxes9903 | €43k | €9k | €65k | €18k | €16k | ▼ 15.4% |
| Income taxes67/77 | €2k | €2k | €17k | €4k | €3k | ▼ 30.5% |
| Profit (loss) for the period9904 | €42k | €7k | €49k | €14k | €13k | ▼ 11.1% |
| Profit (loss) for the period to be appropriated9905 | €42k | €7k | €49k | €14k | €13k | ▼ 11.1% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86k | €677k | €619k | €757k | €744k | ▼ 1.7% |
| Fixed assets21/28 | €12k | €559k | €552k | €528k | €547k | ▲ 3.6% |
| Tangible fixed assets22/27 | €12k | €558k | €552k | €528k | €547k | ▲ 3.6% |
| Land and buildings22 | - | €539k | €524k | €510k | €496k | ▼ 2.8% |
| Plant, machinery and equipment23 | - | €584 | €93 | - | - | - |
| Furniture and vehicles24 | - | €19k | €27k | €18k | €51k | ▲ 188% |
| Financial fixed assets28 | €690 | €690 | €690 | €690 | €690 | = |
| Current assets29/58 | €74k | €118k | €67k | €228k | €197k | ▼ 13.8% |
| Amounts receivable within one year40/41 | €21k | €68k | €22k | €192k | €120k | ▼ 37.5% |
| Trade receivables40 | - | €66k | €10k | €20k | €28k | ▲ 36.9% |
| Other amounts receivable41 | - | €3k | €12k | €172k | €92k | ▼ 46.3% |
| Current investments50/53 | €51k | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €47k | €42k | €34k | €76k | ▲ 125% |
| Deferred charges and accrued income490/1 | - | €2k | €2k | €2k | €803 | ▼ 66.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86k | €677k | €619k | €757k | €744k | ▼ 1.7% |
| Equity10/15 | €37k | €44k | €93k | €107k | €120k | ▲ 11.8% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €16k | €24k | €73k | €87k | €100k | ▲ 14.6% |
| Amounts payable17/49 | €49k | €633k | €526k | €649k | €624k | ▼ 3.9% |
| Amounts payable after more than one year17 | €1k | €479k | €428k | €392k | €397k | ▲ 1.3% |
| Financial debts170/4 | - | €479k | €428k | €392k | €397k | ▲ 1.3% |
| Amounts payable within one year42/48 | €48k | €154k | €98k | €258k | €227k | ▼ 11.8% |
| Current portion of amounts payable after more than one year42 | - | €5k | €40k | €36k | €39k | ▲ 7.4% |
| Trade debts44 | €5k | €78k | €27k | €14k | €43k | ▲ 209% |
| Suppliers440/4 | - | €78k | €27k | €14k | €43k | ▲ 209% |
| Advances received on contracts in progress46 | - | €60k | - | €197k | €142k | ▼ 27.9% |
| Taxes, remuneration and social security45 | - | €2k | €17k | €11k | €4k | ▼ 65.4% |
| Taxes450/3 | - | €2k | €17k | €11k | €4k | ▼ 65.4% |
| Other amounts payable47/48 | - | €8k | €14k | - | - | - |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42k | €7k | €49k | €14k | €13k | ▼ 11.1% |
| + Depreciation and write-downs630 | €6k | €79k | €25k | €25k | €31k | ▲ 22.0% |
| Operating cash flow (approximation) | €48k | €87k | €74k | €40k | €43k | ▲ 10.1% |
| Investment in fixed assets (approximation) | - | - | €-19k | €-1k | €-50k | ▼ 3,646% |
| Change in cash | - | - | €-5k | €-8k | €42k | ▲ 615% |
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
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
30-06
Financial
Equity above €100kEq €107k ▲15.3%
6 profitable years in a row build equity to €107k.
26-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
30-06
Financial
Highest result since 2018net €49k ▲558%
Operating result €80k, net result €49k, both a record.
15-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 15 days late
2022
30-06
Financial
Weakest financial yearnet €7k ▼82.1%
Net result drops to €7k, the lowest in the series; recovery starts the following year.
2021
03-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 3 days late
2020
04-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 96 days late
2019
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 60 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
3 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, Brussel · 1 establishment unit since 2009
Ground area
167 m²
Building footprint
114 m²
Volume, LiDAR
1,272 m³
Parcel 21815D0065/00C003, Brussels · tallest building 16.9 m, ±4 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
1 establishment unit
Leopold I-straat 142, 1020 Brussel
since 20092.175.181.448
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21815D0065/00C003 | Brussels | 167 m² | 1 · 114 m² | 16.9 m · 4 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.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,189 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-10-2008
Fiscal year end30-06
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.