Equity
COREX.BE has made a profit without a break since 2015.
COREX.BE has made a profit without a break since 2015.
The micro format states no turnover.
Of this, €227,446 falls due within a year.
Green is investment, beige is depreciation.
Eight of the last ten came late. The 2019 accounts came latest: 96 days after the end of the period.
Lower solvency than 81% of companies in specialised construction. Sector median 46.7% · 35,136 companies.
The dashed line is the sector median: 0.7% across 47,696 companies (NACE 43, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 18% of them on solvency, 42% on liquidity, 27% on profitability and 58% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 30-06-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 4,107 companies had the same profile as COREX.BE has now. Each dot stands for 11 companies, two years later.
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COREX.BE itself: 0.2% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,107 companies, not a prediction for COREX.BE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.86 (0.89 in 2024), below 1. Short-term debt is 30.6% and cash 10.2% of total assets. 83.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 22 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| COREX.BE Brussels | €744,046 | €65,094 | 16.1% | - |
| CRISTIAN RENOV TOUT Anderlecht | €828,088 | €70,701 | 54.0% | - |
| ALL INVEST GROUP Jette | €785,838 | €76,814 | 33.4% | - |
| POL-TEX Brussels | €662,750 | €83,773 | 27.8% | - |
| SAUNAPOOL Kalmthout | €745,864 | €61,113 | 70.5% | 0 |
| M&M PROJECTS Wavre | €836,358 | €57,482 | 66.0% | - |
| JOWOMA Opwijk | €664,200 | €64,944 | -3.3% | - |
These companies have the same main activity as COREX.BE: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €663,000 and €836,000, founded between 2007 and 2008.
COREX.BE files the micro format. That format states no turnover. The gross margin rose from €3,886 in 2009 to €65,094 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 19% of 35,136 companies in 2025.
Higher than 16% of 34,510 companies in 2025.
Higher than 31% of 34,711 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
20/58 |
744,046 | 756,712 | 618,845 | 677,089 | 86,085 | 120,861 | 70,814 | 133,808 | 89,470 | 83,411 | 27,100 | 41,356 | 25,152 | 29,634 | 6,505 | 5,740 | |
21/28 |
547,347 | 528,417 | 552,321 | 558,977 | 12,414 | 18,561 | 22,466 | 13,973 | 15,493 | 19,121 | 6,436 | 9,538 | 17,009 | 24,636 | 1,053 | - | |
22/27 |
546,657 | 527,727 | 551,631 | 558,287 | 11,724 | 17,871 | 21,776 | 13,283 | 15,023 | 18,651 | 5,966 | 9,068 | 16,539 | 24,166 | 1,053 | - | |
22 |
495,618 | 510,018 | 524,418 | 538,817 | - | - | - | - | - | - | - | - | - | - | - | - | |
23 |
- | - | 93 | 584 | 2,266 | 3,869 | 4,256 | 3,461 | 1,167 | 235 | 352 | 620 | 333 | 495 | 657 | - | |
24 |
51,039 | 17,709 | 27,120 | 18,886 | 9,458 | 14,002 | 17,520 | 9,822 | 13,856 | 18,416 | 5,614 | 8,448 | 16,206 | 23,671 | 396 | - | |
28 |
690 | 690 | 690 | 690 | 690 | 690 | 690 | 690 | 470 | 470 | 470 | 470 | 470 | 470 | - | - | |
29/58 |
196,699 | 228,295 | 66,525 | 118,112 | 73,671 | 102,300 | 48,348 | 119,835 | 73,977 | 64,290 | 20,664 | 31,818 | 8,143 | 4,998 | 5,452 | 5,740 | |
40/41 |
120,093 | 192,196 | 22,273 | 68,321 | 21,299 | 79,703 | 33,401 | 100,611 | 25,243 | 33,872 | 17,949 | 24,011 | 6,155 | 3,866 | 4,454 | 5,717 | |
40 |
27,721 | 20,247 | 9,805 | 65,706 | 8,528 | 53,225 | 14,301 | 59,579 | 4,694 | 6,000 | 15,886 | 20,080 | 909 | 2,512 | 4,259 | 3,989 | |
41 |
92,372 | 171,949 | 12,467 | 2,615 | 12,771 | 26,478 | 19,100 | 41,032 | 20,549 | 27,872 | 2,063 | 3,931 | 5,246 | 1,354 | 195 | 1,728 | |
50/53 |
- | - | - | - | 50,632 | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
75,803 | 33,740 | 41,910 | 47,352 | - | 22,597 | 13,248 | 19,224 | 45,604 | 30,007 | 1,389 | 6,382 | 1,380 | 580 | 461 | 23 | |
490/1 |
803 | 2,359 | 2,341 | 2,439 | 1,740 | - | 1,699 | - | 3,130 | 411 | 1,326 | 1,425 | 608 | 552 | 537 | - | |
| Balance sheet: equity and liabilities | |||||||||||||||||
10/49 |
744,046 | 756,712 | 618,845 | 677,089 | 86,085 | 120,861 | 70,814 | 133,808 | 89,470 | 83,411 | 27,100 | 41,356 | 25,152 | 29,634 | 6,505 | 5,740 | |
10/15 |
119,976 | 107,285 | 93,015 | 44,171 | 36,744 | 31,160 | 30,859 | 30,420 | 21,208 | 13,367 | 4,726 | 8,979 | -9,502 | -788 | 5,259 | 4,283 | |
10/11 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | - | - | - | - | - | - | - | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
130/1 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | |
1311 |
1,860 | 1,860 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | - | - | - | - | - | - | |
14 |
99,516 | 86,825 | 72,555 | 23,711 | 16,284 | 10,700 | 10,399 | 9,960 | 748 | -5,233 | -13,874 | -9,621 | -15,702 | -6,988 | -941 | -1,917 | |
17/49 |
624,069 | 649,427 | 525,831 | 632,918 | 49,341 | 89,701 | 39,955 | 103,388 | 68,262 | 70,044 | 22,374 | 32,377 | 34,654 | 30,422 | 1,246 | 1,457 | |
17 |
396,624 | 391,589 | 427,514 | 478,958 | 1,261 | 6,302 | 11,344 | 4,646 | 9,193 | 13,644 | 18,968 | 21,022 | 26,079 | 10,785 | - | - | |
170/4 |
396,624 | 391,589 | 427,514 | 478,958 | 1,261 | 6,302 | 11,344 | 4,646 | 9,193 | 13,644 | - | 1,235 | 6,083 | 10,785 | - | - | |
178/9 |
- | - | - | - | - | - | - | - | - | - | 18,968 | 19,787 | 19,996 | - | - | - | |
42/48 |
227,446 | 257,838 | 98,317 | 153,960 | 48,080 | 83,399 | 28,611 | 98,742 | 59,069 | 38,400 | 3,406 | 11,355 | 8,575 | 19,637 | 1,246 | 1,457 | |
42 |
38,600 | 35,925 | 40,463 | 5,375 | 5,042 | 5,042 | 9,688 | 4,547 | 4,451 | 4,356 | 1,235 | 4,847 | 4,702 | 4,561 | - | - | |
44 |
42,781 | 13,855 | 26,796 | 77,812 | 5,422 | 33,357 | 673 | 21,895 | 32,062 | 6,529 | 2,103 | 1,837 | 608 | 3,124 | 1,036 | 1,453 | |
440/4 |
42,781 | 13,855 | 26,796 | 77,812 | 5,422 | 33,357 | 673 | 21,895 | 32,062 | 6,529 | 2,103 | 1,837 | 608 | 3,124 | 1,036 | 1,453 | |
46 |
142,365 | 197,365 | - | 60,434 | - | - | - | 51,000 | 1,306 | 22,927 | - | 4,149 | 3,000 | - | - | - | |
45 |
3,700 | 10,693 | 16,564 | 2,100 | 1,616 | - | 250 | 3,300 | 3,250 | 4,588 | 68 | 522 | 265 | 205 | 53 | 4 | |
450/3 |
3,700 | 10,693 | 16,564 | 2,100 | - | - | 250 | 3,300 | 3,250 | 4,588 | 68 | 522 | 265 | 205 | 53 | 4 | |
454/9 |
- | - | - | - | 1,616 | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
- | - | 14,494 | 8,239 | 36,000 | 45,000 | 18,000 | 18,000 | 18,000 | - | - | - | - | 11,747 | 157 | - | |
492/3 |
- | - | - | - | - | - | - | - | - | 18,000 | - | - | - | - | - | - | |
| Income statement | |||||||||||||||||
70 |
- | - | - | - | 229,196 | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
65,094 | 61,036 | 107,331 | 107,190 | 50,881 | 50,674 | 23,220 | 38,438 | 34,862 | 23,442 | 2,235 | 16,236 | 1,483 | 4,574 | 2,085 | 3,886 | |
60/61 |
- | - | - | - | 188,230 | - | - | - | - | - | - | - | - | - | - | - | |
630 |
30,785 | 25,231 | 25,223 | 79,445 | 6,147 | 6,384 | 5,234 | 6,821 | 6,066 | 9,412 | 4,753 | 8,633 | 8,375 | 8,252 | 416 | 685 | |
631/4 |
- | - | - | 13,968 | - | - | - | - | - | - | - | - | - | - | - | 4,347 | |
640/8 |
4,761 | 2,794 | 2,046 | 2,698 | 910 | 574 | 1,631 | 645 | 1,559 | 988 | 1,520 | 1,058 | 980 | 1,506 | 485 | 784 | |
66A |
1,052 | 859 | 154 | 50 | 132 | - | - | 930 | 555 | - | - | - | 370 | 150 | - | - | |
9901 |
28,496 | 32,153 | 79,908 | 11,029 | 43,692 | 43,716 | 16,355 | 30,042 | 26,682 | 13,042 | -4,038 | 6,545 | -7,872 | -5,184 | 1,184 | -1,930 | |
75/76B |
675 | 6 | 1 | 58 | 77 | 1,922 | 2,689 | 812 | 1,648 | 360 | - | - | 25 | 2 | 32 | 52 | |
75 |
675 | 6 | 1 | 58 | 77 | 1,922 | 2,689 | 812 | 1,648 | 360 | - | - | 25 | 2 | 32 | 52 | |
65/66B |
13,608 | 13,760 | 14,491 | 1,989 | 585 | 346 | 442 | 386 | 480 | 241 | 215 | 370 | 497 | 715 | 240 | 39 | |
65 |
13,608 | 13,760 | 14,491 | 1,989 | 585 | 346 | 442 | 386 | 480 | 241 | 215 | 370 | 497 | 715 | 240 | 39 | |
9903 |
15,562 | 18,399 | 65,419 | 9,098 | 43,184 | 45,292 | 18,602 | 30,468 | 27,850 | 13,161 | -4,253 | 6,175 | -8,714 | -6,047 | 976 | -1,917 | |
67/77 |
2,871 | 4,129 | 16,576 | 1,671 | 1,600 | -9 | 163 | 3,256 | 2,009 | 4,520 | - | 96 | - | - | - | - | |
9904 |
12,691 | 14,270 | 48,843 | 7,427 | 41,584 | 45,301 | 18,439 | 27,212 | 25,841 | 8,641 | -4,253 | 6,079 | -8,714 | -6,047 | 976 | -1,917 | |
9905 |
12,691 | 14,270 | 48,843 | 7,427 | 41,584 | 45,301 | 18,439 | 27,212 | 25,841 | 8,641 | -4,253 | 6,079 | -8,714 | -6,047 | 976 | -1,917 | |
| Appropriation of the result | |||||||||||||||||
9906 |
99,516 | 86,825 | 72,555 | 23,711 | 52,284 | 55,700 | 28,399 | 27,960 | 20,608 | -5,233 | -13,874 | -9,621 | -15,702 | -6,988 | -941 | -1,917 | |
14P |
86,825 | 72,555 | 23,711 | 16,284 | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | 1,860 | - | - | - | - | - | - | - | |
6920 |
- | - | - | - | - | - | - | - | 1,860 | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | 36,000 | 45,000 | 18,000 | 18,000 | 18,000 | - | - | - | - | - | - | - | |
695 |
- | - | - | - | 36,000 | 45,000 | 18,000 | 18,000 | 18,000 | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 30-01-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 30-01-2026 | 2026-00028941 | |
| 30-06-2024 | micro format | 03-02-2025 | 2025-00022897 | |
| 30-06-2023 | micro format | 26-02-2024 | 2024-00035895 | |
| 30-06-2022 | micro format | 15-02-2023 | 2023-00028920 | |
| 31-12-2020 | micro format | 03-08-2021 | 2021-45800126 | |
| 31-12-2019 | micro format | 04-11-2020 | 2020-68600063 | |
| 31-12-2018 | micro format | 09-08-2019 | 2019-45300499 | |
| 31-12-2017 | micro format | 26-07-2018 | 2018-38600576 | |
| 31-12-2016 | full format | 29-09-2017 | 2017-64900426 | |
| 31-12-2015 | full format | 26-09-2016 | 2016-62100146 | |
| 31-12-2014 | full format | 24-07-2015 | 2015-34500165 | |
| 31-12-2013 | full format | 27-08-2014 | 2014-50700309 | |
| 31-12-2012 | full format | 15-11-2013 | 2013-66200011 | |
| 31-12-2011 | full format | 21-06-2012 | 2012-20100587 | |
| 31-12-2010 | full format | 16-08-2011 | 2011-40700335 | |
| 31-12-2009 | full format | 23-08-2010 | 2010-43400195 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 59,281 | 57,384 | 105,131 | 90,474 | 49,839 | 50,100 | 21,589 | 36,863 | 32,748 | 22,454 | 715 | 15,178 | 503 | 3,068 | 1,600 | -1,245 | ||
| 43,477 | 39,501 | 74,066 | 86,872 | 47,731 | 51,685 | 23,673 | 34,033 | 31,907 | 18,053 | 500 | 14,712 | -339 | 2,205 | 1,392 | -1,232 | ||
| 49,715 | 1,327 | 18,567 | 639,976 | 0 | 2,479 | 21,997 | 5,301 | 2,438 | 22,097 | 1,651 | 1,162 | 748 | 32,521 | 1,468 | - | ||
| 42,063 | -8,171 | -5,442 | - | - | 9,349 | -5,976 | -26,380 | 15,597 | 28,618 | -4,993 | 5,002 | 800 | 119 | 438 | - | ||
| -30,746 | -29,543 | -31,792 | -35,848 | 25,591 | 18,901 | 19,737 | 21,093 | 14,908 | 25,890 | 17,258 | 20,463 | -432 | -14,639 | 4,206 | 4,283 | ||
| - | - | - | - | 19.1% | - | - | - | - | - | - | - | - | - | - | - | ||
| 16.1% | 14.2% | 15.0% | 6.5% | 42.7% | 25.8% | 43.6% | 22.7% | 23.7% | 16.0% | 17.4% | 21.7% | -37.8% | -2.7% | 80.8% | 74.6% | ||
| 0.86 | 0.89 | 0.68 | 0.77 | 1.53 | 1.23 | 1.69 | 1.21 | 1.25 | 1.67 | 6.07 | 2.80 | 0.95 | 0.25 | 4.38 | 3.94 | ||
| 5.20 | 6.05 | 5.65 | 14.33 | 1.34 | 2.88 | 1.29 | 3.40 | 3.22 | 5.24 | 4.73 | 3.61 | - | - | 0.24 | 0.34 | ||
| 10.6% | 13.3% | 52.5% | 16.8% | 113.2% | 145.4% | 59.8% | 89.5% | 121.8% | 64.6% | -90.0% | 67.7% | - | - | 18.6% | -44.8% | ||
| 1.7% | 1.9% | 7.9% | 1.1% | 48.3% | 37.5% | 26.0% | 20.3% | 28.9% | 10.4% | -15.7% | 14.7% | -34.6% | -20.4% | 15.0% | -33.4% | ||
| 4.36 | 4.17 | 7.26 | 45.49 | - | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | 14 days | - | - | - | - | - | - | - | - | - | - | - | ||
| - | - | - | - | 11 days | - | - | - | - | - | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €49,715 | €1,327 | €18,567 | €639,976 |
| €30,785 | €25,231 | €25,223 | €79,445 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 11% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 85.8% to 83.9%. Equity is higher and debt is lower.
COREX.BE has no parent and no holdings in its annual accounts. Constantin CLUCI is the only director. COREX.BE shares no director with another company.
| AGA CLUCI
registered office since 01-07-2024 · founded in 2024 |
total assets €22,186 (2025) 1010.183.239 |
| CIA CONSTRUCT
registered office since 18-03-2022 · founded in 2022 |
total assets €8,080 (2025) 0783.594.110 |
| Albu, Ilie (sole trader)
establishment since 01-01-2026 |
founded in 2026 1032.481.955 |
| Negriloiu, Nicuşor-Adrian (sole trader)
establishment since 01-01-2026 |
founded in 2026 1031.921.236 |
| Sali, Mertol (sole trader)
establishment since 22-03-2024 |
founded in 2024 1007.498.319 |
| Pinzari, Daniel (sole trader)
establishment since 27-02-2017 |
founded in 2017 0671.878.814 |
| Cluci, Vasile (sole trader)
establishment since 01-04-2012 |
founded in 2012 0875.010.967 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Leopold I-straat 142 registered office 1020 Brussels 2511003 Manufacture of metal structures and parts of structures | 07-01-2009 | 2.175.181.448 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21815D0065/00C003 | 167 m² | 1 · 114 m² | 16.9 m · 4 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0807.314.073
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