COREXO
ActiveThe computed 12-month bankruptcy probability of COREXO is 5.8% (elevated). The 2025 annual accounts show negative equity (€-30k) and a net result of €-18k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 4439 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
5
/ 100
Critical▲ +5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability33=
Solvency33▼-1
Growth22=
Stability100
Bankruptcy probability, 12 months
5.8%
Elevated
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.13 against 0.52 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-642.9%
Return on assets
-377.4%
Age of the figures
11 mo
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 dateAge against the risk zone
raises risk · Negative equity
Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2025Equity per financial year
202122232425
2020 to 2025 · latest year -€30k
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-02-2026, 66 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
66 d early
2024
on the day
2023
90 d late
2022
40 d early
2021
9 d early
2020
8 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
11-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€1k▼ 20.6%
2024 · €2k
2020: €100k
2021: €109k
2023: €61k
2024: €2k
2020 → 2025
EBIT margin
-1175.4%▲ 535.1pp
2024 · -1710.5%
2020: 4.3%
2021: 4.6%
2023: 3.5%
2024: -1710.5%
2020 → 2025
Net result
€-18k▲ 43.5%
2024 · €-31k
2020: €3k
2021: €3k
2022: €8k
2023: €171
2024: €-31k
2020 → 2025
Working capital
€-28k▼ 348%
2024 · €-6k
2020: €-10k
2021: €-8k
2022: €17k
2023: €14k
2024: €-6k
2020 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€109k-€61k€2k▼ 97.2%€1k▼ 20.6%
Equity€11k-€19k▲ 70.4%€19k▲ 0.9%€-13k€-30k▼ 142%
Operating result€5k-€15k▲ 211%€2k▼ 86.3%€-30k€-16k▲ 45.4%
Net result€3k-€8k▲ 159%€171▼ 97.8%€-31k€-18k▲ 43.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €30k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5k
Fixed assets
€450▼ 31.9%
Current assets
€4k▼ 35.8%
Key figures and ratios
EBITDA
€-16k▲
2024 · €-22k
Cash flow
€-18k▲
2024 · €-24k
Solvency
-642.9%▼
2024 · -171.3%
Current ratio
0.13▼
2024 · 0.52
Quick ratio
0.10▼
2024 · 0.36
Debt / equity
-1.16▲
2024 · -1.58
ROE
58.7%▼
2024 · 251.5%
ROA
-377.4%▲
2024 · -430.6%
Interest coverage
-9.87▲
2024 · -11.95
Debt
€35k▲
2024 · €20k
Debt ≤ 1 year
€32k▲
2024 · €13k
Debt > 1 year
€3k▼
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€7k€5k▼
Fixed assets21/28€660€450▼
Tangible fixed assets22/27€210-
Furniture and vehicles24€210-
Financial fixed assets28€450€450=
Current assets29/58€7k€4k▼
Stocks and contracts in progress3€2k€1k▼
Stocks30/36€2k€1k▼
Amounts receivable within one year40/41€5k€2k▼
Trade receivables40€3k€2k▼
Other amounts receivable41€2k€513▼
Cash at bank and in hand54/58€24€913▲
Deferred charges and accrued income490/1-€9
Equity and liabilities
Total equity and liabilities10/49€7k€5k▼
Equity10/15€-13k€-30k▼
Contributions10/11€5k€5k=
Reserves13€500€500=
Non-distributable reserves130/1€500€500=
Reserves not available under the articles1311€500€500=
Profit (loss) carried forward14€-18k€-36k▼
Amounts payable17/49€20k€35k▲
Amounts payable after more than one year17€7k€3k▼
Financial debts170/4€7k€3k▼
Amounts payable within one year42/48€13k€32k▲
Current portion of amounts payable after more than one year42€4k€4k▲
Financial debts43€794-
Credit institutions430/8€794-
Trade debts44-€332
Suppliers440/4-€332
Taxes, remuneration and social security45€18€2k▲
Taxes450/3€18€43▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€8k€26k▲
Income statement
Code20242025
Turnover70€2k€1k▼
Non-recurring operating income76A€10k-
Goods, raw materials, services and sundry goods60/61€33k€18k▼
Remuneration, social security and pensions62€-323-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€210▼
Other operating charges640/8€2k€896▼
Gross operating margin9900€-20k€-15k▲
Operating profit (loss)9901€-30k€-16k▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-31k€-18k▲
Profit (loss) for the period9904€-31k€-18k▲
Profit (loss) for the period to be appropriated9905€-31k€-18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€-36k▼
Profit (loss) brought forward from the previous period14P€13k€-18k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €-31k ▼18489%
Net result drops to €-31k, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
21-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Highest result since 2020net €8k ▲159%
Operating result €15k, net result €8k, both a record.
30-09
Financial
Liquidity triplescurrent ratio 1.79
Current ratio from 0.67 to 1.79; short-term debt falls from €24k to €22k.
21-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
4 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, Asse · 1 establishment unit since 2019
Ground area
611 m²
Building footprint
398 m²
Volume, LiDAR
3,765 m³
Parcel 23322L0316/00Y000, Flanders · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
COREXO
since 20192.290.383.103
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23322L0316/00Y000 | Flanders | 610 m² | 1 · 398 m² | 13.9 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 12,442 companies in sector 49410 we hold annual accounts for 8,081. 4,798 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-05-2019
Fiscal year end30-09
Activities, NACEBEL
49410Freight transport by road
43110Demolition
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
43310Plastering work
43320Joinery installation
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46411Wholesale trade
46419Wholesale trade
47120Other non-specialised retail sale
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47789Other retail sale of new goods
47820Market retail: textiles, clothing, footwear
47890Retail trade
47910Retail trade
52210Service activities incidental to land transportation
52250Logistics services
52290Warehousing and support activities for transportation
53200Other postal and courier activities
Sources
Crossroads Bank for EnterprisesNational Bank · 6 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.