CORICA
ActiveSummary
CORICA has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €421,905 and a net result of €83,202. Equity is growing by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 57% of 812 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+2
Solvency64▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24,000 at 30 days acceptable
Liquidity tight (current ratio 1.38 against 1.41 in 2024; short-term debt: 40.1% and cash: 1.7% of total assets), and 61.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
38.7%
Return on assets
7.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
43 d early
2023
50 d early
2022
3 d late
2021
2 d early
2020
72 d late
2019
122 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Public money How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€83,202▲ 52.2%
2024 · €54,680
Working capital
€167,439▼ 3.9%
2024 · €174,324
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€55,091▲ 57.7%€187,378▲ 240%€91,300▼ 51.3%€101,689▲ 11.4%€132,411▲ 30.2%
Net result€30,738within the sector's middle half▼ 18.2%€144,402within the sector's middle half▲ 370%€46,559within the sector's middle half▼ 67.8%€54,680within the sector's middle half▲ 17.4%€83,202within the sector's middle half▲ 52.2%
Equity€173,061below the sector's middle half▲ 21.6%€317,463within the sector's middle half▲ 83.4%€364,022within the sector's middle half▲ 14.7%€378,703within the sector's middle half▲ 4.0%€421,905within the sector's middle half▲ 11.4%
Total assets€531,021below the sector's middle half▲ 36.7%€732,914below the sector's middle half▲ 38.0%€927,203below the sector's middle half▲ 26.5%€987,048within the sector's middle half▲ 6.5%€1.1mwithin the sector's middle half▲ 10.5%
Debt€357,960▲ 45.5%€415,451▲ 16.1%€563,181▲ 35.6%€559,345▼ 0.7%€668,297▲ 19.5%
Working capital€93,433within the sector's middle half▲ 9.3%€188,952within the sector's middle half▲ 102%€207,029within the sector's middle half▲ 9.6%€174,324within the sector's middle half▼ 15.8%€167,439within the sector's middle half▼ 3.9%
Solvency32.6%within the sector's middle half▼ 4.1pp43.3%within the sector's middle half▲ 10.7pp39.3%within the sector's middle half▼ 4.1pp38.4%within the sector's middle half▼ 0.9pp38.7%within the sector's middle half▲ 0.3pp
Current ratio1.37within the sector's middle half▼ 0.111.73within the sector's middle half▲ 0.361.65within the sector's middle half▼ 0.081.41within the sector's middle half▼ 0.241.38within the sector's middle half▼ 0.03
Return on assets (ROA)5.8%within the sector's middle half▼ 3.9pp19.7%above the sector's middle half▲ 13.9pp5.0%within the sector's middle half▼ 14.7pp5.5%within the sector's middle half▲ 0.5pp7.6%within the sector's middle half▲ 2.1pp
Staff (FTE)7.8below the sector's middle half▲ 8.3%8below the sector's middle half▲ 2.6%431,232.3above the sector's middle half▲ 5,390,304%9within the sector's middle half▼ 100.0%11within the sector's middle half▲ 22.2%
above
within
below
the middle half (P25 to P75) of NACE 10, Manufacture of food products, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 30% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€485,478 ▲ 25.0%
Current assets
€604,723 ▲ 1.0%
Equity and liabilities €1.1m
Equity
€421,905 ▲ 11.4%
Provisions
€0 ▼ 100%
Debt
€668,297 ▲ 19.5%
Debt's share of the balance-sheet total rises from 56.7% to 61.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€272,182▲
2024 · €175,922
Cash flow
€222,973▲
2024 · €128,914
Quick ratio
0.50▼
2024 · 0.68
Debt to equity
1.58▲
2024 · 1.48
ROE
19.7%▲
2024 · 14.4%
Interest coverage
7.44▲
2024 · 7.37
Debt ≤ 1 year
€437,284▲
2024 · €424,250
Debt > 1 year
€231,013▲
2024 · €135,095
Income taxes
€38,500▲
2024 · €23,173
Staff costs
€603,568▲
2024 · €442,959
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.4% 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 20,129 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €368,129 | €380,155 | €431,232 | €442,959 | €603,568 | ▲ 36.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €41,199 | €44,820 | €68,368 | €74,233 | €139,771 | ▲ 88.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €365 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €49,000 | -€38,987 | ▼ 180% |
| Other operating charges640/8 | €12,065 | €4,825 | €13,351 | €14,293 | €20,454 | ▲ 43.1% |
| Non-recurring operating charges66A | - | - | - | €18,651 | - | - |
| Gross operating margin9900 | €476,484 | €617,177 | €604,252 | €701,191 | €857,216 | ▲ 22.3% |
| Operating profit (loss)9901 | €55,091 | €187,378 | €91,300 | €101,689 | €132,411 | ▲ 30.2% |
| Financial income75/76B | €843 | €8,008 | €167 | €39 | €25,855 | ▲ 65,504% |
| Recurring financial income75 | €843 | €6,008 | €167 | €39 | €407 | ▲ 934% |
| Non-recurring financial income76B | - | €2,000 | - | - | €25,447 | - |
| Financial charges65/66B | €14,572 | €17,849 | €44,908 | €23,875 | €36,563 | ▲ 53.1% |
| Recurring financial charges65 | €14,572 | €17,849 | €20,613 | €23,875 | €36,563 | ▲ 53.1% |
| Non-recurring financial charges66B | - | - | €24,295 | - | - | - |
| Profit (loss) for the period before taxes9903 | €41,362 | €177,537 | €46,559 | €77,854 | €121,702 | ▲ 56.3% |
| Income taxes67/77 | €10,624 | €33,135 | - | €23,173 | €38,500 | ▲ 66.1% |
| Profit (loss) for the period9904 | €30,738 | €144,402 | €46,559 | €54,680 | €83,202 | ▲ 52.2% |
| Profit (loss) for the period to be appropriated9905 | €30,738 | €144,402 | €46,559 | €54,680 | €83,202 | ▲ 52.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €531,021 | €732,914 | €927,203 | €987,048 | €1.1m | ▲ 10.5% |
| Fixed assets21/28 | €185,305 | €285,531 | €402,666 | €388,474 | €485,478 | ▲ 25.0% |
| Intangible fixed assets21 | €10,800 | €8,041 | €9,212 | €8,162 | €58,958 | ▲ 622% |
| Tangible fixed assets22/27 | €168,805 | €271,790 | €387,754 | €374,611 | €408,820 | ▲ 9.1% |
| Land and buildings22 | €6,059 | €3,525 | €1,080 | €170 | - | - |
| Plant, machinery and equipment23 | €116,228 | €166,330 | €176,873 | €254,232 | €310,028 | ▲ 21.9% |
| Furniture and vehicles24 | €13,616 | €38,383 | €54,092 | €59,444 | €50,710 | ▼ 14.7% |
| Leasing and similar rights25 | - | - | €97,258 | €15,000 | €15,000 | = |
| Other tangible fixed assets26 | €32,902 | €63,552 | €58,451 | €45,766 | €33,082 | ▼ 27.7% |
| Financial fixed assets28 | €5,700 | €5,700 | €5,700 | €5,700 | €17,700 | ▲ 211% |
| Current assets29/58 | €345,716 | €447,383 | €524,537 | €598,574 | €604,723 | ▲ 1.0% |
| Stocks and contracts in progress3 | €189,173 | €222,440 | €295,882 | €311,428 | €387,695 | ▲ 24.5% |
| Stocks30/36 | €189,173 | €222,440 | €295,882 | €311,428 | €387,695 | ▲ 24.5% |
| Amounts receivable within one year40/41 | €67,243 | €94,091 | €101,489 | €102,839 | €162,839 | ▲ 58.3% |
| Trade receivables40 | €19,169 | €49,778 | €44,549 | €62,839 | €103,993 | ▲ 65.5% |
| Other amounts receivable41 | €48,074 | €44,313 | €56,940 | €40,000 | €58,846 | ▲ 47.1% |
| Current investments50/53 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Cash at bank and in hand54/58 | €64,234 | €97,658 | €93,532 | €159,308 | €18,411 | ▼ 88.4% |
| Deferred charges and accrued income490/1 | €66 | €8,193 | €8,634 | - | €10,779 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €531,021 | €732,914 | €927,203 | €987,048 | €1.1m | ▲ 10.5% |
| Equity10/15 | €173,061 | €317,463 | €364,022 | €378,703 | €421,905 | ▲ 11.4% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | €152,610 | €297,012 | €343,571 | €358,251 | €401,453 | ▲ 12.1% |
| Provisions and deferred taxes16 | - | - | - | €49,000 | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €49,000 | - | - |
| Taxes161 | - | - | - | €49,000 | - | - |
| Amounts payable17/49 | €357,960 | €415,451 | €563,181 | €559,345 | €668,297 | ▲ 19.5% |
| Amounts payable after more than one year17 | €105,614 | €157,021 | €245,672 | €135,095 | €231,013 | ▲ 71.0% |
| Financial debts170/4 | €105,614 | €157,021 | €245,672 | €135,095 | €231,013 | ▲ 71.0% |
| Amounts payable within one year42/48 | €252,283 | €258,430 | €317,508 | €424,250 | €437,284 | ▲ 3.1% |
| Current portion of amounts payable after more than one year42 | €75,847 | €71,270 | €74,878 | €110,392 | €167,332 | ▲ 51.6% |
| Trade debts44 | €112,328 | €118,685 | €143,022 | €204,090 | €145,149 | ▼ 28.9% |
| Suppliers440/4 | €112,328 | €118,685 | €143,022 | €204,090 | €145,149 | ▼ 28.9% |
| Taxes, remuneration and social security45 | €31,596 | €40,460 | €77,045 | €68,768 | €84,803 | ▲ 23.3% |
| Taxes450/3 | €152 | - | €3,977 | €9,137 | €27,574 | ▲ 202% |
| Remuneration and social security454/9 | €31,444 | €40,460 | €73,068 | €59,631 | €57,230 | ▼ 4.0% |
| Other amounts payable47/48 | €32,512 | €28,016 | €22,564 | €41,000 | €40,000 | ▼ 2.4% |
| Accrued charges and deferred income492/3 | €63 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,738 | €144,402 | €46,559 | €54,680 | €83,202 | ▲ 52.2% |
| + Depreciation and write-downs630 | €41,199 | €44,820 | €68,368 | €74,233 | €139,771 | ▲ 88.3% |
| Operating cash flow (approximation) | €71,938 | €189,222 | €114,927 | €128,914 | €222,973 | ▲ 73.0% |
| Investment in fixed assets (approximation) | - | -€145,046 | -€185,503 | -€60,041 | -€236,776 | ▼ 294% |
| Change in cash | - | €33,424 | -€4,126 | €65,776 | -€140,897 | ▼ 314% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2022
31-12
Financial
Highest result since 2018net €144,402 ▲370%
Operating result €187,378, net result €144,402, both a record.
31-12
Financial
Equity above €200,000Eq €317,463 ▲83.4%
5 profitable years in a row build equity to €317,463.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €150,000Eq €173,061 ▲21.6%
4 profitable years in a row build equity to €173,061.
11-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 72 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Equity above €100,000Eq €133,331 ▲39.1%
2 profitable years in a row build equity to €133,331.
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
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
Sign in to place this company at the front of the reading queue.
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, Brussel · 3 establishment units since 1991
Ground area
488 m²
Building footprint
318 m²
Volume, LiDAR
3,620 m³
3 parcels, Brussels, Flanders, Wallonia · tallest building 23.7 m, ±7 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
3 establishment units
CORICA
since 19912.052.597.796
Corica Bordet
since 20192.305.190.449
NEW CORICA
since 20212.324.534.328
3 parcels
Flanders
1
(33.3%)
Wallonia
1
(33.3%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23062N0041/02M023 | Flanders | 273 m² | 1 · 103 m² | 11.4 m · 3 fl. |
| 21004A0283/00F000 | Brussels | 130 m² | 1 · 131 m² | 23.7 m · 7 fl. |
| 52045A0114/00T004 | Wallonia | 85 m² | 1 · 84 m² | 11.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Recognitions · licences · registrations
Food safety, FASFC
3 sitesOverijse2.324.534.328
Brussel2.052.597.796
Charleroi2.305.190.449
Similar companies · same sector, comparable size
N.V. Cie BRESILIENNE S.A.
BE 0433.274.155
Sint-Jans-Molenbeek · Eq €404,112
HET AMBACHTELIJK KOFFIEHUIS
BE 0476.330.178
Roeselare · Eq €397,233
CAFES LEROY
BE 0426.562.448
Tournai · Eq €449,704
Wide Awake Coffee
BE 0720.625.173
Brussel · Eq €453,122
Monx Roasters
BE 0550.840.927
Zonhoven · Eq €388,761
Of 232 companies in sector 10830 we hold annual accounts for 113. 79 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
Founded20-03-1991
Fiscal year end31-12
Activities, NACEBEL 2025
10830Manufacture of food products
47110Non-specialised retail sale with food, beverages or tobacco predominating
47553Retail trade
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0443680968
Registered
20-11-2020
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.