Checked.be
Active
BE 0465.754.210Private limited company (pre-2019)
CORPACK - IMMO
Doornpark(BEV) 20 ·9120 Beveren-Kruibeke-Zwijndrecht, Belgium· 27 yrs active
Sector: Renting and operating of own or leased residential real estate, excluding social housing
(68201)
Conclusion
CORPACK - IMMO has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.50M and a net result of €345k. Equity is growing by ~26.7% per year across the filed fiscal years. Its solvency ranks better than 61% of 9688 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €1.50M |
| Net result | €345k |
| Better than sector | 61% |
| Active | 27 yrs |
Financial profile
85
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
86
Profitability
100
Solvency
89
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1999, 27 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
86
/ 100
Excellent
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
€130k
estimate, not credit advice
Score history
85
2020
40
2021
91
2022
94
2023
86
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 3.48 (≥ 1.5)
+10
Quick ratio
Quick ratio 3.48 (≥ 1.0)
+5
Leverage
Debt/equity 1.24 (< 2.0)
+3
Profitability
ROE 23% (≥ 10%)
+10
Interest coverage
Interest coverage 12.2× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 27-06-2025 with the NBB · fiscal year 2024 · abbreviated schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~26.7%/year over 5 fiscal years, indicative, assuming unchanged policy.
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 68, Real estate activities · compared within the same schema type (abbreviated schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 43.6% | 30.8% | |
| Net result | €345k | €13k | |
| Equity | €1.50M | €419k | |
| Gross operating margin | €508k | €116k | |
| Total assets | €3.43M | €1.85M |
€464k
-9.1%
20-24
€345k
-1.9%
20-24
€468k
+2.0%
20-24
€3.43M
+11.8%
20-24
€1.50M
+30.0%
20-24
€801k
-2.8%
20-24
€135k
+11.1%
20-24
€0
-100.0%
20-24
€1.86M
+1.6%
20-24
€322k
+110.4%
20-24
€1.54M
-8.3%
20-24
3.48
-45.4%
20-24
3.48
-45.4%
20-24
43.6%
+16.3%
20-24
1.24
-21.8%
20-24
23.1%
-24.6%
20-24
10.1%
-12.2%
20-24
12.17
-2.5%
20-24
Figures by fiscal year and ratios
Change versus the prior fiscal year, coloured by direction (green = favourable).
| Fiscal year | 2024 Δ | 2023 Δ | 2022 Δ | 2021 Δ | 2020 Δ |
|---|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | -9.1% | +11.5% | +9.4% | -15.5% | - |
| Net profit | -1.9% | +20.6% | +48.0% | -74.9% | - |
| Cash flow | +2.0% | +15.2% | +31.3% | -65.9% | - |
| Staff costs | - | - | - | - | - |
| Income taxes | +11.1% | +10.8% | +44.9% | -27.7% | - |
| Dividends | - | - | -100.0% | - | - |
| Total assets | +11.8% | +7.1% | +26.3% | -24.9% | - |
| Equity | +30.0% | +44.1% | +57.6% | -59.0% | - |
| Debt | +1.6% | -6.9% | +19.3% | -0.6% | - |
| of which ≤ 1y | +110.4% | +2.3% | -90.9% | +239.8% | - |
| of which > 1y | -8.3% | -7.7% | - | -100.0% | - |
| Working capital | -2.8% | +25.7% | - | - | - |
| Employees (FTE) | - | - | - | - | - |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 3.48 | 6.38 | 5.38 | 0.07 | 1.56 |
| Quick ratio | 3.48 | 6.38 | 5.38 | 0.07 | 1.56 |
| Working capital ratio | 23.3% | 26.9% | 22.9% | -67.8% | 8.9% |
| Solvency | 43.6% | 37.5% | 27.9% | 22.3% | 40.9% |
| Debt / equity | 1.24 | 1.59 | 2.46 | 3.25 | 0.95 |
| Long-term debt ratio | 1.03 | 1.46 | 2.27 | 0.00 | 0.95 |
| Interest coverage | 12.17 | 12.48 | 11.24 | 7.94 | - |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 10.1% | 11.5% | 10.2% | 8.7% | 26.0% |
| ROE | 23.1% | 30.6% | 36.5% | 38.9% | 63.5% |
| 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 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €3.43M | €3.07M | €2.87M | €2.27M | €3.02M |
| Fixed assets | 21/28 | €2.31M | €2.09M | €2.06M | €2.16M | €2.27M |
| Tangible fixed assets | 22/27 | €2.30M | €2.09M | €2.06M | €2.16M | €2.26M |
| Financial fixed assets | 28 | €3k | €3k | €3k | €3k | €3k |
| Current assets | 29/58 | €1.12M | €977k | €805k | €109k | €754k |
| Amounts receivable within one year | 40/41 | €1.10M | €712k | €752k | €106k | €572k |
| Cash & bank | 54/58 | €23k | €265k | €53k | €3k | €182k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €3.43M | €3.07M | €2.87M | €2.27M | €3.02M |
| Equity | 10/15 | €1.50M | €1.15M | €799k | €507k | €1.23M |
| Contributions / capital | 10/11 | €132k | €132k | €132k | €132k | - |
| Reserves | 13 | €192k | €224k | €255k | €287k | €318k |
| Accumulated profits (losses) | 14 | €1.17M | €795k | €411k | €88k | €784k |
| Provisions & deferred taxes | 16 | €75k | €88k | €102k | €115k | €128k |
| Amounts payable | 17/49 | €1.86M | €1.83M | €1.97M | €1.65M | €1.66M |
| Amounts payable after one year | 17 | €1.54M | €1.68M | €1.82M | €0 | €1.17M |
| Amounts payable within one year | 42/48 | €322k | €153k | €150k | €1.65M | €485k |
| Trade debts payable within one year | 44 | €43k | - | €0 | €38k | €4k |
| Income statement | ||||||
| Gross operating margin | 9900 | €508k | €552k | €459k | €455k | €532k |
| Operating result | 9901 | €341k | €404k | €351k | €312k | €391k |
| Financial income | 75 | €164k | €98k | €78k | - | - |
| Financial charges | 65 | €38k | €41k | €41k | €53k | €19k |
| Result before taxes | 9903 | €467k | €461k | €389k | €260k | €373k |
| Income taxes | 67/77 | €135k | €122k | €110k | €76k | €105k |
| Net result for the period | 9904 | €345k | €352k | €292k | €197k | €281k |
| Result to be appropriated | 9905 | €377k | €384k | €323k | €229k | €312k |
Legal Structure
| NACE primary | Renting and operating of own or leased residential real estate, excluding social housing(68201) |
| Legal form | Private limited company (pre-2019)(015) |
| Incorporation | 29-03-1999 |
| Status | Active |
| Postal code | 9120 |
Establishment units
Doornpark(BEV) 20, 9120 Beveren-Kruibeke-Zwijndrecht
since 19992.091.419.176
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46503C1300/00A000 | Flanders | 1.3 ha | 1 · 7,328 m² | 40.5 m · 2 fl. |
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.
Updates
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
07-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1MEq €1.15M ▲44.1%
4 profitable years in a row build equity to €1.15M.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity times 81current ratio 5.38
Current ratio from 0.07 to 5.38; short-term debt falls from €1.65M to €150k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €197k ▼74.9%
Net result drops to €197k, the lowest in the series; recovery starts the following year.
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
06-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
14-07
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
Renting and operating of own or leased residential real estate, excluding social housing68201
Names & trade names
| Legal nameNL | CORPACK - IMMO |
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