Summary
Corrado is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €135k and a net result of €-11k. Equity is shrinking by ~3.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 1422 sector peers (fiscal year 2024). The company has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
45 d early
2023
34 d early
2022
49 d early
2021
40 d early
2020
21 d early
2019
60 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€135k▼ 7.3%
2023 · €146k
2018: €178k
2019: €160k
2020: €154k
2021: €155k
2022: €153k
2023: €146k
2018 → 2024
Net result
€-11k▼ 38.0%
2023 · €-8k
2018: €-27k
2019: €-20k
2020: €-6k
2021: €1k
2022: €-2k
2023: €-8k
2018 → 2024
Total assets
€508k▼ 4.5%
2023 · €532k
2018: €243k
2019: €293k
2020: €274k
2021: €267k
2022: €548k
2023: €532k
2018 → 2024
Solvency
26.6%▼ 0.8pp
2023 · 27.4%
2018: 73.3%
2019: 54.4%
2020: 56.0%
2021: 57.9%
2022: 28.0%
2023: 27.4%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€154k-€155k▲ 0.7%€153k▼ 1.1%€146k▼ 5.0%€135k▼ 7.3%
Operating result€-6k-€674€140▼ 79.2%€3k▲ 2,014%€2k▼ 21.4%
Net result€-6k-€1k€-2k€-8k▼ 366%€-11k▼ 38.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 21% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €508k
Fixed assets
€497k ▼ 4.1%
Current assets
€12k ▼ 19.4%
Equity and liabilities €508k
Equity
€135k ▼ 7.3%
Provisions
€51k ▼ 3.6%
Debt
€323k ▼ 3.4%
Debt's share of the balance-sheet total rises from 62.8% to 63.5%. Equity and debt are lower.
Key figures and ratios
ROE
-7.9%▼
2023 · -5.3%
ROA
-2.1%▼
2023 · -1.4%
Debt ≤ 1 year
€14k▲
2023 · €13k
Debt > 1 year
€298k▼
2023 · €312k
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 · 2024 against 2023 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€532k€508k▼
Fixed assets21/28€518k€497k▼
Tangible fixed assets22/27€518k€497k▼
Land and buildings22€518k€497k▼
Current assets29/58€14k€12k▼
Amounts receivable within one year40/41€377€600▲
Trade receivables40€90€600▲
Other amounts receivable41€287€0▼
Cash at bank and in hand54/58€14k€11k▼
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€532k€508k▼
Equity10/15€146k€135k▼
Contributions10/11€19k€19k=
Reserves13€164k€160k▼
Tax-exempt reserves132€125k€121k▼
Distributable reserves133€39k€39k=
Profit (loss) carried forward14€-37k€-43k▼
Provisions and deferred taxes16€53k€51k▼
Deferred taxes168€53k€51k▼
Amounts payable17/49€334k€323k▼
Amounts payable after more than one year17€312k€298k▼
Financial debts170/4€312k€298k▼
Amounts payable within one year42/48€13k€14k▲
Current portion of amounts payable after more than one year42€13k€14k▲
Trade debts44€0-
Suppliers440/4€0-
Accrued charges and deferred income492/3€9k€11k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€21k▲
Other operating charges640/8€4k€4k▲
Gross operating margin9900€28k€27k▼
Operating profit (loss)9901€3k€2k▼
Financial income75/76B€28€0▼
Recurring financial income75€28€0▼
Financial charges65/66B€13k€15k▲
Recurring financial charges65€13k€15k▲
Profit (loss) for the period before taxes9903€-10k€-12k▼
Transfer from deferred taxes780€2k€2k=
Profit (loss) for the period9904€-8k€-11k▼
Transfer from tax-exempt reserves789€4k€4k=
Profit (loss) for the period to be appropriated9905€-3k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-37k€-43k▼
Profit (loss) brought forward from the previous period14P€-34k€-37k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €1k
Net result €1k after 3 loss-making years.
10-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 60 days late
2019
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
10-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 10 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Hasselt · 1 establishment unit since 1996
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Diestersteenweg 1853510 HasseltGround area
432 m²
Building footprint
157 m²
Volume, LiDAR
1,172 m³
Parcel 71028B0381/00D002, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Corrado
since 19962.077.254.505
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71028B0381/00D002 | Flanders | 432 m² | 1 · 157 m² | 11.8 m · 3 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 1,507 companies in sector 66199 we hold annual accounts for 917. 638 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-05-1996
Fiscal year end31-12
Activities, NACEBEL 2025
66199Other activities auxiliary to financial services, excluding insurance and pension funding
46349Wholesale of beverages, general range
46391Wholesale trade
47241Retail sale of bread and pastry (bakery outlets)
96991Personal service activities
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.