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CORRECT

Active Private limited companyfounded 1999active for 27 yearsHeibloemlaan 22, 2280 GrobbendonkKBO/BCE: BE 0465.579.115 #2 oldest company in Grobbendonk, Administrative and support services sector

Lifetime

20 annual accounts with figures on one time axis, 27 filings since 1999
peak €421,580 (2025)
€421,580▲ 6.2%
lowest -€10,428 (2009)
€82,082▼ 8.7%
peak €568,289 (2025)
€568,289▲ 4.4%
€46,955▼ 12.1%
peak 4.5 FTE (2019)
-not published
Board1 name since 2010
1 director
Documentsfilings and deeds
13-08-202613 days late
2025micro format
Dividend €57,895Cash from €334,029 to €177,266

Key points

from the 2025 annual accounts

Equity

€568,289 ▲ 4.4%
544,1022024+82,082Profit-57,895Dividend568,2892025

CORRECT paid out €57,895 in dividends. That is 71% of the 2025 profit.

Filings

27 annual accounts since 1999
AprilJune31 JulyOctober200020102020

Five of the last ten came late. The 2023 accounts came latest: 20 days after the end of the period.

Position in the sector

92.4%

Higher solvency than 95% of companies in building services and landscaping. Sector median 40.5% · 5,730 companies.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 31,368 companies had the same profile as CORRECT has now. Each dot stands for 79 companies, two years later.

93.5%
were still trading
5.9%
stopped another way
0.5%
went bankrupt
  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more

Another 0.1% stopped without a precise date, possibly only after those two years.

Test of the method

The method was tested on the 497,448 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 31,368 companies, not a prediction for CORRECT. 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.

Credit verdict

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Board and ownership

Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0465579115
Resignation: (manager) Reappointment: (director) · General meeting of 19-05-2022 · Gazette deed
First establishment Heibloemlaan 22, Grobbendonk
Incorporation published on 24-03-1999 · Gazette deed
All 39 events

Comparable companies

same main activity, similar in size and age
Company
CORRECT Grobbendonk €615,244 €421,580 92.4% -
CITY CLEAN Jette €566,937 €370,532 76.6% -
MARCO SERVICE Essen €789,559 €424,786 29.3% 6.1
CRYSTAL CLEANING Sint-Katelijne-Waver €499,172 €335,707 38.5% -
AROO, BIO-HYGIENE SERVICE Malle €822,572 €288,455 41.7% -
ATAR Lier €776,487 €588,967 15.2% 7.5
TURA Ravels €872,467 €577,636 89.7% -

These companies have the same main activity as CORRECT: other building cleaning and industrial cleaning (NACE 81220). They are comparable in size and age: total assets between €499,000 and €872,000, founded between 1992 and 2002.

Official details

Source: KBO
Status
Active since 16-03-1999Normal situation
Activity
Other building cleaning and industrial cleaningNACE 81220and 1 other
Joint committee
121Cleaning · annual accounts 2023
Establishment unit
2.090.856.4772280 Grobbendonk, since 26-04-1999
Financial year end
31 December
Peppol
Reachable since 30-01-2025
Company details

Annual accounts 2025

≈ €830,000estimated
€615,244▲ 3.0%
Employeeson 31-12-2025
4=
Filing
Filed on 13-08-2026
Financials

Insights on CORRECT

CORRECT files the micro format. That format states no turnover. The gross margin rose from €49,714 in 2006 to €421,580 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about CORRECT

What is the company number of CORRECT?
The company number of CORRECT is 0465.579.115. The VAT number is the same number with BE in front: BE 0465.579.115.
Where is CORRECT based?
The registered office is at Heibloemlaan 22, 2280 Grobbendonk.Company details
What does CORRECT do?
According to the KBO register, the main activity is other building cleaning and industrial cleaning (NACE 81220).
What is the legal form of CORRECT?
CORRECT is a private limited company (BV).
When was CORRECT founded?
CORRECT was founded on 16-03-1999.
Is CORRECT still active?
Yes, CORRECT is an active enterprise in the KBO register.
How many employees does CORRECT have?
CORRECT had an average of 4 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does CORRECT fall under?
In its 2023 annual accounts, CORRECT states joint committee 121 (Cleaning).
What is the turnover of CORRECT?
The turnover in financial year 2025 is ≈ €830,000. This figure is estimated from the gross margin of €421,580 and 51 comparable companies (NACE 81). It probably lies between €570,000 and €1.3m.
Is CORRECT profitable?
In financial year 2025, CORRECT made a profit of €82,082.
Where can I find the annual accounts of CORRECT?
CORRECT filed 27 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CORRECT due?
CORRECT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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