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CORRECT BUSINESS

Active
Private limited company (pre-2019)founded 2017active for 9 yearsOude Heerweg 2, 9160 Lokeren, Belgium58 active companies are registered at this addressKBO/BCE: BE 0682.461.811
Summary

The computed 12-month bankruptcy probability of CORRECT BUSINESS is 2.0% (moderate). The 2025 annual accounts show equity of €100,548 and a net result of €33,856. Equity is growing by about 44% per year across the filed financial years. Its solvency ranks better than 64% of 4,255 sector peers (NACE 74, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Other professional, scientific and technical activities
NACE 74999
1 site
Size
€155,363total assets 2025
Equity
€100,548
Profit
€33,856
Turnover not published (micro format)
Financial health
55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.0%
Structure
Accounts filed 2 days late1 of 10 deeds read
Why 55raises riskLatest accounts 3 days late; 2 of the last 3 late1 change of registered office in 24 monthsLiquidity: current ratio 2.83, cash €319, halvedlowers riskSector: Other professional, scientific and technical activities (NACE 74)Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 57% of its sector peers (NACE 74, micro)
Financial strength · tick = 2024
Strong
Solvency 90-3
equity 64.7% of total assets
Liquidity 34-4
short-term debt 35.3% · cash 0.2%
Profitability 92+6
return on assets 21.8%
Bankruptcy probability, 12 months
2.0% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (5,411 companies, NACE 74, micro)
Last 24 months 11-2024: 3.6% 12-2024: 3.5%▼ -0.1 percentage points vs 11-2024 01-2025: 2.0%▼ -1.5 percentage points vs 12-2024 02-2025: 2.6%▲ +0.6 percentage points vs 01-2025 03-2025: 3.2%▲ +0.6 percentage points vs 02-2025 04-2025: 4.9%▲ +1.7 percentage points vs 03-2025 05-2025: 4.7%▼ -0.2 percentage points vs 04-2025 06-2025: 5.0%▲ +0.3 percentage points vs 05-2025 07-2025: 6.9%▲ +1.9 percentage points vs 06-2025 08-2025: 6.9%● unchanged vs 07-2025 09-2025: 7.2%▲ +0.3 percentage points vs 08-2025highest value 10-2025: 6.7%▼ -0.5 percentage points vs 09-2025 11-2025: 2.2%▼ -4.5 percentage points vs 10-2025 12-2025: 2.1%▼ -0.1 percentage points vs 11-2025 01-2026: 2.1%● unchanged vs 12-2025 02-2026: 4.0%▲ +1.9 percentage points vs 01-2026 03-2026: 2.0%▼ -2.0 percentage points vs 02-2026 04-2026: 2.0%● unchanged vs 03-2026 05-2026: 2.0%● unchanged vs 04-2026 06-2026: 2.0%● unchanged vs 05-2026 07-2026: 2.0%● unchanged vs 06-2026 08-2026: 2.0%● unchanged vs 07-2026 09-2026: 2.0%● unchanged vs 08-2026 10-2026: 2.0%● unchanged vs 09-2026lowest value
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.83, compared with 3.15 in 2024; short-term debt: 35.3% and cash: 0.2% of total assets), and 35.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro): better than 66% on solvency, 20% on liquidity, 69% on profitability and 72% on growth.

The bankruptcy probability was computed on 12-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Latest accounts 3 days late; 2 of the last 3 late
NBB · filings
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Liquidity: current ratio 2.83, cash €319, halved
NBB · annual accounts
lowers risk · Sector: Other professional, scientific and technical activities (NACE 74)
KBO
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 7 filings
Deviation from the deadline
2025
2 days late
2024
242 days late
2023
316 days late
2022
27 days late
2021
45 days early
2020
38 days late
2019
13 days 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 85 days after the deadline; the sector median (NACE 74) for financial year 2024 is 3 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 27 February (4 of the last 5 filed years within 215 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end12-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Registered officeRegistered-office move
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Positive: 5 profitable years in a rowprofit 2025: €33,856 5 years View
  • Total assets 20256 financial years filed €155,363 View
  • Active since 2017founded 03-10-2017 9 years View

By topic

Financials

Financial year
2025
Total assets
€155,363
Profit
€33,856
Solvency
64.7%
Total assets▲ 38.3%
Net result
20192025
Go to Financials

Timeline

Events
13
Since
2020
Next accounts
by 31-01-2027
  1. 30-06-2025Highest result from 2019 to 2025
  2. 30-06-2025Equity above €100,000
  3. 12-12-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company (pre-2019)
Activity
Other professional, scientific and technical activitiesNACE 74999
Founded
03-10-2017
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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