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CORRECT PROJECT

Active
Private limited companyfounded 2011active for 15 yearsDiamantstraat (HRT) 8, 2200 Herentals, BelgiumKBO/BCE: BE 0839.201.735
Summary

The computed 12-month bankruptcy probability of CORRECT PROJECT is 7.4% (elevated). The 2024 annual accounts show equity of €56,235 and a net result of -€10,131. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 50% of 9,985 sector peers (NACE 41, financial year 2024). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
General construction of other non-residential buildings
NACE 41003
1 site
Size
€133,397total assets 2024
Equity
€56,235
Loss
-€10,131
Turnover not published (micro format)
Financial health
33 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
7.4%
Structure
Accounts 70 days overdue0 of 4 deeds read
Why 33raises risk1 financial year not filed after the legal deadline; latest accounts 342 days late; 3 of the last 3 lateFigures for financial year 2024 (filed 09-07-2026)Size: total assets €133,397lowers riskFounded in 2011Show the evidence

Checked score

Score 2024
33 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 28% of its sector peers (NACE 41, micro)
Financial strength · tick = 2023
Weak
Solvency 67-20
equity 42.2% of total assets
Liquidity 30-19
short-term debt 52.9% · cash 5.7%
Profitability 15-66
return on assets -7.6%
Bankruptcy probability, 12 months
7.4% Elevated
0%0.5%1.5%4%10%≥ 25%

About 7 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.5% (13,377 companies, NACE 41, micro)
Last 24 months 11-2024: 6.0% 12-2024: 7.4%▲ +1.4 percentage points vs 11-2024 01-2025: 9.3%▲ +1.9 percentage points vs 12-2024 02-2025: 9.3%● unchanged vs 01-2025 03-2025: 9.6%▲ +0.3 percentage points vs 02-2025 04-2025: 8.9%▼ -0.7 percentage points vs 03-2025 05-2025: 8.9%● unchanged vs 04-2025 06-2025: 8.9%● unchanged vs 05-2025 07-2025: 2.9%▼ -6.0 percentage points vs 06-2025lowest value 08-2025: 3.6%▲ +0.7 percentage points vs 07-2025 09-2025: 3.9%▲ +0.3 percentage points vs 08-2025 10-2025: 5.0%▲ +1.1 percentage points vs 09-2025 11-2025: 4.7%▼ -0.3 percentage points vs 10-2025 12-2025: 6.1%▲ +1.4 percentage points vs 11-2025 01-2026: 9.3%▲ +3.2 percentage points vs 12-2025 02-2026: 9.4%▲ +0.1 percentage points vs 01-2026 03-2026: 9.7%▲ +0.3 percentage points vs 02-2026highest value 04-2026: 9.0%▼ -0.7 percentage points vs 03-2026 05-2026: 9.0%● unchanged vs 04-2026 06-2026: 9.0%● unchanged vs 05-2026 07-2026: 9.0%● unchanged vs 06-2026 08-2026: 5.9%▼ -3.1 percentage points vs 07-2026 09-2026: 6.1%▲ +0.2 percentage points vs 08-2026 10-2026: 7.4%▲ +1.3 percentage points vs 09-2026
Credit of up to €1,500 on 30-day terms, only on tighter conditions
Liquidity ample (current ratio 1.78, compared with 3.1 in 2023; short-term debt: 52.9% and cash: 5.7% of total assets), but 57.8% of the assets are financed with debt.
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 41, micro): better than 50% on solvency, 25% on liquidity, 15% on profitability and 22% on growth.

The bankruptcy probability was computed on 08-10-2026 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 risk+raises risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 342 days late; 3 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 09-07-2026)
NBB · annual accounts
raises risk · Size: total assets €133,397
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 2011
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-07-2026, 342 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
342 days late
2023
329 days late
2022
232 days late
2021
25 days late
2020
15 days early
2019
45 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 145 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · micro…
  2. Annual accounts filedfinancial year 2023 · micro…
  3. Annual accounts filedfinancial year 2022 · micro…

Key points

  • Caution: Among the weakest 14% on net resultsector median €7,811 · 9,974 companies -€10,131 View
  • Caution: Accounts not fileddeadline was 31-07-2026 70 days late View
  • Total assets 20246 financial years filed €133,397 View

By topic

Financials

Financial year
2024
Total assets
€133,397
Loss
-€10,131
Solvency
42.2%
Total assets▲ 25.2%
Net result
20182024
Go to Financials

Timeline

Events
17
Since
2013
  1. 31-12-2022Back to profit
  2. 25-08-2022Annual accounts filed
  3. 31-12-2021Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
General construction of other non-residential buildingsNACE 41003
Founded
08-09-2011
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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