Age14 yrs
Real estate1 parcel · 1.2 ha
Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of CORRECT PROJECT is 1.1% (low). The 2024 annual accounts show equity of €56k and a net result of €-10k. Equity is growing by ~10.7% per year across the filed fiscal years. Its solvency ranks better than 53% of 3838 sector peers (fiscal year 2024). The company has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 7 annual accounts.
Filing behaviour
From the deposit records, complete market-wideDeadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 16 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
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: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
| Year closed | Due by | Filed | Variance | Reference |
|---|---|---|---|---|
| 31-12-2025 | 31-07-2026 | nothing on record | not filed | - |
| 31-12-2024 | 31-07-2025 | 08-07-2026 | 342 d late | 2026-00272120 |
| 31-12-2023 | 31-07-2024 | 25-06-2025 | 329 d late | 2025-00182021 |
| 31-12-2022 | 31-07-2023 | 19-03-2024 | 232 d late | 2024-00049314 |
| 31-12-2021 | 31-07-2022 | 25-08-2022 | 25 d late | 2022-20316368 |
| 31-12-2020 | 31-07-2021 | 16-07-2021 | 15 d early | 2021-36800227 |
| 31-12-2019 | 31-07-2020 | 16-06-2020 | 45 d early | 2020-17400033 |
| 31-12-2018 | 31-07-2019 | 17-02-2020 | 201 d late | 2020-05100558 |
| 31-12-2017 | 31-07-2018 | 25-10-2018 | 86 d late | 2018-70800537 |
| 31-12-2016 | 31-07-2017 | 31-08-2017 | 31 d late | 2017-59300113 |
| 31-12-2015 | 31-07-2016 | 28-10-2016 | 89 d late | 2016-67000230 |
Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.
Trust signals
2 signalsEstablished
Founded in 2011, 14 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.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone1.1%
Low
0%0,5%1,5%4%10%≥25%
Higher-failure-rate sector
+Annual accounts: weaker financial profile
+Long track record
−
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-10k
Working capital€55k-14.3%
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 08-07-2026 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~95% of the level (threshold 35%). We therefore deliberately show no projection line.
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 41, Construction of buildings · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 42.2% | 39.5% | |
| Net result | €-10k | €9k | |
| Equity | €56k | €29k | |
| Gross operating margin | €4k | €26k | |
| Total assets | €133k | €85k |
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Sector position over time
Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).
P53
Weakening position over 2020-2024
· n=495-3838
P10
Weakening position over 2020-2024
· n=493-3834
P71
Stable position over 2020-2024
· n=498-3843
P18
Stable position over 2020-2024
· n=494-3831
Describes the position versus peers, not a forecast.
€2k
-94.1%
18-24
€-10k
-
18-24
€-947
-
18-24
€133k
+25.2%
18-24
€56k
-15.3%
18-24
€55k
-14.3%
18-24
€1k
-
18-24
€327
-96.4%
18-24
Show 10 other metrics
€77k
+92.2%
18-24
€71k
+130.9%
18-24
€7k
0.0%
18-24
1.78
-42.6%
18-24
1.78
-42.6%
18-24
42.2%
-32.3%
18-24
1.37
+126.8%
18-24
-18.0%
-
18-24
-7.6%
-
18-24
0.73
-96.1%
18-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €2k |
| Net profit | €-10k |
| Cash flow | €-947 |
| Staff costs | - |
| Income taxes | €327 |
| Dividends | - |
| Total assets | €133k |
| Equity | €56k |
| Debt | €77k |
| of which ≤ 1y | €71k |
| of which > 1y | €7k |
| Working capital | €55k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 1.78 |
| Quick ratio | 1.78 |
| Working capital ratio | 41.2% |
| Solvency | 42.2% |
| Debt / equity | 1.37 |
| Long-term debt ratio | 0.12 |
| Interest coverage | 0.73 |
| Gross margin | - |
| Net margin | - |
| ROA | -7.6% |
| ROE | -18.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (22 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €133k |
| Fixed assets | 21/28 | €8k |
| Tangible fixed assets | 22/27 | €8k |
| Financial fixed assets | 28 | €25 |
| Current assets | 29/58 | €126k |
| Amounts receivable within one year | 40/41 | €118k |
| Cash & bank | 54/58 | €8k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €133k |
| Equity | 10/15 | €56k |
| Contributions / capital | 10/11 | €19k |
| Reserves | 13 | €38k |
| Amounts payable | 17/49 | €77k |
| Amounts payable after one year | 17 | €7k |
| Amounts payable within one year | 42/48 | €71k |
| Trade debts payable within one year | 44 | €67k |
| Income statement | ||
| Gross operating margin | 9900 | €4k |
| Operating result | 9901 | €-8k |
| Financial charges | 65 | €2k |
| Result before taxes | 9903 | €-10k |
| Income taxes | 67/77 | €327 |
| Net result for the period | 9904 | €-10k |
| Result to be appropriated | 9905 | €-10k |
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed45
/ 100
Fair
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.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Structure & network
Locations & real estate
Registered office
on the map · from the address registerEstablishment units
1 locationCORRECT PROJECT
since 20112.204.229.186
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1.2 ha
Buildings1
Building footprint3,044 m²
Volume (LiDAR)52,510 m³
Tallest building24.1 m · ±6 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13027A0065/00F002 | Flanders | 1.2 ha | 1 · 3,044 m² | 24.1 m · 6 fl. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
1 acts All acts · 1
updated 2 years ago
2024
25-01-2024 Publication in the Belgian Official Gazette, Minor change
Summary:
Statutes changeNotary:
Emmanuel Van Roosbroeck · Antwerpen
Analysis
Financial profile
5 of 5 axes measured56
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
45
Profitability
0
Solvency
81
Growth
52
Stability
100
Credit advice
verdict per customer and amountSimilar
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We hold annual accounts for 305 of the 2,440 companies in this sector. 255 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Algemene bouw van andere niet-residentiële gebouwen41003Algemene bouw van andere niet-residentiële gebouwen41203Overige bouwinstallatie43240Overige bouwinstallatie, n.e.g.43299Cafés en bars56301Cafés en bars56301
Primary activity highlighted.
Names & trade names
| Legal nameNL | CORRECT PROJECT |
Registered office
Diamantstraat (HRT) 8 bus 337
2200 Herentals, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.