Equity
€2.5m ▲ 22.1%
Correct-Services has made a profit without a break since 2012.
Correct-Services
Lifetime
15 annual accounts with figures on one time axispeak €1.8m (2024)
€1.8m▼ 0.2%
lowest -€782 (2011)
€455,785▼ 0.7%
peak €2.5m (2025)
€2.5m▲ 22.1%
€1.6m▼ 22.1%
peak 12.3 FTE (2025)
12.3 FTE▲ 5.1%
Board3 names since 2020
2 directors and 1 other
Documentsfilings and deeds
02-07-202629 days before the deadline
2025abbreviated format
Equity from €2.1m to €2.5mDebts from €2.0m to €1.6m
Key points
from the 2025 annual accountsTurnover
≈ €3.0m estimated
The abbreviated format states no turnover.
Staff
13 employees on 31-12-2025
In 2025, 49 people joined and 48 left.
Liquidity
4.29 was 2.85 in 2024
Short-term debts fell from €829,352 to €554,312.
Filings
15 annual accounts since 2010
The last five annual accounts were filed 23 to 110 days before the end of the period.
Position in the sector
€2.5m
More equity than 92% of companies in repair and installation of machinery. Sector median €404,762 · 585 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 17,806 companies had the same profile as Correct-Services has now. Each dot stands for 45 companies, two years later.
96.5%
were still trading
3.2%
stopped another way
0.3%
went bankrupt
Test of the method
The method was tested on the 497,331 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.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 17,806 companies, not a prediction for Correct-Services. 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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Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0816952707
Resignation: (director)
Cancellation of 15 shares · The company holds 52 shares of Correct-Services · General meeting of 29-03-2023 · Gazette deed
Changes of role: , and
Director discharge: (manager) · Director discharge: (manager) · Director discharge: (manager) · General meeting of 08-12-2020 · Gazette deed
Registered office moved from Ghent to Evergem
New registered office: Baron van Loolaan 8, 9940 Evergem · Previous registered office: Industrieweg 122 bus N, 9032 Gent · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Correct-Services Evergem | €4.1m | €1.8m | 61.4% | 12.3 |
| BKA Service, providing the best service in industry Merchtem | €5.5m | €2.4m | 52.1% | 15.2 |
| AVM SERVICE Laakdal | €2.4m | €1.3m | 61.2% | 14.7 |
| STUBBE Beerse | €2.6m | €2.1m | 48.7% | 17.9 |
| Groupe Doneux Namur | €4.5m | €1.2m | 23.5% | 11.7 |
| DENIS DEHARD Manhay | €3.8m | €0.9m | 15.2% | 15.2 |
| VAN ROY STEVEN Herentals | €4.9m | €2.1m | 36.3% | 21.9 |
These companies have the same main activity as Correct-Services: repair and maintenance of machinery (NACE 33120). They are comparable in size and age: total assets between €2.4m and €5.5m, founded between 2000 and 2013.
Official details
Source: KBO- Status
- Active since 30-06-2009Normal situation
- Activity
- Repair and maintenance of machineryNACE 33120and 1 other
- Establishment unit
- 2.180.021.0559032 Ghent, since 30-06-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 30-01-2025
Annual accounts 2025
- €4.1m▲ 0.1%
- Employeeson 31-12-2025
- 13▲ 8.3%
- Filing
- Filed on 02-07-2026, 29 days before the end of the filing period
Insights on Correct-Services
Correct-Services files the abbreviated format. That format states no turnover. The gross margin rose from €29,750 in 2010 to €1.8m in 2025.
The balance sheet grew most from 2016 to 2018 through fixed assets.
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-Services
- What is the company number of Correct-Services?
- The company number of Correct-Services is 0816.952.707. The VAT number is the same number with BE in front: BE 0816.952.707.
- Where is Correct-Services based?
- The registered office is at Baron Van Loolaan 8, 9940 Evergem.Company details
- What does Correct-Services do?
- According to the KBO register, the main activity is repair and maintenance of machinery (NACE 33120).
- What is the legal form of Correct-Services?
- Correct-Services is a private limited company (BV).
- When was Correct-Services founded?
- Correct-Services was founded on 30-06-2009.
- Is Correct-Services still active?
- Yes, Correct-Services is an active enterprise in the KBO register.
- How many employees does Correct-Services have?
- Correct-Services had an average of 12.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of Correct-Services?
- The turnover in financial year 2025 is ≈ €3.0m. This figure is estimated from the gross margin of €1.8m and 1,585 comparable companies of the same size. It probably lies between €2.1m and €5.0m. It is a rough estimate.
- Is Correct-Services profitable?
- In financial year 2025, Correct-Services made a profit of €455,785.
- Where can I find the annual accounts of Correct-Services?
- Correct-Services filed 15 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Correct-Services due?
- Correct-Services must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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