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Correlation

Active Private limited companyfounded 2011active for 15 yearsRue Derrière les Haies 49, 4280 HannutKBO/BCE: BE 0839.201.042 #8 company by equity in Hannut, Telecoms and IT sector

Overview

Lifetime

14 annual accounts with figures on one time axis
peak €91,870 (2026)
€91,870▲ 23.0%
peak €48,239 (2026)
€48,239▲ 38.1%
peak €241,929 (2025)
€184,618▼ 23.7%
€138,721▲ 164%
Board1 name since 2022
1 director
Documentsfilings and deeds
22-09-202639 days before the deadline
2026micro format
Gross margin from €74,712 to €91,870Result from €34,919 to €48,239Dividend €105,550Equity from €241,929 to €184,618Debts from €52,586 to €138,721

Key points

from the 2026 annual accounts

Equity

€184,618 ▼ 23.7%
241,9292025+48,239Profit-105,550Dividend184,6182026

Correlation paid out €105,550 in dividends. That is 219% of the 2026 profit.

Debts

€138,721 ▲ 164%
Other debts
+88,550
Taxes and wages
+8,859
Suppliers
+206
The rest
-11,478

Debts rose by €86,136 in 2026. A dividend stands under other debts on the balance sheet date until it is paid.

Filings

14 annual accounts since 2013
deadline201520202025

The last five annual accounts were filed 24 to 53 days before the end of the period.

Checked score

Bankruptcy probability within 12 months

Financial strength

Score breakdown

Comparable companies, two years later

In July 2024, 34,691 companies had the same profile as Correlation has now. Each dot stands for 87 companies, two years later.

95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
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.

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 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 34,691 companies, not a prediction for Correlation. 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

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

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 0208:0839201042
Change of role: , from manager to director Director discharge: · General meeting of 15-05-2023 · Gazette deed
First establishment Rue Derrière les Haies 49, Hannut
Incorporation published on 22-09-2011 · Gazette deed
All 24 events

Comparable companies

same main activity, similar in size and age
Company
Correlation Hannut €323,340 €91,870 57.1% -
S-CONSULTING Lier €319,961 €93,415 82.1% -
SET IT UP Waterloo €327,682 €93,912 50.3% -
DE KEERSMAEKER CONSULTING Kontich €323,349 €88,534 98.4% -
CODESTATION Kapellen €320,000 €96,850 44.5% -
IS Partner Genappe €334,438 €87,687 73.2% -
NY PERFORMANCES Woluwe-Saint-Lambert €340,601 €89,442 74.0% -

These companies have the same main activity as Correlation: computer consultancy and computer facilities management (NACE 62200). They are comparable in size and age: total assets between €320,000 and €341,000, founded between 2011 and 2012.

Official details

Source: KBO
Status
Active since 12-09-2011Normal situation
Activity
Computer consultancy and computer facilities managementNACE 62200and 2 others
Establishment unit
2.202.222.7714280 Hannut, since 19-09-2011
Financial year end
31 March
Peppol
Reachable since 13-10-2025
Company details

Annual accounts to 31-03-2026

€91,870▲ 23.0%
≈ €180,000estimated
€48,239▲ 38.1%
€184,618▼ 23.7%
€323,340▲ 9.8%
Filing
Filed on 22-09-2026, 39 days before the end of the filing period
Financials

Insights on Correlation

Correlation files the micro format. That format states no turnover. The gross margin rose from €62,763 in 2013 to €91,870 in 2026.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2026

micro format, filed on 22-09-2026, 39 days before the deadline
€91,870
▲ 23.0%
€67,357
▲ 38.1%
€48,239
▲ 38.1%
€121,284
▼ 34.2%
57.1%
▼ 25.0 percentage points
1.88
▼ 3.57

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €180,000. Estimated: probably between €160,000 and €230,000.

Balance sheet

balance sheet total €323,340 on 31-03-2026
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

57.1%

Higher than 78% of 21,217 companies in 2025.

1.88

Higher than 77% of 20,581 companies in 2025.

14.9%

Higher than 38% of 20,756 companies in 2025.

Correlation Middle half of the sector 80% of the sector Micro accounts in computer programming and consultancy (NACE 62)

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20262025202420232022202120202019201820172016201520142013
Balance sheet: assets
20/58 323,340294,514280,022258,084193,355194,946176,159162,253140,229128,12396,85880,13581,79286,677
21/28 63,53368,74889,042104,03143,17560,42157,34872,79873,38983,45547,82319,25921,66927,518
22/27 63,50868,72389,017104,00643,15060,39657,32372,77373,36483,43047,79819,23421,64427,493
23 17,25121,03728,30235,56630,67035,37222,08127,48633,01135,07834,405480--
24 40,89146,70660,71668,44012,47925,02435,24245,28740,35348,35213,39318,75421,64427,493
26 5,366980------------
28 2525252525252525252525252525
29/58 259,807225,766190,979154,053150,180134,525118,81189,45566,84044,66849,03560,87660,12359,159
29 ----7,6284,5007,0719,64312,21414,78517,357---
290 ---------14,785----
291 ----7,6284,5007,0719,64312,214-17,357---
40/41 34,26717,99016,28117,04047,18242,10844,64920,99425,16614,83021,17412,97723,91024,188
40 34,26717,99016,28117,04045,76242,10844,64920,99425,16614,83021,17412,97723,91024,188
41 ----1,420---------
50/53 19,52210,000------------
54/58 205,725197,080174,476136,31394,40687,02966,51558,56229,46015,05310,00447,89936,21334,971
490/1 292696223699964888576256--500---
Balance sheet: equity and liabilities
10/49 323,340294,514280,022258,084193,355194,946176,159162,253140,229128,12396,85880,13581,79286,677
10/15 184,618241,929224,010195,823169,627161,492141,067123,759111,23895,40682,19467,87261,98444,036
10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
100 ------18,55018,55018,55018,55018,55018,55018,55018,550
101 ------12,35012,35012,35012,35012,35012,35012,35012,350
11 -----6,200--------
1109/19 -----6,200--------
13 136,700193,177175,258147,072120,875112,74092,35575,35565,35550,85538,15524,85522,35513,855
130/1 ---1,8551,8551,855--------
130 ------1,8551,8551,8551,8551,8551,8551,8551,855
1311 ---1,8551,8551,855--------
132 13,50013,50013,50013,50013,50020,38543,50043,50043,50036,00030,00023,00020,50012,000
133 123,200179,677161,758131,717105,52090,50047,00030,00020,00013,0006,300---
14 41,71942,55242,55242,55242,55242,55242,51242,20439,68338,35137,83936,81733,42923,981
17/49 138,72152,58656,01262,26123,72833,45435,09238,49428,99132,71714,66412,26319,80842,641
17 -10,92222,41333,477-6,68015,50224,22811,21319,482--6,52814,982
170/4 -10,92222,41333,477-6,68015,50224,22811,21319,482--6,52814,982
42/48 138,52341,47833,44928,72823,72826,77419,59014,26617,77813,23514,66412,26311,23027,659
42 10,92211,49111,06410,6536,6808,8228,7258,6298,3348,562-6,5298,4548,176
44 1,8111,6056771,6889681,0283452,7722,8052,30111,5791,0001,4011,803
440/4 1,8111,6056771,6889681,0283452,7722,8052,30111,5791,0001,4011,803
45 19,90611,04711,4739,13010,17410,0679,5651,6365,4111,1561,7582,9364915,025
450/3 19,90611,04711,4739,1307,64310,0679,5651,6365,4111,1561,7582,9364915,025
454/9 ----2,530---------
47/48 105,88417,33510,2357,2575,9076,8579551,2291,2281,2161,3271,7981,3262,655
492/3 19818615056--------2,050-
Income statement
76A -------------4,272
9900 91,87074,71278,76666,73044,07965,00356,69541,09843,68341,52035,13522,39528,81962,763
630 23,21224,83323,49210,62220,06220,04220,59020,00421,44519,79916,88411,62010,13113,928
640/8 1,3011,1231,0903,8779648791,8881,4731,0231,2811,0981,0524901,555
66A --------5--409--
9901 67,35748,75654,18352,23123,05444,08234,21719,62121,21020,44017,1539,72318,19847,280
75/76B 1,8352,0481,187398360325352312281292435612591209
75 1,8352,0481,187398360325352312281292435612591209
65/66B 1,2431,1921,6034132233083961,254732,8981985667211,296
65 1,2431,1921,6034132233083961,254734251985667211,296
66B ---------2,473----
9903 67,94949,61353,76852,21623,19144,09934,17318,67921,41817,83417,3909,36018,06850,465
67/77 19,71014,69315,58119,0209,05616,67416,8656,1595,5864,6223,0683,47212012,629
9904 48,23934,91938,18633,19614,13527,42517,30812,52015,83213,21214,3225,88817,94837,836
789 ----6,88523,115--------
689 --------7,5006,0007,0002,5008,50012,000
9905 48,23934,91938,18633,19621,02050,54017,30812,5208,3327,2127,3223,3889,44825,836
Appropriation of the result
9906 90,79177,47180,73875,74863,57293,05259,51252,20446,68345,05144,13936,81733,42925,836
14P 42,55242,55242,55242,55242,552---------
791/2 104,71717,00010,0007,0006,0007,000--------
691/2 48,23934,91938,18633,19621,02050,50017,00010,0007,0006,7006,300--1,855
6920 -------------1,855
6921 48,23934,91938,18633,19621,02050,50017,00010,0007,0006,7006,300---
694/7 105,55017,00010,0007,0006,0007,000--------
694 105,55017,00010,0007,0006,0007,000--------
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2026 at the NBB, filed on 22-09-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-03-2026 micro format 22-09-2026 2026-00531572 PDF
31-03-2025 micro format 08-09-2025 2025-00491740 PDF
31-03-2024 micro format 01-10-2024 2024-00499957 PDF
31-03-2023 micro format 12-09-2023 2023-00445432 PDF
31-03-2022 micro format 07-10-2022 2022-20461039 PDF
31-03-2021 micro format 15-09-2021 2021-67600043 PDF
31-03-2020 micro format 29-10-2020 2020-66500107 PDF
31-03-2019 micro format 30-10-2019 2019-72200580 PDF
31-03-2018 micro format 29-09-2018 2018-67600333 PDF
31-03-2017 micro format 26-10-2017 2017-68100110 PDF
31-03-2016 full format 30-09-2016 2016-64200493 PDF
31-03-2015 full format 07-10-2015 2015-64500268 PDF
31-03-2014 full format 25-09-2014 2014-61000218 PDF
31-03-2013 full format 19-10-2013 2013-63500080 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20262025202420232022202120202019201820172016201520142013
90,56973,59077,67562,85343,11564,12454,80739,62542,65540,23934,03721,34328,32961,208
71,45159,75261,67843,81834,19747,46737,89832,52437,27733,01131,20617,50828,07951,764
17,9974,5398,50380,9422,81523,1155,14047,76711,38359,55845,8369,6194,28240,776
8,64522,60438,16341,9077,37720,5147,95329,10214,4075,049-37,89511,6861,242-
121,284184,289157,530125,325126,452107,75199,22175,18949,06231,43334,37148,61348,89331,500
57.1%82.1%80.0%75.9%87.7%82.8%80.1%76.3%79.3%74.5%84.9%84.7%75.8%50.8%
1.885.445.715.366.335.026.066.273.763.373.344.965.352.14
0.750.220.250.320.140.210.250.310.260.340.180.180.320.97
26.1%14.4%17.0%17.0%8.3%17.0%12.3%10.1%14.2%13.8%17.4%8.7%29.0%85.9%
14.9%11.9%13.6%12.9%7.3%14.1%9.8%7.7%11.3%10.3%14.8%7.3%21.9%43.7%
72.8761.7448.46over 100over 100---------

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Investments

fixed assets acquired
Item31-03-202631-03-202531-03-202431-03-202331-03-2022
Tangible fixed assets€17,997€4,539€8,503€80,942€2,815
€23,212€24,833€23,492€10,622€20,062

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Insights on Correlation

The operating result for 2026 is 38% higher than in 2025 and the highest since 2013. It is a recovery after the fall in 2025.

Debt's share of the balance-sheet total rises from 17.9% to 42.9%. Equity is lower and debt is higher.

Board & ownership

Board

1 director, last change in 2023
Director
appointed by deed of 26-05-2023 term without a fixed end
earlier manager, until 26-05-2023
listed in the 2026 annual accounts, filed on 22-09-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today

Director
BoardEarliermandate already running before its first mention
Mandates as a list
    • Director, since before 31-03-2022
    • Manager, until 26-05-2023

See the board, name and registered office on a given date →

Control

Capital

Contribution
€6,200
Source
2026 annual accounts

Articles of association

deed of 26-05-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Saturday of September at 11:00

Network & group

No group

Correlation has no parent and no holdings in its annual accounts. is the only director. Correlation shares no director with another company.

Timeline

Timeline

24 events since 2011

Deadline for the 2027 accounts: 31-10-2027

2026
Annual accounts 2026 filed NBBmicro format · 39 days before the deadline
Highest result from 2013 to 2026 net €48,239 ▲38.1% The operating result of €67,357 and the net result of €48,239 are both a record.
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0839201042
Annual accounts 2025 filed PDFmicro format · 53 days before the deadline
2024
Annual accounts 2024 filed PDFmicro format · 30 days before the deadline
Equity above €200,000 equity €224,010 ▲14.4% With a profit in every financial year since 2013, equity grows to €224,010.
2023
Annual accounts 2023 filed PDFmicro format · 49 days before the deadline
Change of role: , from manager to directorDirector discharge: · General meeting of 15-05-20236 points ▸
  • General meeting, 15-05-2023
  • Power of attorney,
  • Director resignation, (manager)
  • Director discharge,
  • Director appointment,
  • Registered office clause, rue Derrière les Haies 49, 4280 Hannut
  • The deed holds 5 more points.

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2022 filed PDFmicro format · 24 days before the deadline
2021
Annual accounts 2021 filed PDFmicro format · 46 days before the deadline
Equity above €150,000 equity €161,492 ▲14.5% With a profit in every financial year since 2013, equity grows to €161,492.
2020
Annual accounts 2020 filed PDFmicro format · 2 days before the deadline
2019
Annual accounts 2019 filed PDFmicro format · 1 day before the deadline
2018
Annual accounts 2018 filed PDFmicro format · 32 days before the deadline
Equity above €100,000 equity €111,238 ▲16.6% With a profit in every financial year since 2013, equity grows to €111,238.
2017
Annual accounts 2017 filed PDFmicro format · 5 days before the deadline
2016
Annual accounts 2016 filed PDFfull format · 31 days before the deadline
2015
Annual accounts 2015 filed PDFfull format · 24 days before the deadline
Weakest financial year net €5,888 ▼67.2% The net result drops to €5,888, the lowest from 2013 to 2026. It recovers the following year.
2014
Annual accounts 2014 filed PDFfull format · 36 days before the deadline
Liquidity more than doubled current ratio 5.35 The current ratio rises from 2.14 to 5.35. Short-term debt falls from €27,659 to €11,230.
2013
Annual accounts 2013 filed PDFfull format · 12 days before the deadline
2011
First establishment Rue Derrière les Haies 49, Hannut
Incorporation PDFpublished on 22-09-2011

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

Correlation was incorporated on 12 September 2011.1 Total assets rose from €162,253 in 2019 to €323,340 in 2026.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2026

Company details

Identity

Enterprise number
0839.201.042
VAT number
BE 0839.201.042
Peppol ID
0208:0839201042
Other Peppol ID
9925:BE0839201042
Legal form
Private limited company
Status
Active, normal situation
Founded
12-09-2011
Financial year
ends on 31 March
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Saturday of September at 11:00
deed of 26-05-2023 (in French)
Peppol
Reachable since 13-10-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Correlation in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 26-05-2023 (in French)

Activities

NACEBEL 2025
Codes under NACEBEL 2008
62020 IT consultancy main activity
56101 Full-service restaurants
62010 Computer programming, consultancy and related activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“Le commerce de matériel informatique et électronique de toute nature en ce compris toutes les activités annexes telles que la conception,la…”
5 activities
  1. Le commerce de matériel informatique et électronique de toute nature en ce compris toutes les activités annexes telles que la conception,la réalisation et la commercialisation de logiciels et programmes
  2. La production,l’entretien et la maintenance de matériel informatique et électronique
  3. La consultance en matière informatique
  4. La restauration en gros et détail,le service traiteur et d’une manière générale tout ce qui se rapporte à l’activité de restaurateur
  5. L’organisation de banquets et de réceptions privées,ainsi que l’achat et la vente,en gros et au détail,la location,le catering et le transport de tout matériel nécessaire à l’organisation de banquets et de réception privées
deed of 26-05-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Rue Derrière les Haies 49 registered office 4280 Hannut 19-09-2011 2.202.222.771

Buildings and parcels at the address

Ground area
882 m²
Buildings
74 m²
Volume, LiDAR
408 m³
Tallest building
7.0 m
Buildings to scale, each on its own parcel
74 m², 7.0 m 74 m², 7.0 m

Location

registered office establishment The establishment unit on the map

Parcels

Cadastral parcelArea Buildings Height / floors
64051B0102/00V000882 m² 1 · 74 m² 7.0 m · 2