CORREX
ActiveCORREX has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €115k and a net result of €15k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 52% of 4444 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▲+2
Solvency68▼-14
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €7k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.21 in 2024; short-term debt: 57.4% and cash: 8% of total assets), and 57.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.6%
Return on assets
5.4%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-02-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
18 d late
2023
9 d late
2022
59 d late
2020
23 d late
2019
26 d late
2017
243 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€115k▲ 14.6%
2024 · €100k
2019: €79k
2020: €89k
2022: €97k
2023: €92k
2024: €100k
2019 → 2025
Total assets
€269k▲ 53.2%
2024 · €176k
2019: €181k
2020: €159k
2022: €128k
2023: €118k
2024: €176k
2019 → 2025
Net result
€15k▲ 85.5%
2024 · €8k
2019: €10k
2020: €11k
2022: €3k
2023: €9k
2024: €8k
2019 → 2025
Working capital
€2k▼ 84.3%
2024 · €16k
2019: €16k
2020: €92k
2022: €95k
2023: €90k
2024: €16k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202022202320242025Trend
Equity€89k-€97k▲ 8.7%€92k▼ 5.0%€100k▲ 8.5%€115k▲ 14.6%
Operating result€18k-€7k▼ 64.0%€11k▲ 65.9%€14k▲ 28.2%€27k▲ 92.2%
Net result€11k-€3k▼ 73.4%€9k▲ 205%€8k▼ 10.8%€15k▲ 85.5%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 92% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €269k
Fixed assets
€112k▲ 32.7%
Current assets
€157k▲ 72.1%
Equity and liabilities €269k
Equity
€115k▲ 14.6%
Debt
€154k▲ 104%
The debt ratio rises from 43.0% to 57.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€56k▲
2024 · €28k
Cash flow
€44k▲
2024 · €21k
Solvency
42.6%▼
2024 · 57.0%
Current ratio
1.02▼
2024 · 1.21
Quick ratio
0.80▼
2024 · 0.84
Debt / equity
1.35▲
2024 · 0.75
ROE
12.7%▲
2024 · 7.9%
ROA
5.4%▲
2024 · 4.5%
Interest coverage
14.70▼
2024 · 15.86
Debt
€154k▲
2024 · €76k
Debt ≤ 1 year
€154k▲
2024 · €76k
Income taxes
€9k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€176k€269k▲
Fixed assets21/28€85k€112k▲
Tangible fixed assets22/27€85k€112k▲
Plant, machinery and equipment23€65k€50k▼
Furniture and vehicles24€1k€51k▲
Other tangible fixed assets26€18k€11k▼
Current assets29/58€91k€157k▲
Stocks and contracts in progress3€28k€33k▲
Stocks30/36€28k€33k▲
Amounts receivable within one year40/41€54k€100k▲
Trade receivables40€41k€88k▲
Other amounts receivable41€13k€12k▼
Cash at bank and in hand54/58€9k€22k▲
Deferred charges and accrued income490/1€0€2k▲
Equity and liabilities
Total equity and liabilities10/49€176k€269k▲
Equity10/15€100k€115k▲
Contributions10/11€13k€13k=
Reserves13€41k€56k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€85€85=
Distributable reserves133€39k€54k▲
Profit (loss) carried forward14€46k€46k=
Amounts payable17/49€76k€154k▲
Amounts payable within one year42/48€76k€154k▲
Trade debts44€45k€117k▲
Suppliers440/4€45k€117k▲
Taxes, remuneration and social security45€7k€18k▲
Taxes450/3€7k€18k▲
Other amounts payable47/48€24k€19k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€29k▲
Other operating charges640/8€3k€5k▲
Gross operating margin9900€30k€62k▲
Operating profit (loss)9901€14k€27k▲
Financial income75/76B€168€388▲
Recurring financial income75€168€388▲
Financial charges65/66B€2k€4k▲
Recurring financial charges65€2k€4k▲
Profit (loss) for the period before taxes9903€13k€24k▲
Income taxes67/77€5k€9k▲
Profit (loss) for the period9904€8k€15k▲
Profit (loss) for the period to be appropriated9905€8k€15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€54k€61k▲
Profit (loss) brought forward from the previous period14P€46k€46k=
Transfer to equity691/2€8k€15k▲
To other reserves6921€8k€15k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
30-06
Financial
Highest result since 2019net €15k ▲85.5%
Operating result €27k, net result €15k, both a record.
18-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 18 days late
2024
30-06
Financial
Equity above €100kEq €100k ▲8.5%
5 profitable years in a row build equity to €100k.
09-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 59 days late
2022
30-06
Financial
Weakest financial yearnet €3k ▼73.4%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
2021
23-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 23 days late
2020
30-06
Financial
Liquidity doublescurrent ratio 2.80
Current ratio from 1.17 to 2.80; short-term debt falls from €96k to €51k.
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2018
01-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 243 days late
2017
09-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 9 days late
2016
07-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
12-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kapellen · 1 establishment unit since 2007
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Starrenhoflaan 272950 KapellenGround area
5,075 m²
Building footprint
2,045 m²
Volume, LiDAR
13,285 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sponsstralen
since 20072.166.476.192
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023C0128/00W000 | Flanders | 3,243 m² | 1 · 1,826 m² | 8.7 m · 2 fl. |
| 11362H0579/00S000 | Flanders | 1,833 m² | 1 · 219 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ASTRA CLEAN
BE 0455.665.121
Schaarbeek · Eq €115k
JOVI CLEAN
BE 0478.502.978
Bastogne · Eq €115k
MAISONS
BE 0421.176.275
Brussel · Eq €115k
Feniks Gevelrestauratie
BE 0694.748.048
Putte · Eq €115k
GISO.SERVICES
BE 0598.768.825
Engis · Eq €115k
Of 7,010 companies in sector 81220 we hold annual accounts for 2,416. 1,989 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-11-2007
Fiscal year end30-06
Trade name NL
Sponge-Abrasives
Activities, NACEBEL
74700
81220Other building cleaning and industrial cleaning
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.