CORRONET
ActiveFinancials · financial year 2025, full format
Annual accounts 2025 filed on 13-07-2026 at the NBB all 24 filings
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€417,292
2024 · €214,535
Working capital
€699,276▼ 36.0%
2024 · €1.1m
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€805,384
▼ 14,936%
2025
20182025
Net result
-€417,292
2025
20182025
Equity
€2.9m
▼ 12.5%
2025
20182025
Total assets
€3.8m
▼ 4.0%
2025
20182025
Debt
€904,576
▲ 39.9%
2025
20182025
Working capital
€699,276
▼ 36.0%
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.7m-€0.01m▼ 98.2%-€0.01m-€0.02m▼ 56.6%-€0.007m▲ 59.6%-€0.009m▼ 26.3%-€0.005m▲ 40.5%-€0.8m▼ 14,936%
Net result-€0.1m--€0.03m▲ 75.3%€0.2m-€0.4m€0.1m€0.2m▲ 61.4%€0.2m▲ 0.7%-€0.4m
Equity€3.8m-€3.8m▼ 0.7%€4.0m▲ 6.4%€3.6m▼ 11.0%€3.7m▲ 3.7%€3.1m▼ 15.8%€3.3m▲ 6.8%€2.9m▼ 12.5%
Total assets€6.1m-€5.5m▼ 10.4%€5.5m▲ 0.3%€4.5m▼ 17.0%€4.5m▲ 0.3%€3.9m▼ 15.2%€4.0m▲ 3.6%€3.8m▼ 4.0%
Debt€2.3m-€1.7m▼ 26.7%€1.4m▼ 13.8%€0.9m▼ 34.1%€0.8m▼ 12.5%€0.7m▼ 12.9%€0.6m▼ 10.4%€0.9m▲ 39.9%
Working capital€1.2m-€0.8m▼ 27.9%€0.9m▲ 7.4%€0.2m▼ 82.9%€0.3m▲ 84.1%€0.9m▲ 216%€1.1m▲ 22.9%€0.7m▼ 36.0%
The operating result for 2025 is a loss of €805,384, larger than the loss of €5,356 in 2024. It is the lowest result since 2021.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.8m
Fixed assets
€2.3m =
Current assets
€1.6m ▼ 9.2%
Equity and liabilities €3.8m
Equity
€2.9m ▼ 12.5%
Debt
€904,576 ▲ 39.9%
Debt's share of the balance-sheet total rises from 16.2% to 23.6%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
1.80▼
2024 · 2.69
Debt to equity
0.31▲
2024 · 0.19
ROE
-14.2%▼
2024 · 6.4%
ROA
-10.9%▼
2024 · 5.4%
Debt ≤ 1 year
€879,339▲
2024 · €645,285
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €19,400 | - | - | - | - |
| Financial fixed assets | €300 | - | - | - | - |
| Depreciation and write-downs of the year | €6,467 | €6,467 | €6,467 | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €1,500 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €6,467 | €6,467 | €6,467 | - | - | - |
| Other operating charges640/8 | - | - | - | €868 | €877 | €960 | €968 | €998 | ▲ 3.2% |
| Non-recurring operating charges66A | - | - | - | - | - | - | - | €800,000 | - |
| Gross operating margin9900 | €744,092 | €13,905 | -€10,393 | -€10,294 | €215 | -€1,578 | -€4,389 | -€4,385 | ▲ 0.1% |
| Operating profit (loss)9901 | €743,224 | €13,037 | -€11,261 | -€17,629 | -€7,128 | -€9,005 | -€5,356 | -€805,384 | ▼ 14,936% |
| Financial income75/76B | - | - | - | €52,062 | €146,473 | €233,143 | €223,355 | €397,682 | ▲ 78.0% |
| Recurring financial income75 | €107,375 | €69,095 | €28,128 | €52,062 | €146,473 | €233,143 | €223,355 | €397,682 | ▲ 78.0% |
| Financial charges65/66B | - | - | - | €476,455 | €6,878 | €10,575 | €3,464 | €9,590 | ▲ 177% |
| Recurring financial charges65 | €66,813 | €109,338 | €15,466 | €7,932 | €6,878 | €10,575 | €3,464 | €9,590 | ▲ 177% |
| Non-recurring financial charges66B | - | - | - | €468,524 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€110,255 | -€27,207 | €243,089 | -€442,022 | €132,468 | €213,562 | €214,535 | -€417,292 | - |
| Income taxes67/77 | €0 | - | €365 | €456 | €507 | €618 | - | - | - |
| Profit (loss) for the period9904 | -€110,255 | -€27,207 | €242,725 | -€442,478 | €131,960 | €212,945 | €214,535 | -€417,292 | - |
| Profit (loss) for the period to be appropriated9905 | -€110,255 | -€27,207 | €242,725 | -€442,478 | €131,960 | €212,945 | €214,535 | -€417,292 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €6.1m | €5.5m | €5.5m | €4.5m | €4.5m | €3.9m | €4.0m | €3.8m | ▼ 4.0% |
| Fixed assets21/28 | €4.8m | €4.4m | €4.4m | €3.5m | €3.5m | €2.3m | €2.3m | €2.3m | = |
| Tangible fixed assets22/27 | - | - | - | €0.01m | €0.006m | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.01m | €0.006m | - | - | - | - |
| Financial fixed assets28 | €4.8m | €4.4m | €4.4m | €3.5m | €3.5m | €2.3m | €2.3m | €2.3m | = |
| Current assets29/58 | €1.3m | €1.0m | €1.0m | €1.1m | €1.1m | €1.6m | €1.7m | €1.6m | ▼ 9.2% |
| Amounts receivable within one year40/41 | €1.1m | €0.9m | €0.9m | €0.9m | €0.8m | €1.4m | €1.5m | €1.4m | ▼ 6.3% |
| Trade receivables40 | - | - | - | €0.02m | €0.07m | €0.03m | - | - | - |
| Other amounts receivable41 | - | - | - | €0.8m | €0.7m | €1.3m | €1.5m | €1.4m | ▼ 6.3% |
| Current investments50/53 | €0.2m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 27.2% |
| Cash at bank and in hand54/58 | €0.01m | €0.007m | €0.006m | €0.05m | €0.1m | €0.004m | €0.003m | €0.004m | ▲ 31.7% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0 | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €6.1m | €5.5m | €5.5m | €4.5m | €4.5m | €3.9m | €4.0m | €3.8m | ▼ 4.0% |
| Equity10/15 | €3.8m | €3.8m | €4.0m | €3.6m | €3.7m | €3.1m | €3.3m | €2.9m | ▼ 12.5% |
| Contributions10/11 | €3.8m | €3.8m | €3.8m | €3.8m | €3.8m | €3.0m | €3.0m | €3.0m | = |
| Capital10 | - | - | - | €3.8m | €3.8m | €3.0m | €3.0m | €3.0m | = |
| Issued capital100 | - | - | - | €3.8m | €3.8m | €3.0m | €3.0m | €3.0m | = |
| Reserves13 | €0.03m | €0.03m | €0.04m | €0.04m | €0.04m | €0.05m | €0.06m | €0.06m | = |
| Non-distributable reserves130/1 | - | - | - | €0.04m | €0.04m | €0.05m | €0.06m | €0.06m | = |
| Legal reserve130 | - | - | - | €0.04m | €0.04m | €0.05m | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | -€0.01m | -€0.04m | €0.2m | -€0.3m | -€0.1m | €0.09m | €0.3m | -€0.1m | - |
| Amounts payable17/49 | €2.3m | €1.7m | €1.4m | €0.9m | €0.8m | €0.7m | €0.6m | €0.9m | ▲ 39.9% |
| Amounts payable after more than one year17 | €2.2m | €1.5m | €1.3m | €0.03m | €0.02m | €0.01m | - | - | - |
| Financial debts170/4 | - | - | - | €0.03m | €0.02m | €0.01m | - | - | - |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.2m | €0.9m | €0.8m | €0.7m | €0.6m | €0.9m | ▲ 36.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.01m | €0.01m | - | - |
| Financial debts43 | - | - | - | €0.9m | €0.8m | €0.2m | €0.2m | €0.2m | ▲ 30.6% |
| Credit institutions430/8 | - | - | - | €0.1m | €0.1m | - | - | €0.1m | - |
| Other loans439 | - | - | - | €0.8m | €0.7m | €0.2m | €0.2m | €0.07m | ▼ 51.9% |
| Trade debts44 | - | €242 | €0.001m | €0.001m | €0.002m | €0.001m | €0.001m | €0.3m | ▲ 294× |
| Suppliers440/4 | - | - | - | €0.001m | €0.002m | €0.001m | €0.001m | €0.3m | ▲ 294× |
| Other amounts payable47/48 | - | - | - | €0.01m | €0.003m | €0.5m | €0.5m | €0.4m | ▼ 20.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.001m | €0.001m | €0.001m | €0.03m | ▲ 20× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.1m | -€0.03m | €0.2m | -€0.4m | €0.1m | €0.2m | €0.2m | -€0.4m | - |
| + Depreciation and write-downs630 | - | - | - | €0.006m | €0.006m | €0.006m | - | - | - |
| Operating cash flow (approximation) | -€0.1m | -€0.03m | €0.2m | -€0.4m | €0.1m | €0.2m | €0.2m | -€0.4m | - |
| Investment in fixed assets (approximation) | - | €0.4m | €0 | €0.9m | €0 | €1.2m | €0 | €0 | - |
| Change in cash | - | -€0.005m | -€0.001m | €0.04m | €0.07m | -€0.1m | -€0.001m | €0.001m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 24 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 13-07-2026 | 2026-00283946 | |
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00207591 | |
| 31-12-2023 | abbreviated format | 29-07-2024 | 2024-00295815 | |
| 31-12-2022 | abbreviated format | 24-07-2023 | 2023-00261674 | |
| 31-12-2021 | abbreviated format | 11-07-2022 | 2022-20168002 | |
| 31-12-2020 | abbreviated format | 16-08-2021 | 2021-49100533 | |
| 31-12-2019 | micro format | 13-07-2020 | 2020-29200096 | |
| 31-12-2018 | micro format | 27-06-2019 | 2019-23800084 | |
| 31-12-2017 | abbreviated format | 11-06-2018 | 2018-17200418 | |
| 31-12-2016 | abbreviated format | 13-06-2017 | 2017-17100010 |