CORSAC
ActiveSummary
The computed 12-month bankruptcy probability of CORSAC is 2.9% (moderate). The 2025 annual accounts show negative equity (-€408,711) and a net result of -€20,110. Equity is shrinking by ~26.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 18606 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability4▲+4
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
2.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.25 against 0.24 in 2024; short-term debt: 344.6% and cash: 6.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-244.6%
Return on assets
-12%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year -€408,711
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
8 d early
2024
7 d early
2023
61 d late
2022
32 d late
2021
209 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 57 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 September (4 of the last 5 filed years within 40 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€408,711▼ 5.2%
2024 · -€388,601
Total assets
€167,111▼ 0.9%
2024 · €168,570
Net result
-€20,110▲ 68.6%
2024 · -€63,987
Working capital
-€432,880▼ 2.9%
2024 · -€420,667
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€137,055--€109,484-€63,833▲ 41.7%-€19,972▲ 68.7%
Net result-€130,123below the sector's middle half--€110,174below the sector's middle half-€63,987below the sector's middle half▲ 41.9%-€20,110below the sector's middle half▲ 68.6%
Equity-€105,123below the sector's middle half--€105,123below the sector's middle half=-€324,615below the sector's middle half▼ 209%-€388,601below the sector's middle half▼ 19.7%-€408,711below the sector's middle half▼ 5.2%
Total assets€117,960within the sector's middle half-€117,960within the sector's middle half=€171,607within the sector's middle half▲ 45.5%€168,570within the sector's middle half▼ 1.8%€167,111within the sector's middle half▼ 0.9%
Debt€223,083-€223,083=€496,222▲ 122%€557,171▲ 12.3%€575,822▲ 3.3%
Working capital-€171,174below the sector's middle half--€171,174below the sector's middle half=-€368,010below the sector's middle half▼ 115%-€420,667below the sector's middle half▼ 14.3%-€432,880below the sector's middle half▼ 2.9%
Solvency-89.1%below the sector's middle half--89.1%below the sector's middle half=-189.2%below the sector's middle half▼ 100.0pp-230.5%below the sector's middle half▼ 41.4pp-244.6%below the sector's middle half▼ 14.0pp
Current ratio0.23below the sector's middle half-0.23below the sector's middle half=0.26below the sector's middle half▲ 0.030.24below the sector's middle half▼ 0.010.25below the sector's middle half=
Return on assets (ROA)-110.3%below the sector's middle half--64.2%below the sector's middle half-38.0%below the sector's middle half▲ 26.2pp-12.0%below the sector's middle half▲ 25.9pp
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €19,972 in 2025 against €63,833 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €167,111
Fixed assets
€24,169 ▼ 24.6%
Current assets
€142,942 ▲ 4.7%
Key figures and ratios
EBITDA
-€8,997▲
2024 · -€52,505
Cash flow
-€9,135▲
2024 · -€52,658
Quick ratio
0.02▲
2024 · 0.02
Debt to equity
-1.41▲
2024 · -1.43
Interest coverage
-54.93▲
2024 · -259.36
Debt ≤ 1 year
€575,822▲
2024 · €557,171
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,038 companies that looked in July 2024 the way this one looks now, 7.3% went bankrupt within 24 months and 82% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.3%
went bankrupt
8.2%
stopped otherwise
82%
still going
A further 2.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,038 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,764 | - | €11,328 | €11,328 | €10,975 | ▼ 3.1% |
| Other operating charges640/8 | - | - | €384 | €387 | €525 | ▲ 35.5% |
| Non-recurring operating charges66A | - | - | - | €3,135 | €12,000 | ▲ 283% |
| Gross operating margin9900 | -€123,290 | - | -€97,772 | -€48,982 | €3,528 | ▲ 107% |
| Operating profit (loss)9901 | -€137,055 | - | -€109,484 | -€63,833 | -€19,972 | ▲ 68.7% |
| Financial income75/76B | €6,977 | - | - | €49 | €26 | ▼ 47.2% |
| Recurring financial income75 | €2 | - | - | €49 | €26 | ▼ 47.2% |
| Non-recurring financial income76B | €6,975 | - | - | - | - | - |
| Financial charges65/66B | €45 | - | €690 | €202 | €164 | ▼ 19.1% |
| Recurring financial charges65 | €45 | - | €690 | €202 | €164 | ▼ 19.1% |
| Profit (loss) for the period before taxes9903 | -€130,123 | - | -€110,174 | -€63,987 | -€20,110 | ▲ 68.6% |
| Profit (loss) for the period9904 | -€130,123 | - | -€110,174 | -€63,987 | -€20,110 | ▲ 68.6% |
| Profit (loss) for the period to be appropriated9905 | -€130,123 | - | -€110,174 | -€63,987 | -€20,110 | ▲ 68.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €117,960 | €117,960 | €171,607 | €168,570 | €167,111 | ▼ 0.9% |
| Fixed assets21/28 | €66,051 | €66,051 | €43,395 | €32,066 | €24,169 | ▼ 24.6% |
| Intangible fixed assets21 | €58,666 | €58,666 | €38,928 | €29,058 | €20,272 | ▼ 30.2% |
| Tangible fixed assets22/27 | €7,385 | €7,385 | €4,467 | €3,008 | €3,896 | ▲ 29.5% |
| Plant, machinery and equipment23 | €7,385 | €7,385 | €4,467 | €3,008 | €3,896 | ▲ 29.5% |
| Current assets29/58 | €51,908 | €51,908 | €128,212 | €136,504 | €142,942 | ▲ 4.7% |
| Stocks and contracts in progress3 | €41,400 | €41,400 | €113,157 | €127,219 | €128,832 | ▲ 1.3% |
| Stocks30/36 | €41,400 | €41,400 | €113,157 | €127,219 | €128,832 | ▲ 1.3% |
| Amounts receivable within one year40/41 | €3,788 | €3,788 | €2,118 | €1,888 | €2,778 | ▲ 47.1% |
| Trade receivables40 | - | - | €2,118 | - | - | - |
| Other amounts receivable41 | €3,788 | €3,788 | - | €1,888 | €2,778 | ▲ 47.1% |
| Current investments50/53 | €4,050 | €4,050 | - | - | - | - |
| Cash at bank and in hand54/58 | €1,546 | €1,546 | €11,432 | €7,397 | €11,333 | ▲ 53.2% |
| Deferred charges and accrued income490/1 | €1,125 | €1,125 | €1,505 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €117,960 | €117,960 | €171,607 | €168,570 | €167,111 | ▼ 0.9% |
| Equity10/15 | -€105,123 | -€105,123 | -€324,615 | -€388,601 | -€408,711 | ▼ 5.2% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | -€130,123 | -€130,123 | -€349,615 | -€413,601 | -€433,711 | ▼ 4.9% |
| Amounts payable17/49 | €223,083 | €223,083 | €496,222 | €557,171 | €575,822 | ▲ 3.3% |
| Amounts payable within one year42/48 | €223,083 | €223,083 | €496,222 | €557,171 | €575,822 | ▲ 3.3% |
| Financial debts43 | €395 | €395 | - | - | - | - |
| Credit institutions430/8 | €395 | €395 | - | - | - | - |
| Trade debts44 | €11,454 | €11,454 | €12,693 | €31,607 | €24,345 | ▼ 23.0% |
| Suppliers440/4 | €11,454 | €11,454 | €12,693 | €31,607 | €24,345 | ▼ 23.0% |
| Other amounts payable47/48 | €211,233 | €211,233 | €483,529 | €525,564 | €551,477 | ▲ 4.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€130,123 | - | -€110,174 | -€63,987 | -€20,110 | ▲ 68.6% |
| + Depreciation and write-downs630 | €13,764 | - | €11,328 | €11,328 | €10,975 | ▼ 3.1% |
| Operating cash flow (approximation) | -€116,359 | - | -€98,846 | -€52,658 | -€9,135 | ▲ 82.7% |
| Investment in fixed assets (approximation) | - | €0 | €11,328 | €0 | -€3,078 | ▼ 683,989% |
| Change in cash | - | €0 | €9,886 | -€4,035 | €3,936 | ▲ 198% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 209 days late
NBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Sint-Genesius-Rode · 1 establishment unit since 2020
Ground area
1,751 m²
Building footprint
523 m²
Volume, LiDAR
8,557 m³
2 parcels, Brussels, Flanders · tallest building 23.1 m, ±7 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Charlotte Beaude
since 20202.306.107.001
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21447B0306/00B040 | Brussels | 1,179 m² | 1 · 393 m² | 23.1 m · 7 fl. |
| 22552F0001/00F013 | Flanders | 572 m² | 1 · 131 m² | 5.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 411 companies in sector 47722 we hold annual accounts for 166. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
47716Retail sale of clothing and accessories for women, men, children and babies (general range)
47722Retail trade
47711Retail sale of women's outerwear
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
74120Graphic design and visual communication
74140Other specialised design activities
Contact
Website
www.charlotte-beaude.com
Phone
+32497214438
E-invoicing
Reachable via Peppol
Peppol ID
0208:0752749494
Also
9925:BE0752749494
Registered
05-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.