Corsafien
ActiveCorsafien has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €296k and a net result of €-26k. Equity is shrinking by ~4.5% per year across the filed fiscal years. Its solvency ranks better than 36% of 13882 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
20
/ 100
Critical▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency9▼-5
Growth58=
Stability94
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.42 against 0.58 in 2024), and 86% 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 · 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€26k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 · 3 filingsDeviation from the deadline
2025
24 d late
2024
27 d late
2023
29 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€296k▼ 8.2%
2024 · €323k
2023: €325k
2024: €323k
2023 → 2025
Total assets
€2.12M▲ 22.7%
2024 · €1.73M
2023: €1.73M
2024: €1.73M
2023 → 2025
Net result
€-26k▼ 982%
2024 · €-2k
2023: €-147k
2024: €-2k
2023 → 2025
Working capital
€-1.06M▼ 79.6%
2024 · €-589k
2023: €-588k
2024: €-589k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€325k-€323k▼ 0.8%€296k▼ 8.2%
Operating result€-148k-€-10k▲ 93.1%€-31k▼ 202%
Net result€-147k-€-2k▲ 98.3%€-26k▼ 982%
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 €31k in 2025 against €10k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.12M
Fixed assets
€1.35M▲ 48.4%
Current assets
€765k▼ 6.1%
Equity and liabilities €2.12M
Equity
€296k▼ 8.2%
Debt
€1.82M▲ 29.8%
The debt ratio rises from 81.3% to 86.0%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€37k▲
2024 · €33k
Cash flow
€41k▲
2024 · €41k
Solvency
14.0%▼
2024 · 18.7%
Current ratio
0.42▼
2024 · 0.58
Quick ratio
0.16▼
2024 · 0.28
Debt / equity
6.15▲
2024 · 4.35
ROE
-8.9%▼
2024 · -0.8%
ROA
-1.2%▼
2024 · -0.1%
Interest coverage
622.03▲
2024 · 7.86
Debt
€1.82M▲
2024 · €1.40M
Debt ≤ 1 year
€1.82M▲
2024 · €1.40M
Income taxes
€0▲
2024 · €-669
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€1.73M€2.12M▲
Formation expenses20€0-
Fixed assets21/28€912k€1.35M▲
Tangible fixed assets22/27€912k€1.35M▲
Land and buildings22€903k€1.35M▲
Plant, machinery and equipment23€9k€7k▼
Financial fixed assets28-€2k
Current assets29/58€815k€765k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Stocks and contracts in progress3€420k€477k▲
Stocks30/36€420k€477k▲
Amounts receivable within one year40/41€11k€9k▼
Trade receivables40€3k€0▼
Other amounts receivable41€9k€9k▲
Current investments50/53€250k€0▼
Cash at bank and in hand54/58€129k€278k▲
Deferred charges and accrued income490/1€4k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.73M€2.12M▲
Equity10/15€323k€296k▼
Contributions10/11€357k€357k=
Reserves13€115k€115k=
Distributable reserves133€115k€115k=
Profit (loss) carried forward14€-149k€-176k▼
Amounts payable17/49€1.40M€1.82M▲
Amounts payable within one year42/48€1.40M€1.82M▲
Trade debts44€6k€28k▲
Suppliers440/4€6k€28k▲
Taxes, remuneration and social security45€0€95▲
Taxes450/3€0€95▲
Other amounts payable47/48€1.40M€1.79M▲
Accrued charges and deferred income492/3€742€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€43k€68k▲
Other operating charges640/8€14k€4k▼
Gross operating margin9900€47k€40k▼
Operating profit (loss)9901€-10k€-31k▼
Financial income75/76B€11k€4k▼
Recurring financial income75€11k€4k▼
Financial charges65/66B€4k€59▼
Recurring financial charges65€4k€59▼
Profit (loss) for the period before taxes9903€-3k€-26k▼
Income taxes67/77€-669€0▲
Profit (loss) for the period9904€-2k€-26k▼
Profit (loss) for the period to be appropriated9905€-2k€-26k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-149k€-176k▼
Profit (loss) brought forward from the previous period14P€-147k€-149k▼
The notes to these accounts (11 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
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 24 days late
2025
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
NBB filing
Directors · office · real estate
Directors
3 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, Wielsbeke · 1 establishment unit since 2023
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.
Splenterbeekstraat 28710 WielsbekeGround area
3,932 m²
Building footprint
3,595 m²
Volume, LiDAR
17,269 m³
Parcel 37017B0287/00H000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Corsafien
since 20232.340.015.231
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017B0287/00H000 | Flanders | 3,932 m² | 1 · 3,595 m² | 8.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
LOUTRAKI
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FORLEGRAND
BE 0437.279.364
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Engels Immo
BE 0859.664.973
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ALNICO
BE 0554.928.189
Knokke-Heist · Eq €296k
Seven Business Park
BE 0769.860.195
Sint-Martens-Latem · Eq €296k
Of 9,094 companies in sector 68201 we hold annual accounts for 6,725. 4,921 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-01-2023
Fiscal year end31-12
Activities, NACEBEL
68201Renting and operating of own or leased residential real estate, excluding social housing
68110Buying and selling of own real estate
68121Development of residential building projects
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.