Losses
-€175,821 in three years
Every financial year from 2023 to 2025 closed with a loss. 2023 was the heaviest.
Corsafien
Lifetime
3 annual accounts with figures on one time axispeak €46,567 (2024)
€40,264▼ 13.5%
lowest -€146,887 (2023)
-€26,487▼ €24,040
peak €325,166 (2023)
€296,232▼ 8.2%
€1.8m▲ 29.8%
Board5 names since 2023
2 directorsKindt Griet and 1 other
Documentsfilings and deeds
24-08-202624 days late
2025micro format
Gross margin from €46,567 to €40,264Loss of €26,487Debts from €1.4m to €1.8mInvestments €508,959Cash from €129,241 to €278,154
Key points
from the 2025 annual accountsTurnover
≈ €66,000 estimated
The micro format states no turnover.
Debts
€1.8m 86% of the balance sheet
Suppliers 2%Taxes and wages 0%Other 98%
Investments
€507,249 7.5 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 49.0% higher than in 2024.
Filings
3 annual accounts 3 late
The 2023 accounts came latest: 29 days after the end of the period.
Position in the sector
-€26,487
Lower net result than 86% of companies in real estate. Sector median €5,997 · 17,176 companies.
Checked score
92
Excellent
Financially stronger than 34% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,997 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.3%▲ +0.1 percentage points vs 12-2024
02-2025: 0.2%▼ -0.1 percentage points vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.3%▲ +0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.5 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.1%▼ -0.3 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
11-2026: 0.1%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Equity €296,232 (14.0% of total assets)
lowers risk
Size: total assets €2.1m
Sector: Real estate activities (NACE 68)
Figures for financial year 2025 (filed on 24-08-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 33% of them on solvency, 15% on liquidity, 65% on profitability and 24% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 440 companies had the same profile as Corsafien has now. Each dot is one company, two years later.
95.5%
were still trading
3.0%
stopped another way
1.6%
went bankrupt
The bankruptcy probability of Corsafien itself is lower: 0.1% within 12 months. It rests on far more data about Corsafien than the profile alone.
Test of the method
The method was tested on the 497,447 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.
| 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 440 companies, not a prediction for Corsafien. 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 of up to €25,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.42 (0.58 in 2024), below 1. Short-term debt is 86% and cash 13.1% of total assets. 86% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
232425
2023 to 2025 · latest year -€26,487
raises risk · 2025 accounts filed 24 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 3 filingsDeviation from the deadline
2025
24 days late
2024
27 days late
2023
29 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 27 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 August (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
KG
Kindt Griet
Director, since 10-01-2023
VP
Vandaele Peter
Director, since 10-01-2023
- Peter Vandaele 454 sharesdeed of 28-08-2023
Recent changes
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Slopen van niet vrijstaande gebouwen of constructies · Moorslede
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Wielsbeke
Environmental permit granted
Slopen van niet vrijstaande gebouwen of constructies · Wielsbeke
Demerger: EUROMONTA splits off to CORSAFIEN
Capital increase of €422,052.66 · 454 new shares · Appointment: Debrabandere - Van Brabandt (statutory auditor) · General meeting of 19-07-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Corsafien Wielsbeke | €2.1m | €40,264 | 14.0% | - |
| DucHa-Invest Dinant | €2.0m | €37,538 | -2.5% | - |
| Vulpis Immo Bonheiden | €2.1m | €45,924 | 70.9% | - |
| HCGI Overijse | €2.4m | €34,315 | 51.5% | - |
| DUHO IMMO Kortrijk | €1.9m | €59,535 | -10.3% | - |
| TULEBUG Kuurne | €1.7m | €50,523 | -32.0% | 0 |
| LF HOME INVEST Trooz | €1.9m | €46,844 | -7.4% | - |
These companies have the same main activity as Corsafien: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €1.7m and €2.4m, founded between 2021 and 2023.
Official details
Source: KBO- Status
- Active since 10-01-2023Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201and 3 others
- Establishment unit
- 2.340.015.2318710 Wielsbeke, since 10-01-2023
- Financial year end
- 31 December
- Peppol
- Reachable since 06-02-2023
Insights on Corsafien
Corsafien files the micro format. That format states no turnover. The gross margin rose from -€73,101 in 2023 to €40,264 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Corsafien
- What is the company number of Corsafien?
- The company number of Corsafien is 0795.985.562. The VAT number is the same number with BE in front: BE 0795.985.562.
- Where is Corsafien based?
- The registered office is at Splenterbeekstraat 2, 8710 Wielsbeke.Company details
- What does Corsafien do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of Corsafien?
- Corsafien is a private limited company (BV).
- When was Corsafien founded?
- Corsafien was founded on 10-01-2023.
- Is Corsafien still active?
- Yes, Corsafien is an active enterprise in the KBO register.
- What is the turnover of Corsafien?
- The turnover in financial year 2025 is ≈ €66,000. This figure is estimated from the gross margin of €40,264 and 51 comparable companies (NACE 682). It probably lies between €49,000 and €96,000.Financials
- Is Corsafien profitable?
- In financial year 2025, Corsafien made a loss of €26,487.
- Where can I find the annual accounts of Corsafien?
- Corsafien filed 3 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Corsafien due?
- Corsafien must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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