CORUM
ActiveSummary
CORUM has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €529k and a net result of €11k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 90% of 10407 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-4
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 6.54 against 5.19 in 2024; short-term debt: 15.3% and cash: 28.8% of total assets), and 17.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 →
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
82.5%
Return on assets
1.7%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
3 d early
2023
30 d late
2022
130 d late
2021
154 d late
2020
61 d late
2019
14 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close25-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€529k▲ 2.1%
2024 · €518k
2019: €370klowest in 7 years
2020: €396k▲ +7.1% vs 2019
2021: €422k▲ +6.6% vs 2020
2022: €461k▲ +9.3% vs 2021
2023: €500k▲ +8.4% vs 2022
2024: €518k▲ +3.7% vs 2023
2025: €529k▲ +2.1% vs 2024highest in 7 years
2019 → 2025
Total assets
€641k▼ 3.3%
2024 · €663k
2019: €546klowest in 7 years
2020: €577k▲ +5.6% vs 2019
2021: €587k▲ +1.7% vs 2020
2022: €636k▲ +8.3% vs 2021
2023: €730k▲ +14.9% vs 2022highest in 7 years
2024: €663k▼ -9.2% vs 2023
2025: €641k▼ -3.3% vs 2024
2019 → 2025
Net result
€11k▼ 64.5%
2024 · €31k
2019: €18k
2020: €26k▲ +43.0% vs 2019
2021: €26k● -0.0% vs 2020
2022: €39k▲ +49.5% vs 2021highest in 7 years
2023: €39k▼ -1.6% vs 2022
2024: €31k▼ -18.9% vs 2023
2025: €11k▼ -64.5% vs 2024lowest in 7 years
2019 → 2025
Working capital
€543k▲ 4.3%
2024 · €520k
2019: €353klowest in 7 years
2020: €384k▲ +8.8% vs 2019
2021: €411k▲ +7.1% vs 2020
2022: €454k▲ +10.4% vs 2021
2023: €484k▲ +6.7% vs 2022
2024: €520k▲ +7.5% vs 2023
2025: €543k▲ +4.3% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€422k-€461k▲ 9.3%€500k▲ 8.4%€518k▲ 3.7%€529k▲ 2.1%
2021: €422klowest in 5 years
2022: €461k▲ +9.3% vs 2021
2023: €500k▲ +8.4% vs 2022
2024: €518k▲ +3.7% vs 2023
2025: €529k▲ +2.1% vs 2024highest in 5 years
Operating result€28k-€47k▲ 70.8%€51k▲ 6.3%€38k▼ 24.9%€5k▼ 87.7%
2021: €28k
2022: €47k▲ +70.8% vs 2021
2023: €51k▲ +6.3% vs 2022highest in 5 years
2024: €38k▼ -24.9% vs 2023
2025: €5k▼ -87.7% vs 2024lowest in 5 years
Net result€26k-€39k▲ 49.5%€39k▼ 1.6%€31k▼ 18.9%€11k▼ 64.5%
2021: €26k
2022: €39k▲ +49.5% vs 2021highest in 5 years
2023: €39k▼ -1.6% vs 2022
2024: €31k▼ -18.9% vs 2023
2025: €11k▼ -64.5% vs 2024lowest in 5 years
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 88% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €641k
Fixed assets
€843 ▼ 95.4%
Current assets
€641k ▼ 0.6%
Equity and liabilities €641k
Equity
€529k ▲ 2.1%
Provisions
€15k =
Debt
€98k ▼ 25.0%
Debt's share of the balance-sheet total falls from 19.7% to 15.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▼
2024 · €58k
Cash flow
€29k▼
2024 · €52k
Current ratio
6.54▲
2024 · 5.19
Quick ratio
5.10▲
2024 · 4.04
Debt to equity
0.19▼
2024 · 0.25
ROE
2.1%▼
2024 · 6.0%
ROA
1.7%▼
2024 · 4.7%
Interest coverage
13.52▼
2024 · 71.45
Debt ≤ 1 year
€98k▼
2024 · €124k
Income taxes
€7k▼
2024 · €18k
Staff costs
€73k▲
2024 · €68k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€663k€641k▼
Fixed assets21/28€18k€843▼
Intangible fixed assets21€172€113▼
Tangible fixed assets22/27€18k€730▼
Plant, machinery and equipment23€18k€730▼
Current assets29/58€645k€641k▼
Stocks and contracts in progress3€142k€141k▼
Stocks30/36€142k€141k▼
Amounts receivable within one year40/41€307k€284k▼
Trade receivables40€33k€20k▼
Other amounts receivable41€274k€264k▼
Cash at bank and in hand54/58€172k€185k▲
Deferred charges and accrued income490/1€24k€30k▲
Equity and liabilities
Total equity and liabilities10/49€663k€641k▼
Equity10/15€518k€529k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€456k€467k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€201€201=
Distributable reserves133€449k€460k▲
Profit (loss) carried forward14€106€106=
Provisions and deferred taxes16€15k€15k=
Provisions for liabilities and charges160/5€15k€15k=
Major repairs and maintenance162€15k€15k=
Amounts payable17/49€131k€98k▼
Amounts payable after more than one year17€6k-
Financial debts170/4€6k-
Amounts payable within one year42/48€124k€98k▼
Current portion of amounts payable after more than one year42€15k€5k▼
Trade debts44€71k€62k▼
Suppliers440/4€71k€62k▼
Taxes, remuneration and social security45€26k€30k▲
Taxes450/3€7k€7k▲
Remuneration and social security454/9€19k€23k▲
Other amounts payable47/48€12k€143▼
Income statement
Code20242025
Remuneration, social security and pensions62€68k€73k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€17k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€128k€97k▼
Operating profit (loss)9901€38k€5k▼
Financial income75/76B€13k€15k▲
Recurring financial income75€13k€15k▲
Financial charges65/66B€818€2k▲
Recurring financial charges65€818€2k▲
Profit (loss) for the period before taxes9903€50k€18k▼
Income taxes67/77€18k€7k▼
Profit (loss) for the period9904€31k€11k▼
Profit (loss) for the period to be appropriated9905€31k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€31k€11k▼
Profit (loss) brought forward from the previous period14P€106€106=
Transfer from equity791/2€13k-
Transfer to equity691/2€31k€11k▼
To other reserves6921€31k€11k▼
Profit to be distributed694/7€13k-
Return on contributions (dividend)694€13k-
Social balance
Average headcount (FTE)90871.11.3▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €48k | €53k | €68k | €73k | ▲ 7.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19k | €19k | €23k | €21k | €17k | ▼ 15.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-234 | - | - | - | - |
| Other operating charges640/8 | - | €679 | €2k | €2k | €2k | ▼ 18.7% |
| Gross operating margin9900 | €99k | €115k | €128k | €128k | €97k | ▼ 24.7% |
| Operating profit (loss)9901 | €28k | €47k | €51k | €38k | €5k | ▼ 87.7% |
| Financial income75/76B | - | €10k | €11k | €13k | €15k | ▲ 19.2% |
| Recurring financial income75 | €11k | €10k | €11k | €13k | €15k | ▲ 19.2% |
| Financial charges65/66B | - | €2k | €3k | €818 | €2k | ▲ 99.7% |
| Recurring financial charges65 | €2k | €2k | €3k | €818 | €2k | ▲ 99.7% |
| Profit (loss) for the period before taxes9903 | €36k | €55k | €59k | €50k | €18k | ▼ 63.8% |
| Income taxes67/77 | €10k | €16k | €21k | €18k | €7k | ▼ 62.7% |
| Profit (loss) for the period9904 | €26k | €39k | €39k | €31k | €11k | ▼ 64.5% |
| Profit (loss) for the period to be appropriated9905 | €26k | €39k | €39k | €31k | €11k | ▼ 64.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €587k | €636k | €730k | €663k | €641k | ▼ 3.3% |
| Fixed assets21/28 | €76k | €58k | €51k | €18k | €843 | ▼ 95.4% |
| Intangible fixed assets21 | €354 | €295 | €236 | €172 | €113 | ▼ 34.3% |
| Tangible fixed assets22/27 | €75k | €57k | €51k | €18k | €730 | ▼ 96.0% |
| Plant, machinery and equipment23 | - | €57k | €39k | €18k | €730 | ▼ 96.0% |
| Furniture and vehicles24 | - | €0 | €12k | - | - | - |
| Current assets29/58 | €511k | €578k | €679k | €645k | €641k | ▼ 0.6% |
| Stocks and contracts in progress3 | €128k | €124k | €138k | €142k | €141k | ▼ 0.6% |
| Stocks30/36 | - | €124k | €138k | €142k | €141k | ▼ 0.6% |
| Amounts receivable within one year40/41 | €155k | €169k | €326k | €307k | €284k | ▼ 7.4% |
| Trade receivables40 | - | €14k | €43k | €33k | €20k | ▼ 40.2% |
| Other amounts receivable41 | - | €155k | €283k | €274k | €264k | ▼ 3.4% |
| Cash at bank and in hand54/58 | €212k | €259k | €182k | €172k | €185k | ▲ 7.6% |
| Deferred charges and accrued income490/1 | - | €26k | €34k | €24k | €30k | ▲ 25.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €587k | €636k | €730k | €663k | €641k | ▼ 3.3% |
| Equity10/15 | €422k | €461k | €500k | €518k | €529k | ▲ 2.1% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Outside capital11 | - | €0 | - | - | - | - |
| Other1109/19 | - | €0 | - | - | - | - |
| Reserves13 | €360k | €399k | €437k | €456k | €467k | ▲ 2.4% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Reserves not available under the articles1311 | - | €0 | - | - | - | - |
| Tax-exempt reserves132 | - | €201 | €201 | €201 | €201 | = |
| Distributable reserves133 | - | €393k | €431k | €449k | €460k | ▲ 2.5% |
| Profit (loss) carried forward14 | €106 | €106 | €106 | €106 | €106 | = |
| Provisions and deferred taxes16 | €15k | €15k | €15k | €15k | €15k | = |
| Provisions for liabilities and charges160/5 | - | €15k | €15k | €15k | €15k | = |
| Major repairs and maintenance162 | - | €15k | €15k | €15k | €15k | = |
| Amounts payable17/49 | €150k | €160k | €216k | €131k | €98k | ▼ 25.0% |
| Amounts payable after more than one year17 | €50k | €36k | €21k | €6k | - | - |
| Financial debts170/4 | - | €36k | €21k | €6k | - | - |
| Amounts payable within one year42/48 | €100k | €124k | €195k | €124k | €98k | ▼ 21.2% |
| Current portion of amounts payable after more than one year42 | - | €14k | €15k | €15k | €5k | ▼ 66.3% |
| Trade debts44 | €63k | €72k | €127k | €71k | €62k | ▼ 12.6% |
| Suppliers440/4 | - | €72k | €127k | €71k | €62k | ▼ 12.6% |
| Taxes, remuneration and social security45 | - | €36k | €53k | €26k | €30k | ▲ 17.6% |
| Taxes450/3 | - | €31k | €43k | €7k | €7k | ▲ 7.2% |
| Remuneration and social security454/9 | - | €6k | €10k | €19k | €23k | ▲ 21.3% |
| Other amounts payable47/48 | - | €1k | - | €12k | €143 | ▼ 98.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26k | €39k | €39k | €31k | €11k | ▼ 64.5% |
| + Depreciation and write-downs630 | €19k | €19k | €23k | €21k | €17k | ▼ 15.1% |
| Operating cash flow (approximation) | €45k | €58k | €61k | €52k | €29k | ▼ 44.9% |
| Investment in fixed assets (approximation) | - | €-917 | €-16k | €12k | €0 | ▼ 100% |
| Change in cash | - | €47k | €-78k | €-10k | €13k | ▲ 234% |
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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Weakest financial yearnet €11k ▼64.5%
Net result drops to €11k, the lowest in the series.
2024
28-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Equity above €500kEq €518k ▲3.7%
6 profitable years in a row build equity to €518k.
2023
30-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
07-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 130 days late
2022
03-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 154 days late
28-02
Financial
Highest result since 2019net €39k ▲49.5%
Net result €39k, the highest in the series.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2019
14-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 14 days late
2018
29-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
20-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
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, Gent · 2 establishment units since 2002
Ground area
2,699 m²
Building footprint
323 m²
Volume, LiDAR
2,004 m³
2 parcels, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
CORUM
since 20022.047.241.517
Q'Biss
since 20192.307.459.358
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37014B0062/00D000 | Flanders | 1,370 m² | 1 · 44 m² | 0.3 m |
| 44074B0532/00V002 | Flanders | 1,329 m² | 1 · 279 m² | 12.1 m · 3 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 2,606 EUR awarded · 2,606 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,000 EUR | 2,000 EUR |
| 2024 | 1 | 441 EUR | 441 EUR |
| 2022 | 1 | 165 EUR | 165 EUR |
Schemes
Hinderpremie bij openbare werken
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.047.241.517
Similar companies · same sector, comparable size
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BE 0466.892.375
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Pharmacie de Hérinnes
BE 0825.530.475
Pecq · Eq €528,039
APOTHEEK LISMONDE
BE 0454.430.053
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APOTHEEK JUST PHARMA
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Aalst · Eq €527,728
Of 5,220 companies in sector 47730 we hold annual accounts for 3,861. 3,345 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-02-1990
Fiscal year end31-03
Activities, NACEBEL 2025
47730Retail sale of pharmaceutical products
Scores and ratios are computed by Checked and are not a credit decision.