CORVAL
ActiveSummary
The computed 12-month bankruptcy probability of CORVAL is 2.5% (moderate). The 2025 annual accounts show negative equity (-€153,300) and a net result of -€69,180. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 5% of 16,961 sector peers (NACE 56, financial year 2025). The company has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 30-12-1993 Normal situation
- Registered office
- 19 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Limited-service restaurants, excluding mobile food services NACE 56112
- Establishment unit
- 2.065.745.751 1070 Anderlecht, since 24-02-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 19-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.5%
- Gross margin
- €125,554
- ▼ 32.6%
- Turnover
- ≈ €390,000
- estimated
- Loss
- €69,180
- ▼ 12.4%
- Equity
- -€153,300
- ▼ 82.2%
- Total assets
- €26,887
- ▼ 42.3%
- Employees on 31-12-2025
- 2
- ▼ 60.0%
- Negative equity on 31-12-2025
- 2025 accounts filed 27 days after the deadline
Score breakdownraises riskSector: Food and beverage service activities (NACE 56)Loss of €69,180, the second in a row (financial year 2025)Negative equity -€153,300lowers riskSize: total assets €26,887Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 56, micro). It does better than 9% of them on solvency, 10% on liquidity, 8% on profitability and 9% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 13 days after the deadline. In the sector (NACE 56), the median for financial year 2024 was 7 days after the deadline, and 53% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 27 days after the deadline Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00448112.
Annual accounts 2025 filed on 27-08-2026 at the NBB all 32 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €61,970, smaller than the loss of €71,789 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Food and beverage service activities (NACE 56). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 5 | 5 | 5 | 2 |
| full-time | 4 | 5 | 5 | 5 | 2 |
| part-time | 0 | 0 | 0 | - | 0 |
| in full-time equivalents | 4 | 5 | 5 | 5 | 2 |
| Average over the year, in full-time equivalents | 4.1 | 4.5 | 5.4 | 5.2 | 3 |
| On a permanent contract | 2 | 3 | 3 | 4 | 2 |
| Joined | 4 | 5 | 3 | 2 | 0 |
| Left | 4 | 4 | 3 | 2 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,032 | €1,000 | €9,116 | - |
| Depreciation and write-downs of the year | €13,207 | €6,946 | €2,694 | €3,036 | €3,059 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as CORVAL: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €22,900 and €43,400, founded between 1989 and 1998.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| CORVAL Anderlecht | 1993 | €26,887 | -€153,300 | €125,554 | -€69,180 | 2025 |
| I.V.A.- TEX Gent | 1993 | €32,147 | €3,388 | €132,520 | €68,823 | 2025 |
| LA FERMETTE POLYDORE Anderlecht | 1998 | €32,275 | -€65,881 | €88,016 | -€49,949 | 2025 |
| VANDERVAEREN HENRI Brussel | 1991 | €22,876 | -€168,295 | €81,854 | €22,145 | 2025 |
| LE WATERLOO Sint-Gillis (bij-Brussel) | 1991 | €32,352 | -€2,711 | €74,043 | -€27,208 | 2025 |
| MOWGLI Sint-Gillis (bij-Brussel) | 1996 | €43,363 | €6,018 | €120,206 | -€1,819 | 2025 |
| VALMAR Brussel | 1989 | €33,383 | -€57,600 | €75,255 | -€10,706 | 2025 |
They were chosen from the 10,326 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 6,619 companies had the same profile as CORVAL has now. Two years later, 4.5% had gone bankrupt and 84.5% were still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.0% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CORVAL itself: 2.5% within 12 months.
Test of the method
The method was tested on the 497,445 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 6,619 companies, not a prediction for CORVAL. 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €69,294 | €180,584 | €253,336 | €253,839 | €183,278 | ▼ 27.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,878 | €20,450 | €11,634 | €13,207 | €6,946 | €2,694 | €3,036 | €3,059 | ▲ 0.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €15,000 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €634 | €848 | €2,144 | €1,192 | €1,186 | ▼ 0.5% |
| Gross operating margin9900 | €296,031 | €297,104 | €130,142 | €80,290 | €188,081 | €273,985 | €186,277 | €125,554 | ▼ 32.6% |
| Operating profit (loss)9901 | -€6,164 | -€13,456 | €19,675 | -€17,845 | -€298 | €15,811 | -€71,789 | -€61,970 | ▲ 13.7% |
| Financial income75/76B | - | - | - | - | - | - | €1 | €1 | ▼ 58.0% |
| Recurring financial income75 | €16 | €1 | €4 | - | - | - | €1 | €1 | ▼ 58.0% |
| Financial charges65/66B | - | - | - | €4,719 | €5,165 | €6,487 | €7,072 | €7,066 | ▼ 0.1% |
| Recurring financial charges65 | €5,095 | €4,609 | €2,558 | €4,719 | €5,165 | €6,487 | €7,072 | €7,066 | ▼ 0.1% |
| Profit (loss) for the period before taxes9903 | -€11,243 | -€18,064 | €17,121 | -€22,564 | -€5,463 | €9,324 | -€78,860 | -€69,035 | ▲ 12.5% |
| Income taxes67/77 | -€868 | €94 | - | - | - | €31 | €110 | €145 | ▲ 32.5% |
| Profit (loss) for the period9904 | -€10,376 | -€18,159 | €17,121 | -€22,564 | -€5,463 | €9,293 | -€78,969 | -€69,180 | ▲ 12.4% |
| Profit (loss) for the period to be appropriated9905 | -€10,376 | -€18,159 | €17,121 | -€22,564 | -€5,463 | €9,293 | -€78,969 | -€69,180 | ▲ 12.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €94,088 | €67,039 | €68,122 | €89,178 | €179,002 | €73,676 | €46,631 | €26,887 | ▼ 42.3% |
| Fixed assets21/28 | €39,623 | €23,963 | €25,147 | €11,940 | €10,027 | €8,333 | €14,413 | €11,354 | ▼ 21.2% |
| Tangible fixed assets22/27 | €36,667 | €21,007 | €22,191 | €8,984 | €7,071 | €5,377 | €11,457 | €8,398 | ▼ 26.7% |
| Furniture and vehicles24 | - | - | - | €8,984 | €3,387 | €2,145 | €10,007 | €8,058 | ▼ 19.5% |
| Other tangible fixed assets26 | - | - | - | - | €3,684 | €3,232 | €1,450 | €340 | ▼ 76.5% |
| Financial fixed assets28 | €2,956 | €2,956 | €2,956 | €2,956 | €2,956 | €2,956 | €2,956 | €2,956 | = |
| Current assets29/58 | €54,465 | €43,076 | €42,975 | €77,238 | €168,976 | €65,343 | €32,218 | €15,534 | ▼ 51.8% |
| Stocks and contracts in progress3 | €5,321 | €3,620 | €2,267 | €7,548 | €13,235 | €20,547 | €14,279 | €11,984 | ▼ 16.1% |
| Stocks30/36 | - | - | - | €7,548 | €13,235 | €20,547 | €14,279 | €11,984 | ▼ 16.1% |
| Amounts receivable within one year40/41 | €16,990 | €14,091 | €30,876 | €48,189 | €140,327 | €33,844 | €1,068 | €1,352 | ▲ 26.6% |
| Trade receivables40 | - | - | - | €47,868 | €139,742 | €32,552 | - | - | - |
| Other amounts receivable41 | - | - | - | €321 | €585 | €1,292 | €1,068 | €1,352 | ▲ 26.6% |
| Cash at bank and in hand54/58 | €26,402 | €25,364 | €9,832 | €21,501 | €14,159 | €10,953 | €16,871 | €2,199 | ▼ 87.0% |
| Deferred charges and accrued income490/1 | - | - | - | - | €1,255 | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €94,088 | €67,039 | €68,122 | €89,178 | €179,002 | €73,676 | €46,631 | €26,887 | ▼ 42.3% |
| Equity10/15 | €14,623 | -€3,536 | €13,585 | -€8,980 | -€14,443 | -€5,150 | -€84,119 | -€153,300 | ▼ 82.2% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | - | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€5,828 | -€23,987 | -€6,867 | -€29,431 | -€34,894 | -€25,601 | -€104,571 | -€173,751 | ▼ 66.2% |
| Amounts payable17/49 | €79,465 | €70,575 | €54,538 | €98,157 | €193,445 | €78,826 | €130,750 | €180,187 | ▲ 37.8% |
| Amounts payable after more than one year17 | - | - | - | - | - | - | €15,683 | €11,614 | ▼ 25.9% |
| Financial debts170/4 | - | - | - | - | - | - | €15,683 | €11,614 | ▼ 25.9% |
| Amounts payable within one year42/48 | €79,465 | €70,575 | €54,538 | €98,157 | €193,445 | €78,826 | €115,067 | €168,573 | ▲ 46.5% |
| Financial debts43 | - | - | - | €15,002 | €8,991 | €37,240 | €36,815 | €28,202 | ▼ 23.4% |
| Credit institutions430/8 | - | - | - | €15,002 | €8,991 | €37,240 | €36,815 | €28,202 | ▼ 23.4% |
| Trade debts44 | €42,757 | €28,486 | €7,093 | €56,228 | €149,380 | €8,278 | €49,131 | €96,743 | ▲ 96.9% |
| Suppliers440/4 | - | - | - | €56,228 | €149,380 | €8,278 | €49,131 | €96,743 | ▲ 96.9% |
| Taxes, remuneration and social security45 | - | - | - | €8,930 | €16,886 | €11,929 | €10,061 | €11,813 | ▲ 17.4% |
| Taxes450/3 | - | - | - | €2,035 | €8,063 | €9,704 | €8,855 | €4,272 | ▼ 51.8% |
| Remuneration and social security454/9 | - | - | - | €6,895 | €8,823 | €2,225 | €1,206 | €7,541 | ▲ 525% |
| Other amounts payable47/48 | - | - | - | €17,997 | €18,189 | €21,378 | €19,060 | €31,815 | ▲ 66.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€10,376 | -€18,159 | €17,121 | -€22,564 | -€5,463 | €9,293 | -€78,969 | -€69,180 | ▲ 12.4% |
| + Depreciation and write-downs630 | €3,878 | €20,450 | €11,634 | €13,207 | €6,946 | €2,694 | €3,036 | €3,059 | ▲ 0.8% |
| Operating cash flow (approximation) | -€6,498 | €2,291 | €28,754 | -€9,357 | €1,483 | €11,987 | -€75,934 | -€66,121 | ▲ 12.9% |
| Investment in fixed assets (approximation) | - | -€4,790 | -€12,818 | €0 | -€5,032 | -€1,000 | -€9,116 | €0 | - |
| Change in cash | - | -€1,037 | -€15,532 | €11,668 | -€7,341 | -€3,207 | €5,919 | -€14,673 | - |
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 32 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00448112 | NBB |
| 31-12-2024 | micro format | 26-08-2025 | 2025-00416039 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00436330 | |
| 31-12-2022 | micro format | 26-09-2023 | 2023-00456316 | |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20378192 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-62700453 | |
| 31-12-2019 | micro format | 10-04-2020 | 2020-09100468 | |
| 31-12-2018 | micro format | 14-05-2019 | 2019-13100263 | |
| 31-12-2017 | micro format | 12-06-2018 | 2018-17900291 | |
| 31-12-2016 | micro format | 17-08-2017 | 2017-44700333 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 03-05-2024 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| CORBISIER Laurence Paule Lina Nathalie |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Personnes physiques ou morales,actionnaires ou non, 1”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement actions si plusieurs, cessions entre vifs à titre onéreux ou gratuit,volontaires ou…”
Articles of association, deed of 03-05-2024 (in French)
Network & group
CORVAL shares no director with another company.
Companies at the same address
18 other companies- INDIGO Park Belgium Establishment · since 2023 0449598562
- Céline Beauty Shop Establishment · since 2023 0804740209
- LUTON Establishment · since 2023 0800037984
- OUZERIE Establishment · since 2023 0439033678
- Aimer à l'U.L.B. Establishment · since 2020 0424777648
- LUCKY ROAD Establishment · since 2020 0554869593
- MTH&AMD Registered office · since 2019 0739914911
- Gréer, Catherine (sole trader) Establishment · since 2011 0837574709
- DI Establishment · since 2011 0429025951
- PRESS SHOP AND MORE Establishment · since 2006 0403517327
Connections & network
1 current directorThe network starts from the directors of CORVAL. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
03-05
Gazette deed
Change of role: CORBISIER Laurence Paule Lina Nathalie, from manager to directorLegal-form conversion · Capital conversion · Amendment of the articles10 points ▸
- General meeting, 04-04-2024
- Other provision, “soumission aux dispositions du Code des sociétés et des associations”, 1 (deed in French)
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “suppression du compte de capitaux propres statutairement indisponible, fonds rendus disponibles pour distribution” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, CORBISIER Laurence Paule Lina Nathalie (manager)
- Director appointment, CORBISIER Laurence Paule Lina Nathalie (director (not named in the articles))
- Registered office clause, “1070 Anderlecht, Route de Lennik 806”, 7 (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Food safety, FASFC
1 siteSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21307E0036/00S003 | Brussels | 8,132 m² | - | - |