CORZY
ActiveSummary
CORZY has been active since 1963 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€32,372) and a net result of -€51,079. Equity is shrinking by ~41.9% per year across the filed fiscal years. Its solvency ranks better than 12% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0=
Solvency0▼-26
Growth22▼-7
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.66 against 0.96 in 2023; short-term debt: 151.1% and cash: 48.4% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
-51.1%
Return on assets
-80.6%
Age of the figures
21 mo
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 →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€32,372
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
112 d late
2022
84 d late
2021
60 d late
2020
94 d late
2019
69 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 81 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€106,833▼ 32.6%
2022 · €158,604
EBIT margin
4.7%▲ 10.1pp
2022 · -5.4%
Net result
-€51,079▼ 195%
2023 · -€17,334
Working capital
-€32,372▼ 612%
2023 · -€4,549
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
Line20202021202220232024
Turnover€171,008€162,443▼ 5.0%€158,604▼ 2.4%€106,833
Operating result-€16,681-€11,752▲ 29.5%-€8,564▲ 27.1%-€17,144▼ 100%€5,043
Net result-€17,381below the sector's middle half-€11,903below the sector's middle half▲ 31.5%-€8,962below the sector's middle half▲ 24.7%-€17,334below the sector's middle half▼ 93.4%-€51,079below the sector's middle half▼ 195%
EBIT margin-9.8%-7.2%▲ 2.5pp-5.4%▲ 1.8pp4.7%
Equity€40,399within the sector's middle half▼ 30.1%€28,496within the sector's middle half▼ 29.5%€18,708within the sector's middle half▼ 34.4%€1,374below the sector's middle half▼ 92.7%-€32,372below the sector's middle half
Total assets€104,043within the sector's middle half▲ 6.2%€103,803within the sector's middle half▼ 0.2%€114,439within the sector's middle half▲ 10.2%€116,057within the sector's middle half▲ 1.4%€63,390within the sector's middle half▼ 45.4%
Debt€63,644▲ 58.5%€75,307▲ 18.3%€95,731▲ 27.1%€114,683▲ 19.8%€95,762▼ 16.5%
Working capital€24,164within the sector's middle half▼ 47.7%€18,765within the sector's middle half▼ 22.3%€10,820within the sector's middle half▼ 42.3%-€4,549within the sector's middle half-€32,372below the sector's middle half▼ 612%
Solvency38.8%within the sector's middle half▼ 20.2pp27.5%within the sector's middle half▼ 11.4pp16.3%within the sector's middle half▼ 11.1pp1.2%below the sector's middle half▼ 15.2pp-51.1%below the sector's middle half▼ 52.3pp
Current ratio1.38within the sector's middle half▼ 0.771.25within the sector's middle half▼ 0.131.11within the sector's middle half▼ 0.140.96within the sector's middle half▼ 0.150.66below the sector's middle half▼ 0.30
Return on assets (ROA)-16.7%below the sector's middle half▼ 19.0pp-11.5%below the sector's middle half▲ 5.2pp-7.8%below the sector's middle half▲ 3.6pp-14.9%below the sector's middle half▼ 7.1pp-80.6%below the sector's middle half▼ 65.6pp
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 returns to profit in 2024: €5,043 after a loss of €17,144 in 2023, the highest result in the available series.
Key figures and ratios
Quick ratio
0.49▲
2023 · 0.39
Debt to equity
-2.96▼
2023 · 83.48
Debt ≤ 1 year
€95,762▼
2023 · €114,683
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,622 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.6%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 6,622 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €171,008 | €162,443 | €158,604 | - | €106,833 | - |
| Goods, raw materials, services and sundry goods60/61 | - | €162,275 | €162,093 | - | €97,570 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,695 | €6,542 | €1,844 | €1,964 | - | - |
| Other operating charges640/8 | - | €5,378 | €3,230 | €4,071 | €4,220 | ▲ 3.7% |
| Gross operating margin9900 | -€7,113 | €168 | -€3,490 | -€11,109 | €9,263 | ▲ 183% |
| Operating profit (loss)9901 | -€16,681 | -€11,752 | -€8,564 | -€17,144 | €5,043 | ▲ 129% |
| Recurring financial income75 | €1 | - | - | - | - | - |
| Financial charges65/66B | - | €151 | €397 | €190 | €56,122 | ▲ 29,496% |
| Recurring financial charges65 | €701 | €151 | €397 | €190 | €382 | ▲ 101% |
| Non-recurring financial charges66B | - | - | - | - | €55,740 | - |
| Profit (loss) for the period before taxes9903 | -€17,381 | -€11,903 | -€8,962 | -€17,334 | -€51,079 | ▼ 195% |
| Profit (loss) for the period9904 | -€17,381 | -€11,903 | -€8,962 | -€17,334 | -€51,079 | ▼ 195% |
| Profit (loss) for the period to be appropriated9905 | -€17,381 | -€11,903 | -€8,962 | -€17,334 | -€51,079 | ▼ 195% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €104,043 | €103,803 | €114,439 | €116,057 | €63,390 | ▼ 45.4% |
| Fixed assets21/28 | €16,235 | €9,732 | €7,887 | €5,923 | - | - |
| Tangible fixed assets22/27 | €15,966 | €9,425 | €7,580 | €5,616 | - | - |
| Furniture and vehicles24 | - | €1,337 | €668 | €0 | - | - |
| Other tangible fixed assets26 | - | €8,088 | €6,912 | €5,616 | - | - |
| Financial fixed assets28 | €269 | €307 | €307 | €307 | - | - |
| Current assets29/58 | €87,808 | €94,072 | €106,552 | €110,134 | €63,390 | ▼ 42.4% |
| Stocks and contracts in progress3 | €63,299 | €63,299 | €65,699 | €65,699 | €16,675 | ▼ 74.6% |
| Stocks30/36 | - | €63,299 | €65,699 | €65,699 | €16,675 | ▼ 74.6% |
| Amounts receivable within one year40/41 | €990 | €11,584 | €28,267 | €39,221 | €16,038 | ▼ 59.1% |
| Trade receivables40 | - | €11,584 | €28,267 | €39,221 | €14,995 | ▼ 61.8% |
| Other amounts receivable41 | - | - | - | - | €1,043 | - |
| Cash at bank and in hand54/58 | €23,519 | €19,189 | €12,586 | €5,214 | €30,677 | ▲ 488% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €104,043 | €103,803 | €114,439 | €116,057 | €63,390 | ▼ 45.4% |
| Equity10/15 | €40,399 | €28,496 | €18,708 | €1,374 | -€32,372 | ▼ 2,456% |
| Contributions10/11 | - | €19,000 | €19,000 | €19,000 | €19,000 | = |
| Reserves13 | €41,900 | €41,900 | €41,073 | €41,073 | €41,073 | = |
| Non-distributable reserves130/1 | - | €1,900 | €1,073 | €1,073 | €1,073 | = |
| Reserves not available under the articles1311 | - | €1,900 | €1,073 | €1,073 | €1,073 | = |
| Distributable reserves133 | - | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Profit (loss) carried forward14 | -€20,501 | -€32,404 | -€41,365 | -€58,699 | -€92,445 | ▼ 57.5% |
| Amounts payable17/49 | €63,644 | €75,307 | €95,731 | €114,683 | €95,762 | ▼ 16.5% |
| Amounts payable within one year42/48 | €63,644 | €75,307 | €95,731 | €114,683 | €95,762 | ▼ 16.5% |
| Trade debts44 | €45,548 | €64,650 | €85,450 | €67,369 | €26,392 | ▼ 60.8% |
| Suppliers440/4 | - | €64,650 | €85,450 | €67,369 | €26,392 | ▼ 60.8% |
| Taxes, remuneration and social security45 | - | €5,331 | €3,735 | €22,162 | €1,441 | ▼ 93.5% |
| Taxes450/3 | - | €5,331 | €3,735 | €2,162 | €1,441 | ▼ 33.3% |
| Remuneration and social security454/9 | - | - | - | €20,000 | - | - |
| Other amounts payable47/48 | - | €5,326 | €6,546 | €25,152 | €67,929 | ▲ 170% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,381 | -€11,903 | -€8,962 | -€17,334 | -€51,079 | ▼ 195% |
| + Depreciation and write-downs630 | €4,695 | €6,542 | €1,844 | €1,964 | - | - |
| Operating cash flow (approximation) | -€12,686 | -€5,361 | -€7,117 | -€15,370 | -€51,079 | ▼ 232% |
| Investment in fixed assets (approximation) | - | -€38 | €0 | €0 | - | - |
| Change in cash | - | -€4,330 | -€6,603 | -€7,372 | €25,463 | ▲ 445% |
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
2026
21-09
State Gazette act
Appointment: Rana Tariq Mahmood (director)Resignation: Hussain Begum Sadheer (director) · Registered-office move · Share transfer5 facts ▸
State Gazette act
Appointment: Rana Tariq Mahmood (director)
Resignation: Hussain Begum Sadheer (director) · Registered-office move · Share transfer5 facts ▸
- General meeting, 08-09-2026
- Director appointment, Rana Tariq Mahmood (director)
- Director resignation, Hussain Begum Sadheer (director)
- Registered-office move, Lozenberg 17/1, 1932 Zaventem
- Share transfer, Rana Tariq Mahmood
22-07
State Gazette act
Appointment: Sadheer Ahmad Hussain Begum (director)Resignation: El Marchouhi Mimoun (director) · Registered-office move · Share transfer5 facts ▸
State Gazette act
Appointment: Sadheer Ahmad Hussain Begum (director)
Resignation: El Marchouhi Mimoun (director) · Registered-office move · Share transfer5 facts ▸
- General meeting, 02-04-2026
- Director appointment, Sadheer Ahmad Hussain Begum (director)
- Director resignation, El Marchouhi Mimoun (director)
- Registered-office move, De Kleetlaan 5BC, 1831 Machelen
- Share transfer, Sadheer Ahmad Hussain Begum
08-07
State Gazette act
Resignation: Brahim El Marchouhi (non-statutory director)Director discharge3 facts ▸
State Gazette act
Resignation: Brahim El Marchouhi (non-statutory director)
Director discharge3 facts ▸
- General meeting, 01-04-2026
- Director resignation, Brahim El Marchouhi (non-statutory director)
- Director discharge, Brahim El Marchouhi (director)
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
31-12
Financial
Weakest financial yearnet -€51,079
Net result drops to -€51,079, the lowest in the series.
20-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 112 days late
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 84 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 94 days late
2020
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 69 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 5 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
3 of 9 acts read
About the unread acts
Of the 9 Belgian State Gazette acts we know for this company, 3 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Sadheer Ahmad Hussain Begum
CurrentDirector · since 02-04-2026
Rana Tariq Mahmood
CurrentDirector · since 08-09-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 9 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 1963
Ground area
4,064 m²
Building footprint
1,356 m²
Volume, LiDAR
13,109 m³
2 parcels, Flanders · tallest building 20.0 m, ±5 floors. Linked by address, not a title deed.
45
companies at this address
See who is registered here
1 establishment unit
CORZY
since 19632.003.353.173
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23078A0372/00D000 | Flanders | 2,683 m² | 1 · 669 m² | 20.0 m · 5 fl. |
| 11344A0537/00S008 | Flanders | 1,380 m² | 1 · 687 m² | 5.4 m · 1 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.
Mandate history
5 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Sadheer Ahmad Hussain Begum |
|
| Rana Tariq Mahmood |
|
| Hussain Begum Sadheer |
|
| El Marchouhi Mimoun |
|
| Brahim El Marchouhi |
|
Structure & network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Capital and shareholders
Shareholders according to the acts
Share transfer
act of 21-09-2026 ↗
Share transfer
act of 22-07-2026 ↗
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
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Of 10,663 companies in sector 47811 we hold annual accounts for 5,225. 785 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded06-02-1963
Fiscal year end31-12
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
77110Renting and leasing of cars and light motor vehicles
E-invoicing
Not found in the Peppol register
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.