COURARD
ActiveThe computed 12-month bankruptcy probability of COURARD is 2.4% (moderate). The 2025 annual accounts show equity of €58k and a net result of €-10k. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 54% of 4410 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-68
Solvency56▼-39
Growth51▼-17
Stability100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.5 against 1.82 in 2024), and 55.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Sector 81
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
44.6%
Return on assets
-7.6%
Age of the figures
8 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-07-2026, 4 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
4 d early
2024
1 d early
2023
34 d early
2022
28 d early
2021
37 d early
2020
71 d late
2019
32 d early
← 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€139k▲ 7.4%
2023 · €130k
2019: €111k
2020: €90k
2021: €192k
2022: €156k
2023: €130k
2019 → 2024
EBIT margin
10.0%▲ 8.4pp
2023 · 1.7%
2019: 8.2%
2020: -3.4%
2021: 25.3%
2022: -2.3%
2023: 1.7%
2019 → 2024
Net result
€-10k
2024 · €10k
2019: €6k
2020: €-3k
2021: €40k
2022: €-6k
2023: €2k
2024: €10k
2019 → 2025
Working capital
€-36k
2024 · €14k
2019: €18k
2020: €19k
2021: €30k
2022: €21k
2023: €8k
2024: €14k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€192k-€156k▼ 18.5%€130k▼ 16.9%€139k▲ 7.4%
Equity€62k-€56k▼ 9.5%€58k▲ 3.6%€68k▲ 17.6%€58k▼ 14.6%
Operating result€48k-€-4k€2k€14k▲ 544%€-7k
Net result€40k-€-6k€2k€10k▲ 409%€-10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €14k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130k
Fixed assets
€94k▲ 23.8%
Current assets
€36k▲ 21.3%
Equity and liabilities €130k
Equity
€58k▼ 14.6%
Debt
€72k▲ 90.8%
The debt ratio rises from 35.8% to 55.4%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€36k
Cash flow
€33k
Solvency
44.6%▼
2024 · 64.2%
Current ratio
0.50▼
2024 · 1.82
Quick ratio
0.50▼
2024 · 1.82
Debt / equity
1.24▲
2024 · 0.56
ROE
-17.1%▼
2024 · 14.9%
ROA
-7.6%▼
2024 · 9.6%
Interest coverage
12.44
Debt
€72k▲
2024 · €38k
Debt ≤ 1 year
€72k▲
2024 · €16k
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€106k€130k▲
Fixed assets21/28€76k€94k▲
Intangible fixed assets21€22k-
Tangible fixed assets22/27€53k€94k▲
Plant, machinery and equipment23€34k€6k▼
Furniture and vehicles24€13k€81k▲
Other tangible fixed assets26€7k€6k▼
Current assets29/58€30k€36k▲
Amounts receivable within one year40/41€24k€20k▼
Trade receivables40€24k€19k▼
Other amounts receivable41-€636
Cash at bank and in hand54/58€5k€14k▲
Deferred charges and accrued income490/1€623€3k▲
Equity and liabilities
Total equity and liabilities10/49€106k€130k▲
Equity10/15€68k€58k▼
Contributions10/11€19k€19k=
Reserves13€49k€49k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€47k€47k=
Profit (loss) carried forward14€0€-10k▼
Amounts payable17/49€38k€72k▲
Amounts payable after more than one year17€21k-
Financial debts170/4€3k-
Other amounts payable178/9€18k-
Amounts payable within one year42/48€16k€72k▲
Trade debts44€308€72▼
Suppliers440/4€308€72▼
Taxes, remuneration and social security45€16k€6k▼
Taxes450/3€16k€6k▼
Other amounts payable47/48-€66k
Income statement
Code20242025
Turnover70€139k-
Non-recurring operating income76A€9k-
Goods, raw materials, services and sundry goods60/61€125k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€43k
Other operating charges640/8€846€672▼
Gross operating margin9900€15k€37k▲
Operating profit (loss)9901€14k€-7k▼
Financial income75/76B€29€51▲
Recurring financial income75€29€51▲
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€13k€-10k▼
Income taxes67/77€3k-
Profit (loss) for the period9904€10k€-10k▼
Profit (loss) for the period to be appropriated9905€10k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€7k€-10k▼
Profit (loss) brought forward from the previous period14P€-4k-
Transfer to equity691/2€7k-
To other reserves6921€7k-
The notes to these accounts (7 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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-10k ▼198%
Net result drops to €-10k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €40k
Net result €40k after one loss-making year.
10-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 71 days late
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2023
COURARD Tanguy
CurrentDirector · since 21-12-2023
21-12-2023
Appointed as Director
Location & real-estate footprint
Registered office, Ottignies-Louvain-la-Neuve · 1 establishment unit since 2018
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.
Avenue des Iris 1351341 Ottignies-Louvain-la-NeuveGround area
905 m²
Building footprint
112 m²
Volume, LiDAR
875 m³
Parcel 25016A0192/00Z004, Wallonia · tallest building 10.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
COURARD SPRL
since 20182.284.034.947
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25016A0192/00Z004 | Wallonia | 905 m² | 1 · 112 m² | 10.0 m · 3 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
GEODE-CONCEPT
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STAL 445
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Esprit Ouvert
BE 0777.403.332
Amay · Eq €58k
ARBOR-SERVICE
BE 0675.756.537
Beringen · Eq €58k
BRIDOUX Jardin
BE 0794.962.708
Rumes · Eq €58k
Of 21,156 companies in sector 81300 we hold annual accounts for 4,344. 3,611 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded26-10-2018
Fiscal year end31-12
Activities, NACEBEL
81300Landscape service activities
62020IT consultancy
62200Computer consultancy and computer facilities management
90022Arts creation and performing arts activities
90392Design and construction of stages and sets
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:courard.tanguy@icloud.com
Phone:+32473505982