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COURCELLES GROUP

Active
Private limited companyfounded 200421 yrs activeKamerdellelaan 94, 1180 Ukkel, BelgiumKBO/BCE: BE 0870.730.990
Summary

COURCELLES GROUP has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €123,190 and a net result of -€59,271. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 14% of 231 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 1.4% (low).

Risk analysisWatch ReportCompare
COURCELLES GROUPActiveChecked score 63/100
Risk analysis ReportCompare

Overview

Activity
Agents in non-specialised wholesale trade
NACE 46190NACE 51190Business and other management consultancy NACE 70200
1 site
Size
€211,811turnover 2026
Staff
1 FTE
Equity
€123,190
Loss
-€59,271
Financial health
63 Healthy Checked score 2026
Bankruptcy chance 12 m
1.4%
Structure
Holdings
2
Accounts 47 d early1 of 7 deeds read
Why 63- Loss of €59,271, the second in a row (FY 2026)- 1 change of registered office in 24 months- Equity €123,190 (16.9% of total assets)+ Figures for FY 2026 (filed 14-09-2026)Show the evidence

Checked score

Score 2026
63 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 33% of its sector peers (NACE 46, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2025
Weak
Solvency 42-14
equity 16.9% of total assets
Liquidity 53+4
short-term debt 8.4% · cash 2.5%
Profitability 6-8
return on assets -8.1%
Bankruptcy probability, 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,788 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.3%● 0.0% vs 12-2024 02-2025: 0.3%● 0.0% vs 01-2025 03-2025: 0.3%● 0.0% vs 02-2025 04-2025: 0.3%● 0.0% vs 03-2025 05-2025: 0.3%● 0.0% vs 04-2025 06-2025: 0.4%▲ +7.9% vs 05-2025 07-2025: 0.4%▲ +13.2% vs 06-2025 08-2025: 0.4%▼ -1.0% vs 07-2025 09-2025: 0.5%▲ +16.5% vs 08-2025 10-2025: 0.7%▲ +44.3% vs 09-2025 11-2025: 0.3%▼ -51.9% vs 10-2025lowest value 12-2025: 0.3%● 0.0% vs 11-2025lowest value 01-2026: 0.3%● 0.0% vs 12-2025lowest value 02-2026: 0.3%● 0.0% vs 01-2026lowest value 03-2026: 0.3%● 0.0% vs 02-2026lowest value 04-2026: 0.3%● 0.0% vs 03-2026lowest value 05-2026: 0.3%● 0.0% vs 04-2026lowest value 06-2026: 0.3%▲ +7.7% vs 05-2026 07-2026: 0.4%▲ +13.5% vs 06-2026 08-2026: 0.4%▼ -2.0% vs 07-2026 09-2026: 1.1%▲ +187% vs 08-2026 10-2026: 1.4%▲ +22.9% vs 09-2026highest value
  • Loss of €59,271, the second in a row (FY 2026) raises the probability
  • 1 change of registered office in 24 months raises the probability
  • Figures for FY 2026 (filed 14-09-2026) lowers the probability
  • Equity €123,190 (16.9% of total assets) raises the probability
Credit up to €7,000 at 30 days acceptable
Liquidity ample (current ratio 8.31 against 3.44 in 2025; short-term debt: 8.4% and cash: 2.5% of total assets), but 83.1% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 46, micro). Better than this share of them on solvency 29%, liquidity 58%, profitability 14%, growth against the median 33%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €59,271, the second in a row (FY 2026)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
In the bankruptcy model this factor raises the probability.
Belgian State Gazette
lowers risk · Figures for FY 2026 (filed 14-09-2026)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Equity €123,190 (16.9% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 231 sector peers (2026).
NBB · sector comparison
Position among 231 sector peers
Solvency
better than 14%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 14-09-2026, 47 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
47 d early
2025
21 d early
2024
20 d early
2023
33 d early
2022
28 d late
2021
16 d late
2020
19 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. Usually files around 10 October (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-03-2027 close31-10-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2026 · full…
  2. Registered officeRegistered-office move · Director in…
  3. Weakest financial yearnet -€59,271

Key points

  • Caution: Result fell in 2026from -€8,194 to -€59,271 ▼ 623% View
  • Caution: Among the weakest 11% on equitysector median €2.3m · 225 companies €123,190 View
  • Caution: 2 loss-making years in a rowloss fiscal year 2026 -€59,271 View
  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

By topic

Financials

Fiscal year
2026
Turnover
€211,811
Loss
-€59,271
Solvency
16.9%
Turnover=
Net result
20222026
Go to Financials

Timeline

Events
18
Since
2017
Next accounts
by 31-10-2027
  1. 14-09-2026Annual accounts filed
  2. 12-08-2026Registered office
  3. 31-03-2026Weakest financial year
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Agents in non-specialised wholesale tradeNACE 46190
Founded
22-12-2004
Year ends
31-03
Peppol
Reachable for e-invoices
Go to Company details

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