Equity
-€4,387
Debts exceed assets in financial year 2025.
COURSES L
Lifetime
1 annual account with figurespeak €404,658 (2025)
€404,658
lowest -€154,387 (2025)
-€154,387
peak -€4,387 (2025)
-€4,387
€1.2m
peak 16.5 FTE (2025)
16.5 FTE
Board2 names since 2024
2 directors and 1 other
Documentsfilings and deeds
27-11-202527 days late
2025financial year
Loss of €154,387First year with figures
Key points
from the 2025 annual accountsDebts
€1.2m 100% of the balance sheet
Financial debts 51%Suppliers 36%Taxes and wages 3%Other 9%
Of this, €586,664 falls due within a year.
Position in the sector
-€154,387
Lower net result than 90% of companies in retail trade. Sector median €59,110 · 2,454 companies.
2025 accounts filed 27 days after the deadline
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 490 companies had the same profile as COURSES L has now. Each dot is one company, two years later.
88.8%
were still trading
3.9%
stopped another way
6.7%
went bankrupt
Another 0.6% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 490 companies, not a prediction for COURSES L. 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.
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director
Director
- 500 sharesdeed of 15-03-2024
- 500 sharesdeed of 15-03-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1007095669
First establishment
Rue Philippe Monnoyer 62, Courcelles
Incorporation
Founding capital of €150,000, 1,000 shares · Founders: and · Appointments: (director) and (director) · published on 15-03-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| COURSES L Courcelles | €1.2m | €404,658 | -0.4% | 16.5 |
| SA SHOPPING CONCEPT Philippeville | €1.4m | €323,656 | -53.4% | 18 |
| P.R.Macleky Hannut | €1.0m | €361,194 | -18.1% | 16 |
| GUELISSE Manage | €0.8m | €321,262 | -5.4% | 15 |
| FLOMAXAD Charleroi | €0.8m | €318,076 | -253.1% | 18.3 |
| Vermeulen Invest Lille | €1.3m | €366,281 | -3.4% | 14.5 |
| NELYAN Liège | €1.2m | €782,379 | 1.4% | 16.4 |
These companies have the same main activity as COURSES L: non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110). They are comparable in size and age: total assets between €801,000 and €1.4m, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 13-03-2024Normal situation
- Activity
- Non-specialised retail sale with food, beverages or tobacco predominatingNACE 47110
- Establishment unit
- 2.358.016.0556180 Courcelles, since 26-03-2024
- Financial year end
- 31 March
- Peppol
- Reachable since 19-09-2025
Annual accounts to 31-03-2025
- ≈ €3.9mestimated
- €1.2m
- Employeeson 31-03-2025
- 20
- Filing
- Filed on 27-11-2025
Insights on COURSES L
The 2025 annual accounts show negative equity (-€4,387) and a net result of -€154,387. Its solvency ranks better than 12% of 2,453 sector peers (NACE 47, financial year 2025).
The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about COURSES L
- What is the company number of COURSES L?
- The company number of COURSES L is 1007.095.669. The VAT number is the same number with BE in front: BE 1007.095.669.
- Where is COURSES L based?
- The registered office is at Rue Philippe Monnoyer 62, 6180 Courcelles.Company details
- What does COURSES L do?
- According to the KBO register, the main activity is non-specialised retail sale with food, beverages or tobacco predominating (NACE 47110).
- What is the legal form of COURSES L?
- COURSES L is a private limited company (BV).
- When was COURSES L founded?
- COURSES L was founded on 13-03-2024.
- Is COURSES L still active?
- Yes, COURSES L is an active enterprise in the KBO register.
- How many employees does COURSES L have?
- COURSES L had an average of 16.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of COURSES L?
- The turnover in financial year 2025 is ≈ €3.9m. This figure is estimated from the gross margin of €404,658 and 42 comparable companies (NACE 47110). It probably lies between €3.2m and €5.2m.
- Is COURSES L profitable?
- In financial year 2025, COURSES L made a loss of €154,387.
- Where can I find the annual accounts of COURSES L?
- COURSES L filed 1 annual account with the National Bank of Belgium, for financial year 2025.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
See how customers, suppliers and banks see your own company and what to improve first.