COURSES L
ActiveSummary
The computed 12-month bankruptcy probability of COURSES L is 3.2% (moderate). The 2025 annual accounts show negative equity (-€4,387) and a net result of -€154,387. Its solvency ranks better than 12% of 4209 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
Checked, nothing found (1)
History
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Financials · fiscal year 2025, full schema
Peer companies
Historical observationOf the 490 companies that looked in July 2024 the way this one looks now, 6.1% went bankrupt within 24 months and 89% are still going.
- Small
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 3.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 490 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.
| Line | 2025 |
|---|---|
| Remuneration, social security and pensions62 | €437,073 |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,842 |
| Other operating charges640/8 | €9,211 |
| Gross operating margin9900 | €404,658 |
| Operating profit (loss)9901 | -€105,468 |
| Financial income75/76B | €325 |
| Recurring financial income75 | €325 |
| Financial charges65/66B | €49,120 |
| Recurring financial charges65 | €49,120 |
| Profit (loss) for the period before taxes9903 | -€154,264 |
| Income taxes67/77 | €123 |
| Profit (loss) for the period9904 | -€154,387 |
| Profit (loss) for the period to be appropriated9905 | -€154,387 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €1.2m | |
| Formation expenses20 | €12,809 | |
| Fixed assets21/28 | €571,059 | |
| Intangible fixed assets21 | €0 | |
| Tangible fixed assets22/27 | €571,059 | |
| Plant, machinery and equipment23 | €570,126 | |
| Furniture and vehicles24 | €933 | |
| Current assets29/58 | €639,911 | |
| Stocks and contracts in progress3 | €365,296 | |
| Stocks30/36 | €365,296 | |
| Amounts receivable within one year40/41 | €33,642 | |
| Trade receivables40 | €28,196 | |
| Other amounts receivable41 | €5,446 | |
| Cash at bank and in hand54/58 | €215,772 | |
| Deferred charges and accrued income490/1 | €25,201 | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €1.2m | |
| Equity10/15 | -€4,387 | |
| Contributions10/11 | €150,000 | |
| Outside capital11 | €150,000 | |
| Other1109/19 | €150,000 | |
| Profit (loss) carried forward14 | -€154,387 | |
| Amounts payable17/49 | €1.2m | |
| Amounts payable after more than one year17 | €632,377 | |
| Financial debts170/4 | €632,377 | |
| Amounts payable within one year42/48 | €586,664 | |
| Current portion of amounts payable after more than one year42 | €95,521 | |
| Trade debts44 | €445,723 | |
| Suppliers440/4 | €445,723 | |
| Taxes, remuneration and social security45 | €41,920 | |
| Taxes450/3 | €2,348 | |
| Remuneration and social security454/9 | €39,573 | |
| Other amounts payable47/48 | €3,500 | |
| Accrued charges and deferred income492/3 | €9,126 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€154,387 |
| + Depreciation and write-downs630 | €63,842 |
| Operating cash flow (approximation) | -€90,544 |
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
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52322B0054/00T000 | Wallonia | 3,129 m² | 1 · 1,027 m² | 14.0 m · 3 fl. |
Linked by address, not proof of ownership
Recognitions · licences · registrations
Food safety, FASFC
1 siteSimilar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.