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Complete company report
Generated 28-07-2026
Active BE 1007.095.669Private limited company

COURSES L

Rue Philippe Monnoyer(CO) 62 ·6180 Courcelles, Belgium· 2 yrs active
Sector: Non-specialised food retail (47110)
Conclusion Checked

The computed 12-month bankruptcy probability of COURSES L is 3.1% (moderate). The 2025 annual accounts show negative equity (€-4k) and a net result of €-154k. Its solvency ranks better than 24% of 237 sector peers (fiscal year 2025). The company has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 1 annual account.
Key figures
Equity €-4k
Net result €-154k
Staff (FTE) 16.5
Better than sector 24%
Snowflake analysis 5 axes · computed by Checked
Health25Profitability100Solvency46Growth50Stability67
58 / 100

Mixed profile: strong on profitability, weaker on health.

Health 25
Profitability 100
Solvency 46
Growth 50
Stability 67
Bankruptcy probability (12 mo) Checked model v1 · free
3.1% Moderate
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate sector +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Young company
Founded in 2024, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
25 / 100 Weak
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview1 NBB filings
Annual accounts filed on 27-11-2025 with the NBB · fiscal year 2025 · volledig
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency -0.4% 14.3%
better than 24% of 237 sector peers
Net result €-154k €19k
better than 11% of 237 sector peers
Equity €-4k €99k
better than 24% of 237 sector peers
Gross operating margin €405k €323k
better than 61% of 210 sector peers
Staff costs €437k €278k
higher than 66% of 211 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2025
Revenue-
EBITDA€-42k
Net profit€-154k
Cash flow€-91k
Staff costs€437k
Income taxes€123
Dividends-
Total assets€1.22M
Equity€-4k
Debt€1.23M
of which ≤ 1y€587k
of which > 1y€632k
Working capital€53k
Employees (FTE)16.5
Ratios (computed)
2025
Current ratio1.09
Quick ratio0.47
Working capital ratio4.4%
Solvency-0.4%
Debt / equity-279.98
Long-term debt ratio-144.16
Interest coverage-0.85
Gross margin-
Net margin-
ROA-12.6%
ROE3519.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€1.22M
Fixed assets 21/28€571k
Formation expenses 20€13k
Intangible fixed assets 21€0
Tangible fixed assets 22/27€571k
Current assets 29/58€640k
Stocks & contracts in progress 3€365k
Amounts receivable within one year 40/41€34k
Cash & bank 54/58€216k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.22M
Equity 10/15€-4k
Contributions / capital 10/11€150k
Accumulated profits (losses) 14€-154k
Amounts payable 17/49€1.23M
Amounts payable after one year 17€632k
Amounts payable within one year 42/48€587k
Trade debts payable within one year 44€446k
Income statement
Gross operating margin 9900€405k
Operating result 9901€-105k
Financial income 75€325
Financial charges 65€49k
Result before taxes 9903€-154k
Income taxes 67/77€123
Net result for the period 9904€-154k
Result to be appropriated 9905€-154k
Ratios computed by Checked.
Legal Structure
NACE primary Non-specialised food retail(47110)
Legal form Private limited company(610)
Incorporation13-03-2024
StatusActive
Postal code6180
Establishment units 1 location
COURSES L
Rue Philippe Monnoyer(CO) 62, 6180 CourcellesDetailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)
since 20242.358.016.055
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
52322B0054/00T000 Wallonia 3,129 m² 1 · 1,027 m² 14.0 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 1 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
27-11-2025
NBB filing Annual accounts filed
fiscal year 2025 · volledig
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Niet-gespecialiseerde detailhandel waarbij voedings- en genotmiddelen overheersen47110Detailhandel in niet-gespecialiseerde winkels waarbij voedings- en genotmiddelen overheersen (verkoopsoppervlakte tussen 400 m² en minder dan 2500 m²)47114
Primary activity highlighted.
Names & trade names
Legal nameFR COURSES L
Registered office
Rue Philippe Monnoyer(CO) 62
6180 Courcelles, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative