DE CORRE
ActiveSummary
DE CORRE has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-39k) and a net result of €2k. Equity is shrinking by ~47.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 27965 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability72▲+4
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.11 against 0.48 in 2024; short-term debt: 138.2% and cash: 2.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
-38.2%
Return on assets
2.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 27965 sector peers (2025).
NBB · sector comparisonPosition among 27965 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
30 d late
2024
28 d late
2023
31 d late
2022
28 d late
2021
22 d late
2020
30 d late
2019
90 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-39k▲ 5.7%
2024 · €-41k
2018: €5khighest in 8 years
2019: €-1k▼ -125% vs 2018
2020: €-9k▼ -591% vs 2019
2021: €-11k▼ -30.7% vs 2020
2022: €-15k▼ -31.4% vs 2021
2023: €-22k▼ -49.1% vs 2022
2024: €-41k▼ -83.7% vs 2023lowest in 8 years
2025: €-39k▲ +5.7% vs 2024
2018 → 2025
Total assets
€102k▲ 23.1%
2024 · €83k
2018: €95k
2019: €89k▼ -6.6% vs 2018
2020: €56k▼ -37.3% vs 2019
2021: €47k▼ -16.3% vs 2020
2022: €38k▼ -18.8% vs 2021
2023: €19k▼ -48.9% vs 2022lowest in 8 years
2024: €83k▲ +325% vs 2023
2025: €102k▲ +23.1% vs 2024highest in 8 years
2018 → 2025
Net result
€2k
2024 · €-168
2018: €-5k
2019: €-6k▼ -22.1% vs 2018
2020: €-7k▼ -16.4% vs 2019lowest in 8 years
2021: €-3k▲ +64.1% vs 2020
2022: €-4k▼ -33.8% vs 2021
2023: €-7k▼ -105% vs 2022
2024: €-168▲ +97.7% vs 2023
2025: €2k▲ +1489% vs 2024highest in 8 years
2018 → 2025
Working capital
€-125k▼ 96.3%
2024 · €-64k
2018: €-2khighest in 8 years
2019: €-13k▼ -467% vs 2018
2020: €-20k▼ -51.6% vs 2019
2021: €-21k▼ -6.5% vs 2020
2022: €-25k▼ -17.1% vs 2021
2023: €-30k▼ -21.8% vs 2022
2024: €-64k▼ -111% vs 2023
2025: €-125k▼ -96.3% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-11k-€-15k▼ 31.4%€-22k▼ 49.1%€-41k▼ 83.7%€-39k▲ 5.7%
2021: €-11khighest in 5 years
2022: €-15k▼ -31.4% vs 2021
2023: €-22k▼ -49.1% vs 2022
2024: €-41k▼ -83.7% vs 2023lowest in 5 years
2025: €-39k▲ +5.7% vs 2024
Operating result€-2k-€-3k▼ 99.8%€-6k▼ 67.6%€-1k▲ 80.0%€-3k▼ 153%
2021: €-2k
2022: €-3k▼ -99.8% vs 2021
2023: €-6k▼ -67.6% vs 2022lowest in 5 years
2024: €-1k▲ +80.0% vs 2023highest in 5 years
2025: €-3k▼ -153% vs 2024
Net result€-3k-€-4k▼ 33.8%€-7k▼ 105%€-168▲ 97.7%€2k
2021: €-3k
2022: €-4k▼ -33.8% vs 2021
2023: €-7k▼ -105% vs 2022lowest in 5 years
2024: €-168▲ +97.7% vs 2023
2025: €2k▲ +1489% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €1k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102k
Fixed assets
€87k ▲ 281%
Current assets
€15k ▼ 74.8%
Key figures and ratios
EBITDA
€11k▲
2024 · €2k
Cash flow
€16k▲
2024 · €3k
Solvency
-38.2%▲
2024 · -49.9%
Current ratio
0.11▼
2024 · 0.48
Quick ratio
0.05▼
2024 · 0.42
Debt to equity
-3.62▼
2024 · -3.00
ROA
2.3%▲
2024 · -0.2%
Interest coverage
26.52▲
2024 · 9.36
Debt
€140k▲
2024 · €124k
Debt ≤ 1 year
€140k▲
2024 · €124k
Income taxes
€912▼
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€83k€102k▲
Fixed assets21/28€23k€87k▲
Tangible fixed assets22/27€23k€87k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€20k€84k▲
Current assets29/58€60k€15k▼
Stocks and contracts in progress3€8k€8k=
Stocks30/36€8k€8k=
Amounts receivable within one year40/41€52k€4k▼
Trade receivables40€45k€3k▼
Other amounts receivable41€7k€1k▼
Cash at bank and in hand54/58€169€3k▲
Deferred charges and accrued income490/1-€835
Equity and liabilities
Total equity and liabilities10/49€83k€102k▲
Equity10/15€-41k€-39k▲
Reserves13€520€520=
Distributable reserves133€520€520=
Profit (loss) carried forward14€-42k€-39k▲
Amounts payable17/49€124k€140k▲
Amounts payable within one year42/48€124k€140k▲
Trade debts44€17k€12k▼
Suppliers440/4€17k€12k▼
Advances received on contracts in progress46€6k€3k▼
Taxes, remuneration and social security45€743€426▼
Taxes450/3€743€426▼
Other amounts payable47/48€100k€125k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€14k▲
Other operating charges640/8€2k€274▼
Gross operating margin9900€4k€11k▲
Operating profit (loss)9901€-1k€-3k▼
Financial income75/76B€3k€7k▲
Recurring financial income75€2€1▼
Non-recurring financial income76B€3k€7k▲
Financial charges65/66B€247€422▲
Recurring financial charges65€247€422▲
Profit (loss) for the period before taxes9903€2k€3k▲
Income taxes67/77€2k€912▼
Profit (loss) for the period9904€-168€2k▲
Profit (loss) for the period to be appropriated9905€-168€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-42k€-39k▲
Profit (loss) brought forward from the previous period14P€-42k€-42k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €2k | €3k | €14k | ▲ 309% |
| Other operating charges640/8 | €3k | €3k | €2k | €2k | €274 | ▼ 86.2% |
| Gross operating margin9900 | €3k | €1k | €-1k | €4k | €11k | ▲ 166% |
| Operating profit (loss)9901 | €-2k | €-3k | €-6k | €-1k | €-3k | ▼ 153% |
| Financial income75/76B | €0 | - | €3 | €3k | €7k | ▲ 124% |
| Recurring financial income75 | €0 | - | €3 | €2 | €1 | ▼ 54.9% |
| Non-recurring financial income76B | - | - | - | €3k | €7k | ▲ 124% |
| Financial charges65/66B | €343 | €255 | €232 | €247 | €422 | ▲ 70.8% |
| Recurring financial charges65 | €343 | €255 | €232 | €247 | €422 | ▲ 70.8% |
| Profit (loss) for the period before taxes9903 | €-2k | €-4k | €-6k | €2k | €3k | ▲ 111% |
| Income taxes67/77 | €672 | - | €2k | €2k | €912 | ▼ 46.4% |
| Profit (loss) for the period9904 | €-3k | €-4k | €-7k | €-168 | €2k | ▲ 1,489% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-4k | €-7k | €-168 | €2k | ▲ 1,489% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47k | €38k | €19k | €83k | €102k | ▲ 23.1% |
| Fixed assets21/28 | €10k | €10k | €8k | €23k | €87k | ▲ 281% |
| Tangible fixed assets22/27 | €10k | €10k | €8k | €23k | €87k | ▲ 281% |
| Land and buildings22 | €4k | €3k | €3k | - | - | - |
| Plant, machinery and equipment23 | €5k | €4k | €4k | €3k | €2k | ▼ 25.0% |
| Furniture and vehicles24 | €996 | €2k | €1k | €20k | €84k | ▲ 328% |
| Current assets29/58 | €37k | €28k | €12k | €60k | €15k | ▼ 74.8% |
| Stocks and contracts in progress3 | €8k | €8k | €8k | €8k | €8k | = |
| Stocks30/36 | €8k | €8k | €8k | €8k | €8k | = |
| Amounts receivable within one year40/41 | €24k | €20k | €2k | €52k | €4k | ▼ 91.9% |
| Trade receivables40 | €3k | €7k | €190 | €45k | €3k | ▼ 93.5% |
| Other amounts receivable41 | €21k | €13k | €1k | €7k | €1k | ▼ 81.7% |
| Cash at bank and in hand54/58 | €5k | €495 | €2k | €169 | €3k | ▲ 1,390% |
| Deferred charges and accrued income490/1 | - | - | - | - | €835 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47k | €38k | €19k | €83k | €102k | ▲ 23.1% |
| Equity10/15 | €-11k | €-15k | €-22k | €-41k | €-39k | ▲ 5.7% |
| Contributions10/11 | €19k | €19k | €19k | - | - | - |
| Reserves13 | €520 | €520 | €520 | €520 | €520 | = |
| Non-distributable reserves130/1 | €520 | €520 | €520 | - | - | - |
| Reserves not available under the articles1311 | €520 | €520 | €520 | - | - | - |
| Distributable reserves133 | - | - | - | €520 | €520 | = |
| Profit (loss) carried forward14 | €-31k | €-34k | €-42k | €-42k | €-39k | ▲ 5.6% |
| Amounts payable17/49 | €58k | €53k | €42k | €124k | €140k | ▲ 13.5% |
| Amounts payable within one year42/48 | €58k | €53k | €42k | €124k | €140k | ▲ 13.5% |
| Trade debts44 | €13k | €18k | €1k | €17k | €12k | ▼ 27.3% |
| Suppliers440/4 | €13k | €18k | €1k | €17k | €12k | ▼ 27.3% |
| Advances received on contracts in progress46 | €4k | - | €195 | €6k | €3k | ▼ 49.9% |
| Taxes, remuneration and social security45 | €577 | €475 | €254 | €743 | €426 | ▼ 42.7% |
| Taxes450/3 | €577 | €475 | €254 | €743 | €426 | ▼ 42.7% |
| Other amounts payable47/48 | €40k | €35k | €40k | €100k | €125k | ▲ 24.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-4k | €-7k | €-168 | €2k | ▲ 1,489% |
| + Depreciation and write-downs630 | €2k | €2k | €2k | €3k | €14k | ▲ 309% |
| Operating cash flow (approximation) | €-848 | €-2k | €-5k | €3k | €16k | ▲ 401% |
| Investment in fixed assets (approximation) | - | €-2k | €0 | €-18k | €-78k | ▼ 327% |
| Change in cash | - | €-5k | €2k | €-2k | €2k | ▲ 206% |
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
Next filing, fiscal year 2026, expected by
2026
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after 7 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Weakest financial yearnet €-7k
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 90 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Schoten · 1 establishment unit since 2009
Ground area
7,568 m²
Building footprint
743 m²
Volume, LiDAR
7,077 m³
Parcel 11443C0645/00H009, Flanders · tallest building 25.0 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
De Corre BV
since 20092.177.521.029
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11443C0645/00H009 | Flanders | 7,568 m² | 1 · 743 m² | 25.0 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 22,815 companies in sector 43211 we hold annual accounts for 10,325. 3,755 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-03-2009
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
Contact
E-mail
cornelissven@telenet.beSchoten
Scores and ratios are computed by Checked and are not a credit decision.