Active BE 0552.921.180Private limited company (pre-2019)

EURO COREBAT

Rue d'Egmont et de Hornes 6 ·4100 Seraing, Belgium· 12 yrs active

Sector: Schrijnwerk (43320)

Conclusion Checked

The KBO register records legal situation 050 for EURO COREBAT (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2020 annual accounts show negative equity (€-580k) and a net result of €-601k.

Based on the State Gazette, CBE and 3 annual accounts.

Key figures

Equity	€-580k
Net result	€-601k
Better than sector	5%
Active	12 yrs

Financial profile 5 of 5 axes measured · computed by Checked

33 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 100

Solvency 35

Growth 32

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

0 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Trust signals 1 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2020 · computed

0 / 100 Critical

050100

Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2020 and the legal situation the KBO register itself records. Indicative, not credit advice.

Financial overview6 NBB filings

Annual accounts filed on 02-11-2021 with the NBB · fiscal year 2020 · volledig

Operating resultNet result

Sector comparison

Fiscal year 2020 · NACE 43, Specialised construction · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	-81.8%	31.9%	better than 5% of 295 sector peers
Net result	€-1.00M	€16k	better than 5% of 295 sector peers
Equity	€-580k	€126k	better than 5% of 295 sector peers
Gross operating margin	€-557k	€139k	better than 5% of 269 sector peers
Total assets	€709k	€527k	better than 60% of 295 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-939k

- 18-20

Net profit

€-601k

- 18-20

Cash flow

€-557k

- 18-20

Total assets

€709k

-41.9% 18-20

Equity

€-580k

- 18-20

Working capital

€-410k

- 18-20

Employees (FTE)

18

+152.1% 18-20

Income taxes

€91k

+155.6% 18-20

Show 9 other metrics

Debt

€1.29M

+60.9% 18-20

Debt ≤ 1y

€953k

+50.9% 18-20

Debt > 1y

€337k

+98.2% 18-20

Current ratio

0.57

-62.9% 18-20

Quick ratio

0.43

-71.9% 18-20

Solvency

-81.8%

- 18-20

Debt / equity

-0.58

- 18-20

ROE

103.5%

+8.8% 18-20

ROA

-84.7%

- 18-20

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2020
Deposit	volledig
Revenue	-
EBITDA	€-939k
Net profit	€-601k
Cash flow	€-557k
Staff costs	-
Income taxes	-
Dividends	-
Total assets	€709k
Equity	€-580k
Debt	€1.29M
of which ≤ 1y	€953k
of which > 1y	€337k
Working capital	€-410k
Employees (FTE)	-

Ratios (computed)

	2020
Current ratio	0.57
Quick ratio	0.43
Working capital ratio	-57.8%
Solvency	-81.8%
Debt / equity	-0.58
Long-term debt ratio	-0.58
Interest coverage	-
Gross margin	-
Net margin	-
ROA	-84.7%
ROE	103.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2020

Assets

Fixed assets €167k · 23.5% Current assets €543k · 76.5%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2020
Balance sheet, Assets
TOTAL ASSETS	20/58	€709k
Fixed assets	21/28	€167k
Tangible fixed assets	22/27	€160k
Financial fixed assets	28	€6k
Current assets	29/58	€543k
Stocks & contracts in progress	3	€133k
Amounts receivable within one year	40/41	€353k
Cash & bank	54/58	€53k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€709k
Equity	10/15	€-580k
Reserves	13	€2k
Accumulated profits (losses)	14	€-601k
Amounts payable	17/49	€1.29M
Amounts payable after one year	17	€337k
Amounts payable within one year	42/48	€953k
Trade debts payable within one year	44	€845k
Income statement
Gross operating margin	9900	€-557k
Operating result	9901	€-983k
Financial income	75	€451
Financial charges	65	€18k
Result before taxes	9903	€-1.00M
Net result for the period	9904	€-1.00M
Result to be appropriated	9905	€-1.00M

This table shows the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Schrijnwerk(43320)
Legal form	Private limited company (pre-2019)(015)
Incorporation	23-05-2014
Status	Active
Postal code	4100

Establishment units 1 location

EURO COREBAT

Rue d'Egmont et de Hornes 6, 4100 SeraingOptrekken van de ruwbouw van gebouwen voor industrieel of commercieel gebruik, van stel- en stapelplaatsen, scholen ziekenhuizen, van gebouwen voor de beoefening van erediensten, cultuur, enz

since 20142.231.427.887

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.
62354C0042/00D010indicative	Wallonia	212 m²	1 · 106 m²	6.9 m · 2 fl.

Methodology

via registered seat: 1

0 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 6 events

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

2021

02-11-2021