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LA COURSIVE

Active
Non-profit associationfounded 1968active for 58 yearsRue Vieille-Montagne 22, 4000 Liège, BelgiumKBO/BCE: BE 0409.110.762
Summary

LA COURSIVE has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €886,708 and a net result of €112,640. Equity is growing by about 6.9% per year across the filed financial years. Its solvency ranks better than 80% of 699 sector peers (NACE 88, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Risk analysisFollow ReportCompare
LA COURSIVEActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Social work activities without accommodation
NACE 88105
1 site
Size
≈ €2.9mturnover 2025, estimated
Staff
38.3 FTE
Equity
€886,708
Surplus
€112,640
Turnover estimated from the gross margin
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Structure
Board
10 members
2025 accounts filed 31 days late4 of 12 deeds summarised
Why 96raises riskLast filed accounts filed 31 days late; 3 of the last 3 latelowers riskLegal form: non-profit associationLiquidity: current ratio 3.26, cash €328,278Sector: Social work activities without accommodation (NACE 88)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 65% of its sector peers (NACE 88, micro)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 95+8
equity 70.0% of total assets
Liquidity 74+7
short-term debt 24.1% · cash 25.9%
Profitability 80+5
return on assets 8.9%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median < 0.1% (1,127 companies, NACE 88, micro)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%● unchanged vs 11-2024 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025highest value 04-2025: < 0.1%● unchanged vs 03-2025 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value
Credit of up to €85,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.26, compared with 2.7 in 2024, above the usual 1.5; short-term debt: 24.1% and cash: 25.9% of total assets), and 30% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 88, micro): better than 79% on solvency, 58% on liquidity, 64% on profitability and 60% on growth.

The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises risk
lowers risk · Legal form: non-profit association
KBO
raises risk · Last filed accounts filed 31 days late; 3 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 3.26, cash €328,278
NBB · annual accounts
lowers risk · Sector: Social work activities without accommodation (NACE 88)
KBO
raises risk · 2025 accounts filed 31 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
31 days late
2024
169 days late
2022
135 days late
2021
31 days late
2020
53 days early
2019
26 days late
2018
120 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 31 days after the deadline; the sector median (NACE 88) for financial year 2024 is 24 days before the deadline, and 25% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 filed years within 104 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Appointments: Jean-Paul Bernard, France Jeuniaux and…Gazette deed
  3. Annual accounts filedfinancial year 2024 · micro…

Key points

  • Positive: Result rose in 2025from €57,143 to €112,640 ▲ 97.1% View
  • Positive: Among the best 5% on net resultsector median €9,007 · 702 companies €112,640 View
  • Positive: 7 profitable years in a rowprofit 2025: €112,640 7 years View
  • New directorlatest change 30-03-2026 · 10 in office 1 joined View
  • Active since 1968founded 04-04-1968 58 years View

By topic

Financials

Financial year
2025
Total assets
€1.3m
Profit
€112,640
Solvency
70.0%
Total assets▲ 2.1%
Net result
20182025
Go to Financials

Board & ownership

Board
10 members
  • CHANET ClémentineDirector
  • CORNET CamilleDirector
  • CORNET Jean-PhilippeDirector
  • COUMANNE Jean-NoëlDirector
  • Daniel PasqualinDirector

and 5 other directors

Go to Board & ownership

Timeline

Events
25
Since
2007
Next accounts
by 31-07-2027
  1. 31-12-2025Highest result from 2018 to 2025
  2. 26-08-2025Resignation: DEZWAENE Jean-Luc (director)
  3. 30-01-2024Admissions: BERNARD Jean-Paul Louis José, CHANET Clémentine…
Go to Timeline

Company details

Sites
1
Legal form
Non-profit association
Activity
Social work activities without accommodationNACE 88105
Founded
04-04-1968
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
23
Purpose
“L'association, poursuit la réalisation de ce but en menant les activités suivantes…” (deed in French)
Go to Articles of association

Key facts about LA COURSIVE

What is the company number of LA COURSIVE?
0409.110.762. In Belgium the VAT number is the company number with BE in front: BE 0409.110.762.
Where is LA COURSIVE based?
The registered office is at Rue Vieille-Montagne 22, 4000 Liège.Company details
What does LA COURSIVE do?
According to the KBO register, the main activity is social work activities without accommodation (NACE 88105).
What is the legal form of LA COURSIVE?
Non-profit association (VZW).
When was LA COURSIVE founded?
On 04-04-1968.
Is LA COURSIVE still active?
Yes, LA COURSIVE is an active enterprise in the KBO register.
How many employees does LA COURSIVE have?
On average 38.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of LA COURSIVE?
Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is LA COURSIVE profitable?
In financial year 2025, LA COURSIVE made a profit of €112,640.
Where can I find the annual accounts of LA COURSIVE?
LA COURSIVE filed 19 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of LA COURSIVE due?
By 31-07-2027, for financial year 2026.Timeline

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