LA COURSIVE
ActiveLA COURSIVE has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €887k and a net result of €113k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 79% of 518 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
100
/ 100
Excellent▲ +6 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability64▲+27
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity ample (current ratio 3.26 against 2.7 in 2024), and 30% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 88
Relative position
BE, all sectors
reference
Sector 88
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70%
Return on assets
8.9%
Age of the figures
9 mo
neutral · Filed after the deadline
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. 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
31 d late
2024
169 d late
2022
135 d late
2021
31 d late
2020
53 d early
2019
26 d late
2018
120 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€113k▲ 97.1%
2024 · €57k
2018: €47k
2019: €78k
2020: €41k
2021: €50k
2022: €11k
2024: €57k
2018 → 2025
Working capital
€689k▲ 4.5%
2024 · €659k
2018: €429k
2019: €474k
2020: €533k
2021: €502k
2022: €472k
2024: €659k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€635k-€685k▲ 7.9%€696k▲ 1.6%€774k▲ 11.3%€887k▲ 14.6%
Operating result€43k-€52k▲ 19.9%€13k▼ 75.7%€58k▲ 360%€113k▲ 95.9%
Net result€41k-€50k▲ 21.8%€11k▼ 78.3%€57k▲ 427%€113k▲ 97.1%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2025 is 96% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€274k▲ 41.4%
Current assets
€994k▼ 5.2%
Equity and liabilities €1.27M
Equity
€887k▲ 14.6%
Provisions
€75k=
Debt
€306k▼ 22.1%
The debt ratio falls from 31.6% to 24.1%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€154k▲
2024 · €92k
Cash flow
€154k▲
2024 · €92k
Solvency
70.0%▲
2024 · 62.3%
Current ratio
3.26▲
2024 · 2.70
Quick ratio
3.26▲
2024 · 2.70
Debt / equity
0.34▼
2024 · 0.51
ROE
12.7%▲
2024 · 7.4%
ROA
8.9%▲
2024 · 4.6%
Interest coverage
198.66▲
2024 · 116.53
Debt
€306k▼
2024 · €393k
Debt ≤ 1 year
€305k▼
2024 · €389k
Staff costs
€2.49M▲
2024 · €2.42M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.24M€1.27M▲
Fixed assets21/28€194k€274k▲
Tangible fixed assets22/27€193k€274k▲
Land and buildings22€186k€238k▲
Furniture and vehicles24€7k€35k▲
Financial fixed assets28€413€413=
Current assets29/58€1.05M€994k▼
Amounts receivable within one year40/41€295k€368k▲
Trade receivables40€249k€342k▲
Other amounts receivable41€46k€26k▼
Current investments50/53€424k€274k▼
Cash at bank and in hand54/58€304k€328k▲
Deferred charges and accrued income490/1€24k€23k▼
Equity and liabilities
Total equity and liabilities10/49€1.24M€1.27M▲
Equity10/15€774k€887k▲
Contributions10/11€147k€147k=
Capital10€147k€147k=
Reserves13€627k€740k▲
Profit (loss) carried forward14€0-
Provisions and deferred taxes16€75k€75k=
Provisions for liabilities and charges160/5€75k€75k=
Major repairs and maintenance162€75k€75k=
Amounts payable17/49€393k€306k▼
Amounts payable after more than one year17€3k-
Financial debts170/4€3k-
Amounts payable within one year42/48€389k€305k▼
Current portion of amounts payable after more than one year42€4k€3k▼
Trade debts44€96k€4k▼
Suppliers440/4€96k€4k▼
Taxes, remuneration and social security45€268k€289k▲
Taxes450/3€280-
Remuneration and social security454/9€268k€289k▲
Accrued charges and deferred income492/3€1k€895▼
Income statement
Code20242025
Remuneration, social security and pensions62€2.42M€2.49M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€41k▲
Other operating charges640/8€8k€14k▲
Non-recurring operating charges66A€431-
Gross operating margin9900€2.59M€2.66M▲
Operating profit (loss)9901€58k€113k▲
Financial income75/76B€286€478▲
Recurring financial income75€286€478▲
Financial charges65/66B€790€775▼
Recurring financial charges65€790€775▼
Profit (loss) for the period before taxes9903€57k€113k▲
Profit (loss) for the period9904€57k€113k▲
Profit (loss) for the period to be appropriated9905€57k€113k▲
Appropriation of the result
Profit (loss) to be appropriated9906€57k€113k▲
From contributions791€570k-
To contributions691€627k€113k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
16-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 169 days late
2025
31-12
Financial
Highest result since 2018net €113k ▲97.1%
Operating result €113k, net result €113k, both a record.
2023
13-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 135 days late
2022
31-12
Financial
Weakest financial yearnet €11k ▼78.3%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
08-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
2019
02-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
07-04
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Liège · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Vieille-Montagne 224000 LiègeGround area
989 m²
Building footprint
244 m²
Volume, LiDAR
3,596 m³
Parcel 62810B0493/00D009, Wallonia · tallest building 20.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CENTRE THERAPEUTIQUE ET AIDE EDUCATIVE
since 20062.154.940.914
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62810B0493/00D009 | Wallonia | 989 m² | 1 · 244 m² | 20.4 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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MINI-ME
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VICTOR
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Roeselare · Eq €1.76M
Of 46 companies in sector 88105 we hold annual accounts for 21. 16 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formNon-profit association
Founded04-04-1968
Fiscal year end31-12
Activities, NACEBEL
88105Social work activities without accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.