Result
€136,909 €136,909
Back in profit in 2025, after a loss of €89,391 in 2024.
Résidence les Corettes
Lifetime
9 annual accounts with figures on one time axispeak €247,410 (2023)
€184,917▲ €233,815
lowest -€89,391 (2024)
€136,909▲ €226,300
peak €59,541 (2025)
€59,541▲ €136,909
€559,163▼ 34.4%
Board2 names since 2018
1 directorGroup Real Estate
Owners
Documentsfilings and deeds
15-10-202676 days late
2025micro format
Gross margin from -€48,898 to €184,917Back to profit: €136,909Equity from -€77,368 to €59,541Debts from €852,177 to €559,163Cash from €14 to €34,692
Key points
from the 2025 annual accountsChecked score
55
Fair
Financially stronger than 49% of micro companies in construction of buildings (NACE 41)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,460 companies (NACE 41, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 8.8%
01-2025: 10.6%▲ +1.8 percentage points vs 12-2024highest value
02-2025: 10.6%● unchanged vs 01-2025highest value
03-2025: 2.7%▼ -7.9 percentage points vs 02-2025
04-2025: 2.7%● unchanged vs 03-2025
05-2025: 2.7%● unchanged vs 04-2025
06-2025: 3.0%▲ +0.3 percentage points vs 05-2025
07-2025: 3.1%▲ +0.1 percentage points vs 06-2025
08-2025: 3.7%▲ +0.6 percentage points vs 07-2025
09-2025: 4.0%▲ +0.3 percentage points vs 08-2025
10-2025: 5.4%▲ +1.4 percentage points vs 09-2025
11-2025: 7.3%▲ +1.9 percentage points vs 10-2025
12-2025: 7.3%● unchanged vs 11-2025
01-2026: 7.3%● unchanged vs 12-2025
02-2026: 7.3%● unchanged vs 01-2026
03-2026: 7.3%● unchanged vs 02-2026
04-2026: 7.1%▼ -0.2 percentage points vs 03-2026
05-2026: 6.8%▼ -0.3 percentage points vs 04-2026
06-2026: 6.6%▼ -0.2 percentage points vs 05-2026
07-2026: 6.2%▼ -0.4 percentage points vs 06-2026
08-2026: 6.5%▲ +0.3 percentage points vs 07-2026
09-2026: 6.4%▼ -0.1 percentage points vs 08-2026
10-2026: 1.7%▼ -4.7 percentage points vs 09-2026lowest value
11-2026: 1.7%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Last filed accounts filed 76 days late; 3 of the last 3 accounts late
Sector: Construction of residential and non-residential buildings (NACE 41)
Equity €59,541 (9.6% of total assets)
lowers risk
Size: total assets €618,704
Calculation
The band follows from the bankruptcy probability. 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 41, micro). It does better than 18% of them on solvency, 7% on liquidity, 77% on profitability and 93% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 536 companies had the same profile as Résidence les Corettes has now. Each dot stands for 2 companies, two years later.
95.9%
were still trading
3.4%
stopped another way
0.7%
went bankrupt
The bankruptcy probability of Résidence les Corettes itself is higher: 1.7% within 12 months. It rests on far more data about Résidence les Corettes than the profile alone.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 536 companies, not a prediction for Résidence les Corettes. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €3,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.11 (0.91 in 2024), below the usual 1.5. Short-term debt is 90.2% and cash 5.6% of total assets. 90.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9471 sector peers (2025).
NBB · sector comparisonPosition among 9471 sector peers
Solvency
better than 18%
← weakest
strongest →
raises risk · 2025 accounts filed 76 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-10-2026, 76 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 · 9 filingsDeviation from the deadline
2025
76 days late
2024
60 days late
2023
195 days late
2022
29 days late
2021
165 days late
2020
33 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 93 days after the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% 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 15 October (4 of the last 5 accounts filed within 89 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- GROUP REAL ESTATE 98%score 52equity -€216,136 (2025) · 30-06-2025 annual accounts of GROUP REAL ESTATE
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0653720414
New sole manager
GROUP REAL ESTATE appointed, Rukiye ULUSOY resigned · Permanent representative: Nuri DIKILI · General meeting of 14-02-2019 · Gazette deed
Annee Comptable
Group Real Estate holds 98 shares · Nuri DIKILI holds 1 share · Rukiye ULUSOY holds 1 share · General meeting of 22-12-2017 · Gazette deed
Incorporation
published on 04-05-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Résidence les Corettes Libramont-Chevigny | €618,704 | €184,917 | 9.6% | - |
| PIOTR RENOVATION Tenneville | €659,948 | €157,269 | 23.1% | - |
| AZ RENOVATIE Antwerp | €628,199 | €180,171 | 36.8% | 0 |
| APSB Wommelgem | €618,204 | €199,917 | 49.7% | - |
| DEGROOT BOUWWERKEN Gingelom | €672,705 | €188,951 | 49.8% | - |
| Renisol Badkamerrenovaties Grobbendonk | €685,207 | €186,980 | 13.0% | 2 |
| BOUWWERKEN LEFEVER Ledegem | €619,537 | €218,231 | 74.0% | - |
These companies have the same main activity as Résidence les Corettes: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €618,000 and €685,000, founded between 2015 and 2016.
Official details
Source: KBO- Status
- Active since 02-05-2016Normal situation
- Activity
- General construction of residential buildingsNACE 41001
- Establishment unit
- 2.256.186.7426800 Libramont-Chevigny, since 02-05-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 09-10-2025
Insights on Résidence les Corettes
Résidence les Corettes files the micro format. That format states no turnover. The gross margin rose from -€4,942 in 2017 to €184,917 in 2025.
GROUP REAL ESTATE holds 98% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Résidence les Corettes
- What is the company number of Résidence les Corettes?
- The company number of Résidence les Corettes is 0653.720.414. The VAT number is the same number with BE in front: BE 0653.720.414.
- Where is Résidence les Corettes based?
- The registered office is at Recogne,Rue du Flosse 22, 6800 Libramont-Chevigny.Company details
- What does Résidence les Corettes do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of Résidence les Corettes?
- Résidence les Corettes is a private limited company (pre-2019) (BVBA).
- When was Résidence les Corettes founded?
- Résidence les Corettes was founded on 02-05-2016.
- Is Résidence les Corettes still active?
- Yes, Résidence les Corettes is an active enterprise in the KBO register.
- What is the turnover of Résidence les Corettes?
- The turnover in financial year 2025 is ≈ €610,000. This figure is estimated from the gross margin of €184,917 and 97 comparable companies (NACE 41001). It probably lies between €430,000 and €940,000.Financials
- Is Résidence les Corettes profitable?
- In financial year 2025, Résidence les Corettes made a profit of €136,909.
- Where can I find the annual accounts of Résidence les Corettes?
- Résidence les Corettes filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Résidence les Corettes due?
- Résidence les Corettes must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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