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VLEESWAREN CORMA

Active
Public limited companyfounded 198045 yrs activeHaenhoutstraat 210, 9070 Destelbergen, BelgiumKBO/BCE: BE 0421.155.291
Summary

The computed 12-month bankruptcy probability of VLEESWAREN CORMA is 3.2% (moderate). The 2024 annual accounts show equity of €1.8m and a net result of -€201,672. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 23% of 871 sector peers (fiscal year 2024). The company has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
VLEESWAREN CORMAActiveChecked score 49/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of food products
NACE 10130NACE 15131
#3 oldest company in Destelbergen, Manufacturing sector1 site
Size
€13.4mturnover 2024
Staff
38.2 FTE
Equity
€1.8m
Loss
-€201,672
Financial health
49 Fair Checked score 2024
Bankruptcy chance 12 m
3.2%
Structure
Parent
GANDA · 98.23%
Holdings
2
Accounts 64 d overdue0 of 9 deeds read
Why 49- Figures for FY 2024 (filed 16-07-2025)- Liquidity: current ratio 0.96, cash €639,364- Equity €1.8m (17.6% of total assets)- Size: turnover €13.4m, 38.2 FTE, total assets €10.1mShow the evidence

Checked score

Score 2024
49 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 23% of its sector peers (NACE 10, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Weak
Solvency 43-1
equity 17.6% of total assets
Liquidity 21+3
short-term debt 68.7% · cash 6.3%
Profitability 27-6
return on assets -2.0%
Bankruptcy probability, 12 months
3.2% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (623 companies)
Last 24 months 11-2024: 1.9% 12-2024: 1.9%● 0.0% vs 11-2024 01-2025: 1.9%● 0.0% vs 12-2024 02-2025: 1.8%▼ -3.0% vs 01-2025 03-2025: 1.8%▼ -0.9% vs 02-2025 04-2025: 1.8%● 0.0% vs 03-2025 05-2025: 1.8%▲ +0.5% vs 04-2025 06-2025: 1.8%▲ +0.4% vs 05-2025 07-2025: 2.1%▲ +13.4% vs 06-2025 08-2025: 1.1%▼ -44.7% vs 07-2025 09-2025: 1.1%● 0.0% vs 08-2025 10-2025: 1.1%● 0.0% vs 09-2025 11-2025: 1.1%● 0.0% vs 10-2025 12-2025: 1.1%● 0.0% vs 11-2025 01-2026: 1.1%● 0.0% vs 12-2025 02-2026: 1.1%▼ -3.2% vs 01-2026lowest value 03-2026: 1.1%● 0.0% vs 02-2026lowest value 04-2026: 1.1%▲ +1.7% vs 03-2026 05-2026: 1.1%▲ +1.2% vs 04-2026 06-2026: 1.2%▲ +2.1% vs 05-2026 07-2026: 1.2%▲ +0.7% vs 06-2026 08-2026: 1.9%▲ +63.7% vs 07-2026 09-2026: 2.3%▲ +22.7% vs 08-2026 10-2026: 3.2%▲ +37.8% vs 09-2026highest value
  • Figures for FY 2024 (filed 16-07-2025) raises the probability
  • Liquidity: current ratio 0.96, cash €639,364 raises the probability
  • Equity €1.8m (17.6% of total assets) raises the probability
  • Size: turnover €13.4m, 38.2 FTE, total assets €10.1m raises the probability for this profile
Credit up to €85,000 at 30 days acceptable
Liquidity short (current ratio 0.96 against 1.05 in 2023; short-term debt: 68.7% and cash: 6.3% of total assets), and 82.4% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 10, small). Better than this share of them on solvency 23%, liquidity 14%, profitability 12%, growth against the median 42%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Figures for FY 2024 (filed 16-07-2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.96, cash €639,364
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €1.8m (17.6% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Size: turnover €13.4m, 38.2 FTE, total assets €10.1m
In the bankruptcy model this factor raises the probability for this profile.
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
18192021222324
2018 to 2024 · latest year -€201,672
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 871 sector peers (2024).
NBB · sector comparison
Position among 871 sector peers
Solvency
better than 23%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
16 d early
2023
49 d early
2022
12 d early
2021
31 d late
2020
17 d late
2019
19 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · full…
  2. Weakest financial yearnet -€201,672
  3. Annual accounts filedfiscal year 2023 · full…

Key points

  • Risk: 3 loss-making years in a rowloss fiscal year 2024 -€201,672 View
  • Caution: Result fell in 2024from -€44,480 to -€201,672 ▼ 353% View
  • Caution: Among the weakest 10% on net resultsector median €108,493 · 873 companies -€201,672 View
  • Caution: Accounts not fileddeadline was 31-07-2026 64 d late View
  • Controlled by GANDAknown shareholders 100% 98.23% View
  • Active since 1980founded 24-11-1980 45 years View

By topic

Financials

Fiscal year
2024
Turnover
€13.4m
Loss
-€201,672
Solvency
17.6%
Turnover▲ 5.7%
Net result
20182024
Go to Financials

Timeline

Events
17
Since
2014
  1. 15-07-2025Annual accounts filed
  2. 31-12-2024Weakest financial year
  3. 12-06-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of food productsNACE 10130
Founded
24-11-1980
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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