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Core2Life

Active
Private limited company·Sport- en recreatieonderwijs· 4 yrs active
Zuiderring 25 ·3600 Genk, Belgium
KBO/BCE: BE 0783.509.679
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age4 yrs
Real estate2 parcels · 4,668 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Core2Life is 0.9% (low). The 2023 annual accounts show negative equity (€-10k) and a net result of €-5k. Its solvency ranks better than 10% of 652 sector peers (fiscal year 2023). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.9% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Annual accounts: weaker financial profile +Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence
Negative equity
Equity is negative for financial year 2023: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
View the annual accounts

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Annual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 377 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-12-2024, 153 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 31-12-2024 153 d late 2025-00629944
31-12-2022 31-07-2023 29-07-2023 2 d early 2023-00289666

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

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.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-5k+57.8%
Working capital€-20k+4.5%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 31-12-2024 with the NBB · fiscal year 2023 · micro
€-15k€-10k€-5k€0Operating result 2022: €-11k€-11kNet result 2022: €-11k€-11kOperating result 2023: €-4k€-4kNet result 2023: €-5k€-5k20222023
Operating resultNet result
Sector comparison
Fiscal year 2023 · NACE 85 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -67.2% 38.6%
better than 10% of 652 sector peers
Net result €-5k €5k
better than 22% of 648 sector peers
Equity €-10k €16k
better than 11% of 652 sector peers
Gross operating margin €-3k €15k
better than 14% of 648 sector peers
Total assets €15k €53k
better than 18% of 652 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-3k
+67.4% 22-23
Net profit
€-5k
+57.8% 22-23
Cash flow
€-4k
+63.7% 22-23
Total assets
€15k
-1.9% 22-23
Equity
€-10k
-78.5% 22-23
Working capital
€-20k
+4.5% 22-23
Debt
€26k
+19.8% 22-23
Debt ≤ 1y
€21k
-2.0% 22-23
Debt > 1y
€5k
- 22-23
Current ratio
0.05
+85.0% 22-23
Quick ratio
0.05
+85.0% 22-23
Solvency
-67.2%
-82.0% 22-23
Debt / equity
-2.49
+32.9% 22-23
ROE
44.0%
-76.3% 22-23
ROA
-29.5%
+56.9% 22-23
Interest coverage
-8.66
+96.9% 22-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA€-3k
Net profit€-5k
Cash flow€-4k
Staff costs-
Income taxes-
Dividends-
Total assets€15k
Equity€-10k
Debt€26k
of which ≤ 1y€21k
of which > 1y€5k
Working capital€-20k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.05
Quick ratio0.05
Working capital ratio-127.7%
Solvency-67.2%
Debt / equity-2.49
Long-term debt ratio-0.48
Interest coverage-8.66
Gross margin-
Net margin-
ROA-29.5%
ROE44.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€15k
Fixed assets 21/28€14k
Tangible fixed assets 22/27€3k
Financial fixed assets 28€12k
Current assets 29/58€1k
Cash & bank 54/58€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€15k
Equity 10/15€-10k
Contributions / capital 10/11€5k
Accumulated profits (losses) 14€-15k
Amounts payable 17/49€26k
Amounts payable after one year 17€5k
Amounts payable within one year 42/48€21k
Trade debts payable within one year 44€11k
Income statement
Gross operating margin 9900€-3k
Operating result 9901€-4k
Financial charges 65€391
Result before taxes 9903€-5k
Net result for the period 9904€-5k
Result to be appropriated 9905€-5k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
15 / 100 Critical
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
3 companies at this address See who is registered here

Establishment units

1 location
Core2Life
Weg naar As 17, 3600 GenkOverige kleinhandel in voedings- en genotmiddelen in gespecialiseerde winkels, n.e.g.
since 20222.329.230.316
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area4,668 m²
Buildings2
Building footprint1,856 m²
Volume (LiDAR)14,226 m³
Tallest building24.7 m · ±7 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

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.

Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71305F0964/00G000 Flanders 2,631 m² 1 · 1,120 m² 6.7 m · 1 fl.
71016I1411/00V007 Flanders 2,037 m² 1 · 737 m² 24.7 m · 7 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

2 acts
Address history · 2
02-04-2024
Registered-office move
03-10-2023
Registered-office move
All acts · 2 updated 2 years ago
2024
02-04-2024 Registered office moved within Genk Registered-office change
  • Smeilstraat 43, 3600 Genk → Zuiderring 25/3, 3600 Genk
2023
03-10-2023 Registered office moved from Zutendaal to Genk Registered-office change
  • O.-L.-Vrouwestraat 15 bus B, 3690 Zutendaal → Smeilstraat 43, 3600 Genk

Analysis

Snowflake analysis

financial profile on 5 axes
Health15Profitability100Solvency33Growth58Stability94
60 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 15
Profitability 100
Solvency 33
Growth 58
Stability 94

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Credit advice

verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Same sector and region
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 260 of the 13,435 companies in this sector.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Sport- en recreatieonderwijs85510Sport- en recreatieonderwijs85510
Primary activity highlighted.
Names & trade names
Legal nameNL Core2Life
Registered office
Zuiderring 25 bus 3
3600 Genk, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.