CORTEN
ActiveSummary
The computed 12-month bankruptcy probability of CORTEN is 1.5% (moderate). The 2025 annual accounts show negative equity (€-79k) and a net result of €793. Equity is shrinking by ~37.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 13417 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability34▼-37
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.58 against 3.33 in 2024; short-term debt: 36.6% and cash: 28.5% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 56
Relative position
BE, all sectors
reference
Food and beverage service activities (NACE 56)
about 206% more bankruptcies
← 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-133%
Return on assets
1.3%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 13417 sector peers (2025).
NBB · sector comparisonPosition among 13417 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
22 d early
2023
30 d early
2022
24 d early
2021
32 d early
2020
4 d early
2019
10 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-79k▲ 1.0%
2024 · €-79k
2018: €19khighest in 8 years
2019: €-2k▼ -111% vs 2018
2020: €-15k▼ -591% vs 2019
2021: €-36k▼ -149% vs 2020
2022: €-48k▼ -32.3% vs 2021
2023: €-88k▼ -82.0% vs 2022lowest in 8 years
2024: €-79k▲ +9.4% vs 2023
2025: €-79k▲ +1.0% vs 2024
2018 → 2025
Total assets
€59k▲ 17.1%
2024 · €50k
2018: €165khighest in 8 years
2019: €147k▼ -10.9% vs 2018
2020: €111k▼ -24.4% vs 2019
2021: €106k▼ -4.9% vs 2020
2022: €93k▼ -12.4% vs 2021
2023: €48k▼ -48.2% vs 2022lowest in 8 years
2024: €50k▲ +5.3% vs 2023
2025: €59k▲ +17.1% vs 2024
2018 → 2025
Net result
€793▼ 90.4%
2024 · €8k
2018: €-38k
2019: €-21k▲ +44.5% vs 2018
2020: €-12k▲ +40.8% vs 2019
2021: €-22k▼ -74.7% vs 2020
2022: €-12k▲ +46.0% vs 2021
2023: €-39k▼ -235% vs 2022lowest in 8 years
2024: €8k▲ +121% vs 2023highest in 8 years
2025: €793▼ -90.4% vs 2024
2018 → 2025
Working capital
€34k▲ 6.1%
2024 · €32k
2018: €51k
2019: €57k▲ +11.3% vs 2018highest in 8 years
2020: €56k▼ -1.2% vs 2019
2021: €47k▼ -15.4% vs 2020
2022: €51k▲ +6.8% vs 2021
2023: €24k▼ -52.9% vs 2022lowest in 8 years
2024: €32k▲ +35.3% vs 2023
2025: €34k▲ +6.1% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-36k-€-48k▼ 32.3%€-88k▼ 82.0%€-79k▲ 9.4%€-79k▲ 1.0%
2021: €-36khighest in 5 years
2022: €-48k▼ -32.3% vs 2021
2023: €-88k▼ -82.0% vs 2022lowest in 5 years
2024: €-79k▲ +9.4% vs 2023
2025: €-79k▲ +1.0% vs 2024
Operating result€-21k-€-9k▲ 57.0%€-35k▼ 287%€12k€4k▼ 64.8%
2021: €-21k
2022: €-9k▲ +57.0% vs 2021
2023: €-35k▼ -287% vs 2022lowest in 5 years
2024: €12k▲ +134% vs 2023highest in 5 years
2025: €4k▼ -64.8% vs 2024
Net result€-22k-€-12k▲ 46.0%€-39k▼ 235%€8k€793▼ 90.4%
2021: €-22k
2022: €-12k▲ +46.0% vs 2021
2023: €-39k▼ -235% vs 2022lowest in 5 years
2024: €8k▲ +121% vs 2023highest in 5 years
2025: €793▼ -90.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €59k
Fixed assets
€3k ▼ 26.2%
Current assets
€56k ▲ 21.3%
Key figures and ratios
EBITDA
€5k▼
2024 · €13k
Cash flow
€2k▼
2024 · €10k
Solvency
-133.0%▲
2024 · -157.3%
Current ratio
2.58▼
2024 · 3.33
Quick ratio
1.32▼
2024 · 1.36
Debt to equity
-1.75▼
2024 · -1.64
ROA
1.3%▼
2024 · 16.4%
Interest coverage
1.65▼
2024 · 3.78
Debt
€138k▲
2024 · €130k
Debt ≤ 1 year
€22k▲
2024 · €14k
Debt > 1 year
€116k=
2024 · €116k
Income taxes
€152▼
2024 · €157
Staff costs
€49k▲
2024 · €47k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€50k€59k▲
Fixed assets21/28€4k€3k▼
Intangible fixed assets21€1k€528▼
Tangible fixed assets22/27€1k€1k▼
Plant, machinery and equipment23€619€477▼
Other tangible fixed assets26€775€550▼
Financial fixed assets28€2k€2k▲
Current assets29/58€46k€56k▲
Stocks and contracts in progress3€27k€27k=
Stocks30/36€27k€27k=
Amounts receivable within one year40/41€4k€4k▼
Trade receivables40€4k€4k▼
Other amounts receivable41€11€35▲
Current investments50/53€3k€3k▲
Cash at bank and in hand54/58€7k€17k▲
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€50k€59k▲
Equity10/15€-79k€-79k▲
Contributions10/11€19k€19k=
Reserves13€16k€16k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€14k€14k=
Profit (loss) carried forward14€-114k€-113k▲
Amounts payable17/49€130k€138k▲
Amounts payable after more than one year17€116k€116k=
Other amounts payable178/9€116k€116k=
Amounts payable within one year42/48€14k€22k▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€5k€7k▲
Taxes450/3€986€1k▲
Remuneration and social security454/9€4k€6k▲
Other amounts payable47/48€7k€11k▲
Income statement
Code20242025
Remuneration, social security and pensions62€47k€49k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼
Other operating charges640/8€3k€3k▲
Gross operating margin9900€63k€57k▼
Operating profit (loss)9901€12k€4k▼
Financial income75/76B€67€26▼
Recurring financial income75€67€26▼
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€8k€944▼
Income taxes67/77€157€152▼
Profit (loss) for the period9904€8k€793▼
Profit (loss) for the period to be appropriated9905€8k€793▼
Appropriation of the result
Profit (loss) to be appropriated9906€-114k€-113k▲
Profit (loss) brought forward from the previous period14P€-122k€-114k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €36k | €44k | €46k | €47k | €49k | ▲ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17k | €16k | €14k | €1k | €1k | ▼ 9.5% |
| Other operating charges640/8 | €2k | €3k | €3k | €3k | €3k | ▲ 3.1% |
| Gross operating margin9900 | €34k | €54k | €27k | €63k | €57k | ▼ 9.9% |
| Operating profit (loss)9901 | €-21k | €-9k | €-35k | €12k | €4k | ▼ 64.8% |
| Financial income75/76B | €10 | €9 | €12 | €67 | €26 | ▼ 61.4% |
| Recurring financial income75 | €10 | €9 | €12 | €67 | €26 | ▼ 61.4% |
| Financial charges65/66B | €564 | €2k | €4k | €3k | €3k | ▼ 6.7% |
| Recurring financial charges65 | €564 | €2k | €4k | €3k | €3k | ▼ 6.7% |
| Profit (loss) for the period before taxes9903 | €-22k | €-12k | €-39k | €8k | €944 | ▼ 88.8% |
| Income taxes67/77 | €102 | €265 | €143 | €157 | €152 | ▼ 3.5% |
| Profit (loss) for the period9904 | €-22k | €-12k | €-39k | €8k | €793 | ▼ 90.4% |
| Profit (loss) for the period to be appropriated9905 | €-22k | €-12k | €-39k | €8k | €793 | ▼ 90.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €106k | €93k | €48k | €50k | €59k | ▲ 17.1% |
| Fixed assets21/28 | €32k | €17k | €5k | €4k | €3k | ▼ 26.2% |
| Intangible fixed assets21 | €3k | €2k | €2k | €1k | €528 | ▼ 60.7% |
| Tangible fixed assets22/27 | €27k | €13k | €1k | €1k | €1k | ▼ 26.4% |
| Land and buildings22 | €24k | €12k | €0 | - | - | - |
| Plant, machinery and equipment23 | €4k | €1k | €201 | €619 | €477 | ▼ 23.0% |
| Furniture and vehicles24 | €0 | - | - | - | - | - |
| Other tangible fixed assets26 | €0 | - | €1k | €775 | €550 | ▼ 29.1% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | ▲ 0.4% |
| Current assets29/58 | €73k | €75k | €43k | €46k | €56k | ▲ 21.3% |
| Stocks and contracts in progress3 | €29k | €27k | €27k | €27k | €27k | = |
| Stocks30/36 | €29k | €27k | €27k | €27k | €27k | = |
| Amounts receivable within one year40/41 | €2k | €424 | €4k | €4k | €4k | ▼ 1.3% |
| Trade receivables40 | €2k | €424 | €3k | €4k | €4k | ▼ 1.9% |
| Other amounts receivable41 | €201 | €0 | €925 | €11 | €35 | ▲ 224% |
| Current investments50/53 | €23k | €23k | €2k | €3k | €3k | ▲ 0.4% |
| Cash at bank and in hand54/58 | €16k | €21k | €5k | €7k | €17k | ▲ 142% |
| Deferred charges and accrued income490/1 | €4k | €4k | €5k | €5k | €5k | ▼ 0.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €106k | €93k | €48k | €50k | €59k | ▲ 17.1% |
| Equity10/15 | €-36k | €-48k | €-88k | €-79k | €-79k | ▲ 1.0% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €16k | €16k | €16k | €16k | €16k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €14k | €14k | €14k | €14k | €14k | = |
| Profit (loss) carried forward14 | €-71k | €-83k | €-122k | €-114k | €-113k | ▲ 0.7% |
| Amounts payable17/49 | €142k | €141k | €136k | €130k | €138k | ▲ 6.0% |
| Amounts payable after more than one year17 | €116k | €116k | €116k | €116k | €116k | = |
| Other amounts payable178/9 | €116k | €116k | €116k | €116k | €116k | = |
| Amounts payable within one year42/48 | €26k | €25k | €20k | €14k | €22k | ▲ 56.7% |
| Trade debts44 | €9k | €7k | €3k | €2k | €3k | ▲ 31.5% |
| Suppliers440/4 | €9k | €7k | €3k | €2k | €3k | ▲ 31.5% |
| Advances received on contracts in progress46 | €2k | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €3k | €5k | €3k | €5k | €7k | ▲ 52.0% |
| Taxes450/3 | - | €341 | €143 | €986 | €1k | ▲ 39.7% |
| Remuneration and social security454/9 | €3k | €5k | €3k | €4k | €6k | ▲ 55.4% |
| Other amounts payable47/48 | €12k | €13k | €13k | €7k | €11k | ▲ 69.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-22k | €-12k | €-39k | €8k | €793 | ▼ 90.4% |
| + Depreciation and write-downs630 | €17k | €16k | €14k | €1k | €1k | ▼ 9.5% |
| Operating cash flow (approximation) | €-5k | €4k | €-26k | €10k | €2k | ▼ 79.4% |
| Investment in fixed assets (approximation) | - | €-595 | €-1k | €-1k | €-7 | ▲ 99.4% |
| Change in cash | - | €5k | €-15k | €2k | €10k | ▲ 417% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €8k
Net result €8k after 6 loss-making years.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-39k
Net result drops to €-39k, the lowest in the series; recovery starts the following year.
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 10 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Lille · 1 establishment unit since 2005
Ground area
675 m²
Building footprint
335 m²
Volume, LiDAR
1,990 m³
Parcel 13009C0625/00K000, Flanders · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CORTEN
since 20052.149.891.469
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13009C0625/00K000 | Flanders | 675 m² | 1 · 335 m² | 10.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
1 siteLille2.149.891.469
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Of 21,853 companies in sector 56112 we hold annual accounts for 9,776. 8,010 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-11-1990
Fiscal year end31-12
Activities, NACEBEL 2025
47300Retail sale of automotive fuel
56112Limited-service restaurants, excluding mobile food services
Scores and ratios are computed by Checked and are not a credit decision.