Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 1 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2023; threshold 65 %.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
CORCA from Ieper, company number BE0442566161, closed financial year 2023 with a result of € -63,624 after tax. For that financial year CORCA recorded a gross margin of € 37,116 and equity of € -12,374. Compared with financial year 2022, the result moved from € -39,779 to € -63,624. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 6, 2024.
€ -12,374
▼ € 63,624 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -63,624
▼ 60 % more loss than in 2022
Profit after tax over the fiscal year.
€ 123
▼ 26% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -114,374.
People and assets in 2023
€ 52,469
▲ 76% vs 2022
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2023
€ 78,572
▼ 62% vs 2022
€ 15,399 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 112,797
▲ 59% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 136,777
▲ 146% vs 2022
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € -6,765 | € 45,341 | € 37,116 | ▼ 18% |
| Profit after taxes | € 5,877 | € -39,779 | € -63,624 | ▼ € 23,845 |
| Equity | € 91,028 | € 51,250 | € -12,374 | ▼ € 63,624 |
| Total debts | € 540,358 | € 443,348 | € 438,648 | ▼ 1% |
| Cash | € 2,414 | € 165 | € 123 | ▼ 26% |
| Land & buildings | € 89,810 | € 84,189 | € 78,567 | ▼ 7% |
| Retained profit | € -10,972 | € -50,750 | € -114,374 | ▼ € 63,624 |
| Bank debt | € 205,601 | € 205,601 | € 78,572 | ▼ 62% |
| Balance sheet total | € 631,386 | € 494,597 | € 426,274 | ▼ 14% |
Key figures of CORCA, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to CORCA?
What happened at CORCA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
CORCA is active according to the CBE. Legal situation: Opening faillissement.
- Cathelin Neyens stepped down as director. NBB
- Catherine Charlet stepped down as director. NBB
- Leopoldine Neyens stepped down as director. NBB
- New annual accounts for financial year 2023: loss of € 63,624. filed late Source: NBB ↗
- Cathelin Neyens became a director. NBB
- Catherine Charlet became a director. NBB
- Leopoldine Neyens became a director. NBB
- New establishment in Ieper. KBO
In short
From € 5,877 profit in 2021 to € 63,624 loss in 2023.
Best year ever: 2021, with € 5,877 profit.
Management
Directors
According to the 2023 annual accounts
Cathelin Neyens
Director
since 2019 · until 2025
Catherine Charlet
Managing director
since 2019 · until 2025
Leopoldine Neyens
Director
since 2019 · until 2025
Establishments
Establishment units
Physical locations of this company
Grote Markt 15
8900 Ieper
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0442.566.161
- VAT number
- BE 0442.566.161
- Registered office
- Grote Markt 15, 8900 Ieper
- Names & denominations
- CORCA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 19 December 1990
- Peppol
- Not registered
- Activities · NACE
Detailhandel in schoeisel
Cafés
Activiteiten van eetgelegenheden met volledige bediening
Cafés en bars
Eetgelegenheden met volledige bediening