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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Tight liquidity NBB
Cash and receivables cover 57 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CORRAD from Beernem, company number BE0778398472, closed financial year 2025 with a result of € 845,869 after tax. For that financial year CORRAD recorded a gross margin of € 1.3 million and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 1 million to € 845,869. The company is profitable. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2026.
€ 1.4 million
▼ 34% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 845,869
▼ 16% vs 2024
Profit after tax over the fiscal year.
€ 415,796
▲ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.6 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
€ 82,883
▲ 102% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 8% vs 2024
€ 259,688 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1,376
▲ 266% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 574,986 | € 1,244,220 | € 1,474,799 | € 1,283,223 | ▼ 13% |
| Profit after taxes | € 331,293 | € 755,858 | € 1,009,513 | € 845,869 | ▼ 16% |
| Equity | € 341,293 | € 1,097,151 | € 2,106,664 | € 1,387,533 | ▼ 34% |
| Total debts | € 988,974 | € 1,893,464 | € 1,585,211 | € 2,432,873 | ▲ 53% |
| Cash | € 508,495 | € 941,248 | € 412,458 | € 415,796 | ▲ 1% |
| Land & buildings | € 217,361 | € 501,776 | € 537,674 | € 713,569 | ▲ 33% |
| Retained profit | € 331,293 | € 1,087,151 | € 2,096,664 | € 1,377,533 | ▼ 34% |
| Dividend | € 0 | € 0 | € 0 | € 1,565,000 | |
| Bank debt | € 620,140 | € 1,305,836 | € 1,242,651 | € 1,137,879 | ▼ 8% |
| Balance sheet total | € 1,330,267 | € 2,990,615 | € 3,691,875 | € 3,820,406 | ▲ 3% |
Key figures of CORRAD, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to CORRAD?
What happened at CORRAD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 845,869 (▼ 16% vs 2024). filed late Source: NBB ↗
- New establishment in Beernem. KBO
- Pieter Ghijselinck became a director. NBB
- Barbara Geeroms became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 331,293 profit in 2022 to € 845,869 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2024, with € 1 million profit.
Paid out € 1.6 million in dividends to the owners in total.
Management
Behind CORRAD are Pieter Ghijselinck and Barbara Geeroms. It owns 12.5% of Radiologie MIRAGE itself.
Directors
According to the 2025 annual accounts
since 2021
since 2021
Establishments
Establishment units
Physical locations of this company
Stationsstraat 66
8730 Beernem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0778.398.472
- VAT number
- BE 0778.398.472
- Registered office
- Stationsstraat 66, 8730 Beernem
- Names & denominations
- CORRAD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 December 2021
- Peppol
- Active · Active since 18 Feb 2026
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