CORETEX
ActiveSummary
CORETEX has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €773k and a net result of €351k. Equity is growing by ~23% per year across the filed fiscal years. Its solvency ranks better than 24% of 8048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▼-6
Solvency43▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 1.71 against 1.63 in 2024; short-term debt: 57.5% and cash: 10.1% of total assets), but 82% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
18%
Return on assets
8.2%
Age of the figures
15 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 8048 sector peers (2025).
NBB · sector comparisonPosition among 8048 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-12-2025, 32 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
32 d early
2024
4 d late
2023
7 d early
2022
2 d early
2021
6 d early
2020
32 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€773k▲ 0.2%
2024 · €772k
2019: €113klowest in 7 years
2020: €227k▲ +101% vs 2019
2021: €478k▲ +111% vs 2020
2022: €365k▼ -23.7% vs 2021
2023: €540k▲ +48.0% vs 2022
2024: €772k▲ +43.0% vs 2023
2025: €773k▲ +0.2% vs 2024highest in 7 years
2019 → 2025
Total assets
€4.31M▲ 17.6%
2024 · €3.66M
2019: €533klowest in 7 years
2020: €675k▲ +26.5% vs 2019
2021: €784k▲ +16.2% vs 2020
2022: €1.08M▲ +37.2% vs 2021
2023: €1.73M▲ +60.3% vs 2022
2024: €3.66M▲ +112% vs 2023
2025: €4.31M▲ +17.6% vs 2024highest in 7 years
2019 → 2025
Net result
€351k▼ 27.1%
2024 · €482k
2019: €74klowest in 7 years
2020: €119k▲ +60.9% vs 2019
2021: €256k▲ +115% vs 2020
2022: €187k▼ -26.9% vs 2021
2023: €350k▲ +87.1% vs 2022
2024: €482k▲ +37.8% vs 2023highest in 7 years
2025: €351k▼ -27.1% vs 2024
2019 → 2025
Working capital
€1.77M▲ 26.9%
2024 · €1.39M
2019: €107klowest in 7 years
2020: €224k▲ +110% vs 2019
2021: €479k▲ +114% vs 2020
2022: €354k▼ -26.2% vs 2021
2023: €792k▲ +124% vs 2022
2024: €1.39M▲ +75.8% vs 2023
2025: €1.77M▲ +26.9% vs 2024highest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€478k-€365k▼ 23.7%€540k▲ 48.0%€772k▲ 43.0%€773k▲ 0.2%
2021: €478k
2022: €365k▼ -23.7% vs 2021lowest in 5 years
2023: €540k▲ +48.0% vs 2022
2024: €772k▲ +43.0% vs 2023
2025: €773k▲ +0.2% vs 2024highest in 5 years
Operating result€346k-€263k▼ 24.0%€498k▲ 89.2%€717k▲ 44.0%€564k▼ 21.4%
2021: €346k
2022: €263k▼ -24.0% vs 2021lowest in 5 years
2023: €498k▲ +89.2% vs 2022
2024: €717k▲ +44.0% vs 2023highest in 5 years
2025: €564k▼ -21.4% vs 2024
Net result€256k-€187k▼ 26.9%€350k▲ 87.1%€482k▲ 37.8%€351k▼ 27.1%
2021: €256k
2022: €187k▼ -26.9% vs 2021lowest in 5 years
2023: €350k▲ +87.1% vs 2022
2024: €482k▲ +37.8% vs 2023highest in 5 years
2025: €351k▼ -27.1% vs 2024
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.31M
Fixed assets
€64k ▲ 3.8%
Current assets
€4.24M ▲ 17.8%
Equity and liabilities €4.31M
Equity
€773k ▲ 0.2%
Debt
€3.53M ▲ 22.3%
Debt's share of the balance-sheet total rises from 78.9% to 82.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€584k▼
2024 · €730k
Cash flow
€372k▼
2024 · €496k
Current ratio
1.71▲
2024 · 1.63
Quick ratio
0.99▼
2024 · 1.10
Debt to equity
4.57▲
2024 · 3.74
ROE
45.5%▼
2024 · 62.5%
ROA
8.2%▼
2024 · 13.2%
Interest coverage
6.04▼
2024 · 9.54
Debt ≤ 1 year
€2.48M▲
2024 · €2.21M
Debt > 1 year
€1.01M▲
2024 · €653k
Income taxes
€121k▼
2024 · €159k
Staff costs
€159k▲
2024 · €78k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.66M€4.31M▲
Fixed assets21/28€62k€64k▲
Tangible fixed assets22/27€62k€64k▲
Plant, machinery and equipment23€2k€3k▲
Furniture and vehicles24€18k€29k▲
Leasing and similar rights25€42k€32k▼
Current assets29/58€3.60M€4.24M▲
Stocks and contracts in progress3€1.17M€1.80M▲
Stocks30/36€1.17M€1.80M▲
Amounts receivable within one year40/41€1.93M€1.99M▲
Trade receivables40€1.91M€1.96M▲
Other amounts receivable41€24k€39k▲
Cash at bank and in hand54/58€484k€436k▼
Deferred charges and accrued income490/1€9k€9k▲
Equity and liabilities
Total equity and liabilities10/49€3.66M€4.31M▲
Equity10/15€772k€773k▲
Contributions10/11€19k€19k=
Reserves13€750k€750k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€750k€750k=
Profit (loss) carried forward14€3k€4k▲
Amounts payable17/49€2.89M€3.53M▲
Amounts payable after more than one year17€653k€1.01M▲
Financial debts170/4€337k€696k▲
Other amounts payable178/9€316k€316k=
Amounts payable within one year42/48€2.21M€2.48M▲
Current portion of amounts payable after more than one year42€18k€123k▲
Financial debts43€700k€300k▼
Credit institutions430/8€700k€300k▼
Trade debts44€1.38M€1.62M▲
Suppliers440/4€1.38M€1.62M▲
Taxes, remuneration and social security45€62k€37k▼
Taxes450/3€48k€7k▼
Remuneration and social security454/9€15k€30k▲
Other amounts payable47/48€50k€399k▲
Accrued charges and deferred income492/3€30k€45k▲
Income statement
Code20242025
Non-recurring operating income76A€3k€0▼
Remuneration, social security and pensions62€78k€159k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€20k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€13k
Other operating charges640/8€4k€16k▲
Non-recurring operating charges66A€142€0▼
Gross operating margin9900€813k€771k▼
Operating profit (loss)9901€717k€564k▼
Financial income75/76B€964€5k▲
Recurring financial income75€964€5k▲
Financial charges65/66B€77k€97k▲
Recurring financial charges65€77k€97k▲
Profit (loss) for the period before taxes9903€641k€472k▼
Income taxes67/77€159k€121k▼
Profit (loss) for the period9904€482k€351k▼
Profit (loss) for the period to be appropriated9905€482k€351k▼
Appropriation of the result
Profit (loss) to be appropriated9906€501k€354k▼
Profit (loss) brought forward from the previous period14P€19k€3k▼
Transfer to equity691/2€248k€0▼
To other reserves6921€248k€0▼
Profit to be distributed694/7€250k€350k▲
Return on contributions (dividend)694€250k€350k▲
Social balance
Average headcount (FTE)90871.42.5▲
The notes to these accounts (24 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €7k | €0 | €3k | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €19k | €41k | €78k | €159k | ▲ 103% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9k | €10k | €10k | €14k | €20k | ▲ 51.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €-923 | €0 | - | €13k | - |
| Other operating charges640/8 | - | €2k | €2k | €4k | €16k | ▲ 281% |
| Non-recurring operating charges66A | - | - | - | €142 | €0 | ▼ 100% |
| Gross operating margin9900 | €389k | €293k | €552k | €813k | €771k | ▼ 5.1% |
| Operating profit (loss)9901 | €346k | €263k | €498k | €717k | €564k | ▼ 21.4% |
| Financial income75/76B | - | €234 | €2k | €964 | €5k | ▲ 449% |
| Recurring financial income75 | €600 | €234 | €2k | €964 | €5k | ▲ 449% |
| Financial charges65/66B | - | €18k | €36k | €77k | €97k | ▲ 26.3% |
| Recurring financial charges65 | €9k | €18k | €36k | €77k | €97k | ▲ 26.3% |
| Profit (loss) for the period before taxes9903 | €338k | €245k | €464k | €641k | €472k | ▼ 26.4% |
| Income taxes67/77 | €82k | €58k | €114k | €159k | €121k | ▼ 24.1% |
| Profit (loss) for the period9904 | €256k | €187k | €350k | €482k | €351k | ▼ 27.1% |
| Profit (loss) for the period to be appropriated9905 | €256k | €187k | €350k | €482k | €351k | ▼ 27.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €784k | €1.08M | €1.73M | €3.66M | €4.31M | ▲ 17.6% |
| Fixed assets21/28 | €6k | €36k | €44k | €62k | €64k | ▲ 3.8% |
| Tangible fixed assets22/27 | €6k | €36k | €44k | €62k | €64k | ▲ 3.8% |
| Plant, machinery and equipment23 | - | €3k | €2k | €2k | €3k | ▲ 33.6% |
| Furniture and vehicles24 | - | €34k | €26k | €18k | €29k | ▲ 64.0% |
| Leasing and similar rights25 | - | €0 | €17k | €42k | €32k | ▼ 23.1% |
| Current assets29/58 | €778k | €1.04M | €1.68M | €3.60M | €4.24M | ▲ 17.8% |
| Stocks and contracts in progress3 | €219k | €430k | €857k | €1.17M | €1.80M | ▲ 53.7% |
| Stocks30/36 | - | €430k | €857k | €1.17M | €1.80M | ▲ 53.7% |
| Amounts receivable within one year40/41 | €353k | €439k | €673k | €1.93M | €1.99M | ▲ 3.1% |
| Trade receivables40 | - | €409k | €621k | €1.91M | €1.96M | ▲ 2.4% |
| Other amounts receivable41 | - | €30k | €52k | €24k | €39k | ▲ 63.7% |
| Cash at bank and in hand54/58 | €201k | €167k | €145k | €484k | €436k | ▼ 10.0% |
| Deferred charges and accrued income490/1 | - | €5k | €5k | €9k | €9k | ▲ 0.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €784k | €1.08M | €1.73M | €3.66M | €4.31M | ▲ 17.6% |
| Equity10/15 | €478k | €365k | €540k | €772k | €773k | ▲ 0.2% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €302k | €502k | €750k | €750k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €0 | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Distributable reserves133 | - | €300k | €500k | €750k | €750k | = |
| Profit (loss) carried forward14 | €457k | €44k | €19k | €3k | €4k | ▲ 43.3% |
| Amounts payable17/49 | €306k | €711k | €1.19M | €2.89M | €3.53M | ▲ 22.3% |
| Amounts payable after more than one year17 | €6k | €24k | €282k | €653k | €1.01M | ▲ 55.1% |
| Financial debts170/4 | - | €24k | €282k | €337k | €696k | ▲ 107% |
| Other amounts payable178/9 | - | - | - | €316k | €316k | = |
| Amounts payable within one year42/48 | €299k | €686k | €888k | €2.21M | €2.48M | ▲ 12.2% |
| Current portion of amounts payable after more than one year42 | - | €9k | €14k | €18k | €123k | ▲ 577% |
| Financial debts43 | - | €125k | €375k | €700k | €300k | ▼ 57.1% |
| Credit institutions430/8 | - | €125k | €375k | €700k | €300k | ▼ 57.1% |
| Trade debts44 | €126k | €193k | €257k | €1.38M | €1.62M | ▲ 17.4% |
| Suppliers440/4 | - | €193k | €257k | €1.38M | €1.62M | ▲ 17.4% |
| Taxes, remuneration and social security45 | - | €6k | €14k | €62k | €37k | ▼ 40.5% |
| Taxes450/3 | - | €4k | €5k | €48k | €7k | ▼ 85.9% |
| Remuneration and social security454/9 | - | €1k | €9k | €15k | €30k | ▲ 107% |
| Other amounts payable47/48 | - | €353k | €229k | €50k | €399k | ▲ 704% |
| Accrued charges and deferred income492/3 | - | €2k | €16k | €30k | €45k | ▲ 51.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €256k | €187k | €350k | €482k | €351k | ▼ 27.1% |
| + Depreciation and write-downs630 | €9k | €10k | €10k | €14k | €20k | ▲ 51.1% |
| Operating cash flow (approximation) | €265k | €197k | €360k | €496k | €372k | ▼ 25.0% |
| Investment in fixed assets (approximation) | - | €-40k | €-18k | €-31k | €-23k | ▲ 25.9% |
| Change in cash | - | €-34k | €-21k | €339k | €-48k | ▼ 114% |
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
2025
30-12
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
30-06
Financial
Highest result since 2019net €482k ▲37.8%
Operating result €717k, net result €482k, both a record.
24-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €500kEq €540k ▲48%
5 profitable years in a row build equity to €540k.
29-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
30-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
30-06
Financial
Equity above €200kEq €227k ▲101%
2 profitable years in a row build equity to €227k.
2019
27-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
24-12
NBB filing
Annual accounts filed
fiscal year 2018 · 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, Kortrijk · 1 establishment unit since 2016
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Minister A.De Clercklaan(Kor) 338500 KortrijkGround area
1.3 ha
Building footprint
1.2 ha
Volume, LiDAR
66,770 m³
Parcel 34007A0348/00B014, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CORETEX
since 20162.258.526.521
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34007A0348/00B014 | Flanders | 1.3 ha | 1 · 1.2 ha | 11.0 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 1,440 EUR awarded · 1,440 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,440 EUR | 1,440 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 6,155 companies in sector 46190 we hold annual accounts for 2,571. 1,329 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
Founded21-11-2016
Fiscal year end30-06
Activities, NACEBEL 2025
46190Agents in non-specialised wholesale trade
46411Wholesale trade
66300Activities auxiliary to financial services and insurance activities
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
73200Market research and public opinion polling
Scores and ratios are computed by Checked and are not a credit decision.