Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of CORILUS is 0.5% (low). The 2024 annual accounts show equity of €21.48M and a net result of €2.20M. Equity is growing by ~14.9% per year across the filed fiscal years. Its solvency ranks better than 36% of 548 sector peers (fiscal year 2024). The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Signals
2 signals · with evidenceSignals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.
Trust signals
2 signalsAdministrative Flags
Bankruptcy probability (12 mo)
Checked model v1 · free for everyoneStatistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Financials
Annual accounts & ratios
Source: NBB · 2024How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 19.3% | 31.0% | |
| Net result | €2.20M | €47k | |
| Equity | €21.48M | €469k | |
| Staff costs | €22.81M | €494k | |
| Employees (FTE) | 238.7 | 7.5 |
| Fiscal year | 2024 |
|---|---|
| Revenue | €49.85M |
| EBITDA | €13.90M |
| Net profit | €2.20M |
| Cash flow | €8.95M |
| Staff costs | €22.81M |
| Income taxes | €-343k |
| Dividends | - |
| Total assets | €111.17M |
| Equity | €21.48M |
| Debt | €89.69M |
| of which ≤ 1y | €32.04M |
| of which > 1y | €49.40M |
| Working capital | €-3.98M |
| Employees (FTE) | 238.7 |
| 2024 | |
|---|---|
| Current ratio | 0.88 |
| Quick ratio | 0.84 |
| Working capital ratio | -3.6% |
| Solvency | 19.3% |
| Debt / equity | 4.17 |
| Long-term debt ratio | 2.30 |
| Interest coverage | 2.41 |
| Gross margin | 88.1% |
| Net margin | 4.4% |
| ROA | 2.0% |
| ROE | 10.2% |
| EBITDA margin | 27.9% |
| Days sales outstanding | 70d |
| Days payable outstanding | 289d |
| Inventory turnover | 5.67 |
| Days inventory (DSI) | 64d |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €111.17M |
| Fixed assets | 21/28 | €82.50M |
| Formation expenses | 20 | €607k |
| Intangible fixed assets | 21 | €20.09M |
| Tangible fixed assets | 22/27 | €2.15M |
| Financial fixed assets | 28 | €60.26M |
| Current assets | 29/58 | €28.06M |
| Stocks & contracts in progress | 3 | €1.04M |
| Amounts receivable within one year | 40/41 | €17.54M |
| Investments | 50/53 | €1.03M |
| Cash & bank | 54/58 | €4.66M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €111.17M |
| Equity | 10/15 | €21.48M |
| Contributions / capital | 10/11 | €10.54M |
| Reserves | 13 | €547k |
| Accumulated profits (losses) | 14 | €10.40M |
| Amounts payable | 17/49 | €89.69M |
| Amounts payable after one year | 17 | €49.40M |
| Amounts payable within one year | 42/48 | €32.04M |
| Trade debts payable within one year | 44 | €4.68M |
| Income statement | ||
| Turnover | 70 | €49.85M |
| Operating result | 9901 | €7.14M |
| Financial income | 75 | €984k |
| Financial charges | 65 | €6.27M |
| Result before taxes | 9903 | €1.85M |
| Income taxes | 67/77 | €-343k |
| Net result for the period | 9904 | €2.20M |
| Result to be appropriated | 9905 | €2.20M |
Health barometer
FY 2024 · computedUnlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Directors
Directors & mandates
under verification-
EPIONEON CONSULTLegal entityDirector· perm. rep.: Franck FrayerState Gazette act 25128808 (10-10-2025)Current30-09-2025 → present
2 events
- 30-09-2025 Appointed· Director
- 30-09-2025 Appointed· Managing director
-
Libera ConsultingLegal entityDirector· perm. rep.: Serena CocoState Gazette act 25128808 (10-10-2025)Current30-09-2025 → present
-
RoCa Invest IILegal entityDirector· perm. rep.: Franck FrayerState Gazette act 25128808 (10-10-2025)Current30-09-2025 → present
5 events
- 30-09-2025 Resigned· Director
- 30-09-2025 Mandate renewed· Director
- 30-09-2025 Resigned· Managing director
- 02-07-2020 Appointed· Director
- 02-07-2020 Appointed· Managing director
Historic, not recently confirmed (4)
-
Not recently confirmedlast confirmed in an act from 2020
3 events
- 02-07-2020 Resigned· Director
- 02-07-2020 Appointed· Director
- 23-11-2015 Appointed· Director
-
ESSENSYSLegal entityDirector· perm. rep.: Dirk Van LerbergheState Gazette act 15057656 (21-04-2015)Not recently confirmedlast confirmed in an act from 2015
5 events
- 21-04-2015 Appointed· Director
- 13-03-2015 Resigned· Director
- 13-03-2015 Appointed· Managing director
- 19-02-2014 Appointed· Director
- 01-01-2014 Mandate renewed· Managing director
-
Not recently confirmedlast confirmed in an act from 2015
-
Not recently confirmedlast confirmed in an act from 2007
Former directors (7)
-
Former11-02-2025 → 30-09-2025
2 events
- 30-09-2025 Resigned· Director
- 11-02-2025 Appointed· Director
-
Former01-10-2021 → 11-02-2025
2 events
- 11-02-2025 Resigned· Director
- 01-10-2021 Appointed· Director
-
Essensys NVLegal entityDirector· perm. rep.: Dirk Van LerbergheState Gazette act 20087133 (29-07-2020)Former- → 02-07-2020
2 events
- 02-07-2020 Resigned· Director
- 02-07-2020 Resigned· Managing director
-
Former14-09-2007 → 13-03-2015
6 events
- 13-03-2015 Resigned· Director
- 13-03-2015 Resigned· Managing director
- 04-10-2013 Mandate renewed· Director
- 04-10-2013 Appointed· Managing director
- 14-09-2007 Appointed· Director
- 14-09-2007 Appointed· Managing director
-
Former04-10-2013 → 13-03-2015
2 events
- 13-03-2015 Resigned· Director
- 04-10-2013 Mandate renewed· Director
-
COMMUNICATION AND CONSULTING COMPANYLegal entityManaging director· perm. rep.: Vincent LobelState Gazette act 14065226 (21-03-2014)Former01-01-2014 → 25-02-2015
2 events
- 25-02-2015 Resigned· Director
- 01-01-2014 Appointed· Managing director
-
Former14-09-2007 → 01-08-2010
4 events
- 01-08-2010 Resigned· Personne chargée de la gestion journalière
- 14-09-2007 Resigned· Director
- 14-09-2007 Resigned· Managing director
- 14-09-2007 Appointed· Daily management delegate
Statutory auditor
5 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| KPMG BedrijfsrevisorenCurrent Company auditor · represented by VAN DONINK Hendrik |
- | 13-01-2026 → present |
| KPMG Réviseurs d'Entreprises Company auditor · represented by Hendrik VAN DONINK succeeded by KPMG Bedrijfsrevisoren in 2026 |
- | 22-06-2021 → 13-01-2026 |
| KPMG Réviseurs d'Entreprises SCRL civile Statutory auditor · represented by Hendrik Van Donink succeeded by KPMG Réviseurs d'Entreprises in 2021 |
- | 21-12-2015 → 22-06-2021 |
| PricewaterhouseCoopers Réviseurs d'Entreprises SCRL Statutory auditor · represented by Peter Van Den Eynde succeeded by KPMG Réviseurs d'Entreprises in 2021 |
- | 28-06-2015 → 22-06-2021 |
| PwC Reviseurs d'Entreprises Statutory auditor · represented by Peter Van den Eynde succeeded by KPMG Réviseurs d'Entreprises SCRL civile in 2015 |
- | 04-07-2014 → 21-12-2015 |
Insolvency mandates
Legal Structure
| NACE primary | Groothandel in informatie- en communicatieapparatuur(46500) |
| Legal form | Public limited company(014) |
| Incorporation | 24-02-1986 |
| Status | Active |
| Postal code | 9050 |
Structure & network
Connections & network
54 connected companiesLocations & real estate
Registered office
on the map · from the address registerEstablishment units
4 locationsReal-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92053A0308/00T000 | Wallonia | 2.8 ha | 1 · 1,894 m² | - |
| 44032A0472/00R003 | Flanders | 1.9 ha | 1 · 8,006 m² | - |
| 23644H0058/00K000 | Flanders | 1.1 ha | 1 · 2,393 m² | 13.0 m · 4 fl. |
| 72015C0013/00N000 | Flanders | 2,777 m² | 1 · 371 m² | 12.2 m · 3 fl. |
Publications
Lifecycle & Insolvency Signals
Belgian State Gazette · acts
65 verified actsWhat every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.
- General meeting , 02/07/2026
- Merger
- Accounting effect , 01/01/2026
- Capital , €13.904.068,52
- Corporate purpose , l'étude de tous les moyens permettant de promouvoir l'informatique ou l'aéronautique, ainsi que leur utilisation; le conseil dans le domaine de l'informatique o…
- General meeting , 02/07/2026
- Merger
- Accounting effect , 01/01/2026
- Corporate purpose , De vennootschap heeft tot voorwerp: - de studie van alle middelen ter bevordering van de informatica of de luchtvaart en het gebruik daarvan; - advisering op he…
- Capital , €13.904.068,52
- Merger
- Accounting effect , 01/01/2026
- Corporate purpose , La société a pour objet : - l'étude de tous les moyens visant à promouvoir l'informatique ou l'aviation et leur utilisation ; - le conseil dans le domaine de l’…
- Corporate purpose , La société a pour objet : tant pour son propre compte que pour le compte de tiers, tant en Belgique qu'à l'étranger, seule ou en collaboration avec des tiers, t…
- General meeting , 13/01/2026
- Capital increase , €102.022,38
- Share issue , 5.101.119
- Capital , €13.904.068,52
- Statutes amendment
- Issue premium , 5.087.299,54 EUR
- General meeting , 13 januari 2026
- Capital increase , €239.852,32
- Capital , €13.802.046,14
- Statutes amendment
- General meeting , 13/01/2026
- Capital increase , €2.482.369,26
- Capital , €13.562.193,82
- Reserve release , 123.782.205,60 EUR, Uitgiftepremies
- Statutes amendment
- General meeting , 24/09/2025
- Permanent representative, Franck Frayer (vaste vertegenwoordiger)
- Director resignation, GACOMS (bestuurder)
- Director appointment, Libera Consulting (bestuurder)
- Director reappointment, RoCa Invest II (bestuurder)
- Mandate compensation, Libera Consulting
- Board meeting
- Power of attorney, Taledon
- General meeting , 11/02/2025
- Director resignation, Mash BV (bestuurder)
- Permanent representative, Hildegard Verhoeven
- Director appointment, Gacoms CommV. (bestuurder)
- Permanent representative, Jelle Gacoms
- General meeting , 22/01/2025
- Capital increase , €540.000
- Share issue , aandelen van dezelfde aard en die dezelfde rechten en voordelen zullen bieden als de bestaande aandelen
- Capital , €11.079.825,56
- Statutes amendment
- General meeting , 28/06/2024
- Power of attorney, ARRinco Management NV
- Permanent representative, Philippe Ruyssers
- Auditor appointment, KPMG Bedrijfsrevisoren BV/SRL (commissaris)
- Permanent representative, Harry Van Doninck (vaste vertegenwoordiger)
- General meeting , 28/07/2023
- Demerger , Software Bedrijfstak, evenals de daaraan verbonden rechten en verplichtingen
- Accounting effect , 01/01/2023
- Power of attorney, iedere bestuurder
- Valuation , EUR 756.495,67
Show 12 older acts
What every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.
- General meeting , 05-06-2023
- Registered-office move , het Vlaams Gewest
- Corporate purpose , de studie van alle middelen ter bevordering van de informatica of de luchtvaart en het gebruik daarvan; advisering op het gebied van informatica of luchtvaart,…
- Capital , €10.539.824,56
- Demerger, SOFT 33 NV
- Corporate purpose , La société a pour objet: - l'étude de tous moyens destinés à promouvoir l'informatique ou l'aéronautique et son usage; - le conseil en informatique ou aéronauti…
- Corporate purpose , De vennootschap heeft tot voorwerp: -de studie van alle middelen ter bevordering van de informatica of de luchtvaart en het gebruik daarvan; -advisering op het…
- Capital decrease , €43.952,8
- Accounting effect , 01/01/2023
- Net-asset statement , 31/12/2022
- General meeting , 05/06/2023
- Registered-office move , à 9050 Gand (Gentbrugge), Gaston Crommenlaan 4 bus 26
- Statutes amendment
- General meeting , 01/09/2022
- Merger , 01/09/2022
- Accounting effect , 01/01/2022
- Capital increase , €6.245.858,41
- Share issue , actions sans désignation de valeur nominale, 431730836
- Share cancellation , 431730836, acquisition d'actions propres dans le cadre d'une transmission de capital à titre universel
- Merger
- Corporate purpose , La société a pour objet: - l'étude de tous moyens destinés à promouvoir l'informatique ou l'aéronautique et son usage; - le conseil en informatique ou aéronauti…
- Corporate purpose , La société a pour objet, tant en Belgique qu'à l'étranger, en son propre nom et pour son propre compte, ainsi qu'au nom et pour le compte des tiers, seule ou en…
- Capital , €14.122.043,07
- Capital , €6.245.857,49
- Director resignation, Ultico SRL (administrateur)
- General meeting , 01/10/2021
- Director appointment, Mash SRL (administrateur)
- Permanent representative, Hildegard Verhoeven
- General meeting , 02/06/2021
- Auditor appointment, KPMG Bedrijfsrevisoren srl (commissaire)
- Permanent representative, Hendrik Van Donink
- General meeting , 02/07/2020
- Board meeting , 02/07/2020
- Director resignation, Essensys NV (administrateur)
- Director resignation, Essensys NV (administrateur délégué)
- Director resignation, Ultico BV (administrateur)
- Director appointment, RoCa Invest II BV (administrateur)
- Board meeting , 14/02/2020
- Merger , 26/12/2019
- Permanent representative, Dirk Van Lerberghe
- Auditor appointment, KPMG Réviseurs d'Entreprises SCRL civile (commissaire)
- Permanent representative, Hendrik Van Donink
- General meeting , 19/07/2019
- Merger , absorption, 01/01/2019
- Accounting effect , 01/01/2019
- Power of attorney, administrateurs de CORILUS
Analysis
Snowflake analysis
financial profile on 5 axesStrong profile, led by stability.
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Company registry (CBE)
Crossroads Bank| Legal nameNL | CORILUS |