Summary
CORA has been active since 1921 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show a net result of -€63.5m. Equity is shrinking by ~13.5% per year across the filed fiscal years. Its net result ranks better than 5% of 4473 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Financials · fiscal year 2025, full schema
In the rankings
#1 employer in Walloon Brabant, Wholesale and retail trade sector#1 oldest company in Walloon Brabant, Retail trade sector#2 company by total assets in Walloon Brabant, Retail trade sector
Turnover
€357.7m▼ 27.1%
2024 · €490.9m
EBIT margin
-17.3%▼ 10.7pp
2024 · -6.6%
Net result
-€63.5m▼ 87.3%
2024 · -€33.9m
Working capital
€124.7m▲ 510%
2024 · €20.4m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€547.7m▲ 3.4%€573.4m▲ 4.7%€571.7m▼ 0.3%€490.9m▼ 14.1%€357.7m▼ 27.1%
Operating result-€16.2m▼ 49.7%-€29.3m▼ 80.5%-€31.7m▼ 8.5%-€32.4m▼ 1.9%-€62.0m▼ 91.7%
Net result-€16.1mbelow the sector's middle half▼ 44.2%-€29.4mbelow the sector's middle half▼ 83.0%-€32.3mbelow the sector's middle half▼ 9.7%-€33.9mbelow the sector's middle half▼ 5.1%-€63.5mbelow the sector's middle half▼ 87.3%
EBIT margin-3.0%▼ 0.9pp-5.1%▼ 2.1pp-5.6%▼ 0.4pp-6.6%▼ 1.0pp-17.3%▼ 10.7pp
Equity€8.7mabove the sector's middle half▼ 41.1%
Total assets€155.5mabove the sector's middle half▼ 0.6%€163.0mabove the sector's middle half▲ 4.8%€158.4mabove the sector's middle half▼ 2.8%€139.0mabove the sector's middle half▼ 12.2%€186.4mabove the sector's middle half▲ 34.1%
Debt€142.9m▲ 4.6%€155.1m▲ 8.6%€142.5m▼ 8.1%€126.9m▼ 11.0%€91.5m▼ 27.9%
Working capital€4.5mabove the sector's middle half▼ 65.1%€0.2mwithin the sector's middle half▼ 95.6%€14.0mabove the sector's middle half▲ 6,994%€20.4mabove the sector's middle half▲ 45.4%€124.7mabove the sector's middle half▲ 510%
Solvency5.6%below the sector's middle half▼ 3.8pp
Current ratio1.04within the sector's middle half▼ 0.081.00within the sector's middle half▼ 0.041.12within the sector's middle half▲ 0.121.22within the sector's middle half▲ 0.103.02above the sector's middle half▲ 1.80
Return on assets (ROA)-10.3%below the sector's middle half▼ 3.2pp-18.0%below the sector's middle half▼ 7.7pp-20.4%below the sector's middle half▼ 2.3pp-24.4%below the sector's middle half▼ 4.0pp-34.1%below the sector's middle half▼ 9.7pp
Staff (FTE)1,859.9above the sector's middle half▼ 0.8%1,856.2above the sector's middle half▼ 0.2%1,809.6above the sector's middle half▼ 2.5%1,646.8above the sector's middle half▼ 9.0%1,280.7above the sector's middle half▼ 22.2%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €62.0m in 2025 against €32.4m in 2024; the loss grows and 2025 has the lowest result in the available series.
Key figures and ratios
EBITDA
-€50.5m▼
2024 · -€25.0m
Cash flow
-€51.9m▼
2024 · -€26.6m
Quick ratio
2.74▲
2024 · 0.61
Interest coverage
-24.89▼
2024 · -11.82
Debt ≤ 1 year
€61.7m▼
2024 · €91.1m
Debt > 1 year
€21.1m▼
2024 · €33.0m
Income taxes
€2▼
2024 · €69,115
Staff costs
€65.6m▼
2024 · €86.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €602.4m | €629.2m | €632.4m | €546.1m | €579.5m | ▲ 6.1% |
| Turnover70 | €547.7m | €573.4m | €571.7m | €490.9m | €357.7m | ▼ 27.1% |
| Other operating income74 | €54.5m | €55.6m | €59.5m | €53.6m | €40.3m | ▼ 24.8% |
| Non-recurring operating income76A | €0.2m | €0.2m | €1.2m | €1.6m | €181.4m | ▲ 11,546% |
| Operating charges60/66A | €618.6m | €658.5m | €664.2m | €578.5m | €641.5m | ▲ 10.9% |
| Goods for resale, raw materials and consumables60 | €456.5m | €487.2m | €483.9m | €410.9m | €316.7m | ▼ 22.9% |
| Purchases600/8 | €456.2m | - | - | - | - | - |
| Change in stocks: decrease (increase)609 | €0.4m | €4.3m | €3.3m | -€0.8m | €39.9m | ▲ 5,177% |
| Services and other goods61 | €64.1m | €66.4m | €64.1m | €66.7m | €71.1m | ▲ 6.5% |
| Remuneration, social security and pensions62 | €86.1m | €92.6m | €96.0m | €86.3m | €65.6m | ▼ 24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7.4m | €8.4m | €7.6m | €7.3m | €11.5m | ▲ 57.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€0.2m | -€0.6m | -€0.05m | €0.06m | -€1.1m | ▼ 2,024% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | -€0.2m | €0.09m | -€0.2m | -€0.7m | -€0.7m | ▲ 2.4% |
| Other operating charges640/8 | €4.9m | €4.4m | €5.1m | €5.9m | €4.9m | ▼ 15.8% |
| Non-recurring operating charges66A | €0.005m | - | €7.8m | €2.0m | €173.4m | ▲ 8,629% |
| Operating profit (loss)9901 | -€16.2m | -€29.3m | -€31.7m | -€32.4m | -€62.0m | ▼ 91.7% |
| Financial income75/76B | €2.4m | - | - | - | - | - |
| Recurring financial income75 | €2.4m | €2.3m | €2.2m | €2.1m | €2.8m | ▲ 31.3% |
| Income from financial fixed assets750 | - | - | €1 | €0.001m | - | - |
| Income from current assets751 | - | €0.008m | €0.08m | €0.3m | €0.3m | ▲ 9.9% |
| Other financial income752/9 | €2.4m | €2.3m | €2.1m | €1.9m | €2.5m | ▲ 34.3% |
| Financial charges65/66B | €2.3m | €2.4m | €2.7m | €3.6m | €4.2m | ▲ 18.3% |
| Recurring financial charges65 | €2.3m | €2.4m | €2.7m | €3.6m | €4.2m | ▲ 18.3% |
| Debt charges650 | €0.8m | €0.9m | €1.1m | €2.1m | €2.0m | ▼ 4.3% |
| Other financial charges652/9 | €1.5m | €1.6m | €1.6m | €1.5m | €2.2m | ▲ 50.9% |
| Profit (loss) for the period before taxes9903 | -€16.1m | -€29.4m | -€32.2m | -€33.8m | -€63.5m | ▼ 87.7% |
| Income taxes67/77 | €0.01m | €0.006m | €0.01m | €0.07m | €2 | ▼ 100.0% |
| Taxes670/3 | €0.01m | €0.006m | €0.01m | €0.07m | €2 | ▼ 100.0% |
| Profit (loss) for the period9904 | -€16.1m | -€29.4m | -€32.3m | -€33.9m | -€63.5m | ▼ 87.3% |
| Transfer from tax-exempt reserves789 | - | - | - | €4.4m | - | - |
| Profit (loss) for the period to be appropriated9905 | -€16.1m | -€29.4m | -€32.3m | -€29.5m | -€63.5m | ▼ 115% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €155.5m | €163.0m | €158.4m | €139.0m | €186.4m | ▲ 34.1% |
| Formation expenses20 | €0.02m | €0.02m | €0.02m | €0.03m | €0 | ▼ 100% |
| Fixed assets21/28 | €34.4m | €35.1m | €30.8m | €27.4m | €0 | ▼ 100% |
| Intangible fixed assets21 | €3.4m | €2.7m | €2.0m | €0.8m | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €31.0m | €32.4m | €28.7m | €26.6m | €0 | ▼ 100% |
| Land and buildings22 | €22.1m | €21.9m | €19.9m | €18.0m | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €6.5m | €7.4m | €6.7m | €6.7m | €0 | ▼ 100% |
| Furniture and vehicles24 | €1.6m | €2.4m | €1.7m | €1.7m | €0 | ▼ 100% |
| Leasing and similar rights25 | - | - | - | - | €0 | - |
| Other tangible fixed assets26 | €0.3m | €0.3m | €0.2m | €0.2m | €0 | ▼ 100% |
| Assets under construction and advance payments27 | €0.4m | €0.4m | €0.2m | €0.007m | €0 | ▼ 100% |
| Financial fixed assets28 | €0.04m | €0.04m | €0.05m | €0.05m | €0 | ▼ 100% |
| Affiliated companies280/1 | - | - | - | - | €0 | - |
| Participating interests280 | - | - | - | - | €0 | - |
| Amounts receivable281 | - | - | - | - | €0 | - |
| Companies linked by participating interests282/3 | - | - | - | - | €0 | - |
| Participating interests282 | - | - | - | - | €0 | - |
| Amounts receivable283 | - | - | - | - | €0 | - |
| Other financial fixed assets284/8 | €0.04m | €0.04m | €0.05m | €0.05m | €0 | ▼ 100% |
| Shares284 | - | - | - | - | €0 | - |
| Amounts receivable and cash guarantees285/8 | €0.04m | €0.04m | €0.05m | €0.05m | €0 | ▼ 100% |
| Current assets29/58 | €121.1m | €127.9m | €127.6m | €111.6m | €186.4m | ▲ 67.1% |
| Amounts receivable after more than one year29 | - | - | - | - | €0 | - |
| Trade receivables290 | - | - | - | - | €0 | - |
| Other amounts receivable291 | - | - | - | - | €0 | - |
| Stocks and contracts in progress3 | €62.8m | €59.5m | €55.5m | €56.4m | €17.3m | ▼ 69.4% |
| Stocks30/36 | €62.8m | €59.5m | €55.5m | €56.4m | €17.3m | ▼ 69.4% |
| Goods purchased for resale34 | €62.5m | €58.6m | €55.4m | €56.1m | €17.3m | ▼ 69.2% |
| Advance payments36 | €0.3m | €1.0m | €0.2m | €0.4m | - | - |
| Amounts receivable within one year40/41 | €46.8m | €51.5m | €17.3m | €9.5m | €16.7m | ▲ 75.1% |
| Trade receivables40 | €9.9m | €8.2m | €8.9m | €6.9m | €3.6m | ▼ 48.0% |
| Other amounts receivable41 | €36.9m | €43.3m | €8.4m | €2.6m | €13.1m | ▲ 402% |
| Current investments50/53 | - | - | €39.5m | €30.0m | €25.1m | ▼ 16.4% |
| Other investments51/53 | - | - | €39.5m | €30.0m | €25.1m | ▼ 16.4% |
| Cash at bank and in hand54/58 | €10.2m | €15.3m | €13.1m | €12.8m | €126.1m | ▲ 888% |
| Deferred charges and accrued income490/1 | €1.3m | €1.5m | €2.2m | €2.8m | €1.2m | ▼ 59.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €155.5m | €163.0m | €158.4m | €139.0m | €186.4m | ▲ 34.1% |
| Equity10/15 | €8.7m | - | - | - | - | - |
| Contributions10/11 | €47.9m | €24.9m | €27.9m | €26.5m | €75.4m | ▲ 185% |
| Capital10 | €7.4m | €5.4m | €5.4m | €4.0m | €52.9m | ▲ 1,223% |
| Issued capital100 | €7.4m | €5.4m | €5.4m | €4.0m | €52.9m | ▲ 1,223% |
| Outside capital11 | €40.5m | €19.5m | €22.5m | €22.5m | €22.5m | = |
| Share premium1100/10 | €40.5m | €19.5m | €22.5m | €22.5m | €22.5m | = |
| Reserves13 | €9.6m | €9.6m | €9.6m | €5.2m | €5.2m | = |
| Non-distributable reserves130/1 | €2.8m | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Legal reserve130 | €2.8m | €2.8m | €2.8m | €2.8m | €2.8m | = |
| Tax-exempt reserves132 | €4.4m | €4.4m | €4.4m | - | - | - |
| Distributable reserves133 | €2.4m | €2.4m | €2.4m | €2.4m | €2.4m | = |
| Profit (loss) carried forward14 | -€48.8m | -€30.2m | -€32.5m | -€30.5m | -€94.0m | ▼ 208% |
| Provisions and deferred taxes16 | €4.0m | - | - | - | - | - |
| Provisions for liabilities and charges160/5 | €4.0m | €3.6m | €10.8m | €10.9m | €108.3m | ▲ 891% |
| Other liabilities and charges164/5 | €4.0m | €3.6m | €10.8m | €10.9m | €108.3m | ▲ 891% |
| Amounts payable17/49 | €142.9m | €155.1m | €142.5m | €126.9m | €91.5m | ▼ 27.9% |
| Amounts payable after more than one year17 | €25.0m | €25.0m | €25.0m | €33.0m | €21.1m | ▼ 36.1% |
| Financial debts170/4 | €25.0m | €25.0m | €25.0m | €33.0m | €21.1m | ▼ 36.1% |
| Other loans174 | €25.0m | €25.0m | €25.0m | €33.0m | €21.1m | ▼ 36.1% |
| Amounts payable within one year42/48 | €116.6m | €127.7m | €113.5m | €91.1m | €61.7m | ▼ 32.3% |
| Trade debts44 | €93.7m | €103.3m | €90.2m | €67.3m | €37.0m | ▼ 45.1% |
| Suppliers440/4 | €93.7m | €103.3m | €90.2m | €67.3m | €37.0m | ▼ 45.1% |
| Advances received on contracts in progress46 | €0.05m | €0.06m | €0.04m | €0.04m | - | - |
| Taxes, remuneration and social security45 | €20.3m | €22.3m | €21.4m | €20.9m | €24.4m | ▲ 16.4% |
| Taxes450/3 | €4.4m | €6.5m | €5.3m | €6.6m | €7.9m | ▲ 19.6% |
| Remuneration and social security454/9 | €15.9m | €15.7m | €16.1m | €14.3m | €16.4m | ▲ 14.9% |
| Other amounts payable47/48 | €2.6m | €2.1m | €1.9m | €2.8m | €0.4m | ▼ 87.5% |
| Accrued charges and deferred income492/3 | €1.2m | €2.4m | €4.0m | €2.8m | €8.7m | ▲ 213% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€16.1m | -€29.4m | -€32.3m | -€33.9m | -€63.5m | ▼ 87.3% |
| + Depreciation and write-downs630 | €7.4m | €8.4m | €7.6m | €7.3m | €11.5m | ▲ 57.5% |
| Operating cash flow (approximation) | -€8.6m | -€21.0m | -€24.7m | -€26.6m | -€51.9m | ▼ 95.5% |
| Investment in fixed assets (approximation) | - | -€9.0m | -€3.2m | -€4.0m | €15.9m | ▲ 501% |
| Change in cash | - | €5.2m | -€2.2m | -€0.3m | €113.4m | ▲ 33,963% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Aldi
BE 0425.282.642
Gembloux · FTE 1,173.1
ALDI
BE 0414.881.767
Roeselare · FTE 1,126.7
ALDI
BE 0465.569.910
Zemst · FTE 1,105.8
ALDI
BE 0422.096.389
Erpe-Mere · FTE 1,092.3
Of 10,515 companies in this sector we hold annual accounts for 5,887. 19 are within a factor 10 of this headcount. The 4 above are the closest to it. See the whole sector