CORAM
ActiveFinancials · financial year 2023, full format, standalone accounts, 2024 accounts filed
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 03-03-2026 PDF Consolidated accounts 2024 (PDF) all 70 filings
The accounts were filed as a PDF only.
Equity
€24.1m▼ 3.7%
2022 · €25.1m
Net result
-€929,579▼ 184%
2022 · -€327,533
Total assets
€52.9m=
2022 · €52.9m
Solvency
45.6%▼ 1.8pp
2022 · 47.4%
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
-€298,577
2023
20182023
Net result
-€929,579
▼ 184%
2023
lowest quarter of the sector
20182023
Equity
€24.1m
▼ 3.7%
2023
highest quarter of the sector
20182023
Total assets
€52.9m
=
2023
highest quarter of the sector
20182023
Debt
€28.8m
▲ 3.4%
2023
20182023
Working capital
-€9.2m
▲ 29.6%
2023
lowest quarter of the sector
20182023
Solvency
45.6%
▼ 1.8pp
2023
middle half of the sector
20182023
Current ratio
0.02
▲ 0.01
2023
lowest quarter of the sector
20182023
Return on assets (ROA)
-1.8%
▼ 1.1pp
2023
lowest quarter of the sector
20182023
Staff (FTE)
no figure
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result-€0.2m-€0.03m€0.07m▲ 192%€0.1m▲ 33.3%€0.2m▲ 56.5%-€0.3m
Net result-€0.8m--€0.6m▲ 25.3%-€0.6mbelow the sector's middle half▲ 4.7%-€0.5mbelow the sector's middle half▲ 22.0%-€0.3mbelow the sector's middle half▲ 30.2%-€0.9mbelow the sector's middle half▼ 184%
Equity€27.1m-€26.5m▼ 2.3%€25.9mabove the sector's middle half▼ 2.3%€25.4mabove the sector's middle half▼ 1.8%€25.1mabove the sector's middle half▼ 1.3%€24.1mabove the sector's middle half▼ 3.7%
Total assets€53.0m-€53.0m=€52.8mabove the sector's middle half▼ 0.4%€52.9mabove the sector's middle half▲ 0.3%€52.9mabove the sector's middle half=€52.9mabove the sector's middle half=
Debt€25.9m-€26.5m▲ 2.4%€26.9m▲ 1.4%€27.5m▲ 2.4%€27.8m▲ 1.1%€28.8m▲ 3.4%
Working capital-€9.1m--€10.0m▼ 10.2%-€11.6mbelow the sector's middle half▼ 15.7%-€10.6mbelow the sector's middle half▲ 8.9%-€13.1mbelow the sector's middle half▼ 24.3%-€9.2mbelow the sector's middle half▲ 29.6%
Solvency51.1%-49.9%▼ 1.2pp49.0%within the sector's middle half▼ 0.9pp48.0%within the sector's middle half▼ 1.0pp47.4%within the sector's middle half▼ 0.6pp45.6%within the sector's middle half▼ 1.8pp
Current ratio0.03-0.02=0.00below the sector's middle half▼ 0.020.02below the sector's middle half▲ 0.020.01below the sector's middle half=0.02below the sector's middle half▲ 0.01
Return on assets (ROA)-1.6%--1.2%▲ 0.4pp-1.1%below the sector's middle half▲ 0.1pp-0.9%below the sector's middle half▲ 0.3pp-0.6%below the sector's middle half▲ 0.3pp-1.8%below the sector's middle half▼ 1.1pp
Staff (FTE)0.5-
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2023 is a loss of €298,577, after a profit of €154,376 in 2022. It is the lowest result since 2019.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €52.9m
Fixed assets
€52.7m =
Current assets
€157,241 ▲ 4.1%
Equity and liabilities €52.9m
Equity
€24.1m ▼ 3.7%
Debt
€28.8m ▲ 3.4%
Debt's share of the balance-sheet total rises from 52.6% to 54.4%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-3.9%▼
2022 · -1.3%
Debt ≤ 1 year
€9.4m▼
2022 · €13.3m
Debt > 1 year
€19.3m▲
2022 · €14.2m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Auditor
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Fee for the audit | €9,639 | €11,203 | €14,000 |
Source: notes to the 2021 to 2023 annual accounts (relations with the auditor)
Group figures
CORAM heads a group. The consolidated accounts add up the company and its subsidiaries.
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Turnover | €100.8m | €93.6m | €79.7m |
| Operating result | €7.3m | -€2.9m | -€2.9m |
| Result for the year | €4.4m | -€6.6m | -€5.5m |
| Equity | €24.8m | €17.8m | €12.6m |
| Total assets | €66.6m | €50.9m | €41.4m |
Source: 2021 to 2023 consolidated accounts
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €318,786 | €364,308 | €124,120 | ▼ 65.9% |
| Other operating income74 | - | - | - | €124,120 | €124,120 | €124,120 | = |
| Non-recurring operating income76A | - | - | - | €194,666 | €240,188 | - | - |
| Operating charges60/66A | - | - | - | €220,141 | €209,931 | €422,697 | ▲ 101% |
| Services and other goods61 | - | - | - | €218,613 | €206,186 | €420,398 | ▲ 104% |
| Other operating charges640/8 | - | - | - | €1,528 | €3,746 | €2,298 | ▼ 38.6% |
| Operating profit (loss)9901 | -€243,806 | €25,351 | €73,993 | €98,645 | €154,376 | -€298,577 | - |
| Financial income75/76B | - | - | - | €19,822 | €47,419 | €128,304 | ▲ 171% |
| Recurring financial income75 | €307,976 | - | €9,240 | €19,822 | €47,419 | €128,282 | ▲ 171% |
| Other financial income752/9 | - | - | - | €19,822 | €47,419 | €128,282 | ▲ 171% |
| Non-recurring financial income76B | - | - | - | - | - | €22 | - |
| Financial charges65/66B | - | - | - | €587,506 | €529,328 | €759,306 | ▲ 43.4% |
| Recurring financial charges65 | €623,433 | €633,336 | €691,807 | €587,465 | €529,293 | €759,283 | ▲ 43.5% |
| Debt charges650 | €594,191 | €605,896 | €664,809 | €562,654 | €515,151 | €715,073 | ▲ 38.8% |
| Other financial charges652/9 | - | - | - | €24,811 | €14,142 | €44,210 | ▲ 213% |
| Non-recurring financial charges66B | - | - | - | €41 | €35 | €23 | ▼ 36.1% |
| Profit (loss) for the period before taxes9903 | -€844,398 | -€607,984 | -€608,527 | -€469,039 | -€327,533 | -€929,579 | ▼ 184% |
| Income taxes67/77 | €447 | €22,958 | -€7,355 | - | - | - | - |
| Profit (loss) for the period9904 | -€844,845 | -€630,943 | -€601,172 | -€469,039 | -€327,533 | -€929,579 | ▼ 184% |
| Profit (loss) for the period to be appropriated9905 | -€844,845 | -€630,943 | -€601,172 | -€469,039 | -€327,533 | -€929,579 | ▼ 184% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €53.0m | €53.0m | €52.8m | €52.9m | €52.9m | €52.9m | = |
| Fixed assets21/28 | €52.7m | €52.7m | €52.7m | €52.7m | €52.7m | €52.7m | = |
| Financial fixed assets28 | €52.7m | €52.7m | €52.7m | €52.7m | €52.7m | €52.7m | = |
| Affiliated companies280/1 | - | - | - | €52.7m | €52.7m | €52.7m | = |
| Participating interests280 | - | - | - | €52.7m | €52.7m | €52.7m | = |
| Current assets29/58 | €0.3m | €0.2m | €0.01m | €0.2m | €0.2m | €0.2m | ▲ 4.1% |
| Amounts receivable within one year40/41 | €0.01m | €0.1m | €0.01m | €0.1m | €0.1m | €0.2m | ▲ 12.3% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.1m | = |
| Other amounts receivable41 | - | - | - | €0.005m | €0.01m | €0.03m | ▲ 153% |
| Cash at bank and in hand54/58 | €0.2m | €0.1m | - | €0.04m | €0.02m | €0.006m | ▼ 63.9% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €53.0m | €53.0m | €52.8m | €52.9m | €52.9m | €52.9m | = |
| Equity10/15 | €27.1m | €26.5m | €25.9m | €25.4m | €25.1m | €24.1m | ▼ 3.7% |
| Contributions10/11 | €11.9m | €11.9m | €11.9m | €17.6m | €17.6m | €17.6m | = |
| Capital10 | - | - | - | €11.9m | €11.9m | €11.9m | = |
| Issued capital100 | - | - | - | €11.9m | €11.9m | €11.9m | = |
| Contributions outside capital11 | - | - | - | €5.7m | €5.7m | €5.7m | = |
| Share premium1100/10 | - | - | - | €5.7m | €5.7m | €5.7m | = |
| Reserves13 | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Non-distributable reserves130/1 | - | - | - | €2.0m | €2.0m | €2.0m | = |
| Legal reserve130 | - | - | - | €2.0m | €2.0m | €2.0m | = |
| Other1319 | - | - | - | €0.04m | €0.04m | €0.04m | = |
| Profit (loss) carried forward14 | €7.5m | €6.8m | €6.2m | €5.8m | €5.4m | €4.5m | ▼ 17.1% |
| Amounts payable17/49 | €25.9m | €26.5m | €26.9m | €27.5m | €27.8m | €28.8m | ▲ 3.4% |
| Amounts payable after more than one year17 | €16.1m | €15.8m | €14.9m | €16.4m | €14.2m | €19.3m | ▲ 35.9% |
| Financial debts170/4 | - | - | - | €16.4m | €14.2m | €19.3m | ▲ 35.9% |
| Subordinated loans170 | - | - | - | €2.3m | - | - | - |
| Other loans174 | - | - | - | €14.1m | €14.2m | €19.3m | ▲ 35.9% |
| Amounts payable within one year42/48 | €9.4m | €10.3m | €11.6m | €10.7m | €13.3m | €9.4m | ▼ 29.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.8m | €4.1m | - | - |
| Financial debts43 | - | - | - | €8.8m | €8.9m | €8.8m | ▼ 1.5% |
| Credit institutions430/8 | - | - | - | €8.8m | €8.9m | €8.8m | ▼ 1.5% |
| Trade debts44 | €0.04m | €0.2m | €0.003m | €0.1m | €0.3m | €0.6m | ▲ 131% |
| Suppliers440/4 | - | - | - | €0.1m | €0.3m | €0.6m | ▲ 131% |
| Accrued charges and deferred income492/3 | - | - | - | €0.4m | €0.3m | €0.05m | ▼ 84.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€844,845 | -€630,943 | -€601,172 | -€469,039 | -€327,533 | -€929,579 | ▼ 184% |
| Operating cash flow (approximation) | -€844,845 | -€630,943 | -€601,172 | -€469,039 | -€327,533 | -€929,579 | ▼ 184% |
| Investment in fixed assets (approximation) | - | €0 | -€48 | €41 | €35 | -€22 | - |
| Change in cash | - | -€139,132 | - | - | -€23,818 | -€10,287 | ▲ 56.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 70 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 03-03-2026 | 2026-00049353 | |
| 31-12-2024 | consolidated | 02-03-2026 | 2026-00048303 | |
| 31-12-2023 | consolidated | 26-09-2025 | 2025-00511979 | |
| 31-12-2023 | full format | 25-09-2025 | 2025-00511608 | |
| 31-12-2022 | consolidated | 12-01-2024 | 2024-00000871 | |
| 31-12-2022 | full format | 12-01-2024 | 2024-00000951 | |
| 31-12-2021 | full format | 22-08-2022 | 2022-20309289 | |
| 31-12-2021 | consolidated | 22-08-2022 | 2022-20309288 | |
| 31-12-2020 | consolidated | 14-07-2021 | 2021-36000458 | |
| 31-12-2020 | full format | 13-07-2021 | 2021-36000121 |