CORE
InactiveOverview
Activity
Activity not known
Size
≈ €8.2mturnover 2020, estimated
- Staff
- 12.9 FTE
- Equity
- €13.5m
- Profit
- €1.2m
Turnover estimated from the gross margin
Financial health
Inactive: no score
Structure
11 deeds in the Belgian Official Gazette
Signalsraises risk2020 accounts filed 184 days lateShow the evidence
Signals
1 signal.
raises risk
raises risk · 2020 accounts filed 184 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 31-01-2022, 184 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2020
184 days late
2020
68 days late
2018
89 days late
2017
73 days late
2016
60 days late
2015
38 days early
2014
59 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 71 days after the deadline; the Belgian median for financial year 2020 is 1 day before the deadline, and 46% of all filings were late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2020 · abbreviated…
- Annual accounts filedfinancial year 2020 · abbreviated…
- Weakest financial yearnet €1.2m ▼57.5%
Financials · financial year 2020, abbreviated format
2020 annual accounts filed late (184 days) Filed on 31 January 2022, deadline 31 July 2021 (7 months after the close on 31 December 2020, Companies Code art. 3:10). Source: NBB, 2022-02900565.
Turnover
≈ €8.2m
Estimated: probably between €5.5m and €13.0m
Total assets
€60.7m▲ 7.8%
2020 · €56.3m
Net result
€1.2m▼ 57.5%
2020 · €2.9m
Working capital
-€10.1m▼ 77.0%
2020 · -€5.7m
Trend over the years
2018 to 2020, 3 financial years 2018 to 2020, 3 financial years
Multiple financial year ends fall in the same calendar year; an annual trend is not displayed.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€2.5m
2020
Net result€1.2m
2020
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€60.7m
2020
Equity€13.5m
2020
Debt€45.2m
2020
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€10.1m
2020
Average staff in full-time equivalents (FTE).
Staff (FTE)12.9
2020
Use the arrow keys on the chart for the figures per year.
Available amounts per financial year
Line201820202020
Operating result€3.1m-€4.9m-€2.5m-
Net result€1.5m-€2.9m-€1.2m-
Equity€8.9m-€11.8m-€13.5m-
Total assets€58.5m-€56.3m-€60.7m-
Debt€47.4m-€42.3m-€45.2m-
Working capital-€32.3m--€5.7m--€10.1m-
Staff (FTE)3.4-9-12.9-
Turnover and EBIT margin not published: the abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2020 in colour, 2020 as the grey bar beneath
Assets €60.7m
Fixed assets
€56.9m ▲ 10.2%
Current assets
€3.8m ▼ 18.4%
Equity and liabilities €60.7m
Equity
€13.5m ▲ 14.0%
Provisions
€2.0m ▼ 7.4%
Debt
€45.2m ▲ 6.9%
Debt's share of the balance-sheet total falls from 75.2% to 74.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€3.9m▼
2020 · €6.8m
Cash flow
€2.7m▼
2020 · €4.7m
Current ratio
0.28▼
2020 · 0.45
Quick ratio
0.17▼
2020 · 0.23
Debt to equity
2.30▼
2020 · 2.69
ROE
9.1%▼
2020 · 24.5%
ROA
2.0%▼
2020 · 5.1%
Debt ≤ 1 year
€13.9m▲
2020 · €10.4m
Debt > 1 year
€31.0m▼
2020 · €31.8m
Income taxes
€105,000▼
2020 · €882,537
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2020 | 2020 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.2m | €1.8m | €1.4m | - |
| Gross operating margin9900 | €4.8m | €7.8m | €4.8m | - |
| Operating profit (loss)9901 | €3.1m | €4.9m | €2.5m | - |
| Recurring financial income75 | €0.02m | €0.04m | €0.02m | - |
| Recurring financial charges65 | €1.0m | €1.2m | €0.9m | - |
| Profit (loss) for the period before taxes9903 | €2.2m | €3.8m | €1.6m | - |
| Income taxes67/77 | €0.7m | €0.9m | €0.1m | - |
| Profit (loss) for the period9904 | €1.5m | €2.9m | €1.2m | - |
| Profit (loss) for the period to be appropriated9905 | €1.6m | €1.8m | €0.2m | - |
| Line | 2018 | 2020 | 2020 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €58.5m | €56.3m | €60.7m | - |
| Fixed assets21/28 | €53.2m | €51.6m | €56.9m | - |
| Tangible fixed assets22/27 | €53.1m | €51.5m | €56.5m | - |
| Financial fixed assets28 | €0.1m | €0.1m | €0.4m | - |
| Current assets29/58 | €5.3m | €4.7m | €3.8m | - |
| Stocks and contracts in progress3 | €3.4m | €2.4m | €1.5m | - |
| Amounts receivable within one year40/41 | €0.6m | €1.4m | €1.3m | - |
| Cash at bank and in hand54/58 | €1.0m | €0.5m | €0.8m | - |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €58.5m | €56.3m | €60.7m | - |
| Equity10/15 | €8.9m | €11.8m | €13.5m | - |
| Contributions10/11 | €3.1m | €3.1m | €3.1m | - |
| Reserves13 | €2.8m | €5.7m | €7.1m | - |
| Profit (loss) carried forward14 | €3.1m | €3.1m | €3.3m | - |
| Provisions and deferred taxes16 | €2.1m | €2.2m | €2.0m | - |
| Amounts payable17/49 | €47.4m | €42.3m | €45.2m | - |
| Amounts payable after more than one year17 | €9.6m | €31.8m | €31.0m | - |
| Amounts payable within one year42/48 | €37.6m | €10.4m | €13.9m | - |
| Trade debts44 | €0.2m | - | €0.006m | - |
| Line | 2018 | 2020 | 2020 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €1.5m | €2.9m | €1.2m | - |
| + Depreciation and write-downs630 | €1.2m | €1.8m | €1.4m | - |
| Operating cash flow (approximation) | €2.8m | €4.7m | €2.7m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2020 | abbreviated format | 31-01-2022 | 2022-02900565 |
| 31-03-2020 | abbreviated format | 07-01-2021 | 2021-00600375 |
| 31-12-2018 | abbreviated format | 28-10-2019 | 2019-71600469 |
| 31-12-2017 | abbreviated format | 12-10-2018 | 2018-69400038 |
| 31-12-2016 | abbreviated format | 29-09-2017 | 2017-65300573 |
| 31-12-2015 | full format | 23-06-2016 | 2016-22100018 |
| 31-12-2014 | full format | 28-09-2015 | 2015-61900351 |
| 31-12-2013 | full format | 29-08-2014 | 2014-55500508 |
| 30-06-2013 | full format | 21-01-2014 | 2014-01200268 |
| 30-06-2012 | abbreviated format | 13-02-2013 | 2013-03600186 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 11 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Acts, filings and financial milestones
2022
31-01
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format · 184 days late
2021
07-01
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format · 68 days late
2020
31-12
Financial
Weakest financial yearnet €1.2m ▼57.5%
Net result drops to €1.2m, the lowest in the series.
31-03
Financial
Highest result from 2018 to 2020net €2.9m ▲86.9%
Operating result €4.9m, net result €2.9m, both a record.
31-03
Financial
Equity above €10mequity €11.8m ▲32.4%
A profit in every financial year since 2018 builds equity to €11.8m.
2019
28-10
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format · 89 days late
2018
12-10
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format · 73 days late
2017
29-09
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format · 60 days late
2016
23-06
NBB filing
Annual accounts filed
financial year 2015 · full format
2015
28-09
NBB filing
Annual accounts filed
financial year 2014 · full format · 59 days late
2014
29-08
NBB filing
Annual accounts filed
financial year 2013 · full format · 29 days late
21-01
NBB filing
Annual accounts filed
financial year 2013 · full format
2013
13-02
NBB filing
Annual accounts filed
financial year 2012 · abbreviated format · 13 days late
Financial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 11 deeds read
About the unread acts
We know of 11 Belgian Official 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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Inactive
Inactive
CORE is no longer in the KBO register.
- Status
- Inactive
- Last annual accounts
- financial year to 31 December 2020
- Last registered office
- Naamsestraat 9, 3000 Leuvenas published on 9 July 2021
- Legal form
- Public limited company
- Active since
- 2012 (first annual accounts)
Recognitions · licences · registrations
Legal Entity Identifier
549300WHZEWIVE8MR802
Environmental permits
5 applications in Flanders since 2018 · 3 granted · 2 refused
Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden
Starten van een ondergeschikte wooneenheid
Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden
Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.