Equity
€953,535 ▲ 20.1%
Coremus has made a profit without a break since 2016.
Coremus
Lifetime
20 annual accounts with figures on one time axis, 24 filings since 2002Gross marginpeak €280,110 (2025)
€280,110▲ 56.1%
Resultlowest -€32,597 (2014)
€159,403▲ 102%
Equitypeak €953,535 (2025)
€953,535▲ 20.1%
Debts
€502,450▼ 26.9%
Board6 names since 2021
2 directorsBV HERTAAN and 1 other
Documentsfilings and deeds
26-06-202635 days before the deadline
2025abbreviated format
Gross margin from €179,445 to €280,110Result from €78,946 to €159,403Equity from €794,132 to €953,535Debts from €687,174 to €502,450
Key points
from the 2025 annual accountsResult
€159,403 ▲ 102%
The result rose in 2025: mostly from a one-off income of €95,728.
Liquidity
2.09 was 1.13 in 2024
Short-term debts fell from €315,953 to €178,161.
Filings
24 annual accounts since 2002
The last five annual accounts were filed 28 to 58 days before the end of the period.
Restructuring
2026
Merger with FLANDERS TECHNICAL SUPPLY. Merger on 17-09-2026.
Board
3 joined
New directors. Latest change 17-09-2026 · 3 in office.
Checked score
97
Excellent
Financially stronger than 73% of micro companies in warehousing and transport support (NACE 52)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.9% across 2,304 companies (NACE 52, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.2%▲ +0.1 percentage points vs 08-2026highest value
10-2026: < 0.1%▼ -0.2 percentage points vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Warehousing and support activities for transportation (NACE 52)
lowers risk
Size: total assets €1.5m
Liquidity: current ratio 2.09, cash €326,613
Founded in 2002
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 52, micro). It does better than 71% of them on solvency, 79% on liquidity, 69% on profitability and 70% on growth.
The bankruptcy probability was computed on 05-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,136 companies had the same profile as Coremus has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of Coremus itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,136 companies, not a prediction for Coremus. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €90,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.09 (1.13 in 2024), above the usual 1.5. Short-term debt is 12.2% and cash 22.4% of total assets. 34.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
58 days early
2023
42 days early
2022
28 days early
2021
52 days early
2020
50 days early
2019
51 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 45 days before the deadline. In the sector (NACE 52), the median for financial year 2024 was 8 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 20 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- Inge Muys 75 sharesdeed of 15-07-2026
- Annemie Muys 75 sharesdeed of 15-07-2026
Recent changes
Merger: IMMO MUDU takes over FLANDERS TECHNICAL SUPPLY
Company renamed from IMMO MUDU to Coremus · Issue of 750 shares · Resignations: HERTAAN (director) and IM Company (director) · General meeting of 20-08-2026 · Gazette deed
Demerger proposal: FLANDERS TECHNICAL SUPPLY splits off to Immo Mudu
Permanent representatives: Annemie Muys and Inge Muys · Appointment: Inge Muys (director) · Annemie Muys holds 375 shares (50%) · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0476677992
2 directors appointed, 3 resignations
Resignations: MUYS ANNEMIE, MUYS INGE and VAN LAERE WIM · Appointments: BV HERTAAN (managing director) and BV IM COMPANY (day-to-day manager) · Permanent representatives: MUYS ANNEMIE and MUYS INGE · General meeting of 01-02-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Coremus Herentals | €1.5m | €280,110 | 65.5% | - |
| MPR Tongeren-Borgloon | €1.4m | €297,397 | 33.2% | - |
| ORBIT MACHINERY Ingelmunster | €1.4m | €238,883 | 26.8% | - |
| JAVA DV Sint-Truiden | €1.7m | €346,646 | 22.4% | - |
| KYARA Tessenderlo-Ham | €1.4m | €203,393 | 78.2% | - |
| MEUBEL LOGISTIEK BENELUX Essen | €1.0m | €434,206 | 18.4% | 4.8 |
| Warehouse VDD Waregem | €1.6m | €311,321 | 91.4% | 1 |
These companies have the same main activity as Coremus: warehousing and storage (NACE 52100). They are comparable in size and age: total assets between €1m and €1.7m, founded between 1994 and 2004.
Official details
Source: KBO- Status
- Active since 15-01-2002Normal situation
- Activity
- Warehousing and storageNACE 52100
- Establishment unit
- 2.095.860.9842200 Herentals, since 12-04-2002
- Financial year end
- 31 December
- Peppol
- Reachable since 17-12-2025
Annual accounts 2025
- Turnover
- ≈ €660,000estimated
- Total assets
- €1.5m▼ 1.7%
- Filing
- Filed on 26-06-2026, 35 days before the end of the filing period
Insights on Coremus
Coremus files the abbreviated format. That format states no turnover. The gross margin rose from €61,740 in 2006 to €280,110 in 2025.
The balance sheet grew most from 2016 to 2018 through fixed assets, financed with long-term debt.
In September 2023, the Official Gazette published the appointment of BV HERTAAN as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Coremus
- What is the company number of Coremus?
- The company number of Coremus is 0476.677.992. The VAT number is the same number with BE in front: BE 0476.677.992.
- Where is Coremus based?
- The registered office is at Lierseweg 279, 2200 Herentals.Company details
- What does Coremus do?
- According to the KBO register, the main activity is warehousing and storage (NACE 52100).
- What is the legal form of Coremus?
- Coremus is a public limited company (NV).
- When was Coremus founded?
- Coremus was founded on 15-01-2002.
- Is Coremus still active?
- Yes, Coremus is an active enterprise in the KBO register.
- What is the turnover of Coremus?
- The turnover in financial year 2025 is ≈ €660,000. This figure is estimated from the gross margin of €280,110 and 2,281 comparable companies of the same size. It probably lies between €400,000 and €1.1m. It is a rough estimate.Financials
- Is Coremus profitable?
- In financial year 2025, Coremus made a profit of €159,403.
- Where can I find the annual accounts of Coremus?
- Coremus filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Coremus due?
- Coremus must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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