CORES DEVELOPMENT
ActiveSummary
CORES DEVELOPMENT has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €30.8m and a net result of €1.1m. Equity is growing by ~8.1% per year across the filed fiscal years. Its solvency ranks better than 61% of 4838 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability27▼-46
Solvency70▼-6
Growth35▼-17
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600,000 at 30 days acceptable
Liquidity ample (current ratio 5.69 against 3.95 in 2023; short-term debt: 8.5% and cash: 3.2% of total assets), but 55.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
44.5%
Return on assets
1.6%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 12-06-2025, 49 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
49 d early
2023
44 d early
2022
35 d early
2021
34 d early
2020
32 d early
2019
36 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 38 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
On 8 May 2007, CORES DEVELOPMENT was incorporated.1 A capital increase in 2007 brought the capital to EUR 1 million.2 The registered office moved to Wilrijk in 2010 and to Antwerpen in 2015.34 CORES DEVELOPMENT was merged into the company in 2014.5 Of the 4 current board members, SYNEPEIA has served longest, since 2021.6 Revenue went from EUR 14 million in 2018 to EUR 6.5 million in 2024 and headcount from 18 to 17.2 full-time equivalents.7
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Financials · fiscal year 2024, full schema, statutory accounts
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€6.5m▲ 63.6%
2023 · €3.9m
EBIT margin
-3.8%▼ 147.6pp
2023 · 143.7%
Net result
€1.1m▼ 76.6%
2023 · €4.8m
Working capital
€27.6m▲ 23.4%
2023 · €22.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€10.7m▼ 13.5%€10.5m▼ 2.3%€5.6m▼ 46.7%€3.9m▼ 29.4%€6.5m▲ 63.6%
Operating result-€2.6m▼ 62.1%-€3.1m▼ 16.2%€9.9m€5.7m▼ 42.5%-€247,967
Net result-€4.9m€6.7mabove the sector's middle half€8.6mabove the sector's middle half▲ 28.8%€4.8mabove the sector's middle half▼ 44.1%€1.1mabove the sector's middle half▼ 76.6%
EBIT margin-24.7%▼ 11.5pp-29.4%▼ 4.7pp176.6%▲ 206.0pp143.7%▼ 32.8pp-3.8%▼ 147.6pp
Equity€28.3m▲ 231%€28.0mabove the sector's middle half▼ 1.1%€27.4mabove the sector's middle half▼ 2.1%€29.7mabove the sector's middle half▲ 8.2%€30.8mabove the sector's middle half▲ 3.7%
Total assets€71.5m▲ 77.3%€61.7mabove the sector's middle half▼ 13.8%€69.8mabove the sector's middle half▲ 13.1%€58.4mabove the sector's middle half▼ 16.3%€69.2mabove the sector's middle half▲ 18.4%
Debt€43.2m▲ 36.4%€33.7m▼ 22.1%€41.5m▲ 23.2%€25.3m▼ 38.9%€37.9m▲ 49.5%
Working capital€17.7m▲ 33.4%€15.4mabove the sector's middle half▼ 13.2%€2.7mabove the sector's middle half▼ 82.3%€22.3mabove the sector's middle half▲ 720%€27.6mabove the sector's middle half▲ 23.4%
Solvency39.6%▲ 18.4pp45.4%within the sector's middle half▲ 5.8pp39.3%within the sector's middle half▼ 6.1pp50.8%within the sector's middle half▲ 11.5pp44.5%within the sector's middle half▼ 6.3pp
Current ratio3.56▲ 0.354.96above the sector's middle half▲ 1.401.11within the sector's middle half▼ 3.853.95above the sector's middle half▲ 2.845.69above the sector's middle half▲ 1.73
Return on assets (ROA)-6.9%▼ 14.9pp10.9%above the sector's middle half▲ 17.7pp12.4%above the sector's middle half▲ 1.5pp8.3%above the sector's middle half▼ 4.1pp1.6%within the sector's middle half▼ 6.6pp
Staff (FTE)20=17.2above the sector's middle half▼ 14.0%16above the sector's middle half▼ 7.0%15.7above the sector's middle half▼ 1.9%17.2above the sector's middle half▲ 9.6%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €247,967 after €5.7m in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €69.1m
Fixed assets
€35.6m ▲ 25.9%
Current assets
€33.4m ▲ 11.8%
Equity and liabilities €69.2m
Equity
€30.8m ▲ 3.7%
Provisions
€500,000 ▼ 85.3%
Debt
€37.9m ▲ 49.5%
Debt's share of the balance-sheet total rises from 43.4% to 54.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€260,576▼
2023 · €6.1m
Cash flow
€1.6m▼
2023 · €5.3m
Quick ratio
1.93▲
2023 · 1.88
Debt to equity
1.23▲
2023 · 0.85
ROE
3.7%▼
2023 · 16.3%
Interest coverage
0.18▼
2023 · 3.71
Debt ≤ 1 year
€5.9m▼
2023 · €7.6m
Debt > 1 year
€30.3m▲
2023 · €17.7m
Income taxes
€33,929▲
2023 · €11,663
Staff costs
€1.6m▲
2023 · €1.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,045 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.3%
went bankrupt
3.6%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,045 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €8.7m | €24.1m | €24.0m | €8.4m | ▼ 65.1% |
| Turnover70 | €10.7m | €10.5m | €5.6m | €3.9m | €6.5m | ▲ 63.6% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | -€5.5m | €557,408 | €5.0m | €1.3m | ▼ 73.3% |
| Other operating income74 | - | €2.4m | €18.0m | €14.7m | €574,903 | ▼ 96.1% |
| Non-recurring operating income76A | - | €1.3m | - | €316,711 | - | - |
| Operating charges60/66A | - | €11.7m | €14.3m | €18.3m | €8.6m | ▼ 52.9% |
| Goods for resale, raw materials and consumables60 | - | €333,829 | €1.6m | - | €786,460 | - |
| Purchases600/8 | - | €333,829 | €1.6m | - | €786,460 | - |
| Services and other goods61 | - | €8.8m | €11.8m | €14.1m | €12.5m | ▼ 11.0% |
| Remuneration, social security and pensions62 | - | €1.4m | €1.4m | €1.5m | €1.6m | ▲ 7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €480,820 | €491,290 | €455,333 | €461,735 | €508,543 | ▲ 10.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €661,024 | -€1.9m | -€355,515 | -€4.5m | ▼ 1,166% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €855,077 | €2.5m | -€2.9m | ▼ 214% |
| Other operating charges640/8 | - | €38,384 | €52,771 | €45,359 | €566,010 | ▲ 1,148% |
| Non-recurring operating charges66A | - | €6,450 | - | - | - | - |
| Operating profit (loss)9901 | -€2.6m | -€3.1m | €9.9m | €5.7m | -€247,967 | ▼ 104% |
| Financial income75/76B | - | €11.9m | €758,801 | €3.4m | €3.3m | ▼ 2.6% |
| Recurring financial income75 | €5.3m | €11.9m | €758,801 | €3.4m | €3.3m | ▼ 2.6% |
| Income from financial fixed assets750 | - | €11.8m | €641,837 | €3.3m | €3.3m | ▲ 1.1% |
| Income from current assets751 | - | - | €31,211 | €46,120 | €3,982 | ▼ 91.4% |
| Other financial income752/9 | - | €73,211 | €85,753 | €81,867 | €4 | ▼ 100.0% |
| Financial charges65/66B | - | €2.1m | €2.0m | €4.3m | €1.9m | ▼ 54.6% |
| Recurring financial charges65 | €2.3m | €2.1m | €1.6m | €1.9m | €1.8m | ▼ 5.8% |
| Debt charges650 | €2.3m | €2.1m | €1.6m | €1.7m | €1.5m | ▼ 11.6% |
| Other financial charges652/9 | - | €35,493 | €44,231 | €247,172 | €328,598 | ▲ 32.9% |
| Non-recurring financial charges66B | - | - | €375,343 | €2.4m | €143,000 | ▼ 93.9% |
| Profit (loss) for the period before taxes9903 | -€4.9m | €6.7m | €8.6m | €4.8m | €1.2m | ▼ 75.9% |
| Income taxes67/77 | €42,115 | €3,081 | €2,480 | €11,663 | €33,929 | ▲ 191% |
| Taxes670/3 | - | €3,081 | €2,480 | €11,663 | €33,929 | ▲ 191% |
| Profit (loss) for the period9904 | -€4.9m | €6.7m | €8.6m | €4.8m | €1.1m | ▼ 76.6% |
| Profit (loss) for the period to be appropriated9905 | -€4.9m | €6.7m | €8.6m | €4.8m | €1.1m | ▼ 76.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71.5m | €61.7m | €69.8m | €58.4m | €69.2m | ▲ 18.4% |
| Formation expenses20 | €541,524 | €433,219 | €324,915 | €216,610 | €108,456 | ▼ 49.9% |
| Fixed assets21/28 | €46.4m | €42.0m | €42.7m | €28.3m | €35.6m | ▲ 25.9% |
| Intangible fixed assets21 | €351,586 | €503,695 | €621,838 | €649,600 | €615,342 | ▼ 5.3% |
| Tangible fixed assets22/27 | €2.1m | €977,716 | €841,387 | €701,458 | €824,541 | ▲ 17.5% |
| Plant, machinery and equipment23 | - | €29,423 | €36,302 | €71,707 | €90,290 | ▲ 25.9% |
| Furniture and vehicles24 | - | €136,382 | €63,355 | €35,003 | €34,748 | ▼ 0.7% |
| Leasing and similar rights25 | - | €31,207 | €14,964 | €21,032 | €101,732 | ▲ 384% |
| Other tangible fixed assets26 | - | €780,705 | €726,767 | €573,716 | €597,771 | ▲ 4.2% |
| Financial fixed assets28 | €44.3m | €40.5m | €41.2m | €26.9m | €34.2m | ▲ 26.8% |
| Affiliated companies280/1 | - | €27.9m | €26.6m | €21.5m | €22.5m | ▲ 4.8% |
| Participating interests280 | - | €23.7m | €16.3m | €15.8m | €15.8m | = |
| Amounts receivable281 | - | €4.2m | €10.2m | €5.7m | €6.7m | ▲ 18.0% |
| Companies linked by participating interests282/3 | - | €12.6m | €14.7m | €5.4m | €11.0m | ▲ 102% |
| Participating interests282 | - | €9.8m | €11.0m | €3.7m | €3.7m | ▲ 0.9% |
| Amounts receivable283 | - | €2.8m | €3.6m | €1.8m | €7.3m | ▲ 310% |
| Other financial fixed assets284/8 | - | €6,046 | €320 | €320 | €660,160 | ▲ 206,200% |
| Amounts receivable and cash guarantees285/8 | - | €6,046 | €320 | €320 | €660,160 | ▲ 206,200% |
| Current assets29/58 | €24.6m | €19.2m | €26.7m | €29.9m | €33.4m | ▲ 11.8% |
| Amounts receivable after more than one year29 | - | - | €5.6m | - | - | - |
| Other amounts receivable291 | - | - | €5.6m | - | - | - |
| Stocks and contracts in progress3 | €14.0m | €7.8m | €10.2m | €15.7m | €22.1m | ▲ 40.6% |
| Stocks30/36 | - | €7.8m | €10.2m | €15.7m | €22.1m | ▲ 40.6% |
| Property held for sale35 | - | €7.8m | €10.2m | €15.7m | €22.1m | ▲ 40.6% |
| Amounts receivable within one year40/41 | €9.7m | €9.7m | €7.9m | €13.2m | €8.2m | ▼ 37.6% |
| Trade receivables40 | - | €6.8m | €4.5m | €5.4m | €7.3m | ▲ 34.6% |
| Other amounts receivable41 | - | €2.9m | €3.4m | €7.8m | €963,987 | ▼ 87.6% |
| Current investments50/53 | - | - | €1.0m | - | - | - |
| Other investments51/53 | - | - | €1.0m | - | - | - |
| Cash at bank and in hand54/58 | €694,034 | €1.4m | €897,950 | €254,207 | €2.2m | ▲ 763% |
| Deferred charges and accrued income490/1 | - | €317,097 | €1.1m | €733,797 | €924,774 | ▲ 26.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71.5m | €61.7m | €69.8m | €58.4m | €69.2m | ▲ 18.4% |
| Equity10/15 | €28.3m | €28.0m | €27.4m | €29.7m | €30.8m | ▲ 3.7% |
| Contributions10/11 | €1.0m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Capital10 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | - | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Outside capital11 | - | €94,202 | €94,202 | €94,202 | €94,202 | = |
| Share premium1100/10 | - | €94,202 | €94,202 | €94,202 | €94,202 | = |
| Revaluation surpluses12 | - | €18.0m | €13.8m | €13.8m | €13.8m | = |
| Reserves13 | €7.5m | €8.9m | €8.9m | €8.9m | €8.9m | = |
| Non-distributable reserves130/1 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Legal reserve130 | - | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Distributable reserves133 | - | €8.8m | €8.8m | €8.8m | €8.8m | = |
| Profit (loss) carried forward14 | €711,346 | €291 | €3.6m | €5.9m | €7.0m | ▲ 18.7% |
| Provisions and deferred taxes16 | €122,345 | - | €855,077 | €3.4m | €500,000 | ▼ 85.3% |
| Provisions for liabilities and charges160/5 | - | - | €855,077 | €3.4m | €500,000 | ▼ 85.3% |
| Other liabilities and charges164/5 | - | - | €855,077 | €3.4m | €500,000 | ▼ 85.3% |
| Amounts payable17/49 | €43.2m | €33.7m | €41.5m | €25.3m | €37.9m | ▲ 49.5% |
| Amounts payable after more than one year17 | €34.2m | €27.9m | €17.5m | €17.7m | €30.3m | ▲ 71.4% |
| Financial debts170/4 | - | €27.9m | €17.5m | €17.7m | €30.3m | ▲ 71.4% |
| Subordinated loans170 | - | €23.5m | €15.0m | €15.0m | €24.0m | ▲ 60.0% |
| Leasing and similar obligations172 | - | €1,110 | - | €14,201 | €68,347 | ▲ 381% |
| Credit institutions173 | - | €2.8m | €2.5m | €2.6m | €6.2m | ▲ 136% |
| Other loans174 | - | €1.6m | - | €60,000 | €80,000 | ▲ 33.3% |
| Amounts payable within one year42/48 | €6.9m | €3.9m | €24.0m | €7.6m | €5.9m | ▼ 22.3% |
| Current portion of amounts payable after more than one year42 | - | €17,618 | - | €1.9m | €2.3m | ▲ 22.2% |
| Financial debts43 | - | €339,597 | - | - | - | - |
| Credit institutions430/8 | - | €339,597 | - | - | - | - |
| Trade debts44 | €2.8m | €1.9m | €2.5m | €1.5m | €2.4m | ▲ 63.8% |
| Suppliers440/4 | - | €1.9m | €2.5m | €1.5m | €2.4m | ▲ 63.8% |
| Advances received on contracts in progress46 | - | €1.2m | €16.1m | €426,865 | €311,892 | ▼ 26.9% |
| Taxes, remuneration and social security45 | - | €152,364 | €147,797 | €182,417 | €243,493 | ▲ 33.5% |
| Taxes450/3 | - | €6,173 | €639 | €7,947 | €90,643 | ▲ 1,041% |
| Remuneration and social security454/9 | - | €146,191 | €147,157 | €174,470 | €152,850 | ▼ 12.4% |
| Other amounts payable47/48 | - | €304,197 | €5.2m | €3.6m | €573,842 | ▼ 83.9% |
| Accrued charges and deferred income492/3 | - | €1.9m | - | €91,225 | €1.7m | ▲ 1,755% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4.9m | €6.7m | €8.6m | €4.8m | €1.1m | ▼ 76.6% |
| + Depreciation and write-downs630 | €480,820 | €491,290 | €455,333 | €461,735 | €508,543 | ▲ 10.1% |
| Operating cash flow (approximation) | -€4.4m | €7.2m | €9.1m | €5.3m | €1.6m | ▼ 69.0% |
| Investment in fixed assets (approximation) | - | €3.9m | -€1.2m | €13.9m | -€7.8m | ▼ 156% |
| Change in cash | - | €723,962 | -€520,046 | -€643,743 | €1.9m | ▲ 401% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
16-02
State Gazette act
Statutes amendment2 facts ▸
State Gazette act
Statutes amendment
2 facts ▸
- General meeting, 06-02-2026
- Statutes amendment
2025
31-12
State Gazette act
Appointment: Triana BV (day-to-day manager)Permanent representative: Alexander Vanheukelen · Officer title4 facts ▸
State Gazette act
Appointment: Triana BV (day-to-day manager)
Permanent representative: Alexander Vanheukelen · Officer title4 facts ▸
- Board meeting, 16-12-2025
- Director appointment, Triana BV (day-to-day manager)
- Permanent representative, Alexander Vanheukelen
- Officer title
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · consolidated
2024
14-08
State Gazette act
Appointments: Domest BV, Robinia BV and Synepeia BVPermanent representatives: Jurgen Van Bogaert, Peter Leyssens and 2 others · Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)12 facts ▸
State Gazette act
Appointments: Domest BV, Robinia BV and Synepeia BV
Permanent representatives: Jurgen Van Bogaert, Peter Leyssens and 2 others · Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)12 facts ▸
- Board meeting, 17-05-2024
- General meeting, 07-06-2024
- Director appointment, Domest BV (director)
- Director appointment, Robinia BV (director)
- Director appointment, Synepeia BV (director)
- Director appointment, Domest BV (managing director)
- Director appointment, Robinia BV (managing director)
- Permanent representative, Jurgen Van Bogaert
- Permanent representative, Peter Leyssens
- Permanent representative, Axel Roussis
- Permanent representative, Ben Vandeweyer
- Auditor reappointment, Deloitte Bedrijfsrevisoren BV
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · consolidated
2023
31-12
Financial
Liquidity quadruplescurrent ratio 3.95
Current ratio from 1.11 to 3.95; short-term debt falls from €24.0m to €7.6m.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · consolidated
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €8.6m ▲28.8%
Operating result €9.9m, net result €8.6m, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · consolidated
Show earlier events
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
11-01
State Gazette act
Resignations & appointmentsResignation: Nivo3 BV (director) · Appointment: Robinia BV (director) · Permanent representatives: Peter Leyssens and Jurgen Van Bogaert10 facts ▸
State Gazette act
Resignations & appointments
Resignation: Nivo3 BV (director) · Appointment: Robinia BV (director) · Permanent representatives: Peter Leyssens and Jurgen Van Bogaert10 facts ▸
- General meeting, 28-10-2021
- Director resignation, Nivo3 BV (director)
- Director discharge, Nivo3 BV
- Director appointment, Robinia BV (director)
- Permanent representative, Peter Leyssens
- Board meeting, 28-10-2021
- Director resignation, Nivo3 BV (managing director)
- Director appointment, Robinia BV (managing director)
- Permanent representative, Jurgen Van Bogaert
- Merger, 27-10-2021
2021
31-12
Financial
Back to profitnet €6.7m
Net result €6.7m after one loss-making year.
15-09
State Gazette act
Capital & shares · Statutes amendmentCapital · Shareholders agreement · Board governance7 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Capital · Shareholders agreement · Board governance7 facts ▸
- General meeting, 30-08-2021
- Statutes amendment
- Capital, €1.000.000
- Statutes amendment
- Statutes amendment
- Shareholders agreement, Aandeelhoudersovereenkomst
- Board governance, Board of 3 directors: one nominated by Partij 1 shareholder (Partij 1 Bestuurder), one by Partij 2 shareholder (Partij 2 Bestuurder), one by Partij 3 shareholde…
19-07
State Gazette act
Appointments: Domest BV (director and managing director) and Synepeia BV (director)Permanent representatives: Jurgen Van Bogaert, Axel Roussis and 2 others · Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor) · Resignations: Mollitiam NV (director and managing director) and Boplicity BV (director)11 facts ▸
State Gazette act
Appointments: Domest BV (director and managing director) and Synepeia BV (director)
Permanent representatives: Jurgen Van Bogaert, Axel Roussis and 2 others · Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor) · Resignations: Mollitiam NV (director and managing director) and Boplicity BV (director)11 facts ▸
- General meeting, 25-06-2021
- Director appointment, Domest BV (director and managing director)
- Permanent representative, Jurgen Van Bogaert
- Director appointment, Synepeia BV (director)
- Permanent representative, Axel Roussis
- Auditor reappointment, Deloitte Bedrijfsrevisoren BV
- Permanent representative, Ben Vandeweyer
- Director resignation, Mollitiam NV (director and managing director)
- Permanent representative, Jurgen Van Bogaert
- Director resignation, Boplicity BV (director)
- Permanent representative, Paul Depuydt
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
18-03
State Gazette act
Resignation: Havanges BV (director)Permanent representatives: Hans Van Gestel and Jurgen Van Bogaert · Director discharge5 facts ▸
State Gazette act
Resignation: Havanges BV (director)
Permanent representatives: Hans Van Gestel and Jurgen Van Bogaert · Director discharge5 facts ▸
- General meeting, 31-12-2020
- Director resignation, Havanges BV (director)
- Director discharge, Havanges BV
- Permanent representative, Hans Van Gestel
- Permanent representative, Jurgen Van Bogaert
2020
31-12
Financial
Weakest financial yearnet -€4.9m
Net result drops to -€4.9m, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €25mEq €28.3m ▲231%
Equity rises from €8.6m to €28.3m.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2018
24-12
State Gazette act
Appointment: Havanges BVBA (managing director)Permanent representative: Hans Van Gestel3 facts ▸
State Gazette act
Appointment: Havanges BVBA (managing director)
Permanent representative: Hans Van Gestel3 facts ▸
- Board meeting, 15-11-2018
- Director appointment, Havanges BVBA (managing director)
- Permanent representative, Hans Van Gestel
31-07
State Gazette act
Reappointments: Nivo3 BVBA, Mollitiam NV and 3 othersPermanent representatives: Peter Leyssens, Jurgen Van Bogaert and 3 others12 facts ▸
State Gazette act
Reappointments: Nivo3 BVBA, Mollitiam NV and 3 others
Permanent representatives: Peter Leyssens, Jurgen Van Bogaert and 3 others12 facts ▸
- General meeting, 01-06-2018
- Director reappointment, Nivo3 BVBA (director and managing director)
- Permanent representative, Peter Leyssens
- Director reappointment, Mollitiam NV (director and managing director)
- Permanent representative, Jurgen Van Bogaert
- Director reappointment, Havanges BVBA (director)
- Permanent representative, Hans Van Gestel
- Director reappointment, Boplicity BVBA (director)
- Permanent representative, Paul Depuydt
- General meeting, 15-06-2018
- Auditor reappointment, Deloitte Bedrijfsrevisoren BV ovve CVBA
- Permanent representative, Ben Vandeweyer
2017
17-08
State Gazette act
Resignations: Peter Leyssens BVBA (director and managing director) and Juriss BVBA (director and managing director)Appointments: Nivo 3 BVBA (director and managing director) and Mollitiam NV (director and managing director) · Permanent representatives: Peter Leyssens and Jurgen Van Bogaert9 facts ▸
State Gazette act
Resignations: Peter Leyssens BVBA (director and managing director) and Juriss BVBA (director and managing director)
Appointments: Nivo 3 BVBA (director and managing director) and Mollitiam NV (director and managing director) · Permanent representatives: Peter Leyssens and Jurgen Van Bogaert9 facts ▸
- General meeting, 06-07-2017
- Director resignation, Peter Leyssens BVBA (director and managing director)
- Director resignation, Juriss BVBA (director and managing director)
- Director appointment, Nivo 3 BVBA (director and managing director)
- Director appointment, Mollitiam NV (director and managing director)
- Permanent representative, Peter Leyssens
- Permanent representative, Jurgen Van Bogaert
- Permanent representative, Peter Leyssens
- Permanent representative, Jurgen Van Bogaert
2016
18-01
State Gazette act
Appointment: Deloitte Bedrijfsrevisoren (statutory auditor)Permanent representative: Peter Leyssens3 facts ▸
State Gazette act
Appointment: Deloitte Bedrijfsrevisoren (statutory auditor)
Permanent representative: Peter Leyssens3 facts ▸
- General meeting, 15-12-2015
- Auditor appointment, Deloitte Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Peter Leyssens
2015
19-10
State Gazette act
Permanent representative: Peter LeyssensRegistered-office move3 facts ▸
State Gazette act
Permanent representative: Peter Leyssens
Registered-office move3 facts ▸
- Board meeting, 07-10-2015
- Registered-office move, Mechelsesteenweg 176-2018 Antwerpen
- Permanent representative, Peter Leyssens
2014
30-07
State Gazette act
Statutes amendment · RestructuringMerger · Accounting effect · Name change8 facts ▸
State Gazette act
Statutes amendment · Restructuring
Merger · Accounting effect · Name change8 facts ▸
- General meeting, 30-06-2014
- Merger, 30-06-2014
- Accounting effect, 01-01-2014
- Name change, Cores Development
- Statutes amendment
- Power of attorney, Vanderveken Fiduciaire
- Merger accounting date, 31-12-2013
- Merger condition, zonder kapitaalverhoging en zonder omwisseling van aandelen
27-05
State Gazette act
RestructuringMerger · Name change · Capital6 facts ▸
State Gazette act
Restructuring
Merger · Name change · Capital6 facts ▸
- Merger, fusion by absorption
- Name change, Cores Development NV
- Capital, €1.000.000
- Capital, €62.400
- Accounting effect, 01-01-2014
- Power of attorney, SPECK N.V.
06-05
State Gazette act
Appointment: BOPLICITY (director)Permanent representative: Paul Depuydt · Statutes amendment4 facts ▸
State Gazette act
Appointment: BOPLICITY (director)
Permanent representative: Paul Depuydt · Statutes amendment4 facts ▸
- General meeting, 11-04-2014
- Statutes amendment
- Director appointment, BOPLICITY (director)
- Permanent representative, Paul Depuydt
2013
02-04
State Gazette act
Resignations: Peter Leyssens, Jurgen Van Bogaert and HavangesAppointments: Peter Leyssens, Juriss and Havanges · Permanent representatives: Leyssens Peter, Van Bogaert Jurgen Carl Ludwig and Van Gestel Hans Bart Anna15 facts ▸
State Gazette act
Resignations: Peter Leyssens, Jurgen Van Bogaert and Havanges
Appointments: Peter Leyssens, Juriss and Havanges · Permanent representatives: Leyssens Peter, Van Bogaert Jurgen Carl Ludwig and Van Gestel Hans Bart Anna15 facts ▸
- General meeting, 11-02-2013
- Director resignation, Peter Leyssens (director)
- Director resignation, Jurgen Van Bogaert (director)
- Director resignation, Havanges (director)
- Director appointment, Peter Leyssens (director)
- Permanent representative, Leyssens Peter
- Director appointment, Juriss (director)
- Permanent representative, Van Bogaert Jurgen Carl Ludwig
- Director appointment, Havanges (director)
- Permanent representative, Van Gestel Hans Bart Anna
- Board meeting
- Director resignation, Peter Leyssens (managing director)
- +3 further facts in this act
2011
23-03
State Gazette act
Appointments: Peter Leyssens, Jurgen Van Bogaert and HavangesPermanent representatives: Peter Leyssens, Jurgen Carl Ludwig Van Bogaert and Hans Bart Anna Van Gestel · Statutes amendment · Director resignation16 facts ▸
State Gazette act
Appointments: Peter Leyssens, Jurgen Van Bogaert and Havanges
Permanent representatives: Peter Leyssens, Jurgen Carl Ludwig Van Bogaert and Hans Bart Anna Van Gestel · Statutes amendment · Director resignation16 facts ▸
- General meeting, 08-02-2011
- Statutes amendment
- Director resignation
- Director discharge
- Director appointment, Peter Leyssens (director)
- Permanent representative, Peter Leyssens
- Director appointment, Jurgen Van Bogaert (director)
- Permanent representative, Jurgen Carl Ludwig Van Bogaert
- Director appointment, Havanges (director)
- Permanent representative, Hans Bart Anna Van Gestel
- Board meeting, 08-02-2011
- Director appointment, Peter Leyssens (managing director)
- +4 further facts in this act
2010
22-12
State Gazette act
Permanent representative: Peter LeyssensRegistered-office move3 facts ▸
State Gazette act
Permanent representative: Peter Leyssens
Registered-office move3 facts ▸
- Board meeting, 29-11-2010
- Registered-office move, Heistraat 71- 2610 WILRIJK
- Permanent representative, Peter Leyssens
01-09
State Gazette act
Appointment: Havanges BVBA (director)Permanent representative: Hans Var Gestel · Resignations: Johar De Clercq (director) and BVBA Westgate Services (director)5 facts ▸
State Gazette act
Appointment: Havanges BVBA (director)
Permanent representative: Hans Var Gestel · Resignations: Johar De Clercq (director) and BVBA Westgate Services (director)5 facts ▸
- General meeting, 12-07-2010
- Director appointment, Havanges BVBA (director)
- Permanent representative, Hans Var Gestel
- Director resignation, Johar De Clercq (director)
- Director resignation, BVBA Westgate Services (director)
2007
25-06
State Gazette act
MiscellaneousShareholder written resolution · Approval2 facts ▸
State Gazette act
Miscellaneous
Shareholder written resolution · Approval2 facts ▸
- Shareholder written resolution, 23-05-2007
- Approval, 23-05-2007
06-06
State Gazette act
Appointments: Maes, Carl Maria, De Clercq, Johan Marcel Maria and 2 othersCapital increase · Capital7 facts ▸
State Gazette act
Appointments: Maes, Carl Maria, De Clercq, Johan Marcel Maria and 2 others
Capital increase · Capital7 facts ▸
- General meeting, 16-05-2007
- Capital increase, €450.000
- Capital, €1.000.000
- Director appointment, Maes, Carl Maria (director)
- Director appointment, De Clercq, Johan Marcel Maria (director)
- Director appointment, Peter Leyssens (director)
- Director appointment, Jurgen Van Bogaert (director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
21 of 21 acts read
Directors · office · real estate
Directors
3 directors, 3 in day-to-day management, no change since 2026
Board 3
SYNEPEIA
CurrentDirector · since 01-01-2021 · Private limited company · perm. rep.: Axel Roussis
Domest
CurrentDirector · since 01-04-2021 · Private limited company · perm. rep.: Jurgen Van Bogaert
ROBINIA
CurrentDirector · since 28-10-2021 · Private limited company · perm. rep.: Peter Leyssens
4 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
De Clercq, Johan Marcel Maria
Not recently confirmedDirector · since 16-05-2007
Maes, Carl Maria
Not recently confirmedDirector · since 16-05-2007
Havanges BVBA
Not recently confirmedDirector · since 12-07-2010 · Legal entity · perm. rep.: Hans Var Gestel
Nivo3
Not recently confirmedDirector and managing director · since 06-07-2017 · Legal entity · perm. rep.: Peter Leyssens
Day-to-day management 3
Domest
CurrentManaging director · since 01-04-2021 · Private limited company · perm. rep.: Jurgen Van Bogaert
ROBINIA
CurrentManaging director · since 28-10-2021 · Private limited company · perm. rep.: Peter Leyssens
Triana
CurrentDay-to-day manager · since 01-01-2026 · Private limited company · perm. rep.: Alexander Vanheukelen
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Nivo3
Not recently confirmedDirector and managing director · since 06-07-2017 · Legal entity · perm. rep.: Peter Leyssens
Permanent representatives 4
Axel Roussis
CurrentPermanent representative · since 01-01-2021 · for SYNEPEIA
Jurgen Van Bogaert
CurrentPermanent representative · since 01-04-2021 · for Domest
Peter Leyssens
CurrentPermanent representative · since 28-10-2021 · for ROBINIA
Alexander Vanheukelen
CurrentPermanent representative · since 01-01-2026 · for Triana
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Hans Var Gestel
Not recently confirmedPermanent representative · since 12-07-2010 · for Havanges BVBA
Statutory auditor 1
Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises
CurrentAuditor · since 15-12-2015 · perm. rep.: Ben Vandeweyer
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2007
Ground area
733 m²
Building footprint
733 m²
Volume, LiDAR
9,221 m³
Parcel 11810K1543/00K032, Flanders · tallest building 31.3 m, ±4 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
Cores Development
since 20072.162.892.439
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1543/00K032 | Flanders | 733 m² | 1 · 733 m² | 31.3 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
15 people since 2007, 9 in office
- Board
- Day-to-day management
- Statutory auditor
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Domest |
|
| ROBINIA |
|
| SYNEPEIA |
|
| Triana |
|
| Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises |
|
| De Clercq, Johan Marcel Maria |
|
| Maes, Carl Maria |
|
| Havanges BVBA |
|
| Nivo3 |
|
| Mollitiam |
|
| BOPLICITY |
|
| Havanges |
|
| JURISS |
|
| BVBA Westgate Services |
|
| Johar De Clercq |
|
Articles of association
Purpose
De vennootschap heeft tot voorwerp, zowel voor eigen rekening als voor rekening van derden in België als in het buitenland: 1. Het rechtstreeks of onrechtstreeks participeren of…
Full purpose
De vennootschap heeft tot voorwerp, zowel voor eigen rekening als voor rekening van derden in België als in het buitenland: 1. Het rechtstreeks of onrechtstreeks participeren of investeren... 2. Het uitrusten, inrichten en tot waarde brengen... 3. De aankoop en de verkoop van alle onbebouwde en gebouwde onroerende goederen... 4. Het aanvaarden en uitoefenen van alle mandaten en opdrachten...
Structure & network
Owners and holdings
1 owner · 18 holdingsOwners 1
- Sourceaccounts Domest 202540%
Holdings 18
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
50%
-
50%
-
50%
Show 8 more holdings
-
50%
-
50%
- Equity €1.9mResult €1.2m50%
- Equity €516,396Result €448,74650%
- Sourceaccounts Piper 202525%
-
25%
-
25%
-
20%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
-
50%
According to the 2024 annual accounts of CORES DEVELOPMENT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
8 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
ETION Synergia
Shared director
→
Nivo3
Shared director
→
ALIDES REAL ESTATE INVESTMENT AND MANAGEMENT
Shared corporate director
→
B & R
Shared corporate director
→
Show 4 more companies with a shared director
H. ESSERS
Shared corporate director
→
HOOYBERGHS
Shared corporate director
→
RECIPE
Shared corporate director
→
TELEVIC GROUP
Shared corporate director
→
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
Acquisitions and mergers
1 transactionTook over:CORES DEVELOPMENT
Capital and shareholders
Capital over the years
- 15-09-2021 Capital stated in 2 acts · 1,000,000 EUR · 100,000 shares
- 06-06-2007 Capital increase of 450,000 EUR · to 1,000,000 EUR · in cash
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 7,353 EUR awarded · 7,306 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 343 EUR | 296 EUR |
| 2024 | 1 | 3,692 EUR | 3,692 EUR |
| 2023 | 1 | 531 EUR | 657 EUR |
| 2022 | 2 | 2,787 EUR | 2,661 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300016543420G1B89
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Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 515 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded08-05-2007
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68122Development of non-residential building projects
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0889278875
Registered
09-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.