Skip to content

CORES DEVELOPMENT

Active
Public limited companyfounded 2007active for 19 yearsMechelsesteenweg 176, 2018 Antwerpen, Belgium12 active companies are registered at this addressKBO/BCE: BE 0889.278.875
Summary

CORES DEVELOPMENT has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38.2m and a net result of €9.1m. Equity is growing by about 14% per year across the filed financial years. Its solvency ranks better than 61% of 5,765 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
CORES DEVELOPMENTActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Development of residential building projects
NACE 68121
6th fastest staff growth in Antwerp, Real estate sector1 site
Size
€25.2moperating revenue 2025
Staff
17.6 FTE
Equity
€38.2m
Profit
€9.1m
Standalone figures, without subsidiaries
Financial health
97 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Largest shareholder
Domest · 40%
Holdings
17
  • SYNEPEIADirector · permanent representative Axel Roussis
  • DomestManaging director · permanent representative Jurgen Van Bogaert
  • ROBINIAManaging director · permanent representative Peter Leyssens
Auditor: Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises2025 accounts 46 days early
Why 97raises riskLiquidity: current ratio 3.34, cash €1.8mlowers riskSize: turnover €10.0m, 17.6 FTE, total assets €74.8m, files consolidated accountsFigures for financial year 2025 (filed 15-06-2026)Founded in 2007Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 77% of its sector peers (NACE 68, small)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 76+6
equity 51.1% of total assets
Liquidity 50-4
short-term debt 14.5% · cash 2.4%
Profitability 88+61
return on assets 12.1%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (6,984 companies, NACE 68, small)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 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 05-2025highest value 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 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €1,000,000 on 30-day terms is acceptable
Liquidity ample (current ratio 3.34, compared with 5.69 in 2024, above the usual 1.5; short-term debt: 14.5% and cash: 2.4% of total assets), and 48.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 68, small): better than 69% on solvency, 57% on liquidity, 96% on profitability and 86% on growth.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 3.34, cash €1.8m
NBB · annual accounts
lowers risk · Size: turnover €10.0m, 17.6 FTE, total assets €74.8m, files consolidated accounts
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed 15-06-2026)
NBB · annual accounts
lowers risk · Founded in 2007
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
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 15-06-2026, 46 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
46 days early
2024
49 days early
2023
44 days early
2022
35 days early
2021
34 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 42 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 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 18 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · consolidated
  2. Annual accounts filedfinancial year 2025 · full…
  3. Amendment of the articlesGazette deed

Key points

  • Positive: Result rose in 2025from €1.1m to €9.1m ▲ 703% View
  • Positive: Among the best 5% on net resultsector median €20,538 · 5,771 companies €9.1m View
  • Heads a groupcompanies controlled 10 View
  • New directorlatest change 01-01-2026 · 3 in office 1 joined View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View
  • Positive: 5 profitable years in a rowprofit 2025: €9.1m 5 years View

By topic

Financials

Financial year
2025
Turnover
€10.0m
Profit
€9.1m
Solvency
51.1%
Turnover▲ 55.5%
Net result
20182025
Go to Financials

Board & ownership

Board
3 members
Largest shareholder
Domest · 40%
Auditor
Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises
  • SYNEPEIADirector
  • DomestManaging director
  • ROBINIAManaging director
Go to Board & ownership

Network & group

Subsidiaries, all levels
10
Direct holdings
17
Connected companies
15
Mergers and asset contributions
1

17 holdings

Go to Network & group

Timeline

Events
50
Since
2007
Next accounts
by 31-07-2027
  1. 31-12-2025Highest result from 2018 to 2025
  2. 31-12-2025Appointment: Triana BV (day-to-day manager)
  3. 13-06-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Development of residential building projectsNACE 68121
Founded
08-05-2007
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
“De vennootschap heeft tot voorwerp, zowel voor eigen rekening als voor rekening van derden…” (deed in Dutch)
Go to Articles of association

Key facts about CORES DEVELOPMENT

What is the company number of CORES DEVELOPMENT?
0889.278.875. In Belgium the VAT number is the company number with BE in front: BE 0889.278.875.
Where is CORES DEVELOPMENT based?
The registered office is at Mechelsesteenweg 176, 2018 Antwerpen.Company details
What does CORES DEVELOPMENT do?
According to the KBO register, the main activity is development of residential building projects (NACE 68121).
What is the legal form of CORES DEVELOPMENT?
Public limited company (NV).
When was CORES DEVELOPMENT founded?
On 08-05-2007.
Is CORES DEVELOPMENT still active?
Yes, CORES DEVELOPMENT is an active enterprise in the KBO register.
How many employees does CORES DEVELOPMENT have?
On average 17.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of CORES DEVELOPMENT?
€10.0m in financial year 2025, according to the filed annual accounts.
Is CORES DEVELOPMENT profitable?
In financial year 2025, CORES DEVELOPMENT made a profit of €9.1m.
Where can I find the annual accounts of CORES DEVELOPMENT?
CORES DEVELOPMENT filed 24 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CORES DEVELOPMENT due?
By 31-07-2027, for financial year 2026.Timeline

Companies related to CORES DEVELOPMENT

Go further with this company

How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies

Your own company? See how customers, suppliers and banks see it and what to improve first.

Investigating this company? Keep it with today's facts in a case file.

We would like to set cookies. That happens only with your consent. What we measure