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Cores Industries

Active
Public limited company·Ontwikkeling van niet-residentiële bouwprojecten· 3 yrs active
Mechelsesteenweg 176 ·2018 Antwerpen, Belgium
KBO/BCE: BE 0803.953.024
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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age3 yrs
Board2
Connections13
Real estate1 parcel · 733 m²

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of Cores Industries is 0.6% (low). The 2024 annual accounts show equity of €885k and a net result of €732k. Its solvency ranks better than 48% of 1697 sector peers (fiscal year 2024). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.

Signals

1 signal · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2023 and 2024).
View the result trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Deadline passed, not yet counted as missing
The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.
Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 19-06-2025, 42 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 2 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 19-06-2025 42 d early 2025-00164601
31-12-2023 31-07-2024 14-06-2024 47 d early 2024-00134688

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
More than 3 years active
Founded in 2023, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.6% Low
0%0,5%1,5%4%10%≥25%
Young company +Lower-failure-rate sector −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€732k+2418.6%
Working capital€6.24M+86.4%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 19-06-2025 with the NBB · fiscal year 2024 · verkort
€0€500k€1.00MOperating result 2023: €57k€57kNet result 2023: €29k€29kOperating result 2024: €1.07M€1.07MNet result 2024: €732k€732k20232024
Operating resultNet result
Sector comparison
Fiscal year 2024 · NACE 68, Real estate activities · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 12.4% 14.3%
better than 48% of 1697 sector peers
Net result €732k €0
better than 95% of 1693 sector peers
Equity €885k €108k
better than 78% of 1697 sector peers
Gross operating margin €1.07M €52k
better than 95% of 1694 sector peers
Total assets €7.13M €1.50M
better than 84% of 1697 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€1.07M
+1748.3% 23-24
Net profit
€732k
+2418.6% 23-24
Cash flow
€733k
+2358.9% 23-24
Total assets
€7.13M
+105.6% 23-24
Equity
€885k
+478.6% 23-24
Working capital
€6.24M
+86.4% 23-24
Income taxes
€274k
+2492.6% 23-24
Debt
€6.25M
+88.4% 23-24
Debt ≤ 1y
€890k
+650.7% 23-24
Debt > 1y
€5.30M
+66.6% 23-24
Current ratio
8.01
-72.6% 23-24
Quick ratio
2.72
-27.1% 23-24
Solvency
12.4%
+181.4% 23-24
Debt / equity
7.06
-67.4% 23-24
ROE
82.7%
+335.3% 23-24
ROA
10.3%
+1124.8% 23-24
Interest coverage
17.55
+427.5% 23-24
Figures by fiscal year
Fiscal year2024
Depositverkort
Revenue-
EBITDA€1.07M
Net profit€732k
Cash flow€733k
Staff costs-
Income taxes€274k
Dividends-
Total assets€7.13M
Equity€885k
Debt€6.25M
of which ≤ 1y€890k
of which > 1y€5.30M
Working capital€6.24M
Employees (FTE)-
Ratios (computed)
2024
Current ratio8.01
Quick ratio2.72
Working capital ratio87.5%
Solvency12.4%
Debt / equity7.06
Long-term debt ratio5.99
Interest coverage17.55
Gross margin-
Net margin-
ROA10.3%
ROE82.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€7.13M
Current assets 29/58€7.13M
Stocks & contracts in progress 3€4.71M
Amounts receivable within one year 40/41€2.39M
Cash & bank 54/58€30k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€7.13M
Equity 10/15€885k
Contributions / capital 10/11€124k
Reserves 13€12k
Accumulated profits (losses) 14€749k
Amounts payable 17/49€6.25M
Amounts payable after one year 17€5.30M
Amounts payable within one year 42/48€890k
Trade debts payable within one year 44€581k
Income statement
Gross operating margin 9900€1.07M
Operating result 9901€1.07M
Financial income 75€833
Financial charges 65€61k
Result before taxes 9903€1.01M
Income taxes 67/77€274k
Net result for the period 9904€732k
Result to be appropriated 9905€732k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
81 / 100 Excellent
050100
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

2 directors
Current directors & mandates
  • TrianaLegal entity
    Daily management· perm. rep.: Vanheukelen, Alexander Lieven Christiane Herlinde
    State Gazette act 26310338 (12-02-2026)
    Current
    01-01-2026 → present
  • Vanheukelen, Alexander Lieven Christiane Herlinde
    Managing director
    State Gazette act 26310338 (12-02-2026)
    Current
    01-01-2026 → present
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Ontwikkeling van niet-residentiële bouwprojecten(68122)
Legal form Public limited company(014)
Incorporation14-07-2023
StatusActive
Postal code2018

Structure & network

Connections & network

13 connected companies
Vanheukelen, Alexander Lieven Christiane Herlinde, Shared director VA Vanheuke…lindeTriana, via Vanheukelen, Alexander Lieven Christiane Herlinde TTrianaC-HIVE, Shared corporate director CC-HIVECadran Properties, Shared corporate director CPCadranPropertiesCORES DEVELOPMENT, Shared corporate director CDCORESDEVELOPMENTCores Properties, Shared corporate director CPCoresPropertiesFriendship Development, Shared corporate director FDFriendshipDevelopmentFriendship E, Shared corporate director FEFriendship EFriendship T, Shared corporate director FTFriendship TKALVENNE, Shared corporate director KKALVENNESOUVERAIN 23 DEVELOPMENT, Shared corporate director S2SOUVERAIN 23DEVELOPMENTSOUVERAIN 23 LAND, Shared corporate director S2SOUVERAIN 23LANDTer Veer, Shared corporate director TVTer VeerThe Quint, Shared corporate director TQThe QuintCores Industries CoresIndustries0803.953.024
Shared directors
Linked via shared directors
Network connections
C-HIVE
Shared corporate director
→
Cadran Properties
Shared corporate director
→
CORES DEVELOPMENT
Shared corporate director
→
Cores Properties
Shared corporate director
→
Friendship Development
Shared corporate director
→
Friendship E
Shared corporate director
→
Friendship T
Shared corporate director
→
KALVENNE
Shared corporate director
→
SOUVERAIN 23 DEVELOPMENT
Shared corporate director
→
SOUVERAIN 23 LAND
Shared corporate director
→
Ter Veer
Shared corporate director
→
The Quint
Shared corporate director
→
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Registered office

on the map · from the address register
exact location from the address register On OpenStreetMap
13 companies at this address See who is registered here

Establishment units

1 location
Cores Industries
Mechelsesteenweg 176, 2018 AntwerpenOntwikkeling van niet-residentiële bouwprojecten
since 20232.347.798.490
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area733 m²
Buildings1
Building footprint733 m²
Volume (LiDAR)9,221 m³
Tallest building31.3 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11810K1543/00K032 Flanders 733 m² 1 · 733 m² 31.3 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

2 acts
All acts · 2 updated 6 months ago
2026
12-02-2026 Articles of association amended Statutes amendment
Summary: v3.2
2023
18-07-2023 Incorporation of a new NV Incorporation
Summary: oprichting

Analysis

Snowflake analysis

financial profile on 5 axes
Health81Profitability100Solvency42Growth78Stability94
79 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 81
Profitability 100
Solvency 42
Growth 78
Stability 94

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Credit advice

verdict per customer and amount

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 251 of the 1,261 companies in this sector. 139 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122
Primary activity highlighted.
Names & trade names
Legal nameNL Cores Industries
Registered office
Mechelsesteenweg 176
2018 Antwerpen, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.