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Generated 13-08-2026
Active BE 0803.953.024Public limited company

Cores Industries

Mechelsesteenweg 176 ·2018 Antwerpen, Belgium· 3 yrs active
Sector: Ontwikkeling van niet-residentiële bouwprojecten (68122)
Conclusion Checked

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.
Key figures
Equity €885k
Net result €732k
Better than sector 48%
Active 3 yrs
Snowflake analysis 5 of 5 axes measured · computed by Checked
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
Bankruptcy probability (12 mo) Checked model v1 · free
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?

Risk Assessment rule-based
0 / 100
Low risk
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 0 events
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.
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.

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Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview2 NBB filings
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.
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.
Legal Structure
NACE primary Ontwikkeling van niet-residentiële bouwprojecten(68122)
Legal form Public limited company(014)
Incorporation14-07-2023
StatusActive
Postal code2018
Connections & network 13 connected companies
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.
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).
Real-estate footprint Source: CBE × cadastre

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.
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
12-02-2026
State Gazette act Statutes amendment
v3.2
2025
19-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
14-06-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
18-07-2023
State Gazette act Incorporation
oprichting
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
Technical details 
{
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "statute_change": {
    "name_change": false,
    "seat_change": false,
    "object_change": false,
    "effective_date": "2026-01-01",
    "legal_form_change": false
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0803.953.024",
    "name_full": "CORES INDUSTRIES",
    "legal_form": "NV"
  },
  "signature_regime": "solo",
  "special_mandates": [],
  "governance_change": {
    "admin_delegated_added": [
      {
        "name": "Vanheukelen, Alexander Lieven Christiane Herlinde",
        "quote": "haar bestuursorgaan heeft de heer Vanheukelen, Alexander Lieven Christiane Herlinde, wonende te 2600 Antwerpen (Berchem), Boomgaardstraat 268, benoemd tot vaste vertegenwoordiger, gelast met de uitvoering van de opdracht in naam en voor rekening van de vennootschap-dagelijks bestuurder.",
        "excluded_powers": null
      }
    ]
  }
}
2023
18-07-2023 Incorporation of a new NV Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "2018 Antwerpen, Mechelsesteenweg 176",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": {
        "kbo": "0878.603.333",
        "name": "Robinia"
      },
      "kind": "rechtspersoon",
      "person": null,
      "share_class": null,
      "partner_role": null,
      "holder_org_kbo": "0878.603.333",
      "holder_org_name": "Robinia",
      "contribution_type": "cash",
      "amount_paid_in_eur": null,
      "holder_person_name": null,
      "is_subscriber_only": true,
      "n_shares_subscribed": null,
      "amount_subscribed_eur": null,
      "is_anonymous_silent_partner": false
    },
    {
      "org": {
        "kbo": "0471.330.027",
        "name": "Domest"
      },
      "kind": "rechtspersoon",
      "person": null,
      "share_class": null,
      "partner_role": null,
      "holder_org_kbo": "0471.330.027",
      "holder_org_name": "Domest",
      "contribution_type": "cash",
      "amount_paid_in_eur": null,
      "holder_person_name": null,
      "is_subscriber_only": true,
      "n_shares_subscribed": null,
      "amount_subscribed_eur": null,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 123900,
  "subject_company": {
    "kbo": "0803.953.024",
    "name_full": "Cores Industries",
    "legal_form": "NV"
  },
  "initial_directors": [],
  "incorporation_date": "2023-07-13",
  "post_incorporation_mandates": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works
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.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative