Coretecs
Annual accounts 2025
full format, filed on 27-07-2026, 4 days before the deadlineMoney flows
of every €100 of turnover, €11.66 was lost in 2025Balance sheet
balance sheet total €469,535 on 31-12-2025in euro
in euro
Position in the sector
-126.9%
Higher than 8% of 1,691 companies in 2025.
0.43
Higher than 12% of 1,658 companies in 2025.
-42.9%
Higher than 9% of 1,673 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half
Staff
€72,145
Staff costs divided by the average number of full-time equivalents.
+1 person
In 2025, 1 person joined and nobody left. Training hours in 2025: 381.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
469,535 | 333,235 | 323,766 | |
21/28 |
26,909 | 44,289 | 34,824 | |
22/27 |
26,909 | 44,289 | 34,824 | |
23 |
26,872 | 44,010 | 34,307 | |
26 |
37 | 278 | 517 | |
29/58 |
442,625 | 288,947 | 288,942 | |
3 |
- | 7,840 | 20,007 | |
37 |
- | 7,840 | 20,007 | |
40/41 |
395,457 | 245,236 | 239,339 | |
40 |
395,335 | 245,236 | 239,339 | |
41 |
123 | - | - | |
54/58 |
18,028 | 10,414 | 7,591 | |
490/1 |
29,140 | 25,456 | 22,005 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
469,535 | 333,235 | 323,766 | |
10/15 |
-595,768 | -394,325 | -53,588 | |
10/11 |
62,000 | 62,000 | 62,000 | |
10 |
62,000 | 62,000 | 62,000 | |
100 |
62,000 | 62,000 | 62,000 | |
14 |
-657,768 | -456,325 | -115,588 | |
16 |
87 | - | - | |
160/5 |
87 | - | - | |
160 |
87 | - | - | |
17/49 |
1.1m | 727,560 | 377,354 | |
42/48 |
1.0m | 718,665 | 373,333 | |
44 |
156,949 | 119,081 | 94,884 | |
440/4 |
156,949 | 119,081 | 94,884 | |
46 |
43,973 | 13,348 | 44,887 | |
45 |
195,996 | 102,006 | 75,199 | |
450/3 |
74,070 | 22,119 | 21,401 | |
454/9 |
121,926 | 79,887 | 53,798 | |
47/48 |
631,315 | 484,230 | 158,362 | |
492/3 |
36,982 | 8,895 | 4,022 | |
| Income statement | ||||
70 |
1.7m | 1.4m | 1.3m | |
9900 |
789,292 | 445,920 | 411,506 | |
60/61 |
1.1m | 866,300 | 1.1m | |
62 |
916,239 | 729,831 | 495,738 | |
630 |
22,879 | 18,317 | 13,704 | |
631/4 |
- | -1,169 | 1,169 | |
635/8 |
87 | - | - | |
640/8 |
4,098 | 3,916 | 3,215 | |
9901 |
-154,012 | -304,975 | -102,320 | |
75/76B |
3,733 | 128 | 98 | |
75 |
3,059 | 128 | 98 | |
76B |
674 | - | - | |
65/66B |
48,681 | 33,321 | 11,427 | |
65 |
48,681 | 33,321 | 11,427 | |
9903 |
-198,960 | -338,168 | -113,648 | |
67/77 |
2,483 | 2,568 | 1,940 | |
9904 |
-201,443 | -340,736 | -115,588 | |
9905 |
-201,443 | -340,736 | -115,588 | |
| Appropriation of the result | ||||
9906 |
-657,768 | -456,325 | -115,588 | |
14P |
-456,325 | -115,588 | - | |
| Social balance sheet | ||||
9087 |
12.7 | 11.3 | 5.4 | |
Hours worked1013 |
20,792 | 19,344 | 13,888 | |
| Document | ||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| -131,133 | -286,658 | -88,616 | ||
| -178,565 | -322,419 | -101,884 | ||
| 5,500 | 27,782 | 47,363 | ||
| 7,614 | 2,823 | - | ||
| -585,609 | -429,718 | -84,390 | ||
| -8.9% | -22.1% | -7.6% | ||
| -126.9% | -118.3% | -16.6% | ||
| 0.43 | 0.40 | 0.77 | ||
| 0.43 | 0.39 | 0.72 | ||
| -42.9% | -102.3% | -35.7% | ||
| -2.69 | -8.60 | -7.75 | ||
| 84 days | 65 days | 65 days | ||
| 54 days | 50 days | 33 days |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 |
|---|---|---|---|
| Employees at the balance-sheet date | 13 | 12 | 10 |
| full-time | 11 | 11 | 10 |
| part-time | 2 | 1 | - |
| in full-time equivalents | 12.6 | 11.8 | 10 |
| 12.7 | 11.3 | 5.4 | |
| On a permanent contract | 13 | 12 | 10 |
| Joined | 1 | 3 | 7 |
| Left | 0 | 1 | 0 |
| Training hours | 381 | 234 | 563 |
Source: social balance sheet in the 2023 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €5,500 | €27,782 | €47,363 |
| €22,879 | €18,317 | €13,704 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on Coretecs
The operating result for 2025 is a loss of €154,012, smaller than the loss of €304,975 in 2024.
Equity is negative. Debt (€1.1m) exceeds the balance-sheet total (€469,535).