CORRE
ActiveSummary
CORRE has been active since 1981 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of -€268,550. Equity is shrinking by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 73% of 174 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
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Signals
This company filed its last 7 accounts on average 72 days before the deadline; the sector median for financial year 2024 is 13 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
History
CORRE was incorporated on 10 September 1981.1 Between 2007 and 2018 the capital was increased 2 times, most recently to EUR 786,600.23 The registered office moved to Hasselt in 2014, to Genk in 2022 and to Hasselt in 2025.456 In 2018 the company absorbed SOFA-BED-COMPANY by merger.3 Total assets fell from EUR 15 million in 2019 to EUR 3.9 million in 2025.7
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Financials · fiscal year 2025, abbreviated schema
Click a name to add, emphasise or remove a line.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,567 | €15 | €8,103 | - | €7,941 | - |
| Remuneration, social security and pensions62 | €500 | €868 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €144,227 | €210,572 | €210,572 | €210,572 | = |
| Other operating charges640/8 | €297,031 | €68,490 | €104,695 | €321,194 | €110,256 | ▼ 65.7% |
| Non-recurring operating charges66A | - | €36,831 | - | €3,769 | €2,954 | ▼ 21.6% |
| Gross operating margin9900 | €94,415 | €161,053 | €313,933 | €249,708 | €70,795 | ▼ 71.6% |
| Operating profit (loss)9901 | -€203,116 | -€89,363 | -€1,334 | -€285,827 | -€252,986 | ▲ 11.5% |
| Financial income75/76B | €7.4m | €1,184 | €921 | €1,370 | €364 | ▼ 73.5% |
| Recurring financial income75 | €116,772 | €1,184 | €921 | €1,370 | €364 | ▼ 73.5% |
| Non-recurring financial income76B | €7.3m | - | - | - | - | - |
| Financial charges65/66B | €2.6m | €18,356 | €18,206 | €16,181 | €15,927 | ▼ 1.6% |
| Recurring financial charges65 | €1.8m | €18,356 | €18,206 | €16,181 | €15,927 | ▼ 1.6% |
| Non-recurring financial charges66B | €802,865 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €4.6m | -€106,536 | -€18,620 | -€300,638 | -€268,550 | ▲ 10.7% |
| Transfer from deferred taxes780 | €849,210 | - | - | - | - | - |
| Income taxes67/77 | €1.8m | €98,421 | - | - | - | - |
| Profit (loss) for the period9904 | €3.7m | -€204,957 | -€18,620 | -€300,638 | -€268,550 | ▲ 10.7% |
| Transfer from tax-exempt reserves789 | €2.5m | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €6.2m | -€204,957 | -€18,620 | -€300,638 | -€268,550 | ▲ 10.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.5m | €4.8m | €4.7m | €4.1m | €3.9m | ▼ 6.4% |
| Fixed assets21/28 | - | €4.4m | €4.2m | €4.1m | €3.9m | ▼ 5.2% |
| Tangible fixed assets22/27 | - | €4.4m | €4.2m | €4.1m | €3.9m | ▼ 5.2% |
| Land and buildings22 | - | €4.4m | €4.2m | €4.1m | €3.9m | ▼ 5.2% |
| Current assets29/58 | €5.5m | €460,990 | €550,416 | €57,364 | €3,214 | ▼ 94.4% |
| Amounts receivable within one year40/41 | €1.0m | €7,475 | €260,095 | €50,000 | €526 | ▼ 98.9% |
| Trade receivables40 | €11,737 | €7,475 | €10,255 | €0 | €0 | - |
| Other amounts receivable41 | €990,000 | - | €249,840 | €50,000 | €526 | ▼ 98.9% |
| Cash at bank and in hand54/58 | €4.5m | €422,485 | €258,987 | €7,202 | €2,688 | ▼ 62.7% |
| Deferred charges and accrued income490/1 | €29,846 | €31,029 | €31,333 | €162 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.5m | €4.8m | €4.7m | €4.1m | €3.9m | ▼ 6.4% |
| Equity10/15 | €3.7m | €3.5m | €3.5m | €3.2m | €2.9m | ▼ 8.4% |
| Contributions10/11 | €786,600 | €786,600 | €786,600 | €786,600 | €786,600 | = |
| Capital10 | €786,600 | €786,600 | €786,600 | €786,600 | €786,600 | = |
| Issued capital100 | €786,600 | €786,600 | €786,600 | €786,600 | €786,600 | = |
| Reserves13 | €78,660 | €78,660 | €78,660 | €78,660 | €78,660 | = |
| Non-distributable reserves130/1 | €78,660 | €78,660 | €78,660 | €78,660 | €78,660 | = |
| Legal reserve130 | €78,660 | €78,660 | €78,660 | €78,660 | €78,660 | = |
| Profit (loss) carried forward14 | €2.9m | €2.7m | €2.6m | €2.3m | €2.1m | ▼ 11.5% |
| Amounts payable17/49 | €1.8m | €1.3m | €1.2m | €938,031 | €941,858 | ▲ 0.4% |
| Amounts payable after more than one year17 | €91,742 | €1.1m | €935,067 | €813,608 | €690,291 | ▼ 15.2% |
| Financial debts170/4 | €91,742 | €1.1m | €935,067 | €813,608 | €690,291 | ▼ 15.2% |
| Amounts payable within one year42/48 | €1.7m | €254,491 | €271,549 | €124,423 | €250,099 | ▲ 101% |
| Current portion of amounts payable after more than one year42 | €217,046 | €209,827 | €119,584 | €121,459 | €123,317 | ▲ 1.5% |
| Trade debts44 | €12,906 | €16,846 | €21,305 | €2,964 | €1,650 | ▼ 44.3% |
| Suppliers440/4 | €12,906 | €16,846 | €21,305 | €2,964 | €1,650 | ▼ 44.3% |
| Taxes, remuneration and social security45 | - | €27,818 | €130,660 | €0 | €110,131 | - |
| Taxes450/3 | - | €27,818 | €130,660 | €0 | €110,131 | - |
| Other amounts payable47/48 | €1.5m | - | - | - | €15,000 | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,468 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.7m | -€204,957 | -€18,620 | -€300,638 | -€268,550 | ▲ 10.7% |
| + Depreciation and write-downs630 | - | €144,227 | €210,572 | €210,572 | €210,572 | = |
| Operating cash flow (approximation) | €3.7m | -€60,730 | €191,952 | -€90,066 | -€57,978 | ▲ 35.6% |
| Investment in fixed assets (approximation) | - | - | €0 | -€134,400 | €0 | ▲ 100% |
| Change in cash | - | -€4.1m | -€163,498 | -€251,785 | -€4,514 | ▲ 98.2% |
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
24-06
State Gazette act
Board meeting · MergerAccounting effect · Real estate · Shareholding6 facts ▸
- Board meeting, 12-06-2026
- Merger, fusie door overneming, 30-07-2026
- Accounting effect, 01-01-2026
- Real estate, Perceel grond 1: Afdeling 71324 Hasselt 4 AFD, Sectie E, nummer 0235/00Z000; Perceel grond 2: Afdeling 71324 Hasselt 4 AFD, Sectie E, nummer 0235/00X000
- Shareholding, 100%
- Tax treatment, belastingneutraliteit art. 211 §1 WIB; geen registratiebelasting (Vlaamse Codex Fiscaliteit / Wetboek der Registratie); buiten btw (art. 11 en 18 §3 BTW)
16-12
State Gazette act
Appointments: Philippe Corthouts, Soma NV and A&P NVPermanent representatives: Adcor BV, Adrien Corthouts and Viviane Doguet · Registered-office move12 facts ▸
- General meeting, 28-05-2025
- Director appointment, Philippe Corthouts (director)
- Director appointment, Soma NV (director)
- Permanent representative, Adcor BV
- Permanent representative, Adrien Corthouts
- Director appointment, A&P NV (director)
- Permanent representative, Viviane Doguet
- Board meeting, 28-05-2025
- Director appointment, Philippe Corthouts (chair of the board)
- Director appointment, Philippe Corthouts (afgevaardigd bestuurder)
- Board meeting, 24-11-2025
- Registered-office move, Ekkelgaarden 6 A- B-3500 Hasselt
25-03
State Gazette act
Statutes amendmentCapital · Power of attorney4 facts ▸
- General meeting, 27-12-2023
- Statutes amendment
- Capital, €786.600
- Power of attorney, Heidi SCHOTSMANS
02-01
State Gazette act
Appointment: RSM InterAudit (statutory auditor)Permanent representatives: Laurent Van der Linden and Adrien Corthouts4 facts ▸
- General meeting, 05-06-2023
- Auditor appointment, RSM InterAudit
- Permanent representative, Laurent Van der Linden
- Permanent representative, Adrien Corthouts
23-05
State Gazette act
Registered officeRegistered-office move2 facts ▸
- Board meeting, 26-04-2022
- Registered-office move, Melbergstraat 6 te 3600 Genk
Show earlier events
03-03
State Gazette act
Reappointment: C.V. RSM INTERAUDIT (statutory auditor)Permanent representative: Laurent Van der Linden · Mandate compensation4 facts ▸
- General meeting, 29-06-2020
- Auditor reappointment, C.V. RSM INTERAUDIT
- Permanent representative, Laurent Van der Linden
- Mandate compensation, C.V. RSM INTERAUDIT
10-03
State Gazette act
Reappointments: Philippe Corthouts, Soma NV and A&P NVPermanent representatives: Nsquare, Charles Corthouts and Viviane Doguet · Appointment: Philippe Corthouts (chair of the board)10 facts ▸
- General meeting, 17-02-2020
- Director reappointment, Philippe Corthouts (director)
- Director reappointment, Soma NV (director)
- Director reappointment, A&P NV (director)
- Permanent representative, Nsquare
- Permanent representative, Charles Corthouts
- Permanent representative, Viviane Doguet
- Board meeting, 17-02-2020
- Director appointment, Philippe Corthouts (chair of the board)
- Director appointment, Philippe Corthouts (afgevaardigd bestuurder)
28-08
State Gazette act
Capital & shares · Purpose · Statutes amendmentMerger · Accounting effect · Capital increase12 facts ▸
- General meeting, 13-07-2018
- Merger, absorption, 01-01-2018
- Accounting effect, 01-01-2018
- Capital increase, €536.600
- Share issue, new shares without nominal value, 21464
- Purpose change, Onderneming in onroerende goederen, welke onder meer omvat: de verwerving, de vervreemding, het beheer, de borgstelling, de uitbating, de valorisatie, de verkav…
- Name change, CORRE
- Statutes amendment
- Capital, €786.600
- Power of attorney, Deloitte
- Exchange ratio, pro rata, 21464
- Profit participation, 01-01-2018
08-06
State Gazette act
RestructuringAppointment: RSM Interaudit (statutory auditor) · Merger · Capital15 facts ▸
- Board meeting, 16-05-2018
- Merger, absorption, 29-05-2018
- Capital, €250.000
- Net-asset statement, 31-12-2017
- Capital, €200.000
- Net-asset statement, 31-12-2017
- Share issue, 21464, merger compensation
- Accounting effect, 01-01-2018
- Auditor appointment, RSM Interaudit
- Board meeting, 16-05-2018
- Exchange ratio, 21464, 160
- Intrinsic value per share, 31-12-2017
- +3 further facts in this act
22-01
State Gazette act
Reappointment: Rsm InterAudit (statutory auditor)Permanent representative: Laurent Van der Linden3 facts ▸
- General meeting, 26-06-2017
- Auditor reappointment, Rsm InterAudit
- Permanent representative, Laurent Van der Linden
11-08
State Gazette act
Resignation: RSM INTERAUDIT (statutory auditor)Appointment: RSM INTERAUDIT (statutory auditor) · Permanent representative: Laurent VAN DER LINDEN4 facts ▸
- General meeting, 28/05/2014
- Director resignation, RSM INTERAUDIT (statutory auditor)
- Auditor appointment, RSM INTERAUDIT (statutory auditor)
- Permanent representative, Laurent VAN DER LINDEN
19-06
State Gazette act
Registered officeRegistered-office move2 facts ▸
- Board meeting, 12-05-2014
- Registered-office move, Sint-Truidersteenweg 296 te 3500 Hasselt
02-05
State Gazette act
Resignation: Jacqueline Corbeel (permanent representative)Permanent representative: Charles Corthouts · Reappointments: Philippe Corthouts, A&P NV and Soma NV · Appointment: Philippe Corthouts (chair of the board)9 facts ▸
- General meeting, 29-05-2013
- Director resignation, Jacqueline Corbeel (permanent representative)
- Permanent representative, Charles Corthouts
- Director reappointment, Philippe Corthouts (director)
- Director reappointment, A&P NV (director)
- Director reappointment, Soma NV (director)
- Board meeting, 29-05-2013
- Director appointment, Philippe Corthouts (chair of the board)
- Director appointment, Philippe Corthouts (managing director)
02-08
State Gazette act
Appointment: Dupont, koevoets & C°, bedrijfsrevisoren (statutory auditor)Permanent representative: Gilbert Janssens · Mandate compensation4 facts ▸
- General meeting, 25-06-2008
- Auditor appointment, Dupont, koevoets & C°, bedrijfsrevisoren
- Permanent representative, Gilbert Janssens
- Mandate compensation, Dupont, koevoets & C°, bedrijfsrevisoren
21-08
State Gazette act
Reappointments: Philippe CORTHOUTS, A & P and SOMAPermanent representatives: Viviane DOGUET and Jacqueline CORBEEL · Resignation: Philippe CORTHOUTS (chair) · Appointment: Philippe CORTHOUTS (chair)18 facts ▸
- General meeting, 26-04-2007
- Capital increase, €2.106,48
- Statutes amendment
- Statutes amendment
- Statutes amendment
- Capital, €250.000
- Director reappointment, Philippe CORTHOUTS (director)
- Director reappointment, A & P (director)
- Director reappointment, SOMA (director)
- Permanent representative, Viviane DOGUET
- Permanent representative, Jacqueline CORBEEL
- Mandate compensation, Philippe CORTHOUTS
- +6 further facts in this act
04-04
State Gazette act
Permanent representatives: Viviane Doguet and Jacqueline CorbeelResignation: Vendome (director) · Appointments: Philippe Corthouts, A&P NV and 2 others · Mandate compensation14 facts ▸
- Board meeting, 10-09-2002
- Permanent representative, Viviane Doguet
- Permanent representative, Jacqueline Corbeel
- General meeting, 06-11-2002
- Director resignation, Vendome
- Director appointment, Philippe Corthouts (director)
- Director appointment, A&P NV (director)
- Director appointment, SOMA NV (director)
- Board meeting, 06-11-2002
- Director appointment, Philippe Corthouts (chair)
- Director appointment, Philippe Corthouts (afgevaardigd bestuurder)
- General meeting, 02-11-2005
- +2 further facts in this act
Directors · office · real estate
Board 3
2 not recently confirmed
Day-to-day management 1
Permanent representatives 2
Statutory auditor 1
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71324E0542/00D002 | Flanders | 3,867 m² | 1 · 79 m² | 8.0 m · 2 fl. |
| 71324E0287/00B000indicative | Flanders | 3,236 m² | - | - |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- Permanent representative
- Statutory auditor
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Philippe Corthouts |
|
| A & P |
|
| SOMA |
|
| RSM INTERAUDIT |
|
| A&P NV |
|
| Soma NV |
|
| Dupont, koevoets & C°, bedrijfsrevisoren |
|
| Jacqueline Corbeel |
|
| DGKPR & Co bedrijfsrevisoren |
|
Articles of association
Full purpose
De vervaardiging, de groot- en kleinhandel, de invoer- en uitvoerhandel van: 1/ gestikte hoezen en onderdelen ervan; 2/ dekzeilen en tenten; 3/ alle gestikte stofferingsartikelen; 4/ alle confectieprodukten; 5/ confectie voor meisjes en dames, voor jongens en heren, en voor kleine kinderen; 6/ artikelen in leder, kunstleder of stof; 7/ alle toebehoren voor het bekleden van meubelen, en meer specifiek voor zitmeubelen en slaapbanken. Zij mag zowel in België als in het buitenland alle verrichtingen doen die op haar hierboven bepaald voorwerp betrekking hebben...
Structure & network
Connections & network
3 current directorsThe group is listed under Ownership & control below; here you explore it as a network.
Acquisitions and mergers
2 transactionsCapital and shareholders
- SOMA NV (BE 0426.857.606) 100%
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 25-03-2024 Capital stated in the act · 786,600 EUR · 31,464 shares
- 28-08-2018 Capital increase of 536,600 EUR · to 786,600 EUR
- 08-06-2018 Capital stated in the act · 250,000 EUR · 10,000 shares
- 21-08-2007 Capital increase of 2,106.48 EUR · to 250,000 EUR
Similar companies · same sector, comparable size
Identification & contact
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