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CORETEC ENERGY

Active Public limited companyfounded 2016active for 9 yearsRue de la Chaudronnerie 14, 4340 AwansKBO/BCE: BE 0667.749.186 subsidiary of Blue Pearl Energy Holdings SAS#2 company by total assets in Awans, Professional and technical services sector
Heads the group CORETEC ENERGY 8 companies in 2 countries
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Lifetime

9 annual accounts with figures on one time axis
peak €1.4m (2023)
€720,000▲ 27.4%
lowest -€4.3m (2021)
-€141,176▲ €423,215
peak €14.9m (2020)
€5.5m▼ 2.5%
€5.6m▼ 28.3%
peak 5 FTE (2023)
3.8 FTE▼ 5.0%
Board15 names since 2018all names
1 directorCONSULFIN
Owners3 names in the annual accounts
Documentsfilings and deeds
15-06-202646 days before the deadline
2025financial year
Turnover from €565,037 to €720,000Loss of €141,176Appointment: 3R, Leboutte & Co (statutory auditor) 22-07Registered office moved from Liège to Awans 14-03Debts from €7.8m to €5.6mCash from €79,986 to €247,894

Key points

from the 2025 annual accounts

Equity

€5.5m from €14.9m in 2020

Equity fell by 63% in 5 years.

Losses

-€9.3m in five years
-4.32021-1.42022-2.92023-0.62024-0.12025

Every financial year from 2021 to 2025 closed with a loss. 2021 was the heaviest.

Staff

3 employees on 31-12-2025
552021332022332023232024012025

In 2025, nobody joined and 1 person left.

Payment terms

165 days to suppliers
Suppliers
72 to 165
Customers
67 to 111

CORETEC ENERGY pays its suppliers 93 days later than in 2024. Customers pay 44 days later.

Filings

9 annual accounts 6 late
AprilJune31 JulyOctober20202025

The 2022 accounts came latest: 161 days after the end of the period.

Position in the sector

-€141,176

Lower net result than 90% of companies in head offices and management consultancy. Sector median €53,814 · 3,872 companies.

Checked score

82
Excellent
Financially stronger than 43% of micro companies in head offices and management consultancy (NACE 70)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.1% across 48,572 companies (NACE 70, micro).

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.9% 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 1.0%▲ +0.1 percentage points vs 01-2025 03-2025: 1.0%● unchanged vs 02-2025 04-2025: 1.7%▲ +0.7 percentage points vs 03-2025 05-2025: 1.6%▼ -0.1 percentage points vs 04-2025 06-2025: 1.7%▲ +0.1 percentage points vs 05-2025 07-2025: 1.8%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 1.0%▼ -0.8 percentage points vs 07-2025 09-2025: 1.0%● unchanged vs 08-2025 10-2025: 1.0%● unchanged vs 09-2025 11-2025: 1.0%● unchanged vs 10-2025 12-2025: 1.0%● unchanged vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 0.9%▼ -0.1 percentage points vs 01-2026 03-2026: 1.0%▲ +0.1 percentage points vs 02-2026 04-2026: 1.0%● unchanged vs 03-2026 05-2026: 1.0%● unchanged vs 04-2026 06-2026: 1.1%▲ +0.1 percentage points vs 05-2026 07-2026: 0.4%▼ -0.7 percentage points vs 06-2026lowest value 08-2026: 0.4%● unchanged vs 07-2026lowest value 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026lowest value 11-2026: 0.4%● unchanged vs 10-2026lowest value

Financial strength
Strong

75+8equity 49.7% of total assets
52+7short-term debt 11.3% · cash 2.2%
66+57return on assets -1.3%

Score breakdown

raises risk
Liquidity: current ratio 0.40, cash €247,894
1 change of registered office in 24 months
lowers risk
Sector: Activities of head offices; management consultancy activities (NACE 70)
Figures for financial year 2025 (filed on 15-06-2026)
Calculation

The band follows from the bankruptcy probability. 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 70, micro). It does better than 46% of them on solvency, 40% on liquidity, 30% on profitability and 58% on growth.

The bankruptcy probability was computed on 10-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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

Credit verdict

Credit of up to €70,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.4 (0.14 in 2024), below 1. Short-term debt is 11.3% and cash 2.2% of total assets. 50.3% of the assets are financed with debt and provisions.

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.40, cash €247,894
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Sector: Activities of head offices; management consultancy activities (NACE 70)
KBO
lowers risk · Figures for financial year 2025 (filed on 15-06-2026)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€141,176
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 · 9 filings
Deviation from the deadline
2025
46 days early
2024
2 days early
2023
22 days late
2022
161 days late
2021
30 days late
2020
39 days late
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 29 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% 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 23 August (4 of the last 5 accounts filed within 69 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

C
Director, Denis Quetin, since 31-03-2025
LC
Auditor, Samuel Rahier

Shares in 7 companies, including CODEL and Coretec Energy Management

Board & ownership

Recent changes

Appointment: 3R, Leboutte & Co (statutory auditor) General meeting of 26-06-2025 · Gazette deed
Registered in the Peppol Directory Reachable for e-invoices through 0208:0667749186
Registered office moved from Liège to Awans New registered office: Rue de la Chaudronnerie 14 B-4340 Awans · Previous registered office: Rue des Gardes-Frontière 1 B-4031 Liège · Resignations: FBR MANAGEMENT, PYD INVEST & ADMINISTRATION and Frédéric Dardenne · General meeting of 05-01-2025 · Gazette deed
Appointment: REWISE AD REVISEUR D'ENTREPRISES (statutory auditor) Permanent representative: Axel DUMONT · General meeting of 23-06-2022 · Gazette deed
All 26 events

Comparable companies

same main activity, similar in size and age
Company
CORETEC ENERGY Awans €0.7m - 49.7% 3.8
THAUPA Peer €1.2m 40.5% 53.9% 4.8
MMR Sint-Katelijne-Waver €1.2m 23.5% 98.6% 2.8
Portemilo Deinze €0.5m 69.6% 57.3% 2
INVEST4CARS Villers-le-Bouillet €1.3m 33.4% 37.3% 3.4
CILYX GROUP Seraing €0.9m 8.8% 36.1% 4.2
DIGINNOV Nivelles €1.2m -32.9% 72.0% 5

These companies have the same main activity as CORETEC ENERGY: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €7.8m and €16m, founded between 2014 and 2020.

Official details

Source: KBO
Status
Active since 15-12-2016Normal situation
Activity
Business and other management consultancyNACE 70200
Joint committee
200Auxiliary committee for white-collar workers · annual accounts 2025
Establishment unit
2.290.615.7054340 Awans, since 15-12-2016
Financial year end
31 December
Peppol
Reachable since 17-06-2025
Company details

Annual accounts 2025

€1.7m▲ 193%
€11.1m▼ 17.5%
Employeeson 31-12-2025
3▼ 25.0%
Filing
Filed on 15-06-2026, 46 days before the end of the filing period
Financials

Companies linked to CORETEC ENERGY

Insights on CORETEC ENERGY

CORETEC ENERGY has existed since 2016. Turnover fell from €1.4m in 2023 to €565,037 in 2024.

Solvency rose in 2025 from 42.1% to 49.7% because of lower debts.

In March 2025, three directors stepped down.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.

Key facts about CORETEC ENERGY

What is the company number of CORETEC ENERGY?
The company number of CORETEC ENERGY is 0667.749.186. The VAT number is the same number with BE in front: BE 0667.749.186.
Where is CORETEC ENERGY based?
The registered office is at Rue de la Chaudronnerie 14, 4340 Awans.Company details
What does CORETEC ENERGY do?
According to the KBO register, the main activity is business and other management consultancy (NACE 70200).
What is the legal form of CORETEC ENERGY?
CORETEC ENERGY is a public limited company (NV).
When was CORETEC ENERGY founded?
CORETEC ENERGY was founded on 15-12-2016.
Is CORETEC ENERGY still active?
Yes, CORETEC ENERGY is an active enterprise in the KBO register.
How many employees does CORETEC ENERGY have?
CORETEC ENERGY had an average of 3.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does CORETEC ENERGY fall under?
In its 2025 annual accounts, CORETEC ENERGY states joint committee 200 (Auxiliary committee for white-collar workers).
What is the turnover of CORETEC ENERGY?
The turnover of CORETEC ENERGY was €720,000 in financial year 2025, according to the filed annual accounts.
Is CORETEC ENERGY profitable?
In financial year 2025, CORETEC ENERGY made a loss of €141,176.
Where can I find the annual accounts of CORETEC ENERGY?
CORETEC ENERGY filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of CORETEC ENERGY due?
CORETEC ENERGY must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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