Equity
Equity fell by 63% in 5 years.
Equity fell by 63% in 5 years.
Every financial year from 2021 to 2025 closed with a loss. 2021 was the heaviest.
In 2025, nobody joined and 1 person left.
CORETEC ENERGY pays its suppliers 93 days later than in 2024. Customers pay 44 days later.
The 2022 accounts came latest: 161 days after the end of the period.
Lower net result than 90% of companies in head offices and management consultancy. Sector median €53,814 · 3,872 companies.
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).
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).
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.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
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.
Shares in 7 companies, including CODEL and Coretec Energy Management
Board & ownership| 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.
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.
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