ACTIVE

CORRE

Financial year 2025 · closed on 31/12/2025
Net result
-268,5 k €
+10.7% YoY
Gross margin
70,8 k €
-71.6% YoY
Equity
2,9 M €
-8.4% YoY

What does CORRE do?

CORRE is a Public limited company incorporated in 1981. Its main activity is: Manufacture of made-up textile articles, except apparel. Its registered office is in Hasselt.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0421.847.456
Incorporation
10/09/1981
Legal form
Public limited company
Registered office
Ekkelgaarden 6 A
3500 Hasselt · FlandreSee on map
Contributed capital
786 600,00 €
Latest accounts
31/12/2025
Joint committees (2)
  • 109
  • 215
Signals
Solid equity
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192017201620152014201320122011201020092008
Income statement
Gross margin70,8 k €249,7 k €313,9 k €161,1 k €94,4 k €
EBITDA-42,4 k €-75,3 k €209,2 k €54,9 k €-203,1 k €687,3 k €267,5 k €67,8 k €132,2 k €111,6 k €-121,5 k €5,4 k €-43,1 k €82,7 k €185,1 k €147,7 k €222,9 k €
Operating result-253 k €-285,8 k €-1,3 k €-89,4 k €-203,1 k €-59,8 k €-184,6 k €70,3 k €119,9 k €110,1 k €-125,2 k €-54,5 k €-115,3 k €-35,5 k €82,5 k €39,8 k €62,8 k €
Net result-268,5 k €-300,6 k €-18,6 k €-205 k €3,7 M €-219,5 k €-237,5 k €91,5 k €-10,6 k €131,9 k €1,2 M €-72,9 k €-130,3 k €-52,3 k €61 k €30,8 k €36 k €
Balance sheet
Equity2,9 M €3,2 M €3,5 M €3,5 M €3,7 M €4,7 M €4,9 M €1,6 M €1,5 M €1,5 M €1,3 M €192,8 k €265,7 k €396,6 k €449,8 k €414,7 k €410,2 k €
Total assets3,9 M €4,1 M €4,7 M €4,8 M €5,5 M €14,5 M €14,9 M €2,4 M €2,6 M €2,7 M €2,5 M €593,3 k €749,1 k €817,7 k €910,6 k €859,5 k €884,8 k €
Cash2,7 k €7,2 k €259 k €422,5 k €4,5 M €172,1 k €3,8 k €11,6 k €126,4 k €218,1 k €1,2 M €16 k €9,8 k €9,8 k €7,4 k €605,9 €16,6 k €
Debts940,4 k €938 k €1,2 M €1,3 M €1,8 M €9 M €9,1 M €155,4 k €421,7 k €538,7 k €468,9 k €394,9 k €482,8 k €419,9 k €460,6 k €444,6 k €474,6 k €
Other
Workforce9,9 ETP10,1 ETP10,2 ETP10,8 ETP12,2 ETP16,5 ETP31,3 ETP35,2 ETP35,0 ETP36,2 ETP38,3 ETP39,9 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

A & P

Director · 0438.783.161

Represented by Philippe Corthouts

Active
PHILIPPE CORTHOUTS

Managing director

Active
SOMA

Director · 0426.857.606

Represented by Adrien Corthouts

Active

Ended mandates

A & P

Director · since 13 juin 2019 · until 28 mai 2025 · 0438.783.161

Represented by Viviane Doguet

Ended
A & P

Director · since 13 juin 2019 · until 13 juin 2025 · 0438.783.161

Represented by Viviane Doguet

Ended
PHILIPPE CORTHOUTS

Managing director · since 13 juin 2019 · until 28 mai 2025

Ended
PHILIPPE CORTHOUTS

Managing director · since 13 juin 2019 · until 13 juin 2025

Ended
At this address

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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/01/202611/04/202513/08/202431/07/202327/06/202230/03/2021
General meeting16/01/202628/02/202529/05/202402/06/202315/04/202229/03/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202516/01/202619/01/2026DutchPDF
Abridged model31/12/202428/02/202511/04/2025DutchPDF
Abridged modelCorrection31/12/202329/05/202413/08/2024DutchPDF
Abridged model31/12/202329/05/202418/07/2024DutchPDF
Abridged model31/12/202202/06/202331/07/2023DutchPDF
Abridged model31/12/202115/04/202227/06/2022DutchPDF
Full model31/12/202029/03/202130/03/2021DutchPDF
Full model31/12/201929/06/202030/06/2020DutchPDF
Full model31/12/201813/06/201910/09/2019DutchPDF
Full model31/12/201728/06/201830/07/2018DutchPDF
Full model31/12/201626/06/201729/06/2017DutchPDF
Full model31/12/201525/05/201628/06/2016DutchPDF
Full model31/12/201425/06/201529/06/2015DutchPDF
Full model31/12/201328/05/201427/06/2014DutchPDF
Full model31/12/201229/05/201320/06/2013DutchPDF
Full model31/12/201122/06/201226/06/2012DutchPDF
Full model31/12/201024/06/201127/06/2011DutchPDF
Full model31/12/200925/06/201028/06/2010DutchPDF
Full model31/12/200826/06/200929/06/2009DutchPDF
Full model30/12/200725/06/200801/07/2008DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 13 ended

Active mandates

A & P

Director · 0438.783.161

Represented by Philippe Corthouts

Active
PHILIPPE CORTHOUTS

Managing director

Active
SOMA

Director · 0426.857.606

Represented by Adrien Corthouts

Active

Ended mandates

A & P

Director · since 13 juin 2019 · until 28 mai 2025 · 0438.783.161

Represented by Viviane Doguet

Ended
A & P

Director · since 13 juin 2019 · until 13 juin 2025 · 0438.783.161

Represented by Viviane Doguet

Ended
PHILIPPE CORTHOUTS

Managing director · since 13 juin 2019 · until 28 mai 2025

Ended
PHILIPPE CORTHOUTS

Managing director · since 13 juin 2019 · until 13 juin 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring24/06/2026
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Mandates16/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other25/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates02/01/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office23/05/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates03/03/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates10/03/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares28/08/2018
    BENAMING - DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-268,5 k €
  2. 2024
    Annual accounts 2024-300,6 k €
  3. 2023
    Annual accounts 2023-18,6 k €
  4. 2022
    Annual accounts 2022-205 k €
  5. 2021
    Annual accounts 20213,7 M €
  6. 2020
    Annual accounts 2020-219,5 k €
  7. 2019
    Annual accounts 2019-237,5 k €
  8. 2017
    Annual accounts 201791,5 k €
  9. 2016
    Annual accounts 2016-10,6 k €
  10. 2015
    Annual accounts 2015131,9 k €
  11. 2014
    Annual accounts 20141,2 M €
  12. 2013
    Annual accounts 2013-72,9 k €
  13. 2012
    Annual accounts 2012-130,3 k €
  14. 2011
    Annual accounts 2011-52,3 k €
  15. 2010
    Annual accounts 201061 k €
  16. 2009
    Annual accounts 200930,8 k €
  17. 2008
    Annual accounts 200836 k €
  18. 10/09/1981
    IncorporationPublic limited company