ACTIVE

CORRELATE

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Financial year 2025 · closed on 31/12/2025

Net result

126,7 k €

-9.2% YoY

Gross margin

172,8 k €

-12.0% YoY

Equity

1,2 M €

+12.2% YoY

What does CORRELATE do?

CORRELATE is a Private limited company incorporated in 2001. Its main activity is: Technical testing and analysis. Its registered office is in Putte.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0474.886.660

Incorporation

25/05/2001

Legal form

Private limited company

Registered office

Venstraat 24
2580 Putte · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

71209Technical testing and analysis· main 71209Technical testing and analysis 74302Translation and interpretation activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	172,8 k €	-12.0%	196,4 k €	+28.3%	153 k €	+31.0%	116,8 k €	+51.9%	76,9 k €	-46.1%	142,7 k €	+7.8%	132,4 k €	-6.8%	142 k €	+10.1%	129 k €	-0.5%	129,7 k €	+15.3%	112,5 k €	-5.9%	119,6 k €	+25.9%	94,9 k €	+11.2%	85,4 k €	-25.0%	113,7 k €	+32.4%	85,9 k €	+37.1%	62,7 k €	-19.3%	77,7 k €	+63.3%	47,6 k €	-22.3%	61,3 k €
EBITDA	171,2 k €	-12.1%	194,7 k €	+29.1%	150,8 k €	+31.2%	114,9 k €	+53.0%	75,1 k €	-46.7%	141 k €	+10.3%	127,8 k €	-7.4%	138 k €	+10.3%	125,1 k €	-0.5%	125,6 k €	+15.7%	108,6 k €	-5.6%	115,1 k €	+27.1%	90,5 k €	+12.6%	80,4 k €	-26.1%	108,8 k €	+27.8%	85,1 k €	+38.4%	61,5 k €	-19.3%	76,2 k €	+65.9%	45,9 k €	-23.0%	59,7 k €
Operating result	171,2 k €	-11.7%	193,9 k €	+29.9%	149,3 k €	+31.6%	113,5 k €	+76.2%	64,4 k €	-50.5%	130 k €	+15.6%	112,5 k €	-9.0%	123,6 k €	+11.8%	110,6 k €	+1.7%	108,8 k €	+18.9%	91,5 k €	-11.0%	102,7 k €	+32.1%	77,8 k €	+15.2%	67,5 k €	-29.7%	96,1 k €	+32.5%	72,5 k €	+50.0%	48,4 k €	-23.2%	63 k €	+93.7%	32,5 k €	-27.7%	44,9 k €
Net result	126,7 k €	-9.2%	139,6 k €	+31.4%	106,3 k €	+30.9%	81,2 k €	+75.0%	46,4 k €	-49.3%	91,5 k €	+16.7%	78,4 k €	-9.5%	86,6 k €	+26.6%	68,4 k €	-2.3%	70 k €	+42.5%	49,1 k €	-29.2%	69,3 k €	+13.6%	61 k €	-13.9%	70,9 k €	+30.6%	54,3 k €	+44.2%	37,6 k €	+78.6%	21,1 k €	-31.3%	30,7 k €	+387%	-10,7 k €	-135%	30,2 k €
Balance sheet
Equity	1,2 M €	+12.2%	1 M €	+15.5%	899,5 k €	+13.4%	793,3 k €	+11.4%	712,1 k €	+7.0%	665,7 k €	+15.9%	574,2 k €	+15.8%	495,9 k €	+21.2%	409,3 k €	-23.9%	537,9 k €	+15.0%	467,9 k €	+11.7%	418,8 k €	+19.8%	349,4 k €	+12.6%	310,3 k €	+29.6%	239,4 k €	+29.3%	185,2 k €	+25.5%	147,5 k €	+16.7%	126,5 k €	+32.0%	95,8 k €	-10.0%	106,5 k €
Total assets	1,3 M €	+15.7%	1,1 M €	+15.1%	962,4 k €	+10.9%	867,8 k €	+17.7%	737,5 k €	+1.2%	728,9 k €	+10.1%	662,1 k €	+12.1%	590,6 k €	-15.2%	696,2 k €	+14.0%	610,5 k €	+14.0%	535,5 k €	+6.4%	503,5 k €	+21.6%	414,2 k €	+2.0%	406 k €	-42.5%	705,9 k €	+13.6%	621,3 k €	+13.0%	549,9 k €	+8.1%	508,7 k €	+8.2%	470,2 k €	-7.5%	508,2 k €
Cash	391 k €	+57.5%	248,2 k €	-44.5%	447,1 k €	-48.3%	864,7 k €	+23.8%	698,3 k €	+17.5%	594,1 k €	+19.0%	499,3 k €	+19.9%	416,5 k €	-33.9%	629,7 k €	+14.6%	549,4 k €	+20.0%	457,9 k €	+6.2%	431 k €	+30.6%	330 k €	+8.7%	303,6 k €	+0.9%	300,9 k €	+78.6%	168,5 k €	+21.4%	138,8 k €	+62.3%	85,6 k €	+144%	35 k €	-60.6%	89 k €
Debts	116,7 k €	+69.2%	68,9 k €	+9.6%	62,9 k €	-15.6%	74,6 k €	+193%	25,5 k €	-58.2%	61 k €	-30.1%	87,2 k €	-7.9%	94,7 k €	-67.0%	286,9 k €	+295%	72,6 k €	+7.3%	67,6 k €	-20.2%	84,8 k €	+30.8%	64,8 k €	-31.8%	95 k €	-79.6%	466,5 k €	+6.9%	436,2 k €	+8.4%	402,3 k €	+5.3%	382,2 k €	+2.1%	374,4 k €	-6.8%	401,7 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Luc Schillemans

Director

Active

Ended mandates

Luc Jean M. Schillemans

Administrator - manager · since 11 mai 2001

Ended

Luc Jean M. Schillemans

Manager · since 11 mai 2001

Ended

Luc Jean Mathilde Schillemans

Administrator - manager · since 11 mai 2001

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	24/07/2026	14/03/2025	30/05/2024	28/07/2023	07/07/2022	23/07/2021
General meeting	30/06/2026	03/03/2025	07/05/2024	15/06/2023	22/06/2022	23/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	24/07/2026	Dutch	PDF
Micro model	31/12/2024	03/03/2025	14/03/2025	Dutch	PDF
Micro model	31/12/2023	07/05/2024	30/05/2024	Dutch	PDF
Micro model	31/12/2022	15/06/2023	28/07/2023	Dutch	PDF
Micro model	31/12/2021	22/06/2022	07/07/2022	Dutch	PDF
Micro model	31/12/2020	23/06/2021	23/07/2021	Dutch	PDF
Micro model	31/12/2019	05/05/2020	28/09/2020	Dutch	PDF
Micro model	31/12/2018	02/06/2019	27/06/2019	Dutch	PDF
Micro model	31/12/2017	02/05/2018	30/06/2018	Dutch	PDF
Abridged model	31/12/2016	02/05/2017	06/06/2017	Dutch	PDF
Abridged model	31/12/2015	03/05/2016	12/05/2016	Dutch	PDF
Abridged model	31/12/2014	19/05/2015	29/06/2015	Dutch	PDF
Abridged model	31/12/2013	03/06/2014	24/06/2014	Dutch	PDF
Abridged model	31/12/2012	07/05/2013	03/07/2013	Dutch	PDF
Abridged model	31/12/2011	02/05/2012	02/07/2012	Dutch	PDF
Abridged model	31/12/2010	03/05/2011	13/07/2011	Dutch	PDF
Abridged model	31/12/2009	14/06/2010	24/06/2010	Dutch	PDF
Abridged model	31/12/2008	16/06/2009	01/07/2009	Dutch	PDF
Abridged model	31/12/2007	21/05/2008	04/07/2008	Dutch	PDF
Abridged model	31/12/2006	17/05/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 3 ended

Active mandates

Luc Schillemans

Director

Active

Ended mandates

Luc Jean M. Schillemans

Administrator - manager · since 11 mai 2001

Ended

Luc Jean M. Schillemans

Manager · since 11 mai 2001

Ended

Luc Jean Mathilde Schillemans

Administrator - manager · since 11 mai 2001

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares08/12/2017
KAPITAAL - AANDELEN
PDF
Capital / shares23/12/2013
KAPITAAL - AANDELEN
PDF
Restructuring08/02/2013
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring26/11/2012
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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

2025
Annual accounts 2025126,7 k €↓
2024
Annual accounts 2024139,6 k €↑
2023
Annual accounts 2023106,3 k €↑
2022
Annual accounts 202281,2 k €↑
2021
Annual accounts 202146,4 k €↓
2020
Annual accounts 202091,5 k €↑
2019
Annual accounts 201978,4 k €↓
2018
Annual accounts 201886,6 k €↑
2017
Annual accounts 201768,4 k €↓
2016
Annual accounts 201670 k €↑
2015
Annual accounts 201549,1 k €↓
2014
Annual accounts 201469,3 k €↑
2013
Annual accounts 201361 k €↓
2012
Annual accounts 201270,9 k €↑
2011
Annual accounts 201154,3 k €↑
2010
Annual accounts 201037,6 k €↑
2009
Annual accounts 200921,1 k €↓
2008
Annual accounts 200830,7 k €↑
2007
Annual accounts 2007-10,7 k €↓
2006
Annual accounts 200630,2 k €
25/05/2001
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CORRELATE

Overview

What does CORRELATE do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline