ACTIVE

CORESO

Financial year 2025 · closed on 31/12/2025
Net result
1,5 M €
+21.8% YoY
Revenue
50,7 M €
+27.7% YoY
Equity
8,7 M €
+20.3% YoY
Workforce
110,8 ETP
+8.0% YoY

What does CORESO do?

CORESO is a Public limited company incorporated in 2008. Its main activity is: Distribution of electricity. Its registered office is in Bruxelles. It employs on average 110,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0808.569.630
Incorporation
19/12/2008
Legal form
Public limited company
Registered office
Avenue de Cortenbergh 71
1000 Bruxelles · BruxellesSee on map
Contributed capital
1 000 000,00 €
Latest accounts
31/12/2025
Average workforce
110,8 ETP
Joint committees (1)
  • 326
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 17 financial years

20252024202320222021202020192018201720162015201420132012201120102009
Income statement
Revenue50,7 M €39,7 M €30,5 M €26,4 M €24,6 M €19,4 M €17,3 M €12,9 M €10,0 M €8,9 M €7,1 M €6,6 M €5,5 M €4,8 M €4,3 M €2,9 M €3,3 M €
EBITDA9,0 M €4,5 M €4,7 M €4,7 M €5,2 M €4,3 M €3,1 M €2,0 M €1,4 M €1,1 M €951,3 k €1,0 M €821,7 k €654,6 k €584,2 k €570,0 k €331,8 k €
Operating result2,8 M €2,3 M €1,6 M €1,3 M €1,2 M €924,9 k €824,4 k €612,3 k €474,0 k €429,0 k €375,4 k €370,3 k €290,1 k €166,4 k €143,9 k €212,7 k €180,6 k €
Net result1,5 M €1,2 M €722,9 k €805,8 k €728,4 k €546,0 k €430,4 k €344,6 k €245,8 k €209,7 k €218,4 k €214,0 k €161,8 k €84,8 k €72,9 k €111,0 k €99,5 k €
Balance sheet
Equity8,7 M €7,2 M €6,0 M €5,3 M €4,5 M €3,7 M €3,2 M €2,8 M €2,4 M €2,2 M €2,0 M €1,8 M €1,6 M €1,4 M €1,3 M €1,3 M €1,1 M €
Total assets45,3 M €33,0 M €22,1 M €13,3 M €12,7 M €13,4 M €11,6 M €8,4 M €5,6 M €4,6 M €4,1 M €3,7 M €3,6 M €2,5 M €2,8 M €2,8 M €2,4 M €
Cash3,2 M €1,0 M €3,2 M €1,1 M €1,4 M €1,2 M €328,1 k €207,2 k €1,2 M €860,1 k €1,3 M €1,5 M €860,4 k €172,9 k €503,0 k €136,8 k €395,4 k €
Debts35,6 M €25,5 M €16,1 M €7,9 M €7,9 M €9,4 M €8,1 M €5,5 M €3,1 M €2,3 M €2,1 M €1,8 M €1,7 M €1,1 M €1,4 M €1,4 M €1,3 M €
Other
Workforce110,8 ETP102,6 ETP86,8 ETP81,8 ETP75,6 ETP71,3 ETP63,2 ETP44,7 ETP35,3 ETP33,0 ETP28,2 ETP26,0 ETP22,4 ETP20,7 ETP17,5 ETP14,4 ETP10,1 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 13 active · 114 ended

Active mandates

Bruno Nunes

Director · since 27 janvier 2026 · until 15 avril 2027

Active
Craig Dyke

Director · since 18 avril 2024 · until 15 avril 2027

Active
Dirk Biermann

Director · since 18 avril 2024 · until 15 avril 2027

Active
Emilio Cerezo Diez

Director · since 18 avril 2024 · until 15 avril 2027

Active
Henry Sebastien

Chairman of the board of directors · since 18 avril 2024 · until 15 avril 2027

Active
James Matthys-Donnadieu

Director · since 18 avril 2024 · until 15 avril 2027

Active
John Ging

Director · since 18 avril 2024 · until 15 avril 2027

Active
Maria Antonietta Sidoni

Director · since 18 avril 2024 · until 15 avril 2027

Active
Maria José Clara

Director · since 18 avril 2024 · until 27 janvier 2026

Active
Mauro Caprabianca

Director · since 18 avril 2024 · until 15 avril 2027

Active
Olivier Arrivé

Director · since 18 avril 2024 · until 15 avril 2027

Active
Tomas Dominguez Autran

Vice-chairman of the board of directors · since 18 avril 2024 · until 15 avril 2027

Active
Walter Geelen

Director · since 18 avril 2024 · until 15 avril 2027

Active

Ended mandates

Maria José Clara

Director · since 18 avril 2024 · until 15 avril 2027

Ended
John Ging

Director · since 23 juin 2023 · until 18 avril 2024

Ended
James Matthys-Donnadieu

Director · since 09 décembre 2022 · until 18 avril 2024

Ended
Craig Dyke

Director · since 21 octobre 2022 · until 18 avril 2024

Ended
At this address

Other companies at this address

Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull 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 date25/06/202623/04/202517/05/202406/07/202324/06/202210/05/2021
General meeting16/04/202617/04/202518/04/202420/04/202321/04/202215/04/2021
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

18 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202516/04/202625/06/2026FrenchPDF
Full model31/12/202417/04/202523/04/2025FrenchPDF
Full model31/12/202318/04/202417/05/2024FrenchPDF
Full model31/12/202220/04/202306/07/2023FrenchPDF
Full model31/12/202121/04/202224/06/2022FrenchPDF
Full model31/12/202015/04/202110/05/2021FrenchPDF
Full model31/12/201916/04/202012/05/2020FrenchPDF
Full model31/12/201811/04/201922/05/2019FrenchPDF
Full model31/12/201719/04/201814/05/2018FrenchPDF
Full model31/12/201620/04/201708/06/2017FrenchPDF
Full model31/12/201529/04/201620/05/2016FrenchPDF
Full model31/12/201424/04/201504/06/2015FrenchPDF
Full model31/12/201325/04/201427/05/2014FrenchPDF
Full model31/12/201223/04/201329/05/2013FrenchPDF
Full model31/12/201120/04/201216/05/2012FrenchPDF
Full model31/12/201021/04/201120/05/2011FrenchPDF
Full model31/12/200915/04/201006/05/2010DutchPDF
Full model31/12/200915/04/201006/05/2010FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 13 active · 114 ended

Active mandates

Bruno Nunes

Director · since 27 janvier 2026 · until 15 avril 2027

Active
Craig Dyke

Director · since 18 avril 2024 · until 15 avril 2027

Active
Dirk Biermann

Director · since 18 avril 2024 · until 15 avril 2027

Active
Emilio Cerezo Diez

Director · since 18 avril 2024 · until 15 avril 2027

Active
Henry Sebastien

Chairman of the board of directors · since 18 avril 2024 · until 15 avril 2027

Active
James Matthys-Donnadieu

Director · since 18 avril 2024 · until 15 avril 2027

Active
John Ging

Director · since 18 avril 2024 · until 15 avril 2027

Active
Maria Antonietta Sidoni

Director · since 18 avril 2024 · until 15 avril 2027

Active
Maria José Clara

Director · since 18 avril 2024 · until 27 janvier 2026

Active
Mauro Caprabianca

Director · since 18 avril 2024 · until 15 avril 2027

Active
Olivier Arrivé

Director · since 18 avril 2024 · until 15 avril 2027

Active
Tomas Dominguez Autran

Vice-chairman of the board of directors · since 18 avril 2024 · until 15 avril 2027

Active
Walter Geelen

Director · since 18 avril 2024 · until 15 avril 2027

Active

Ended mandates

Maria José Clara

Director · since 18 avril 2024 · until 15 avril 2027

Ended
John Ging

Director · since 23 juin 2023 · until 18 avril 2024

Ended
James Matthys-Donnadieu

Director · since 09 décembre 2022 · until 18 avril 2024

Ended
Craig Dyke

Director · since 21 octobre 2022 · until 18 avril 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/10/2023
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/11/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates08/07/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/04/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/02/2022
    DEMISSIONS, NOMINATIONS
    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 20251,5 M €
  2. 2024
    Annual accounts 20241,2 M €
  3. 2023
    Annual accounts 2023722,9 k €
  4. 2022
    Annual accounts 2022805,8 k €
  5. 2021
    Annual accounts 2021728,4 k €
  6. 2020
    Annual accounts 2020546,0 k €
  7. 2019
    Annual accounts 2019430,4 k €
  8. 2018
    Annual accounts 2018344,6 k €
  9. 2017
    Annual accounts 2017245,8 k €
  10. 2016
    Annual accounts 2016209,7 k €
  11. 2015
    Annual accounts 2015218,4 k €
  12. 2014
    Annual accounts 2014214,0 k €
  13. 2013
    Annual accounts 2013161,8 k €
  14. 2012
    Annual accounts 201284,8 k €
  15. 2011
    Annual accounts 201172,9 k €
  16. 2010
    Annual accounts 2010111,0 k €
  17. 2009
    Annual accounts 200999,5 k €
  18. 19/12/2008
    IncorporationPublic limited company