OPENING OF BANKRUPTCY

CORETEC ENGINEERING

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Financial year 2022 · closed on 31/12/2022

Net result

-302,5 k €

-354.8% YoY

Revenue

5,2 M €

Equity

406,9 k €

-43.6% YoY

Workforce

10,4 ETP

-20.6% YoY

Company — Opening of bankruptcy.

What does CORETEC ENGINEERING do?

CORETEC ENGINEERING is a Public limited company incorporated in 2004. Its main activity is: Specialised design activities. Its registered office is in Liège. It employs on average 10,4 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0866.307.988

Incorporation

07/07/2004

Legal form

Public limited company

Registered office

Rue des Gardes-frontière 1
4031 Liège · WallonieSee on map

Contributed capital

921 113,44 €

Latest accounts

31/12/2022

Average workforce

10,4 ETP

Activities (NACE)

74102Specialised design activities· main 74112Specialised design activities 43222Plumbing, heat and air-conditioning installation 43222Plumbing, heat and air-conditioning installation 95100Repair of computers and communication equipment 95110Repair of computers and peripheral equipment+3

Joint committees (1)

Signals

Positive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2022		2021		2020		2019		2018		2017		2016		2015		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	5,2 M €		–		5,6 M €	-33.2%	8,3 M €	-18.7%	10,2 M €	-5.5%	10,8 M €	-15.8%	12,9 M €	+20.6%	10,7 M €	-2.7%	11,0 M €		–		–		–		–		–		–
EBITDA	308,4 k €	+161%	118,0 k €	-23.1%	153,5 k €	+254%	-100,0 k €	-124%	417,2 k €	-23.4%	544,5 k €	+20.7%	451,2 k €	+251%	128,4 k €	-70.8%	440,1 k €	-9.5%	486,1 k €	-17.7%	590,9 k €	+15.2%	513,0 k €	+44.2%	355,7 k €	+90.1%	187,1 k €	+126%	82,8 k €
Operating result	74,8 k €	+220%	-62,3 k €	-172%	86,7 k €	+992%	-9,7 k €	-103%	341,1 k €	+586%	49,7 k €	-80.6%	256,5 k €	+136%	108,8 k €	-68.7%	347,0 k €	-19.7%	432,2 k €	-17.1%	521,6 k €	+16.9%	446,1 k €	+45.0%	307,7 k €	+84.8%	166,5 k €	+160%	64,1 k €
Net result	-302,5 k €	-355%	118,7 k €	+6880%	1,7 k €	+100%	-649,5 k €	-1560%	44,5 k €	+521%	-10,6 k €	-109%	112,5 k €	+506%	18,6 k €	-88.3%	158,9 k €	-32.1%	234,0 k €	-30.9%	338,6 k €	+26.3%	268,0 k €	+52.4%	175,9 k €	+87.2%	94,0 k €	+163%	35,8 k €
Balance sheet
Equity	406,9 k €	-43.6%	722,0 k €	+17.8%	612,7 k €	+91.2%	320,5 k €	-68.0%	1,0 M €	-0.5%	1,0 M €	-39.9%	1,7 M €	+2.9%	1,6 M €	+39.1%	1,2 M €	+4.4%	1,1 M €	+12.4%	997,7 k €	+29.7%	769,2 k €	+60.3%	479,9 k €	+57.9%	304,0 k €	+44.7%	210,0 k €
Total assets	4,6 M €	-3.7%	4,8 M €	+11.0%	4,3 M €	-1.4%	4,4 M €	-21.0%	5,6 M €	+13.3%	4,9 M €	-38.9%	8,0 M €	+26.2%	6,4 M €	-22.1%	8,2 M €	+76.7%	4,6 M €	+78.4%	2,6 M €	-17.8%	3,2 M €	+107%	1,5 M €	+33.0%	1,1 M €	+56.5%	732,9 k €
Cash	92,8 k €	-61.4%	240,4 k €	-1.6%	244,3 k €	+92.1%	127,2 k €	+8.5%	117,2 k €	-67.9%	365,5 k €	-37.0%	579,8 k €	+13.7%	510,0 k €	-50.9%	1,0 M €	+22.4%	848,8 k €	+18.7%	715,0 k €	-28.9%	1,0 M €	+208%	326,9 k €	+56.2%	209,3 k €	-31.5%	305,6 k €
Debts	4,1 M €	+8.1%	3,8 M €	+22.5%	3,1 M €	-6.6%	3,3 M €	-21.7%	4,3 M €	+17.1%	3,6 M €	-30.3%	5,2 M €	+21.4%	4,3 M €	-37.3%	6,9 M €	+95.6%	3,5 M €	+120%	1,6 M €	-33.1%	2,4 M €	+128%	1,0 M €	+24.5%	838,8 k €	+61.6%	519,1 k €
Other
Workforce	10,4 ETP	-20.6%	13,1 ETP	-3.0%	13,5 ETP	+7.1%	12,6 ETP	-10.0%	14,0 ETP	0.0%	14,0 ETP	-30.0%	20,0 ETP	0.0%	20,0 ETP	+25.8%	15,9 ETP	+382%	3,3 ETP	-51.5%	6,8 ETP	-43.8%	12,1 ETP	+6.1%	11,4 ETP	+104%	5,6 ETP	+80.6%	3,1 ETP

Governance

Board of directors

Seen on filing of 31/12/2022 · 2 active · 24 ended

Active mandates

CORETEC ENERGY

Director · since 05 octobre 2020 · until 05 octobre 2026 · 0667.749.186

Represented by Pierre-Yves Dozo

Active

FBR Management

Managing director · since 05 octobre 2020 · until 05 octobre 2026 · 0670.908.319

Represented by Sébastien Ryhon

Active

Ended mandates

CORETEC ENERGY

Director · since 05 octobre 2020 · until 05 octobre 2026 · 0667.749.186

Represented by Pierre-Yves DOZO

Ended

NOSHAQ PARTNERS

Director · since 01 janvier 2010 · until 21 juin 2010 · 0808.219.836

Represented by Gianpierro DUMINUCO

Ended

Invest Minguet Gestion

Director · since 20 juillet 2004 · until 20 mai 2010 · 0472.499.470

Represented by Laurent MINGUET

Ended

Invest Minguet Gestion

Director · since 20 juillet 2004 · until 20 mai 2016 · 0472.499.470

Represented by Laurent MINGUET

Ended

At this address

Other companies at this address

Company	CBE no.
CORETEC MAINTENANCE● Bankrupt	0680.782.226

Annual accounts

Full financial information

	2022	2021	2020	2019	2018	2017
Type of account	Abridged model	Abridged model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2022	01/01/2021	01/01/2020	01/01/2019	01/01/2018	01/01/2017
Closing of the financial year	31/12/2022	31/12/2021	31/12/2020	31/12/2019	31/12/2018	31/12/2017
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/08/2023	10/01/2023	08/09/2021	31/07/2020	31/07/2019	21/08/2018
General meeting	16/08/2023	23/06/2022	01/07/2021	25/06/2020	19/04/2019	28/05/2018
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2022	16/08/2023	30/08/2023	French	PDF
Abridged modelCorrection	31/12/2021	23/06/2022	10/01/2023	French	PDF
Abridged model	31/12/2021	23/06/2022	30/08/2022	French	PDF
Full model	31/12/2020	01/07/2021	08/09/2021	French	PDF
Full model	31/12/2019	25/06/2020	31/07/2020	French	PDF
Full model	31/12/2018	19/04/2019	31/07/2019	French	PDF
Full model	31/12/2017	28/05/2018	21/08/2018	French	PDF
Full model	31/12/2016	17/05/2017	25/08/2017	French	PDF
Full model	31/12/2015	19/05/2016	30/08/2016	French	PDF
Full model	31/12/2014	21/05/2015	18/08/2015	French	PDF
Full model	31/12/2013	15/05/2014	25/07/2014	French	PDF
Abridged model	31/12/2012	16/05/2013	13/06/2013	French	PDF
Abridged model	31/12/2011	17/05/2012	27/06/2012	French	PDF
Abridged model	31/12/2010	19/05/2011	19/06/2011	French	PDF
Abridged model	31/12/2009	20/05/2010	08/06/2010	French	PDF
Abridged model	31/12/2008	11/06/2009	22/07/2009	French	PDF
Abridged model	31/12/2007	15/05/2008	26/05/2008	French	PDF
Abridged model	31/12/2006	18/05/2007	03/07/2007	French	PDF

Estimate

Indicative valuation

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 31/12/2022 · 2 active · 24 ended

Active mandates

CORETEC ENERGY

Director · since 05 octobre 2020 · until 05 octobre 2026 · 0667.749.186

Represented by Pierre-Yves Dozo

Active

FBR Management

Managing director · since 05 octobre 2020 · until 05 octobre 2026 · 0670.908.319

Represented by Sébastien Ryhon

Active

Ended mandates

CORETEC ENERGY

Director · since 05 octobre 2020 · until 05 octobre 2026 · 0667.749.186

Represented by Pierre-Yves DOZO

Ended

NOSHAQ PARTNERS

Director · since 01 janvier 2010 · until 21 juin 2010 · 0808.219.836

Represented by Gianpierro DUMINUCO

Ended

Invest Minguet Gestion

Director · since 20 juillet 2004 · until 20 mai 2010 · 0472.499.470

Represented by Laurent MINGUET

Ended

Invest Minguet Gestion

Director · since 20 juillet 2004 · until 20 mai 2016 · 0472.499.470

Represented by Laurent MINGUET

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates17/12/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates17/08/2020
DEMISSIONS, NOMINATIONS
PDF
Capital / shares11/08/2020
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - CAPITAL, ACTIONS
PDF
Other22/10/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
PDF
Capital / shares13/07/2018
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates28/06/2018
DEMISSIONS, NOMINATIONS
PDF
Restructuring21/09/2017
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
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

2022
Annual accounts 2022-302,5 k €↓
2021
Annual accounts 2021118,7 k €↑
2020
Annual accounts 20201,7 k €↑
2019
Annual accounts 2019-649,5 k €↓
2018
Annual accounts 201844,5 k €↑
2017
Annual accounts 2017-10,6 k €↓
2016
Annual accounts 2016112,5 k €↑
2015
Annual accounts 201518,6 k €↓
2012
Annual accounts 2012158,9 k €↓
2011
Annual accounts 2011234,0 k €↓
2010
Annual accounts 2010338,6 k €↑
2009
Annual accounts 2009268,0 k €↑
2008
Annual accounts 2008175,9 k €↑
2007
Annual accounts 200794,0 k €↑
2006
Annual accounts 200635,8 k €
07/07/2004
IncorporationPublic 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

CORETEC ENGINEERING

Overview

What does CORETEC ENGINEERING do?

Trend over 15 financial years

Board of directors

Other companies at this address

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