ACTIVE

CORES DEVELOPMENT

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Financial year 2025 · closed on 31/12/2025
Net result
9,1 M €
+702.7% YoY
Revenue
10 M €
+55.5% YoY
Equity
38,2 M €
+24.1% YoY
Workforce
17,6 ETP
+2.3% YoY

What does CORES DEVELOPMENT do?

CORES DEVELOPMENT is a Public limited company incorporated in 2007. Its registered office is in Antwerpen. It employs on average 17,6 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0889.278.875
Incorporation
08/05/2007
Legal form
Public limited company
Registered office
Mechelsesteenweg 176
2018 Antwerpen · FlandreSee on map
Contributed capital
1 094 202,00 €
Latest accounts
31/12/2025
Average workforce
17,6 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 14 financial years

20252024202320222021201520142013201220112010200920082007
Income statement
Revenue10 M €6,5 M €3,9 M €5,6 M €10,5 M €7,8 M €4,5 M €–––––––
EBITDA9,7 M €-7,1 M €8,3 M €9,2 M €-1,9 M €2,1 M €5,1 M €-29,3 k €522,6 k €174,9 k €29,5 k €162,4 k €5,9 k €-53,2 k €
Operating result9,7 M €-248 k €5,7 M €9,9 M €-3,1 M €1,3 M €5 M €-29,3 k €501,8 k €139,4 k €-6,1 k €126,9 k €-20,7 k €-76,9 k €
Net result9,1 M €1,1 M €4,8 M €8,6 M €6,7 M €1,1 M €4,4 M €78,9 k €533,1 k €203,2 k €85,3 k €204,5 k €68 k €-9,9 k €
Balance sheet
Equity38,2 M €30,8 M €29,7 M €27,4 M €28 M €4,7 M €4,7 M €1,7 M €1,6 M €1,4 M €1,3 M €1,3 M €1,2 M €1,1 M €
Total assets74,8 M €69,2 M €58,4 M €69,8 M €61,7 M €14 M €11,7 M €3,7 M €4,1 M €2,6 M €1,4 M €3,5 M €3,3 M €2,1 M €
Cash1,8 M €2,2 M €254,2 k €898 k €1,4 M €951,7 k €1,6 M €20,7 k €11,7 k €72,3 k €181,2 k €156,3 k €3 k €17,4 k €
Debts34,9 M €36,2 M €25,2 M €41,5 M €31,7 M €9,2 M €7 M €2 M €2,4 M €1,1 M €36,1 k €2,1 M €2 M €1 M €
Other
Workforce17,6 ETP17,2 ETP15,7 ETP16,0 ETP17,2 ETP10,5 ETP10,8 ETP–––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 47 ended

Active mandates

Domest

Gedelegeerd bestuurder · since 07 juin 2024 · until 07 juin 2030 · 0471.330.027

Represented by Jurgen Van Bogaert

Active
ROBINIA

Gedelegeerd bestuurder · since 07 juin 2024 · until 07 juin 2030 · 0878.603.333

Represented by Peter Leyssens

Active
SYNEPEIA

Bestuurder · since 07 juin 2024 · until 07 juin 2030 · 0829.848.757

Represented by Axel Roussis

Active

Ended mandates

ROBINIA

Gedelegeerd bestuurder · since 28 octobre 2021 · until 07 juin 2024 · 0878.603.333

Represented by Peter Leyssens

Ended
Robinia BV

Gedelegeerd bestuurder · since 28 octobre 2021 · until 07 juin 2024

Represented by Peter Leyssens

Ended
Domest

Gedelegeerd bestuurder · since 01 avril 2021 · until 07 juin 2024 · 0471.330.027

Represented by Jurgen Van Bogaert

Ended
Domest

Managing director · since 01 avril 2021 · until 07 juin 2024 · 0471.330.027

Represented by Jurgen Van Bogaert

Ended
At this address

Other companies at this address

CompanyCBE no.
Cadran Properties● Active
0787.688.104
C-HIVE● Active
0772.491.964
Cores Industries● Active
0803.953.024
Cores Properties● Active
0881.515.412
Cores Rental Service● Active
0632.678.540
Friendship Development● Active
0881.057.235
Friendship E● Active
0881.202.933
Friendship T● Active
0881.203.329
KALVENNE● Active
0676.542.138
Osteoworks● Active
0779.318.982
Ter Veer● Active
0875.582.574
The Quint● Active
0714.965.620
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 date15/06/202613/06/202517/06/202426/06/202327/06/202229/06/2021
General meeting05/06/202606/06/202507/06/202402/06/202303/06/202225/06/2021
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

23 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202505/06/202615/06/2026DutchPDF
Full model31/12/202406/06/202513/06/2025DutchPDF
m120-f-p31/12/202406/06/202512/06/2025DutchPDF
Full model31/12/202307/06/202417/06/2024DutchPDF
m120-f-p31/12/202307/06/202417/06/2024DutchPDF
Full model31/12/202202/06/202326/06/2023DutchPDF
m120-f-p31/12/202202/06/202326/06/2023DutchPDF
Full model31/12/202103/06/202227/06/2022DutchPDF
m120-f-p31/12/202124/06/202229/06/2022DutchPDF
Full model31/12/202025/06/202129/06/2021DutchPDF
Full model31/12/201905/06/202025/06/2020DutchPDF
Full model31/12/201807/06/201926/06/2019DutchPDF
Full model31/12/201701/06/201820/06/2018DutchPDF
Full model31/12/201602/06/201729/06/2017DutchPDF
Full model31/12/201520/06/201613/07/2016DutchPDF
Full model31/12/201405/06/201503/07/2015DutchPDF
Abridged model31/12/201306/06/201416/06/2014DutchPDF
Abridged model31/12/201207/06/201311/06/2013DutchPDF
Abridged model31/12/201101/06/201219/06/2012DutchPDF
Abridged model31/12/201003/06/201107/06/2011DutchPDF
Abridged model31/12/200921/05/201031/05/2010DutchPDF
Abridged model31/12/200815/05/200904/06/2009DutchPDF
Abridged model31/12/200716/05/200817/06/2008DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 · 47 ended

Active mandates

Domest

Gedelegeerd bestuurder · since 07 juin 2024 · until 07 juin 2030 · 0471.330.027

Represented by Jurgen Van Bogaert

Active
ROBINIA

Gedelegeerd bestuurder · since 07 juin 2024 · until 07 juin 2030 · 0878.603.333

Represented by Peter Leyssens

Active
SYNEPEIA

Bestuurder · since 07 juin 2024 · until 07 juin 2030 · 0829.848.757

Represented by Axel Roussis

Active

Ended mandates

ROBINIA

Gedelegeerd bestuurder · since 28 octobre 2021 · until 07 juin 2024 · 0878.603.333

Represented by Peter Leyssens

Ended
Robinia BV

Gedelegeerd bestuurder · since 28 octobre 2021 · until 07 juin 2024

Represented by Peter Leyssens

Ended
Domest

Gedelegeerd bestuurder · since 01 avril 2021 · until 07 juin 2024 · 0471.330.027

Represented by Jurgen Van Bogaert

Ended
Domest

Managing director · since 01 avril 2021 · until 07 juin 2024 · 0471.330.027

Represented by Jurgen Van Bogaert

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other16/02/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates31/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates14/08/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/01/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares15/09/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Mandates19/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates18/03/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/12/2018
    ONTSLAGEN - BENOEMINGEN
    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. 01/01/2026
    nominationTriana BV — dagelijks bestuurder
  2. 2025
    Annual accounts 20259,1 M €↑
  3. 2024
    Annual accounts 20241,1 M €↓
  4. 07/08/2024
    nominationRobinia BV — bestuurder
  5. 07/06/2024
    nominationDomest BV — bestuurder
  6. 07/06/2024
    nominationRobinia BV — gedelegeerd bestuurder
  7. 07/06/2024
    nominationSynepeia BV — bestuurder
  8. 2023
    Annual accounts 20234,8 M €↓
  9. 2022
    Annual accounts 20228,6 M €↑
  10. 2021
    Annual accounts 20216,7 M €↑
  11. 2015
    Annual accounts 20151,1 M €↓
  12. 2014
    Annual accounts 20144,4 M €↑
  13. 2013
    Annual accounts 201378,9 k €↓
  14. 2012
    Annual accounts 2012533,1 k €↑
  15. 2011
    Annual accounts 2011203,2 k €↑
  16. 2010
    Annual accounts 201085,3 k €↓
  17. 2009
    Annual accounts 2009204,5 k €↑
  18. 2008
    Annual accounts 200868 k €↑
  19. 2007
    Annual accounts 2007-9,9 k €
  20. 08/05/2007
    IncorporationPublic limited company