ACTIVE

CORES DEVELOPMENT

Export PDF

Financial year 2025 · Closed on 31/12/2025

Net result9,1 M €+702,7 %over 1 year

Revenue10 M €+55,5 %over 1 year

Equity38,2 M €+24,1 %over 1 year

Workforce17,6 ETP+2,3 %over 1 year

Identity

Source · BCE/KBO

CORES DEVELOPMENT is a Public limited company incorporated in 2007. Its main activity is: Development of building projects. 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

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 74151Specialised design activities 41102Development of building projects 64200Activities of holding companies 64210Activities of holding companies+1

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 23 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	10 M €	+55.5%	6,5 M €	+63.6%	3,9 M €	-29.4%	5,6 M €	-46.7%	10,5 M €
EBITDA	9,7 M €	+236%	-7,1 M €	-186%	8,3 M €	-9.9%	9,2 M €	+580%	-1,9 M €
Operating result	9,7 M €	+4032%	-248 k €	-104%	5,7 M €	-42.5%	9,9 M €	+420%	-3,1 M €
Net result	9,1 M €	+703%	1,1 M €	-76.6%	4,8 M €	-44.1%	8,6 M €	+28.8%	6,7 M €
Balance sheet
Equity	38,2 M €	+24.1%	30,8 M €	+3.7%	29,7 M €	+8.2%	27,4 M €	-2.1%	28 M €
Total assets	74,8 M €	+8.2%	69,2 M €	+18.4%	58,4 M €	-16.3%	69,8 M €	+13.1%	61,7 M €
Cash	1,8 M €	-17.0%	2,2 M €	+763%	254,2 k €	-71.7%	898 k €	-36.7%	1,4 M €
Debts	34,9 M €	-3.5%	36,2 M €	+43.4%	25,2 M €	-39.1%	41,5 M €	+30.7%	31,7 M €
Other
Workforce	17,6 ETP	+2.3%	17,2 ETP	+9.6%	15,7 ETP	-1.9%	16,0 ETP	-7.0%	17,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Domest0471.330.027Represented by Jurgen Van Bogaert	Gedelegeerd bestuurder01/04/2021 → 07/06/2030Managing director03/05/2007 → 2020 accountsended
ROBINIA0878.603.333Represented by Peter Leyssens	Gedelegeerd bestuurder28/10/2021 → 07/06/2030Managing director03/05/2007 → 2017 accountsended
SYNEPEIA0829.848.757Represented by Axel Roussis	Bestuurder01/01/2021 → 07/06/2030Directorlisted until the 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Robinia BVRepresented by Peter Leyssens	Gedelegeerd bestuurder28/10/2021 → 2021 accounts
Domest BVRepresented by Jurgen Van Bogaert	Gedelegeerd bestuurder01/04/2021 → 2021 accounts
Synepeia BVRepresented by Axel Roussis	Bestuurder01/01/2021 → 2021 accounts
Havanges0825.236.111Represented by Hans Van Gestel	Managing director15/11/2018 → 31/12/2020

Other companies at this address

Mechelsesteenweg 176 2018 Antwerpen

Company	CBE 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

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	15/06/2026	13/06/2025	17/06/2024	26/06/2023	27/06/2022	29/06/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	25/06/2021
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

Financial ratios

Source · NBB

Looking for more information about this company?

Try for free

Annual accounts filings

Source · NBB, 23 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	15/06/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	13/06/2025	Dutch	PDF
Consolidated accounts	31/12/2024	06/06/2025	12/06/2025	Dutch	PDF
Full model	31/12/2023	07/06/2024	17/06/2024	Dutch	PDF
Consolidated accounts	31/12/2023	07/06/2024	17/06/2024	Dutch	PDF
Full model	31/12/2022	02/06/2023	26/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	02/06/2023	26/06/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	27/06/2022	Dutch	PDF
Consolidated accounts	31/12/2021	24/06/2022	29/06/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	29/06/2021	Dutch	PDF
Full model	31/12/2019	05/06/2020	25/06/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	26/06/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	20/06/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	29/06/2017	Dutch	PDF
Full model	31/12/2015	20/06/2016	13/07/2016	Dutch	PDF
Full model	31/12/2014	05/06/2015	03/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	16/06/2014	Dutch	PDF
Abridged model	31/12/2012	07/06/2013	11/06/2013	Dutch	PDF
Abridged model	31/12/2011	01/06/2012	19/06/2012	Dutch	PDF
Abridged model	31/12/2010	03/06/2011	07/06/2011	Dutch	PDF
Abridged model	31/12/2009	21/05/2010	31/05/2010	Dutch	PDF
Abridged model	31/12/2008	15/05/2009	04/06/2009	Dutch	PDF
Abridged model	31/12/2007	16/05/2008	17/06/2008	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Domest0471.330.027Represented by Jurgen Van Bogaert	Gedelegeerd bestuurder01/04/2021 → 07/06/2030Managing director03/05/2007 → 2020 accountsended
ROBINIA0878.603.333Represented by Peter Leyssens	Gedelegeerd bestuurder28/10/2021 → 07/06/2030Managing director03/05/2007 → 2017 accountsended
SYNEPEIA0829.848.757Represented by Axel Roussis	Bestuurder01/01/2021 → 07/06/2030Directorlisted until the 2020 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Robinia BVRepresented by Peter Leyssens	Gedelegeerd bestuurder28/10/2021 → 2021 accounts
Domest BVRepresented by Jurgen Van Bogaert	Gedelegeerd bestuurder01/04/2021 → 2021 accounts
Synepeia BVRepresented by Axel Roussis	Bestuurder01/01/2021 → 2021 accounts
Havanges0825.236.111Represented by Hans Van Gestel	Managing director15/11/2018 → 31/12/2020

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings14 filings

Mandates

Domest

SYNEPEIA

ROBINIA

Robinia BV

Domest BV

Synepeia BV

Havanges

Nivo3 BV

Mollitiam

Mollitiam NV

Nivo3 BV

BOPLICITY

Show the 4 other mandates

200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030

CORES DEVELOPMENT

Mechelsesteenweg 176, 2018 Antwerp-2018

Gedelegeerd bestuurderManaging director

Bestuurder

Gedelegeerd bestuurderManaging director

Managing directorDirector

Managing director

Gedelegeerd bestuurder

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Mechelsesteenweg 176, 2018 Antwerp-2018Current	accounts 2021 → 2025	Accounts 2025 · 2026-00161122

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CORES DEVELOPMENTCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00161122

Events

01/01/2026
nominationTriana BV · dagelijks bestuurder
2025
Annual accounts 20259,1 M €↑
2024
Annual accounts 20241,1 M €↓
07/08/2024
nominationRobinia BV · bestuurder
07/06/2024
nominationDomest BV · bestuurder
07/06/2024
nominationRobinia BV · gedelegeerd bestuurder
07/06/2024
nominationSynepeia BV · bestuurder
2023
Annual accounts 20234,8 M €↓
2022
Annual accounts 20228,6 M €↑
2021
Annual accounts 20216,7 M €↑
2015
Annual accounts 20151,1 M €↓
2014
Annual accounts 20144,4 M €↑
2013
Annual accounts 201378,9 k €↓
2012
Annual accounts 2012533,1 k €↑
2011
Annual accounts 2011203,2 k €↑
2010
Annual accounts 201085,3 k €↓
2009
Annual accounts 2009204,5 k €↑
2008
Annual accounts 200868 k €↑
2007
Annual accounts 2007-9,9 k €
08/05/2007
IncorporationPublic limited company

CORES DEVELOPMENT

Overview

Identity

Financials

Valuation

Indicative valuation

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

Timeline

Registered offices

Company names

Events