Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 5.4 to 0.
Financials
Financial year 2025
COR - GAS from Gent, company number BE0417183241, closed financial year 2025 with a result of € -70,719 after tax. For that financial year COR - GAS recorded a gross margin of € 160,471 and equity of € 221,417. Compared with financial year 2024, the result moved from € 10,149 to € -70,719. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 8, 2025.
€ 221,417
▼ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -70,719
▼ still € 10,149 profit in 2024
Profit after tax over the fiscal year.
€ 82,881
▲ € 65,557 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 146,417.
People and assets in 2025
0
▼ 4.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 186,157
▼ 43% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 37,012
▼ 34% vs 2024
Of which on lease € 37,012.
Debts at end 2025
€ 39,053
▼ 85% vs 2024
€ 13,788 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 35,045
▼ 75% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,409
▼ 97% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 539,627 | € 501,845 | € 434,573 | € 160,471 | ▼ 63% |
| Profit after taxes | € 25,799 | € 10,568 | € 10,149 | € -70,719 | ▼ € 80,868 |
| Equity | € 281,419 | € 281,987 | € 292,136 | € 221,417 | ▼ 24% |
| Total debts | € 769,704 | € 748,482 | € 505,833 | € 77,413 | ▼ 85% |
| Cash | € 57,285 | € 19,671 | € 17,324 | € 82,881 | ▲ € 65,557 |
| Land & buildings | € 19,158 | € 16,764 | € 14,369 | € 0 | ▼ 100% |
| Retained profit | € 206,419 | € 206,987 | € 217,136 | € 146,417 | ▼ 33% |
| Dividend | € 25,000 | € 10,000 | € 0 | € 0 | |
| Bank debt | € 323,083 | € 285,473 | € 259,114 | € 39,053 | ▼ 85% |
| Balance sheet total | € 1,051,123 | € 1,030,469 | € 797,969 | € 298,829 | ▼ 63% |
| Employees (FTE) | 6.4 | 5.4 | 4.3 | 0 | ▼ 4.3 |
Key figures of COR - GAS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to COR - GAS?
What happened at COR - GAS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Fingas NV stepped down as director. NBB
- Christina Symons stepped down as director. NBB
- Daisy Van Driessche stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 70,719 (▼ € 80,868 vs 2024). Source: NBB ↗
- Katelijne Cornelis stepped down as director. NBB
- Filip Cornelis stepped down as director. NBB
- Fingas NV became a director. NBB
- Christina Symons became a director. NBB
In short
From € 25,799 profit in 2022 to € 70,719 loss in 2025.
Paid € 9,438 in corporate taxes since 2022.
Best year ever: 2022, with € 25,799 profit.
On average € 101,100 of value added per employee in 2024.
Management
The stake of FINGAS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COR - GASThe shares are held by FINGAS (100%).
Directors
According to the 2025 annual accounts
Katelijne Cornelis
Director
since 2021 · until 2025
Filip Cornelis
Director
since 2021 · until 2025
since 2025 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Wiedauwkaai 109
9000 Gent
Karel Picquélaan 92
9800 Deinze
Active since 1 July 1977
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0417.183.241
- VAT number
- BE 0417.183.241
- Registered office
- Wiedauwkaai 109, 9000 Gent
- Names & denominations
- COR - GAS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 May 1977
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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