Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 36 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
CORELY BELGIUM from Watermaal-Bosvoorde, company number BE0534940053, closed financial year 2024 with a result of € -72.1 million after tax. Compared with financial year 2023, the result moved from € -35.9 million to € -72.1 million. 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 September 10, 2025.
€ 48.7 million
▼ 31% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -72.1 million
▼ 101 % more loss than in 2023
Profit after tax over the fiscal year.
€ 5.2 million
▲ € 4.5 million vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -78.1 million.
People and assets in 2024
€ 22,000
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 23 million
▼ 6% vs 2023
Loans from banks and other lenders, long and short.
€ 24,579
▲ 65% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 14 days on average.
€ 759,642
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Profit after taxes | € -3,754,441 | € 6,877,873 | € -35,916,913 | € -72,086,040 | ▼ € 36.2 million |
| Equity | € 99,096,582 | € 105,974,455 | € 70,057,542 | € 48,674,502 | ▼ 31% |
| Total debts | € 86,089,722 | € 80,816,380 | € 96,693,922 | € 61,955,147 | ▼ 36% |
| Cash | € 1,562,298 | € 2,965,917 | € 706,373 | € 5,244,058 | ▲ € 4.5 million |
| Retained profit | € 24,799,582 | € 31,677,455 | € -6,023,637 | € -78,109,677 | ▼ € 72.1 million |
| Bank debt | € 37,136,865 | € 32,766,201 | € 24,540,598 | € 23,000,000 | ▼ 6% |
| Balance sheet total | € 185,186,303 | € 186,790,834 | € 166,751,464 | € 110,629,649 | ▼ 34% |
Key figures of CORELY BELGIUM, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to CORELY BELGIUM?
What happened at CORELY BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 72.1 million. filed late Source: NBB ↗
- New establishment in Watermaal-Bosvoorde. KBO
- Start of the company according to the CBE. KBO
- Corely SAS became a director. NBB
In short
From € 3.8 million loss in 2021 to € 72.1 million loss in 2024.
Paid € 1.5 million in corporate taxes since 2021.
Best year ever: 2022, with € 6.9 million profit.
Pays suppliers within 14 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind CORELY BELGIUM is Corely SAS. The shares are held by Corely SAS (100%). It owns 100% of Algopack SAS, 87.7% of Azur Drone SAS, 55% of Algae Group SAS, 50% of Pinel & Pinel SAS, 50% of Adélie invest SAS and 49.3% of Wanaka SAS itself.
Directors
According to the 2024 annual accounts
Director · represented by GASPARD GEORGES
since 2013
Shareholders
100%
Participations
Algopack SAS
100%
Azur Drone SAS
87.7%
Algae Group SAS
55%
Pinel & Pinel SAS
50%
Adélie invest SAS
50%
Wanaka SAS
49.3%
Manufacture Joaillière Suisse SA
29%
Establishments
Establishment units
Physical locations of this company
Delleurlaan 18
1170 Watermaal-Bosvoorde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0534.940.053
- VAT number
- BE 0534.940.053
- Registered office
- Delleurlaan 18, 1170 Watermaal-Bosvoorde
- Names & denominations
- CORELY BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 5 June 2013
- Peppol
- Active · Active since 15 May 2025
- Activities · NACE
Activiteiten van holdings