Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 5 to 3.8.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
CORETEC ENERGY from Awans, company number BE0667749186, closed financial year 2025 with a result of € -141,176 after tax. For that financial year CORETEC ENERGY recorded revenue of € 720,000 and equity of € 5.5 million. Compared with financial year 2024, the result moved from € -564,391 to € -141,176. 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 June 15, 2026.
€ 5.5 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -141,176
▲ 75 % less loss than in 2024
Profit after tax over the fiscal year.
€ 247,894
▲ 210% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.7 million.
People and assets in 2025
3.8
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 211,291
▲ 10% vs 2024
€ 55,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 609
▼ 89% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.1 million
▼ 52% vs 2024
€ 168,714 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 209,800
▲ 67% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 165 days on average.
€ 49,875
▲ 110% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,296,150 | € 1,390,834 | € 565,037 | € 720,000 | ▲ 27% |
| Profit after taxes | € -1,419,971 | € -2,942,656 | € -564,391 | € -141,176 | ▲ € 423,215 |
| Equity | € 9,199,052 | € 6,256,396 | € 5,664,973 | € 5,523,797 | ▼ 2% |
| Total debts | € 2,587,988 | € 6,209,142 | € 7,805,343 | € 5,592,597 | ▼ 28% |
| Cash | € 15,250 | € 14,620 | € 79,986 | € 247,894 | ▲ 210% |
| Land & buildings | € 1,518,901 | € 1,389,284 | € 1,260,003 | € 0 | ▼ 100% |
| Retained profit | € -74,980 | € -3,017,636 | € -3,582,027 | € -3,723,203 | ▼ € 141,176 |
| Bank debt | € 1,700,140 | € 2,146,096 | € 2,246,757 | € 1,076,903 | ▼ 52% |
| Balance sheet total | € 11,787,040 | € 12,465,538 | € 13,470,316 | € 11,116,394 | ▼ 17% |
| Employees (FTE) | 4.3 | 5 | 4 | 3.8 | ▼ 0.2 |
Key figures of CORETEC ENERGY, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to CORETEC ENERGY?
What happened at CORETEC ENERGY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Consulfin S.R.L. stepped down as director. NBB
- Eric De Seguins Pazzis d'Aubignan stepped down as director. NBB
- Germaine Gautier stepped down as director. NBB
- Sébastien Ugona stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 141,176. Source: NBB ↗
- Consulfin S.R.L. became a director. NBB
- Eric De Seguins Pazzis d'Aubignan became a director. NBB
- Germaine Gautier became a director. NBB
In short
From € 1.4 million loss in 2022 to € 141,176 loss in 2025.
Paid € 2,404 in corporate taxes since 2022.
Pays suppliers within 165 days on average.
Management
It owns 100% of CODEL, 100% of Coretec Services, 100% of Coretec Invoicing, 100% of Coretec Energy Management, 100% of Coretec Monitoring and 100% of Coretec Projects itself.
Directors
According to the 2025 annual accounts
since 2020 · until 2026
Germaine Gautier
Director
since 2020 · until 2026
Sébastien Ugona
Director
Also active at: Coretec Energy Management, CORETEC Services, COGEN SERVICE, COGENFIN, CORETEC MONITORING, SOLFIN, CORETEC PROJECTS, ENERGYS MAINTENANCE +5 more
since 2020 · until 2026
Director · represented by Denis Quetin
Also active at: CORETEC Services, COGEN SERVICE, COGENFIN, CORETEC MONITORING, CORETEC PROJECTS, ENERGYS MAINTENANCE, REFRECO, CODEL +2 more
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Rue de la Chaudronnerie 14
4340 Awans
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →CORETEC Services same network
€ 4.2 million revenue · 2025
COGEN SERVICE same network
€ 68,081 revenue · 2025
COGENFIN same network
€ 4.1 million revenue · 2025
CORETEC MONITORING same network
€ 77,755 revenue · 2025
CORETEC PROJECTS same network
€ -4,139 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0667.749.186
- VAT number
- BE 0667.749.186
- Registered office
- Rue de la Chaudronnerie 14, 4340 Awans
- Names & denominations
- CORETEC ENERGY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 2016
- Peppol
- Active · Active since 17 Jun 2025
- Activities · NACE
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