Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 62 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
CORETEC Services from Awans, company number BE0670423814, closed financial year 2025 with a result of € 468,134 after tax. For that financial year CORETEC Services recorded revenue of € 4.2 million and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 386,744 to € 468,134. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 1.4 million
▲ 53% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 468,134
▲ 21% vs 2024
Profit after tax over the fiscal year.
€ 511,119
▼ 29% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.1 million.
People and assets in 2025
3.7
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 334,150
€ 90,300 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.
Debts at end 2025
€ 13.1 million
▼ 11% vs 2024
€ 2 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 602,652
▼ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 108,089
▼ 14% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 3,292,536 | € 3,136,691 | € 4,161,039 | ▲ 33% |
| Gross margin | € 632,845 | € 2,008,272 | € 2,339,640 | € 2,628,926 | ▲ 12% |
| Profit after taxes | € 15,665 | € 90,927 | € 386,744 | € 468,134 | ▲ 21% |
| Equity | € 410,890 | € 501,817 | € 888,560 | € 1,356,694 | ▲ 53% |
| Total debts | € 16,955,092 | € 15,721,335 | € 16,447,874 | € 14,425,281 | ▼ 12% |
| Cash | € 773,798 | € 355,475 | € 715,413 | € 511,119 | ▼ 29% |
| Retained profit | € 160,890 | € 251,817 | € 638,560 | € 1,106,694 | ▲ 73% |
| Bank debt | € 15,425,863 | € 14,233,775 | € 14,776,348 | € 13,120,693 | ▼ 11% |
| Balance sheet total | € 17,365,981 | € 16,223,152 | € 17,336,434 | € 15,781,976 | ▼ 9% |
| Employees (FTE) | - | 0.8 | 4.3 | 3.7 | ▼ 0.6 |
Key figures of CORETEC Services, 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 Services?
What happened at CORETEC Services in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Consulfin S.R.L. stepped down as director. NBB
- Janus S.R.L. stepped down as director. NBB
- Coretec Energy S.A. stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 468,134 (▲ 21% vs 2024). Source: NBB ↗
- Consulfin S.R.L. became a director. NBB
- Janus S.R.L. became a director. NBB
- Coretec Energy S.A. became a director. NBB
- New establishment in Awans. KBO
In short
From € 15,665 profit in 2022 to € 468,134 profit in 2025.
Paid € 795 in corporate taxes since 2022.
Best year ever: 2025, with € 468,134 profit.
On average € 710,500 of value added per employee in 2025.
Management
The stake of CORETEC ENERGY comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CORETEC ServicesThe shares are held by CORETEC ENERGY (100%).
Directors
According to the 2025 annual accounts
Director · represented by Sébastien UGONA
Also active at: Coretec Energy Management, CORETEC MONITORING, CORETEC PROJECTS, CORETEC INVOICING, CODEL
since 2020 · until 2026
Director · represented by Denis Quetin
Also active at: CORETEC ENERGY, COGEN SERVICE, COGENFIN, CORETEC MONITORING, CORETEC PROJECTS, ENERGYS MAINTENANCE, REFRECO, CODEL +2 more
since 2025 · until 2031
Director · represented by Jan Lecompte
Also active at: VIABUILD SUD, COGEN SERVICE, COGENFIN, CORETEC MONITORING, CORETEC PROJECTS, COGENGREEN
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
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 ENERGY same network
€ 720,000 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
- 0670.423.814
- VAT number
- BE 0670.423.814
- Registered office
- Rue de la Chaudronnerie 14, 4340 Awans
- Names & denominations
- CORETEC Services
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 January 2017
- Peppol
- Active · Active since 17 Jun 2025
- Activities · NACE
Handel in elektriciteit
Productie van elektriciteit uit niet-hernieuwbare bronnen
Transmissie van elektriciteit
Distributie van elektriciteit