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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Tight liquidity NBB
Cash and receivables cover 35 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
30 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CORESO from Brussel, company number BE0808569630, closed financial year 2025 with a result of € 1.5 million after tax. For that financial year CORESO recorded revenue of € 50.7 million and equity of € 8.7 million. Compared with financial year 2024, the result moved from € 1.2 million to € 1.5 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 8.7 million
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.5 million
▲ 22% vs 2024
Profit after tax over the fiscal year.
€ 3.2 million
▲ 209% 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 € 7.7 million.
People and assets in 2025
110.8
▲ 8.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 15.8 million
▲ 4% vs 2024
€ 142,900 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.
€ 422,888
▲ 67% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 21 million
▲ 62% vs 2024
Loans from banks and other lenders, long and short.
€ 10.8 million
▲ 20% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 173 days on average.
€ 3.8 million
▲ 8% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 26,394,526 | € 30,499,623 | € 39,725,729 | € 50,718,286 | ▲ 28% |
| Profit after taxes | € 805,757 | € 722,909 | € 1,202,741 | € 1,464,542 | ▲ 22% |
| Equity | € 5,273,153 | € 5,996,062 | € 7,198,803 | € 8,663,345 | ▲ 20% |
| Total debts | € 8,020,522 | € 16,100,297 | € 25,790,403 | € 35,862,547 | ▲ 39% |
| Cash | € 1,079,497 | € 3,192,216 | € 1,034,280 | € 3,196,036 | ▲ 209% |
| Retained profit | € 4,273,153 | € 4,996,062 | € 6,198,803 | € 7,663,345 | ▲ 24% |
| Bank debt | € 3,600,000 | € 3,600,000 | € 13,000,000 | € 21,000,000 | ▲ 62% |
| Balance sheet total | € 13,293,676 | € 22,096,359 | € 32,989,206 | € 45,302,892 | ▲ 37% |
| Employees (FTE) | 81.8 | 86.8 | 102.6 | 110.8 | ▲ 8.2 |
Key figures of CORESO, 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 CORESO?
What happened at CORESO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Maria Antonietta Sidoni stepped down as director. NBB
- Dirk Biermann stepped down as director. NBB
- Craig Dyke stepped down as director. NBB
- Bruno Nunes stepped down as director. NBB
- James Matthys-Donnadieu stepped down as director. NBB
- Walter Geelen stepped down as director. NBB
- John Ging stepped down as director. NBB
- Olivier Arrivé stepped down as director. NBB
In short
From € 805,757 profit in 2022 to € 1.5 million profit in 2025.
Paid € 2.6 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.5 million profit.
Pays suppliers within 173 days on average.
A new publication or filing at CORESO? We notify you, reason included.
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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
The shares are held by Terna SPA (15.8%), Elia Transmission Belgium SA (15.8%), National Energy System Operator Limited (15.8%), Red Electrica de Espana SAU (15.8%), RTE (Réseau de Transport d'Electricité) SA (15.8%) and 50Hertz Transmission GmbH (7.9%).
Directors
According to the 2025 annual accounts
Maria Antonietta Sidoni
Director
since 2024 · until 2027
Dirk Biermann
Director
since 2024 · until 2027
Craig Dyke
Director
since 2024 · until 2027
Bruno Nunes
Director
since 2026 · until 2027
James Matthys-Donnadieu
Director
since 2024 · until 2027
Walter Geelen
Director
since 2024 · until 2027
John Ging
Director
since 2024 · until 2027
Olivier Arrivé
Director
since 2024 · until 2027
Mauro Caprabianca
Director
since 2024 · until 2027
Tomas Dominguez Autran
Vice-chairman of the board
since 2024 · until 2027
Emilio Cerezo Diez
Director
since 2024 · until 2027
Maria José Clara
Director
since 2024 · until 2026
Sebastien Henry
Chairman of the board
since 2024 · until 2027
Shareholders
Terna SPA
15.8%
Red Electrica de Espana SAU
15.8%
RTE (Réseau de Transport d'Electricité) SA
15.8%
EirGrid PLC
3.7%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kortenberglaan 71
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 30 companies are registered at this address.
All companies at this address →Locotrans
Internationale Federatie van Liberale en Radicale Jongeren
Confédération Européenne de la Plasturgie
THE EUROPEAN PLASTICS PIPES AND FITTINGS ASSOCIATION
€ 243,012 gross margin · 2025
European Organisation for Technical Assessment- (Organisation européenne pour l'Évaluation Technique)
€ 210,278 gross margin · 2025
+25 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
INFOMANIAK-AS, CH
Domain
Domain
coreso.eu
Registrar
ClearMedia NV
Website info
Features
Security
Details
- Company number
- 0808.569.630
- VAT number
- BE 0808.569.630
- Registered office
- Kortenberglaan 71, 1000 Brussel
- Names & denominations
- CORESO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 2008
- Peppol
- Active · Active since 15 Apr 2025
- Contact
- coreso.eu
- Activities · NACE
Distributie van elektriciteit
Diensten in verband met vervoer te land