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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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2026; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 27.8 to 2.4.
Financials
Financial year 2026
COREX from Pittem, company number BE0837454052, closed financial year 2026 with a result of € -127,003 after tax. For that financial year COREX recorded a gross margin of € 250,380 and equity of € -109,353. Compared with financial year 2025, the result moved from € -34,596 to € -127,003. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 29, 2026.
€ -109,353
▼ € 127,003 vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -127,003
▼ 267 % more loss than in 2025
Profit after tax over the fiscal year.
€ 12,277
▲ 118% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -129,353.
People and assets in 2026
2.4
▼ 7.2 vs 2025
Average over the fiscal year, from the social balance sheet.
€ 315,721
▲ 5% vs 2025
€ 131,600 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.
€ 906
▼ 65% vs 2025
Book value of vehicles, furniture and equipment.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 47,831
▲ 16% vs 2025
Supplier invoices still open on the last day of the fiscal year.
€ 14,949
▼ 30% vs 2025
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 366,372 | € 395,545 | € 309,851 | € 250,380 | ▼ 19% |
| Profit after taxes | € 16,676 | € 6,537 | € -34,596 | € -127,003 | ▼ € 92,407 |
| Equity | € 45,709 | € 52,246 | € 17,650 | € -109,353 | ▼ € 127,003 |
| Total debts | € 108,188 | € 121,787 | € 161,066 | € 164,374 | ▲ 2% |
| Cash | € 5,248 | € 19,472 | € 5,620 | € 12,277 | ▲ 118% |
| Land & buildings | € 7,998 | € 14,800 | € 12,939 | € 8,795 | ▼ 32% |
| Retained profit | € 25,709 | € 32,246 | € -2,350 | € -129,353 | ▼ € 127,003 |
| Bank debt | € 0 | € 0 | € 27 | € 0 | ▼ 100% |
| Balance sheet total | € 153,897 | € 174,033 | € 178,716 | € 55,021 | ▼ 69% |
| Employees (FTE) | - | 27.8 | 9.6 | 2.4 | ▼ 7.2 |
By gross margin, COREX ranks 2nd of 6 companies with main activity “Activiteiten van eetgelegenheden met volledige bediening” in Pittem that publish figures (fiscal year 2026).
Key figures of COREX, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 31 October 2027.
Ask about COREX the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to COREX?
What happened at COREX in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 127,003. Source: NBB ↗
- New establishment in Pittem. KBO
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 16,676 profit in 2023 to € 127,003 loss in 2026.
Paid € 22,187 in corporate taxes since 2023.
Best year ever: 2023, with € 16,676 profit.
On average € 104,300 of value added per employee in 2026.
Management
The stake of FLEGO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
COREXBehind COREX is Flego BV. The shares are held by FLEGO (100%).
Directors
According to the 2026 annual accounts
Director · represented by Alexis Maes
Also active at: HOSTELLERIE KLOKHOF, Ivenco, HUMA, LUPAS, CORMA, DISTRIFOODS
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brugsesteenweg 143
8740 Pittem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Similar companies in Pittem
Same main activity (Activiteiten van eetgelegenheden met volledige bediening), 5 active companies in Pittem, largest first.
€ 347,038 gross margin · 2025
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Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- MAES Rudiger Pauline Léon(oprichter) 95%
- MAES Alexis(oprichter) 5%
Details
- Company number
- 0837.454.052
- VAT number
- BE 0837.454.052
- Registered office
- Brugsesteenweg 143, 8740 Pittem
- Names & denominations
- COREX
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 June 2011
- Peppol
- Active · Active since 30 Sept 2025
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening
Hotels en dergelijke accommodatie
Catering van evenementen