What does CORETEC ENGINEERING do?

CORETEC ENGINEERING is registered with the CBE as active in: Activiteiten van industriële designers. Public Limited, started on 7 July 2004, 1 establishment.

What is the address of CORETEC ENGINEERING?

The registered office of CORETEC ENGINEERING is located at Rue des Gardes-frontière 1, 4031 Liège.

Is CORETEC ENGINEERING still active?

No. The CBE lists CORETEC ENGINEERING with legal situation “Opening faillissement”. The date of the court ruling is published in the Belgian Official Gazette; the register does not carry it.

Is CORETEC ENGINEERING registered on Peppol?

No, CORETEC ENGINEERING is currently not registered on the Peppol network.

What is the enterprise number of CORETEC ENGINEERING?

The enterprise number of CORETEC ENGINEERING is BE0866307988.

When was CORETEC ENGINEERING founded?

CORETEC ENGINEERING was founded on 7 July 2004.

Who are the directors of CORETEC ENGINEERING?

According to the 2022 annual accounts, the directors of CORETEC ENGINEERING are: CORETEC ENERGY représenté par PYD INVEST & Administration, FBR MANAGEMENT.

Is CORETEC ENGINEERING a reliable company?

Databakkes does not pass judgement; this is what the sources say: Opening faillissement according to the CBE, started on 7 July 2004; 2 annual accounts filed, latest fiscal year 2022; 2 directors known from the annual account.

How much profit did CORETEC ENGINEERING make in 2022?

CORETEC ENGINEERING recorded a loss after taxes of € 302,540 in financial year 2022.

What is the revenue of CORETEC ENGINEERING?

In its most recent annual accounts (2022), CORETEC ENGINEERING reported revenue of € 5,169,126.

How much does an employee at CORETEC ENGINEERING earn?

The average wage cost per full-time employee at CORETEC ENGINEERING was € 67,000 in 2022: staff costs of € 697,197 for 10.4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does CORETEC ENGINEERING have?

According to the 2022 annual accounts, CORETEC ENGINEERING has 10.4 full-time equivalents (FTE).

Does CORETEC ENGINEERING have a website?

Yes, CORETEC ENGINEERING has a website at coretec.be.

CORETEC ENGINEERING (Public Limited) - Liège

Dossier CORETEC ENGINEERING, printed on 3 October 2026 from databakkes.be/en/0866307988/coretec-engineering. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 54 % of short-term debt in 2022; threshold 65 %.
Figures corrected NBB

Corrected annual account filed for 2021.
Legal situation KBO

Opening faillissement according to the CBE.

Financials

Financial year 2022

CORETEC ENGINEERING from Liège, company number BE0866307988, closed financial year 2022 with a result of € -302,540 after tax. For that financial year CORETEC ENGINEERING recorded revenue of € 5.2 million and equity of € 406,935. Compared with financial year 2021, the result moved from € 118,746 to € -302,540. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 30, 2023.

What it is worth Healthy

€ 406,935

▼ 44% vs 2021

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -302,540

▼ still € 118,746 profit in 2021

Profit after tax over the fiscal year.

Cash in the bank

€ 92,835

▼ 61% vs 2021

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -601,120.

People and assets in 2022

Full-time equivalents

10.4

▼ 2.7 vs 2021

Average over the fiscal year, from the social balance sheet.

Wage cost

€ 697,197

▼ 21% vs 2021

€ 67,000 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.

Vehicles and equipment

€ 1,648

▼ 83% vs 2021

Book value of vehicles, furniture and equipment.

Debts at end 2022

Bank debt

€ 1.4 million

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 1.1 million

▼ 16% vs 2021

Supplier invoices still open on the last day of the fiscal year.

Taxes and wages

€ 115,674

▼ 23% vs 2021

Taxes, VAT and social contributions still to pay.

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Key figures per fiscal year Download key figures (CSV)
	2021	2022	Change 2021 → 2022
Revenue	-	€ 5,169,126 Revenue 2022: € 5,169,126 First fiscal year in the series
Gross margin	€ 1,143,891 Gross margin 2021: € 1,143,891 First fiscal year in the series	€ 1,197,056 Gross margin 2022: € 1,197,056 ▲ 5% vs 2021 (€ 1,143,891) Favourable step	▲ 5%
Profit after taxes	€ 118,746 Profit after taxes 2021: € 118,746 First fiscal year in the series	€ -302,540 Profit after taxes 2022: € -302,540 ▼ € 421,286 vs 2021 (€ 118,746) Unfavourable step	▼ € 421,286
Equity	€ 722,045 Equity 2021: € 722,045 First fiscal year in the series	€ 406,935 Equity 2022: € 406,935 ▼ 44% vs 2021 (€ 722,045) Unfavourable step	▼ 44%
Total debts	€ 3,886,634 Total debts 2021: € 3,886,634 First fiscal year in the series	€ 4,122,962 Total debts 2022: € 4,122,962 ▲ 6% vs 2021 (€ 3,886,634) Unfavourable step	▲ 6%
Cash	€ 240,440 Cash 2021: € 240,440 First fiscal year in the series	€ 92,835 Cash 2022: € 92,835 ▼ 61% vs 2021 (€ 240,440) Unfavourable step	▼ 61%
Retained profit	€ -298,580 Retained profit 2021: € -298,580 First fiscal year in the series	€ -601,120 Retained profit 2022: € -601,120 ▼ € 302,540 vs 2021 (€ -298,580) Unfavourable step	▼ € 302,540
Bank debt	€ 1,393,959 Bank debt 2021: € 1,393,959 First fiscal year in the series	€ 1,389,672 Bank debt 2022: € 1,389,672 Unchanged (€ 1,393,959) Favourable step
Balance sheet total	€ 4,818,705 Balance sheet total 2021: € 4,818,705 First fiscal year in the series	€ 4,642,063 Balance sheet total 2022: € 4,642,063 ▼ 4% vs 2021 (€ 4,818,705) Unchanged	▼ 4%
Employees (FTE)	13.1 Employees (FTE) 2021: 13.1 First fiscal year in the series	10.4 Employees (FTE) 2022: 10.4 ▼ 2.7 vs 2021 (13.1) Unchanged	▼ 2.7

Key figures of CORETEC ENGINEERING, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.

What happened to CORETEC ENGINEERING?

What happened at CORETEC ENGINEERING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

CORETEC ENGINEERING is active according to the CBE. Legal situation: Opening faillissement.

2026 CORETEC ENERGY représenté par PYD INVEST & Administration stepped down as director. NBB
2026 FBR MANAGEMENT stepped down as director. NBB
Aug 30, 2023 New annual accounts for financial year 2022: loss of € 302,540 (▼ € 421,286 vs 2021). filed late Source: NBB ↗
2020 CORETEC ENERGY représenté par PYD INVEST & Administration became a director. NBB
2020 FBR MANAGEMENT became a director. NBB
Jul 9, 2004 New establishment in Liège. KBO
Jul 7, 2004 Start of the company according to the CBE. KBO

In short

From € 118,746 profit in 2021 to € 302,540 loss in 2022.

Paid € 2,320 in corporate taxes since 2021.

Best year ever: 2021, with € 118,746 profit.

On average € 115,100 of value added per employee in 2022.

Original PDFs at the National Bank ↗

A new publication or filing at CORETEC ENGINEERING? 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%

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