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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Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
CORES DEVELOPMENT from Antwerpen, company number BE0889278875, closed financial year 2025 with a result of € 9.1 million after tax. For that financial year CORES DEVELOPMENT recorded revenue of € 10 million and equity of € 38.2 million. Compared with financial year 2024, the result moved from € 1.1 million to € 9.1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 38.2 million
▲ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9.1 million
▲ € 8 million vs 2024
Profit after tax over the fiscal year.
€ 1.8 million
▼ 17% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.5 million paid out
16 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
17.6
▲ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.9 million
▲ 15% vs 2024
€ 105,400 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.
€ 213,727
▲ 57% vs 2024
Of which on lease € 189,201.
Debts at end 2025
€ 30.2 million
▼ 8% vs 2024
€ 6.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 2.5 million
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 70 days on average.
€ 255,410
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,582,637 | € 3,943,653 | € 6,453,393 | € 10,037,810 | ▲ 56% |
| Profit after taxes | € 8,641,648 | € 4,831,216 | € 1,132,913 | € 9,093,697 | ▲ € 8 million |
| Equity | € 27,432,762 | € 29,691,631 | € 30,796,936 | € 38,221,511 | ▲ 24% |
| Total debts | € 41,475,732 | € 25,331,543 | € 37,873,941 | € 36,627,638 | ▼ 3% |
| Cash | € 897,950 | € 254,207 | € 2,193,239 | € 1,820,196 | ▼ 17% |
| Retained profit | € 12,506,938 | € 14,765,807 | € 15,871,112 | € 23,295,687 | ▲ 47% |
| Dividend | € 5,000,000 | € 2,500,000 | € 0 | € 1,500,000 | |
| Bank debt | € 17,467,387 | € 19,593,292 | € 32,643,986 | € 30,189,813 | ▼ 8% |
| Balance sheet total | € 69,763,571 | € 58,415,983 | € 69,170,877 | € 74,849,149 | ▲ 8% |
| Employees (FTE) | 16 | 15.7 | 17.2 | 17.6 | ▲ 0.4 |
Key figures of CORES DEVELOPMENT, 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 CORES DEVELOPMENT?
What happened at CORES DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Robinia BV stepped down as director. NBB
- Domest BV stepped down as director. NBB
- Synepeia BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 9.1 million (▲ € 8 million vs 2024). Source: NBB ↗
- Robinia BV became a director. NBB
- Domest BV became a director. NBB
- Synepeia BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 8.6 million profit in 2022 to € 9.1 million profit in 2025.
Paid € 106,818 in corporate taxes since 2022.
Best year ever: 2025, with € 9.1 million profit.
Paid out € 9 million in dividends to the owners in total.
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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 stake of Domest comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CORES DEVELOPMENTThe shares are held by Domest (40%). It owns 100% of Ter Veer, 100% of Friendship Development, 100% of Cores Rental Service, 100% of C-Hive, 100% of Cores Industries and 100% of Verheeskade itself.
Directors
According to the 2025 annual accounts
Gedelegeerd bestuurder · represented by Peter Leyssens
Also active at: RINKKAAI, KALVENNE, Piper, Spitfire, Bergesteyn, The Quint, JNS Betonboringen, SOUVERAIN 23 LAND +11 more
since 2024 · until 2030
Gedelegeerd bestuurder · represented by Jurgen Van Bogaert
Also active at: RINKKAAI, KALVENNE, Mollitiam, Piper, Spitfire, Bergesteyn, The Quint, SOUVERAIN 23 LAND +11 more
since 2024 · until 2030
Bestuurder · represented by Axel Roussis
Also active at: Devos-Plastics, LIFE SUPPLIES, RESINEX Belgium, FACTORING SERVICE CENTER, Plastiche Finance, B & R, RAVAGO LOGISTICS, RAVAGO COORDINATION CENTER +9 more
since 2024 · until 2030
Shareholders
40%
Participations
100%
100%
100%
100%
100%
100%
100%
100%
50%
50%
50%
50%
25%
25%
Establishments
Establishment units
Physical locations of this company
Mechelsesteenweg 176
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Cores Rental Service same network
€ 29,384 gross margin · 2025
KALVENNE same network
€ 78,476 gross margin · 2025
The Quint same network
€ -1,825 gross margin · 2025
C-HIVE same network
€ -18,531 gross margin · 2025
Osteoworks
€ -4,581 gross margin · 2025
+7 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
- 0889.278.875
- VAT number
- BE 0889.278.875
- Registered office
- Mechelsesteenweg 176, 2018 Antwerpen
- Names & denominations
- CORES DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 May 2007
- Peppol
- Active · Active since 9 Oct 2025
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Managementactiviteiten van holdings
Activiteiten van holdings
Ontwikkeling van niet-residentiële bouwprojecten
Holdings