Cortenbergh 107
ActiveSummary
Cortenbergh 107 has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22.71M and a net result of €86k. Equity is shrinking by ~3.9% per year across the filed fiscal years. Its solvency ranks better than 72% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+9
Solvency92▼-1
Growth46▲+19
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €210k at 30 days acceptable
Liquidity short (current ratio 0.37 against 0.37 in 2024; short-term debt: 28.3% and cash: 8.5% of total assets), and 33.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
66.8%
Return on assets
0.3%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
8 d early
2024
43 d early
2023
34 d early
2022
43 d early
2021
58 d early
2020
47 d early
2019
32 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€2.18M▲ 4.2%
2024 · €2.09M
2019: €2.69M
2020: €1.85M
2021: €1.86M
2022: €1.87M
2023: €2.01M
2024: €2.09M
2019 → 2025
EBIT margin
22.3%▲ 1.4pp
2024 · 21.0%
2019: 7.2%
2020: 4.1%
2021: 5.9%
2022: 5.3%
2023: 15.1%
2024: 21.0%
2019 → 2025
Net result
€86k
2024 · €-66k
2019: €-61k
2020: €-44k
2021: €-39k
2022: €-40k
2023: €-158k
2024: €-66k
2019 → 2025
Working capital
€-6.07M▼ 0.4%
2024 · €-6.04M
2019: €-7.10M
2020: €-8.04M
2021: €-7.39M
2022: €-7.12M
2023: €-7.16M
2024: €-6.04M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.86M-€1.87M▲ 0.5%€2.01M▲ 7.8%€2.09M▲ 3.7%€2.18M▲ 4.2%
Equity€26.34M-€25.30M▼ 3.9%€23.99M▼ 5.2%€23.92M▼ 0.3%€22.71M▼ 5.1%
Operating result€110k-€98k▼ 10.2%€304k▲ 209%€438k▲ 44.1%€486k▲ 11.0%
Net result€-39k-€-40k▼ 2.5%€-158k▼ 295%€-66k▲ 58.4%€86k
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 11% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33.98M
Fixed assets
€30.42M ▼ 3.3%
Current assets
€3.56M ▲ 2.3%
Equity and liabilities €33.98M
Equity
€22.71M ▼ 5.1%
Provisions
€950k ▲ 15.4%
Debt
€10.32M ▲ 1.2%
Debt's share of the balance-sheet total rises from 29.2% to 30.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€1.53M▲
2024 · €1.49M
Cash flow
€1.13M▲
2024 · €985k
Current ratio
0.37▲
2024 · 0.37
Debt to equity
0.45▲
2024 · 0.43
ROE
0.4%▲
2024 · -0.3%
ROA
0.3%▲
2024 · -0.2%
Interest coverage
4.90▲
2024 · 3.29
Debt ≤ 1 year
€9.63M▲
2024 · €9.53M
Income taxes
€117k▲
2024 · €50k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€34.95M€33.98M▼
Fixed assets21/28€31.46M€30.42M▼
Tangible fixed assets22/27€31.46M€30.42M▼
Land and buildings22€31.46M€30.42M▼
Current assets29/58€3.48M€3.56M▲
Amounts receivable within one year40/41€586k€607k▲
Trade receivables40€584k€605k▲
Other amounts receivable41€2k€2k=
Cash at bank and in hand54/58€2.79M€2.88M▲
Deferred charges and accrued income490/1€107k€77k▼
Equity and liabilities
Total equity and liabilities10/49€34.95M€33.98M▼
Equity10/15€23.92M€22.71M▼
Contributions10/11€24.33M€23.03M▼
Capital10€24.33M€23.03M▼
Issued capital100€24.33M€23.03M▼
Profit (loss) carried forward14€-408k€-321k▲
Provisions and deferred taxes16€823k€950k▲
Provisions for liabilities and charges160/5€823k€950k▲
Major repairs and maintenance162€823k€950k▲
Amounts payable17/49€10.20M€10.32M▲
Amounts payable within one year42/48€9.53M€9.63M▲
Financial debts43€9.46M€9.46M=
Credit institutions430/8€9.46M€9.46M=
Trade debts44€9k€1k▼
Suppliers440/4€9k€1k▼
Taxes, remuneration and social security45€64k€175k▲
Taxes450/3€64k€175k▲
Accrued charges and deferred income492/3€668k€690k▲
Income statement
Code20242025
Operating income70/76A€2.61M€2.76M▲
Turnover70€2.09M€2.18M▲
Other operating income74€519k€580k▲
Operating charges60/66A€2.17M€2.27M▲
Services and other goods61€480k€531k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.05M€1.04M▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€127k€127k=
Other operating charges640/8€511k€570k▲
Operating profit (loss)9901€438k€486k▲
Financial income75/76B€0€29k▲
Recurring financial income75€0€29k▲
Income from financial fixed assets750€0-
Income from current assets751-€29k
Financial charges65/66B€454k€312k▼
Recurring financial charges65€454k€312k▼
Debt charges650€453k€312k▼
Other financial charges652/9€723€692▼
Profit (loss) for the period before taxes9903€-16k€203k▲
Income taxes67/77€50k€117k▲
Taxes670/3€50k€117k▲
Profit (loss) for the period9904€-66k€86k▲
Profit (loss) for the period to be appropriated9905€-66k€86k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-408k€-321k▲
Profit (loss) brought forward from the previous period14P€-342k€-408k▼
The notes to these accounts (24 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-09
State Gazette act
General meeting · Registered-office moveRegistered-office move · Power of attorney3 facts ▸
State Gazette act
General meeting · Registered-office move
Registered-office move · Power of attorney3 facts ▸
- General meeting, 19-06-2026
- Registered-office move, Rue Royale 52, 1000 Bruxelles
- Power of attorney, Valentin AUDRIT
26-08
State Gazette act
Capital & sharesCapital decrease · Capital · Statutes amendment5 facts ▸
State Gazette act
Capital & shares
Capital decrease · Capital · Statutes amendment5 facts ▸
- General meeting, 30-07-2026
- Capital decrease, €1.500.000
- Capital, €21.532.688
- Statutes amendment
- Capital decrease distribution, proportion de leur participation, EUR
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €86k
Net result €86k after 6 loss-making years.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-158k
Net result drops to €-158k, the lowest in the series; recovery starts the following year.
18-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
03-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
16 acts for this company are in the Belgian State Gazette, of which we have read 2. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 2018
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Koningsstraat 521000 BrusselGround area
6,132 m²
Building footprint
4,365 m²
Volume, LiDAR
97,143 m³
2 parcels, Brussels · tallest building 45.8 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Cortenbergh 107 SA
since 20182.278.119.729
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
| 21804D1516/00C000 | Brussels | 460 m² | 1 · 487 m² | 32.6 m · 8 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Capital and shareholders
Capital over the years
- 26-08-2026 Capital reduction of 1,500,000 EUR · to 21,532,688 EUR · repaid to the shareholders
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 660 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-07-2018
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.