Active BE 0698.577.568Private limited company

Cortex & Fornix

Beemdgraslaan 1 ·1180 Ukkel, Belgium· 8 yrs active

Sector: Handel in eigen onroerend goed (68110)

Conclusion Checked

The computed 12-month bankruptcy probability of Cortex & Fornix is 0.6% (low). The 2025 annual accounts show equity of €22k and a net result of €44k. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 47% of 1339 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Key figures

Equity	€22k
Net result	€44k
Better than sector	47%
Active	8 yrs

Snowflake analysis 5 of 5 axes measured · computed by Checked

70 / 100

Strong profile, led by profitability.

All 5 axes are computed from data Checked has read.

Health 53

Profitability 100

Solvency 20

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.6% Low

0%0,5%1,5%4%10%≥25%

Higher-failure-rate region +Lower-failure-rate sector −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2018, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2025 · computed

53 / 100 Fair

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview8 NBB filings

Annual accounts filed on 01-06-2026 with the NBB · fiscal year 2025 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~10.2%/year over 8 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	20.0%	22.9%	better than 47% of 1339 sector peers
Net result	€44k	€10k	better than 78% of 1337 sector peers
Equity	€22k	€44k	better than 38% of 1340 sector peers
Gross operating margin	€69k	€39k	better than 66% of 1337 sector peers
Total assets	€111k	€291k	better than 27% of 1339 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€68k

+123.9% 18-25

Net profit

€44k

+289.5% 18-25

Cash flow

€53k

+127.9% 18-25

Total assets

€111k

-3.5% 18-25

Equity

€22k

-71.2% 18-25

Working capital

€-17k

- 18-25

Income taxes

€14k

+119.8% 18-25

Dividends

€111k

- 18-25

Debt

€89k

+134.1% 18-25

Debt ≤ 1y

€84k

+122.3% 18-25

Current ratio

0.80

-59.6% 18-25

Quick ratio

0.80

-59.6% 18-25

Solvency

20.0%

-70.2% 18-25

Debt / equity

4.00

+712.3% 18-25

ROE

196.4%

+1251.9% 18-25

ROA

39.3%

+303.5% 18-25

Interest coverage

107.69

+157.9% 18-25

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2025
Deposit	micro
Revenue	-
EBITDA	€68k
Net profit	€44k
Cash flow	€53k
Staff costs	-
Income taxes	€14k
Dividends	€111k
Total assets	€111k
Equity	€22k
Debt	€89k
of which ≤ 1y	€84k
of which > 1y	-
Working capital	€-17k
Employees (FTE)	-

Ratios (computed)

	2025
Current ratio	0.80
Quick ratio	0.80
Working capital ratio	-15.1%
Solvency	20.0%
Debt / equity	4.00
Long-term debt ratio	-
Interest coverage	107.69
Gross margin	-
Net margin	-
ROA	39.3%
ROE	196.4%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2025

Assets

Fixed assets €45k · 40.0% Current assets €67k · 60.0%

Equity & liabilities

Equity €22k · 20.0% Debt €89k · 80.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025
Balance sheet, Assets
TOTAL ASSETS	20/58	€111k
Fixed assets	21/28	€45k
Tangible fixed assets	22/27	€45k
Current assets	29/58	€67k
Amounts receivable within one year	40/41	€16k
Cash & bank	54/58	€48k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€111k
Equity	10/15	€22k
Contributions / capital	10/11	€19k
Reserves	13	€2k
Accumulated profits (losses)	14	€2k
Amounts payable	17/49	€89k
Amounts payable within one year	42/48	€84k
Trade debts payable within one year	44	€9k
Income statement
Gross operating margin	9900	€69k
Operating result	9901	€58k
Financial income	75	€96
Financial charges	65	€627
Result before taxes	9903	€58k
Income taxes	67/77	€14k
Net result for the period	9904	€44k
Result to be appropriated	9905	€44k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Legal Structure

NACE primary	Handel in eigen onroerend goed(68110)
Legal form	Private limited company(610)
Incorporation	19-06-2018
Status	Active
Postal code	1180

Connections & network 1 connected companies

Group structure

87 SECONDS

We sit on their board · 1 location

→

Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Ownership & control 1 parties

Cortex & FornixBE 0698.577.568

controls

Where this company holds controlthis company sits on their board1

87 SECONDS

1 location

Each band states what its claims rest on. A board seat is influence over the board, not ownership. Court mandates (receiver, interim administrator) and liquidation mandates do not link companies and are therefore absent here; they belong under Directors & mandates.

Establishment units 1 location

Cortex & Fornix

Kommandant Ponthierstraat 38, 1040 EtterbeekHoldings

since 20182.278.599.185

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21614H0056/00N007	Brussels	169 m²	1 · 168 m²	9.9 m · 2 fl.
21363B0352/00R031	Brussels	73 m²	1 · 50 m²	10.9 m · 2 fl.

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.

Updates 9 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

01-06-2026

NBB filing Annual accounts filed

fiscal year 2025 · micro

2025

10-07-2025

NBB filing Annual accounts filed

fiscal year 2024 · micro

2024

15-10-2024

State Gazette act Director changes

François HERINCKX

21-08-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

07-08-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

2022

12-07-2022

NBB filing Annual accounts filed

fiscal year 2021 · micro

2021

25-08-2021

NBB filing Annual accounts filed

fiscal year 2020 · micro

2020

26-08-2020

NBB filing Annual accounts filed

fiscal year 2019 · micro

2019

28-08-2019

NBB filing Annual accounts filed

fiscal year 2018 · micro

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2024

15-10-2024 Change in the board of directors Director changes·François HERINCKX

Notary: François HERINCKX · BruxellesFirm: Herinckx & Penne, notaires associés

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Handel in eigen onroerend goed68100Handel in eigen onroerend goed68110Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Adviesbureaus op het gebied van public relations en communicatie70210Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Administratieve en ondersteunende activiteiten ten behoeve van kantoren82100Diverse administratieve activiteiten ten behoeve van kantoren82110Overige zakelijke dienstverlening, n.e.g.82990Overige zakelijke dienstverlening, neg82990

Primary activity highlighted.

Names & trade names

Legal nameFR

Cortex & Fornix

Registered office

Beemdgraslaan 1

1180 Ukkel, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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