Cortex & Fornix
ActiveCortex & Fornix has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. 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 42% of 14009 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+19
Solvency45▼-47
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity short (current ratio 0.8 against 1.98 in 2024; short-term debt: 75% and cash: 42.8% of total assets), and 80% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
20%
Return on assets
39.3%
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 01-06-2026, 60 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
60 d early
2024
21 d early
2023
21 d late
2022
7 d late
2021
19 d early
2020
25 d late
2019
26 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€22k▼ 71.2%
2024 · €77k
2018: €17k
2019: €52k
2020: €16k
2021: €58k
2022: €40k
2023: €66k
2024: €77k
2018 → 2025
Total assets
€111k▼ 3.5%
2024 · €115k
2018: €31k
2019: €65k
2020: €50k
2021: €84k
2022: €73k
2023: €100k
2024: €115k
2018 → 2025
Net result
€44k▲ 290%
2024 · €11k
2018: €11k
2019: €35k
2020: €-36k
2021: €42k
2022: €-18k
2023: €26k
2024: €11k
2018 → 2025
Working capital
€-17k
2024 · €37k
2018: €14k
2019: €19k
2020: €-15k
2021: €34k
2022: €23k
2023: €54k
2024: €37k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€58k-€40k▼ 30.9%€66k▲ 65.9%€77k▲ 17.0%€22k▼ 71.2%
Operating result€50k-€-17k€34k€18k▼ 47.3%€58k▲ 221%
Net result€42k-€-18k€26k€11k▼ 57.2%€44k▲ 290%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 221% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111k
Fixed assets
€45k▲ 8.7%
Current assets
€67k▼ 10.2%
Equity and liabilities €111k
Equity
€22k▼ 71.2%
Debt
€89k▲ 134%
The debt ratio rises from 33.0% to 80.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€68k▲
2024 · €30k
Cash flow
€53k▲
2024 · €23k
Solvency
20.0%▼
2024 · 67.0%
Current ratio
0.80▼
2024 · 1.98
Quick ratio
0.80▼
2024 · 1.98
Debt / equity
4.00▲
2024 · 0.49
ROE
196.4%▲
2024 · 14.5%
ROA
39.3%▲
2024 · 9.7%
Interest coverage
107.69▲
2024 · 41.76
Debt
€89k▲
2024 · €38k
Debt ≤ 1 year
€84k▲
2024 · €38k
Income taxes
€14k▲
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€115k€111k▼
Fixed assets21/28€41k€45k▲
Tangible fixed assets22/27€27k€45k▲
Furniture and vehicles24€27k€7k▼
Other tangible fixed assets26-€38k
Financial fixed assets28€14k-
Current assets29/58€74k€67k▼
Amounts receivable within one year40/41€44k€16k▼
Trade receivables40€20k€10k▼
Other amounts receivable41€24k€6k▼
Cash at bank and in hand54/58€28k€48k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€115k€111k▼
Equity10/15€77k€22k▼
Contributions10/11€6k€19k▲
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€239€239=
Profit (loss) carried forward14€69k€2k▼
Amounts payable17/49€38k€89k▲
Amounts payable within one year42/48€38k€84k▲
Trade debts44€18k€9k▼
Suppliers440/4€18k€9k▼
Advances received on contracts in progress46€13k-
Taxes, remuneration and social security45€6k€8k▲
Taxes450/3€6k€8k▲
Other amounts payable47/48-€67k
Accrued charges and deferred income492/3€480€6k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€9k▼
Other operating charges640/8€394€986▲
Gross operating margin9900€31k€69k▲
Operating profit (loss)9901€18k€58k▲
Financial income75/76B€188€96▼
Recurring financial income75€188€96▼
Financial charges65/66B€723€627▼
Recurring financial charges65€723€627▼
Profit (loss) for the period before taxes9903€18k€58k▲
Income taxes67/77€6k€14k▲
Profit (loss) for the period9904€11k€44k▲
Profit (loss) for the period to be appropriated9905€11k€44k▲
Appropriation of the result
Profit (loss) to be appropriated9906€69k€113k▲
Profit (loss) brought forward from the previous period14P€58k€69k▲
Profit to be distributed694/7-€111k
Return on contributions (dividend)694-€111k
The notes to these accounts (8 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
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €44k ▲290%
Operating result €58k, net result €44k, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
31-12
Financial
Back to profitnet €26k
Net result €26k after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €42k
Net result €42k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.30
Current ratio from 0.55 to 2.30; short-term debt falls from €34k to €26k.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Weakest financial yearnet €-36k ▼204%
Net result drops to €-36k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ukkel · 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.
Beemdgraslaan 11180 UkkelGround area
242 m²
Building footprint
218 m²
Volume, LiDAR
1,495 m³
2 parcels, Brussels · tallest building 10.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cortex & Fornix
since 20182.278.599.185
2 parcels
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. |
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.
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Of 7,322 companies in sector 68110 we hold annual accounts for 5,382. 2,583 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-06-2018
Fiscal year end31-12
Activities, NACEBEL
68110Buying and selling of own real estate
70200Business and other management consultancy
70210Activities of head offices; management consultancy activities
70220Business consulting
73300Public relations and communication consultancy
82100Office administrative and support services
82110Office administrative, office support and other business support activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.