Cortex Machina
The computed 12-month bankruptcy probability of Cortex Machina is 1.9% (moderate). The 2024 annual accounts show negative equity (€-111k) and a net result of €-53k. Equity is shrinking by ~89.2% per year across the filed fiscal years. Its solvency ranks better than 14% of 230 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-111k |
| Net result | €-53k |
| Better than sector | 14% |
| Active | 4 yrs |
Mixed profile: strong on profitability, weaker on health.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -54.9% | 47.1% | |
| Net result | €-53k | €5k | |
| Equity | €-111k | €26k | |
| Gross operating margin | €-4k | €17k | |
| Staff costs | €-24 | €35k |
Show 9 other metrics
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €-4k |
| Net profit | €-53k |
| Cash flow | €-5k |
| Staff costs | €-24 |
| Income taxes | - |
| Dividends | - |
| Total assets | €202k |
| Equity | €-111k |
| Debt | €313k |
| of which ≤ 1y | €306k |
| of which > 1y | - |
| Working capital | €-265k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 0.13 |
| Quick ratio | 0.13 |
| Working capital ratio | -130.9% |
| Solvency | -54.9% |
| Debt / equity | -2.82 |
| Long-term debt ratio | - |
| Interest coverage | -14.24 |
| Gross margin | - |
| Net margin | - |
| ROA | -26.3% |
| ROE | 48.0% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (21 line items)
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €202k |
| Fixed assets | 21/28 | €161k |
| Intangible fixed assets | 21 | €160k |
| Tangible fixed assets | 22/27 | €851 |
| Current assets | 29/58 | €41k |
| Amounts receivable within one year | 40/41 | €25k |
| Cash & bank | 54/58 | €16k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €202k |
| Equity | 10/15 | €-111k |
| Contributions / capital | 10/11 | €10k |
| Accumulated profits (losses) | 14 | €-121k |
| Amounts payable | 17/49 | €313k |
| Amounts payable within one year | 42/48 | €306k |
| Trade debts payable within one year | 44 | €2k |
| Income statement | ||
| Gross operating margin | 9900 | €-4k |
| Operating result | 9901 | €-53k |
| Financial income | 75 | €219 |
| Financial charges | 65 | €315 |
| Result before taxes | 9903 | €-53k |
| Net result for the period | 9904 | €-53k |
| Result to be appropriated | 9905 | €-53k |
Former directors (1)
-
Quertain & Co SRLLegal entityDirector· perm. rep.: Julien QuertainState Gazette act 25002109 (07-01-2025)Former- → 07-01-2025
| NACE primary | Uitgeven van overige software(58290) |
| Legal form | Private limited company(610) |
| Incorporation | 22-11-2021 |
| Status | Active |
| Postal code | 1380 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051C0091/00A003 | Wallonia | 1,953 m² | 1 · 369 m² | 12.3 m · 3 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
09-01-2026 Publication in the Belgian Official Gazette, Miscellaneous
Technical details
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"date": "2026-01-06",
"label": "date de l\u0027acte"
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{
"date": "2025-09-29",
"label": "date du proc\u00E8s-verbal de l\u0027organe d\u0027administration"
},
{
"date": "2026-01-07",
"label": "date de d\u00E9p\u00F4t"
}
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{
"kind": "person",
"name": "Hojung Lee",
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{
"kind": "person",
"name": "Julien Quertain",
"role": "actionnaire"
},
{
"kind": "person",
"name": "Romain Pecher",
"role": "actionnaire"
},
{
"kind": "person",
"name": "Maxime Chinchilla",
"role": "actionnaire"
},
{
"kind": "person",
"name": "Antoine Declairfayt",
"role": "Notaire instrumentaire"
}
],
"key_amounts_eur": [
{
"label": "montant de l\u0027augmentation de l\u0027apport hors capital",
"amount": 301206.0
},
{
"label": "capital initial",
"amount": 10000.0
},
{
"label": "capital apr\u00E8s augmentation",
"amount": 311206.0
},
{
"label": "apport de Mme Hojung Lee",
"amount": 267000.0
},
{
"label": "apport de Mr Julien Quertain",
"amount": 16846.0
},
{
"label": "apport de Mr Romain Pecher",
"amount": 7480.0
},
{
"label": "apport de Mr Maxime Chinchilla",
"amount": 9880.0
}
],
"subject_company": {
"kbo": "0777.588.424",
"name_full": "Cortex Machina",
"legal_form": "Soci\u00E9t\u00E9 \u00E0 responsabilit\u00E9 limit\u00E9e"
},
"publication_proxy": {
"kind": null
},
"summary_narrative": "",
"co_filed_documents": [],
"detected_real_type": "capital_increase"
}07-01-2025 Julien Quertain resigns as director
- Julien Quertain, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
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"rrn": null,
"name": "Julien Quertain",
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},
"via_org": {
"kbo": "0777588424",
"name": "Quertain \u0026 Co SRL",
"address": null,
"country": null,
"legal_form": null
},
"evidence_quote": "L\u0027assembl\u00E9e, par un vote sp\u00E9cial et \u00E0 l\u0027unanimit\u00E9 note le d\u00E9mission comme administrateur non statutaire de Cortex Machina SRL, la soci\u00E9t\u00E9 \u00AB Quertain \u0026 Co SRL\u003E repr\u00E9sent\u00E9 par son administrateur Mr Julien Quertain!"
}
],
"schema": "v3.2",
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},
"subject_company": {
"kbo": "0777.588.424",
"name_full": "CORTEX MACHINA",
"legal_form": "SRL"
}
}24-11-2021 Incorporation of a new SRL
Technical details
{
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"founders": [
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"person": {
"dob": "1989-09-28",
"name": "QUERTAIN Julien Maurice Louis Yvon Eric",
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"address": "7901 Thieulain (Leuze-en-Hainaut), Humont, 12"
},
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"name": "DUVAL Benjamin Marie Jean Alain Jacques Edison",
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{
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"person": {
"dob": "1989-08-19",
"name": "PECHER Romain Martin Olivier",
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"address": "1170 Watermael-Boitsfort, Avenue des Hannetons, 7"
},
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{
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"person": {
"dob": "1985-02-20",
"name": "PREUMONT Gordon Gwen Kevin",
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"address": "1000 Bruxelles, Rue des Echelles, 8"
},
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{
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"person": {
"dob": "1961-07-02",
"name": "LEE Hojung",
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"address": "1180 Uccle, Avenue de l\u0027Echevinage, 35"
},
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},
{
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"person": {
"dob": "1987-03-05",
"name": "CHINCHILLA Maxime",
"niss": null,
"address": "1050 Ixelles, rue de la R\u00E9forme, 48 bo\u00EEte RC"
},
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"n_shares_subscribed": 240,
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}
],
"capital_eur": 10000,
"subject_company": {
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},
"initial_directors": [],
"incorporation_date": "2021-11-22",
"post_incorporation_mandates": []
}| Legal nameFR | Cortex Machina |