Summary
CORTEXCO has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €5.6m and a net result of €834,899. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 63% of 8113 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Holding: general score not applicable
The company has a registered holding activity and financial fixed assets account for more than half of its assets. The general operating-company model is unsuitable for this profile, so we show no financial axes either. Filed figures remain available.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
19 d early
2022
17 d early
2021
40 d early
2020
31 d late
2019
11 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€5.6m▲ 17.4%
2023 · €4.8m
Total assets
€8.4m▲ 8.8%
2023 · €7.7m
Net result
€834,899▲ 10.7%
2023 · €754,392
Working capital
-€232,897
2023 · €181,327
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€363,722▲ 1.1%€346,359▼ 4.8%€427,714▲ 23.5%€612,574▲ 43.2%€680,294▲ 11.1%
Net result€319,658above the sector's middle half▼ 34.9%€426,048above the sector's middle half▲ 33.3%€567,664above the sector's middle half▲ 33.2%€754,392above the sector's middle half▲ 32.9%€834,899above the sector's middle half▲ 10.7%
Equity€3.1mabove the sector's middle half▲ 11.7%€3.5mabove the sector's middle half▲ 13.9%€4.1mabove the sector's middle half▲ 16.3%€4.8mabove the sector's middle half▲ 18.6%€5.6mabove the sector's middle half▲ 17.4%
Total assets€5.9mabove the sector's middle half▲ 3.6%€6.0mabove the sector's middle half▲ 2.3%€7.3mabove the sector's middle half▲ 22.4%€7.7mabove the sector's middle half▲ 4.9%€8.4mabove the sector's middle half▲ 8.8%
Debt€2.8m▼ 4.0%€2.5m▼ 10.4%€3.3m▲ 31.0%€2.9m▼ 12.0%€2.7m▼ 5.3%
Working capital-€1.5mbelow the sector's middle half▲ 9.3%-€1.2mbelow the sector's middle half▲ 20.9%-€386,496below the sector's middle half▲ 66.6%€181,327within the sector's middle half-€232,897below the sector's middle half
Solvency52.3%within the sector's middle half▲ 3.8pp58.2%within the sector's middle half▲ 5.9pp55.3%within the sector's middle half▼ 2.9pp62.5%within the sector's middle half▲ 7.2pp67.3%within the sector's middle half▲ 4.9pp
Current ratio0.26below the sector's middle half▲ 0.080.36below the sector's middle half▲ 0.100.79within the sector's middle half▲ 0.431.11within the sector's middle half▲ 0.310.86within the sector's middle half▼ 0.25
Return on assets (ROA)5.5%within the sector's middle half▼ 3.2pp7.1%within the sector's middle half▲ 1.7pp7.7%within the sector's middle half▲ 0.6pp9.8%within the sector's middle half▲ 2.1pp10.0%within the sector's middle half▲ 0.2pp
Staff (FTE)1within the sector's middle half=1.5within the sector's middle half▲ 50.0%1within the sector's middle half▼ 33.3%1within the sector's middle half=1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 11% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €8.4m
Fixed assets
€7.0m ▲ 19.1%
Current assets
€1.4m ▼ 23.4%
Equity and liabilities €8.4m
Equity
€5.6m ▲ 17.4%
Debt
€2.7m ▼ 5.3%
Debt's share of the balance-sheet total falls from 37.5% to 32.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
14.8%▼
2023 · 15.7%
Debt ≤ 1 year
€1.7m▼
2023 · €1.7m
Debt > 1 year
€1.1m▼
2023 · €1.2m
Income taxes
€142,336▲
2023 · €135,453
Staff costs
€41,108▲
2023 · €40,666
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €21,500 | - |
| Remuneration, social security and pensions62 | - | €52,171 | €37,554 | €40,666 | €41,108 | ▲ 1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,622 | €15,334 | €15,151 | €14,941 | €17,386 | ▲ 16.4% |
| Other operating charges640/8 | - | €3,980 | €4,021 | €5,091 | €3,020 | ▼ 40.7% |
| Non-recurring operating charges66A | - | €115 | €124 | €45 | €53 | ▲ 17.8% |
| Gross operating margin9900 | €399,944 | €417,958 | €484,564 | €673,316 | €741,862 | ▲ 10.2% |
| Operating profit (loss)9901 | €363,722 | €346,359 | €427,714 | €612,574 | €680,294 | ▲ 11.1% |
| Financial income75/76B | - | €232,898 | €316,660 | €386,129 | €426,797 | ▲ 10.5% |
| Recurring financial income75 | €113,443 | €232,898 | €5,264 | €386,129 | €426,797 | ▲ 10.5% |
| Non-recurring financial income76B | - | - | €311,397 | €0 | - | - |
| Financial charges65/66B | - | €79,319 | €85,132 | €108,858 | €129,855 | ▲ 19.3% |
| Recurring financial charges65 | €84,374 | €79,319 | €85,132 | €108,858 | €129,855 | ▲ 19.3% |
| Profit (loss) for the period before taxes9903 | €392,792 | €499,937 | €659,242 | €889,845 | €977,236 | ▲ 9.8% |
| Income taxes67/77 | €73,135 | €73,889 | €91,578 | €135,453 | €142,336 | ▲ 5.1% |
| Profit (loss) for the period9904 | €319,658 | €426,048 | €567,664 | €754,392 | €834,899 | ▲ 10.7% |
| Profit (loss) for the period to be appropriated9905 | €319,658 | €426,048 | €567,664 | €754,392 | €834,899 | ▲ 10.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.9m | €6.0m | €7.3m | €7.7m | €8.4m | ▲ 8.8% |
| Fixed assets21/28 | €5.4m | €5.3m | €5.9m | €5.8m | €7.0m | ▲ 19.1% |
| Tangible fixed assets22/27 | €45,658 | €30,325 | €16,073 | €4,117 | €97,793 | ▲ 2,275% |
| Plant, machinery and equipment23 | - | €61 | €5 | €0 | €6,804 | - |
| Furniture and vehicles24 | - | €2,144 | €1,652 | €3,406 | €90,989 | ▲ 2,572% |
| Leasing and similar rights25 | - | €28,120 | €14,416 | €711 | €0 | ▼ 100% |
| Financial fixed assets28 | €5.3m | €5.3m | €5.8m | €5.8m | €6.9m | ▲ 17.5% |
| Current assets29/58 | €506,232 | €656,855 | €1.5m | €1.9m | €1.4m | ▼ 23.4% |
| Amounts receivable within one year40/41 | €384,880 | €515,198 | €388,006 | €607,142 | €1.3m | ▲ 110% |
| Trade receivables40 | - | €21,850 | €45,980 | €265,302 | €494,898 | ▲ 86.5% |
| Other amounts receivable41 | - | €493,348 | €342,026 | €341,840 | €780,634 | ▲ 128% |
| Current investments50/53 | - | - | €1.0m | €0 | - | - |
| Cash at bank and in hand54/58 | €121,170 | €141,474 | €100,358 | €1.2m | €143,648 | ▼ 88.5% |
| Deferred charges and accrued income490/1 | - | €183 | €189 | €10,229 | €6,363 | ▼ 37.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.9m | €6.0m | €7.3m | €7.7m | €8.4m | ▲ 8.8% |
| Equity10/15 | €3.1m | €3.5m | €4.1m | €4.8m | €5.6m | ▲ 17.4% |
| Contributions10/11 | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Reserves13 | €2.9m | €3.3m | €3.9m | €4.6m | €5.4m | ▲ 18.1% |
| Non-distributable reserves130/1 | - | €20,000 | €20,000 | €20,000 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €20,000 | €20,000 | €20,000 | €0 | ▼ 100% |
| Distributable reserves133 | - | €3.3m | €3.8m | €4.6m | €5.4m | ▲ 18.6% |
| Amounts payable17/49 | €2.8m | €2.5m | €3.3m | €2.9m | €2.7m | ▼ 5.3% |
| Amounts payable after more than one year17 | €826,920 | €691,570 | €1.4m | €1.2m | €1.1m | ▼ 11.4% |
| Financial debts170/4 | - | €691,570 | €1.4m | €1.2m | €1.1m | ▼ 11.4% |
| Amounts payable within one year42/48 | €2.0m | €1.8m | €1.9m | €1.7m | €1.7m | ▼ 1.3% |
| Current portion of amounts payable after more than one year42 | - | €158,488 | €246,655 | €240,002 | €243,903 | ▲ 1.6% |
| Trade debts44 | €1,999 | €3,169 | €10,124 | €10,459 | €7,446 | ▼ 28.8% |
| Suppliers440/4 | - | €3,169 | €10,124 | €10,459 | €7,446 | ▼ 28.8% |
| Taxes, remuneration and social security45 | - | €81,900 | €80,280 | €87,992 | €70,091 | ▼ 20.3% |
| Taxes450/3 | - | €73,638 | €71,473 | €78,390 | €60,025 | ▼ 23.4% |
| Remuneration and social security454/9 | - | €8,262 | €8,807 | €9,602 | €10,066 | ▲ 4.8% |
| Other amounts payable47/48 | - | €1.6m | €1.5m | €1.3m | €1.3m | ▼ 0.3% |
| Accrued charges and deferred income492/3 | - | €1,161 | €2,300 | €2,019 | €8,060 | ▲ 299% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €319,658 | €426,048 | €567,664 | €754,392 | €834,899 | ▲ 10.7% |
| + Depreciation and write-downs630 | €14,622 | €15,334 | €15,151 | €14,941 | €17,386 | ▲ 16.4% |
| Operating cash flow (approximation) | €334,280 | €441,382 | €582,815 | €769,333 | €852,286 | ▲ 10.8% |
| Investment in fixed assets (approximation) | - | €0 | -€528,560 | -€2,984 | -€1.1m | ▼ 37,917% |
| Change in cash | - | €20,304 | -€41,117 | €1.1m | -€1.1m | ▼ 196% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €834,899 ▲10.7%
Operating result €680,294, net result €834,899, both a record.
31-12
Financial
Equity above €5mEq €5.6m ▲17.4%
7 profitable years in a row build equity to €5.6m.
12-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
20-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
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.
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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, Roeselare · 1 establishment unit since 2008
Ground area
583 m²
Building footprint
280 m²
Volume, LiDAR
1,962 m³
Parcel 36503C1285/00S000, Flanders · tallest building 7.8 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
CORTEXCO
since 20082.171.500.396
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36503C1285/00S000 | Flanders | 583 m² | 1 · 280 m² | 7.8 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 10,368 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-06-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
82990Other business support services
64210Activities of holding companies
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID
0208:0898426272
Also
9925:BE0898426272
Registered
26-05-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.