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 2025 annual accounts show equity of €6.1m and a net result of €492,411. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 51% of 10,732 sector peers (NACE 70, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Business and other management consultancy
NACE 70200Other business support services NACE 82990
1 site
Size
€11.4mtotal assets 2025
- Staff
- 1 FTE
- Equity
- €6.1m
- Profit
- €492,411
Turnover not published (abbreviated format)
Financial health
Holding: outside the score modelBankruptcy probability: sector outside the model
Structure
Accounts 35 days early0 of 3 deeds read
SignalsneutralLatest accounts filed on timeShow the evidence
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.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
35 days early
2024
30 days early
2023
19 days early
2022
17 days early
2021
40 days early
2020
31 days late
2019
11 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 17 days before the deadline; the sector median (NACE 70) for financial year 2024 is 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
23-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · abbreviated…
- General meeting · Name changeName clause · Capital contribution
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
Equity
€6.1m▲ 8.7%
2024 · €5.6m
Total assets
€11.4m▲ 35.7%
2024 · €8.4m
Net result
€492,411▼ 41.0%
2024 · €834,899
Working capital
-€966,675▼ 315%
2024 · -€232,897
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has risen four years in a row; 2025 is 1% above 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€0.7m
2025
Net result€0.5m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€11.4m
2025
Equity€6.1m
2025
Debt€5.2m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€1.0m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)4.3%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency53.9%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.61
2025
Average staff in full-time equivalents (FTE).
Staff (FTE)1
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.4m-€0.4m▲ 2.2%€0.4m▲ 1.1%€0.3m▼ 4.8%€0.4m▲ 23.5%€0.6m▲ 43.2%€0.7m▲ 11.1%€0.7m▲ 1.1%
Net result€0.2m-€0.5m▲ 169%€0.3mabove the sector's middle half▼ 34.9%€0.4mabove the sector's middle half▲ 33.3%€0.6mabove the sector's middle half▲ 33.2%€0.8mabove the sector's middle half▲ 32.9%€0.8mabove the sector's middle half▲ 10.7%€0.5mabove the sector's middle half▼ 41.0%
Equity€2.3m-€2.7m▲ 21.8%€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%€6.1mabove the sector's middle half▲ 8.7%
Total assets€5.4m-€5.7m▲ 5.7%€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%€11.4mabove the sector's middle half▲ 35.7%
Debt€3.1m-€2.9m▼ 6.0%€2.8m▼ 4.0%€2.5m▼ 10.4%€3.3m▲ 31.0%€2.9m▼ 12.0%€2.7m▼ 5.3%€5.2m▲ 91.4%
Working capital-€1.7m--€1.6m▲ 2.7%-€1.5mbelow the sector's middle half▲ 9.3%-€1.2mbelow the sector's middle half▲ 20.9%-€0.4mbelow the sector's middle half▲ 66.6%€0.2mwithin the sector's middle half-€0.2mbelow the sector's middle half-€1.0mbelow the sector's middle half▼ 315%
Solvency42.1%-48.5%▲ 6.4pp52.3%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▲ 4.9pp53.9%within the sector's middle half▼ 13.4pp
Current ratio0.16-0.17▲ 0.010.26below 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▼ 0.250.61within the sector's middle half▼ 0.25
Return on assets (ROA)3.4%-8.7%▲ 5.3pp5.5%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▲ 0.2pp4.3%within the sector's middle half▼ 5.6pp
Staff (FTE)1-1=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=1within the sector's middle half=
above
within
below
the middle half of NACE 70, Activities of head offices; management consultancy activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.4m
Fixed assets
€9.9m ▲ 41.6%
Current assets
€1.5m ▲ 6.9%
Equity and liabilities €11.4m
Equity
€6.1m ▲ 8.7%
Debt
€5.2m ▲ 91.4%
Debt's share of the balance-sheet total rises from 32.7% to 46.1%. Equity and debt are higher.
Key figures and ratios
ROE
8.0%▼
2024 · 14.8%
Debt ≤ 1 year
€2.5m▲
2024 · €1.7m
Debt > 1 year
€2.8m▲
2024 · €1.1m
Income taxes
€151,034▲
2024 · €142,336
Staff costs
€2,284▼
2024 · €41,108
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €21,500 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | €52,171 | €37,554 | €40,666 | €41,108 | €2,284 | ▼ 94.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,611 | €17,170 | €14,622 | €15,334 | €15,151 | €14,941 | €17,386 | €103,367 | ▲ 495% |
| Other operating charges640/8 | - | - | - | €3,980 | €4,021 | €5,091 | €3,020 | €7,714 | ▲ 155% |
| Non-recurring operating charges66A | - | - | - | €115 | €124 | €45 | €53 | €344 | ▲ 550% |
| Gross operating margin9900 | €404,360 | €413,257 | €399,944 | €417,958 | €484,564 | €673,316 | €741,862 | €801,435 | ▲ 8.0% |
| Operating profit (loss)9901 | €352,293 | €359,932 | €363,722 | €346,359 | €427,714 | €612,574 | €680,294 | €687,725 | ▲ 1.1% |
| Financial income75/76B | - | - | - | €232,898 | €316,660 | €386,129 | €426,797 | €70,177 | ▼ 83.6% |
| Recurring financial income75 | €2 | €301,577 | €113,443 | €232,898 | €5,264 | €386,129 | €426,797 | €70,177 | ▼ 83.6% |
| Non-recurring financial income76B | - | - | - | - | €311,397 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €79,319 | €85,132 | €108,858 | €129,855 | €114,457 | ▼ 11.9% |
| Recurring financial charges65 | €89,166 | €86,070 | €84,374 | €79,319 | €85,132 | €108,858 | €129,855 | €114,457 | ▼ 11.9% |
| Profit (loss) for the period before taxes9903 | €263,129 | €575,439 | €392,792 | €499,937 | €659,242 | €889,845 | €977,236 | €643,445 | ▼ 34.2% |
| Income taxes67/77 | €80,669 | €84,127 | €73,135 | €73,889 | €91,578 | €135,453 | €142,336 | €151,034 | ▲ 6.1% |
| Profit (loss) for the period9904 | €182,460 | €491,312 | €319,658 | €426,048 | €567,664 | €754,392 | €834,899 | €492,411 | ▼ 41.0% |
| Profit (loss) for the period to be appropriated9905 | €182,460 | €491,312 | €319,658 | €426,048 | €567,664 | €754,392 | €834,899 | €492,411 | ▼ 41.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.4m | €5.7m | €5.9m | €6.0m | €7.3m | €7.7m | €8.4m | €11.4m | ▲ 35.7% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €5.0m | €5.3m | €5.4m | €5.3m | €5.9m | €5.8m | €7.0m | €9.9m | ▲ 41.6% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0.02m | €0.005m | €0.05m | €0.03m | €0.02m | €0.004m | €0.1m | €0.7m | ▲ 662% |
| Land and buildings22 | - | - | - | - | - | - | - | €0.7m | - |
| Plant, machinery and equipment23 | - | - | - | €61 | €5 | €0 | €0.007m | €0.006m | ▼ 10.3% |
| Furniture and vehicles24 | - | - | - | €0.002m | €0.002m | €0.003m | €0.09m | €0.07m | ▼ 23.6% |
| Leasing and similar rights25 | - | - | - | €0.03m | €0.01m | €0.001m | €0 | - | - |
| Financial fixed assets28 | €5.0m | €5.3m | €5.3m | €5.3m | €5.8m | €5.8m | €6.9m | €9.1m | ▲ 32.8% |
| Current assets29/58 | €0.3m | €0.3m | €0.5m | €0.7m | €1.5m | €1.9m | €1.4m | €1.5m | ▲ 6.9% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.3m | €0.4m | €0.5m | €0.4m | €0.6m | €1.3m | €1.2m | ▼ 6.1% |
| Trade receivables40 | - | - | - | €0.02m | €0.05m | €0.3m | €0.5m | €0.6m | ▲ 17.9% |
| Other amounts receivable41 | - | - | - | €0.5m | €0.3m | €0.3m | €0.8m | €0.6m | ▼ 21.3% |
| Current investments50/53 | €0 | - | - | - | €1.0m | €0 | - | - | - |
| Cash at bank and in hand54/58 | €0.07m | €0.04m | €0.1m | €0.1m | €0.1m | €1.2m | €0.1m | €0.3m | ▲ 119% |
| Deferred charges and accrued income490/1 | - | - | - | €183 | €189 | €0.01m | €0.006m | €0.01m | ▲ 77.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.4m | €5.7m | €5.9m | €6.0m | €7.3m | €7.7m | €8.4m | €11.4m | ▲ 35.7% |
| Equity10/15 | €2.3m | €2.7m | €3.1m | €3.5m | €4.1m | €4.8m | €5.6m | €6.1m | ▲ 8.7% |
| Contributions10/11 | €0.2m | €0.2m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | = |
| Reserves13 | €2.1m | €2.5m | €2.9m | €3.3m | €3.9m | €4.6m | €5.4m | €5.9m | ▲ 9.0% |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.02m | €0.02m | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.02m | €0.02m | €0.02m | €0 | - | - |
| Distributable reserves133 | - | - | - | €3.3m | €3.8m | €4.6m | €5.4m | €5.9m | ▲ 9.0% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | - | - | - | - |
| Provisions and deferred taxes16 | €0 | - | - | - | - | - | - | - | - |
| Amounts payable17/49 | €3.1m | €2.9m | €2.8m | €2.5m | €3.3m | €2.9m | €2.7m | €5.2m | ▲ 91.4% |
| Amounts payable after more than one year17 | €1.1m | €1.0m | €0.8m | €0.7m | €1.4m | €1.2m | €1.1m | €2.8m | ▲ 156% |
| Financial debts170/4 | - | - | - | €0.7m | €1.4m | €1.2m | €1.1m | €2.8m | ▲ 156% |
| Amounts payable within one year42/48 | €2.0m | €2.0m | €2.0m | €1.8m | €1.9m | €1.7m | €1.7m | €2.5m | ▲ 50.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 87.6% |
| Trade debts44 | €0.001m | €0.004m | €0.002m | €0.003m | €0.01m | €0.01m | €0.007m | €0.02m | ▲ 162% |
| Suppliers440/4 | - | - | - | €0.003m | €0.01m | €0.01m | €0.007m | €0.02m | ▲ 162% |
| Taxes, remuneration and social security45 | - | - | - | €0.08m | €0.08m | €0.09m | €0.07m | €0.1m | ▲ 65.2% |
| Taxes450/3 | - | - | - | €0.07m | €0.07m | €0.08m | €0.06m | €0.1m | ▲ 90.4% |
| Remuneration and social security454/9 | - | - | - | €0.008m | €0.009m | €0.01m | €0.01m | €0.002m | ▼ 84.6% |
| Other amounts payable47/48 | - | - | - | €1.6m | €1.5m | €1.3m | €1.3m | €1.9m | ▲ 41.9% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0.002m | €0.002m | €0.008m | €0.002m | ▼ 79.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.5m | €0.3m | €0.4m | €0.6m | €0.8m | €0.8m | €0.5m | ▼ 41.0% |
| + Depreciation and write-downs630 | €0.02m | €0.02m | €0.01m | €0.02m | €0.02m | €0.01m | €0.02m | €0.1m | ▲ 495% |
| Operating cash flow (approximation) | €0.2m | €0.5m | €0.3m | €0.4m | €0.6m | €0.8m | €0.9m | €0.6m | ▼ 30.1% |
| Investment in fixed assets (approximation) | - | -€0.3m | -€0.05m | €0 | -€0.5m | -€0.003m | -€1.1m | -€3.0m | ▼ 165% |
| Change in cash | - | -€0.03m | €0.08m | €0.02m | -€0.04m | €1.1m | -€1.1m | €0.2m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 26-06-2026 | 2026-00202131 |
| 31-12-2024 | abbreviated format | 01-07-2025 | 2025-00206073 |
| 31-12-2023 | abbreviated format | 12-07-2024 | 2024-00237766 |
| 31-12-2022 | abbreviated format | 14-07-2023 | 2023-00234858 |
| 31-12-2021 | abbreviated format | 21-06-2022 | 2022-20076830 |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-58100292 |
| 31-12-2019 | abbreviated format | 20-07-2020 | 2020-33100128 |
| 31-12-2018 | abbreviated format | 10-07-2019 | 2019-30500444 |
| 31-12-2017 | abbreviated format | 18-07-2018 | 2018-33900234 |
| 31-12-2016 | abbreviated format | 17-07-2017 | 2017-31300464 |
Similar companies · same sector, comparable size
IMMOBILIERE MANAGEMENT CORBISIER
BE 0449.224.816
Philippeville · equity €6,139,432
QUARES INVEST
BE 0832.755.589
Brussel · equity €6,140,082
MIZEN CONSULTING
BE 0836.119.511
Antwerpen · equity €6,137,598
BioScientific Group
BE 0739.510.875
Wavre · equity €6,142,597
Holybrain
BE 0834.927.894
Lubbeek · equity €6,145,197
Of the 82,449 active companies whose main activity is business and other management consultancy (NACE 70200), figures are known for 53,924. 9,806 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
26-06
NBB filing
Annual accounts filed
financial year 2025 · abbreviated format
13-01
Gazette deed
General meeting · Name change
Name clause · Capital contribution
2025
01-07
NBB filing
Annual accounts filed
financial year 2024 · abbreviated format
2024
31-12
Financial
Highest result from 2018 to 2025net €834,899 ▲10.7%
Net result €834,899, the highest in the series.
31-12
Financial
Equity above €5mequity €5.6m ▲17.4%
A profit in every financial year since 2018 builds equity to €5.6m.
12-07
NBB filing
Annual accounts filed
financial year 2023 · abbreviated format
2023
14-07
NBB filing
Annual accounts filed
financial year 2022 · abbreviated format
2022
21-06
NBB filing
Annual accounts filed
financial year 2021 · abbreviated format
2021
31-08
NBB filing
Annual accounts filed
financial year 2020 · abbreviated format · 31 days late
2020
20-07
NBB filing
Annual accounts filed
financial year 2019 · abbreviated format
2019
10-07
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
18-07
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
2017
17-07
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 17 annual accounts filed, the latest 10 are here; all 17 are under Financials.
0 of 3 deeds read
About the unread acts
We know of 3 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Register details
Identification
Legal formPrivate limited company
Founded09-06-2008
Financial 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 23 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2008
Ground area
583 m²
Building footprint
280 m²
Building volume
1,962 m³
Parcel 36503C1285/00S000, Flanders · tallest building 7.8 m. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
CORTEXCO
since 2008unit no. 2.171.500.396
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36503C1285/00S000 | Flanders | 583 m² | 1 · 280 m² | 7.8 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.