CORTIL IMMO
ActiveSummary
For CORTIL IMMO, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €140,482 and a net result of €2,059. Equity remains stable across the filed fiscal years (±1.8% per year). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability76▲+12
Solvency100▲+22
Growth49=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2023Solvency, return and age of the figures
Solvency
76.3%
Return on assets
1.1%
Age of the figures
33 mo
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 27-06-2024, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
34 d early
2022
332 d late
2021
75 d late
2019
85 d late
2018
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 102 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, full schema
Turnover
€21,600=
2022 · €21,600
EBIT margin
23.4%▲ 12.3pp
2022 · 11.1%
Net result
€2,059
2022 · -€1,802
Working capital
-€23,320▼ 32.5%
2022 · -€17,595
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20182019202120222023
Turnover€21,600-€21,600=€21,600=
Operating result€2,520-€4,166▲ 65.3%€1,465-€2,393▲ 63.3%€5,054▲ 111%
Net result-€5,534--€2,913▲ 47.4%-€3,842--€1,802▲ 53.1%€2,059
EBIT margin6.8%-11.1%▲ 4.3pp23.4%▲ 12.3pp
Equity€152,170-€149,257▼ 1.9%€140,225-€138,423▼ 1.3%€140,482▲ 1.5%
Total assets€330,969-€332,179▲ 0.4%€298,194-€260,922▼ 12.5%€184,145▼ 29.4%
Debt€178,799-€182,922▲ 2.3%€157,970-€122,499▼ 22.5%€43,663▼ 64.4%
Working capital-€24,798--€37,490▼ 51.2%-€7,924--€17,595▼ 122%-€23,320▼ 32.5%
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2023 is 111% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €184,145
Fixed assets
€180,039 ▼ 29.1%
Current assets
€4,106 ▼ 40.9%
Equity and liabilities €184,145
Equity
€140,482 ▲ 1.5%
Debt
€43,663 ▼ 64.4%
Debt's share of the balance-sheet total falls from 46.9% to 23.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€15,520▲
2022 · €14,264
Cash flow
€12,525▲
2022 · €10,069
Current ratio
0.15▼
2022 · 0.28
Debt to equity
0.31▼
2022 · 0.88
ROE
1.5%▲
2022 · -1.3%
ROA
1.1%▲
2022 · -0.7%
Interest coverage
5.18▲
2022 · 3.40
Debt ≤ 1 year
€27,426▲
2022 · €24,548
Debt > 1 year
€16,237▼
2022 · €97,951
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €21,600 | €21,600 | €21,600 | = |
| Goods, raw materials, services and sundry goods60/61 | - | - | €7,874 | €6,989 | €5,696 | ▼ 18.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,871 | €11,871 | €11,871 | €11,871 | €10,466 | ▼ 11.8% |
| Other operating charges640/8 | - | - | €390 | €348 | €384 | ▲ 10.6% |
| Gross operating margin9900 | €14,780 | €16,384 | €13,726 | €14,611 | €15,904 | ▲ 8.8% |
| Operating profit (loss)9901 | €2,520 | €4,166 | €1,465 | €2,393 | €5,054 | ▲ 111% |
| Financial charges65/66B | - | - | €5,307 | €4,195 | €2,995 | ▼ 28.6% |
| Recurring financial charges65 | €8,053 | €7,079 | €5,307 | €4,195 | €2,995 | ▼ 28.6% |
| Profit (loss) for the period before taxes9903 | -€5,534 | -€2,913 | -€3,842 | -€1,802 | €2,059 | ▲ 214% |
| Profit (loss) for the period9904 | -€5,534 | -€2,913 | -€3,842 | -€1,802 | €2,059 | ▲ 214% |
| Profit (loss) for the period to be appropriated9905 | -€5,534 | -€2,913 | -€3,842 | -€1,802 | €2,059 | ▲ 214% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €330,969 | €332,179 | €298,194 | €260,922 | €184,145 | ▼ 29.4% |
| Fixed assets21/28 | €301,453 | €289,582 | €265,840 | €253,969 | €180,039 | ▼ 29.1% |
| Tangible fixed assets22/27 | €166,632 | €154,761 | €131,019 | €119,148 | €108,682 | ▼ 8.8% |
| Land and buildings22 | - | - | €131,019 | €119,148 | €108,682 | ▼ 8.8% |
| Financial fixed assets28 | €134,821 | €134,821 | €134,821 | €134,821 | €71,357 | ▼ 47.1% |
| Current assets29/58 | €29,516 | €42,597 | €32,354 | €6,953 | €4,106 | ▼ 40.9% |
| Amounts receivable within one year40/41 | €2,692 | €22,701 | €23,496 | €1,940 | €1,940 | = |
| Other amounts receivable41 | - | - | €23,496 | €1,940 | €1,940 | = |
| Current investments50/53 | - | - | €4 | €116 | €106 | ▼ 8.4% |
| Cash at bank and in hand54/58 | €10 | €13 | - | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €8,853 | €4,896 | €2,060 | ▼ 57.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €330,969 | €332,179 | €298,194 | €260,922 | €184,145 | ▼ 29.4% |
| Equity10/15 | €152,170 | €149,257 | €140,225 | €138,423 | €140,482 | ▲ 1.5% |
| Contributions10/11 | €77,955 | €77,955 | €77,955 | €77,955 | €77,955 | = |
| Capital10 | - | - | €77,955 | €77,955 | €77,955 | = |
| Issued capital100 | - | - | €77,955 | €77,955 | €77,955 | = |
| Reserves13 | €7,796 | €7,796 | €7,796 | €7,796 | €7,796 | = |
| Non-distributable reserves130/1 | - | - | €7,796 | €7,796 | €7,796 | = |
| Legal reserve130 | - | - | €7,796 | €7,796 | €7,796 | = |
| Profit (loss) carried forward14 | €66,420 | €63,506 | €54,474 | €52,672 | €54,731 | ▲ 3.9% |
| Amounts payable17/49 | €178,799 | €182,922 | €157,970 | €122,499 | €43,663 | ▼ 64.4% |
| Amounts payable after more than one year17 | €124,485 | €102,835 | €117,691 | €97,951 | €16,237 | ▼ 83.4% |
| Financial debts170/4 | - | - | €59,536 | €37,887 | €16,237 | ▼ 57.1% |
| Trade debts175 | - | - | €58,071 | €60,064 | - | - |
| Other amounts payable178/9 | - | - | €84 | - | - | - |
| Amounts payable within one year42/48 | €54,314 | €80,087 | €40,278 | €24,548 | €27,426 | ▲ 11.7% |
| Current portion of amounts payable after more than one year42 | - | - | €21,650 | €21,650 | €21,650 | = |
| Trade debts44 | - | - | €5,584 | €1,177 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | €5,584 | €1,177 | €0 | ▼ 100% |
| Advances received on contracts in progress46 | - | - | - | - | €2,295 | - |
| Other amounts payable47/48 | - | - | €13,045 | €1,722 | €3,482 | ▲ 102% |
| Line | 2018 | 2019 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,534 | -€2,913 | -€3,842 | -€1,802 | €2,059 | ▲ 214% |
| + Depreciation and write-downs630 | €11,871 | €11,871 | €11,871 | €11,871 | €10,466 | ▼ 11.8% |
| Operating cash flow (approximation) | €6,337 | €8,958 | €8,029 | €10,069 | €12,525 | ▲ 24.4% |
| Investment in fixed assets (approximation) | - | €0 | - | €0 | €63,464 | - |
| Change in cash | - | €4 | - | - | - | - |
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
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 332 days late
2023
31-12
Financial
Back to profitnet €2,059
Net result €2,059 after 4 loss-making years.
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2020
24-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 85 days late
2019
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 92 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
2016
26-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 57 days late
2014
20-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 20 days late
2013
27-12
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 149 days late
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, Courcelles
Ground area
1,030 m²
Building footprint
202 m²
Parcel 52015C1402/00E002, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52015C1402/00E002 | Wallonia | 1,030 m² | 1 · 202 m² | - |
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.
Identification & contact
Identification
Legal formPublic limited company
Founded11-02-2003
Fiscal year end31-12
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.