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CORTINA

Active
Public limited companyfounded 199530 yrs activeMeersbloem-Melden 42, 9700 Oudenaarde, BelgiumKBO/BCE: BE 0456.917.411
Summary

CORTINA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €28.8m and a net result of €221,446. Equity remains stable across the filed fiscal years (±2.2% per year). Its solvency ranks better than 67% of 5048 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2025
Axes · tick = 2024
Profitability38▲+19
Solvency86▼-6
Growth36▲+1
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,900,000 at 30 days acceptable
Liquidity ample (current ratio 2.81 against 3.58 in 2024; short-term debt: 33.5% and cash: 1.9% of total assets), and 39.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
60.9%
Return on assets
0.5%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 30 years 0 40 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filings
Deviation from the deadline
2025
24 d late
2024
29 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
88 d late
← 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 38 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 29 December 1995, CORTINA was incorporated.1 Of the 2 current board members, Eddy DUMAREY has served longest, since 2025.2 Revenue went from EUR 94 million in 2018 to EUR 50 million in 2025 and headcount from 23.7 to 15.5 full-time equivalents.3

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 19-03-2026
  3. 3National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Turnover
€49.7m▼ 1.6%
2024 · €50.5m
EBIT margin
0.6%▲ 2.3pp
2024 · -1.7%
Net result
€221,446▼ 14.6%
2024 · €259,262
Working capital
€28.6m▼ 2.0%
2024 · €29.2m
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20212022202320242025
Turnover€67.1m▼ 3.9%€65.8m▼ 2.0%€60.0m▼ 8.8%€50.5m▼ 15.7%€49.7m▼ 1.6%
Operating result€1.8m▲ 8,420%€3.0m▲ 70.1%€1.2m▼ 60.0%-€839,211€304,666
Net result€425,939within the sector's middle half▲ 80.5%€1.5mabove the sector's middle half▲ 248%€238,562within the sector's middle half▼ 83.9%€259,262within the sector's middle half▲ 8.7%€221,446within the sector's middle half▼ 14.6%
EBIT margin2.6%▲ 2.6pp4.5%▲ 1.9pp2.0%▼ 2.5pp-1.7%▼ 3.7pp0.6%▲ 2.3pp
Equity€26.6mabove the sector's middle half▲ 1.6%€28.1mabove the sector's middle half▲ 5.6%€28.3mabove the sector's middle half▲ 0.8%€28.6mabove the sector's middle half▲ 0.9%€28.8mabove the sector's middle half▲ 0.8%
Total assets€50.2mabove the sector's middle half▲ 12.3%€45.0mabove the sector's middle half▼ 10.4%€45.3mabove the sector's middle half▲ 0.7%€42.7mabove the sector's middle half▼ 5.8%€47.4mabove the sector's middle half▲ 10.9%
Debt€17.6m▲ 40.7%€13.4m▼ 24.1%€15.0m▲ 12.5%€11.4m▼ 24.5%€15.9m▲ 39.7%
Working capital€31.6mabove the sector's middle half▲ 3.4%€31.0mabove the sector's middle half▼ 2.1%€29.2mabove the sector's middle half▼ 5.7%€29.2mabove the sector's middle half▲ 0.2%€28.6mabove the sector's middle half▼ 2.0%
Solvency53.0%within the sector's middle half▼ 5.6pp62.4%above the sector's middle half▲ 9.4pp62.5%within the sector's middle half▲ 0.1pp67.0%above the sector's middle half▲ 4.5pp60.9%within the sector's middle half▼ 6.1pp
Current ratio2.88above the sector's middle half▼ 0.663.52above the sector's middle half▲ 0.643.06above the sector's middle half▼ 0.463.58above the sector's middle half▲ 0.522.81within the sector's middle half▼ 0.77
Return on assets (ROA)0.8%below the sector's middle half▲ 0.3pp3.3%within the sector's middle half▲ 2.4pp0.5%within the sector's middle half▼ 2.8pp0.6%within the sector's middle half▲ 0.1pp0.5%within the sector's middle half▼ 0.1pp
Staff (FTE)16.5within the sector's middle half▼ 5.7%15.6within the sector's middle half▼ 5.5%17within the sector's middle half▲ 9.0%15.3within the sector's middle half▼ 10.0%15.5within the sector's middle half▲ 1.3%
above within below the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€1.0m€0€1.0m€2.0m€3.0mOperating result 2021: €1.8m€1.8mNet result 2021: €425,939€425,939Operating result 2022: €3.0m€3.0mNet result 2022: €1.5m€1.5mOperating result 2023: €1.2m€1.2mNet result 2023: €238,562€238,562Operating result 2024: -€839,211-€839,211Net result 2024: €259,262€259,262Operating result 2025: €304,666€304,666Net result 2025: €221,446€221,44620212022202320242025-€1m€0€1mOperating result 2023: €1.2m€1.2mNet result 2023: €238,562€239,000Operating result 2024: -€839,211-€839,000Net result 2024: €259,262€259,000Operating result 2025: €304,666€305,000Net result 2025: €221,446€221,000202320242025
The operating result returns to profit in 2025: €304,666 after a loss of €839,211 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47.4m
Fixed assets €2.9m ▲ 34.9%
Current assets €44.5m ▲ 9.6%
Equity and liabilities €47.4m
Equity €28.8m ▲ 0.8%
Provisions €2.7m ▼ 2.5%
Debt €15.9m ▲ 39.7%
Debt's share of the balance-sheet total rises from 26.6% to 33.5%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€886,862▲
2024 · -€222,778
Cash flow
€803,641▼
2024 · €875,696
Quick ratio
1.46▼
2024 · 2.09
Debt to equity
0.55▲
2024 · 0.40
ROE
0.8%▼
2024 · 0.9%
Interest coverage
2.84▲
2024 · -0.76
Debt ≤ 1 year
€15.9m▲
2024 · €11.3m
Income taxes
€126,133▲
2024 · €123,878
Staff costs
€1.8m▲
2024 · €1.6m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 14,732 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet
0.2% went bankrupt
3.5% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.9%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 14,732 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 79 lines
Balance sheet Code20242025
Assets
Total assets20/58€42.7m€47.4m▲
Fixed assets21/28€2.1m€2.9m▲
Intangible fixed assets21€75,015€18,409▼
Tangible fixed assets22/27€1.7m€1.6m▼
Land and buildings22€224,151€150,311▼
Plant, machinery and equipment23€838,661€830,919▼
Furniture and vehicles24€612,738€601,577▼
Other tangible fixed assets26€29,968€29,968=
Financial fixed assets28€346,948€1.2m▲
Affiliated companies280/1€1€892,001▲
Participating interests280€1€892,001▲
Other financial fixed assets284/8€346,947€346,947=
Shares284€345,052€345,052=
Amounts receivable and cash guarantees285/8€1,895€1,895=
Current assets29/58€40.6m€44.5m▲
Stocks and contracts in progress3€16.9m€21.3m▲
Stocks30/36€16.9m€21.3m▲
Goods purchased for resale34€16.9m€21.3m▲
Amounts receivable within one year40/41€22.3m€22.3m▼
Trade receivables40€7.1m€6.9m▼
Other amounts receivable41€15.2m€15.4m▲
Cash at bank and in hand54/58€1.4m€876,585▼
Deferred charges and accrued income490/1€6,930€27,917▲
Equity and liabilities
Total equity and liabilities10/49€42.7m€47.4m▲
Equity10/15€28.6m€28.8m▲
Contributions10/11€1.0m€1.0m=
Capital10€1.0m€1.0m=
Issued capital100€1.0m€1.0m=
Reserves13€27.6m€27.8m▲
Non-distributable reserves130/1€100,000€100,000=
Legal reserve130€100,000€100,000=
Distributable reserves133€27.5m€27.7m▲
Provisions and deferred taxes16€2.7m€2.7m▼
Provisions for liabilities and charges160/5€2.7m€2.7m▼
Pensions and similar obligations160€6,962€6,962=
Major repairs and maintenance162€500,263€500,263=
Other liabilities and charges164/5€2.2m€2.2m▼
Amounts payable17/49€11.4m€15.9m▲
Amounts payable within one year42/48€11.3m€15.9m▲
Financial debts43€7.5m€11.9m▲
Credit institutions430/8€2.0m€6.4m▲
Other loans439€5.5m€5.5m=
Trade debts44€3.3m€3.3m▼
Suppliers440/4€3.3m€3.3m▼
Taxes, remuneration and social security45€561,753€695,052▲
Taxes450/3€356,075€514,172▲
Remuneration and social security454/9€205,679€180,880▼
Accrued charges and deferred income492/3€10,520€6,826▼
Income statement Code20242025
Operating income70/76A€52.6m€51.5m▼
Turnover70€50.5m€49.7m▼
Other operating income74€2.1m€1.8m▼
Operating charges60/66A€53.4m€51.2m▼
Goods for resale, raw materials and consumables60€33.4m€34.6m▲
Purchases600/8€33.4m€38.6m▲
Change in stocks: decrease (increase)609-€67,290-€4.0m▼
Services and other goods61€16.2m€14.6m▼
Remuneration, social security and pensions62€1.6m€1.8m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€616,433€582,196▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€804,505-€380,016▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€793,835-€68,707▼
Other operating charges640/8€85,939€77,815▼
Operating profit (loss)9901-€839,211€304,666▲
Financial income75/76B€1.8m€579,701▼
Recurring financial income75€1.8m€579,701▼
Income from current assets751€477,025€532,812▲
Other financial income752/9€1.3m€46,889▼
Financial charges65/66B€568,914€536,789▼
Recurring financial charges65€568,914€536,789▼
Debt charges650€294,000€311,770▲
Other financial charges652/9€274,914€225,019▼
Profit (loss) for the period before taxes9903€383,140€347,579▼
Income taxes67/77€123,878€126,133▲
Taxes670/3€123,878€126,133▲
Profit (loss) for the period9904€259,262€221,446▼
Profit (loss) for the period to be appropriated9905€259,262€221,446▼
Appropriation of the result
Profit (loss) to be appropriated9906€259,262€221,446▼
Transfer to equity691/2€259,262€221,446▼
To other reserves6921€259,262€221,446▼
Social balance
Average headcount (FTE)908715.315.5▲

The notes to these accounts (73 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Operating income70/76A€68.4m€67.2m€61.6m€52.6m€51.5m▼ 2.1%
Turnover70€67.1m€65.8m€60.0m€50.5m€49.7m▼ 1.6%
Other operating income74€1.3m€1.4m€1.6m€2.1m€1.8m▼ 15.0%
Operating charges60/66A€66.6m€64.2m€60.4m€53.4m€51.2m▼ 4.2%
Goods for resale, raw materials and consumables60€45.8m€43.9m€40.5m€33.4m€34.6m▲ 3.6%
Purchases600/8€50.6m€46.9m€37.1m€33.4m€38.6m▲ 15.4%
Change in stocks: decrease (increase)609-€4.8m-€3.0m€3.4m-€67,290-€4.0m▼ 5,869%
Services and other goods61€19.1m€19.3m€19.4m€16.2m€14.6m▼ 9.7%
Remuneration, social security and pensions62€1.5m€1.4m€1.6m€1.6m€1.8m▲ 13.4%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€649,051€567,799€546,256€616,433€582,196▼ 5.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€486,058€1.4m-€216,369€804,505-€380,016▼ 147%
Provisions for liabilities and charges: additions (uses and reversals)635/8-€15,915-€2.5m-€1.6m€793,835-€68,707▼ 109%
Other operating charges640/8€132,698€128,398€185,573€85,939€77,815▼ 9.5%
Operating profit (loss)9901€1.8m€3.0m€1.2m-€839,211€304,666▲ 136%
Financial income75/76B€344,877€1.7m€503,030€1.8m€579,701▼ 67.6%
Recurring financial income75€344,877€1.7m€503,030€1.8m€579,701▼ 67.6%
Income from current assets751€20,894€100,289€252,043€477,025€532,812▲ 11.7%
Other financial income752/9€323,983€1.6m€250,988€1.3m€46,889▼ 96.4%
Financial charges65/66B€1.5m€3.1m€1.4m€568,914€536,789▼ 5.6%
Recurring financial charges65€1.5m€3.1m€1.4m€568,914€536,789▼ 5.6%
Debt charges650€205,361€148,163€214,637€294,000€311,770▲ 6.0%
Other financial charges652/9€1.3m€3.0m€1.1m€274,914€225,019▼ 18.1%
Profit (loss) for the period before taxes9903€611,537€1.5m€343,726€383,140€347,579▼ 9.3%
Income taxes67/77€185,598€29,066€105,164€123,878€126,133▲ 1.8%
Taxes670/3€186,000€29,066€106,599€123,878€126,133▲ 1.8%
Tax adjustments and reversals of tax provisions77€402-€1,435---
Profit (loss) for the period9904€425,939€1.5m€238,562€259,262€221,446▼ 14.6%
Profit (loss) for the period to be appropriated9905€425,939€1.5m€238,562€259,262€221,446▼ 14.6%
Line20212022202320242025Change
Assets
Total assets20/58€50.2m€45.0m€45.3m€42.7m€47.4m▲ 10.9%
Fixed assets21/28€1.8m€1.8m€2.0m€2.1m€2.9m▲ 34.9%
Intangible fixed assets21€409,213€241,727€192,767€75,015€18,409▼ 75.5%
Tangible fixed assets22/27€1.1m€1.2m€1.5m€1.7m€1.6m▼ 5.4%
Land and buildings22€424,066€295,931€317,256€224,151€150,311▼ 32.9%
Plant, machinery and equipment23€359,907€471,171€663,154€838,661€830,919▼ 0.9%
Furniture and vehicles24€277,964€388,881€445,238€612,738€601,577▼ 1.8%
Other tangible fixed assets26€29,968€29,968€29,968€29,968€29,968=
Financial fixed assets28€346,948€346,948€346,948€346,948€1.2m▲ 257%
Affiliated companies280/1€1€1€1€1€892,001▲ 89,200,000%
Participating interests280€1€1€1€1€892,001▲ 89,200,000%
Other financial fixed assets284/8€346,947€346,947€346,947€346,947€346,947=
Shares284€345,052€345,052€345,052€345,052€345,052=
Amounts receivable and cash guarantees285/8€1,895€1,895€1,895€1,895€1,895=
Current assets29/58€48.4m€43.2m€43.3m€40.6m€44.5m▲ 9.6%
Amounts receivable after more than one year29€9.7m-----
Other amounts receivable291€9.7m-----
Stocks and contracts in progress3€18.2m€20.2m€17.0m€16.9m€21.3m▲ 26.0%
Stocks30/36€18.2m€20.2m€17.0m€16.9m€21.3m▲ 26.0%
Goods purchased for resale34€18.2m€20.2m€17.0m€16.9m€21.3m▲ 26.0%
Amounts receivable within one year40/41€19.9m€20.4m€25.1m€22.3m€22.3m▼ 0.1%
Trade receivables40€16.1m€16.6m€13.2m€7.1m€6.9m▼ 2.8%
Other amounts receivable41€3.9m€3.8m€11.9m€15.2m€15.4m▲ 1.1%
Cash at bank and in hand54/58€596,059€2.7m€1.2m€1.4m€876,585▼ 35.5%
Deferred charges and accrued income490/1€1,467€2,354€5,825€6,930€27,917▲ 303%
Equity and liabilities
Total equity and liabilities10/49€50.2m€45.0m€45.3m€42.7m€47.4m▲ 10.9%
Equity10/15€26.6m€28.1m€28.3m€28.6m€28.8m▲ 0.8%
Contributions10/11€1.0m€1.0m€1.0m€1.0m€1.0m=
Capital10€1.0m€1.0m€1.0m€1.0m€1.0m=
Issued capital100€1.0m€1.0m€1.0m€1.0m€1.0m=
Reserves13€25.6m€27.1m€27.3m€27.6m€27.8m▲ 0.8%
Non-distributable reserves130/1€100,000€100,000€100,000€100,000€100,000=
Legal reserve130€100,000€100,000€100,000€100,000€100,000=
Distributable reserves133€25.5m€27.0m€27.2m€27.5m€27.7m▲ 0.8%
Provisions and deferred taxes16€6.0m€3.5m€2.0m€2.7m€2.7m▼ 2.5%
Provisions for liabilities and charges160/5€6.0m€3.5m€2.0m€2.7m€2.7m▼ 2.5%
Pensions and similar obligations160€4,400€6,962€6,962€6,962€6,962=
Major repairs and maintenance162€500,263€500,263€500,263€500,263€500,263=
Other liabilities and charges164/5€5.5m€3.0m€1.4m€2.2m€2.2m▼ 3.1%
Amounts payable17/49€17.6m€13.4m€15.0m€11.4m€15.9m▲ 39.7%
Amounts payable within one year42/48€16.8m€12.3m€14.2m€11.3m€15.9m▲ 39.7%
Financial debts43€12.4m€5.6m€8.0m€7.5m€11.9m▲ 58.6%
Credit institutions430/8€5.9m-€2.5m€2.0m€6.4m▲ 220%
Other loans439€6.5m€5.6m€5.5m€5.5m€5.5m=
Trade debts44€3.3m€6.0m€5.5m€3.3m€3.3m▼ 0.6%
Suppliers440/4€3.3m€6.0m€5.5m€3.3m€3.3m▼ 0.6%
Taxes, remuneration and social security45€1.1m€714,998€685,868€561,753€695,052▲ 23.7%
Taxes450/3€920,139€533,421€479,753€356,075€514,172▲ 44.4%
Remuneration and social security454/9€158,199€181,578€206,115€205,679€180,880▼ 12.1%
Accrued charges and deferred income492/3€840,955€1.1m€873,924€10,520€6,826▼ 35.1%
Line20212022202320242025Change
Profit (loss) for the period9904€425,939€1.5m€238,562€259,262€221,446▼ 14.6%
+ Depreciation and write-downs630€649,051€567,799€546,256€616,433€582,196▼ 5.6%
Operating cash flow (approximation)€1.1m€2.1m€784,817€875,696€803,641▼ 8.2%
Investment in fixed assets (approximation)--€494,359-€766,961-€748,583-€1.3m▼ 77.0%
Change in cash-€2.1m-€1.5m€158,252-€482,860▼ 405%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-08
NBB filing Annual accounts filed
fiscal year 2025 · full schema · 24 days late
19-03
State Gazette act Appointment: Figurad Bedrijfsrevisoren (statutory auditor)
Reappointments: Eddy DUMAREY (director) and Wilhelmus HABRAKEN (director)6 facts ▸
  • General meeting, 30/08/2024
  • Auditor appointment, Figurad Bedrijfsrevisoren (statutory auditor)
  • General meeting, 29/08/2025
  • Director reappointment, Eddy DUMAREY (director)
  • Director reappointment, Wilhelmus HABRAKEN (director)
  • Director reappointment, Eddy DUMAREY (managing director)
2025
31-12
Financial Weakest financial yearnet €221,446 ▼14.6%
Net result drops to €221,446, the lowest in the series.
29-08
NBB filing Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
30-08
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
31-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 31 days late
2020
27-10
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 88 days late
2019
31-12
Financial Highest result since 2018net €1.8m ▲115%
Net result €1.8m, the highest in the series.
31-12
Financial Equity above €25mEq €26.0m ▲7.7%
2 profitable years in a row build equity to €26.0m.
29-08
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
30-08
NBB filing Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
31-08
NBB filing Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 10 acts read
About the unread acts

Of the 10 Belgian State Gazette acts we know for this company, 1 has been read. The other 9 have not 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.

Directors · office · real estate

Directors
2 directors, 1 in day-to-day management, last change in 2025

Board 2

Eddy DUMAREY
Director · since 29-08-2025
Current
Wilhelmus HABRAKEN
Director · since 29-08-2025
Current

Day-to-day management 1

Eddy DUMAREY
Managing director · since 29-08-2025
Current

Statutory auditor 1

Figurad Bedrijfsrevisoren
Statutory auditor · since 19-03-2026 · perm. rep.: e3
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
9 of this company's 10 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Oudenaarde · 1 establishment unit since 1996
seat establishment The establishment unit on the map
Ground area
2.5 ha
Building footprint
1.7 ha
Volume, LiDAR
135,492 m³
Parcel 45023A1464/00B000, Flanders · tallest building 12.2 m, ±3 floors. Linked by address, not a title deed.
7 companies at this address See who is registered here
1 establishment unit
CORTINA
Meersbloem-Melden 42, 9700 OudenaardeNACE 51422
since 19962.075.001.531
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
45023A1464/00B000 Flanders 2.5 ha 1 · 1.7 ha 12.2 m · 3 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.

Mandate history

3 people since 2025, 3 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Eddy DUMAREY
  • Director, already before 29-08-2025 to date
  • Managing director, already before 29-08-2025 to date
Wilhelmus HABRAKEN
  • Director, already before 29-08-2025 to date
Figurad Bedrijfsrevisoren
  • Statutory auditor, from 19-03-2026 to date
See the board, name and seat on a given date →

Structure & network

Owners and holdings

2 owners · 1 holding

Chain of control

  1. MOZA-X 53.02%
  2. B.A.M. 58.38%
  3. CORTINA

Highest known parent: MOZA-X. The sources do not say who stands above it.

Owners 2

Holdings 1

  • Edge Safety Equipment BVNLsubsidiary
    Equity €612,456Result €111,151
    100%

According to the 2025 annual accounts of CORTINA and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, scroll to zoom.

Recognitions · licences · registrations

Legal Entity Identifier

54930004YXT2SL0ZE336
live in the LEI register

Similar companies · same sector, comparable size

Of 200 companies in sector 46425 we hold annual accounts for 135. 11 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded29-12-1995
Fiscal year end31-12
Activities, NACEBEL 2025
46425Wholesale trade
47721Retail sale of footwear
E-invoicing
Reachable via Peppol
Peppol ID 0208:0456917411
Also 9925:BE0456917411

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 29 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.