Ellen Cortvriend
ActiveSummary
Ellen Cortvriend has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €369,244 and a net result of €193,389. Equity is growing by about 92% per year across the filed financial years. Its solvency ranks better than 49% of 39,137 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Equity
- €369,244
- Profit
- €193,389
Why 97lowers riskSector: Activities of head offices; management consultancy activities (NACE 70)Liquidity: current ratio 3.19, cash €490,644Size: total assets €682,573Figures for financial year 2025 (filed 22-06-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 70, micro): better than 50% on solvency, 79% on liquidity, 84% on profitability and 90% on growth.
The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 3 accounts on average 28 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)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2023 to 2025net €193,389 ▲49.1%
- Equity above €200,000equity €369,244 ▲110%
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result has risen two years in a row; 2025 is 48% 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
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).
Peer companies
Historical observationOf the 3,127 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 97.2% are still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 3,127 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.
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,471 | €403 | €403 | = |
| Other operating charges640/8 | - | €384 | €144 | ▼ 62.5% |
| Gross operating margin9900 | €53,861 | €172,547 | €255,124 | ▲ 47.9% |
| Operating profit (loss)9901 | €52,390 | €171,760 | €254,577 | ▲ 48.2% |
| Financial income75/76B | - | €6,650 | €6,650 | = |
| Recurring financial income75 | - | €6,650 | €6,650 | = |
| Financial charges65/66B | €426 | €10,202 | €8,071 | ▼ 20.9% |
| Recurring financial charges65 | €426 | €10,202 | €8,071 | ▼ 20.9% |
| Profit (loss) for the period before taxes9903 | €51,965 | €168,208 | €253,156 | ▲ 50.5% |
| Income taxes67/77 | €10,848 | €38,469 | €59,767 | ▲ 55.4% |
| Profit (loss) for the period9904 | €41,117 | €129,739 | €193,389 | ▲ 49.1% |
| Profit (loss) for the period to be appropriated9905 | €41,117 | €129,739 | €193,389 | ▲ 49.1% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €264,788 | €423,261 | €682,573 | ▲ 61.3% |
| Fixed assets21/28 | €1,968 | €1,565 | €1,162 | ▼ 25.7% |
| Tangible fixed assets22/27 | €1,968 | €1,565 | €1,162 | ▼ 25.7% |
| Furniture and vehicles24 | €1,968 | €1,565 | €1,162 | ▼ 25.7% |
| Current assets29/58 | €262,821 | €421,696 | €681,410 | ▲ 61.6% |
| Amounts receivable after more than one year29 | €190,000 | €190,000 | €190,000 | = |
| Other amounts receivable291 | €190,000 | €190,000 | €190,000 | = |
| Amounts receivable within one year40/41 | €2,622 | €77 | €0 | ▼ 100% |
| Trade receivables40 | €2,622 | €0 | - | - |
| Other amounts receivable41 | - | €77 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €69,430 | €230,040 | €490,644 | ▲ 113% |
| Deferred charges and accrued income490/1 | €769 | €1,579 | €767 | ▼ 51.4% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €264,788 | €423,261 | €682,573 | ▲ 61.3% |
| Equity10/15 | €46,117 | €175,855 | €369,244 | ▲ 110% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €41,117 | €170,855 | €364,244 | ▲ 113% |
| Distributable reserves133 | €41,117 | €170,855 | €364,244 | ▲ 113% |
| Amounts payable17/49 | €218,672 | €247,406 | €313,329 | ▲ 26.6% |
| Amounts payable after more than one year17 | €165,000 | €146,000 | €100,000 | ▼ 31.5% |
| Financial debts170/4 | €165,000 | €146,000 | €100,000 | ▼ 31.5% |
| Amounts payable within one year42/48 | €53,672 | €101,406 | €213,329 | ▲ 110% |
| Current portion of amounts payable after more than one year42 | €25,000 | €19,000 | €35,000 | ▲ 84.2% |
| Financial debts43 | €371 | €172 | €0 | ▼ 100% |
| Credit institutions430/8 | €371 | €172 | €0 | ▼ 100% |
| Trade debts44 | €489 | €1,591 | €485 | ▼ 69.5% |
| Suppliers440/4 | €489 | €1,591 | €485 | ▼ 69.5% |
| Taxes, remuneration and social security45 | €23,683 | €76,781 | €173,417 | ▲ 126% |
| Taxes450/3 | €20,883 | €76,781 | €152,742 | ▲ 98.9% |
| Remuneration and social security454/9 | €2,800 | €0 | €20,676 | - |
| Other amounts payable47/48 | €4,129 | €3,861 | €4,426 | ▲ 14.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €41,117 | €129,739 | €193,389 | ▲ 49.1% |
| + Depreciation and write-downs630 | €1,471 | €403 | €403 | = |
| Operating cash flow (approximation) | €42,587 | €130,141 | €193,792 | ▲ 48.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | - |
| Change in cash | - | €160,610 | €260,603 | ▲ 62.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 22-06-2026 | 2026-00181371 |
| 31-12-2024 | micro format | 09-07-2025 | 2025-00248860 |
| 31-12-2023 | micro format | 09-07-2024 | 2024-00225434 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
The board mandates are listed below; here you explore them as a network.
Board mandates elsewhere
1 board mandateHistory
Acts, filings and financial milestones
28-06
Gazette deed
IncorporationRegistered office clause · Pre-incorporation commitments · Founder5 facts ▸
- Registered office clause, “9930 Lievegem,Zomergemse Dijk 4” (deed in Dutch)
- Pre-incorporation commitments, “takeover, alle verbintenissen,verplichtingen,activiteiten in naam en voor rekening vennootschap in oprichting” (deed in Dutch)
- Incorporation, “Ellen Cortvriend” (deed in Dutch)
- Founder, CORTVRIEND Ellen
- Founding capital
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 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
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44080D1341/00D000 | Flanders | 291 m² | 1 · 75 m² | 0.3 m |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het leveren van werkzaamheden, diensten en adviezen en in het bijzonder de bijstand aan ondernemingen, verenigingen, publieke administratie…” (deed in Dutch)
7 activities (deed in Dutch)
- Het leveren van werkzaamheden, diensten en adviezen en in het bijzonder de bijstand aan ondernemingen, verenigingen, publieke administratie en andere instellingen wat hun organisatie, hun beheer, de voortzetting, de ontwikkeling en de uitvoering van hun activiteit of uitbreiding betreft;
- Het beheer voor eigen rekening van een patrimonium van roerende en onroerende goederen of waarden, met inbegrip van voornamelijk doch niet uitsluitend Belgische en vreemde aandelen en deelbewijzen die al dan niet tijdelijk of permanent op de beurs genoteerd zijn, obligaties, kasbonnen, warrants, opties en analoge titels, gronden en gebouwen, intellectuele rechten en in het algemeen alle roerende of onroerende goederen of waarden in volle eigendom of andere verhoudingen.
- De vennootschap mag leningen toestaan van gelijk welke aard, bedrag of duur binnen de wettelijke grenzen. De vennootschap kan zich ook borg stellen, alsook zekerheden verleden voor haar eigen verbintenissen en deze van derden onder gelijk welke vorm door onder andere in hypotheek of in pand te geven, met inbegrip van haar handelsfonds.
- Zij kan instaan voor het beheer, het toezicht en de controle van alle verbonden ondernemingen, ondernemingen waarin zij deelnemingen heeft en alle andere, en leningen toestaan aan deze ondernemingen, in welke vorm en voor welke duur ook.
- Zij mag mandaten als bestuurder, zaakvoerder, directeur, vereffenaar of anderszins aanvaarden en verbintenissen van derden waarborgen, onder meer deze van de aandeelhouders en bestuurders in het maatschappelijk belang en binnen de wettelijke voorschriften.
- De vennootschap mag in het algemeen alle verrichtingen uitvoeren, van burgerlijke, commerciële, industriële, financiële, roerende of onroerende aard, die rechtstreeks of onrechtstreeks verband houden met haar voorwerp of die van aard zijn de verwezenlijking en de ontwikkeling ervan te bevorderen met inbegrip van de onderaanneming in het algemeen.
- De vennootschap mag bij wijze ven inbreng in speciën, of in natura, fusie, onderschrijving, deelneming, financiële tussenkomst of anderszins, belangen nemen in andere bestaande of op te richten vennootschappen of ondernemingen, in België of in het buitenland, waarvan het voorwerp verwant of analoog is met het hare of van aard haar voorwerp te bevorderen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Ellen Cortvriend
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, eenvoudige beslissing” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, algemene kosten los van representatie-, reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “100” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)“Zoals inzake statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Krachtens statuten, indien geen andere vereffenaar benoemd” (deed in Dutch)