EXPERTISEBUREEL KORTEX
ActiveEXPERTISEBUREEL KORTEX is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €66k and a net result of €-11k. Equity is shrinking by ~15.3% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 75% of 1457 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
2 d early
2023
30 d early
2022
49 d early
2021
4 d early
2020
25 d early
2019
43 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€66k▼ 13.9%
2024 · €77k
2018: €214k
2019: €197k
2020: €209k
2021: €200k
2022: €99k
2023: €101k
2024: €77k
2018 → 2025
Net result
€-11k▲ 56.2%
2024 · €-24k
2018: €-19k
2019: €-17k
2020: €12k
2021: €-9k
2022: €24k
2023: €12k
2024: €-24k
2018 → 2025
Total assets
€97k▼ 8.0%
2024 · €105k
2018: €231k
2019: €213k
2020: €224k
2021: €221k
2022: €115k
2023: €137k
2024: €105k
2018 → 2025
Solvency
68.5%▼ 4.7pp
2024 · 73.2%
2018: 92.6%
2019: 92.5%
2020: 93.2%
2021: 90.5%
2022: 85.8%
2023: 73.8%
2024: 73.2%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€200k-€99k▼ 50.6%€101k▲ 2.3%€77k▼ 24.1%€66k▼ 13.9%
Operating result€-10k-€26k€15k▼ 40.6%€-24k€-11k▲ 56.0%
Net result€-9k-€24k€12k▼ 48.0%€-24k€-11k▲ 56.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11k in 2025 against €24k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €97k
Fixed assets
€37k▲ 6.2%
Current assets
€59k▼ 15.2%
Equity and liabilities €97k
Equity
€66k▼ 13.9%
Debt
€30k▲ 8.0%
The debt ratio rises from 26.8% to 31.5%: debt grows while equity shrinks.
Key figures and ratios
Solvency
68.5%▼
2024 · 73.2%
ROE
-16.1%▲
2024 · -31.7%
ROA
-11.0%▲
2024 · -23.2%
Debt
€30k▲
2024 · €28k
Debt ≤ 1 year
€30k▲
2024 · €27k
Staff costs
€79k▲
2024 · €63k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€105k€97k▼
Fixed assets21/28€35k€37k▲
Tangible fixed assets22/27€35k€37k▲
Land and buildings22€31k€30k▼
Plant, machinery and equipment23€3k€7k▲
Furniture and vehicles24€394€156▼
Current assets29/58€70k€59k▼
Amounts receivable within one year40/41€3k€18k▲
Trade receivables40€3k€16k▲
Other amounts receivable41€153€3k▲
Cash at bank and in hand54/58€63k€40k▼
Deferred charges and accrued income490/1€3k€912▼
Equity and liabilities
Total equity and liabilities10/49€105k€97k▼
Equity10/15€77k€66k▼
Contributions10/11€19k€19k=
Reserves13€81k€81k=
Distributable reserves133€81k€81k=
Profit (loss) carried forward14€-23k€-34k▼
Amounts payable17/49€28k€30k▲
Amounts payable within one year42/48€27k€30k▲
Trade debts44€13k€15k▲
Suppliers440/4€13k€15k▲
Taxes, remuneration and social security45€8k€8k▲
Taxes450/3€1k€2k▲
Remuneration and social security454/9€6k€6k▼
Other amounts payable47/48€7k€7k=
Accrued charges and deferred income492/3€719€719=
Income statement
Code20242025
Remuneration, social security and pensions62€63k€79k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€476-
Other operating charges640/8€2k€3k▲
Gross operating margin9900€43k€73k▲
Operating profit (loss)9901€-24k€-11k▲
Financial income75/76B€281€1▼
Recurring financial income75€281€1▼
Financial charges65/66B€638€113▼
Recurring financial charges65€638€113▼
Profit (loss) for the period before taxes9903€-24k€-11k▲
Income taxes67/77€-18-
Profit (loss) for the period9904€-24k€-11k▲
Profit (loss) for the period to be appropriated9905€-24k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-23k€-34k▼
Profit (loss) brought forward from the previous period14P€1k€-23k▼
Social balance
Average headcount (FTE)90871.51.5=
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-24k ▼298%
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100kEq €101k ▲2.3%
2 profitable years in a row build equity to €101k.
12-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €12k
Net result €12k after 2 loss-making years.
31-12
Financial
Equity above €200kEq €209k ▲6.1%
Equity rises from €197k to €209k.
18-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Kortrijk · 1 establishment unit since 1989
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Bergstraat(Mar) 938510 KortrijkGround area
1,893 m²
Building footprint
230 m²
Volume, LiDAR
1,032 m³
Parcel 34026B0517/00T000, Flanders · tallest building 8.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
EXPERTISEBUREEL KORTEX BVBA
since 19892.041.553.159
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34026B0517/00T000 | Flanders | 1,893 m² | 1 · 230 m² | 8.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 850 companies in sector 66210 we hold annual accounts for 511. 425 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-1988
Fiscal year end31-12
Activities, NACEBEL
66210Risk and damage evaluation
67202
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.