IMMO CORTELINE
ActiveIMMO CORTELINE has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €399k and a net result of €17k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 14079 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability60▼-15
Solvency76▼-24
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 2.72; short-term debt: 6.9% and cash: 17% of total assets), and 49% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
51%
Return on assets
2.2%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-01-2026, 101 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
101 d early
2024
132 d early
2023
1 d early
2022
16 d early
2021
1 d early
2020
112 d early
2019
36 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
23-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€0
Total assets
€783k▲ 82.0%
2024 · €430k
2018: €347k
2019: €328k
2020: €341k
2021: €361k
2022: €387k
2023: €412k
2024: €430k
2018 → 2025
Net result
€17k▼ 20.2%
2024 · €21k
2018: €24k
2019: €23k
2020: €23k
2021: €25k
2022: €25k
2023: €23k
2024: €21k
2018 → 2025
Working capital
€93k▼ 63.5%
2024 · €256k
2018: €41k
2019: €70k
2020: €104k
2021: €144k
2022: €183k
2023: €221k
2024: €256k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€358k-€383k▲ 7.0%€406k▲ 6.0%€428k▲ 5.3%€399k▼ 6.6%
Operating result€37k-€37k▼ 0.8%€34k▼ 8.5%€32k▼ 6.2%€33k▲ 4.8%
Net result€25k-€25k▼ 0.3%€23k▼ 8.6%€21k▼ 6.5%€17k▼ 20.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 5% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €783k
Fixed assets
€635k▲ 270%
Current assets
€148k▼ 42.9%
Equity and liabilities €783k
Equity
€399k▼ 6.6%
Debt
€384k▲ 15,091%
The debt ratio rises from 0.6% to 49.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€51k▲
2024 · €46k
Cash flow
€35k▼
2024 · €36k
Solvency
51.0%▼
2024 · 99.4%
Current ratio
2.72
Quick ratio
2.72
Debt / equity
0.96▲
2024 · 0.01
ROE
4.3%▼
2024 · 5.0%
ROA
2.2%▼
2024 · 5.0%
Interest coverage
4.59▼
2024 · 239.99
Debt
€384k▲
2024 · €3k
Debt ≤ 1 year
€54k▲
2024 · €2k
Debt > 1 year
€305k
Income taxes
€5k▼
2024 · €10k
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€430k€783k▲
Fixed assets21/28€171k€635k▲
Tangible fixed assets22/27€171k€635k▲
Land and buildings22€171k€635k▲
Current assets29/58€259k€148k▼
Amounts receivable within one year40/41€2k€15k▲
Trade receivables40€0-
Other amounts receivable41€2k€15k▲
Cash at bank and in hand54/58€256k€133k▼
Equity and liabilities
Total equity and liabilities10/49€430k€783k▲
Equity10/15€428k€399k▼
Contributions10/11€240k€240k=
Reserves13€188k€159k▼
Non-distributable reserves130/1€24k€24k=
Reserves not available under the articles1311€24k€24k=
Distributable reserves133€164k€135k▼
Profit (loss) carried forward14-€0
Amounts payable17/49€3k€384k▲
Amounts payable after more than one year17-€305k
Financial debts170/4-€305k
Amounts payable within one year42/48€2k€54k▲
Current portion of amounts payable after more than one year42-€7k
Trade debts44€0€230▲
Suppliers440/4€0€230▲
Taxes, remuneration and social security45€2k€2k=
Taxes450/3€2k€2k=
Other amounts payable47/48-€45k
Accrued charges and deferred income492/3€387€24k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€18k▲
Other operating charges640/8€3k€4k▲
Non-recurring operating charges66A-€11k
Gross operating margin9900€49k€66k▲
Operating profit (loss)9901€32k€33k▲
Financial charges65/66B€192€11k▲
Recurring financial charges65€192€11k▲
Profit (loss) for the period before taxes9903€31k€22k▼
Income taxes67/77€10k€5k▼
Profit (loss) for the period9904€21k€17k▼
Profit (loss) for the period to be appropriated9905€21k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€21k€17k▼
Transfer from equity791/2-€45k
Transfer to equity691/2€21k€17k▼
To other reserves6921€21k€17k▼
Profit to be distributed694/7-€45k
Return on contributions (dividend)694-€45k
The notes to these accounts (10 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
19-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet €17k ▼20.2%
Net result drops to €17k, the lowest in the series.
2024
19-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-09
Financial
Liquidity triplescurrent ratio 120.98
Current ratio from 44.82 to 120.98; short-term debt falls from €5k to €2k.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €25k ▲7.7%
Net result €25k, the highest in the series.
30-09
Financial
Liquidity quadruplescurrent ratio 58.26
Current ratio from 14.48 to 58.26; short-term debt falls from €8k to €3k.
08-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Liquidity doublescurrent ratio 14.48
Current ratio from 6.10 to 14.48; short-term debt falls from €14k to €8k.
25-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Liquidity triplescurrent ratio 6.10
Current ratio from 1.87 to 6.10; short-term debt falls from €47k to €14k.
21-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-01
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
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
19-12-2025
Tim Vandersteen: Resigned as Director
26-05-2025
IMMO MISTRAL: Resigned as Liquidator
04-09-2024
Lucas Neirinckx: Resigned as Director
Location & real-estate footprint
Registered office, Temse
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.
Frans Boelplein 419140 TemseGround area
2,352 m²
Building footprint
906 m²
Volume, LiDAR
11,587 m³
Parcel 46025B1190/00W005, Flanders · tallest building 15.0 m, ±5 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B1190/00W005 | Flanders | 2,352 m² | 1 · 906 m² | 15.0 m · 5 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.
Similar companies · same sector, comparable size
PBM Investment
BE 0466.048.871
Grâce-Hollogne · Eq €399k
TADLA
BE 0668.395.821
Etterbeek · Eq €400k
IMALVER
BE 0426.127.136
Nijlen · Eq €399k
HOFKIP & CO
BE 0453.320.788
Roeselare · Eq €399k
ASSURIM CONSEIL
BE 0809.487.368
Waremme · Eq €400k
Of 12,023 companies in sector 68203 we hold annual accounts for 5,986. 4,419 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-02-2006
Fiscal year end30-09
Activities, NACEBEL
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.