Result
-€37,032 -€37,032
From profit to loss in 2025, after a profit of €350,220 in 2024.
NewCort
Lifetime
20 annual accounts with figures on one time axis, 24 filings since 2001peak €1.7m (2015)
€1.2m▼ 6.4%
lowest -€1.3m (2006)
-€37,032▼ €387,251
peak €6.4m (2017)
€4.0m▼ 0.9%
€12.7m▼ 3.0%
Board14 names since 2014all names
4 directors and 3 others
Owners4 names in the annual accounts
99.99% and 1 other
Documentsfilings and deeds
01-07-202630 days before the deadline
2025financial year
Loss of €37,032Reappointments: (director) and (statutory auditor) 26-09
Key points
from the 2025 annual accountsDebts
€12.7m 76% of the balance sheet
Financial debts 95%Suppliers 2%Taxes and wages 0%Other 3%
€12.1m of the debts are secured on the company's own assets. In 2021 that was €12.1m.
Payment terms
294 days to suppliers
NewCort pays its suppliers 193 days later than in 2024. Customers pay 6 days earlier.
Liquidity
24.57 was 13.50 in 2024
Short-term debts fell from €409,519 to €224,955.
Filings
24 annual accounts 25 filings since 2001
Three of the last ten came late. The 2024 accounts came latest: 21 days after the end of the period.
At the same address
384 companies
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 370 companies had the same profile as NewCort has now. Each dot is one company, two years later.
97.0%
were still trading
2.2%
stopped another way
0.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 370 companies, not a prediction for NewCort. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director
Director
Director, since 18-08-2025
Director
Auditor,
- 99.99%annual accounts 2025
- 0.01%annual accounts 2025
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0473648327
Reappointments: (director) and (statutory auditor)
General meeting of 18-08-2025 · Gazette deed
Reappointments: (director) and (director)
General meeting of 21-06-2024 · Gazette deed
Registered office moved within Ixelles
New registered office: Silversquare te Louizalaan 54, 1050 Elsene · Previous registered office: Louizalaan 65 bus 11, 1050 Elsene · Board meeting of 26-10-2023 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NewCort Brussels | €1.2m | 32.1% | 23.9% | - |
| JENI HOLDING Turnhout | €1.6m | 13.3% | 72.9% | - |
| J.M.A. GROUP Izegem | €1.2m | 11.8% | 86.2% | 0.9 |
| BLUE GATE ANTWERP PUBLIC HOLDING Antwerp | €1.0m | - | 31.2% | - |
| T. PALM MANAGEMENT Theux | €0.9m | 37.3% | 46.0% | 1 |
| PROMOTIE EN ONTWIKKELINGSMAATSCHAPPIJ VOOR DE ZEEBRUGSE VISSERSHAVEN Bruges | €0.9m | 51.4% | 30.6% | - |
| HOUYOUX ETUDES, PROMOTIONS, INVESTISSEMENTS Marche-en-Famenne | €1.1m | 38.9% | 85.6% | 1.8 |
Grey: the largest companies of the sector (real estate (NACE 68)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as NewCort: development of non-residential building projects (NACE 68122). They are comparable in size and age: total assets between €10m and €33m, founded between 1989 and 2007.
Official details
Source: KBO- Status
- Active since 29-12-2000Normal situation
- Registered office
- 385 active companies are registered at this address31 started in the 12 months before. Source: KBO register, as of 13 November 2026.
- Activity
- Development of non-residential building projectsNACE 68122
- Establishment unit
- 2.101.177.2771050 Brussels, since 25-01-2001
- Financial year end
- 31 December
- Peppol
- Reachable since 16-12-2025
Annual accounts 2025
- €16.7m▼ 2.5%
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on NewCort
NewCort has existed since 2000. The present size dates from 2010. Turnover rose that year from €223,597 to €526,394.
Turnover has fallen every year since 2022.
holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about NewCort
- What is the company number of NewCort?
- The company number of NewCort is 0473.648.327. The VAT number is the same number with BE in front: BE 0473.648.327.
- Where is NewCort based?
- The registered office is at Louizalaan 54, 1050 Brussels.Company details
- What does NewCort do?
- According to the KBO register, the main activity is development of non-residential building projects (NACE 68122).
- What is the legal form of NewCort?
- NewCort is a public limited company (NV).
- When was NewCort founded?
- NewCort was founded on 29-12-2000.
- Is NewCort still active?
- Yes, NewCort is an active enterprise in the KBO register.
- What is the turnover of NewCort?
- The turnover of NewCort was €1.2m in financial year 2025, according to the filed annual accounts.Financials
- Is NewCort profitable?
- In financial year 2025, NewCort made a loss of €37,032.
- Where can I find the annual accounts of NewCort?
- NewCort filed 25 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of NewCort due?
- NewCort must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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