Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
Financials
Financial year 2025
Covered Bond & Mortgage Council from Brussel, company number BE0411583173, closed financial year 2025 with a result of € 341,435 after tax. For that financial year Covered Bond & Mortgage Council recorded a gross margin of € 1.8 million and equity of € 4 million. Compared with financial year 2024, the result moved from € 295,322 to € 341,435. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ 4 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 341,435
▲ 16% vs 2024
Profit after tax over the fiscal year.
€ 683,978
▲ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
10.2
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
▼ 12% vs 2024
€ 144,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 142,622
▲ 239% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 138,714
▼ 49% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,218,220 | € 1,454,089 | € 2,073,490 | € 1,791,033 | ▼ 14% |
| Profit after taxes | € -422,673 | € -45,457 | € 295,322 | € 341,435 | ▲ 16% |
| Equity | € 3,454,422 | € 3,408,965 | € 3,704,287 | € 4,045,720 | ▲ 9% |
| Total debts | € 486,417 | € 244,820 | € 312,493 | € 300,656 | ▼ 4% |
| Cash | € 1,716,072 | € 274,342 | € 564,413 | € 683,978 | ▲ 21% |
| Balance sheet total | € 3,940,839 | € 3,653,786 | € 4,016,780 | € 4,346,375 | ▲ 8% |
| Employees (FTE) | 10.1 | 11.1 | 10.6 | 10.2 | ▼ 0.4 |
Key figures of Covered Bond & Mortgage Council, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Covered Bond & Mortgage Council?
What happened at Covered Bond & Mortgage Council in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Patrick Seifert stepped down as director. NBB
- Sergiu OPRESCU stepped down as director. NBB
- Sanna Maaria Eriksson stepped down as director. NBB
- Kamilla Hammerich Skytte stepped down as director. NBB
- Oscar Willem MEESTER stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 341,435 (▲ 16% vs 2024). Source: NBB ↗
- Oscar Willem MEESTER became a director. NBB
- Stefano PATRUNO stepped down as director. NBB
In short
From € 422,673 loss in 2022 to € 341,435 profit in 2025.
Best year ever: 2025, with € 341,435 profit.
On average € 175,600 of value added per employee in 2025.
A new publication or filing at Covered Bond & Mortgage Council? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Covered Bond & Mortgage Council is Luca Bertalot.
Directors
According to the 2025 annual accounts
Luca Bertalot
Managing director
since 2022 · until 2025
Patrick Seifert
Director
since 2023 · until 2026
Sergiu OPRESCU
Director
since 2023 · until 2026
since 2023 · until 2026
Kamilla Hammerich Skytte
Director
since 2025 · until 2026
Oscar Willem MEESTER
Director
since 2026 · until 2026
Establishments
Establishment units
Physical locations of this company
Wetenschapsstraat 14A
1040 Brussel
Wetenschapsstraat 14
1040 Brussel
Active since 27 February 2009
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
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Ambassade van de Republiek El Salvador
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Domain
Domain
hypo.org
Registered
1999-05-22
Registrar
Network Solutions, LLC
Expires
2026-05-22
Website info
Features
Security
Details
- Company number
- 0411.583.173
- VAT number
- BE 0411.583.173
- Registered office
- Wetenschapsstraat 14A, 1040 Brussel
- Names & denominations
- Covered Bond & Mortgage Council
- Enterprise type
- Rechtspersoon
- Legal form
- International non-profit association
- Legal situation
- Normale toestand
- Start date
- 5 November 1971
- Peppol
- Active · Active since 6 Jan 2026
- Contact
- hypo.org
- Activities · NACE
Beroepsorganisaties
Activiteiten van beroepsorganisaties
Overige zakelijke dienstverlening, neg
Overige zakelijke dienstverlening, n.e.g.