Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2024
CORTO from Mons, company number BE0416724272, closed financial year 2024 with a result of € -646,185 after tax. For that financial year CORTO recorded a gross margin of € 767,793 and equity of € 329,856. Compared with financial year 2023, the result moved from € 15,086 to € -646,185. The company made a loss. The buffer shrank hard: equity is 67 % below last year. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on September 25, 2025.
€ 329,856
▼ 67% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -646,185
▼ still € 15,086 profit in 2023
Profit after tax over the fiscal year.
€ 317,828
▼ 28% vs 2023
Cash and bank balances on the last day of the fiscal year.
People and assets in 2024
18.3
▼ 1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 929,874
▲ 10% vs 2023
€ 50,800 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.
€ 11,342
▼ 43% vs 2023
Of which on lease € 1,585.
Debts at end 2024
€ 245,323
▲ 6% vs 2023
Loans from banks and other lenders, long and short.
€ 14,295
▼ 13% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 171,506
▲ 13% vs 2023
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 1,572,311 | - | - | - | |
| Gross margin | € 696,091 | € 791,421 | € 915,376 | € 767,793 | ▼ 16% |
| Profit after taxes | € 49,818 | € -135 | € 15,086 | € -646,185 | ▼ € 661,271 |
| Equity | € 1,004,016 | € 989,528 | € 990,261 | € 329,856 | ▼ 67% |
| Total debts | € 424,439 | € 470,372 | € 475,102 | € 472,032 | ▼ 1% |
| Cash | € 427,058 | € 433,458 | € 442,650 | € 317,828 | ▼ 28% |
| Land & buildings | € 865,947 | € 822,442 | € 788,899 | € 742,994 | ▼ 6% |
| Retained profit | € 53,153 | € 53,018 | € 68,104 | € -578,081 | ▼ € 646,185 |
| Bank debt | € 227,746 | € 218,267 | € 231,426 | € 245,323 | ▲ 6% |
| Balance sheet total | € 1,428,455 | € 1,486,172 | € 1,481,826 | € 1,238,788 | ▼ 16% |
| Employees (FTE) | 19 | 18.6 | 19.3 | 18.3 | ▼ 1 |
Key figures of CORTO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to CORTO?
What happened at CORTO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
CORTO is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2024: loss of € 646,185 (▼ € 661,271 vs 2023). filed late Source: NBB ↗
- ARIANNE MICHIELS became a director. NBB
- GREGORY WEYDERS became a director. NBB
- Antonio Mascia became a director. NBB
- Serge Vander Velde became a director. NBB
- New establishment in Charleroi. KBO
- Start of the company according to the CBE. KBO
In short
From € 49,818 profit in 2021 to € 646,185 loss in 2024.
Paid € 1 in corporate taxes since 2021.
Best year ever: 2021, with € 49,818 profit.
On average € 42,000 of value added per employee in 2024.
Management
Behind CORTO are Antonio Mascia, ARIANNE MICHIELS, GREGORY WEYDERS and Serge Vander Velde. Antonio Mascia is also behind EURO VIEW SERVICES.
Directors
According to the 2024 annual accounts
Antonio Mascia
Président du conseil d'administration et membre ef
Also active at: EURO VIEW SERVICES
since 2023
ARIANNE MICHIELS
Director
since 2023
GREGORY WEYDERS
Director
since 2023
Serge Vander Velde
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Chaussée de Binche 58
7000 Mons
Rue du Mayeuri 30
6032 Charleroi
Active since 30 October 1976
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0416.724.272
- VAT number
- BE 0416.724.272
- Registered office
- Chaussée de Binche 58, 7000 Mons
- Names & denominations
- CORTO
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 30 October 1976
- Peppol
- Not registered
- Activities · NACE
Activiteiten van dagcentra voor minderjarigen met een mentale handicap, met inbegrip van ambulante hulpverlening