Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 2.9 to 1.
Financials
Financial year 2025
CORTVRIENDT D. from Tielt, company number BE0419784227, closed financial year 2025 with a result of € 90,479 after tax. For that financial year CORTVRIENDT D. recorded a gross margin of € 330,476 and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 244,529 to € 90,479. The company is profitable. 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 August 27, 2026.
€ 1.5 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 90,479
▼ 63% vs 2024
Profit after tax over the fiscal year.
€ 484,063
▲ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 1.4 million.
People and assets in 2025
1
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 84,862
▼ 36% vs 2024
€ 84,900 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.
€ 167,092
▲ 12% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 115,038
▲ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 7,461
▼ 74% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 536,167 | € 583,729 | € 503,891 | € 330,476 | ▼ 34% |
| Profit after taxes | € 247,856 | € 284,801 | € 244,529 | € 90,479 | ▼ 63% |
| Equity | € 1,147,015 | € 1,335,816 | € 1,461,583 | € 1,549,256 | ▲ 6% |
| Total debts | € 163,461 | € 161,019 | € 149,282 | € 137,260 | ▼ 8% |
| Cash | € 550,500 | € 397,182 | € 454,604 | € 484,063 | ▲ 6% |
| Land & buildings | - | - | - | € 186,653 | |
| Retained profit | € 1,008,015 | € 1,196,816 | € 1,322,583 | € 1,410,256 | ▲ 7% |
| Dividend | € 75,500 | € 96,000 | € 118,762 | € 0 | ▼ 100% |
| Balance sheet total | € 1,317,416 | € 1,502,287 | € 1,622,089 | € 1,696,342 | ▲ 5% |
| Employees (FTE) | 4.2 | 2.9 | 1.9 | 1 | ▼ 0.9 |
Key figures of CORTVRIENDT D., 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 CORTVRIENDT D.?
What happened at CORTVRIENDT D. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- CEBE INVEST BV stepped down as director. NBB
- Nancy Persyn stepped down as director. NBB
- Dirk Cortvriendt stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 90,479 (▼ 63% vs 2024). filed late Source: NBB ↗
- CEBE INVEST BV became a director. NBB
- Nancy Persyn became a director. NBB
- Dirk Cortvriendt became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 247,856 profit in 2022 to € 90,479 profit in 2025.
Paid € 258,752 in corporate taxes since 2022.
Best year ever: 2023, with € 284,801 profit.
On average € 330,500 of value added per employee in 2025.
Management
The stake of CEBE INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CORTVRIENDT D.The shares are held by CEBE INVEST (99.8%).
Directors
According to the 2025 annual accounts
Nancy Persyn
Director
since 2020 · until 2026
Dirk Cortvriendt
Director
since 2020 · until 2026
Managing director · represented by Cortvriendt Celine
since 2024 · until 2029
Shareholders
99.8%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Steenbakkerstraat 12
8700 Tielt
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
COMBELL-AS, BE
Domain
Domain
cortvriendt.com
Registered
2005-10-21
Registrar
Ascio Technologies, Inc. Danmark - Filial af Ascio technologies, Inc. USA
Expires
2026-10-21
Website info
Features
Security
Network
Details
- Company number
- 0419.784.227
- VAT number
- BE 0419.784.227
- Registered office
- Steenbakkerstraat 12, 8700 Tielt
- Names & denominations
- CORTVRIENDT D.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 August 1979
- Peppol
- Active · Active since 14 Oct 2025
- Contact
- cortvriendt.com
- Activities · NACE
Plaatsen van vloer- en wandtegels
Groothandel in bouwmaterialen, algemeen assortiment
Groothandel in verf, vernis en bouwmaterialen, inclusief sanitair
Vervaardiging van artikelen van beton voor de bouw
Overige gespecialiseerde bouwactiviteiten, neg
Overige gespecialiseerde werkzaamheden in de bouw
Overige gespecialiseerde bouwwerkzaamheden