Financials
Financial year 2025
CORTINA from Oudenaarde, company number BE0456917411, closed financial year 2025 with a result of € 221,446 after tax. For that financial year CORTINA recorded revenue of € 49.7 million and equity of € 28.8 million. Compared with financial year 2024, the result moved from € 259,262 to € 221,446. 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 24, 2026.
€ 28.8 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 221,446
▼ 15% vs 2024
Profit after tax over the fiscal year.
€ 876,585
▼ 36% 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 € 27.8 million.
People and assets in 2025
15.5
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.8 million
▲ 13% vs 2024
€ 115,600 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.
€ 601,577
▼ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 11.9 million
▲ 59% vs 2024
Loans from banks and other lenders, long and short.
€ 3.3 million
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 24 days on average.
€ 695,052
▲ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 65,754,302 | € 59,969,054 | € 50,531,041 | € 49,727,526 | ▼ 2% |
| Profit after taxes | € 1,482,304 | € 238,562 | € 259,262 | € 221,446 | ▼ 15% |
| Equity | € 28,107,104 | € 28,345,665 | € 28,604,928 | € 28,826,373 | ▲ 1% |
| Total debts | € 13,374,349 | € 15,041,046 | € 11,353,564 | € 15,857,416 | ▲ 40% |
| Cash | € 2,689,685 | € 1,201,193 | € 1,359,444 | € 876,585 | ▼ 36% |
| Land & buildings | € 295,931 | € 317,256 | € 224,151 | € 150,311 | ▼ 33% |
| Retained profit | € 27,107,104 | € 27,345,665 | € 27,604,928 | € 27,826,373 | ▲ 1% |
| Bank debt | € 5,600,000 | € 8,000,000 | € 7,500,000 | € 11,893,913 | ▲ 59% |
| Balance sheet total | € 45,011,100 | € 45,339,711 | € 42,705,327 | € 47,361,917 | ▲ 11% |
| Employees (FTE) | 15.6 | 17 | 15.3 | 15.5 | ▲ 0.2 |
Key figures of CORTINA, 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 CORTINA?
What happened at CORTINA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Wilhelmus Habraken stepped down as director. NBB
- Eddy Dumarey stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 221,446 (▼ 15% vs 2024). filed late Source: NBB ↗
- Wilhelmus Habraken became a director. NBB
- Eddy Dumarey became a director. NBB
- New establishment in Oudenaarde. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.5 million profit in 2022 to € 221,446 profit in 2025.
Paid € 384,241 in corporate taxes since 2022.
Best year ever: 2022, with € 1.5 million profit.
Pays suppliers within 24 days on average.
Management
The stake of B.A.M., SUNPART comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CORTINAThe shares are held by B.A.M. (58.4%) and SUNPART (41.6%). It owns 100% of Edge Safety Equipment BV itself.
Establishments
Establishment units
Physical locations of this company
Meersbloem-Melden 42
9700 Oudenaarde
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →B.A.M. same network
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€ 1.5 million gross margin · 2025
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€ 136,410 gross margin · 2025
SHOE BRANDING EUROPE
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+1 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0456.917.411
- VAT number
- BE 0456.917.411
- Registered office
- Meersbloem-Melden 42, 9700 Oudenaarde
- Names & denominations
- CORTINA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 1995
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Groothandel in schoeisel
Detailhandel in schoeisel