Financials
Financial year 2025
CORTEL from Braine-l'Alleud, company number BE0472331008, closed financial year 2025 with a result of € -11,252 after tax. For that financial year CORTEL recorded a gross margin of € 19,229 and equity of € 418,016. Compared with financial year 2024, the result moved from € 26,486 to € -11,252. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 24, 2026.
€ 418,016
▼ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11,252
▼ still € 26,486 profit in 2024
Profit after tax over the fiscal year.
€ 49,370
▼ 66% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 400,676.
People and assets in 2025
€ 12,945
▲ € 10,029 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 511,998
▲ 64% vs 2024
€ 15,581 is repaid this year. At this pace the long-term loan is gone in ≈ 33 years.
€ 31,491
▲ 99% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,581
▼ 79% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 207,996 | € 122,598 | € 60,376 | € 19,229 | ▼ 68% |
| Profit after taxes | € 108,424 | € 60,585 | € 26,486 | € -11,252 | ▼ € 37,738 |
| Equity | € 389,697 | € 450,281 | € 429,268 | € 418,016 | ▼ 3% |
| Total debts | € 394,575 | € 339,165 | € 336,176 | € 552,514 | ▲ 64% |
| Cash | € 109,569 | € 367,715 | € 143,217 | € 49,370 | ▼ 66% |
| Land & buildings | € 395,159 | € 277,917 | € 367,936 | € 774,587 | ▲ 111% |
| Retained profit | € 372,358 | € 432,942 | € 411,928 | € 400,676 | ▼ 3% |
| Dividend | € 25,000 | € 0 | € 47,499 | € 0 | ▼ 100% |
| Bank debt | € 319,074 | € 315,559 | € 311,998 | € 511,998 | ▲ 64% |
| Balance sheet total | € 784,271 | € 789,447 | € 765,443 | € 970,530 | ▲ 27% |
Key figures of CORTEL, 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 CORTEL?
What happened at CORTEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 11,252 (▼ € 37,738 vs 2024). filed late Source: NBB ↗
- New establishment in De Panne. KBO
- New establishment in Genappe. KBO
- New establishment in Braine-l'Alleud. KBO
- Start of the company according to the CBE. KBO
- PATRICK CORVERS became a director. NBB
In short
From € 108,424 profit in 2022 to € 11,252 loss in 2025.
Paid € 50,138 in corporate taxes since 2022.
Best year ever: 2022, with € 108,424 profit.
Paid out € 72,499 in dividends to the owners in total.
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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 CORTEL is PATRICK CORVERS. PATRICK CORVERS is also behind MB NIVELLES.
Directors
According to the 2025 annual accounts
since 2000
Establishments
Establishment units
Physical locations of this company
Rue de la Houlette 9
1421 Braine-l'Alleud
Chaussée de Bruxelles 23
1472 Genappe
Active since 1 March 2011
Zeelaan 158 box 7
8660 De Panne
Active since 5 November 2025
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0472.331.008
- VAT number
- BE 0472.331.008
- Registered office
- Rue de la Houlette 9, 1421 Braine-l'Alleud
- Names & denominations
- CORTEL
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 2000
- Peppol
- Active · Active since 28 Jul 2024
- Activities · NACE
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