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.
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Busy address KBO
10 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Koortzz from Gent, company number BE0687725050, closed financial year 2025 with a result of € 71,818 after tax. For that financial year Koortzz recorded a gross margin of € 199,429 and equity of € 62,567. Compared with financial year 2024, the result moved from € -5,009 to € 71,818. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 62,567
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 71,818
▲ still € 5,009 loss in 2024
Profit after tax over the fiscal year.
€ 132,036
▲ 123% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 71,000 paid out
99 % of the profit went to the shareholders, mostly to B&L Co (100 % of the shares). That is where the money ends up.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 91,219
▲ 7% vs 2024
€ 45,600 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.
€ 5,134
▼ 92% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 31,742
▼ 37% vs 2024
€ 9,054 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 35,417
▼ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 30,697
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 158,033 | € 106,757 | € 87,644 | € 199,429 | ▲ 128% |
| Profit after taxes | € 92,426 | € 48,157 | € -5,009 | € 71,818 | ▲ € 76,827 |
| Equity | € 18,600 | € 66,757 | € 61,749 | € 62,567 | ▲ 1% |
| Total debts | € 207,371 | € 101,459 | € 151,227 | € 168,897 | ▲ 12% |
| Cash | € 106,822 | € 77,391 | € 59,230 | € 132,036 | ▲ 123% |
| Retained profit | € 0 | € 48,157 | € 43,149 | € 43,967 | ▲ 2% |
| Dividend | € 151,447 | € 0 | € 0 | € 71,000 | |
| Bank debt | € 20,974 | € 0 | € 50,418 | € 31,742 | ▼ 37% |
| Balance sheet total | € 225,971 | € 168,216 | € 212,976 | € 231,463 | ▲ 9% |
| Employees (FTE) | - | - | - | 2 |
Key figures of Koortzz, 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 Koortzz?
What happened at Koortzz in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 71,818. Source: NBB ↗
- Aglaea BV became a director. NBB
- Martine Van Autrijve stepped down as director. NBB
- New establishment in Gent. KBO
- Martine Van Autrijve became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 92,426 profit in 2022 to € 71,818 profit in 2025.
Paid € 47,601 in corporate taxes since 2022.
Best year ever: 2022, with € 92,426 profit.
On average € 99,700 of value added per employee in 2025.
Management
The stake of B&L Co comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KoortzzBehind Koortzz is Aglaea BV. The shares are held by B&L Co (100%).
Directors
According to the 2025 annual accounts
Director · represented by Kristof Lamberigts
Also active at: POLITEIA, PINAKES, MICHAEL IS DEAD, B&L Co, Borgerhoff & Lamberigts TV, BORGERHOFF & LAMBERIGTS, ACADEMIC & SCIENTIFIC PUBLISHERS, Baldrick
since 2025
Martine Van Autrijve
Director
since 2018 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Burgstraat 18 box K
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 10 companies are registered at this address.
All companies at this address →MICHAEL IS DEAD same network
€ 139,934 gross margin · 2025
TAGMAG
€ -4,690 gross margin · 2025
Atelier Ecru
€ -16,312 gross margin · 2023
BTW EENHEID B&L
Borgerhoff & Lamberigts Invest
€ 376,270 gross margin · 2025
+5 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
- 0687.725.050
- VAT number
- BE 0687.725.050
- Registered office
- Burgstraat 18 bus K, 9000 Gent
- Names & denominations
- Koortzz
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 January 2018
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- [email protected]
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