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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Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
"CORTO IMMO" from Tournai, company number BE0720913995, closed financial year 2025 with a result of € 10,876 after tax. For that financial year "CORTO IMMO" recorded a gross margin of € 29,590 and equity of € 37,090. Compared with financial year 2024, the result moved from € 12,876 to € 10,876. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ 37,090
▲ 41% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 10,876
▼ 16% vs 2024
Profit after tax over the fiscal year.
€ 7,672
▲ € 5,765 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 € 7,090.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 226,757
▼ 6% vs 2024
€ 13,712 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 1,528
▼ 55% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,581
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 32,781 | € 32,776 | € 31,184 | € 29,590 | ▼ 5% |
| Profit after taxes | € 14,615 | € 15,207 | € 12,876 | € 10,876 | ▼ 16% |
| Equity | € -1,868 | € 13,338 | € 26,214 | € 37,090 | ▲ 41% |
| Total debts | € 290,569 | € 277,099 | € 272,366 | € 233,817 | ▼ 14% |
| Cash | € 4,187 | € 7,395 | € 1,907 | € 7,672 | ▲ € 5,765 |
| Land & buildings | € 282,646 | € 281,293 | € 284,923 | € 261,485 | ▼ 8% |
| Retained profit | € -31,868 | € -16,662 | € -3,786 | € 7,090 | ▲ € 10,876 |
| Bank debt | € 266,124 | € 253,282 | € 240,173 | € 226,757 | ▼ 6% |
| Balance sheet total | € 288,701 | € 290,438 | € 298,580 | € 270,907 | ▼ 9% |
By gross margin, "CORTO IMMO" ranks 15th of 18 companies with main activity “Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen” in Tournai that publish figures (fiscal year 2025).
Key figures of "CORTO IMMO", 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.
Ask about "CORTO IMMO" the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to "CORTO IMMO"?
What happened at "CORTO IMMO" in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 10,876 (▼ 16% vs 2024). filed late Source: NBB ↗
- Incorporation, published in the Gazette. Source: Staatsblad ↗
In short
From € 14,615 profit in 2022 to € 10,876 profit in 2025.
Paid € 2,581 in corporate taxes since 2022.
Best year ever: 2023, with € 15,207 profit.
Management
The stake of FONTAINE MAINVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
"CORTO IMMO"Behind "CORTO IMMO" is Jean-Francois Fontaine. The shares are held by FONTAINE MAINVEST (100%).
Directors
According to the 2025 annual accounts
Jean-Francois Fontaine
Director
Also active at: IMMO DERVEAU-WATTIEZ, FONTAINE SILO, FONTAINE MAINVEST
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue Joseph Hoyois(TOU) 17
7500 Tournai
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Similar companies in Tournai
Same main activity (Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen), 18 active companies in Tournai, largest first.
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Shareholders according to the Official Gazette deeds
Who contributed at incorporation and at capital increases, with the deed as source. Later share transfers are not published in the Gazette.
Incorporation
Source: Deed ↗- Marc Xavier Fernand Velghe(oprichter) 95%
- William Yves Aurélien Velghe(oprichter) 5%
Details
- Company number
- 0720.913.995
- VAT number
- BE 0720.913.995
- Registered office
- Rue Joseph Hoyois(TOU) 17, 7500 Tournai
- Names & denominations
- "CORTO IMMO"
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 February 2019
- Peppol
- Not registered
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen