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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Negative equity NBB
More debt than assets in 2 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
23 other companies have their registered office at the same address; threshold 10.
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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 Rico from Mechelen, company number BE0780933835, closed financial year 2025 with a result of € -29,304 after tax. For that financial year Corto Rico recorded a gross margin of € -2,849 and equity of € -30,504. Compared with financial year 2024, the result moved from € -6,979 to € -29,304. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 30, 2026.
€ -30,504
▼ € 29,304 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -29,304
▼ 320 % more loss than in 2024
Profit after tax over the fiscal year.
€ 6,320
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -50,504.
Debts at end 2025
€ 1.1 million
Loans from banks and other lenders, long and short.
€ 13,899
Supplier invoices still open on the last day of the fiscal year.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -7,585 | € -2,569 | € -2,849 | ▼ € 280 |
| Profit after taxes | € -14,221 | € -6,979 | € -29,304 | ▼ € 22,325 |
| Equity | € 5,779 | € -1,200 | € -30,504 | ▼ € 29,304 |
| Total debts | € 1,372,603 | € 1,449,443 | € 1,570,399 | ▲ 8% |
| Cash | € 3,601 | - | € 6,320 | |
| Retained profit | € -14,221 | € -21,200 | € -50,504 | ▼ € 29,304 |
| Bank debt | € 1,100,000 | € 1,100,443 | € 1,100,000 | |
| Balance sheet total | € 1,378,382 | € 1,448,244 | € 1,539,894 | ▲ 6% |
Key figures of Corto Rico, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Corto Rico?
What happened at Corto Rico in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 29,304. Source: NBB ↗
- New establishment in Mechelen. KBO
- Ä-Star Group NV became a director. NBB
- Immonium NV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 14,221 loss in 2023 to € 29,304 loss in 2025.
Management
The stake of A-STAR GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Corto RicoBehind Corto Rico are Ä-Star Group NV and Immonium NV. The shares are held by A-STAR GROUP (50%).
Directors
According to the 2025 annual accounts
Director · represented by Ben Van Loo
Also active at: ABCO, Jan Moonen, B & Co RENT, Michiels, AB AUTO, MOJA, AB, LOOCA +20 more
since 2022
since 2022
Shareholders
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Begijnenweide 3
2800 Mechelen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 23 companies are registered at this address.
All companies at this address →ABCO same network
€ 150,201 gross margin · 2025
B & Co RENT same network
€ 379,289 gross margin · 2025
Michiels same network
€ 285,139 gross margin · 2025
B-APART same network
€ 6.1 million revenue · 2025
WASTI same network
€ 29,983 gross margin · 2025
+18 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
- 0780.933.835
- VAT number
- BE 0780.933.835
- Registered office
- Begijnenweide 3, 2800 Mechelen
- Names & denominations
- Corto Rico
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 January 2022
- Peppol
- Not registered
- Activities · NACE
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