ACTIVE

CORTO

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Financial year 2024 · closed on 31/12/2024

Net result

-646,2 k €

-4383.4% YoY

Gross margin

767,8 k €

-16.1% YoY

Equity

329,9 k €

-66.7% YoY

Workforce

18,3 ETP

-5.2% YoY

What does CORTO do?

CORTO is a Non-profit organization incorporated in 1976. Its main activity is: Social work activities without accommodation for the elderly and disabled. Its registered office is in Mons. It employs on average 18,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.724.272

Incorporation

30/10/1976

Legal form

Non-profit organization

Registered office

Chaussée de Binche 58
7000 Mons · WallonieSee on map

Latest accounts

31/12/2024

Average workforce

18,3 ETP

Activities (NACE)

88105Social work activities without accommodation for the elderly and disabled· main

Signals

Healthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	767,8 k €	-16.1%	915,4 k €	+15.7%	791,4 k €	+13.7%	696,1 k €	-0.4%	698,9 k €		–		–		–		–		–		513,1 k €	+16.9%	439 k €	-3.0%	452,6 k €	-14.7%	530,8 k €	+24.1%	427,8 k €	-0.5%	429,8 k €	+19.8%	358,8 k €
EBITDA	-586,4 k €	-911%	72,3 k €	+45.1%	49,9 k €	-56.7%	115,1 k €	-28.9%	161,9 k €	+131%	-524,9 k €	+2.7%	-539,6 k €	-6.5%	-506,5 k €	-4.3%	-485,4 k €	+0.8%	-489,3 k €	-837%	66,4 k €	+158%	25,8 k €	-55.7%	58,1 k €	-52.6%	122,7 k €	+297%	30,9 k €	+5161%	-611 €	-102%	36,2 k €
Operating result	-646,8 k €	-5959%	11 k €	+225%	-8,8 k €	-119%	46,5 k €	-50.7%	94,1 k €	+116%	-597,5 k €	+2.4%	-612 k €	-6.5%	-574,7 k €	-5.9%	-542,9 k €	-0.7%	-539,1 k €	-3606%	15,4 k €	+153%	-28,9 k €	-397%	9,7 k €	-86.8%	73,8 k €	+727%	-11,8 k €	+70.0%	-39,2 k €	-294%	20,2 k €
Net result	-646,2 k €	-4383%	15,1 k €	+11313%	-134,5 €	-100%	49,8 k €	-48.9%	97,5 k €	+37.2%	71,1 k €	+338%	16,2 k €	-71.8%	57,6 k €	-34.5%	87,9 k €	+506%	-21,7 k €	+69.5%	-70,9 k €	-38.8%	-51,1 k €	-396%	-10,3 k €	-120%	50,7 k €	+346%	-20,6 k €	+48.0%	-39,6 k €	-67.3%	-23,7 k €
Balance sheet
Equity	329,9 k €	-66.7%	990,3 k €	+0.1%	989,5 k €	-1.4%	1 M €	+3.2%	973 k €	+8.6%	896 k €	+5.9%	845,9 k €	+0.6%	840,6 k €	+31.6%	638,9 k €	+22.7%	520,6 k €	+17.7%	442,5 k €	-9.9%	491,3 k €	-9.6%	543,4 k €	+1.7%	534,4 k €	+10.5%	483,7 k €	-4.1%	504,3 k €	+8425%	-6,1 k €
Total assets	1,2 M €	-16.4%	1,5 M €	-0.3%	1,5 M €	+4.0%	1,4 M €	+0.2%	1,4 M €	+6.7%	1,3 M €	-10.4%	1,5 M €	+24.0%	1,2 M €	+27.5%	943,5 k €	+6.2%	888,7 k €	+0.9%	881,1 k €	+3.2%	853,7 k €	-8.2%	930,5 k €	+1.7%	914,8 k €	-5.3%	965,8 k €	-3.3%	998,9 k €	+140%	416,2 k €
Cash	317,8 k €	-28.2%	442,7 k €	+2.1%	433,5 k €	+1.5%	427,1 k €	+31.6%	324,5 k €	+82.1%	178,2 k €	-10.9%	200 k €	+141%	83 k €	+75.9%	47,2 k €	+26.2%	37,4 k €	-7.8%	40,6 k €	+17.1%	34,6 k €	-62.4%	92 k €	+219%	28,8 k €	+11.7%	25,8 k €	-4.2%	26,9 k €	-57.7%	63,6 k €
Debts	431,9 k €	+8.0%	399,9 k €	-1.7%	406,8 k €	+15.3%	352,9 k €	-6.6%	377,7 k €	-13.6%	437 k €	-25.1%	583,1 k €	+95.8%	297,8 k €	+25.6%	237,1 k €	-20.6%	298,7 k €	-18.8%	368 k €	+25.4%	293,4 k €	-3.2%	303,3 k €	+1.2%	299,7 k €	-35.7%	466,3 k €	+10.5%	422 k €	+17.6%	358,7 k €
Other
Workforce	18,3 ETP	-5.2%	19,3 ETP	+3.8%	18,6 ETP	-2.1%	19,0 ETP	+7.3%	17,7 ETP	+47.5%	12,0 ETP	-9.1%	13,2 ETP	+8.2%	12,2 ETP	-58.6%	29,5 ETP	+106%	14,3 ETP	+2.1%	14,0 ETP	+5.3%	13,3 ETP	+9.9%	12,1 ETP	-7.6%	13,1 ETP	-5.8%	13,9 ETP	+4.5%	13,3 ETP	+24.3%	10,7 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 28 ended

Active mandates

ARIANNE MICHIELS

Director · since 26 juin 2023

Active

GREGORY WEYDERS

Director · since 26 juin 2023

Active

ANTONIO MASCIA

Président du conseil d'administration et membre ef · since 27 mars 2023

Active

SERGE VANDER VELDE

Director · since 20 septembre 2021

Active

Ended mandates

ANTONIO MASCIA

Chairman of the board of directors · since 27 mars 2023

Ended

FRANCIS POCHET

Director · since 15 mars 2022

Ended

BETTY LUST

Director · since 24 février 2022

Ended

Annie DELAETERE-BRULOIS

Director · since 01 février 2021

Ended

At this address

Other companies at this address

Company	CBE no.
Grandir Autrement● Active	0424.396.378
PSY.LIV.CUBE● Active	0889.201.671

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/09/2025	04/11/2024	06/07/2023	28/07/2022	27/08/2021	22/09/2020
General meeting	09/09/2025	24/10/2024	26/06/2023	28/06/2022	01/07/2021	10/09/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2024	09/09/2025	25/09/2025	French	PDF
Abridged model	31/12/2023	24/10/2024	04/11/2024	French	PDF
Abridged model	31/12/2022	26/06/2023	06/07/2023	French	PDF
Abridged model	31/12/2021	28/06/2022	28/07/2022	French	PDF
Abridged model	31/12/2020	01/07/2021	27/08/2021	French	PDF
Abridged model	31/12/2019	10/09/2020	22/09/2020	French	PDF
Abridged model	31/12/2018	17/06/2019	03/07/2019	French	PDF
Abridged model	31/12/2017	25/06/2018	26/06/2018	French	PDF
Abridged model	31/12/2016	15/06/2017	16/06/2017	French	PDF
Abridged model	31/12/2015	09/06/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	11/06/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	19/06/2014	26/06/2014	French	PDF
Abridged model	31/12/2012	06/06/2013	26/07/2013	French	PDF
Abridged model	31/12/2011	24/05/2012	11/09/2012	French	PDF
Abridged model	31/12/2010	09/06/2011	01/07/2011	French	PDF
Abridged model	31/12/2009	24/06/2010	13/07/2010	French	PDF
Abridged model	31/12/2008	25/06/2009	26/06/2009	French	PDF
Abridged model	31/12/2007	12/06/2008	28/11/2008	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2024 · 4 active · 28 ended

Active mandates

ARIANNE MICHIELS

Director · since 26 juin 2023

Active

GREGORY WEYDERS

Director · since 26 juin 2023

Active

ANTONIO MASCIA

Président du conseil d'administration et membre ef · since 27 mars 2023

Active

SERGE VANDER VELDE

Director · since 20 septembre 2021

Active

Ended mandates

ANTONIO MASCIA

Chairman of the board of directors · since 27 mars 2023

Ended

FRANCIS POCHET

Director · since 15 mars 2022

Ended

BETTY LUST

Director · since 24 février 2022

Ended

Annie DELAETERE-BRULOIS

Director · since 01 février 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Registered office02/03/2026
SIEGE SOCIAL
PDF
Mandates04/01/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates06/09/2023
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/05/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates21/10/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates23/06/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates08/12/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates23/09/2015
DENOMINATION - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2024
Annual accounts 2024-646,2 k €↓
2023
Annual accounts 202315,1 k €↑
2022
Annual accounts 2022-134,5 €↓
2021
Annual accounts 202149,8 k €↓
2020
Annual accounts 202097,5 k €↑
2019
Annual accounts 201971,1 k €↑
2018
Annual accounts 201816,2 k €↓
2017
Annual accounts 201757,6 k €↓
2016
Annual accounts 201687,9 k €↑
2015
Annual accounts 2015-21,7 k €↑
2014
Annual accounts 2014-70,9 k €↓
2013
Annual accounts 2013-51,1 k €↓
2012
Annual accounts 2012-10,3 k €↓
2011
Annual accounts 201150,7 k €↑
2010
Annual accounts 2010-20,6 k €↑
2009
Annual accounts 2009-39,6 k €↓
2008
Annual accounts 2008-23,7 k €
30/10/1976
IncorporationNon-profit organization

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CORTO

Overview

What does CORTO do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline