ACTIVE

CORTEX

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

-9,5 k €

+47.9% YoY

Gross margin

-6,9 k €

+49.1% YoY

Equity

89,5 k €

-9.6% YoY

What does CORTEX do?

CORTEX is a Private limited company incorporated in 1994. Its main activity is: Computer programming activities. Its registered office is in Lochristi.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0452.792.040

Incorporation

08/06/1994

Legal form

Private limited company

Registered office

Bisschop-Pieter-Damantlaan 42
9080 Lochristi · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

62010Computer programming activities· main 62100Computer programming, consultancy and related activities 72220Research and experimental development on social sciences and humanities

Contacts

4 public details availableLog in to view

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

Available with a Rovalta subscriptionTry for 7 days

Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	-6,9 k €	+49.1%	-13,6 k €	+56.0%	-31,0 k €	-11.0%	-27,9 k €	-80.2%	-15,5 k €	-239%	11,1 k €	-76.6%	47,5 k €	-35.6%	73,8 k €	+34.7%	54,7 k €	-32.5%	81,1 k €	-25.5%	109,0 k €	+28.1%	85,1 k €	-27.7%	117,6 k €	+0.7%	116,8 k €	+0.4%	116,3 k €	-9.0%	127,8 k €	+13.9%	112,2 k €	-22.5%	144,7 k €	-20.9%	182,9 k €	-14.1%	212,9 k €
EBITDA	-8,1 k €	+46.2%	-15,1 k €	+53.5%	-32,5 k €	-10.6%	-29,4 k €	-74.8%	-16,8 k €	-272%	9,8 k €	-78.2%	44,9 k €	-38.1%	72,5 k €	+35.6%	53,4 k €	-33.1%	79,8 k €	-25.8%	107,6 k €	+33.8%	80,4 k €	-29.7%	114,4 k €	+0.4%	114,0 k €	+0.1%	113,8 k €	-8.4%	124,2 k €	+14.0%	108,9 k €	-23.1%	141,6 k €	-21.4%	180,0 k €	-14.3%	210,1 k €
Operating result	-8,1 k €	+48.4%	-15,7 k €	+53.8%	-34,1 k €	-10.0%	-31,0 k €	-48.8%	-20,8 k €	-461%	5,8 k €	-85.6%	40,0 k €	-41.2%	68,0 k €	+82.4%	37,3 k €	-42.0%	64,3 k €	-30.6%	92,6 k €	+39.1%	66,6 k €	-20.1%	83,4 k €	-12.9%	95,7 k €	+0.8%	94,9 k €	-9.6%	105,0 k €	+15.4%	91,0 k €	-24.4%	120,3 k €	-19.3%	149,0 k €	-16.6%	178,8 k €
Net result	-9,5 k €	+47.9%	-18,3 k €	+49.6%	-36,3 k €	-15.6%	-31,4 k €	-33.9%	-23,4 k €	-1016%	2,6 k €	-90.8%	27,9 k €	-39.9%	46,5 k €	+73.4%	26,8 k €	-39.6%	44,4 k €	-31.5%	64,8 k €	-54.3%	141,7 k €	+156%	55,4 k €	-13.9%	64,3 k €	+2.6%	62,7 k €	-10.9%	70,3 k €	+17.6%	59,8 k €	-19.8%	74,6 k €	-20.9%	94,3 k €	-22.3%	121,4 k €
Balance sheet
Equity	89,5 k €	-9.6%	99,0 k €	-15.6%	117,3 k €	-23.6%	153,5 k €	-17.0%	184,9 k €	-22.4%	238,4 k €	+1.1%	235,8 k €	+13.4%	207,9 k €	-34.1%	315,3 k €	+9.3%	288,5 k €	+18.2%	244,1 k €	-30.8%	352,6 k €	+33.5%	264,2 k €	-6.9%	283,9 k €	+23.6%	229,6 k €	-3.3%	237,6 k €	+12.1%	211,9 k €	+17.5%	180,3 k €	+22.8%	146,9 k €	+19.3%	123,1 k €
Total assets	94,1 k €	-22.7%	121,7 k €	-17.0%	146,6 k €	-19.5%	182,0 k €	-16.9%	219,1 k €	-10.1%	243,8 k €	+0.4%	242,9 k €	+3.0%	235,9 k €	-34.6%	360,9 k €	+9.4%	329,8 k €	+6.8%	308,7 k €	-34.6%	471,8 k €	+43.9%	327,8 k €	+12.4%	291,6 k €	+1.4%	287,7 k €	+17.2%	245,4 k €	+9.8%	223,6 k €	-3.9%	232,6 k €	-12.1%	264,6 k €	+18.6%	223,1 k €
Cash	93,3 k €	-21.5%	118,9 k €	-16.4%	142,2 k €	-20.1%	177,9 k €	-12.8%	204,1 k €	-8.4%	222,8 k €	+3.5%	215,3 k €	+2.0%	211,1 k €	+18.8%	177,6 k €	+21.3%	146,5 k €	+32.0%	111,0 k €	+36.6%	81,2 k €	+13.8%	71,3 k €	+9.6%	65,1 k €	+42.3%	45,7 k €	+78.7%	25,6 k €	+19.3%	21,5 k €	-17.1%	25,9 k €	+56.2%	16,6 k €	+19102%	86,3 €
Debts	4,7 k €	-79.5%	22,7 k €	-22.5%	29,3 k €	+3.1%	28,4 k €	-16.8%	34,2 k €	+522%	5,5 k €	-22.6%	7,1 k €	-74.7%	28,0 k €	-38.6%	45,6 k €	+10.5%	41,3 k €	-36.1%	64,7 k €	-45.7%	119,1 k €	+87.5%	63,5 k €	+730%	7,7 k €	-86.8%	58,0 k €	+641%	7,8 k €	-32.8%	11,7 k €	-77.7%	52,3 k €	-55.5%	117,7 k €	+17.8%	99,9 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 1 ended

Active mandates

Alain Sienaert

Manager

Active

Ended mandates

Alain SIENAERT

Director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	10/06/2026	06/06/2025	14/05/2024	16/06/2023	22/06/2022	28/06/2021
General meeting	24/04/2026	25/04/2025	26/04/2024	28/04/2023	29/04/2022	30/04/2021
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

Looking for more information about this company?

Try for 7 days

Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	24/04/2026	10/06/2026	Dutch	PDF
Micro model	31/12/2024	25/04/2025	06/06/2025	Dutch	PDF
Micro model	31/12/2023	26/04/2024	14/05/2024	Dutch	PDF
Micro model	31/12/2022	28/04/2023	16/06/2023	Dutch	PDF
Micro model	31/12/2021	29/04/2022	22/06/2022	Dutch	PDF
Micro model	31/12/2020	30/04/2021	28/06/2021	Dutch	PDF
Micro model	31/12/2019	24/04/2020	29/06/2020	Dutch	PDF
Micro model	31/12/2018	26/04/2019	28/06/2019	Dutch	PDF
Micro model	31/12/2017	27/04/2018	22/08/2018	Dutch	PDF
Micro model	31/12/2016	21/04/2017	28/06/2017	Dutch	PDF
Abridged model	31/12/2015	22/04/2016	13/08/2016	Dutch	PDF
Abridged model	31/12/2014	24/04/2015	29/07/2015	Dutch	PDF
Abridged model	31/12/2013	25/04/2014	16/08/2014	Dutch	PDF
Abridged model	31/12/2012	26/04/2013	26/06/2013	Dutch	PDF
Abridged model	31/12/2011	27/04/2012	21/07/2012	Dutch	PDF
Abridged model	31/12/2010	29/04/2011	25/07/2011	Dutch	PDF
Abridged model	31/12/2009	30/04/2010	28/07/2010	Dutch	PDF
Abridged model	31/12/2008	24/04/2009	30/07/2009	Dutch	PDF
Abridged model	31/12/2007	25/04/2008	28/07/2008	Dutch	PDF
Abridged model	31/12/2006	27/04/2007	25/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025 · 1 active · 1 ended

Active mandates

Alain Sienaert

Manager

Active

Ended mandates

Alain SIENAERT

Director

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/10/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares03/01/2018
KAPITAAL - AANDELEN
PDF
Capital / shares16/12/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Capital / shares10/10/2006
KAPITAAL - AANDELEN - BOEKJAAR - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2025
Annual accounts 2025-9,5 k €↑
2024
Annual accounts 2024-18,3 k €↑
2023
Annual accounts 2023-36,3 k €↓
2022
Annual accounts 2022-31,4 k €↓
2021
Annual accounts 2021-23,4 k €↓
2020
Annual accounts 20202,6 k €↓
2019
Annual accounts 201927,9 k €↓
2018
Annual accounts 201846,5 k €↑
2017
Annual accounts 201726,8 k €↓
2016
Annual accounts 201644,4 k €↓
2015
Annual accounts 201564,8 k €↓
2014
Annual accounts 2014141,7 k €↑
2013
Annual accounts 201355,4 k €↓
2012
Annual accounts 201264,3 k €↑
2011
Annual accounts 201162,7 k €↓
2010
Annual accounts 201070,3 k €↑
2009
Annual accounts 200959,8 k €↓
2008
Annual accounts 200874,6 k €↓
2007
Annual accounts 200794,3 k €↓
2006
Annual accounts 2006121,4 k €
08/06/1994
IncorporationPrivate limited company

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

CORTEX

Overview

What does CORTEX do?

Trend over 20 financial years

Indicative valuation

Board of directors

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