ACTIVE

CORTINA

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Financial year 2025 · closed on 31/12/2025

Net result

221,4 k €

-14.6% YoY

Revenue

49,7 M €

-1.6% YoY

Equity

28,8 M €

+0.8% YoY

Workforce

15,5 ETP

+1.3% YoY

What does CORTINA do?

CORTINA is a Public limited company incorporated in 1995. Its registered office is in Oudenaarde. It employs on average 15,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0456.917.411

Incorporation

29/12/1995

Legal form

Public limited company

Registered office

Meersbloem-Melden 42
9700 Oudenaarde · FlandreSee on map

Contributed capital

1 000 000,00 €

Latest accounts

31/12/2025

Average workforce

15,5 ETP

Joint committees (3)

128
12802
200

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2009
Income statement
Revenue	49,7 M €	-1.6%	50,5 M €	-15.7%	60 M €	-8.8%	65,8 M €	-2.0%	67,1 M €	-3.9%	69,8 M €	-12.1%	79,4 M €	-15.9%	94,4 M €	+8.2%	87,3 M €	-8.7%	95,6 M €	+16.9%	81,7 M €	+7.3%	76,1 M €	-5.8%	80,8 M €
EBITDA	438,1 k €	-68.1%	1,4 M €	+2683%	-53,2 k €	-102%	2,5 M €	+31.0%	1,9 M €	+193%	648,6 k €	-85.9%	4,6 M €	-9.6%	5,1 M €	-23.6%	6,7 M €	+29.4%	5,2 M €	+9.8%	4,7 M €	-0.4%	4,7 M €	-19.3%	5,8 M €
Operating result	304,7 k €	+136%	-839,2 k €	-170%	1,2 M €	-60.0%	3 M €	+70.1%	1,8 M €	+8420%	20,6 k €	-98.6%	1,5 M €	-35.3%	2,3 M €	-61.7%	6,1 M €	+66.5%	3,7 M €	+40.8%	2,6 M €	+37.1%	1,9 M €	-50.9%	3,9 M €
Net result	221,4 k €	-14.6%	259,3 k €	+8.7%	238,6 k €	-83.9%	1,5 M €	+248%	425,9 k €	+80.5%	236 k €	-87.2%	1,8 M €	+115%	861,1 k €	-58.0%	2 M €	+2284%	85,9 k €	-82.7%	495,3 k €	-18.7%	609,2 k €	-68.1%	1,9 M €
Balance sheet
Equity	28,8 M €	+0.8%	28,6 M €	+0.9%	28,3 M €	+0.8%	28,1 M €	+5.6%	26,6 M €	+1.6%	26,2 M €	+0.9%	26 M €	+7.7%	24,1 M €	+3.7%	23,3 M €	+9.7%	21,2 M €	+0.4%	21,1 M €	+2.4%	20,6 M €	+53.1%	13,5 M €
Total assets	47,4 M €	+10.9%	42,7 M €	-5.8%	45,3 M €	+0.7%	45 M €	-10.4%	50,2 M €	+12.3%	44,7 M €	-28.5%	62,6 M €	-5.0%	65,9 M €	+1.5%	64,9 M €	+3.2%	62,9 M €	+7.9%	58,3 M €	-1.6%	59,2 M €	+44.7%	40,9 M €
Cash	876,6 k €	-35.5%	1,4 M €	+13.2%	1,2 M €	-55.3%	2,7 M €	+351%	596,1 k €	-11.0%	669,5 k €	+379%	139,8 k €	-49.7%	278 k €	-46.1%	516 k €	-9.1%	567,8 k €	+422%	108,9 k €	-29.6%	154,6 k €	-76.7%	662,2 k €
Debts	15,9 M €	+39.7%	11,3 M €	-19.9%	14,2 M €	+15.3%	12,3 M €	-26.8%	16,8 M €	+39.5%	12 M €	-59.6%	29,8 M €	-13.8%	34,5 M €	-0.1%	34,5 M €	+19.4%	28,9 M €	+29.6%	22,3 M €	-1.1%	22,6 M €	+432%	4,2 M €
Other
Workforce	15,5 ETP	+1.3%	15,3 ETP	-10.0%	17,0 ETP	+9.0%	15,6 ETP	-5.5%	16,5 ETP	-5.7%	17,5 ETP	-10.7%	19,6 ETP	-17.3%	23,7 ETP	-25.0%	31,6 ETP	-1.9%	32,2 ETP	-11.5%	36,4 ETP	-8.5%	39,8 ETP	-4.8%	41,8 ETP

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 · 2 active · 9 ended

Active mandates

Eddy Dumarey

Managing director · since 29 mai 2019 · until 27 mai 2031

Active

Wilhelmus Habraken

Director · since 29 mai 2019 · until 27 mai 2031

Active

Ended mandates

Eddy Dumarey

Managing director · since 29 mai 2019 · until 27 mai 2025

Ended

Wilhelmus HABRAKEN

Director · since 29 mai 2019 · until 27 mai 2025

Ended

Eddy DUMAREY

Managing director · since 30 mai 2013 · until 30 mai 2019

Ended

Wilhelmus HABRAKEN

Director · since 30 mai 2013 · until 30 mai 2019

Ended

At this address

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Dynamic Gear● Active	0599.914.712
J.R.● Active	0897.214.366
SHOE BRANDING EUROPE● Active	0884.162.522

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	24/08/2026	29/08/2025	30/08/2024	31/08/2023	31/08/2022	31/08/2021
General meeting	21/08/2026	29/08/2025	30/08/2024	31/08/2023	30/08/2022	30/08/2021
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

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	21/08/2026	24/08/2026	Dutch	PDF
Full model	31/12/2024	29/08/2025	29/08/2025	Dutch	PDF
Full model	31/12/2023	30/08/2024	30/08/2024	Dutch	PDF
Full model	31/12/2022	31/08/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	30/08/2022	31/08/2022	Dutch	PDF
Full model	31/12/2020	30/08/2021	31/08/2021	Dutch	PDF
Full model	31/12/2019	08/10/2020	27/10/2020	Dutch	PDF
Full model	31/12/2018	29/08/2019	29/08/2019	Dutch	PDF
Full model	31/12/2017	27/08/2018	30/08/2018	Dutch	PDF
Full model	31/12/2016	10/08/2017	31/08/2017	Dutch	PDF
Full model	31/12/2015	20/06/2016	20/07/2016	Dutch	PDF
Full model	31/12/2014	31/07/2015	28/08/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	29/08/2014	Dutch	PDF
Full model	31/12/2012	28/06/2013	26/07/2013	Dutch	PDF
Full model	31/12/2011	19/06/2012	18/07/2012	Dutch	PDF
Full model	31/12/2010	21/06/2011	07/07/2011	Dutch	PDF
Full model	31/12/2009	30/06/2010	30/07/2010	Dutch	PDF
Full model	31/12/2008	30/06/2009	31/08/2009	Dutch	PDF
Full model	31/12/2007	27/05/2008	07/07/2008	Dutch	PDF
Full model	31/12/2006	29/05/2007	29/06/2007	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 · 2 active · 9 ended

Active mandates

Eddy Dumarey

Managing director · since 29 mai 2019 · until 27 mai 2031

Active

Wilhelmus Habraken

Director · since 29 mai 2019 · until 27 mai 2031

Active

Ended mandates

Eddy Dumarey

Managing director · since 29 mai 2019 · until 27 mai 2025

Ended

Wilhelmus HABRAKEN

Director · since 29 mai 2019 · until 27 mai 2025

Ended

Eddy DUMAREY

Managing director · since 30 mai 2013 · until 30 mai 2019

Ended

Wilhelmus HABRAKEN

Director · since 30 mai 2013 · until 30 mai 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates19/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Other28/12/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DOEL - ALGEMENE VERGADERING
PDF
Mandates24/11/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/10/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/09/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/09/2013
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/09/2012
ONTSLAGEN - BENOEMINGEN
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 2025221,4 k €↓
29/08/2025
reconductionEddy DUMAREY — bestuurder
29/08/2025
reconductionWilhelmus HABRAKEN — bestuurder
2024
Annual accounts 2024259,3 k €↑
30/08/2024
reconductionBV Figurad Bedrijfsrevisoren — commissaris
2023
Annual accounts 2023238,6 k €↓
2022
Annual accounts 20221,5 M €↑
2021
Annual accounts 2021425,9 k €↑
30/08/2021
reconductionBV Figurad Bedrijfsrevisoren — commissaris
2020
Annual accounts 2020236 k €↓
2019
Annual accounts 20191,8 M €↑
2018
Annual accounts 2018861,1 k €↓
2017
Annual accounts 20172 M €↑
2016
Annual accounts 201685,9 k €↓
2015
Annual accounts 2015495,3 k €↓
2014
Annual accounts 2014609,2 k €↓
2009
Annual accounts 20091,9 M €
29/12/1995
IncorporationPublic 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

CORTINA

Overview

What does CORTINA do?

Trend over 13 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