ACTIVE

NewCort

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Financial year 2025 · closed on 31/12/2025
Net result
-37 k €
-110.6% YoY
Revenue
1,2 M €
-6.4% YoY
Equity
4 M €
-0.9% YoY

What does NewCort do?

NewCort is a Public limited company incorporated in 2000. Its main activity is: Development of building projects. Its registered office is in Bruxelles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0473.648.327
Incorporation
29/12/2000
Legal form
Public limited company
Registered office
Avenue Louise 54
1050 Bruxelles · BruxellesSee on map
Contributed capital
813 088,86 €
Latest accounts
31/12/2025
Activities (NACE)
41102Development of building projects· main68122Buying and selling of own real estate70112Activities of head offices
Signals
Good liquidityPositive cashflowPositive EBITDAHigh revenue
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120192018201720162015201420132012201120102009200820072006
Income statement
Revenue1,2 M €1,2 M €1,3 M €1,3 M €1,1 M €1,6 M €1,5 M €1,4 M €1,4 M €1,7 M €1,1 M €895,2 k €810,7 k €609,5 k €526,4 k €223,6 k €–––
EBITDA827,7 k €996,2 k €940,8 k €960,1 k €933,1 k €1,5 M €1,4 M €1,4 M €1,3 M €1,5 M €960,8 k €765,7 k €415,8 k €468,9 k €315,4 k €-62,5 k €332,3 k €1,8 M €-121,2 k €
Operating result370,9 k €533,2 k €477,6 k €502,4 k €478,4 k €1,1 M €980,3 k €949 k €854,6 k €960,6 k €525,2 k €335,1 k €-13,7 k €42,1 k €-111,1 k €-489 k €-92,9 k €1,2 M €-728,5 k €
Net result-37 k €350,2 k €312,9 k €372,4 k €320,6 k €917,3 k €831,5 k €800,4 k €672,7 k €735,8 k €209,1 k €-5,5 k €-378,7 k €-476,1 k €-747,1 k €-1,1 M €-773,1 k €189,2 k €-1,3 M €
Balance sheet
Equity4 M €4 M €4 M €5 M €5 M €5 M €5 M €6,4 M €5,6 M €5,6 M €-3,7 M €-3,9 M €-3,9 M €-3,5 M €-3 M €-2,3 M €-1,1 M €-338,5 k €-527,7 k €
Total assets16,7 M €17,1 M €17 M €18,2 M €17,9 M €18,6 M €19,6 M €19 M €18,9 M €18,3 M €16,5 M €16,6 M €16,9 M €17,3 M €17,7 M €18 M €18,5 M €19,3 M €22,6 M €
Cash4,2 M €4,3 M €3,9 M €4,8 M €4,4 M €4 M €4,9 M €3,5 M €3,4 M €2,5 M €189,2 k €133,3 k €54,2 k €59,8 k €33,4 k €22 k €28 k €325 k €1,1 M €
Debts12,4 M €12,6 M €12,5 M €12,7 M €12,5 M €13,1 M €14,4 M €12,2 M €13,1 M €12,3 M €19,7 M €20,1 M €20,4 M €20,5 M €20,4 M €20 M €19,4 M €19,5 M €23,1 M €
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 · 3 active · 40 ended

Active mandates

Axel Ceusters

Director · since 18 août 2025 · until 13 juin 2031

Active
Laurence Simillon

Director · since 21 juin 2024 · until 14 juin 2030

Active
Marc Gärtner

Director · since 21 juin 2024 · until 14 juin 2030

Active

Ended mandates

Axel Hugo Ceusters

Director · since 26 novembre 2019 · until 13 juin 2025

Ended
Axel Hugo Ceusters

Director · since 26 novembre 2019 · until 18 août 2025

Ended
Axel Hugo Ceusters

Director · since 26 novembre 2019 · until 13 juin 2025

Ended
Laurence Simillon

Director · since 23 juillet 2018 · until 14 juin 2024

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/07/202621/08/202527/06/202403/07/202320/06/202217/05/2021
General meeting26/06/202618/08/202521/06/202409/06/202310/06/202230/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/06/202601/07/2026DutchPDF
Full model31/12/202418/08/202521/08/2025DutchPDF
Full model31/12/202321/06/202427/06/2024DutchPDF
Full model31/12/202209/06/202303/07/2023DutchPDF
Full model31/12/202110/06/202220/06/2022DutchPDF
Full model31/12/202030/04/202117/05/2021DutchPDF
Full model31/12/201929/06/202008/07/2020DutchPDF
Full model31/12/201826/07/201920/08/2019DutchPDF
Full model31/12/201723/07/201803/08/2018DutchPDF
Full model31/12/201630/06/201717/07/2017DutchPDF
Full model31/12/201501/08/201618/10/2016DutchPDF
Full model30/09/201405/12/201405/01/2015DutchPDF
Full model30/09/201317/03/201401/04/2014FrenchPDF
Full model30/09/201218/03/201324/04/2013FrenchPDF
Full model30/09/201119/03/201224/04/2012FrenchPDF
Full model30/09/201014/03/201114/04/2011FrenchPDF
Full model30/09/200915/03/201009/04/2010FrenchPDF
Full model30/09/200827/03/200914/04/2009FrenchPDF
Abridged modelCorrection30/09/200717/03/200806/01/2009FrenchPDF
Abridged model30/09/200717/03/200830/04/2008FrenchPDF
Abridged model30/06/200626/03/200723/04/2007FrenchPDF
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 · 3 active · 40 ended

Active mandates

Axel Ceusters

Director · since 18 août 2025 · until 13 juin 2031

Active
Laurence Simillon

Director · since 21 juin 2024 · until 14 juin 2030

Active
Marc Gärtner

Director · since 21 juin 2024 · until 14 juin 2030

Active

Ended mandates

Axel Hugo Ceusters

Director · since 26 novembre 2019 · until 13 juin 2025

Ended
Axel Hugo Ceusters

Director · since 26 novembre 2019 · until 18 août 2025

Ended
Axel Hugo Ceusters

Director · since 26 novembre 2019 · until 13 juin 2025

Ended
Laurence Simillon

Director · since 23 juillet 2018 · until 14 juin 2024

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates26/09/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office13/11/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office28/07/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
    PDF
  • Mandates21/06/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/01/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/12/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other11/10/2018
    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

Timeline

  1. 2025
    Annual accounts 2025-37 k €↓
  2. 2024
    Annual accounts 2024350,2 k €↑
  3. 2023
    Annual accounts 2023312,9 k €↓
  4. 2023
    Name changeNewCort
  5. 2022
    Annual accounts 2022372,4 k €↑
  6. 2021
    Annual accounts 2021320,6 k €↓
  7. 2021
    Name changeNew-Cort
  8. 2019
    Annual accounts 2019917,3 k €↑
  9. 2018
    Annual accounts 2018831,5 k €↑
  10. 2017
    Annual accounts 2017800,4 k €↑
  11. 2016
    Annual accounts 2016672,7 k €↓
  12. 2015
    Annual accounts 2015735,8 k €↑
  13. 2014
    Annual accounts 2014209,1 k €↑
  14. 2013
    Annual accounts 2013-5,5 k €↑
  15. 2012
    Annual accounts 2012-378,7 k €↑
  16. 2011
    Annual accounts 2011-476,1 k €↑
  17. 2010
    Annual accounts 2010-747,1 k €↑
  18. 2009
    Annual accounts 2009-1,1 M €↓
  19. 2008
    Annual accounts 2008-773,1 k €↓
  20. 2007
    Annual accounts 2007189,2 k €↑
  21. 2006
    Annual accounts 2006-1,3 M €
  22. 29/12/2000
    IncorporationPublic limited company