ACTIVE

CORTEX-Formation

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Financial year 2025 · closed on 31/12/2025
Net result
20,2 k €
+211.4% YoY
Gross margin
45,1 k €
+1049441.9% YoY
Equity
72,0 k €
+39.0% YoY

What does CORTEX-Formation do?

CORTEX-Formation is a Private limited company incorporated in 2018. Its main activity is: Other education n.e.c.. Its registered office is in Waremme.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0691.784.501
Incorporation
06/03/2018
Legal form
Private limited company
Registered office
Rue de Wachnet 8
4300 Waremme · WallonieSee on map
Contributed capital
6 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
85592Other education n.e.c.· main85592Other education n.e.c.90029Support activities to performing arts90399Creative, arts and entertainment activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin45,1 k €-4,3 €6,0 k €56,2 k €67,3 k €34,2 k €70,8 k €28,0 k €
EBITDA44,5 k €-1,2 k €3,3 k €55,8 k €67,0 k €33,9 k €70,5 k €25,1 k €
Operating result26,8 k €-15,3 k €-5,1 k €55,3 k €60,9 k €28,2 k €64,9 k €19,5 k €
Net result20,2 k €-18,1 k €-6,4 k €39,9 k €46,9 k €21,4 k €50,2 k €14,2 k €
Balance sheet
Equity72,0 k €51,8 k €69,9 k €76,3 k €36,4 k €29,5 k €70,6 k €20,4 k €
Total assets127,7 k €123,2 k €151,1 k €145,9 k €103,2 k €76,3 k €112,2 k €67,0 k €
Cash19,1 k €12,4 k €45,1 k €68,7 k €43,7 k €36,9 k €40,4 k €11,2 k €
Debts55,7 k €71,4 k €81,2 k €69,6 k €66,8 k €46,8 k €41,6 k €46,5 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 4 ended

Active mandates

Eric HENRARD

Mandate

Active
Vincent BURON

Mandate

Active

Ended mandates

Eric HENRARD

Manager · since 04 août 2022 · until 04 août 2022

Ended
Vincent BURON

Manager · since 04 août 2022 · until 04 août 2022

Ended
Eric HENRARD

Manager

Ended
Vincent BURON

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date29/08/202623/08/202517/08/202426/08/202304/08/202228/08/2021
General meeting25/06/202626/06/202527/06/202426/06/202330/06/202224/06/2021
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202525/06/202629/08/2026FrenchPDF
Micro model31/12/202426/06/202523/08/2025FrenchPDF
Micro model31/12/202327/06/202417/08/2024FrenchPDF
Micro model31/12/202226/06/202326/08/2023FrenchPDF
Micro model31/12/202130/06/202204/08/2022FrenchPDF
Micro model31/12/202024/06/202128/08/2021FrenchPDF
Micro model31/12/201925/06/202012/09/2020FrenchPDF
Micro model31/12/201827/06/201915/07/2019FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 · 4 ended

Active mandates

Eric HENRARD

Mandate

Active
Vincent BURON

Mandate

Active

Ended mandates

Eric HENRARD

Manager · since 04 août 2022 · until 04 août 2022

Ended
Vincent BURON

Manager · since 04 août 2022 · until 04 août 2022

Ended
Eric HENRARD

Manager

Ended
Vincent BURON

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates08/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office28/06/2021
    SIEGE SOCIAL
    PDF
  • Other08/03/2018
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 202520,2 k €↑
  2. 2024
    Annual accounts 2024-18,1 k €↓
  3. 2023
    Annual accounts 2023-6,4 k €↓
  4. 2022
    Annual accounts 202239,9 k €↓
  5. 2021
    Annual accounts 202146,9 k €↑
  6. 2020
    Annual accounts 202021,4 k €↓
  7. 2019
    Annual accounts 201950,2 k €↑
  8. 2018
    Annual accounts 201814,2 k €
  9. 06/03/2018
    IncorporationPrivate limited company