ACTIVE

CORTIBEL

Export PDF

Financial year 2025 · closed on 31/12/2025

Net result

33,4 k €

-20.2% YoY

Gross margin

762,7 k €

+19.3% YoY

Equity

5,6 M €

+0.7% YoY

Workforce

2,1 ETP

What does CORTIBEL do?

CORTIBEL is a Cooperative society incorporated in 2010. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Neupré. It employs on average 2,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0823.126.162

Incorporation

12/02/2010

Legal form

Cooperative society

Registered office

Rue Bellaire(RR) 13
4120 Neupré · WallonieSee on map

Contributed capital

3 683 025,00 €

Latest accounts

31/12/2025

Average workforce

2,1 ETP

Activities (NACE)

68201Rental and operating of own or leased real estate· main 68201Rental and operating of own or leased real estate 68321Management of real estate on a fee or contract basis 68322Management of real estate on a fee or contract basis

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010
Income statement
Gross margin	762,7 k €	+19.3%	639,3 k €	+17.5%	544 k €	+12.9%	481,9 k €	+42.3%	338,6 k €	+23.7%	273,8 k €	+36.8%	200,2 k €	+32.0%	151,6 k €	+13.4%	133,7 k €	+21.4%	110,1 k €	+14.7%	96,1 k €	+23.7%	77,7 k €	-13.6%	89,9 k €	+46.7%	61,3 k €	+111%	29,1 k €	+649%	-5,3 k €
EBITDA	586,7 k €	+26.4%	464,2 k €	+10.5%	420,1 k €	+10.7%	379,6 k €	+53.5%	247,3 k €	+21.0%	204,4 k €	+9.5%	186,7 k €	+41.9%	131,6 k €	+0.8%	130,5 k €	+30.5%	100 k €	+14.6%	87,3 k €	+24.4%	70,2 k €	-15.6%	83,1 k €	+52.8%	54,4 k €	+127%	23,9 k €	+397%	-8,1 k €
Operating result	141,2 k €	+189%	48,9 k €	+68.3%	29,1 k €	-68.0%	90,9 k €	+1.0%	90 k €	+79.1%	50,3 k €	+21.1%	41,5 k €	+74.5%	23,8 k €	-27.0%	32,6 k €	+832%	-4,5 k €	-192%	4,8 k €	+238%	-3,5 k €	-118%	19 k €	+442%	-5,6 k €	+81.1%	-29,4 k €	-265%	-8,1 k €
Net result	33,4 k €	-20.2%	41,8 k €	+168%	-61,6 k €	-914%	7,6 k €	-85.4%	51,8 k €	+1265%	3,8 k €	+194%	-4,1 k €	-196%	4,2 k €	-8.9%	4,6 k €	+114%	-34 k €	+7.7%	-36,9 k €	+12.8%	-42,3 k €	-247%	-12,2 k €	-77.5%	-6,9 k €	+82.5%	-39,3 k €	-179%	-14,1 k €
Balance sheet
Equity	5,6 M €	+0.7%	5,6 M €	+1.4%	5,5 M €	+5.9%	5,2 M €	+84.2%	2,8 M €	+10.8%	2,5 M €	+36.7%	1,9 M €	+16.4%	1,6 M €	+26.5%	1,3 M €	+29.9%	975,4 k €	+6.2%	918,5 k €	-3.9%	955,4 k €	-4.2%	997,6 k €	-1.2%	1 M €	-0.7%	1 M €	-3.7%	1,1 M €
Total assets	11,3 M €	+2.2%	11,1 M €	+1.2%	10,9 M €	+8.8%	10 M €	+57.1%	6,4 M €	+14.9%	5,6 M €	+27.5%	4,4 M €	+18.6%	3,7 M €	+25.8%	2,9 M €	+20.1%	2,4 M €	+2.0%	2,4 M €	+7.2%	2,2 M €	+6.3%	2,1 M €	+4.9%	2 M €	+34.1%	1,5 M €	+13.1%	1,3 M €
Cash	285,5 k €	-16.4%	341,4 k €	-13.0%	392,6 k €	+369%	83,7 k €	-61.6%	217,8 k €	+3043%	6,9 k €		–		–		59,6 k €	+824%	6,5 k €	-93.2%	95,3 k €	+538%	14,9 k €	-55.6%	33,6 k €	+139%	14,1 k €	-35.9%	22 k €	-42.2%	38 k €
Debts	5,6 M €	+4.5%	5,4 M €	-0.3%	5,4 M €	+11.9%	4,8 M €	+35.7%	3,6 M €	+18.4%	3 M €	+20.6%	2,5 M €	+20.3%	2,1 M €	+25.3%	1,7 M €	+13.6%	1,5 M €	-0.6%	1,5 M €	+15.5%	1,3 M €	+16.5%	1,1 M €	+10.4%	987,8 k €	+109%	472,4 k €	+80.7%	261,5 k €
Other
Workforce	2,1 ETP		–		–		–		–		0,7 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 · 8 active · 26 ended

Active mandates

Edouard DAVID

Director

Active

Giuseppina LEONARDI

Director

Active

Hervé SAMYN

Director

Active

Olivier MATZ

Director

Active

Pierre DAVID

Director

Active

Siaka KONATE

Director

Active

Sophie LENAERTS

Director

Active

W.ALTER

Director · 0455.653.441

Represented by David BASTIN

Active

Ended mandates

Edouard DAVID

Director · since 05 mai 2025 · until 04 mai 2030

Ended

Hervé SAMYN

Managing director · since 05 mai 2025 · until 04 mai 2030

Ended

Joséphine LEONARDI

Director · since 05 mai 2025 · until 04 mai 2030

Ended

Olivier MATZ

Director · since 05 mai 2025 · until 04 mai 2030

Ended

At this address

Other companies at this address

Company	CBE no.
CORTI'TREIZE● Active	0671.961.560
GROUPE CORTIL● Active	0808.594.077
LE CORTIL● Active	0426.603.327
MaplSoft● Active	1001.477.983
NEUPRE CONNECTING JOBS● Active	0894.421.954
NEUPRE NET SERVICES● Active	0864.242.482

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Micro model	Micro model	Micro model	Abridged 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	30/06/2026	29/04/2026	31/07/2024	04/09/2023	18/10/2022	09/05/2022
General meeting	04/05/2026	05/05/2025	05/06/2024	02/05/2023	02/05/2022	03/05/2021
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

17 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/05/2026	30/06/2026	French	PDF
Abridged modelCorrection	31/12/2024	05/05/2025	29/04/2026	French	PDF
Abridged model	31/12/2024	05/05/2025	30/07/2025	French	PDF
Micro model	31/12/2023	05/06/2024	31/07/2024	French	PDF
Micro model	31/12/2022	02/05/2023	04/09/2023	French	PDF
Micro model	31/12/2021	02/05/2022	18/10/2022	French	PDF
Abridged model	31/12/2020	03/05/2021	09/05/2022	French	PDF
Abridged model	31/12/2019	22/06/2020	31/08/2020	French	PDF
Abridged model	31/12/2018	17/06/2019	29/08/2019	French	PDF
Abridged model	31/12/2017	11/05/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	12/06/2017	07/07/2017	French	PDF
Abridged model	31/12/2015	22/06/2016	09/08/2016	French	PDF
Abridged model	31/12/2014	11/05/2015	27/07/2015	French	PDF
Abridged model	31/12/2013	03/06/2014	08/07/2014	French	PDF
Abridged model	31/12/2012	06/05/2013	12/08/2013	French	PDF
Abridged model	31/12/2011	11/06/2012	27/07/2012	French	PDF
Abridged model	31/12/2010	30/05/2011	12/09/2011	French	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 · 8 active · 26 ended

Active mandates

Edouard DAVID

Director

Active

Giuseppina LEONARDI

Director

Active

Hervé SAMYN

Director

Active

Olivier MATZ

Director

Active

Pierre DAVID

Director

Active

Siaka KONATE

Director

Active

Sophie LENAERTS

Director

Active

W.ALTER

Director · 0455.653.441

Represented by David BASTIN

Active

Ended mandates

Edouard DAVID

Director · since 05 mai 2025 · until 04 mai 2030

Ended

Hervé SAMYN

Managing director · since 05 mai 2025 · until 04 mai 2030

Ended

Joséphine LEONARDI

Director · since 05 mai 2025 · until 04 mai 2030

Ended

Olivier MATZ

Director · since 05 mai 2025 · until 04 mai 2030

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2025
DEMISSIONS, NOMINATIONS
PDF
Restructuring11/01/2023
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring17/11/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring18/10/2022
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...) - DIVERS
PDF
Capital / shares05/09/2022
CAPITAL, ACTIONS
PDF
Capital / shares27/07/2022
CAPITAL, ACTIONS
PDF
Other11/07/2022
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - OBJET
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 202533,4 k €↓
2024
Annual accounts 202441,8 k €↑
2023
Annual accounts 2023-61,6 k €↓
2022
Annual accounts 20227,6 k €↓
2021
Annual accounts 202151,8 k €↑
2020
Annual accounts 20203,8 k €↑
2019
Annual accounts 2019-4,1 k €↓
2018
Annual accounts 20184,2 k €↓
2017
Annual accounts 20174,6 k €↑
2016
Annual accounts 2016-34 k €↑
2015
Annual accounts 2015-36,9 k €↑
2014
Annual accounts 2014-42,3 k €↓
2013
Annual accounts 2013-12,2 k €↓
2012
Annual accounts 2012-6,9 k €↑
2011
Annual accounts 2011-39,3 k €↓
2010
Annual accounts 2010-14,1 k €
12/02/2010
IncorporationCooperative society

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

CORTIBEL

Overview

What does CORTIBEL do?

Trend over 16 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