ACTIVE

CORTEX

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Financial year 2024 · closed on 31/03/2024
Net result
15,1 k €
+1367.7% YoY
Gross margin
55,5 k €
+32.2% YoY
Equity
63,5 k €
+31.2% YoY

What does CORTEX do?

CORTEX is a Private company with limited liability incorporated in 2012. Its main activity is: Management consultancy activities. Its registered office is in Manage.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0844.194.265
Incorporation
06/03/2012
Legal form
Private company with limited liability
Registered office
Rue de la Paix 23
7170 Manage · WallonieSee on map
Contributed capital
20 000,00 €
Latest accounts
31/03/2024
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities
Joint committees (1)
  • 218
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20242023202220212020201920172016201520142013
Income statement
Gross margin55,5 k €42,0 k €67,3 k €69,5 k €76,4 k €133,0 k €86,8 k €92,7 k €97,0 k €94,5 k €130,5 k €
EBITDA46,2 k €35,8 k €61,8 k €68,5 k €70,2 k €115,7 k €26,1 k €31,1 k €40,1 k €38,0 k €65,2 k €
Operating result31,5 k €20,2 k €44,3 k €51,6 k €52,0 k €64,9 k €7,3 k €12,9 k €13,6 k €23,1 k €13,6 k €
Net result15,1 k €1,0 k €25,4 k €40,6 k €40,0 k €36,0 k €-273,1 €11,5 k €627,2 €7,3 k €256,1 €
Balance sheet
Equity63,5 k €48,4 k €47,4 k €46,0 k €45,4 k €45,5 k €39,5 k €39,7 k €28,2 k €27,6 k €20,3 k €
Total assets399,5 k €318,3 k €357,5 k €389,6 k €375,4 k €351,9 k €374,9 k €382,0 k €361,8 k €286,7 k €292,9 k €
Cash122,0 k €18,5 k €12,9 k €36,6 k €35,0 k €3,8 k €15,1 k €35,8 k €2,3 k €25,4 k €26,1 k €
Debts330,1 k €263,6 k €305,5 k €338,8 k €323,8 k €298,0 k €327,9 k €334,6 k €332,2 k €257,7 k €271,3 k €
Other
Workforce–––––––1,0 ETP1,0 ETP1,0 ETP1,0 ETP
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 31/03/2024 · 1 active · 3 ended

Active mandates

QUENTIN CASSART

Managing director

Active

Ended mandates

Carl CASSART

Manager · since 31 mars 2014

Ended
Pierre CASSART

Manager · since 05 mars 2012 · until 31 mars 2014

Ended
Pierre CASSART

Manager · since 05 mars 2012

Ended
At this address

Other companies at this address

CompanyCBE no.
PATAMA● Active
0685.862.947
Annual accounts

Full financial information

202420232022202120202019
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/04/202301/04/202201/04/202101/04/202001/04/201901/07/2017
Closing of the financial year31/03/202431/03/202331/03/202231/03/202131/03/202031/03/2019
Length of the financial year12 months12 months12 months12 months12 months21 months
Filing date30/10/202407/03/202421/12/202221/12/202222/04/202204/05/2021
General meeting13/09/202408/09/202309/09/202210/09/202130/09/202030/09/2019
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

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/03/202413/09/202430/10/2024FrenchPDF
Micro model31/03/202308/09/202307/03/2024FrenchPDF
Micro model31/03/202209/09/202221/12/2022FrenchPDF
Micro model31/03/202110/09/202121/12/2022FrenchPDF
Micro model31/03/202030/09/202022/04/2022FrenchPDF
Micro model31/03/201930/09/201904/05/2021FrenchPDF
Micro model30/06/201729/12/201727/08/2018FrenchPDF
Abridged model30/06/201602/12/201613/01/2017FrenchPDF
Abridged model30/06/201504/12/201522/01/2016FrenchPDF
Abridged model30/06/201405/12/201430/12/2014FrenchPDF
Abridged model30/06/201306/12/201308/01/2014FrenchPDF
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 31/03/2024 · 1 active · 3 ended

Active mandates

QUENTIN CASSART

Managing director

Active

Ended mandates

Carl CASSART

Manager · since 31 mars 2014

Ended
Pierre CASSART

Manager · since 05 mars 2012 · until 31 mars 2014

Ended
Pierre CASSART

Manager · since 05 mars 2012

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates31/08/2018
    DEMISSIONS, NOMINATIONS - ANNEE COMPTABLE - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF
  • Mandates27/05/2014
    DEMISSIONS, NOMINATIONS
    PDF
  • Other16/03/2012
    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. 2024
    Annual accounts 202415,1 k €↑
  2. 2023
    Annual accounts 20231,0 k €↓
  3. 2022
    Annual accounts 202225,4 k €↓
  4. 2021
    Annual accounts 202140,6 k €↑
  5. 2020
    Annual accounts 202040,0 k €↑
  6. 2019
    Annual accounts 201936,0 k €↑
  7. 2017
    Annual accounts 2017-273,1 €↓
  8. 2016
    Annual accounts 201611,5 k €↑
  9. 2015
    Annual accounts 2015627,2 €↓
  10. 2014
    Annual accounts 20147,3 k €↑
  11. 2013
    Annual accounts 2013256,1 €
  12. 06/03/2012
    IncorporationPrivate company with limited liability