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J. Cortès Cigars

Active
Public limited companyfounded 1968active for 58 yearsPannenbakkersstraat(M) 1, 8552 Zwevegem, BelgiumKBO/BCE: BE 0405.450.102
Summary

J. Cortès Cigars has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52.8m and a net result of €2.8m. Equity has been stable since 2018 (±1.2% per year). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
J. Cortès CigarsActiveChecked score 95/100
Risk analysis ReportCompare

Overview

Official details

Source: KBO
Status
Active Normal situation
Activity
Manufacture of tobacco products NACE 12000and 1 other
Joint committees
200 Aanvullend Paritair Comité voor de bedienden
133 Paritair Comité voor het tabaksbedrijf · annual accounts 2025
Establishment units
2.004.461.151 8552 Zwevegem, since 01-09-1961
2.277.329.871 8610 Kortemark, since 26-06-2018and 2 others
Financial year end
31 December
Peppol
Reachable since 11-09-2025
Company details

Board and ownership

Board
  • EIGEN KWEEKManaging director · permanent representative Frederik VANDERMARLIERE
  • FIBONACCI SOLUTIONSDaily manager · permanent representative VANDENBROECK Nicolas
  • JOMINKADaily manager · permanent representative HAVERBEKE Joeri
and 1 other
Auditor
VRC BEDRIJFSREVISOREN
Shareholders
  • LE FUMOIR2025 annual accounts of LE FUMOIR
Holdings
Shares in 5 companies including Vandermarliere Cigar Family España SL and Vandermarliere Cigar Family Nederland BV
Board & ownership

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Turnover
€88.1m
▲ 3.4%
Profit
€2.8m
▲ 16×
Equity
€52.8m
▲ 20.2%
Total assets
€93.3m
▲ 2.4%
Employees on 31-12-2025
134
▲ 2.3%
Net result +1,486%: restructuring
Financials
Score breakdownraises riskLiquidity: current ratio 3.44, cash €370,900, halvedlowers riskSize: turnover €88.1m, 125.8 FTE, total assets €93.3mFounded in 1968Legal form: public limited companyShow the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 62% of all companies
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 82+9
equity 56.6% of total assets
Liquidity 43+3
short-term debt 22.5% · cash 0.4%
Profitability 66+2
return on assets 3.0%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3 companies, NACE 12, medium-sized)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.2%▲ +0.1 percentage points vs 06-2025highest value 08-2025: 0.1%▼ -0.1 percentage points vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €5,000,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.44 (2.69 in 2024), above the usual 1.5. Short-term debt is 22.5% and cash 0.4% of total assets. 43.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies). It does better than 72% of them on solvency, 47% on liquidity, 59% on profitability and 69% on growth.

The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: turnover €88.1m, 125.8 FTE, total assets €93.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1968
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Liquidity: current ratio 3.44, cash €370,900, halved
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
52 days early
2024
30 days early
2023
84 days early
2022
70 days early
2021
34 days early
2020
87 days early
2019
56 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

The company filed its last 7 accounts on average 59 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Result rose in 2025restructuring with LE FUMOIR ▲ 16× View
  • Positive: 2nd largest company by total assets in Zwevegem, Manufacturing sectorin the Checked rankings No. 2 View
  • Positive: 5 years of growth in a rowturnover 2025: €88.1m 5 years View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View

Recent changes

  1. · Gazette deed Capital increase of €6,043,470.75
  2. · Gazette deed 2 directors appointed, 2 directors resigning, 1 reappointedReappointments: Guido VANDERMARLIERE, BEDRIJFSREVISOR THIERRY VAN LOOCKE and VRC BEDRIJFSREVISOREN · Appointment: EIGEN KWEEK (director) · Permanent representatives: Frederik VANDERMARLIERE, Thierry Van Loocke and Steven T'Jollyn
  3. · Gazette deed Demerger: LE FUMOIR splits off to J. Cortès Cigars
All 33 events

Companies linked to J. Cortès Cigars

Comparable companies

These companies have the same main activity as J. Cortès Cigars: manufacture of tobacco products (NACE 12000). They are comparable in size and age: total assets between €21m and €181m, founded between 1960 and 2003.

CompanyTotal assetsTurnover
J. Cortès Cigars Zwevegem€93.3m€88.1m
SIFACO GROUP Manage€37.9m€35.0m
SCANDINAVIAN TOBACCO GROUP BELGIUM MANUFACTURING Westerlo€181.5m€160.1m
FLANDRIA - Tabak, sigaren en sigarettenfabriek Kruisem€35.3m€57.3m
TABAKSBEDRIJF STUBBE Zonnebeke€52.9m€28.2m
LANDEWYCK TOBACCO BELGIUM Braine-l'Alleud€20.7m€66.3m
TWIST Wetteren€26.2m€22.8m
Full comparison

Key facts about J. Cortès Cigars
What is the company number of J. Cortès Cigars?
The company number of J. Cortès Cigars is 0405.450.102. The VAT number is the same number with BE in front: BE 0405.450.102.
Where is J. Cortès Cigars based?
The registered office is at Pannenbakkersstraat(M) 1, 8552 Zwevegem.Company details
What does J. Cortès Cigars do?
According to the KBO register, the main activity is manufacture of tobacco products (NACE 12000).
What is the legal form of J. Cortès Cigars?
The legal form of J. Cortès Cigars is Public limited company (NV).
When was J. Cortès Cigars founded?
J. Cortès Cigars was founded on 01-01-1968.
Is J. Cortès Cigars still active?
Yes, J. Cortès Cigars is an active enterprise in the KBO register.
How many employees does J. Cortès Cigars have?
J. Cortès Cigars had an average of 125.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does J. Cortès Cigars fall under?
In its 2025 annual accounts, J. Cortès Cigars states joint committees 200 (Aanvullend Paritair Comité voor de bedienden) and 133 (Paritair Comité voor het tabaksbedrijf).
What is the turnover of J. Cortès Cigars?
The turnover of J. Cortès Cigars was €88.1m in financial year 2025, according to the filed annual accounts.
Is J. Cortès Cigars profitable?
In financial year 2025, J. Cortès Cigars made a profit of €2.8m.
Where can I find the annual accounts of J. Cortès Cigars?
J. Cortès Cigars filed 50 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of J. Cortès Cigars due?
J. Cortès Cigars must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

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