BOUWONDERNEMING CORDIER
ActiveSummary
BOUWONDERNEMING CORDIER has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €127k and a net result of €-10k. Equity is growing by ~4.9% per year across the filed fiscal years. Its solvency ranks better than 84% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability29▼-47
Solvency100▲+6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 6.78 against 5.21 in 2023; short-term debt: 10.5% and cash: 20.1% of total assets), and 24.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
75.5%
Return on assets
-6.2%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-06-2025, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
51 d early
2023
37 d early
2022
47 d early
2021
47 d early
2020
50 d early
2019
4 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€127k▼ 7.6%
2023 · €138k
2018: €103k
2019: €108k
2020: €119k
2021: €129k
2022: €126k
2023: €138k
2018 → 2024
Total assets
€169k▼ 15.7%
2023 · €200k
2018: €118k
2019: €112k
2020: €138k
2021: €149k
2022: €145k
2023: €200k
2018 → 2024
Net result
€-10k
2023 · €11k
2018: €825
2019: €5k
2020: €11k
2021: €10k
2022: €-3k
2023: €11k
2018 → 2024
Working capital
€102k▼ 9.8%
2023 · €113k
2018: €100k
2019: €108k
2020: €118k
2021: €129k
2022: €122k
2023: €113k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€119k-€129k▲ 8.3%€126k▼ 1.9%€138k▲ 8.8%€127k▼ 7.6%
Operating result€14k-€14k▲ 0.9%€-2k€16k€-8k
Net result€11k-€10k▼ 13.3%€-3k€11k€-10k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €8k after €16k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €169k
Fixed assets
€49k ▼ 18.7%
Current assets
€119k ▼ 14.5%
Equity and liabilities €169k
Equity
€127k ▼ 7.6%
Debt
€41k ▼ 33.8%
Debt's share of the balance-sheet total falls from 31.2% to 24.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€4k▼
2023 · €20k
Cash flow
€2k▼
2023 · €16k
Current ratio
6.78▲
2023 · 5.21
Quick ratio
6.58▲
2023 · 5.08
Debt to equity
0.32▼
2023 · 0.45
ROE
-8.2%▼
2023 · 8.1%
ROA
-6.2%▼
2023 · 5.6%
Interest coverage
2.21▼
2023 · 26.41
Debt ≤ 1 year
€18k▼
2023 · €27k
Debt > 1 year
€23k▼
2023 · €35k
Income taxes
€113▼
2023 · €4k
Staff costs
€13k▼
2023 · €25k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€200k€169k▼
Fixed assets21/28€60k€49k▼
Tangible fixed assets22/27€60k€49k▼
Plant, machinery and equipment23€292€42▼
Furniture and vehicles24€56k€45k▼
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€134€134=
Current assets29/58€140k€119k▼
Stocks and contracts in progress3€4k€4k=
Stocks30/36€4k€4k=
Amounts receivable within one year40/41€66k€64k▼
Trade receivables40€19k€19k▲
Other amounts receivable41€47k€45k▼
Cash at bank and in hand54/58€54k€34k▼
Deferred charges and accrued income490/1€17k€18k▲
Equity and liabilities
Total equity and liabilities10/49€200k€169k▼
Equity10/15€138k€127k▼
Contributions10/11€75k€75k=
Reserves13€26k€26k=
Distributable reserves133€26k€26k=
Profit (loss) carried forward14€38k€27k▼
Amounts payable17/49€62k€41k▼
Amounts payable after more than one year17€35k€23k▼
Financial debts170/4€35k€23k▼
Amounts payable within one year42/48€27k€18k▼
Current portion of amounts payable after more than one year42€11k€12k▲
Trade debts44€12k€3k▼
Suppliers440/4€12k€3k▼
Taxes, remuneration and social security45€4k€3k▼
Taxes450/3€3k€3k▼
Remuneration and social security454/9€1k-
Accrued charges and deferred income492/3€1k€1k=
Income statement
Code20232024
Non-recurring operating income76A-€5k
Remuneration, social security and pensions62€25k€13k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€13k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€47k€19k▼
Operating profit (loss)9901€16k€-8k▼
Financial income75/76B€320€153▼
Recurring financial income75€320€153▼
Financial charges65/66B€769€2k▲
Recurring financial charges65€769€2k▲
Profit (loss) for the period before taxes9903€16k€-10k▼
Income taxes67/77€4k€113▼
Profit (loss) for the period9904€11k€-10k▼
Profit (loss) for the period to be appropriated9905€11k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€49k€27k▼
Profit (loss) brought forward from the previous period14P€38k€38k=
Transfer to equity691/2€11k-
To other reserves6921€11k-
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-10k ▼193%
Net result drops to €-10k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €11k
Net result €11k after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €11k ▲131%
Net result €11k, the highest in the series.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 31.15
Current ratio from 7.77 to 31.15; short-term debt falls from €15k to €4k.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
06-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Ternat · 1 establishment unit since 2003
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Groenstraat 91740 TernatGround area
602 m²
Building footprint
157 m²
Volume, LiDAR
459 m³
Parcel 23086B0015/00D000, Flanders · tallest building 6.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
BOUWONDERNEMING CORDIER
since 20032.131.631.220
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23086B0015/00D000 | Flanders | 602 m² | 1 · 157 m² | 6.3 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BUILD RENOV CONCEPT
BE 0515.957.351
Wemmel · Eq €127,235
Masterénovation
BE 1004.684.725
Zaventem · Eq €127,239
PERSE
BE 0736.963.438
Kruisem · Eq €127,219
BUILD ECO
BE 0654.880.553
Elsene · Eq €127,213
Pierret Construction
BE 0801.039.559
Neufchâteau · Eq €127,266
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 12,885 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-04-2003
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43910Bricklaying and masonry work
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.