CO.RE.DON
ActiveSummary
CO.RE.DON has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €100k and a net result of €47k. Equity is growing by ~45.9% per year across the filed fiscal years. Its solvency ranks better than 24% of 3121 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▲+3
Solvency33▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.14 in 2024; short-term debt: 66.9% and cash: 2.2% of total assets), and 91.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Sector 01
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.3%
Return on assets
3.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 3121 sector peers (2025).
NBB · sector comparisonPosition among 3121 sector peers
Solvency
better than 24%
← weakest
strongest →
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 15-07-2026, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
16 d early
2024
349 d late
2023
5 d early
1992
100 d early
1991
58 d early
1990
134 d early
1989
105 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€278k▼ 10.0%
2024 · €309k
2024: €309k
2024 → 2025
EBIT margin
24.9%▲ 22.9pp
2024 · 1.9%
2024: 1.9%
2024 → 2025
Net result
€47k▲ 3,154%
2024 · €1k
2023: €-1k
2024: €1k
2023 → 2025
Working capital
€-540k▼ 1.6%
2024 · €-531k
2023: €-425k
2024: €-531k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Turnover€309k€278k▼ 10.0%
Equity€51k-€53k▲ 2.8%€100k▲ 89.0%
Operating result€-461-€6k€69k▲ 1,057%
Net result€-1k-€1k€47k▲ 3,154%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 1,057% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.20M
Fixed assets
€938k ▲ 41.7%
Current assets
€264k ▲ 206%
Equity and liabilities €1.20M
Equity
€100k ▲ 89.0%
Provisions
€18k
Debt
€1.08M ▲ 55.9%
Debt's share of the balance-sheet total falls from 92.9% to 90.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€223k▲
2024 · €129k
Cash flow
€201k▲
2024 · €124k
Current ratio
0.33▲
2024 · 0.14
Debt to equity
10.87▼
2024 · 13.18
ROE
47.1%▲
2024 · 2.7%
ROA
3.9%▲
2024 · 0.2%
Interest coverage
46.30▲
2024 · 27.50
Debt ≤ 1 year
€803k▲
2024 · €618k
Debt > 1 year
€281k▲
2024 · €78k
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 · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€748k€1.20M▲
Fixed assets21/28€662k€938k▲
Tangible fixed assets22/27€662k€938k▲
Plant, machinery and equipment23€193k€372k▲
Furniture and vehicles24€468k€565k▲
Current assets29/58€86k€264k▲
Amounts receivable within one year40/41€44k€237k▲
Trade receivables40€34k€120k▲
Other amounts receivable41€10k€117k▲
Cash at bank and in hand54/58€42k€27k▼
Equity and liabilities
Total equity and liabilities10/49€748k€1.20M▲
Equity10/15€53k€100k▲
Contributions10/11€19k€19k=
Reserves13€9k€62k▲
Non-distributable reserves130/1€9k€2k▼
Reserves not available under the articles1311€2k-
Own shares acquired1312-€2k
Financial assistance1313€7k-
Tax-exempt reserves132-€53k
Distributable reserves133-€7k
Profit (loss) carried forward14€25k€19k▼
Provisions and deferred taxes16-€18k
Provisions for liabilities and charges160/5-€18k
Taxes161-€18k
Amounts payable17/49€695k€1.08M▲
Amounts payable after more than one year17€78k€281k▲
Financial debts170/4€78k€281k▲
Amounts payable within one year42/48€618k€803k▲
Current portion of amounts payable after more than one year42€28k€47k▲
Trade debts44€7k€5k▼
Suppliers440/4€7k€5k▼
Taxes, remuneration and social security45-€102k
Taxes450/3-€102k
Other amounts payable47/48€582k€649k▲
Income statement
Code20242025
Turnover70€309k€278k▼
Goods, raw materials, services and sundry goods60/61€179k€148k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€123k€154k▲
Other operating charges640/8€925€953▲
Gross operating margin9900€129k€224k▲
Operating profit (loss)9901€6k€69k▲
Financial income75/76B€145€176▲
Recurring financial income75€145€176▲
Financial charges65/66B€5k€5k▲
Recurring financial charges65€5k€5k▲
Profit (loss) for the period before taxes9903€1k€64k▲
Transfer from deferred taxes780-€1k
Transfer to deferred taxes680-€19k
Profit (loss) for the period9904€1k€47k▲
Transfer from tax-exempt reserves789-€4k
Transfer to tax-exempt reserves689-€56k
Profit (loss) for the period to be appropriated9905€1k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€25k€-6k▼
Profit (loss) brought forward from the previous period14P€23k-
Transfer from equity791/2-€25k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 349 days late
2025
31-12
Financial
Highest result since 2023net €47k ▲3154%
Operating result €69k, net result €47k, both a record.
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
1992
23-10
NBB filing
Annual accounts filed
fiscal year 1992 · full schema
1991
04-12
NBB filing
Annual accounts filed
fiscal year 1991 · full schema
1990
19-09
NBB filing
Annual accounts filed
fiscal year 1990 · full schema
1989
18-10
NBB filing
Annual accounts filed
fiscal year 1989 · full schema
06-06
NBB filing
Annual accounts filed
fiscal year 1988 · full schema · 126 days late
1987
09-10
NBB filing
Annual accounts filed
fiscal year 1987 · full schema
1986
09-10
NBB filing
Annual accounts filed
fiscal year 1986 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Thuin · 2 establishment units since 1985
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.
Rue de la Garenne(THL) 16536 ThuinGround area
8,604 m²
Building footprint
292 m²
Volume, LiDAR
684 m³
2 parcels, Wallonia · tallest building 8.9 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
CO.RE.DON
since 19852.026.983.561
CO.RE.DON
since 20172.266.791.218
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56019B0037/00K000 | Wallonia | 8,357 m² | 1 · 198 m² | - |
| 56077D0538/00R000 | Wallonia | 247 m² | 1 · 94 m² | 8.9 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
HOEVE MATTES
BE 1031.082.482
Alken · Eq €100,000
ASBRONHOEVE
BE 0875.649.385
Halen · Eq €100,298
MARTIN PAULY J.
BE 0476.192.794
Tongeren-Borgloon · Eq €98,782
AGRI DANIEL
BE 0865.520.904
Mons · Eq €98,232
PLANTAGE
BE 0841.451.838
Rumst · Eq €98,173
Of 5,167 companies in sector 01110 we hold annual accounts for 612. 447 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 formCooperative company
Founded30-04-1985
Fiscal year end31-12
Activities, NACEBEL 2025
01110Growing of cereals (except rice), leguminous crops and oil seeds
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.