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CONCIPIENDI

Active
Public limited companyfounded 199036 yrs activeStokerijstraat 19, 2110 Wijnegem, BelgiumKBO/BCE: BE 0440.599.041
Summary

CONCIPIENDI has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €163,334 and a net result of €12,307. Equity is growing by ~6.7% per year across the filed fiscal years. Its solvency ranks better than 95% of 150 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
CONCIPIENDIActiveChecked score 88/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of dining room, living room, bedroom and bathroom furniture
NACE 31004NACE 31091NACE 36141
1 site
Size
€166,951total assets 2025
Equity
€163,334
Profit
€12,307
Financial health
88 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Parent
AXEL VERVOORDT HOLDING · 99.92%
Accounts 49 d early1 of 11 deeds read
Why 88- Sector Manufacture of furniture (NACE 31)- Liquidity: current ratio 1.17, cash €1,510, halved+ Founded in 1990+ Equity €163,334 (97.8% of total assets)Show the evidence

Checked score

Score 2025
88 / 100
Excellent
Probability in this band: under 0.55%
Better than 59% of its sector peers (NACE 31, micro)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 100=
equity 97.8% of total assets
Liquidity 51+2
short-term debt 2.1% · cash 0.9%
Profitability 56+5
return on assets 7.4%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (826 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● 0.0% vs 11-2024 01-2025: 0.2%▼ -0.8% vs 12-2024 02-2025: 0.2%● 0.0% vs 01-2025 03-2025: 0.2%● 0.0% vs 02-2025 04-2025: 0.3%▲ +9.6% vs 03-2025 05-2025: 0.3%▲ +5.5% vs 04-2025 06-2025: 0.3%▼ -2.4% vs 05-2025 07-2025: 0.4%▲ +46.8% vs 06-2025 08-2025: 0.3%▼ -37.4% vs 07-2025 09-2025: 0.3%● 0.0% vs 08-2025 10-2025: 0.3%● 0.0% vs 09-2025 11-2025: 0.3%● 0.0% vs 10-2025 12-2025: 0.3%● 0.0% vs 11-2025 01-2026: 0.3%▼ -0.8% vs 12-2025 02-2026: 0.3%● 0.0% vs 01-2026 03-2026: 0.3%● 0.0% vs 02-2026 04-2026: 0.3%▲ +9.7% vs 03-2026 05-2026: 0.3%▲ +5.3% vs 04-2026 06-2026: 0.3%▼ -2.4% vs 05-2026 07-2026: 0.3%▲ +11.0% vs 06-2026 08-2026: 0.5%▲ +66.1% vs 07-2026 09-2026: 0.7%▲ +24.7% vs 08-2026highest value 10-2026: 0.2%▼ -62.7% vs 09-2026lowest value
  • Sector Manufacture of furniture (NACE 31) raises the probability
  • Founded in 1990 lowers the probability for this profile
  • Liquidity: current ratio 1.17, cash €1,510, halved raises the probability
  • Equity €163,334 (97.8% of total assets) lowers the probability
Credit up to €14,000 at 30 days acceptable
Liquidity tight (current ratio 1.17 against 0.58 in 2024; short-term debt: 2.1% and cash: 0.9% of total assets), and 2.2% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 31, micro). Better than this share of them on solvency 91%, liquidity 51%, profitability 37%, growth against the median 58%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Sector Manufacture of furniture (NACE 31)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Founded in 1990
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Liquidity: current ratio 1.17, cash €1,510, halved
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Equity €163,334 (97.8% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
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 12-06-2026, 49 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
49 d early
2024
20 d early
2023
37 d early
2022
45 d early
2021
73 d early
2020
36 d early
2019
12 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 35 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.

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. Usually files around 16 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · full…
  2. Permanent representatives: Truyen Pieter and Vervoordt…Power of attorney · Shareholding
  3. Highest result since 2018net €12,307 ▲25.2%

Key points

  • Positive: Among the best 6% on solvencysector median 43.1% · 150 companies 97.8% View
  • Positive: 8 profitable years in a rowprofit 2025: €12,307 8 years View
  • Controlled by AXEL VERVOORDT HOLDINGultimately: EMANDENDI 99.92% View
  • Positive: Always filed on timeaccounts within the deadline every year 6 years View

By topic

Financials

Fiscal year
2025
Total assets
€166,951
Profit
€12,307
Solvency
97.8%
Total assets▼ 6.5%
Net result
20182025
Go to Financials

Timeline

Events
16
Since
2017
Next accounts
by 31-07-2027
  1. 12-06-2026Annual accounts filed
  2. 13-05-2026Permanent representatives: Truyen Pieter and Vervoordt Boris
  3. 31-12-2025Highest result since 2018
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of dining room, living room, bedroom and…NACE 31004
Founded
28-05-1990
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check Which other companies belong to the same group?EMANDENDI · 18 companies How does this company compare with its sector?Sector benchmark

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