CONCOORD
ActiveFrom the official registers: KBO 33 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
CONCOORD has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,361 and a net result of €126,129. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 9% of 829 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Financials · financial year 2025, full format
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 12-06-2026
- Format
- full format
- Reference
- 2026-00156365
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 36% lower than in 2024. It is the third fall in a row.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
- 2024 Total assets +91% on 2023. Capital increase of €402,827 (Official Gazette 01-02-2024).
Companies with the same profile, two years later
Historical observationIn July 2024, 2,613 companies had the same profile as CONCOORD has now. Two years later, 0.7% had gone bankrupt and 97.3% were still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
The bankruptcy probability of CONCOORD itself is higher: 1.1% within 12 months. It rests on far more data about CONCOORD than the profile alone.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,613 companies, not a prediction for CONCOORD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €0.9m | €2.4m | €1.9m | €2.0m | €2.7m | ▲ 34.4% |
| Turnover70 | - | - | - | €0.9m | €2.4m | €1.9m | €2.0m | €2.7m | ▲ 33.8% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €0.001m | -€0.001m | - | - | - | - |
| Other operating income74 | - | - | - | €0.004m | €0.02m | €0.02m | €0.01m | €0.03m | ▲ 137% |
| Operating charges60/66A | - | - | - | €0.9m | €2.1m | €1.6m | €1.8m | €2.6m | ▲ 42.5% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | - | - | €0.05m | - |
| Purchases600/8 | - | - | - | - | - | - | - | €0.06m | - |
| Change in stocks: decrease (increase)609 | - | - | - | - | - | - | - | -€0.006m | - |
| Services and other goods61 | - | - | - | €0.7m | €1.3m | €1.0m | €1.1m | €1.7m | ▲ 52.6% |
| Remuneration, social security and pensions62 | - | - | - | €0.3m | €0.8m | €0.7m | €0.7m | €0.8m | ▲ 17.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €0.002m | €0.02m | €0.02m | ▲ 47.4% |
| Other operating charges640/8 | - | - | - | €348 | €348 | €0.001m | €0.001m | €0.001m | ▼ 29.6% |
| Operating profit (loss)9901 | -€0.003m | -€0.002m | -€0.001m | €0.008m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 36.1% |
| Financial charges65/66B | - | - | - | €174 | €0.002m | €297 | €0.002m | €0.005m | ▲ 151% |
| Recurring financial charges65 | €197 | €135 | €156 | €174 | €0.002m | €297 | €0.002m | €0.005m | ▲ 151% |
| Debt charges650 | - | - | - | - | - | - | €0.001m | €0.004m | ▲ 209% |
| Other financial charges652/9 | - | - | - | €174 | €0.002m | €297 | €0.001m | €0.001m | ▲ 17.2% |
| Profit (loss) for the period before taxes9903 | -€0.003m | -€0.002m | -€0.002m | €0.008m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 37.8% |
| Income taxes67/77 | - | - | - | - | - | €381 | €231 | €475 | ▲ 106% |
| Taxes670/3 | - | - | - | - | - | €381 | €231 | €475 | ▲ 106% |
| Profit (loss) for the period9904 | -€0.003m | -€0.002m | -€0.002m | €0.008m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 38.0% |
| Profit (loss) for the period to be appropriated9905 | -€0.003m | -€0.002m | -€0.002m | €0.008m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 38.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.2m | €0.2m | €0.2m | €1.2m | €1.2m | €0.7m | €1.3m | €0.9m | ▼ 35.3% |
| Fixed assets21/28 | - | - | - | - | - | €0.04m | €0.06m | €0.05m | ▼ 21.4% |
| Tangible fixed assets22/27 | - | - | - | - | - | €0.04m | €0.06m | €0.05m | ▼ 21.4% |
| Plant, machinery and equipment23 | - | - | - | - | - | €0.005m | €0.01m | €0.007m | ▼ 42.8% |
| Furniture and vehicles24 | - | - | - | - | - | €0.03m | €0.05m | €0.04m | ▼ 16.0% |
| Current assets29/58 | €0.2m | €0.2m | €0.2m | €1.2m | €1.2m | €0.7m | €1.3m | €0.8m | ▼ 35.9% |
| Stocks and contracts in progress3 | - | - | - | €0.001m | - | €0.005m | €0.004m | €0.01m | ▲ 130% |
| Stocks30/36 | - | - | - | - | - | €0.005m | €0.004m | €0.01m | ▲ 130% |
| Raw materials and consumables30/31 | - | - | - | - | - | €0.005m | €0.004m | €0.01m | ▲ 130% |
| Contracts in progress37 | - | - | - | €0.001m | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.2m | €1.1m | €1.1m | €0.6m | €1.3m | €0.8m | ▼ 36.7% |
| Trade receivables40 | - | - | - | €1.1m | €1.1m | €0.6m | €1.3m | €0.8m | ▼ 38.2% |
| Other amounts receivable41 | - | - | - | €0.007m | €0.004m | €0.03m | €0.007m | €0.02m | ▲ 209% |
| Cash at bank and in hand54/58 | €0.01m | €0.01m | €0.01m | €0.05m | €0.05m | €0.08m | €0.009m | €0.009m | ▼ 3.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.2m | €0.2m | €0.2m | €1.2m | €1.2m | €0.7m | €1.3m | €0.9m | ▼ 35.3% |
| Equity10/15 | -€0.006m | -€0.008m | -€0.009m | -€0.001m | €0.08m | €0.09m | €0.09m | €0.09m | ▼ 4.2% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | €0.02m | €0.02m | €0.02m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.001m | €0.001m | €0.02m | €0.02m | €0.02m | = |
| Profit (loss) carried forward14 | -€0.08m | -€0.08m | -€0.08m | -€0.07m | €0.009m | €0.005m | €0.008m | €0.005m | ▼ 45.6% |
| Amounts payable17/49 | €0.2m | €0.2m | €0.2m | €1.2m | €1.1m | €0.6m | €1.2m | €0.8m | ▼ 37.6% |
| Amounts payable after more than one year17 | - | - | - | - | - | €0.03m | €0.02m | €0.01m | ▼ 31.9% |
| Financial debts170/4 | - | - | - | - | - | €0.03m | €0.02m | €0.01m | ▼ 31.9% |
| Credit institutions173 | - | - | - | - | - | €0.03m | €0.02m | €0.01m | ▼ 31.9% |
| Amounts payable within one year42/48 | €0.2m | €0.2m | €0.2m | €1.2m | €1.1m | €0.6m | €1.2m | €0.8m | ▼ 37.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.006m | €0.006m | €0.007m | ▲ 4.3% |
| Trade debts44 | €95 | - | - | €0.5m | €0.8m | €0.08m | €0.7m | €0.5m | ▼ 24.0% |
| Suppliers440/4 | - | - | - | €0.5m | €0.8m | €0.08m | €0.7m | €0.5m | ▼ 24.0% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €0.03m | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.1m | €0.08m | €0.04m | €0.09m | ▲ 101% |
| Taxes450/3 | - | - | - | - | €0.004m | €0.008m | €231 | €0.007m | ▲ 30× |
| Remuneration and social security454/9 | - | - | - | €0.06m | €0.1m | €0.07m | €0.04m | €0.08m | ▲ 85.6% |
| Other amounts payable47/48 | - | - | - | €0.6m | €0.2m | €0.4m | €0.4m | €0.1m | ▼ 69.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,189 | -€1,739 | -€1,517 | €8,232 | €279,532 | €235,252 | €203,365 | €126,129 | ▼ 38.0% |
| + Depreciation and write-downs630 | - | - | - | - | - | €1,611 | €16,305 | €24,041 | ▲ 47.4% |
| Operating cash flow (approximation) | -€3,189 | -€1,739 | -€1,517 | €8,232 | €279,532 | €236,863 | €219,670 | €150,170 | ▼ 31.6% |
| Investment in fixed assets (approximation) | - | - | - | - | - | - | -€38,582 | -€11,320 | ▲ 70.7% |
| Change in cash | - | €218 | -€1,685 | €36,867 | -€3,364 | €30,392 | -€66,855 | -€322 | ▲ 99.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 12-06-2026 | 2026-00156365 | |
| 31-12-2024 | full format | 26-06-2025 | 2025-00191135 | |
| 31-12-2023 | full format | 20-06-2024 | 2024-00166302 | |
| 31-12-2022 | full format | 06-07-2023 | 2023-00214741 | |
| 31-12-2021 | full format | 22-08-2022 | 2022-20308440 | |
| 31-12-2020 | full format | 01-07-2021 | 2021-29400506 | |
| 31-12-2019 | full format | 11-06-2020 | 2020-16300535 | |
| 31-12-2018 | full format | 05-07-2019 | 2019-30500263 | |
| 31-12-2017 | full format | 14-06-2018 | 2018-18900500 | |
| 31-12-2016 | full format | 31-07-2017 | 2017-39400179 |
Comparable companies
These companies have the same main activity as CONCOORD: manufacture of metal structures and parts of structures (NACE 25110). They are comparable in size and age: total assets between €411,000 and €1.7m, founded between 1974 and 2003.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| CONCOORD Ciney | 1992 | €0.9m | €0.09m | - | €2.7m | €0.1m | 12 | 2025 |
| F.C.M. CLARINVAL Bièvre | 1994 | €0.7m | €0.4m | €1.0m | €1.2m | €0.02m | 15.3 | 2025 |
| GIJMACON ALUMINIUM CONSTRUCTIES Opglabbeek | 1997 | €1.7m | €1.0m | - | €3.6m | €0.01m | 18.2 | 2025 |
| SOUDOMECA INDUSTRIES Doische | 2003 | €1.6m | €0.7m | €0.6m | €2.0m | -€0.1m | 7 | 2025 |
| ROBBY Deinze | 1974 | €1.1m | €0.5m | - | €1.2m | -€0.06m | 8.3 | 2025 |
| DURJAU EXPLOITATION Walhain | 1994 | €0.4m | €0.3m | €0.6m | €0.9m | €0.01m | 9.7 | 2025 |
| CONTAINER & MACHINE REPAIR Temse | 1999 | €0.4m | €0.2m | - | €2.0m | €0.08m | 24.4 | 2025 |
They were chosen from the 2,093 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.