CONCOORD
ActiveSummary
CONCOORD has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,361 and a net result of €126,129. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 729 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Financials · fiscal year 2025, full schema
In the rankings
#8 oldest company in Ciney, Manufacturing sector
Turnover
€2.7m▲ 33.8%
2024 · €2.0m
EBIT margin
4.9%▼ 5.4pp
2024 · 10.3%
Net result
€126,129▼ 38.0%
2024 · €203,365
Working capital
€55,791▲ 4.1%
2024 · €53,589
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0.9m€2.4m▲ 160%€1.9m▼ 22.3%€2.0m▲ 7.5%€2.7m▲ 33.8%
Operating result€0.008m€0.3m▲ 3,248%€0.2m▼ 16.2%€0.2m▼ 12.9%€0.1m▼ 36.1%
Net result€0.008mwithin the sector's middle half€0.3mwithin the sector's middle half▲ 3,296%€0.2mwithin the sector's middle half▼ 15.8%€0.2mwithin the sector's middle half▼ 13.6%€0.1mwithin the sector's middle half▼ 38.0%
EBIT margin0.9%11.8%▲ 10.9pp12.7%▲ 0.9pp10.3%▼ 2.4pp4.9%▼ 5.4pp
Equity-€0.001mbelow the sector's middle half▲ 90.0%€0.08mbelow the sector's middle half€0.09mbelow the sector's middle half▲ 13.0%€0.09mbelow the sector's middle half▲ 3.8%€0.09mbelow the sector's middle half▼ 4.2%
Total assets€1.2mwithin the sector's middle half▲ 504%€1.2mwithin the sector's middle half▲ 2.7%€0.7mbelow the sector's middle half▼ 40.8%€1.3mwithin the sector's middle half▲ 91.2%€0.9mbelow the sector's middle half▼ 35.3%
Debt€1.2m▲ 477%€1.1m▼ 4.2%€0.6m▼ 44.6%€1.2m▲ 104%€0.8m▼ 37.6%
Working capital-€0.001mbelow the sector's middle half▲ 90.0%€0.08mbelow the sector's middle half€0.08mbelow the sector's middle half▲ 0.3%€0.05mbelow the sector's middle half▼ 32.1%€0.06mbelow the sector's middle half▲ 4.1%
Solvency-0.1%below the sector's middle half▲ 4.7pp6.6%below the sector's middle half▲ 6.7pp12.7%below the sector's middle half▲ 6.0pp6.9%below the sector's middle half▼ 5.8pp10.2%below the sector's middle half▲ 3.3pp
Current ratio1.00below the sector's middle half▲ 0.041.07below the sector's middle half▲ 0.071.13below the sector's middle half▲ 0.061.04below the sector's middle half▼ 0.091.07below the sector's middle half▲ 0.03
Return on assets (ROA)0.7%within the sector's middle half▲ 1.5pp23.6%above the sector's middle half▲ 22.9pp33.6%above the sector's middle half▲ 9.9pp15.2%above the sector's middle half▼ 18.4pp14.5%above the sector's middle half▼ 0.6pp
Staff (FTE)5.1below the sector's middle half11.6within the sector's middle half▲ 127%10.6within the sector's middle half▼ 8.6%10.5within the sector's middle half▼ 0.9%12within the sector's middle half▲ 14.3%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 36% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €867,141
Fixed assets
€46,736 ▼ 21.4%
Current assets
€820,405 ▼ 35.9%
Equity and liabilities €867,141
Equity
€88,361 ▼ 4.2%
Debt
€778,780 ▼ 37.6%
Debt's share of the balance-sheet total falls from 93.1% to 89.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€155,293▼
2024 · €221,756
Cash flow
€150,170▼
2024 · €219,670
Quick ratio
1.06▲
2024 · 1.04
Debt to equity
8.81▼
2024 · 13.53
ROE
142.7%▼
2024 · 220.5%
Interest coverage
38.94▼
2024 · 171.57
Debt ≤ 1 year
€764,614▼
2024 · €1.2m
Debt > 1 year
€14,166▼
2024 · €20,815
Income taxes
€475▲
2024 · €231
Staff costs
€770,727▲
2024 · €655,713
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,613 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,366 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,613 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 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 | €0.008m | €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 | €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 | €0.008m | €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 | €0.008m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 38.0% |
| Profit (loss) for the period to be appropriated9905 | €0.008m | €0.3m | €0.2m | €0.2m | €0.1m | ▼ 38.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €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 | €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 | €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 | €0.05m | €0.05m | €0.08m | €0.009m | €0.009m | ▼ 3.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €0.7m | €1.3m | €0.9m | ▼ 35.3% |
| Equity10/15 | -€0.001m | €0.08m | €0.09m | €0.09m | €0.09m | ▼ 4.2% |
| Contributions10/11 | €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 | €0.02m | €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 | -€0.07m | €0.009m | €0.005m | €0.008m | €0.005m | ▼ 45.6% |
| Amounts payable17/49 | €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 | €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 | €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 | ▲ 2,945% |
| 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €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) | €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 | - | -€3,364 | €30,392 | -€66,855 | -€322 | ▲ 99.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 3,983 companies in this sector we hold annual accounts for 2,156. 1,598 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector