CORDEBO
ActiveCORDEBO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-5k) and a net result of €2k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 10% of 7293 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
21
/ 100
Critical▼ -5 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-13
Solvency37▼-3
Growth52=
Stability100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.65 against 0.8 in 2024), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
+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 →
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 2025Solvency, return and age of the figures
Solvency
-3.8%
Return on assets
1.7%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 10% of 7293 sector peers (2025).
NBB · sector comparisonPosition among 7293 sector peers
Solvency
better than 10%
← 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 09-07-2026, 22 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
22 d early
2024
20 d early
2023
12 d early
2022
40 d early
2021
12 d early
2020
25 d early
2019
29 d early
← before the deadline
after the deadline →
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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€-5k▲ 30.9%
2024 · €-8k
2018: €-31k
2019: €55k
2020: €29k
2021: €88k
2022: €80k
2023: €-7k
2024: €-8k
2018 → 2025
Total assets
€138k▼ 0.4%
2024 · €139k
2018: €228k
2019: €259k
2020: €256k
2021: €504k
2022: €316k
2023: €125k
2024: €139k
2018 → 2025
Net result
€2k
2024 · €-192
2018: €9k
2019: €26k
2020: €-25k
2021: €59k
2022: €599
2023: €-27k
2024: €-192
2018 → 2025
Working capital
€-36k▼ 56.3%
2024 · €-23k
2018: €102k
2019: €39k
2020: €19k
2021: €77k
2022: €77k
2023: €-21k
2024: €-23k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€88k-€80k▼ 9.3%€-7k€-8k▼ 2.6%€-5k▲ 30.9%
Operating result€78k-€5k▼ 93.3%€-26k€3k€5k▲ 71.4%
Net result€59k-€599▼ 99.0%€-27k€-192▲ 99.3%€2k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 71% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138k
Fixed assets
€71k▲ 50.3%
Current assets
€67k▼ 26.4%
Key figures and ratios
EBITDA
€19k▲
2024 · €16k
Cash flow
€16k▲
2024 · €13k
Solvency
-3.8%▲
2024 · -5.5%
Current ratio
0.65▼
2024 · 0.80
Quick ratio
0.65▲
2024 · 0.60
Debt / equity
-27.31▼
2024 · -19.25
ROE
-44.7%▼
2024 · 2.5%
ROA
1.7%▲
2024 · -0.1%
Interest coverage
8.31▲
2024 · 5.76
Debt
€143k▼
2024 · €146k
Debt ≤ 1 year
€104k▼
2024 · €115k
Debt > 1 year
€39k▲
2024 · €31k
Income taxes
€167▼
2024 · €194
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€139k€138k▼
Formation expenses20-€0
Fixed assets21/28€47k€71k▲
Tangible fixed assets22/27€47k€56k▲
Plant, machinery and equipment23€4k€3k▼
Furniture and vehicles24€43k€51k▲
Other tangible fixed assets26-€1k
Financial fixed assets28€30€15k▲
Current assets29/58€91k€67k▼
Stocks and contracts in progress3€23k€89▼
Stocks30/36€29€89▲
Contracts in progress37€23k-
Amounts receivable within one year40/41€30k€31k▲
Trade receivables40€29k€27k▼
Other amounts receivable41€1k€4k▲
Cash at bank and in hand54/58€37k€35k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€139k€138k▼
Equity10/15€-8k€-5k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€-28k€-25k▲
Amounts payable17/49€146k€143k▼
Amounts payable after more than one year17€31k€39k▲
Financial debts170/4€31k€39k▲
Amounts payable within one year42/48€115k€104k▼
Current portion of amounts payable after more than one year42€11k€20k▲
Trade debts44€56k€32k▼
Suppliers440/4€56k€32k▼
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€7k€6k▼
Other amounts payable47/48€41k€45k▲
Accrued charges and deferred income492/3€9€572▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€898
Gross operating margin9900€17k€21k▲
Operating profit (loss)9901€3k€5k▲
Financial income75/76B€20€67▲
Recurring financial income75€20€67▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€1€3k▲
Income taxes67/77€194€167▼
Profit (loss) for the period9904€-192€2k▲
Profit (loss) for the period to be appropriated9905€-192€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€-25k▲
Profit (loss) brought forward from the previous period14P€-27k€-28k▼
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
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
11-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-27k ▼4677%
Net result drops to €-27k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Stekene · 1 establishment unit since 2017
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.
Molenbergstraat(STE) 709190 StekeneGround area
693 m²
Building footprint
136 m²
Volume, LiDAR
597 m³
Parcel 46024A0903/00E000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Cordebo
since 20172.263.181.234
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46024A0903/00E000 | Flanders | 693 m² | 1 · 135 m² | 5.9 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
DJ CONSTRUCT
BE 0753.881.228
Dilsen-Stokkem · Eq €80k
ALEXMAT
BE 0433.106.186
Hoeilaart · Eq €80k
Walls Belgium
BE 1024.084.725
Antwerpen · Eq €80k
3ALJ CONSTRUCT
BE 0536.971.511
Anderlecht · Eq €80k
KM GROEP
BE 0727.706.173
Heusden-Zolder · Eq €81k
Of 2,429 companies in sector 41003 we hold annual accounts for 1,046. 722 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2017
Fiscal year end31-12
Activities, NACEBEL
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.