CORDEEL GLEN
ActiveCORDEEL GLEN has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €69k and a net result of €31k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 45% of 27451 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▲+21
Solvency68▲+8
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity ample (current ratio 1.92 against 1.66 in 2024; short-term debt: 20% and cash: 8.7% of total assets), but 57.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
42.7%
Return on assets
19%
Age of the figures
9 mo
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 18-07-2026, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
3 d early
2023
5 d early
2022
7 d late
2021
120 d late
2020
80 d late
2019
46 d late
← 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€69k▲ 46.1%
2024 · €47k
2018: €32k
2019: €18k
2020: €41k
2021: €39k
2022: €31k
2023: €37k
2024: €47k
2018 → 2025
Total assets
€162k▲ 19.1%
2024 · €136k
2018: €204k
2019: €172k
2020: €209k
2021: €189k
2022: €178k
2023: €158k
2024: €136k
2018 → 2025
Net result
€31k▲ 193%
2024 · €11k
2018: €9k
2019: €-14k
2020: €23k
2021: €-2k
2022: €-8k
2023: €7k
2024: €11k
2018 → 2025
Working capital
€30k▲ 112%
2024 · €14k
2018: €-4k
2019: €-10k
2020: €6k
2021: €5k
2022: €-287
2023: €8k
2024: €14k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€39k-€31k▼ 21.1%€37k▲ 20.2%€47k▲ 28.6%€69k▲ 46.1%
Operating result€4k-€62▼ 98.5%€16k▲ 25,186%€22k▲ 40.0%€50k▲ 126%
Net result€-2k-€-8k▼ 305%€7k€11k▲ 49.9%€31k▲ 193%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 126% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162k
Fixed assets
€100k▼ 0.9%
Current assets
€62k▲ 76.3%
Equity and liabilities €162k
Equity
€69k▲ 46.1%
Debt
€93k▲ 4.8%
The debt ratio falls from 65.2% to 57.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€60k▲
2024 · €32k
Cash flow
€41k▲
2024 · €20k
Solvency
42.7%▲
2024 · 34.8%
Current ratio
1.92▲
2024 · 1.66
Quick ratio
1.37▲
2024 · 1.01
Debt / equity
1.34▼
2024 · 1.87
ROE
44.6%▲
2024 · 22.2%
ROA
19.0%▲
2024 · 7.7%
Interest coverage
15.61▲
2024 · 5.19
Debt
€93k▲
2024 · €89k
Debt ≤ 1 year
€32k▲
2024 · €21k
Debt > 1 year
€60k▼
2024 · €67k
Income taxes
€15k▲
2024 · €6k
Staff costs
€35
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€136k€162k▲
Fixed assets21/28€101k€100k▼
Tangible fixed assets22/27€99k€98k▼
Land and buildings22€93k€89k▼
Plant, machinery and equipment23€2k€7k▲
Furniture and vehicles24€4k€2k▼
Financial fixed assets28€1k€1k=
Current assets29/58€35k€62k▲
Stocks and contracts in progress3€14k€18k▲
Stocks30/36€14k€18k▲
Amounts receivable within one year40/41€21k€30k▲
Trade receivables40€6k€20k▲
Other amounts receivable41€15k€10k▼
Cash at bank and in hand54/58-€14k
Deferred charges and accrued income490/1€985€548▼
Equity and liabilities
Total equity and liabilities10/49€136k€162k▲
Equity10/15€47k€69k▲
Contributions10/11€19k€19k=
Reserves13€39k€61k▲
Distributable reserves133€39k€61k▲
Profit (loss) carried forward14€-10k€-10k=
Amounts payable17/49€89k€93k▲
Amounts payable after more than one year17€67k€60k▼
Financial debts170/4€67k€60k▼
Amounts payable within one year42/48€21k€32k▲
Current portion of amounts payable after more than one year42€13k€11k▼
Financial debts43€1k-
Credit institutions430/8€1k-
Trade debts44€7k€13k▲
Suppliers440/4€7k€13k▲
Taxes, remuneration and social security45-€8k
Taxes450/3-€8k
Accrued charges and deferred income492/3€492-
Income statement
Code20242025
Remuneration, social security and pensions62-€35
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€710-
Other operating charges640/8€3k€3k▲
Gross operating margin9900€35k€63k▲
Operating profit (loss)9901€22k€50k▲
Financial income75/76B€692€305▼
Recurring financial income75€692€305▼
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€17k€46k▲
Income taxes67/77€6k€15k▲
Profit (loss) for the period9904€11k€31k▲
Profit (loss) for the period to be appropriated9905€11k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€341€21k▲
Profit (loss) brought forward from the previous period14P€-10k€-10k=
Transfer from equity791/2-€9k
Transfer to equity691/2€11k€31k▲
To other reserves6921€11k€31k▲
Profit to be distributed694/7-€9k
Return on contributions (dividend)694-€9k
The notes to these accounts (7 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
18-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €31k ▲193%
Operating result €50k, net result €31k, both a record.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €7k
Net result €7k after 2 loss-making years.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
28-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 120 days late
2021
19-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 80 days late
2020
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
31-12
Financial
Weakest financial yearnet €-14k ▼247%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 71 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
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, Beveren-Kruibeke-Zwijndrecht · 1 establishment unit since 2011
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.
Edgard Tinelstraat(BEV) 319120 Beveren-Kruibeke-ZwijndrechtGround area
913 m²
Building footprint
139 m²
Volume, LiDAR
712 m³
Parcel 46503C0887/00M000, Flanders · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Edgard Tinelstraat(BEV) 31, 9120 Beveren-Kruibeke-Zwijndrecht
since 20112.200.646.423
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46503C0887/00M000 | Flanders | 913 m² | 1 · 139 m² | 7.9 m · 2 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.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 293 EUR awarded · 293 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 293 EUR | 293 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
1 live approvalMonteur sanitaire en verwarmingsinstallaties duaal (so)
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Of 7,038 companies in sector 43221 we hold annual accounts for 3,469. 3,037 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-07-2011
Fiscal year end31-12
Activities, NACEBEL
43221Plumbing work
43410Roofing work
43421Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.