CORDER
ActiveCORDER is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €353k and a net result of €10k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 7954 sector peers (fiscal year 2025). The company has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 15-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
6 d early
2023
11 d early
2022
4 d early
2021
25 d late
2020
26 d late
2019
63 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
12-09-2026 today30-12-2026 close30-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€353k▲ 3.0%
2024 · €343k
2018: €225k
2019: €225k
2020: €217k
2021: €240k
2022: €279k
2023: €309k
2024: €343k
2018 → 2025
Net result
€10k▼ 69.4%
2024 · €33k
2018: €23k
2019: €-363
2020: €-8k
2021: €23k
2022: €39k
2023: €30k
2024: €33k
2018 → 2025
Total assets
€1.29M▲ 5.4%
2024 · €1.22M
2018: €664k
2019: €701k
2020: €717k
2021: €729k
2022: €776k
2023: €906k
2024: €1.22M
2018 → 2025
Solvency
27.4%▼ 0.6pp
2024 · 28.0%
2018: 33.9%
2019: 32.0%
2020: 30.3%
2021: 33.0%
2022: 36.0%
2023: 34.2%
2024: 28.0%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€240k-€279k▲ 16.3%€309k▲ 10.7%€343k▲ 10.8%€353k▲ 3.0%
Operating result€24k-€39k▲ 65.2%€30k▼ 23.7%€34k▲ 12.9%€10k▼ 69.3%
Net result€23k-€39k▲ 68.0%€30k▼ 23.8%€33k▲ 11.3%€10k▼ 69.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.29M
Fixed assets
€550k▼ 6.7%
Current assets
€738k▲ 16.6%
Equity and liabilities €1.29M
Equity
€353k▲ 3.0%
Provisions
€999▼ 18.7%
Debt
€935k▲ 6.3%
The debt ratio rises from 71.9% to 72.5%: debt grows faster than equity.
Key figures and ratios
Solvency
27.4%▼
2024 · 28.0%
ROE
2.9%▼
2024 · 9.7%
ROA
0.8%▼
2024 · 2.7%
Debt
€935k▲
2024 · €879k
Debt ≤ 1 year
€934k▲
2024 · €879k
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€1.22M€1.29M▲
Fixed assets21/28€589k€550k▼
Tangible fixed assets22/27€589k€550k▼
Land and buildings22€582k€542k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€8k€6k▼
Current assets29/58€633k€738k▲
Stocks and contracts in progress3€124k€242k▲
Stocks30/36€124k€242k▲
Amounts receivable within one year40/41€486k€477k▼
Trade receivables40€486k€477k▼
Other amounts receivable41€0-
Cash at bank and in hand54/58€22k€18k▼
Deferred charges and accrued income490/1€788€764▼
Equity and liabilities
Total equity and liabilities10/49€1.22M€1.29M▲
Equity10/15€343k€353k▲
Contributions10/11€372k€372k=
Reserves13€35k€34k▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€2k€2k▼
Distributable reserves133€33k€33k=
Profit (loss) carried forward14€-64k€-54k▲
Provisions and deferred taxes16€1k€999▼
Deferred taxes168€1k€999▼
Amounts payable17/49€879k€935k▲
Amounts payable within one year42/48€879k€934k▲
Trade debts44€95k€132k▲
Suppliers440/4€95k€132k▲
Advances received on contracts in progress46€235k€235k▲
Taxes, remuneration and social security45€29k€86k▲
Taxes450/3€29k€86k▲
Other amounts payable47/48€520k€480k▼
Accrued charges and deferred income492/3€0€1k▲
Income statement
Code20242025
Non-recurring operating income76A€21k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42k€42k▼
Other operating charges640/8€13k€14k▲
Gross operating margin9900€89k€67k▼
Operating profit (loss)9901€34k€10k▼
Financial income75/76B€435€128▼
Recurring financial income75€435€128▼
Financial charges65/66B€1k€536▼
Recurring financial charges65€1k€536▼
Profit (loss) for the period before taxes9903€33k€10k▼
Transfer from deferred taxes780€230€230=
Profit (loss) for the period9904€33k€10k▼
Transfer from tax-exempt reserves789€447€447=
Profit (loss) for the period to be appropriated9905€34k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-64k€-54k▲
Profit (loss) brought forward from the previous period14P€-98k€-64k▲
The notes to these accounts (5 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
15-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-12
Financial
Highest result since 2018net €39k ▲68%
Operating result €39k, net result €39k, both a record.
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
30-12
Financial
Back to profitnet €23k
Net result €23k after 2 loss-making years.
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
30-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2024
DERUMEAUX, Luc
CurrentDirector · since 02-12-2024
02-12-2024
Appointed as Director
Location & real-estate footprint
Registered office, Kortrijk · 1 establishment unit since 1992
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.
Albrecht Rodenbachlaan(Heu) 638501 KortrijkGround area
2,634 m²
Building footprint
208 m²
Volume, LiDAR
1,433 m³
Parcel 34016C0771/00B005, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CORDER
since 19922.058.769.966
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34016C0771/00B005 | Flanders | 2,634 m² | 1 · 208 m² | 10.6 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.
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B.S.B.
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Michaïa
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GAUDEAMUS
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B'FOODCONSULTING
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Begijnendijk · Eq €353k
Of 24,641 companies in sector 64210 we hold annual accounts for 19,693. 13,722 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-07-1992
Fiscal year end30-12
Activities, NACEBEL
64200Holdings
64210Activities of holding companies
74132
73200Market research and public opinion polling
Sources
Crossroads Bank for EnterprisesNational Bank · 34 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.