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CORDEXTRÊME

Active
Private limited companyfounded 201411 yrs activeRue des Ateliers Smulders 15, 4460 Grâce-Hollogne, BelgiumKBO/BCE: BE 0507.798.166
Summary

CORDEXTRÊME has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,688 and a net result of €13,652. Equity is growing by ~8.3% per year across the filed fiscal years. Its solvency ranks better than 73% of 18716 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability100=
Solvency87▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 2.63 against 2.13 in 2024; short-term debt: 38.1% and cash: 65.8% of total assets), and 38.1% of the assets are financed with debt.
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Signals

Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
61.9%
Return on assets
45.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 11 years 0 20 y
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 18-03-2026, 135 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
135 d early
2024
on the day
2023
17 d early
2022
12 d early
2021
on the day
2020
on the day
2019
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 23 days before the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
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. Usually files around 19 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

CORDEXTRÊME was incorporated on 29 December 2014.1 Total assets rose from EUR 12,783 in 2018 to EUR 30,188 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€13,652▲ 10.5%
2024 · €12,361
Working capital
€18,688▲ 13.0%
2024 · €16,535
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 47, Retail trade, 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).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€745▲ 26.1%€3,680€16,030▲ 336%€17,162▲ 7.1%€18,292▲ 6.6%
Net result-€829within the sector's middle half▲ 22.1%€3,530within the sector's middle half€12,315within the sector's middle half▲ 249%€12,361within the sector's middle half▲ 0.4%€13,652within the sector's middle half▲ 10.5%
Equity€9,586within the sector's middle half▼ 8.0%€13,116within the sector's middle half▲ 36.8%€14,175within the sector's middle half▲ 8.1%€16,535below the sector's middle half▲ 16.7%€18,688within the sector's middle half▲ 13.0%
Total assets€9,586below the sector's middle half▼ 8.8%€13,116below the sector's middle half▲ 36.8%€19,420below the sector's middle half▲ 48.1%€31,165below the sector's middle half▲ 60.5%€30,188below the sector's middle half▼ 3.1%
Debt€5,245€14,630▲ 179%€11,500▼ 21.4%
Working capital€14,175within the sector's middle half€16,535within the sector's middle half▲ 16.7%€18,688within the sector's middle half▲ 13.0%
Solvency100.0%above the sector's middle half▲ 1.0pp100.0%above the sector's middle half=73.0%above the sector's middle half▼ 27.0pp53.1%within the sector's middle half▼ 19.9pp61.9%within the sector's middle half▲ 8.8pp
Current ratio3.70above the sector's middle half2.13within the sector's middle half▼ 1.572.63within the sector's middle half▲ 0.49
Return on assets (ROA)-8.6%below the sector's middle half▲ 1.5pp26.9%above the sector's middle half▲ 35.6pp63.4%above the sector's middle half▲ 36.5pp39.7%above the sector's middle half▼ 23.8pp45.2%above the sector's middle half▲ 5.6pp
above within below the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000€15,000€20,000Operating result 2021: -€745-€745Net result 2021: -€829-€829Operating result 2022: €3,680€3,680Net result 2022: €3,530€3,530Operating result 2023: €16,030€16,030Net result 2023: €12,315€12,315Operating result 2024: €17,162€17,162Net result 2024: €12,361€12,361Operating result 2025: €18,292€18,292Net result 2025: €13,652€13,65220212022202320242025€0€5,000€10,000€15,000€20,000Operating result 2023: €16,030€16,000Net result 2023: €12,315€12,300Operating result 2024: €17,162€17,200Net result 2024: €12,361€12,400Operating result 2025: €18,292€18,300Net result 2025: €13,652€13,700202320242025
The operating result has risen four years in a row; 2025 is 7% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €30,188
Equity €18,688 ▲ 13.0%
Debt €11,500 ▼ 21.4%
Debt's share of the balance-sheet total falls from 46.9% to 38.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
Debt to equity
0.62▼
2024 · 0.88
ROE
73.1%▼
2024 · 74.8%
Debt ≤ 1 year
€11,500▼
2024 · €14,630
Income taxes
€4,663▲
2024 · €4,630
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
3.9% stopped otherwise
95% still going

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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 34,696 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€31,165€30,188▼
Current assets29/58€31,165€30,188▼
Amounts receivable within one year40/41€6,686€10,099▲
Other amounts receivable41€6,686€10,099▲
Cash at bank and in hand54/58€24,437€19,861▼
Deferred charges and accrued income490/1€42€228▲
Equity and liabilities
Total equity and liabilities10/49€31,165€30,188▼
Equity10/15€16,535€18,688▲
Reserves13€1,860€1,860=
Distributable reserves133€1,860€1,860=
Profit (loss) carried forward14€14,675€16,828▲
Amounts payable17/49€14,630€11,500▼
Amounts payable within one year42/48€14,630€11,500▼
Taxes, remuneration and social security45€4,630-
Taxes450/3€4,630-
Other amounts payable47/48€10,000€11,500▲
Income statement Code20242025
Other operating charges640/8€100€100=
Gross operating margin9900€17,262€18,392▲
Operating profit (loss)9901€17,162€18,292▲
Financial income75/76B€42€228▲
Recurring financial income75€42€228▲
Financial charges65/66B€214€205▼
Recurring financial charges65€214€205▼
Profit (loss) for the period before taxes9903€16,990€18,315▲
Income taxes67/77€4,630€4,663▲
Profit (loss) for the period9904€12,361€13,652▲
Profit (loss) for the period to be appropriated9905€12,361€13,652▲
Appropriation of the result
Profit (loss) to be appropriated9906€24,675€28,328▲
Profit (loss) brought forward from the previous period14P€12,315€14,675▲
Profit to be distributed694/7€10,000€11,500▲
Return on contributions (dividend)694€10,000€11,500▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8€448€100€150€100€100=
Gross operating margin9900-€297€3,780€16,180€17,262€18,392▲ 6.5%
Operating profit (loss)9901-€745€3,680€16,030€17,162€18,292▲ 6.6%
Financial income75/76B--€0€42€228▲ 443%
Recurring financial income75--€0€42€228▲ 443%
Financial charges65/66B€84€150€176€214€205▼ 4.4%
Recurring financial charges65€84€150€176€214€205▼ 4.4%
Profit (loss) for the period before taxes9903-€829€3,530€15,854€16,990€18,315▲ 7.8%
Income taxes67/77--€3,539€4,630€4,663▲ 0.7%
Profit (loss) for the period9904-€829€3,530€12,315€12,361€13,652▲ 10.5%
Profit (loss) for the period to be appropriated9905-€829€3,530€12,315€12,361€13,652▲ 10.5%
Line20212022202320242025Change
Assets
Total assets20/58€9,586€13,116€19,420€31,165€30,188▼ 3.1%
Current assets29/58€9,586€13,116€19,420€31,165€30,188▼ 3.1%
Amounts receivable within one year40/41€1,474€4,639€2,461€6,686€10,099▲ 51.0%
Other amounts receivable41€1,474€4,639€2,461€6,686€10,099▲ 51.0%
Cash at bank and in hand54/58€8,112€8,477€16,959€24,437€19,861▼ 18.7%
Deferred charges and accrued income490/1---€42€228▲ 443%
Equity and liabilities
Total equity and liabilities10/49€9,586€13,116€19,420€31,165€30,188▼ 3.1%
Equity10/15€9,586€13,116€14,175€16,535€18,688▲ 13.0%
Contributions10/11€6,300€6,300----
Reserves13€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1€1,860€1,860----
Reserves not available under the articles1311€1,860€1,860----
Distributable reserves133--€1,860€1,860€1,860=
Profit (loss) carried forward14€1,426€4,956€12,315€14,675€16,828▲ 14.7%
Amounts payable17/49--€5,245€14,630€11,500▼ 21.4%
Amounts payable within one year42/48--€5,245€14,630€11,500▼ 21.4%
Trade debts44--€384---
Suppliers440/4--€384---
Taxes, remuneration and social security45---€4,630--
Taxes450/3---€4,630--
Other amounts payable47/48--€4,861€10,000€11,500▲ 15.0%
Line20212022202320242025Change
Profit (loss) for the period9904-€829€3,530€12,315€12,361€13,652▲ 10.5%
Operating cash flow (approximation)-€829€3,530€12,315€12,361€13,652▲ 10.5%
Change in cash-€365€8,482€7,478-€4,576▼ 161%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
18-03
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Highest result since 2018net €13,652 ▲10.5%
Operating result €18,292, net result €13,652, both a record.
31-07
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
14-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
19-07
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial Back to profitnet €3,530
Net result €3,530 after 4 loss-making years.
31-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
2021
31-07
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
2020
31-07
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2019
29-07
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2018
12-07
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Grâce-Hollogne · 1 establishment unit since 2015
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.

Rue des Ateliers Smulders 154460 Grâce-Hollogne
1 establishment unit
CORDEXTREME SPRL
Rue des Ateliers Smulders 15, 4460 Grâce-HollogneWholesale trade
since 20152.239.381.590

Similar companies · same sector, comparable size

Of 1,312 companies in this sector we hold annual accounts for 624. 381 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company details

Identification
Legal formPrivate limited company
Founded29-12-2014
Fiscal year end31-12
Activities, NACEBEL 2025
47639Retail sale of other sporting goods
E-invoicing
Reachable via Peppol
Peppol ID 0208:0507798166
Also 9925:BE0507798166
Registered 08-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 30 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.