CORDIBO
ActiveCORDIBO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €69k and a net result of €36k. Equity is growing by ~100.2% per year across the filed fiscal years. Its solvency ranks better than 63% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
87
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+10
Solvency73▲+20
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.41 against 0.97 in 2023; short-term debt: 50.1% and cash: 37.9% of total assets), and 52% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-06-2025, 34 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
34 d early
2023
40 d early
2022
20 d early
2021
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€69k▲ 107%
2023 · €33k
2021: €-37k
2022: €12k
2023: €33k
2021 → 2024
Total assets
€143k▲ 19.7%
2023 · €120k
2021: €65k
2022: €130k
2023: €120k
2021 → 2024
Net result
€36k▲ 71.1%
2023 · €21k
2021: €-14k
2022: €49k
2023: €21k
2021 → 2024
Working capital
€29k
2023 · €-2k
2021: €-54k
2022: €-12k
2023: €-2k
2021 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€-37k-€12k€33k▲ 167%€69k▲ 107%
Operating result€-14k-€61k€31k▼ 49.0%€54k▲ 73.5%
Net result€-14k-€49k€21k▼ 57.9%€36k▲ 71.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 74% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €143k
Fixed assets
€42k▼ 9.0%
Current assets
€101k▲ 37.8%
Equity and liabilities €143k
Equity
€69k▲ 107%
Debt
€74k▼ 13.8%
The debt ratio falls from 72.2% to 52.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€70k▲
2023 · €45k
Cash flow
€52k▲
2023 · €35k
Solvency
48.0%▲
2023 · 27.8%
Current ratio
1.41▲
2023 · 0.97
Quick ratio
1.41▲
2023 · 0.97
Debt / equity
1.08▼
2023 · 2.60
ROE
51.7%▼
2023 · 62.6%
ROA
24.8%▲
2023 · 17.4%
Interest coverage
22.87▼
2023 · 38.06
Debt
€74k▼
2023 · €86k
Debt ≤ 1 year
€72k▼
2023 · €75k
Debt > 1 year
€0▼
2023 · €10k
Income taxes
€15k▲
2023 · €9k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€120k€143k▲
Fixed assets21/28€46k€42k▼
Tangible fixed assets22/27€46k€42k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€33k€25k▼
Other tangible fixed assets26€12k€16k▲
Current assets29/58€73k€101k▲
Amounts receivable within one year40/41€31k€43k▲
Trade receivables40€14k€37k▲
Other amounts receivable41€18k€6k▼
Cash at bank and in hand54/58€39k€54k▲
Deferred charges and accrued income490/1€3k€4k▲
Equity and liabilities
Total equity and liabilities10/49€120k€143k▲
Equity10/15€33k€69k▲
Contributions10/11€1k€1k=
Reserves13€32k€67k▲
Distributable reserves133€32k€67k▲
Profit (loss) carried forward14€336€360▲
Amounts payable17/49€86k€74k▼
Amounts payable after more than one year17€10k€0▼
Financial debts170/4€10k€0▼
Amounts payable within one year42/48€75k€72k▼
Current portion of amounts payable after more than one year42€12k€10k▼
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€9k€20k▲
Taxes450/3€9k€20k▲
Other amounts payable47/48€51k€39k▼
Accrued charges and deferred income492/3€708€3k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€17k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€46k€72k▲
Operating profit (loss)9901€31k€54k▲
Financial income75/76B€0€222▲
Recurring financial income75€0€222▲
Financial charges65/66B€1k€3k▲
Recurring financial charges65€1k€3k▲
Profit (loss) for the period before taxes9903€30k€51k▲
Income taxes67/77€9k€15k▲
Profit (loss) for the period9904€21k€36k▲
Profit (loss) for the period to be appropriated9905€21k€36k▲
Appropriation of the result
Profit (loss) to be appropriated9906€21k€36k▲
Profit (loss) brought forward from the previous period14P€329€336▲
Transfer to equity691/2€21k€36k▲
To other reserves6921€21k€36k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
27-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €49k
Net result €49k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · 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, Dendermonde · 1 establishment unit since 2010
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.
Bakkerstraat (GRE) 2819200 DendermondeGround area
1,665 m²
Building footprint
192 m²
Volume, LiDAR
1,296 m³
Parcel 42007B0362/00C000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CORDIBO
since 20102.189.086.793
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42007B0362/00C000 | Flanders | 1,665 m² | 1 · 192 m² | 9.7 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
2023 · 1 entry · 146 EUR awarded · 146 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 146 EUR | 146 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 9,695 companies in sector 68121 we hold annual accounts for 7,381. 5,191 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-06-2010
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
68122Development of non-residential building projects
42990Civil engineering
43110Demolition
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.