Checked.be
Active
BE 0809.859.136Private limited company
CORDIER CONSTRUCT
Gooreind 32 ·2440 Geel, Belgium· 17 yrs active
Sector: Other specialised construction activities
(43990)
Conclusion
CORDIER CONSTRUCT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102k and a net result of €-7k. Equity is shrinking by ~13.5% per year across the filed fiscal years. Its solvency ranks better than 33% of 26547 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €102k |
| Net result | €-7k |
| Staff (FTE) | 2 |
| Better than sector | 33% |
Financial profile
49
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
52
Profitability
0
Solvency
63
Growth
32
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2009, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
52
/ 100
Fair
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€5k
estimate, not credit advice
Score history
93
2022
52
2023
93
2024
52
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.52 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.50 (≥ 1.0)
+5
Profitability
Negatieve ROE -7%
-10
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 09-07-2026 with the NBB · fiscal year 2025 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining
Equity: declining trend of ~13.5%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 43, Specialised construction activities · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 31.9% | 47.4% | |
| Net result | €-7k | €10k | |
| Equity | €102k | €60k | |
| Gross operating margin | €79k | €39k | |
| Staff costs | €84k | €40k |
€-9k
-
22-25
€-7k
-
22-25
€-10k
-
22-25
€319k
+13.5%
22-25
€102k
-29.1%
22-25
€108k
-27.9%
22-25
2
-13.0%
22-25
€84k
+24.2%
22-25
€1k
-87.8%
22-25
€35k
+7.5%
22-25
€209k
+61.4%
22-25
€209k
+61.4%
22-25
1.52
-29.6%
22-25
1.50
-22.9%
22-25
31.9%
-37.5%
22-25
2.05
+127.6%
22-25
-7.1%
-
22-25
-2.3%
-
22-25
-15.54
-
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | - | - | €-9k | €122k |
| Net profit | €-7k | €31k | €-11k | €84k |
| Cash flow | - | - | €-10k | €85k |
| Staff costs | €84k | €67k | €78k | €70k |
| Income taxes | €1k | €10k | €115 | €35k |
| Dividends | €35k | - | €32k | - |
| Total assets | €319k | €281k | €222k | €288k |
| Equity | €102k | €144k | €113k | €169k |
| Debt | €209k | €130k | €101k | €112k |
| of which ≤ 1y | €209k | €130k | €101k | €112k |
| of which > 1y | - | - | - | - |
| Working capital | €108k | €150k | €119k | €174k |
| Employees (FTE) | 2.0 | 2.3 | 1.9 | 1.8 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.52 | 2.15 | 2.18 | 2.56 |
| Quick ratio | 1.50 | 1.94 | 2.18 | 2.52 |
| Working capital ratio | 33.8% | 53.2% | 53.6% | 60.4% |
| Solvency | 31.9% | 51.1% | 50.9% | 58.5% |
| Debt / equity | 2.05 | 0.90 | 0.89 | 0.66 |
| Long-term debt ratio | - | - | - | - |
| Interest coverage | - | - | -15.54 | 55.79 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -2.3% | 10.8% | -4.8% | 29.2% |
| ROE | -7.1% | 21.2% | -9.5% | 49.9% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €319k | €281k | €222k | €288k |
| Fixed assets | 21/28 | €2k | €2k | €2k | €2k |
| Tangible fixed assets | 22/27 | - | - | - | €522 |
| Financial fixed assets | 28 | €2k | €2k | €2k | €2k |
| Current assets | 29/58 | €317k | €280k | €221k | €286k |
| Stocks & contracts in progress | 3 | €4k | €27k | - | €4k |
| Amounts receivable within one year | 40/41 | €169k | €136k | €67k | €111k |
| Cash & bank | 54/58 | €142k | €116k | €153k | €168k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €319k | €281k | €222k | €288k |
| Equity | 10/15 | €102k | €144k | €113k | €169k |
| Contributions / capital | 10/11 | - | - | - | €12k |
| Reserves | 13 | €109k | €144k | €124k | €156k |
| Accumulated profits (losses) | 14 | €-7k | - | €-11k | - |
| Provisions & deferred taxes | 16 | €8k | €8k | €8k | €8k |
| Amounts payable | 17/49 | €209k | €130k | €101k | €112k |
| Amounts payable within one year | 42/48 | €209k | €130k | €101k | €112k |
| Trade debts payable within one year | 44 | €118k | €84k | €55k | €59k |
| Income statement | |||||
| Gross operating margin | 9900 | €79k | €109k | €69k | €195k |
| Operating result | 9901 | €-6k | €41k | €-10k | €122k |
| Financial income | 75 | €358 | €379 | €17 | €102 |
| Financial charges | 65 | €458 | €592 | €611 | €2k |
| Result before taxes | 9903 | €-6k | €41k | €-11k | €120k |
| Income taxes | 67/77 | €1k | €10k | €115 | €35k |
| Net result for the period | 9904 | €-7k | €31k | €-11k | €84k |
| Result to be appropriated | 9905 | €-7k | €31k | €-11k | €84k |
Legal Structure
| NACE primary | Other specialised construction activities(43990) |
| Legal form | Private limited company(610) |
| Incorporation | 13-02-2009 |
| Status | Active |
| Postal code | 2440 |
Establishment units
CORDIER CONSTRUCT
since 20092.176.458.383
Gasthuisstraat 31, 2440 Geel
since 20192.290.436.056
Real-estate footprint
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13008H1440/00C000indicative | Flanders | 3,692 m² | 1 · 216 m² | 12.2 m · 2 fl. |
| 13374E0285/00D000 | Flanders | 1,125 m² | 1 · 159 m² | 9.3 m · 2 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €31k
Net result €31k after one loss-making year.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-11k ▼113%
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 56 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
22-06
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.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
General construction of residential buildings41001Other specialised construction activities43990Specialised construction activities43999
Names & trade names
| Legal nameNL | CORDIER CONSTRUCT |
Similar companies
D&C Services
BE 0837.530.068 · Maldegem
BARE
BE 0447.142.086 · Herstal
FIX HOME
BE 0774.714.551 · Gent
STUDIO ALTO
BE 0695.897.202 · Elsene
MB GENERALI
BE 0750.521.167 · Wemmel