CORDIM
ActiveCORDIM has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €87k and a net result of €13k. Equity is growing by ~17.9% per year across the filed fiscal years. Its solvency ranks better than 53% of 26043 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability75▲+64
Solvency60▲+3
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.39 in 2023; short-term debt: 64.4% and cash: 23% of total assets), and 64.6% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 47
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
35.4%
Return on assets
5.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
61 d late
2022
60 d late
2021
31 d late
2020
30 d late
2019
4 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€87k▲ 17.5%
2023 · €74k
2018: €8k
2019: €8k
2020: €49k
2021: €77k
2022: €88k
2023: €74k
2018 → 2024
Total assets
€247k▲ 7.2%
2023 · €230k
2018: €170k
2019: €152k
2020: €216k
2021: €238k
2022: €238k
2023: €230k
2018 → 2024
Net result
€13k
2023 · €-14k
2018: €2k
2019: €145
2020: €41k
2021: €28k
2022: €12k
2023: €-14k
2018 → 2024
Working capital
€77k▲ 28.8%
2023 · €60k
2018: €6k
2019: €5k
2020: €46k
2021: €49k
2022: €66k
2023: €60k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€49k-€77k▲ 56.7%€88k▲ 15.0%€74k▼ 15.8%€87k▲ 17.5%
Operating result€42k-€38k▼ 10.2%€16k▼ 57.6%€-7k€10k
Net result€41k-€28k▼ 32.1%€12k▼ 58.5%€-14k€13k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €10k after a loss of €7k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €247k
Fixed assets
€11k▼ 35.0%
Current assets
€236k▲ 10.5%
Equity and liabilities €247k
Equity
€87k▲ 17.5%
Debt
€159k▲ 2.3%
The debt ratio falls from 67.7% to 64.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▲
2023 · €-1k
Cash flow
€19k▲
2023 · €-8k
Solvency
35.4%▲
2023 · 32.3%
Current ratio
1.49▲
2023 · 1.39
Quick ratio
1.14▼
2023 · 1.16
Debt / equity
1.82▼
2023 · 2.09
ROE
14.9%▲
2023 · -18.8%
ROA
5.3%▲
2023 · -6.1%
Interest coverage
14.14▲
2023 · -0.15
Debt
€159k▲
2023 · €156k
Debt ≤ 1 year
€159k▲
2023 · €154k
Income taxes
€5k▲
2023 · €206
Staff costs
€13k▼
2023 · €15k
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€230k€247k▲
Fixed assets21/28€16k€11k▼
Intangible fixed assets21€845€455▼
Tangible fixed assets22/27€16k€10k▼
Furniture and vehicles24€16k€10k▼
Current assets29/58€214k€236k▲
Stocks and contracts in progress3€36k€55k▲
Stocks30/36€36k€55k▲
Amounts receivable within one year40/41€109k€123k▲
Trade receivables40€98k€101k▲
Other amounts receivable41€11k€22k▲
Cash at bank and in hand54/58€67k€57k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€230k€247k▲
Equity10/15€74k€87k▲
Contributions10/11€19k€19k=
Reserves13€69k€69k=
Distributable reserves133€69k€69k=
Profit (loss) carried forward14€-14k€-905▲
Amounts payable17/49€156k€159k▲
Amounts payable within one year42/48€154k€159k▲
Trade debts44€6k€10k▲
Suppliers440/4€6k€10k▲
Taxes, remuneration and social security45€50k€57k▲
Taxes450/3€49k€54k▲
Remuneration and social security454/9€1k€3k▲
Other amounts payable47/48€97k€91k▼
Accrued charges and deferred income492/3€2k€387▼
Income statement
Code20232024
Remuneration, social security and pensions62€15k€13k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▼
Other operating charges640/8€7k€184▼
Gross operating margin9900€21k€29k▲
Operating profit (loss)9901€-7k€10k▲
Financial income75/76B-€8k
Recurring financial income75-€8k
Financial charges65/66B€7k€1k▼
Recurring financial charges65€7k€1k▼
Profit (loss) for the period before taxes9903€-14k€18k▲
Income taxes67/77€206€5k▲
Profit (loss) for the period9904€-14k€13k▲
Profit (loss) for the period to be appropriated9905€-14k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-905▲
Profit (loss) brought forward from the previous period14P-€-14k
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
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet €-14k ▼221%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Highest result since 2018net €41k ▲28213%
Operating result €42k, net result €41k, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Halen · 1 establishment unit since 2008
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.
Bloemendaalstraat 1883545 HalenGround area
742 m²
Building footprint
193 m²
Volume, LiDAR
697 m³
Parcel 71020C0332/00K000, Flanders · tallest building 5.4 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Bloemendaalstraat 188, 3545 Halen
since 20082.175.461.560
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71020C0332/00K000 | Flanders | 742 m² | 1 · 193 m² | 5.4 m · 1 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.
Similar companies · same sector, comparable size
VAN WASSENHOVE
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SO CUTE
BE 0833.787.551
Ham-sur-Heure-Nalinnes · Eq €92k
KARACA HOME
BE 0715.549.402
Schaarbeek · Eq €78k
Dieleman
BE 0604.970.885
Sint-Niklaas · Eq €99k
Of 426 companies in sector 47553 we hold annual accounts for 169. 128 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded23-12-2008
Fiscal year end31-12
Activities, NACEBEL
47120Other non-specialised retail sale
47553Retail trade
47910Retail trade
46494Wholesale of non-electrical household articles
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.