CORDIMMO
ActiveSummary
CORDIMMO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €170,702 and a net result of €47,781. Equity is growing by ~37.7% per year across the filed fiscal years. Its solvency ranks better than 35% of 14220 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▲+4
Solvency37▲+3
Growth78=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.3 in 2024; short-term debt: 9.8% and cash: 1.9% of total assets), and 87.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Real estate activities (NACE 68)
about 43% fewer 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 2025Solvency, return and age of the figures
Solvency
12.2%
Return on assets
3.4%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 27-04-2026, 3 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€170,702▲ 38.9%
2024 · €122,920
Total assets
€1.4m▼ 1.4%
2024 · €1.4m
Net result
€47,781▲ 6.7%
2024 · €44,782
Working capital
-€92,560▼ 3.5%
2024 · -€89,445
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Operating result-€51,469-€66,300€70,200▲ 5.9%
Net result-€71,862-€44,782€47,781▲ 6.7%
Equity€78,138-€122,920▲ 57.3%€170,702▲ 38.9%
Total assets€1.5m-€1.4m▼ 2.7%€1.4m▼ 1.4%
Debt€1.4m-€1.3m▼ 6.1%€1.2m▼ 5.2%
Working capital-€84,288--€89,445▼ 6.1%-€92,560▼ 3.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 6% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.4m ▼ 2.0%
Current assets
€44,945 ▲ 18.3%
Equity and liabilities €1.4m
Equity
€170,702 ▲ 38.9%
Debt
€1.2m ▼ 5.2%
Debt's share of the balance-sheet total falls from 91.4% to 87.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€97,347▲
2024 · €93,289
Cash flow
€74,928▲
2024 · €71,771
Current ratio
0.33▲
2024 · 0.30
Debt to equity
7.22▼
2024 · 10.58
ROE
28.0%▼
2024 · 36.4%
ROA
3.4%▲
2024 · 3.1%
Interest coverage
4.78▲
2024 · 4.34
Debt ≤ 1 year
€137,505▲
2024 · €127,424
Debt > 1 year
€1.1m▼
2024 · €1.2m
Income taxes
€2,070
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 895 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.
- Small
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
0.7%
stopped otherwise
98%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 895 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
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €80,706 | €26,989 | €27,147 | ▲ 0.6% |
| Other operating charges640/8 | €2,947 | €6,192 | €8,812 | ▲ 42.3% |
| Gross operating margin9900 | €32,184 | €99,481 | €106,159 | ▲ 6.7% |
| Operating profit (loss)9901 | -€51,469 | €66,300 | €70,200 | ▲ 5.9% |
| Financial income75/76B | €0 | - | €0 | - |
| Recurring financial income75 | €0 | - | €0 | - |
| Financial charges65/66B | €20,393 | €21,518 | €20,348 | ▼ 5.4% |
| Recurring financial charges65 | €20,393 | €21,518 | €20,348 | ▼ 5.4% |
| Profit (loss) for the period before taxes9903 | -€71,862 | €44,782 | €49,852 | ▲ 11.3% |
| Income taxes67/77 | - | - | €2,070 | - |
| Profit (loss) for the period9904 | -€71,862 | €44,782 | €47,781 | ▲ 6.7% |
| Profit (loss) for the period to be appropriated9905 | -€71,862 | €44,782 | €47,781 | ▲ 6.7% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €1.5m | €1.4m | €1.4m | ▼ 1.4% |
| Fixed assets21/28 | €1.4m | €1.4m | €1.4m | ▼ 2.0% |
| Tangible fixed assets22/27 | €1.4m | €1.4m | €1.4m | ▼ 2.0% |
| Land and buildings22 | €1.4m | €1.4m | €1.4m | ▼ 1.9% |
| Plant, machinery and equipment23 | €477 | €373 | €269 | ▼ 27.9% |
| Furniture and vehicles24 | €1,402 | €1,145 | €888 | ▼ 22.5% |
| Current assets29/58 | €59,917 | €37,979 | €44,945 | ▲ 18.3% |
| Amounts receivable within one year40/41 | €33,454 | €6,406 | €16,053 | ▲ 151% |
| Trade receivables40 | €33,454 | €6,406 | €16,053 | ▲ 151% |
| Cash at bank and in hand54/58 | €25,989 | €31,106 | €26,549 | ▼ 14.7% |
| Deferred charges and accrued income490/1 | €474 | €467 | €2,343 | ▲ 402% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €1.5m | €1.4m | €1.4m | ▼ 1.4% |
| Equity10/15 | €78,138 | €122,920 | €170,702 | ▲ 38.9% |
| Contributions10/11 | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | - | - | €20,702 | - |
| Distributable reserves133 | - | - | €20,702 | - |
| Profit (loss) carried forward14 | -€71,862 | -€27,080 | - | - |
| Amounts payable17/49 | €1.4m | €1.3m | €1.2m | ▼ 5.2% |
| Amounts payable after more than one year17 | €1.2m | €1.2m | €1.1m | ▼ 6.2% |
| Financial debts170/4 | €1.2m | €1.2m | €1.1m | ▼ 6.2% |
| Amounts payable within one year42/48 | €144,205 | €127,424 | €137,505 | ▲ 7.9% |
| Current portion of amounts payable after more than one year42 | €68,801 | €70,751 | €72,022 | ▲ 1.8% |
| Trade debts44 | €32,299 | €9,369 | €16,159 | ▲ 72.5% |
| Suppliers440/4 | €32,299 | €9,369 | €16,159 | ▲ 72.5% |
| Taxes, remuneration and social security45 | €5,050 | €6,200 | €7,625 | ▲ 23.0% |
| Taxes450/3 | €5,050 | €6,200 | €7,625 | ▲ 23.0% |
| Other amounts payable47/48 | €38,055 | €41,104 | €41,699 | ▲ 1.4% |
| Accrued charges and deferred income492/3 | €3,320 | €6,648 | €627 | ▼ 90.6% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€71,862 | €44,782 | €47,781 | ▲ 6.7% |
| + Depreciation and write-downs630 | €80,706 | €26,989 | €27,147 | ▲ 0.6% |
| Operating cash flow (approximation) | €8,844 | €71,771 | €74,928 | ▲ 4.4% |
| Investment in fixed assets (approximation) | - | -€9,506 | €0 | ▲ 100% |
| Change in cash | - | €5,117 | -€4,557 | ▼ 189% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2023net €47,781 ▲6.7%
Operating result €70,200, net result €47,781, both a record.
30-09
Financial
Equity above €150,000Eq €170,702 ▲38.9%
2 profitable years in a row build equity to €170,702.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Back to profitnet €44,782
Net result €44,782 after one loss-making year.
30-09
Financial
Equity above €100,000Eq €122,920 ▲57.3%
Equity rises from €78,138 to €122,920.
28-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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 2021
Ground area
2,959 m²
Building footprint
1,402 m²
Volume, LiDAR
573 m³
Parcel 42019A0025/00B000, Flanders · tallest building 23.9 m. Linked by address, not a title deed.
1 establishment unit
CORDIMMO
since 20212.324.915.893
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42019A0025/00B000 | Flanders | 2,959 m² | 1 · 1,402 m² | 23.9 m |
Linked by address, not proof of ownership
Good to know
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
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IMMO A.G.Y.
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DS3
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M.I.V.
BE 0438.158.797
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Of 12,042 companies in sector 68203 we hold annual accounts for 5,995. 4,184 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-12-2021
Fiscal year end30-09
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
70200Business and other management consultancy
82990Other business support services
Contact
E-mail
info@cordec.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777959596
Also
9925:BE0777959596
Registered
04-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.