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CordoFin

Active
Private limited companyfounded 20197 years activeDriekoningenplein 3, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0733.839.444
Summary

CordoFin has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,830 and a net result of €21,744. Equity is shrinking by ~22.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 15% of 20,943 sector peers (NACE 62, fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Overview

Activity
Computer consultancy and computer facilities management
NACE 62200
1 site
Size
€214,762total assets 2025
Equity
€21,830
Profit
€21,744
Turnover not published (abridged schema)
Financial health
67 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.7%
Structure
Accounts 25 days early1 of 2 deeds read
Why 67- 1 change of registered office in 24 months- Liquidity: current ratio 0.11, cash €2,218, halved+ Sector Computer programming, consultancy and related activities (NACE 62)+ Size: total assets €214,762Show the evidence

Checked score

Score 2025
67 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 17% of its sector peers (NACE 62, micro)
Financial strength · tick = 2024
Weak
Solvency 35-30
equity 10.2% of total assets
Liquidity 3-25
short-term debt 87.4% · cash 1.0%
Profitability 81+10
return on assets 10.1%
Bankruptcy probability, 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (25,841 companies)
Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.5%▲ +0.2 percentage points vs 07-2025 09-2025: 0.7%▲ +0.2 percentage points vs 08-2025 10-2025: 0.2%▼ -0.5 percentage points vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.1%▼ -0.1 percentage points vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026lowest value 03-2026: 0.1%● unchanged vs 02-2026lowest value 04-2026: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.7%▲ +0.5 percentage points vs 07-2026highest value 09-2026: 0.7%● unchanged vs 08-2026highest value 10-2026: 0.7%● unchanged vs 09-2026highest value
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.29 in 2024; short-term debt: 87.4% and cash: 1% of total assets), and 89.8% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 62, micro): better than 16% on solvency, 2% on liquidity, 42% on profitability and 9% on growth.

The bankruptcy probability was computed on 08-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
−lowers risk+raises risk○neutral
raises risk · 1 change of registered office in 24 months
Belgian State Gazette
lowers risk · Sector Computer programming, consultancy and related activities (NACE 62)
KBO
lowers risk · Size: total assets €214,762
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.11, cash €2,218, halved
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 20943 sector peers (2025).
NBB · sector comparison
Position among 20943 sector peers
Solvency
better than 15%
← weakest strongest →
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 06-07-2026, 25 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
25 days early
2024
29 days late
2023
28 days late
2022
7 days early
2021
16 days late
2020
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 2 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% 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 16 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
08-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Registered officeRegistered-office move
  2. Annual accounts filedfiscal year 2025 · micro…
  3. Annual accounts filedfiscal year 2024 · micro…

Key points

  • Caution: Equity fell in 2025from €101,135 to €21,830 ▼ 78.4% View
  • Caution: Among the weakest 15% on solvencysector median 60.3% · 20,943 companies 10.2% View
  • Positive: 6 profitable years in a rowprofit 2025: €21,744 6 years View

By topic

Financials

Fiscal year
2025
Total assets
€214,762
Profit
€21,744
Solvency
10.2%
Total assets▼ 14.5%
Net result
20202025
Go to Financials

Timeline

Events
11
Since
2021
Next accounts
by 31-07-2027
  1. 31-12-2024Weakest financial year
  2. 28-08-2024Annual accounts filed
  3. 24-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Computer consultancy and computer facilities managementNACE 62200
Founded
09-09-2019
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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