CORDOS
ActiveSummary
The computed 12-month bankruptcy probability of CORDOS is 2.2% (moderate). The 2025 annual accounts show equity of €374,853 and a net result of €312,962. Equity is growing by ~60.2% per year across the filed fiscal years. The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Overview
What they do
Activity not known1 site
How big
€1.1mtotal assets 2025
- Equity
- €374,853
- Profit
- €312,962
Turnover not published (abridged schema)
Who decides
Accounts on time0 of 1 deed read
Why 59- No NACE activity registered- Limited track record+ Annual accounts: healthy financial profileLatest accounts filed on timeShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+2
Solvency60▼-27
Growth78=
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.17 against 0.52 in 2024; short-term debt: 63.5% and cash: 4.8% of total assets), and 64.8% 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 · 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
35.2%
Return on assets
29.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
on the day
2024
2 d early
2023
13 d early
2022
10 d early
2021
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 6 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today. Usually files around 28 October (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-03-2026 close01-10-2026 today31-10-2026 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Highest result since 2021net €312,962 ▲33.1%
- Annual accounts filedfiscal year 2024 · micro…
Financials
Fiscal year 2025Total assets €1.1mProfit €312,962Solvency 35.2%Liquidity 0.17
Total assets
€1.1m▲ 6.4%
2021 - 2025
Net result
€312,962▲ 33.1%
2021 - 2025
Equity
€374,853▼ 39.3%
2021 - 2025
Solvency
35.2%▼ 26.5pp
2021 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In euros
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€0.08m-€0.2m▲ 112%€0.2m▲ 21.0%€0.3m▲ 64.2%€0.4m▲ 33.2%
Net result€0.06m-€0.1m▲ 115%€0.1m▲ 17.9%€0.2m▲ 64.1%€0.3m▲ 33.1%
Equity€0.1m-€0.2m▲ 103%€0.4m▲ 59.8%€0.6m▲ 61.4%€0.4m▼ 39.3%
Total assets€0.5m-€0.7m▲ 23.4%€0.9m▲ 32.2%€1.0m▲ 13.2%€1.1m▲ 6.4%
Debt€0.4m-€0.4m▲ 1.2%€0.5m▲ 16.8%€0.4m▼ 23.6%€0.7m▲ 80.1%
Working capital-€0.3m--€0.3m▲ 2.9%-€0.3m▲ 4.3%-€0.2m▲ 37.1%-€0.6m▼ 222%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 33% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.1m
Fixed assets
€953,838 ▲ 17.9%
Current assets
€111,603 ▼ 42.0%
Equity and liabilities €1.1m
Equity
€374,853 ▼ 39.3%
Debt
€690,588 ▲ 80.1%
Debt's share of the balance-sheet total rises from 38.3% to 64.8%. Equity is lower and debt is higher.
Key figures and ratios
Key figures and ratios
EBITDA
€526,270▲
2024 · €399,234
Cash flow
€417,328▲
2024 · €317,538
Current ratio
0.17▼
2024 · 0.52
Debt to equity
1.84▲
2024 · 0.62
ROE
83.5%▲
2024 · 38.1%
ROA
29.4%▲
2024 · 23.5%
Interest coverage
2031.30▲
2024 · 691.45
Debt ≤ 1 year
€676,259▲
2024 · €367,511
Income taxes
€110,254▲
2024 · €82,009
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,781 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
2.7%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,781 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.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,693 | €46,771 | €63,542 | €82,427 | €104,366 | ▲ 26.6% |
| Other operating charges640/8 | - | €2,300 | €2,008 | €3,020 | €2,322 | ▼ 23.1% |
| Gross operating margin9900 | €117,874 | €208,545 | €258,457 | €402,253 | €528,591 | ▲ 31.4% |
| Operating profit (loss)9901 | €75,175 | €159,474 | €192,908 | €316,807 | €421,903 | ▲ 33.2% |
| Financial income75/76B | - | €0 | €99 | €890 | €1,571 | ▲ 76.6% |
| Recurring financial income75 | €10 | €0 | €99 | €890 | €1,571 | ▲ 76.6% |
| Financial charges65/66B | - | €596 | €546 | €577 | €259 | ▼ 55.1% |
| Recurring financial charges65 | €297 | €596 | €546 | €577 | €259 | ▼ 55.1% |
| Profit (loss) for the period before taxes9903 | €74,888 | €158,878 | €192,461 | €317,119 | €423,216 | ▲ 33.5% |
| Income taxes67/77 | €18,450 | €37,332 | €49,165 | €82,009 | €110,254 | ▲ 34.4% |
| Profit (loss) for the period9904 | €56,438 | €121,546 | €143,296 | €235,110 | €312,962 | ▲ 33.1% |
| Profit (loss) for the period to be appropriated9905 | €56,438 | €121,546 | €143,296 | €235,110 | €312,962 | ▲ 33.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €0.5m | €0.7m | €0.9m | €1.0m | €1.1m | ▲ 6.4% |
| Fixed assets21/28 | €0.4m | €0.5m | €0.7m | €0.8m | €1.0m | ▲ 17.9% |
| Intangible fixed assets21 | €0.4m | €0.5m | €0.6m | €0.8m | €0.9m | ▲ 18.5% |
| Tangible fixed assets22/27 | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | ▼ 20.9% |
| Furniture and vehicles24 | - | €0.007m | €0.004m | €0.004m | €0.002m | ▼ 50.9% |
| Other tangible fixed assets26 | - | €0.01m | €0.01m | €0.009m | €0.008m | ▼ 8.5% |
| Current assets29/58 | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 42.0% |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.1m | €0.2m | €0.05m | ▼ 70.4% |
| Trade receivables40 | - | €0.1m | €0.1m | €0.2m | €0.03m | ▼ 84.7% |
| Other amounts receivable41 | - | - | €0.003m | €0.01m | €0.03m | ▲ 121% |
| Cash at bank and in hand54/58 | €0.02m | €0.01m | €0.07m | €0.009m | €0.05m | ▲ 481% |
| Deferred charges and accrued income490/1 | - | €0.006m | €0.005m | €0.008m | €0.008m | ▲ 8.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €0.5m | €0.7m | €0.9m | €1.0m | €1.1m | ▲ 6.4% |
| Equity10/15 | €0.1m | €0.2m | €0.4m | €0.6m | €0.4m | ▼ 39.3% |
| Contributions10/11 | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Profit (loss) carried forward14 | €0.06m | €0.2m | €0.3m | €0.6m | €0.3m | ▼ 43.7% |
| Amounts payable17/49 | €0.4m | €0.4m | €0.5m | €0.4m | €0.7m | ▲ 80.1% |
| Amounts payable within one year42/48 | €0.4m | €0.4m | €0.5m | €0.4m | €0.7m | ▲ 84.0% |
| Trade debts44 | €0.4m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 12.3% |
| Suppliers440/4 | - | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 12.3% |
| Taxes, remuneration and social security45 | - | €0.03m | €0.05m | €0.07m | €0.08m | ▲ 14.2% |
| Taxes450/3 | - | €0.02m | €0.05m | €0.07m | €0.08m | ▲ 15.3% |
| Remuneration and social security454/9 | - | €0.005m | €0.005m | €0.005m | €0.005m | = |
| Other amounts payable47/48 | - | €0.001m | €0.001m | - | €0.3m | - |
| Accrued charges and deferred income492/3 | - | €0.008m | - | €0.02m | €0.01m | ▼ 10.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €56,438 | €121,546 | €143,296 | €235,110 | €312,962 | ▲ 33.1% |
| + Depreciation and write-downs630 | €40,693 | €46,771 | €63,542 | €82,427 | €104,366 | ▲ 26.6% |
| Operating cash flow (approximation) | €97,132 | €168,318 | €206,838 | €317,538 | €417,328 | ▲ 31.4% |
| Investment in fixed assets (approximation) | - | -€167,578 | -€186,311 | -€230,065 | -€249,178 | ▼ 8.3% |
| Change in cash | - | -€7,817 | €63,016 | -€65,352 | €42,243 | ▲ 165% |
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
8 eventsLatest 31-10-2025Next filing 31-10-2026
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2021net €312,962 ▲33.1%
Operating result €421,903, net result €312,962, both a record.
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Equity above €500,000Eq €617,891 ▲61.4%
4 profitable years in a row build equity to €617,891.
2023
18-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
21-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-03
Financial
Equity above €200,000Eq €239,485 ▲103%
2 profitable years in a row build equity to €239,485.
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
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.
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Support & recognitions
1 funding sourceFlanders €1,5251 register with a recognitionLEI issued
Flemish government
€1,525
awarded · 2025
LEI
active
967600OVQRX2N49R6908
Subsidies and aid
Flemish government
2025 · 1 entry · €1,525 awarded · €1,525 paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | €1,525 | €1,525 |
Recognitions · licences · registrations
Legal Entity Identifier
967600OVQRX2N49R6908
Company details
Private limited company · founded 31-10-2019Year ends 31-03Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded31-10-2019
Fiscal year end31-03
E-invoicing
Reachable via Peppol
Peppol ID
0208:0736986895
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2019
Ground area
3,178 m²
Building footprint
340 m²
Volume, LiDAR
1,943 m³
Parcel 31030A0640/00R000, Flanders · tallest building 33.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CORDOS
since 2019unit no. 2.295.532.318
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31030A0640/00R000 | Flanders | 3,178 m² | 1 · 340 m² | 33.1 m · 2 fl. |
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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies How does this company compare with its sector?Sector benchmark
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