CORDY & CDM

Active

Public limited companyfounded 2001active for 24 yearsMosselstraat 14A, 8470 Gistel, BelgiumKBO/BCE: BE 0476.244.660

Summary

The computed 12-month bankruptcy probability of CORDY & CDM is 9.8% (elevated). For CORDY & CDM, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €58,273 and a net result of -€142,323. Equity is shrinking by about 37% per year across the filed financial years. Its solvency ranks better than 5% of 66 sector peers (NACE 17, financial year 2022). The company has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals.

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CORDY & CDMActive

Risk analysis Report Compare

Activity

Manufacture of paper and paper products

NACE 17120Printing and reproduction of recorded media NACE 18140

1 site

Size

€599,967total assets 2022

Staff: 17.8 FTE
Equity: €58,273
Loss: -€142,323

Turnover not published (abbreviated format)

Financial health

Bankruptcy probabilitywithin 12 months: 9.8%

2022 figures too old to score

Structure

Accounts 806 days overdue0 of 4 deeds read

Signalsraises risk3 financial years not filed after the legal deadline; latest accounts 281 days late; 1 of the last 3 lateFigures for financial year 2022 (filed 07-05-2024)Size: 17.8 FTE, total assets €599,967Two or more financial years not filedFiled more than 90 days latelowers riskFounded in 2001Show the evidence

Bankruptcy probability

No current score

Figures too old

The available figures for FY 2022 are too old to assess current financial health.

Bankruptcy probability: Elevated

Filing: At least two filing cycles are missing

Financial strength, FY 2022 · tick = 2021

Weak

Solvency 35-17

equity 9.7% of total assets

Liquidity 7-25

short-term debt 83.1% · cash 2.1%

Profitability 0=

return on assets -23.7%

Bankruptcy probability, 12 months

9.8% Elevated

0%0.5%1.5%4%10%≥ 25%

About 1 in 10 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (58 companies, NACE 17, small)

Last 24 months 11-2024: 6.4%lowest value 12-2024: 6.7%▲ +0.3 percentage points vs 11-2024 01-2025: 8.6%▲ +1.9 percentage points vs 12-2024 02-2025: 8.6%● unchanged vs 01-2025 03-2025: 8.6%● unchanged vs 02-2025 04-2025: 7.9%▼ -0.7 percentage points vs 03-2025 05-2025: 7.9%● unchanged vs 04-2025 06-2025: 7.9%● unchanged vs 05-2025 07-2025: 7.9%● unchanged vs 06-2025 08-2025: 9.7%▲ +1.8 percentage points vs 07-2025 09-2025: 9.7%● unchanged vs 08-2025 10-2025: 9.7%● unchanged vs 09-2025 11-2025: 9.7%● unchanged vs 10-2025 12-2025: 9.7%● unchanged vs 11-2025 01-2026: 9.7%● unchanged vs 12-2025 02-2026: 9.7%● unchanged vs 01-2026 03-2026: 9.7%● unchanged vs 02-2026 04-2026: 9.7%● unchanged vs 03-2026 05-2026: 9.7%● unchanged vs 04-2026 06-2026: 10.4%▲ +0.7 percentage points vs 05-2026highest value 07-2026: 10.4%● unchanged vs 06-2026highest value 08-2026: 9.8%▼ -0.6 percentage points vs 07-2026 09-2026: 9.8%● unchanged vs 08-2026 10-2026: 9.8%● unchanged vs 09-2026

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Signals

Six signals.

lowers riskraises risk

3 financial years not filed after the legal deadline; latest accounts 281 days late; 1 of the last 3 late

NBB · filings

Figures for financial year 2022 (filed 07-05-2024)

NBB · annual accounts

Size: 17.8 FTE, total assets €599,967

Companies of this size fail more often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Founded in 2001

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Two or more financial years not filed

Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.

NBB · 10 filings

Position against the passed deadline

31-12-2023 year end31-07-2024 deadline15-10-2026 today

Filed more than 90 days late

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 07-05-2024, 281 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

not filed

2023

not filed

2022

281 days late

2021

23 days early

2020

1 day early

2019

16 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 4 accounts on average 60 days after the deadline; the sector median (NACE 17) for financial year 2024 is 13 days before the deadline, and 35% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

07-05-2024 Annual accounts filedfinancial year 2022 · abbreviated…
08-07-2022 Annual accounts filedfinancial year 2021 · abbreviated…
30-07-2021 Annual accounts filedfinancial year 2020 · abbreviated…

Key points

Risk: Accounts not fileddeadline was 31-07-2024 806 days late View
Risk: 5 loss-making years in a rowloss financial year 2022 -€142,323 View
Caution: Among the weakest 5% on solvencysector median 47.6% · 66 companies 9.7% View
Caution: Equity fell in 2022from €200,596 to €58,273 ▼ 71.0% View