Corendon Belgium
ActiveCorendon Belgium has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.15M and a net result of €17k. Equity remains stable across the filed fiscal years (±1% per year). Its solvency ranks better than 79% of 2259 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
93
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▲+19
Solvency100=
Growth22▼-43
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity ample (current ratio 4.13 against 11.9 in 2024), and 23.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← 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
76.9%
Return on assets
0.3%
Age of the figures
10 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 30-03-2026, 62 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
62 d early
2024
59 d early
2023
45 d early
2022
58 d early
2021
41 d early
2020
44 d late
2019
61 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-10-2026 close31-05-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€1.44M▼ 75.0%
2019 · €5.76M
2018: €4.92M
2019: €5.76M
2018 → 2025
EBIT margin
3.4%▼ 12.5pp
2019 · 15.9%
2018: 8.2%
2019: 15.9%
2018 → 2025
Net result
€17k▲ 3,096%
2024 · €536
2018: €137k
2019: €442k
2020: €102k
2021: €151k
2022: €11k
2023: €9k
2024: €536
2018 → 2025
Working capital
€3.90M▼ 22.1%
2024 · €5.00M
2018: €4.14M
2019: €4.60M
2020: €4.78M
2021: €4.95M
2022: €4.97M
2023: €4.99M
2024: €5.00M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€1.44M
Equity€5.11M-€5.12M▲ 0.2%€5.13M▲ 0.2%€5.13M=€4.15M▼ 19.2%
Operating result€291k-€64k▼ 77.9%€40k▼ 37.8%€26k▼ 35.8%€49k▲ 90.1%
Net result€151k-€11k▼ 92.8%€9k▼ 13.3%€536▼ 94.3%€17k▲ 3,096%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 90% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.39M
Fixed assets
€245k▲ 97.8%
Current assets
€5.15M▼ 5.8%
Equity and liabilities €5.39M
Equity
€4.15M▼ 19.2%
Debt
€1.25M▲ 171%
The debt ratio rises from 8.2% to 23.1%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€66k▲
2024 · €37k
Cash flow
€34k▲
2024 · €11k
Solvency
76.9%▼
2024 · 91.8%
Current ratio
4.13▼
2024 · 11.90
Quick ratio
4.13▼
2024 · 11.90
Debt / equity
0.30▲
2024 · 0.09
ROE
0.4%▲
2024 · 0.0%
ROA
0.3%▲
2024 · 0.0%
Interest coverage
13.30▲
2024 · 6.73
Debt
€1.25M▲
2024 · €459k
Debt ≤ 1 year
€1.25M▲
2024 · €459k
Income taxes
€27k▲
2024 · €20k
Staff costs
€1.21M▲
2024 · €1.13M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€5.59M€5.39M▼
Fixed assets21/28€124k€245k▲
Tangible fixed assets22/27€124k€245k▲
Land and buildings22€124k€220k▲
Furniture and vehicles24-€24k
Current assets29/58€5.46M€5.15M▼
Amounts receivable within one year40/41€79k€4.28M▲
Trade receivables40€70k-
Other amounts receivable41€9k€4.28M▲
Cash at bank and in hand54/58€5.38M€865k▼
Equity and liabilities
Total equity and liabilities10/49€5.59M€5.39M▼
Equity10/15€5.13M€4.15M▼
Contributions10/11€3.31M€3.31M=
Revaluation surpluses12€170k€170k=
Reserves13€1.65M€669k▼
Non-distributable reserves130/1€262k-
Reserves not available under the articles1311€262k-
Distributable reserves133€1.39M€669k▼
Amounts payable17/49€459k€1.25M▲
Amounts payable within one year42/48€459k€1.25M▲
Trade debts44€29k€30k▲
Suppliers440/4€29k€30k▲
Taxes, remuneration and social security45€230k€216k▼
Taxes450/3€20k€27k▲
Remuneration and social security454/9€210k€189k▼
Other amounts payable47/48€200k€1.00M▲
Income statement
Code20242025
Turnover70-€1.44M
Goods, raw materials, services and sundry goods60/61-€165k
Remuneration, social security and pensions62€1.13M€1.21M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€17k▲
Other operating charges640/8€3k€4k▲
Gross operating margin9900€1.17M€1.27M▲
Operating profit (loss)9901€26k€49k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€5k€5k▼
Recurring financial charges65€5k€5k▼
Profit (loss) for the period before taxes9903€20k€44k▲
Income taxes67/77€20k€27k▲
Profit (loss) for the period9904€536€17k▲
Profit (loss) for the period to be appropriated9905€536€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€536€17k▲
Transfer from equity791/2-€1.00M
Transfer to equity691/2€536€17k▲
To other reserves6921€536€17k▲
Profit to be distributed694/7-€1.00M
Return on contributions (dividend)694-€1.00M
Social balance
Average headcount (FTE)908714.515.6▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-10
Financial
Weakest financial yearnet €536 ▼94.3%
Net result drops to €536, the lowest in the series; recovery starts the following year.
16-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
03-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
20-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-10
Financial
Liquidity doublescurrent ratio 14.01
Current ratio from 6.25 to 14.01; short-term debt falls from €910k to €380k.
31-10
Financial
Equity above €5MEq €5.11M ▲3.1%
4 profitable years in a row build equity to €5.11M.
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 44 days late
2020
31-10
Financial
Liquidity triplescurrent ratio 6.25
Current ratio from 1.95 to 6.25; short-term debt falls from €4.85M to €910k.
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-10
Financial
Highest result since 2018net €442k ▲222%
Operating result €915k, net result €442k, both a record.
20-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
18-04
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
10-01-2024
Steven van der Heijden: Resigned as Director
08-12-2023
USLU Erol: Resigned as Director
14-10-2014
Eugène Johannes La Haye: Resigned as Manager
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2002
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.
Vilvoordelaan 451930 ZaventemGround area
349 m²
Building footprint
297 m²
Volume, LiDAR
2,633 m³
Parcel 23094D0327/00H002, Flanders · tallest building 10.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Voyages Beltur / Corendon / Marislife
since 20022.136.415.003
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094D0327/00H002 | Flanders | 349 m² | 1 · 297 m² | 10.5 m · 3 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.
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Of 11,177 companies in sector 82100 we hold annual accounts for 3,489. 725 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-01-1992
Fiscal year end31-10
Activities, NACEBEL
79110Travel agency activities
82100Office administrative and support services
82110Office administrative, office support and other business support activities
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.