CORYDON
ActiveSummary
CORYDON has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €337,163 and a net result of €38,547. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 62% of 15872 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▲+1
Solvency80▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 0.93 in 2023; short-term debt: 10.3% and cash: 9.1% of total assets), and 45.4% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
61 d late
2022
59 d late
2021
61 d late
2020
146 d late
2019
143 d late
← 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 83 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€337,163▲ 12.9%
2023 · €298,616
Total assets
€617,298▲ 1.5%
2023 · €607,920
Net result
€38,547▲ 11.2%
2023 · €34,650
Working capital
€13,849
2023 · -€4,180
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€28,278▼ 50.4%€37,356▲ 32.1%€32,329▼ 13.5%€54,034▲ 67.1%€57,663▲ 6.7%
Net result€10,426within the sector's middle half▼ 69.4%€22,023within the sector's middle half▲ 111%€17,758within the sector's middle half▼ 19.4%€34,650above the sector's middle half▲ 95.1%€38,547above the sector's middle half▲ 11.2%
Equity€224,185above the sector's middle half▲ 4.9%€246,208above the sector's middle half▲ 9.8%€263,966above the sector's middle half▲ 7.2%€298,616above the sector's middle half▲ 13.1%€337,163above the sector's middle half▲ 12.9%
Total assets€626,968above the sector's middle half▼ 5.5%€619,446above the sector's middle half▼ 1.2%€607,987above the sector's middle half▼ 1.8%€607,920above the sector's middle half=€617,298above the sector's middle half▲ 1.5%
Debt€402,783▼ 10.4%€373,238▼ 7.3%€344,021▼ 7.8%€309,304▼ 10.1%€280,135▼ 9.4%
Working capital€14,965within the sector's middle half▼ 15.4%-€1,917within the sector's middle half-€16,583below the sector's middle half▼ 765%-€4,180within the sector's middle half▲ 74.8%€13,849within the sector's middle half
Solvency35.8%within the sector's middle half▲ 3.5pp39.7%within the sector's middle half▲ 4.0pp43.4%within the sector's middle half▲ 3.7pp49.1%within the sector's middle half▲ 5.7pp54.6%within the sector's middle half▲ 5.5pp
Current ratio1.53within the sector's middle half▲ 0.150.96within the sector's middle half▼ 0.570.70below the sector's middle half▼ 0.260.93within the sector's middle half▲ 0.221.22within the sector's middle half▲ 0.29
Return on assets (ROA)1.7%within the sector's middle half▼ 3.5pp3.6%within the sector's middle half▲ 1.9pp2.9%within the sector's middle half▼ 0.6pp5.7%within the sector's middle half▲ 2.8pp6.2%within the sector's middle half▲ 0.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 7% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €617,298
Fixed assets
€539,746 ▼ 2.8%
Current assets
€77,552 ▲ 47.1%
Equity and liabilities €617,298
Equity
€337,163 ▲ 12.9%
Debt
€280,135 ▼ 9.4%
Debt's share of the balance-sheet total falls from 50.9% to 45.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€80,211▲
2023 · €79,418
Cash flow
€61,095▲
2023 · €60,034
Debt to equity
0.83▼
2023 · 1.04
ROE
11.4%▼
2023 · 11.6%
Interest coverage
15.07▲
2023 · 10.83
Debt ≤ 1 year
€63,703▲
2023 · €56,917
Debt > 1 year
€213,272▼
2023 · €250,406
Income taxes
€13,814▲
2023 · €12,054
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,129 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 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% | 1.7% |
| 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 75% 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 20,129 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,242 | €22,292 | €23,377 | €25,384 | €22,548 | ▼ 11.2% |
| Other operating charges640/8 | - | €4,434 | €5,605 | €5,769 | €5,169 | ▼ 10.4% |
| Gross operating margin9900 | €56,567 | €64,082 | €61,311 | €85,187 | €85,379 | ▲ 0.2% |
| Operating profit (loss)9901 | €28,278 | €37,356 | €32,329 | €54,034 | €57,663 | ▲ 6.7% |
| Financial income75/76B | - | - | €4 | €0 | €20 | ▲ 200,400% |
| Recurring financial income75 | - | - | €4 | €0 | €20 | ▲ 200,400% |
| Financial charges65/66B | - | €6,977 | €6,583 | €7,330 | €5,322 | ▼ 27.4% |
| Recurring financial charges65 | €13,132 | €6,977 | €6,583 | €7,330 | €5,322 | ▼ 27.4% |
| Profit (loss) for the period before taxes9903 | €15,146 | €30,379 | €25,750 | €46,704 | €52,361 | ▲ 12.1% |
| Income taxes67/77 | €4,720 | €8,356 | €7,992 | €12,054 | €13,814 | ▲ 14.6% |
| Profit (loss) for the period9904 | €10,426 | €22,023 | €17,758 | €34,650 | €38,547 | ▲ 11.2% |
| Profit (loss) for the period to be appropriated9905 | €10,426 | €22,023 | €17,758 | €34,650 | €38,547 | ▲ 11.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €626,968 | €619,446 | €607,987 | €607,920 | €617,298 | ▲ 1.5% |
| Fixed assets21/28 | €583,944 | €571,320 | €568,661 | €555,183 | €539,746 | ▼ 2.8% |
| Tangible fixed assets22/27 | €583,944 | €571,320 | €568,661 | €555,183 | €539,746 | ▼ 2.8% |
| Land and buildings22 | - | €550,314 | €552,098 | €537,270 | €525,064 | ▼ 2.3% |
| Plant, machinery and equipment23 | - | €1,921 | €1,854 | €1,939 | €1,998 | ▲ 3.0% |
| Furniture and vehicles24 | - | €16,882 | €12,745 | €14,247 | €11,196 | ▼ 21.4% |
| Other tangible fixed assets26 | - | €2,202 | €1,964 | €1,726 | €1,488 | ▼ 13.8% |
| Current assets29/58 | €43,024 | €48,126 | €39,327 | €52,737 | €77,552 | ▲ 47.1% |
| Amounts receivable within one year40/41 | €3,074 | €39,015 | €19,588 | €34,253 | €18,161 | ▼ 47.0% |
| Trade receivables40 | - | €38,735 | €19,588 | €34,253 | €18,161 | ▼ 47.0% |
| Other amounts receivable41 | - | €280 | - | - | - | - |
| Cash at bank and in hand54/58 | €38,657 | €6,250 | €17,863 | €15,312 | €56,435 | ▲ 269% |
| Deferred charges and accrued income490/1 | - | €2,861 | €1,875 | €3,172 | €2,956 | ▼ 6.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €626,968 | €619,446 | €607,987 | €607,920 | €617,298 | ▲ 1.5% |
| Equity10/15 | €224,185 | €246,208 | €263,966 | €298,616 | €337,163 | ▲ 12.9% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Revaluation surpluses12 | - | €18,226 | €18,226 | €18,226 | €18,226 | = |
| Reserves13 | €1,859 | €11,859 | €21,859 | €31,859 | €51,859 | ▲ 62.8% |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | - | - | - |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | - | - | - |
| Distributable reserves133 | - | €10,000 | €20,000 | €31,859 | €51,859 | ▲ 62.8% |
| Profit (loss) carried forward14 | €185,508 | €197,530 | €205,289 | €229,939 | €248,486 | ▲ 8.1% |
| Amounts payable17/49 | €402,783 | €373,238 | €344,021 | €309,304 | €280,135 | ▼ 9.4% |
| Amounts payable after more than one year17 | €367,704 | €318,750 | €285,771 | €250,406 | €213,272 | ▼ 14.8% |
| Financial debts170/4 | - | €318,750 | €285,771 | €250,406 | €213,272 | ▼ 14.8% |
| Amounts payable within one year42/48 | €28,059 | €50,043 | €55,910 | €56,917 | €63,703 | ▲ 11.9% |
| Current portion of amounts payable after more than one year42 | - | €19,872 | €18,978 | €16,865 | €33,848 | ▲ 101% |
| Trade debts44 | €8,840 | €2,439 | €12,731 | €14,695 | €612 | ▼ 95.8% |
| Suppliers440/4 | - | €2,439 | €12,731 | €14,695 | €612 | ▼ 95.8% |
| Taxes, remuneration and social security45 | - | €22,768 | €24,149 | €24,990 | €27,220 | ▲ 8.9% |
| Taxes450/3 | - | €22,768 | €24,149 | €24,990 | €27,220 | ▲ 8.9% |
| Other amounts payable47/48 | - | €4,964 | €52 | €367 | €2,023 | ▲ 451% |
| Accrued charges and deferred income492/3 | - | €4,446 | €2,340 | €1,980 | €3,160 | ▲ 59.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,426 | €22,023 | €17,758 | €34,650 | €38,547 | ▲ 11.2% |
| + Depreciation and write-downs630 | €21,242 | €22,292 | €23,377 | €25,384 | €22,548 | ▼ 11.2% |
| Operating cash flow (approximation) | €31,668 | €44,315 | €41,136 | €60,034 | €61,095 | ▲ 1.8% |
| Investment in fixed assets (approximation) | - | -€9,668 | -€20,718 | -€11,905 | -€7,112 | ▲ 40.3% |
| Change in cash | - | -€32,407 | €11,613 | -€2,551 | €41,123 | ▲ 1,712% |
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
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €38,547 ▲11.2%
Operating result €57,663, net result €38,547, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
24-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 146 days late
2020
31-12
Financial
Weakest financial yearnet €10,426 ▼69.4%
Net result drops to €10,426, the lowest in the series; recovery starts the following year.
21-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 143 days late
2019
31-12
Financial
Equity above €200,000Eq €213,759 ▲19%
2 profitable years in a row build equity to €213,759.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 59 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Gent · 1 establishment unit since 1993
Ground area
999 m²
Building footprint
324 m²
Volume, LiDAR
1,867 m³
2 parcels, Flanders · tallest building 14.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Koninginlaan 22, 9820 Merelbeke-Melle
since 19932.060.414.612
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44043A0474/00C005 | Flanders | 800 m² | 1 · 236 m² | 9.9 m · 1 fl. |
| 44808H0036/00L003 | Flanders | 198 m² | 1 · 88 m² | 14.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,173 companies in sector 46499 we hold annual accounts for 743. 564 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
Founded28-10-1992
Fiscal year end31-12
Activities, NACEBEL 2025
46499Wholesale of other household goods
59201Sound recording
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448566996
Also
9925:BE0448566996
Registered
05-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.