Result
-€16,989 -€16,989
From profit to loss in 2024, after a profit of €283,879 in 2023.
E. CARDOEN
Lifetime
19 annual accounts with figures on one time axis, 36 filings since 1989peak €393,396 (2023)
-€11,837▼ €405,233
lowest -€23,113 (2022)
-€16,989▼ €300,868
peak €232,388 (2023)
€215,399▼ 7.3%
€71,554▼ 63.4%
peak 0.3 FTE (2006)
-not published
Board2 names since 2018
2 directorsBULTERIJS Peggy and 1 other
Documentsfilings and deeds
14-08-202514 days late
2024micro format
Gross margin from €393,396 to -€11,837Loss of €16,989Debts from €195,678 to €71,554Cash from €296,724 to €170,521
Key points
from the 2024 annual accountsLiquidity
4.00 was 2.19 in 2023
Short-term debts fell from €195,352 to €71,554.
Filings
36 annual accounts 101 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Turnover not published (abbreviated or micro format)
Checked score
56
Fair
Financially stronger than 59% of micro companies in retail trade (NACE 47)
Probability in this band: 1.5% to 4.2%
A confirmed filing finding caps the score at 59.
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 40,271 companies (NACE 47, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.1%▼ -0.1 percentage points vs 03-2025
05-2025: 0.2%▲ +0.1 percentage points vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.3%▲ +0.1 percentage points vs 07-2025
09-2025: 0.3%● unchanged vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.1%▼ -0.2 percentage points vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026lowest value
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.4%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 0.4%● unchanged vs 10-2026highest value
Financial strengthStrong
Score breakdown
raises risk
Capped at 59: a confirmed filing finding
Figures for financial year 2024 (filed on 14-08-2025)
Loss of €16,989 (financial year 2024)
lowers risk
Liquidity: current ratio 4.00, cash €170,521
Equity €215,399 (75.1% of total assets)
Calculation
The band follows from the bankruptcy probability. 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 47, micro). It does better than 92% of them on solvency, 92% on liquidity, 22% on profitability and 29% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as E. CARDOEN has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of E. CARDOEN itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for E. CARDOEN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €12,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is ample, with a current ratio of 4.0 (2.19 in 2023), above the usual 1.5. Short-term debt is 24.9% and cash 59.4% of total assets. 24.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 101 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline09-11-2026 today
raises risk · 2024 accounts filed 14 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 14-08-2025, 14 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
14 days late
2023
30 days late
2022
31 days late
2021
30 days late
2020
26 days late
2019
91 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 37 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0435524060
Registered office moved to Liedekerke
New registered office: Rozenlaan 84 C bus 110 te 1770 Liedekerke · General meeting of 01-10-2023 · Gazette deed
Reappointments: CARDOEN Eddy (managing director) and BULTERIJS Peggy (director)
Gazette deed
First establishment
Rozenlaan 84, Liedekerke
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| E. CARDOEN Liedekerke | €286,953 | -€11,837 | 75.1% | - |
| ELECTRO SERVICE Opwijk | €234,860 | €547 | -10.6% | - |
| MAISON BALLEZ Dour | €346,588 | -€6,130 | -97.0% | - |
| J.C. SERVICE ELECTRO T.V. Grâce-Hollogne | €204,771 | -€1,697 | 62.7% | - |
| HTC Waasmunster | €202,966 | €454 | 27.4% | - |
| Electro Messeyne Hooglede | €280,228 | -€10,792 | 54.3% | - |
| EWS PLUMACHER Eupen | €336,809 | -€7,091 | 82.9% | - |
These companies have the same main activity as E. CARDOEN: retail sale of electrical household appliances (NACE 47540). They are comparable in size and age: total assets between €203,000 and €347,000, founded between 1981 and 1994.
Official details
Source: KBO- Status
- Active since 04-10-1988Normal situation
- Activity
- Retail sale of electrical household appliancesNACE 47540and 2 others
- Establishment unit
- 2.041.237.9101770 Liedekerke, since 16-12-1988
- Financial year end
- 31 December
- Peppol
- Reachable since 21-01-2026
Insights on E. CARDOEN
E. CARDOEN files the micro format. That format states no turnover. The gross margin fell from €110,495 in 2006 to -€11,837 in 2024.
In March 2023, the Official Gazette published the appointment of CARDOEN Eddy as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about E. CARDOEN
- What is the company number of E. CARDOEN?
- The company number of E. CARDOEN is 0435.524.060. The VAT number is the same number with BE in front: BE 0435.524.060.
- Where is E. CARDOEN based?
- The registered office is at Rozenlaan 84, 1770 Liedekerke.Company details
- What does E. CARDOEN do?
- According to the KBO register, the main activity is retail sale of electrical household appliances (NACE 47540).
- What is the legal form of E. CARDOEN?
- E. CARDOEN is a public limited company (NV).
- When was E. CARDOEN founded?
- E. CARDOEN was founded on 04-10-1988.
- Is E. CARDOEN still active?
- Yes, E. CARDOEN is an active enterprise in the KBO register.
- What is the turnover of E. CARDOEN?
- The annual accounts for financial year 2024 state no turnover. The abbreviated or micro format does not require it.Financials
- Is E. CARDOEN profitable?
- In financial year 2024, E. CARDOEN made a loss of €16,989.
- Where can I find the annual accounts of E. CARDOEN?
- E. CARDOEN filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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