Firma V. De Cnodder
ActiveFirma V. De Cnodder has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.17M and a net result of €374k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 28% of 7447 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
62
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability80▲+1
Solvency52=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity tight (current ratio 1.17 against 1.18 in 2023; short-term debt: 66.8% and cash: 12.5% of total assets), and 73.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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 2024Solvency, return and age of the figures
Solvency
26.9%
Return on assets
8.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-08-2025, 26 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
26 d late
2023
29 d late
2022
45 d early
2021
9 d early
2020
32 d early
2019
12 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€1.17M=
2023 · €1.17M
2018: €1.10M
2019: €1.15M
2020: €1.16M
2021: €1.16M
2022: €1.16M
2023: €1.17M
2018 → 2024
Total assets
€4.33M▲ 1.1%
2023 · €4.28M
2018: €3.51M
2019: €3.66M
2020: €3.13M
2021: €3.45M
2022: €4.16M
2023: €4.28M
2018 → 2024
Net result
€374k▲ 2.4%
2023 · €366k
2018: €495k
2019: €405k
2020: €295k
2021: €236k
2022: €400k
2023: €366k
2018 → 2024
Working capital
€479k▼ 8.3%
2023 · €522k
2018: €537k
2019: €698k
2020: €635k
2021: €671k
2022: €602k
2023: €522k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.16M-€1.16M▲ 0.1%€1.16M▲ 0.1%€1.17M▲ 0.5%€1.17M=
Operating result€266k-€204k▼ 23.2%€389k▲ 90.3%€335k▼ 13.9%€340k▲ 1.6%
Net result€295k-€236k▼ 20.0%€400k▲ 69.9%€366k▼ 8.7%€374k▲ 2.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 2% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.33M
Fixed assets
€959k▲ 7.6%
Current assets
€3.37M▼ 0.6%
Equity and liabilities €4.33M
Equity
€1.17M=
Debt
€3.16M▲ 1.5%
The debt ratio rises from 72.8% to 73.1%. Debt is higher.
Key figures and ratios
EBITDA
€660k▲
2023 · €637k
Cash flow
€695k▲
2023 · €668k
Solvency
26.9%▼
2023 · 27.2%
Current ratio
1.17▼
2023 · 1.18
Quick ratio
0.94▼
2023 · 1.08
Debt / equity
2.71▲
2023 · 2.68
ROE
32.1%▲
2023 · 31.4%
ROA
8.6%▲
2023 · 8.5%
Interest coverage
42.03▼
2023 · 57.36
Debt
€3.16M▲
2023 · €3.12M
Debt ≤ 1 year
€2.89M▲
2023 · €2.87M
Debt > 1 year
€256k▲
2023 · €248k
Income taxes
€15k▲
2023 · €14k
Staff costs
€1.30M▼
2023 · €1.34M
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€4.28M€4.33M▲
Fixed assets21/28€891k€959k▲
Tangible fixed assets22/27€889k€957k▲
Land and buildings22-€41k
Plant, machinery and equipment23€74k€144k▲
Furniture and vehicles24€815k€772k▼
Financial fixed assets28€2k€2k=
Current assets29/58€3.39M€3.37M▼
Amounts receivable after more than one year29€21k€11k▼
Other amounts receivable291€21k€11k▼
Stocks and contracts in progress3€290k€643k▲
Stocks30/36€7k€6k▼
Contracts in progress37€283k€637k▲
Amounts receivable within one year40/41€2.18M€2.17M▼
Trade receivables40€1.93M€1.96M▲
Other amounts receivable41€255k€207k▼
Cash at bank and in hand54/58€889k€541k▼
Deferred charges and accrued income490/1€8k€7k▼
Equity and liabilities
Total equity and liabilities10/49€4.28M€4.33M▲
Equity10/15€1.17M€1.17M=
Contributions10/11€66k€66k=
Reserves13€1.10M€1.10M=
Non-distributable reserves130/1€7k€7k=
Reserves not available under the articles1311€7k€7k=
Tax-exempt reserves132€40k€40k=
Distributable reserves133€1.05M€1.05M=
Amounts payable17/49€3.12M€3.16M▲
Amounts payable after more than one year17€248k€256k▲
Financial debts170/4€248k€256k▲
Amounts payable within one year42/48€2.87M€2.89M▲
Current portion of amounts payable after more than one year42€125k€142k▲
Trade debts44€2.31M€2.30M▼
Suppliers440/4€2.31M€2.30M▼
Taxes, remuneration and social security45€73k€72k▼
Taxes450/3€14k€29k▲
Remuneration and social security454/9€60k€43k▼
Other amounts payable47/48€364k€380k▲
Accrued charges and deferred income492/3€344€16k▲
Income statement
Code20232024
Non-recurring operating income76A€2k€31k▲
Remuneration, social security and pensions62€1.34M€1.30M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€303k€320k▲
Other operating charges640/8€41k€28k▼
Gross operating margin9900€2.01M€1.99M▼
Operating profit (loss)9901€335k€340k▲
Financial income75/76B€56k€68k▲
Recurring financial income75€5k€623▼
Non-recurring financial income76B€50k€68k▲
Financial charges65/66B€11k€19k▲
Recurring financial charges65€11k€16k▲
Non-recurring financial charges66B€186€3k▲
Profit (loss) for the period before taxes9903€379k€389k▲
Income taxes67/77€14k€15k▲
Profit (loss) for the period9904€366k€374k▲
Profit (loss) for the period to be appropriated9905€366k€374k▲
Appropriation of the result
Profit (loss) to be appropriated9906€366k€374k▲
Transfer to equity691/2€6k€369▼
To other reserves6921€6k€369▼
Profit to be distributed694/7€360k€374k▲
Directors or managers695€360k€374k▲
Social balance
Average headcount (FTE)908719.217.8▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €236k ▼20%
Net result drops to €236k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 12 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
09-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 70 days late
2017
02-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
11-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Herentals · 1 establishment unit since 1967
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.
Hannekenshoek(HRT) 292200 HerentalsGround area
3.0 ha
Building footprint
2,147 m²
Volume, LiDAR
1,322 m³
Parcel 13302D0695/00A002, Flanders · tallest building 5.3 m. Linked by address, not a title deed.
1 establishment unit
FIRMA V. DE CNODDER
since 19672.000.092.092
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13302D0695/00A002 | Flanders | 3.0 ha | 1 · 2,147 m² | 5.3 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 15,078 EUR awarded · 14,623 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 3,727 EUR | 3,727 EUR |
| 2024 | 2 | 4,477 EUR | 4,022 EUR |
| 2023 | 2 | 3,940 EUR | 4,343 EUR |
| 2022 | 2 | 2,934 EUR | 2,531 EUR |
Schemes
Individueel Maatwerk
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
DARON TERRASSEMENTS
BE 0716.939.470
Houyet · Eq €1.17M
DELABASSEE
BE 0415.674.791
Celles (lez-Tournai) · Eq €1.16M
GRONDWERKEN BJORN MEYSMANS
BE 0835.109.028
Sint-Katelijne-Waver · Eq €1.16M
GRONDWERKEN KRIS AERNOUTS
BE 0830.955.052
Hoogstraten · Eq €1.17M
CROMBEZ MARC
BE 0455.325.918
Diksmuide · Eq €1.17M
Of 8,456 companies in sector 43120 we hold annual accounts for 3,232. 1,588 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Activities, NACEBEL
43120Site preparation
45112
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
3 entriesE-mail:de.cnodder@tiscali.be
Phone:014/21.14.91
Fax:014/22.21.29