KORDAAT
ActiveKORDAAT has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €120k and a net result of €31k. Equity is growing by ~27.5% per year across the filed fiscal years. Its solvency ranks better than 79% of 1985 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
100
/ 100
Excellent▲ +7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency100▲+1
Growth52=
Stability94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 17.78 against 8.48 in 2024), and 27.2% 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+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 71
Relative position
BE, all sectors
reference
Sector 71
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
72.8%
Return on assets
18.5%
Age of the figures
11 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 13-03-2026, 48 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
48 d early
2024
69 d early
2023
28 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
15-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€120k▲ 34.2%
2024 · €89k
2023: €71k
2024: €89k
2023 → 2025
Total assets
€165k▲ 18.6%
2024 · €139k
2023: €148k
2024: €139k
2023 → 2025
Net result
€31k▲ 63.6%
2024 · €19k
2023: €70k
2024: €19k
2023 → 2025
Working capital
€145k▲ 36.0%
2024 · €106k
2023: €85k
2024: €106k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€71k-€89k▲ 26.4%€120k▲ 34.2%
Operating result€98k-€27k▼ 72.3%€44k▲ 60.9%
Net result€70k-€19k▼ 73.2%€31k▲ 63.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 61% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €165k
Fixed assets
€11k▼ 38.1%
Current assets
€153k▲ 27.1%
Equity and liabilities €165k
Equity
€120k▲ 34.2%
Debt
€45k▼ 9.5%
The debt ratio falls from 35.6% to 27.2%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€51k▲
2024 · €34k
Cash flow
€37k▲
2024 · €25k
Solvency
72.8%▲
2024 · 64.4%
Current ratio
17.78▲
2024 · 8.48
Quick ratio
17.78▲
2024 · 8.48
Debt / equity
0.37▼
2024 · 0.55
ROE
25.5%▲
2024 · 20.9%
ROA
18.5%▲
2024 · 13.4%
Interest coverage
133.49▲
2024 · 102.50
Debt
€45k▼
2024 · €49k
Debt ≤ 1 year
€9k▼
2024 · €14k
Debt > 1 year
€35k=
2024 · €35k
Income taxes
€13k▲
2024 · €8k
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€139k€165k▲
Fixed assets21/28€18k€11k▼
Tangible fixed assets22/27€18k€11k▼
Furniture and vehicles24€16k€10k▼
Other tangible fixed assets26€1k€1k▼
Current assets29/58€121k€153k▲
Amounts receivable within one year40/41€10k€18k▲
Trade receivables40€10k€18k▲
Cash at bank and in hand54/58€108k€133k▲
Deferred charges and accrued income490/1€2k€2k▼
Equity and liabilities
Total equity and liabilities10/49€139k€165k▲
Equity10/15€89k€120k▲
Contributions10/11€1k€1k=
Reserves13€88k€119k▲
Distributable reserves133€88k€119k▲
Amounts payable17/49€49k€45k▼
Amounts payable after more than one year17€35k€35k=
Financial debts170/4€35k€35k=
Amounts payable within one year42/48€14k€9k▼
Trade debts44€2k€1k▼
Suppliers440/4€2k€1k▼
Taxes, remuneration and social security45€11k€7k▼
Taxes450/3€11k€7k▼
Other amounts payable47/48€537€357▼
Accrued charges and deferred income492/3€184€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€7k▲
Other operating charges640/8€639€836▲
Gross operating margin9900€35k€51k▲
Operating profit (loss)9901€27k€44k▲
Financial income75/76B€1€25▲
Recurring financial income75€1€25▲
Financial charges65/66B€332€379▲
Recurring financial charges65€332€379▲
Profit (loss) for the period before taxes9903€27k€43k▲
Income taxes67/77€8k€13k▲
Profit (loss) for the period9904€19k€31k▲
Profit (loss) for the period to be appropriated9905€19k€31k▲
Appropriation of the result
Profit (loss) to be appropriated9906€19k€31k▲
Transfer to equity691/2€19k€31k▲
To other reserves6921€19k€31k▲
Social balance
Average headcount (FTE)9087-0.0
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
13-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Liquidity doublescurrent ratio 17.78
Current ratio from 8.48 to 17.78; short-term debt falls from €14k to €9k.
30-09
Financial
Equity above €100kEq €120k ▲34.2%
3 profitable years in a row build equity to €120k.
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet €19k ▼73.2%
Net result drops to €19k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity triplescurrent ratio 8.48
Current ratio from 3.07 to 8.48; short-term debt falls from €41k to €14k.
02-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Kortemark · 1 establishment unit since 2022
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.
Gouden-Hoofdstraat 5A8610 KortemarkGround area
543 m²
Building footprint
93 m²
Volume, LiDAR
10 m³
Parcel 32005G0587/00X000, Flanders · tallest building 1.4 m. Linked by address, not a title deed.
1 establishment unit
KORDAAT
since 20222.332.608.785
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32005G0587/00X000 | Flanders | 543 m² | 1 · 93 m² | 1.4 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 2024 · 2 entries · 270 EUR awarded · 270 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 90 EUR | 90 EUR |
| 2022 | 1 | 180 EUR | 180 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 18,213 companies in sector 71111 we hold annual accounts for 6,293. 5,413 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-06-2022
Fiscal year end30-09
Activities, NACEBEL
71111Activities of building architects
68121Development of residential building projects
68122Development of non-residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 3 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.