KORDAN
ActiveSummary
KORDAN has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €13.1m and a net result of €344,474. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 88% of 8763 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▲+24
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,050,000 at 30 days acceptable
Liquidity ample (current ratio 7.69 against 28.81 in 2024; short-term debt: 8.1% and cash: 3.8% of total assets), and 8.4% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
91.6%
Return on assets
2.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
3 d early
2024
14 d late
2023
1 d early
2022
5 d early
2021
on the day
2020
18 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 4 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€13.1m▼ 7.6%
2024 · €14.2m
Total assets
€14.3m▼ 3.1%
2024 · €14.8m
Net result
€344,474▼ 18.7%
2024 · €423,646
Working capital
€7.8m▼ 20.4%
2024 · €9.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20212022202320242025
Operating result€99,925€126,038▲ 26.1%€272,932▲ 117%€211,512▼ 22.5%€129,728▼ 38.7%
Net result€398,628above the sector's middle half€149,000above the sector's middle half▼ 62.6%€253,941above the sector's middle half▲ 70.4%€423,646above the sector's middle half▲ 66.8%€344,474above the sector's middle half▼ 18.7%
Equity€13.4mabove the sector's middle half▲ 3.1%€13.6mabove the sector's middle half▲ 1.1%€13.8mabove the sector's middle half▲ 1.9%€14.2mabove the sector's middle half▲ 2.7%€13.1mabove the sector's middle half▼ 7.6%
Total assets€14.6mabove the sector's middle half▲ 11.1%€14.6mabove the sector's middle half▼ 0.3%€14.6mabove the sector's middle half=€14.8mabove the sector's middle half▲ 1.3%€14.3mabove the sector's middle half▼ 3.1%
Debt€1.2m▲ 700%€992,649▼ 18.1%€740,482▼ 25.4%€553,524▼ 25.2%€1.2m▲ 112%
Working capital€10.0mabove the sector's middle half▲ 17.6%€9.2mabove the sector's middle half▼ 7.7%€9.4mabove the sector's middle half▲ 1.5%€9.8mabove the sector's middle half▲ 4.2%€7.8mabove the sector's middle half▼ 20.4%
Solvency91.7%above the sector's middle half▼ 7.1pp93.0%above the sector's middle half▲ 1.3pp94.7%above the sector's middle half▲ 1.7pp96.1%above the sector's middle half▲ 1.3pp91.6%above the sector's middle half▼ 4.4pp
Current ratio27.13above the sector's middle half25.45above the sector's middle half▼ 1.6829.69above the sector's middle half▲ 4.2428.81above the sector's middle half▼ 0.877.69above the sector's middle half▼ 21.12
Return on assets (ROA)2.7%within the sector's middle half▲ 5.4pp1.0%within the sector's middle half▼ 1.7pp1.7%within the sector's middle half▲ 0.7pp2.9%within the sector's middle half▲ 1.1pp2.4%within the sector's middle half▼ 0.5pp
Staff (FTE)0.3below the sector's middle half=0.3below the sector's middle half=0.3within the sector's middle half=0.3within the sector's middle half=0.4within the sector's middle half▲ 33.3%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 39% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.3m
Fixed assets
€5.4m ▲ 15.3%
Current assets
€8.9m ▼ 11.6%
Equity and liabilities €14.3m
Equity
€13.1m ▼ 7.6%
Provisions
€27,088 ▼ 4.3%
Debt
€1.2m ▲ 112%
Debt's share of the balance-sheet total rises from 3.7% to 8.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€336,906▼
2024 · €370,165
Cash flow
€551,652▼
2024 · €582,299
Debt to equity
0.09▲
2024 · 0.04
ROE
2.6%▼
2024 · 3.0%
Interest coverage
5.63▲
2024 · -4.48
Debt ≤ 1 year
€1.2m▲
2024 · €350,818
Debt > 1 year
€0▼
2024 · €200,000
Income taxes
€142,062▼
2024 · €171,961
Staff costs
€13,344▲
2024 · €10,605
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,049 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.0%
went bankrupt
3.7%
stopped otherwise
94%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 5,049 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €125,480 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | €9,805 | €9,972 | €10,605 | €13,344 | ▲ 25.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €255,710 | €233,282 | €150,749 | €158,653 | €207,178 | ▲ 30.6% |
| Other operating charges640/8 | - | €13,290 | €14,657 | €19,654 | €21,867 | ▲ 11.3% |
| Non-recurring operating charges66A | - | - | €6,680 | €0 | - | - |
| Gross operating margin9900 | €421,620 | €382,415 | €454,991 | €400,424 | €372,117 | ▼ 7.1% |
| Operating profit (loss)9901 | €99,925 | €126,038 | €272,932 | €211,512 | €129,728 | ▼ 38.7% |
| Financial income75/76B | - | €639,999 | €145,591 | €300,193 | €415,483 | ▲ 38.4% |
| Recurring financial income75 | €337,121 | €639,999 | €145,591 | €300,193 | €415,483 | ▲ 38.4% |
| Financial charges65/66B | - | €443,317 | €57,196 | -€82,689 | €59,888 | ▲ 172% |
| Recurring financial charges65 | -€37,340 | €443,317 | €57,196 | -€82,689 | €59,888 | ▲ 172% |
| Profit (loss) for the period before taxes9903 | €474,386 | €322,720 | €361,326 | €594,394 | €485,323 | ▼ 18.4% |
| Transfer from deferred taxes780 | - | €572 | €1,213 | €1,213 | €1,213 | = |
| Transfer to deferred taxes680 | - | €31,298 | €0 | - | - | - |
| Income taxes67/77 | €75,758 | €142,993 | €108,599 | €171,961 | €142,062 | ▼ 17.4% |
| Profit (loss) for the period9904 | €398,628 | €149,000 | €253,941 | €423,646 | €344,474 | ▼ 18.7% |
| Transfer from tax-exempt reserves789 | - | €1,715 | €3,639 | €3,639 | €3,639 | = |
| Transfer to tax-exempt reserves689 | - | €93,894 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €494,737 | €56,820 | €257,579 | €427,284 | €348,112 | ▼ 18.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14.6m | €14.6m | €14.6m | €14.8m | €14.3m | ▼ 3.1% |
| Fixed assets21/28 | €4.3m | €5.0m | €4.9m | €4.7m | €5.4m | ▲ 15.3% |
| Tangible fixed assets22/27 | €4.1m | €4.3m | €4.2m | €3.7m | €4.2m | ▲ 13.9% |
| Land and buildings22 | - | €3.4m | €3.3m | €3.2m | €3.7m | ▲ 15.9% |
| Plant, machinery and equipment23 | - | €18,789 | €9,156 | €6,391 | €2,966 | ▼ 53.6% |
| Furniture and vehicles24 | - | €10,069 | €11,716 | €16,342 | €19,561 | ▲ 19.7% |
| Other tangible fixed assets26 | - | €834,384 | €858,284 | €451,085 | €453,935 | ▲ 0.6% |
| Financial fixed assets28 | €130,500 | €691,048 | €729,548 | €1.0m | €1.2m | ▲ 20.2% |
| Current assets29/58 | €10.4m | €9.6m | €9.7m | €10.1m | €8.9m | ▼ 11.6% |
| Amounts receivable after more than one year29 | - | €114,000 | €130,500 | €212,188 | €316,010 | ▲ 48.9% |
| Trade receivables290 | - | €114,000 | €130,500 | €193,500 | €219,000 | ▲ 13.2% |
| Other amounts receivable291 | - | - | - | €18,688 | €97,010 | ▲ 419% |
| Amounts receivable within one year40/41 | €718,709 | €169,169 | €279,685 | €689,359 | €327,553 | ▼ 52.5% |
| Trade receivables40 | - | €43,539 | €59,462 | €62,724 | €109,741 | ▲ 75.0% |
| Other amounts receivable41 | - | €125,630 | €220,223 | €626,635 | €217,812 | ▼ 65.2% |
| Current investments50/53 | €4.3m | €3.6m | €5.3m | €7.1m | €7.7m | ▲ 7.4% |
| Cash at bank and in hand54/58 | €5.3m | €5.7m | €4.0m | €2.0m | €550,859 | ▼ 72.9% |
| Deferred charges and accrued income490/1 | - | €20,111 | €45,383 | €36,540 | €69,168 | ▲ 89.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14.6m | €14.6m | €14.6m | €14.8m | €14.3m | ▼ 3.1% |
| Equity10/15 | €13.4m | €13.6m | €13.8m | €14.2m | €13.1m | ▼ 7.6% |
| Contributions10/11 | - | €54,255 | €54,255 | €54,255 | €54,255 | = |
| Reserves13 | €7.3m | €7.4m | €7.6m | €8.0m | €6.9m | ▼ 13.4% |
| Non-distributable reserves130/1 | - | €5,425 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €5,425 | €0 | - | - | - |
| Tax-exempt reserves132 | - | €92,180 | €88,541 | €84,903 | €81,264 | ▼ 4.3% |
| Distributable reserves133 | - | €7.3m | €7.6m | €7.9m | €6.9m | ▼ 13.5% |
| Profit (loss) carried forward14 | €6.1m | €6.1m | €6.1m | €6.1m | €6.1m | = |
| Provisions and deferred taxes16 | - | €30,727 | €29,514 | €28,301 | €27,088 | ▼ 4.3% |
| Deferred taxes168 | - | €30,727 | €29,514 | €28,301 | €27,088 | ▼ 4.3% |
| Amounts payable17/49 | €1.2m | €992,649 | €740,482 | €553,524 | €1.2m | ▲ 112% |
| Amounts payable after more than one year17 | €800,000 | €600,000 | €400,000 | €200,000 | €0 | ▼ 100% |
| Financial debts170/4 | - | €600,000 | €400,000 | €200,000 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €382,438 | €377,367 | €326,305 | €350,818 | €1.2m | ▲ 231% |
| Current portion of amounts payable after more than one year42 | - | €200,000 | €200,000 | €250,000 | €200,000 | ▼ 20.0% |
| Trade debts44 | €101,994 | €64,850 | €53,438 | €19,637 | €61,027 | ▲ 211% |
| Suppliers440/4 | - | €64,850 | €53,438 | €19,637 | €61,027 | ▲ 211% |
| Taxes, remuneration and social security45 | - | €92,191 | €72,867 | €81,181 | €77,808 | ▼ 4.2% |
| Taxes450/3 | - | €90,751 | €69,500 | €75,791 | €73,833 | ▼ 2.6% |
| Remuneration and social security454/9 | - | €1,440 | €3,366 | €5,390 | €3,975 | ▼ 26.2% |
| Other amounts payable47/48 | - | €20,327 | €0 | - | €822,628 | - |
| Accrued charges and deferred income492/3 | - | €15,282 | €14,177 | €2,705 | €11,868 | ▲ 339% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €398,628 | €149,000 | €253,941 | €423,646 | €344,474 | ▼ 18.7% |
| + Depreciation and write-downs630 | €255,710 | €233,282 | €150,749 | €158,653 | €207,178 | ▲ 30.6% |
| Operating cash flow (approximation) | €654,338 | €382,282 | €404,690 | €582,299 | €551,652 | ▼ 5.3% |
| Investment in fixed assets (approximation) | - | -€965,786 | -€67,590 | €78,156 | -€924,446 | ▼ 1,283% |
| Change in cash | - | €425,075 | -€1.8m | -€1.9m | -€1.5m | ▲ 23.6% |
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
Next filing, fiscal year 2026, expected by
2026
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
14-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 14 days late
2024
30-06
Financial
Highest result since 2020net €423,646 ▲66.8%
Net result €423,646, the highest in the series.
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
23-01
State Gazette act
General meeting · Statutes amendment
Purpose change · Corporate purpose
23-01
State Gazette act
General meeting · Statutes amendment
Purpose change · Corporate purpose
2023
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-12
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
30-06
Financial
Back to profitnet €398,628
Net result €398,628 after one loss-making year.
18-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 18 days late
2020
21-12
State Gazette act
Board meeting · Director resignation
Director appointment · Permanent representative
Show earlier events
23-10
State Gazette act
Board meeting · Director resignation
Permanent representative · Director discharge
25-06
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
2019
18-11
State Gazette act
General meeting · Director resignation
Director discharge · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Kortrijk · 1 establishment unit since 2019
Ground area
8,203 m²
Building footprint
1,057 m²
Volume, LiDAR
7,221 m³
Parcel 34021B0190/00G000, Flanders · tallest building 13.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
KORDAN
since 20192.293.401.583
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34021B0190/00G000 | Flanders | 8,203 m² | 1 · 1,057 m² | 13.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Connections & network
8 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Linked via shared directors
ASSOCIATIE KU Leuven
Shared director
→
BUSINESS LANGUAGE AND COMMUNICATION CENTRE
Shared director
→
IMEC International
Shared director
→
Interuniversitair Micro-Electronica Centrum
Shared director
→
Show 4 more companies with a shared director
Katholieke Hogeschool VIVES Noord
Shared director
→
Katholieke Hogeschool Vives Zuid
Shared director
→
Katholieke Universiteit te Leuven
Shared director
→
VOKA - Kamer van Koophandel West-Vlaanderen
Shared director
→
Ownership & control
2 board mandatesBoard mandates of this companythis company sits on their board2
1 location
1 location
Recognitions · licences · registrations
Legal Entity Identifier
875500O6P2UD0IF9QE96
Similar companies · same sector, comparable size
DANAE INVESTMENT COMPANY
BE 0891.787.217
Braine-le-Comte · Eq €13,126,660
Bruurs Invest
BE 0877.816.742
Turnhout · Eq €13,137,668
L'AURVAMEDE
BE 0475.871.211
La Hulpe · Eq €13,181,631
FINPARCO
BE 0471.436.331
Antwerpen · Eq €13,190,759
LOUVRE HOTELS BENELUX
BE 0863.021.272
Vilvoorde · Eq €13,038,489
Of 82,642 companies in sector 70200 we hold annual accounts for 52,626. 5,602 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
Founded08-07-2019
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
66300Activities auxiliary to financial services and insurance activities
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
L.Danneels@televic.comKortrijk
E-invoicing
Reachable via Peppol
Peppol ID
0208:0729908964
Also
9925:BE0729908964
Registered
15-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.