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KORDEKOR

Active
Public limited companyfounded 195571 yrs activeEvolis(Kor) 76, 8500 Kortrijk, BelgiumKBO/BCE: BE 0405.344.885
Summary

KORDEKOR has been active since 1955 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.8m and a net result of €52,064. Equity is growing by ~4.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 2401 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Risk analysisWatch ReportCompare
KORDEKORActiveChecked score 86/100
Risk analysis ReportCompare

Overview

Activity
Joinery installation
NACE 43320Wallpapering and laying of floor and wall coverings in other materials NACE 43333NACE 45433
#1 oldest company in Kortrijk, Construction sector1 site
Size
€31.6mturnover 2025
Staff
63.5 FTE
Equity
€2.8m
Profit
€52,064
Financial health
86 Excellent Checked score 2025
Bankruptcy chance 12 m
0.2%
Structure
Parent
OMNIKOR · 100%
Board
2 members
Auditor: Moore AuditAccounts 55 d early
Why 86- Sector Specialised construction activities (NACE 43)- 1 of the last 3 late+ Founded in 1955+ Liquidity: current ratio 0.99, cash €1.8mShow the evidence

Checked score

Score 2025
86 / 100
Excellent
Probability in this band: under 0.55%
Better than 37% of its sector peers (NACE 43, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2023
Average
Solvency 52+2
equity 27.0% of total assets
Liquidity 33+21
short-term debt 72.0% · cash 17.7%
Profitability 53+43
return on assets 0.5%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (243 companies)
Last 24 months 11-2024: 2.1% 12-2024: 2.1%● 0.0% vs 11-2024 01-2025: 2.1%● 0.0% vs 12-2024 02-2025: 2.1%▼ -2.9% vs 01-2025 03-2025: 2.0%▼ -0.8% vs 02-2025 04-2025: 2.0%● 0.0% vs 03-2025 05-2025: 2.1%▲ +0.5% vs 04-2025 06-2025: 2.0%▼ -2.9% vs 05-2025 07-2025: 2.1%▲ +7.9% vs 06-2025 08-2025: 2.7%▲ +27.6% vs 07-2025 09-2025: 2.9%▲ +4.2% vs 08-2025 10-2025: 3.6%▲ +25.3% vs 09-2025 11-2025: 3.6%▲ +1.2% vs 10-2025 12-2025: 3.8%▲ +6.1% vs 11-2025 01-2026: 5.8%▲ +51.4% vs 12-2025highest value 02-2026: 5.8%● 0.0% vs 01-2026highest value 03-2026: 5.8%● 0.0% vs 02-2026highest value 04-2026: 5.4%▼ -7.8% vs 03-2026 05-2026: 5.4%● 0.0% vs 04-2026 06-2026: 0.2%▼ -95.8% vs 05-2026lowest value 07-2026: 0.2%● 0.0% vs 06-2026lowest value 08-2026: 0.2%● 0.0% vs 07-2026lowest value 09-2026: 0.2%● 0.0% vs 08-2026lowest value 10-2026: 0.2%● 0.0% vs 09-2026lowest value
  • Founded in 1955 lowers the probability for this profile
  • Sector Specialised construction activities (NACE 43) raises the probability
  • Liquidity: current ratio 0.99, cash €1.8m lowers the probability
  • 1 of the last 3 late raises the probability
Credit up to €240,000 at 30 days acceptable
Liquidity short (current ratio 0.99 against 1.15 in 2023; short-term debt: 72% and cash: 17.7% of total assets), and 73% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 43, medium-sized). Better than this share of them on solvency 39%, liquidity 44%, profitability 29%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Founded in 1955
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Sector Specialised construction activities (NACE 43)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Liquidity: current ratio 0.99, cash €1.8m
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
neutral · Latest accounts filed on time
The financial year that closed on 30-11-2025 was due by 30-06-2026 and was filed on 06-05-2026, 55 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
55 d early
2023
75 d late
2022
13 d early
2021
32 d early
2020
39 d early
2019
20 d late
2018
34 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 11 days before the deadline; the sector median for financial year 2023 is 1 day before the deadline, and 44% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Appointment: Wouter DESMET (day-to-day manager)Power of attorney
  2. Annual accounts filedfiscal year 2025 · full…
  3. Back to profitnet €52,064

Key points

  • Positive: Oldest company in Kortrijk, Construction sectorin the Checked rankings #1 View
  • Controlled by OMNIKOR 100% View
  • Active since 1955founded 20-01-1955 71 years View

By topic

Financials

Fiscal year
2025
Turnover
€31.6m
Profit
€52,064
Solvency
27.0%
Turnover▲ 80.9%
Net result
20182025
Go to Financials

Timeline

Events
39
Since
2007
  1. 02-06-2026Appointment: Wouter DESMET (day-to-day manager)
  2. 06-05-2026Annual accounts filed
  3. 30-11-2025Back to profit
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Joinery installationNACE 43320
Founded
20-01-1955
Year ends
30-11
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
Interieurwerken, coördinatie, schilderwerken, historische gebouwen, meubelen, plafonds…
Go to Articles of association

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