CORDEC
ActiveCORDEC has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €743k and a net result of €130k. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 82% of 110 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
100
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability88▲+10
Solvency99▼-1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity ample (current ratio 2.53 against 2.59 in 2024), and 37.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
6 signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
62.7%
Return on assets
11%
Age of the figures
11 mo
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
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 27-04-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
5 d early
2023
18 d early
2022
4 d early
2021
30 d early
2020
14 d early
2019
on the day
← 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
04-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€743k▲ 9.7%
2024 · €677k
2023: €604k
2024: €677k
2023 → 2025
Total assets
€1.18M▲ 19.5%
2024 · €991k
2023: €872k
2024: €991k
2023 → 2025
Net result
€130k▲ 24.0%
2024 · €105k
2023: €103k
2024: €105k
2023 → 2025
Working capital
€535k▲ 11.9%
2024 · €478k
2023: €404k
2024: €478k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€604k-€677k▲ 12.1%€743k▲ 9.7%
Operating result€144k-€149k▲ 3.5%€184k▲ 23.9%
Net result€103k-€105k▲ 1.8%€130k▲ 24.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 24% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.18M
Fixed assets
€299k▲ 41.7%
Current assets
€885k▲ 13.5%
Equity and liabilities €1.18M
Equity
€743k▲ 9.7%
Debt
€441k▲ 40.8%
The debt ratio rises from 31.7% to 37.3%: debt grows faster than equity.
Key figures and ratios
EBITDA
€248k▲
2024 · €217k
Cash flow
€194k▲
2024 · €174k
Solvency
62.7%▼
2024 · 68.3%
Current ratio
2.53▼
2024 · 2.59
Quick ratio
2.23▼
2024 · 2.26
Debt / equity
0.59▲
2024 · 0.46
ROE
17.5%▲
2024 · 15.5%
ROA
11.0%▲
2024 · 10.6%
Interest coverage
59.51▲
2024 · 45.28
Debt
€441k▲
2024 · €314k
Debt ≤ 1 year
€350k▲
2024 · €301k
Debt > 1 year
€2k▼
2024 · €12k
Income taxes
€55k▲
2024 · €43k
Staff costs
€440k▲
2024 · €374k
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
Balance sheet
Code2025
Total assets
20/58€1.18M
Fixed assets
21/28€299k
Intangible fixed assets
21€0
Tangible fixed assets
22/27€299k
Financial fixed assets
28€70
Current assets
29/58€885k
Stocks & contracts in progress
3€105k
Amounts receivable within one year
40/41€273k
Cash & bank
54/58€502k
Total equity & liabilities
10/49€1.18M
Equity
10/15€743k
Contributions / capital
10/11€19k
Reserves
13€724k
Amounts payable
17/49€441k
Amounts payable after one year
17€2k
Amounts payable within one year
42/48€350k
Trade debts payable within one year
44€141k
Income statement
Code2025
Gross operating margin
9900€691k
Operating result
9901€184k
Financial income
75€5k
Financial charges
65€4k
Result before taxes
9903€185k
Income taxes
67/77€55k
Net result for the period
9904€130k
Result to be appropriated
9905€130k
This is the latest fiscal year. 2 prior years, with figures and ratios, belong to a paid plan.
See plans →
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Highest result since 2023net €130k ▲24%
Operating result €184k, net result €130k, both a record.
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
12-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
22-06
State Gazette act
Registered-office change
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
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Of 22,838 companies in sector 43211 we hold annual accounts for 10,009. 5,432 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2009
Fiscal year end30-09
Activities, NACEBEL
43211General electrical installation work
71121Engineering and related technical consultancy, excluding land surveyors
82990Other business support services
Sources
Crossroads Bank for EnterprisesBelgian Official Gazette · 1 actNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 17-08-2026. Scores and ratios are computed by Checked and are not a credit decision.