CORDON
ActiveSummary
CORDON has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €461k and a net result of €142k. Equity is growing by ~43.5% per year across the filed fiscal years. Its solvency ranks better than 64% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
86
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability95▼-5
Solvency95▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.83 against 2.99 in 2024; short-term debt: 22.2% and cash: 10.2% of total assets), and 30.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
Sector 70
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
69.6%
Return on assets
21.4%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-02-2026, 27 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 · 9 filingsDeviation from the deadline
2025
27 d late
2024
4 d late
2023
29 d late
2022
28 d late
2021
28 d late
2020
28 d late
2019
9 d early
← before the deadline
after the deadline →
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 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€461k▲ 34.2%
2024 · €343k
2019: €76k
2020: €76k
2021: €77k
2022: €127k
2023: €206k
2024: €343k
2019 → 2025
Total assets
€663k▲ 17.0%
2024 · €567k
2019: €97k
2020: €97k
2021: €194k
2022: €224k
2023: €281k
2024: €567k
2019 → 2025
Net result
€142k▼ 22.1%
2024 · €182k
2019: €17k
2020: €17k
2021: €112k
2022: €92k
2023: €121k
2024: €182k
2019 → 2025
Working capital
€416k▲ 40.2%
2024 · €297k
2019: €69k
2020: €60k
2021: €79k
2022: €111k
2023: €171k
2024: €297k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€77k-€127k▲ 65.4%€206k▲ 62.1%€343k▲ 66.9%€461k▲ 34.2%
Operating result€126k-€105k▼ 17.0%€143k▲ 36.4%€231k▲ 62.1%€203k▼ 12.2%
Net result€112k-€92k▼ 17.5%€121k▲ 31.1%€182k▲ 50.4%€142k▼ 22.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 12% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €663k
Fixed assets
€100k ▼ 17.6%
Current assets
€563k ▲ 26.4%
Equity and liabilities €663k
Equity
€461k ▲ 34.2%
Debt
€202k ▼ 9.6%
Debt's share of the balance-sheet total falls from 39.4% to 30.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€234k▼
2024 · €247k
Cash flow
€173k▼
2024 · €198k
Current ratio
3.83▲
2024 · 2.99
Debt to equity
0.44▼
2024 · 0.65
ROE
30.7%▼
2024 · 52.9%
ROA
21.4%▼
2024 · 32.1%
Interest coverage
49.04▼
2024 · 88.50
Debt ≤ 1 year
€147k▼
2024 · €149k
Debt > 1 year
€55k▼
2024 · €72k
Income taxes
€83k▲
2024 · €61k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€567k€663k▲
Fixed assets21/28€121k€100k▼
Tangible fixed assets22/27€117k€95k▼
Plant, machinery and equipment23€10k€5k▼
Furniture and vehicles24€107k€90k▼
Financial fixed assets28€4k€4k=
Current assets29/58€446k€563k▲
Amounts receivable within one year40/41€324k€491k▲
Trade receivables40€36k€67k▲
Other amounts receivable41€287k€424k▲
Cash at bank and in hand54/58€120k€67k▼
Deferred charges and accrued income490/1€2k€4k▲
Equity and liabilities
Total equity and liabilities10/49€567k€663k▲
Equity10/15€343k€461k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€140k€257k▲
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Distributable reserves133€138k€255k▲
Profit (loss) carried forward14€198k€198k=
Amounts payable17/49€223k€202k▼
Amounts payable after more than one year17€72k€55k▼
Financial debts170/4€72k€55k▼
Amounts payable within one year42/48€149k€147k▼
Current portion of amounts payable after more than one year42€17k€17k▲
Trade debts44€6k€21k▲
Suppliers440/4€6k€21k▲
Taxes, remuneration and social security45€82k€85k▲
Taxes450/3€82k€85k▲
Other amounts payable47/48€44k€24k▼
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€31k▲
Other operating charges640/8€1k€13k▲
Gross operating margin9900€248k€247k▼
Operating profit (loss)9901€231k€203k▼
Financial income75/76B€14k€27k▲
Recurring financial income75€14k€27k▲
Financial charges65/66B€3k€5k▲
Recurring financial charges65€3k€5k▲
Profit (loss) for the period before taxes9903€242k€225k▼
Income taxes67/77€61k€83k▲
Profit (loss) for the period9904€182k€142k▼
Profit (loss) for the period to be appropriated9905€182k€142k▼
Appropriation of the result
Profit (loss) to be appropriated9906€379k€339k▼
Profit (loss) brought forward from the previous period14P€198k€198k=
Transfer to equity691/2€138k€118k▼
To other reserves6921€138k€118k▼
Profit to be distributed694/7€44k€24k▼
Directors or managers695€44k€24k▼
The notes to these accounts (7 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
27-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
04-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
30-06
Financial
Highest result since 2019net €182k ▲50.4%
Operating result €231k, net result €182k, both a record.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
30-06
Financial
Equity above €200kEq €206k ▲62.1%
5 profitable years in a row build equity to €206k.
28-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
30-06
Financial
Equity above €100kEq €127k ▲65.4%
4 profitable years in a row build equity to €127k.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
28-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 28 days late
2020
22-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
15-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 15 days late
2018
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 21 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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 2016
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.
Loodwitstraat(Kor) 738500 KortrijkGround area
1,441 m²
Building footprint
103 m²
Volume, LiDAR
674 m³
Parcel 34353B0035/00E030, Flanders · tallest building 11.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Cordon
since 20162.254.901.689
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34353B0035/00E030 | Flanders | 1,441 m² | 1 · 103 m² | 11.8 m · 2 fl. |
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
2025 · 1 entry · 85 EUR awarded · 85 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 85 EUR | 85 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
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VAN HECKE CONSULTANCY
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ADX CONSULT
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MARNIX MOENS
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 35,292 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded19-07-2016
Fiscal year end30-06
Activities, NACEBEL 2025
70200Business and other management consultancy
64210Activities of holding companies
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:wilfriedvanwelden@hotmail.com
Phone:0476961661