COREDO
COREDO has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €34. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 21% of 10877 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
| Equity | €38k |
| Net result | €34 |
| Better than sector | 21% |
| Active | 9 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 4.0% | 42.6% | |
| Net result | €34 | €6k | |
| Equity | €38k | €60k | |
| Gross operating margin | €102k | €29k | |
| Total assets | €951k | €175k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - | - |
| EBITDA | €98k | €89k | €96k | €102k | €74k |
| Net profit | €34 | €349 | €1k | €64k | €48k |
| Cash flow | €58k | €51k | €68k | €93k | €72k |
| Staff costs | - | - | €6k | €21k | €7k |
| Income taxes | - | €1k | €1k | €6k | €122 |
| Dividends | - | - | - | - | - |
| Total assets | €951k | €920k | €920k | €332k | €169k |
| Equity | €38k | €38k | €38k | €37k | €-27k |
| Debt | €912k | €882k | €882k | €296k | €196k |
| of which ≤ 1y | €280k | €321k | €278k | €236k | €196k |
| of which > 1y | €632k | €561k | €604k | €60k | - |
| Working capital | €-209k | €-207k | €-165k | €-23k | €-94k |
| Employees (FTE) | - | - | 0.3 | 1.0 | 1.0 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.25 | 0.35 | 0.41 | 0.90 | 0.52 |
| Quick ratio | 0.20 | 0.28 | 0.33 | 0.81 | 0.41 |
| Working capital ratio | -22.0% | -22.6% | -17.9% | -6.9% | -55.7% |
| Solvency | 4.0% | 4.2% | 4.1% | 11.1% | -15.8% |
| Debt / equity | 23.80 | 23.01 | 23.24 | 8.01 | -7.34 |
| Long-term debt ratio | 16.48 | 14.65 | 15.91 | 1.63 | - |
| Interest coverage | 2.29 | 2.42 | 3.57 | 32.41 | 39.68 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 0.0% | 0.0% | 0.1% | 19.1% | 28.3% |
| ROE | 0.1% | 0.9% | 2.8% | 172.2% | -179.5% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (24 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €951k | €920k | €920k | €332k | €169k |
| Fixed assets | 21/28 | €879k | €807k | €807k | €120k | €67k |
| Intangible fixed assets | 21 | €52k | €46k | €3k | €6k | €9k |
| Tangible fixed assets | 22/27 | €827k | €761k | €804k | €114k | €59k |
| Current assets | 29/58 | €71k | €113k | €113k | €213k | €102k |
| Stocks & contracts in progress | 3 | €17k | €22k | €20k | €23k | €21k |
| Amounts receivable within one year | 40/41 | €51k | €87k | €88k | €179k | €77k |
| Cash & bank | 54/58 | €14 | €77 | €3k | €5k | €70 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €951k | €920k | €920k | €332k | €169k |
| Equity | 10/15 | €38k | €38k | €38k | €37k | €-27k |
| Contributions / capital | 10/11 | €20k | €20k | €20k | €20k | €20k |
| Accumulated profits (losses) | 14 | €19k | €19k | €18k | €17k | €-46k |
| Amounts payable | 17/49 | €912k | €882k | €882k | €296k | €196k |
| Amounts payable after one year | 17 | €632k | €561k | €604k | €60k | - |
| Amounts payable within one year | 42/48 | €280k | €321k | €278k | €236k | €196k |
| Trade debts payable within one year | 44 | €33k | €71k | €40k | €68k | €51k |
| Income statement | ||||||
| Gross operating margin | 9900 | €102k | €93k | €111k | €123k | €81k |
| Operating result | 9901 | €40k | €38k | €29k | €73k | €50k |
| Financial income | 75 | €3k | €82 | €518 | €349 | €161 |
| Financial charges | 65 | €43k | €37k | €27k | €3k | €2k |
| Result before taxes | 9903 | €34 | €2k | €2k | €70k | €48k |
| Income taxes | 67/77 | - | €1k | €1k | €6k | €122 |
| Net result for the period | 9904 | €34 | €349 | €1k | €64k | €48k |
| Result to be appropriated | 9905 | €34 | €349 | €1k | €64k | €48k |
| NACE primary | Agents in non-specialised wholesale trade(46190) |
| Legal form | Private limited company(610) |
| Incorporation | 19-12-2016 |
| Status | Active |
| Postal code | 2940 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11044C0413/00S003 | Flanders | 1,550 m² | 1 · 1,066 m² | 6.3 m · 1 fl. |
| 11044C0414/00B003 | Flanders | 580 m² | 1 · 101 m² | 10.3 m · 2 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
06-04-2023 Registered office moved to Stabroek
- 2940 Stabroek, Grote Molenweg 212
Technical details
{
"events": [
{
"kind": "zetel_clause_amendment_no_move",
"seat_type": "siege_social",
"new_address": null,
"old_address": {
"raw": "Starrenhoflaan 37 : 2950 Kapellen",
"city": "Kapellen",
"region": "vlaams_gewest",
"street": "Starrenhoflaan",
"country": "BE",
"postcode": "2950",
"box_number": null,
"street_number": "37",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": null,
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": null
},
{
"kind": "zetel_transfer_cross_border_in",
"seat_type": "siege_social",
"new_address": {
"raw": "2940 Stabroek, Grote Molenweg 212",
"city": "Stabroek",
"region": "vlaams_gewest",
"street": "Grote Molenweg",
"country": "BE",
"postcode": "2940",
"box_number": null,
"street_number": "212",
"locality_suffix": null
},
"old_address": null,
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": null,
"statutaire_vs_werkelijke": null,
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": null
}
],
"notary": {
"name": "Pieter Boeynaems",
"firm_city": null,
"firm_name": null,
"office_city": "Stabroek",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-04-06",
"filing_date": "2023-04-04",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2023-04-03",
"unanimous": true
},
"subject_company": {
"kbo": "0667.835.003",
"name_full": "COREDO",
"legal_form": "Co\u00F6peratieve vennootschap met beperkte aansprakelijkheid"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Pieter Boeynaems",
"org_rep_person_name": null,
"person_role_at_subject": "notaris"
},
"co_filed_documents": [
"expeditie der akte statutenwijziging",
"geco\u00F6rdineerde statuten",
"verslag bestuursorgaan"
]
}| Legal nameNL | COREDO |