ACTIVE

CORDA

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Financial year 2025 · closed on 31/12/2025

Net result

57,2 k €

-2.0% YoY

Gross margin

163,3 k €

+1.2% YoY

Equity

1,7 M €

+2.2% YoY

What does CORDA do?

CORDA is a Public limited company incorporated in 1970. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Balen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0407.326.061

Incorporation

04/09/1970

Legal form

Public limited company

Registered office

Molsesteenweg 131
2490 Balen · FlandreSee on map

Contributed capital

100 629,64 €

Latest accounts

31/12/2025

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2006
Income statement
Gross margin	163,3 k €	+1.2%	161,3 k €	+4.8%	153,9 k €	-5.1%	162,3 k €	+13.5%	143 k €	+11.1%	128,8 k €	+50.2%	85,7 k €	-2.2%	87,6 k €	-13.7%	101,5 k €	+60.7%	63,2 k €	-17.3%	76,4 k €	-10.7%	85,6 k €	+14.0%	75,1 k €	-3.2%	77,5 k €	+7.0%	72,4 k €	-31.0%	105 k €	-15.6%	124,4 k €	+45.2%	85,7 k €
EBITDA	142,5 k €	+1.0%	141,1 k €	+5.9%	133,3 k €	-6.3%	142,2 k €	+16.2%	122,4 k €	+11.1%	110,2 k €	+62.7%	67,7 k €	+38.8%	48,8 k €	-31.2%	71 k €	+39.8%	50,7 k €	-19.1%	62,8 k €	-15.8%	74,5 k €	+70.6%	43,7 k €	-37.0%	69,4 k €	+6.6%	65,1 k €	-28.7%	91,2 k €	-20.3%	114,6 k €	+45.9%	78,5 k €
Operating result	79,5 k €	-3.9%	82,7 k €	+3.8%	79,7 k €	-10.0%	88,6 k €	+28.1%	69,2 k €	+28.1%	54 k €	+488%	9,2 k €	+195%	-9,7 k €	-166%	14,7 k €	-2.3%	15 k €	-73.4%	56,6 k €	-20.4%	71,1 k €	+95.4%	36,4 k €	-46.8%	68,3 k €	+6.7%	64 k €	-28.6%	89,6 k €	-20.6%	112,9 k €	+45.9%	77,4 k €
Net result	57,2 k €	-2.0%	58,4 k €	+5.3%	55,4 k €	-8.9%	60,8 k €	+33.9%	45,4 k €	+344%	-18,6 k €	-4741%	-385,1 €	+98.3%	-23,1 k €	-1.3%	-22,8 k €	-131%	74 k €	-86.6%	551,8 k €	+1073%	47,1 k €	+189%	16,3 k €	-56.5%	37,4 k €	+9.8%	34,1 k €	-26.1%	46,1 k €	-89.8%	451,9 k €	+1116%	37,2 k €
Balance sheet
Equity	1,7 M €	+2.2%	1,7 M €	+2.3%	1,7 M €	+3.5%	1,6 M €	+4.0%	1,5 M €	+4.7%	1,5 M €	-1.3%	1,5 M €	-0.0%	1,5 M €	-1.5%	1,5 M €	-1.5%	1,5 M €	+5.1%	1,5 M €	+60.8%	907,3 k €	+5.5%	860,3 k €	+1.9%	844 k €	+4.6%	806,6 k €	+4.4%	772,5 k €	+6.4%	726,3 k €	+8.3%	670,4 k €
Total assets	2 M €	-2.6%	2 M €	-0.5%	2 M €	-0.4%	2 M €	-1.0%	2,1 M €	-1.2%	2,1 M €	-5.0%	2,2 M €	-3.7%	2,3 M €	-10.0%	2,5 M €	+1.3%	2,5 M €	+16.2%	2,1 M €	+61.2%	1,3 M €	-0.4%	1,3 M €	+18.3%	1,1 M €	+0.3%	1,1 M €	-0.6%	1,1 M €	-0.6%	1,1 M €	+1.4%	1,1 M €
Cash	41,3 k €	+96.7%	21 k €	-72.9%	77,5 k €	-11.2%	87,3 k €	-0.2%	87,4 k €	-3.0%	90,1 k €	+56.9%	57,4 k €	+296%	14,5 k €	-61.0%	37,2 k €	+504%	6,2 k €	-96.1%	156,5 k €	+1265%	11,5 k €	+6.6%	10,8 k €	-4.3%	11,2 k €	+72.7%	6,5 k €	-48.3%	12,6 k €	-29.2%	17,8 k €		–
Debts	231,2 k €	-27.9%	320,8 k €	-13.0%	368,6 k €	-14.7%	432,2 k €	-15.7%	512,9 k €	-15.7%	608,2 k €	-12.5%	695 k €	-10.6%	777,8 k €	-22.7%	1 M €	+5.7%	951,7 k €	+41.8%	671,3 k €	+73.0%	387,9 k €	-7.5%	419,2 k €	+101%	208,9 k €	-1.6%	212,3 k €	-4.2%	221,7 k €	-17.3%	267,9 k €	-4.2%	279,6 k €
Other
Workforce	–		–		–		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 17 ended

Active mandates

Lorcolim

Managing director · 0740.458.012

Represented by Lorenzo Cornelissen

Active

STECOLIM

Managing director · 0736.970.663

Represented by Steven Cornelissen

Active

Ended mandates

Lorenzo Cornelissen

Managing director · since 04 juin 2020 · until 18 juin 2026

Ended

Lorenzo Cornelissen

Managing director · since 04 juin 2020

Ended

Steven Cornelissen

Managing director · since 04 juin 2020 · until 18 juin 2026

Ended

Steven Cornelissen

Managing director · since 04 juin 2020

Ended

At this address

Other companies at this address

Company	CBE no.
DE LIM - BALEN● Active	0430.326.444
Groep De Lim● Active	0685.402.493

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/09/2026	27/08/2025	26/08/2024	22/11/2023	19/10/2022	30/09/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/06/2026	16/09/2026	Dutch	PDF
Abridged model	31/12/2024	19/06/2025	27/08/2025	Dutch	PDF
Abridged model	31/12/2023	20/06/2024	26/08/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	22/11/2023	Dutch	PDF
Abridged model	31/12/2021	16/06/2022	19/10/2022	Dutch	PDF
Abridged model	31/12/2020	17/06/2021	30/09/2021	Dutch	PDF
Abridged model	31/12/2019	18/06/2020	06/11/2020	Dutch	PDF
Abridged model	31/12/2018	20/06/2019	27/08/2019	Dutch	PDF
Abridged model	31/12/2017	21/06/2018	02/08/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	28/08/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	12/07/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	09/07/2015	Dutch	PDF
Abridged model	31/12/2013	19/06/2014	02/07/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	12/08/2013	Dutch	PDF
Abridged model	31/12/2011	21/06/2012	17/08/2012	Dutch	PDF
Abridged model	31/12/2010	16/06/2011	25/07/2011	Dutch	PDF
Abridged model	31/12/2009	17/06/2010	27/07/2010	Dutch	PDF
Abridged model	30/06/2008	22/10/2008	21/11/2008	Dutch	PDF
Abridged model	31/12/2006	29/06/2007	11/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 17 ended

Active mandates

Lorcolim

Managing director · 0740.458.012

Represented by Lorenzo Cornelissen

Active

STECOLIM

Managing director · 0736.970.663

Represented by Steven Cornelissen

Active

Ended mandates

Lorenzo Cornelissen

Managing director · since 04 juin 2020 · until 18 juin 2026

Ended

Lorenzo Cornelissen

Managing director · since 04 juin 2020

Ended

Steven Cornelissen

Managing director · since 04 juin 2020 · until 18 juin 2026

Ended

Steven Cornelissen

Managing director · since 04 juin 2020

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates08/06/2020
DIVERSEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/12/2013
ONTSLAGEN - BENOEMINGEN
PDF
Other20/05/2009
ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares14/04/2008
KAPITAAL - AANDELEN
PDF
Mandates02/01/2008
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
PDF
Mandates30/11/2005
ALGEMENE VERGADERING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN - MAATSCHAPPELIJKE ZETEL
PDF
Mandates10/08/2004
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202557,2 k €↓
2024
Annual accounts 202458,4 k €↑
2023
Annual accounts 202355,4 k €↓
2022
Annual accounts 202260,8 k €↑
2021
Annual accounts 202145,4 k €↑
2019
Annual accounts 2019-18,6 k €↓
2018
Annual accounts 2018-385,1 €↑
2017
Annual accounts 2017-23,1 k €↓
2016
Annual accounts 2016-22,8 k €↓
2015
Annual accounts 201574 k €↓
2014
Annual accounts 2014551,8 k €↑
2013
Annual accounts 201347,1 k €↑
2012
Annual accounts 201216,3 k €↓
2011
Annual accounts 201137,4 k €↑
2010
Annual accounts 201034,1 k €↓
2009
Annual accounts 200946,1 k €↓
2008
Annual accounts 2008451,9 k €↑
2006
Annual accounts 200637,2 k €
04/09/1970
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CORDA

Overview

What does CORDA do?

Trend over 18 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline