ACTIVE

Ets CORDONNIER

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Financial year 2025 · closed on 31/12/2025

Net result

124,1 k €

-46.2% YoY

Gross margin

560,4 k €

+7.7% YoY

Equity

2,2 M €

+5.4% YoY

Workforce

4,0 ETP

+33.3% YoY

What does Ets CORDONNIER do?

Ets CORDONNIER is a Public limited company incorporated in 1975. Its main activity is: Wholesale of beverages. Its registered office is in Woluwe-Saint-Pierre. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0415.391.315

Incorporation

29/09/1975

Legal form

Public limited company

Registered office

Avenue Colonel Daumerie 17
1150 Woluwe-Saint-Pierre · BruxellesSee on map

Contributed capital

65 000,00 €

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Activities (NACE)

46341Wholesale of beverages· main 46341Wholesale of beverages 46349Wholesale of beverages 46349Wholesale of beverages 51340Air transport

Joint committees (3)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	560,4 k €	+7.7%	520,4 k €	-17.1%	627,4 k €	-10.6%	702,1 k €	-2.8%	722,3 k €	+21.1%	596,6 k €	-7.7%	646,4 k €	-13.9%	750,7 k €	+2.3%	734,2 k €	+35.8%	540,7 k €	-9.5%	597,2 k €	+0.8%	592,7 k €	-19.3%	734,3 k €	-4.5%	768,8 k €	+36.7%	562,2 k €	-6.2%	599,2 k €	+7.7%	556,5 k €	-16.1%	663,4 k €	+7.1%	619,4 k €	+20.0%	516,3 k €
EBITDA	297,2 k €	-4.5%	311,1 k €	-17.1%	375,2 k €	-16.4%	448,7 k €	-12.2%	510,8 k €	+24.5%	410,4 k €	-8.8%	450 k €	-19.2%	556,7 k €	+11.7%	498,5 k €	+54.0%	323,7 k €	-21.4%	412 k €	-4.6%	431,7 k €	-21.6%	550,5 k €	-3.6%	571,3 k €	+46.0%	391,3 k €	-9.9%	434,3 k €	+4.5%	415,8 k €	-21.3%	528,3 k €	+7.5%	491,4 k €	+26.9%	387,4 k €
Operating result	179,4 k €	-39.2%	295,2 k €	-18.7%	363,4 k €	-16.1%	433 k €	-13.3%	499,4 k €	+23.8%	403,3 k €	-8.3%	440 k €	-18.5%	539,9 k €	+13.1%	477,3 k €	+59.8%	298,6 k €	-23.8%	391,8 k €	-8.8%	429,8 k €	-20.4%	539,7 k €	-2.0%	550,8 k €	+48.9%	369,9 k €	-12.0%	420,3 k €	+1.8%	412,8 k €	-19.8%	515 k €	+7.5%	479,2 k €	+35.3%	354,2 k €
Net result	124,1 k €	-46.2%	230,6 k €	-11.7%	261,2 k €	-22.1%	335,2 k €	-11.6%	379,3 k €	+22.8%	308,9 k €	-1.1%	312,4 k €	-15.4%	369,2 k €	+20.5%	306,3 k €	+60.7%	190,5 k €	-23.7%	249,6 k €	-10.2%	278 k €	-21.4%	353,9 k €	-1.7%	360 k €	+47.3%	244,4 k €	-11.3%	275,6 k €	+1.0%	272,9 k €	-21.3%	346,6 k €	+11.3%	311,5 k €	+35.9%	229,2 k €
Balance sheet
Equity	2,2 M €	+5.4%	2,1 M €	+11.9%	1,9 M €	+15.7%	1,6 M €	+25.6%	1,3 M €	+40.6%	916,9 k €	+50.8%	608,1 k €	+106%	295,6 k €	-0.3%	296,4 k €	+0.1%	296,1 k €	+0.0%	296,1 k €	-0.1%	296,4 k €	-2.3%	303,4 k €	-37.5%	485,5 k €	+0.4%	483,5 k €	-7.9%	525 k €	+3.5%	507,4 k €	+3.0%	492,5 k €	+21.9%	403,9 k €	+28.5%	314,4 k €
Total assets	2,6 M €	+1.3%	2,6 M €	+12.5%	2,3 M €	+34.3%	1,7 M €	+23.3%	1,4 M €	+36.6%	1 M €	+43.6%	698,5 k €	+20.9%	577,6 k €	-21.1%	732,1 k €	+23.1%	594,5 k €	-8.8%	651,6 k €	-10.7%	729,4 k €	-28.4%	1 M €	-1.7%	1 M €	+6.6%	971,9 k €	+3.8%	936,8 k €	-0.4%	940,9 k €	+0.3%	938 k €	+14.2%	821 k €	+14.7%	715,5 k €
Cash	37 k €	+7672%	475,5 €	-98.3%	27,4 k €	+320%	6,5 k €	-93.9%	106,8 k €	-18.8%	131,6 k €	-22.8%	170,4 k €	+208%	55,4 k €	-58.0%	132 k €	+101%	65,5 k €	+17.5%	55,8 k €	-37.5%	89,3 k €	-3.5%	92,5 k €	-23.9%	121,6 k €	+13.5%	107,1 k €	+4.8%	102,3 k €	-28.8%	143,6 k €	+20.1%	119,6 k €	-26.7%	163,1 k €	+36.7%	119,3 k €
Debts	375,4 k €	-17.6%	455,6 k €	+15.9%	393,2 k €	+457%	70,6 k €	-10.8%	79,1 k €	-7.4%	85,5 k €	-3.5%	88,6 k €	-68.4%	280,7 k €	-35.6%	435,7 k €	+46.0%	298,4 k €	-15.9%	354,8 k €	-18.1%	433 k €	-39.5%	715,2 k €	+29.9%	550,4 k €	+12.7%	488,5 k €	+18.6%	411,8 k €	-5.0%	433,5 k €	-2.7%	445,5 k €	+7.9%	412,9 k €	+2.9%	401,1 k €
Other
Workforce	4,0 ETP	+33.3%	3,0 ETP	-25.0%	4,0 ETP	-7.0%	4,3 ETP	+10.3%	3,9 ETP	+18.2%	3,3 ETP	+6.5%	3,1 ETP	-13.9%	3,6 ETP	+9.1%	3,3 ETP	+10.0%	3,0 ETP	+15.4%	2,6 ETP	+13.0%	2,3 ETP	-11.5%	2,6 ETP	0.0%	2,6 ETP	-3.7%	2,7 ETP	+3.8%	2,6 ETP	+8.3%	2,4 ETP	+14.3%	2,1 ETP	-16.0%	2,5 ETP	-3.8%	2,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

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

Active mandates

Etienne CORDONNIER

Director · since 21 décembre 2023

Active

François CORDONNIER

Managing director · since 21 décembre 2023

Active

Ended mandates

François CORDONNIER

Director · since 21 décembre 2023

Ended

ETIENNE CODONNIER

Director · since 09 mai 2016

Ended

ETIENNE CORDONNIER

Director · since 09 mai 2016

Ended

François CORDONNIER

Managing director · since 02 juillet 2007

Ended

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	29/05/2026	15/05/2025	30/08/2024	31/08/2023	09/05/2022	27/04/2021
General meeting	04/05/2026	02/05/2025	03/05/2024	05/05/2023	06/05/2022	26/04/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	04/05/2026	29/05/2026	French	PDF
Abridged model	31/12/2024	02/05/2025	15/05/2025	French	PDF
Abridged model	31/12/2023	03/05/2024	30/08/2024	French	PDF
Abridged model	31/12/2022	05/05/2023	31/08/2023	French	PDF
Abridged model	31/12/2021	06/05/2022	09/05/2022	French	PDF
Abridged model	31/12/2020	26/04/2021	27/04/2021	French	PDF
Abridged model	31/12/2019	24/04/2020	12/08/2020	French	PDF
Abridged model	31/12/2018	05/04/2019	23/04/2019	French	PDF
Abridged model	31/12/2017	01/06/2018	23/07/2018	French	PDF
Abridged model	31/12/2016	19/05/2017	27/07/2017	French	PDF
Abridged model	31/12/2015	23/05/2016	26/05/2016	French	PDF
Abridged model	31/12/2014	08/05/2015	12/06/2015	French	PDF
Abridged model	31/12/2013	26/05/2014	06/06/2014	French	PDF
Abridged model	31/12/2012	07/06/2013	14/06/2013	French	PDF
Abridged model	31/12/2011	29/05/2012	07/06/2012	French	PDF
Abridged model	31/12/2010	15/06/2011	17/06/2011	French	PDF
Abridged model	31/12/2009	21/06/2010	29/06/2010	French	PDF
Abridged model	31/12/2008	29/06/2009	10/07/2009	French	PDF
Abridged model	31/12/2007	02/07/2008	31/07/2008	French	PDF
Abridged model	31/12/2006	02/07/2007	10/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 12 ended

Active mandates

Etienne CORDONNIER

Director · since 21 décembre 2023

Active

François CORDONNIER

Managing director · since 21 décembre 2023

Active

Ended mandates

François CORDONNIER

Director · since 21 décembre 2023

Ended

ETIENNE CODONNIER

Director · since 09 mai 2016

Ended

ETIENNE CORDONNIER

Director · since 09 mai 2016

Ended

François CORDONNIER

Managing director · since 02 juillet 2007

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates28/12/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates27/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates29/05/2015
DEMISSIONS, NOMINATIONS
PDF
Other19/09/2013
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates05/03/2010
DEMISSIONS, NOMINATIONS
PDF
Mandates27/08/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates17/08/2007
DEMISSIONS, NOMINATIONS
PDF
Mandates10/09/2003
DEMISSIONS, NOMINATIONS
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 2025124,1 k €↓
2024
Annual accounts 2024230,6 k €↓
2023
Annual accounts 2023261,2 k €↓
2022
Annual accounts 2022335,2 k €↓
2022
Name changeCORDONNIER S.A.
2021
Annual accounts 2021379,3 k €↑
2021
Name changeETS CORDONNIER
2020
Annual accounts 2020308,9 k €↓
2019
Annual accounts 2019312,4 k €↓
2018
Annual accounts 2018369,2 k €↑
2017
Annual accounts 2017306,3 k €↑
2016
Annual accounts 2016190,5 k €↓
2015
Annual accounts 2015249,6 k €↓
2014
Annual accounts 2014278 k €↓
2013
Annual accounts 2013353,9 k €↓
2012
Annual accounts 2012360 k €↑
2011
Annual accounts 2011244,4 k €↓
2010
Annual accounts 2010275,6 k €↑
2009
Annual accounts 2009272,9 k €↓
2008
Annual accounts 2008346,6 k €↑
2007
Annual accounts 2007311,5 k €↑
2006
Annual accounts 2006229,2 k €
29/09/1975
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

Ets CORDONNIER

Overview

What does Ets CORDONNIER do?

Trend over 20 financial years

Indicative valuation

Board of directors

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