ACTIVE

CORDER

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Financial year 2025 · closed on 30/12/2025

Net result

10,2 k €

-69.4% YoY

Gross margin

66,6 k €

-25.5% YoY

Equity

352,8 k €

+3.0% YoY

What does CORDER do?

CORDER is a Private limited company incorporated in 1992. Its main activity is: Activities of holding companies. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0447.888.788

Incorporation

22/07/1992

Legal form

Private limited company

Registered office

Albrecht Rodenbachlaan(Heu) 63
8501 Kortrijk · FlandreSee on map

Contributed capital

372 000,00 €

Latest accounts

30/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 74132Specialised design activities 73200Market research and public opinion polling 73200Market research and public opinion polling

Signals

ProfitablePositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	66,6 k €	-25.5%	89,4 k €	+6.6%	83,9 k €	-8.2%	91,3 k €	+22.5%	74,5 k €	+127%	32,8 k €	-40.6%	55,2 k €	+517%	8,9 k €	-53.4%	19,2 k €	-18.5%	23,6 k €	-2.3%	24,1 k €	+9.6%	22 k €	+63.8%	13,4 k €	-48.0%	25,9 k €	-18.1%	31,6 k €	+1.9%	31 k €	-44.4%	55,7 k €	-14.1%	64,9 k €	-6.3%	69,3 k €
EBITDA	52,2 k €	-31.3%	76 k €	+7.4%	70,8 k €	-11.0%	79,5 k €	+27.6%	62,3 k €	+184%	21,9 k €	-50.8%	44,5 k €	+2386%	-1,9 k €	-124%	8,2 k €	-35.7%	12,7 k €	+2.2%	12,5 k €	+20.1%	10,4 k €	+196%	3,5 k €	-77.3%	15,4 k €	-21.0%	19,5 k €	+4.1%	18,7 k €	-35.3%	28,9 k €	-46.9%	54,5 k €	-7.1%	58,6 k €
Operating result	10,4 k €	-69.3%	33,7 k €	+12.9%	29,8 k €	-23.7%	39,1 k €	+65.2%	23,7 k €	+3542%	-687,7 €	-103%	22,2 k €	+170%	-31,9 k €	-46.7%	-21,7 k €	-26.4%	-17,2 k €	+1.6%	-17,5 k €	-3.2%	-16,9 k €	+35.3%	-26,2 k €	+5.8%	-27,8 k €	+0.2%	-27,8 k €	+11.4%	-31,4 k €	-7.4%	-29,3 k €	-49.0%	-19,6 k €	-171%	27,8 k €
Net result	10,2 k €	-69.4%	33,3 k €	+11.3%	29,9 k €	-23.8%	39,3 k €	+68.0%	23,4 k €	+6545%	-362,7 €	-102%	22,7 k €	+173%	-31,2 k €	-46.2%	-21,3 k €	+4.6%	-22,4 k €	+11.0%	-25,1 k €	+6.7%	-26,9 k €	+32.7%	-40 k €	-124%	166,9 k €	+1014%	15 k €	+119%	-80,2 k €	+13.2%	-92,4 k €	-45.7%	-63,4 k €	-1817%	-3,3 k €
Balance sheet
Equity	352,8 k €	+3.0%	342,7 k €	+10.8%	309,4 k €	+10.7%	279,5 k €	+16.3%	240,2 k €	+7.0%	224,5 k €	-0.2%	224,9 k €	+11.2%	202,2 k €	-13.4%	233,4 k €	-8.4%	254,7 k €	-8.1%	277,1 k €	-8.3%	302,2 k €	-8.2%	329,1 k €	-10.8%	369,1 k €	+82.5%	202,2 k €	+8.0%	187,2 k €	-30.0%	267,4 k €	-25.7%	359,8 k €	-15.0%	423,2 k €
Total assets	1,3 M €	+5.4%	1,2 M €	+35.0%	905,8 k €	+16.7%	776,4 k €	+6.6%	728,6 k €	+3.9%	701,3 k €	+5.7%	663,5 k €	+5.1%	631,2 k €	-6.0%	671,3 k €	-2.0%	684,9 k €	-2.3%	701 k €	-2.3%	717,6 k €	-4.7%	753,2 k €	-3.8%	782,6 k €	-32.8%	1,2 M €	-10.3%	1,3 M €	-4.9%	1,4 M €	+0.3%	1,4 M €	+58.1%	861,8 k €
Cash	18,4 k €	-17.9%	22,4 k €	-61.6%	58,4 k €	+497%	9,8 k €	-55.2%	21,8 k €	+353%	4,8 k €	+127%	2,1 k €	+24.3%	1,7 k €	-75.6%	7 k €	+51.7%	4,6 k €	+484%	788 €	-22.4%	1 k €	-88.1%	8,6 k €	+44.9%	5,9 k €	-97.3%	221,6 k €	-1.0%	223,8 k €	+4460%	4,9 k €	-79.4%	23,8 k €	-24.1%	31,4 k €
Debts	933,5 k €	+6.2%	878,9 k €	+48.4%	592,3 k €	+19.8%	494,4 k €	+1.8%	485,7 k €	+2.4%	474,4 k €	+8.8%	436 k €	+2.5%	425,3 k €	-2.0%	434,1 k €	+1.9%	425,8 k €	+1.4%	419,9 k €	+2.2%	411 k €	-2.0%	419,2 k €	+8.3%	387 k €	-58.0%	921 k €	-12.7%	1,1 M €	+0.6%	1 M €	+9.5%	958,6 k €	+141%	397,1 k €

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 30/12/2025 · 1 active · 8 ended

Active mandates

LUC DERUMEAUX

Director · since 30 mars 2009

Active

Ended mandates

LUC DERUMEAUX

Administrator - manager · since 31 mars 2009

Ended

LUC DERUMEAUX

Manager · since 30 mars 2009

Ended

Christine COOREVITS

Chairman of the board of directors · since 30 novembre 2003 · until 30 mars 2009

Ended

Christine COOREVITS

Chairman of the board of directors · since 30 novembre 2003 · until 23 avril 2009

Ended

At this address

Other companies at this address

Company	CBE no.
Vivalde● Active	0721.687.126

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Closing of the financial year	30/12/2025	30/12/2024	30/12/2023	30/12/2022	30/12/2021	30/12/2020
Length of the financial year	13 months	13 months	13 months	13 months	13 months	13 months
Filing date	15/07/2026	24/07/2025	19/07/2024	26/07/2023	24/08/2022	25/08/2021
General meeting	30/06/2026	27/06/2025	29/06/2024	30/06/2023	30/06/2022	29/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/12/2025	30/06/2026	15/07/2026	Dutch	PDF
Micro model	30/12/2024	27/06/2025	24/07/2025	Dutch	PDF
Micro model	30/12/2023	29/06/2024	19/07/2024	Dutch	PDF
Micro model	30/12/2022	30/06/2023	26/07/2023	Dutch	PDF
Micro model	30/12/2021	30/06/2022	24/08/2022	Dutch	PDF
Micro model	30/12/2020	29/06/2021	25/08/2021	Dutch	PDF
Micro model	30/12/2019	24/04/2020	28/05/2020	Dutch	PDF
Micro model	30/12/2018	26/04/2019	03/06/2019	Dutch	PDF
Micro model	30/12/2017	27/04/2018	06/06/2018	Dutch	PDF
Abridged model	30/12/2016	28/04/2017	21/06/2017	Dutch	PDF
Abridged model	30/12/2015	22/04/2016	14/06/2016	Dutch	PDF
Abridged model	30/12/2014	24/04/2015	30/06/2015	Dutch	PDF
Abridged model	30/12/2013	25/04/2014	08/07/2014	Dutch	PDF
Abridged model	30/12/2012	26/04/2013	19/06/2013	Dutch	PDF
Abridged model	30/12/2011	27/04/2012	08/05/2012	Dutch	PDF
Abridged model	30/12/2010	22/04/2011	08/06/2011	Dutch	PDF
Abridged model	30/12/2009	23/04/2010	29/04/2010	Dutch	PDF
Abridged model	30/12/2008	24/04/2009	16/06/2009	Dutch	PDF
Abridged model	30/12/2007	25/04/2008	09/06/2008	Dutch	PDF
Abridged model	30/12/2006	27/04/2007	24/05/2007	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 30/12/2025 · 1 active · 8 ended

Active mandates

LUC DERUMEAUX

Director · since 30 mars 2009

Active

Ended mandates

LUC DERUMEAUX

Administrator - manager · since 31 mars 2009

Ended

LUC DERUMEAUX

Manager · since 30 mars 2009

Ended

Christine COOREVITS

Chairman of the board of directors · since 30 novembre 2003 · until 30 mars 2009

Ended

Christine COOREVITS

Chairman of the board of directors · since 30 novembre 2003 · until 23 avril 2009

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates02/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/04/2009
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Capital / shares30/06/2006
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates17/08/2004
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 202510,2 k €↓
2024
Annual accounts 202433,3 k €↑
2023
Annual accounts 202329,9 k €↓
2022
Annual accounts 202239,3 k €↑
2021
Annual accounts 202123,4 k €↑
2019
Annual accounts 2019-362,7 €↓
2018
Annual accounts 201822,7 k €↑
2017
Annual accounts 2017-31,2 k €↓
2016
Annual accounts 2016-21,3 k €↑
2015
Annual accounts 2015-22,4 k €↑
2014
Annual accounts 2014-25,1 k €↑
2013
Annual accounts 2013-26,9 k €↑
2012
Annual accounts 2012-40 k €↓
2011
Annual accounts 2011166,9 k €↑
2010
Annual accounts 201015 k €↑
2009
Annual accounts 2009-80,2 k €↑
2008
Annual accounts 2008-92,4 k €↓
2007
Annual accounts 2007-63,4 k €↓
2006
Annual accounts 2006-3,3 k €
22/07/1992
IncorporationPrivate 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

CORDER

Overview

What does CORDER do?

Trend over 19 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