ACTIVE

CORDEEL GROUP

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Financial year 2025 · closed on 31/12/2025

Net result

58,7 M €

+1826.9% YoY

Revenue

10 M €

+5.9% YoY

Equity

123,3 M €

+90.9% YoY

Workforce

21,2 ETP

+11.6% YoY

What does CORDEEL GROUP do?

CORDEEL GROUP is a Public limited company incorporated in 1996. Its main activity is: Activities of holding companies. Its registered office is in Temse. It employs on average 21,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0458.393.294

Incorporation

24/06/1996

Legal form

Public limited company

Registered office

Frank Van Dyckelaan 15
9140 Temse · FlandreSee on map

Contributed capital

5 499 405,48 €

Latest accounts

31/12/2025

Average workforce

21,2 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 66199Other activities auxiliary to financial services, except insurance and pension funding 66199Other activities auxiliary to financial services, except insurance and pension funding 74151Specialised design activities

Joint committees (2)

Signals

ProfitableSolid equityLow riskPositive cashflowHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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
Revenue	10 M €	+5.9%	9,4 M €	+0.2%	9,4 M €	-35.7%	14,7 M €	+32.3%	11,1 M €	-8.9%	12,2 M €	+70.1%	7,2 M €	+33.8%	5,3 M €	-9.7%	5,9 M €	+25.7%	4,7 M €	+31.5%	3,6 M €	-18.0%	4,4 M €	+2.3%	4,3 M €	-7.1%	4,6 M €	-5.0%	4,8 M €	+46.7%	3,3 M €	-24.0%	4,3 M €	+33.4%	3,2 M €	+41.4%	2,3 M €	-11.5%	2,6 M €
EBITDA	-1,1 M €	-664%	196,6 k €	+141%	-481 k €	-117%	2,9 M €	+50.0%	1,9 M €	+1074%	-196,5 k €	-131%	641,4 k €	-1.7%	652,3 k €	-55.2%	1,5 M €	+58.5%	917,6 k €	+98.1%	463,2 k €	-69.4%	1,5 M €	+438%	280,9 k €	-78.0%	1,3 M €	-22.8%	1,7 M €	+26.0%	1,3 M €	-48.4%	2,5 M €	+9869%	25,5 k €	-96.6%	742,9 k €	-49.6%	1,5 M €
Operating result	-1,1 M €	-184%	-388,5 k €	+63.2%	-1,1 M €	-146%	2,3 M €	+55.3%	1,5 M €	+792%	-215,7 k €	+6.3%	-230,3 k €	-137%	627,4 k €	-56.1%	1,4 M €	+60.2%	892,8 k €	+103%	439,3 k €	-70.7%	1,5 M €	+478%	258,9 k €	-79.3%	1,3 M €	-23.1%	1,6 M €	+26.2%	1,3 M €	-48.6%	2,5 M €	+65618%	-3,8 k €	-101%	727,7 k €	-50.2%	1,5 M €
Net result	58,7 M €	+1827%	-3,4 M €	-125%	13,7 M €	-31.4%	19,9 M €	+1467%	-1,5 M €	+17.7%	-1,8 M €	-141%	4,4 M €	+47.4%	3 M €	+2624%	108,6 k €	-90.3%	1,1 M €	+972%	-128 k €	-120%	643,8 k €	+215%	-560 k €	-123%	2,5 M €	-79.7%	12,2 M €	+6692%	179,7 k €	-84.3%	1,1 M €	-70.6%	3,9 M €	+491%	659,6 k €	-81.4%	3,6 M €
Balance sheet
Equity	123,3 M €	+90.9%	64,6 M €	-5.0%	68 M €	+25.2%	54,3 M €	+58.0%	34,4 M €	-4.1%	35,8 M €	-4.7%	37,6 M €	+13.1%	33,2 M €	+3.0%	32,3 M €	+0.3%	32,2 M €	+3.6%	31,1 M €	-7.8%	33,7 M €	-5.2%	35,5 M €	-1.6%	36,1 M €	+7.4%	33,6 M €	+57.0%	21,4 M €	+0.8%	21,2 M €	+5.7%	20,1 M €	-7.0%	21,6 M €	+3.2%	20,9 M €
Total assets	136,7 M €	+11.4%	122,7 M €	-2.5%	125,8 M €	-8.2%	137,1 M €	-13.3%	158,1 M €	+11.4%	141,8 M €	+4.8%	135,4 M €	+10.6%	122,3 M €	-1.6%	124,4 M €	+11.7%	111,4 M €	-1.2%	112,8 M €	+12.0%	100,7 M €	-7.6%	109,1 M €	+17.9%	92,5 M €	+4.9%	88,2 M €	+41.5%	62,3 M €	+6.2%	58,7 M €	-1.4%	59,6 M €	-4.2%	62,2 M €	-0.9%	62,7 M €
Cash	11,3 k €	+212%	3,6 k €	-74.9%	14,4 k €	+45.8%	9,9 k €	+60.0%	6,2 k €	-96.4%	170,5 k €	-16.7%	204,6 k €	+95.9%	104,5 k €	+117%	48,2 k €	+139%	20,2 k €	-80.3%	102,1 k €	+28.2%	79,6 k €	+160%	30,6 k €	-48.3%	59,3 k €	-35.0%	91,1 k €	-57.9%	216,3 k €	+22.6%	176,5 k €	+18.8%	148,6 k €	-47.2%	281,2 k €	-97.5%	11,1 M €
Debts	12,9 M €	-77.4%	57 M €	+0.4%	56,8 M €	-30.8%	82 M €	-33.6%	123,6 M €	+16.6%	105,9 M €	+8.4%	97,7 M €	+9.7%	89,1 M €	-3.3%	92,1 M €	+16.2%	79,2 M €	-3.1%	81,7 M €	+21.9%	67 M €	-8.8%	73,5 M €	+30.3%	56,4 M €	+4.3%	54,1 M €	+33.8%	40,4 M €	+9.4%	37 M €	-5.1%	39 M €	-3.9%	40,6 M €	-2.8%	41,7 M €
Other
Workforce	21,2 ETP	+11.6%	19,0 ETP	+2.2%	18,6 ETP	+5.7%	17,6 ETP	-27.0%	24,1 ETP	+23.0%	19,6 ETP	+1408%	1,3 ETP	-23.5%	1,7 ETP	-26.1%	2,3 ETP	-23.3%	3,0 ETP	-18.9%	3,7 ETP	-19.6%	4,6 ETP	-11.5%	5,2 ETP	+8.3%	4,8 ETP	+11.6%	4,3 ETP	+2.4%	4,2 ETP	-30.0%	6,0 ETP	-1.6%	6,1 ETP	-4.7%	6,4 ETP	-14.7%	7,5 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 7 active · 36 ended

Active mandates

BERT WEEMAES

Director · since 23 novembre 2023 · until 23 novembre 2029 · 0537.167.687

Represented by Bert Weemaes

Active

DHK PROJECTS

Director · since 20 octobre 2023 · until 20 octobre 2029 · 0676.531.151

Represented by Kevin De Hainaut

Active

Erik Groes

Director · since 20 octobre 2023 · until 06 janvier 2025

Active

Aurélie Cordeel

Director · since 02 juin 2023 · until 02 juin 2029

Active

Nova LaGa

Director · since 04 juin 2021 · until 05 juin 2026 · 0563.544.462

Represented by Laurence Gacoin

Active

Erik De Bruyn

Director · since 17 juillet 2020 · until 05 juin 2032

Active

Filip Cordeel

Managing director · since 17 juillet 2020 · until 05 juin 2032

Active

Ended mandates

Erik Groes

Director · since 20 octobre 2023 · until 20 octobre 2029

Ended

Benoit Messiaen

Director · since 04 juin 2021 · until 02 juin 2023

Ended

Benoit Messiaen

Director · since 04 juin 2021 · until 04 juin 2027

Ended

Dirk Cordeel

Director · since 04 juin 2021 · until 10 juillet 2023

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	17/07/2026	14/07/2025	24/09/2024	31/08/2023	23/08/2022	09/07/2021
General meeting	30/06/2026	30/06/2025	09/09/2024	30/06/2023	24/06/2022	25/06/2021
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

37 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	17/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	14/07/2025	Dutch	PDF
Full model	31/12/2023	09/09/2024	24/09/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	31/08/2023	Dutch	PDF
m120-f-p	31/12/2022	25/08/2023	31/08/2023	Dutch	PDF
Full model	31/12/2021	24/06/2022	23/08/2022	Dutch	PDF
m120-f-p	31/12/2021	31/08/2022	31/08/2022	Dutch	PDF
Full model	31/12/2020	25/06/2021	09/07/2021	Dutch	PDF
m120-f-p	31/12/2020	25/06/2021	09/07/2021	Dutch	PDF
Full model	31/12/2019	17/07/2020	04/09/2020	Dutch	PDF
m120-f-p	31/12/2019	02/10/2020	09/10/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	11/07/2019	Dutch	PDF
m120-f-p	31/12/2018	11/07/2019	19/07/2019	Dutch	PDF
Full model	31/12/2017	30/06/2018	12/07/2018	Dutch	PDF
m120-f-p	31/12/2017	12/07/2018	13/07/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	07/07/2017	Dutch	PDF
m120-f-p	31/12/2016	24/11/2017	24/11/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	05/08/2016	Dutch	PDF
m120-f-p	31/12/2015	25/08/2016	14/09/2016	Dutch	PDF
Full model	31/12/2014	26/06/2015	08/07/2015	Dutch	PDF
m120-f-p	31/12/2014	26/06/2015	08/07/2015	Dutch	PDF
Full model	31/12/2013	30/06/2014	11/07/2014	Dutch	PDF
m120-f-p	31/12/2013	30/06/2014	11/07/2014	Dutch	PDF
Full model	31/12/2012	07/06/2013	12/07/2013	Dutch	PDF

View all 37 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 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 · 7 active · 36 ended

Active mandates

BERT WEEMAES

Director · since 23 novembre 2023 · until 23 novembre 2029 · 0537.167.687

Represented by Bert Weemaes

Active

DHK PROJECTS

Director · since 20 octobre 2023 · until 20 octobre 2029 · 0676.531.151

Represented by Kevin De Hainaut

Active

Erik Groes

Director · since 20 octobre 2023 · until 06 janvier 2025

Active

Aurélie Cordeel

Director · since 02 juin 2023 · until 02 juin 2029

Active

Nova LaGa

Director · since 04 juin 2021 · until 05 juin 2026 · 0563.544.462

Represented by Laurence Gacoin

Active

Erik De Bruyn

Director · since 17 juillet 2020 · until 05 juin 2032

Active

Filip Cordeel

Managing director · since 17 juillet 2020 · until 05 juin 2032

Active

Ended mandates

Erik Groes

Director · since 20 octobre 2023 · until 20 octobre 2029

Ended

Benoit Messiaen

Director · since 04 juin 2021 · until 02 juin 2023

Ended

Benoit Messiaen

Director · since 04 juin 2021 · until 04 juin 2027

Ended

Dirk Cordeel

Director · since 04 juin 2021 · until 10 juillet 2023

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares19/09/2024
KAPITAAL - AANDELEN
PDF
Mandates08/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other14/02/2024
DIVERSEN
PDF
Mandates05/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring01/03/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
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 202558,7 M €↑
2024
Annual accounts 2024-3,4 M €↓
31/07/2024
autre
2023
Annual accounts 202313,7 M €↓
23/11/2023
nominationBert Weemaes — bestuurder
20/10/2023
nominationDHK Projects BV — bestuurder
20/10/2023
nominationGroes Erik — bestuurder
25/08/2023
reconductionVCLJ bedrijfsrevisoren BV — commissaris
02/06/2023
nominationCORDEEL Aurélie — bestuurder
2022
Annual accounts 202219,9 M €↑
2021
Annual accounts 2021-1,5 M €↑
2020
Annual accounts 2020-1,8 M €↓
2019
Annual accounts 20194,4 M €↑
2018
Annual accounts 20183 M €↑
2017
Annual accounts 2017108,6 k €↓
2016
Annual accounts 20161,1 M €↑
2015
Annual accounts 2015-128 k €↓
2014
Annual accounts 2014643,8 k €↑
2014
Name changeCORDEEL GROUP
2013
Annual accounts 2013-560 k €↓
2012
Annual accounts 20122,5 M €↓
2011
Annual accounts 201112,2 M €↑
2010
Annual accounts 2010179,7 k €↓
2009
Annual accounts 20091,1 M €↓
2008
Annual accounts 20083,9 M €↑
2007
Annual accounts 2007659,6 k €↓
2006
Annual accounts 20063,6 M €
2006
Name changeCORDEEL INVEST
24/06/1996
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

CORDEEL GROUP

Overview

What does CORDEEL GROUP do?

Trend over 20 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