What does CORDEEL BELGIUM do?

CORDEEL BELGIUM is a construction company in Bilzen-Hoeselt. Public Limited, started on 28 May 1985, 2 establishments.

What is the address of CORDEEL BELGIUM?

The registered office of CORDEEL BELGIUM is located at Industrielaan 18, 3730 Bilzen-Hoeselt.

Is CORDEEL BELGIUM still active?

Yes. According to the CBE (29 October 2026) CORDEEL BELGIUM is active, legal situation “Normale toestand”, started on 28 May 1985.

Is CORDEEL BELGIUM registered on Peppol?

Yes, CORDEEL BELGIUM is registered on the Peppol network with ID 0208:0427302321.

What is the enterprise number of CORDEEL BELGIUM?

The enterprise number of CORDEEL BELGIUM is BE0427302321.

When was CORDEEL BELGIUM founded?

CORDEEL BELGIUM was founded on 28 May 1985.

Who are the directors of CORDEEL BELGIUM?

According to the 2025 annual accounts, the directors of CORDEEL BELGIUM are: DHK Projects BV, Mastorus BV, Virtalis BV, Erik De Bruyn.

Is CORDEEL BELGIUM a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 28 May 1985; 5 annual accounts filed, latest fiscal year 2025; 4 directors known from the annual account; 2 establishments in the CBE.

How much profit did CORDEEL BELGIUM make in 2025?

CORDEEL BELGIUM recorded a loss after taxes of € 22,242,804 in financial year 2025.

What is the revenue of CORDEEL BELGIUM?

In its most recent annual accounts (2025), CORDEEL BELGIUM reported revenue of € 324,944,339.

How much does an employee at CORDEEL BELGIUM earn?

The average wage cost per full-time employee at CORDEEL BELGIUM was € 60,800 in 2025: staff costs of € 21.2 million for 349.4 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does CORDEEL BELGIUM have?

According to the 2025 annual accounts, CORDEEL BELGIUM has 349.4 full-time equivalents (FTE).

CORDEEL BELGIUM (Public Limited) - Bilzen-Hoeselt

Dossier CORDEEL BELGIUM, printed on 29 October 2026 from databakkes.be/en/0427302321/cordeel-belgium. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Tight liquidity NBB

Cash and receivables cover 55 % of short-term debt in 2025; threshold 65 %.
Figures corrected NBB

Corrected annual account filed for 2023.
Busy address KBO

36 other companies have their registered office at the same address; threshold 10.

Financials

Financial year 2025

CORDEEL BELGIUM from Bilzen-Hoeselt, company number BE0427302321, closed financial year 2025 with a result of € -22.2 million after tax. For that financial year CORDEEL BELGIUM recorded revenue of € 324.9 million and equity of € 61.2 million. Compared with financial year 2024, the result moved from € 11.4 million to € -22.2 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 30, 2026.

What it is worth Growing

€ 61.2 million

▲ 39% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -22.2 million

▼ still € 11.4 million profit in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 10 million

▲ 75% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 47.4 million.

People and assets in 2025

Full-time equivalents

349.4

▲ 186 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 48 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 21.2 million

▲ 65% vs 2024

€ 60,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 8.1 million

▲ € 8.1 million vs 2024

Of which on lease € 7.9 million.

Debts at end 2025

Bank debt ≈ 6 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 12.5 million

▲ 88% vs 2024

€ 664,659 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.

Owed to suppliers

€ 107.4 million

▲ 143% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 123 days on average.

Taxes and wages

€ 12 million

▲ 218% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 247,587,074 Revenue 2022: € 247,587,074 First fiscal year in the series	€ 221,305,853 Revenue 2023: € 221,305,853 ▼ 11% vs 2022 (€ 247,587,074) Unfavourable step	€ 177,693,908 Revenue 2024: € 177,693,908 ▼ 20% vs 2023 (€ 221,305,853) Unfavourable step	€ 324,944,339 Revenue 2025: € 324,944,339 ▲ 83% vs 2024 (€ 177,693,908) Favourable step	▲ 83%
Profit after taxes	€ 20,003,619 Profit after taxes 2022: € 20,003,619 First fiscal year in the series	€ 5,832,879 Profit after taxes 2023: € 5,832,879 ▼ 71% vs 2022 (€ 20,003,619) Unfavourable step	€ 11,360,487 Profit after taxes 2024: € 11,360,487 ▲ 95% vs 2023 (€ 5,832,879) Favourable step	€ -22,242,804 Profit after taxes 2025: € -22,242,804 ▼ € 33.6 million vs 2024 (€ 11,360,487) Unfavourable step	▼ € 33.6 million
Equity	€ 51,815,996 Equity 2022: € 51,815,996 First fiscal year in the series	€ 32,648,874 Equity 2023: € 32,648,874 ▼ 37% vs 2022 (€ 51,815,996) Unfavourable step	€ 44,009,361 Equity 2024: € 44,009,361 ▲ 35% vs 2023 (€ 32,648,874) Favourable step	€ 61,209,584 Equity 2025: € 61,209,584 ▲ 39% vs 2024 (€ 44,009,361) Favourable step	▲ 39%
Total debts	€ 76,182,445 Total debts 2022: € 76,182,445 First fiscal year in the series	€ 78,614,991 Total debts 2023: € 78,614,991 ▲ 3% vs 2022 (€ 76,182,445) Unfavourable step	€ 64,818,865 Total debts 2024: € 64,818,865 ▼ 18% vs 2023 (€ 78,614,991) Favourable step	€ 206,111,496 Total debts 2025: € 206,111,496 ▲ 218% vs 2024 (€ 64,818,865) Unfavourable step	▲ 218%
Cash	€ 4,051,501 Cash 2022: € 4,051,501 First fiscal year in the series	€ 5,617,896 Cash 2023: € 5,617,896 ▲ 39% vs 2022 (€ 4,051,501) Favourable step	€ 5,722,910 Cash 2024: € 5,722,910 ▲ 2% vs 2023 (€ 5,617,896) Favourable step	€ 10,024,323 Cash 2025: € 10,024,323 ▲ 75% vs 2024 (€ 5,722,910) Favourable step	▲ 75%
Land & buildings	€ 233,038 Land & buildings 2022: € 233,038 First fiscal year in the series	€ 1,568,957 Land & buildings 2023: € 1,568,957 ▲ € 1.3 million vs 2022 (€ 233,038) Unchanged	€ 1,600,403 Land & buildings 2024: € 1,600,403 ▲ 2% vs 2023 (€ 1,568,957) Unchanged	€ 14,542,282 Land & buildings 2025: € 14,542,282 ▲ € 12.9 million vs 2024 (€ 1,600,403) Unchanged	▲ € 12.9 million
Retained profit	€ 49,815,996 Retained profit 2022: € 49,815,996 First fiscal year in the series	€ 30,648,874 Retained profit 2023: € 30,648,874 ▼ 38% vs 2022 (€ 49,815,996) Unfavourable step	€ 42,009,361 Retained profit 2024: € 42,009,361 ▲ 37% vs 2023 (€ 30,648,874) Favourable step	€ 47,424,584 Retained profit 2025: € 47,424,584 ▲ 13% vs 2024 (€ 42,009,361) Favourable step	▲ 13%
Dividend	€ 25,000,000 Dividend 2022: € 25,000,000 First fiscal year in the series	€ 25,000,000 Dividend 2023: € 25,000,000 Unchanged (€ 25,000,000) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 25,000,000) Unchanged	€ 0 Dividend 2025: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 429,045 Bank debt 2022: € 429,045 First fiscal year in the series	€ 6,779,911 Bank debt 2023: € 6,779,911 ▲ € 6.4 million vs 2022 (€ 429,045) Unfavourable step	€ 6,653,075 Bank debt 2024: € 6,653,075 ▼ 2% vs 2023 (€ 6,779,911) Favourable step	€ 12,506,247 Bank debt 2025: € 12,506,247 ▲ 88% vs 2024 (€ 6,653,075) Unfavourable step	▲ 88%
Balance sheet total	€ 127,998,441 Balance sheet total 2022: € 127,998,441 First fiscal year in the series	€ 112,458,865 Balance sheet total 2023: € 112,458,865 ▼ 12% vs 2022 (€ 127,998,441) Unchanged	€ 110,615,898 Balance sheet total 2024: € 110,615,898 ▼ 2% vs 2023 (€ 112,458,865) Unchanged	€ 269,159,294 Balance sheet total 2025: € 269,159,294 ▲ 143% vs 2024 (€ 110,615,898) Unchanged	▲ 143%
Employees (FTE)	212.9 Employees (FTE) 2022: 212.9 First fiscal year in the series	176.1 Employees (FTE) 2023: 176.1 ▼ 36.8 vs 2022 (212.9) Unchanged	163.4 Employees (FTE) 2024: 163.4 ▼ 12.7 vs 2023 (176.1) Unchanged	349.4 Employees (FTE) 2025: 349.4 ▲ 186 vs 2024 (163.4) Unchanged	▲ 186

Key figures of CORDEEL BELGIUM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to CORDEEL BELGIUM?

What happened at CORDEEL BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2031 Virtalis BV stepped down as director. NBB
2031 Mastorus BV stepped down as director. NBB
2029 DHK Projects BV stepped down as director. NBB
Jul 30, 2026 New annual accounts for financial year 2025: loss of € 22.2 million (▼ € 33.6 million vs 2024). Source: NBB ↗
Jan 1, 2026 New establishment in Temse. KBO
2025 Virtalis BV became a director. NBB
2025 Mastorus BV became a director. NBB
2025 Erik De Bruyn stepped down as director. NBB

In short

From € 20 million profit in 2022 to € 22.2 million loss in 2025.

Paid € 13.2 million in corporate taxes since 2022.

Best year ever: 2022, with € 20 million profit.

Paid out € 50 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

CORDEEL GROUP 100%

The stake of CORDEEL GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

CORDEEL BELGIUM

JBCOR RE bouw en promotie 100%

JBCOR RE 100%

Ambiorix RE bouw en promotie 100%

Corfius Immo 100%

The shares are held by CORDEEL GROUP (100%). It owns 100% of JBCOR RE bouw en promotie, 100% of JBCOR RE, 100% of Ambiorix RE bouw en promotie, 100% of Corfius Immo, 100% of Ambiorix RE (Landco) and 99.9% of Molcor itself.