Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2023; threshold 65 %.
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Annual account missing NBB
Fiscal year 2024 was expected before 31 July 2025 and has not been filed.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2023
CORDES from Brussel, company number BE0442874680, closed financial year 2023 with a result of € -38,120 after tax. For that financial year CORDES recorded a gross margin of € -32,896 and equity of € -55,371. Compared with financial year 2022, the result moved from € -3,264 to € -38,120. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 16, 2024.
€ -55,371
▼ € 38,120 vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -38,120
▼ 1068 % more loss than in 2022
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -73,971.
People and assets in 2023
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 2,251
▼ 64% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 4,316
▼ 63% vs 2022
€ 938 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 12,698
▼ 11% vs 2022
Supplier invoices still open on the last day of the fiscal year.
€ 967
▲ € 760 vs 2022
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|---|
| Gross margin | € 2,448 | € 2,741 | € -32,896 | ▼ € 35,636 |
| Profit after taxes | € -4,072 | € -3,264 | € -38,120 | ▼ € 34,857 |
| Equity | € -13,986 | € -17,250 | € -55,371 | ▼ € 38,120 |
| Total debts | € 32,670 | € 50,961 | € 35,284 | ▼ 31% |
| Retained profit | € -32,586 | € -35,850 | € -73,971 | ▼ € 38,120 |
| Bank debt | € 10,277 | € 11,621 | € 4,316 | ▼ 63% |
| Balance sheet total | € 53,362 | € 68,389 | € 14,592 | ▼ 79% |
Key figures of CORDES, fiscal years 2021 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.
What happened to CORDES?
What happened at CORDES in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2023: loss of € 38,120. filed late Source: NBB ↗
- FRANCINE MEURICE became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 4,072 loss in 2021 to € 38,120 loss in 2023.
Paid € 373 in corporate taxes since 2021.
A new publication or filing at CORDES? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2023 annual accounts
FRANCINE MEURICE
Director
since 2003
Establishments
Establishment units
Physical locations of this company
Spastraat 21
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0442.874.680
- VAT number
- BE 0442.874.680
- Registered office
- Spastraat 21, 1000 Brussel
- Names & denominations
- CORDES
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 December 1990
- Peppol
- Not registered
- Activities · NACE
Groothandel in kleding, met uitzondering van werk- en onderkleding
Groothandel in kleding, kledingtoebehoren en bontartikelen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Detailhandel in herenbovenkleding
Detailhandel in damesbovenkleding
Groothandel in schoeisel
Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)
Detailhandel in bovenkleding voor dames
+3