What does CORDEEL GROUP do?

CORDEEL GROUP is registered with the CBE as active in: Activiteiten van holdings. Public Limited, started on 24 June 1996, 1 establishment.

What is the address of CORDEEL GROUP?

The registered office of CORDEEL GROUP is located at Frank Van Dyckelaan 15, 9140 Temse.

Is CORDEEL GROUP still active?

Yes. According to the CBE (29 October 2026) CORDEEL GROUP is active, legal situation “Normale toestand”, started on 24 June 1996.

Is CORDEEL GROUP registered on Peppol?

Yes, CORDEEL GROUP is registered on the Peppol network with ID 0208:0458393294.

What is the enterprise number of CORDEEL GROUP?

The enterprise number of CORDEEL GROUP is BE0458393294.

When was CORDEEL GROUP founded?

CORDEEL GROUP was founded on 24 June 1996.

Who are the directors of CORDEEL GROUP?

According to the 2025 annual accounts, the directors of CORDEEL GROUP are: BERT WEEMAES BV, DHK PROJECTS BV, Nova Laga BV, Erik Groes, Aurélie Cordeel, Erik De Bruyn, Filip Cordeel.

Is CORDEEL GROUP a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 24 June 1996; 5 annual accounts filed, latest fiscal year 2025; 7 directors known from the annual account.

How much profit did CORDEEL GROUP make in 2025?

CORDEEL GROUP posted a profit after taxes of € 58,721,112 in financial year 2025.

What is the revenue of CORDEEL GROUP?

In its most recent annual accounts (2025), CORDEEL GROUP reported revenue of € 10,003,915.

How much does an employee at CORDEEL GROUP earn?

The average wage cost per full-time employee at CORDEEL GROUP was € 106,300 in 2025: staff costs of € 2.3 million for 21.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does CORDEEL GROUP have?

According to the 2025 annual accounts, CORDEEL GROUP has 21.2 full-time equivalents (FTE).

CORDEEL GROUP (Public Limited) - Temse - BE0458393294

Dossier CORDEEL GROUP, printed on 29 October 2026 from databakkes.be/en/0458393294/cordeel-group. 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.

Busy address KBO

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

Financials

Financial year 2025

CORDEEL GROUP from Temse, company number BE0458393294, closed financial year 2025 with a result of € 58.7 million after tax. For that financial year CORDEEL GROUP recorded revenue of € 10 million and equity of € 123.3 million. Compared with financial year 2024, the result moved from € -3.4 million to € 58.7 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 17, 2026.

What it is worth Growing

€ 123.3 million

▲ 91% vs 2024

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

Profit Growing

€ 58.7 million

▲ still € 3.4 million loss in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 11,288

▲ 212% vs 2024

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

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 117.8 million.

People and assets in 2025

Full-time equivalents

21.2

▲ 2.2 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: € 8.8 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2.3 million

▲ 10% vs 2024

€ 106,300 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

€ 4.5 million

▼ 18% vs 2024

Of which on lease € 4 million.

Debts at end 2025

Bank debt ≈ 2 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.

€ 2.7 million

▼ 43% vs 2024

€ 1.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.

Owed to suppliers

€ 1.5 million

▼ 37% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 64 days on average.

Taxes and wages

€ 1.1 million

▲ 48% 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	€ 14,656,397 Revenue 2022: € 14,656,397 First fiscal year in the series	€ 9,429,473 Revenue 2023: € 9,429,473 ▼ 36% vs 2022 (€ 14,656,397) Unfavourable step	€ 9,449,358 Revenue 2024: € 9,449,358 Unchanged (€ 9,429,473) Favourable step	€ 10,003,915 Revenue 2025: € 10,003,915 ▲ 6% vs 2024 (€ 9,449,358) Favourable step	▲ 6%
Profit after taxes	€ 19,946,578 Profit after taxes 2022: € 19,946,578 First fiscal year in the series	€ 13,690,488 Profit after taxes 2023: € 13,690,488 ▼ 31% vs 2022 (€ 19,946,578) Unfavourable step	€ -3,400,425 Profit after taxes 2024: € -3,400,425 ▼ € 17.1 million vs 2023 (€ 13,690,488) Unfavourable step	€ 58,721,112 Profit after taxes 2025: € 58,721,112 ▲ € 62.1 million vs 2024 (€ -3,400,425) Favourable step	▲ € 62.1 million
Equity	€ 54,301,682 Equity 2022: € 54,301,682 First fiscal year in the series	€ 67,992,170 Equity 2023: € 67,992,170 ▲ 25% vs 2022 (€ 54,301,682) Favourable step	€ 64,591,746 Equity 2024: € 64,591,746 ▼ 5% vs 2023 (€ 67,992,170) Unfavourable step	€ 123,312,858 Equity 2025: € 123,312,858 ▲ 91% vs 2024 (€ 64,591,746) Favourable step	▲ 91%
Total debts	€ 82,795,234 Total debts 2022: € 82,795,234 First fiscal year in the series	€ 56,828,612 Total debts 2023: € 56,828,612 ▼ 31% vs 2022 (€ 82,795,234) Favourable step	€ 57,088,616 Total debts 2024: € 57,088,616 Unchanged (€ 56,828,612) Unfavourable step	€ 12,932,446 Total debts 2025: € 12,932,446 ▼ 77% vs 2024 (€ 57,088,616) Favourable step	▼ 77%
Cash	€ 9,871 Cash 2022: € 9,871 First fiscal year in the series	€ 14,391 Cash 2023: € 14,391 ▲ 46% vs 2022 (€ 9,871) Favourable step	€ 3,613 Cash 2024: € 3,613 ▼ 75% vs 2023 (€ 14,391) Unfavourable step	€ 11,288 Cash 2025: € 11,288 ▲ 212% vs 2024 (€ 3,613) Favourable step	▲ 212%
Retained profit	€ 48,802,277 Retained profit 2022: € 48,802,277 First fiscal year in the series	€ 62,492,765 Retained profit 2023: € 62,492,765 ▲ 28% vs 2022 (€ 48,802,277) Favourable step	€ 59,092,340 Retained profit 2024: € 59,092,340 ▼ 5% vs 2023 (€ 62,492,765) Unfavourable step	€ 117,813,452 Retained profit 2025: € 117,813,452 ▲ 99% vs 2024 (€ 59,092,340) Favourable step	▲ 99%
Bank debt	€ 23,748,793 Bank debt 2022: € 23,748,793 First fiscal year in the series	€ 10,341,582 Bank debt 2023: € 10,341,582 ▼ 56% vs 2022 (€ 23,748,793) Favourable step	€ 4,750,936 Bank debt 2024: € 4,750,936 ▼ 54% vs 2023 (€ 10,341,582) Favourable step	€ 2,686,640 Bank debt 2025: € 2,686,640 ▼ 43% vs 2024 (€ 4,750,936) Favourable step	▼ 43%
Balance sheet total	€ 137,096,916 Balance sheet total 2022: € 137,096,916 First fiscal year in the series	€ 125,792,473 Balance sheet total 2023: € 125,792,473 ▼ 8% vs 2022 (€ 137,096,916) Unchanged	€ 122,652,052 Balance sheet total 2024: € 122,652,052 ▼ 2% vs 2023 (€ 125,792,473) Unchanged	€ 136,675,803 Balance sheet total 2025: € 136,675,803 ▲ 11% vs 2024 (€ 122,652,052) Unchanged	▲ 11%
Employees (FTE)	17.6 Employees (FTE) 2022: 17.6 First fiscal year in the series	18.6 Employees (FTE) 2023: 18.6 ▲ 1 vs 2022 (17.6) Unchanged	19 Employees (FTE) 2024: 19 ▲ 0.4 vs 2023 (18.6) Unchanged	21.2 Employees (FTE) 2025: 21.2 ▲ 2.2 vs 2024 (19) Unchanged	▲ 2.2

Key figures of CORDEEL GROUP, 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 GROUP?

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

2032 Erik De Bruyn stepped down as director. NBB
2032 Filip Cordeel stepped down as director. NBB
2029 BERT WEEMAES BV stepped down as director. NBB
2029 DHK PROJECTS BV stepped down as director. NBB
2029 Aurélie Cordeel stepped down as director. NBB
Jul 17, 2026 New annual accounts for financial year 2025: profit of € 58.7 million. Source: NBB ↗
2026 Nova Laga BV stepped down as director. NBB
2025 Erik Groes stepped down as director. NBB

In short

From € 19.9 million profit in 2022 to € 58.7 million profit in 2025.

Paid € 768,550 in corporate taxes since 2022.

Best year ever: 2025, with € 58.7 million profit.

Pays suppliers within 64 days on average.

Original PDFs at the National Bank ↗

Management

C2F1 100%

The stake of C2F1 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

CORDEEL GROUP

Cordeel Bulgarije 100%

Cordeel Serbia - DOO Beograd 100%

Technocon 100%

Imso 100%

+33

The shares are held by C2F1 (100%). It owns 100% of Cordeel Bulgarije, 100% of Cordeel Serbia - DOO Beograd, 100% of Technocon, 100% of Imso, 100% of Vita Temse NV and 100% of C-Fast NV itself.