Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
GHYSENS - CORDENS from Tongeren-Borgloon, company number BE0461217182, closed financial year 2024 with a result of € -562 after tax. For that financial year GHYSENS - CORDENS recorded a gross margin of € 155,398 and equity of € 189,371. Compared with financial year 2023, the result moved from € -3,121 to € -562. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2025.
€ 189,371
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -562
▲ 82 % less loss than in 2023
Profit after tax over the fiscal year.
€ 24,670
▼ 31% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 170,779.
People and assets in 2024
2.5
▼ 0.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 118,555
▲ 6% vs 2023
€ 47,400 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.
€ 3,703
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 77,842
▼ 23% vs 2023
€ 50,991 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 153,691
▼ 13% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 101,766
▼ 1% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 140,087 | € 144,714 | € 147,112 | € 155,398 | ▲ 6% |
| Profit after taxes | € 12,908 | € 9,105 | € -3,121 | € -562 | ▲ € 2,559 |
| Equity | € 183,949 | € 193,054 | € 189,933 | € 189,371 | |
| Total debts | € 458,301 | € 438,929 | € 433,986 | € 377,452 | ▼ 13% |
| Cash | € 39,840 | € 29,789 | € 35,850 | € 24,670 | ▼ 31% |
| Land & buildings | € 317,286 | € 303,018 | € 293,229 | € 279,077 | ▼ 5% |
| Retained profit | € 165,357 | € 174,462 | € 171,341 | € 170,779 | |
| Bank debt | € 126,061 | € 96,743 | € 100,574 | € 77,842 | ▼ 23% |
| Balance sheet total | € 642,250 | € 631,983 | € 623,919 | € 566,823 | ▼ 9% |
| Employees (FTE) | 2.1 | 2.7 | 2.7 | 2.5 | ▼ 0.2 |
Key figures of GHYSENS - CORDENS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to GHYSENS - CORDENS?
What happened at GHYSENS - CORDENS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 562. Source: NBB ↗
- Heidi Cordens became a director. NBB
- Kevin Ghysens became a director. NBB
- New establishment in Tongeren-Borgloon. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,908 profit in 2021 to € 562 loss in 2024.
Paid € 14,195 in corporate taxes since 2021.
Best year ever: 2021, with € 12,908 profit.
On average € 62,200 of value added per employee in 2024.
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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
Behind GHYSENS - CORDENS are Kevin Ghysens and Heidi Cordens.
Directors
According to the 2024 annual accounts
Kevin Ghysens
Director
since 2011
Heidi Cordens
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Graethempoort 48A
3840 Tongeren-Borgloon
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
- 0461.217.182
- VAT number
- BE 0461.217.182
- Registered office
- Graethempoort 48A, 3840 Tongeren-Borgloon
- Names & denominations
- GHYSENS - CORDENS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 July 1997
- Peppol
- Active · Active since 24 Nov 2023
- Activities · NACE
Groothandel in dranken
Groothandel in dranken, algemeen assortiment
Detailhandel in tabaksproducten
Detailhandel in zuivelproducten en eieren
Detailhandel in brood en banketbakkerswerk (koude bakkers)
Groothandel in suiker, chocolade en suikerwerk
Groothandel in zuivelproducten en eieren
Detailhandel in brood-, banketbakkerswerk en suikerwerk
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