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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Two loss years in a row NBB
Negative result in 2021 and 2022.
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Tight liquidity NBB
Cash and receivables cover 49 % of short-term debt in 2022; threshold 65 %.
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Late annual account NBB
Fiscal year 2022 was filed 281 days after the legal deadline.
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Annual account missing NBB
Fiscal year 2023 was expected before 31 July 2024 and has not been filed.
Financials
Financial year 2022
CORDY & CDM from Gistel, company number BE0476244660, closed financial year 2022 with a result of € -142,323 after tax. For that financial year CORDY & CDM recorded a gross margin of € 530,389 and equity of € 58,273. Compared with financial year 2021, the result moved from € -120,382 to € -142,323. The company made a loss. The buffer shrank hard: equity is 71 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 7, 2024.
€ 58,273
▼ 71% vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -142,323
▼ 18 % more loss than in 2021
Profit after tax over the fiscal year.
€ 12,599
▼ 84% vs 2021
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -453,727.
People and assets in 2022
17.8
▼ 1.1 vs 2021
Average over the fiscal year, from the social balance sheet.
€ 636,640
€ 35,800 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.
€ 81
▼ 33% vs 2021
Book value of vehicles, furniture and equipment.
Debts at end 2022
€ 123,550
▼ 11% vs 2021
€ 52,409 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 91,784
▲ 14% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 150,292
▲ 13% vs 2021
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 546,511 | € 530,389 | ▼ 3% |
| Profit after taxes | € -120,382 | € -142,323 | ▼ € 21,941 |
| Equity | € 200,596 | € 58,273 | ▼ 71% |
| Total debts | € 535,154 | € 541,694 | ▲ 1% |
| Cash | € 80,678 | € 12,599 | ▼ 84% |
| Retained profit | € -311,404 | € -453,727 | ▼ € 142,323 |
| Bank debt | € 138,510 | € 123,550 | ▼ 11% |
| Balance sheet total | € 735,750 | € 599,967 | ▼ 18% |
| Employees (FTE) | 18.9 | 17.8 | ▼ 1.1 |
Key figures of CORDY & CDM, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to CORDY & CDM?
What happened at CORDY & CDM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Bart Luca stepped down as director. NBB
- New annual accounts for financial year 2022: loss of € 142,323. filed late Source: NBB ↗
- Bart Luca became a director. NBB
- New establishment in Gistel. KBO
- Start of the company according to the CBE. KBO
In short
From € 120,382 loss in 2021 to € 142,323 loss in 2022.
Paid € 2,494 in corporate taxes since 2021.
On average € 29,800 of value added per employee in 2022.
Management
Directors
According to the 2022 annual accounts
Bart Luca
Director
since 2020 · until 2026
Establishments
Establishment units
Physical locations of this company
Mosselstraat 14A
8470 Gistel
Mosselstraat 14 A
8470 Gistel
Active since 14 December 2001
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Website info
Features
Details
- Company number
- 0476.244.660
- VAT number
- BE 0476.244.660
- Registered office
- Mosselstraat 14A, 8470 Gistel
- Names & denominations
- CORDY & CDM · C&C
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 5 December 2001
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Activiteiten van binderijen en aanverwante diensten
Boekbinden
Vervaardiging van papier en karton
Vervaardiging van papier
Vervaardiging van andere producten van kunststof
Vervaardiging van overige producten van kunststof
Vervaardiging van karton