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 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
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Busy address KBO
28 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
C2F1 from Temse, company number BE0744436002, closed financial year 2025 with a result of € -7.9 million after tax. For that financial year C2F1 recorded revenue of € 6.9 million and equity of € 122.3 million. Compared with financial year 2024, the result moved from € -5.6 million to € -7.9 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 122.3 million
▼ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -7.9 million
▼ 41 % more loss than in 2024
Profit after tax over the fiscal year.
€ 10.1 million
▼ 33% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -19.6 million.
People and assets in 2025
30.1
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.9 million
▲ 4% vs 2024
€ 96,100 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.
€ 1,521
▼ 83% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 170.2 million
▼ 9% vs 2024
Loans from banks and other lenders, long and short.
€ 3.5 million
▲ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 129 days on average.
€ 457,568
▼ 57% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 3,362,902 | € 4,505,064 | € 6,057,769 | € 6,879,786 | ▲ 14% |
| Profit after taxes | € 1,148,367 | € -7,239,157 | € -5,599,571 | € -7,894,899 | ▼ € 2.3 million |
| Equity | € 143,056,724 | € 135,817,566 | € 130,217,995 | € 122,323,096 | ▼ 6% |
| Total debts | € 181,599,871 | € 176,841,959 | € 230,441,748 | € 214,780,275 | ▼ 7% |
| Cash | € 1,348,981 | € 6,347,103 | € 14,972,216 | € 10,081,172 | ▼ 33% |
| Retained profit | € 1,134,124 | € -6,105,034 | € -11,704,605 | € -19,599,504 | ▼ € 7.9 million |
| Bank debt | € 69,000,000 | € 85,394,529 | € 187,417,983 | € 170,239,575 | ▼ 9% |
| Balance sheet total | € 324,656,595 | € 312,659,525 | € 360,659,743 | € 341,196,163 | ▼ 5% |
| Employees (FTE) | 24.8 | 31.8 | 31.4 | 30.1 | ▼ 1.3 |
Key figures of C2F1, 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 C2F1?
What happened at C2F1 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Aurélie Cordeel stepped down as director. NBB
- Filip Cordeel stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 7.9 million. Source: NBB ↗
- Aurélie Cordeel became a director. NBB
- Filip Cordeel became a director. NBB
- New establishment in Temse. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.1 million profit in 2022 to € 7.9 million loss in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2022, with € 1.1 million profit.
Pays suppliers within 129 days on average.
A new publication or filing at C2F1? 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
It owns 100% of CORDEEL GROUP, 100% of C-FIRE, 100% of C-SUPPLY , 100% of FINO and 50.9% of C-ENERGY itself.
Directors
According to the 2025 annual accounts
since 2026 · until 2032
Filip Cordeel
Director
Also active at: CORDEEL ZETEL HOESELT, FINO, CORDEEL GROUP, BERNARD CONSTRUCTION, TENNIS MIDDELKERKE, DEMCOR, VLAECO, Immo Cordeel-Aertssen +24 more
since 2026 · until 2032
Establishments
Establishment units
Physical locations of this company
Frank Van Dyckelaan 15
9140 Temse
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 28 companies are registered at this address.
All companies at this address →C-FIRE same network
€ 535,397 gross margin · 2025
C-LIVING
€ 3.3 million revenue · 2025
C-Energy same network
€ 1 million gross margin · 2025
CORDEEL GROUP same network
€ 10 million revenue · 2025
C-Ground
€ -1.5 million gross margin · 2025
+23 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
cordeel.eu
Registrar
Combell NV
Website info
Features
Security
Network
Details
- Company number
- 0744.436.002
- VAT number
- BE 0744.436.002
- Registered office
- Frank Van Dyckelaan 15, 9140 Temse
- Names & denominations
- C2F1
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 February 2020
- Peppol
- Active · Active since 1 Jan 2001
- Contact
- cordeel.eu
- Activities · NACE
Overige zakelijke dienstverlening, neg
Activiteiten van holdings
Holdings