Equity
-€8,970
Debts exceed assets in financial year 2025.
BART CORNU DESIGN
Lifetime
17 annual accounts with figures on one time axispeak €163,756 (2020)
€33,335▼ 57.5%
lowest -€36,628 (2012)
-€17,093▼ €18,107
peak €25,708 (2023)
-€8,970▼ €17,093
€203,682▼ 2.8%
peak 3 FTE (2020)
-not published
Board1 name since 2021
1 directorCornu Bart
Documentsfilings and deeds
24-06-202637 days before the deadline
2025micro format
Gross margin from €78,387 to €33,335Loss of €17,093Equity from €8,123 to -€8,970Cash from €22,048 to €14,288
Key points
from the 2025 annual accountsTurnover
≈ €130,000 estimated
The micro format states no turnover.
Debts
€203,682 105% of the balance sheet
Financial debts 64%Suppliers 21%Taxes and wages 6%Other 9%
Of this, €74,306 falls due within a year.
Staff
1 employees on 31-12-2025
In 2025, 1 person joined and 2 left.
Filings
17 annual accounts since 2009
The 2018 accounts came 14 days late. The other nine of the last ten were filed on time.
Position in the sector
-€17,093
Lower net result than 91% of companies in wood and cork. Sector median €8,998 · 666 companies.
Checked score
53
Fair
Financially stronger than 15% of micro companies in wood and cork (NACE 16)
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
1.4% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 1,032 companies (NACE 16, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024lowest value
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.5%▲ +0.2 percentage points vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 1.0%▲ +0.5 percentage points vs 07-2026
09-2026: 1.2%▲ +0.2 percentage points vs 08-2026
10-2026: 1.4%▲ +0.2 percentage points vs 09-2026highest value
11-2026: 1.4%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Loss of €17,093 (financial year 2025)
Negative equity -€8,970
Sector: Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials (NACE 16)
lowers risk
Size: total assets €194,712
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 16, micro). It does better than 12% of them on solvency, 32% on liquidity, 14% on profitability and 1% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,333 companies had the same profile as BART CORNU DESIGN has now. Each dot stands for 6 companies, two years later.
90.6%
were still trading
5.8%
stopped another way
2.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of BART CORNU DESIGN itself: 1.4% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,333 companies, not a prediction for BART CORNU DESIGN. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 1.6 (1.88 in 2024), above the usual 1.5. Short-term debt is 38.2% and cash 7.3% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€8,970
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 days early
2024
71 days early
2023
on the day
2022
52 days early
2021
4 days early
2020
2 days early
2019
21 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 27 days before the deadline. In the sector (NACE 16), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 June (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0896353145
Change of role: Cornu Bart, from manager to director
Director discharge: Cornu Bart · General meeting of 21-03-2023 · Gazette deed
New establishment in Ostend
Nieuwpoortsesteenweg 280
Incorporation
published on 20-03-2008 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| BART CORNU DESIGN Hamme (Vl.) | €194,712 | €33,335 | -4.6% | - |
| FLEXYS CONSULTING Hélécine | €282,938 | €23,204 | 60.2% | - |
| ERPENT ENCADREMENT Namur | €184,541 | €16,362 | -118.7% | - |
| L'ATELIER DU VIEUX MARRONNIER Bastogne | €119,060 | €20,915 | 69.2% | - |
| ARTO PRODUCTION Kinrooi | €159,712 | €29,104 | 44.5% | - |
| ARTCADEMIA Wavre | €114,148 | €64,227 | 56.0% | - |
| ZANDER Laakdal | €146,318 | €13,428 | 32.5% | - |
These companies have the same main activity as BART CORNU DESIGN: manufacture of other wood products (NACE 16281). They are comparable in size and age: total assets between €114,000 and €283,000, founded between 1996 and 2013.
Official details
Source: KBO- Status
- Active since 11-03-2008Normal situation
- Activity
- Manufacture of other wood productsNACE 16281and 5 others
- Establishment units
- 2.169.466.6639220 Hamme (Vl.), since 11-03-2008
- 2.368.961.3188400 Ostend, since 01-01-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 05-05-2025
Annual accounts 2025
- €194,712▼ 10.6%
- Employeeson 31-12-2025
- 1▼ 50.0%
- Filing
- Filed on 24-06-2026, 37 days before the end of the filing period
Insights on BART CORNU DESIGN
BART CORNU DESIGN files the micro format. That format states no turnover. The gross margin rose from -€865 in 2009 to €33,335 in 2025.
The balance sheet grew most from 2010 to 2011 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about BART CORNU DESIGN
- What is the company number of BART CORNU DESIGN?
- The company number of BART CORNU DESIGN is 0896.353.145. The VAT number is the same number with BE in front: BE 0896.353.145.
- Where is BART CORNU DESIGN based?
- The registered office is at Noordstraat 141, 9220 Hamme (Vl.).Company details
- What does BART CORNU DESIGN do?
- According to the KBO register, the main activity is manufacture of other wood products (NACE 16281).
- What is the legal form of BART CORNU DESIGN?
- BART CORNU DESIGN is a private limited company (BV).
- When was BART CORNU DESIGN founded?
- BART CORNU DESIGN was founded on 11-03-2008.
- Is BART CORNU DESIGN still active?
- Yes, BART CORNU DESIGN is an active enterprise in the KBO register.
- How many employees does BART CORNU DESIGN have?
- BART CORNU DESIGN had an average of 0.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of BART CORNU DESIGN?
- The turnover in financial year 2025 is ≈ €130,000. This figure is estimated from the gross margin of €33,335 and 2,936 comparable companies of the same size. It probably lies between €81,000 and €240,000. It is a rough estimate.
- Is BART CORNU DESIGN profitable?
- In financial year 2025, BART CORNU DESIGN made a loss of €17,093.
- Where can I find the annual accounts of BART CORNU DESIGN?
- BART CORNU DESIGN filed 17 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of BART CORNU DESIGN due?
- BART CORNU DESIGN must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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