CORNALYN
ActiveSummary
The annual accounts of CORNALYN for fiscal year 2025 show a net loss of 79% of total assets and of 88% of the equity at the start of that year. The 2025 annual accounts show equity of €14k and a net result of €-101k. Equity is shrinking by ~14.2% per year across the filed fiscal years. Its solvency ranks better than 17% of 31791 sector peers (fiscal year 2025). The company has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency36▼-34
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 1.0 against 1.69 in 2024; short-term debt: 89.5% and cash: 37.3% of total assets), and 89.5% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.5%
Return on assets
-78.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 31791 sector peers (2025).
NBB · sector comparisonPosition among 31791 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
46 d late
2024
7 d early
2023
36 d late
2022
29 d late
2021
61 d late
2020
27 d late
2019
101 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€14k▼ 88.2%
2024 · €115k
Total assets
€129k▼ 49.9%
2024 · €257k
Net result
€-101k
2024 · €126k
Working capital
€-493
2024 · €99k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€134k▼ 11.4%€122k▼ 9.1%€155k▲ 27.2%€168k▲ 8.2%€-101k
Net result€87k▼ 23.3%€92k▲ 4.9%€114k▲ 24.1%€126k▲ 10.7%€-101k
Equity€48k▼ 75.6%€139k▲ 191%€136k▼ 2.7%€115k▼ 15.5%€14k▼ 88.2%
Total assets€312k▼ 38.4%€356k▲ 14.2%€470k▲ 31.8%€257k▼ 45.3%€129k▼ 49.9%
Debt€264k▼ 14.9%€217k▼ 17.9%€334k▲ 54.0%€142k▼ 57.5%€115k▼ 19.1%
Working capital€38k▼ 78.9%€110k▲ 192%€113k▲ 2.4%€99k▼ 12.5%€-493
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €101k after €168k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129k
Fixed assets
€14k ▼ 12.4%
Current assets
€115k ▼ 52.4%
Equity and liabilities €129k
Equity
€14k ▼ 88.2%
Debt
€115k ▼ 19.1%
Debt's share of the balance-sheet total rises from 55.3% to 89.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-93k▼
2024 · €174k
Cash flow
€-94k▼
2024 · €132k
Current ratio
1.00▼
2024 · 1.69
Debt to equity
8.50▲
2024 · 1.24
ROE
-747.6%▼
2024 · 109.8%
ROA
-78.7%▼
2024 · 49.0%
Interest coverage
-333.00▼
2024 · 61.00
Debt ≤ 1 year
€115k▼
2024 · €142k
Income taxes
€267▼
2024 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €8k | €10k | €7k | €8k | ▲ 14.6% |
| Other operating charges640/8 | €976 | €3k | €2k | €1k | €467 | ▼ 67.6% |
| Non-recurring operating charges66A | - | - | - | €312 | - | - |
| Gross operating margin9900 | €142k | €133k | €168k | €176k | €-93k | ▼ 153% |
| Operating profit (loss)9901 | €134k | €122k | €155k | €168k | €-101k | ▼ 160% |
| Financial income75/76B | - | - | - | €581 | - | - |
| Recurring financial income75 | - | - | - | €581 | - | - |
| Financial charges65/66B | €191 | €2k | €8k | €3k | €280 | ▼ 90.2% |
| Recurring financial charges65 | €191 | €2k | €8k | €3k | €280 | ▼ 90.2% |
| Profit (loss) for the period before taxes9903 | €134k | €120k | €147k | €166k | €-101k | ▼ 161% |
| Income taxes67/77 | €47k | €28k | €33k | €40k | €267 | ▼ 99.3% |
| Profit (loss) for the period9904 | €87k | €92k | €114k | €126k | €-101k | ▼ 180% |
| Transfer from tax-exempt reserves789 | €38k | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €125k | €92k | €114k | €126k | €-101k | ▼ 180% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €312k | €356k | €470k | €257k | €129k | ▼ 49.9% |
| Fixed assets21/28 | €10k | €29k | €23k | €16k | €14k | ▼ 12.4% |
| Tangible fixed assets22/27 | €10k | €29k | €23k | €16k | €14k | ▼ 12.4% |
| Furniture and vehicles24 | €8k | €28k | €23k | €16k | €14k | ▼ 12.4% |
| Other tangible fixed assets26 | €2k | €1k | €390 | - | - | - |
| Current assets29/58 | €302k | €327k | €447k | €241k | €115k | ▼ 52.4% |
| Amounts receivable within one year40/41 | €26k | €35k | €77k | €15k | €65k | ▲ 332% |
| Trade receivables40 | €26k | €23k | €77k | €3k | €3k | = |
| Other amounts receivable41 | - | €12k | - | €12k | €62k | ▲ 406% |
| Cash at bank and in hand54/58 | €274k | €290k | €369k | €225k | €48k | ▼ 78.7% |
| Deferred charges and accrued income490/1 | €2k | €2k | €601 | €1k | €1k | ▲ 33.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €312k | €356k | €470k | €257k | €129k | ▼ 49.9% |
| Equity10/15 | €48k | €139k | €136k | €115k | €14k | ▼ 88.2% |
| Contributions10/11 | €20k | €20k | €20k | €1k | €1k | = |
| Reserves13 | €2k | €2k | €116k | €114k | €114k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €116k | €114k | €114k | = |
| Profit (loss) carried forward14 | €26k | €117k | - | - | €-101k | - |
| Amounts payable17/49 | €264k | €217k | €334k | €142k | €115k | ▼ 19.1% |
| Amounts payable within one year42/48 | €264k | €217k | €334k | €142k | €115k | ▼ 19.1% |
| Financial debts43 | - | - | €288 | €348 | - | - |
| Credit institutions430/8 | - | - | €288 | €348 | - | - |
| Trade debts44 | €3k | €6k | €3k | €220 | €3k | ▲ 1,193% |
| Suppliers440/4 | €3k | €6k | €3k | €220 | €3k | ▲ 1,193% |
| Taxes, remuneration and social security45 | €61k | €21k | €45k | €25k | €267 | ▼ 98.9% |
| Taxes450/3 | €61k | €21k | €43k | €25k | €267 | ▼ 98.9% |
| Remuneration and social security454/9 | - | - | €2k | - | - | - |
| Other amounts payable47/48 | €201k | €189k | €285k | €117k | €112k | ▼ 4.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €87k | €92k | €114k | €126k | €-101k | ▼ 180% |
| + Depreciation and write-downs630 | €7k | €8k | €10k | €7k | €8k | ▲ 14.6% |
| Operating cash flow (approximation) | €94k | €100k | €124k | €132k | €-94k | ▼ 171% |
| Investment in fixed assets (approximation) | - | €-27k | €-4k | €312 | €-6k | ▼ 1,878% |
| Change in cash | - | €16k | €79k | €-145k | €-177k | ▼ 22.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 46 days late
2025
31-12
Financial
Weakest financial yearnet €-101k
Net result drops to €-101k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €126k ▲10.7%
Operating result €168k, net result €126k, both a record.
05-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 36 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Equity above €100kEq €139k ▲191%
5 profitable years in a row build equity to €139k.
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Equity above €150kEq €196k ▲139%
3 profitable years in a row build equity to €196k.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 101 days late
2019
02-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 2 days late
2018
25-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 25 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2014
Ground area
985 m²
Building footprint
1,740 m²
Volume, LiDAR
45,320 m³
2 parcels, Brussels · tallest building 42.2 m, ±11 floors. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
CORNALYN
since 20142.231.685.334
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0158/00E000 | Brussels | 771 m² | 1 · 1,611 m² | 42.2 m · 11 fl. |
| 21005A0582/00W000 | Brussels | 214 m² | 1 · 129 m² | 25.6 m · 8 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Myri_Ed Consulting
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GATMAN
BE 0759.591.558
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SOLUTION360
BE 1010.466.519
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MOMENTUM GROUP
BE 0780.802.587
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Of 82,632 companies in sector 70200 we hold annual accounts for 52,575. 26,295 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-06-2014
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.