CORNELI GROUP
ActiveSummary
CORNELI GROUP has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €23,260 and a net result of €28,599. Equity is growing by ~27.5% per year across the filed fiscal years. Its solvency ranks better than 25% of 16754 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+93
Solvency55▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 4.01 against 2.17 in 2024; short-term debt: 20.6% and cash: 36.7% of total assets), but 70.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.9%
Return on assets
36.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 18-03-2026, 43 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
43 d early
2024
42 d early
2023
39 d early
2022
44 d early
2021
36 d early
2020
42 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 41 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€23,260▲ 118%
2024 · €10,661
Total assets
€77,801▲ 42.3%
2024 · €54,656
Net result
€28,599
2024 · -€9,931
Working capital
€48,405▲ 119%
2024 · €22,153
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€9,152€12,939▲ 41.4%€654▼ 94.9%€49,032▲ 7,402%€31,996▼ 34.7%
Net result€8,464below the sector's middle half€8,177below the sector's middle half▼ 3.4%-€1,349below the sector's middle half-€9,931below the sector's middle half▼ 636%€28,599within the sector's middle half
Equity€13,764below the sector's middle half▲ 160%€21,942below the sector's middle half▲ 59.4%€20,593below the sector's middle half▼ 6.1%€10,661below the sector's middle half▼ 48.2%€23,260below the sector's middle half▲ 118%
Total assets€70,647below the sector's middle half▲ 4.1%€74,912below the sector's middle half▲ 6.0%€81,157below the sector's middle half▲ 8.3%€54,656below the sector's middle half▼ 32.7%€77,801below the sector's middle half▲ 42.3%
Debt€56,883▼ 9.1%€52,971▼ 6.9%€60,564▲ 14.3%€43,994▼ 27.4%€54,541▲ 24.0%
Working capital€18,949below the sector's middle half▲ 82.6%€4,985below the sector's middle half▼ 73.7%€34,329within the sector's middle half▲ 589%€22,153within the sector's middle half▼ 35.5%€48,405within the sector's middle half▲ 119%
Solvency19.5%below the sector's middle half▲ 11.7pp29.3%below the sector's middle half▲ 9.8pp25.4%below the sector's middle half▼ 3.9pp19.5%below the sector's middle half▼ 5.9pp29.9%within the sector's middle half▲ 10.4pp
Current ratio1.63within the sector's middle half▲ 0.351.10below the sector's middle half▼ 0.531.98within the sector's middle half▲ 0.882.17within the sector's middle half▲ 0.194.01within the sector's middle half▲ 1.85
Return on assets (ROA)12.0%within the sector's middle half▲ 19.6pp10.9%within the sector's middle half▼ 1.1pp-1.7%below the sector's middle half▼ 12.6pp-18.2%below the sector's middle half▼ 16.5pp36.8%within the sector's middle half▲ 54.9pp
Staff (FTE)10.1▼ 90.0%
above
within
below
the middle half (P25 to P75) of NACE 86, Human health activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 35% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €77,801
Fixed assets
€13,330 ▼ 1.3%
Current assets
€64,471 ▲ 56.7%
Equity and liabilities €77,801
Equity
€23,260 ▲ 118%
Debt
€54,541 ▲ 24.0%
Debt's share of the balance-sheet total falls from 80.5% to 70.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€36,364▼
2024 · €52,984
Cash flow
€32,967▲
2024 · -€5,980
Quick ratio
3.83▲
2024 · 2.00
Debt to equity
2.34▼
2024 · 4.13
ROE
123.0%▲
2024 · -93.2%
Interest coverage
43.57▲
2024 · 0.90
Debt ≤ 1 year
€16,066▼
2024 · €18,994
Debt > 1 year
€25,000=
2024 · €25,000
Income taxes
€2,564▲
2024 · €0
Staff costs
€0▼
2024 · €10,246
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,706 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,706 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €21,291 | €10,246 | €0 | ▼ 100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,583 | €7,893 | €7,672 | €3,951 | €4,369 | ▲ 10.6% |
| Other operating charges640/8 | - | €3,267 | €6,255 | €4,047 | €4,054 | ▲ 0.2% |
| Gross operating margin9900 | €18,256 | €24,099 | €35,872 | €67,276 | €40,418 | ▼ 39.9% |
| Operating profit (loss)9901 | €9,152 | €12,939 | €654 | €49,032 | €31,996 | ▼ 34.7% |
| Financial income75/76B | - | €18 | €0 | €63 | €1 | ▼ 98.0% |
| Recurring financial income75 | €412 | €18 | €0 | €63 | €1 | ▼ 98.0% |
| Financial charges65/66B | - | €1,340 | €1,483 | €59,026 | €835 | ▼ 98.6% |
| Recurring financial charges65 | €724 | €1,340 | €1,483 | €59,026 | €835 | ▼ 98.6% |
| Profit (loss) for the period before taxes9903 | €8,840 | €11,617 | -€829 | -€9,931 | €31,162 | ▲ 414% |
| Income taxes67/77 | €376 | €3,440 | €520 | €0 | €2,564 | ▲ 3,204,650% |
| Profit (loss) for the period9904 | €8,464 | €8,177 | -€1,349 | -€9,931 | €28,599 | ▲ 388% |
| Profit (loss) for the period to be appropriated9905 | €8,464 | €8,177 | -€1,349 | -€9,931 | €28,599 | ▲ 388% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €70,647 | €74,912 | €81,157 | €54,656 | €77,801 | ▲ 42.3% |
| Fixed assets21/28 | €21,546 | €18,160 | €11,648 | €13,508 | €13,330 | ▼ 1.3% |
| Tangible fixed assets22/27 | €18,096 | €14,710 | €8,198 | €10,058 | €9,880 | ▼ 1.8% |
| Plant, machinery and equipment23 | - | €8,501 | €3,898 | €3,833 | €5,719 | ▲ 49.2% |
| Furniture and vehicles24 | - | €2,216 | €1,459 | €1,827 | €1,073 | ▼ 41.3% |
| Leasing and similar rights25 | - | €2,055 | €1,514 | €0 | - | - |
| Other tangible fixed assets26 | - | €1,939 | €1,327 | €4,398 | €3,088 | ▼ 29.8% |
| Financial fixed assets28 | €3,450 | €3,450 | €3,450 | €3,450 | €3,450 | = |
| Current assets29/58 | €49,101 | €56,753 | €69,509 | €41,147 | €64,471 | ▲ 56.7% |
| Amounts receivable after more than one year29 | - | €17,000 | €17,000 | €0 | - | - |
| Other amounts receivable291 | - | €17,000 | €17,000 | €0 | - | - |
| Stocks and contracts in progress3 | €2,509 | €3,348 | €4,388 | €3,070 | €2,940 | ▼ 4.2% |
| Stocks30/36 | - | €3,348 | €2,648 | €3,070 | €2,940 | ▼ 4.2% |
| Contracts in progress37 | - | - | €1,740 | €0 | - | - |
| Amounts receivable within one year40/41 | €13,059 | €10,019 | €24,931 | €11,663 | €32,970 | ▲ 183% |
| Trade receivables40 | - | €7,218 | €5,983 | €11,472 | €16,089 | ▲ 40.2% |
| Other amounts receivable41 | - | €2,801 | €18,947 | €191 | €16,881 | ▲ 8,756% |
| Cash at bank and in hand54/58 | €14,836 | €25,603 | €20,668 | €14,243 | €28,540 | ▲ 100% |
| Deferred charges and accrued income490/1 | - | €782 | €2,521 | €12,172 | €21 | ▼ 99.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €70,647 | €74,912 | €81,157 | €54,656 | €77,801 | ▲ 42.3% |
| Equity10/15 | €13,764 | €21,942 | €20,593 | €10,661 | €23,260 | ▲ 118% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Outside capital11 | - | €6,200 | - | - | - | - |
| Other1109/19 | - | €6,200 | - | - | - | - |
| Reserves13 | €7,564 | €15,742 | €15,741 | €15,741 | €17,060 | ▲ 8.4% |
| Non-distributable reserves130/1 | - | €1,355 | €1,355 | €1,355 | €1,355 | = |
| Reserves not available under the articles1311 | - | €1,355 | €1,355 | €1,355 | €1,355 | = |
| Distributable reserves133 | - | €14,387 | €14,386 | €14,386 | €15,705 | ▲ 9.2% |
| Profit (loss) carried forward14 | - | - | -€1,348 | -€11,280 | €0 | ▲ 100% |
| Amounts payable17/49 | €56,883 | €52,971 | €60,564 | €43,994 | €54,541 | ▲ 24.0% |
| Amounts payable after more than one year17 | €26,731 | €855 | €25,000 | €25,000 | €25,000 | = |
| Financial debts170/4 | - | €855 | €0 | - | - | - |
| Other amounts payable178/9 | - | - | €25,000 | €25,000 | €25,000 | = |
| Amounts payable within one year42/48 | €30,152 | €51,768 | €35,179 | €18,994 | €16,066 | ▼ 15.4% |
| Current portion of amounts payable after more than one year42 | - | €25,876 | €855 | €0 | - | - |
| Trade debts44 | €2,389 | €3,193 | €3,483 | €7,954 | €7,515 | ▼ 5.5% |
| Suppliers440/4 | - | €3,193 | €3,483 | €7,954 | €7,515 | ▼ 5.5% |
| Taxes, remuneration and social security45 | - | €7,435 | €16,470 | €7,207 | €8,551 | ▲ 18.6% |
| Taxes450/3 | - | €7,435 | €15,316 | €7,207 | €8,551 | ▲ 18.6% |
| Remuneration and social security454/9 | - | - | €1,153 | €0 | - | - |
| Other amounts payable47/48 | - | €15,264 | €14,371 | €3,833 | €0 | ▼ 100% |
| Accrued charges and deferred income492/3 | - | €348 | €384 | €0 | €13,475 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,464 | €8,177 | -€1,349 | -€9,931 | €28,599 | ▲ 388% |
| + Depreciation and write-downs630 | €6,583 | €7,893 | €7,672 | €3,951 | €4,369 | ▲ 10.6% |
| Operating cash flow (approximation) | €15,047 | €16,070 | €6,323 | -€5,980 | €32,967 | ▲ 651% |
| Investment in fixed assets (approximation) | - | -€4,507 | -€1,161 | -€5,811 | -€4,191 | ▲ 27.9% |
| Change in cash | - | €10,767 | -€4,935 | -€6,424 | €14,297 | ▲ 323% |
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
17-07
State Gazette act
Resignation: Birgit Vermeiren (director)Appointment: Johan Vermeiren (non-statutory director) · Capital · Legal form clause15 facts ▸
State Gazette act
Resignation: Birgit Vermeiren (director)
Appointment: Johan Vermeiren (non-statutory director) · Capital · Legal form clause15 facts ▸
- Capital
- General meeting, 08-07-2026
- Director resignation, Birgit Vermeiren (director)
- Director appointment, Johan Vermeiren (non-statutory director)
- Other statement, toepassing Wetboek van vennootschappen en verenigingen, dwingende bepalingen van toepassing,strijdige statutaire bepalingen voor niet geschreven gehouden
- Legal form clause, besloten vennootschap, artikel 39.§2.lid 2 vermelde wet
- Capital conversion, statutair onbeschikbare eigen vermogensrekening
- Capital conversion, statutair onbeschikbare eigen vermogensrekening
- Capital conversion, niet-statutaire onbeschikbare eigen vermogensrekening niet-opgevraagde inbrengen
- Other statement, Mechelen, registratie akte
- Other statement, I.Inbreng A.Beschikbaar, III.Reserves C.Beschikbare reserves
- Other statement, subrekening niet-opgevraagde inbrengen binnen beschikbaar eigen vermogen
- +3 further facts in this act
18-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €28,599
Net result €28,599 after 2 loss-making years.
19-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Back to profitnet €8,464
Net result €8,464 after one loss-making year.
19-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
18-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €27,105
Net result €27,105 after one loss-making year.
20-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Johan Vermeiren
CurrentNon-statutory director · since 08-07-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
3 of this company's 4 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Zandhoven · 1 establishment unit since 2018
Ground area
460 m²
Building footprint
141 m²
Volume, LiDAR
1,052 m³
Parcel 11054B0401/00Z003, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CORNELI GROUP
since 20182.272.824.420
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11054B0401/00Z003 | Flanders | 460 m² | 1 · 141 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Johan Vermeiren |
|
| Birgit Vermeiren |
|
Articles of association
Who signs
“Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en treedt namens haar op in en buiten rechte. Bij belangenconflicten tussen de vennootschap en een bestuurder dienen de voorschriften van het Wetboek van vennootschappen en verenigingen te worden nageleefd.”
Annual meeting
Second Friday of March at 20:00
Duration
Unlimited
Other statement
Ten minste vijftien dagen, voorkeurrecht bij inbreng in geld met nieuwe aandelen
Ondeelbaarheid van aandelen en andere effecten, één eigenaar per effect voor uitoefening rechten
Alle handelingen nodig of nuttig voor verwezenlijking voorwerp, bevoegdheden bestuursorgaan
Toegang tot algemene vergadering, houder effecten op naam ingeschreven in register voor zijn categorie
Bestuurder,of bij gebrek aandeelhouder met meeste aandelen,of bij pariteit oudste, zittingen-notulen algemene vergadering
Schriftelijke volmacht aan ieder ander persoon al dan niet aandeelhouder, beraadslagingen algemene vergadering
Bestuursorgaan tijdens zitting, verdaging vergadering
Met inachtneming wettelijke voorschriften uitkeerbare winsten, bestemming winst
Woonstkeuze, tenzij andere woonplaats gekozen in België voor betrekkingen met vennootschap
Rechtbank in wiens rechtsgebied zetel gevestigd, elke betwisting zaken vennootschap en uitvoering statuten tussen vennootschap,aandeelhouders,bestuurders,commis…
Gemeen recht, bepalingen Wetboek van vennootschappen en verenigingen waarvan niet geldig afgeweken geacht ingeschreven
Boeking bijstortingen niet opgevraagde inbrengen, beschikbaar eigen vermogen op balanspost I.Inbreng A.Beschikbaar
2 more provisions on this in the deed
Share class
Op naam, register van aandelen op naam
Transfer restriction
Helft overdrager,helft koper(s) naar evenredigheid, elke overdracht onder levenden ten bezwarende of kosteloze titel,vrijwillig of gedwongen,vruchtgebruik,blote…
Board rule
Met of zonder beperking van duur, één of meer bestuurders
Vaste of evenredige vergoeding, algemene vergadering beslist anders
Dissolution rule
In vormen vereist voor statutenwijziging, op elk moment
Liquidation rule
One provision in the deed
Liquidation distribution
Na aanzuivering schulden,lasten,kosten of consignatie nodige sommen, netto actief onder alle aandeelhouders naar verhouding aantal aandelen;goederen in natura o…
Name clause
CORNELI GROUP
Registered office clause
Vlaamse Gewest, bestuursorgaan bepaalt adres
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Capital and shareholders
Capital over the years
- 17-07-2026 Converted to unavailable equity · 6,200 EUR
- 17-07-2026 Converted to unavailable equity · 1,355.24 EUR
- 17-07-2026 Converted to unavailable equity · 12,400 EUR
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 721 EUR awarded · 721 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 143 EUR | 143 EUR |
| 2022 | 1 | 578 EUR | 578 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
2549006CS9FZQZGHDE89
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Of 12,699 companies in sector 86951 we hold annual accounts for 2,146. 1,887 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
Founded18-12-2017
Fiscal year end30-09
Activities, NACEBEL 2025
86951Physiotherapy
47741Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
86995Nutrition and dietetics services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0686538284
Registered
26-07-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.