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 26% of 16718 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.
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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
27-09-2026 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.
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€8,464€8,177▼ 3.4%-€1,349-€9,931▼ 636%€28,599
Equity€13,764▲ 160%€21,942▲ 59.4%€20,593▼ 6.1%€10,661▼ 48.2%€23,260▲ 118%
Total assets€70,647▲ 4.1%€74,912▲ 6.0%€81,157▲ 8.3%€54,656▼ 32.7%€77,801▲ 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€18,949▲ 82.6%€4,985▼ 73.7%€34,329▲ 589%€22,153▼ 35.5%€48,405▲ 119%
Staff (FTE)10.1▼ 90.0%
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
Current ratio
4.01▲
2024 · 2.17
Quick ratio
3.83▲
2024 · 2.00
Debt to equity
2.34▼
2024 · 4.13
ROE
123.0%▲
2024 · -93.2%
ROA
36.8%▲
2024 · -18.2%
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 6,703 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 497,058 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% | 1.6% |
| 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 74% 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 6,703 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
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 milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, 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.
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.