Checked.be
Active
BE 0764.521.633Private limited company
Cornelis Construct
Sander De Vosstraat 89/A ·2500 Lier, Belgium· 5 yrs active
Sector: General construction of residential buildings
(41001)
Conclusion
The KBO register records legal situation 050 for Cornelis Construct (Register: open bankruptcy); this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show equity of €24k and a net result of €3k.
Based on the State Gazette, CBE and 3 annual accounts.
Key figures
| Equity | €24k |
| Net result | €3k |
| Better than sector | 88% |
| Active | 5 yrs |
Financial profile
47
/ 100
Mixed profile: strong on solvency, weaker on stability.
All 5 axes are computed from data Checked has read.
Health
24
Profitability
59
Solvency
100
Growth
52
Stability
0
Bankruptcy probability (12 mo)
Bankruptcy opened
A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.
Risk Assessment
0 / 100
High riskRegister: open bankruptcyThis score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.
Trust signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
24
/ 100
Critical
Computed from 4 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
No credit
open bankruptcy
Score history
85
2021
78
2022
85
2023
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.53 (≥ 1.5)
+10
Quick ratio
Quick ratio 4.53 (≥ 1.0)
+5
Leverage
Debt/equity 0.28 (< 1.0)
+10
Profitability
ROE 12% (≥ 10%)
+10
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Bankruptcy
Open bankruptcy in the KBO legal situation
-60
Computed by Checked from the NBB filing for FY 2023 and the legal situation the KBO register itself records. Indicative, not credit advice.
Financial overview
Annual accounts filed on 31-08-2024 with the NBB · fiscal year 2023 · micro schema
Sector comparison
Fiscal year 2023 · NACE 41, Construction of residential and non-residential buildings · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 77.9% | 40.5% | |
| Net result | €3k | €8k | |
| Equity | €24k | €45k | |
| Gross operating margin | €4k | €32k | |
| Total assets | €31k | €130k |
€3k
-60.2%
21-23
€31k
-29.9%
21-23
€24k
+13.5%
21-23
€24k
+13.5%
21-23
€779
-57.7%
21-23
€7k
-70.2%
21-23
€7k
-70.2%
21-23
4.53
+134.9%
21-23
4.53
+134.9%
21-23
77.9%
+61.9%
21-23
0.28
-73.7%
21-23
11.9%
-64.9%
21-23
9.2%
-43.3%
21-23
Figures by fiscal year and ratios
| Fiscal year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema |
| Revenue | - | - | - |
| EBITDA | - | - | - |
| Net profit | €3k | €7k | €11k |
| Cash flow | - | - | - |
| Staff costs | - | - | - |
| Income taxes | €779 | €2k | €3k |
| Dividends | - | - | - |
| Total assets | €31k | €44k | €17k |
| Equity | €24k | €21k | €14k |
| Debt | €7k | €23k | €3k |
| of which ≤ 1y | €7k | €23k | €3k |
| of which > 1y | - | - | - |
| Working capital | €24k | €21k | €14k |
| Employees (FTE) | - | - | - |
Ratios (computed)
| 2023 | 2022 | 2021 | |
|---|---|---|---|
| Current ratio | 4.53 | 1.93 | 5.67 |
| Quick ratio | 4.53 | 1.93 | 5.67 |
| Working capital ratio | 77.9% | 48.1% | 82.4% |
| Solvency | 77.9% | 48.1% | 82.4% |
| Debt / equity | 0.28 | 1.08 | 0.21 |
| Long-term debt ratio | - | - | - |
| Interest coverage | - | - | - |
| Gross margin | - | - | - |
| Net margin | - | - | - |
| ROA | 9.2% | 16.3% | 64.8% |
| ROE | 11.9% | 33.8% | 78.7% |
| EBITDA margin | - | - | - |
| Days sales outstanding | - | - | - |
| Days payable outstanding | - | - | - |
| Inventory turnover | - | - | - |
| Days inventory (DSI) | - | - | - |
Balance-sheet composition 2023
Full annual accounts (18 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Balance sheet, Assets | ||||
| TOTAL ASSETS | 20/58 | €31k | €44k | €17k |
| Current assets | 29/58 | €31k | €44k | €17k |
| Amounts receivable within one year | 40/41 | €30k | €36k | €16k |
| Cash & bank | 54/58 | €554 | €684 | €350 |
| Balance sheet, Equity & liabilities | ||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €31k | €44k | €17k |
| Equity | 10/15 | €24k | €21k | €14k |
| Contributions / capital | 10/11 | €3k | €3k | €3k |
| Accumulated profits (losses) | 14 | €21k | €18k | €11k |
| Amounts payable | 17/49 | €7k | €23k | €3k |
| Amounts payable within one year | 42/48 | €7k | €23k | €3k |
| Trade debts payable within one year | 44 | €1k | €18k | - |
| Income statement | ||||
| Gross operating margin | 9900 | €4k | €9k | €14k |
| Operating result | 9901 | €4k | €9k | €14k |
| Financial charges | 65 | €50 | €48 | €240 |
| Result before taxes | 9903 | €4k | €9k | €14k |
| Income taxes | 67/77 | €779 | €2k | €3k |
| Net result for the period | 9904 | €3k | €7k | €11k |
| Result to be appropriated | 9905 | €3k | €7k | €11k |
Legal Structure
| NACE primary | General construction of residential buildings(41001) |
| Legal form | Private limited company(610) |
| Incorporation | 02-03-2021 |
| Status | Active |
| Postal code | 2500 |
Establishment units
Cornelis Construct
since 20212.314.842.345
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12019C0141/00C000 | Flanders | 101 m² | 1 · 87 m² | 6.1 m · 1 fl. |
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet €3k ▼60.2%
Net result drops to €3k, the lowest in the series.
31-12
Financial
Liquidity doublescurrent ratio 4.53
Current ratio from 1.93 to 4.53; short-term debt falls from €23k to €7k.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 89 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
Credit advice
No credit: a bankruptcy procedure is open.
Company registry (CBE)
Activities
General construction of residential buildings41001Other construction installation43240Specialised construction activities43299Wholesale of construction materials, general range46831Renting and leasing of other machinery, equipment and tangible goods77399
Names & trade names
| Legal nameNL | Cornelis Construct |
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