CORNELISSEN
ActiveCORNELISSEN has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €147k and a net result of €10k. Equity is growing by ~12.5% per year across the filed fiscal years. Its solvency ranks better than 78% of 11209 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
77
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▼-8
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 6.58 against 5.17 in 2024; short-term debt: 14% and cash: 2.3% of total assets), and 22.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
77.1%
Return on assets
5.4%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
27 d late
2023
on the day
2022
4 d early
2021
3 d early
2020
2 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close18-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€147k▲ 7.5%
2024 · €137k
2019: €64k
2020: €79k
2021: €101k
2022: €110k
2023: €117k
2024: €137k
2019 → 2025
Total assets
€191k▲ 4.7%
2024 · €182k
2019: €387k
2020: €376k
2021: €219k
2022: €140k
2023: €164k
2024: €182k
2019 → 2025
Net result
€10k▼ 49.2%
2024 · €20k
2019: €1k
2020: €15k
2021: €22k
2022: €9k
2023: €7k
2024: €20k
2019 → 2025
Working capital
€149k▲ 17.0%
2024 · €127k
2019: €19k
2020: €131k
2021: €81k
2022: €96k
2023: €107k
2024: €127k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€101k-€110k▲ 8.5%€117k▲ 6.5%€137k▲ 17.3%€147k▲ 7.5%
Operating result€1k-€2k▲ 30.0%€11k▲ 601%€32k▲ 191%€17k▼ 48.4%
Net result€22k-€9k▼ 60.5%€7k▼ 16.5%€20k▲ 181%€10k▼ 49.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 48% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €191k
Fixed assets
€16k▼ 37.2%
Current assets
€175k▲ 11.3%
Equity and liabilities €191k
Equity
€147k▲ 7.5%
Debt
€44k▼ 3.8%
The debt ratio falls from 25.0% to 22.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€26k▼
2024 · €39k
Cash flow
€20k▼
2024 · €27k
Solvency
77.1%▲
2024 · 75.0%
Current ratio
6.58▲
2024 · 5.17
Quick ratio
2.82▲
2024 · 1.88
Debt / equity
0.30▼
2024 · 0.33
ROE
7.0%▼
2024 · 14.7%
ROA
5.4%▼
2024 · 11.0%
Interest coverage
17.53▼
2024 · 43.36
Debt
€44k▼
2024 · €46k
Debt ≤ 1 year
€27k▼
2024 · €30k
Debt > 1 year
€17k▲
2024 · €15k
Income taxes
€5k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€182k€191k▲
Fixed assets21/28€25k€16k▼
Tangible fixed assets22/27€25k€16k▼
Furniture and vehicles24€25k€16k▼
Current assets29/58€157k€175k▲
Stocks and contracts in progress3€100k€100k=
Stocks30/36€100k€100k=
Amounts receivable within one year40/41€48k€69k▲
Trade receivables40€6k€6k▼
Other amounts receivable41€43k€64k▲
Cash at bank and in hand54/58€9k€4k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€182k€191k▲
Equity10/15€137k€147k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€42k€52k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€36k€46k▲
Profit (loss) carried forward14€33k€33k=
Amounts payable17/49€46k€44k▼
Amounts payable after more than one year17€15k€17k▲
Financial debts170/4€15k€17k▲
Amounts payable within one year42/48€30k€27k▼
Current portion of amounts payable after more than one year42-€10k
Financial debts43€5k-
Credit institutions430/8€5k-
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Taxes, remuneration and social security45€19k€13k▼
Taxes450/3€19k€13k▼
Other amounts payable47/48-€0
Income statement
Code20242025
Non-recurring operating income76A€453-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8€1k€1k▲
Gross operating margin9900€40k€27k▼
Operating profit (loss)9901€32k€17k▼
Financial income75/76B-€0
Recurring financial income75-€0
Non-recurring financial income76B-€0
Financial charges65/66B€894€1k▲
Recurring financial charges65€894€1k▲
Profit (loss) for the period before taxes9903€31k€15k▼
Income taxes67/77€11k€5k▼
Profit (loss) for the period9904€20k€10k▼
Profit (loss) for the period to be appropriated9905€20k€10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€53k€44k▼
Profit (loss) brought forward from the previous period14P€33k€33k=
Transfer to equity691/2€20k€10k▼
To other reserves6921€20k€10k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-03
State Gazette act
Resignations & appointmentsGeneral meeting · Director reappointment · Director appointment6 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director reappointment · Director appointment6 facts ▸
- General meeting, 10/12/2025
- Director reappointment, Kris Cornelissen (bestuurder)
- Director reappointment, Viktor Cornelissen (bestuurder)
- Director reappointment, Kobe Cornelissen (bestuurder)
- Director appointment, Guus Cornelissen (bestuurder)
- Director appointment, Roos Cornelissen (bestuurder)
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Liquidity doublescurrent ratio 4.14
Current ratio from 1.68 to 4.14; short-term debt falls from €118k to €31k.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €22k ▲43.9%
Net result €22k, the highest in the series.
30-06
Financial
Equity above €100kEq €101k ▲27.3%
3 profitable years in a row build equity to €101k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2025
This board is reconstructed from a single act (26039382). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Cornelissen Kobe
CurrentDirector · since 10-12-2025
Cornelissen Kris
CurrentDirector · since 10-12-2025
Cornelissen Viktor
CurrentDirector · since 10-12-2025
Guus Cornelissen
CurrentDirector · since 10-12-2025
Roos Cornelissen
CurrentDirector · since 10-12-2025
10-12-2025
Cornelissen Kobe: Mandate renewed as Director
10-12-2025
Cornelissen Kris: Mandate renewed as Director
10-12-2025
Cornelissen Viktor: Mandate renewed as Director
10-12-2025
Guus Cornelissen: Appointed as Director
10-12-2025
Roos Cornelissen: Appointed as Director
06-01-2020
De Cat Tony: Resigned as Director
Location & real-estate footprint
Registered office, Tielt-Winge · 2 establishment units since 1994
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kerkstraat 413391 Tielt-WingeGround area
1,513 m²
Building footprint
155 m²
Volume, LiDAR
895 m³
2 parcels, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
CORNELISSEN NV
since 19942.069.410.668
Cornelissen
since 20172.262.094.834
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24067A0132/00Z003 | Flanders | 855 m² | 1 · 144 m² | 7.6 m · 2 fl. |
| 24047B0123/00N003 | Flanders | 658 m² | 1 · 11 m² | 6.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTielt-Winge2.069.410.668
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VAN KEERBERGHEN en ZOON
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VORSSELMANS ZUIVEL
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Wuustwezel · Eq €155k
Of 392 companies in sector 46331 we hold annual accounts for 228. 135 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded29-11-1994
Fiscal year end30-06
Activities, NACEBEL
46331Wholesale trade
51331
Sources
Crossroads Bank for EnterprisesNational Bank · 29 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.