Cornerstone
ActiveSummary
Cornerstone has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €273,154 and a net result of €46,596. Equity has been growing by about 17% per year since 2022. Its solvency ranks better than 63% of 1,597 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-12-2021 Normal situation
- Activity
- Hotels and similar accommodation NACE 55100and 1 other
- Establishment unit
- 2.324.897.384 8620 Nieuwpoort, since 02-12-2021
- Financial year end
- 31 December
- Peppol
- Reachable since 27-03-2026
Board and ownership
- Loze visserDirector · permanent representative Dries De Jonckheere
- LIGHTHOUSE INVEST25%· score 872025 annual accounts of LIGHTHOUSE INVEST
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Gross margin
- €80,158
- ▼ 4.4%
- Turnover
- ≈ €240,000
- estimated
- Profit
- €46,596
- ▲ 15.6%
- Equity
- €273,154
- ▲ 20.6%
- Total assets
- €750,998
- ▲ 22.9%
Score breakdownraises riskLiquidity: current ratio 1.83, cash €8,594, halvedFounded in 2021lowers riskSize: total assets €750,998Figures for financial year 2025 (filed on 23-06-2026)Show the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, micro). It does better than 61% of them on solvency, 43% on liquidity, 74% on profitability and 77% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 23 days before the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 23-06-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is 3% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Securities and guarantees
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Mortgages, amount registered | €55,000 | €55,000 | €55,000 | €55,000 |
| Carrying value of the mortgaged assets | €449,921 | €447,372 | €429,067 | €410,270 |
Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €469,620 | - | - | - |
| Financial fixed assets | €50,000 | €50,000 | - | - |
| Depreciation and write-downs of the year | €1,992 | €19,401 | €21,005 | €19,485 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2023 · 1 entry · €5,426 awarded · €5,393 paid| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,992 | €19,401 | €21,005 | €19,485 | ▼ 7.2% |
| Other operating charges640/8 | €907 | €1,320 | €1,908 | €1,830 | ▼ 4.1% |
| Gross operating margin9900 | -€6,759 | €41,119 | €83,871 | €80,158 | ▼ 4.4% |
| Operating profit (loss)9901 | -€9,658 | €20,398 | €60,958 | €58,843 | ▼ 3.5% |
| Financial income75/76B | - | €2,688 | €0 | - | - |
| Recurring financial income75 | - | €2,688 | €0 | - | - |
| Financial charges65/66B | €5,072 | €22,091 | €20,665 | €12,247 | ▼ 40.7% |
| Recurring financial charges65 | €5,072 | €22,091 | €20,665 | €12,247 | ▼ 40.7% |
| Profit (loss) for the period before taxes9903 | -€14,730 | €995 | €40,293 | €46,596 | ▲ 15.6% |
| Profit (loss) for the period9904 | -€14,730 | €995 | €40,293 | €46,596 | ▲ 15.6% |
| Profit (loss) for the period to be appropriated9905 | -€14,730 | €995 | €40,293 | €46,596 | ▲ 15.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €638,076 | €644,858 | €611,097 | €750,998 | ▲ 22.9% |
| Formation expenses20 | €4,403 | €3,716 | €3,029 | €2,342 | ▼ 22.7% |
| Fixed assets21/28 | €468,126 | €499,386 | €479,067 | €460,270 | ▼ 3.9% |
| Tangible fixed assets22/27 | €468,100 | €449,386 | €429,067 | €410,270 | ▼ 4.4% |
| Land and buildings22 | €464,320 | €447,372 | €428,821 | €410,270 | ▼ 4.3% |
| Plant, machinery and equipment23 | €3,780 | €2,013 | €246 | €0 | ▼ 100.0% |
| Financial fixed assets28 | €26 | €50,000 | €50,000 | €50,000 | = |
| Current assets29/58 | €165,548 | €141,757 | €129,001 | €288,386 | ▲ 124% |
| Amounts receivable within one year40/41 | €153,582 | €115,188 | €110,961 | €279,793 | ▲ 152% |
| Trade receivables40 | €36,300 | €0 | €25,773 | €144,216 | ▲ 460% |
| Other amounts receivable41 | €117,282 | €115,188 | €85,188 | €135,577 | ▲ 59.2% |
| Cash at bank and in hand54/58 | €11,966 | €26,569 | €18,040 | €8,594 | ▼ 52.4% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €638,076 | €644,858 | €611,097 | €750,998 | ▲ 22.9% |
| Equity10/15 | €185,270 | €186,265 | €226,558 | €273,154 | ▲ 20.6% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | -€14,730 | -€13,735 | €26,558 | €73,154 | ▲ 175% |
| Amounts payable17/49 | €452,806 | €458,593 | €384,540 | €477,844 | ▲ 24.3% |
| Amounts payable after more than one year17 | €405,000 | €375,000 | €345,000 | €320,387 | ▼ 7.1% |
| Financial debts170/4 | €405,000 | €375,000 | €345,000 | €320,387 | ▼ 7.1% |
| Amounts payable within one year42/48 | €47,806 | €83,593 | €39,540 | €157,457 | ▲ 298% |
| Financial debts43 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Credit institutions430/8 | €30,000 | €30,000 | €30,000 | €30,000 | = |
| Trade debts44 | €17,806 | €43,300 | €954 | €127,457 | ▲ 134× |
| Suppliers440/4 | €17,806 | €43,300 | €954 | €127,457 | ▲ 134× |
| Taxes, remuneration and social security45 | - | €10,293 | €8,586 | - | - |
| Taxes450/3 | - | €10,293 | €8,586 | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€14,730 | €995 | €40,293 | €46,596 | ▲ 15.6% |
| + Depreciation and write-downs630 | €1,992 | €19,401 | €21,005 | €19,485 | ▼ 7.2% |
| Operating cash flow (approximation) | -€12,738 | €20,396 | €61,298 | €66,081 | ▲ 7.8% |
| Investment in fixed assets (approximation) | - | -€50,661 | -€687 | -€687 | = |
| Change in cash | - | €14,603 | -€8,528 | -€9,447 | ▼ 10.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 3,127 companies had the same profile as Cornerstone has now. Two years later, 97.2% were still going and 0.8% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of Cornerstone itself: 0.4% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,127 companies, not a prediction for Cornerstone. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Board & ownership
Directors
Board 1
Permanent representatives 1
Owners and capital
Shareholders
1 ownerOwners 1
- Equity €9.9m Profit of €12,469 in 2025 (loss of €49,953 in 2024) Checked score 8725%
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Loze visser |
|
| Dries De Jonckheere |
|
Network & group
Board mandates elsewhere
2 board mandatesCompanies at the same address
1 other companyConnections & network
1 current directorThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
28-12
Gazette deed
Registered office moved to NieuwpoortPermanent representative: Koen De Jonckheere4 points ▸
- General meeting, 10-11-2023
- Registered-office move, 8620 Nieuwpoort, Franslaan 13C/501
- Permanent representative, Koen De Jonckheere
- Director in office, ANKO BVBA (director)
05-09
Gazette deed
Resignation: Dries De Jonckheere (director)Appointment: Loze Visser BV (director) · Permanent representative: Dries De Jonckheere4 points ▸
- General meeting, 31-03-2022
- Director resignation, Dries De Jonckheere (director)
- Director appointment, Loze Visser BV (director)
- Permanent representative, Dries De Jonckheere
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 38402D0063/00_000 | Flanders | 588 m² | 1 · 651 m² | 19.4 m · 5 |
| 38402D0062/00_000 | Flanders | 571 m² | 1 · 283 m² | 20.9 m · 5 |