Cornerstone Projects
ActiveCornerstone Projects has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €190k and a net result of €12k. Equity is growing by ~77.4% per year across the filed fiscal years. Its solvency ranks better than 31% of 9520 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
61
/ 100
Healthy▼ -18 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability31▼-69
Solvency43▼-23
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 1.44 in 2023), and 72.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Sector 82
lower
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
34 d early
2022
34 d early
2021
32 d early
2020
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€190k▲ 6.0%
2023 · €179k
2020: €23k
2021: €38k
2022: €77k
2023: €179k
2020 → 2024
Total assets
€699k▲ 41.5%
2023 · €494k
2020: €228k
2021: €429k
2022: €641k
2023: €494k
2020 → 2024
Net result
€12k▼ 88.6%
2023 · €103k
2020: €14k
2021: €16k
2022: €40k
2023: €103k
2020 → 2024
Working capital
€26k▼ 80.5%
2023 · €135k
2020: €-26k
2021: €-2k
2022: €46k
2023: €135k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€23k-€38k▲ 67.2%€77k▲ 103%€179k▲ 132%€190k▲ 6.0%
Operating result€14k-€22k▲ 61.9%€51k▲ 128%€132k▲ 157%€16k▼ 87.7%
Net result€14k-€16k▲ 18.8%€40k▲ 148%€103k▲ 158%€12k▼ 88.6%
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 2024; 2024 is 88% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €699k
Fixed assets
€163k▲ 215%
Current assets
€535k▲ 21.1%
Equity and liabilities €699k
Equity
€190k▲ 6.0%
Debt
€509k▲ 61.7%
The debt ratio rises from 63.8% to 72.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€37k▼
2023 · €148k
Cash flow
€33k▼
2023 · €119k
Solvency
27.1%▼
2023 · 36.2%
Current ratio
1.05▼
2023 · 1.44
Quick ratio
0.13▼
2023 · 0.43
Debt / equity
2.68▲
2023 · 1.76
ROE
6.1%▼
2023 · 57.4%
ROA
1.7%▼
2023 · 20.8%
Interest coverage
45.98▼
2023 · 186.51
Debt
€509k▲
2023 · €315k
Debt ≤ 1 year
€509k▲
2023 · €307k
Income taxes
€5k▼
2023 · €29k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€494k€699k▲
Fixed assets21/28€52k€163k▲
Tangible fixed assets22/27€52k€38k▼
Plant, machinery and equipment23€26k€25k▼
Furniture and vehicles24€25k€12k▼
Other tangible fixed assets26€2k€2k▼
Financial fixed assets28-€125k
Current assets29/58€442k€535k▲
Stocks and contracts in progress3€309k€468k▲
Stocks30/36€309k€468k▲
Amounts receivable within one year40/41€52k€54k▲
Trade receivables40€43k€30k▼
Other amounts receivable41€8k€24k▲
Current investments50/53€73k€1k▼
Cash at bank and in hand54/58€3k€9k▲
Deferred charges and accrued income490/1€5k€4k▼
Equity and liabilities
Total equity and liabilities10/49€494k€699k▲
Equity10/15€179k€190k▲
Contributions10/11€10k€10k=
Reserves13€169k€180k▲
Distributable reserves133€169k€180k▲
Amounts payable17/49€315k€509k▲
Amounts payable after more than one year17€7k-
Financial debts170/4€7k-
Amounts payable within one year42/48€307k€509k▲
Current portion of amounts payable after more than one year42€7k€7k▼
Financial debts43€5k€12k▲
Other loans439€5k€12k▲
Trade debts44€35k€7k▼
Suppliers440/4€35k€7k▼
Taxes, remuneration and social security45€500€8k▲
Taxes450/3€500€8k▲
Other amounts payable47/48€260k€476k▲
Accrued charges and deferred income492/3€900-
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17k€21k▲
Other operating charges640/8€4k€1k▼
Gross operating margin9900€152k€38k▼
Operating profit (loss)9901€132k€16k▼
Financial income75/76B€284€858▲
Recurring financial income75€284€858▲
Financial charges65/66B€796€812▲
Recurring financial charges65€796€812▲
Profit (loss) for the period before taxes9903€131k€16k▼
Income taxes67/77€29k€5k▼
Profit (loss) for the period9904€103k€12k▼
Profit (loss) for the period to be appropriated9905€103k€12k▼
Appropriation of the result
Profit (loss) to be appropriated9906€103k€12k▼
Transfer to equity691/2€102k€11k▼
To other reserves6921€102k€11k▼
Profit to be distributed694/7€850€900▲
Return on contributions (dividend)694€850€900▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €12k ▼88.6%
Net result drops to €12k, the lowest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2020net €103k ▲158%
Operating result €132k, net result €103k, both a record.
31-12
Financial
Equity above €150kEq €179k ▲132%
4 profitable years in a row build equity to €179k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director, no change since 2025
AERS Alain
CurrentDirector · since 27-01-2025
27-01-2025
Appointed as Director
Location & real-estate footprint
Registered office, Edegem · 1 establishment unit since 2019
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.
Parklaan 662650 EdegemGround area
562 m²
Building footprint
101 m²
Volume, LiDAR
745 m³
Parcel 11013A0035/00P008, Flanders · tallest building 9.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Cornerstone Projects
since 20192.296.501.130
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11013A0035/00P008 | Flanders | 562 m² | 1 · 101 m² | 9.7 m · 3 fl. |
Linked by address, not proof of ownership
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.
Similar companies · same sector, comparable size
POSIWISE
BE 0550.561.409
Brussel · Eq €190k
STUDENT AID
BE 0822.443.303
Gent · Eq €190k
ToKriKat
BE 0730.624.091
Lier · Eq €190k
Kristof Krol
BE 0820.074.127
Hasselt · Eq €190k
Vlasbloem Consult
BE 0742.842.232
Sint-Niklaas · Eq €190k
Of 24,424 companies in sector 82990 we hold annual accounts for 9,361. 6,924 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-12-2019
Fiscal year end31-12
Activities, NACEBEL
82990Other business support services
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.