CORNERSTONES DEVELOPMENT
Open bankruptcyA bankruptcy procedure is open for CORNERSTONES DEVELOPMENT according to publications in the Belgian State Gazette; curator: CATHARINA ORLENT.
Summary
The file additionally contains 3 judicial reorganisation notices. The 2024 annual accounts show negative equity (-€1.1m) and a net result of €6,652.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Antwerp, Antwerp division
- Declared bankrupt
- 19 February 2026
- Supervising judge
- Daniel Servaty
- Official Gazette
- 25-02-2026 (pdf) ↗search the document for 2026/107942
Deadlines
- Provisional date payments stopped
- 19 February 2026A later judgment can change the date.art. XX.105 CEL
- Appeal or third-party opposition until
- passed on 12 March 2026Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 21 March 2026art. XX.104 and XX.155 CEL
- First verification report
- passed on 17 April 2026Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- 19 February 2027Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Catharina OrlentPr. Jos. Charlottelaan 71, 9100 Sint-Niklaascatharina.orlent@mc2-advocaten.be
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
Embed in an article
Writing about this bankruptcy? Put the card of CORNERSTONES DEVELOPMENT in your article: name, enterprise number, its status in the KBO and the latest annual accounts, with a link to this dossier.
Preview
The preview appears here.
- Stays current: the status follows the register, the figures are those of the latest filed accounts. No Checked score or verdict.
- Light on your page: one small script and one data request, also answered from a cache; no cookies, no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2098 sector peers (2024).
NBB · sector comparisonPosition among 2098 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-09-2025, 49 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
49 d late
2023
68 d late
2022
52 d late
2021
4 d late
2020
86 d late
2019
101 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 60 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Addresses Are there other customers at risk in your own list?List enrichment How is the General construction of residential buildings sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
-€1.1m▲ 0.6%
2023 · -€1.1m
Total assets
€662,738▼ 61.5%
2023 · €1.7m
Net result
€6,652
2023 · -€377,864
Working capital
-€1.6m▼ 25.8%
2023 · -€1.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€1.1m▲ 80.8%-€108,957▲ 90.2%-€562,888▼ 417%-€125,853▲ 77.6%-€72,032▲ 42.8%
Net result€2.8mabove the sector's middle half-€163,732below the sector's middle half-€565,371below the sector's middle half▼ 245%-€377,864below the sector's middle half▲ 33.2%€6,652within the sector's middle half
Equity€38,329below the sector's middle half-€125,402below the sector's middle half-€690,773below the sector's middle half▼ 451%-€1.1mbelow the sector's middle half▼ 54.7%-€1.1mbelow the sector's middle half▲ 0.6%
Total assets€5.7mabove the sector's middle half▲ 11.8%€6.3mabove the sector's middle half▲ 9.7%€2.4mabove the sector's middle half▼ 61.6%€1.7mwithin the sector's middle half▼ 28.4%€662,738within the sector's middle half▼ 61.5%
Debt€5.7m▼ 27.8%€6.4m▲ 12.7%€3.1m▼ 51.5%€2.8m▼ 9.9%€1.7m▼ 38.2%
Working capital-€563,466below the sector's middle half▲ 73.0%€4.9mabove the sector's middle half€366,116within the sector's middle half▼ 92.5%-€1.3mbelow the sector's middle half-€1.6mbelow the sector's middle half▼ 25.8%
Solvency0.7%below the sector's middle half▲ 54.4pp-2.0%below the sector's middle half▼ 2.7pp-28.7%below the sector's middle half▼ 26.7pp-62.0%below the sector's middle half▼ 33.3pp-160.2%below the sector's middle half▼ 98.2pp
Current ratio0.89below the sector's middle half▲ 0.2127.71above the sector's middle half▲ 26.821.44within the sector's middle half▼ 26.270.28below the sector's middle half▼ 1.160.07below the sector's middle half▼ 0.21
Return on assets (ROA)48.7%above the sector's middle half▲ 140.4pp-2.6%below the sector's middle half▼ 51.4pp-23.5%below the sector's middle half▼ 20.9pp-21.9%below the sector's middle half▲ 1.6pp1.0%within the sector's middle half▲ 22.9pp
Staff (FTE)2.1below the sector's middle half▼ 60.4%1.8below the sector's middle half▼ 14.3%1.3below the sector's middle half▼ 27.8%0.8below the sector's middle half▼ 38.5%0.8below the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €72,032 in 2024 against €125,853 in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €662,738
Fixed assets
€544,969 ▼ 55.7%
Current assets
€117,769 ▼ 76.1%
Key figures and ratios
EBITDA
-€65,747▲
2023 · -€119,001
Cash flow
€12,937▲
2023 · -€371,011
Debt to equity
-1.62▲
2023 · -2.61
Interest coverage
-9.92▼
2023 · -0.35
Debt ≤ 1 year
€1.7m▼
2023 · €1.8m
Debt > 1 year
€14,638▼
2023 · €1.0m
Income taxes
€140▼
2023 · €981
Staff costs
€63,242▼
2023 · €64,809
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €140,938 | €102,534 | €64,809 | €63,242 | ▼ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,112 | €15,532 | €13,539 | €6,853 | €6,285 | ▼ 8.3% |
| Other operating charges640/8 | - | - | €2,973 | €3,166 | €6,900 | ▲ 118% |
| Non-recurring operating charges66A | - | €62,500 | - | €3,404 | - | - |
| Gross operating margin9900 | -€947,682 | €110,013 | -€443,842 | -€47,622 | €4,395 | ▲ 109% |
| Operating profit (loss)9901 | -€1.1m | -€108,957 | -€562,888 | -€125,853 | -€72,032 | ▲ 42.8% |
| Financial income75/76B | - | €48,620 | €3,675 | €85,643 | €86,449 | ▲ 0.9% |
| Recurring financial income75 | €624,025 | €48,620 | €3,675 | €85,643 | €86,449 | ▲ 0.9% |
| Financial charges65/66B | - | €102,809 | €6,157 | €336,672 | €7,625 | ▼ 97.7% |
| Recurring financial charges65 | €2.6m | €102,809 | €6,157 | €336,672 | €6,625 | ▼ 98.0% |
| Non-recurring financial charges66B | - | - | - | - | €1,000 | - |
| Profit (loss) for the period before taxes9903 | €2.8m | -€163,146 | -€565,371 | -€376,883 | €6,792 | ▲ 102% |
| Income taxes67/77 | - | €586 | - | €981 | €140 | ▼ 85.7% |
| Profit (loss) for the period9904 | €2.8m | -€163,732 | -€565,371 | -€377,864 | €6,652 | ▲ 102% |
| Profit (loss) for the period to be appropriated9905 | -€3.1m | -€163,732 | -€565,371 | -€377,864 | €6,652 | ▲ 102% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.7m | €6.3m | €2.4m | €1.7m | €662,738 | ▼ 61.5% |
| Fixed assets21/28 | €1.3m | €1.2m | €1.2m | €1.2m | €544,969 | ▼ 55.7% |
| Tangible fixed assets22/27 | €63,905 | €48,373 | €34,834 | €61,563 | €51,301 | ▼ 16.7% |
| Plant, machinery and equipment23 | - | €1 | - | - | - | - |
| Furniture and vehicles24 | - | €48,372 | €34,834 | €3,977 | - | - |
| Other tangible fixed assets26 | - | - | - | €57,586 | €51,301 | ▼ 10.9% |
| Financial fixed assets28 | €1.2m | €1.2m | €1.2m | €1.2m | €493,668 | ▼ 57.8% |
| Current assets29/58 | €4.4m | €5.0m | €1.2m | €491,880 | €117,769 | ▼ 76.1% |
| Stocks and contracts in progress3 | €928,835 | €430,266 | €213,606 | - | - | - |
| Stocks30/36 | - | €430,266 | €213,606 | - | - | - |
| Amounts receivable within one year40/41 | €1.8m | €3.2m | €515,423 | €453,772 | €117,762 | ▼ 74.0% |
| Trade receivables40 | - | €79,043 | €341,912 | €413,970 | €110,095 | ▼ 73.4% |
| Other amounts receivable41 | - | €3.1m | €173,510 | €39,802 | €7,667 | ▼ 80.7% |
| Cash at bank and in hand54/58 | €1.7m | €1.2m | €462,856 | €34,663 | €6 | ▼ 100.0% |
| Deferred charges and accrued income490/1 | - | €200,000 | €6,771 | €3,445 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.7m | €6.3m | €2.4m | €1.7m | €662,738 | ▼ 61.5% |
| Equity10/15 | €38,329 | -€125,402 | -€690,773 | -€1.1m | -€1.1m | ▲ 0.6% |
| Contributions10/11 | €1.9m | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Reserves13 | €5.9m | €5.9m | €5.9m | €5.8m | €5.8m | = |
| Tax-exempt reserves132 | - | €5.8m | €5.8m | €5.8m | €5.8m | = |
| Distributable reserves133 | - | €47,721 | €47,721 | - | - | - |
| Profit (loss) carried forward14 | -€7.7m | -€7.9m | -€8.5m | -€8.8m | -€8.8m | ▲ 0.1% |
| Amounts payable17/49 | €5.7m | €6.4m | €3.1m | €2.8m | €1.7m | ▼ 38.2% |
| Amounts payable after more than one year17 | €689,638 | €6.2m | €2.3m | €1.0m | €14,638 | ▼ 98.6% |
| Financial debts170/4 | - | €14,638 | €14,638 | €14,638 | €14,638 | = |
| Other amounts payable178/9 | - | €6.2m | €2.3m | €1.0m | - | - |
| Amounts payable within one year42/48 | €5.0m | €181,999 | €832,539 | €1.8m | €1.7m | ▼ 2.7% |
| Trade debts44 | €4.4m | €164,611 | €826,364 | €1.1m | €1.4m | ▲ 19.2% |
| Suppliers440/4 | - | €164,611 | €826,364 | €1.1m | €1.4m | ▲ 19.2% |
| Taxes, remuneration and social security45 | - | €17,388 | €6,175 | €8,033 | €503 | ▼ 93.7% |
| Taxes450/3 | - | €400 | - | - | - | - |
| Remuneration and social security454/9 | - | €16,988 | €6,175 | €8,033 | €503 | ▼ 93.7% |
| Other amounts payable47/48 | - | - | - | €599,354 | €338,822 | ▼ 43.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.8m | -€163,732 | -€565,371 | -€377,864 | €6,652 | ▲ 102% |
| + Depreciation and write-downs630 | €17,112 | €15,532 | €13,539 | €6,853 | €6,285 | ▼ 8.3% |
| Operating cash flow (approximation) | €2.8m | -€148,200 | -€551,831 | -€371,011 | €12,937 | ▲ 103% |
| Investment in fixed assets (approximation) | - | €62,500 | €1,180 | -€30,335 | €679,977 | ▲ 2,342% |
| Change in cash | - | -€509,046 | -€726,536 | -€428,193 | -€34,657 | ▲ 91.9% |
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
2026
25-02
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · event 19-02-2026
2025
18-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 49 days late
2024
31-12
Financial
Back to profitnet €6,652
Net result €6,652 after 3 loss-making years.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 68 days late
2023
21-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 52 days late
2022
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 4 days late
2021
31-12
Financial
Liquidity times 31current ratio 27.71
Current ratio from 0.89 to 27.71; short-term debt falls from €5.0m to €181,999.
25-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 86 days late
2020
31-12
Financial
Back to profitnet €2.8m
Net result €2.8m after one loss-making year.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 101 days late
20-05
Judicial reorganisation
Plan homologation
Ondernemingsrechtbank Antwerpen · event 15-05-2020
06-04
Judicial reorganisation
Filing of a new plan authorised
Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · collective agreement · event 27-03-2020
Show earlier events
2019
31-12
Financial
Weakest financial yearnet -€4.7m
Net result drops to -€4.7m, the lowest in the series.
30-12
Judicial reorganisation
Opening
Ondernemingsrechtbank Antwerpen · collective agreement · event 20-12-2019
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
14 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, Kontich · 1 establishment unit since 2007
Ground area
1.3 ha
Building footprint
3,127 m²
Volume, LiDAR
34,108 m³
Parcel 11024B0082/00K000, Flanders · tallest building 14.5 m, ±4 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
Cornerstones Development
since 20072.164.010.810
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0082/00K000 | Flanders | 1.3 ha | 1 · 3,127 m² | 14.5 m · 4 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CATHARINA ORLENT PR. JOS. CHARLOTTELAAN 71,
9100 SINT-NIKLAAS |
19-02-2026 → present |
Structure & network
Owners and holdings
1 owner · 2 holdingsChain of control
- Cornerstones
- CORNERSTONES DEVELOPMENT
Highest known parent: Cornerstones. The sources do not say who stands above it.
Owners 1
- Cornerstonesparent70.77%
Holdings 2
- Cornerstones Development BVNLsubsidiarySourceown accounts 2024100%
-
50%
According to the 2024 annual accounts of CORNERSTONES DEVELOPMENT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Care and welfare
1 service · 0 liveHeiderode
Similar companies · same sector, comparable size
RENOROC
BE 0822.929.390
Liège · Eq €38,314
BOUTITInet
BE 0805.749.207
Liège · Eq €38,352
OPLA SOLUTIONS
BE 0568.457.513
Beersel · Eq €38,294
PTS RENOVATIES
BE 0737.505.549
Kapelle-op-den-Bos · Eq €38,367
Danny Van Laere
BE 0534.741.204
Lokeren · Eq €38,290
Of 29,785 companies in sector 41001 we hold annual accounts for 16,058. 12,819 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
Founded28-06-2007
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890422485
Also
9925:BE0890422485
Registered
24-11-2023
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.