Equity
€34,754 from €177,238 in 2021
Equity fell by 80% in 4 years.
Cornerteam
Lifetime
7 annual accounts with figures on one time axispeak €261,622 (2023)
€185,431▼ 23.1%
lowest -€34,736 (2019)
€91,668▼ 31.4%
peak €177,238 (2021)
€34,754▼ 8.7%
€450,903▼ 19.3%
peak 0.1 FTE (2019)
-not published
Board7 names since 2019
7 directors and 6 others
Documentsfilings and deeds
25-06-202636 days before the deadline
2025micro format
Gross margin from €241,196 to €185,431Result from €133,604 to €91,668Dividend €95,000Debts from €558,494 to €450,903Cash from €171,404 to €110,558
Key points
from the 2025 annual accountsTurnover
≈ €540,000 estimated
The micro format states no turnover.
Debts
€450,903 93% of the balance sheet
Financial debts 54%Suppliers 5%Taxes and wages 13%Other 29%
Of this, €207,167 falls due within a year.
Filings
7 annual accounts 5 late
The 2019 accounts came latest: 64 days after the end of the period.
Starting capital
€18,600 100 shares
Position in the sector
€91,668
Higher net result than 95% of companies in food and beverage service. Sector median €4,675 · 18,476 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 875 companies had the same profile as Cornerteam has now. Each dot stands for 3 companies, two years later.
96.6%
were still trading
1.9%
stopped another way
1.4%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 875 companies, not a prediction for Cornerteam. 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.
Credit verdict
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Signals
Board and ownership
Manager
Manager
Manager
Director
Director
Director
- founderdeed of 18-03-2019
- founderdeed of 18-03-2019
- founderdeed of 18-03-2019
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0722742545
4 directors resigning, 4 reappointments
Issue of 100 shares · Resignations: , , and · Reappointments: , , and · General meeting of 11-04-2023 · Gazette deed
Incorporation
Founding capital of €18,600, 100 shares · Founders: , , and 1 other · Appointments: , , and · published on 18-03-2019 · Gazette deed
First establishment
Kramersplein 1, Ghent
Comparable companies
same main activity, similar in size and ageThese companies have the same main activity as Cornerteam: full-service restaurants (NACE 56111). They are comparable in size and age: total assets between €435,000 and €538,000, founded between 2018 and 2019.
Official details
Source: KBO- Status
- Active since 14-03-2019Normal situation
- Activity
- Full-service restaurantsNACE 56111
- Establishment unit
- 2.287.402.1349000 Ghent, since 14-03-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Annual accounts 2025
- €485,657▼ 18.6%
- Filing
- Filed on 25-06-2026, 36 days before the end of the filing period
Insights on Cornerteam
Cornerteam files the micro format. That format states no turnover. The gross margin rose from €8,591 in 2019 to €185,431 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Cornerteam
- What is the company number of Cornerteam?
- The company number of Cornerteam is 0722.742.545. The VAT number is the same number with BE in front: BE 0722.742.545.
- Where is Cornerteam based?
- The registered office is at Kramersplein 1, 9000 Ghent.Company details
- What does Cornerteam do?
- According to the KBO register, the main activity is full-service restaurants (NACE 56111).
- What is the legal form of Cornerteam?
- Cornerteam is a private limited company (BV).
- When was Cornerteam founded?
- Cornerteam was founded on 14-03-2019.
- Is Cornerteam still active?
- Yes, Cornerteam is an active enterprise in the KBO register.
- How many employees does Cornerteam have?
- Cornerteam had an average of 0.1 full-time equivalents in financial year 2019, according to the filed annual accounts.Financials
- What is the turnover of Cornerteam?
- The turnover in financial year 2025 is ≈ €540,000. This figure is estimated from the gross margin of €185,431 and 87 comparable companies (NACE 56111). It probably lies between €450,000 and €650,000.
- Is Cornerteam profitable?
- In financial year 2025, Cornerteam made a profit of €91,668.
- Where can I find the annual accounts of Cornerteam?
- Cornerteam filed 7 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Cornerteam due?
- Cornerteam must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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