Summary
CORNET is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €138,358 and a net result of €34,463. Equity is growing by ~34.3% per year across the filed fiscal years. Its solvency ranks better than 48% of 5565 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 22-09-2025, 39 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
39 d early
2024
31 d early
2023
29 d early
2022
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€138,358▲ 33.2%
2024 · €103,895
Net result
€34,463▲ 36.9%
2024 · €25,174
Total assets
€281,413▼ 7.6%
2024 · €304,492
Solvency
49.2%▲ 15.0pp
2024 · 34.1%
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€48,743-€47,834▼ 1.9%€38,343▼ 19.8%€51,932▲ 35.4%
Net result€37,460-€36,261▼ 3.2%€25,174▼ 30.6%€34,463▲ 36.9%
Equity€42,460-€78,721▲ 85.4%€103,895▲ 32.0%€138,358▲ 33.2%
Total assets€65,557-€100,072▲ 52.6%€304,492▲ 204%€281,413▼ 7.6%
Debt€23,096-€21,351▼ 7.6%€200,597▲ 840%€143,055▼ 28.7%
Working capital€39,055-€67,884▲ 73.8%€31,120▼ 54.2%-€14,048
Solvency64.8%-78.7%▲ 13.9pp34.1%▼ 44.5pp49.2%▲ 15.0pp
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Total assets +204% on 2023. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 35% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €281,413
Fixed assets
€225,099 ▲ 0.3%
Current assets
€56,314 ▼ 29.6%
Equity and liabilities €281,413
Equity
€138,358 ▲ 33.2%
Debt
€143,055 ▼ 28.7%
Debt's share of the balance-sheet total falls from 65.9% to 50.8%. Equity is higher and debt is lower.
Key figures and ratios
ROE
24.9%▲
2024 · 24.2%
ROA
12.2%▲
2024 · 8.3%
Debt ≤ 1 year
€70,362▲
2024 · €48,917
Debt > 1 year
€70,000▼
2024 · €150,000
Income taxes
€14,523▲
2024 · €11,411
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €195 | €1,702 | €4,723 | €4,392 | ▼ 7.0% |
| Other operating charges640/8 | €1,035 | €913 | €919 | €720 | ▼ 21.7% |
| Gross operating margin9900 | €49,973 | €50,449 | €43,985 | €57,044 | ▲ 29.7% |
| Operating profit (loss)9901 | €48,743 | €47,834 | €38,343 | €51,932 | ▲ 35.4% |
| Financial charges65/66B | €425 | €372 | €1,758 | €2,946 | ▲ 67.5% |
| Recurring financial charges65 | €425 | €372 | €1,758 | €2,946 | ▲ 67.5% |
| Profit (loss) for the period before taxes9903 | €48,318 | €47,462 | €36,585 | €48,986 | ▲ 33.9% |
| Income taxes67/77 | €10,858 | €11,202 | €11,411 | €14,523 | ▲ 27.3% |
| Profit (loss) for the period9904 | €37,460 | €36,261 | €25,174 | €34,463 | ▲ 36.9% |
| Profit (loss) for the period to be appropriated9905 | €37,460 | €36,261 | €25,174 | €34,463 | ▲ 36.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €65,557 | €100,072 | €304,492 | €281,413 | ▼ 7.6% |
| Fixed assets21/28 | €3,405 | €10,837 | €224,455 | €225,099 | ▲ 0.3% |
| Tangible fixed assets22/27 | €3,155 | €10,587 | €8,664 | €19,308 | ▲ 123% |
| Land and buildings22 | - | - | - | €15,036 | - |
| Furniture and vehicles24 | €3,155 | €10,587 | €8,664 | €4,272 | ▼ 50.7% |
| Financial fixed assets28 | €250 | €250 | €215,791 | €205,791 | ▼ 4.6% |
| Current assets29/58 | €62,151 | €89,235 | €80,037 | €56,314 | ▼ 29.6% |
| Amounts receivable within one year40/41 | €8 | €10,908 | €11,093 | €12,120 | ▲ 9.3% |
| Trade receivables40 | - | €10,890 | €10,890 | €12,100 | ▲ 11.1% |
| Other amounts receivable41 | €8 | €18 | €203 | €20 | ▼ 90.0% |
| Cash at bank and in hand54/58 | €61,402 | €76,455 | €67,307 | €42,413 | ▼ 37.0% |
| Deferred charges and accrued income490/1 | €741 | €1,872 | €1,638 | €1,781 | ▲ 8.8% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €65,557 | €100,072 | €304,492 | €281,413 | ▼ 7.6% |
| Equity10/15 | €42,460 | €78,721 | €103,895 | €138,358 | ▲ 33.2% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Reserves13 | €37,460 | €73,721 | €98,895 | €133,358 | ▲ 34.8% |
| Distributable reserves133 | €37,460 | €73,721 | €98,895 | €133,358 | ▲ 34.8% |
| Amounts payable17/49 | €23,096 | €21,351 | €200,597 | €143,055 | ▼ 28.7% |
| Amounts payable after more than one year17 | - | - | €150,000 | €70,000 | ▼ 53.3% |
| Financial debts170/4 | - | - | €150,000 | €70,000 | ▼ 53.3% |
| Amounts payable within one year42/48 | €23,096 | €21,351 | €48,917 | €70,362 | ▲ 43.8% |
| Trade debts44 | €92 | €665 | €2,052 | €44 | ▼ 97.9% |
| Suppliers440/4 | €92 | €665 | €2,052 | €44 | ▼ 97.9% |
| Taxes, remuneration and social security45 | €21,735 | €19,423 | €20,271 | €5,261 | ▼ 74.0% |
| Taxes450/3 | €21,735 | €19,423 | €20,271 | €5,261 | ▼ 74.0% |
| Other amounts payable47/48 | €1,269 | €1,263 | €26,595 | €65,057 | ▲ 145% |
| Accrued charges and deferred income492/3 | - | - | €1,680 | €2,693 | ▲ 60.3% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,460 | €36,261 | €25,174 | €34,463 | ▲ 36.9% |
| + Depreciation and write-downs630 | €195 | €1,702 | €4,723 | €4,392 | ▼ 7.0% |
| Operating cash flow (approximation) | €37,655 | €37,963 | €29,897 | €38,856 | ▲ 30.0% |
| Investment in fixed assets (approximation) | - | -€9,133 | -€218,341 | -€5,036 | ▲ 97.7% |
| Change in cash | - | €15,053 | -€9,148 | -€24,894 | ▼ 172% |
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
Next filing, fiscal year 2026, expected by
2025
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Weakest financial yearnet €25,174 ▼30.6%
Net result drops to €25,174, the lowest in the series; recovery starts the following year.
31-03
Financial
Equity above €100,000Eq €103,895 ▲32%
3 profitable years in a row build equity to €103,895.
2023
02-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Bornem · 1 establishment unit since 2021
Ground area
272 m²
Building footprint
122 m²
Volume, LiDAR
749 m³
Parcel 12015C0206/00B000, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CORNET
since 20212.319.441.729
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12015C0206/00B000 | Flanders | 272 m² | 1 · 122 m² | 8.6 m · 2 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-03-2025 list no shareholders, and no other source names one.
Holdings 1
-
24.24%
According to the annual accounts to 31-03-2025 of CORNET 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.
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 13,073 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
Founded27-05-2021
Fiscal year end31-03
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0768823087
Also
9925:BE0768823087
Registered
24-11-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.