Cornette 2.0
ActiveSummary
The computed 12-month bankruptcy probability of Cornette 2.0 is 2.0% (moderate). The 2024 annual accounts show equity of €209k and a net result of €-23k. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 47% of 15865 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability35▼-30
Solvency60▼-5
Growth52=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity tight (current ratio 1.12 against 1.27 in 2023; short-term debt: 52.1% and cash: 30.1% of total assets), and 64.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
35.2%
Return on assets
-3.9%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
30 d late
2022
31 d late
2021
61 d late
2020
102 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€209k▼ 10.0%
2023 · €232k
Total assets
€593k▲ 1.8%
2023 · €582k
Net result
€-23k
2023 · €4k
Working capital
€37k▼ 39.0%
2023 · €61k
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
Line20202021202220232024
Operating result€61k-€129k▲ 110%€13k▼ 90.2%€19k▲ 49.8%€-9k
Net result€39k-€91k▲ 136%€-1k€4k€-23k
Equity€139k-€230k▲ 65.7%€228k▼ 0.6%€232k▲ 1.7%€209k▼ 10.0%
Total assets€649k-€689k▲ 6.2%€645k▼ 6.4%€582k▼ 9.8%€593k▲ 1.8%
Debt€510k-€460k▼ 9.9%€417k▼ 9.3%€350k▼ 16.0%€384k▲ 9.7%
Working capital€-12k-€66k€61k▼ 6.7%€61k▼ 0.1%€37k▼ 39.0%
Staff (FTE)4.5-6.3▲ 40.0%5.1▼ 19.0%5.5▲ 7.8%7.1▲ 29.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €9k after €19k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €593k
Fixed assets
€247k ▼ 15.7%
Current assets
€346k ▲ 19.6%
Equity and liabilities €593k
Equity
€209k ▼ 10.0%
Debt
€384k ▲ 9.7%
Debt's share of the balance-sheet total rises from 60.1% to 64.8%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€37k▼
2023 · €65k
Cash flow
€23k▼
2023 · €50k
Current ratio
1.12▼
2023 · 1.27
Quick ratio
1.07▼
2023 · 1.12
Debt to equity
1.84▲
2023 · 1.51
ROE
-11.1%▼
2023 · 1.7%
ROA
-3.9%▼
2023 · 0.7%
Interest coverage
2.58▼
2023 · 5.48
Debt ≤ 1 year
€309k▲
2023 · €228k
Debt > 1 year
€75k▼
2023 · €122k
Income taxes
€3k▼
2023 · €5k
Staff costs
€343k▲
2023 · €280k
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 | - | €175k | €211k | €280k | €343k | ▲ 22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €45k | €45k | €46k | €46k | ▼ 0.2% |
| Other operating charges640/8 | - | €20k | €3k | €26k | €13k | ▼ 51.9% |
| Gross operating margin9900 | €189k | €369k | €272k | €371k | €393k | ▲ 6.0% |
| Operating profit (loss)9901 | €61k | €129k | €13k | €19k | €-9k | ▼ 146% |
| Financial income75/76B | - | €663 | €2k | €2k | €3k | ▲ 49.8% |
| Recurring financial income75 | €9 | €663 | €2k | €2k | €3k | ▲ 49.8% |
| Financial charges65/66B | - | €12k | €13k | €12k | €14k | ▲ 22.1% |
| Recurring financial charges65 | €11k | €12k | €13k | €12k | €14k | ▲ 22.1% |
| Profit (loss) for the period before taxes9903 | €51k | €117k | €800 | €9k | €-20k | ▼ 323% |
| Income taxes67/77 | €12k | €26k | €2k | €5k | €3k | ▼ 40.8% |
| Profit (loss) for the period9904 | €39k | €91k | €-1k | €4k | €-23k | ▼ 699% |
| Profit (loss) for the period to be appropriated9905 | €39k | €91k | €-1k | €4k | €-23k | ▼ 699% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €649k | €689k | €645k | €582k | €593k | ▲ 1.8% |
| Fixed assets21/28 | €408k | €377k | €335k | €293k | €247k | ▼ 15.7% |
| Intangible fixed assets21 | €399k | €357k | €315k | €273k | €231k | ▼ 15.4% |
| Tangible fixed assets22/27 | €9k | €20k | €19k | €19k | €15k | ▼ 20.6% |
| Plant, machinery and equipment23 | - | €3k | €4k | €3k | €2k | ▼ 41.6% |
| Furniture and vehicles24 | - | €825 | €366 | €3k | €2k | ▼ 29.1% |
| Other tangible fixed assets26 | - | €15k | €15k | €13k | €11k | ▼ 14.1% |
| Current assets29/58 | €240k | €312k | €310k | €289k | €346k | ▲ 19.6% |
| Amounts receivable after more than one year29 | - | - | - | €26k | €26k | = |
| Trade receivables290 | - | - | - | €26k | €26k | = |
| Stocks and contracts in progress3 | €13k | €25k | €25k | €35k | €14k | ▼ 58.6% |
| Stocks30/36 | - | €25k | €25k | €35k | €14k | ▼ 58.6% |
| Amounts receivable within one year40/41 | €36k | €60k | €89k | €77k | €127k | ▲ 63.9% |
| Trade receivables40 | - | €59k | €61k | €61k | €95k | ▲ 55.9% |
| Other amounts receivable41 | - | €1k | €28k | €16k | €32k | ▲ 94.2% |
| Cash at bank and in hand54/58 | €192k | €222k | €163k | €149k | €179k | ▲ 20.2% |
| Deferred charges and accrued income490/1 | - | €5k | €33k | €3k | €135 | ▼ 94.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €649k | €689k | €645k | €582k | €593k | ▲ 1.8% |
| Equity10/15 | €139k | €230k | €228k | €232k | €209k | ▼ 10.0% |
| Contributions10/11 | - | €100k | €100k | €100k | €100k | = |
| Profit (loss) carried forward14 | €39k | €130k | €128k | €132k | €109k | ▼ 17.6% |
| Amounts payable17/49 | €510k | €460k | €417k | €350k | €384k | ▲ 9.7% |
| Amounts payable after more than one year17 | €258k | €213k | €168k | €122k | €75k | ▼ 38.3% |
| Financial debts170/4 | - | €213k | €168k | €122k | €75k | ▼ 38.3% |
| Amounts payable within one year42/48 | €252k | €246k | €249k | €228k | €309k | ▲ 35.4% |
| Current portion of amounts payable after more than one year42 | - | €45k | €45k | €61k | €49k | ▼ 19.9% |
| Trade debts44 | €106k | €148k | €154k | €84k | €148k | ▲ 76.2% |
| Suppliers440/4 | - | €148k | €154k | €84k | €148k | ▲ 76.2% |
| Taxes, remuneration and social security45 | - | €50k | €49k | €76k | €111k | ▲ 46.8% |
| Taxes450/3 | - | €42k | €30k | €16k | €22k | ▲ 43.7% |
| Remuneration and social security454/9 | - | €8k | €19k | €60k | €89k | ▲ 47.6% |
| Other amounts payable47/48 | - | €4k | - | €7k | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39k | €91k | €-1k | €4k | €-23k | ▼ 699% |
| + Depreciation and write-downs630 | €21k | €45k | €45k | €46k | €46k | ▼ 0.2% |
| Operating cash flow (approximation) | €60k | €136k | €44k | €50k | €23k | ▼ 54.4% |
| Investment in fixed assets (approximation) | - | €-14k | €-3k | €-4k | €0 | ▲ 100% |
| Change in cash | - | €30k | €-59k | €-14k | €30k | ▲ 310% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-23k
Net result drops to €-23k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
31-12
Financial
Highest result since 2020net €91k ▲136%
Operating result €129k, net result €91k, both a record.
31-12
Financial
Equity above €200kEq €230k ▲65.7%
2 profitable years in a row build equity to €230k.
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 102 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Lasne · 1 establishment unit since 2020
Ground area
1.4 ha
Building footprint
233 m²
Volume, LiDAR
543 m³
2 parcels, Wallonia · tallest building 7.3 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Cornette 2.0
since 20202.305.185.994
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25083F0064/00B000 | Wallonia | 1.2 ha | 1 · 119 m² | 7.3 m · 2 fl. |
| 25024B0029/00S000 | Wallonia | 2,097 m² | 1 · 115 m² | - |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteOttignies-Louvain-la-Neuve2.305.185.994
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Of 1,425 companies in sector 46389 we hold annual accounts for 854. 590 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
Founded04-02-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
47110Non-specialised retail sale with food, beverages or tobacco predominating
Contact
E-mail
karldaffe@hotmail.com
Phone
+32476992892
Scores and ratios are computed by Checked and are not a credit decision.