CORNFLOUR MANAGEMENT
ActiveSummary
CORNFLOUR MANAGEMENT has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €50,410 and a net result of €7,642. Equity is growing by ~18.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 32629 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Overview
What they do
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
How big
€101,113total assets 2025
- Equity
- €50,410
- Profit
- €7,642
Turnover not published (abridged schema)
Who decides
Accounts filed 41 d late0 of 3 deeds read
Why 75- Higher-failure-rate region+ Lower-failure-rate sector+ Annual accounts: healthy financial profileFiled after the deadlineShow the evidence
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+5
Solvency75▲+21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity ample (current ratio 1.82 against 1.19 in 2024; short-term debt: 35.9% and cash: 13.1% of total assets), but 50.1% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
49.9%
Return on assets
7.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 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 · 9 filingsDeviation from the deadline
2025
41 d late
2024
48 d late
2023
13 d late
2022
29 d late
2021
22 d late
2020
27 d late
2019
13 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 29 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · micro…
- Annual accounts filedfiscal year 2024 · micro…
- Annual accounts filedfiscal year 2023 · micro…
Financials
Fiscal year 2025Total assets €101,113Profit €7,642Solvency 49.9%Liquidity 1.82
Total assets
€101,113▼ 31.2%
2018 - 2025
Net result
€7,642▲ 44.8%
2018 - 2025
Equity
€50,410▲ 17.9%
2018 - 2025
Solvency
49.9%▲ 20.8pp
2018 - 2025
Financials · fiscal year 2025, micro schema
Trend over the years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€1,380▼ 93.1%€37,349▲ 2,607%€30,047▼ 19.6%€8,722▼ 71.0%€12,135▲ 39.1%
Net result-€293below the sector's middle half€28,337within the sector's middle half€22,220within the sector's middle half▼ 21.6%€5,276within the sector's middle half▼ 76.3%€7,642within the sector's middle half▲ 44.8%
Equity€36,935within the sector's middle half▼ 0.8%€65,272within the sector's middle half▲ 76.7%€87,492within the sector's middle half▲ 34.0%€42,768within the sector's middle half▼ 51.1%€50,410within the sector's middle half▲ 17.9%
Total assets€54,591below the sector's middle half▲ 25.5%€84,796within the sector's middle half▲ 55.3%€155,013within the sector's middle half▲ 82.8%€146,952within the sector's middle half▼ 5.2%€101,113within the sector's middle half▼ 31.2%
Debt€17,655▲ 182%€19,523▲ 10.6%€67,520▲ 246%€104,184▲ 54.3%€50,703▼ 51.3%
Working capital€20,381within the sector's middle half▼ 42.2%€51,004within the sector's middle half▲ 150%€58,117within the sector's middle half▲ 13.9%€15,422within the sector's middle half▼ 73.5%€29,850within the sector's middle half▲ 93.5%
Solvency67.7%within the sector's middle half▼ 17.9pp77.0%within the sector's middle half▲ 9.3pp56.4%within the sector's middle half▼ 20.5pp29.1%within the sector's middle half▼ 27.3pp49.9%within the sector's middle half▲ 20.8pp
Current ratio2.17within the sector's middle half▼ 4.453.61within the sector's middle half▲ 1.442.56within the sector's middle half▼ 1.051.19within the sector's middle half▼ 1.371.82within the sector's middle half▲ 0.63
Return on assets (ROA)-0.5%below the sector's middle half▼ 33.7pp33.4%above the sector's middle half▲ 34.0pp14.3%within the sector's middle half▼ 19.1pp3.6%within the sector's middle half▼ 10.7pp7.6%within the sector's middle half▲ 4.0pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result and balance sheet
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 39% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €101,113
Fixed assets
€34,936 ▼ 29.9%
Current assets
€66,177 ▼ 31.9%
Equity and liabilities €101,113
Equity
€50,410 ▲ 17.9%
Debt
€50,703 ▼ 51.3%
Debt's share of the balance-sheet total falls from 70.9% to 50.1%. Equity is higher and debt is lower.
Key figures and ratios
Key figures and ratios
EBITDA
€27,027▲
2024 · €23,482
Cash flow
€22,534▲
2024 · €20,035
Debt to equity
1.01▼
2024 · 2.44
ROE
15.2%▲
2024 · 12.3%
Interest coverage
16.68▲
2024 · 11.04
Debt ≤ 1 year
€36,328▼
2024 · €81,701
Debt > 1 year
€14,375▼
2024 · €22,483
Income taxes
€5,378▲
2024 · €4,392
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 26,975 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Filed annual accounts
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,601 | €4,579 | €8,846 | €14,759 | €14,892 | ▲ 0.9% |
| Other operating charges640/8 | €652 | €4,054 | €4,494 | €695 | €715 | ▲ 2.8% |
| Gross operating margin9900 | €5,633 | €45,982 | €43,387 | €24,177 | €27,742 | ▲ 14.7% |
| Operating profit (loss)9901 | €1,380 | €37,349 | €30,047 | €8,722 | €12,135 | ▲ 39.1% |
| Financial income75/76B | €796 | €1,355 | €1,721 | €3,074 | €2,505 | ▼ 18.5% |
| Recurring financial income75 | €796 | €1,355 | €1,721 | €3,074 | €2,505 | ▼ 18.5% |
| Financial charges65/66B | €925 | €880 | €1,686 | €2,128 | €1,620 | ▼ 23.9% |
| Recurring financial charges65 | €925 | €880 | €1,686 | €2,128 | €1,620 | ▼ 23.9% |
| Profit (loss) for the period before taxes9903 | €1,251 | €37,825 | €30,083 | €9,668 | €13,020 | ▲ 34.7% |
| Income taxes67/77 | €1,544 | €9,488 | €7,863 | €4,392 | €5,378 | ▲ 22.4% |
| Profit (loss) for the period9904 | -€293 | €28,337 | €22,220 | €5,276 | €7,642 | ▲ 44.8% |
| Profit (loss) for the period to be appropriated9905 | -€293 | €28,337 | €22,220 | €5,276 | €7,642 | ▲ 44.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €54,591 | €84,796 | €155,013 | €146,952 | €101,113 | ▼ 31.2% |
| Fixed assets21/28 | €16,791 | €14,268 | €59,598 | €49,828 | €34,936 | ▼ 29.9% |
| Tangible fixed assets22/27 | €16,791 | €14,268 | €59,598 | €49,828 | €34,936 | ▼ 29.9% |
| Furniture and vehicles24 | €12,887 | €10,786 | €56,538 | €43,582 | €29,491 | ▼ 32.3% |
| Other tangible fixed assets26 | €3,904 | €3,482 | €3,060 | €6,247 | €5,445 | ▼ 12.8% |
| Current assets29/58 | €37,800 | €70,528 | €95,415 | €97,123 | €66,177 | ▼ 31.9% |
| Amounts receivable within one year40/41 | €15,579 | €55,965 | €58,192 | €77,187 | €52,772 | ▼ 31.6% |
| Trade receivables40 | €1,249 | €31,000 | €18,000 | €19,613 | €18,169 | ▼ 7.4% |
| Other amounts receivable41 | €14,329 | €24,965 | €40,192 | €57,574 | €34,603 | ▼ 39.9% |
| Cash at bank and in hand54/58 | €18,568 | €11,713 | €35,311 | €19,757 | €13,208 | ▼ 33.1% |
| Deferred charges and accrued income490/1 | €3,653 | €2,849 | €1,912 | €179 | €197 | ▲ 9.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €54,591 | €84,796 | €155,013 | €146,952 | €101,113 | ▼ 31.2% |
| Equity10/15 | €36,935 | €65,272 | €87,492 | €42,768 | €50,410 | ▲ 17.9% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €7,136 | €14,778 | ▲ 107% |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | €1,860 | €1,860 | €7,136 | €14,778 | ▲ 107% |
| Profit (loss) carried forward14 | €22,675 | €51,012 | €73,232 | €23,232 | €23,232 | = |
| Amounts payable17/49 | €17,655 | €19,523 | €67,520 | €104,184 | €50,703 | ▼ 51.3% |
| Amounts payable after more than one year17 | - | - | €30,223 | €22,483 | €14,375 | ▼ 36.1% |
| Financial debts170/4 | - | - | €30,223 | €22,483 | €14,375 | ▼ 36.1% |
| Amounts payable within one year42/48 | €17,418 | €19,523 | €37,298 | €81,701 | €36,328 | ▼ 55.5% |
| Current portion of amounts payable after more than one year42 | - | - | €7,389 | €7,740 | €8,107 | ▲ 4.7% |
| Trade debts44 | €4,992 | €4,263 | €5,161 | €4,870 | €10,975 | ▲ 125% |
| Suppliers440/4 | €4,992 | €4,263 | €5,161 | €4,870 | €10,975 | ▲ 125% |
| Taxes, remuneration and social security45 | €12,426 | €15,260 | €24,748 | €19,091 | €17,246 | ▼ 9.7% |
| Taxes450/3 | €12,426 | €15,260 | €24,748 | €19,091 | €17,246 | ▼ 9.7% |
| Other amounts payable47/48 | - | - | - | €50,000 | - | - |
| Accrued charges and deferred income492/3 | €237 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€293 | €28,337 | €22,220 | €5,276 | €7,642 | ▲ 44.8% |
| + Depreciation and write-downs630 | €3,601 | €4,579 | €8,846 | €14,759 | €14,892 | ▲ 0.9% |
| Operating cash flow (approximation) | €3,308 | €32,916 | €31,066 | €20,035 | €22,534 | ▲ 12.5% |
| Investment in fixed assets (approximation) | - | -€2,056 | -€54,176 | -€4,990 | €0 | ▲ 100% |
| Change in cash | - | -€6,855 | €23,598 | -€15,554 | -€6,548 | ▲ 57.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Comparable companies
Similar companies · same sector, comparable size
AVANTYS
BE 1005.747.270
La Louvière · Eq €50,411
Unifra
BE 0799.463.607
Deinze · Eq €50,407
ANGELOW
BE 0896.847.548
Herentals · Eq €50,414
DDOConsulting
BE 0541.867.833
Lasne · Eq €50,405
COTEC SERVICES
BE 0558.908.852
Tubize · Eq €50,403
Of 82,601 companies in this sector we hold annual accounts for 52,629. 38,105 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Timeline
11 eventsLatest 10-09-2026Next filing 31-07-2027
History
Acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 41 days late
2025
17-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 48 days late
2024
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €28,337
Net result €28,337 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
13-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 13 days late
2019
31-12
Financial
Back to profitnet €11,273
Net result €11,273 after one loss-making year.
06-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 6 days late
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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.
Company details
Private limited company · founded 20-12-2016Year ends 31-12Peppol reachable1 site
Register details
Identification
Legal formPrivate limited company
Founded20-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
58190Other publishing activities, excluding software publishing
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
85599Other education
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0667920917
Also
9925:BE0667920917
Registered
24-11-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Sites & property
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2016
Ground area
430 m²
Building footprint
204 m²
Volume, LiDAR
4,229 m³
Parcel 21019A0207/00K011, Brussels · tallest building 24.1 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
CORNFLOUR MANAGEMENT
since 2016unit no. 2.260.235.305
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0207/00K011 | Brussels | 429 m² | 1 · 204 m² | 24.1 m · 7 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.
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.