Equity
-€153,976
Debts exceed assets in financial year 2025.
CORNHOFF
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €109,448 (2012)
€86,374▲ 15.2%
lowest -€61,030 (2022)
€13,209▲ 404%
peak €87,880 (2014)
-€153,976▲ €13,209
€1.1m▼ 4.9%
Board3 names since 2021
2 directorsHOFFMANN Luc Paul and 1 other
Documentsfilings and deeds
10-06-202651 days before the deadline
2025abbreviated format
Gross margin from €75,004 to €86,374Result from €2,620 to €13,209Cash from €26,360 to €10,270
Key points
from the 2025 annual accountsChecked score
55
Fair
Financially stronger than 39% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.3%▲ +0.1 percentage points vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.2%▼ -0.1 percentage points vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.2%▼ -0.1 percentage points vs 06-2025lowest value
08-2025: 0.2%● unchanged vs 07-2025lowest value
09-2025: 0.2%● unchanged vs 08-2025lowest value
10-2025: 0.2%● unchanged vs 09-2025lowest value
11-2025: 0.2%● unchanged vs 10-2025lowest value
12-2025: 0.2%● unchanged vs 11-2025lowest value
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.4%▲ +0.2 percentage points vs 07-2026
09-2026: 0.5%▲ +0.1 percentage points vs 08-2026highest value
10-2026: 0.2%▼ -0.3 percentage points vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Negative equity -€153,976
Liquidity: current ratio 0.20, cash €10,270, halved
Founded in 2003
lowers risk
Size: total assets €912,053
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro). It does better than 11% of them on solvency, 44% on liquidity, 38% on profitability and 65% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 519 companies had the same profile as CORNHOFF has now. Each dot stands for 2 companies, two years later.
91.7%
were still trading
3.9%
stopped another way
2.9%
went bankrupt
Another 1.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CORNHOFF itself is lower: 0.2% within 12 months. It rests on far more data about CORNHOFF than the profile alone.
Test of the method
The method was tested on the 497,448 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 519 companies, not a prediction for CORNHOFF. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.2 (0.37 in 2024), below 1. Short-term debt is 6.4% and cash 1.1% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 days early
2024
51 days early
2023
55 days early
2022
53 days early
2021
52 days early
2020
51 days early
2019
50 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 52 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 9 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0480035380
2 directors appointed, 2 reappointments
Appointments: HOFFMANN Luc Paul and CORNELIS Ann Rita Luc · Reappointments: HOFFMANN Luc Paul and CORNELIS Ann Rita Luc · Gazette deed
Environmental permit granted
Verbouwen en/of uitbreiden met het wijzigen van alle zelfstandige gebruikseenheden (unit) binnen het gebouw · Gent
First establishment
Onderbos 9, Oudenaarde
Official details
Source: KBO- Status
- Active since 15-04-2003Normal situation
- Activity
- “Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met…” (deed in Dutch)From the articles, 4 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.131.921.0329700 Oudenaarde, since 26-05-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 12-10-2025
Annual accounts 2025
- ≈ €240,000estimated
- €912,053▼ 4.4%
- Filing
- Filed on 10-06-2026, 51 days before the end of the filing period
Insights on CORNHOFF
CORNHOFF files the abbreviated format. That format states no turnover. The gross margin rose from €38,161 in 2006 to €86,374 in 2025.
The balance sheet grew most in 2009 through fixed assets, financed with long-term debt.
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 CORNHOFF
- What is the company number of CORNHOFF?
- The company number of CORNHOFF is 0480.035.380. The VAT number is the same number with BE in front: BE 0480.035.380.
- Where is CORNHOFF based?
- The registered office is at Onderbos 9, 9700 Oudenaarde.Company details
- What is the legal form of CORNHOFF?
- CORNHOFF is a public limited company (NV).
- When was CORNHOFF founded?
- CORNHOFF was founded on 15-04-2003.
- Is CORNHOFF still active?
- Yes, CORNHOFF is an active enterprise in the KBO register.
- What is the turnover of CORNHOFF?
- The turnover in financial year 2025 is ≈ €240,000. This figure is estimated from the gross margin of €86,374 and 1,300 comparable companies of the same size. It probably lies between €150,000 and €460,000. It is a rough estimate.Financials
- Is CORNHOFF profitable?
- In financial year 2025, CORNHOFF made a profit of €13,209.
- Where can I find the annual accounts of CORNHOFF?
- CORNHOFF filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CORNHOFF due?
- CORNHOFF must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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