CORNIAUD & CO
ActiveSummary
CORNIAUD & CO has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €129k and a net result of €-8k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 48% of 1991 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
63
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability25▲+25
Solvency72▲+2
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 4.1 against 3.23 in 2024; short-term debt: 19.4% and cash: 7.5% of total assets), but 52.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-8k
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 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
1 d late
2023
30 d late
2022
4 d early
2021
78 d late
2020
88 d late
2019
40 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€129k▼ 5.7%
2024 · €137k
2018: €-21k
2019: €14k
2020: €-22k
2021: €138k
2022: €202k
2023: €191k
2024: €137k
2018 → 2025
Total assets
€272k▼ 10.5%
2024 · €304k
2018: €569k
2019: €482k
2020: €270k
2021: €365k
2022: €399k
2023: €385k
2024: €304k
2018 → 2025
Net result
€-8k▲ 85.5%
2024 · €-54k
2018: €-49k
2019: €35k
2020: €-36k
2021: €160k
2022: €64k
2023: €-11k
2024: €-54k
2018 → 2025
Working capital
€164k▼ 7.6%
2024 · €177k
2018: €37k
2019: €75k
2020: €-20k
2021: €172k
2022: €162k
2023: €147k
2024: €177k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€138k-€202k▲ 46.6%€191k▼ 5.7%€137k▼ 28.3%€129k▼ 5.7%
Operating result€170k-€79k▼ 53.5%€-7k€-53k▼ 665%€3k
Net result€160k-€64k▼ 59.9%€-11k€-54k▼ 372%€-8k▲ 85.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3k after a loss of €53k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €272k
Fixed assets
€55k ▲ 17.5%
Current assets
€217k ▼ 15.7%
Equity and liabilities €272k
Equity
€129k ▼ 5.7%
Debt
€143k ▼ 14.4%
Debt's share of the balance-sheet total falls from 55.0% to 52.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€13k▲
2024 · €-42k
Cash flow
€2k▲
2024 · €-43k
Current ratio
4.10▲
2024 · 3.23
Debt to equity
1.11▼
2024 · 1.22
ROE
-6.1%▲
2024 · -39.4%
ROA
-2.9%▲
2024 · -17.7%
Interest coverage
1.23▲
2024 · -8.27
Debt ≤ 1 year
€53k▼
2024 · €80k
Debt > 1 year
€85k▼
2024 · €86k
Income taxes
€290▲
2024 · €-3k
Staff costs
€69k▲
2024 · €69k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 53 lines
Balance sheet
Code20242025
Assets
Total assets20/58€304k€272k▼
Fixed assets21/28€47k€55k▲
Tangible fixed assets22/27€47k€55k▲
Land and buildings22€6k€5k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€27k€38k▲
Other tangible fixed assets26€8k€7k▼
Assets under construction and advance payments27-€2k
Financial fixed assets28€140€140=
Current assets29/58€257k€217k▼
Amounts receivable within one year40/41€169k€101k▼
Trade receivables40€147k€90k▼
Other amounts receivable41€23k€12k▼
Cash at bank and in hand54/58€18k€20k▲
Deferred charges and accrued income490/1€69k€95k▲
Equity and liabilities
Total equity and liabilities10/49€304k€272k▼
Equity10/15€137k€129k▼
Contributions10/11€6k€6k=
Reserves13€43k€43k=
Non-distributable reserves130/1€2k€0▼
Reserves not available under the articles1311€2k€0▼
Tax-exempt reserves132€34k€34k=
Distributable reserves133€7k€8k▲
Profit (loss) carried forward14€88k€80k▼
Amounts payable17/49€167k€143k▼
Amounts payable after more than one year17€86k€85k▼
Financial debts170/4€86k€85k▼
Amounts payable within one year42/48€80k€53k▼
Current portion of amounts payable after more than one year42€20k€15k▼
Trade debts44€19k€14k▼
Suppliers440/4€19k€14k▼
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€41k€21k▼
Taxes450/3€32k€17k▼
Remuneration and social security454/9€9k€5k▼
Other amounts payable47/48-€2k
Accrued charges and deferred income492/3€2k€5k▲
Income statement
Code20242025
Remuneration, social security and pensions62€69k€69k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼
Other operating charges640/8€107k€2k▼
Non-recurring operating charges66A€1k€0▼
Gross operating margin9900€135k€83k▼
Operating profit (loss)9901€-53k€3k▲
Financial income75/76B€1k€45▼
Recurring financial income75€1k€45▼
Financial charges65/66B€5k€10k▲
Recurring financial charges65€5k€10k▲
Profit (loss) for the period before taxes9903€-57k€-8k▲
Income taxes67/77€-3k€290▲
Profit (loss) for the period9904€-54k€-8k▲
Profit (loss) for the period to be appropriated9905€-54k€-8k▲
Appropriation of the result
Profit (loss) to be appropriated9906€88k€80k▼
Profit (loss) brought forward from the previous period14P€142k€88k▼
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
01-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 1 day late
2024
31-12
Financial
Weakest financial yearnet €-54k
Net result drops to €-54k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €200kEq €202k ▲46.6%
2 profitable years in a row build equity to €202k.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
31-12
Financial
Back to profitnet €160k
Net result €160k after one loss-making year.
31-12
Financial
Liquidity doublescurrent ratio 1.90
Current ratio from 0.93 to 1.90; short-term debt falls from €275k to €191k.
31-12
Financial
Equity above €100kEq €138k
Equity rises from €-22k to €138k.
27-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 88 days late
2020
09-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 40 days late
Show earlier events
2019
31-12
Financial
Back to profitnet €35k
Net result €35k after one loss-making year.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 acts for this company are 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, Liège · 3 establishment units since 1995
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Place Saint-Michel 804000 LiègeGround area
2,390 m²
Building footprint
816 m²
Volume, LiDAR
6,867 m³
3 parcels, Brussels, Flanders, Wallonia · tallest building 17.1 m, ±4 floors. Linked by address, not a title deed.
3 establishment units
CORNIAUD EN CO
since 19952.072.788.743
CORNIAUD EN CO
since 20202.311.965.997
CORNIAUD EN CO
since 20202.314.633.695
3 parcels
Flanders
1
(33.3%)
Wallonia
1
(33.3%)
Brussels
1
(33.3%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22006B0040/00K000 | Flanders | 1,080 m² | 1 · 129 m² | 8.1 m · 2 fl. |
| 62063B0603/00K000 ProtectedMonument · Site or landscape |
Wallonia | 783 m² | 1 · 359 m² | 17.1 m · 4 fl. |
| 21332D0021/00V010 | Brussels | 527 m² | 1 · 328 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Wallonia-Brussels Federation
2021 · 1 entry · 7,500 EUR in total| Year | Entries | paid |
|---|---|---|
| 2021 | 1 | 7,500 EUR |
Similar companies · same sector, comparable size
NIKKEL
BE 0455.137.262
Chaumont-Gistoux · Eq €129k
LAMME GOEDZAK EVENTS
BE 0744.820.141
Damme · Eq €126k
SKYTIGER
BE 0645.704.155
Erpe-Mere · Eq €125k
GUCCI PROD'
BE 0823.621.159
Namur · Eq €133k
ARTI-SHOW
BE 0457.687.966
Sint-Genesius-Rode · Eq €136k
Of 2,276 companies in sector 90202 we hold annual accounts for 413. 320 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-07-1995
Fiscal year end31-12
Activities, NACEBEL 2025
90202Performing arts by artistic ensembles
90391Promotion and organisation of arts and performing arts events
Sources
Crossroads Bank for EnterprisesNational Bank · 30 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.