Skip to content
Checked.be
Complete company report
Generated 01-08-2026
Active BE 0763.992.982Public limited company

CORNICHE DEVELOPMENT

Terhulpsesteenweg 185 ·1170 Watermaal-Bosvoorde, Belgium· 5 yrs active
Sector: Real estate activities (68121)
Conclusion Checked

The computed 12-month bankruptcy probability of CORNICHE DEVELOPMENT is 1.1% (low). The 2025 annual accounts show equity of €57k and a net result of €-9k. Equity remains stable across the filed fiscal years (±1.6% per year). Its solvency ranks better than 21% of 200 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €57k
Net result €-9k
Better than sector 21%
Active 5 yrs
Snowflake analysis 5 axes · computed by Checked
Health27Profitability0Solvency12Growth32Stability94
33 / 100

Fragile profile, watch profitability in particular.

Health 27
Profitability 0
Solvency 12
Growth 32
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
1.1% Low
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate region +Lower-failure-rate sector −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2021, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
27 / 100 Weak
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 22-05-2026 with the NBB · fiscal year 2025 · volledig
€-20k€-10k€0€10k€20kOperating result 2021: €-136€-136Net result 2021: €-156€-156Operating result 2022: €-1k€-1kNet result 2022: €-1k€-1kOperating result 2023: €-11k€-11kNet result 2023: €-11k€-11kOperating result 2024: €20k€20kNet result 2024: €18k€18kOperating result 2025: €-9k€-9kNet result 2025: €-9k€-9k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable Equity: stable across 5 fiscal years (±1.6%/year).
€45k€50k€55k€60k€65k2026: €56k (€52k - €61k)2027: €56k (€51k - €60k)2028: €55k (€50k - €59k)2021: €61k2022: €60k2023: €49k2024: €67k2025: €57k20212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 68, Real estate activities · compared within the same schema type (full schema)
Metric This company Sector median Position in the sector
Solvency 1.4% 28.9%
better than 21% of 200 sector peers
Net result €-9k €9k
better than 36% of 199 sector peers
Equity €57k €456k
better than 30% of 200 sector peers
Gross operating margin €-8k €79k
better than 10% of 140 sector peers
Total assets €4.18M €2.45M
better than 60% of 200 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Net profit
€-9k
- far below sector median
Total assets
€4.18M
+14.6% far above sector median
Equity
€57k
-13.9% -54% vs sector
Working capital
€57k
-13.9% -20% vs sector
Income taxes
€40
-97.9% -99% vs sector
Debt
€4.12M
+15.2% far above sector median
Debt ≤ 1y
€4.12M
+15.2% far above sector median
Current ratio
1.01
-0.5% -44% vs sector
Quick ratio
0.57
+7148.8% -68% vs sector
Solvency
1.4%
-24.9% -97% vs sector
Debt / equity
71.82
+33.8% far above sector median
ROE
-16.2%
- far below sector median
ROA
-0.2%
- +71% vs sector
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA-
Net profit€-9k
Cash flow-
Staff costs-
Income taxes€40
Dividends-
Total assets€4.18M
Equity€57k
Debt€4.12M
of which ≤ 1y€4.12M
of which > 1y-
Working capital€57k
Employees (FTE)-
Ratios (computed)
2025
Current ratio1.01
Quick ratio0.57
Working capital ratio1.4%
Solvency1.4%
Debt / equity71.82
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-0.2%
ROE-16.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€4.18M
Current assets 29/58€4.18M
Stocks & contracts in progress 3€1.83M
Amounts receivable within one year 40/41€6k
Cash & bank 54/58€2.35M
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€4.18M
Equity 10/15€57k
Contributions / capital 10/11€62k
Reserves 13€257
Accumulated profits (losses) 14€-4k
Amounts payable 17/49€4.12M
Amounts payable within one year 42/48€4.12M
Trade debts payable within one year 44€25k
Income statement
Gross operating margin 9900€-8k
Operating result 9901€-9k
Financial charges 65€615
Result before taxes 9903€-9k
Income taxes 67/77€40
Net result for the period 9904€-9k
Result to be appropriated 9905€-9k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary Real estate activities(68121)
Legal form Public limited company(014)
Incorporation24-02-2021
StatusActive
Postal code1170
Establishment units 1 location
CORNICHE DEVELOPMENT
Terhulpsesteenweg 185, 1170 Watermaal-BosvoordeOntwikkeling van residentiële bouwprojecten
since 20212.317.755.117
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21652E0042/00H002
ProtectedMonument · Site or landscapeCBRSource ↗
 Brussels 7,608 m² 1 · 1,019 m² 35.8 m · 10 fl.
Methodology
via registered seat: 1
1 of 1 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).
Updates 7 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
22-05-2026
NBB filing Annual accounts filed
fiscal year 2025 · volledig
2025
18-07-2025
State Gazette act Director changes
06-06-2025
NBB filing Annual accounts filed
fiscal year 2024 · volledig
2024
22-05-2024
NBB filing Annual accounts filed
fiscal year 2023 · volledig
2023
24-05-2023
NBB filing Annual accounts filed
fiscal year 2022 · volledig
18-04-2023
State Gazette act Director changes
2022
25-05-2022
NBB filing Annual accounts filed
fiscal year 2021 · volledig
Belgisch Staatsblad, acts 2 acts
All acts · 2 updated 1 year ago
2025
18-07-2025 1 director appointed, 3 reappointed Director changes
  • J.Jordens srl, Dagelijks bestuur
  • Thomas Meurice, Commissaris
  • Stéphane DIELEMAN, Commissaris
  • Renaud JACQUET, Commissaris
Technical details 
{
  "events": [
    {
      "kind": "commissaris_renew",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Thomas Meurice",
        "address": null,
        "birth_date": null,
        "profession": "r\u00E9viseur d\u0027entreprise",
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": {
        "kbo": null,
        "name": "EY R\u00E9viseurs d\u0027Entreprises",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "l\u0027Assembl\u00E9e renouvelle le mandat de commissaire d\u0027EY R\u00E9viseurs d\u0027Entreprises pour une dur\u00E9e de 3 ans prenant fin \u00E0 l\u0027issue de l\u0027Assembl\u00E9e G\u00E9n\u00E9rale Ordinaire de 2028 statuant sur les comptes 2027.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": 3
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "commissaris_renew",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "St\u00E9phane DIELEMAN",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": {
        "kbo": null,
        "name": "STEDICO SRL",
        "address": null,
        "country": null,
        "legal_form": "SRL"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "l\u0027Assembl\u00E9e renouvelle les mandats d\u0027administrateurs de a. STEDICO SRL, repr\u00E9sent\u00E9e par St\u00E9phane DIELEMAN",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2031"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "commissaris_renew",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Renaud JACQUET",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "renewal",
      "via_org": {
        "kbo": null,
        "name": "RPJ CONSULT SRL",
        "address": null,
        "country": null,
        "legal_form": "SRL"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "l\u0027Assembl\u00E9e renouvelle les mandats d\u0027administrateurs de b. RPJ CONSULT SRL, repr\u00E9sent\u00E9e par Renaud JACQUET",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2031"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "delegation_dagelijks_bestuur_in",
      "role": "dagelijks_bestuur",
      "person": {
        "rrn": null,
        "name": "J.Jordens srl",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "L\u0027assembl\u00E9e mandate J.Jordens srl aux fins de proc\u00E9der aux diff\u00E9rentes formalit\u00E9s li\u00E9es \u00E0 ces d\u00E9cisions, en ce compris la signature des documents de publication au Moniteur belge.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2025-07-18",
    "filing_date": "2025-05-20",
    "act_kind_objet": "Objet(s) de l\u0027acte :"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2025-05-20",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0763.992.982",
    "name_full": "CORNICHE DEVELOPMENT",
    "legal_form": "Soci\u00E9t\u00E9 anonyme"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Marion de Crombrugghe",
    "org_rep_person_name": null,
    "person_role_at_subject": "Mandataire"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
2023
18-04-2023 4 directors appointed Director changes
  • EY Réviseurs d'Entreprises, Commissaris
  • Romuald BILEM, Commissaris
  • J.Jordens, Dagelijks bestuur
  • Serge Solau, Dagelijks bestuur
Technical details 
{
  "events": [
    {
      "kind": "commissaris_in",
      "role": "commissaris",
      "person": null,
      "reason": null,
      "subkind": "renewal",
      "via_org": {
        "kbo": null,
        "name": "EY R\u00E9viseurs d\u0027Entreprises",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "statutory": "statutair",
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "A l\u0027unanimit\u00E9, l\u0027Assembl\u00E9e nomme en tant que Commissaire la soci\u00E9t\u00E9 EY R\u00E9viseurs d\u0027Entreprises pour une dur\u00E9e de 3 ans prenant fin \u00E0 l\u0027issue de l\u0027Assembl\u00E9e G\u00E9n\u00E9rale Ordinaire 2025 statuant sur les comptes 2024.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "n_years",
        "value": "3"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "commissaris_in",
      "role": "commissaris",
      "person": {
        "rrn": null,
        "name": "Romuald BILEM",
        "address": null,
        "birth_date": null,
        "profession": "r\u00E9viseur d\u0027entreprise",
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "Cette soci\u00E9t\u00E9 a d\u00E9sign\u00E9 Romuald BILEM, r\u00E9viseur d\u0027entreprise en tant que repr\u00E9sentant permanent",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "delegation_dagelijks_bestuur_in",
      "role": "dagelijks_bestuur",
      "person": {
        "rrn": null,
        "name": "J.Jordens",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": null,
        "name": "J.Jordens srl",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "L\u0027assembl\u00E9e mandate J.Jordens srl / Serge Solau aux fins de proc\u00E9der aux diff\u00E9rentes formalit\u00E9s li\u00E9es \u00E0 ces d\u00E9cisions, en ce compris la signature des documents de publication au Moniteur belge.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "delegation_dagelijks_bestuur_in",
      "role": "dagelijks_bestuur",
      "person": {
        "rrn": null,
        "name": "Serge Solau",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": null,
        "name": "J.Jordens srl",
        "address": null,
        "country": null,
        "legal_form": null
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "L\u0027assembl\u00E9e mandate J.Jordens srl / Serge Solau aux fins de proc\u00E9der aux diff\u00E9rentes formalit\u00E9s li\u00E9es \u00E0 ces d\u00E9cisions, en ce compris la signature des documents de publication au Moniteur belge.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "mixed",
    "pub_date": "2023-04-08",
    "filing_date": null,
    "act_kind_objet": "Objet de l\u0027acte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2022-05-17",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0763.992.982",
    "name_full": "CORNICHE DEVELOPMENT",
    "legal_form": "SA"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Serge Solau",
    "org_rep_person_name": null,
    "person_role_at_subject": "Mandataire"
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

Coming soon
AI-generated from Checked data; indicative, not legal or investment advice.
Company registry (CBE) Crossroads Bank
Activities
Ontwikkeling van residentiële bouwprojecten41101Ontwikkeling van residentiële bouwprojecten68121Ontwikkeling van niet-residentiële bouwprojecten41102Ontwikkeling van niet-residentiële bouwprojecten68122
Primary activity highlighted.
Names & trade names
Legal nameFR CORNICHE DEVELOPMENT
Registered office
Terhulpsesteenweg 185
1170 Watermaal-Bosvoorde, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
Similar companies Same NACE
INTERBOUW BE 0429.609.238 · Zutendaal
BOUWCONCEPT DE WERKERS BE 0427.065.165 · Zonhoven
C & C CONSULTANTS BE 0422.586.042 · Schoten
Agence Depoorter West BE 0424.737.561 · Middelkerke
URO CORP BE 0426.950.052 · Genk
Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative