Cornix
ActiveSummary
Cornix has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of -€90,473. Equity has been stable since 2018 (±2.2% per year). Its solvency ranks better than 44% of 384 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active Normal situation
- Activity
- Manufacture of machinery and equipment not elsewhere classified NACE 28220and 3 others
- Joint committees
- 149.04 Paritair Subcomité voor de metaalhandel
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2023
- Establishment units
- 2.012.409.807 6042 Charleroi, since 27-01-1958
- 2.250.804.331 1400 Nivelles, since 01-04-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 09-10-2025
Board and ownership
Board
- Jean LEGAChair
- Jean Claude DEPUYDTManaging director
Shareholders
- SERITRA29%· score 632022 annual accounts of SERITRA
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.9%
Annual accounts 2025
- Gross margin
- €361,193
- ▼ 24.2%
- Turnover
- ≈ €850,000
- estimated
- Loss
- €90,473
- ▲ 198%
- Equity
- €1.2m
- ▼ 6.8%
- Total assets
- €3.3m
- ▼ 4.8%
- Employees on 31-12-2025
- 11
- ▼ 8.3%
- 2025 accounts filed 26 days after the deadline
Score breakdownraises riskLiquidity: current ratio 1.29, cash €53,842Loss of €90,473, the second in a row (financial year 2025)Last filed accounts filed 26 days late; 1 of the last 3 accounts latelowers riskFounded in 1968Show the evidence
Checked score
Score 2025
66
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 23% of small companies in machinery and equipment (NACE 28)
Financial strength · tick: 2024
Weak
Solvency
63-1
equity 38.0% of total assets
Liquidity
20+1
short-term debt 61.3% · cash 1.6%
Profitability
15-6
return on assets -2.8%
Bankruptcy probability within 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.6%lowest value
01-2025: 0.6%● unchanged vs 12-2024lowest value
02-2025: 0.6%● unchanged vs 01-2025lowest value
03-2025: 0.6%● unchanged vs 02-2025lowest value
04-2025: 0.6%● unchanged vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.8%▲ +0.2 percentage points vs 06-2025
08-2025: 1.4%▲ +0.6 percentage points vs 07-2025
09-2025: 0.9%▼ -0.5 percentage points vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 1.0%▲ +0.1 percentage points vs 05-2026
07-2026: 1.0%● unchanged vs 06-2026
08-2026: 1.9%▲ +0.9 percentage points vs 07-2026highest value
09-2026: 0.9%▼ -1.0 percentage point vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Credit of up to €80,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.29 (1.31 in 2024), below the usual 1.5. Short-term debt is 61.3% and cash 1.6% of total assets. 62% of the assets are financed with debt and provisions.
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 (NACE 28, small). It does better than 42% of them on solvency, 14% on liquidity, 12% on profitability and 23% on growth.
The bankruptcy probability was computed on 03-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
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 -€90,473
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
26 days late
2024
31 days late
2023
4 days early
2022
6 days early
2021
30 days late
2020
28 days late
2019
1 day early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 15 days after the deadline. In the sector (NACE 28), the median for financial year 2024 was 11 days before the deadline, and 32% of those companies filed 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 26 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, full format
2025 annual accounts filed 26 days after the deadline Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00427194.
Annual accounts 2025 filed on 26-08-2026 at the NBB all 49 filings
Turnover
≈ €850,000
Estimated: probably between €510,000 and €1.5m
EBIT margin
Not included in this filing
Net result
-€90,473▼ 198%
2024 · -€30,383
Working capital
€579,803▼ 9.7%
2024 · €642,188
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€83,105
▼ 540%
2025
20182025
Net result
-€90,473
▼ 198%
2025
lowest quarter of the sector
20182025
Equity
€1.2m
▼ 6.8%
2025
middle half of the sector
20182025
Total assets
€3.3m
▼ 4.8%
2025
middle half of the sector
20182025
Debt
€2.0m
▼ 3.6%
2025
20182025
Working capital
€579,803
▼ 9.7%
2025
middle half of the sector
20182025
Solvency
38.0%
▼ 0.8pp
2025
middle half of the sector
20182025
Current ratio
1.29
▼ 0.02
2025
middle half of the sector
20182025
Return on assets (ROA)
-2.8%
▼ 1.9pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
11.6
▼ 10.8%
2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.05m-€0.06m▲ 17.2%€0.04m▼ 30.4%€0.04m▲ 3.4%€0.05m▲ 16.1%€0.04m▼ 8.8%-€0.01m-€0.08m▼ 540%
Net result€0.02m-€0.02m▲ 31.5%€0.002mbelow the sector's middle half▼ 91.1%€0.01mbelow the sector's middle half▲ 455%€0.02mwithin the sector's middle half▲ 66.0%€0.01mwithin the sector's middle half▼ 22.9%-€0.03mbelow the sector's middle half-€0.09mbelow the sector's middle half▼ 198%
Equity€0.7m-€0.7m▲ 2.9%€0.7mwithin the sector's middle half▲ 0.3%€0.7mwithin the sector's middle half▲ 1.4%€0.8mwithin the sector's middle half▲ 2.3%€0.8mwithin the sector's middle half▲ 1.7%€1.3mwithin the sector's middle half▲ 74.6%€1.2mwithin the sector's middle half▼ 6.8%
Total assets€2.8m-€2.7m▼ 2.3%€2.7mwithin the sector's middle half▼ 0.3%€2.6mwithin the sector's middle half▼ 5.9%€2.6mwithin the sector's middle half▲ 2.6%€2.7mwithin the sector's middle half▲ 2.7%€3.4mwithin the sector's middle half▲ 27.1%€3.3mwithin the sector's middle half▼ 4.8%
Debt€2.1m-€2.0m▼ 4.1%€2.0m▼ 0.4%€1.8m▼ 8.5%€1.9m▲ 2.8%€1.9m▲ 3.0%€2.1m▲ 8.4%€2.0m▼ 3.6%
Working capital€0.6m-€0.7m▲ 4.0%€0.7mwithin the sector's middle half▼ 0.3%€0.7mwithin the sector's middle half▼ 0.6%€0.7mwithin the sector's middle half▲ 2.1%€0.7mwithin the sector's middle half▲ 2.5%€0.6mwithin the sector's middle half▼ 8.0%€0.6mwithin the sector's middle half▼ 9.7%
Solvency25.0%-26.4%▲ 1.3pp26.5%within the sector's middle half▲ 0.1pp28.6%within the sector's middle half▲ 2.1pp28.5%within the sector's middle half▼ 0.1pp28.2%within the sector's middle half▼ 0.3pp38.8%within the sector's middle half▲ 10.6pp38.0%within the sector's middle half▼ 0.8pp
Current ratio1.33-1.36▲ 0.031.35within the sector's middle half=1.38within the sector's middle half▲ 0.031.37within the sector's middle half▼ 0.011.36within the sector's middle half▼ 0.011.31within the sector's middle half▼ 0.051.29within the sector's middle half▼ 0.02
Return on assets (ROA)0.6%-0.7%▲ 0.2pp0.1%below the sector's middle half▼ 0.7pp0.4%below the sector's middle half▲ 0.3pp0.6%below the sector's middle half▲ 0.2pp0.5%within the sector's middle half▼ 0.2pp-0.9%below the sector's middle half▼ 1.4pp-2.8%below the sector's middle half▼ 1.9pp
Staff (FTE)17-17=16.9within the sector's middle half▼ 0.6%15.2within the sector's middle half▼ 10.1%14.6within the sector's middle half▼ 3.9%13.8within the sector's middle half▼ 5.5%13within the sector's middle half▼ 5.8%11.6within the sector's middle half▼ 10.8%
above
within
below
The sector band is the middle half of the companies in Manufacture of machinery and equipment not elsewhere classified (NACE 28). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is a loss of €83,105, larger than the loss of €12,993 in 2024. It is the lowest result since 2021.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.3m
Fixed assets
€684,415 ▼ 5.2%
Current assets
€2.6m ▼ 4.8%
Equity and liabilities €3.3m
Equity
€1.2m ▼ 6.8%
Debt
€2.0m ▼ 3.6%
Debt's share of the balance-sheet total rises from 61.2% to 62.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€44,848▼
2024 · €25,807
Cash flow
-€52,216▼
2024 · €8,417
Quick ratio
0.77▼
2024 · 0.83
Debt to equity
1.63▲
2024 · 1.58
ROE
-7.3%▼
2024 · -2.3%
Interest coverage
-0.64▼
2024 · 0.35
Debt ≤ 1 year
€2.0m▼
2024 · €2.1m
Debt > 1 year
€21,750▼
2024 · €30,898
Income taxes
€372▼
2024 · €6,711
Staff costs
€374,814▼
2024 · €413,561
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 15 | 15 | 14 | 12 | 11 |
| full-time | 14 | 14 | 13 | 11 | 11 |
| part-time | 1 | 1 | 1 | 1 | - |
| in full-time equivalents | 14.6 | 14.6 | 13.6 | 11.6 | 11 |
| Average over the year, in full-time equivalents | 15.2 | 14.6 | 13.8 | 13 | 11.6 |
| On a permanent contract | 15 | 15 | 14 | 12 | 11 |
| Joined | 1 | - | 0 | 0 | 0 |
| Left | 3 | - | 1 | 2 | 1 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €15,467 | €3,392 | €417 | €81,730 | €1,021 |
| Depreciation and write-downs of the year | €33,457 | €31,890 | €32,087 | €38,800 | €38,257 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €368,324 | €394,201 | €456,911 | €413,561 | €374,814 | ▼ 9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,565 | €34,464 | €35,511 | €33,457 | €31,890 | €32,087 | €38,800 | €38,257 | ▼ 1.4% |
| Other operating charges640/8 | - | - | - | €26,345 | €25,256 | €31,239 | €37,296 | €31,227 | ▼ 16.3% |
| Gross operating margin9900 | €638,330 | €675,689 | €482,494 | €467,768 | €497,369 | €562,201 | €476,664 | €361,193 | ▼ 24.2% |
| Operating profit (loss)9901 | €47,002 | €55,085 | €38,350 | €39,642 | €46,022 | €41,964 | -€12,993 | -€83,105 | ▼ 540% |
| Financial income75/76B | - | - | - | €16,493 | €17,573 | €46,077 | €63,251 | €62,995 | ▼ 0.4% |
| Recurring financial income75 | €12,464 | €14,055 | €15,476 | €16,493 | €17,573 | €46,077 | €63,251 | €62,995 | ▼ 0.4% |
| Financial charges65/66B | - | - | - | €42,261 | €41,938 | €67,805 | €73,930 | €69,991 | ▼ 5.3% |
| Recurring financial charges65 | €43,712 | €45,252 | €42,160 | €42,261 | €41,938 | €67,805 | €73,930 | €69,991 | ▼ 5.3% |
| Profit (loss) for the period before taxes9903 | €15,754 | €23,888 | €11,666 | €13,874 | €21,657 | €20,236 | -€23,672 | -€90,101 | ▼ 281% |
| Income taxes67/77 | €163 | €3,387 | €9,834 | €3,708 | €4,777 | €7,228 | €6,711 | €372 | ▼ 94.5% |
| Profit (loss) for the period9904 | €15,591 | €20,501 | €1,832 | €10,166 | €16,880 | €13,008 | -€30,383 | -€90,473 | ▼ 198% |
| Profit (loss) for the period to be appropriated9905 | €15,591 | €20,501 | €1,832 | €10,166 | €16,880 | €13,008 | -€30,383 | -€90,473 | ▼ 198% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.8m | €2.7m | €2.7m | €2.6m | €2.6m | €2.7m | €3.4m | €3.3m | ▼ 4.8% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.08m | €0.7m | €0.7m | ▼ 5.2% |
| Tangible fixed assets22/27 | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | €0.07m | €0.7m | €0.7m | ▼ 5.2% |
| Land and buildings22 | - | - | - | - | - | - | €0.3m | €0.3m | = |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.01m | €0.007m | €0.006m | €0.003m | ▼ 47.5% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.04m | €0.02m | €0.06m | €0.04m | ▼ 25.1% |
| Other tangible fixed assets26 | - | - | - | €0.08m | €0.06m | €0.04m | €0.4m | €0.3m | ▼ 5.8% |
| Assets under construction and advance payments27 | - | - | - | €0.02m | - | - | - | - | - |
| Financial fixed assets28 | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.006m | €0.006m | = |
| Current assets29/58 | €2.6m | €2.6m | €2.6m | €2.4m | €2.5m | €2.6m | €2.7m | €2.6m | ▼ 4.8% |
| Stocks and contracts in progress3 | €1.4m | €1.1m | €1.1m | €0.9m | €0.8m | €0.8m | €1.0m | €1.0m | ▲ 4.8% |
| Stocks30/36 | - | - | - | €0.9m | €0.8m | €0.8m | €1.0m | €1.0m | ▲ 4.8% |
| Amounts receivable within one year40/41 | €1.0m | €1.2m | €1.1m | €1.2m | €1.4m | €1.5m | €1.5m | €1.3m | ▼ 15.5% |
| Trade receivables40 | - | - | - | €0.8m | €0.9m | €0.9m | €0.8m | €0.7m | ▼ 9.7% |
| Other amounts receivable41 | - | - | - | €0.4m | €0.5m | €0.6m | €0.7m | €0.6m | ▼ 22.0% |
| Cash at bank and in hand54/58 | €0.05m | €0.04m | €0.1m | €0.05m | €0.05m | €0.08m | €0.01m | €0.05m | ▲ 438% |
| Deferred charges and accrued income490/1 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 4.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.8m | €2.7m | €2.7m | €2.6m | €2.6m | €2.7m | €3.4m | €3.3m | ▼ 4.8% |
| Equity10/15 | €0.7m | €0.7m | €0.7m | €0.7m | €0.8m | €0.8m | €1.3m | €1.2m | ▼ 6.8% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Revaluation surpluses12 | - | - | - | - | - | - | €0.6m | €0.6m | = |
| Reserves13 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Non-distributable reserves130/1 | - | - | - | €0.02m | €0.03m | €0.03m | €0.03m | €0.03m | = |
| Legal reserve130 | - | - | - | €0.02m | €0.02m | €0.03m | €0.03m | €0.03m | = |
| Other1319 | - | - | - | €308 | €308 | €308 | €308 | €308 | = |
| Tax-exempt reserves132 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Profit (loss) carried forward14 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0.07m | ▼ 56.7% |
| Amounts payable17/49 | €2.1m | €2.0m | €2.0m | €1.8m | €1.9m | €1.9m | €2.1m | €2.0m | ▼ 3.6% |
| Amounts payable after more than one year17 | €0.1m | €0.1m | €0.1m | €0.08m | €0.05m | €0.02m | €0.03m | €0.02m | ▼ 29.6% |
| Financial debts170/4 | - | - | - | €0.08m | €0.05m | €0.02m | €0.03m | €0.02m | ▼ 29.6% |
| Amounts payable within one year42/48 | €2.0m | €1.9m | €1.9m | €1.8m | €1.8m | €1.9m | €2.1m | €2.0m | ▼ 3.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.03m | €0.03m | €0.03m | €0.03m | €0.009m | ▼ 67.1% |
| Financial debts43 | - | - | - | €1.1m | €1.2m | €1.1m | €1.1m | €0.9m | ▼ 15.1% |
| Credit institutions430/8 | - | - | - | €1.1m | €1.2m | €1.1m | €1.1m | €0.9m | ▼ 15.1% |
| Trade debts44 | €0.5m | €0.4m | €0.4m | €0.5m | €0.5m | €0.7m | €0.9m | €1.0m | ▲ 13.8% |
| Suppliers440/4 | - | - | - | €0.5m | €0.5m | €0.7m | €0.9m | €1.0m | ▲ 13.8% |
| Taxes, remuneration and social security45 | - | - | - | €0.09m | €0.09m | €0.06m | €0.04m | €0.03m | ▼ 37.5% |
| Taxes450/3 | - | - | - | €0.06m | €0.06m | €0.04m | €0.03m | €0.01m | ▼ 53.2% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.02m | €0.02m | €0.01m | €0.01m | = |
| Other amounts payable47/48 | - | - | - | €0.003m | €0.003m | €0.001m | €0.01m | €0.02m | ▲ 21.7% |
| Accrued charges and deferred income492/3 | - | - | - | €347 | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,591 | €20,501 | €1,832 | €10,166 | €16,880 | €13,008 | -€30,383 | -€90,473 | ▼ 198% |
| + Depreciation and write-downs630 | €37,565 | €34,464 | €35,511 | €33,457 | €31,890 | €32,087 | €38,800 | €38,257 | ▼ 1.4% |
| Operating cash flow (approximation) | €53,156 | €54,965 | €37,343 | €43,623 | €48,770 | €45,095 | €8,417 | -€52,216 | - |
| Investment in fixed assets (approximation) | - | -€33,583 | -€17,184 | -€15,362 | -€3,392 | -€417 | -€676,246 | -€1,021 | ▲ 99.8% |
| Change in cash | - | -€9,910 | €60,207 | -€50,373 | €2,527 | €22,801 | -€67,501 | €43,827 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 8,617 companies had the same profile as Cornix has now. Two years later, 94.1% were still going and 0.4% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a small loss
94.1%
was still going
5.2%
stopped otherwise
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Cornix itself is higher: 0.9% within 12 months. It rests on far more data about Cornix than the profile alone.
Test of the method
The method was tested on the 497,446 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 8,617 companies, not a prediction for Cornix. 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.
Latest 10 of 49 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 26-08-2026 | 2026-00427194 | |
| 31-12-2024 | full format | 31-08-2025 | 2025-00453687 | |
| 31-12-2023 | full format | 27-07-2024 | 2024-00296728 | |
| 31-12-2022 | full format | 25-07-2023 | 2023-00266494 | |
| 31-12-2021 | full format | 30-08-2022 | 2022-20345643 | |
| 31-12-2020 | full format | 28-08-2021 | 2021-55800196 | |
| 31-12-2019 | full format | 30-07-2020 | 2020-36600400 | |
| 31-12-2018 | full format | 30-07-2019 | 2019-40500566 | |
| 31-12-2017 | full format | 29-07-2018 | 2018-39100496 | |
| 31-12-2016 | full format | 30-08-2017 | 2017-50500303 |
Board & ownership
Directors
Directors
1 director, 2 in day-to-day management, last change in 2022
Board 1
Jean LEGA
Current
Chair · appointed in the act of 27-10-2022 · earlier director, from 10-05-2022 to 27-10-2022 · listed in the 2025 annual accounts, filed on 26-08-2026
Day-to-day management 2
Jean Claude DEPUYDT
Current
Managing director · appointed in the act of 27-10-2022 · earlier director, from 10-05-2022 to 27-10-2022
Jean LEGA
Current
Managing director · appointed in the act of 27-10-2022
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Le conseil d’administration fixe les attributions et rémunérations éventuelles pour les délégués à la gestion journalière. Il peut révoquer…”
deed of 08-01-2024Owners and capital
Shareholders
1 ownerOwners 1
- Sourceaccounts SERITRA 2022Equity €142,123 Profit of €16,419 in 2025 (profit of €27,298 in 2024) Checked score 6329%
Capital transactions
Capital over time
- 08-01-2024 Capital stated in the deed · €250,000 · 10,000 shares
Mandate history
4 people, 2 in office
- Board
- Day-to-day management
| Name | Functions and periods |
|---|---|
| Jean LEGA |
|
| Jean Claude DEPUYDT |
|
| Marie-Ange GODDAERT |
|
| SINGA INVEST |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Six ans, 3”
Articles of association, deed of 08-01-2024 (in French)
Network & group
Connections & network
1 current directorThe network starts from the directors of Cornix. Every other company they run is a node.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Timeline
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
26-08
full format · 26 days late
2025
31-12
Financial
Weakest financial yearnet -€90,473
The net result drops to -€90,473, the lowest from 2018 to 2025.
31-08
full format · 31 days late
2024
31-12
Financial
Equity above €1mequity €1.3m ▲74.6%
Equity rises from €763,324 to €1.3m.
27-07
full format · 4 days before the deadline
08-01
Gazette deed
Amendment of the articlesRegistered office clause · Capital · Power of attorney4 points ▸
Gazette deed
Amendment of the articles
Registered office clause · Capital · Power of attorney4 points ▸
- Amendment of the articles, mentioned 2 times in the deed
- Registered office clause, “6042 Charleroi (Lodelinsart),Chaussée de Bruxelles 328, DEUXIÈME RÉSOLUTION” (deed in French)
- Capital, €250,000
- Power of attorney, Sofie Vermeersch
2023
25-07
full format · 6 days before the deadline
2022
27-10
Gazette deed
7 directors appointed, 4 directors resigningResignations: Jean LEGA, Jean Claude DEPUYDT and 2 others · Permanent representatives: Jean Claude DEPUYDT and Fabienne DEPUYDт · Appointments: Jean LEGA, Jean Claude DEPUYDT and 2 others15 points ▸
Gazette deed
7 directors appointed, 4 directors resigning
Resignations: Jean LEGA, Jean Claude DEPUYDT and 2 others · Permanent representatives: Jean Claude DEPUYDT and Fabienne DEPUYDт · Appointments: Jean LEGA, Jean Claude DEPUYDT and 2 others15 points ▸
- General meeting, 10-05-2022
- Director resignation, Jean LEGA (director)
- Director resignation, Jean Claude DEPUYDT (director)
- Director resignation, Marie-Ange GODDAERT (director)
- Director resignation, SINGA INVEST (director)
- Permanent representative, Jean Claude DEPUYDT (director)
- Director appointment, Jean LEGA (director)
- Director appointment, Jean Claude DEPUYDT (director)
- Director appointment, Marie-Ange GODDAERT (director)
- Director appointment, SINGA INVEST (director)
- Permanent representative, Fabienne DEPUYDт (director)
- Board meeting, 10-05-2022
- The act holds 3 more points.
30-08
full format · 30 days late
2021
28-08
full format · 28 days late
2020
30-07
full format · 1 day before the deadline
2019
31-12
Financial
Highest result from 2018 to 2025net €20,501 ▲31.5%
The operating result of €55,085 and the net result of €20,501 are both a record.
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
Cornix in French
Enterprise number
0401.585.146
Legal form
Public limited company
Status
Active, normale toestand
Founded
01-01-1968
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 08-01-2024 (in French)Registered office and establishments
Registered office
Chaussée de Bruxelles 328, 6042 Charleroi, Belgium
Establishment units
Chaussée de Bruxelles 328, 6042 Charleroi since 27-01-1958 · unit number 2.012.409.8072599901 Manufacture of fabricated metal products, except machinery and equipment
CORNIX, Rue de la Recherche 6A, 1400 Nivelles since 01-04-2016 · unit number 2.250.804.33131001 Manufacture of furniture
Website
www.cornix.beNivelles
E-mail
sales@cornix.beNivelles
Phone
067/411240Nivelles
Fax
067/411249Nivelles
Activities
NACEBEL 2025VAT activities
28220
Manufacture of machinery and equipment not elsewhere classified main activity
25999
Manufacture of fabricated metal products, except machinery and equipment
47300
Retail sale of automotive fuel
Social security (RSZ) activities
31001
Manufacture of furniture main activity
Codes under NACEBEL 2008
VAT activities
28220
Manufacture of machinery and equipment not elsewhere classified main activity
25999
Manufacture of fabricated metal products, except machinery and equipment
47300
Retail trade
Social security (RSZ) activities
31010
Manufacture of furniture main activity
Codes under NACEBEL 2003
VAT activities
29220
main activity
28755
50500
Social security (RSZ) activities
36121
main activity
Joint committees
149.04 Paritair Subcomité voor de metaalhandel
200 Aanvullend Paritair Comité voor de bedienden annual accounts 2023
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 08-01-2024 (in French)
“La société a pour objet la fabrication,le négoce et la représentation de produits de stockage et de manutention,mobiliers métalliques et…”
2 activities
- La société a pour objet la fabrication,le négoce et la représentation de produits de stockage et de manutention,mobiliers métalliques et produit annexes,ainsi que l'achat et la vente d'accessoires automobiles,la fabrication et la vente d'accessoires hydrauliques,l'achat et la vente de tous lubrifiants,la vente par correspondance de tous ces produits ainsi que toutes opérations commerciales,industrielles,financières,mobilières ou immobilières de nature à favoriser la réalisation du dit objet.
- L'exercice du mandat d'administateur,quelque soit le but de la société.
Invoicing and payment
VAT number
BE 0401.585.146
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Tuesday of May at 16:00
deed of 08-01-2024 (in French)Sites & property
Location
Buildings and parcels at the addresses
Ground area
1.1 ha
Building footprint
4,868 m²
Building volume
31,750 m³
Tallest building: 22.6 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 52040C0254/00A012 | Wallonia | 6,149 m² | 1 · 204 m² | 22.6 m · 7 |
| 25782C0585/00R000 | Wallonia | 4,956 m² | 1 · 4,664 m² | 9.5 m · 2 |