J. CORNELIS
ActiveJ. CORNELIS has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3k) and a net result of €-11k. Equity is shrinking by ~25.5% per year across the filed fiscal years. Its solvency ranks better than 7% of 7760 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
38
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability19▲+19
Solvency23▼-6
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity tight (current ratio 1.0 against 0.98 in 2024; short-term debt: 95.5% and cash: 12.8% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-1.9%
Return on assets
-6.1%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-3k
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
2 d early
2023
on the day
2022
3 d early
2021
5 d late
2020
18 d late
2019
39 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€-3k
2024 · €8k
2018: €246k
2019: €175k
2020: €177k
2021: €198k
2022: €106k
2023: €37k
2024: €8k
2018 → 2025
Total assets
€180k▼ 0.4%
2024 · €181k
2018: €393k
2019: €342k
2020: €345k
2021: €450k
2022: €278k
2023: €211k
2024: €181k
2018 → 2025
Net result
€-11k▲ 62.8%
2024 · €-29k
2018: €-15k
2019: €-71k
2020: €2k
2021: €49k
2022: €-93k
2023: €-68k
2024: €-29k
2018 → 2025
Working capital
€148
2024 · €-4k
2018: €198k
2019: €135k
2020: €135k
2021: €143k
2022: €64k
2023: €9k
2024: €-4k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€198k-€106k▼ 46.8%€37k▼ 64.9%€8k▼ 79.5%€-3k
Operating result€56k-€-91k€-67k▲ 26.4%€-28k▲ 58.3%€-9k▲ 68.4%
Net result€49k-€-93k€-68k▲ 26.2%€-29k▲ 56.9%€-11k▲ 62.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €28k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €180k
Fixed assets
€8k▼ 57.8%
Current assets
€172k▲ 6.2%
Key figures and ratios
EBITDA
€2k▲
2024 · €-16k
Cash flow
€-181▲
2024 · €-18k
Solvency
-1.9%▼
2024 · 4.2%
Current ratio
1.00▲
2024 · 0.98
Quick ratio
0.83▲
2024 · 0.74
Debt / equity
-54.29▼
2024 · 22.76
ROA
-6.1%▲
2024 · -16.3%
Interest coverage
0.91▲
2024 · -10.36
Debt
€183k▲
2024 · €173k
Debt ≤ 1 year
€172k▲
2024 · €166k
Staff costs
€109k▲
2024 · €81k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€181k€180k▼
Fixed assets21/28€19k€8k▼
Tangible fixed assets22/27€19k€8k▼
Plant, machinery and equipment23€2k€1k▼
Furniture and vehicles24€7k€2k▼
Other tangible fixed assets26€10k€5k▼
Current assets29/58€162k€172k▲
Stocks and contracts in progress3€39k€29k▼
Stocks30/36€24k€29k▲
Contracts in progress37€15k€0▼
Amounts receivable within one year40/41€73k€110k▲
Trade receivables40€70k€107k▲
Other amounts receivable41€3k€3k▼
Cash at bank and in hand54/58€42k€23k▼
Deferred charges and accrued income490/1€8k€9k▲
Equity and liabilities
Total equity and liabilities10/49€181k€180k▼
Equity10/15€8k€-3k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€56k€56k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€50k€50k=
Profit (loss) carried forward14€-110k€-121k▼
Amounts payable17/49€173k€183k▲
Amounts payable within one year42/48€166k€172k▲
Trade debts44€29k€34k▲
Suppliers440/4€29k€34k▲
Taxes, remuneration and social security45€13k€10k▼
Taxes450/3€0-
Remuneration and social security454/9€13k€10k▼
Other amounts payable47/48€124k€127k▲
Accrued charges and deferred income492/3€7k€11k▲
Income statement
Code20242025
Remuneration, social security and pensions62€81k€109k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€11k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€1k▲
Other operating charges640/8€2k€1k▼
Gross operating margin9900€68k€114k▲
Operating profit (loss)9901€-28k€-9k▲
Financial income75/76B€6€2▼
Recurring financial income75€6€2▼
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€-29k€-11k▲
Profit (loss) for the period9904€-29k€-11k▲
Profit (loss) for the period to be appropriated9905€-29k€-11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-110k€-121k▼
Profit (loss) brought forward from the previous period14P€-81k€-110k▼
The notes to these accounts (3 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 · abbreviated schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-93k ▼290%
Net result drops to €-93k, the lowest in the series; recovery starts the following year.
05-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 5 days late
2021
31-12
Financial
Highest result since 2018net €49k ▲1869%
Operating result €56k, net result €49k, both a record.
18-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 18 days late
2020
31-12
Financial
Back to profitnet €2k
Net result €2k after 2 loss-making years.
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Putte · 1 establishment unit since 1977
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.
Mechelbaan 6072580 PutteGround area
4,904 m²
Building footprint
1,291 m²
Volume, LiDAR
8,968 m³
2 parcels, Flanders · tallest building 8.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Mechelbaan 609, 2580 Putte
since 19772.013.729.106
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029D0031/00R000 | Flanders | 4,348 m² | 1 · 1,028 m² | 8.5 m · 2 fl. |
| 12029D0031/00L000 | Flanders | 556 m² | 1 · 263 m² | 8.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 179 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 179 EUR | 0 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 22,826 companies in sector 43211 we hold annual accounts for 10,327. 4,748 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded13-01-1977
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationGeneral meeting
Verslag raad van bestuur. Goedkeuring jaarrekening. Bestem- ming resultaat. Kwijting bestuurders. Benoeming bestuurders. Allerlei.