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JM CORNET CONSTRUCT

Active
Private limited company (pre-2019)founded 20188 yrs activeVoie de Saive(EVE) 4, 4630 Soumagne, BelgiumKBO/BCE: BE 0695.722.107
Summary

The computed 12-month bankruptcy probability of JM CORNET CONSTRUCT is 3.8% (moderate). The latest annual accounts of JM CORNET CONSTRUCT were filed more than 90 days after the deadline. The 2019 annual accounts show equity of €3,889 and a net result of -€8,511. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

No current score
Figures too old
The available figures for FY 2019 are too old to assess current financial health.
Filing: Filed more than 90 days late
Axes, FY 2019
Profitability48
Solvency27
Growth-
Track record85
Bankruptcy probability, 12 months
3.8% Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk
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 2019
Solvency, return and age of the figures
Solvency
1.8%
Return on assets
-3.9%
Age of the figures
81 mo
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 8 years 0 10 y
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2019 was due by 31-07-2020 and was filed on 25-11-2020, 117 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 1 filing
Deviation from the deadline
2019
117 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its 2019 accounts 117 days after the deadline; the Belgian median for financial year 2019 is on the deadline day, and 49% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

JM CORNET CONSTRUCT was incorporated on 4 May 2018.1 The company has filed annual accounts once, for fiscal year 2019.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019

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Financials · fiscal year 2019, micro schema

Turnover
€145,064
EBIT margin
5.8%
Net result
-€8,511
Working capital
-€2,258

Turnover and EBIT margin not published: the micro schema does not require them.

Balance-sheet composition
Assets €216,597
Fixed assets €20,255
Current assets €196,342
Equity and liabilities €216,597
Equity €3,889
Debt €212,708
Debt finances 98.2% of the balance-sheet total.
Key figures and ratios
2019 value
EBITDA
€17,530
Cash flow
€630
Current ratio
0.99
Debt to equity
3.63
ROE
-218.8%
ROA
-3.9%
Debt ≤ 1 year
€198,600
Debt > 1 year
€14,108
Annual accounts
Filed annual accounts As filed with the NBB · 2019 · 22 lines
Balance sheet Code2019
Assets
Total assets20/58€216,597
Formation expenses20€0
Fixed assets21/28€20,255
Intangible fixed assets21€0
Tangible fixed assets22/27€20,255
Current assets29/58€196,342
Amounts receivable within one year40/41€196,342
Equity and liabilities
Total equity and liabilities10/49€216,597
Equity10/15€3,889
Contributions10/11€12,400
Profit (loss) carried forward14-€8,511
Amounts payable17/49€212,708
Amounts payable after more than one year17€14,108
Amounts payable within one year42/48€198,600
Income statement Code2019
Turnover70€145,064
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,141
Gross operating margin9900€18,047
Operating profit (loss)9901€8,389
Recurring financial charges65€16,900
Profit (loss) for the period before taxes9903-€8,511
Profit (loss) for the period9904-€8,511
Profit (loss) for the period to be appropriated9905-€8,511
Line2019
Turnover70€145,064
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,141
Gross operating margin9900€18,047
Operating profit (loss)9901€8,389
Recurring financial charges65€16,900
Profit (loss) for the period before taxes9903-€8,511
Profit (loss) for the period9904-€8,511
Profit (loss) for the period to be appropriated9905-€8,511
Line2019
Assets
Total assets20/58€216,597
Formation expenses20€0
Fixed assets21/28€20,255
Intangible fixed assets21€0
Tangible fixed assets22/27€20,255
Current assets29/58€196,342
Amounts receivable within one year40/41€196,342
Equity and liabilities
Total equity and liabilities10/49€216,597
Equity10/15€3,889
Contributions10/11€12,400
Profit (loss) carried forward14-€8,511
Amounts payable17/49€212,708
Amounts payable after more than one year17€14,108
Amounts payable within one year42/48€198,600
Line2019
Profit (loss) for the period9904-€8,511
+ Depreciation and write-downs630€9,141
Operating cash flow (approximation)€630

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2020
25-11
NBB filing Annual accounts filed
fiscal year 2019 · micro schema · 117 days late
NBB filing
0 of 3 acts read
About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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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, Soumagne
approximate (street level) On OpenStreetMap
Ground area
1,663 m²
Building footprint
162 m²
Volume, LiDAR
936 m³
Parcel 62033C0120/00B002, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Wallonia 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
62033C0120/00B002 Wallonia 1,663 m² 1 · 162 m² 7.9 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded04-05-2018
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

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Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.