L.CORNELIS
ActiveL.CORNELIS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.27M and a net result of €299k. Equity is growing by ~12.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 12665 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-7
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 39.1 against 17.14 in 2024; short-term debt: 2.5% and cash: 7.6% of total assets), and 2.5% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.5%
Return on assets
12.9%
Age of the figures
16 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-05-2025 was due by 31-12-2025 and was filed on 18-12-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
13 d early
2024
8 d early
2023
13 d early
2022
106 d early
2021
95 d early
2020
97 d early
2019
84 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-05-2026 and is due by 31-12-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-05-2026 close18-09-2026 today31-12-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.27M▲ 15.2%
2024 · €1.97M
2019: €1.09M
2020: €1.13M
2021: €1.43M
2022: €1.53M
2023: €1.58M
2024: €1.97M
2019 → 2025
Total assets
€2.32M▲ 11.4%
2024 · €2.09M
2019: €1.62M
2020: €1.55M
2021: €1.58M
2022: €1.70M
2023: €1.67M
2024: €2.09M
2019 → 2025
Net result
€299k▼ 23.2%
2024 · €390k
2019: €199k
2020: €203k
2021: €305k
2022: €285k
2023: €368k
2024: €390k
2019 → 2025
Working capital
€2.25M▲ 16.3%
2024 · €1.93M
2019: €1.46M
2020: €1.28M
2021: €1.46M
2022: €1.49M
2023: €1.53M
2024: €1.93M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.43M-€1.53M▲ 7.0%€1.58M▲ 2.9%€1.97M▲ 24.7%€2.27M▲ 15.2%
Operating result€393k-€359k▼ 8.8%€470k▲ 31.2%€497k▲ 5.7%€366k▼ 26.4%
Net result€305k-€285k▼ 6.7%€368k▲ 29.4%€390k▲ 5.8%€299k▼ 23.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 26% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.32M
Fixed assets
€20k▼ 43.5%
Current assets
€2.30M▲ 12.4%
Equity and liabilities €2.32M
Equity
€2.27M▲ 15.2%
Debt
€59k▼ 50.7%
The debt ratio falls from 5.7% to 2.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€382k▼
2024 · €513k
Cash flow
€315k▼
2024 · €405k
Solvency
97.5%▲
2024 · 94.3%
Current ratio
39.10▲
2024 · 17.14
Quick ratio
39.10▲
2024 · 17.14
Debt / equity
0.03▼
2024 · 0.06
ROE
13.2%▼
2024 · 19.8%
ROA
12.9%▼
2024 · 18.7%
Interest coverage
3071.06▼
2024 · 4877.18
Debt
€59k▼
2024 · €120k
Debt ≤ 1 year
€59k▼
2024 · €120k
Income taxes
€144k▼
2024 · €178k
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€2.09M€2.32M▲
Fixed assets21/28€36k€20k▼
Tangible fixed assets22/27€36k€20k▼
Plant, machinery and equipment23€4k€4k▼
Furniture and vehicles24€31k€16k▼
Current assets29/58€2.05M€2.30M▲
Amounts receivable after more than one year29€1.75M€1.79M▲
Other amounts receivable291€1.75M€1.79M▲
Amounts receivable within one year40/41€52k€82k▲
Trade receivables40€52k€77k▲
Other amounts receivable41-€5k
Current investments50/53-€250k
Cash at bank and in hand54/58€243k€176k▼
Deferred charges and accrued income490/1€953€2k▲
Equity and liabilities
Total equity and liabilities10/49€2.09M€2.32M▲
Equity10/15€1.97M€2.27M▲
Contributions10/11€19k€19k=
Reserves13€1.95M€2.25M▲
Tax-exempt reserves132€14k€14k=
Distributable reserves133€1.93M€2.23M▲
Amounts payable17/49€120k€59k▼
Amounts payable within one year42/48€120k€59k▼
Trade debts44€1k€1k▲
Suppliers440/4€1k€1k▲
Taxes, remuneration and social security45€104k€38k▼
Taxes450/3€104k€28k▼
Remuneration and social security454/9-€10k
Other amounts payable47/48€14k€20k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k▼
Other operating charges640/8€11k€2k▼
Gross operating margin9900€524k€384k▼
Operating profit (loss)9901€497k€366k▼
Financial income75/76B€71k€77k▲
Recurring financial income75€71k€77k▲
Financial charges65/66B€105€124▲
Recurring financial charges65€105€124▲
Profit (loss) for the period before taxes9903€568k€443k▼
Income taxes67/77€178k€144k▼
Profit (loss) for the period9904€390k€299k▼
Profit (loss) for the period to be appropriated9905€390k€299k▼
Appropriation of the result
Profit (loss) to be appropriated9906€390k€299k▼
Transfer to equity691/2€390k€299k▼
To other reserves6921€390k€299k▼
The notes to these accounts (4 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
2025
18-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-05
Financial
Liquidity doublescurrent ratio 39.10
Current ratio from 17.14 to 39.10; short-term debt falls from €120k to €59k.
31-05
Financial
Equity above €2MEq €2.27M ▲15.2%
7 profitable years in a row build equity to €2.27M.
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-05
Financial
Highest result since 2019net €390k ▲5.8%
Operating result €497k, net result €390k, both a record.
31-01
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose
30-01
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose · Ward BULTEREYS
30-01
State Gazette act
General meeting · Statutes amendment
Corporate purpose · Capital
30-01
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose
30-01
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose · Ward BULTEREYS
29-01
State Gazette act
General meeting · Statutes amendment
Capital · Corporate purpose
2023
18-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
16-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
31-05
Financial
Liquidity doublescurrent ratio 14.31
Current ratio from 6.00 to 14.31; short-term debt falls from €255k to €110k.
2020
25-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
14-05
State Gazette act
General meeting · Auditor appointment
2017
04-10
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB 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, Poperinge · 1 establishment unit since 2010
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.
Blokstraat 278972 PoperingeGround area
1,477 m²
Building footprint
175 m²
Volume, LiDAR
731 m³
Parcel 33022B0692/00D000, Flanders · tallest building 5.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Blokstraat 27, 8972 Poperinge
since 20102.390.031.302
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33022B0692/00D000 | Flanders | 1,477 m² | 1 · 175 m² | 5.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
1 connected companyNetwork connections
Shared address
→
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Of 944 companies in sector 69203 we hold annual accounts for 659. 317 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-07-2006
Fiscal year end31-05
Activities, NACEBEL
69203Activities of company auditors
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.