MARCEL CORNILLE
ActiveSummary
MARCEL CORNILLE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €496,236 and a net result of -€88,664. Equity remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 86% of 4600 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-74
Solvency100=
Growth32▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 4.45 against 3.9 in 2024; short-term debt: 21.7% and cash: 6.5% of total assets), and 21.7% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 30-09-2025 was due by 30-04-2026 and was filed on 28-04-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
2 d early
2023
7 d early
2022
4 d early
2021
1 d early
2020
4 d early
2019
10 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 28 April (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 close01-10-2026 today30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#2 oldest company in Rotselaar, Administrative and support services sector#10 company by equity in Rotselaar, Administrative and support services sector
Equity
€496,236▼ 15.2%
2024 · €584,901
Total assets
€633,479▼ 18.3%
2024 · €775,708
Net result
-€88,664
2024 · €41,297
Working capital
€473,456▼ 14.5%
2024 · €554,008
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€44,148-€34,371▲ 22.1%€16,156€46,282▲ 186%-€87,015
Net result-€44,509below the sector's middle half-€37,888below the sector's middle half▲ 14.9%€15,783within the sector's middle half€41,297above the sector's middle half▲ 162%-€88,664below the sector's middle half
Equity€566,335above the sector's middle half▼ 7.3%€527,820above the sector's middle half▼ 6.8%€543,603above the sector's middle half▲ 3.0%€584,901above the sector's middle half▲ 7.6%€496,236above the sector's middle half▼ 15.2%
Total assets€875,042above the sector's middle half▲ 1.0%€680,610above the sector's middle half▼ 22.2%€661,775above the sector's middle half▼ 2.8%€775,708above the sector's middle half▲ 17.2%€633,479above the sector's middle half▼ 18.3%
Debt€308,707▲ 20.7%€152,789▼ 50.5%€118,172▼ 22.7%€190,808▲ 61.5%€137,243▼ 28.1%
Working capital€560,536above the sector's middle half▼ 7.1%€482,735above the sector's middle half▼ 13.9%€502,944above the sector's middle half▲ 4.2%€554,008above the sector's middle half▲ 10.2%€473,456above the sector's middle half▼ 14.5%
Solvency64.7%above the sector's middle half▼ 5.8pp77.6%above the sector's middle half▲ 12.8pp82.1%above the sector's middle half▲ 4.6pp75.4%above the sector's middle half▼ 6.7pp78.3%above the sector's middle half▲ 2.9pp
Current ratio2.82above the sector's middle half▼ 0.544.16above the sector's middle half▲ 1.345.26above the sector's middle half▲ 1.103.90above the sector's middle half▼ 1.354.45above the sector's middle half▲ 0.55
Return on assets (ROA)-5.1%below the sector's middle half▼ 7.6pp-5.6%below the sector's middle half▼ 0.5pp2.4%within the sector's middle half▲ 8.0pp5.3%within the sector's middle half▲ 2.9pp-14.0%below the sector's middle half▼ 19.3pp
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €87,015 after €46,282 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €633,479
Fixed assets
€22,781 ▼ 26.3%
Current assets
€610,699 ▼ 18.0%
Equity and liabilities €633,479
Equity
€496,236 ▼ 15.2%
Debt
€137,243 ▼ 28.1%
Debt's share of the balance-sheet total falls from 24.6% to 21.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€76,337▼
2024 · €56,621
Cash flow
-€77,987▼
2024 · €51,636
Quick ratio
1.02▼
2024 · 2.19
Debt to equity
0.28▼
2024 · 0.33
ROE
-17.9%▼
2024 · 7.1%
Interest coverage
-172.96▼
2024 · 162.08
Debt ≤ 1 year
€137,243▼
2024 · €190,808
Income taxes
€1,208▼
2024 · €4,636
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.8%
stopped otherwise
90%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 928 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €10,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,414 | €6,950 | €9,798 | €10,339 | €10,677 | ▲ 3.3% |
| Other operating charges640/8 | €1,339 | €2,412 | €2,595 | €2,660 | €1,947 | ▼ 26.8% |
| Gross operating margin9900 | -€41,396 | -€25,009 | €28,550 | €59,281 | -€74,390 | ▼ 225% |
| Operating profit (loss)9901 | -€44,148 | -€34,371 | €16,156 | €46,282 | -€87,015 | ▼ 288% |
| Financial income75/76B | €0 | €737 | - | - | - | - |
| Recurring financial income75 | €0 | €737 | - | - | - | - |
| Financial charges65/66B | €216 | €180 | -€935 | €349 | €441 | ▲ 26.3% |
| Recurring financial charges65 | €216 | €180 | -€935 | €349 | €441 | ▲ 26.3% |
| Profit (loss) for the period before taxes9903 | -€44,364 | -€33,814 | €17,091 | €45,933 | -€87,456 | ▼ 290% |
| Income taxes67/77 | €145 | €4,074 | €1,308 | €4,636 | €1,208 | ▼ 73.9% |
| Profit (loss) for the period9904 | -€44,509 | -€37,888 | €15,783 | €41,297 | -€88,664 | ▼ 315% |
| Profit (loss) for the period to be appropriated9905 | -€44,509 | -€37,888 | €15,783 | €41,297 | -€88,664 | ▼ 315% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €875,042 | €680,610 | €661,775 | €775,708 | €633,479 | ▼ 18.3% |
| Fixed assets21/28 | €5,799 | €45,085 | €40,659 | €30,893 | €22,781 | ▼ 26.3% |
| Tangible fixed assets22/27 | €5,018 | €44,304 | €39,878 | €30,111 | €21,999 | ▼ 26.9% |
| Plant, machinery and equipment23 | - | - | €5,131 | €4,612 | €3,423 | ▼ 25.8% |
| Furniture and vehicles24 | €5,018 | €44,304 | €34,747 | €25,500 | €18,576 | ▼ 27.2% |
| Financial fixed assets28 | €781 | €781 | €781 | €781 | €781 | = |
| Current assets29/58 | €869,243 | €635,525 | €621,116 | €744,815 | €610,699 | ▼ 18.0% |
| Stocks and contracts in progress3 | €397,767 | €396,442 | €373,035 | €326,827 | €471,124 | ▲ 44.2% |
| Stocks30/36 | €397,767 | €396,442 | €373,035 | €326,827 | €471,124 | ▲ 44.2% |
| Amounts receivable within one year40/41 | €83,433 | €50,476 | €40,130 | €320,018 | €97,114 | ▼ 69.7% |
| Trade receivables40 | - | - | - | €225,000 | €0 | ▼ 100% |
| Other amounts receivable41 | €83,433 | €50,476 | €40,130 | €95,018 | €97,114 | ▲ 2.2% |
| Cash at bank and in hand54/58 | €387,221 | €187,156 | €205,053 | €95,058 | €41,045 | ▼ 56.8% |
| Deferred charges and accrued income490/1 | €822 | €1,452 | €2,899 | €2,913 | €1,416 | ▼ 51.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €875,042 | €680,610 | €661,775 | €775,708 | €633,479 | ▼ 18.3% |
| Equity10/15 | €566,335 | €527,820 | €543,603 | €584,901 | €496,236 | ▼ 15.2% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Capital10 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Issued capital100 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Reserves13 | €446,146 | €446,146 | €469,235 | €510,532 | €421,868 | ▼ 17.4% |
| Non-distributable reserves130/1 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Legal reserve130 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Tax-exempt reserves132 | €5,200 | €5,200 | - | - | - | - |
| Distributable reserves133 | €433,510 | €433,510 | €461,799 | €503,096 | €414,431 | ▼ 17.6% |
| Profit (loss) carried forward14 | €45,821 | €7,306 | €0 | - | - | - |
| Amounts payable17/49 | €308,707 | €152,789 | €118,172 | €190,808 | €137,243 | ▼ 28.1% |
| Amounts payable within one year42/48 | €308,707 | €152,789 | €118,172 | €190,808 | €137,243 | ▼ 28.1% |
| Financial debts43 | €70,243 | - | - | - | - | - |
| Credit institutions430/8 | €70,243 | - | - | - | - | - |
| Trade debts44 | €233,824 | €151,791 | €116,863 | €184,357 | €86,060 | ▼ 53.3% |
| Suppliers440/4 | €233,824 | €151,791 | €116,863 | €184,357 | €86,060 | ▼ 53.3% |
| Advances received on contracts in progress46 | - | - | - | - | €49,975 | - |
| Taxes, remuneration and social security45 | €4,641 | €999 | €1,308 | €6,390 | €1,208 | ▼ 81.1% |
| Taxes450/3 | €4,641 | €999 | €1,308 | €6,390 | €1,208 | ▼ 81.1% |
| Other amounts payable47/48 | - | - | - | €60 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€44,509 | -€37,888 | €15,783 | €41,297 | -€88,664 | ▼ 315% |
| + Depreciation and write-downs630 | €1,414 | €6,950 | €9,798 | €10,339 | €10,677 | ▲ 3.3% |
| Operating cash flow (approximation) | -€43,096 | -€30,938 | €25,581 | €51,636 | -€77,987 | ▼ 251% |
| Investment in fixed assets (approximation) | - | -€46,236 | -€5,372 | -€572 | -€2,565 | ▼ 348% |
| Change in cash | - | -€200,065 | €17,897 | -€109,995 | -€54,013 | ▲ 50.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Weakest financial yearnet -€88,664
Net result drops to -€88,664, the lowest in the series.
28-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2019net €41,297 ▲162%
Operating result €46,282, net result €41,297, both a record.
23-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Back to profitnet €15,783
Net result €15,783 after 2 loss-making years.
26-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €21,897
Net result €21,897 after one loss-making year.
20-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 10 days late
2018
12-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-04
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.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Rotselaar · 1 establishment unit since 1988
Ground area
1,495 m²
Building footprint
91 m²
Volume, LiDAR
492 m³
Parcel 24094E0043/00D042, Flanders · tallest building 15.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GARDEN POWER MARCEL CORNILLE
since 19882.040.599.193
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24094E0043/00D042 | Flanders | 1,495 m² | 1 · 91 m² | 15.8 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteRotselaar2.040.599.193
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Of 21,212 companies in this sector we hold annual accounts for 4,372. 2,653 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded03-10-1988
Fiscal year end30-09
Activities, NACEBEL 2025
81300Landscape service activities
47781Retail sale of solid, liquid and gaseous fuels, excluding motor fuels
47791Retail sale of antiques
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435469127
Also
9925:BE0435469127
Registered
18-11-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.