Menuiserie CORNET
ActiveMenuiserie CORNET has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €787k and a net result of €297k. Equity is growing by ~4.2% per year across the filed fiscal years. Its solvency ranks better than 54% of 5989 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. A confirmed filing finding caps the score. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability90▲+10
Solvency70▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days only on tighter terms
Liquidity ample (current ratio 1.98 against 1.72 in 2023; short-term debt: 37.7% and cash: 10.7% of total assets), but 54.6% 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+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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 2024Solvency, return and age of the figures
Solvency
45.4%
Return on assets
17.2%
Age of the figures
21 mo
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-10-2025, 91 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
91 d late
2023
30 d late
2022
29 d late
2021
26 d late
2020
90 d late
2019
273 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€297k▲ 128%
2023 · €130k
2018: €85k
2019: €82k
2020: €87k
2021: €123k
2022: €57k
2023: €130k
2018 → 2024
Working capital
€642k▲ 39.2%
2023 · €461k
2018: €484k
2019: €434k
2020: €467k
2021: €458k
2022: €406k
2023: €461k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€491k-€536k▲ 9.2%€515k▼ 3.9%€567k▲ 10.1%€787k▲ 38.6%
Operating result€136k-€186k▲ 36.3%€89k▼ 52.4%€192k▲ 117%€433k▲ 126%
Net result€87k-€123k▲ 41.6%€57k▼ 53.6%€130k▲ 128%€297k▲ 128%
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 126% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.73M
Fixed assets
€437k▲ 24.8%
Current assets
€1.30M▲ 17.7%
Equity and liabilities €1.73M
Equity
€787k▲ 38.6%
Provisions
€38k=
Debt
€909k▲ 7.4%
The debt ratio falls from 58.3% to 52.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€507k▲
2023 · €257k
Cash flow
€370k▲
2023 · €195k
Solvency
45.4%▲
2023 · 39.1%
Current ratio
1.98▲
2023 · 1.72
Quick ratio
1.08▲
2023 · 1.08
Debt / equity
1.16▼
2023 · 1.49
ROE
37.8%▲
2023 · 22.9%
ROA
17.2%▲
2023 · 9.0%
Interest coverage
23.81▼
2023 · 25.49
Debt
€909k▲
2023 · €846k
Debt ≤ 1 year
€654k▲
2023 · €640k
Debt > 1 year
€255k▲
2023 · €206k
Income taxes
€115k▲
2023 · €52k
Staff costs
€519k▼
2023 · €525k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.45M€1.73M▲
Fixed assets21/28€350k€437k▲
Tangible fixed assets22/27€343k€430k▲
Land and buildings22€210k€217k▲
Plant, machinery and equipment23€99k€74k▼
Furniture and vehicles24€34k€139k▲
Financial fixed assets28€7k€7k=
Current assets29/58€1.10M€1.30M▲
Amounts receivable after more than one year29€23k-
Other amounts receivable291€23k-
Stocks and contracts in progress3€412k€587k▲
Stocks30/36€412k€587k▲
Amounts receivable within one year40/41€470k€525k▲
Trade receivables40€448k€514k▲
Other amounts receivable41€23k€11k▼
Cash at bank and in hand54/58€195k€185k▼
Deferred charges and accrued income490/1-€12
Equity and liabilities
Total equity and liabilities10/49€1.45M€1.73M▲
Equity10/15€567k€787k▲
Contributions10/11€32k€32k=
Reserves13€433k€433k=
Non-distributable reserves130/1€45k€45k=
Reserves not available under the articles1311€45k€45k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€370k€370k=
Profit (loss) carried forward14€102k€321k▲
Provisions and deferred taxes16€38k€38k=
Provisions for liabilities and charges160/5€38k€38k=
Other liabilities and charges164/5€38k€38k=
Amounts payable17/49€846k€909k▲
Amounts payable after more than one year17€206k€255k▲
Financial debts170/4€206k€255k▲
Amounts payable within one year42/48€640k€654k▲
Current portion of amounts payable after more than one year42€152k€183k▲
Trade debts44€289k€162k▼
Suppliers440/4€287k€160k▼
Bills of exchange payable441€2k€2k=
Advances received on contracts in progress46€54k€105k▲
Taxes, remuneration and social security45€66k€84k▲
Taxes450/3€30k€71k▲
Remuneration and social security454/9€36k€13k▼
Other amounts payable47/48€78k€119k▲
Accrued charges and deferred income492/3€42€59▲
Income statement
Code20232024
Remuneration, social security and pensions62€525k€519k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€65k€73k▲
Other operating charges640/8€23k€34k▲
Gross operating margin9900€805k€1.06M▲
Operating profit (loss)9901€192k€433k▲
Financial income75/76B€108€373▲
Recurring financial income75€108€373▲
Financial charges65/66B€10k€21k▲
Recurring financial charges65€10k€21k▲
Profit (loss) for the period before taxes9903€182k€413k▲
Income taxes67/77€52k€115k▲
Profit (loss) for the period9904€130k€297k▲
Profit (loss) for the period to be appropriated9905€130k€297k▲
Appropriation of the result
Profit (loss) to be appropriated9906€180k€399k▲
Profit (loss) brought forward from the previous period14P€50k€102k▲
Profit to be distributed694/7€78k€78k=
Return on contributions (dividend)694€78k€78k=
Social balance
Average headcount (FTE)908710.18.3▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 91 days late
2024
31-12
Financial
Highest result since 2018net €297k ▲128%
Operating result €433k, net result €297k, both a record.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 29 days late
2022
31-12
Financial
Weakest financial yearnet €57k ▼53.6%
Net result drops to €57k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 26 days late
2021
31-12
Financial
Equity above €500kEq €536k ▲9.2%
4 profitable years in a row build equity to €536k.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 273 days late
2019
09-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 131 days late
2018
26-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 26 days late
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
12-07
NBB filing
Annual accounts filed
fiscal year 2015 · full 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, Habay · 1 establishment unit since 1975
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.
Rue Maurice-Grevisse,Rulles 316724 HabayGround area
2,167 m²
Building footprint
466 m²
Volume, LiDAR
3,463 m³
Parcel 85031C0318/00A002, Wallonia · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MENUISERIE CORNET SPRL
since 19752.038.073.532
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 85031C0318/00A002 | Wallonia | 2,167 m² | 1 · 466 m² | 9.3 m · 2 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.
Recognitions · licences · registrations
Recognised contractor
1 categoryMenuiserie CORNET SRL13522
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Of 1,803 companies in sector 46831 we hold annual accounts for 1,397. 1,022 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-10-1975
Fiscal year end31-12
Activities, NACEBEL
20300
43320Joinery installation
45421
46831Wholesale of construction materials, general range
25120Manufacture of fabricated metal products, except machinery and equipment
28120
43332Laying of wooden floor and wall coverings
45432
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.