MICHEL CORNETTE
ActiveSummary
MICHEL CORNETTE has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €279k and a net result of €20k. Equity is growing by ~10.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▲+66
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 14.96 against 4.61 in 2024; short-term debt: 5.2% and cash: 33.2% of total assets), and 5.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 →
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 dateAge against the risk zone
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
94.8%
Return on assets
6.9%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 4 filingsDeviation from the deadline
2025
28 d late
2024
27 d late
2023
23 d late
2022
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€279k▲ 7.9%
2024 · €259k
2022: €169k
2023: €277k
2024: €259k
2022 → 2025
Total assets
€294k▼ 5.0%
2024 · €310k
2022: €251k
2023: €423k
2024: €310k
2022 → 2025
Net result
€20k
2024 · €-18k
2022: €163k
2023: €107k
2024: €-18k
2022 → 2025
Working capital
€216k▲ 16.4%
2024 · €185k
2022: €76k
2023: €194k
2024: €185k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€169k-€277k▲ 63.4%€259k▼ 6.5%€279k▲ 7.9%
Operating result€240k-€158k▼ 34.1%€-20k€20k
Net result€163k-€107k▼ 34.2%€-18k€20k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €20k after a loss of €20k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €294k
Fixed assets
€63k ▼ 13.7%
Current assets
€231k ▼ 2.3%
Equity and liabilities €294k
Equity
€279k ▲ 7.9%
Debt
€15k ▼ 69.9%
Debt's share of the balance-sheet total falls from 16.6% to 5.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▲
2024 · €-10k
Cash flow
€30k▲
2024 · €-8k
Current ratio
14.96▲
2024 · 4.61
Debt to equity
0.06▼
2024 · 0.20
ROE
7.3%▲
2024 · -7.0%
ROA
6.9%▲
2024 · -5.8%
Interest coverage
157.30▲
2024 · -54.75
Debt ≤ 1 year
€15k▼
2024 · €51k
Income taxes
€3k▲
2024 · €182
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€310k€294k▼
Fixed assets21/28€73k€63k▼
Intangible fixed assets21€73k€63k▼
Current assets29/58€237k€231k▼
Amounts receivable within one year40/41€85k€130k▲
Trade receivables40€37k€32k▼
Other amounts receivable41€47k€97k▲
Cash at bank and in hand54/58€151k€98k▼
Deferred charges and accrued income490/1€909€4k▲
Equity and liabilities
Total equity and liabilities10/49€310k€294k▼
Equity10/15€259k€279k▲
Contributions10/11€6k€6k=
Reserves13€271k€273k▲
Distributable reserves133€271k€273k▲
Profit (loss) carried forward14€-18k€0▲
Amounts payable17/49€51k€15k▼
Amounts payable within one year42/48€51k€15k▼
Trade debts44€190€12k▲
Suppliers440/4€190€12k▲
Taxes, remuneration and social security45€51k€4k▼
Taxes450/3€51k€4k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€3k€851▼
Gross operating margin9900€-8k€31k▲
Operating profit (loss)9901€-20k€20k▲
Financial income75/76B€3k€4k▲
Recurring financial income75€3k€4k▲
Financial charges65/66B€189€193▲
Recurring financial charges65€189€193▲
Profit (loss) for the period before taxes9903€-18k€24k▲
Income taxes67/77€182€3k▲
Profit (loss) for the period9904€-18k€20k▲
Profit (loss) for the period to be appropriated9905€-18k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€2k▲
Profit (loss) brought forward from the previous period14P-€-18k
Transfer to equity691/2€0€2k▲
To other reserves6921€0€2k▲
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
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 14.96
Current ratio from 4.61 to 14.96; short-term debt falls from €51k to €15k.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-12
Financial
Weakest financial yearnet €-18k ▼117%
Net result drops to €-18k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
31-12
Financial
Equity above €200kEq €277k ▲63.4%
2 profitable years in a row build equity to €277k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Schilde · 1 establishment unit since 2022
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.
Parklaan 212970 SchildeGround area
1,419 m²
Building footprint
202 m²
Volume, LiDAR
1,093 m³
Parcel 11041B0174/00N000, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
MICHEL CORNETTE
since 20222.327.850.342
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11041B0174/00N000 | Flanders | 1,419 m² | 1 · 202 m² | 8.8 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.
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ADVOCATENKANTOOR GERD LEYNS
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Gent · Eq €278,414
Gerald STRAATMAN Advocaat
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ARIANE DESTRYCKER ADVOCAAT
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Of 22,058 companies in sector 69101 we hold annual accounts for 9,052. 6,852 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-01-2022
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.