Cornelis Heating
ActiveCornelis Heating has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €720k and a net result of €122k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 92% of 4852 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+75
Solvency100▲+7
Growth52▲+17
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity ample (current ratio 8.87 against 3.15 in 2024; short-term debt: 11.3% and cash: 57.9% of total assets), and 11.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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
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
88.7%
Return on assets
15.1%
Age of the figures
9 mo
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 →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
3 d early
2023
5 d early
2022
31 d early
2021
2 d early
2020
9 d early
2019
17 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.53M▼ 22.0%
2019 · €1.97M
2018: €2.05M
2019: €1.97M
2018 → 2020
EBIT margin
4.2%▲ 0.7pp
2019 · 3.5%
2018: 3.4%
2019: 3.5%
2018 → 2020
Net result
€122k
2024 · €-230k
2018: €49k
2019: €48k
2020: €48k
2021: €57k
2022: €74k
2023: €50k
2024: €-230k
2018 → 2025
Working capital
€720k▲ 20.4%
2024 · €598k
2018: €551k
2019: €599k
2020: €647k
2021: €704k
2022: €777k
2023: €827k
2024: €598k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€704k-€777k▲ 10.5%€827k▲ 6.5%€598k▼ 27.8%€720k▲ 20.4%
Operating result€76k-€98k▲ 29.9%€66k▼ 33.4%€-236k€123k
Net result€57k-€74k▲ 30.1%€50k▼ 31.6%€-230k€122k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €123k after a loss of €236k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €811k
Equity
€720k▲ 20.4%
Debt
€92k▼ 67.1%
The debt ratio falls from 31.7% to 11.3%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
88.7%▲
2024 · 68.3%
Current ratio
8.87▲
2024 · 3.15
Quick ratio
8.12▲
2024 · 2.86
Debt / equity
0.13▼
2024 · 0.47
ROE
17.0%▲
2024 · -38.5%
ROA
15.1%▲
2024 · -26.3%
Debt
€92k▼
2024 · €278k
Debt ≤ 1 year
€91k▼
2024 · €278k
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€875k€811k▼
Current assets29/58€875k€811k▼
Stocks and contracts in progress3€81k€69k▼
Stocks30/36€81k€69k▼
Amounts receivable within one year40/41€298k€273k▼
Trade receivables40€276k€253k▼
Other amounts receivable41€22k€20k▼
Current investments50/53€0-
Cash at bank and in hand54/58€497k€470k▼
Equity and liabilities
Total equity and liabilities10/49€875k€811k▼
Equity10/15€598k€720k▲
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€523k€645k▲
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€515k€637k▲
Profit (loss) carried forward14€42€123▲
Amounts payable17/49€278k€92k▼
Amounts payable within one year42/48€278k€91k▼
Trade debts44€166k€88k▼
Suppliers440/4€166k€88k▼
Taxes, remuneration and social security45€112k€4k▼
Taxes450/3€112k€4k▼
Accrued charges and deferred income492/3€35€35=
Income statement
Code20242025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€772€-772▼
Other operating charges640/8€968€998▲
Non-recurring operating charges66A€333k€0▼
Gross operating margin9900€98k€123k▲
Operating profit (loss)9901€-236k€123k▲
Financial income75/76B€7k€1▼
Recurring financial income75€7k€1▼
Financial charges65/66B€703€600▼
Recurring financial charges65€703€600▼
Profit (loss) for the period before taxes9903€-230k€122k▲
Income taxes67/77€0-
Profit (loss) for the period9904€-230k€122k▲
Profit (loss) for the period to be appropriated9905€-230k€122k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-225k€122k▲
Profit (loss) brought forward from the previous period14P€5k€42▼
Transfer from equity791/2€225k€0▼
Transfer to equity691/2€0€122k▲
To other reserves6921€0€122k▲
Social balance
Average headcount (FTE)90870.00.0=
The notes to these accounts (6 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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €122k
Net result €122k after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 8.87
Current ratio from 3.15 to 8.87; short-term debt falls from €278k to €91k.
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €-230k ▼557%
Net result drops to €-230k, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
22-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Liquidity doublescurrent ratio 12.12
Current ratio from 5.22 to 12.12; short-term debt falls from €142k to €58k.
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 17 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Meise · 1 establishment unit since 1986
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.
Nieuwenrodestraat 601861 MeiseGround area
427 m²
Parcel 23093B0414/00R000, Flanders. Linked by address, not a title deed.
1 establishment unit
WOLVOIL NV
since 19862.034.281.921
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23093B0414/00R000 | Flanders | 427 m² | - | - |
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.
Similar companies · same sector, comparable size
PETROBEL
BE 0435.224.152
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SCHOLIERS
BE 0445.969.178
Houthalen-Helchteren · Eq €722k
Geelse Stockage Maatschappij
BE 0404.197.812
Geel · Eq €714k
BRANDSTOFFEN PIET D'HOORE
BE 0808.666.531
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KERKHOFS
BE 0431.520.336
Bree · Eq €709k
Of 840 companies in sector 46810 we hold annual accounts for 473. 348 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded20-11-1986
Fiscal year end31-12
Activities, NACEBEL
46810Wholesale of solid, liquid and gaseous fuels and related products
Sources
Crossroads Bank for EnterprisesNational Bank · 39 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.