MARINA CORNELIS
ActiveMARINA CORNELIS has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €736k and a net result of €79k. Equity is growing by ~6.5% per year across the filed fiscal years. Its solvency ranks better than 88% of 3286 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
88
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-13
Solvency100=
Growth69▼-16
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity ample (current ratio 9.16 against 7.4 in 2024; short-term debt: 6.6% and cash: 9.7% of total assets), and 12.1% 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 · 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
87.9%
Return on assets
9.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 28-10-2025, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
2 d early
2022
13 d early
2021
7 d late
2020
28 d late
2019
23 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close21-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
€251k▼ 49.3%
2024 · €496k
2021: €202k
2022: €460k
2023: €244k
2024: €496k
2021 → 2025
EBIT margin
47.5%▼ 31.0pp
2024 · 78.5%
2021: 42.9%
2022: 54.3%
2023: 48.0%
2024: 78.5%
2021 → 2025
Net result
€79k▼ 71.1%
2024 · €273k
2019: €59k
2020: €38k
2021: €55k
2022: €181k
2023: €89k
2024: €273k
2019 → 2025
Working capital
€449k▲ 7.2%
2024 · €419k
2019: €280k
2020: €315k
2021: €377k
2022: €538k
2023: €311k
2024: €419k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€202k-€460k▲ 128%€244k▼ 46.9%€496k▲ 103%€251k▼ 49.3%
Equity€598k-€762k▲ 27.3%€537k▼ 29.6%€716k▲ 33.5%€736k▲ 2.8%
Operating result€87k-€250k▲ 189%€117k▼ 53.0%€390k▲ 232%€119k▼ 69.3%
Net result€55k-€181k▲ 229%€89k▼ 50.7%€273k▲ 206%€79k▼ 71.1%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 69% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €838k
Fixed assets
€334k▼ 6.0%
Current assets
€504k▲ 4.1%
Equity and liabilities €838k
Equity
€736k▲ 2.8%
Debt
€101k▼ 17.6%
The debt ratio falls from 14.7% to 12.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€144k▼
2024 · €401k
Cash flow
€103k▼
2024 · €284k
Solvency
87.9%▲
2024 · 85.3%
Current ratio
9.16▲
2024 · 7.40
Quick ratio
9.16▲
2024 · 7.40
Debt / equity
0.14▼
2024 · 0.17
ROE
10.7%▼
2024 · 38.1%
ROA
9.4%▼
2024 · 32.5%
Interest coverage
42.26▼
2024 · 85.56
Debt
€101k▼
2024 · €123k
Debt ≤ 1 year
€55k▼
2024 · €65k
Debt > 1 year
€46k▼
2024 · €58k
Income taxes
€41k▼
2024 · €132k
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€839k€838k▼
Fixed assets21/28€355k€334k▼
Tangible fixed assets22/27€355k€334k▼
Land and buildings22€285k€276k▼
Furniture and vehicles24€70k€58k▼
Current assets29/58€484k€504k▲
Amounts receivable within one year40/41€31k€71k▲
Trade receivables40€31k€53k▲
Other amounts receivable41-€18k
Current investments50/53€229k€349k▲
Cash at bank and in hand54/58€222k€81k▼
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€839k€838k▼
Equity10/15€716k€736k▲
Contributions10/11€19k€19k=
Reserves13€698k€718k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€84k€84k=
Distributable reserves133€612k€632k▲
Amounts payable17/49€123k€101k▼
Amounts payable after more than one year17€58k€46k▼
Financial debts170/4€58k€46k▼
Amounts payable within one year42/48€65k€55k▼
Current portion of amounts payable after more than one year42€13k€12k▼
Trade debts44€3k€14k▲
Suppliers440/4€3k€14k▲
Taxes, remuneration and social security45€39k€22k▼
Taxes450/3€36k€11k▼
Remuneration and social security454/9€3k€10k▲
Other amounts payable47/48€10k€7k▼
Income statement
Code20242025
Turnover70€496k€251k▼
Goods, raw materials, services and sundry goods60/61€126k€119k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€24k▲
Other operating charges640/8€5k€5k▼
Gross operating margin9900€406k€148k▼
Operating profit (loss)9901€390k€119k▼
Financial income75/76B€20k€4k▼
Recurring financial income75€20k€4k▼
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€405k€120k▼
Income taxes67/77€132k€41k▼
Profit (loss) for the period9904€273k€79k▼
Profit (loss) for the period to be appropriated9905€273k€79k▼
Appropriation of the result
Profit (loss) to be appropriated9906€273k€79k▼
Transfer from equity791/2€93k€59k▼
Transfer to equity691/2€273k€79k▼
To other reserves6921€273k€79k▼
Profit to be distributed694/7€93k€59k▼
Return on contributions (dividend)694€93k€59k▼
The notes to these accounts (9 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
28-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2024
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
31-03
Financial
Highest result since 2019net €273k ▲206%
Operating result €390k, net result €273k, both a record.
2023
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
18-10
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
07-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 7 days late
2020
28-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 28 days late
31-03
Financial
Weakest financial yearnet €38k ▼35.3%
Net result drops to €38k, the lowest in the series; recovery starts the following year.
2019
08-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
02-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 63 days late
2016
30-09
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.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Putte
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.
Vogelstraat 872580 PutteGround area
1,032 m²
Building footprint
153 m²
Volume, LiDAR
881 m³
Parcel 12029B0769/00Z000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12029B0769/00Z000 | Flanders | 1,031 m² | 1 · 153 m² | 8.7 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
Legal Entity Identifier
967600J1FRF5Q6P7BB64
Similar companies · same sector, comparable size
FISC AND CO
BE 0477.744.301
Asse · Eq €736k
OPTI TAX
BE 0476.497.751
Zedelgem · Eq €736k
A&BV
BE 0644.429.297
Gent · Eq €735k
ACCOUNTANTSKANTOOR MARC NAGELS
BE 0452.324.559
Antwerpen · Eq €738k
MAINFREIGHT SUPPORT BELGIUM
BE 0425.113.386
Oostende · Eq €738k
Of 12,175 companies in sector 69201 we hold annual accounts for 7,638. 4,967 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded27-11-2001
Fiscal year end31-03
Activities, NACEBEL
69201Certified accountants and tax accountants
69202Legal and accounting activities
74121
Sources
Crossroads Bank for EnterprisesNational Bank · 23 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.