Checked.be
Active
BE 0415.500.983Private limited company
Menuiserie CORNET
Rue Maurice-Grevisse,Rulles 31 ·6724 Habay, Belgium· 50 yrs active
Sector: Wholesale of construction materials, general range
(46831)
Conclusion
Menuiserie 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 ~11.9% per year across the filed fiscal years. Its solvency ranks better than 54% of 6006 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €787k |
| Net result | €297k |
| Staff (FTE) | 8.3 |
| Better than sector | 54% |
Financial profile
92
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
94
Profitability
100
Solvency
90
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1975, 50 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
94
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€75k
estimate, not credit advice
Score history
86
2021
78
2022
94
2023
94
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.98 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.08 (≥ 1.0)
+5
Leverage
Debt/equity 1.16 (< 2.0)
+3
Profitability
ROE 38% (≥ 10%)
+10
Interest coverage
Interest coverage 23.8× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 30-10-2025 with the NBB · fiscal year 2024 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~11.9%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 46, Wholesale trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 45.4% | 41.8% | |
| Net result | €297k | €89k | |
| Equity | €787k | €1.19M | |
| Gross operating margin | €1.06M | €245k | |
| Staff costs | €519k | €631k |
€507k
+97.4%
21-24
€297k
+128.4%
21-24
€370k
+90.2%
21-24
€1.73M
+19.4%
21-24
€787k
+38.6%
21-24
€642k
+39.2%
21-24
8
-17.8%
21-24
€519k
-1.2%
21-24
€115k
+121.8%
21-24
€78k
0.0%
21-24
€909k
+7.4%
21-24
€654k
+2.2%
21-24
€255k
+23.5%
21-24
1.98
+15.2%
21-24
1.08
+0.8%
21-24
45.4%
+16.1%
21-24
1.16
-22.5%
21-24
37.8%
+64.7%
21-24
17.2%
+91.2%
21-24
23.81
-6.6%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €507k | €257k | €152k | €254k |
| Net profit | €297k | €130k | €57k | €123k |
| Cash flow | €370k | €195k | €121k | €191k |
| Staff costs | €519k | €525k | €440k | €476k |
| Income taxes | €115k | €52k | €24k | €51k |
| Dividends | €78k | €78k | €78k | €78k |
| Total assets | €1.73M | €1.45M | €1.28M | €1.31M |
| Equity | €787k | €567k | €515k | €536k |
| Debt | €909k | €846k | €731k | €714k |
| of which ≤ 1y | €654k | €640k | €565k | €491k |
| of which > 1y | €255k | €206k | €165k | €222k |
| Working capital | €642k | €461k | €406k | €458k |
| Employees (FTE) | 8.3 | 10.1 | 8.6 | 9.4 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 1.98 | 1.72 | 1.72 | 1.93 |
| Quick ratio | 1.08 | 1.08 | 0.99 | 1.10 |
| Working capital ratio | 37.1% | 31.8% | 31.6% | 35.0% |
| Solvency | 45.4% | 39.1% | 40.1% | 41.0% |
| Debt / equity | 1.16 | 1.49 | 1.42 | 1.33 |
| Long-term debt ratio | 0.32 | 0.36 | 0.32 | 0.41 |
| Interest coverage | 23.81 | 25.49 | 19.45 | 21.29 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 17.2% | 9.0% | 4.5% | 9.4% |
| ROE | 37.8% | 22.9% | 11.1% | 23.0% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.73M | €1.45M | €1.28M | €1.31M |
| Fixed assets | 21/28 | €437k | €350k | €313k | €360k |
| Tangible fixed assets | 22/27 | €430k | €343k | €305k | €353k |
| Financial fixed assets | 28 | €7k | €7k | €7k | €7k |
| Current assets | 29/58 | €1.30M | €1.10M | €971k | €949k |
| Stocks & contracts in progress | 3 | €587k | €412k | €409k | €409k |
| Amounts receivable within one year | 40/41 | €525k | €470k | €412k | €361k |
| Cash & bank | 54/58 | €185k | €195k | €76k | €144k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.73M | €1.45M | €1.28M | €1.31M |
| Equity | 10/15 | €787k | €567k | €515k | €536k |
| Contributions / capital | 10/11 | €32k | €32k | €32k | €32k |
| Reserves | 13 | €433k | €433k | €433k | €433k |
| Accumulated profits (losses) | 14 | €321k | €102k | €50k | €70k |
| Provisions & deferred taxes | 16 | €38k | €38k | €38k | €59k |
| Amounts payable | 17/49 | €909k | €846k | €731k | €714k |
| Amounts payable after one year | 17 | €255k | €206k | €165k | €222k |
| Amounts payable within one year | 42/48 | €654k | €640k | €565k | €491k |
| Trade debts payable within one year | 44 | €162k | €289k | €283k | €179k |
| Income statement | |||||
| Gross operating margin | 9900 | €1.06M | €805k | €595k | €799k |
| Operating result | 9901 | €433k | €192k | €89k | €186k |
| Financial income | 75 | €373 | €108 | €12 | €569 |
| Financial charges | 65 | €21k | €10k | €8k | €12k |
| Result before taxes | 9903 | €413k | €182k | €81k | €174k |
| Income taxes | 67/77 | €115k | €52k | €24k | €51k |
| Net result for the period | 9904 | €297k | €130k | €57k | €123k |
| Result to be appropriated | 9905 | €297k | €130k | €57k | €123k |
Legal Structure
| NACE primary | Wholesale of construction materials, general range(46831) |
| Legal form | Private limited company(610) |
| Incorporation | 30-10-1975 |
| Status | Active |
| Postal code | 6724 |
Establishment units
MENUISERIE CORNET SPRL
since 19752.038.073.532
Updates
2025
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 91 days late
2024
31-12
Financial
Highest result since 2021net €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
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.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
20300Joinery installation4332045421Wholesale of construction materials, general range46831Manufacture of fabricated metal products, except machinery and equipment2512028120Laying of wooden floor and wall coverings4333245432
Names & trade names
| Legal nameFR | Menuiserie CORNET |
Similar companies
VAN ISEGHEM
BE 0473.773.536 · Ingelmunster
LORATRANS
BE 0433.894.163 · Balen
BATI-CENTER
BE 0828.454.234 · Raeren
TRUYENS
BE 0561.814.397 · Hamont-Achel
LABEYE
BE 0440.146.408 · Sprimont