ACTIVE

CORNELIS

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Financial year 2025 · closed on 31/12/2025

Net result

-56,4 k €

-113.0% YoY

Gross margin

804,4 k €

-42.0% YoY

Equity

1,7 M €

-3.1% YoY

Workforce

15,1 ETP

-9.6% YoY

What does CORNELIS do?

CORNELIS is a Private limited company incorporated in 1976. Its registered office is in Oostende. It employs on average 15,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0416.894.914

Incorporation

30/12/1976

Legal form

Private limited company

Registered office

Nieuwpoortsesteenweg 569-571
8400 Oostende · FlandreSee on map

Contributed capital

120 000,00 €

Latest accounts

31/12/2025

Average workforce

15,1 ETP

Joint committees (6)

109
124
1240
200
2000
201

Contacts

2 public details availableLog in to view

Signals

Solid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	804,4 k €	-42.0%	1,4 M €	-4.3%	1,4 M €	-10.8%	1,6 M €	+7.2%	1,5 M €	+18.8%	1,3 M €	+9.1%	1,2 M €	+2.5%	1,1 M €	+6.2%	1,1 M €	-12.3%	1,2 M €	-2.0%	1,3 M €	-12.4%	1,4 M €	+9.7%	1,3 M €	+16.4%	1,1 M €	+15.1%	971,1 k €	-15.3%	1,1 M €	+10.1%	1 M €	+4.1%	999,8 k €	-13.2%	1,2 M €	+6.6%	1,1 M €
EBITDA	19,8 k €	-96.4%	550,3 k €	-15.4%	650 k €	-31.9%	954,4 k €	+32.5%	720,1 k €	+47.0%	489,9 k €	+34.4%	364,4 k €	+2.9%	354,2 k €	+20.2%	294,7 k €	-44.1%	527,4 k €	-12.1%	600,1 k €	-4.8%	630,1 k €	+21.6%	518,2 k €	+15.9%	447,2 k €	+25.1%	357,5 k €	-30.1%	511,4 k €	+48.4%	344,6 k €	-11.7%	390,4 k €	-16.4%	466,9 k €	+4.4%	447,3 k €
Operating result	-70,5 k €	-115%	461,6 k €	-15.7%	547,8 k €	-34.6%	837,9 k €	+39.4%	601,2 k €	+44.4%	416,2 k €	+57.6%	264 k €	+2.0%	258,9 k €	+27.7%	202,7 k €	-52.0%	422 k €	-15.4%	498,6 k €	-0.8%	502,6 k €	+18.8%	423,1 k €	+25.0%	338,6 k €	+44.0%	235 k €	-43.2%	413,5 k €	+52.2%	271,7 k €	-9.1%	298,7 k €	-23.8%	391,9 k €	+5.4%	371,9 k €
Net result	-56,4 k €	-113%	435,3 k €	-15.3%	513,6 k €	-34.0%	777,6 k €	+34.7%	577,2 k €	+42.0%	406,4 k €	+58.0%	257,3 k €	-2.1%	262,8 k €	+25.6%	209,3 k €	-47.1%	395,8 k €	-15.5%	468,4 k €	-8.5%	512,1 k €	+35.5%	377,8 k €	+24.3%	303,9 k €	+32.5%	229,4 k €	-41.5%	392,3 k €	+43.6%	273,2 k €	-3.6%	283,4 k €	-21.6%	361,5 k €	+8.4%	333,5 k €
Balance sheet
Equity	1,7 M €	-3.1%	1,8 M €	+6.8%	1,7 M €	+8.7%	1,6 M €	+15.1%	1,3 M €	-32.2%	2 M €	+6.3%	1,9 M €	+3.9%	1,8 M €	+3.4%	1,7 M €	+2.8%	1,7 M €	+7.3%	1,6 M €	+9.7%	1,4 M €	+8.1%	1,3 M €	+14.7%	1,2 M €	+13.4%	1 M €	+13.3%	902,9 k €	+15.2%	783,5 k €	+13.2%	692,2 k €	+15.4%	600 k €	+21.8%	492,7 k €
Total assets	2,5 M €	+2.2%	2,4 M €	-3.4%	2,5 M €	-8.0%	2,7 M €	-5.0%	2,8 M €	+12.3%	2,5 M €	+1.3%	2,5 M €	+11.8%	2,2 M €	-2.4%	2,3 M €	-0.7%	2,3 M €	+2.8%	2,2 M €	-4.8%	2,4 M €	+11.1%	2,1 M €	+6.8%	2 M €	+5.0%	1,9 M €	-5.9%	2 M €	+15.7%	1,7 M €	+12.9%	1,5 M €	-4.0%	1,6 M €	+1.4%	1,6 M €
Cash	705,3 k €	+78.0%	396,3 k €	-43.7%	703,6 k €	-17.7%	854,5 k €	-35.2%	1,3 M €	+15.6%	1,1 M €	+53.1%	745 k €	-16.9%	896,3 k €	+9.7%	816,9 k €	+23.2%	663,1 k €	+56.5%	423,7 k €	-32.1%	624,4 k €	+8.0%	578,2 k €	+72.7%	334,8 k €	-41.8%	574,8 k €	+19.7%	480,1 k €	-20.6%	604,8 k €	+24.7%	485,2 k €	-15.1%	571,4 k €	+132%	246,1 k €
Debts	710,6 k €	+37.5%	516,9 k €	-35.4%	799,6 k €	-30.6%	1,2 M €	-23.2%	1,5 M €	+173%	548,9 k €	-13.4%	633,9 k €	+44.8%	437,9 k €	-20.9%	553,9 k €	-10.3%	617,5 k €	-6.3%	658,9 k €	-28.5%	921,6 k €	+16.2%	793,2 k €	-4.2%	827,6 k €	-4.7%	868,8 k €	-21.4%	1,1 M €	+15.9%	954,3 k €	+12.7%	846,6 k €	-15.6%	1 M €	-7.8%	1,1 M €
Other
Workforce	15,1 ETP	-9.6%	16,7 ETP	-2.3%	17,1 ETP	+11.8%	15,3 ETP	-15.9%	18,2 ETP	-4.2%	19,0 ETP	+13.1%	16,8 ETP	-1.2%	17,0 ETP	-3.4%	17,6 ETP	-1.1%	17,8 ETP	+29.0%	13,8 ETP	-20.7%	17,4 ETP	-1.7%	17,7 ETP	+12.0%	15,8 ETP	-7.1%	17,0 ETP	+1.8%	16,7 ETP	-17.3%	20,2 ETP	+28.7%	15,7 ETP	-11.8%	17,8 ETP	+6.0%	16,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 23 ended

Active mandates

maViLou

Director · since 01 août 2025 · 0766.766.489

Represented by Ruben Cornelis

Active

ARTHIB

Director · since 17 août 2023 · 0828.593.103

Represented by Geert Claeys

Active

PATCOR

Director · 0830.166.382

Represented by Patrick Cornelis

Active

Ended mandates

ARTHIB

Manager · since 07 mars 2011 · 0828.593.103

Represented by Geert Claeys

Ended

ARTHIB

Director · since 07 mars 2011 · 0828.593.103

Represented by Geert Claeys

Ended

ARTHIB

Manager · since 07 mars 2011 · 0828.593.103

Represented by Geert Claeys

Ended

BAJA-RON

Director · since 07 mars 2011 · 0831.760.251

Represented by Ronny Cornelis

Ended

At this address

Other companies at this address

Company	CBE no.
COROPA BEHEER● Active	0425.991.831

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/04/2026	28/07/2025	29/07/2024	27/07/2023	16/08/2022	30/07/2021
General meeting	27/04/2026	03/07/2025	02/07/2024	04/07/2023	11/08/2022	16/07/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	27/04/2026	27/04/2026	Dutch	PDF
Abridged model	31/12/2024	03/07/2025	28/07/2025	Dutch	PDF
Abridged model	31/12/2023	02/07/2024	29/07/2024	Dutch	PDF
Abridged model	31/12/2022	04/07/2023	27/07/2023	Dutch	PDF
Abridged model	31/12/2021	11/08/2022	16/08/2022	Dutch	PDF
Abridged model	31/12/2020	16/07/2021	30/07/2021	Dutch	PDF
Abridged model	31/12/2019	14/07/2020	11/08/2020	Dutch	PDF
Abridged model	31/12/2018	21/05/2019	06/06/2019	Dutch	PDF
Abridged model	31/12/2017	10/07/2018	20/07/2018	Dutch	PDF
Abridged model	31/12/2016	13/05/2017	23/05/2017	Dutch	PDF
Abridged model	31/12/2015	21/06/2016	18/07/2016	Dutch	PDF
Abridged model	31/12/2014	30/06/2015	27/07/2015	Dutch	PDF
Abridged model	31/12/2013	17/07/2014	29/07/2014	Dutch	PDF
Abridged model	31/12/2012	09/07/2013	08/08/2013	Dutch	PDF
Abridged model	31/12/2011	25/06/2012	24/07/2012	Dutch	PDF
Abridged model	31/12/2010	04/07/2011	29/08/2011	Dutch	PDF
Abridged model	31/12/2009	30/06/2010	20/07/2010	Dutch	PDF
Abridged model	31/12/2008	04/06/2009	22/06/2009	Dutch	PDF
Abridged model	31/12/2007	11/06/2008	19/06/2008	Dutch	PDF
Abridged model	31/12/2006	02/06/2007	28/06/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 23 ended

Active mandates

maViLou

Director · since 01 août 2025 · 0766.766.489

Represented by Ruben Cornelis

Active

ARTHIB

Director · since 17 août 2023 · 0828.593.103

Represented by Geert Claeys

Active

PATCOR

Director · 0830.166.382

Represented by Patrick Cornelis

Active

Ended mandates

ARTHIB

Manager · since 07 mars 2011 · 0828.593.103

Represented by Geert Claeys

Ended

ARTHIB

Director · since 07 mars 2011 · 0828.593.103

Represented by Geert Claeys

Ended

ARTHIB

Manager · since 07 mars 2011 · 0828.593.103

Represented by Geert Claeys

Ended

BAJA-RON

Director · since 07 mars 2011 · 0831.760.251

Represented by Ronny Cornelis

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/05/2026
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/08/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates28/08/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/09/2011
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM
PDF
Mandates07/04/2011
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/10/2010
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/04/2005
KAPITAAL - AANDELEN - DOEL - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-56,4 k €↓
2024
Annual accounts 2024435,3 k €↓
2023
Annual accounts 2023513,6 k €↓
2022
Annual accounts 2022777,6 k €↑
2021
Annual accounts 2021577,2 k €↑
2020
Annual accounts 2020406,4 k €↑
2019
Annual accounts 2019257,3 k €↓
2018
Annual accounts 2018262,8 k €↑
2017
Annual accounts 2017209,3 k €↓
2016
Annual accounts 2016395,8 k €↓
2015
Annual accounts 2015468,4 k €↓
2014
Annual accounts 2014512,1 k €↑
2013
Annual accounts 2013377,8 k €↑
2012
Annual accounts 2012303,9 k €↑
2011
Annual accounts 2011229,4 k €↓
2010
Annual accounts 2010392,3 k €↑
2009
Annual accounts 2009273,2 k €↓
2008
Annual accounts 2008283,4 k €↓
2007
Annual accounts 2007361,5 k €↑
2006
Annual accounts 2006333,5 k €
30/12/1976
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CORNELIS

Overview

What does CORNELIS do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline