ACTIVE

Cornelis Heating

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Financial year 2025 · closed on 31/12/2025

Net result

122,1 k €

+153.1% YoY

Gross margin

122,9 k €

+25.1% YoY

Equity

719,6 k €

+20.4% YoY

Workforce

0,0 ETP

What does Cornelis Heating do?

Cornelis Heating is a Public limited company incorporated in 1986. Its main activity is: Wholesale of solid, liquid and gaseous fuels and related products. Its registered office is in Meise.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0429.872.524

Incorporation

20/11/1986

Legal form

Public limited company

Registered office

Nieuwenrodestraat 60
1861 Meise · FlandreSee on map

Contributed capital

75 000,01 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Activities (NACE)

46710Wholesale of solid, liquid and gaseous fuels and related products· main 46810Wholesale trade, except of motor vehicles and motorcycles 51510Air transport

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	122,9 k €	+25.1%	98,2 k €	+48.8%	66 k €	-33.1%	98,8 k €	+28.9%	76,6 k €		–		–		–		–		–		–		–		–		92,7 k €	+23.5%	75,1 k €	-33.0%	112,1 k €	+42.1%	78,9 k €	-8.0%	85,8 k €
EBITDA	121,9 k €	+152%	-235,6 k €	-461%	65,3 k €	-33.7%	98,4 k €	+29.9%	75,7 k €	+5.2%	72 k €	-0.2%	72,1 k €	+43.9%	50,1 k €	-15.2%	59,1 k €	-3.0%	60,9 k €	-35.4%	94,3 k €	+17.6%	80,2 k €	-17.4%	97,1 k €	+6.9%	90,9 k €	+23.7%	73,5 k €	-33.5%	110,5 k €	+45.4%	76 k €	-10.3%	84,6 k €
Operating result	122,7 k €	+152%	-236,4 k €	-460%	65,6 k €	-33.4%	98,4 k €	+29.9%	75,7 k €	+8.3%	69,9 k €	+0.2%	69,8 k €	+46.9%	47,5 k €	-18.7%	58,5 k €	-0.4%	58,7 k €	-37.4%	93,8 k €	+17.7%	79,7 k €	-16.7%	95,7 k €	+6.2%	90,1 k €	+36.3%	66,1 k €	-35.9%	103,1 k €	+50.3%	68,6 k €	-11.7%	77,7 k €
Net result	122,1 k €	+153%	-229,9 k €	-557%	50,3 k €	-31.6%	73,6 k €	+30.1%	56,6 k €	+14.7%	49,3 k €	+8.2%	45,6 k €	+35.8%	33,5 k €	-17.3%	40,6 k €	-2.5%	41,6 k €	-43.0%	73 k €	+36.5%	53,5 k €	-16.3%	63,9 k €	+2.6%	62,3 k €	+14.0%	54,6 k €	-29.4%	77,4 k €	+51.6%	51 k €	-11.5%	57,6 k €
Balance sheet
Equity	719,6 k €	+20.4%	597,5 k €	-27.8%	827,5 k €	+6.5%	777,1 k €	+10.5%	703,6 k €	+27.7%	550,8 k €	+9.8%	501,5 k €	+10.0%	455,9 k €	+7.9%	422,4 k €	+10.6%	381,8 k €	+12.2%	340,2 k €	+27.3%	267,2 k €	+25.0%	213,7 k €	+42.6%	149,8 k €	+71.1%	87,5 k €	-83.6%	532,9 k €	+17.0%	455,6 k €	+12.6%	404,5 k €
Total assets	811,1 k €	-7.3%	875,5 k €	-14.3%	1 M €	+4.1%	981,7 k €	+22.4%	801,9 k €	+28.5%	624 k €	+6.7%	584,9 k €	+7.8%	542,5 k €	-6.2%	578,1 k €	+11.9%	516,9 k €	-1.2%	523,4 k €	+14.5%	457,2 k €	-46.7%	857,3 k €	-4.9%	901,3 k €	+30.6%	690 k €	+9.0%	633 k €	-3.3%	654,5 k €	+10.3%	593,3 k €
Cash	469,7 k €	-5.4%	496,7 k €	+4.0%	477,7 k €	-23.8%	627,1 k €	+25.9%	498 k €	+21.0%	411,7 k €	+17.4%	350,8 k €	+7.1%	327,5 k €	+2.8%	318,7 k €	+9.0%	292,3 k €	+15.7%	252,7 k €	+22.7%	206 k €	-7.9%	223,6 k €	+22.1%	183 k €	-47.6%	349,3 k €	+25.0%	279,6 k €	+27.6%	219,1 k €	-2.4%	224,5 k €
Debts	91,5 k €	-67.1%	277,9 k €	+42.8%	194,6 k €	-4.9%	204,6 k €	+108%	98,3 k €	+34.3%	73,2 k €	-12.2%	83,4 k €	-3.6%	86,6 k €	-44.4%	155,8 k €	+15.3%	135,1 k €	-26.2%	183,1 k €	-3.6%	190 k €	-70.5%	643,5 k €	-14.4%	751,5 k €	+24.8%	602,4 k €	+502%	100,1 k €	-49.7%	198,9 k €	+5.4%	188,8 k €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 22 ended

Active mandates

Edy Cornelis

Director · since 21 décembre 2023 · until 20 décembre 2029

Active

Ivo Cornelis

Director · since 21 décembre 2023 · until 20 décembre 2029

Active

Luc Cornelis

Director · since 21 décembre 2023 · until 20 décembre 2029

Active

Paul Cornelis

Director · since 21 décembre 2023 · until 20 décembre 2029

Active

Ended mandates

Edy Cornelis

Director · since 14 août 2017 · until 31 mai 2023

Ended

Edy Cornelis

Managing director · since 14 août 2017 · until 31 mai 2023

Ended

Ivo Cornelis

Director · since 14 août 2017 · until 31 mai 2023

Ended

Ivo Cornelis

Managing director · since 14 août 2017 · until 31 mai 2023

Ended

At this address

Other companies at this address

Company	CBE no.
DIALCO● Active	0456.868.119
Transport Cornelis● Active	0413.646.602

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Full 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	01/07/2026	28/07/2025	26/07/2024	30/06/2023	29/07/2022	22/07/2021
General meeting	18/06/2026	30/06/2025	29/06/2024	31/05/2023	31/05/2022	30/06/2021
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	18/06/2026	01/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	28/07/2025	Dutch	PDF
Abridged model	31/12/2023	29/06/2024	26/07/2024	Dutch	PDF
Abridged model	31/12/2022	31/05/2023	30/06/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	29/07/2022	Dutch	PDF
Full model	31/12/2020	30/06/2021	22/07/2021	Dutch	PDF
Full model	31/12/2019	24/07/2020	17/08/2020	Dutch	PDF
Full model	31/12/2018	31/05/2019	30/08/2019	Dutch	PDF
Full model	31/12/2017	31/05/2018	23/07/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	07/08/2017	Dutch	PDF
Full model	31/12/2015	31/05/2016	21/06/2016	Dutch	PDF
Full model	31/12/2014	31/05/2015	20/08/2015	Dutch	PDF
Full model	31/12/2013	31/05/2014	01/08/2014	Dutch	PDF
Full model	31/12/2012	31/05/2013	16/08/2013	Dutch	PDF
Full model	31/12/2011	31/05/2012	10/07/2012	Dutch	PDF
Abridged model	31/12/2010	31/05/2011	30/08/2011	Dutch	PDF
Abridged model	31/12/2009	31/05/2010	24/08/2010	Dutch	PDF
Abridged model	31/12/2008	06/06/2009	21/08/2009	Dutch	PDF
Abridged model	31/12/2007	31/05/2008	26/08/2008	Dutch	PDF
Abridged model	31/12/2006	31/05/2007	27/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 4 active · 22 ended

Active mandates

Edy Cornelis

Director · since 21 décembre 2023 · until 20 décembre 2029

Active

Ivo Cornelis

Director · since 21 décembre 2023 · until 20 décembre 2029

Active

Luc Cornelis

Director · since 21 décembre 2023 · until 20 décembre 2029

Active

Paul Cornelis

Director · since 21 décembre 2023 · until 20 décembre 2029

Active

Ended mandates

Edy Cornelis

Director · since 14 août 2017 · until 31 mai 2023

Ended

Edy Cornelis

Managing director · since 14 août 2017 · until 31 mai 2023

Ended

Ivo Cornelis

Director · since 14 août 2017 · until 31 mai 2023

Ended

Ivo Cornelis

Managing director · since 14 août 2017 · until 31 mai 2023

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates03/05/2024
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/08/2017
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/03/2012
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares27/01/2012
KAPITAAL - AANDELEN
PDF
Mandates25/08/2005
ONTSLAGEN - BENOEMINGEN
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 2025122,1 k €↑
2024
Annual accounts 2024-229,9 k €↓
2023
Annual accounts 202350,3 k €↓
2022
Annual accounts 202273,6 k €↑
2021
Annual accounts 202156,6 k €↑
2018
Annual accounts 201849,3 k €↑
2017
Annual accounts 201745,6 k €↑
2016
Annual accounts 201633,5 k €↓
2015
Annual accounts 201540,6 k €↓
2014
Annual accounts 201441,6 k €↓
2013
Annual accounts 201373 k €↑
2012
Annual accounts 201253,5 k €↓
2011
Annual accounts 201163,9 k €↑
2010
Annual accounts 201062,3 k €↑
2009
Annual accounts 200954,6 k €↓
2008
Annual accounts 200877,4 k €↑
2007
Annual accounts 200751 k €↓
2006
Annual accounts 200657,6 k €
20/11/1986
IncorporationPublic 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 Heating

Overview

What does Cornelis Heating do?

Trend over 18 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