ACTIVE

CORNELIS PROJECTS

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Financial year 2025 · closed on 30/06/2025

Net result

20,4 k €

+56.3% YoY

Gross margin

255,3 k €

+2.3% YoY

Equity

383,1 k €

+5.6% YoY

Workforce

3,3 ETP

-21.4% YoY

What does CORNELIS PROJECTS do?

CORNELIS PROJECTS is a Public limited company incorporated in 2003. Its registered office is in Lievegem. It employs on average 3,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.287.292

Incorporation

10/01/2003

Legal form

Public limited company

Registered office

Beke 22
9950 Lievegem · FlandreSee on map

Contributed capital

250 000,00 €

Latest accounts

30/06/2025

Average workforce

3,3 ETP

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	255,3 k €	+2.3%	249,6 k €	-1.6%	253,5 k €	-57.0%	589 k €	+117%	271,3 k €	-7.0%	291,8 k €	+5.7%	276 k €	-1.8%	281,2 k €	-23.0%	365,3 k €	+18.3%	308,9 k €	-15.6%	366,1 k €	+4.6%	350 k €	-9.2%	385,6 k €	+16.6%	330,8 k €	+3.0%	321,3 k €	+4.0%	308,9 k €	-25.7%	415,6 k €	+310%	101,4 k €
EBITDA	59,3 k €	+43.6%	41,3 k €	+121%	18,7 k €	-90.5%	196,3 k €	+230%	59,5 k €	-28.8%	83,5 k €	+51.2%	55,2 k €	-7.0%	59,4 k €	-3.4%	61,5 k €	+51.6%	40,5 k €	-48.9%	79,3 k €	-4.7%	83,3 k €	-11.0%	93,6 k €	+60.2%	58,4 k €	-19.2%	72,2 k €	-7.9%	78,4 k €	-54.9%	173,9 k €	+327%	-76,7 k €
Operating result	43,5 k €	+55.8%	27,9 k €	+88.1%	14,8 k €	-92.3%	192,7 k €	+234%	57,8 k €	-29.4%	81,8 k €	+52.8%	53,6 k €	+1.5%	52,8 k €	+17.1%	45,1 k €	+134%	19,3 k €	-66.8%	58,1 k €	-4.4%	60,8 k €	-12.8%	69,7 k €	+72.7%	40,3 k €	-33.3%	60,5 k €	-9.3%	66,7 k €	-58.4%	160,4 k €	+273%	-92,9 k €
Net result	20,4 k €	+56.3%	13 k €	+51.0%	8,6 k €	-94.9%	169,4 k €	+356%	37,2 k €	-47.9%	71,3 k €	+34.6%	53 k €	+1.1%	52,4 k €	+32.6%	39,5 k €	+168%	14,8 k €	-71.6%	52 k €	-13.0%	59,8 k €	+1.8%	58,8 k €	+95.6%	30,1 k €	-30.4%	43,2 k €	-5.4%	45,7 k €	-67.5%	140,4 k €	+245%	-97 k €
Balance sheet
Equity	383,1 k €	+5.6%	362,7 k €	+3.7%	349,7 k €	+2.5%	341,1 k €	+34.9%	252,8 k €	-0.1%	253,2 k €	+9.2%	231,9 k €	-16.9%	278,9 k €	+0.9%	276,5 k €	-23.6%	361,9 k €	+4.3%	347,1 k €	+3.6%	335,1 k €	+3.0%	325,3 k €	+6.1%	306,5 k €	+10.9%	276,4 k €	+18.5%	233,2 k €	+24.4%	187,5 k €	+298%	47,1 k €
Total assets	2,1 M €	+30.0%	1,6 M €	+114%	749,8 k €	-23.2%	976,8 k €	+68.9%	578,4 k €	-7.6%	625,8 k €	-9.7%	693,1 k €	-31.4%	1 M €	+51.2%	668,4 k €	-40.4%	1,1 M €	+71.4%	654,4 k €	-7.6%	708,1 k €	-23.8%	929,7 k €	+41.0%	659,3 k €	-16.7%	791,6 k €	+86.9%	423,5 k €	+31.6%	321,8 k €	-40.0%	536 k €
Cash	466,7 k €	+140%	194,4 k €	-31.3%	282,7 k €	-28.8%	396,9 k €	+2.0%	389,1 k €	+19.3%	326,1 k €	-8.9%	357,9 k €	-31.1%	519,6 k €	+1.3%	513,1 k €	+83.4%	279,7 k €	-35.2%	431,7 k €	+41.1%	305,9 k €	-17.5%	370,9 k €	-18.7%	456 k €	+69.0%	269,9 k €	-12.3%	307,7 k €	+810%	33,8 k €	-74.2%	130,9 k €
Debts	1,7 M €	+37.2%	1,2 M €	+219%	390 k €	-38.3%	632,4 k €	+94.3%	325,6 k €	-12.6%	372,7 k €	-19.2%	461,3 k €	-37.0%	731,9 k €	+98.5%	368,8 k €	-51.4%	759 k €	+147%	307,2 k €	-17.2%	371 k €	-38.6%	604,5 k €	+83.2%	330 k €	-35.8%	513,9 k €	+341%	116,4 k €	-11.9%	132,1 k €	-73.0%	488,9 k €
Other
Workforce	3,3 ETP	-21.4%	4,2 ETP	-72.5%	15,3 ETP	+219%	4,8 ETP	-2.0%	4,9 ETP	+8.9%	4,5 ETP	-8.2%	4,9 ETP	-9.3%	5,4 ETP	-21.7%	6,9 ETP	+23.2%	5,6 ETP	-8.2%	6,1 ETP	+1.7%	6,0 ETP	-9.1%	6,6 ETP	-9.6%	7,3 ETP	+10.6%	6,6 ETP	-5.7%	7,0 ETP	+11.1%	6,3 ETP	+14.5%	5,5 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 30/06/2025 · 3 active · 13 ended

Active mandates

Corhold

Director · 0846.357.563

Represented by PHILIP CORNELIS

Active

INVIBO

Director · until 02 septembre 2025 · 0648.820.726

Represented by VINCENT BALLIU

Active

JMR CONSTRUCT

Director · until 02 septembre 2025 · 0787.600.804

Represented by JOACHIM FOVEL

Active

Ended mandates

INVIBO

Director · since 01 juillet 2022 · 0648.820.726

Represented by VINCENT BALLIEU

Ended

JMR CONSTRUCT

Director · since 01 juillet 2022 · 0787.600.804

Represented by JOACHIM FOVEL

Ended

INVIBO

Director · since 01 avril 2016 · 0648.820.726

Represented by VINCENT BALLIU

Ended

INVIBO

Manager · since 01 avril 2016 · 0648.820.726

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2020	2019
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/10/2020	01/10/2019	01/10/2018
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/09/2020	30/09/2019
Length of the financial year	12 months	12 months	12 months	21 months	12 months	12 months
Filing date	14/01/2026	31/01/2025	09/02/2024	23/12/2022	30/03/2021	31/03/2020
General meeting	15/12/2025	31/12/2024	15/01/2024	30/11/2022	01/03/2021	28/02/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	15/12/2025	14/01/2026	Dutch	PDF
Abridged model	30/06/2024	31/12/2024	31/01/2025	Dutch	PDF
Abridged model	30/06/2023	15/01/2024	09/02/2024	Dutch	PDF
Abridged model	30/06/2022	30/11/2022	23/12/2022	Dutch	PDF
Abridged model	30/09/2020	01/03/2021	30/03/2021	Dutch	PDF
Abridged model	30/09/2019	28/02/2020	31/03/2020	Dutch	PDF
Abridged model	30/09/2018	20/03/2019	29/03/2019	Dutch	PDF
Abridged model	30/09/2017	15/03/2018	30/03/2018	Dutch	PDF
Abridged model	30/09/2016	20/03/2017	30/03/2017	Dutch	PDF
Abridged model	30/09/2015	29/02/2016	31/03/2016	Dutch	PDF
Abridged model	30/09/2014	28/02/2015	27/03/2015	Dutch	PDF
Abridged model	30/09/2013	15/03/2014	03/04/2014	Dutch	PDF
Abridged model	30/09/2012	30/03/2013	19/04/2013	Dutch	PDF
Abridged model	30/09/2011	28/02/2012	23/03/2012	Dutch	PDF
Abridged model	30/09/2010	28/02/2011	22/03/2011	Dutch	PDF
Abridged model	30/09/2009	15/03/2010	26/03/2010	Dutch	PDF
Abridged model	30/09/2008	28/02/2009	26/03/2009	Dutch	PDF
Abridged model	30/09/2007	28/02/2008	19/03/2008	Dutch	PDF
Abridged model	30/09/2006	28/02/2007	23/03/2007	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 30/06/2025 · 3 active · 13 ended

Active mandates

Corhold

Director · 0846.357.563

Represented by PHILIP CORNELIS

Active

INVIBO

Director · until 02 septembre 2025 · 0648.820.726

Represented by VINCENT BALLIU

Active

JMR CONSTRUCT

Director · until 02 septembre 2025 · 0787.600.804

Represented by JOACHIM FOVEL

Active

Ended mandates

INVIBO

Director · since 01 juillet 2022 · 0648.820.726

Represented by VINCENT BALLIEU

Ended

JMR CONSTRUCT

Director · since 01 juillet 2022 · 0787.600.804

Represented by JOACHIM FOVEL

Ended

INVIBO

Director · since 01 avril 2016 · 0648.820.726

Represented by VINCENT BALLIU

Ended

INVIBO

Manager · since 01 avril 2016 · 0648.820.726

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates26/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/12/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates15/06/2016
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/04/2011
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares16/07/2010
DOEL - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office08/11/2005
MAATSCHAPPELIJKE ZETEL
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 202520,4 k €↑
2024
Annual accounts 202413 k €↑
2023
Annual accounts 20238,6 k €↓
2022
Annual accounts 2022169,4 k €↑
2020
Annual accounts 202037,2 k €↓
2019
Annual accounts 201971,3 k €↑
2018
Annual accounts 201853 k €↑
2017
Annual accounts 201752,4 k €↑
2016
Annual accounts 201639,5 k €↑
2015
Annual accounts 201514,8 k €↓
2014
Annual accounts 201452 k €↓
2013
Annual accounts 201359,8 k €↑
2012
Annual accounts 201258,8 k €↑
2011
Annual accounts 201130,1 k €↓
2010
Annual accounts 201043,2 k €↓
2009
Annual accounts 200945,7 k €↓
2008
Annual accounts 2008140,4 k €↑
2007
Annual accounts 2007-97 k €
10/01/2003
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 PROJECTS

Overview

What does CORNELIS PROJECTS 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