OPENING OF BANKRUPTCY

CORNERSTONES DEVELOPMENT

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Financial year 2024 · closed on 31/12/2024
Net result
6,7 k €
+101.8% YoY
Gross margin
4,4 k €
+109.2% YoY
Equity
-1,1 M €
+0.6% YoY
Workforce
0,8 ETP
0.0% YoY

Company — Opening of bankruptcy.

What does CORNERSTONES DEVELOPMENT do?

CORNERSTONES DEVELOPMENT is a Private limited company incorporated in 2007. Its main activity is: Construction of buildings. Its registered office is in Kontich. It employs on average 0,8 ETP workers (FTE).

Legal situation
● Opening of bankruptcy
BCE/KBO no. / VAT
BE 0890.422.485
Incorporation
28/06/2007
Legal form
Private limited company
Registered office
Prins Boudewijnlaan 24C box 2
2550 Kontich · FlandreSee on map
Contributed capital
1 890 843,24 €
Latest accounts
31/12/2024
Average workforce
0,8 ETP
Activities (NACE)
41001Construction of buildings· main41201Construction of residential and non-residential buildings45211Maintenance and repair of motor vehicles45212Maintenance and repair of motor vehicles
Joint committees (1)
  • 200
Signals
ProfitablePositive cashflowHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 16 financial years

2024202320222021202020192018201720152014201320122011201020092008
Income statement
Gross margin4,4 k €-47,6 k €-443,8 k €110 k €-947,7 k €-5,7 M €69,9 k €238,4 k €199,4 k €38,4 k €6,2 k €-36,9 k €21,3 k €-188,5 €54,3 k €-61,5 k €
EBITDA-65,7 k €-119 k €-549,3 k €-93,4 k €-1,1 M €-5,8 M €153,5 k €283,4 k €45,2 k €36,5 k €5,4 k €-37,4 k €18,8 k €-1,7 k €53,1 k €-64,1 k €
Operating result-72 k €-125,9 k €-562,9 k €-109 k €-1,1 M €-5,8 M €114 k €226,7 k €16,9 k €13,8 k €5,4 k €-45,4 k €7,8 k €-2,4 k €52,5 k €-65,1 k €
Net result6,7 k €-377,9 k €-565,4 k €-163,7 k €2,8 M €-4,7 M €40 k €7,7 k €13,7 k €12 k €543 €-45,5 k €8,1 k €-2,5 k €51,9 k €-65 k €
Balance sheet
Equity-1,1 M €-1,1 M €-690,8 k €-125,4 k €38,3 k €-2,7 M €1,9 M €698,6 k €729,4 k €715,7 k €-46,2 k €-46,8 k €-1,3 k €-9,4 k €-6,9 k €-58,8 k €
Total assets662,7 k €1,7 M €2,4 M €6,3 M €5,7 M €5,1 M €8,4 M €4,7 M €3,4 M €1,1 M €737,9 k €139,2 k €46,7 k €73,1 k €54 k €116,1 k €
Cash6,4 €34,7 k €462,9 k €1,2 M €1,7 M €1,4 M €97 k €22,6 k €4,9 k €15,2 k €2,1 k €20,6 k €1,9 k €3,8 k €15,5 k €25,9 k €
Debts1,7 M €2,8 M €3,1 M €6,4 M €5,7 M €7,9 M €6,2 M €4 M €2,2 M €416,6 k €782,4 k €186 k €37,7 k €82,5 k €60,9 k €174,9 k €
Other
Workforce0,8 ETP0,8 ETP1,3 ETP1,8 ETP2,1 ETP5,3 ETP4,5 ETP2,0 ETP2,0 ETP–––––––
Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 11 ended

Active mandates

PRAGMANI

Director · 0451.667.632

Represented by Koen Ickroth

Active

Ended mandates

Daniel Lutz

Manager · since 01 janvier 2011 · until 16 février 2011

Ended
Anenko Invest

Director · 0650.846.937

Represented by Anja Degadt

Ended
Daniel Lutz

Manager

Ended
Daniël LUTZ

Manager · until 16 février 2011

Ended
At this address

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0443.899.714
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0677.419.096
FinBeez● Active
0670.824.680
Honeycomb● Active
0779.395.988
PRAGMANI● Active
0451.667.632
R-VARING● Active
0430.385.832
Annual accounts

Full financial information

202420232022202120202019
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date18/09/202507/10/202421/09/202304/08/202225/10/202109/11/2020
General meeting09/06/202510/06/202412/06/202313/06/202222/10/202108/06/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

17 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202409/06/202518/09/2025DutchPDF
Abridged model31/12/202310/06/202407/10/2024DutchPDF
Abridged model31/12/202212/06/202321/09/2023DutchPDF
Abridged model31/12/202113/06/202204/08/2022DutchPDF
Abridged model31/12/202022/10/202125/10/2021DutchPDF
Abridged model31/12/201908/06/202009/11/2020DutchPDF
Abridged model31/12/201810/06/201929/07/2019DutchPDF
Abridged model31/12/201711/06/201828/06/2018DutchPDF
Abridged model30/06/201629/09/201627/10/2016DutchPDF
Abridged model31/12/201504/06/201631/08/2016DutchPDF
Abridged model31/12/201406/06/201508/09/2015DutchPDF
Abridged model31/12/201307/06/201429/08/2014DutchPDF
Abridged model31/12/201205/08/201330/08/2013DutchPDF
Abridged model31/12/201102/06/201231/07/2012DutchPDF
Abridged model31/12/201004/06/201131/10/2011DutchPDF
Abridged model31/12/200926/06/201028/09/2010DutchPDF
Abridged model31/12/200828/06/200914/07/2009DutchPDF
Estimate

Indicative valuation

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 31/12/2024 · 1 active · 11 ended

Active mandates

PRAGMANI

Director · 0451.667.632

Represented by Koen Ickroth

Active

Ended mandates

Daniel Lutz

Manager · since 01 janvier 2011 · until 16 février 2011

Ended
Anenko Invest

Director · 0650.846.937

Represented by Anja Degadt

Ended
Daniel Lutz

Manager

Ended
Daniël LUTZ

Manager · until 16 février 2011

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office07/04/2023
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates11/02/2022
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates23/09/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares11/02/2019
    KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates12/07/2017
    ONTSLAGEN - BENOEMINGEN - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Restructuring08/08/2016
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring19/05/2016
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Capital / shares23/12/2015
    KAPITAAL - AANDELEN
    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

Timeline

  1. 2024
    Annual accounts 20246,7 k €↑
  2. 2023
    Annual accounts 2023-377,9 k €↑
  3. 2022
    Annual accounts 2022-565,4 k €↓
  4. 2021
    Annual accounts 2021-163,7 k €↓
  5. 2020
    Annual accounts 20202,8 M €↑
  6. 2019
    Annual accounts 2019-4,7 M €↓
  7. 2018
    Annual accounts 201840 k €↑
  8. 2017
    Annual accounts 20177,7 k €↓
  9. 2015
    Annual accounts 201513,7 k €↑
  10. 2014
    Annual accounts 201412 k €↑
  11. 2013
    Annual accounts 2013543 €↑
  12. 2012
    Annual accounts 2012-45,5 k €↓
  13. 2011
    Annual accounts 20118,1 k €↑
  14. 2010
    Annual accounts 2010-2,5 k €↓
  15. 2009
    Annual accounts 200951,9 k €↑
  16. 2008
    Annual accounts 2008-65 k €
  17. 28/06/2007
    IncorporationPrivate limited company