C.D.A.
ActiveSummary
C.D.A. has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €89,377 and a net result of -€25,474. Equity is shrinking by ~13.2% per year across the filed fiscal years. Its solvency ranks better than 32% of 2097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability16▲+3
Solvency55▼-4
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity short (current ratio 0.36 against 0.44 in 2024; short-term debt: 70.4% and cash: 12.9% of total assets), and 70.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.6%
Return on assets
-8.4%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€25,474
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
19 d late
2024
28 d late
2023
29 d late
2022
28 d late
2021
29 d late
2020
1 d early
2019
on the day
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#3 oldest company in Lochristi, Construction sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€25,474▼ 50.2%
2024 · -€16,965
Working capital
-€136,838▼ 8.8%
2024 · -€125,823
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€20,745▲ 29.7%-€18,846▲ 9.2%-€18,820▲ 0.1%-€17,446▲ 7.3%-€25,690▼ 47.3%
Net result-€20,806below the sector's middle half▲ 29.5%-€18,886below the sector's middle half▲ 9.2%-€18,859below the sector's middle half▲ 0.1%-€16,965below the sector's middle half▲ 10.0%-€25,474below the sector's middle half▼ 50.2%
Equity€169,560within the sector's middle half▼ 10.9%€150,675within the sector's middle half▼ 11.1%€131,816within the sector's middle half▼ 12.5%€114,851below the sector's middle half▼ 12.9%€89,377below the sector's middle half▼ 22.2%
Total assets€426,227within the sector's middle half▼ 8.1%€397,894below the sector's middle half▼ 6.6%€367,234below the sector's middle half▼ 7.7%€339,416below the sector's middle half▼ 7.6%€302,187below the sector's middle half▼ 11.0%
Debt€256,666▼ 6.1%€247,219▼ 3.7%€235,418▼ 4.8%€224,564▼ 4.6%€212,810▼ 5.2%
Working capital-€114,492below the sector's middle half▼ 2.3%-€118,918below the sector's middle half▼ 3.9%-€123,317below the sector's middle half▼ 3.7%-€125,823below the sector's middle half▼ 2.0%-€136,838below the sector's middle half▼ 8.8%
Solvency39.8%within the sector's middle half▼ 1.3pp37.9%within the sector's middle half▼ 1.9pp35.9%within the sector's middle half▼ 2.0pp33.8%within the sector's middle half▼ 2.1pp29.6%within the sector's middle half▼ 4.3pp
Current ratio0.55below the sector's middle half▼ 0.040.52below the sector's middle half▼ 0.030.48below the sector's middle half▼ 0.040.44below the sector's middle half▼ 0.040.36below the sector's middle half▼ 0.08
Return on assets (ROA)-4.9%below the sector's middle half▲ 1.5pp-4.7%below the sector's middle half▲ 0.1pp-5.1%below the sector's middle half▼ 0.4pp-5.0%below the sector's middle half▲ 0.1pp-8.4%below the sector's middle half▼ 3.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25,690 in 2025 against €17,446 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €302,187
Fixed assets
€226,215 ▼ 6.0%
Current assets
€75,972 ▼ 23.1%
Equity and liabilities €302,187
Equity
€89,377 ▼ 22.2%
Debt
€212,810 ▼ 5.2%
Debt's share of the balance-sheet total rises from 66.2% to 70.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€11,231▼
2024 · -€2,987
Cash flow
-€11,015▼
2024 · -€2,505
Debt to equity
2.38▲
2024 · 1.96
ROE
-28.5%▼
2024 · -14.8%
Debt ≤ 1 year
€212,810▼
2024 · €224,564
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,450 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.5%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,450 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21,495 | €14,459 | €14,459 | €14,459 | €14,459 | = |
| Other operating charges640/8 | €6,371 | €6,503 | €7,630 | €7,810 | €8,109 | ▲ 3.8% |
| Gross operating margin9900 | €7,121 | €2,116 | €3,270 | €4,822 | -€3,121 | ▼ 165% |
| Operating profit (loss)9901 | -€20,745 | -€18,846 | -€18,820 | -€17,446 | -€25,690 | ▼ 47.3% |
| Financial income75/76B | - | - | - | €522 | €216 | ▼ 58.7% |
| Recurring financial income75 | - | - | - | €522 | €216 | ▼ 58.7% |
| Financial charges65/66B | €60 | €39 | €39 | €41 | €0 | ▼ 100% |
| Recurring financial charges65 | €60 | €39 | €39 | €41 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | -€20,806 | -€18,886 | -€18,859 | -€16,965 | -€25,474 | ▼ 50.2% |
| Profit (loss) for the period9904 | -€20,806 | -€18,886 | -€18,859 | -€16,965 | -€25,474 | ▼ 50.2% |
| Profit (loss) for the period to be appropriated9905 | -€20,806 | -€18,886 | -€18,859 | -€16,965 | -€25,474 | ▼ 50.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €426,227 | €397,894 | €367,234 | €339,416 | €302,187 | ▼ 11.0% |
| Fixed assets21/28 | €284,052 | €269,593 | €255,133 | €240,674 | €226,215 | ▼ 6.0% |
| Tangible fixed assets22/27 | €284,052 | €269,593 | €255,133 | €240,674 | €226,215 | ▼ 6.0% |
| Land and buildings22 | €201,746 | €195,354 | €188,962 | €182,569 | €176,177 | ▼ 3.5% |
| Furniture and vehicles24 | €2,844 | €2,200 | €1,557 | €913 | €270 | ▼ 70.5% |
| Other tangible fixed assets26 | €79,462 | €72,039 | €64,615 | €57,192 | €49,768 | ▼ 13.0% |
| Current assets29/58 | €142,175 | €128,301 | €112,101 | €98,741 | €75,972 | ▼ 23.1% |
| Amounts receivable within one year40/41 | €7,381 | - | €7,381 | €7,538 | €36,970 | ▲ 390% |
| Trade receivables40 | €7,381 | - | €7,381 | €7,381 | €36,905 | ▲ 400% |
| Other amounts receivable41 | - | - | - | €157 | €65 | ▼ 58.7% |
| Cash at bank and in hand54/58 | €134,794 | €128,301 | €104,720 | €91,204 | €39,003 | ▼ 57.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €426,227 | €397,894 | €367,234 | €339,416 | €302,187 | ▼ 11.0% |
| Equity10/15 | €169,560 | €150,675 | €131,816 | €114,851 | €89,377 | ▼ 22.2% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €13,314 | €13,314 | €13,314 | €13,314 | €13,314 | = |
| Non-distributable reserves130/1 | €13,314 | €13,314 | €13,314 | €13,314 | €13,314 | = |
| Legal reserve130 | €13,314 | €13,314 | €13,314 | €13,314 | €13,314 | = |
| Profit (loss) carried forward14 | €94,246 | €75,360 | €56,502 | €39,537 | €14,063 | ▼ 64.4% |
| Amounts payable17/49 | €256,666 | €247,219 | €235,418 | €224,564 | €212,810 | ▼ 5.2% |
| Amounts payable within one year42/48 | €256,666 | €247,219 | €235,418 | €224,564 | €212,810 | ▼ 5.2% |
| Trade debts44 | €1,109 | €1,266 | €1,160 | €1,195 | €1,342 | ▲ 12.3% |
| Suppliers440/4 | €1,109 | €1,266 | €1,160 | €1,195 | €1,342 | ▲ 12.3% |
| Taxes, remuneration and social security45 | €6,104 | €6,082 | €5,764 | €6,030 | €6,070 | ▲ 0.7% |
| Taxes450/3 | €6,104 | €6,082 | €5,764 | €6,030 | €6,070 | ▲ 0.7% |
| Other amounts payable47/48 | €249,453 | €239,871 | €228,494 | €217,339 | €205,398 | ▼ 5.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,806 | -€18,886 | -€18,859 | -€16,965 | -€25,474 | ▼ 50.2% |
| + Depreciation and write-downs630 | €21,495 | €14,459 | €14,459 | €14,459 | €14,459 | = |
| Operating cash flow (approximation) | €690 | -€4,427 | -€4,399 | -€2,505 | -€11,015 | ▼ 340% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€6,493 | -€23,582 | -€13,516 | -€52,201 | ▼ 286% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
19-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 19 days late
2025
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 28 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 29 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€29,513
Net result drops to -€29,513, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
06-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 24 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 0 of 8 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lochristi
Ground area
868 m²
Building footprint
273 m²
Volume, LiDAR
1,339 m³
Parcel 44034C0951/00R002, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44034C0951/00R002 | Flanders | 868 m² | 1 · 273 m² | 7.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 20,017 companies in this sector we hold annual accounts for 9,142. 7,695 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPublic limited company
Founded26-01-1978
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0417944690
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.