C.D.E.
ActiveSummary
The computed 12-month bankruptcy probability of C.D.E. is 4.2% (elevated). The 2025 annual accounts show negative equity (-€363,169) and a net result of -€608,546. Equity is shrinking by about 26% per year across the filed financial years. Its solvency ranks better than 5% of 2,436 sector peers (NACE 43, financial year 2025). The company has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 14.2 FTE
- Equity
- -€363,169
- Loss
- -€608,546
- Parent
- RS CAPITAL · 100%
- Roland ServaisDirector
- RS CAPITALManaging director · permanent representative SERVAIS Renaud Philippe Roland
Why 46raises riskNegative equity -€363,169Loss of €608,546 (financial year 2025)Sector: Specialised construction activities (NACE 43)lowers riskLiquidity: current ratio 0.91, cash €251,674Show the evidence
Checked score
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small): better than 1% on solvency, 17% on liquidity and 2% on profitability.
The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average on the deadline day; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2025 · full…
- Weakest financial yearnet -€608,546
- Amendment of the articles · Resignations…Reappointments: RS CAPITAL (director) and…
Financials · financial year 2025, full format
2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00448056.
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €587,037 after €138,623 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 678 companies that looked in July 2024 the way this one looks now, 6.8% went bankrupt within 24 months and 84.5% are still going.
- Small
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 4.2% 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 497,445 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% | 0.9% |
| 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 74.5% 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 678 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €0.01m | €0 | - | €0.03m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.7m | €0.8m | €0.9m | €1.7m | ▲ 95.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.03m | €0.03m | €0.03m | €0.009m | €0.02m | €0.02m | €0.03m | ▲ 36.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €0.005m | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €0.001m | €0.003m | €0.01m | €0.005m | ▼ 59.2% |
| Non-recurring operating charges66A | - | - | - | €0.005m | €0 | - | - | - |
| Gross operating margin9900 | €0.9m | €1.2m | €1.1m | €1.4m | €1.0m | €1.0m | €1.1m | ▲ 10.2% |
| Operating profit (loss)9901 | €0.3m | €0.4m | €0.4m | €0.7m | €0.2m | €0.1m | -€0.6m | - |
| Financial income75/76B | - | - | - | €0 | €0.003m | €0.009m | €0.001m | ▼ 85.0% |
| Recurring financial income75 | €0.002m | €0.002m | €24 | €0 | €0.003m | €0.009m | €0.001m | ▼ 85.0% |
| Financial charges65/66B | - | - | - | €0.004m | €0.007m | €0.008m | €0.02m | ▲ 176% |
| Recurring financial charges65 | €0.01m | €0.02m | €0.007m | €0.004m | €0.007m | €0.008m | €0.02m | ▲ 176% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.4m | €0.4m | €0.7m | €0.2m | €0.1m | -€0.6m | - |
| Income taxes67/77 | €0.09m | €0.2m | €0.1m | €0.2m | €0.06m | €0.04m | €245 | ▼ 99.4% |
| Profit (loss) for the period9904 | €0.2m | €0.3m | €0.3m | €0.5m | €0.2m | €0.1m | -€0.6m | - |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.5m | €0.3m | €0.5m | €0.2m | €0.1m | -€0.6m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €1.3m | €1.5m | €1.4m | €1.6m | €1.7m | €1.5m | €1.3m | ▼ 16.3% |
| Fixed assets21/28 | €0.2m | €0.06m | €0.07m | €0.06m | €0.07m | €0.3m | €0.05m | ▼ 83.4% |
| Tangible fixed assets22/27 | €0.05m | €0.06m | €0.07m | €0.06m | €0.04m | €0.03m | €0.03m | ▲ 20.6% |
| Land and buildings22 | - | - | - | - | - | - | €0.002m | - |
| Plant, machinery and equipment23 | - | - | - | €0.008m | €0.005m | €0.003m | €0.001m | ▼ 64.5% |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.02m | €0.01m | €0.02m | ▲ 73.0% |
| Other tangible fixed assets26 | - | - | - | €0.01m | €0.01m | €0.01m | €0.008m | ▼ 29.0% |
| Financial fixed assets28 | €0.1m | €80 | €80 | €80 | €0.03m | €0.3m | €0.01m | ▼ 94.6% |
| Current assets29/58 | €1.1m | €1.4m | €1.4m | €1.6m | €1.7m | €1.2m | €1.2m | ▼ 0.7% |
| Stocks and contracts in progress3 | €0.02m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Stocks30/36 | - | - | - | €0.01m | €0.01m | €0.01m | €0.01m | = |
| Amounts receivable within one year40/41 | €0.6m | €0.6m | €0.8m | €0.6m | €0.9m | €1.0m | €0.9m | ▼ 6.3% |
| Trade receivables40 | - | - | - | €0.5m | €0.5m | €0.6m | €0.5m | ▼ 13.5% |
| Other amounts receivable41 | - | - | - | €0.1m | €0.3m | €0.4m | €0.4m | ▲ 4.5% |
| Current investments50/53 | €0.4m | €0.4m | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €0.1m | €0.4m | €0.5m | €0.9m | €0.8m | €0.2m | €0.3m | ▲ 29.4% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | €0.008m | €0.007m | €0.004m | ▼ 36.7% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €1.3m | €1.5m | €1.4m | €1.6m | €1.7m | €1.5m | €1.3m | ▼ 16.3% |
| Equity10/15 | €0.6m | €0.4m | €0.4m | €0.4m | €0.1m | €0.2m | -€0.4m | - |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.3m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Profit (loss) carried forward14 | €0.2m | €0.3m | €0.3m | €0.2m | €0.001m | €0.1m | -€0.5m | - |
| Provisions and deferred taxes16 | €0.1m | €0.04m | - | - | - | - | - | - |
| Amounts payable17/49 | €0.6m | €1.0m | €1.0m | €1.3m | €1.6m | €1.3m | €1.6m | ▲ 28.9% |
| Amounts payable after more than one year17 | €0.1m | - | - | €0.02m | €0.01m | €0.008m | €0.002m | ▼ 74.6% |
| Financial debts170/4 | - | - | - | €0.02m | €0.01m | €0.008m | €0.002m | ▼ 74.6% |
| Amounts payable within one year42/48 | €0.4m | €1.0m | €1.0m | €1.2m | €1.6m | €1.3m | €1.3m | ▲ 6.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.1m | €0.004m | €0.004m | €0.004m | ▲ 3.2% |
| Financial debts43 | - | - | - | - | €0.2m | €0.05m | €0.2m | ▲ 395% |
| Credit institutions430/8 | - | - | - | - | €0.2m | €0.05m | €0.2m | ▲ 395% |
| Trade debts44 | €0.3m | €0.3m | €0.6m | €0.5m | €0.9m | €0.7m | €0.8m | ▲ 10.3% |
| Suppliers440/4 | - | - | - | €0.5m | €0.9m | €0.7m | €0.8m | ▲ 10.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.08m | €0.1m | €0.3m | ▲ 136% |
| Taxes450/3 | - | - | - | €0 | €0.004m | €0.02m | €0.02m | ▲ 15.2% |
| Remuneration and social security454/9 | - | - | - | €0.06m | €0.08m | €0.1m | €0.3m | ▲ 161% |
| Other amounts payable47/48 | - | - | - | €0.6m | €0.4m | €0.4m | €0.03m | ▼ 93.3% |
| Accrued charges and deferred income492/3 | - | - | - | €383 | €0 | - | €0.3m | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €233,759 | €285,705 | €299,909 | €538,415 | €178,382 | €101,494 | -€608,546 | - |
| + Depreciation and write-downs630 | €29,083 | €29,694 | €28,058 | €9,343 | €18,152 | €18,398 | €25,026 | ▲ 36.0% |
| Operating cash flow (approximation) | €262,842 | €315,399 | €327,966 | €547,758 | €196,534 | €119,892 | -€583,520 | - |
| Investment in fixed assets (approximation) | - | €65,218 | -€43,662 | €9,128 | -€28,490 | -€235,459 | €210,984 | - |
| Change in cash | - | €223,913 | €171,366 | €407,948 | -€163,636 | -€575,760 | €57,137 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 32 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 27-08-2026 | 2026-00448056 |
| 30-06-2024 | full format | 04-02-2025 | 2025-00026726 |
| 30-06-2023 | full format | 31-01-2024 | 2024-00019984 |
| 30-06-2022 | full format | 31-01-2023 | 2023-00013295 |
| 30-06-2021 | full format | 13-01-2022 | 2022-00900157 |
| 30-06-2020 | full format | 01-02-2021 | 2021-04200508 |
| 30-06-2019 | full format | 15-01-2020 | 2020-01200297 |
| 30-06-2018 | full format | 15-01-2019 | 2019-01500046 |
| 30-06-2017 | full format | 03-01-2018 | 2018-00200345 |
| 30-06-2016 | full format | 13-01-2017 | 2017-01400237 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Permanent representatives 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Roland Servais |
|
| RS CAPITAL |
|
| Jean Claudio De Nobili |
|
| Vanbever Nathalie |
|
Owners and capital
Owners
1 ownerChain of control
- RS CAPITAL
- C.D.E.
Highest known parent: RS CAPITAL. The sources do not say who stands above it.
Owners 1
- RS CAPITALparentSourceaccounts RS CAPITAL 2025100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Group and network
Connections & network
2 connected companiesThe connected companies are in the list below.
History
Acts, filings and financial milestones
07-07
Gazette deed
Amendment of the articles · Resignations & appointmentsReappointments: RS CAPITAL (director) and ROLAND SERVAIS (director) · Incorporation · Power of attorney9 facts ▸
- General meeting, 26-06-2025
- Incorporation, 09-02-1993
- Other provision, “société anonyme” (deed in French)
- Other provision, 30-09-2022
- Other provision, 29-12-2023
- Other provision, “résolution précédente, prolongation de l’exercice social actuel” (deed in French)
- Director reappointment, RS CAPITAL (director (not named in the articles))
- Director reappointment, ROLAND SERVAIS (director (not named in the articles))
- Power of attorney
15-01
Gazette deed
Reappointments: RS Capital (director) and Roland SERVAIS (director)Appointment: RS Capital (administrateur délégué à la gestion journalière) · Permanent representative: SERVAIS Renaud Philippe Roland · Amendment of the articles12 facts ▸
- General meeting, 29-12-2023
- Amendment of the articles (2 times)
- Capital, €62,000
- Power of attorney, Didier NELLESSEN
- Director reappointment, RS Capital (director (not named in the articles))
- Director reappointment, Roland SERVAIS (director (not named in the articles))
- Director appointment, RS Capital (administrateur délégué à la gestion journalière)
- Permanent representative, SERVAIS Renaud Philippe Roland
- Power of attorney, KUNICA Zoé Ivan Marie Anne (2 times)
- Other provision, “décharge administrateurs démissionnaires, décision reportée à prochaine assemblée générale annuelle” (deed in French)
- Registered office clause, “4141 Sprimont (Louveigné),Rue de la Légende 45/E” (deed in French)
- Other provision, “Titre III Titres - Article 9 Nature des actions” (deed in French)
10-03
Gazette deed
Resignations: Jean Claudio De Nobili (director) and Vanbever Nathalie (director)Appointments: SRL RS CAPITAL (director) and SComm ROLAND SERVAIS (director) · Permanent representatives: Renaud SERVAIS and Roland SERVAIS · Director discharge11 facts ▸
- General meeting, 30-09-2022
- Director resignation, Jean Claudio De Nobili (director)
- Director resignation, Vanbever Nathalie (director)
- Director discharge, Jean Claudio De Nobili (director)
- Director discharge, Vanbever Nathalie (director)
- Director appointment, SRL RS CAPITAL (director)
- Director appointment, SComm ROLAND SERVAIS (director)
- Permanent representative, Renaud SERVAIS
- Permanent representative, Roland SERVAIS
- Registered-office move, Rue de la Légende 45E 4141 SPRIMONT (LOUVEIGNE)
- Board meeting, 30-09-2022
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0449.372.492
Recognitions · licences · registrations
Recognised contractor
5 categories- P1 Electrical installations in buildings, with fire and burglar alarms and telecomsclass 3, up to €600,000
- P2 Electrical and electromechanical installations of structures and industry, outdoor installationsclass 3, up to €600,000
- P3 Overhead power linesclass 1, up to €162,000
- S1 Public telephone and telegraph equipmentclass 1, up to €162,000
- S4 Data processing and process controlclass 1, up to €162,000
Licences in the Official Gazette
1 publicationLegal Entity Identifier
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
2 establishment units
3 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62067D0003/00Z002 | Wallonia | 1.3 ha | 1 · 281 m² | 5.2 m · 1 |
| 25782C0576/00F011 | Wallonia | 2,535 m² | 1 · 273 m² | 6.7 m · 2 |
| 21524C0041/00T021 | Brussels | 553 m² | 1 · 105 m² | 10.9 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'achat,la vente,l'importation,l'exportation,la conception,la fabrication,la transformation,la réparation,la location,le courtage,la…” (deed in French)
10 activities (deed in French)
- L'achat,la vente,l'importation,l'exportation,la conception,la fabrication,la transformation,la réparation,la location,le courtage,la représentation,l'installation de tous biens,services,procédés,droits,produits ou marchandises dont le marché n'est pas actuellement réglementé,et ce plus particulièrement et à titre informatif et non limitatif tous les articles électroménagers,d'éclairage et de lustrerie,l'isolation,le bricolage,les matières plastiques,le bois et les techniques audiovisuelles;le téléphone,la force motrice.
- L'exploitation d'ateliers de réparation de matériel électrique et radio électrique.
- La conception,l’installation,l’entretien et la réparation de systèmes caméras.
- L'installation d'éclairage,de force motrice,de téléphone et informatique.
- La fourniture de main-d'œuvre aux entreprises industrielles et commerciales.
- L'isolation acoustique et thermique.
- L'entreprise de nettoyage sous toutes ses formes.
- L'achat,la vente,l'échange,la mise en valeur,le lotissement,la négociation,la gestion,la gérance et la location de tous immeubles,la construction,la transformation,le parachèvement et l'entretien de tout immeuble,ainsi que le commerce et l'industrie de tous matériaux en matière de construction.
- La conception et la réalisation de tous projets de construction d'immeuble,l'établissement de plans d'exécution et leurs devis,la conclusion de tous marchés et le contrôle de leur exécution et en général toutes opérations de devoirs incombant aux bureaux d'études,en ce compris toutes formalités relatives aux demandes de permis de bâtir ou de lotir,ainsi que la gestion pour le compte des propriétaires de tous biens immobiliers.
- L'entreprise de sécurité et de gardiennage,en ce y compris l'installation de système d'alarme publique et privé dans le sens le plus large du terme.
- Name clauseThe name the company operates under according to its articles.
- C.D.E.
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, établir par simple décision de l’organe d’administration sièges administratifs,agences,ateliers,dépôts et succursales en…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Assemblée générale peut mettre fin à tout moment avec effet immédiat sans motif, 3” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Wednesday of December at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Désignation liquidateurs, organe administration en fonction comme collège” (deed in French)“Pouvoirs liquidateurs, toutes opérations prévues par loi” (deed in French)