C & D PROJECTS
ActiveSummary
C & D PROJECTS has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €28.0m and a net result of €285,214. Equity has been growing by about 3.8% per year since 2019. Its solvency ranks better than 90% of 174 sector peers (NACE 68, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-02-1991 Normal situation
- Activity
- Renting and operating of own or leased residential real estate, excluding social housing NACE 68201and 1 other
- Establishment unit
- 2.160.170.006 9000 Gent, since 14-02-2000
- Financial year end
- 31 March
- Peppol
- Reachable since 21-10-2026
Board and ownership
- CLAERHOUT PieterManaging director
- DE COOMAN NathalieManaging director
- Holdings
- Shares in 15 companies including 1212 RETAIL CO-BRANDING and AVINCI
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €575,805
- ▲ 20.1%
- Turnover
- ≈ €650,000
- estimated
- Profit
- €285,214
- ▼ 82.2%
- Equity
- €28.0m
- ▲ 1.0%
- Total assets
- €30.3m
- ▲ 0.7%
- Employees on 31-03-2026
- 3
- =
Score breakdownraises riskLiquidity: current ratio 112.99, cash €1.5mlowers riskSize: 2.4 FTE, total assets €30.3mFounded in 1991Equity €28.0m (92.3% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 68, micro). It does better than 91% of them on solvency, 67% on liquidity, 44% on profitability and 49% on growth.
The bankruptcy probability was computed on 03-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 33 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, full format
Annual accounts 2026 filed on 24-09-2026 at the NBB all 35 filings
Every figure per financial year
The operating result for 2026 is 74% higher than in 2025 and the highest since 2022. It is the second rise in a row, after the fall in 2024.
- 2026 Net result -82% on 2025. The accounts now follow the full format, last year the abbreviated format.
- 2025 Net result +957% on 2024. Merger absorbing Icons and Kings, Official Gazette 22-09-2023, in the previous financial year. That operation now counts for a full year for the first time.
- 2024 Net result -94% on 2023. Merger absorbing Icons and Kings, Official Gazette 22-09-2023.
The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 5 | 3 | 3 |
| full-time | 2 | 3 | 2 | 2 | 1 |
| part-time | 3 | 2 | 3 | 1 | 2 |
| in full-time equivalents | 3.8 | 4.3 | 3.8 | 2.4 | 2.3 |
| Average over the year, in full-time equivalents | 4 | 3.5 | 4.1 | 3.6 | 2.4 |
| On a permanent contract | 5 | 5 | 5 | 3 | 3 |
| Joined | 1 | 1 | - | 0 | 1 |
| Left | 1 | 1 | - | 2 | 1 |
Source: social balance sheet in the 2022 to 2026 annual accounts
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Financial fixed assets | - | €1.9m | - | €82,879 | - |
| Depreciation and write-downs of the year | €137,541 | €131,755 | €114,460 | €82,464 | €72,273 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | ▼ 24.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.07m | ▼ 12.4% |
| Other operating charges640/8 | - | - | - | €0.01m | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 2.8% |
| Gross operating margin9900 | €0.6m | €0.7m | €0.3m | €0.5m | €0.6m | €0.5m | €0.5m | €0.6m | ▲ 20.1% |
| Operating profit (loss)9901 | €0.2m | €0.3m | €0.05m | €0.3m | €0.3m | €0.2m | €0.2m | €0.4m | ▲ 74.2% |
| Financial income75/76B | - | - | - | €0.05m | €2.3m | €0.1m | €1.6m | €0.1m | ▼ 92.0% |
| Recurring financial income75 | €3.2m | €2.0m | €0.02m | €0.05m | €2.3m | €0.1m | €1.6m | €0.1m | ▼ 92.0% |
| Non-recurring financial income76B | - | - | - | - | €0.001m | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.08m | €0.09m | €0.1m | €0.1m | €0.1m | ▲ 0.2% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.09m | €0.08m | €0.09m | €0.1m | €0.1m | €0.1m | ▲ 0.2% |
| Profit (loss) for the period before taxes9903 | €3.3m | €2.2m | -€0.02m | €0.2m | €2.5m | €0.2m | €1.7m | €0.4m | ▼ 78.1% |
| Transfer from deferred taxes780 | - | - | - | €0.02m | €0.01m | €0.01m | €0.01m | €0.01m | ▼ 6.0% |
| Income taxes67/77 | €0.03m | €0.08m | €0.01m | €0.07m | €0.08m | €0.06m | €0.1m | €0.1m | ▼ 12.8% |
| Profit (loss) for the period9904 | €3.3m | €2.1m | -€0.01m | €0.2m | €2.4m | €0.2m | €1.6m | €0.3m | ▼ 82.2% |
| Transfer from tax-exempt reserves789 | - | - | - | €0.05m | €0.04m | €0.04m | €0.04m | €0.04m | ▼ 6.0% |
| Transfer to tax-exempt reserves689 | - | - | - | - | - | - | - | €0.1m | - |
| Profit (loss) for the period to be appropriated9905 | €3.3m | €2.2m | €0.04m | €0.2m | €2.5m | €0.2m | €1.6m | €0.2m | ▼ 88.1% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €23.7m | €25.8m | €25.7m | €25.9m | €28.3m | €28.5m | €30.1m | €30.3m | ▲ 0.7% |
| Fixed assets21/28 | €21.3m | €22.4m | €22.2m | €22.1m | €23.9m | €23.8m | €23.8m | €23.7m | ▼ 0.3% |
| Tangible fixed assets22/27 | €2.0m | €1.8m | €1.7m | €1.5m | €1.4m | €1.3m | €1.2m | €1.1m | ▼ 6.1% |
| Land and buildings22 | - | - | - | €1.5m | €1.4m | €1.3m | €1.2m | €1.1m | ▼ 6.1% |
| Plant, machinery and equipment23 | - | - | - | €0.001m | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0.001m | €476 | €76 | - | - | - |
| Financial fixed assets28 | €19.3m | €20.6m | €20.6m | €20.6m | €22.5m | €22.5m | €22.6m | €22.6m | = |
| Current assets29/58 | €2.4m | €3.4m | €3.5m | €3.8m | €4.4m | €4.7m | €6.3m | €6.6m | ▲ 4.3% |
| Amounts receivable after more than one year29 | - | - | - | €2.2m | €3.1m | €2.9m | €2.8m | €2.8m | = |
| Trade receivables290 | - | - | - | €2.2m | - | - | €2.8m | €2.8m | = |
| Other amounts receivable291 | - | - | - | - | €3.1m | €2.9m | - | - | - |
| Amounts receivable within one year40/41 | €0.1m | €0.1m | €0.08m | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 44.5% |
| Trade receivables40 | - | - | - | €0.1m | €0.1m | €0.1m | €0.2m | €0.1m | ▼ 44.5% |
| Other amounts receivable41 | - | - | - | - | €0.001m | €0.002m | - | - | - |
| Current investments50/53 | - | - | - | - | €1.0m | €1.5m | €3.2m | €2.2m | ▼ 31.1% |
| Cash at bank and in hand54/58 | €2.0m | €3.1m | €0.2m | €1.5m | €0.3m | €0.2m | €0.1m | €1.5m | ▲ 13× |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.004m | €0.008m | €0.02m | €0.01m | ▼ 49.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €23.7m | €25.8m | €25.7m | €25.9m | €28.3m | €28.5m | €30.1m | €30.3m | ▲ 0.7% |
| Equity10/15 | €21.2m | €23.3m | €23.3m | €23.5m | €25.9m | €26.1m | €27.7m | €28.0m | ▲ 1.0% |
| Contributions10/11 | €4.5m | €4.5m | €4.5m | €4.5m | €4.5m | €4.5m | €4.5m | €4.5m | = |
| Capital10 | - | - | - | €4.5m | €4.5m | €4.5m | €4.5m | €4.5m | = |
| Issued capital100 | - | - | - | €4.5m | €4.5m | €4.5m | €4.5m | €4.5m | = |
| Reserves13 | €1.3m | €1.3m | €1.3m | €1.2m | €1.2m | €1.1m | €1.6m | €1.7m | ▲ 5.6% |
| Non-distributable reserves130/1 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Legal reserve130 | - | - | - | €0.4m | €0.4m | €0.4m | €0.4m | €0.4m | = |
| Tax-exempt reserves132 | - | - | - | €0.7m | €0.7m | €0.6m | €0.6m | €0.7m | ▲ 15.1% |
| Distributable reserves133 | - | - | - | €0.06m | €0.06m | €0.06m | €0.6m | €0.6m | = |
| Profit (loss) carried forward14 | €15.4m | €17.5m | €17.6m | €17.8m | €20.3m | €20.5m | €21.6m | €21.8m | ▲ 0.9% |
| Provisions and deferred taxes16 | €0.3m | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 6.2% |
| Deferred taxes168 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▼ 6.2% |
| Amounts payable17/49 | €2.2m | €2.2m | €2.1m | €2.1m | €2.1m | €2.2m | €2.2m | €2.1m | ▼ 3.2% |
| Amounts payable after more than one year17 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Financial debts170/4 | - | - | - | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Amounts payable within one year42/48 | €0.08m | €0.07m | €0.04m | €0.06m | €0.07m | €0.1m | €0.1m | €0.06m | ▼ 54.4% |
| Trade debts44 | €0.02m | €0.01m | €0.008m | €0.007m | €0.02m | €0.01m | €0.01m | €0.006m | ▼ 43.1% |
| Suppliers440/4 | - | - | - | €0.007m | €0.02m | €0.01m | €0.01m | €0.006m | ▼ 43.1% |
| Taxes, remuneration and social security45 | - | - | - | €0.05m | €0.05m | €0.08m | €0.1m | €0.05m | ▼ 55.4% |
| Taxes450/3 | - | - | - | €0.04m | €0.04m | €0.07m | €0.1m | €0.04m | ▼ 58.6% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.01m | €0.02m | €0.02m | €0.01m | ▼ 36.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.3m | €2.1m | -€0.01m | €0.2m | €2.4m | €0.2m | €1.6m | €0.3m | ▼ 82.2% |
| + Depreciation and write-downs630 | €0.2m | €0.2m | €0.1m | €0.1m | €0.1m | €0.1m | €0.08m | €0.07m | ▼ 12.4% |
| Operating cash flow (approximation) | €3.5m | €2.3m | €0.1m | €0.3m | €2.6m | €0.3m | €1.7m | €0.4m | ▼ 78.8% |
| Investment in fixed assets (approximation) | - | -€1.3m | -€0.005m | €0 | -€1.9m | €0 | -€0.08m | €0 | - |
| Change in cash | - | €1.1m | -€2.9m | €1.3m | -€1.2m | -€0.09m | -€0.06m | €1.4m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 35 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | full format | 24-09-2026 | 2026-00525305 | |
| 31-03-2025 | abbreviated format | 23-09-2025 | 2025-00501385 | |
| 31-03-2024 | abbreviated format | 20-09-2024 | 2024-00468593 | |
| 31-03-2023 | abbreviated format | 02-10-2023 | 2023-00469607 | |
| 31-03-2022 | abbreviated format | 29-09-2022 | 2022-20445074 | |
| 31-03-2021 | abbreviated format | 13-10-2021 | 2021-71800359 | |
| 31-03-2020 | abbreviated format | 25-09-2020 | 2020-55600539 | |
| 31-03-2019 | abbreviated format | 16-10-2019 | 2019-70500087 | |
| 31-03-2018 | abbreviated format | 28-09-2018 | 2018-66100510 | |
| 31-03-2017 | abbreviated format | 24-10-2017 | 2017-67600179 |
Board & ownership
Directors
Day-to-day management 2
Owners and capital
Capital transactions
- 22-09-2023 Capital stated in the deed · €4,480,550 · 1,723 shares
Mandate history
- Day-to-day management
| Name | Functions and periods |
|---|---|
| CLAERHOUT Pieter |
|
| DE COOMAN Nathalie |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Prijs geboden door derde kandidaat-overnemer, overdrachten en overgangen aan derden, onder levenden en wegens overlijden, ten bezwarende en…”
Articles of association, deed of 22-09-2023 (in Dutch)
Network & group
Holdings and subsidiaries
15 holdingsHoldings 15
Source for every holding own accounts 31-03-2026
- 1212 RETAIL CO-BRANDINGsubsidiaryEquity €1.0m Profit of €129,948 in 2025 (profit of €122,640 in 2024) Checked score 97100%
- AVINCIsubsidiaryEquity €857,910 Loss of €8,094 in 2025 (loss of €11,608 in 2024) Checked score 95100%
- BildorsubsidiaryEquity €716,622 Profit of €48,662 in 2026 (loss of €5,700 in 2025) Checked score 94100%
- BIMMOSsubsidiaryEquity €357,735 Loss of €15,026 in 2026 (loss of €21,159 in 2025) Checked score 95100%
- Claerhout 96 Office CentresubsidiaryEquity €415,371 Loss of €33,384 in 2025 (loss of €128,339 in 2024) Checked score 86100%
- kantooR4subsidiaryEquity €1.4m Profit of €14,914 in 2025 (profit of €14,667 in 2024) Checked score 91100%
- LONG INVESTsubsidiaryEquity €1.6m Profit of €16,903 in 2025 (profit of €75,975 in 2024) Checked score 95100%
- PARK TER MEERSENsubsidiaryEquity €3.6m Loss of €59,322 in 2025 (profit of €112,712 in 2024) Checked score 95100%
- PAX82subsidiaryEquity €1.1m Profit of €144,917 in 2025 (profit of €139,781 in 2024) Checked score 90100%
- RODESTIPsubsidiaryEquity €1.1m Profit of €86,580 in 2025 (profit of €78,424 in 2024) Checked score 95100%
Show 5 more holdings
- STUDIO CLAERHOUTsubsidiaryEquity €1.2m Profit of €37,801 in 2025 (profit of €36,110 in 2024) Checked score 95100%
- ZenterrasubsidiaryEquity €1.3m Loss of €55 in 2025 (profit of €513 in 2024) Checked score 93100%
- CLAERHOUTsubsidiaryEquity €6.7m Profit of €630,611 in 2025 (profit of €647,616 in 2024) Checked score 9799%
- FIELDINGsubsidiaryEquity €31,028 Profit of €567 in 2025 (profit of €717 in 2024) Checked score 9697%
- GREENWOODsubsidiaryEquity €31,077 Profit of €569 in 2025 (profit of €718 in 2024) Checked score 9697%
Former holdings (1)
-
100%
Acquisitions and mergers
1 transactionCompanies at the same address
6 other companies- kantooR4 Registered office · since 2012 0847398532
- Corporate Communicatie Registered office · since 2009 0823433097
- AVINCI Registered office · since 2002 0477787752
- PARK TER MEERSEN Registered office · since 1998 0464262784
- CLAERHOUT Registered office · since 1991 0443475684
- STUDIO CLAERHOUT Registered office · since 1990 0441907848
Connections & network
2 office holdersThe network starts from the directors of C & D PROJECTS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
22-09
Gazette deed
Merger: C & D Projects takes over Icons and KingsChanges of role: CLAERHOUT Pieter (managing director) and DE COOMAN Nathalie (managing director) · Shareholding · Accounting effect21 points ▸
- General meeting, 13-06-2023
- Merger, “artikel 12:50 Wetboek van Vennootschappen en verenigingen, bestuurders van beide vennootschappen” (deed in Dutch)
- Merger, “geheel vermogen rechten en verplichtingen gaat over door ontbinding zonder vereffening” (deed in Dutch)
- The company holds all the shares of Icons and Kings
- Accounting effect, 01-01-2023
- Other provision, “bevoorrechte aandelen en andere effecten in overgenomen vennootschap” (deed in Dutch)
- Other provision, “bijzondere voordelen aan bestuurders fuserende vennootschappen” (deed in Dutch)
- Real estate, Icons and Kings
- Other provision, “geheel vermogen activa en passiva activiteiten clienteel bedrijfsorganisatie boekhouding immateriele bestanddelen, algemene omschrijving overgegane vermogen en…” (deed in Dutch)
- Share cancellation, “fusie, aandelen van overgenomen vennootschap” (deed in Dutch)
- Director resignation, CLAERHOUT Pieter (director)
- Director resignation, DE COOMAN Nathalie (director)
- The act holds 9 more points.
08-05
Gazette deed
Merger proposal: C & D PROJECTS takes over ICONS AND KINGSShareholding · Incorporation · Accounting effect8 points ▸
- Merger, “met fusie door overneming gelijkgestelde verrichting, Geruisloze fusie” (deed in Dutch)
- The company holds all the shares of ICONS AND KINGS
- Incorporation, 07-07-2017
- Other provision, “statutenwijziging Verdwijnende Vennootschap” (deed in Dutch)
- Incorporation, 28-02-1991
- Accounting effect, 01-01-2023
- Other provision, “rechten voor bijzondere rechten en andere effecten” (deed in Dutch)
- Other provision, “bijzonder voordeel aan leden van bestuursorganen” (deed in Dutch)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
7 activities
- Het beheer van een onroerend patrimonium en het valoriseren van dit patrimonium door beheersdaden,zoals het huren en verhuren,het afsluiten van overeenkomsten en het verrichten van alle daden in verband met alle onroerende,gebouwde en ongebouwde,gemeubelde en niet-gemeubelde goederen
- Het beleggen,het beheren en uitbaten van roerende waarden en bezittingen,het financieren van investeringen,hetzij voor eigen rekening,hetzij voor rekening van derden
- Het nemen van participaties en deelnemingen in andere vennootschappen of ondernemingen
- Het uitvoeren of doen uitvoeren in verband met ondernemingen van research op alle technische,marketing en produktiegebieden,ondernemingstechnieken en dergelijke,het geven of doen geven van adviezen op het gebied van management,begeleiding,dit alles in de meest ruime zin van het woord
- Het besturen,begeleiden en adviseren van ondernemingen en vennootschappen
- Het verwerven,exploiteren en vervreemden van rechten van intellectuele en/of industriële eigendom,daaronder begrepen al dan niet gepatenteerde know-how
- Het verwerven en (door)leasen van bedrijfsmiddelen
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44062A0155/00T002 | Flanders | 4,343 m² | 1 · 1,109 m² | 3.0 m |