C & D SERVICE
InactiveC & D SERVICE was declared bankrupt on 01-02-2024 (Ondernemingsrechtbank Gent, afdeling Brugge); the bankruptcy was closed by liquidation by judgment of 16-02-2026, published in the Belgian State Gazette on 19-02-2026.
No longer registered with the KBO; last annual accounts for fiscal year 2022.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline22-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 19-06-2023, 42 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
42 d early
2021
34 d early
2020
60 d late
2019
59 d late
← before the deadline
after the deadline →
Financials · fiscal year 2022, abbreviated schema
Equity
€160k▲ 183%
2021 · €56k
2018: €230k
2019: €220k
2020: €185k
2021: €56k
2018 → 2022
Total assets
€1.08M▼ 17.4%
2021 · €1.31M
2018: €1.40M
2019: €1.37M
2020: €1.44M
2021: €1.31M
2018 → 2022
Net result
€103k
2021 · €-129k
2018: €-15k
2019: €-10k
2020: €-35k
2021: €-129k
2018 → 2022
Working capital
€14k
2021 · €-135k
2018: €18k
2019: €-22k
2020: €37k
2021: €-135k
2018 → 2022
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20182019202020212022Trend
Equity€230k-€220k▼ 4.5%€185k▼ 15.9%€56k▼ 69.5%€160k▲ 183%
Operating result€15k-€16k▲ 10.1%€39k▲ 138%€-117k€128k
Net result€-15k-€-10k▲ 29.9%€-35k▼ 240%€-129k▼ 268%€103k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2022: €128k after a loss of €117k in 2021, the highest result in the available series.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €1.08M
Fixed assets
€407k▼ 11.7%
Current assets
€674k▼ 20.5%
Equity and liabilities €1.08M
Equity
€160k▲ 183%
Debt
€922k▼ 26.4%
The debt ratio falls from 95.7% to 85.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€189k▲
2021 · €-56k
Cash flow
€164k▲
2021 · €-68k
Solvency
14.8%▲
2021 · 4.3%
Current ratio
1.02▲
2021 · 0.86
Quick ratio
0.97▲
2021 · 0.61
Debt / equity
5.76▼
2021 · 22.19
ROE
64.7%▲
2021 · -228.0%
ROA
9.6%▲
2021 · -9.8%
Interest coverage
6.03▲
2021 · -4.51
Debt
€922k▼
2021 · €1.25M
Debt ≤ 1 year
€660k▼
2021 · €983k
Debt > 1 year
€262k▼
2021 · €269k
Staff costs
€628k▼
2021 · €747k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2022 against 2021
Balance sheet
Code20212022
Assets
Total assets20/58€1.31M€1.08M▼
Fixed assets21/28€461k€407k▼
Intangible fixed assets21€688€7k▲
Tangible fixed assets22/27€461k€401k▼
Land and buildings22€257k€246k▼
Plant, machinery and equipment23€192k€149k▼
Furniture and vehicles24€12k€6k▼
Current assets29/58€848k€674k▼
Stocks and contracts in progress3€251k€33k▼
Stocks30/36€251k€33k▼
Amounts receivable within one year40/41€575k€576k▲
Trade receivables40€559k€571k▲
Other amounts receivable41€15k€5k▼
Cash at bank and in hand54/58€22k€64k▲
Equity and liabilities
Total equity and liabilities10/49€1.31M€1.08M▼
Equity10/15€56k€160k▲
Contributions10/11€38k€38k=
Reserves13€22k€22k=
Non-distributable reserves130/1€4k€4k=
Reserves not available under the articles1311€4k€4k=
Tax-exempt reserves132€18k€18k=
Profit (loss) carried forward14€-3k€100k▲
Amounts payable17/49€1.25M€922k▼
Amounts payable after more than one year17€269k€262k▼
Financial debts170/4€269k€262k▼
Amounts payable within one year42/48€983k€660k▼
Current portion of amounts payable after more than one year42€67k€31k▼
Financial debts43€125k€125k=
Credit institutions430/8€125k€125k=
Trade debts44€472k€320k▼
Suppliers440/4€472k€320k▼
Taxes, remuneration and social security45€319k€184k▼
Taxes450/3€16k-
Remuneration and social security454/9€302k€184k▼
Income statement
Code20212022
Remuneration, social security and pensions62€747k€628k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€61k€61k▲
Other operating charges640/8€2k€8k▲
Gross operating margin9900€692k€825k▲
Operating profit (loss)9901€-117k€128k▲
Financial income75/76B€278€6k▲
Recurring financial income75€278€6k▲
Financial charges65/66B€12k€31k▲
Recurring financial charges65€12k€31k▲
Profit (loss) for the period before taxes9903€-129k€103k▲
Profit (loss) for the period9904€-129k€103k▲
Transfer from tax-exempt reserves789-€237k
Transfer to tax-exempt reserves689-€237k
Profit (loss) for the period to be appropriated9905€-129k€103k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-93k€100k▲
Profit (loss) brought forward from the previous period14P€36k€-3k▼
Transfer from equity791/2€90k-
Social balance
Average headcount (FTE)908710.310.0▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
19-02
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Brugge · C & D SERVICE BV HOLDESTRAAT 13, 8700 TIELT · event 16-02-2026
2024
15-02
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · C & D SERVICE BV HOLDE- STRAAT 13, 8700 TIELT · event 01-02-2024
2023
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €103k
Net result €103k after 4 loss-making years.
31-12
Financial
Equity above €150kEq €160k ▲183%
Equity rises from €56k to €160k.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
31-03
Judicial reorganisation
Opening
Ondernemingsrechtbank Gent · collectif · event 25-03-2022
2021
31-12
Financial
Weakest financial yearnet €-129k
Net result drops to €-129k, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 60 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 55 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 27 days late
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
2016
07-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 38 days late
2015
02-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
25-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 25 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | LAURENT SAMYN MEXICOSTRAAT 8, 8730 BEERNEM- |
01-02-2024 → present |
Public money · subsidies and aid
Flemish government
2022 to 2023 · 2 entries · 2,942 EUR awarded · 2,942 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 1,416 EUR | 1,416 EUR |
| 2022 | 1 | 1,526 EUR | 1,526 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)