C-DEV
ActiveSummary
C-DEV has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €402,135 and a net result of €75,303. Equity is growing by ~41.5% per year across the filed fiscal years. Its solvency ranks better than 18% of 10429 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▲+1
Solvency33▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.13 against 1.18 in 2024; short-term debt: 88.7% and cash: 7.2% of total assets), and 92% of the assets are financed with debt.
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Signals
Five 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 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8%
Return on assets
1.5%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 10429 sector peers (2025).
NBB · sector comparisonPosition among 10429 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 20-04-2026, 10 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
10 d early
2024
5 d early
2023
20 d early
2022
2 d early
2021
1 d early
2019
122 d late
2018
30 d late
← 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 16 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€402,135▲ 23.0%
2024 · €326,832
Total assets
€5.1m▲ 37.3%
2024 · €3.7m
Net result
€75,303▲ 4.3%
2024 · €72,208
Working capital
€568,504▲ 1.2%
2024 · €562,039
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€92,863-€163,598▲ 76.2%€180,249▲ 10.2%€161,323▼ 10.5%€152,803▼ 5.3%
Net result€30,620-€112,665▲ 268%€98,313▼ 12.7%€72,208▼ 26.6%€75,303▲ 4.3%
Equity€43,645-€156,310▲ 258%€254,623▲ 62.9%€326,832▲ 28.4%€402,135▲ 23.0%
Total assets€2.8m-€3.4m▲ 22.2%€3.0m▼ 12.4%€3.7m▲ 24.3%€5.1m▲ 37.3%
Debt€2.7m-€3.2m▲ 18.5%€2.7m▼ 16.0%€3.4m▲ 23.9%€4.7m▲ 38.7%
Working capital€33,339-€147,546▲ 343%€247,095▲ 67.5%€562,039▲ 127%€568,504▲ 1.2%
Staff (FTE)1-1=0.8▼ 20.0%1▲ 25.0%0.2▼ 80.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5.1m
Fixed assets
€3,551 ▼ 34.6%
Current assets
€5.1m ▲ 37.4%
Equity and liabilities €5.1m
Equity
€402,135 ▲ 23.0%
Debt
€4.7m ▲ 38.7%
Debt's share of the balance-sheet total rises from 91.1% to 92.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€154,684▼
2024 · €164,079
Cash flow
€77,184▲
2024 · €74,965
Current ratio
1.13▼
2024 · 1.18
Quick ratio
0.90▲
2024 · 0.54
Debt to equity
11.58▲
2024 · 10.27
ROE
18.7%▼
2024 · 22.1%
ROA
1.5%▼
2024 · 2.0%
Interest coverage
2.78▲
2024 · 2.56
Debt ≤ 1 year
€4.5m▲
2024 · €3.1m
Debt > 1 year
€149,658▼
2024 · €223,364
Income taxes
€25,303▼
2024 · €25,680
Staff costs
€20,824▼
2024 · €107,882
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €0 | - | €0 | - | - | - |
| Remuneration, social security and pensions62 | €150,582 | €77,780 | €69,163 | €107,882 | €20,824 | ▼ 80.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,473 | €1,543 | €2,576 | €2,756 | €1,881 | ▼ 31.8% |
| Other operating charges640/8 | €24,369 | €13,176 | €11,932 | €13,976 | €17,706 | ▲ 26.7% |
| Non-recurring operating charges66A | - | - | €0 | - | - | - |
| Gross operating margin9900 | €275,288 | €256,096 | €263,920 | €285,937 | €193,213 | ▼ 32.4% |
| Operating profit (loss)9901 | €92,863 | €163,598 | €180,249 | €161,323 | €152,803 | ▼ 5.3% |
| Financial income75/76B | €0 | €818 | €4,088 | €730 | €3,381 | ▲ 363% |
| Recurring financial income75 | €0 | €818 | €4,088 | €730 | €3,381 | ▲ 363% |
| Financial charges65/66B | €43,447 | €14,739 | €51,882 | €64,164 | €55,577 | ▼ 13.4% |
| Recurring financial charges65 | €43,447 | €14,739 | €51,882 | €64,164 | €55,577 | ▼ 13.4% |
| Profit (loss) for the period before taxes9903 | €49,416 | €149,676 | €132,454 | €97,889 | €100,607 | ▲ 2.8% |
| Income taxes67/77 | €18,796 | €37,012 | €34,141 | €25,680 | €25,303 | ▼ 1.5% |
| Profit (loss) for the period9904 | €30,620 | €112,665 | €98,313 | €72,208 | €75,303 | ▲ 4.3% |
| Profit (loss) for the period to be appropriated9905 | €30,620 | €112,665 | €98,313 | €72,208 | €75,303 | ▲ 4.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.8m | €3.4m | €3.0m | €3.7m | €5.1m | ▲ 37.3% |
| Fixed assets21/28 | €10,307 | €8,764 | €8,188 | €5,432 | €3,551 | ▼ 34.6% |
| Intangible fixed assets21 | €359 | €72 | €6,751 | €5,151 | €3,551 | ▼ 31.1% |
| Tangible fixed assets22/27 | €3,948 | €2,692 | €1,437 | €281 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €1,743 | €1,166 | €589 | €111 | €0 | ▼ 100% |
| Furniture and vehicles24 | €2,205 | €1,526 | €848 | €170 | €0 | ▼ 100% |
| Financial fixed assets28 | €6,000 | €6,000 | €0 | - | - | - |
| Current assets29/58 | €2.8m | €3.4m | €3.0m | €3.7m | €5.1m | ▲ 37.4% |
| Stocks and contracts in progress3 | €798,289 | €1.5m | €1.8m | €2.0m | €1.0m | ▼ 48.7% |
| Stocks30/36 | €798,289 | €1.5m | €1.8m | €2.0m | €1.0m | ▼ 48.7% |
| Amounts receivable within one year40/41 | €1.5m | €1.8m | €1.1m | €1.1m | €3.7m | ▲ 237% |
| Trade receivables40 | €1.3m | €1.3m | €1.1m | €1.0m | €769,696 | ▼ 26.2% |
| Other amounts receivable41 | €234,839 | €428,076 | €859 | €41,995 | €2.9m | ▲ 6,771% |
| Cash at bank and in hand54/58 | €440,185 | €140,418 | €97,392 | €580,392 | €363,344 | ▼ 37.4% |
| Deferred charges and accrued income490/1 | - | €8,642 | €3,739 | €3,576 | €3,856 | ▲ 7.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.8m | €3.4m | €3.0m | €3.7m | €5.1m | ▲ 37.3% |
| Equity10/15 | €43,645 | €156,310 | €254,623 | €326,832 | €402,135 | ▲ 23.0% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €6,460 | €140,000 | €240,000 | €315,000 | €390,000 | ▲ 23.8% |
| Non-distributable reserves130/1 | €0 | - | - | - | - | - |
| Reserves not available under the articles1311 | €0 | - | - | - | - | - |
| Distributable reserves133 | €6,460 | €140,000 | €240,000 | €315,000 | €390,000 | ▲ 23.8% |
| Profit (loss) carried forward14 | €30,985 | €10,110 | €8,423 | €5,632 | €5,935 | ▲ 5.4% |
| Amounts payable17/49 | €2.7m | €3.2m | €2.7m | €3.4m | €4.7m | ▲ 38.7% |
| Amounts payable after more than one year17 | - | - | - | €223,364 | €149,658 | ▼ 33.0% |
| Financial debts170/4 | - | - | - | €223,364 | €149,658 | ▼ 33.0% |
| Amounts payable within one year42/48 | €2.7m | €3.2m | €2.7m | €3.1m | €4.5m | ▲ 43.9% |
| Current portion of amounts payable after more than one year42 | €800,000 | €1.0m | €0 | €70,856 | €73,706 | ▲ 4.0% |
| Financial debts43 | - | - | €835,000 | €823,823 | €1.0m | ▲ 24.1% |
| Credit institutions430/8 | - | - | €835,000 | €823,823 | €1.0m | ▲ 24.1% |
| Trade debts44 | €1.2m | €1.1m | €936,367 | €1.4m | €2.7m | ▲ 94.6% |
| Suppliers440/4 | €1.2m | €1.1m | €936,367 | €1.4m | €2.7m | ▲ 94.6% |
| Advances received on contracts in progress46 | €171,765 | €664,018 | €792,467 | €451,782 | €530,327 | ▲ 17.4% |
| Taxes, remuneration and social security45 | €27,051 | €54,552 | €23,861 | €20,842 | €2,195 | ▼ 89.5% |
| Taxes450/3 | €11,013 | €41,505 | €6,834 | €2,281 | €2,195 | ▼ 3.8% |
| Remuneration and social security454/9 | €16,038 | €13,047 | €17,027 | €18,561 | €0 | ▼ 100% |
| Other amounts payable47/48 | €563,097 | €417,949 | €120,104 | €369,508 | €171,958 | ▼ 53.5% |
| Accrued charges and deferred income492/3 | - | - | €659 | €17,274 | €20,261 | ▲ 17.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,620 | €112,665 | €98,313 | €72,208 | €75,303 | ▲ 4.3% |
| + Depreciation and write-downs630 | €7,473 | €1,543 | €2,576 | €2,756 | €1,881 | ▼ 31.8% |
| Operating cash flow (approximation) | €38,093 | €114,207 | €100,890 | €74,965 | €77,184 | ▲ 3.0% |
| Investment in fixed assets (approximation) | - | €0 | -€2,000 | €0 | €0 | - |
| Change in cash | - | -€299,768 | -€43,025 | €483,000 | -€217,048 | ▼ 145% |
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
20-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
25-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Equity above €200,000Eq €254,623 ▲62.9%
5 profitable years in a row build equity to €254,623.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Equity above €150,000Eq €156,310 ▲258%
4 profitable years in a row build equity to €156,310.
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet €4,924 ▼97.9%
Net result drops to €4,924, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 acts for this company are 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
Registered office, Ichtegem · 4 establishment units since 2016
Ground area
1.5 ha
Building footprint
5,592 m²
Volume, LiDAR
29,881 m³
4 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
4 establishment units
Carmarkt Eernegem
since 20162.258.323.118
Carmarkt Brugge
since 20192.301.018.261
Carmarkt Torhout
since 20222.339.205.181
Carmarkt Veurne
since 20252.369.977.442
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31807I0050/00G000 | Flanders | 6,464 m² | 1 · 2,452 m² | 9.1 m · 2 fl. |
| 31033I0571/00P000 | Flanders | 4,285 m² | 1 · 1,544 m² | 9.0 m · 2 fl. |
| 35003B0925/00X000 | Flanders | 2,713 m² | 1 · 960 m² | 7.2 m · 1 fl. |
| 38025E0285/00T002 | Flanders | 1,457 m² | 1 · 636 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,046 EUR awarded · 2,046 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,046 EUR | 2,046 EUR |
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Of 10,665 companies in sector 47811 we hold annual accounts for 5,220. 3,547 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-10-2016
Fiscal year end30-09
Activities, NACEBEL 2025
47811Retail sale of cars and light vans (up to 3.5 tonnes)
95311General maintenance and repair of cars and light vans (up to 3.5 tonnes)
77110Renting and leasing of cars and light motor vehicles
Scores and ratios are computed by Checked and are not a credit decision.