C-DEV
Annual accounts 2025
abbreviated format, filed on 20-04-2026, 10 days before the deadlineTurnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €1.2m. Estimated: probably between €680,000 and €2.6m.
Balance sheet
balance sheet total €5.1m on 30-09-2025in euro
in euro
Position in the sector
8.0%
Higher than 19% of 12,856 companies in 2025.
1.13
Higher than 32% of 12,646 companies in 2025.
1.5%
Higher than 35% of 12,719 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: top quarter · Staff: bottom quarter
Staff
€104,120
Staff costs divided by the average number of full-time equivalents.
-1 person
In 2025, nobody joined and 1 person left. Training hours in 2025: 2.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||
20/58 |
5.1m | 3.7m | 3.0m | 3.4m | 2.8m | 3.7m | 1.8m | 377,203 | |
21/28 |
3,551 | 5,432 | 8,188 | 8,764 | 10,307 | 6,164 | 8,651 | 10,229 | |
21 |
3,551 | 5,151 | 6,751 | 72 | 359 | 1,037 | 1,424 | 375 | |
22/27 |
0 | 281 | 1,437 | 2,692 | 3,948 | 5,127 | 7,227 | 9,854 | |
23 |
0 | 111 | 589 | 1,166 | 1,743 | 4,497 | - | - | |
24 |
0 | 170 | 848 | 1,526 | 2,205 | 630 | 7,227 | 9,854 | |
28 |
- | - | 0 | 6,000 | 6,000 | - | - | - | |
29/58 |
5.1m | 3.7m | 3.0m | 3.4m | 2.8m | 3.7m | 1.8m | 366,974 | |
3 |
1.0m | 2.0m | 1.8m | 1.5m | 798,289 | 1.7m | 789,520 | - | |
30/36 |
1.0m | 2.0m | 1.8m | 1.5m | 798,289 | 1.7m | 789,520 | - | |
40/41 |
3.7m | 1.1m | 1.1m | 1.8m | 1.5m | 1.8m | 913,768 | 228,807 | |
40 |
769,696 | 1.0m | 1.1m | 1.3m | 1.3m | 1.5m | 874,551 | 93,874 | |
41 |
2.9m | 41,995 | 859 | 428,076 | 234,839 | 295,911 | 39,217 | 134,934 | |
54/58 |
363,344 | 580,392 | 97,392 | 140,418 | 440,185 | 155,807 | 99,907 | 135,496 | |
490/1 |
3,856 | 3,576 | 3,739 | 8,642 | - | - | - | 2,671 | |
| Balance sheet: equity and liabilities | |||||||||
10/49 |
5.1m | 3.7m | 3.0m | 3.4m | 2.8m | 3.7m | 1.8m | 377,203 | |
10/15 |
402,135 | 326,832 | 254,623 | 156,310 | 43,645 | 13,025 | 8,101 | 4,791 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
100 |
- | - | - | - | - | 18,600 | 18,600 | 18,600 | |
101 |
- | - | - | - | - | 12,400 | 12,400 | 12,400 | |
13 |
390,000 | 315,000 | 240,000 | 140,000 | 6,460 | 6,460 | 1,860 | - | |
130/1 |
- | - | - | - | 0 | - | - | - | |
130 |
- | - | - | - | - | 1,860 | 1,860 | - | |
1311 |
- | - | - | - | 0 | - | - | - | |
133 |
390,000 | 315,000 | 240,000 | 140,000 | 6,460 | 4,600 | - | - | |
14 |
5,935 | 5,632 | 8,423 | 10,110 | 30,985 | 365 | 41 | -1,409 | |
17/49 |
4.7m | 3.4m | 2.7m | 3.2m | 2.7m | 3.7m | 1.8m | 372,413 | |
17 |
149,658 | 223,364 | - | - | - | - | - | - | |
170/4 |
149,658 | 223,364 | - | - | - | - | - | - | |
42/48 |
4.5m | 3.1m | 2.7m | 3.2m | 2.7m | 3.7m | 1.8m | 372,413 | |
42 |
73,706 | 70,856 | 0 | 1.0m | 800,000 | 1.3m | 500,000 | 300,000 | |
43 |
1.0m | 823,823 | 835,000 | - | - | - | - | - | |
430/8 |
1.0m | 823,823 | 835,000 | - | - | - | - | - | |
44 |
2.7m | 1.4m | 936,367 | 1.1m | 1.2m | 1.5m | 206,898 | 42,012 | |
440/4 |
2.7m | 1.4m | 936,367 | 1.1m | 1.2m | 1.5m | 206,898 | 42,012 | |
46 |
530,327 | 451,782 | 792,467 | 664,018 | 171,765 | 266,565 | 266,565 | - | |
45 |
2,195 | 20,842 | 23,861 | 54,552 | 27,051 | 38,467 | 107,873 | 22,695 | |
450/3 |
2,195 | 2,281 | 6,834 | 41,505 | 11,013 | - | 57,930 | 10,623 | |
454/9 |
0 | 18,561 | 17,027 | 13,047 | 16,038 | 38,467 | 49,942 | 12,073 | |
47/48 |
171,958 | 369,508 | 120,104 | 417,949 | 563,097 | 556,962 | 722,408 | 7,705 | |
492/3 |
20,261 | 17,274 | 659 | - | - | - | - | - | |
| Income statement | |||||||||
76A |
- | - | 0 | - | 0 | 4,307 | - | - | |
9900 |
193,213 | 285,937 | 263,920 | 256,096 | 275,288 | 262,216 | 581,674 | 144,398 | |
62 |
20,824 | 107,882 | 69,163 | 77,780 | 150,582 | 239,416 | 302,966 | 114,706 | |
630 |
1,881 | 2,756 | 2,576 | 1,543 | 7,473 | 3,147 | 3,015 | 4,560 | |
640/8 |
17,706 | 13,976 | 11,932 | 13,176 | 24,369 | 24,075 | 30,341 | 26,255 | |
66A |
- | - | 0 | - | - | - | 4,557 | - | |
9901 |
152,803 | 161,323 | 180,249 | 163,598 | 92,863 | -4,422 | 240,795 | -1,123 | |
75/76B |
3,381 | 730 | 4,088 | 818 | 0 | 22,597 | 882 | 3,515 | |
75 |
3,381 | 730 | 4,088 | 818 | 0 | 22,597 | 882 | 1 | |
76B |
- | - | - | - | - | - | - | 3,514 | |
65/66B |
55,577 | 64,164 | 51,882 | 14,739 | 43,447 | 13,250 | 9,366 | 3,801 | |
65 |
55,577 | 64,164 | 51,882 | 14,739 | 43,447 | 13,250 | 9,366 | 3,801 | |
9903 |
100,607 | 97,889 | 132,454 | 149,676 | 49,416 | 4,924 | 232,311 | -1,409 | |
67/77 |
25,303 | 25,680 | 34,141 | 37,012 | 18,796 | - | - | - | |
9904 |
75,303 | 72,208 | 98,313 | 112,665 | 30,620 | 4,924 | 232,311 | -1,409 | |
9905 |
75,303 | 72,208 | 98,313 | 112,665 | 30,620 | 4,924 | 232,311 | -1,409 | |
| Appropriation of the result | |||||||||
9906 |
80,935 | 80,632 | 108,423 | 143,650 | 30,985 | 4,965 | 230,901 | -1,409 | |
14P |
5,632 | 8,423 | 10,110 | 30,985 | 365 | - | - | - | |
691/2 |
75,000 | 75,000 | 100,000 | 133,540 | 0 | 4,600 | 1,860 | - | |
6920 |
- | - | - | - | - | - | 1,860 | - | |
6921 |
75,000 | 75,000 | 100,000 | 133,540 | 0 | 4,600 | - | - | |
694/7 |
- | - | - | - | - | - | 229,000 | - | |
695 |
- | - | - | - | - | - | 229,000 | - | |
| Social balance sheet | |||||||||
9087 |
0.2 | 1 | 0.8 | 1 | 1 | 2.1 | 3 | 1.5 | |
Hours worked1013 |
318 | 1,726 | 1,428 | 1,702 | 1,748 | 3,758 | 5,219 | 2,284 | |
| Document | |||||||||
The notes to these accounts have 17 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 20-04-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 20-04-2026 | 2026-00082674 | |
| 30-09-2024 | abbreviated format | 25-04-2025 | 2025-00075204 | |
| 30-09-2023 | abbreviated format | 10-04-2024 | 2024-00060440 | |
| 30-09-2022 | abbreviated format | 28-04-2023 | 2023-00070483 | |
| 30-09-2021 | abbreviated format | 29-04-2022 | 2022-20022214 | |
| 31-12-2019 | abbreviated format | 30-11-2020 | 2020-73700455 | |
| 31-12-2018 | abbreviated format | 30-08-2019 | 2019-62200081 | |
| 31-12-2017 | micro format | 28-08-2018 | 2018-57900407 |
Subsidies and aid
Flemish government 2025, 1 entry, €2,046 awarded, €2,046 paid
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| 154,684 | 164,079 | 182,826 | 165,140 | 100,336 | -1,275 | 243,810 | 3,437 | ||
| 77,184 | 74,965 | 100,890 | 114,207 | 38,093 | 8,072 | 235,326 | 3,150 | ||
| 0 | 0 | 8,000 | 0 | 11,616 | 660 | 1,437 | 13,639 | ||
| -217,048 | 483,000 | -43,025 | -299,768 | - | 55,900 | -35,589 | - | ||
| 568,504 | 562,039 | 247,095 | 147,546 | 33,339 | 6,862 | -550 | -5,439 | ||
| 8.0% | 8.9% | 8.6% | 4.6% | 1.6% | 0.4% | 0.4% | 1.3% | ||
| 1.13 | 1.18 | 1.09 | 1.05 | 1.01 | 1.00 | 1.00 | 0.99 | ||
| 0.90 | 0.54 | 0.43 | 0.59 | 0.72 | 0.54 | 0.56 | 0.99 | ||
| 11.58 | 10.27 | 10.64 | 20.64 | 62.39 | - | - | 77.74 | ||
| 18.7% | 22.1% | 38.6% | 72.1% | 70.2% | 37.8% | - | -29.4% | ||
| 1.5% | 2.0% | 3.3% | 3.3% | 1.1% | 0.1% | 12.8% | -0.4% | ||
| 2.78 | 2.56 | 3.52 | 11.20 | 2.31 | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | - | 1 | 1 | 1 | 1 |
| full-time | - | 1 | 1 | 1 | 1 |
| part-time | - | 0 | 0 | - | 0 |
| in full-time equivalents | - | 1 | 1 | 1 | 1 |
| 0.2 | 1 | 0.8 | 1 | 1 | |
| On a permanent contract | - | 1 | 1 | 1 | 1 |
| Joined | 0 | - | 1 | - | - |
| Left | 1 | - | 1 | - | - |
| Training hours | 2 | 3 | 0 | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 30-09-2025 | 30-09-2024 | 30-09-2023 | 30-09-2022 | 30-09-2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | - | - | €5,616 |
| Intangible fixed assets | - | - | €8,000 | - | - |
| Financial fixed assets | - | - | - | - | €6,000 |
| €1,881 | €2,756 | €2,576 | €1,543 | €7,473 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on C-DEV
The operating result for 2025 is 5% lower than in 2024 and the lowest since 2021. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 91.1% to 92.0%. Equity and debt are higher.