C.F.B. DEVELOPMENT
C.F.B. DEVELOPMENT has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.07M and a net result of €49k. Equity is growing by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 75% of 4735 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
| Equity | €1.07M |
| Net result | €49k |
| Better than sector | 75% |
| Active | 32 yrs |
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 68.8% | 45.7% | |
| Net result | €49k | €116k | |
| Equity | €1.07M | €1.64M | |
| Gross operating margin | €87k | €354k | |
| Total assets | €1.55M | €4.25M |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | €85k | €85k | €142k | €146k | €68k |
| Net profit | €49k | €252k | €93k | €91k | €41k |
| Cash flow | €52k | €255k | €96k | €100k | €49k |
| Staff costs | - | - | - | - | - |
| Income taxes | €26k | €46k | €44k | €45k | €15k |
| Dividends | €204k | €40k | €40k | - | €88k |
| Total assets | €1.55M | €1.58M | €1.22M | €1.15M | €1.04M |
| Equity | €1.07M | €1.22M | €1.01M | €956k | €865k |
| Debt | €484k | €356k | €207k | €197k | €180k |
| of which ≤ 1y | €331k | €179k | €207k | €197k | €180k |
| of which > 1y | €153k | €177k | - | - | - |
| Working capital | €-98k | €78k | €-103k | €49k | €-51k |
| Employees (FTE) | - | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 0.71 | 1.43 | 0.50 | 1.25 | 0.72 |
| Quick ratio | 0.64 | 1.33 | 0.43 | 1.21 | 0.68 |
| Working capital ratio | -6.3% | 4.9% | -8.5% | 4.2% | -4.8% |
| Solvency | 68.8% | 77.4% | 83.0% | 83.0% | 82.8% |
| Debt / equity | 0.45 | 0.29 | 0.20 | 0.21 | 0.21 |
| Long-term debt ratio | 0.14 | 0.14 | - | - | - |
| Interest coverage | 6.84 | 9.25 | 53.71 | 111.15 | 15.68 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 3.2% | 16.0% | 7.6% | 7.9% | 3.9% |
| ROE | 4.6% | 20.6% | 9.2% | 9.5% | 4.8% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.55M | €1.58M | €1.22M | €1.15M | €1.04M |
| Fixed assets | 21/28 | €1.32M | €1.32M | €1.11M | €907k | €916k |
| Tangible fixed assets | 22/27 | €760 | €3k | €6k | €9k | €17k |
| Financial fixed assets | 28 | €1.32M | €1.32M | €1.11M | €899k | €899k |
| Current assets | 29/58 | €233k | €257k | €103k | €245k | €129k |
| Stocks & contracts in progress | 3 | €22k | €18k | €14k | €8k | €7k |
| Amounts receivable within one year | 40/41 | €173k | €179k | €44k | €45k | €32k |
| Investments | 50/53 | €11k | €11k | €11k | €11k | €11k |
| Cash & bank | 54/58 | €16k | €43k | €26k | €181k | €76k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.55M | €1.58M | €1.22M | €1.15M | €1.04M |
| Equity | 10/15 | €1.07M | €1.22M | €1.01M | €956k | €865k |
| Contributions / capital | 10/11 | €62k | €62k | €62k | €62k | €62k |
| Reserves | 13 | €530k | €684k | €434k | €382k | €331k |
| Accumulated profits (losses) | 14 | €475k | €475k | €514k | €513k | €472k |
| Amounts payable | 17/49 | €484k | €356k | €207k | €197k | €180k |
| Amounts payable after one year | 17 | €153k | €177k | - | - | - |
| Amounts payable within one year | 42/48 | €331k | €179k | €207k | €197k | €180k |
| Trade debts payable within one year | 44 | €37k | €6k | €21k | €8k | €8k |
| Income statement | ||||||
| Gross operating margin | 9900 | €87k | €86k | €143k | €147k | €72k |
| Operating result | 9901 | €83k | €82k | €139k | €138k | €60k |
| Financial income | 75 | €5k | €227k | - | €26 | €1 |
| Financial charges | 65 | €12k | €9k | €3k | €1k | €4k |
| Result before taxes | 9903 | €76k | €298k | €137k | €136k | €56k |
| Income taxes | 67/77 | €26k | €46k | €44k | €45k | €15k |
| Net result for the period | 9904 | €49k | €252k | €93k | €91k | €41k |
| Result to be appropriated | 9905 | €49k | €252k | €93k | €91k | €41k |
| NACE primary | Agents in the wholesale of food, beverages and tobacco(46170) |
| Legal form | Public limited company(014) |
| Incorporation | 17-11-1993 |
| Status | Active |
| Postal code | 1070 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306D0243/00B000 | Brussels | 1.6 ha | 1 · 8,083 m² | 7.9 m · 2 fl. |
| 25763L0126/00B002 | Wallonia | 8,981 m² | 1 · 478 m² | - |
We know of 11 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
22-01-2024 Change in the board of directors
Technical details
{
"events": [
{
"kind": "substantive_delegation",
"role": "notarieel_alleen",
"person": null,
"reason": null,
"subkind": "additional",
"via_org": {
"kbo": "0556.958.360",
"name": "ODF Consult SRL",
"address": "1150 Woluwe-Saint-Pierre, Avenue de Tervueren 311",
"country": "BE",
"legal_form": "SRL"
},
"statutory": null,
"compensated": null,
"effective_date": null,
"evidence_quote": "L\u0027assembl\u00E9e d\u00E9cide d\u0027octroyer tous les pouvoirs au Notaire soussign\u00E9, et \u00E0 ODF Consult SRL, 1150 Woluwe-Saint-Pierre, Avenue de Tervueren 311, num\u00E9ro d\u2019entreprises BE 0556.958.360 repr\u00E9sent\u00E9 par son administrateur Monsieur Olivier Daxhelet, ou tout autre personne d\u00E9sign\u00E9e par eux, agissant individue",
"decharge_status": null,
"mandate_duration": null,
"rep_rotation_new_rep": null,
"rep_rotation_old_rep": null,
"effective_date_qualifier": null
}
],
"notary": {
"name": "Katrien VAN KRIEKINGE",
"firm_city": null,
"firm_name": null,
"office_city": "Beersel",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2024-01-22",
"filing_date": "2024-01-18",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2023-12-27",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0451.474.622",
"name_full": "C.F.B. DEVELOPMENT",
"legal_form": "SA"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Katrien VAN KRIEKINGE",
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"une exp\u00E9dition de l\u0027acte"
],
"corrected_publication_numac": null
}| Legal nameFR | C.F.B. DEVELOPMENT |