C-Fast
ActiveSummary
C-Fast is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show negative equity (-€1.2m) and a net result of -€70,775. Equity is shrinking by ~15% per year across the filed fiscal years. Its solvency ranks better than 5% of 2413 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2413 sector peers (2025).
NBB · sector comparisonPosition among 2413 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
15 d early
2024
42 d early
2023
13 d early
2022
on the day
2021
31 d late
2020
22 d early
2019
123 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 9 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
-€1.2m▼ 6.5%
2024 · -€1.1m
Net result
-€70,775▲ 12.5%
2024 · -€80,866
Total assets
€5,764▲ 158%
2024 · €2,233
Solvency
-20155.5%▲ 28712.0pp
2024 · -48867.4%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0
Operating result-€868,416-€1,315▲ 99.8%-€682▲ 48.2%-€7,206▼ 957%-€6,772▲ 6.0%
Net result-€874,608below the sector's middle half-€20,656below the sector's middle half▲ 97.6%-€66,814below the sector's middle half▼ 223%-€80,866below the sector's middle half▼ 21.0%-€70,775below the sector's middle half▲ 12.5%
Equity-€922,732below the sector's middle half▼ 1,817%-€943,388below the sector's middle half▼ 2.2%-€1.0mbelow the sector's middle half▼ 7.1%-€1.1mbelow the sector's middle half▼ 8.0%-€1.2mbelow the sector's middle half▼ 6.5%
Total assets€24,742below the sector's middle half▼ 96.7%€8,833below the sector's middle half▼ 64.3%€2,030below the sector's middle half▼ 77.0%€2,233below the sector's middle half▲ 10.0%€5,764below the sector's middle half▲ 158%
Debt€947,474▲ 17.2%€952,222▲ 0.5%€1.0m▲ 6.3%€1.1m▲ 8.0%€1.2m▲ 6.8%
Working capital-€922,732▼ 1,817%-€943,388▼ 2.2%-€1.0m▼ 7.1%-€1.1m▼ 8.0%-€1.2m▼ 6.5%
Solvency-3729.4%below the sector's middle half▼ 3723.0pp-10679.9%below the sector's middle half▼ 6950.5pp-49768.3%below the sector's middle half▼ 39088.4pp-48867.4%below the sector's middle half▲ 900.9pp-20155.5%below the sector's middle half▲ 28712.0pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Net result +98% on 2021. The accounts now follow the abbreviated schema, last year the full schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,772 in 2025 against €7,206 in 2024; the loss shrinks.
Key figures and ratios
Debt ≤ 1 year
€1.2m▲
2024 · €1.1m
A ratio outside any meaningful range has been withheld (balance sheet total €5,764, equity -€1.2m).
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 |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €0 | - | - | - |
| Operating charges60/66A | €868,416 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €5,662 | - | - | - |
| Goods for resale, raw materials and consumables60 | €407,645 | - | - | - | - | - |
| Purchases600/8 | €407,645 | - | - | - | - | - |
| Services and other goods61 | €250,308 | - | - | - | - | - |
| Other operating charges640/8 | €468 | €990 | €651 | €663 | €846 | ▲ 27.6% |
| Non-recurring operating charges66A | €209,995 | - | €100 | €300 | €0 | ▼ 100% |
| Gross operating margin9900 | - | -€325 | €70 | -€6,243 | -€5,926 | ▲ 5.1% |
| Operating profit (loss)9901 | -€868,416 | -€1,315 | -€682 | -€7,206 | -€6,772 | ▲ 6.0% |
| Financial charges65/66B | €6,192 | €19,342 | €66,132 | €73,660 | €64,003 | ▼ 13.1% |
| Recurring financial charges65 | €6,192 | €19,342 | €66,132 | €73,660 | €64,003 | ▼ 13.1% |
| Debt charges650 | €5,037 | - | - | - | - | - |
| Other financial charges652/9 | €1,155 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€874,608 | -€20,656 | -€66,814 | -€80,866 | -€70,775 | ▲ 12.5% |
| Profit (loss) for the period9904 | -€874,608 | -€20,656 | -€66,814 | -€80,866 | -€70,775 | ▲ 12.5% |
| Profit (loss) for the period to be appropriated9905 | -€874,608 | -€20,656 | -€66,814 | -€80,866 | -€70,775 | ▲ 12.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,742 | €8,833 | €2,030 | €2,233 | €5,764 | ▲ 158% |
| Current assets29/58 | €24,742 | €8,833 | €2,030 | €2,233 | €5,764 | ▲ 158% |
| Amounts receivable within one year40/41 | €52 | €548 | €1,503 | €1,596 | €98 | ▼ 93.9% |
| Other amounts receivable41 | €52 | €548 | €1,503 | €1,596 | €98 | ▼ 93.9% |
| Cash at bank and in hand54/58 | €24,690 | €8,285 | €527 | €637 | €5,667 | ▲ 790% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,742 | €8,833 | €2,030 | €2,233 | €5,764 | ▲ 158% |
| Equity10/15 | -€922,732 | -€943,388 | -€1.0m | -€1.1m | -€1.2m | ▼ 6.5% |
| Contributions10/11 | €64,000 | €64,000 | €64,000 | €64,000 | €64,000 | = |
| Capital10 | €64,000 | €64,000 | €64,000 | €64,000 | €64,000 | = |
| Issued capital100 | €64,000 | €64,000 | €64,000 | €64,000 | €64,000 | = |
| Profit (loss) carried forward14 | -€986,732 | -€1.0m | -€1.1m | -€1.2m | -€1.2m | ▼ 6.1% |
| Amounts payable17/49 | €947,474 | €952,222 | €1.0m | €1.1m | €1.2m | ▲ 6.8% |
| Amounts payable within one year42/48 | €947,474 | €952,222 | €1.0m | €1.1m | €1.2m | ▲ 6.8% |
| Trade debts44 | €5,731 | €10,478 | €23,232 | €11,801 | €32,108 | ▲ 172% |
| Suppliers440/4 | €5,731 | €10,478 | €23,232 | €11,801 | €32,108 | ▲ 172% |
| Other amounts payable47/48 | €941,743 | €941,743 | €989,000 | €1.1m | €1.1m | ▲ 5.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€874,608 | -€20,656 | -€66,814 | -€80,866 | -€70,775 | ▲ 12.5% |
| Operating cash flow (approximation) | -€874,608 | -€20,656 | -€66,814 | -€80,866 | -€70,775 | ▲ 12.5% |
| Change in cash | - | -€16,405 | -€7,758 | €110 | €5,030 | ▲ 4,490% |
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
18-09
State Gazette act
Resignation: De Bruyn Erik (director)Appointment: E.R.M., besloten vennootschap (director) · Permanent representative: Yves Remy · Director discharge7 facts ▸
State Gazette act
Resignation: De Bruyn Erik (director)
Appointment: E.R.M., besloten vennootschap (director) · Permanent representative: Yves Remy · Director discharge7 facts ▸
- General meeting, 03-07-2026
- Director resignation, De Bruyn Erik (director)
- Director discharge, De Bruyn Erik (director)
- Director appointment, E.R.M., besloten vennootschap (director)
- Permanent representative, Yves Remy (permanent representative)
- Power of attorney
- Power of attorney, Arianne Vervliet
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
19-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€874,608
Net result drops to -€874,608, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €377,125
Net result €377,125 after 2 loss-making years.
01-12
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 123 days late
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 7 acts read
About the unread acts
Of the 7 Belgian State Gazette acts we know for this company, 1 has been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 directors, last change in 2026
Board 2
E.R.M.
CurrentDirector · since 03-07-2026 · Private limited company · perm. rep.: Yves Remy
E.R.M., besloten vennootschap
CurrentDirector · since 18-09-2026 · Legal entity · from a recent act
Permanent representatives 1
Yves Remy
CurrentPermanent representative · since 03-07-2026 · for E.R.M.
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
6 of this company's 7 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Temse · 1 establishment unit since 2018
Ground area
5.3 ha
Building footprint
2,811 m²
Volume, LiDAR
371 m³
Parcel 46025B1190/00E026, Flanders · tallest building 4.6 m. Linked by address, not a title deed.
30
companies at this address
See who is registered here
1 establishment unit
C-Fast
since 20182.278.834.064
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025B1190/00E026 | Flanders | 5.3 ha | 1 · 2,811 m² | 4.5 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
3 people since 2026, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| E.R.M. |
|
| E.R.M., besloten vennootschapfrom an act |
|
| De Bruyn Erik |
|
Structure & network
Part of the group
C2F1
46 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- C2F1
- CORDEEL GROUP
- C-Fast
Highest known parent: C2F1. The sources do not say who stands above it.
Owners 1
- CORDEEL GROUPparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
1 current directorThe group is listed under Ownership & control below; here you explore it as a network.
This company
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Shareholding
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,773. 10,977 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-04-2018
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0693855945
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.