C.FL.
ActiveSummary
C.FL. has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,060 and a net result of €73,733. Equity remains stable across the filed fiscal years (±0% per year). Its solvency ranks better than 12% of 12819 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency33▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.07 against 1.09 in 2024; short-term debt: 91.8% and cash: 33.1% of total assets), and 91.8% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
8.2%
Return on assets
74.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 12819 sector peers (2025).
NBB · sector comparisonPosition among 12819 sector peers
Solvency
better than 12%
← 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 12-05-2026, 80 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
80 d early
2024
37 d early
2023
69 d early
2022
28 d early
2021
60 d early
2020
76 d early
2019
7 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 49 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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. Usually files around 1 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€8,060=
2024 · €8,060
Total assets
€98,677▲ 41.0%
2024 · €69,973
Net result
€73,733▲ 53.6%
2024 · €48,011
Working capital
€6,056▲ 5.1%
2024 · €5,762
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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
Operating result€7,714▼ 51.9%€7,442▼ 3.5%€35,634▲ 379%€64,493▲ 81.0%€93,836▲ 45.5%
Net result€6,714below the sector's middle half▼ 57.7%€6,284below the sector's middle half▼ 6.4%€28,827within the sector's middle half▲ 359%€48,011within the sector's middle half▲ 66.6%€73,733within the sector's middle half▲ 53.6%
Equity€8,060below the sector's middle half=€8,060below the sector's middle half=€8,060below the sector's middle half=€8,060below the sector's middle half=€8,060below the sector's middle half=
Total assets€31,701below the sector's middle half▼ 31.5%€23,079below the sector's middle half▼ 27.2%€49,088below the sector's middle half▲ 113%€69,973below the sector's middle half▲ 42.5%€98,677within the sector's middle half▲ 41.0%
Debt€23,641▼ 38.2%€15,019▼ 36.5%€41,028▲ 173%€61,913▲ 50.9%€90,617▲ 46.4%
Working capital€7,607below the sector's middle half▼ 22.5%€6,832below the sector's middle half▼ 10.2%€7,351below the sector's middle half▲ 7.6%€5,762below the sector's middle half▼ 21.6%€6,056below the sector's middle half▲ 5.1%
Solvency25.4%below the sector's middle half▲ 8.0pp34.9%within the sector's middle half▲ 9.5pp16.4%below the sector's middle half▼ 18.5pp11.5%below the sector's middle half▼ 4.9pp8.2%below the sector's middle half▼ 3.4pp
Current ratio1.32within the sector's middle half▲ 0.051.45within the sector's middle half▲ 0.131.18below the sector's middle half▼ 0.281.09below the sector's middle half▼ 0.091.07below the sector's middle half▼ 0.03
Return on assets (ROA)21.2%within the sector's middle half▼ 13.2pp27.2%within the sector's middle half▲ 6.0pp58.7%above the sector's middle half▲ 31.5pp68.6%above the sector's middle half▲ 9.9pp74.7%above the sector's middle half▲ 6.1pp
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 45% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €98,677
Fixed assets
€2,004 ▼ 12.8%
Current assets
€96,673 ▲ 42.8%
Equity and liabilities €98,677
Equity
€8,060 =
Debt
€90,617 ▲ 46.4%
Debt's share of the balance-sheet total rises from 88.5% to 91.8%. Debt is higher.
Key figures and ratios
EBITDA
€94,424▲
2024 · €65,187
Cash flow
€74,321▲
2024 · €48,706
Debt to equity
11.24▲
2024 · 7.68
ROE
914.8%▲
2024 · 595.7%
Interest coverage
50.99▲
2024 · 32.20
Debt ≤ 1 year
€90,617▲
2024 · €61,913
Income taxes
€18,335▲
2024 · €14,592
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
4.5%
stopped otherwise
93%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 928 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €174 | €373 | €518 | €695 | €588 | ▼ 15.4% |
| Other operating charges640/8 | €838 | €348 | €621 | €4,306 | €2,795 | ▼ 35.1% |
| Gross operating margin9900 | €8,726 | €8,162 | €36,773 | €69,493 | €97,219 | ▲ 39.9% |
| Operating profit (loss)9901 | €7,714 | €7,442 | €35,634 | €64,493 | €93,836 | ▲ 45.5% |
| Financial income75/76B | €590 | €251 | €151 | €135 | €84 | ▼ 37.8% |
| Recurring financial income75 | €590 | €251 | €151 | €135 | €84 | ▼ 37.8% |
| Financial charges65/66B | €1,349 | €1,134 | €1,103 | €2,024 | €1,852 | ▼ 8.5% |
| Recurring financial charges65 | €1,349 | €1,134 | €1,103 | €2,024 | €1,852 | ▼ 8.5% |
| Profit (loss) for the period before taxes9903 | €6,955 | €6,558 | €34,681 | €62,603 | €92,069 | ▲ 47.1% |
| Income taxes67/77 | €241 | €274 | €5,855 | €14,592 | €18,335 | ▲ 25.6% |
| Profit (loss) for the period9904 | €6,714 | €6,284 | €28,827 | €48,011 | €73,733 | ▲ 53.6% |
| Profit (loss) for the period to be appropriated9905 | €6,714 | €6,284 | €28,827 | €48,011 | €73,733 | ▲ 53.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €31,701 | €23,079 | €49,088 | €69,973 | €98,677 | ▲ 41.0% |
| Fixed assets21/28 | €453 | €1,228 | €709 | €2,298 | €2,004 | ▼ 12.8% |
| Tangible fixed assets22/27 | €380 | €1,154 | €636 | €2,224 | €1,931 | ▼ 13.2% |
| Furniture and vehicles24 | €380 | €1,154 | €636 | €2,224 | €1,931 | ▼ 13.2% |
| Financial fixed assets28 | €73 | €73 | €73 | €73 | €73 | = |
| Current assets29/58 | €31,248 | €21,851 | €48,379 | €67,675 | €96,673 | ▲ 42.8% |
| Amounts receivable within one year40/41 | €7,399 | €10,617 | €6,502 | €9,452 | €3,033 | ▼ 67.9% |
| Trade receivables40 | €3,190 | €7,557 | €3,952 | - | - | - |
| Other amounts receivable41 | €4,208 | €3,060 | €2,550 | €9,452 | €3,033 | ▼ 67.9% |
| Current investments50/53 | €5 | €3 | €3 | €20,003 | €57,828 | ▲ 189% |
| Cash at bank and in hand54/58 | €23,845 | €10,631 | €41,627 | €34,228 | €32,634 | ▼ 4.7% |
| Deferred charges and accrued income490/1 | - | €600 | €248 | €3,992 | €3,178 | ▼ 20.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €31,701 | €23,079 | €49,088 | €69,973 | €98,677 | ▲ 41.0% |
| Equity10/15 | €8,060 | €8,060 | €8,060 | €8,060 | €8,060 | = |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | €1,860 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,860 | - | - | - | - | - |
| Distributable reserves133 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Amounts payable17/49 | €23,641 | €15,019 | €41,028 | €61,913 | €90,617 | ▲ 46.4% |
| Amounts payable within one year42/48 | €23,641 | €15,019 | €41,028 | €61,913 | €90,617 | ▲ 46.4% |
| Current portion of amounts payable after more than one year42 | €2,381 | - | - | - | - | - |
| Trade debts44 | €4,345 | €2,165 | €758 | €3,283 | €2,805 | ▼ 14.5% |
| Suppliers440/4 | €4,345 | €2,165 | €758 | €3,283 | €2,805 | ▼ 14.5% |
| Taxes, remuneration and social security45 | €10,201 | €6,570 | €11,444 | €10,620 | €14,079 | ▲ 32.6% |
| Taxes450/3 | €7,501 | €6,570 | €8,944 | €8,771 | €11,579 | ▲ 32.0% |
| Remuneration and social security454/9 | €2,700 | - | €2,500 | €1,848 | €2,500 | ▲ 35.3% |
| Other amounts payable47/48 | €6,714 | €6,284 | €28,827 | €48,011 | €73,733 | ▲ 53.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,714 | €6,284 | €28,827 | €48,011 | €73,733 | ▲ 53.6% |
| + Depreciation and write-downs630 | €174 | €373 | €518 | €695 | €588 | ▼ 15.4% |
| Operating cash flow (approximation) | €6,888 | €6,657 | €29,345 | €48,706 | €74,321 | ▲ 52.6% |
| Investment in fixed assets (approximation) | - | -€1,147 | €0 | -€2,283 | -€294 | ▲ 87.1% |
| Change in cash | - | -€13,214 | €30,995 | -€7,398 | -€1,594 | ▲ 78.4% |
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
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €73,733 ▲53.6%
Operating result €93,836, net result €73,733, both a record.
24-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
07-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 7 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
08-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
2 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, Grez-Doiceau · 1 establishment unit since 2019
Ground area
2,177 m²
Building footprint
277 m²
Volume, LiDAR
1,805 m³
2 parcels, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Rue Sainte-Marie 6, 4000 Liège
since 20192.294.331.496
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25001C0076/00R000 | Wallonia | 2,097 m² | 1 · 184 m² | 7.9 m · 2 fl. |
| 62805B0243/00K000 | Wallonia | 80 m² | 1 · 93 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CA-HJ
BE 1021.597.862
Ath · Eq €8,425
Mark Lombarts
BE 0736.513.575
Gistel · Eq €8,785
The Last Link
BE 1017.747.853
Liège · Eq €8,886
VANHOOYDONCK CAROLINE
BE 0768.381.342
Wuustwezel · Eq €7,165
CCC HDJ
BE 1013.993.854
Gerpinnes · Eq €9,321
Of 1,019 companies in sector 69103 we hold annual accounts for 611. 222 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
Founded10-01-2002
Fiscal year end31-12
Activities, NACEBEL 2025
69103Activities of bailiffs
E-invoicing
Reachable via Peppol
Peppol ID
0208:0476620881
Also
9925:BE0476620881
Registered
28-08-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.