C PLUS D
ActiveSummary
C PLUS D has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €42,136 and a net result of -€5,505. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 95% of 36380 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability3▼-64
Solvency100=
Growth22▼-30
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 21.79 against 8.23 in 2023; short-term debt: 3.7% of total assets), and 3.7% of the assets are financed with debt.
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Signals
Four 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
96.3%
Return on assets
-12.6%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-10-2025, 68 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
68 d late
2023
9 d late
2022
31 d late
2021
3 d late
2020
15 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 11 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€121,554▲ 15.9%
2022 · €104,880
EBIT margin
11.6%▲ 32.7pp
2022 · -21.1%
Net result
-€5,505
2023 · €9,575
Working capital
€34,037▲ 2.3%
2023 · €33,280
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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
Line20202021202220232024
Turnover€221,147▼ 7.4%€306,939▲ 38.8%€104,880▼ 65.8%€121,554▲ 15.9%
Operating result-€5,352▲ 30.4%€6,455-€22,136€14,105-€5,262
Net result€2,315within the sector's middle half▲ 849%€9,043within the sector's middle half▲ 291%-€18,527below the sector's middle half€9,575within the sector's middle half-€5,505below the sector's middle half
EBIT margin-2.4%▲ 0.8pp2.1%▲ 4.5pp-21.1%▼ 23.2pp11.6%▲ 32.7pp
Equity€47,549within the sector's middle half▲ 5.1%€56,592within the sector's middle half▲ 19.0%€38,065within the sector's middle half▼ 32.7%€47,641within the sector's middle half▲ 25.2%€42,136within the sector's middle half▼ 11.6%
Total assets€157,689within the sector's middle half▲ 90.7%€114,799within the sector's middle half▼ 27.2%€70,354within the sector's middle half▼ 38.7%€52,242below the sector's middle half▼ 25.7%€43,773below the sector's middle half▼ 16.2%
Debt€110,140▲ 194%€58,207▼ 47.2%€32,289▼ 44.5%€4,601▼ 85.8%€1,637▼ 64.4%
Working capital€41,182▼ 3.0%€64,515▲ 56.7%€25,728▼ 60.1%€33,280▲ 29.4%€34,037▲ 2.3%
Solvency30.2%within the sector's middle half▼ 24.5pp49.3%within the sector's middle half▲ 19.1pp54.1%within the sector's middle half▲ 4.8pp91.2%above the sector's middle half▲ 37.1pp96.3%above the sector's middle half▲ 5.1pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction 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
The operating result turns negative in 2024: a loss of €5,262 after €14,105 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43,773
Fixed assets
€8,099 ▼ 43.6%
Current assets
€35,674 ▼ 5.8%
Equity and liabilities €43,773
Equity
€42,136 ▼ 11.6%
Debt
€1,637 ▼ 64.4%
Debt's share of the balance-sheet total falls from 8.8% to 3.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€2,104▼
2023 · €17,420
Cash flow
-€2,346▼
2023 · €12,890
Current ratio
21.79▲
2023 · 8.23
Debt to equity
0.04▼
2023 · 0.10
ROE
-13.1%▼
2023 · 20.1%
ROA
-12.6%▼
2023 · 18.3%
Interest coverage
-8.67▼
2023 · 2.49
Debt ≤ 1 year
€1,637▼
2023 · €4,601
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 5,827 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €221,147 | €306,939 | €104,880 | €121,554 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €299,141 | €125,526 | €98,459 | €1,651 | ▼ 98.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €615 | €615 | €615 | €3,315 | €3,158 | ▼ 4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5,675 | - | - |
| Other operating charges640/8 | - | €727 | €875 | - | €452 | - |
| Gross operating margin9900 | -€3,935 | €7,797 | -€20,646 | €23,095 | -€1,651 | ▼ 107% |
| Operating profit (loss)9901 | -€5,352 | €6,455 | -€22,136 | €14,105 | -€5,262 | ▼ 137% |
| Financial income75/76B | - | €6,936 | €5,322 | €2,472 | - | - |
| Recurring financial income75 | €9,307 | €6,936 | €5,322 | €2,472 | - | - |
| Financial charges65/66B | - | €1,866 | €1,713 | €7,002 | €243 | ▼ 96.5% |
| Recurring financial charges65 | €905 | €1,866 | €1,713 | €7,002 | €243 | ▼ 96.5% |
| Profit (loss) for the period before taxes9903 | €3,051 | €11,526 | -€18,527 | €9,575 | -€5,505 | ▼ 157% |
| Income taxes67/77 | €735 | €2,482 | - | - | - | - |
| Profit (loss) for the period9904 | €2,315 | €9,043 | -€18,527 | €9,575 | -€5,505 | ▼ 157% |
| Profit (loss) for the period to be appropriated9905 | €2,315 | €9,043 | -€18,527 | €9,575 | -€5,505 | ▼ 157% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €157,689 | €114,799 | €70,354 | €52,242 | €43,773 | ▼ 16.2% |
| Fixed assets21/28 | €18,777 | €18,162 | €17,675 | €14,361 | €8,099 | ▼ 43.6% |
| Tangible fixed assets22/27 | €15,802 | €15,187 | €14,572 | €11,258 | €8,099 | ▼ 28.1% |
| Furniture and vehicles24 | - | €15,187 | €14,572 | €11,258 | €8,099 | ▼ 28.1% |
| Financial fixed assets28 | €2,975 | €2,975 | €3,103 | €3,103 | - | - |
| Current assets29/58 | €138,913 | €96,637 | €52,679 | €37,881 | €35,674 | ▼ 5.8% |
| Stocks and contracts in progress3 | €35,559 | €924 | €5,675 | - | - | - |
| Stocks30/36 | - | €924 | €5,675 | - | - | - |
| Amounts receivable within one year40/41 | €101,454 | €65,696 | €45,853 | €37,445 | €35,674 | ▼ 4.7% |
| Trade receivables40 | - | €65,696 | €44,844 | €36,958 | - | - |
| Other amounts receivable41 | - | - | €1,009 | €487 | €35,674 | ▲ 7,228% |
| Current investments50/53 | €418 | €418 | €418 | €418 | - | - |
| Cash at bank and in hand54/58 | - | €28,948 | - | €18 | - | - |
| Deferred charges and accrued income490/1 | - | €651 | €732 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €157,689 | €114,799 | €70,354 | €52,242 | €43,773 | ▼ 16.2% |
| Equity10/15 | €47,549 | €56,592 | €38,065 | €47,641 | €42,136 | ▼ 11.6% |
| Contributions10/11 | - | €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 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €39,489 | €48,532 | €30,005 | €39,581 | €34,076 | ▼ 13.9% |
| Amounts payable17/49 | €110,140 | €58,207 | €32,289 | €4,601 | €1,637 | ▼ 64.4% |
| Amounts payable after more than one year17 | €11,610 | €7,688 | €3,738 | - | - | - |
| Financial debts170/4 | - | €7,688 | €3,738 | - | - | - |
| Amounts payable within one year42/48 | €97,730 | €32,122 | €26,951 | €4,601 | €1,637 | ▼ 64.4% |
| Current portion of amounts payable after more than one year42 | - | €3,922 | €3,950 | - | - | - |
| Financial debts43 | - | - | €5,539 | - | €384 | - |
| Credit institutions430/8 | - | - | €5,539 | - | €384 | - |
| Trade debts44 | €50,508 | €13,089 | €5,894 | €1,415 | €920 | ▼ 35.0% |
| Suppliers440/4 | - | €13,089 | €5,894 | €1,415 | €920 | ▼ 35.0% |
| Taxes, remuneration and social security45 | - | €6,064 | €5,457 | €333 | €333 | = |
| Taxes450/3 | - | €4,589 | €3,982 | €333 | €333 | = |
| Remuneration and social security454/9 | - | €1,475 | €1,475 | - | - | - |
| Other amounts payable47/48 | - | €9,048 | €6,111 | €2,853 | - | - |
| Accrued charges and deferred income492/3 | - | €18,397 | €1,600 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,315 | €9,043 | -€18,527 | €9,575 | -€5,505 | ▼ 157% |
| + Depreciation and write-downs630 | €615 | €615 | €615 | €3,315 | €3,158 | ▼ 4.7% |
| Operating cash flow (approximation) | €2,930 | €9,658 | -€17,912 | €12,890 | -€2,346 | ▼ 118% |
| Investment in fixed assets (approximation) | - | €0 | -€128 | €0 | €3,103 | - |
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
2025
07-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 68 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 21.79
Current ratio from 8.23 to 21.79; short-term debt falls from €4,601 to €1,637.
09-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 9 days late
2023
31-12
Financial
Back to profitnet €9,575
Net result €9,575 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 8.23
Current ratio from 1.95 to 8.23; short-term debt falls from €26,951 to €4,601.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet -€18,527
Net result drops to -€18,527, the lowest in the series; recovery starts the following year.
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 3 days late
2021
31-12
Financial
Liquidity doublescurrent ratio 3.01
Current ratio from 1.42 to 3.01; short-term debt falls from €97,730 to €32,122.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
25-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 5 days late
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.
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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, Halle · 1 establishment unit since 1999
Ground area
1,996 m²
Building footprint
969 m²
Volume, LiDAR
2,675 m³
2 parcels, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
ID KITCHEN
since 19992.099.219.461
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23412I0368/00A000 | Flanders | 1,669 m² | 1 · 656 m² | 5.9 m |
| 22006B0133/00C003 | Flanders | 327 m² | 1 · 312 m² | 10.4 m · 2 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.
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ARION BOUW
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KREA
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Of 20,025 companies in sector 43320 we hold annual accounts for 9,134. 7,234 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 (pre-2019)
Founded13-09-1999
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
47551Retail sale of household furniture
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.