C.R. DEVELOPPEMENT
C.R. DEVELOPPEMENT has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €868k and a net result of €17k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 74% of 1774 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.2% (low).
| Equity | €868k |
| Net result | €17k |
| Staff (FTE) | 2 |
| Better than sector | 74% |
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 | 48.5% | 23.9% | |
| Net result | €17k | €11k | |
| Equity | €868k | €69k | |
| Gross operating margin | €176k | €303k | |
| Staff costs | €60k | €318k |
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema | full schema |
| Revenue | - | - | €598k | €355k | - |
| EBITDA | €98k | €103k | €214k | €137k | €943 |
| Net profit | €17k | €61k | €149k | €87k | €-2.61M |
| Cash flow | €65k | €63k | €151k | €91k | €-2.61M |
| Staff costs | €60k | €51k | €40k | €6k | - |
| Income taxes | €19k | €26k | €50k | €25k | €14k |
| Dividends | - | - | - | - | - |
| Total assets | €1.79M | €1.80M | €1.97M | €1.48M | €1.41M |
| Equity | €868k | €851k | €790k | €184k | €97k |
| Debt | €921k | €949k | €1.18M | €1.29M | €1.31M |
| of which ≤ 1y | €522k | €486k | €645k | €689k | €639k |
| of which > 1y | €389k | €463k | €535k | €605k | €674k |
| Working capital | €-374k | €-350k | €-501k | €-572k | €-594k |
| Employees (FTE) | 2.0 | 1.6 | - | - | - |
| 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|
| Current ratio | 0.28 | 0.28 | 0.22 | 0.17 | 0.07 |
| Quick ratio | 0.28 | 0.28 | 0.22 | 0.17 | 0.07 |
| Working capital ratio | -20.9% | -19.5% | -25.4% | -38.7% | -42.2% |
| Solvency | 48.5% | 47.3% | 40.1% | 12.5% | 6.9% |
| Debt / equity | 1.06 | 1.11 | 1.49 | 7.03 | 6.95 |
| Long-term debt ratio | 0.45 | 0.54 | 0.68 | 3.29 | 6.95 |
| Interest coverage | 6.90 | 7.60 | 20.65 | 8.30 | - |
| Gross margin | - | - | 42.9% | 41.3% | - |
| Net margin | - | - | 24.9% | 24.6% | - |
| ROA | 0.9% | 3.4% | 7.6% | 5.9% | -185.1% |
| ROE | 2.0% | 7.1% | 18.9% | 47.4% | -2691.1% |
| EBITDA margin | - | - | 35.7% | 38.6% | - |
| Days sales outstanding | - | - | 20d | 25d | - |
| Days payable outstanding | - | - | 20d | 41d | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (27 line items)
| Line item | Code | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €1.79M | €1.80M | €1.97M | €1.48M | €1.41M |
| Fixed assets | 21/28 | €1.64M | €1.67M | €1.83M | €1.36M | €1.37M |
| Intangible fixed assets | 21 | €393k | €436k | - | - | - |
| Tangible fixed assets | 22/27 | €73k | €52k | €49k | €41k | €45k |
| Financial fixed assets | 28 | €1.18M | €1.18M | €1.78M | €1.32M | €1.32M |
| Current assets | 29/58 | €148k | €135k | €144k | €117k | €45k |
| Amounts receivable within one year | 40/41 | €77k | €81k | €47k | €55k | €31k |
| Cash & bank | 54/58 | €71k | €45k | €77k | €48k | €29 |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.79M | €1.80M | €1.97M | €1.48M | €1.41M |
| Equity | 10/15 | €868k | €851k | €790k | €184k | €97k |
| Contributions / capital | 10/11 | €1.11M | €1.11M | €1.11M | €1.11M | €1.11M |
| Reserves | 13 | €1.60M | €1.60M | €1.60M | €1.60M | €1.60M |
| Accumulated profits (losses) | 14 | €-2.30M | €-2.31M | €-2.37M | €-2.52M | €-2.61M |
| Provisions & deferred taxes | 16 | €2k | €2k | - | - | - |
| Amounts payable | 17/49 | €921k | €949k | €1.18M | €1.29M | €1.31M |
| Amounts payable after one year | 17 | €389k | €463k | €535k | €605k | €674k |
| Amounts payable within one year | 42/48 | €522k | €486k | €645k | €689k | €639k |
| Trade debts payable within one year | 44 | €88k | €27k | €18k | €24k | €23k |
| Income statement | ||||||
| Turnover | 70 | - | - | €598k | €355k | - |
| Gross operating margin | 9900 | €176k | €166k | €257k | €146k | €22k |
| Operating result | 9901 | €50k | €100k | €212k | €133k | €-3k |
| Financial income | 75 | €327 | €45 | - | - | €1k |
| Financial charges | 65 | €14k | €14k | €10k | €16k | €16k |
| Result before taxes | 9903 | €36k | €87k | €199k | €112k | €-17k |
| Income taxes | 67/77 | €19k | €26k | €50k | €25k | €14k |
| Net result for the period | 9904 | €17k | €61k | €149k | €87k | €-31k |
| Result to be appropriated | 9905 | €17k | €61k | €149k | €87k | €-31k |
| NACE primary | Event catering(56210) |
| Legal form | Public limited company(014) |
| Incorporation | 19-11-1986 |
| Status | Active |
| Postal code | 6230 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52065B0243/00N003 | Wallonia | 9,638 m² | 1 · 1,444 m² | 10.1 m · 2 fl. |
| 52028B0291/00G000 | Wallonia | 8,532 m² | 1 · 177 m² | 11.0 m · 3 fl. |
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
17-06-2024 Registered office moved to Thiméon
- 6230 Thiméon, rue Jean Lorette, 33
Technical details
{
"events": [
{
"kind": "zetel_transfer_cross_border_in",
"seat_type": "siege_social",
"new_address": {
"raw": "6230 Thim\u00E9on, rue Jean Lorette, 33",
"city": "Thim\u00E9on",
"region": "waals_gewest",
"street": "rue Jean Lorette",
"country": "BE",
"postcode": "6230",
"box_number": null,
"street_number": "33",
"locality_suffix": null
},
"old_address": null,
"effective_date": null,
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": true,
"old_address_source": "inferred",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "not_specified",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": "Christine CLINQUART",
"firm_city": null,
"firm_name": null,
"office_city": "Jumet",
"is_associated": false
},
"act_meta": {
"language": "mixed",
"pub_date": "2024-06-17",
"filing_date": "2024-05-13",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decision": {
"body": "buitengewone_algemene_vergadering",
"date": "2024-05-13",
"unanimous": true
},
"subject_company": {
"kbo": "0429.911.819",
"name_full": "C.R. DEVLOPPEMENT",
"legal_form": "SA"
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null,
"person_role_at_subject": null
},
"co_filed_documents": [
"une exp\u00E9dition de l\u0027acte"
]
}21-03-2024 Publication in the Belgian Official Gazette, Minor change
Technical details
{
"notary": {
"name": "Christine CLINQUART",
"firm_city": null,
"firm_name": null,
"office_city": "Jumet",
"is_associated": false
},
"act_meta": {
"language": "fr",
"pub_date": "2024-03-21",
"filing_date": "2024-03-19",
"act_kind_objet": "ASSEMBLEE GENERALE"
},
"decision": {
"body": "assembl\u00E9e_generale_extraordinaire",
"date": "2024-03-14",
"unanimous": true
},
"agm_change": {
"new_schedule": null,
"old_schedule": null,
"effective_from_year": null,
"rule_changes_summary": "Adaptation des statuts au Code des soci\u00E9t\u00E9s et des associations, adoption de nouveaux statuts en concordance avec le Code, modification des r\u00E8gles de convocation et de d\u00E9lib\u00E9ration de l\u0027assembl\u00E9e g\u00E9n\u00E9rale (proc\u00E9dure \u00E9crite, assembl\u00E9e \u00E0 distance), et renouvellement des nominations des administrateurs."
},
"detected_kind": "agm_rules_change",
"other_address": {
"action": "added",
"purpose": "succursale",
"address_new": "6041 Gosselies, rue Petit Piersoulx, num\u00E9ro 1",
"address_old": null,
"effective_date": null,
"effective_date_is_approximate": null
},
"mandate_renewal": {
"period_end": "2029",
"mandate_kind": "administrateur",
"period_start": "2022-04-19",
"remuneration_eur": null,
"remuneration_kind": "gratuit",
"person_or_entity_kbo": null,
"person_or_entity_name": "Morgane POULAERT"
},
"subject_company": {
"kbo": "0429.911.819",
"name_full": "C.R. DEVELOPPEMENT",
"legal_form": "SA"
},
"accounts_deposit": null,
"publication_proxy": {
"kind": "none",
"org_kbo": null,
"org_name": null,
"person_name": null,
"org_rep_person_name": null
},
"co_filed_documents": [
"expedition de l\u2019acte",
"les statuts coordonn\u00E9s"
],
"fiscal_year_change": {
"new_end_mm_dd": "31",
"old_end_mm_dd": "31",
"new_start_mm_dd": "01",
"old_start_mm_dd": "01",
"first_full_new_year": null,
"transition_period_end": null
},
"liquidation_closure": null,
"officer_designation": {
"role": "administrateur_del\u00E9gu\u00E9",
"organ": "conseil_d_administration",
"person_name": "Morgane POULAERT"
},
"special_procuration": null,
"is_volet_a_only_stub": false,
"vakbekwaamheid_change": null,
"should_reroute_to_category": null,
"single_shareholder_declaration": null
}| Legal nameFR | C.R. DEVELOPPEMENT |