C & T
ActiveSummary
C & T has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.0m) and a net result of -€156,866. Equity is shrinking by ~27.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 3173 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.08 in 2024; short-term debt: 278.1% and cash: 0.8% of total assets), and equity is negative.
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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 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
-178.1%
Return on assets
-26.9%
Age of the figures
9 mo
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 · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.0m
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
15 d late
2023
11 d late
2022
10 d late
2021
15 d late
2020
23 d late
2019
49 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 22 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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 15 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€1.0m▼ 17.8%
2024 · -€880,952
Total assets
€582,880▲ 36.9%
2024 · €425,908
Net result
-€156,866▲ 38.2%
2024 · -€253,787
Working capital
-€1.5m▼ 22.9%
2024 · -€1.2m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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-€42,602▼ 72.6%-€120,838▼ 184%-€147,747▼ 22.3%-€254,703▼ 72.4%-€156,877▲ 38.4%
Net result-€42,653below the sector's middle half▼ 116%-€120,089below the sector's middle half▼ 182%-€146,816below the sector's middle half▼ 22.3%-€253,787below the sector's middle half▼ 72.9%-€156,866below the sector's middle half▲ 38.2%
Equity-€360,260below the sector's middle half▼ 13.4%-€480,349below the sector's middle half▼ 33.3%-€627,165below the sector's middle half▼ 30.6%-€880,952below the sector's middle half▼ 40.5%-€1.0mbelow the sector's middle half▼ 17.8%
Total assets€101,694below the sector's middle half▼ 16.8%€480,290within the sector's middle half▲ 372%€485,736within the sector's middle half▲ 1.1%€425,908within the sector's middle half▼ 12.3%€582,880within the sector's middle half▲ 36.9%
Debt€461,954▲ 5.0%€960,639▲ 108%€1.1m▲ 15.9%€1.3m▲ 17.4%€1.6m▲ 24.0%
Working capital-€365,047below the sector's middle half▼ 13.5%-€418,157below the sector's middle half▼ 14.5%-€563,576below the sector's middle half▼ 34.8%-€1.2mbelow the sector's middle half▼ 113%-€1.5mbelow the sector's middle half▼ 22.9%
Solvency-354.3%below the sector's middle half▼ 94.3pp-100.0%below the sector's middle half▲ 254.2pp-129.1%below the sector's middle half▼ 29.1pp-206.8%below the sector's middle half▼ 77.7pp-178.1%below the sector's middle half▲ 28.8pp
Current ratio0.21below the sector's middle half▼ 0.060.20below the sector's middle half▼ 0.010.17below the sector's middle half▼ 0.040.08below the sector's middle half▼ 0.090.09below the sector's middle half▲ 0.01
Return on assets (ROA)-41.9%below the sector's middle half▼ 25.8pp-25.0%below the sector's middle half▲ 16.9pp-30.2%below the sector's middle half▼ 5.2pp-59.6%below the sector's middle half▼ 29.4pp-26.9%below the sector's middle half▲ 32.7pp
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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 stays negative: a loss of €156,877 in 2025 against €254,703 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €582,880
Fixed assets
€437,577 ▲ 36.4%
Current assets
€145,303 ▲ 38.3%
Key figures and ratios
EBITDA
-€81,945▲
2024 · -€178,906
Cash flow
-€81,934▲
2024 · -€177,990
Quick ratio
0.02▲
2024 · 0.00
Debt to equity
-1.56▼
2024 · -1.48
Interest coverage
-1821.00
Debt ≤ 1 year
€1.6m▲
2024 · €1.3m
Staff costs
€9,931▲
2024 · €7,659
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 598 companies that looked in July 2024 the way this one looks now, 9.4% went bankrupt within 24 months and 83% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
9.4%
went bankrupt
6.0%
stopped otherwise
83%
still going
A further 1.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 598 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €7,218 | €7,342 | €3,550 | €7,659 | €9,931 | ▲ 29.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,721 | €2,052 | €1,490 | €75,797 | €74,932 | ▼ 1.1% |
| Other operating charges640/8 | €10,679 | €12,845 | €12,575 | €17,846 | €8,826 | ▼ 50.5% |
| Non-recurring operating charges66A | - | €200 | - | - | €116 | - |
| Gross operating margin9900 | -€21,984 | -€98,399 | -€130,132 | -€153,401 | -€63,072 | ▲ 58.9% |
| Operating profit (loss)9901 | -€42,602 | -€120,838 | -€147,747 | -€254,703 | -€156,877 | ▲ 38.4% |
| Financial income75/76B | €25 | €940 | €1,007 | €916 | €56 | ▼ 93.9% |
| Recurring financial income75 | €25 | €25 | €63 | €916 | €56 | ▼ 93.9% |
| Non-recurring financial income76B | - | €915 | €944 | €916 | - | - |
| Financial charges65/66B | €76 | €191 | €76 | - | €45 | - |
| Recurring financial charges65 | €76 | €191 | €76 | - | €45 | - |
| Profit (loss) for the period before taxes9903 | -€42,653 | -€120,089 | -€146,816 | -€253,787 | -€156,866 | ▲ 38.2% |
| Profit (loss) for the period9904 | -€42,653 | -€120,089 | -€146,816 | -€253,787 | -€156,866 | ▲ 38.2% |
| Profit (loss) for the period to be appropriated9905 | -€42,653 | -€120,089 | -€146,816 | -€253,787 | -€156,866 | ▲ 38.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €101,694 | €480,290 | €485,736 | €425,908 | €582,880 | ▲ 36.9% |
| Fixed assets21/28 | €5,103 | €375,032 | €373,542 | €320,815 | €437,577 | ▲ 36.4% |
| Tangible fixed assets22/27 | €4,808 | €374,737 | €373,247 | €320,520 | €437,282 | ▲ 36.4% |
| Land and buildings22 | - | €10,920 | €10,920 | €10,920 | €10,920 | = |
| Plant, machinery and equipment23 | - | - | - | €20,763 | €65,116 | ▲ 214% |
| Furniture and vehicles24 | €4,808 | €363,817 | €362,327 | €288,837 | €361,246 | ▲ 25.1% |
| Financial fixed assets28 | €295 | €295 | €295 | €295 | €295 | = |
| Current assets29/58 | €96,591 | €105,258 | €112,194 | €105,093 | €145,303 | ▲ 38.3% |
| Stocks and contracts in progress3 | €89,100 | €99,100 | €99,100 | €99,100 | €109,100 | ▲ 10.1% |
| Stocks30/36 | €89,100 | €99,100 | €99,100 | €99,100 | €109,100 | ▲ 10.1% |
| Amounts receivable within one year40/41 | - | €3,544 | €8,271 | €3,771 | €22,001 | ▲ 483% |
| Trade receivables40 | - | - | €2,759 | €1,113 | €60 | ▼ 94.6% |
| Other amounts receivable41 | - | €3,544 | €5,512 | €2,658 | €21,941 | ▲ 725% |
| Cash at bank and in hand54/58 | €7,074 | €492 | €1,360 | €851 | €4,608 | ▲ 441% |
| Deferred charges and accrued income490/1 | €417 | €2,122 | €3,463 | €1,371 | €9,594 | ▲ 600% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €101,694 | €480,290 | €485,736 | €425,908 | €582,880 | ▲ 36.9% |
| Equity10/15 | -€360,260 | -€480,349 | -€627,165 | -€880,952 | -€1.0m | ▼ 17.8% |
| Contributions10/11 | €220,000 | €220,000 | €220,000 | €220,000 | €220,000 | = |
| Profit (loss) carried forward14 | -€580,260 | -€700,349 | -€847,165 | -€1.1m | -€1.3m | ▼ 14.2% |
| Amounts payable17/49 | €461,954 | €960,639 | €1.1m | €1.3m | €1.6m | ▲ 24.0% |
| Amounts payable after more than one year17 | - | €435,600 | €435,600 | - | - | - |
| Financial debts170/4 | - | €435,600 | €435,600 | - | - | - |
| Amounts payable within one year42/48 | €461,638 | €523,415 | €675,770 | €1.3m | €1.6m | ▲ 24.2% |
| Trade debts44 | €756 | €2,122 | €4,245 | - | €3,188 | - |
| Suppliers440/4 | €756 | €2,122 | €4,245 | - | €3,188 | - |
| Taxes, remuneration and social security45 | €4,996 | - | - | €849 | €875 | ▲ 3.1% |
| Taxes450/3 | €361 | - | - | - | - | - |
| Remuneration and social security454/9 | €4,635 | - | - | €849 | €875 | ▲ 3.1% |
| Other amounts payable47/48 | €455,886 | €521,293 | €671,525 | €1.3m | €1.6m | ▲ 23.9% |
| Accrued charges and deferred income492/3 | €316 | €1,624 | €1,531 | €1,534 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€42,653 | -€120,089 | -€146,816 | -€253,787 | -€156,866 | ▲ 38.2% |
| + Depreciation and write-downs630 | €2,721 | €2,052 | €1,490 | €75,797 | €74,932 | ▼ 1.1% |
| Operating cash flow (approximation) | -€39,932 | -€118,037 | -€145,326 | -€177,990 | -€81,934 | ▲ 54.0% |
| Investment in fixed assets (approximation) | - | -€371,981 | €0 | -€23,070 | -€191,694 | ▼ 731% |
| Change in cash | - | -€6,582 | €868 | -€509 | €3,757 | ▲ 838% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
15-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 15 days late
2024
31-12
Financial
Weakest financial yearnet -€253,787
Net result drops to -€253,787, the lowest in the series; recovery starts the following year.
11-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 11 days late
2023
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
15-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 20 days late
2018
22-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Aywaille · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Havelange 484920 Aywaille1 establishment unit
Havelange 38, 4920 Aywaille
since 20112.197.443.047
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,961 companies in sector 01430 we hold annual accounts for 743. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded23-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
01430Raising of horses and other equines
Contact
E-mail
mmcelotto@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0833982739
Also
9925:BE0833982739
Registered
13-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.