C&V ENGINEERING
Open bankruptcyA bankruptcy procedure is open for C&V ENGINEERING according to publications in the Belgian State Gazette; curator: YVES DESUTTER.
Summary
The 2024 annual accounts show equity of €75k and a net result of €20k.
Signals
Four 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 22% of 1936 sector peers (2024).
NBB · sector comparisonPosition among 1936 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
30 d late
2022
18 d early
2021
4 d early
2020
2 d early
2019
66 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€75k▼ 19.0%
2023 · €92k
2018: €54klowest in 7 years
2019: €66k▲ +20.9% vs 2018
2020: €113k▲ +71.9% vs 2019
2021: €127k▲ +12.4% vs 2020highest in 7 years
2022: €125k▼ -1.6% vs 2021
2023: €92k▼ -26.3% vs 2022
2024: €75k▼ -19.0% vs 2023
2018 → 2024
Total assets
€410k▼ 32.7%
2023 · €609k
2018: €326k
2019: €280k▼ -14.2% vs 2018
2020: €271k▼ -3.1% vs 2019lowest in 7 years
2021: €377k▲ +39.2% vs 2020
2022: €561k▲ +48.6% vs 2021
2023: €609k▲ +8.6% vs 2022highest in 7 years
2024: €410k▼ -32.7% vs 2023
2018 → 2024
Net result
€20k
2023 · €-33k
2018: €9k
2019: €13k▲ +43.1% vs 2018
2020: €49k▲ +277% vs 2019highest in 7 years
2021: €29k▼ -40.5% vs 2020
2022: €32k▲ +11.5% vs 2021
2023: €-33k▼ -201% vs 2022lowest in 7 years
2024: €20k▲ +162% vs 2023
2018 → 2024
Working capital
€60k▼ 32.8%
2023 · €90k
2018: €14klowest in 7 years
2019: €43k▲ +206% vs 2018
2020: €81k▲ +89.6% vs 2019
2021: €177k▲ +118% vs 2020highest in 7 years
2022: €135k▼ -24.0% vs 2021
2023: €90k▼ -33.5% vs 2022
2024: €60k▼ -32.8% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€113k-€127k▲ 12.4%€125k▼ 1.6%€92k▼ 26.3%€75k▼ 19.0%
2020: €113k
2021: €127k▲ +12.4% vs 2020highest in 5 years
2022: €125k▼ -1.6% vs 2021
2023: €92k▼ -26.3% vs 2022
2024: €75k▼ -19.0% vs 2023lowest in 5 years
Operating result€74k-€48k▼ 35.3%€39k▼ 17.8%€-22k€41k
2020: €74khighest in 5 years
2021: €48k▼ -35.3% vs 2020
2022: €39k▼ -17.8% vs 2021
2023: €-22k▼ -156% vs 2022lowest in 5 years
2024: €41k▲ +284% vs 2023
Net result€49k-€29k▼ 40.5%€32k▲ 11.5%€-33k€20k
2020: €49khighest in 5 years
2021: €29k▼ -40.5% vs 2020
2022: €32k▲ +11.5% vs 2021
2023: €-33k▼ -201% vs 2022lowest in 5 years
2024: €20k▲ +162% vs 2023
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €41k after a loss of €22k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €410k
Fixed assets
€71k ▼ 26.3%
Current assets
€339k ▼ 33.9%
Equity and liabilities €410k
Equity
€75k ▼ 19.0%
Debt
€335k ▼ 35.2%
Debt's share of the balance-sheet total falls from 84.9% to 81.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€67k▲
2023 · €6k
Cash flow
€47k▲
2023 · €-5k
Current ratio
1.22▲
2023 · 1.21
Quick ratio
0.57▲
2023 · 0.56
Debt to equity
4.49▼
2023 · 5.61
ROE
27.2%▲
2023 · -35.7%
ROA
5.0%▲
2023 · -5.4%
Interest coverage
5.33▲
2023 · 0.47
Debt ≤ 1 year
€279k▼
2023 · €424k
Debt > 1 year
€43k▼
2023 · €85k
Income taxes
€11k▲
2023 · €326
Staff costs
€108k▲
2023 · €103k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 59 lines
Balance sheet
Code20232024
Assets
Total assets20/58€609k€410k▼
Fixed assets21/28€96k€71k▼
Tangible fixed assets22/27€89k€64k▼
Land and buildings22€6k€5k▼
Plant, machinery and equipment23€5k€5k▼
Furniture and vehicles24€5k€1k▼
Leasing and similar rights25€70k€50k▼
Other tangible fixed assets26€4k€3k▼
Financial fixed assets28€6k€6k=
Current assets29/58€513k€339k▼
Stocks and contracts in progress3€276k€179k▼
Stocks30/36€89k€67k▼
Contracts in progress37€187k€112k▼
Amounts receivable within one year40/41€230k€143k▼
Trade receivables40€185k€66k▼
Other amounts receivable41€45k€77k▲
Cash at bank and in hand54/58-€10k
Deferred charges and accrued income490/1€7k€8k▲
Equity and liabilities
Total equity and liabilities10/49€609k€410k▼
Equity10/15€92k€75k▼
Contributions10/11€25k€789▼
Reserves13€100k€86k▼
Tax-exempt reserves132€6k€6k=
Distributable reserves133€95k€81k▼
Profit (loss) carried forward14€-33k€-13k▲
Amounts payable17/49€517k€335k▼
Amounts payable after more than one year17€85k€43k▼
Financial debts170/4€85k€43k▼
Amounts payable within one year42/48€424k€279k▼
Current portion of amounts payable after more than one year42€42k€42k▲
Financial debts43€22k€0▼
Credit institutions430/8€22k€0▼
Trade debts44€275k€91k▼
Suppliers440/4€275k€91k▼
Taxes, remuneration and social security45€85k€108k▲
Taxes450/3€59k€80k▲
Remuneration and social security454/9€26k€27k▲
Other amounts payable47/48-€38k
Accrued charges and deferred income492/3€8k€13k▲
Income statement
Code20232024
Remuneration, social security and pensions62€103k€108k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€27k▼
Other operating charges640/8€4k€12k▲
Non-recurring operating charges66A€5k€0▼
Gross operating margin9900€118k€187k▲
Operating profit (loss)9901€-22k€41k▲
Financial income75/76B€3k€3k▲
Recurring financial income75€3k€3k▲
Financial charges65/66B€13k€13k▼
Recurring financial charges65€13k€13k▼
Profit (loss) for the period before taxes9903€-33k€31k▲
Income taxes67/77€326€11k▲
Profit (loss) for the period9904€-33k€20k▲
Profit (loss) for the period to be appropriated9905€-33k€20k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-33k€-13k▲
Profit (loss) brought forward from the previous period14P-€-33k
Transfer from equity791/2-€14k
Profit to be distributed694/7-€14k
Return on contributions (dividend)694-€14k
Social balance
Average headcount (FTE)9087-1.0
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €88k | €92k | €103k | €108k | ▲ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €34k | €10k | €20k | €28k | €27k | ▼ 6.1% |
| Other operating charges640/8 | - | €3k | €2k | €4k | €12k | ▲ 202% |
| Non-recurring operating charges66A | - | - | €4k | €5k | €0 | ▼ 100% |
| Gross operating margin9900 | €197k | €149k | €157k | €118k | €187k | ▲ 58.8% |
| Operating profit (loss)9901 | €74k | €48k | €39k | €-22k | €41k | ▲ 284% |
| Financial income75/76B | - | €253 | €9k | €3k | €3k | ▲ 25.3% |
| Recurring financial income75 | €270 | €253 | €516 | €3k | €3k | ▲ 25.3% |
| Non-recurring financial income76B | - | - | €8k | - | - | - |
| Financial charges65/66B | - | €3k | €4k | €13k | €13k | ▼ 5.2% |
| Recurring financial charges65 | €4k | €3k | €4k | €13k | €13k | ▼ 5.2% |
| Profit (loss) for the period before taxes9903 | €70k | €45k | €44k | €-33k | €31k | ▲ 196% |
| Income taxes67/77 | €21k | €16k | €12k | €326 | €11k | ▲ 3,278% |
| Profit (loss) for the period9904 | €49k | €29k | €32k | €-33k | €20k | ▲ 162% |
| Profit (loss) for the period to be appropriated9905 | €49k | €29k | €32k | €-33k | €20k | ▲ 162% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €271k | €377k | €561k | €609k | €410k | ▼ 32.7% |
| Fixed assets21/28 | €34k | €26k | €117k | €96k | €71k | ▼ 26.3% |
| Tangible fixed assets22/27 | €27k | €20k | €111k | €89k | €64k | ▼ 28.2% |
| Land and buildings22 | - | €2k | €1k | €6k | €5k | ▼ 10.6% |
| Plant, machinery and equipment23 | - | €5k | €6k | €5k | €5k | ▼ 4.1% |
| Furniture and vehicles24 | - | €13k | €9k | €5k | €1k | ▼ 77.1% |
| Leasing and similar rights25 | - | - | €90k | €70k | €50k | ▼ 28.7% |
| Other tangible fixed assets26 | - | - | €4k | €4k | €3k | ▼ 13.5% |
| Financial fixed assets28 | €6k | €6k | €6k | €6k | €6k | = |
| Current assets29/58 | €237k | €351k | €444k | €513k | €339k | ▼ 33.9% |
| Stocks and contracts in progress3 | €40k | €110k | €202k | €276k | €179k | ▼ 35.2% |
| Stocks30/36 | - | €84k | €125k | €89k | €67k | ▼ 25.1% |
| Contracts in progress37 | - | €26k | €77k | €187k | €112k | ▼ 40.0% |
| Amounts receivable within one year40/41 | €194k | €237k | €237k | €230k | €143k | ▼ 37.9% |
| Trade receivables40 | - | €170k | €171k | €185k | €66k | ▼ 64.4% |
| Other amounts receivable41 | - | €67k | €66k | €45k | €77k | ▲ 71.3% |
| Cash at bank and in hand54/58 | - | - | - | - | €10k | - |
| Deferred charges and accrued income490/1 | - | €4k | €5k | €7k | €8k | ▲ 4.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €271k | €377k | €561k | €609k | €410k | ▼ 32.7% |
| Equity10/15 | €113k | €127k | €125k | €92k | €75k | ▼ 19.0% |
| Contributions10/11 | - | €25k | €25k | €25k | €789 | ▼ 96.8% |
| Reserves13 | €88k | €102k | €100k | €100k | €86k | ▼ 13.8% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Tax-exempt reserves132 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €94k | €92k | €95k | €81k | ▼ 14.6% |
| Profit (loss) carried forward14 | €0 | - | - | €-33k | €-13k | ▲ 61.7% |
| Amounts payable17/49 | €158k | €250k | €436k | €517k | €335k | ▼ 35.2% |
| Amounts payable after more than one year17 | €2k | €77k | €127k | €85k | €43k | ▼ 49.5% |
| Financial debts170/4 | - | €77k | €127k | €85k | €43k | ▼ 49.5% |
| Amounts payable within one year42/48 | €156k | €174k | €309k | €424k | €279k | ▼ 34.2% |
| Current portion of amounts payable after more than one year42 | - | €13k | €43k | €42k | €42k | ▲ 1.1% |
| Financial debts43 | - | €36k | €31k | €22k | €0 | ▼ 100% |
| Credit institutions430/8 | - | €36k | €31k | €22k | €0 | ▼ 100% |
| Trade debts44 | €46k | €69k | €153k | €275k | €91k | ▼ 66.8% |
| Suppliers440/4 | - | €69k | €153k | €275k | €91k | ▼ 66.8% |
| Taxes, remuneration and social security45 | - | €40k | €47k | €85k | €108k | ▲ 27.0% |
| Taxes450/3 | - | €25k | €31k | €59k | €80k | ▲ 36.7% |
| Remuneration and social security454/9 | - | €15k | €16k | €26k | €27k | ▲ 5.1% |
| Other amounts payable47/48 | - | €15k | €35k | - | €38k | - |
| Accrued charges and deferred income492/3 | - | - | - | €8k | €13k | ▲ 60.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €49k | €29k | €32k | €-33k | €20k | ▲ 162% |
| + Depreciation and write-downs630 | €34k | €10k | €20k | €28k | €27k | ▼ 6.1% |
| Operating cash flow (approximation) | €83k | €40k | €52k | €-5k | €47k | ▲ 1,118% |
| Investment in fixed assets (approximation) | - | €-3k | €-110k | €-7k | €-1k | ▲ 80.3% |
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
2026
10-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Mechelen · event 03-04-2026
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €20k
Net result €20k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-33k
Net result drops to €-33k, the lowest in the series.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €49k ▲277%
Operating result €74k, net result €49k, both a record.
31-12
Financial
Equity above €100kEq €113k ▲71.9%
3 profitable years in a row build equity to €113k.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
19-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Bornem · 1 establishment unit since 1988
Ground area
4,016 m²
Building footprint
1,696 m²
Volume, LiDAR
5,522 m³
Parcel 12007D0605/00X000, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
C&V ENGINEERING
since 19882.033.861.950
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12007D0605/00X000 | Flanders | 4,016 m² | 1 · 1,696 m² | 8.2 m · 1 fl. |
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YVES DESUTTER BOONHOF 24, 2890 PUURS-SINT-
AMANDS |
03-04-2026 → present |
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Of 11,571 companies in sector 71121 we hold annual accounts for 6,561. 5,147 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
Founded30-11-1987
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
Scores and ratios are computed by Checked and are not a credit decision.