C2D INVEST
Judicial reorganisationThe file of C2D INVEST contains 5 judicial reorganisations, as published in the Belgian State Gazette. During the judicial reorganisation Checked does not compute a bankruptcy probability from the figures: of the Belgian companies that opened one in 2023 and 2024, about one in four went bankrupt within twelve months. The 2024 annual accounts show equity of €434k and a net result of €118k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 51% of 493 sector peers (fiscal year 2024).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency33▲+20
Growth52=
Stability60
Credit verdict
Credit up to €14k at 30 days only on tighter terms
Liquidity short (current ratio 0.27 against 0.12 in 2023), and 71.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-09-2025, 47 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
47 d late
2023
57 d early
2022
1 d early
2021
6 d early
2020
61 d late
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€118k▼ 45.5%
2023 · €217k
2018: €217k
2019: €211k
2020: €-158k
2021: €-88k
2022: €117k
2023: €217k
2018 → 2024
Working capital
€-581k▲ 44.9%
2023 · €-1.05M
2018: €-376k
2019: €-625k
2020: €-688k
2021: €-606k
2022: €-846k
2023: €-1.05M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€73k-€-16k€100k€317k▲ 218%€434k▲ 36.7%
Operating result€-142k-€1k€188k▲ 18,496%€259k▲ 38.0%€163k▼ 37.2%
Net result€-158k-€-88k▲ 44.5%€117k€217k▲ 84.9%€118k▼ 45.5%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 37% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.54M
Fixed assets
€1.32M▼ 9.1%
Current assets
€217k▲ 46.4%
Equity and liabilities €1.54M
Equity
€434k▲ 36.7%
Debt
€1.10M▼ 14.0%
The debt ratio falls from 80.2% to 71.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€367k▼
2023 · €449k
Cash flow
€322k▼
2023 · €407k
Solvency
28.2%▲
2023 · 19.8%
Current ratio
0.27▲
2023 · 0.12
Quick ratio
0.26▲
2023 · 0.12
Debt / equity
2.55▼
2023 · 4.05
ROE
27.2%▼
2023 · 68.3%
ROA
7.7%▼
2023 · 13.5%
Interest coverage
41.76▲
2023 · 13.74
Debt
€1.10M▼
2023 · €1.28M
Debt ≤ 1 year
€797k▼
2023 · €1.20M
Debt > 1 year
€275k▲
2023 · €77k
Income taxes
€59k▲
2023 · €28k
Staff costs
€582k▲
2023 · €579k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.60M€1.54M▼
Fixed assets21/28€1.45M€1.32M▼
Intangible fixed assets21€8k€6k▼
Tangible fixed assets22/27€712k€771k▲
Land and buildings22€679k€614k▼
Plant, machinery and equipment23€11k€32k▲
Furniture and vehicles24€8k€5k▼
Assets under construction and advance payments27€13k€120k▲
Financial fixed assets28€732k€544k▼
Current assets29/58€148k€217k▲
Stocks and contracts in progress3€7k€6k▼
Stocks30/36€7k€6k▼
Amounts receivable within one year40/41€78k€173k▲
Trade receivables40€35k€127k▲
Other amounts receivable41€43k€46k▲
Cash at bank and in hand54/58€53k€34k▼
Deferred charges and accrued income490/1€10k€4k▼
Equity and liabilities
Total equity and liabilities10/49€1.60M€1.54M▼
Equity10/15€317k€434k▲
Contributions10/11€200k€200k=
Capital10€200k€200k=
Issued capital100€200k€200k=
Reserves13€35k€35k=
Non-distributable reserves130/1€20k€20k=
Legal reserve130€20k€20k=
Tax-exempt reserves132€15k€15k=
Profit (loss) carried forward14€74k€192k▲
Investment grants15€8k€6k▼
Provisions and deferred taxes16€0-
Deferred taxes168€0-
Amounts payable17/49€1.28M€1.10M▼
Amounts payable after more than one year17€77k€275k▲
Financial debts170/4€77k€0▼
Trade debts175-€275k
Amounts payable within one year42/48€1.20M€797k▼
Current portion of amounts payable after more than one year42€105k€45k▼
Financial debts43€18k€26k▲
Credit institutions430/8€18k€26k▲
Trade debts44€760k€363k▼
Suppliers440/4€760k€363k▼
Advances received on contracts in progress46€35k€41k▲
Taxes, remuneration and social security45€285k€323k▲
Taxes450/3€145k€173k▲
Remuneration and social security454/9€139k€150k▲
Other amounts payable47/48-€0
Accrued charges and deferred income492/3€4k€31k▲
Income statement
Code20232024
Remuneration, social security and pensions62€579k€582k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€190k€204k▲
Other operating charges640/8€83k€89k▲
Non-recurring operating charges66A€7k€3k▼
Gross operating margin9900€1.12M€1.04M▼
Operating profit (loss)9901€259k€163k▼
Financial income75/76B€18k€23k▲
Recurring financial income75€18k€23k▲
Financial charges65/66B€33k€9k▼
Recurring financial charges65€33k€9k▼
Profit (loss) for the period before taxes9903€244k€177k▼
Transfer from deferred taxes780€0-
Income taxes67/77€28k€59k▲
Profit (loss) for the period9904€217k€118k▼
Profit (loss) for the period to be appropriated9905€217k€118k▼
Appropriation of the result
Profit (loss) to be appropriated9906€74k€192k▲
Profit (loss) brought forward from the previous period14P€-143k€74k▲
Social balance
Average headcount (FTE)90879.710.2▲
The notes to these accounts (21 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 47 days late
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €200kEq €317k ▲218%
2 profitable years in a row build equity to €317k.
30-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €117k
Net result €117k after 2 loss-making years.
23-09
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · collectif · event 15-09-2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
19-05
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · collectif · event 12-05-2022
2021
25-11
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · collectif · event 18-11-2021
27-10
Judicial reorganisation
Extension
Tribunal de l’entreprise du Hainaut · amiable · event 15-10-2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
23-04
Judicial reorganisation
Opening
Tribunal de l’entreprise du Hainaut · amiable · event 16-04-2021
2020
31-12
Financial
Weakest financial yearnet €-158k ▼175%
Net result drops to €-158k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
06-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2013
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
01-07-2013
François CAYMAN: Resigned as Director
01-07-2013
François CAYMAN: Resigned as Daily management
01-07-2013
IMMO-SAMBRE S.A.: Resigned as Director
Location & real-estate footprint
Registered office, Charleroi · 1 establishment unit since 2007
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.
Avenue Georges Lemaitre 266041 CharleroiGround area
8,354 m²
Building footprint
2,864 m²
Volume, LiDAR
35,068 m³
2 parcels, Flanders, Wallonia · tallest building 20.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
IBIS KORTRIJK CENTRUM
since 20072.166.034.645
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028B0322/00N000 | Wallonia | 6,489 m² | 1 · 999 m² | 11.0 m · 2 fl. |
| 34022G0480/00P000 | Flanders | 1,866 m² | 1 · 1,866 m² | 20.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Connections & network
23 connected companiesNetwork connections
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Public money · subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 3,045 EUR awarded · 2,708 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,145 EUR | 1,808 EUR |
| 2024 | 1 | 900 EUR | 900 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteKortrijk2.166.034.645
Similar companies · same sector, comparable size
GRAND CAFE DU THEATRE - BRUGGE
BE 0455.456.570
Brugge · Eq €434k
HOTEL SERVICES
BE 0425.522.172
Oostende · Eq €434k
LACE HOTEL
BE 0460.086.638
Brugge · Eq €434k
HOTEL KEMPEN
BE 0785.523.420
Geel · Eq €435k
VA LEQUEUX SRL
BE 0508.622.270
Vaux-sur-Sûre · Eq €432k
Of 2,384 companies in sector 55100 we hold annual accounts for 1,507. 1,085 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded25-10-2007
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
55101Hotels
Sources
Crossroads Bank for EnterprisesNational Bank · 17 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.