C2V DISTRIBUTION
ActiveSummary
The computed 12-month bankruptcy probability of C2V DISTRIBUTION is 1.9% (moderate). The 2024 annual accounts show equity of €269,610 and a net result of €8,659. Equity is growing by ~61.6% per year across the filed fiscal years. The company has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability57▼-32
Solvency79▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 2.16 against 2.02 in 2023; short-term debt: 36.7% and cash: 49.1% of total assets), and 46.1% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 12
Relative position
BE, all sectors
reference
Manufacture of tobacco products (NACE 12)
about 7% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-09-2025, 54 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
54 d late
2023
58 d late
2022
42 d late
2021
54 d late
2020
43 d late
2019
108 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 6 accounts on average 60 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8,659▼ 90.2%
2023 · €88,001
Working capital
€213,402▲ 0.7%
2023 · €211,977
Trend over the years
In euros
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€35,081▲ 82.4%€66,502▲ 89.6%€98,660▲ 48.4%€132,369▲ 34.2%€23,968▼ 81.9%
Net result€24,077▲ 110%€44,412▲ 84.5%€69,283▲ 56.0%€88,001▲ 27.0%€8,659▼ 90.2%
Equity€59,255▲ 68.4%€103,667▲ 75.0%€172,950▲ 66.8%€260,951▲ 50.9%€269,610▲ 3.3%
Total assets€146,476▲ 21.8%€228,751▲ 56.2%€376,853▲ 64.7%€530,519▲ 40.8%€500,246▼ 5.7%
Debt€87,222▲ 2.5%€125,085▲ 43.4%€203,903▲ 63.0%€269,568▲ 32.2%€230,636▼ 14.4%
Working capital€46,630▲ 101%€90,787▲ 94.7%€141,110▲ 55.4%€211,977▲ 50.2%€213,402▲ 0.7%
Staff (FTE)3.8▲ 2.7%3▼ 21.1%4▲ 33.3%5.2▲ 30.0%4.9▼ 5.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 82% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €500,246
Fixed assets
€103,089 ▼ 6.3%
Current assets
€397,158 ▼ 5.6%
Equity and liabilities €500,246
Equity
€269,610 ▲ 3.3%
Debt
€230,636 ▼ 14.4%
Debt's share of the balance-sheet total falls from 50.8% to 46.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40,584▼
2023 · €146,274
Cash flow
€25,276▼
2023 · €101,906
Current ratio
2.16▲
2023 · 2.02
Quick ratio
1.55▼
2023 · 1.66
Debt to equity
0.86▼
2023 · 1.03
ROE
3.2%▼
2023 · 33.7%
ROA
1.7%▼
2023 · 16.6%
Interest coverage
4.39▼
2023 · 15.57
Debt ≤ 1 year
€183,755▼
2023 · €208,527
Debt > 1 year
€46,881▼
2023 · €61,041
Income taxes
€6,190▼
2023 · €34,909
Staff costs
€177,146▲
2023 · €173,378
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.7%
went bankrupt
4.0%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 1.9% 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 10,905 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5,150 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €92,810 | €113,265 | €173,378 | €177,146 | ▲ 2.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,159 | €4,670 | €3,671 | €13,905 | €16,616 | ▲ 19.5% |
| Other operating charges640/8 | - | €2,125 | €2,529 | €3,771 | €1,547 | ▼ 59.0% |
| Gross operating margin9900 | €113,836 | €166,106 | €218,125 | €323,423 | €219,278 | ▼ 32.2% |
| Operating profit (loss)9901 | €35,081 | €66,502 | €98,660 | €132,369 | €23,968 | ▼ 81.9% |
| Financial income75/76B | - | €360 | €37 | €48 | €131 | ▲ 176% |
| Recurring financial income75 | €55 | €360 | €37 | €48 | €131 | ▲ 176% |
| Financial charges65/66B | - | €5,156 | €3,293 | €9,507 | €9,250 | ▼ 2.7% |
| Recurring financial charges65 | €3,798 | €5,156 | €3,293 | €9,395 | €9,250 | ▼ 1.5% |
| Non-recurring financial charges66B | - | - | - | €112 | - | - |
| Profit (loss) for the period before taxes9903 | €31,337 | €61,706 | €95,404 | €122,910 | €14,849 | ▼ 87.9% |
| Income taxes67/77 | €7,260 | €17,294 | €26,121 | €34,909 | €6,190 | ▼ 82.3% |
| Profit (loss) for the period9904 | €24,077 | €44,412 | €69,283 | €88,001 | €8,659 | ▼ 90.2% |
| Profit (loss) for the period to be appropriated9905 | €24,077 | €44,412 | €69,283 | €88,001 | €8,659 | ▼ 90.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146,476 | €228,751 | €376,853 | €530,519 | €500,246 | ▼ 5.7% |
| Fixed assets21/28 | €16,573 | €14,918 | €47,900 | €110,014 | €103,089 | ▼ 6.3% |
| Tangible fixed assets22/27 | €9,373 | €7,718 | €40,700 | €102,814 | €95,889 | ▼ 6.7% |
| Furniture and vehicles24 | - | €4,991 | €5,402 | €7,558 | €8,998 | ▲ 19.0% |
| Other tangible fixed assets26 | - | €2,726 | €35,299 | €95,256 | €86,891 | ▼ 8.8% |
| Financial fixed assets28 | €7,200 | €7,200 | €7,200 | €7,200 | €7,200 | = |
| Current assets29/58 | €129,903 | €213,834 | €328,953 | €420,505 | €397,158 | ▼ 5.6% |
| Stocks and contracts in progress3 | €65,423 | €70,573 | €71,326 | €73,608 | €112,253 | ▲ 52.5% |
| Stocks30/36 | - | €70,573 | €71,326 | €73,608 | €112,253 | ▲ 52.5% |
| Amounts receivable within one year40/41 | €34,052 | €100,889 | €35,618 | €37,561 | €35,144 | ▼ 6.4% |
| Trade receivables40 | - | €14,072 | €25,623 | - | - | - |
| Other amounts receivable41 | - | €86,817 | €9,995 | €37,561 | €35,144 | ▼ 6.4% |
| Cash at bank and in hand54/58 | €28,690 | €40,779 | €212,379 | €304,320 | €245,693 | ▼ 19.3% |
| Deferred charges and accrued income490/1 | - | €1,593 | €9,629 | €5,016 | €4,068 | ▼ 18.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146,476 | €228,751 | €376,853 | €530,519 | €500,246 | ▼ 5.7% |
| Equity10/15 | €59,255 | €103,667 | €172,950 | €260,951 | €269,610 | ▲ 3.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €21,860 | €64,360 | €131,860 | €219,360 | €227,860 | ▲ 3.9% |
| 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 | = |
| Distributable reserves133 | - | €62,500 | €130,000 | €217,500 | €226,000 | ▲ 3.9% |
| Profit (loss) carried forward14 | €18,795 | €20,707 | €22,490 | €22,991 | €23,150 | ▲ 0.7% |
| Amounts payable17/49 | €87,222 | €125,085 | €203,903 | €269,568 | €230,636 | ▼ 14.4% |
| Amounts payable after more than one year17 | €3,948 | €2,038 | €16,061 | €61,041 | €46,881 | ▼ 23.2% |
| Financial debts170/4 | - | €2,038 | €16,061 | €61,041 | €46,881 | ▼ 23.2% |
| Amounts payable within one year42/48 | €83,274 | €123,047 | €187,843 | €208,527 | €183,755 | ▼ 11.9% |
| Current portion of amounts payable after more than one year42 | - | €1,911 | €14,931 | €13,539 | €14,160 | ▲ 4.6% |
| Financial debts43 | - | - | - | €12,000 | €11,666 | ▼ 2.8% |
| Credit institutions430/8 | - | - | - | €12,000 | €11,666 | ▼ 2.8% |
| Trade debts44 | €1,438 | €30 | €78 | €17,056 | €59,993 | ▲ 252% |
| Suppliers440/4 | - | €30 | €78 | €17,056 | €59,993 | ▲ 252% |
| Taxes, remuneration and social security45 | - | €101,700 | €150,156 | €149,191 | €79,622 | ▼ 46.6% |
| Taxes450/3 | - | €70,593 | €108,222 | €96,052 | €50,071 | ▼ 47.9% |
| Remuneration and social security454/9 | - | €31,107 | €41,933 | €53,138 | €29,551 | ▼ 44.4% |
| Other amounts payable47/48 | - | €19,406 | €22,678 | €16,742 | €18,315 | ▲ 9.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,077 | €44,412 | €69,283 | €88,001 | €8,659 | ▼ 90.2% |
| + Depreciation and write-downs630 | €4,159 | €4,670 | €3,671 | €13,905 | €16,616 | ▲ 19.5% |
| Operating cash flow (approximation) | €28,236 | €49,082 | €72,955 | €101,906 | €25,276 | ▼ 75.2% |
| Investment in fixed assets (approximation) | - | -€3,015 | -€36,654 | -€76,019 | -€9,691 | ▲ 87.3% |
| Change in cash | - | €12,089 | €171,600 | €91,941 | -€58,628 | ▼ 164% |
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
23-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 54 days late
2024
27-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 58 days late
2023
31-12
Financial
Highest result since 2018net €88,001 ▲27%
Operating result €132,369, net result €88,001, both a record.
31-12
Financial
Equity above €200,000Eq €260,951 ▲50.9%
6 profitable years in a row build equity to €260,951.
11-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 42 days late
2022
31-12
Financial
Equity above €150,000Eq €172,950 ▲66.8%
5 profitable years in a row build equity to €172,950.
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 54 days late
2021
31-12
Financial
Equity above €100,000Eq €103,667 ▲75%
4 profitable years in a row build equity to €103,667.
12-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 43 days late
2020
16-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 108 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
23-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 23 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ukkel · 4 establishment units since 2015
Ground area
2,023 m²
Building footprint
1,356 m²
Volume, LiDAR
13,660 m³
4 parcels, Brussels, Flanders · tallest building 34.9 m, ±10 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
4 establishment units
Cig2Vap Danco/Globe
since 20152.246.198.415
Cig2Vap Brugmann Vdk
since 20172.293.619.636
Cig2vap Carrefour Drogenbos
since 20172.293.619.735
Cig2vap Louise
since 20222.332.913.247
4 parcels
Flanders
1
(25%)
Brussels
3
(75%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22001B0043/00M002 | Flanders | 1,350 m² | 1 · 820 m² | 8.2 m · 2 fl. |
| 21807G0114/00P000 | Brussels | 234 m² | 1 · 186 m² | 34.9 m · 10 fl. |
| 21016B0276/00W041 | Brussels | 220 m² | 1 · 133 m² | 19.6 m · 5 fl. |
| 21614E0098/00T000 | Brussels | 219 m² | 1 · 217 m² | 17.4 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Dual-learning approval
1 endedWinkelbediende (so)
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Of 27 companies in this sector we hold annual accounts for 20. 7 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded26-05-2015
Fiscal year end31-12
Activities, NACEBEL 2025
12000Manufacture of tobacco products
47770Retail sale of watches and jewellery
47260Retail trade
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0630827523
Also
9925:BE0630827523
Registered
30-01-2026
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.