CB 109 MANAGEMENT
ActiveCB 109 MANAGEMENT has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €277k and a net result of €66k. Equity is growing by ~57.6% per year across the filed fiscal years. Its solvency ranks better than 77% of 12690 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
90
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability93▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 4.88 against 3.88 in 2024; short-term debt: 19.8% and cash: 19.6% of total assets), and 19.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
80.1%
Return on assets
19.1%
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
61 d late
2023
26 d late
2022
31 d late
2021
22 d late
2020
32 d late
2019
34 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€66k▲ 18.7%
2024 · €56k
2018: €-6k
2019: €12k
2020: €10k
2021: €7k
2022: €59k
2023: €56k
2024: €56k
2018 → 2025
Working capital
€266k▲ 39.6%
2024 · €190k
2018: €7k
2019: €18k
2020: €28k
2021: €29k
2022: €80k
2023: €132k
2024: €190k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€41k-€100k▲ 143%€156k▲ 56.3%€211k▲ 35.7%€277k▲ 31.2%
Operating result€14k-€86k▲ 506%€78k▼ 9.2%€75k▼ 4.3%€93k▲ 24.2%
Net result€7k-€59k▲ 728%€56k▼ 4.3%€56k▼ 0.9%€66k▲ 18.7%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 24% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €346k
Fixed assets
€12k▼ 42.5%
Current assets
€334k▲ 30.3%
Equity and liabilities €346k
Equity
€277k▲ 31.2%
Debt
€69k▲ 4.1%
The debt ratio falls from 23.8% to 19.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€105k▲
2024 · €87k
Cash flow
€78k▲
2024 · €67k
Solvency
80.1%▲
2024 · 76.2%
Current ratio
4.88▲
2024 · 3.88
Quick ratio
4.88▲
2024 · 3.88
Debt / equity
0.25▼
2024 · 0.31
ROE
23.8%▼
2024 · 26.3%
ROA
19.1%▼
2024 · 20.0%
Interest coverage
176.04▲
2024 · 113.24
Debt
€69k▲
2024 · €66k
Debt ≤ 1 year
€68k▲
2024 · €66k
Income taxes
€36k▲
2024 · €27k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€277k€346k▲
Fixed assets21/28€21k€12k▼
Tangible fixed assets22/27€21k€12k▼
Furniture and vehicles24€20k€12k▼
Leasing and similar rights25€687-
Current assets29/58€256k€334k▲
Amounts receivable after more than one year29€30k€30k=
Other amounts receivable291€30k€30k=
Amounts receivable within one year40/41€158k€235k▲
Trade receivables40€5k€32k▲
Other amounts receivable41€153k€203k▲
Cash at bank and in hand54/58€67k€68k▲
Deferred charges and accrued income490/1€681€748▲
Equity and liabilities
Total equity and liabilities10/49€277k€346k▲
Equity10/15€211k€277k▲
Contributions10/11€12k€12k=
Reserves13€177k€243k▲
Non-distributable reserves130/1€236€236=
Reserves not available under the articles1311€236€236=
Distributable reserves133€177k€243k▲
Profit (loss) carried forward14€22k€22k=
Amounts payable17/49€66k€69k▲
Amounts payable within one year42/48€66k€68k▲
Current portion of amounts payable after more than one year42€6k€936▼
Trade debts44€8k€41k▲
Suppliers440/4€8k€41k▲
Taxes, remuneration and social security45€51k€27k▼
Taxes450/3€51k€27k▼
Accrued charges and deferred income492/3-€400
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€12k▲
Other operating charges640/8€2k€710▼
Gross operating margin9900€89k€105k▲
Operating profit (loss)9901€75k€93k▲
Financial income75/76B€9k€10k▲
Recurring financial income75€9k€10k▲
Financial charges65/66B€764€595▼
Recurring financial charges65€764€595▼
Profit (loss) for the period before taxes9903€83k€102k▲
Income taxes67/77€27k€36k▲
Profit (loss) for the period9904€56k€66k▲
Profit (loss) for the period to be appropriated9905€56k€66k▲
Appropriation of the result
Profit (loss) to be appropriated9906€77k€88k▲
Profit (loss) brought forward from the previous period14P€21k€22k▲
Transfer to equity691/2€55k€66k▲
To other reserves6921€55k€66k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Highest result since 2018net €66k ▲18.7%
Operating result €93k, net result €66k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Equity above €200kEq €211k ▲35.7%
6 profitable years in a row build equity to €211k.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
31-12
Financial
Equity above €150kEq €156k ▲56.3%
5 profitable years in a row build equity to €156k.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 32 days late
2020
03-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 34 days late
2019
31-12
Financial
Back to profitnet €12k
Net result €12k after one loss-making year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
01-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 1 day late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Beyne-Heusay · 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.
Rue Gueufosse 344610 Beyne-HeusayGround area
2,751 m²
Building footprint
274 m²
Volume, LiDAR
2,846 m³
2 parcels, Wallonia · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CB 109 MANAGEMENT
since 20112.271.443.060
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62082C0258/00K000 | Wallonia | 2,145 m² | 1 · 153 m² | 8.3 m · 2 fl. |
| 62051C1092/00F000 | Wallonia | 606 m² | 1 · 121 m² | 17.6 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.
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Of 22,051 companies in sector 69101 we hold annual accounts for 9,053. 6,861 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded01-12-2011
Fiscal year end31-12
Activities, NACEBEL
69101Activities of lawyers
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:c.bodson@avocats109.be