CB CONSULT
ActiveSummary
CB CONSULT has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€33,575) and a net result of €19,674. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 1003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability70▼-1
Solvency23▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.03 against 0.03 in 2024; short-term debt: 95% and cash: 2.4% 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more 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
-2.4%
Return on assets
1.4%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1003 sector peers (2025).
NBB · sector comparisonPosition among 1003 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 22-01-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
6 d early
2023
6 d early
2022
8 d early
2021
28 d late
2020
180 d late
2019
2 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 26 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close27-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€33,575▲ 36.9%
2024 · -€53,249
Total assets
€1.4m▼ 3.4%
2024 · €1.5m
Net result
€19,674▼ 10.6%
2024 · €22,005
Working capital
-€1.3m▲ 2.9%
2024 · -€1.3m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 42, Civil engineering, 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€48,080▲ 18.2%€15,388▼ 68.0%€87,318▲ 467%€26,854▼ 69.2%€24,083▼ 10.3%
Net result€21,828within the sector's middle half▲ 58.5%€624within the sector's middle half▼ 97.1%€80,261above the sector's middle half▲ 12,763%€22,005within the sector's middle half▼ 72.6%€19,674within the sector's middle half▼ 10.6%
Equity-€156,139below the sector's middle half▲ 12.3%-€155,515below the sector's middle half▲ 0.4%-€75,254below the sector's middle half▲ 51.6%-€53,249below the sector's middle half▲ 29.2%-€33,575below the sector's middle half▲ 36.9%
Total assets€1.7mabove the sector's middle half▼ 3.3%€1.6mabove the sector's middle half▼ 4.1%€1.6mabove the sector's middle half▼ 1.2%€1.5mabove the sector's middle half▼ 6.0%€1.4mabove the sector's middle half▼ 3.4%
Debt€1.8m▼ 4.1%€1.7m▼ 3.8%€1.6m▼ 5.7%€1.5m▼ 7.1%€1.5m▼ 4.6%
Working capital-€1.5m▼ 0.2%-€1.5m▼ 0.5%-€1.4m▲ 8.5%-€1.3m▲ 3.0%-€1.3m▲ 2.9%
Solvency-9.5%below the sector's middle half▲ 1.0pp-9.8%below the sector's middle half▼ 0.4pp-4.8%below the sector's middle half▲ 5.0pp-3.6%below the sector's middle half▲ 1.2pp-2.4%below the sector's middle half▲ 1.3pp
above
within
below
the middle half (P25 to P75) of NACE 42, Civil engineering, each year against the same schema; no band under 30 filings.
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 has fallen two years in a row; 2025 is 10% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.4m
Fixed assets
€1.4m ▼ 3.8%
Current assets
€45,274 ▲ 10.3%
Key figures and ratios
EBITDA
€78,995▼
2024 · €81,767
Cash flow
€74,587▼
2024 · €76,918
Current ratio
0.03▲
2024 · 0.03
Debt to equity
-43.28▼
2024 · -28.61
ROA
1.4%▼
2024 · 1.5%
Interest coverage
17.92▲
2024 · 16.86
Debt ≤ 1 year
€1.3m▼
2024 · €1.4m
Debt > 1 year
€103,942▼
2024 · €139,837
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 516 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92% are still going.
- Small
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.5%
went bankrupt
3.9%
stopped otherwise
92%
still going
A further 1.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 516 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €55,825 | €55,825 | €55,572 | €54,913 | €54,913 | = |
| Other operating charges640/8 | - | €21,040 | €13,361 | €13,487 | €16,257 | ▲ 20.5% |
| Gross operating margin9900 | €106,822 | €92,253 | €156,251 | €95,254 | €95,252 | = |
| Operating profit (loss)9901 | €48,080 | €15,388 | €87,318 | €26,854 | €24,083 | ▼ 10.3% |
| Financial charges65/66B | - | €7,099 | €7,057 | €4,849 | €4,408 | ▼ 9.1% |
| Recurring financial charges65 | €26,252 | €7,099 | €7,057 | €4,849 | €4,408 | ▼ 9.1% |
| Profit (loss) for the period before taxes9903 | €21,828 | €8,290 | €80,261 | €22,005 | €19,674 | ▼ 10.6% |
| Income taxes67/77 | - | €7,666 | - | - | - | - |
| Profit (loss) for the period9904 | €21,828 | €624 | €80,261 | €22,005 | €19,674 | ▼ 10.6% |
| Profit (loss) for the period to be appropriated9905 | €21,828 | €624 | €80,261 | €22,005 | €19,674 | ▼ 10.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.7m | €1.6m | €1.6m | €1.5m | €1.4m | ▼ 3.4% |
| Fixed assets21/28 | €1.6m | €1.6m | €1.5m | €1.4m | €1.4m | ▼ 3.8% |
| Tangible fixed assets22/27 | €1.6m | €1.6m | €1.5m | €1.4m | €1.4m | ▼ 3.8% |
| Land and buildings22 | - | €1.6m | €1.5m | €1.4m | €1.4m | ▼ 3.8% |
| Current assets29/58 | €18,585 | €6,055 | €80,354 | €41,050 | €45,274 | ▲ 10.3% |
| Amounts receivable within one year40/41 | €794 | €374 | €6,623 | - | - | - |
| Other amounts receivable41 | - | €374 | €6,623 | - | - | - |
| Cash at bank and in hand54/58 | €2,281 | €2,281 | €67,081 | €31,400 | €33,874 | ▲ 7.9% |
| Deferred charges and accrued income490/1 | - | €3,400 | €6,650 | €9,650 | €11,400 | ▲ 18.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.7m | €1.6m | €1.6m | €1.5m | €1.4m | ▼ 3.4% |
| Equity10/15 | -€156,139 | -€155,515 | -€75,254 | -€53,249 | -€33,575 | ▲ 36.9% |
| Contributions10/11 | €125,000 | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Capital10 | - | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Issued capital100 | - | €125,000 | €125,000 | €125,000 | €125,000 | = |
| Revaluation surpluses12 | - | €4,775 | €4,775 | €4,775 | €4,775 | = |
| Reserves13 | €3,769 | €3,769 | €3,769 | €3,769 | €3,769 | = |
| Non-distributable reserves130/1 | - | €299 | €299 | €299 | €299 | = |
| Legal reserve130 | - | €299 | €299 | €299 | €299 | = |
| Distributable reserves133 | - | €3,470 | €3,470 | €3,470 | €3,470 | = |
| Profit (loss) carried forward14 | -€289,684 | -€289,060 | -€208,799 | -€186,793 | -€167,119 | ▲ 10.5% |
| Amounts payable17/49 | €1.8m | €1.7m | €1.6m | €1.5m | €1.5m | ▼ 4.6% |
| Amounts payable after more than one year17 | €284,674 | €220,067 | €175,311 | €139,837 | €103,942 | ▼ 25.7% |
| Financial debts170/4 | - | €220,067 | €175,311 | €139,837 | €103,942 | ▼ 25.7% |
| Amounts payable within one year42/48 | €1.5m | €1.5m | €1.5m | €1.4m | €1.3m | ▼ 2.5% |
| Current portion of amounts payable after more than one year42 | - | €64,607 | €45,004 | €35,474 | €35,895 | ▲ 1.2% |
| Trade debts44 | €14,135 | €15,449 | €381 | - | €8,972 | - |
| Suppliers440/4 | - | €15,449 | €381 | - | €8,972 | - |
| Taxes, remuneration and social security45 | - | €3,264 | €375 | - | €375 | - |
| Taxes450/3 | - | €3,264 | €375 | - | €375 | - |
| Other amounts payable47/48 | - | €1.4m | €1.4m | €1.3m | €1.3m | ▼ 3.3% |
| Accrued charges and deferred income492/3 | - | €218 | €210 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,828 | €624 | €80,261 | €22,005 | €19,674 | ▼ 10.6% |
| + Depreciation and write-downs630 | €55,825 | €55,825 | €55,572 | €54,913 | €54,913 | = |
| Operating cash flow (approximation) | €77,653 | €56,449 | €135,834 | €76,918 | €74,587 | ▼ 3.0% |
| Investment in fixed assets (approximation) | - | €0 | €37,025 | €0 | €0 | - |
| Change in cash | - | €0 | €64,800 | -€35,681 | €2,474 | ▲ 107% |
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
22-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
25-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €80,261 ▲12,763%
Operating result €87,318, net result €80,261, both a record.
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €624 ▼97.1%
Net result drops to €624, the lowest in the series; recovery starts the following year.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 180 days late
2020
02-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 2 days late
2019
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
06-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 218 days late
2017
19-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 108 days late
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, Wetteren · 1 establishment unit since 2001
Ground area
150 m²
Building footprint
150 m²
Volume, LiDAR
1,100 m³
Parcel 42302E0211/00X000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Moerstraat 2, 9230 Wetteren
since 20012.116.734.592
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42302E0211/00X000 | Flanders | 150 m² | 1 · 150 m² | 10.9 m · 3 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.
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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 1,824 companies in sector 42220 we hold annual accounts for 958. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded26-04-2001
Fiscal year end30-06
Activities, NACEBEL 2025
42220Construction of utility projects for electricity and telecommunications
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0474690878
Also
9925:BE0474690878
Registered
11-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.