CB EXPERIENCE
ActiveSummary
CB EXPERIENCE has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €22,543 and a net result of €29,965. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 172 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▼-15
Solvency29▲+12
Growth78=
Track record94
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity short (current ratio 0.22 against 0.53 in 2023; short-term debt: 35.6% and cash: 7.8% of total assets), and 96.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 50
Relative position
BE, all sectors
reference
Water transport (NACE 50)
about 39% fewer 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 2024Solvency, return and age of the figures
Solvency
3.8%
Return on assets
5.1%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 172 sector peers (2024).
NBB · sector comparisonPosition among 172 sector peers
Solvency
better than 20%
← 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 14-07-2025, 17 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
not confirmed
2024
17 d early
2023
78 d early
2022
34 d early
2021
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 25 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 41% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€22,543
2023 · -€7,422
Total assets
€591,936▲ 503%
2023 · €98,177
Net result
€29,965▲ 82.1%
2023 · €16,451
Working capital
-€164,345▼ 232%
2023 · -€49,558
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 50, Water transport, 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
Line2021202220232024
Operating result-€21,537--€12,272▲ 43.0%€16,489€40,482▲ 146%
Net result-€21,574below the sector's middle half--€12,299below the sector's middle half▲ 43.0%€16,451within the sector's middle half€29,965within the sector's middle half▲ 82.1%
Equity-€11,574below the sector's middle half--€23,873below the sector's middle half▼ 106%-€7,422below the sector's middle half▲ 68.9%€22,543within the sector's middle half
Total assets€84,157within the sector's middle half-€61,549below the sector's middle half▼ 26.9%€98,177within the sector's middle half▲ 59.5%€591,936within the sector's middle half▲ 503%
Debt€95,732-€85,422▼ 10.8%€105,599▲ 23.6%€569,393▲ 439%
Working capital-€22,659--€51,411▼ 127%-€49,558▲ 3.6%-€164,345▼ 232%
Solvency-13.8%below the sector's middle half--38.8%below the sector's middle half▼ 25.0pp-7.6%below the sector's middle half▲ 31.2pp3.8%below the sector's middle half▲ 11.4pp
above
within
below
the middle half (P25 to P75) of NACE 50, Water transport, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2024 is 146% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €591,936
Fixed assets
€545,841 ▲ 1,195%
Current assets
€46,095 ▼ 17.7%
Equity and liabilities €591,936
Equity
€22,543
Debt
€569,393
Debt finances 96.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€52,913▲
2023 · €27,919
Cash flow
€42,396▲
2023 · €27,882
Current ratio
0.22▼
2023 · 0.53
Debt to equity
25.26▲
2023 · -14.23
ROE
132.9%
ROA
5.1%▼
2023 · 16.8%
Interest coverage
6.90▼
2023 · 751.72
Debt ≤ 1 year
€210,440▲
2023 · €105,599
Debt > 1 year
€358,954
Income taxes
€2,850
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 875 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
1.1%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 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% | 1.7% |
| 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 75% 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 875 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 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,452 | €5,470 | €11,430 | €12,432 | ▲ 8.8% |
| Other operating charges640/8 | €398 | €348 | €384 | €33,522 | ▲ 8,620% |
| Gross operating margin9900 | -€19,687 | -€6,455 | €28,303 | €86,436 | ▲ 205% |
| Operating profit (loss)9901 | -€21,537 | -€12,272 | €16,489 | €40,482 | ▲ 146% |
| Financial income75/76B | €3 | €0 | - | - | - |
| Recurring financial income75 | €3 | €0 | - | - | - |
| Financial charges65/66B | €41 | €27 | €37 | €7,667 | ▲ 20,543% |
| Recurring financial charges65 | €41 | €27 | €37 | €7,667 | ▲ 20,543% |
| Profit (loss) for the period before taxes9903 | -€21,574 | -€12,299 | €16,451 | €32,815 | ▲ 99.5% |
| Income taxes67/77 | - | - | - | €2,850 | - |
| Profit (loss) for the period9904 | -€21,574 | -€12,299 | €16,451 | €29,965 | ▲ 82.1% |
| Profit (loss) for the period to be appropriated9905 | -€21,574 | -€12,299 | €16,451 | €29,965 | ▲ 82.1% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €84,157 | €61,549 | €98,177 | €591,936 | ▲ 503% |
| Fixed assets21/28 | €11,085 | €27,538 | €42,137 | €545,841 | ▲ 1,195% |
| Intangible fixed assets21 | €4,468 | €3,190 | €1,911 | €633 | ▼ 66.9% |
| Tangible fixed assets22/27 | €6,617 | €24,348 | €40,225 | €545,208 | ▲ 1,255% |
| Land and buildings22 | - | - | - | €545,208 | - |
| Plant, machinery and equipment23 | €6,617 | €19,382 | €13,375 | - | - |
| Furniture and vehicles24 | - | €4,966 | €3,902 | - | - |
| Other tangible fixed assets26 | - | - | €22,948 | - | - |
| Current assets29/58 | €73,073 | €34,011 | €56,040 | €46,095 | ▼ 17.7% |
| Amounts receivable within one year40/41 | €62,365 | €29,733 | €44,765 | €150 | ▼ 99.7% |
| Trade receivables40 | €61,266 | €4,900 | €33,004 | - | - |
| Other amounts receivable41 | €1,100 | €24,833 | €11,761 | €150 | ▼ 98.7% |
| Cash at bank and in hand54/58 | €10,707 | €4,278 | €11,276 | €45,913 | ▲ 307% |
| Deferred charges and accrued income490/1 | - | - | - | €32 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €84,157 | €61,549 | €98,177 | €591,936 | ▲ 503% |
| Equity10/15 | -€11,574 | -€23,873 | -€7,422 | €22,543 | ▲ 404% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Reserves13 | - | - | - | €12,543 | - |
| Distributable reserves133 | - | - | - | €12,543 | - |
| Profit (loss) carried forward14 | -€21,574 | -€33,873 | -€17,422 | - | - |
| Amounts payable17/49 | €95,732 | €85,422 | €105,599 | €569,393 | ▲ 439% |
| Amounts payable after more than one year17 | - | - | - | €358,954 | - |
| Financial debts170/4 | - | - | - | €238,954 | - |
| Other amounts payable178/9 | - | - | - | €120,000 | - |
| Amounts payable within one year42/48 | €95,732 | €85,422 | €105,599 | €210,440 | ▲ 99.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €30,520 | - |
| Trade debts44 | €50,986 | €10,466 | €850 | €26,532 | ▲ 3,021% |
| Suppliers440/4 | €50,986 | €10,466 | €850 | €26,532 | ▲ 3,021% |
| Advances received on contracts in progress46 | €18,950 | - | €19,656 | - | - |
| Taxes, remuneration and social security45 | €5,796 | €1,986 | €18,655 | €16,080 | ▼ 13.8% |
| Taxes450/3 | €5,796 | €1,986 | €18,655 | €16,080 | ▼ 13.8% |
| Other amounts payable47/48 | €20,000 | €72,970 | €66,438 | €137,308 | ▲ 107% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,574 | -€12,299 | €16,451 | €29,965 | ▲ 82.1% |
| + Depreciation and write-downs630 | €1,452 | €5,470 | €11,430 | €12,432 | ▲ 8.8% |
| Operating cash flow (approximation) | -€20,122 | -€6,829 | €27,882 | €42,396 | ▲ 52.1% |
| Investment in fixed assets (approximation) | - | -€21,923 | -€26,029 | -€516,136 | ▼ 1,883% |
| Change in cash | - | -€6,430 | €6,998 | €34,637 | ▲ 395% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2021net €29,965 ▲82.1%
Operating result €40,482, net result €29,965, both a record.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €16,451
Net result €16,451 after 2 loss-making years.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Anthisnes · 1 establishment unit since 2021
Ground area
756 m²
Building footprint
209 m²
Volume, LiDAR
873 m³
Parcel 61029B0135/00H000, Wallonia · tallest building 5.6 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
CB EXPERIENCE
since 20212.317.148.074
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61029B0135/00H000 | Wallonia | 756 m² | 1 · 209 m² | 5.6 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.
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Of 3,783 companies in sector 50200 we hold annual accounts for 2,192. 848 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
Founded28-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
50200Water transport
E-invoicing
Reachable via Peppol
Peppol ID
0208:0767585744
Also
9925:BE0767585744
Registered
21-10-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.