CB-I
ActiveSummary
CB-I has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €109,472 and a net result of €39,472. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 47% of 3330 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability87▼-1
Solvency66=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.37 in 2024; short-term debt: 58.8% and cash: 11.1% of total assets), and 58.8% 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○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
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
41.2%
Return on assets
14.9%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-03-2026, 130 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
130 d early
2024
on the day
2023
51 d early
2022
145 d early
2021
39 d early
2020
152 d early
2019
46 d early
← 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 80 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 11 June (4 of the last 5 filed years within 80 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€109,472▲ 0.4%
2024 · €109,000
Total assets
€265,616▲ 0.9%
2024 · €263,265
Net result
€39,472▼ 0.1%
2024 · €39,530
Working capital
€76,309▲ 32.2%
2024 · €57,742
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, 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€47,128▼ 20.1%€48,020▲ 1.9%€50,320▲ 4.8%€52,575▲ 4.5%€51,697▼ 1.7%
Net result€33,419within the sector's middle half▼ 28.0%€35,515within the sector's middle half▲ 6.3%€36,481within the sector's middle half▲ 2.7%€39,530within the sector's middle half▲ 8.4%€39,472within the sector's middle half▼ 0.1%
Equity€105,474below the sector's middle half▲ 0.4%€104,989below the sector's middle half▼ 0.5%€105,469below the sector's middle half▲ 0.5%€109,000below the sector's middle half▲ 3.3%€109,472within the sector's middle half▲ 0.4%
Total assets€215,799below the sector's middle half▼ 24.2%€235,789below the sector's middle half▲ 9.3%€246,554below the sector's middle half▲ 4.6%€263,265below the sector's middle half▲ 6.8%€265,616below the sector's middle half▲ 0.9%
Debt€110,325▼ 38.6%€130,800▲ 18.6%€141,084▲ 7.9%€154,265▲ 9.3%€156,144▲ 1.2%
Working capital-€1,654below the sector's middle half▲ 93.9%€21,274within the sector's middle half€33,923within the sector's middle half▲ 59.5%€57,742within the sector's middle half▲ 70.2%€76,309within the sector's middle half▲ 32.2%
Solvency48.9%within the sector's middle half▲ 12.0pp44.5%within the sector's middle half▼ 4.3pp42.8%within the sector's middle half▼ 1.7pp41.4%within the sector's middle half▼ 1.4pp41.2%within the sector's middle half▼ 0.2pp
Current ratio0.98below the sector's middle half▲ 0.141.16within the sector's middle half▲ 0.181.24within the sector's middle half▲ 0.081.37within the sector's middle half▲ 0.131.49within the sector's middle half▲ 0.11
Return on assets (ROA)15.5%within the sector's middle half▼ 0.8pp15.1%within the sector's middle half▼ 0.4pp14.8%within the sector's middle half▼ 0.3pp15.0%within the sector's middle half▲ 0.2pp14.9%within the sector's middle half▼ 0.2pp
Staff (FTE)2below the sector's middle half▼ 33.3%2within the sector's middle half=3within the sector's middle half▲ 50.0%2within the sector's middle half▼ 33.3%1.4within the sector's middle half▼ 30.0%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €265,616
Fixed assets
€33,162 ▼ 35.3%
Current assets
€232,454 ▲ 9.6%
Equity and liabilities €265,616
Equity
€109,472 ▲ 0.4%
Debt
€156,144 ▲ 1.2%
Debt's share of the balance-sheet total rises from 58.6% to 58.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€69,792▼
2024 · €72,864
Cash flow
€57,567▼
2024 · €59,820
Quick ratio
1.30▲
2024 · 1.24
Debt to equity
1.43▲
2024 · 1.42
ROE
36.1%▼
2024 · 36.3%
Interest coverage
61.10▲
2024 · 50.33
Debt ≤ 1 year
€156,144▲
2024 · €154,265
Income taxes
€12,450▲
2024 · €12,245
Staff costs
€99,163▼
2024 · €112,491
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 34,679 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €99,224 | €89,386 | €137,792 | €112,491 | €99,163 | ▼ 11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €31,662 | €31,280 | €22,317 | €20,289 | €18,095 | ▼ 10.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€13,342 | -€3,380 | - | - | - | - |
| Other operating charges640/8 | €13,492 | €3,899 | €559 | €2,131 | €528 | ▼ 75.2% |
| Gross operating margin9900 | €178,164 | €169,205 | €210,989 | €187,486 | €169,483 | ▼ 9.6% |
| Operating profit (loss)9901 | €47,128 | €48,020 | €50,320 | €52,575 | €51,697 | ▼ 1.7% |
| Financial income75/76B | - | €28 | €0 | €649 | €1,366 | ▲ 111% |
| Recurring financial income75 | - | €28 | €0 | €649 | €1,366 | ▲ 111% |
| Financial charges65/66B | €2,619 | €979 | €1,496 | €1,448 | €1,142 | ▼ 21.1% |
| Recurring financial charges65 | €2,619 | €979 | €1,496 | €1,448 | €1,142 | ▼ 21.1% |
| Profit (loss) for the period before taxes9903 | €44,509 | €47,070 | €48,824 | €51,776 | €51,921 | ▲ 0.3% |
| Income taxes67/77 | €11,091 | €11,555 | €12,343 | €12,245 | €12,450 | ▲ 1.7% |
| Profit (loss) for the period9904 | €33,419 | €35,515 | €36,481 | €39,530 | €39,472 | ▼ 0.1% |
| Profit (loss) for the period to be appropriated9905 | €33,419 | €35,515 | €36,481 | €39,530 | €39,472 | ▼ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €215,799 | €235,789 | €246,554 | €263,265 | €265,616 | ▲ 0.9% |
| Fixed assets21/28 | €109,464 | €83,715 | €71,547 | €51,258 | €33,162 | ▼ 35.3% |
| Intangible fixed assets21 | €55,883 | €35,566 | €22,945 | €10,445 | - | - |
| Tangible fixed assets22/27 | €53,581 | €48,149 | €48,601 | €40,812 | €33,162 | ▼ 18.7% |
| Plant, machinery and equipment23 | €47,201 | €41,595 | €42,741 | €36,790 | €30,839 | ▼ 16.2% |
| Furniture and vehicles24 | €6,380 | €6,553 | €5,860 | €4,022 | €2,323 | ▼ 42.2% |
| Current assets29/58 | €106,335 | €152,074 | €175,007 | €212,007 | €232,454 | ▲ 9.6% |
| Stocks and contracts in progress3 | €16,185 | €23,463 | €32,433 | €20,591 | €29,850 | ▲ 45.0% |
| Contracts in progress37 | €16,185 | €23,463 | €32,433 | €20,591 | €29,850 | ▲ 45.0% |
| Amounts receivable within one year40/41 | €64,537 | €74,623 | €114,691 | €163,401 | €166,561 | ▲ 1.9% |
| Trade receivables40 | €63,628 | €74,177 | €114,691 | €163,401 | €166,561 | ▲ 1.9% |
| Other amounts receivable41 | €909 | €445 | - | - | - | - |
| Cash at bank and in hand54/58 | €19,465 | €49,215 | €18,824 | €21,729 | €29,592 | ▲ 36.2% |
| Deferred charges and accrued income490/1 | €6,148 | €4,774 | €9,059 | €6,286 | €6,450 | ▲ 2.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €215,799 | €235,789 | €246,554 | €263,265 | €265,616 | ▲ 0.9% |
| Equity10/15 | €105,474 | €104,989 | €105,469 | €109,000 | €109,472 | ▲ 0.4% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €65,474 | €64,989 | €65,469 | €69,000 | €69,472 | ▲ 0.7% |
| Non-distributable reserves130/1 | €4,000 | €4,000 | - | - | - | - |
| Reserves not available under the articles1311 | €4,000 | €4,000 | - | - | - | - |
| Tax-exempt reserves132 | €18,750 | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | €42,724 | €42,239 | €46,719 | €50,250 | €50,722 | ▲ 0.9% |
| Amounts payable17/49 | €110,325 | €130,800 | €141,084 | €154,265 | €156,144 | ▲ 1.2% |
| Amounts payable after more than one year17 | €831 | - | - | - | - | - |
| Financial debts170/4 | €831 | - | - | - | - | - |
| Amounts payable within one year42/48 | €107,989 | €130,800 | €141,084 | €154,265 | €156,144 | ▲ 1.2% |
| Current portion of amounts payable after more than one year42 | €6,724 | €820 | - | - | - | - |
| Trade debts44 | €42,975 | €79,783 | €81,679 | €103,262 | €105,826 | ▲ 2.5% |
| Suppliers440/4 | €42,975 | €79,783 | €81,679 | €103,262 | €105,826 | ▲ 2.5% |
| Advances received on contracts in progress46 | - | - | - | - | €748 | - |
| Taxes, remuneration and social security45 | €23,730 | €14,197 | €23,405 | €15,003 | €10,570 | ▼ 29.5% |
| Taxes450/3 | €13,726 | €3,384 | €12,503 | €3,060 | €3,932 | ▲ 28.5% |
| Remuneration and social security454/9 | €10,003 | €10,813 | €10,902 | €11,943 | €6,639 | ▼ 44.4% |
| Other amounts payable47/48 | €34,560 | €36,000 | €36,000 | €36,000 | €39,000 | ▲ 8.3% |
| Accrued charges and deferred income492/3 | €1,506 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €33,419 | €35,515 | €36,481 | €39,530 | €39,472 | ▼ 0.1% |
| + Depreciation and write-downs630 | €31,662 | €31,280 | €22,317 | €20,289 | €18,095 | ▼ 10.8% |
| Operating cash flow (approximation) | €65,080 | €66,795 | €58,797 | €59,820 | €57,567 | ▼ 3.8% |
| Investment in fixed assets (approximation) | - | -€5,530 | -€10,149 | €0 | €0 | - |
| Change in cash | - | €29,751 | -€30,391 | €2,905 | €7,863 | ▲ 171% |
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
28-09
State Gazette act
Incorporation · Founder
Registered office clause · Duration
18-09
State Gazette act
Incorporation · Name clause
Registered office clause · Corporate purpose
09-07
State Gazette act
Incorporation · Founder
Founding capital · Name clause
24-06
State Gazette act
Board meeting · Registered-office move
23-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
08-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €33,419 ▼28%
Net result drops to €33,419, the lowest in the series; recovery starts the following year.
01-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Brugge · 1 establishment unit since 2016
Ground area
2,494 m²
Building footprint
214 m²
Volume, LiDAR
26 m³
Parcel 31434C0515/00E008, Flanders · tallest building 7.1 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CB-I
since 20162.260.808.395
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31434C0515/00E008 | Flanders | 2,494 m² | 1 · 214 m² | 7.1 m |
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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 5,981 EUR awarded · 5,981 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 435 EUR | 435 EUR |
| 2024 | 2 | 4,140 EUR | 4,140 EUR |
| 2023 | 1 | 863 EUR | 1,238 EUR |
| 2022 | 1 | 543 EUR | 168 EUR |
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,641. 6,497 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
Founded13-08-2009
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Contact
E-mail
brugge@cb-i.beBrugge
Phone
050390802Brugge
E-invoicing
Reachable via Peppol
Peppol ID
0208:0817802248
Also
9925:BE0817802248
Registered
02-09-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.