CB PROJECTS
ActiveSummary
CB PROJECTS has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €215k and a net result of €30k. Equity is growing by ~18.7% per year across the filed fiscal years. Its solvency ranks better than 89% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+3
Solvency100=
Growth52=
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity ample (current ratio 7.51 against 5.39 in 2024; short-term debt: 12.6% and cash: 84.5% of total assets), and 13.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← 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
86.8%
Return on assets
12.1%
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 29-07-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
8 d early
2023
6 d early
2022
17 d early
2021
12 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€215k▲ 16.2%
2024 · €185k
2021: €50klowest in 5 years
2022: €132k▲ +166% vs 2021
2023: €163k▲ +23.4% vs 2022
2024: €185k▲ +13.3% vs 2023
2025: €215k▲ +16.2% vs 2024highest in 5 years
2021 → 2025
Total assets
€247k▲ 8.4%
2024 · €228k
2021: €87klowest in 5 years
2022: €188k▲ +116% vs 2021
2023: €202k▲ +7.2% vs 2022
2024: €228k▲ +13.2% vs 2023
2025: €247k▲ +8.4% vs 2024highest in 5 years
2021 → 2025
Net result
€30k▲ 38.4%
2024 · €22k
2021: €42k
2022: €82k▲ +94.9% vs 2021highest in 5 years
2023: €31k▼ -62.4% vs 2022
2024: €22k▼ -30.0% vs 2023lowest in 5 years
2025: €30k▲ +38.4% vs 2024
2021 → 2025
Working capital
€202k▲ 10.1%
2024 · €184k
2021: €47klowest in 5 years
2022: €134k▲ +186% vs 2021
2023: €169k▲ +26.2% vs 2022
2024: €184k▲ +9.0% vs 2023
2025: €202k▲ +10.1% vs 2024highest in 5 years
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€50k-€132k▲ 166%€163k▲ 23.4%€185k▲ 13.3%€215k▲ 16.2%
2021: €50klowest in 5 years
2022: €132k▲ +166% vs 2021
2023: €163k▲ +23.4% vs 2022
2024: €185k▲ +13.3% vs 2023
2025: €215k▲ +16.2% vs 2024highest in 5 years
Operating result€53k-€105k▲ 95.9%€40k▼ 61.9%€24k▼ 39.6%€42k▲ 74.0%
2021: €53k
2022: €105k▲ +95.9% vs 2021highest in 5 years
2023: €40k▼ -61.9% vs 2022
2024: €24k▼ -39.6% vs 2023lowest in 5 years
2025: €42k▲ +74.0% vs 2024
Net result€42k-€82k▲ 94.9%€31k▼ 62.4%€22k▼ 30.0%€30k▲ 38.4%
2021: €42k
2022: €82k▲ +94.9% vs 2021highest in 5 years
2023: €31k▼ -62.4% vs 2022
2024: €22k▼ -30.0% vs 2023lowest in 5 years
2025: €30k▲ +38.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 74% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €247k
Fixed assets
€14k ▲ 464%
Current assets
€233k ▲ 3.5%
Equity and liabilities €247k
Equity
€215k ▲ 16.2%
Debt
€33k ▼ 24.9%
Debt's share of the balance-sheet total falls from 19.0% to 13.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43k▲
2024 · €25k
Cash flow
€31k▲
2024 · €23k
Current ratio
7.51▲
2024 · 5.39
Debt to equity
0.15▼
2024 · 0.23
ROE
14.0%▲
2024 · 11.7%
ROA
12.1%▲
2024 · 9.5%
Interest coverage
248.02▲
2024 · 77.38
Debt ≤ 1 year
€31k▼
2024 · €42k
Income taxes
€12k▲
2024 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€228k€247k▲
Fixed assets21/28€2k€14k▲
Tangible fixed assets22/27€2k€14k▲
Land and buildings22-€12k
Furniture and vehicles24€2k€1k▼
Financial fixed assets28€300€300=
Current assets29/58€226k€233k▲
Amounts receivable within one year40/41€12k€23k▲
Trade receivables40€12k€23k▲
Other amounts receivable41€0-
Cash at bank and in hand54/58€212k€209k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€228k€247k▲
Equity10/15€185k€215k▲
Contributions10/11€8k€8k=
Profit (loss) carried forward14€177k€207k▲
Amounts payable17/49€43k€33k▼
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€42k€31k▼
Current portion of amounts payable after more than one year42€6k€0▼
Trade debts44€212€766▲
Suppliers440/4€212€766▲
Taxes, remuneration and social security45€30k€19k▼
Taxes450/3€30k€19k▼
Other amounts payable47/48€6k€11k▲
Accrued charges and deferred income492/3€2k€2k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€27k€46k▲
Operating profit (loss)9901€24k€42k▲
Financial income75/76B€5k€0▼
Recurring financial income75€5k€0▼
Financial charges65/66B€324€173▼
Recurring financial charges65€324€173▼
Profit (loss) for the period before taxes9903€28k€42k▲
Income taxes67/77€7k€12k▲
Profit (loss) for the period9904€22k€30k▲
Profit (loss) for the period to be appropriated9905€22k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€177k€207k▲
Profit (loss) brought forward from the previous period14P€156k€177k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12k | €12k | €12k | €1k | €1k | ▲ 3.6% |
| Other operating charges640/8 | €1k | €1k | €1k | €2k | €3k | ▲ 96.6% |
| Gross operating margin9900 | €67k | €118k | €53k | €27k | €46k | ▲ 72.7% |
| Operating profit (loss)9901 | €53k | €105k | €40k | €24k | €42k | ▲ 74.0% |
| Financial income75/76B | - | - | - | €5k | €0 | ▼ 100% |
| Recurring financial income75 | - | - | - | €5k | €0 | ▼ 100% |
| Financial charges65/66B | €356 | €518 | €398 | €324 | €173 | ▼ 46.6% |
| Recurring financial charges65 | €356 | €518 | €398 | €324 | €173 | ▼ 46.6% |
| Profit (loss) for the period before taxes9903 | €53k | €104k | €39k | €28k | €42k | ▲ 46.2% |
| Income taxes67/77 | €11k | €22k | €8k | €7k | €12k | ▲ 71.4% |
| Profit (loss) for the period9904 | €42k | €82k | €31k | €22k | €30k | ▲ 38.4% |
| Profit (loss) for the period to be appropriated9905 | €42k | €82k | €31k | €22k | €30k | ▲ 38.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €87k | €188k | €202k | €228k | €247k | ▲ 8.4% |
| Fixed assets21/28 | €23k | €13k | €2k | €2k | €14k | ▲ 464% |
| Tangible fixed assets22/27 | €23k | €12k | €2k | €2k | €14k | ▲ 528% |
| Land and buildings22 | - | - | - | - | €12k | - |
| Furniture and vehicles24 | €23k | €12k | €2k | €2k | €1k | ▼ 47.6% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €64k | €175k | €199k | €226k | €233k | ▲ 3.5% |
| Amounts receivable within one year40/41 | €12k | €114k | €39k | €12k | €23k | ▲ 90.0% |
| Trade receivables40 | €12k | €114k | €38k | €12k | €23k | ▲ 90.0% |
| Other amounts receivable41 | - | - | €495 | €0 | - | - |
| Cash at bank and in hand54/58 | €50k | €60k | €118k | €212k | €209k | ▼ 1.5% |
| Deferred charges and accrued income490/1 | €2k | €2k | €43k | €2k | €2k | ▲ 4.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €87k | €188k | €202k | €228k | €247k | ▲ 8.4% |
| Equity10/15 | €50k | €132k | €163k | €185k | €215k | ▲ 16.2% |
| Contributions10/11 | €8k | €8k | €8k | €8k | €8k | = |
| Profit (loss) carried forward14 | €42k | €125k | €156k | €177k | €207k | ▲ 16.9% |
| Amounts payable17/49 | €37k | €56k | €39k | €43k | €33k | ▼ 24.9% |
| Amounts payable after more than one year17 | €19k | €13k | €6k | €0 | - | - |
| Financial debts170/4 | €19k | €13k | €6k | €0 | - | - |
| Amounts payable within one year42/48 | €17k | €42k | €31k | €42k | €31k | ▼ 25.8% |
| Current portion of amounts payable after more than one year42 | €6k | €6k | €6k | €6k | €0 | ▼ 100% |
| Trade debts44 | €906 | €916 | €3k | €212 | €766 | ▲ 262% |
| Suppliers440/4 | €906 | €916 | €3k | €212 | €766 | ▲ 262% |
| Taxes, remuneration and social security45 | €5k | €33k | €15k | €30k | €19k | ▼ 35.6% |
| Taxes450/3 | €5k | €33k | €15k | €30k | €19k | ▼ 35.6% |
| Other amounts payable47/48 | €4k | €1k | €6k | €6k | €11k | ▲ 102% |
| Accrued charges and deferred income492/3 | €2k | €2k | €2k | €2k | €2k | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €42k | €82k | €31k | €22k | €30k | ▲ 38.4% |
| + Depreciation and write-downs630 | €12k | €12k | €12k | €1k | €1k | ▲ 3.6% |
| Operating cash flow (approximation) | €54k | €94k | €43k | €23k | €31k | ▲ 36.7% |
| Investment in fixed assets (approximation) | - | €-1k | €-1k | €-1k | €-13k | ▼ 883% |
| Change in cash | - | €10k | €58k | €94k | €-3k | ▼ 103% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €215k ▲16.2%
5 profitable years in a row build equity to €215k.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €22k ▼30%
Net result drops to €22k, the lowest in the series; recovery starts the following year.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €163k ▲23.4%
3 profitable years in a row build equity to €163k.
14-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €82k ▲94.9%
Operating result €105k, net result €82k, both a record.
31-12
Financial
Equity above €100kEq €132k ▲166%
2 profitable years in a row build equity to €132k.
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
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, Antwerpen · 1 establishment unit since 2020
Ground area
1,698 m²
Building footprint
259 m²
Volume, LiDAR
2,281 m³
Parcel 11463D0369/00F006, Flanders · tallest building 9.9 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CB PROJECTS
since 20202.310.650.163
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0369/00F006 | Flanders | 1,698 m² | 1 · 259 m² | 9.8 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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Of 11,748 companies in sector 68310 we hold annual accounts for 6,905. 5,144 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
Founded09-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68310Real estate agency activities
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
71112Activities of interior architects
Scores and ratios are computed by Checked and are not a credit decision.