CB-Tech
ActiveSummary
CB-Tech has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €105,842 and a net result of €102,842. Equity is shrinking by ~22.8% per year across the filed fiscal years. Its solvency ranks better than 28% of 1003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+7
Solvency52▼-9
Growth32▼-20
Track record94
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.45 in 2024; short-term debt: 61.6% and cash: 21% of total assets), and 73.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
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
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 →
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
26.6%
Return on assets
25.8%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 4 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
25 d late
2024
43 d early
2023
37 d early
2022
46 d early
2021
45 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 29 days before 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
€105,842▼ 56.4%
2024 · €242,806
Total assets
€398,147▼ 40.5%
2024 · €669,023
Net result
€102,842▼ 22.2%
2024 · €132,163
Working capital
€56,819▼ 67.6%
2024 · €175,615
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€215,576-€343,670▲ 59.4%€304,549▼ 11.4%€181,058▼ 40.5%€140,113▼ 22.6%
Net result€169,000-€260,419▲ 54.1%€231,489▼ 11.1%€132,163▼ 42.9%€102,842▼ 22.2%
Equity€172,000-€430,820▲ 150%€660,643▲ 53.3%€242,806▼ 63.2%€105,842▼ 56.4%
Total assets€265,581-€618,427▲ 133%€832,245▲ 34.6%€669,023▼ 19.6%€398,147▼ 40.5%
Debt€93,580-€187,608▲ 100%€171,602▼ 8.5%€426,217▲ 148%€292,305▼ 31.4%
Working capital€127,953-€373,534▲ 192%€547,581▲ 46.6%€175,615▼ 67.9%€56,819▼ 67.6%
Staff (FTE)1.3-3.1▲ 138%3.4▲ 9.7%3.2▼ 5.9%2.4▼ 25.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2025 Equity -56% on 2024. Cause not known from the registers.
- 2024 Equity -63% on 2023. Cause not known from the registers.
- 2023 Equity +53% on 2022. Cause not known from the registers.
- 2022 Equity +150%, Total assets +133% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 23% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €398,147
Fixed assets
€96,117 ▼ 5.2%
Current assets
€302,030 ▼ 46.8%
Equity and liabilities €398,147
Equity
€105,842 ▼ 56.4%
Debt
€292,305 ▼ 31.4%
Debt's share of the balance-sheet total rises from 63.7% to 73.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
€176,945▼
2024 · €222,873
Cash flow
€139,674▼
2024 · €173,978
Current ratio
1.23▼
2024 · 1.45
Debt to equity
2.76▲
2024 · 1.76
ROE
97.2%▲
2024 · 54.4%
ROA
25.8%▲
2024 · 19.8%
Interest coverage
19.94▼
2024 · 23.29
Debt ≤ 1 year
€245,211▼
2024 · €392,000
Debt > 1 year
€40,021▲
2024 · €34,217
Income taxes
€30,182▼
2024 · €40,712
Staff costs
€80,960▲
2024 · €51,291
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,703 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.7%
went bankrupt
2.2%
stopped otherwise
96%
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 1.3% 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 497,058 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 6,703 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10,977 | €0 | - | - |
| Remuneration, social security and pensions62 | €49,177 | €118,799 | €136,545 | €51,291 | €80,960 | ▲ 57.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,752 | €28,898 | €34,958 | €41,814 | €36,831 | ▼ 11.9% |
| Other operating charges640/8 | €581 | €1,310 | €955 | €2,746 | €1,574 | ▼ 42.7% |
| Gross operating margin9900 | €276,087 | €492,676 | €477,007 | €276,910 | €259,479 | ▼ 6.3% |
| Operating profit (loss)9901 | €215,576 | €343,670 | €304,549 | €181,058 | €140,113 | ▼ 22.6% |
| Financial income75/76B | - | €92 | €6,449 | €1,385 | €2,348 | ▲ 69.5% |
| Recurring financial income75 | - | €92 | €5,765 | €1,385 | €2,348 | ▲ 69.5% |
| Non-recurring financial income76B | - | - | €685 | €0 | - | - |
| Financial charges65/66B | €854 | €5,614 | €6,439 | €9,568 | €9,436 | ▼ 1.4% |
| Recurring financial charges65 | €854 | €5,060 | €5,943 | €9,568 | €8,873 | ▼ 7.3% |
| Non-recurring financial charges66B | - | €554 | €496 | €0 | €563 | - |
| Profit (loss) for the period before taxes9903 | €214,723 | €338,147 | €304,559 | €172,876 | €133,024 | ▼ 23.1% |
| Income taxes67/77 | €45,722 | €77,728 | €73,070 | €40,712 | €30,182 | ▼ 25.9% |
| Profit (loss) for the period9904 | €169,000 | €260,419 | €231,489 | €132,163 | €102,842 | ▼ 22.2% |
| Profit (loss) for the period to be appropriated9905 | €169,000 | €260,419 | €231,489 | €132,163 | €102,842 | ▼ 22.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €265,581 | €618,427 | €832,245 | €669,023 | €398,147 | ▼ 40.5% |
| Fixed assets21/28 | €71,587 | €114,530 | €162,973 | €101,408 | €96,117 | ▼ 5.2% |
| Tangible fixed assets22/27 | €71,587 | €114,530 | €162,973 | €101,368 | €96,117 | ▼ 5.2% |
| Plant, machinery and equipment23 | €16,273 | €37,275 | €30,765 | €20,465 | €12,918 | ▼ 36.9% |
| Furniture and vehicles24 | €20,248 | €21,030 | €62,133 | €44,888 | €33,443 | ▼ 25.5% |
| Leasing and similar rights25 | €29,958 | €52,182 | €67,097 | €34,103 | €48,910 | ▲ 43.4% |
| Other tangible fixed assets26 | €5,108 | €4,043 | €2,978 | €1,912 | €847 | ▼ 55.7% |
| Financial fixed assets28 | - | - | - | €40 | - | - |
| Current assets29/58 | €193,994 | €503,897 | €669,272 | €567,615 | €302,030 | ▼ 46.8% |
| Amounts receivable within one year40/41 | €143,848 | €180,193 | €244,494 | €136,019 | €192,890 | ▲ 41.8% |
| Trade receivables40 | €136,529 | €154,955 | €16,102 | €122,111 | €157,335 | ▲ 28.8% |
| Other amounts receivable41 | €7,318 | €25,239 | €228,392 | €13,908 | €35,555 | ▲ 156% |
| Cash at bank and in hand54/58 | €49,872 | €323,001 | €422,116 | €400,088 | €83,575 | ▼ 79.1% |
| Deferred charges and accrued income490/1 | €273 | €703 | €2,662 | €31,507 | €25,565 | ▼ 18.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €265,581 | €618,427 | €832,245 | €669,023 | €398,147 | ▼ 40.5% |
| Equity10/15 | €172,000 | €430,820 | €660,643 | €242,806 | €105,842 | ▼ 56.4% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | €169,000 | €427,820 | €657,643 | €239,806 | €102,842 | ▼ 57.1% |
| Distributable reserves133 | €169,000 | €427,820 | €657,643 | €239,806 | €102,842 | ▼ 57.1% |
| Profit (loss) carried forward14 | - | - | - | €0 | - | - |
| Amounts payable17/49 | €93,580 | €187,608 | €171,602 | €426,217 | €292,305 | ▼ 31.4% |
| Amounts payable after more than one year17 | €27,540 | €56,727 | €49,568 | €34,217 | €40,021 | ▲ 17.0% |
| Financial debts170/4 | €27,540 | €56,727 | €49,568 | €34,217 | €40,021 | ▲ 17.0% |
| Amounts payable within one year42/48 | €66,041 | €130,363 | €121,691 | €392,000 | €245,211 | ▼ 37.4% |
| Current portion of amounts payable after more than one year42 | €11,449 | €18,217 | €19,287 | €15,351 | €20,245 | ▲ 31.9% |
| Trade debts44 | €4,408 | €8,631 | €11,602 | €17,757 | €21,060 | ▲ 18.6% |
| Suppliers440/4 | €4,408 | €8,631 | €11,602 | €17,757 | €21,060 | ▲ 18.6% |
| Taxes, remuneration and social security45 | €50,101 | €95,977 | €89,135 | €37,111 | €9,908 | ▼ 73.3% |
| Taxes450/3 | €45,839 | €88,525 | €80,859 | €28,699 | €286 | ▼ 99.0% |
| Remuneration and social security454/9 | €4,262 | €7,452 | €8,276 | €8,412 | €9,622 | ▲ 14.4% |
| Other amounts payable47/48 | €83 | €7,538 | €1,666 | €321,780 | €193,999 | ▼ 39.7% |
| Accrued charges and deferred income492/3 | - | €518 | €343 | €0 | €7,072 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €169,000 | €260,419 | €231,489 | €132,163 | €102,842 | ▼ 22.2% |
| + Depreciation and write-downs630 | €10,752 | €28,898 | €34,958 | €41,814 | €36,831 | ▼ 11.9% |
| Operating cash flow (approximation) | €179,753 | €289,317 | €266,447 | €173,978 | €139,674 | ▼ 19.7% |
| Investment in fixed assets (approximation) | - | -€71,841 | -€83,401 | €19,750 | -€31,540 | ▼ 260% |
| Change in cash | - | €273,129 | €99,115 | -€22,028 | -€316,513 | ▼ 1,337% |
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
25-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 25 days late
2025
31-12
Financial
Weakest financial yearnet €102,842 ▼22.2%
Net result drops to €102,842, the lowest in the series.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500,000Eq €660,643 ▲53.3%
3 profitable years in a row build equity to €660,643.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €260,419 ▲54.1%
Operating result €343,670, net result €260,419, both a record.
31-12
Financial
Equity above €200,000Eq €430,820 ▲150%
2 profitable years in a row build equity to €430,820.
16-06
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Houthalen-Helchteren · 1 establishment unit since 2021
Ground area
773 m²
Building footprint
145 m²
Volume, LiDAR
912 m³
Parcel 72015A1068/00B005, Flanders · tallest building 9.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CB-Tech
since 20212.311.171.092
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72015A1068/00B005 | Flanders | 773 m² | 1 · 145 m² | 9.4 m · 2 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.
Recognitions · licences · registrations
Recognised contractor
7 categoriesCB-Tech BV41074
Similar companies · same sector, comparable size
VCS Belgium
BE 0698.597.562
Genk · Eq €105,995
ELEL
BE 0642.978.455
Zele · Eq €106,458
ERDAY
BE 0687.534.317
Hamme (Vl.) · Eq €115,286
EUROPOWER PIPING
BE 0475.679.189
Pelt · Eq €96,573
TG-TEC
BE 0793.512.161
Hamme (Vl.) · Eq €95,416
Of 295 companies in sector 42211 we hold annual accounts for 132. 94 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
Founded18-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
42211Civil engineering
42220Construction of utility projects for electricity and telecommunications
E-invoicing
Reachable via Peppol
Peppol ID
0208:0759968571
Also
9925:BE0759968571
Registered
28-08-2023
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.