CB2BS
ActiveSummary
CB2BS has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €37k and a net result of €5k. Equity is growing by ~47.9% per year across the filed fiscal years. Its solvency ranks better than 16% of 2198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-16
Solvency31▲+1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days only on tighter terms
Liquidity tight (current ratio 1.04 against 1.35 in 2024; short-term debt: 92% and cash: 0.5% of total assets), and 94% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more 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
6%
Return on assets
0.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 2198 sector peers (2025).
NBB · sector comparisonPosition among 2198 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
56 d early
2023
31 d late
2022
29 d late
2021
31 d late
2020
10 d late
2019
68 d late
← 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, abbreviated schema
Equity
€37k▲ 17.3%
2024 · €32k
2018: €-14klowest in 8 years
2019: €-6k▲ +61.9% vs 2018
2020: €2k▲ +143% vs 2019
2021: €9k▲ +286% vs 2020
2022: €16k▲ +75.7% vs 2021
2023: €24k▲ +46.3% vs 2022
2024: €32k▲ +34.0% vs 2023
2025: €37k▲ +17.3% vs 2024highest in 8 years
2018 → 2025
Total assets
€622k▲ 3.4%
2024 · €601k
2018: €448k
2019: €539k▲ +20.2% vs 2018
2020: €428k▼ -20.7% vs 2019lowest in 8 years
2021: €576k▲ +34.6% vs 2020
2022: €589k▲ +2.3% vs 2021
2023: €609k▲ +3.4% vs 2022
2024: €601k▼ -1.3% vs 2023
2025: €622k▲ +3.4% vs 2024highest in 8 years
2018 → 2025
Net result
€5k▼ 31.7%
2024 · €8k
2018: €11khighest in 8 years
2019: €9k▼ -15.4% vs 2018
2020: €8k▼ -11.8% vs 2019
2021: €7k▼ -13.7% vs 2020
2022: €7k▲ +2.1% vs 2021
2023: €7k▲ +7.5% vs 2022
2024: €8k▲ +7.3% vs 2023
2025: €5k▼ -31.7% vs 2024lowest in 8 years
2018 → 2025
Working capital
€25k▼ 83.3%
2024 · €153k
2018: €-7klowest in 8 years
2019: €4k▲ +153% vs 2018
2020: €15k▲ +276% vs 2019
2021: €26k▲ +73.1% vs 2020
2022: €35k▲ +36.8% vs 2021
2023: €54k▲ +51.9% vs 2022
2024: €153k▲ +184% vs 2023highest in 8 years
2025: €25k▼ -83.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€16k▲ 75.7%€24k▲ 46.3%€32k▲ 34.0%€37k▲ 17.3%
2021: €9klowest in 5 years
2022: €16k▲ +75.7% vs 2021
2023: €24k▲ +46.3% vs 2022
2024: €32k▲ +34.0% vs 2023
2025: €37k▲ +17.3% vs 2024highest in 5 years
Operating result€19k-€18k▼ 3.4%€18k▲ 0.8%€23k▲ 25.6%€22k▼ 1.9%
2021: €19k
2022: €18k▼ -3.4% vs 2021lowest in 5 years
2023: €18k▲ +0.8% vs 2022
2024: €23k▲ +25.6% vs 2023highest in 5 years
2025: €22k▼ -1.9% vs 2024
Net result€7k-€7k▲ 2.1%€7k▲ 7.5%€8k▲ 7.3%€5k▼ 31.7%
2021: €7k
2022: €7k▲ +2.1% vs 2021
2023: €7k▲ +7.5% vs 2022
2024: €8k▲ +7.3% vs 2023highest in 5 years
2025: €5k▼ -31.7% vs 2024lowest in 5 years
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 €622k
Fixed assets
€24k ▲ 166%
Current assets
€598k ▲ 0.9%
Equity and liabilities €622k
Equity
€37k ▲ 17.3%
Debt
€584k ▲ 2.6%
Debt's share of the balance-sheet total falls from 94.7% to 94.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€28k▲
2024 · €26k
Cash flow
€11k▼
2024 · €12k
Current ratio
1.04▼
2024 · 1.35
Quick ratio
0.75▲
2024 · 0.73
Debt to equity
15.74▼
2024 · 18.00
ROE
14.8%▼
2024 · 25.4%
ROA
0.9%▼
2024 · 1.3%
Interest coverage
2.09▼
2024 · 3.86
Debt ≤ 1 year
€572k▲
2024 · €440k
Debt > 1 year
€10k▼
2024 · €130k
Income taxes
€4k▼
2024 · €8k
Staff costs
€107k▲
2024 · €91k
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 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€601k€622k▲
Fixed assets21/28€9k€24k▲
Tangible fixed assets22/27€8k€11k▲
Plant, machinery and equipment23€4k€4k▲
Furniture and vehicles24€4k€6k▲
Financial fixed assets28€2k€13k▲
Current assets29/58€592k€598k▲
Stocks and contracts in progress3€270k€170k▼
Contracts in progress37€270k€170k▼
Amounts receivable within one year40/41€310k€418k▲
Trade receivables40€305k€416k▲
Other amounts receivable41€4k€2k▼
Cash at bank and in hand54/58€8k€3k▼
Deferred charges and accrued income490/1€5k€6k▲
Equity and liabilities
Total equity and liabilities10/49€601k€622k▲
Equity10/15€32k€37k▲
Contributions10/11€31k€31k=
Profit (loss) carried forward14€550€6k▲
Amounts payable17/49€570k€584k▲
Amounts payable after more than one year17€130k€10k▼
Financial debts170/4€130k€10k▼
Amounts payable within one year42/48€440k€572k▲
Financial debts43-€75k
Credit institutions430/8-€75k
Trade debts44€169k€282k▲
Suppliers440/4€169k€282k▲
Advances received on contracts in progress46€237k€169k▼
Taxes, remuneration and social security45€20k€35k▲
Taxes450/3€9k€21k▲
Remuneration and social security454/9€11k€14k▲
Other amounts payable47/48€14k€11k▼
Accrued charges and deferred income492/3€0€2k▲
Income statement
Code20242025
Remuneration, social security and pensions62€91k€107k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€5k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€120k€137k▲
Operating profit (loss)9901€23k€22k▼
Financial income75/76B€0€6▲
Recurring financial income75€0€6▲
Financial charges65/66B€7k€13k▲
Recurring financial charges65€7k€13k▲
Profit (loss) for the period before taxes9903€16k€9k▼
Income taxes67/77€8k€4k▼
Profit (loss) for the period9904€8k€5k▼
Profit (loss) for the period to be appropriated9905€8k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€550€6k▲
Profit (loss) brought forward from the previous period14P€-7k€550▲
Social balance
Average headcount (FTE)90871.81.8=
The notes to these accounts (16 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €68k | €102k | €69k | €91k | €107k | ▲ 17.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €4k | €4k | €5k | ▲ 44.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €1k | €5k | €1k | €3k | €2k | ▼ 12.3% |
| Non-recurring operating charges66A | €5 | €5k | €0 | - | - | - |
| Gross operating margin9900 | €92k | €133k | €93k | €120k | €137k | ▲ 14.3% |
| Operating profit (loss)9901 | €19k | €18k | €18k | €23k | €22k | ▼ 1.9% |
| Financial income75/76B | €848 | €2k | €10k | €0 | €6 | ▲ 20,867% |
| Recurring financial income75 | €848 | €2k | €10k | €0 | €6 | ▲ 20,867% |
| Financial charges65/66B | €4k | €4k | €13k | €7k | €13k | ▲ 93.0% |
| Recurring financial charges65 | €4k | €4k | €13k | €7k | €13k | ▲ 93.0% |
| Profit (loss) for the period before taxes9903 | €15k | €15k | €15k | €16k | €9k | ▼ 42.8% |
| Income taxes67/77 | €9k | €8k | €8k | €8k | €4k | ▼ 54.3% |
| Profit (loss) for the period9904 | €7k | €7k | €7k | €8k | €5k | ▼ 31.7% |
| Profit (loss) for the period to be appropriated9905 | €7k | €7k | €7k | €8k | €5k | ▼ 31.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €576k | €589k | €609k | €601k | €622k | ▲ 3.4% |
| Fixed assets21/28 | €16k | €13k | €9k | €9k | €24k | ▲ 166% |
| Tangible fixed assets22/27 | €12k | €12k | €8k | €8k | €11k | ▲ 42.2% |
| Plant, machinery and equipment23 | €5k | €6k | €4k | €4k | €4k | ▲ 21.5% |
| Furniture and vehicles24 | €7k | €6k | €4k | €4k | €6k | ▲ 61.1% |
| Financial fixed assets28 | €4k | €2k | €2k | €2k | €13k | ▲ 787% |
| Current assets29/58 | €560k | €576k | €600k | €592k | €598k | ▲ 0.9% |
| Stocks and contracts in progress3 | €263k | €330k | €286k | €270k | €170k | ▼ 36.9% |
| Contracts in progress37 | €263k | €330k | €286k | €270k | €170k | ▼ 36.9% |
| Amounts receivable within one year40/41 | €282k | €214k | €249k | €310k | €418k | ▲ 34.9% |
| Trade receivables40 | €261k | €190k | €221k | €305k | €416k | ▲ 36.2% |
| Other amounts receivable41 | €21k | €25k | €29k | €4k | €2k | ▼ 55.5% |
| Cash at bank and in hand54/58 | €13k | €26k | €58k | €8k | €3k | ▼ 55.9% |
| Deferred charges and accrued income490/1 | €2k | €5k | €6k | €5k | €6k | ▲ 19.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €576k | €589k | €609k | €601k | €622k | ▲ 3.4% |
| Equity10/15 | €9k | €16k | €24k | €32k | €37k | ▲ 17.3% |
| Contributions10/11 | €31k | €31k | €31k | €31k | €31k | = |
| Profit (loss) carried forward14 | €-22k | €-15k | €-7k | €550 | €6k | ▲ 997% |
| Amounts payable17/49 | €566k | €573k | €585k | €570k | €584k | ▲ 2.6% |
| Amounts payable after more than one year17 | €33k | €33k | €33k | €130k | €10k | ▼ 92.3% |
| Financial debts170/4 | €33k | €33k | €33k | €130k | €10k | ▼ 92.3% |
| Amounts payable within one year42/48 | €534k | €540k | €546k | €440k | €572k | ▲ 30.1% |
| Financial debts43 | - | - | - | - | €75k | - |
| Credit institutions430/8 | - | - | - | - | €75k | - |
| Trade debts44 | €395k | €357k | €504k | €169k | €282k | ▲ 66.9% |
| Suppliers440/4 | €395k | €357k | €504k | €169k | €282k | ▲ 66.9% |
| Advances received on contracts in progress46 | €86k | €123k | €14k | €237k | €169k | ▼ 28.5% |
| Taxes, remuneration and social security45 | €54k | €60k | €28k | €20k | €35k | ▲ 72.2% |
| Taxes450/3 | €46k | €47k | €17k | €9k | €21k | ▲ 130% |
| Remuneration and social security454/9 | €7k | €12k | €11k | €11k | €14k | ▲ 25.0% |
| Other amounts payable47/48 | €0 | - | - | €14k | €11k | ▼ 22.3% |
| Accrued charges and deferred income492/3 | - | - | €7k | €0 | €2k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €7k | €7k | €8k | €5k | ▼ 31.7% |
| + Depreciation and write-downs630 | €4k | €4k | €4k | €4k | €5k | ▲ 44.0% |
| Operating cash flow (approximation) | €10k | €11k | €12k | €12k | €11k | ▼ 7.8% |
| Investment in fixed assets (approximation) | - | €-1k | €0 | €-4k | €-20k | ▼ 460% |
| Change in cash | - | €13k | €32k | €-50k | €-4k | ▲ 91.4% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €5k ▼31.7%
Net result drops to €5k, the lowest in the series.
05-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2020
07-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 68 days late
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Waasmunster · 1 establishment unit since 2016
Ground area
4,416 m²
Building footprint
674 m²
Volume, LiDAR
4,780 m³
Parcel 42023A1892/00B000, Flanders · tallest building 7.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CB2BS
since 20162.259.309.746
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023A1892/00B000 | Flanders | 4,415 m² | 1 · 674 m² | 7.7 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.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,761 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
Founded13-04-2006
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Scores and ratios are computed by Checked and are not a credit decision.