CBAM engineering
ActiveSummary
CBAM engineering has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €233,075 and a net result of €41,004. Equity has been shrinking by about 13% per year since 2018. Its solvency ranks better than 50% of 11,772 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 23-05-2005 Normal situation
- Activity
- Activities of building architects NACE 71111and 1 other
- Establishment unit
- 2.147.232.877 9750 Kruisem, since 23-05-2005
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2024
Board and ownership
- MARTENS Arvid Johan LindaDirector · since 24-11-2023
- MARTENS Ninke Bea HugoDirector · since 24-11-2023
- DETANDT Josiane Albertine Marie JozefDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €150,104
- ▼ 5.2%
- Turnover
- ≈ €300,000
- estimated
- Profit
- €41,004
- ▼ 21.6%
- Equity
- €233,075
- ▼ 24.3%
- Total assets
- €433,218
- ▼ 12.3%
- Employees on 31-12-2025
- 1
- =
Score breakdownlowers riskLiquidity: current ratio 1.92, cash €297,789Size: total assets €433,218Equity €233,075 (53.8% of total assets)Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 51% of them on solvency, 66% on liquidity, 49% on profitability and 19% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 17 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 08-07-2026 at the NBB all 20 filings
Every figure per financial year
The operating result for 2025 is 21% lower than in 2024 and the lowest since 2021. It is the third fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 2 | 1 | 1 | 1 | 1 |
| full-time | 2 | 1 | 1 | 1 | 1 |
| part-time | 0 | 0 | 0 | 0 | 0 |
| in full-time equivalents | 2 | 1 | 1 | 1 | 1 |
| Average over the year, in full-time equivalents | 2 | 1.7 | 1 | 1 | 1 |
| On a permanent contract | 2 | 1 | 1 | 1 | 1 |
| Joined | - | 0 | 0 | - | 0 |
| Left | - | 1 | 0 | - | 0 |
| Training hours | - | - | 0 | - | 0 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €48,556 | €47,981 | - | €6,405 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | - | €5,374 | €11,630 | €19,307 | €20,483 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €87,670 | €88,506 | €71,457 | €70,712 | €75,352 | ▲ 6.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,219 | - | - | - | €5,374 | €11,630 | €19,307 | €20,483 | ▲ 6.1% |
| Other operating charges640/8 | - | - | - | €525 | €2,215 | €630 | €528 | €610 | ▲ 15.5% |
| Gross operating margin9900 | €197,641 | €202,026 | €250,592 | €164,170 | €176,531 | €163,624 | €158,280 | €150,104 | ▼ 5.2% |
| Operating profit (loss)9901 | €115,588 | €115,821 | €169,314 | €75,974 | €80,436 | €79,907 | €67,732 | €53,660 | ▼ 20.8% |
| Financial income75/76B | - | - | - | €4,196 | €5,979 | €2,036 | €9,348 | €3,975 | ▼ 57.5% |
| Recurring financial income75 | €2,317 | €549 | €383 | €4,196 | €911 | €2,036 | €9,348 | €3,975 | ▼ 57.5% |
| Non-recurring financial income76B | - | - | - | - | €5,068 | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €6,373 | €6,687 | €9,729 | €7,209 | €299 | ▼ 95.8% |
| Recurring financial charges65 | €4,487 | €4,593 | €6,296 | €6,373 | €6,687 | €9,729 | €7,209 | €299 | ▼ 95.8% |
| Profit (loss) for the period before taxes9903 | €113,419 | €111,777 | €163,401 | €73,797 | €79,728 | €72,215 | €69,871 | €57,336 | ▼ 17.9% |
| Income taxes67/77 | €29,866 | €32,216 | €47,379 | €20,717 | €21,648 | €20,555 | €17,586 | €16,332 | ▼ 7.1% |
| Profit (loss) for the period9904 | €83,553 | €79,561 | €116,022 | €53,080 | €58,080 | €51,660 | €52,285 | €41,004 | ▼ 21.6% |
| Profit (loss) for the period to be appropriated9905 | €83,553 | €79,561 | €116,022 | €53,080 | €58,080 | €51,660 | €52,285 | €41,004 | ▼ 21.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.9m | €1.0m | €1.0m | €0.8m | €0.8m | €0.8m | €0.5m | €0.4m | ▼ 12.3% |
| Formation expenses20 | €0 | - | - | - | - | - | - | - | - |
| Fixed assets21/28 | €0.007m | €0.007m | €0.009m | €0.002m | €0.05m | €0.08m | €0.06m | €0.05m | ▼ 22.5% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €0 | - | - | - | €0.04m | €0.08m | €0.06m | €0.05m | ▼ 23.4% |
| Furniture and vehicles24 | - | - | - | - | €0.04m | €0.08m | €0.06m | €0.05m | ▼ 23.4% |
| Financial fixed assets28 | €0.007m | €0.007m | €0.009m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Current assets29/58 | €0.8m | €0.9m | €1.0m | €0.8m | €0.7m | €0.7m | €0.4m | €0.4m | ▼ 10.9% |
| Amounts receivable within one year40/41 | €0.1m | €0.004m | €0.01m | €0.04m | €0.05m | €0.05m | €0.006m | €0.09m | ▲ 15× |
| Trade receivables40 | - | - | - | €0.02m | €0.05m | €0.01m | €0 | €0.09m | - |
| Other amounts receivable41 | - | - | - | €0.02m | €299 | €0.03m | €0.006m | €0.002m | ▼ 68.2% |
| Current investments50/53 | €0.3m | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €0.5m | €0.9m | €0.8m | €0.5m | €0.4m | €0.5m | €0.2m | €0.3m | ▲ 49.1% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0 | €228 | €0.001m | €0 | ▼ 100% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.9m | €1.0m | €1.0m | €0.8m | €0.8m | €0.8m | €0.5m | €0.4m | ▼ 12.3% |
| Equity10/15 | €0.6m | €0.6m | €0.5m | €0.4m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 24.3% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.001m | €0.001m | = |
| Reserves13 | €0.6m | €0.6m | €0.5m | €0.4m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 24.4% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €0.4m | €0.5m | €0.4m | €0.3m | €0.2m | ▼ 24.4% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €0.2m | €0.3m | €0.5m | €0.4m | €0.3m | €0.4m | €0.2m | €0.2m | ▲ 7.5% |
| Amounts payable within one year42/48 | €0.2m | €0.3m | €0.5m | €0.4m | €0.3m | €0.4m | €0.2m | €0.2m | ▲ 7.5% |
| Trade debts44 | €0.01m | €0.01m | €0.02m | €0.03m | €0.04m | €0.03m | €0.01m | €0.007m | ▼ 33.6% |
| Suppliers440/4 | - | - | - | €0.03m | €0.04m | €0.03m | €0.01m | €0.007m | ▼ 33.6% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.05m | €0.02m | €0.03m | €0.04m | ▲ 14.0% |
| Taxes450/3 | - | - | - | €0.04m | €0.03m | €0.001m | €0.02m | €0.02m | ▼ 3.6% |
| Remuneration and social security454/9 | - | - | - | €0.02m | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 31.0% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.2m | €0.3m | €0.1m | €0.2m | ▲ 9.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €83,553 | €79,561 | €116,022 | €53,080 | €58,080 | €51,660 | €52,285 | €41,004 | ▼ 21.6% |
| + Depreciation and write-downs630 | €1,219 | - | - | - | €5,374 | €11,630 | €19,307 | €20,483 | ▲ 6.1% |
| Operating cash flow (approximation) | €84,771 | €79,561 | €116,022 | €53,080 | €63,455 | €63,290 | €71,593 | €61,487 | ▼ 14.1% |
| Investment in fixed assets (approximation) | - | €0 | -€2,260 | €6,690 | -€48,556 | -€47,981 | €0 | -€6,405 | - |
| Change in cash | - | €470,834 | -€180,313 | -€219,116 | -€124,591 | €66,758 | -€286,920 | €98,023 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 31,368 companies had the same profile as CBAM engineering has now. Two years later, 93.5% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CBAM engineering itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 31,368 companies, not a prediction for CBAM engineering. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 08-07-2026 | 2026-00267241 | |
| 31-12-2024 | micro format | 11-07-2025 | 2025-00257824 | |
| 31-12-2023 | micro format | 09-07-2024 | 2024-00224063 | |
| 31-12-2022 | micro format | 24-07-2023 | 2023-00261388 | |
| 31-12-2021 | micro format | 21-07-2022 | 2022-20209783 | |
| 31-12-2020 | micro format | 08-07-2021 | 2021-33300078 | |
| 31-12-2019 | micro format | 16-07-2020 | 2020-30700041 | |
| 31-12-2018 | micro format | 10-07-2019 | 2019-30900586 | |
| 31-12-2017 | micro format | 06-07-2018 | 2018-30200458 | |
| 31-12-2016 | micro format | 28-06-2017 | 2017-24000265 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 28-12-2023 Converted to unavailable equity · €20,460
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DETANDT Josiane Albertine Marie Jozef |
|
| MARTENS Arvid Johan Linda |
|
| MARTENS Ninke Bea Hugo |
|
Network & group
Companies at the same address
1 other companyConnections & network
2 connected companiesThe connected companies are in the list below.
Timeline
Acts, filings and financial milestones
28-12
Gazette deed
Company renamed from CBAM to CBAM engineeringRegistered office moved within Kruisem · New seat: 9750 Kruisem, Alfred Amelotstraat 36 · Previous seat: Galgenstraat 7, 9750 KRUISEM17 points ▸
- General meeting, “buitengewone algemene vergadering van aandeelhouders” (deed in Dutch)
- Name change, CBAM engineering
- Registered-office move, 9750 Kruisem,Alfred Amelotstraat 36
- Amendment of the articles, mentioned 3 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden van statutenwijziging, opheffing aangelegde statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Power of attorney
- Other provision, “elektronisch aandeelhoudersregister, mogelijkheid voorzien om in elektronische vorm te houden” (deed in Dutch)
- Other provision, “integrale nieuwe statuten, statuten luiden voortaan integraal als volgt” (deed in Dutch)
- Director resignation, DETANDT Josiane Albertine Marie Jozef (manager)
- Director appointment, DETANDT Josiane Albertine Marie Jozef (director (not named in the articles))
- Director resignation, MARTENS Ninke Bea Hugo (manager)
- The act holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 45057B0017/00E000 | Flanders | 300 m² | 1 · 279 m² | 10.8 m · 1 |