CBC CONSTRUCTIONS
ActiveSummary
CBC CONSTRUCTIONS has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €164k and a net result of €11k. Equity is growing by ~6.1% per year across the filed fiscal years. Its solvency ranks better than 89% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+6
Solvency100=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 5.33 against 3.33 in 2024; short-term debt: 17.5% and cash: 10.8% of total assets), and 17.5% 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
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
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 · 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
82.5%
Return on assets
5.7%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 10 filingsDeviation from the deadline
2025
13 d late
2024
14 d early
2023
12 d early
2022
11 d early
2021
74 d late
2020
61 d late
2019
33 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, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€11k▲ 371%
2024 · €2k
2018: €3k
2019: €8k▲ +167% vs 2018
2020: €27k▲ +233% vs 2019highest in 8 years
2021: €11k▼ -58.6% vs 2020
2022: €-5k▼ -143% vs 2021lowest in 8 years
2023: €2k▲ +152% vs 2022
2024: €2k▼ -4.0% vs 2023
2025: €11k▲ +371% vs 2024
2018 → 2025
Working capital
€151k▲ 32.8%
2024 · €113k
2018: €104k
2019: €109k▲ +5.0% vs 2018
2020: €127k▲ +16.6% vs 2019
2021: €116k▼ -8.9% vs 2020
2022: €63k▼ -45.7% vs 2021lowest in 8 years
2023: €88k▲ +39.7% vs 2022
2024: €113k▲ +29.1% vs 2023
2025: €151k▲ +32.8% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€152k-€148k▼ 3.1%€150k▲ 1.7%€152k▲ 1.6%€164k▲ 7.4%
2021: €152k
2022: €148k▼ -3.1% vs 2021lowest in 5 years
2023: €150k▲ +1.7% vs 2022
2024: €152k▲ +1.6% vs 2023
2025: €164k▲ +7.4% vs 2024highest in 5 years
Operating result€14k-€-3k€7k€6k▼ 20.9%€17k▲ 201%
2021: €14k
2022: €-3k▼ -120% vs 2021lowest in 5 years
2023: €7k▲ +342% vs 2022
2024: €6k▼ -20.9% vs 2023
2025: €17k▲ +201% vs 2024highest in 5 years
Net result€11k-€-5k€2k€2k▼ 4.0%€11k▲ 371%
2021: €11k
2022: €-5k▼ -143% vs 2021lowest in 5 years
2023: €2k▲ +152% vs 2022
2024: €2k▼ -4.0% vs 2023
2025: €11k▲ +371% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 201% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €198k
Fixed assets
€13k ▼ 67.9%
Current assets
€185k ▲ 14.4%
Equity and liabilities €198k
Equity
€164k ▲ 7.4%
Debt
€35k ▼ 31.0%
Debt's share of the balance-sheet total falls from 24.8% to 17.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€47k▲
2024 · €43k
Cash flow
€41k▲
2024 · €40k
Current ratio
5.33▲
2024 · 3.33
Debt to equity
0.21▼
2024 · 0.33
ROE
6.9%▲
2024 · 1.6%
ROA
5.7%▲
2024 · 1.2%
Interest coverage
124.06▲
2024 · 88.98
Debt ≤ 1 year
€35k▼
2024 · €49k
Debt > 1 year
€0▼
2024 · €2k
Income taxes
€5k▲
2024 · €3k
Staff costs
€29k▼
2024 · €48k
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€203k€198k▼
Fixed assets21/28€41k€13k▼
Tangible fixed assets22/27€39k€12k▼
Plant, machinery and equipment23€22k€3k▼
Furniture and vehicles24€5k€6k▲
Leasing and similar rights25€12k€2k▼
Financial fixed assets28€2k€2k=
Current assets29/58€162k€185k▲
Amounts receivable within one year40/41€143k€159k▲
Trade receivables40€117k€11k▼
Other amounts receivable41€26k€149k▲
Cash at bank and in hand54/58€14k€21k▲
Deferred charges and accrued income490/1€5k€5k▼
Equity and liabilities
Total equity and liabilities10/49€203k€198k▼
Equity10/15€152k€164k▲
Contributions10/11€19k€19k=
Reserves13€108k€108k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€107k€107k=
Profit (loss) carried forward14€25k€37k▲
Amounts payable17/49€50k€35k▼
Amounts payable after more than one year17€2k€0▼
Financial debts170/4€2k€0▼
Amounts payable within one year42/48€49k€35k▼
Current portion of amounts payable after more than one year42€14k€2k▼
Trade debts44€19k€22k▲
Suppliers440/4€19k€22k▲
Taxes, remuneration and social security45€16k€11k▼
Taxes450/3€6k€8k▲
Remuneration and social security454/9€9k€3k▼
Other amounts payable47/48€321€220▼
Accrued charges and deferred income492/3€108€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€48k€29k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€37k€30k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€93k€78k▼
Operating profit (loss)9901€6k€17k▲
Financial income75/76B€41€39▼
Recurring financial income75€41€39▼
Financial charges65/66B€482€376▼
Recurring financial charges65€482€376▼
Profit (loss) for the period before taxes9903€5k€16k▲
Income taxes67/77€3k€5k▲
Profit (loss) for the period9904€2k€11k▲
Profit (loss) for the period to be appropriated9905€2k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€25k€37k▲
Profit (loss) brought forward from the previous period14P€23k€25k▲
The notes to these accounts (11 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 | €99k | €63k | €83k | €48k | €29k | ▼ 38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €25k | €27k | €45k | €37k | €30k | ▼ 19.6% |
| Other operating charges640/8 | €18k | €7k | €2k | €2k | €2k | ▼ 11.2% |
| Non-recurring operating charges66A | €10k | €0 | - | - | - | - |
| Gross operating margin9900 | €166k | €94k | €137k | €93k | €78k | ▼ 16.4% |
| Operating profit (loss)9901 | €14k | €-3k | €7k | €6k | €17k | ▲ 201% |
| Financial income75/76B | €491 | €2 | €14 | €41 | €39 | ▼ 4.4% |
| Recurring financial income75 | €491 | €2 | €14 | €41 | €39 | ▼ 4.4% |
| Financial charges65/66B | €2k | €1k | €1k | €482 | €376 | ▼ 22.1% |
| Recurring financial charges65 | €2k | €1k | €1k | €482 | €376 | ▼ 22.1% |
| Profit (loss) for the period before taxes9903 | €13k | €-4k | €6k | €5k | €16k | ▲ 220% |
| Income taxes67/77 | €2k | €689 | €3k | €3k | €5k | ▲ 86.1% |
| Profit (loss) for the period9904 | €11k | €-5k | €2k | €2k | €11k | ▲ 371% |
| Profit (loss) for the period to be appropriated9905 | €11k | €-5k | €2k | €2k | €11k | ▲ 371% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €378k | €382k | €232k | €203k | €198k | ▼ 2.2% |
| Fixed assets21/28 | €95k | €123k | €78k | €41k | €13k | ▼ 67.9% |
| Tangible fixed assets22/27 | €93k | €122k | €77k | €39k | €12k | ▼ 70.7% |
| Plant, machinery and equipment23 | €11k | €63k | €41k | €22k | €3k | ▼ 86.1% |
| Furniture and vehicles24 | €11k | €9k | €7k | €5k | €6k | ▲ 18.8% |
| Leasing and similar rights25 | €71k | €50k | €29k | €12k | €2k | ▼ 83.4% |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | = |
| Current assets29/58 | €284k | €259k | €153k | €162k | €185k | ▲ 14.4% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Stocks30/36 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €246k | €203k | €116k | €143k | €159k | ▲ 11.6% |
| Trade receivables40 | €101k | €69k | €115k | €117k | €11k | ▼ 90.8% |
| Other amounts receivable41 | €146k | €134k | €60 | €26k | €149k | ▲ 477% |
| Cash at bank and in hand54/58 | €35k | €51k | €34k | €14k | €21k | ▲ 48.7% |
| Deferred charges and accrued income490/1 | €3k | €4k | €4k | €5k | €5k | ▼ 5.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €378k | €382k | €232k | €203k | €198k | ▼ 2.2% |
| Equity10/15 | €152k | €148k | €150k | €152k | €164k | ▲ 7.4% |
| Contributions10/11 | €19k | €19k | €20k | €19k | €19k | = |
| Reserves13 | €108k | €108k | €107k | €108k | €108k | = |
| Non-distributable reserves130/1 | €2k | €2k | €0 | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €0 | €2k | €2k | = |
| Distributable reserves133 | €107k | €107k | €107k | €107k | €107k | = |
| Profit (loss) carried forward14 | €25k | €21k | €23k | €25k | €37k | ▲ 44.1% |
| Amounts payable17/49 | €226k | €234k | €82k | €50k | €35k | ▼ 31.0% |
| Amounts payable after more than one year17 | €58k | €38k | €16k | €2k | €0 | ▼ 100% |
| Financial debts170/4 | €58k | €38k | €16k | €2k | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €168k | €196k | €66k | €49k | €35k | ▼ 28.6% |
| Current portion of amounts payable after more than one year42 | €22k | €18k | €21k | €14k | €2k | ▼ 88.4% |
| Trade debts44 | €128k | €175k | €22k | €19k | €22k | ▲ 15.6% |
| Suppliers440/4 | €128k | €175k | €22k | €19k | €22k | ▲ 15.6% |
| Taxes, remuneration and social security45 | €18k | €3k | €17k | €16k | €11k | ▼ 28.3% |
| Taxes450/3 | €7k | €3k | €10k | €6k | €8k | ▲ 28.5% |
| Remuneration and social security454/9 | €11k | €0 | €7k | €9k | €3k | ▼ 65.5% |
| Other amounts payable47/48 | - | €304 | €5k | €321 | €220 | ▼ 31.5% |
| Accrued charges and deferred income492/3 | - | - | - | €108 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €-5k | €2k | €2k | €11k | ▲ 371% |
| + Depreciation and write-downs630 | €25k | €27k | €45k | €37k | €30k | ▼ 19.6% |
| Operating cash flow (approximation) | €36k | €22k | €47k | €40k | €41k | ▲ 3.8% |
| Investment in fixed assets (approximation) | - | €-55k | €0 | €0 | €-2k | - |
| Change in cash | - | €16k | €-17k | €-20k | €7k | ▲ 136% |
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
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
17-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-12
Financial
Equity above €150kEq €150k ▲1.7%
Equity rises from €148k to €150k.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
13-10
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 74 days late
2021
31-12
Financial
Equity above €150kEq €152k ▲7.9%
4 profitable years in a row build equity to €152k.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 61 days late
2020
31-12
Financial
Highest result since 2018net €27k ▲233%
Operating result €30k, net result €27k, both a record.
02-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 33 days late
Show earlier events
2019
11-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 42 days late
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
18-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 18 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Thuin · 1 establishment unit since 1988
Ground area
635 m²
Building footprint
355 m²
Volume, LiDAR
1,910 m³
Parcel 56030A0176/00V002, Wallonia · tallest building 7.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de Marchienne(GOZ) 164, 6534 Thuin
since 19882.037.886.460
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56030A0176/00V002 | Wallonia | 635 m² | 1 · 355 m² | 7.9 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
3 categoriesCBC CONSTRUCTIONS SRL34179
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,478 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
Founded20-04-1988
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.