Equity
€186,328 ▲ 62.0%
Equity rose in 2025 from €114,999 to €186,328.
CBMac
Overview
Lifetime
3 annual accounts with figures on one time axispeak €110,351 (2025)
€110,351▲ 25.9%
peak €72,162 (2025)
€72,162▲ 28.4%
peak €186,328 (2025)
€186,328▲ 62.0%
€40,675▲ 5.7%
Board1 name since 2012
1 directorBosmans Carl
Documentsfilings and deeds
20-07-202611 days before the deadline
2025micro format
Gross margin from €87,626 to €110,351Result from €56,212 to €72,162Dividend €833Equity from €114,999 to €186,328Investments €33,333Cash from €107,873 to €160,282
Key points
from the 2025 annual accountsInvestments
€33,333 15.3 × depreciation
Green is investment, beige is depreciation.
Position in the sector
€72,162
Higher net result than 85% of companies in advertising and market research. Sector median €14,813 · 8,612 companies.
Checked score
98
Excellent
Financially stronger than 88% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,228 companies (NACE 73, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%highest value
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: < 0.1%● unchanged vs 03-2026
05-2026: < 0.1%● unchanged vs 04-2026
06-2026: < 0.1%● unchanged vs 05-2026
07-2026: < 0.1%● unchanged vs 06-2026
08-2026: < 0.1%● unchanged vs 07-2026lowest value
09-2026: < 0.1%● unchanged vs 08-2026lowest value
10-2026: < 0.1%● unchanged vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
lowers risk
Liquidity: current ratio 4.35, cash €160,282
Equity €186,328 (82.1% of total assets)
Size: total assets €227,003
Founded in 2012
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 73, micro). It does better than 87% of them on solvency, 89% on liquidity, 88% on profitability and 86% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 34,693 companies had the same profile as CBMac has now. Each dot stands for 87 companies, two years later.
95.3%
were still trading
3.9%
stopped another way
0.7%
went bankrupt
That fits the bankruptcy probability of CBMac itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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 34,693 companies, not a prediction for CBMac. 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.
Credit verdict
Credit of up to €18,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.35 (3.3 in 2024), above the usual 1.5. Short-term debt is 17.2% and cash 70.6% of total assets. 17.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 20-07-2026, 11 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
11 days early
2024
44 days early
2023
63 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 39 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 17 June (3 of the last 3 accounts filed within 33 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0842870216
Change of role: Bosmans Carl, from manager to director
Director discharge: Bosmans Carl (manager) · Legal-form conversion: from limited partnership to private limited company · Bosmans Carl holds all the shares · General meeting of 22-03-2023 · Gazette deed
Incorporation
published on 01-02-2012 · Gazette deed
First establishment
Mechelsesteenweg 91, Sint-Katelijne-Waver
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CBMac Sint-Katelijne-Waver | €227,003 | €110,351 | 82.1% | - |
| COIN MEDICAL CLINICAL RESEARCH CONSULTANCY Ghent | €213,465 | €119,276 | 71.2% | - |
| DoGoBeGo Woluwe-Saint-Pierre | €207,494 | €99,875 | 67.1% | - |
| Andere Richtingen Ghent | €269,890 | €119,979 | 89.3% | - |
| CEUSTERS KOEN Aalst | €198,181 | €98,863 | 25.5% | - |
| ROBOONA Kruisem | €246,670 | €134,511 | 66.9% | - |
| Wethinkbeautiful Brussels | €249,866 | €116,679 | 33.9% | - |
These companies have the same main activity as CBMac: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €198,000 and €270,000, founded between 2009 and 2013.
Official details
Source: KBO- Status
- Active since 02-01-2012Normal situation
- Activity
- Public relations and communication consultancyNACE 73300and 3 others
- Establishment unit
- 2.207.538.6682860 Sint-Katelijne-Waver, since 02-01-2012
- Financial year end
- 31 December
- Peppol
- Reachable since 12-02-2025
Annual accounts 2025
- €110,351▲ 25.9%
- ≈ €200,000estimated
- €72,162▲ 28.4%
- €186,328▲ 62.0%
- €227,003▲ 47.9%
- Filing
- Filed on 20-07-2026, 11 days before the end of the filing period
Insights on CBMac
CBMac files the micro format. That format states no turnover. The gross margin rose from €55,625 in 2023 to €110,351 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 20-07-2026, 11 days before the deadline€110,351
▲ 25.9%
€107,556
▲ 25.2%
€72,162
▲ 28.4%
€130,453
▲ 47.3%
82.1%
▲ 7.2 percentage points
4.35
▲ 1.05
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €200,000. Estimated: probably between €150,000 and €410,000.
Balance sheet
balance sheet total €227,003 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
82.1%
Higher than 80% of 8,611 companies in 2025.
4.35
Higher than 75% of 8,288 companies in 2025.
31.8%
Higher than 79% of 8,397 companies in 2025.
CBMac
Middle half of the sector
80% of the sector
Micro accounts in advertising and market research (NACE 73)
Net result: top quarter · Equity: top quarter · Balance sheet total: middle half · Working capital: top quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
227,003 | 153,496 | 110,834 | |
21/28 |
57,591 | 26,435 | 26,737 | |
22/27 |
32,591 | 1,435 | 1,737 | |
24 |
32,591 | 1,435 | 1,737 | |
28 |
25,000 | 25,000 | 25,000 | |
29/58 |
169,412 | 127,061 | 84,098 | |
40/41 |
7,670 | 18,755 | 12,492 | |
40 |
6,682 | 18,755 | 10,359 | |
41 |
988 | 0 | 2,133 | |
54/58 |
160,282 | 107,873 | 71,280 | |
490/1 |
1,460 | 433 | 326 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
227,003 | 153,496 | 110,834 | |
10/15 |
186,328 | 114,999 | 59,646 | |
10/11 |
2,500 | 2,500 | 2,500 | |
13 |
183,828 | 112,499 | 56,845 | |
133 |
183,828 | 112,499 | 56,845 | |
14 |
0 | 0 | 301 | |
17/49 |
40,675 | 38,497 | 51,188 | |
17 |
- | 0 | 25,000 | |
170/4 |
- | 0 | 25,000 | |
42/48 |
38,959 | 38,497 | 26,188 | |
44 |
344 | 596 | 2,026 | |
440/4 |
344 | 596 | 2,026 | |
45 |
12,189 | 12,372 | 7,467 | |
450/3 |
12,189 | 12,372 | 7,467 | |
47/48 |
26,425 | 25,529 | 16,695 | |
492/3 |
1,716 | - | - | |
| Income statement | ||||
9900 |
110,351 | 87,626 | 55,625 | |
630 |
2,176 | 1,142 | 374 | |
640/8 |
619 | 604 | 642 | |
9901 |
107,556 | 85,880 | 54,609 | |
75/76B |
1,469 | 505 | 198 | |
75 |
1,469 | 505 | 198 | |
65/66B |
2,152 | 2,603 | 830 | |
65 |
2,152 | 2,603 | 830 | |
9903 |
106,873 | 83,782 | 53,976 | |
67/77 |
34,711 | 27,570 | 17,871 | |
9904 |
72,162 | 56,212 | 36,105 | |
9905 |
72,162 | 56,212 | 36,105 | |
| Appropriation of the result | ||||
9906 |
72,162 | 56,512 | 36,406 | |
14P |
0 | 301 | 301 | |
691/2 |
71,329 | 55,653 | 35,272 | |
6921 |
71,329 | 55,653 | 35,272 | |
694/7 |
833 | 859 | 833 | |
694 |
833 | 859 | 833 | |
| Document | ||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 20-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 109,733 | 87,022 | 54,983 | ||
| 74,338 | 57,353 | 36,479 | ||
| 33,333 | 840 | 1,046 | ||
| 52,409 | 36,593 | - | ||
| 130,453 | 88,564 | 57,910 | ||
| 82.1% | 74.9% | 53.8% | ||
| 4.35 | 3.30 | 3.21 | ||
| 0.22 | 0.33 | 0.86 | ||
| 38.7% | 48.9% | 60.5% | ||
| 31.8% | 36.6% | 32.6% | ||
| 50.98 | 33.43 | 66.22 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €33,333 | €840 | €1,046 |
| Financial fixed assets | €0 | - | - |
| €2,176 | €1,142 | €374 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on CBMac
The operating result for 2025 is 25% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 25.1% to 17.9%. Equity and debt are higher.
Board & ownership
Board
1 director, last change in 2023Director
since 02-01-2012
term without a fixed end
earlier manager, until 22-03-2023
listed in the 2025 annual accounts, filed on 20-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “3. Bevoegdheid - Vertegenwoordiging. Elke bestuurder is bevoegd om alle handelingen te verrichten die nodig of dienstig zijn tot…”deed of 31-03-2023
Mandates through the years
1 name, the dashed line is todayBosmans Carl
Director
Director
BoardEarliermandate already running before its first mention
Mandates as a list
- Bosmans Carl
- Director, from 02-01-2012 to date
- Manager, until 22-03-2023
Control
Capital
- Contribution
- €2,500
- Source
- deed of 31-03-2023
Articles of association
deed of 31-03-2023 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Ontslag bestuurder, bij openvallende plaats collegiaal orgaan mogen overblijvende bestuurders coöpteren tenzij statuten uitsluiten”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 18:00
Shareholders
Stated in the deed
deed of 31-03-2023 ↗
- Bosmans Carl all shares
Network & group
No group
CBMac has no parent and no holdings in its annual accounts. Bosmans Carl is the only director. CBMac shares no director with another company.
Timeline
Timeline
10 events since 2012Board
Filings
Financial
Establishments
20122014201620182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · 11 days before the deadline
2025
Highest result from 2023 to 2025 net €72,162 ▲28.4% The operating result of €107,556 and the net result of €72,162 are both a record.
Equity above €150,000 equity €186,328 ▲62% With a profit in every financial year since 2023, equity grows to €186,328.
Annual accounts 2024 filed PDFmicro format · 44 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0842870216
2024
Equity above €100,000 equity €114,999 ▲92.8% With a profit in every financial year since 2023, equity grows to €114,999.
Annual accounts 2023 filed PDFmicro format · 63 days before the deadline
2023
Change of role: Bosmans Carl, from manager to directorDirector discharge: Bosmans Carl (manager) · Legal-form conversion: from limited partnership to private limited company · Bosmans Carl holds all the shares · General meeting of 22-03-20239 points ▸
- Director resignation, Bosmans Carl (manager)
- Director discharge, Bosmans Carl (manager)
- Director appointment, Bosmans Carl
- Registered office clause, Sint-Katelijne-Waver, Mechelsesteenweg 91
- General meeting, 22-03-2023
- Net-asset statement, 31-12-2022
- Legal-form conversion, from limited partnership to private limited company
- Accounting effect, 01-01-2023
- Bosmans Carl holds all the shares
- The deed holds 3 more points.
2012
Incorporation PDFpublished on 01-02-2012
First establishment Mechelsesteenweg 91, Sint-Katelijne-Waver
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0842.870.216
- VAT number
- BE 0842.870.216
- Peppol ID
- 0208:0842870216
- Other Peppol ID
- 9925:BE0842870216
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 02-01-2012
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of June at 18:00deed of 31-03-2023 (in Dutch)
- Peppol
- Reachable since 12-02-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- CBMac in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 31-03-2023 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 31-03-2023 (in Dutch)
Activities
NACEBEL 202573300
Public relations and communication consultancy main activity
Codes under NACEBEL 2008
70210
Activities of head offices; management consultancy activities main activity
64200
Holdings
82110
Office administrative, office support and other business support activities
82990
Other business support services
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “De uitvoering van management,organisatie en consultancy opdrachten voor om het even welke onderneming,vennootschap,organisatie,vereniging of…”deed of 31-03-2023 (in Dutch)
2 activities
- De uitvoering van management,organisatie en consultancy opdrachten voor om het even welke onderneming,vennootschap,organisatie,vereniging of privépersoon;het leveren van diensten op het vlak van organisatie,administratie en marketing en dit aan zowel natuurlijke personen als rechtspersonen en vennootschappen;het verlenen van technische,commerciële,administratieve en financiële bijstand aan alle Belgische en buitenlandse ondernemingen;de vennootschap mag optreden als tussenpersoon,makelaar of dienstverlener;de vennootschap mag optreden als bestuurder,volmachtsdrager,mandataris of vereffenaar in andere vennootschappen;het verwerven en aanhouden van participaties in vennootschappen en ondememingen onder eender welke vorm in België en buitenland;het aanleggen,het oordeelkundig uitbouwen en oordeelkundig beheren van een onroerend patrimonium,alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten,in gelijk welke hoedanigheid van leasing,erfpacht en opstalcontracten,verkaveling,als tussenpersoon en,in het algemeen,alle verrichtingen die onrechtstreeks of rechtstreeks betrekking hebben op het beheer of het productief maken van onroerende goederen of onroerende zakelijke rechten;het aankopen,het verkopen,ruilen,huren en verhuren,de bouw en verbouwing,zowel in binnen-als buitenland,van alle onroerende goederen;haar patrimonium bestaande uit roerende en onroerende goederen te behouden,in de ruimste zin van het woord te beheren en oordeelkundig uit breiden,welke onder meer omvat de verwerving,de vervreemding,de uitbating,de huur en verhuur alsmede de instandhouding en de valorisatie ervan;de vennootschap mag alle industriële,commerciële en financiële roerende en onroerende verrichtingen doen die kunnen bijdragen tot het verwezenlijken van het voorwerp,kredieten en leningen aangegaan en toestaan,zich voor derden borgstellen door haar goederen in hypotheek of in pand te geven,inclusief de eigen handelszaak.
- De vennootschap mag alle handelingen stellen die rechtstreeks of onrechtstreeks kunnen bijdragen tot de realisatie van haar voorwerp.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Mechelsesteenweg 91 registered office 2860 Sint-Katelijne-Waver | 02-01-2012 | 2.207.538.668 |
Buildings and parcels at the address
- Ground area
- 311 m²
- Buildings
- 107 m²
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12035B0719/00T000 | 311 m² | 1 · 107 m² | 0.0 m |