Equity
-€9,378
Debts exceed assets in financial year 2025.
CBMS
Overview
Lifetime
1 annual account with figurespeak -€10,880 (2025)
-€10,880
lowest -€12,378 (2025)
-€12,378
peak -€9,378 (2025)
-€9,378
€162,430
Board1 name since 2024
1 directorTAS, Murat
Documentsfilings and deeds
26-08-202626 days late
2025micro format
Loss of €12,378First year with figures
Key points
from the 2025 annual accountsDebts
€162,430 106% of the balance sheet
Suppliers 21%Taxes and wages 1%Other 78%
At the same address
84 companies
2025 accounts filed 26 days after the deadlineTurnover not published (micro format)
Checked score
50
Fair
Financially stronger than 13% of micro companies in wholesale trade (NACE 46)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
08-2025: 1.6%lowest value
09-2025: 1.7%▲ +0.1 percentage points vs 08-2025
10-2025: 2.0%▲ +0.3 percentage points vs 09-2025
11-2025: 2.1%▲ +0.1 percentage points vs 10-2025
12-2025: 2.4%▲ +0.3 percentage points vs 11-2025
01-2026: 2.4%● unchanged vs 12-2025
02-2026: 2.6%▲ +0.2 percentage points vs 01-2026
03-2026: 2.7%▲ +0.1 percentage points vs 02-2026
04-2026: 2.5%▼ -0.2 percentage points vs 03-2026
05-2026: 2.6%▲ +0.1 percentage points vs 04-2026
06-2026: 2.9%▲ +0.3 percentage points vs 05-2026
07-2026: 2.9%● unchanged vs 06-2026
08-2026: 2.9%● unchanged vs 07-2026highest value
09-2026: 2.5%▼ -0.4 percentage points vs 08-2026
10-2026: 2.5%● unchanged vs 09-2026
11-2026: 2.5%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
Liquidity: current ratio 0.94, cash €5,819
Negative equity -€9,378
lowers risk
Size: total assets €153,052
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 46, micro). It does better than 15% of them on solvency, 7% on liquidity and 16% on profitability.
The bankruptcy probability was computed on 09-11-2026 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 moderate class on 30-06-2025, 2.4% 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, 1,555 companies had the same profile as CBMS has now. Each dot stands for 4 companies, two years later.
91.6%
were still trading
3.6%
stopped another way
4.6%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CBMS itself: 2.5% 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 1,555 companies, not a prediction for CBMS. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.94, below 1. Short-term debt is 106.1% and cash 3.8% of total assets. Equity is negative.
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
Six signals.
lowers riskraises risk
raises risk · 2025 accounts filed 26 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-08-2026, 26 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
26 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- Murat Tas 40%deed of 31-12-2024
- Hakan Bahadir Bahat 60%deed of 31-12-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1011053467
Murat Tas holds 40% of the shares
Hakan Bahadir Bahat holds 60% of the shares · Board meeting of 18-10-2024 · Gazette deed
Incorporation
Founding capital of €3,000 · Founders: BAHAT, Hakan Bahadir; TAS, Murat · Appointment: TAS, Murat (director) · published on 04-07-2024 · Gazette deed
First establishment
Excelsiorlaan 31, Zaventem
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CBMS Zaventem | €153,052 | -€10,880 | -6.1% | - |
| Tuinmaterialen Van Roey Bilzen-Hoeselt | €131,697 | €61 | 0.6% | - |
| CLJ Invest Merelbeke-Melle | €255,233 | -€44,453 | 11.2% | - |
| CLICK & BRIC Zaventem | €104,459 | €2,090 | 0.7% | - |
| BRI&CO Kampenhout | €352,964 | -€104,065 | 15.3% | - |
| NOAH TRADING Jette | €94,071 | -€5,465 | 11.5% | - |
| Penetron Benelux Herentals | €312,094 | -€38,573 | 3.8% | - |
These companies have the same main activity as CBMS: wholesale of construction materials, general range (NACE 46831). They are comparable in size and age: total assets between €94,100 and €353,000, founded between 2023 and 2025.
Official details
Source: KBO- Status
- Active since 02-07-2024Normal situation
- Registered office
- 85 active companies are registered at this address7 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- Wholesale of construction materials, general rangeNACE 46831and 5 others
- Establishment unit
- 2.363.148.7411930 Zaventem, since 02-07-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 21-08-2025
Insights on CBMS
The computed 12-month bankruptcy probability of CBMS is 2.5% (moderate). The 2025 annual accounts show negative equity (-€9,378) and a net result of -€12,378.
Its solvency ranks better than 18% of 13,805 sector peers (NACE 46, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 26-08-2026, 26 days late-€10,880
-€11,874
-€12,378
-€9,378
-6.1%
0.94
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €153,052 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
-6.1%
Higher than 18% of 13,805 companies in 2025.
0.94
Higher than 25% of 13,186 companies in 2025.
-8.1%
Higher than 19% of 13,365 companies in 2025.
CBMS
Middle half of the sector
80% of the sector
Micro accounts in wholesale trade (NACE 46)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
153,052 | |
29/58 |
153,052 | |
3 |
111,969 | |
30/36 |
111,969 | |
40/41 |
35,163 | |
40 |
34,288 | |
41 |
875 | |
54/58 |
5,819 | |
490/1 |
102 | |
| Balance sheet: equity and liabilities | ||
10/49 |
153,052 | |
10/15 |
-9,378 | |
10/11 |
3,000 | |
14 |
-12,378 | |
17/49 |
162,430 | |
42/48 |
162,430 | |
44 |
34,696 | |
440/4 |
34,696 | |
45 |
1,000 | |
450/3 |
1,000 | |
47/48 |
126,734 | |
| Income statement | ||
9900 |
-10,880 | |
630 |
991 | |
640/8 |
3 | |
9901 |
-11,874 | |
75/76B |
0 | |
75 |
0 | |
65/66B |
504 | |
65 |
504 | |
9903 |
-12,378 | |
9904 |
-12,378 | |
9905 |
-12,378 | |
| Appropriation of the result | ||
9906 |
-12,378 | |
| Document | ||
The notes to these accounts have 1 item. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 26-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 26 days after the deadline. Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00492385.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 26-08-2026 | 2026-00492385 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| -10,883 | ||
| -11,387 | ||
| -9,378 | ||
| -6.1% | ||
| 0.94 | ||
| 0.25 | ||
| -8.1% | ||
| -21.58 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
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.
Insights on CBMS
Equity is negative. Debt (€162,430) exceeds the balance-sheet total (€153,052).
Board & ownership
Board
1 director, since incorporationDirector (not named in the articles)
appointed by deed of 04-07-2024
term without a fixed end
Mandates through the years
1 name, the dashed line is todayTAS, Murat
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- TAS, Murat
- Director (not named in the articles), appointed by deed of 04-07-2024, still in office
Control
Capital
- Contribution
- €3,000
- Source
- deed of 04-07-2024
Articles of association
deed of 04-07-2024 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager helft kopers naar evenredigheid, overdracht van aandelen”
- Share issue ruleThe articles set how and by whom new shares are issued.
- “Inbreng in geld met uitgifte nieuwe aandelen, ten minste vijftien (15) dagen vanaf dag openstelling intekening”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 18:00
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
- No statutory auditor
Shareholders
Stated in the deed
deed of 31-12-2024 ↗
- Murat Tas 40%
- Hakan Bahadir Bahat 60%
At incorporation
deed of 04-07-2024 ↗
- BAHAT,Hakan Bahadir founder
- TAS, Murat founder
Network & group
No group
CBMS has no parent and no holdings in its annual accounts. TAS, Murat is the only director. CBMS shares no director with another company.
At the same address
Excelsiorlaan 31, 1930 Zaventem · 84 other companies| DE STER TRADE AND INVESTMENT
registered office since 01-09-1977 · founded in 1977 |
4.9 FTE (2025) 0417.574.211 |
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registered office since 20-05-2019 · founded in 2019 |
total assets €1.5m (2024) 0726.913.941 |
| OFIX
registered office since 08-06-2018 · founded in 2018 |
total assets €1.3m (2025) 0697.763.263 |
| BEHU
registered office since 16-02-2020 · founded in 2020 |
total assets €722,372 (2023) 0743.680.687 |
| European Trade and Investment
registered office since 03-08-2020 · founded in 2020 · negative equity (2025) |
total assets €674,177 (2025) 0751.733.271 |
| LEDABEL
registered office since 03-03-2022 · founded in 2022 |
total assets €580,983 (2025) 0782.847.012 |
| MFT BELGIUM
registered office since 28-04-2017 · founded in 2017 |
total assets €526,422 (2023) 0674.961.830 |
| MIM CONSTRUCTION
registered office since 20-10-2022 · founded in 2022 · negative equity (2025) |
total assets €470,074 (2025) 0792.689.542 |
| ATASAY
registered office since 03-06-2019 · founded in 2019 · negative equity (2025) |
total assets €438,518 (2025) 0727.711.915 |
| ESDOORN TM SERVICE
registered office since 05-01-2017 · founded in 2017 |
total assets €248,166 (2025) 0668.800.053 |
Timeline
Timeline
5 events since 2024Capital
Filings
Establishments
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 26 days late
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1011053467
2024
Murat Tas holds 40% of the sharesHakan Bahadir Bahat holds 60% of the shares · Board meeting of 18-10-20243 points ▸
- Board meeting, 18-10-2024
- Murat Tas holds 40% of the shares
- Hakan Bahadir Bahat holds 60% of the shares
- The deed holds 3 more points.
IncorporationFounding capital of €3,000 · Founders: BAHAT, Hakan Bahadir; TAS, Murat · Appointment: TAS, Murat (director) · published on 04-07-20246 points ▸
- Founder, BAHAT, Hakan Bahadir
- Founder, TAS, Murat
- Founding capital, €3,000
- 100 shares
- Board rule, 1
- Director appointment, TAS, Murat (director (not named in the articles))
- The deed holds 4 more points.
First establishment Excelsiorlaan 31, Zaventem
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 2 July 2024, CBMS was incorporated as a private limited company by two natural persons, with a starting capital of €3,000.12 TAS, Murat is director of the company, appointed by deed of 04-07-2024.2 The company has filed annual accounts once, for financial year 2025.3
Company details
Identity
- Enterprise number
- 1011.053.467
- VAT number
- BE 1011.053.467
- Peppol ID
- 0208:1011053467
- Other Peppol ID
- 9925:BE1011053467
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 02-07-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 18:00deed of 04-07-2024 (in Dutch)
- Peppol
- Reachable since 21-08-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- CBMS in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 04-07-2024 (in Dutch)
Activities
NACEBEL 202546831
Wholesale of construction materials, general range main activity
47529
Retail trade
Codes under NACEBEL 2008
46731
Wholesale trade main activity
23490
Manufacture of other non-metallic mineral products
28130
Manufacture of machinery and equipment not elsewhere classified
41201
General construction of buildings
43995
Specialised construction activities
47529
Retail trade
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Optreden als tussenpersoon bij de assemblage,aankoop en verkoop,import en export,groothandel en detailhandel,verhuur,onderhoud en reparatie…”deed of 04-07-2024 (in Dutch)
39 activities
- Optreden als tussenpersoon bij de assemblage,aankoop en verkoop,import en export,groothandel en detailhandel,verhuur,onderhoud en reparatie van alle soorten waterpompen en waterfilters.
- Handel in en verhuur van nieuwe en gebruikte bouwmachines (zoals heftrucks,graafmachines,enz.),voertuigen en gereedschappen.
- Handel en verhuur van nieuwe en gebruikte commerciële personenauto's,vrachtwagens en andere machines.
- Verhuur van gereedschapsmachines en doe-het-zelf apparatuur.
- Verhuur en operationele leasing,zonder bedienend personeel,van stroomgeneratoren,motoren,turbines,compressoren en gereedschapsmachines.
- E-commerce en groothandelsactiviteiten.
- Ontwikkeling,implementatie en onderhoud van e-commerce platforms.
- Import-export activiteiten.
- Aankoop,distributie en verkoop van alle soorten consumptiegoederen via diverse verkoopmethoden,inclusief maar niet beperkt tot directe verkoop zoals e-commerce,online postorder,huis-aan-huis verkoop,telemarketing en andere.
- Aankoop,onderhoud en verkoop van technologische apparatuur,inclusief computers en UPS-systemen.
- Distributie en verkoop van consumptiegoederen van alle soorten en namen via diverse verkoopmethoden,inclusief e-commerce.
- Ontwerp,productie,reparatie en verkoop van diverse soorten waterpompen.
- Bouw,ontwerp en verkoop van woongebouwen.
- Projectie,ontwerp,verwerking en verkoop van porseleinen keukenbladen in verschillende maten.
- Ontwerpen en verwerken van werkplaatsen voor het snijden van porseleinen tegels voor diverse doeleinden.
- Architectonisch en technisch ontwerp,landschapsontwerp,stedenbouw en bouwtoezicht.
- Advies in de gebieden architectuur,technologie en landschap.
- Installatie van zonne-energiesystemen.
- Installatie en onderhoud van waterzuiveringssystemen.
- Installatie van waterstofsystemen.
- Elektrische installatiewerkzaamheden in gebouwen,met name de installatie en het onderhoud van zonnepanelen.
- Onderhoud en reparatie van mechanische systemen ten behoeve van derden.
- Installatie van elektrische bedrading en accessoires.
- Aanbrengen van thermisch isolatiemateriaal,geluids- en trillingsisolatie,machine-isolatie (geluidsreductie) en algemene bouwinstallaties.
- Overige afwerkingswerkzaamheden aan gebouwen,niet elders geclassificeerd (n.e.c.).
- Onderhoud en reparatie van machines,inclusief bouwmachines,rijdende auto's,sporen,landbouw- en bosbouwmachines.
- Onderhoud en reparatie van metalen producten.
- Ontruimen van bouwterreinen.
- Handelsbemiddeling in machines voor de bouwindustrie.
- Groothandel in andere machines en gereedschappen,niet elders geclassificeerd (n.e.c.).
- Detailverkoop van hardware en gereedschappen in gespecialiseerde winkels.
- Detailverkoop van andere bouwmaterialen in gespecialiseerde winkels.
- Reclame- en marketingdiensten.
- Ontwerpen en uitvoeren van reclame- en promotiecampagnes voor derden via diverse media.
- Verstrekken van commercieel advies.
- Verstrekken van bedrijfsadvies.
- Investeren in onroerend goed.
- Renovatie en restauratie van diverse gebouwen.
- Gezondheidstoerisme activiteiten.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Excelsiorlaan 31 registered office 1930 Zaventem | 02-07-2024 | 2.363.148.741 |
Buildings and parcels at the address
- Ground area
- 1,858 m²
- Buildings
- 596 m²
- Volume, LiDAR
- 4,741 m³
- Tallest building
- 13.3 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 23094D0045/00P003 | 1,858 m² | 1 · 596 m² | 13.3 m · 3 |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1011.053.467