CC PLAN
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 5 days after the deadline Filed on 5 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00104415.
Annual accounts 2025 filed on 05-05-2026 PDF all 15 filings
Turnover
≈ €100,000
Estimated: probably between €43,000 and €250,000
Total assets
€233,259▼ 6.0%
2024 · €248,132
Net result
€16,296▲ 50×
2024 · €328
Working capital
€96,450▲ 35.1%
2024 · €71,381
Multi-year overview
2019 to 2025, 7 financial yearsOperating result
€14,499
▼ 80.1%
2025
20192025
Net result
€16,296
▲ 50×
2025
middle half of the sector
20192025
Equity
€113,856
▲ 16.7%
2025
middle half of the sector
20192025
Total assets
€233,259
▼ 6.0%
2025
lowest quarter of the sector
20192025
Debt
€119,403
▼ 20.7%
2025
20192025
Working capital
€96,450
▲ 35.1%
2025
middle half of the sector
20192025
Solvency
48.8%
▲ 9.5pp
2025
middle half of the sector
20192025
Current ratio
1.85
▲ 0.33
2025
middle half of the sector
20192025
Return on assets (ROA)
7.0%
▲ 6.9pp
2025
middle half of the sector
20192025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2019202020212022202320242025
Operating result€37,253-€23,783▼ 36.2%€9,724▼ 59.1%€110,009▲ 11×€85,265▼ 22.5%€72,874▼ 14.5%€14,499▼ 80.1%
Net result€25,776-€14,479within the sector's middle half▼ 43.8%€2,911below the sector's middle half▼ 79.9%€44,393within the sector's middle half▲ 15×€26,156within the sector's middle half▼ 41.1%€328below the sector's middle half▼ 98.7%€16,296within the sector's middle half▲ 50×
Equity€76,293-€90,772below the sector's middle half▲ 19.0%€93,683below the sector's middle half▲ 3.2%€96,076below the sector's middle half▲ 2.6%€122,232within the sector's middle half▲ 27.2%€97,560below the sector's middle half▼ 20.2%€113,856within the sector's middle half▲ 16.7%
Total assets€133,999-€153,576below the sector's middle half▲ 14.6%€159,600below the sector's middle half▲ 3.9%€210,354below the sector's middle half▲ 31.8%€229,677below the sector's middle half▲ 9.2%€248,132below the sector's middle half▲ 8.0%€233,259below the sector's middle half▼ 6.0%
Debt€57,706-€62,804▲ 8.8%€65,917▲ 5.0%€114,278▲ 73.4%€107,445▼ 6.0%€150,572▲ 40.1%€119,403▼ 20.7%
Working capital€64,081-€74,647within the sector's middle half▲ 16.5%€75,488within the sector's middle half▲ 1.1%€66,276within the sector's middle half▼ 12.2%€100,298within the sector's middle half▲ 51.3%€71,381within the sector's middle half▼ 28.8%€96,450within the sector's middle half▲ 35.1%
Solvency56.9%-59.1%within the sector's middle half▲ 2.2pp58.7%within the sector's middle half▼ 0.4pp45.7%within the sector's middle half▼ 13.0pp53.2%within the sector's middle half▲ 7.5pp39.3%within the sector's middle half▼ 13.9pp48.8%within the sector's middle half▲ 9.5pp
Current ratio2.51-2.43within the sector's middle half▼ 0.092.22within the sector's middle half▼ 0.201.58within the sector's middle half▼ 0.641.94within the sector's middle half▲ 0.361.52within the sector's middle half▼ 0.421.85within the sector's middle half▲ 0.33
Return on assets (ROA)19.2%-9.4%within the sector's middle half▼ 9.8pp1.8%within the sector's middle half▼ 7.6pp21.1%above the sector's middle half▲ 19.3pp11.4%within the sector's middle half▼ 9.7pp0.1%below the sector's middle half▼ 11.3pp7.0%within the sector's middle half▲ 6.9pp
above
within
below
The sector band is the middle half of the companies in Activities of head offices; management consultancy activities (NACE 70). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 80% lower than in 2024. It is the third fall in a row.
Turnover and EBIT margin are not published. The abbreviated format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €233,259
Fixed assets
€22,887 ▼ 42.2%
Current assets
€210,372 ▲ 0.9%
Equity and liabilities €233,259
Equity
€113,856 ▲ 16.7%
Debt
€119,403 ▼ 20.7%
Debt's share of the balance-sheet total falls from 60.7% to 51.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€23,913▼
2024 · €82,829
Cash flow
€25,710▲
2024 · €10,283
Debt to equity
1.05▼
2024 · 1.54
ROE
14.3%▲
2024 · 0.3%
Interest coverage
11.05▲
2024 · 1.17
Debt ≤ 1 year
€113,922▼
2024 · €137,139
Debt > 1 year
€5,228▼
2024 · €8,337
Income taxes
€7,110▲
2024 · €1,899
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2021 | 30-09-2022 | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €1,236 | €19,044 | €6,210 | €26,676 | - |
| Depreciation and write-downs of the year | €5,419 | €11,075 | €5,482 | €9,955 | €9,414 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,387 | €5,814 | €5,419 | €11,075 | €5,482 | €9,955 | €9,414 | ▼ 5.4% |
| Other operating charges640/8 | - | - | €4,039 | €1,241 | €779 | €1,354 | €795 | ▼ 41.3% |
| Gross operating margin9900 | €47,185 | €33,126 | €19,182 | €122,326 | €91,526 | €84,183 | €24,708 | ▼ 70.6% |
| Operating profit (loss)9901 | €37,253 | €23,783 | €9,724 | €110,009 | €85,265 | €72,874 | €14,499 | ▼ 80.1% |
| Financial income75/76B | - | - | €293 | €897 | €10,962 | €0 | €12,108 | ▲ 302,696× |
| Recurring financial income75 | €131 | - | €293 | €897 | €10,962 | €0 | €7,175 | ▲ 179,370× |
| Non-recurring financial income76B | - | - | - | - | €10,962 | - | €4,933 | - |
| Financial charges65/66B | - | - | €467 | €49,240 | €59,335 | €70,647 | €3,201 | ▼ 95.5% |
| Recurring financial charges65 | €341 | €847 | €467 | €49,240 | €59,335 | €70,647 | €2,165 | ▼ 96.9% |
| Non-recurring financial charges66B | - | - | - | - | - | - | €1,036 | - |
| Profit (loss) for the period before taxes9903 | €37,043 | €22,936 | €9,550 | €61,666 | €36,891 | €2,227 | €23,406 | ▲ 951% |
| Income taxes67/77 | €11,267 | €8,457 | €6,639 | €17,273 | €10,735 | €1,899 | €7,110 | ▲ 274% |
| Profit (loss) for the period9904 | €25,776 | €14,479 | €2,911 | €44,393 | €26,156 | €328 | €16,296 | ▲ 50× |
| Profit (loss) for the period to be appropriated9905 | €25,776 | €14,479 | €2,911 | €44,393 | €26,156 | €328 | €16,296 | ▲ 50× |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €133,999 | €153,576 | €159,600 | €210,354 | €229,677 | €248,132 | €233,259 | ▼ 6.0% |
| Fixed assets21/28 | €27,603 | €26,602 | €22,418 | €30,387 | €22,892 | €39,612 | €22,887 | ▼ 42.2% |
| Tangible fixed assets22/27 | €19,819 | €18,818 | €14,635 | €22,603 | €15,108 | €31,829 | €20,941 | ▼ 34.2% |
| Land and buildings22 | - | - | €2,562 | €2,050 | €1,549 | €1,049 | €548 | ▼ 47.7% |
| Plant, machinery and equipment23 | - | - | €8,283 | €6,399 | €4,796 | €14,715 | €11,518 | ▼ 21.7% |
| Furniture and vehicles24 | - | - | €3,790 | €14,155 | €8,763 | €16,065 | €8,875 | ▼ 44.8% |
| Financial fixed assets28 | €7,784 | €7,784 | €7,784 | €7,784 | €7,784 | €7,784 | €1,946 | ▼ 75.0% |
| Current assets29/58 | €106,396 | €126,974 | €137,182 | €179,967 | €206,785 | €208,520 | €210,372 | ▲ 0.9% |
| Amounts receivable after more than one year29 | - | - | - | - | €80,000 | €80,000 | €80,000 | = |
| Other amounts receivable291 | - | - | - | - | €80,000 | €80,000 | €80,000 | = |
| Amounts receivable within one year40/41 | €25,367 | €88,791 | €118,873 | €176,601 | €119,578 | €124,441 | €126,876 | ▲ 2.0% |
| Trade receivables40 | - | - | €84,171 | €131,170 | €107,713 | €103,399 | €112,366 | ▲ 8.7% |
| Other amounts receivable41 | - | - | €34,702 | €45,431 | €11,865 | €21,042 | €14,510 | ▼ 31.0% |
| Cash at bank and in hand54/58 | €79,045 | €33,607 | €15,179 | €1,686 | €759 | - | - | - |
| Deferred charges and accrued income490/1 | - | - | €3,129 | €1,680 | €6,448 | €4,079 | €3,496 | ▼ 14.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €133,999 | €153,576 | €159,600 | €210,354 | €229,677 | €248,132 | €233,259 | ▼ 6.0% |
| Equity10/15 | €76,293 | €90,772 | €93,683 | €96,076 | €122,232 | €97,560 | €113,856 | ▲ 16.7% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €70,093 | €84,572 | €87,483 | €89,876 | €116,032 | €91,360 | €107,656 | ▲ 17.8% |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | €85,623 | €88,016 | €116,032 | €91,360 | €107,656 | ▲ 17.8% |
| Amounts payable17/49 | €57,706 | €62,804 | €65,917 | €114,278 | €107,445 | €150,572 | €119,403 | ▼ 20.7% |
| Amounts payable after more than one year17 | €15,262 | €9,783 | €4,223 | €587 | - | €8,337 | €5,228 | ▼ 37.3% |
| Financial debts170/4 | - | - | €4,223 | €587 | - | €8,337 | €5,228 | ▼ 37.3% |
| Amounts payable within one year42/48 | €42,315 | €52,326 | €61,694 | €113,691 | €106,487 | €137,139 | €113,922 | ▼ 16.9% |
| Current portion of amounts payable after more than one year42 | - | - | €12,247 | €11,222 | €587 | €2,968 | €9,883 | ▲ 233% |
| Financial debts43 | - | - | - | - | - | €200 | €202 | ▲ 1.2% |
| Credit institutions430/8 | - | - | - | - | - | €200 | €202 | ▲ 1.2% |
| Trade debts44 | €7,141 | €11,444 | €25,624 | €38,259 | €42,146 | €17,926 | €33,294 | ▲ 85.7% |
| Suppliers440/4 | - | - | €25,624 | €38,259 | €42,146 | €17,926 | €33,294 | ▲ 85.7% |
| Taxes, remuneration and social security45 | - | - | €23,822 | €22,211 | €39,142 | €35,261 | €2,143 | ▼ 93.9% |
| Taxes450/3 | - | - | €23,822 | €22,211 | €39,142 | €35,261 | €2,143 | ▼ 93.9% |
| Other amounts payable47/48 | - | - | - | €42,000 | €24,613 | €80,784 | €68,400 | ▼ 15.3% |
| Accrued charges and deferred income492/3 | - | - | - | - | €958 | €5,097 | €253 | ▼ 95.0% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,776 | €14,479 | €2,911 | €44,393 | €26,156 | €328 | €16,296 | ▲ 50× |
| + Depreciation and write-downs630 | €6,387 | €5,814 | €5,419 | €11,075 | €5,482 | €9,955 | €9,414 | ▼ 5.4% |
| Operating cash flow (approximation) | €32,163 | €20,293 | €8,331 | €55,468 | €31,638 | €10,283 | €25,710 | ▲ 150% |
| Investment in fixed assets (approximation) | - | -€4,813 | -€1,236 | -€19,044 | €2,013 | -€26,676 | €7,312 | - |
| Change in cash | - | -€45,439 | -€18,427 | -€13,493 | -€927 | - | - | - |
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, 34,693 companies had the same profile as CC PLAN has now. Two years later, 95.3% were still going and 0.7% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.3%
was still going
3.9%
stopped otherwise
0.7%
went bankrupt
That fits the bankruptcy probability of CC PLAN itself: 0.3% 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 34,693 companies, not a prediction for CC PLAN. 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 15 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 05-05-2026 | 2026-00104415 | |
| 30-09-2024 | abbreviated format | 06-05-2025 | 2025-00090394 | |
| 30-09-2023 | abbreviated format | 29-04-2024 | 2024-00081324 | |
| 30-09-2022 | abbreviated format | 28-04-2023 | 2023-00077969 | |
| 30-09-2021 | abbreviated format | 29-04-2022 | 2022-20020181 | |
| 30-09-2020 | abbreviated format | 29-04-2021 | 2021-12200558 | |
| 30-09-2019 | abbreviated format | 30-04-2020 | 2020-11100219 | |
| 30-09-2018 | abbreviated format | 08-04-2019 | 2019-09500572 | |
| 30-09-2017 | abbreviated format | 13-04-2018 | 2018-09900587 | |
| 30-09-2016 | abbreviated format | 12-05-2017 | 2017-11900251 |