CC4 GROUP
ActiveSummary
CC4 GROUP has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €167,377 and a net result of -€2,890. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 37% of 19374 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68▲+27
Solvency41▼-1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity short (current ratio 0.65 against 0.27 in 2023; short-term debt: 9.1% and cash: 0.5% of total assets), and 84% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
16%
Return on assets
-0.3%
Age of the figures
21 mo
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€2,890
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-09-2025, 41 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d late
2023
20 d late
2022
30 d late
2021
31 d late
2020
118 d late
2019
151 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 65 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Equity
€167,377▼ 1.7%
2023 · €170,267
Total assets
€1.0m▲ 2.3%
2023 · €1.0m
Net result
-€2,890▲ 66.6%
2023 · -€8,648
Working capital
-€33,159▲ 26.4%
2023 · -€45,074
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€24,791▲ 164%€17,180▼ 30.7%€17,082▼ 0.6%€9,574▼ 44.0%-€2,799
Net result€4,779within the sector's middle half▲ 515%€5,459within the sector's middle half▲ 14.2%-€4,981within the sector's middle half-€8,648within the sector's middle half▼ 73.6%-€2,890within the sector's middle half▲ 66.6%
Equity€178,437within the sector's middle half▲ 2.8%€183,896within the sector's middle half▲ 3.1%€178,915within the sector's middle half▼ 2.7%€170,267within the sector's middle half▼ 4.8%€167,377within the sector's middle half▼ 1.7%
Total assets€1.1mwithin the sector's middle half▼ 5.9%€1.1mabove the sector's middle half▲ 4.6%€1.1mwithin the sector's middle half▼ 3.7%€1.0mwithin the sector's middle half▼ 3.9%€1.0mwithin the sector's middle half▲ 2.3%
Debt€879,719▼ 7.5%€922,754▲ 4.9%€886,562▼ 3.9%€854,098▼ 3.7%€880,889▲ 3.1%
Working capital-€46,005within the sector's middle half▲ 12.0%-€46,641within the sector's middle half▼ 1.4%-€30,579within the sector's middle half▲ 34.4%-€45,074within the sector's middle half▼ 47.4%-€33,159within the sector's middle half▲ 26.4%
Solvency16.9%within the sector's middle half▲ 1.4pp16.6%within the sector's middle half▼ 0.2pp16.8%within the sector's middle half▲ 0.2pp16.6%within the sector's middle half▼ 0.2pp16.0%within the sector's middle half▼ 0.7pp
Current ratio0.44within the sector's middle half▼ 0.160.51within the sector's middle half▲ 0.070.54within the sector's middle half▲ 0.030.27below the sector's middle half▼ 0.270.65within the sector's middle half▲ 0.38
Return on assets (ROA)0.5%within the sector's middle half▲ 0.4pp0.5%within the sector's middle half=-0.5%within the sector's middle half▼ 1.0pp-0.8%within the sector's middle half▼ 0.4pp-0.3%within the sector's middle half▲ 0.6pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €2,799 after €9,574 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.0m
Fixed assets
€985,529 ▼ 2.2%
Current assets
€62,737 ▲ 277%
Equity and liabilities €1.0m
Equity
€167,377 ▼ 1.7%
Debt
€880,889 ▲ 3.1%
Debt's share of the balance-sheet total rises from 83.4% to 84.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€40,097▼
2023 · €50,106
Cash flow
€40,006▲
2023 · €31,884
Debt to equity
5.26▲
2023 · 5.02
ROE
-1.7%▲
2023 · -5.1%
Interest coverage
441.31▲
2023 · 2.75
Debt ≤ 1 year
€95,896▲
2023 · €61,729
Debt > 1 year
€784,993▼
2023 · €792,369
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,507 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a small loss
1.6%
went bankrupt
1.8%
stopped otherwise
96%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,507 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,401 | €25,436 | €39,202 | €40,532 | €42,896 | ▲ 5.8% |
| Other operating charges640/8 | - | €3,647 | €868 | €6,477 | €6,317 | ▼ 2.5% |
| Gross operating margin9900 | €65,239 | €46,264 | €57,151 | €56,583 | €46,414 | ▼ 18.0% |
| Operating profit (loss)9901 | €24,791 | €17,180 | €17,082 | €9,574 | -€2,799 | ▼ 129% |
| Financial charges65/66B | - | €11,722 | €22,063 | €18,222 | €91 | ▼ 99.5% |
| Recurring financial charges65 | €20,013 | €11,722 | €22,063 | €18,222 | €91 | ▼ 99.5% |
| Profit (loss) for the period before taxes9903 | €4,779 | €5,459 | -€4,981 | -€8,648 | -€2,890 | ▲ 66.6% |
| Profit (loss) for the period9904 | €4,779 | €5,459 | -€4,981 | -€8,648 | -€2,890 | ▲ 66.6% |
| Profit (loss) for the period to be appropriated9905 | €4,779 | €5,459 | -€4,981 | -€8,648 | -€2,890 | ▲ 66.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | ▲ 2.3% |
| Fixed assets21/28 | €1.0m | €1.1m | €1.0m | €1.0m | €985,529 | ▼ 2.2% |
| Intangible fixed assets21 | €767 | €767 | €767 | €767 | €767 | = |
| Tangible fixed assets22/27 | €1.0m | €1.1m | €1.0m | €1.0m | €984,761 | ▼ 2.2% |
| Land and buildings22 | - | €1.1m | €1.0m | €991,494 | €956,183 | ▼ 3.6% |
| Plant, machinery and equipment23 | - | €620 | - | €15,448 | €28,577 | ▲ 85.0% |
| Financial fixed assets28 | €1 | €1 | €1 | €1 | €1 | = |
| Current assets29/58 | €35,747 | €48,517 | €35,566 | €16,655 | €62,737 | ▲ 277% |
| Amounts receivable within one year40/41 | €23,010 | €33,955 | €21,266 | €3,200 | €57,706 | ▲ 1,703% |
| Trade receivables40 | - | €30,755 | €18,066 | - | €24,411 | - |
| Other amounts receivable41 | - | €3,200 | €3,200 | €3,200 | €33,295 | ▲ 940% |
| Cash at bank and in hand54/58 | €12,737 | €14,562 | €14,300 | €13,256 | €4,722 | ▼ 64.4% |
| Deferred charges and accrued income490/1 | - | - | - | €199 | €308 | ▲ 54.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €1.1m | €1.0m | €1.0m | ▲ 2.3% |
| Equity10/15 | €178,437 | €183,896 | €178,915 | €170,267 | €167,377 | ▼ 1.7% |
| Contributions10/11 | - | €24,393 | €24,393 | €24,393 | €24,393 | = |
| Revaluation surpluses12 | - | €262,700 | €262,700 | €262,700 | €262,700 | = |
| Profit (loss) carried forward14 | -€108,656 | -€103,197 | -€108,178 | -€116,826 | -€119,716 | ▼ 2.5% |
| Amounts payable17/49 | €879,719 | €922,754 | €886,562 | €854,098 | €880,889 | ▲ 3.1% |
| Amounts payable after more than one year17 | €797,967 | €827,597 | €820,417 | €792,369 | €784,993 | ▼ 0.9% |
| Financial debts170/4 | - | €587,889 | €540,384 | €491,321 | €446,063 | ▼ 9.2% |
| Other amounts payable178/9 | - | €239,708 | €280,033 | €301,048 | €338,930 | ▲ 12.6% |
| Amounts payable within one year42/48 | €81,752 | €95,158 | €66,145 | €61,729 | €95,896 | ▲ 55.3% |
| Current portion of amounts payable after more than one year42 | - | €43,220 | €47,214 | €54,506 | €45,258 | ▼ 17.0% |
| Trade debts44 | €21,154 | €51,938 | €18,931 | €7,223 | €637 | ▼ 91.2% |
| Suppliers440/4 | - | €51,938 | €18,931 | €7,223 | €637 | ▼ 91.2% |
| Other amounts payable47/48 | - | - | - | - | €50,000 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,779 | €5,459 | -€4,981 | -€8,648 | -€2,890 | ▲ 66.6% |
| + Depreciation and write-downs630 | €38,401 | €25,436 | €39,202 | €40,532 | €42,896 | ▲ 5.8% |
| Operating cash flow (approximation) | €43,179 | €30,895 | €34,221 | €31,884 | €40,006 | ▲ 25.5% |
| Investment in fixed assets (approximation) | - | -€61,160 | -€10,979 | -€18,332 | -€20,715 | ▼ 13.0% |
| Change in cash | - | €1,824 | -€262 | -€1,044 | -€8,533 | ▼ 717% |
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
2025
10-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 41 days late
2024
20-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-12
Financial
Weakest financial yearnet -€8,648
Net result drops to -€8,648, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Highest result since 2018net €5,459 ▲14.2%
Net result €5,459, the highest in the series.
26-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 118 days late
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 151 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
15-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 199 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 61 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
8 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, Rixensart
Ground area
1.5 ha
Parcel 25092B0039/00C000, Wallonia. Linked by address, not a title deed.
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25092B0039/00C000 | Wallonia | 1.5 ha | - | - |
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.
Similar companies · same sector, comparable size
RISE INVEST
BE 0770.930.759
Sint-Gillis (bij-Brussel) · Eq €167,414
IMMO V.A. BOURG
BE 0421.206.662
Kortrijk · Eq €167,454
BUSINESS CENTER LONDERZEEL
BE 0437.100.113
Elsene · Eq €167,709
Maison Wallonne Conciergerie
BE 0788.755.993
Liège · Eq €167,025
TDGC
BE 0634.814.025
Esneux · Eq €167,020
Of 9,145 companies in sector 68201 we hold annual accounts for 6,776. 4,694 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
Founded01-02-1988
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Reachable via Peppol
Peppol ID
9925:BE0433139048
Registered
22-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.