CD
ActiveSummary
CD has been active since 1968 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €970,824 and a net result of €253,691. Equity is growing by ~14.9% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability89▲+12
Solvency88▼-12
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80,000 at 30 days acceptable
Liquidity ample (current ratio 2.84 against 4.36 in 2024; short-term debt: 13.5% and cash: 28.4% of total assets), and 37% of the assets are financed with debt.
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Signals
Four 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
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
63%
Return on assets
16.5%
Age of the figures
9 mo
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 04-06-2026, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
57 d early
2024
50 d early
2023
50 d early
2022
47 d early
2021
53 d early
2020
57 d early
2019
51 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 52 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€970,824▲ 34.7%
2024 · €720,520
Total assets
€1.5m▲ 63.7%
2024 · €941,036
Net result
€253,691▲ 313%
2024 · €61,477
Working capital
€381,954▲ 174%
2024 · €139,223
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€411,221▲ 1,064%€31,916▼ 92.2%€74,155▲ 132%€97,343▲ 31.3%€387,948▲ 299%
Net result€264,412▲ 2,222%€17,035▼ 93.6%€45,531▲ 167%€61,477▲ 35.0%€253,691▲ 313%
Equity€631,478▲ 72.0%€633,513▲ 0.3%€673,044▲ 6.2%€720,520▲ 7.1%€970,824▲ 34.7%
Total assets€1.3m▲ 25.7%€949,764▼ 25.9%€928,209▼ 2.3%€941,036▲ 1.4%€1.5m▲ 63.7%
Debt€635,785▼ 0.1%€303,792▼ 52.2%€244,486▼ 19.5%€211,617▼ 13.4%€562,638▲ 166%
Working capital€89,189€112,660▲ 26.3%€74,564▼ 33.8%€139,223▲ 86.7%€381,954▲ 174%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 299% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€950,883 ▲ 25.1%
Current assets
€589,698 ▲ 226%
Equity and liabilities €1.5m
Equity
€970,824 ▲ 34.7%
Provisions
€7,119 ▼ 20.0%
Debt
€562,638 ▲ 166%
Debt's share of the balance-sheet total rises from 22.5% to 36.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€434,205▲
2024 · €141,359
Cash flow
€299,949▲
2024 · €105,493
Current ratio
2.84▼
2024 · 4.36
Debt to equity
0.58▲
2024 · 0.29
ROE
26.1%▲
2024 · 8.5%
ROA
16.5%▲
2024 · 6.5%
Interest coverage
36.02▲
2024 · 18.28
Debt ≤ 1 year
€207,744▲
2024 · €41,495
Debt > 1 year
€352,089▲
2024 · €167,982
Income taxes
€127,148▲
2024 · €31,660
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57,430 | €73,140 | €41,859 | €44,016 | €46,257 | ▲ 5.1% |
| Other operating charges640/8 | €14,852 | €14,428 | €15,239 | €15,787 | €16,450 | ▲ 4.2% |
| Gross operating margin9900 | €483,503 | €119,483 | €131,253 | €157,146 | €450,655 | ▲ 187% |
| Operating profit (loss)9901 | €411,221 | €31,916 | €74,155 | €97,343 | €387,948 | ▲ 299% |
| Financial income75/76B | €84 | €46 | €28 | €1,749 | €3,168 | ▲ 81.1% |
| Recurring financial income75 | €84 | €46 | €28 | €1,749 | €3,168 | ▲ 81.1% |
| Financial charges65/66B | €18,607 | €5,655 | €5,121 | €7,735 | €12,056 | ▲ 55.9% |
| Recurring financial charges65 | €18,607 | €5,655 | €5,121 | €7,735 | €12,056 | ▲ 55.9% |
| Profit (loss) for the period before taxes9903 | €392,698 | €26,306 | €69,062 | €91,357 | €379,060 | ▲ 315% |
| Transfer from deferred taxes780 | €1,780 | €1,780 | €1,780 | €1,780 | €1,780 | = |
| Income taxes67/77 | €130,066 | €11,051 | €25,311 | €31,660 | €127,148 | ▲ 302% |
| Profit (loss) for the period9904 | €264,412 | €17,035 | €45,531 | €61,477 | €253,691 | ▲ 313% |
| Transfer from tax-exempt reserves789 | €5,340 | €5,340 | €5,340 | €5,340 | €5,340 | = |
| Profit (loss) for the period to be appropriated9905 | €269,752 | €22,374 | €50,870 | €66,816 | €259,031 | ▲ 288% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €949,764 | €928,209 | €941,036 | €1.5m | ▲ 63.7% |
| Fixed assets21/28 | €811,770 | €760,181 | €807,471 | €760,318 | €950,883 | ▲ 25.1% |
| Tangible fixed assets22/27 | €810,858 | €759,270 | €806,560 | €759,406 | €949,972 | ▲ 25.1% |
| Land and buildings22 | €810,677 | €757,559 | €805,475 | €758,948 | €946,327 | ▲ 24.7% |
| Furniture and vehicles24 | €182 | €1,711 | €1,085 | €459 | €3,645 | ▲ 695% |
| Financial fixed assets28 | €912 | €912 | €912 | €912 | €912 | = |
| Current assets29/58 | €469,732 | €189,583 | €120,738 | €180,719 | €589,698 | ▲ 226% |
| Amounts receivable within one year40/41 | €617 | €681 | €93 | €125 | - | - |
| Trade receivables40 | €256 | - | - | - | - | - |
| Other amounts receivable41 | €361 | €681 | €93 | €125 | - | - |
| Current investments50/53 | - | - | - | €138,553 | €150,063 | ▲ 8.3% |
| Cash at bank and in hand54/58 | €466,433 | €171,820 | €114,351 | €39,552 | €437,961 | ▲ 1,007% |
| Deferred charges and accrued income490/1 | €2,682 | €17,082 | €6,294 | €2,489 | €1,674 | ▼ 32.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €949,764 | €928,209 | €941,036 | €1.5m | ▲ 63.7% |
| Equity10/15 | €631,478 | €633,513 | €673,044 | €720,520 | €970,824 | ▲ 34.7% |
| Contributions10/11 | €30,000 | €30,000 | €37,500 | €37,500 | €37,500 | = |
| Reserves13 | €601,478 | €603,513 | €635,544 | €683,020 | €933,324 | ▲ 36.6% |
| Non-distributable reserves130/1 | €7,500 | €7,500 | - | - | - | - |
| Reserves not available under the articles1311 | €7,500 | €7,500 | - | - | - | - |
| Tax-exempt reserves132 | €47,005 | €41,665 | €36,326 | €30,986 | €25,647 | ▼ 17.2% |
| Distributable reserves133 | €546,973 | €554,347 | €599,218 | €652,034 | €907,677 | ▲ 39.2% |
| Provisions and deferred taxes16 | €14,239 | €12,459 | €10,679 | €8,899 | €7,119 | ▼ 20.0% |
| Deferred taxes168 | €14,239 | €12,459 | €10,679 | €8,899 | €7,119 | ▼ 20.0% |
| Amounts payable17/49 | €635,785 | €303,792 | €244,486 | €211,617 | €562,638 | ▲ 166% |
| Amounts payable after more than one year17 | €254,592 | €226,219 | €197,352 | €167,982 | €352,089 | ▲ 110% |
| Financial debts170/4 | €254,592 | €226,219 | €197,352 | €167,982 | €352,089 | ▲ 110% |
| Amounts payable within one year42/48 | €380,543 | €76,923 | €46,174 | €41,495 | €207,744 | ▲ 401% |
| Current portion of amounts payable after more than one year42 | €27,887 | €28,372 | €28,867 | €29,371 | €37,091 | ▲ 26.3% |
| Trade debts44 | €72 | €3,512 | - | €987 | €12,360 | ▲ 1,152% |
| Suppliers440/4 | €72 | €3,512 | - | €987 | €12,360 | ▲ 1,152% |
| Taxes, remuneration and social security45 | €52,585 | €45,038 | €17,307 | €11,138 | €96,748 | ▲ 769% |
| Taxes450/3 | €52,585 | €45,038 | €17,307 | €11,138 | €96,748 | ▲ 769% |
| Other amounts payable47/48 | €300,000 | - | - | - | €61,545 | - |
| Accrued charges and deferred income492/3 | €650 | €650 | €960 | €2,140 | €2,805 | ▲ 31.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €264,412 | €17,035 | €45,531 | €61,477 | €253,691 | ▲ 313% |
| + Depreciation and write-downs630 | €57,430 | €73,140 | €41,859 | €44,016 | €46,257 | ▲ 5.1% |
| Operating cash flow (approximation) | €321,843 | €90,175 | €87,390 | €105,493 | €299,949 | ▲ 184% |
| Investment in fixed assets (approximation) | - | -€21,551 | -€89,149 | €3,137 | -€236,823 | ▼ 7,650% |
| Change in cash | - | -€294,613 | -€57,469 | -€74,800 | €398,409 | ▲ 633% |
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
04-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
11-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
14-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €264,412 ▲2,222%
Operating result €411,221, net result €264,412, both a record.
31-12
Financial
Liquidity times 5current ratio 1.23
Current ratio from 0.26 to 1.23.
31-12
Financial
Equity above €500,000Eq €631,478 ▲72%
3 profitable years in a row build equity to €631,478.
04-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
10-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €30,692
Net result €30,692 after one loss-making year.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
06-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Oud-Turnhout · 1 establishment unit since 1939
Ground area
1,761 m²
Building footprint
233 m²
Volume, LiDAR
1,042 m³
Parcel 13482F1109/00E002, Flanders · tallest building 12.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CD
since 19392.003.278.246
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13482F1109/00E002 | Flanders | 1,761 m² | 1 · 233 m² | 12.1 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded01-01-1968
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.