CD
Open bankruptcyA bankruptcy procedure is open for CD according to publications in the Belgian State Gazette; curator: ALI HEERMAN. The 2021 annual accounts show negative equity (€-41k) and a net result of €-12k.
Signals
Three signals.
+raises risk○neutral
Financials · fiscal year 2021, micro schema
Equity
€-41k▼ 43.9%
2020 · €-28k
2018: €-15k
2019: €-36k
2020: €-28k
2018 → 2021
Total assets
€193k▼ 43.1%
2020 · €339k
2018: €349k
2019: €352k
2020: €339k
2018 → 2021
Net result
€-12k▼ 271%
2020 · €-3k
2018: €-14k
2019: €-21k
2020: €-3k
2018 → 2021
Working capital
€101k▼ 11.3%
2020 · €114k
2018: €211k
2019: €193k
2020: €114k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€-15k-€-36k▼ 141%€-28k▲ 20.4%€-41k▼ 43.9%
Operating result€-13k-€-18k▼ 34.0%€12k€-12k
Net result€-14k-€-21k▼ 48.7%€-3k▲ 83.9%€-12k▼ 271%
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 2021: a loss of €12k after €12k in 2020.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €193k
Fixed assets
€7k▲ 6.5%
Current assets
€186k▼ 44.0%
Key figures and ratios
EBITDA
€-12k
Cash flow
€-12k
Solvency
-21.2%▼
2020 · -8.4%
Current ratio
2.20▲
2020 · 1.52
Quick ratio
2.20▲
2020 · 1.52
Debt / equity
-5.71▼
2020 · -5.24
ROA
-6.5%▼
2020 · -1.0%
Interest coverage
-39.54
Debt
€234k▼
2020 · €367k
Debt ≤ 1 year
€85k▼
2020 · €218k
Debt > 1 year
€149k=
2020 · €149k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2021 against 2020
Balance sheet
Code20202021
Assets
Total assets20/58€339k€193k▼
Fixed assets21/28€6k€7k▲
Tangible fixed assets22/27€6k€7k▲
Plant, machinery and equipment23-€865
Furniture and vehicles24-€6k
Financial fixed assets28€95€95=
Current assets29/58€333k€186k▼
Amounts receivable within one year40/41€290k€135k▼
Trade receivables40-€3k
Other amounts receivable41-€133k
Cash at bank and in hand54/58€42k€51k▲
Equity and liabilities
Total equity and liabilities10/49€339k€193k▼
Equity10/15€-28k€-41k▼
Contributions10/11€19k€19k=
Capital10-€19k
Issued capital100-€19k
Reserves13€12k€12k=
Tax-exempt reserves132-€2k
Distributable reserves133-€11k
Profit (loss) carried forward14€-59k€-72k▼
Amounts payable17/49€367k€234k▼
Amounts payable after more than one year17€149k€149k=
Financial debts170/4-€149k
Amounts payable within one year42/48€218k€85k▼
Current portion of amounts payable after more than one year42-€31k
Trade debts44€6k€16k▲
Suppliers440/4-€16k
Taxes, remuneration and social security45-€24k
Taxes450/3-€10k
Remuneration and social security454/9-€14k
Other amounts payable47/48-€14k
Income statement
Code20202021
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€270
Other operating charges640/8-€2k
Gross operating margin9900€12k€-10k▼
Operating profit (loss)9901€12k€-12k▼
Financial charges65/66B-€301
Recurring financial charges65€15k€301▼
Profit (loss) for the period before taxes9903€-3k€-12k▼
Profit (loss) for the period9904€-3k€-12k▼
Profit (loss) for the period to be appropriated9905€-3k€-12k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-72k
Profit (loss) brought forward from the previous period14P-€-59k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Gent · CD BV DRAPSTRAAT 96, 9810 NAZARETH-DE · event 01-04-2025
2022
07-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 129 days late
2021
30-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 91 days late
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
02-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 307 days late
2019
31-12
Financial
Weakest financial yearnet €-21k
Net result drops to €-21k, the lowest in the series.
07-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 191 days late
2017
31-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 92 days late
2016
27-10
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 88 days late
2015
31-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
31-08
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema · 31 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema · 161 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Nazareth-De Pinte · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Drapstraat 969810 Nazareth-De PinteGround area
1,551 m²
Building footprint
642 m²
Volume, LiDAR
2,348 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CD
since 20172.263.373.650
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048F0723/00R000 | Flanders | 1,047 m² | 1 · 459 m² | 8.2 m · 2 fl. |
| 44048F0706/00M000 | Flanders | 504 m² | 1 · 182 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ALI HEERMAN CITADELLAAN 12, 9000 GENT- |
01-04-2025 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded12-12-2011
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.