CD - CONSTRUCTS
ActiveSummary
CD - CONSTRUCTS has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €247,535 and a net result of -€220,684. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 9% of 1040 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability17=
Solvency31▼-3
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.8 against 0.94 in 2024; short-term debt: 62.6% and cash: 4.2% of total assets), and 93.7% of the assets are financed with debt.
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Signals
Five 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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€220,684
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 1040 sector peers (2025).
NBB · sector comparisonPosition among 1040 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
15 d early
2022
38 d early
2021
80 d early
2020
30 d early
2019
30 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 28 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€247,535▼ 47.1%
2024 · €468,221
Total assets
€3.9m▼ 21.9%
2024 · €5.0m
Net result
-€220,684▲ 23.8%
2024 · -€289,548
Working capital
-€486,200▼ 170%
2024 · -€179,753
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€100,372€143,530▲ 43.0%€621,762▲ 333%-€196,087-€166,788▲ 14.9%
Net result€51,288€104,298▲ 103%€422,717▲ 305%-€289,548-€220,684▲ 23.8%
Equity€230,754▲ 28.6%€335,052▲ 45.2%€757,769▲ 126%€468,221▼ 38.2%€247,535▼ 47.1%
Total assets€4.3m▲ 34.8%€5.1m▲ 18.0%€4.9m▼ 2.8%€5.0m▲ 1.4%€3.9m▼ 21.9%
Debt€4.1m▲ 35.1%€4.7m▲ 16.5%€4.2m▼ 11.9%€4.5m▲ 8.6%€3.7m▼ 19.2%
Working capital€605,849€558,386▼ 7.8%€113,331▼ 79.7%-€179,753-€486,200▼ 170%
Staff (FTE)11.8▼ 7.8%12.5▲ 5.9%12.9▲ 3.2%12.8▼ 0.8%12.9▲ 0.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2023 Net result +305%, Equity +126% on 2022. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €166,788 in 2025 against €196,087 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.9m
Fixed assets
€1.9m ▼ 12.2%
Current assets
€2.0m ▼ 29.5%
Equity and liabilities €3.9m
Equity
€247,535 ▼ 47.1%
Debt
€3.7m ▼ 19.2%
Debt's share of the balance-sheet total rises from 90.6% to 93.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
€55,380▼
2024 · €69,075
Cash flow
€1,484▲
2024 · -€24,386
Current ratio
0.80▼
2024 · 0.94
Quick ratio
0.33▼
2024 · 0.46
Debt to equity
14.80▲
2024 · 9.69
ROE
-89.2%▼
2024 · -61.8%
ROA
-5.6%▲
2024 · -5.8%
Interest coverage
0.68▲
2024 · 0.67
Debt ≤ 1 year
€2.4m▼
2024 · €3.0m
Debt > 1 year
€1.2m▼
2024 · €1.6m
Income taxes
€402▼
2024 · €553
Staff costs
€794,456▼
2024 · €810,277
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,102 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 94% are still going.
- Small
- 20 years or older
- solvency under 10%
- a small loss
1.5%
went bankrupt
3.5%
stopped otherwise
94%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,102 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €660,850 | €747,505 | €810,277 | €794,456 | ▼ 2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €284,198 | €211,984 | €227,296 | €265,162 | €222,168 | ▼ 16.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €331 | €15,648 | ▲ 4,627% |
| Other operating charges640/8 | - | €17,969 | €21,955 | €22,422 | €26,577 | ▲ 18.5% |
| Gross operating margin9900 | €987,718 | €1.0m | €1.6m | €902,105 | €892,061 | ▼ 1.1% |
| Operating profit (loss)9901 | €100,372 | €143,530 | €621,762 | -€196,087 | -€166,788 | ▲ 14.9% |
| Financial income75/76B | - | €7,116 | €7,790 | €10,284 | €28,365 | ▲ 176% |
| Recurring financial income75 | €9,301 | €7,116 | €7,790 | €10,284 | €28,365 | ▲ 176% |
| Financial charges65/66B | - | €45,633 | €72,332 | €103,192 | €81,859 | ▼ 20.7% |
| Recurring financial charges65 | €57,898 | €45,633 | €72,332 | €103,192 | €81,859 | ▼ 20.7% |
| Profit (loss) for the period before taxes9903 | €51,775 | €105,013 | €557,221 | -€288,995 | -€220,282 | ▲ 23.8% |
| Income taxes67/77 | €486 | €715 | €134,504 | €553 | €402 | ▼ 27.3% |
| Profit (loss) for the period9904 | €51,288 | €104,298 | €422,717 | -€289,548 | -€220,684 | ▲ 23.8% |
| Profit (loss) for the period to be appropriated9905 | €51,288 | €104,298 | €422,717 | -€289,548 | -€220,684 | ▲ 23.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.3m | €5.1m | €4.9m | €5.0m | €3.9m | ▼ 21.9% |
| Fixed assets21/28 | €2.0m | €2.0m | €2.2m | €2.2m | €1.9m | ▼ 12.2% |
| Intangible fixed assets21 | €102,615 | €104,490 | €75,579 | €47,118 | €36,570 | ▼ 22.4% |
| Tangible fixed assets22/27 | €1.9m | €1.9m | €2.1m | €2.2m | €1.9m | ▼ 12.1% |
| Land and buildings22 | - | €1.7m | €1.6m | €1.6m | €1.5m | ▼ 5.3% |
| Plant, machinery and equipment23 | - | €119,086 | €105,893 | €88,544 | €55,903 | ▼ 36.9% |
| Furniture and vehicles24 | - | €66,691 | €136,095 | €257,357 | €142,995 | ▼ 44.4% |
| Leasing and similar rights25 | - | - | €210,433 | €189,033 | €167,634 | ▼ 11.3% |
| Other tangible fixed assets26 | - | €58,497 | €24,543 | €11,613 | €5,554 | ▼ 52.2% |
| Financial fixed assets28 | €22,193 | €26,903 | €24,353 | €10,063 | €9,813 | ▼ 2.5% |
| Current assets29/58 | €2.3m | €3.0m | €2.7m | €2.8m | €2.0m | ▼ 29.5% |
| Stocks and contracts in progress3 | €958,153 | €1.5m | €1.5m | €1.4m | €1.2m | ▼ 19.3% |
| Stocks30/36 | - | €1.5m | €1.5m | €1.4m | €1.2m | ▼ 19.3% |
| Contracts in progress37 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €1.1m | €1.2m | €902,082 | €1.1m | €582,962 | ▼ 48.8% |
| Trade receivables40 | - | €1.2m | €901,110 | €1.1m | €518,967 | ▼ 53.0% |
| Other amounts receivable41 | - | €67,184 | €972 | €33,630 | €63,995 | ▲ 90.3% |
| Cash at bank and in hand54/58 | €97,437 | €276,501 | €238,288 | €117,190 | €164,303 | ▲ 40.2% |
| Deferred charges and accrued income490/1 | - | €59,414 | €54,127 | €96,404 | €58,930 | ▼ 38.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.3m | €5.1m | €4.9m | €5.0m | €3.9m | ▼ 21.9% |
| Equity10/15 | €230,754 | €335,052 | €757,769 | €468,221 | €247,535 | ▼ 47.1% |
| Contributions10/11 | - | €49,600 | €49,600 | €49,600 | €49,600 | = |
| Reserves13 | €181,154 | €285,452 | €708,169 | €418,621 | €197,935 | ▼ 52.7% |
| Non-distributable reserves130/1 | - | €4,960 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | €4,960 | €0 | - | - | - |
| Tax-exempt reserves132 | - | €18,750 | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | €261,742 | €689,419 | €399,871 | €179,185 | ▼ 55.2% |
| Amounts payable17/49 | €4.1m | €4.7m | €4.2m | €4.5m | €3.7m | ▼ 19.2% |
| Amounts payable after more than one year17 | €2.4m | €2.3m | €1.5m | €1.6m | €1.2m | ▼ 22.8% |
| Financial debts170/4 | - | €2.3m | €1.5m | €1.6m | €1.2m | ▼ 22.8% |
| Amounts payable within one year42/48 | €1.7m | €2.5m | €2.6m | €3.0m | €2.4m | ▼ 17.4% |
| Current portion of amounts payable after more than one year42 | - | €149,736 | €163,746 | €212,011 | €177,736 | ▼ 16.2% |
| Financial debts43 | - | €41,527 | €1.1m | €1.0m | €1.1m | ▲ 3.0% |
| Credit institutions430/8 | - | €41,527 | €1.1m | €1.0m | €1.0m | ▼ 3.5% |
| Other loans439 | - | - | - | - | €67,526 | - |
| Trade debts44 | €841,694 | €593,421 | €501,248 | €440,749 | €618,588 | ▲ 40.3% |
| Suppliers440/4 | - | €593,421 | €499,026 | €439,126 | €618,588 | ▲ 40.9% |
| Bills of exchange payable441 | - | €0 | €2,222 | €1,623 | - | - |
| Advances received on contracts in progress46 | - | €1.5m | €544,680 | €1.1m | €464,889 | ▼ 58.3% |
| Taxes, remuneration and social security45 | - | €231,213 | €298,442 | €161,058 | €120,068 | ▼ 25.5% |
| Taxes450/3 | - | €116,250 | €148,298 | €25,640 | €11,320 | ▼ 55.9% |
| Remuneration and social security454/9 | - | €114,963 | €150,145 | €135,418 | €108,748 | ▼ 19.7% |
| Other amounts payable47/48 | - | €180 | €180 | €180 | €180 | = |
| Accrued charges and deferred income492/3 | - | €5,567 | €30,376 | €13,950 | €11,576 | ▼ 17.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,288 | €104,298 | €422,717 | -€289,548 | -€220,684 | ▲ 23.8% |
| + Depreciation and write-downs630 | €284,198 | €211,984 | €227,296 | €265,162 | €222,168 | ▼ 16.2% |
| Operating cash flow (approximation) | €335,486 | €316,283 | €650,013 | -€24,386 | €1,484 | ▲ 106% |
| Investment in fixed assets (approximation) | - | -€221,995 | -€402,370 | -€271,545 | €49,312 | ▲ 118% |
| Change in cash | - | €179,064 | -€38,213 | -€121,098 | €47,113 | ▲ 139% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-09
Financial
Weakest financial yearnet -€289,548
Net result drops to -€289,548, the lowest in the series; recovery starts the following year.
15-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-09
Financial
Highest result since 2018net €422,717 ▲305%
Operating result €621,762, net result €422,717, both a record.
30-09
Financial
Equity above €500,000Eq €757,769 ▲126%
3 profitable years in a row build equity to €757,769.
23-03
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial
Back to profitnet €51,288
Net result €51,288 after one loss-making year.
30-09
Financial
Equity above €200,000Eq €230,754 ▲28.6%
Equity rises from €179,465 to €230,754.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
30-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 16 days late
2017
18-04
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 4 acts read
About the unread acts
We know of 4 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
4 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, Roeselare · 1 establishment unit since 1995
Ground area
2,573 m²
Building footprint
2,046 m²
Volume, LiDAR
7,700 m³
Parcel 36504D0370/00C000, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Ovenstraat 6, 8800 Roeselare
since 19952.073.708.857
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36504D0370/00C000 | Flanders | 2,573 m² | 1 · 2,046 m² | 8.1 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,743 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 897 EUR | 531 EUR |
| 2024 | 1 | 473 EUR | 141 EUR |
| 2023 | 1 | 45 EUR | 0 EUR |
| 2022 | 1 | 1,328 EUR | 1,328 EUR |
Recognitions · licences · registrations
Recognised contractor
1 categoryCD - CONSTRUCTS BV41567
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Of 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,655 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
Founded16-10-1995
Fiscal year end30-09
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
28930Manufacture of machinery and equipment not elsewhere classified
46140Agents in the wholesale of industrial machinery, ships and aircraft
46610Wholesale trade
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0456171697
Registered
14-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.