CD CONSULT
ActiveSummary
CD CONSULT has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€9,475) and a net result of €11,046. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 9% of 7081 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+84
Solvency0=
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 2.89 against 4.07 in 2024; short-term debt: 28.4% and cash: 23.7% of total assets), but equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
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
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 2025Solvency, return and age of the figures
Solvency
-28%
Return on assets
32.6%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 7081 sector peers (2025).
NBB · sector comparisonPosition among 7081 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 20-03-2026, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
41 d early
2024
35 d early
2023
41 d early
2022
33 d early
2021
93 d early
2020
107 d early
2019
38 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 55 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% 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
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€9,475▲ 53.8%
2024 · -€20,521
Total assets
€33,836▲ 49.8%
2024 · €22,590
Net result
€11,046
2024 · -€553
Working capital
€18,214▲ 23.2%
2024 · €14,788
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20212022202320242025
Operating result-€472€15,623-€8,174-€477▲ 94.2%€15,602
Net result-€487below the sector's middle half€10,518within the sector's middle half-€5,856below the sector's middle half-€553within the sector's middle half▲ 90.6%€11,046within the sector's middle half
Equity-€24,629below the sector's middle half▼ 2.0%-€14,112below the sector's middle half▲ 42.7%-€19,968below the sector's middle half▼ 41.5%-€20,521below the sector's middle half▼ 2.8%-€9,475below the sector's middle half▲ 53.8%
Total assets€29,336below the sector's middle half▼ 25.7%€46,347below the sector's middle half▲ 58.0%€28,176below the sector's middle half▼ 39.2%€22,590below the sector's middle half▼ 19.8%€33,836below the sector's middle half▲ 49.8%
Debt€1,843▼ 73.2%€12,946▲ 602%€5,239▼ 59.5%€4,815▼ 8.1%€9,625▲ 99.9%
Working capital€23,015▼ 18.2%€29,637▲ 28.8%€19,701▼ 33.5%€14,788▼ 24.9%€18,214▲ 23.2%
Solvency-84.0%below the sector's middle half▼ 22.8pp-30.4%below the sector's middle half▲ 53.5pp-70.9%below the sector's middle half▼ 40.4pp-90.8%below the sector's middle half▼ 20.0pp-28.0%below the sector's middle half▲ 62.8pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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 returns to profit in 2025: €15,602 after a loss of €477 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33,836
Fixed assets
€5,998 ▲ 101%
Current assets
€27,839 ▲ 42.0%
Key figures and ratios
EBITDA
€15,892▲
2024 · -€228
Cash flow
€11,336▲
2024 · -€304
Current ratio
2.89▼
2024 · 4.07
Debt to equity
-1.02▼
2024 · -0.23
ROA
32.6%▲
2024 · -2.4%
Interest coverage
36.27▲
2024 · -0.58
Debt ≤ 1 year
€9,625▲
2024 · €4,815
Income taxes
€4,796▲
2024 · €588
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,798 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 91% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.5%
went bankrupt
5.3%
stopped otherwise
91%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,662 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% | 1.7% |
| 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 75% 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 3,798 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,218 | €714 | €528 | €249 | €291 | ▲ 16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €202 | -€40 | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€4,609 | -€4,609 | -€4,609 | -€4,609 | = |
| Other operating charges640/8 | - | €702 | €768 | €784 | €1,424 | ▲ 81.6% |
| Gross operating margin9900 | -€2,740 | €12,631 | -€11,527 | -€4,053 | €12,707 | ▲ 414% |
| Operating profit (loss)9901 | -€472 | €15,623 | -€8,174 | -€477 | €15,602 | ▲ 3,371% |
| Financial income75/76B | - | €1,225 | €1,627 | €901 | €678 | ▼ 24.8% |
| Recurring financial income75 | €1,676 | €1,225 | €1,627 | €901 | €678 | ▼ 24.8% |
| Financial charges65/66B | - | €419 | €349 | €389 | €438 | ▲ 12.6% |
| Recurring financial charges65 | €283 | €419 | €349 | €389 | €438 | ▲ 12.6% |
| Profit (loss) for the period before taxes9903 | €921 | €16,429 | -€6,896 | €35 | €15,842 | ▲ 44,778% |
| Income taxes67/77 | €1,408 | €5,911 | -€1,040 | €588 | €4,796 | ▲ 715% |
| Profit (loss) for the period9904 | -€487 | €10,518 | -€5,856 | -€553 | €11,046 | ▲ 2,097% |
| Profit (loss) for the period to be appropriated9905 | -€487 | €10,518 | -€5,856 | -€553 | €11,046 | ▲ 2,097% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €29,336 | €46,347 | €28,176 | €22,590 | €33,836 | ▲ 49.8% |
| Fixed assets21/28 | €4,478 | €3,764 | €3,236 | €2,986 | €5,998 | ▲ 101% |
| Tangible fixed assets22/27 | €4,478 | €3,764 | €3,236 | €2,986 | €5,998 | ▲ 101% |
| Plant, machinery and equipment23 | - | - | - | - | €1,822 | - |
| Furniture and vehicles24 | - | €1,234 | €706 | €456 | €1,645 | ▲ 260% |
| Other tangible fixed assets26 | - | €2,530 | €2,530 | €2,530 | €2,530 | = |
| Current assets29/58 | €24,858 | €42,583 | €24,940 | €19,604 | €27,839 | ▲ 42.0% |
| Amounts receivable within one year40/41 | €15,908 | €39,967 | €18,722 | €15,586 | €18,340 | ▲ 17.7% |
| Trade receivables40 | - | €8,936 | €1,075 | €5,553 | €12,523 | ▲ 126% |
| Other amounts receivable41 | - | €31,031 | €17,647 | €10,033 | €5,817 | ▼ 42.0% |
| Cash at bank and in hand54/58 | €7,988 | €1,655 | €6,115 | €2,957 | €8,034 | ▲ 172% |
| Deferred charges and accrued income490/1 | - | €961 | €103 | €1,061 | €1,464 | ▲ 38.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €29,336 | €46,347 | €28,176 | €22,590 | €33,836 | ▲ 49.8% |
| Equity10/15 | -€24,629 | -€14,112 | -€19,968 | -€20,521 | -€9,475 | ▲ 53.8% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €11,360 | €11,360 | €11,360 | €11,360 | €11,360 | = |
| Non-distributable reserves130/1 | - | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | - | - | - | - |
| Distributable reserves133 | - | €9,500 | €11,360 | €11,360 | €11,360 | = |
| Profit (loss) carried forward14 | -€48,389 | -€37,872 | -€43,728 | -€44,281 | -€33,235 | ▲ 24.9% |
| Provisions and deferred taxes16 | €52,122 | €47,513 | €42,905 | €38,296 | €33,687 | ▼ 12.0% |
| Provisions for liabilities and charges160/5 | - | €47,513 | €42,905 | €38,296 | €33,687 | ▼ 12.0% |
| Pensions and similar obligations160 | - | €47,513 | €42,905 | €38,296 | €33,687 | ▼ 12.0% |
| Amounts payable17/49 | €1,843 | €12,946 | €5,239 | €4,815 | €9,625 | ▲ 99.9% |
| Amounts payable within one year42/48 | €1,843 | €12,946 | €5,239 | €4,815 | €9,625 | ▲ 99.9% |
| Financial debts43 | - | - | - | - | €384 | - |
| Credit institutions430/8 | - | - | - | - | €384 | - |
| Trade debts44 | €386 | €1,466 | €2,505 | €2,470 | €7,473 | ▲ 203% |
| Suppliers440/4 | - | €1,466 | €2,505 | €2,470 | €7,473 | ▲ 203% |
| Taxes, remuneration and social security45 | - | €11,479 | €2,734 | €2,345 | €1,768 | ▼ 24.6% |
| Taxes450/3 | - | €9,979 | €174 | €1,244 | €652 | ▼ 47.6% |
| Remuneration and social security454/9 | - | €1,500 | €2,560 | €1,101 | €1,116 | ▲ 1.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€487 | €10,518 | -€5,856 | -€553 | €11,046 | ▲ 2,097% |
| + Depreciation and write-downs630 | €1,218 | €714 | €528 | €249 | €291 | ▲ 16.6% |
| Operating cash flow (approximation) | €732 | €11,232 | -€5,328 | -€304 | €11,336 | ▲ 3,833% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€3,302 | - |
| Change in cash | - | -€6,333 | €4,460 | -€3,159 | €5,077 | ▲ 261% |
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
20-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Back to profitnet €11,046
Net result €11,046 after 2 loss-making years.
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
20-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Weakest financial yearnet -€5,856
Net result drops to -€5,856, the lowest in the series; recovery starts the following year.
28-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Back to profitnet €10,518
Net result €10,518 after one loss-making year.
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Liquidity triplescurrent ratio 13.49
Current ratio from 5.09 to 13.49; short-term debt falls from €6,888 to €1,843.
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Back to profitnet €6,592
Net result €6,592 after one loss-making year.
23-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
12-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
08-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
15-03
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.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Zaventem · 1 establishment unit since 2004
Ground area
390 m²
Building footprint
68 m²
Volume, LiDAR
600 m³
Parcel 23094A0248/00E002, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CD CONSULT
since 20042.135.916.442
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23094A0248/00E002 | Flanders | 390 m² | 1 · 68 m² | 9.4 m · 3 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 13,417 companies in sector 73300 we hold annual accounts for 6,906. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded27-01-2004
Fiscal year end30-09
Activities, NACEBEL 2025
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0863022163
Also
9925:BE0863022163
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.