CD CONSULTANCY
ActiveSummary
CD CONSULTANCY has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21k and a net result of €60k. Equity is shrinking by ~17% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 20% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency45▼-11
Growth58=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.19 against 1.31 in 2024; short-term debt: 80.3% and cash: 9.8% of total assets), and 80.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
19.7%
Return on assets
57.9%
Age of the figures
9 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 12738 sector peers (2025).
NBB · sector comparisonPosition among 12738 sector peers
Solvency
better than 20%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
3 d early
2024
2 d early
2023
2 d early
2022
3 d early
2021
75 d late
2020
61 d late
2019
91 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€21k▼ 48.8%
2024 · €40k
2018: €56k
2019: €109k▲ +93.6% vs 2018
2020: €128k▲ +17.6% vs 2019
2021: €139k▲ +8.4% vs 2020highest in 8 years
2022: €117k▼ -15.4% vs 2021
2023: €52k▼ -55.9% vs 2022
2024: €40k▼ -22.4% vs 2023
2025: €21k▼ -48.8% vs 2024lowest in 8 years
2018 → 2025
Total assets
€104k▼ 20.3%
2024 · €131k
2018: €375k
2019: €399k▲ +6.4% vs 2018
2020: €403k▲ +1.0% vs 2019highest in 8 years
2021: €327k▼ -19.0% vs 2020
2022: €261k▼ -20.0% vs 2021
2023: €211k▼ -19.1% vs 2022
2024: €131k▼ -38.1% vs 2023
2025: €104k▼ -20.3% vs 2024lowest in 8 years
2018 → 2025
Net result
€60k▲ 57.4%
2024 · €38k
2018: €38k
2019: €53k▲ +40.0% vs 2018
2020: €19k▼ -63.5% vs 2019
2021: €11k▼ -43.6% vs 2020lowest in 8 years
2022: €20k▲ +81.4% vs 2021
2023: €35k▲ +76.1% vs 2022
2024: €38k▲ +11.2% vs 2023
2025: €60k▲ +57.4% vs 2024highest in 8 years
2018 → 2025
Working capital
€16k▼ 41.9%
2024 · €28k
2018: €-11klowest in 8 years
2019: €20k▲ +291% vs 2018
2020: €39k▲ +90.3% vs 2019highest in 8 years
2021: €23k▼ -39.8% vs 2020
2022: €9k▼ -60.4% vs 2021
2023: €-10k▼ -203% vs 2022
2024: €28k▲ +390% vs 2023
2025: €16k▼ -41.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€139k-€117k▼ 15.4%€52k▼ 55.9%€40k▼ 22.4%€21k▼ 48.8%
2021: €139khighest in 5 years
2022: €117k▼ -15.4% vs 2021
2023: €52k▼ -55.9% vs 2022
2024: €40k▼ -22.4% vs 2023
2025: €21k▼ -48.8% vs 2024lowest in 5 years
Operating result€34k-€42k▲ 22.8%€59k▲ 40.6%€64k▲ 9.1%€82k▲ 27.7%
2021: €34klowest in 5 years
2022: €42k▲ +22.8% vs 2021
2023: €59k▲ +40.6% vs 2022
2024: €64k▲ +9.1% vs 2023
2025: €82k▲ +27.7% vs 2024highest in 5 years
Net result€11k-€20k▲ 81.4%€35k▲ 76.1%€38k▲ 11.2%€60k▲ 57.4%
2021: €11klowest in 5 years
2022: €20k▲ +81.4% vs 2021
2023: €35k▲ +76.1% vs 2022
2024: €38k▲ +11.2% vs 2023
2025: €60k▲ +57.4% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 28% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €104k
Fixed assets
€4k ▼ 64.0%
Current assets
€100k ▼ 15.7%
Equity and liabilities €104k
Equity
€21k ▼ 48.8%
Debt
€84k ▼ 7.6%
Debt's share of the balance-sheet total rises from 69.3% to 80.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€86k▼
2024 · €126k
Cash flow
€64k▼
2024 · €100k
Current ratio
1.19▼
2024 · 1.31
Debt to equity
4.07▲
2024 · 2.26
ROE
293.7%▲
2024 · 95.6%
ROA
57.9%▲
2024 · 29.3%
Interest coverage
33.91▼
2024 · 78.23
Debt ≤ 1 year
€84k▼
2024 · €91k
Income taxes
€19k▼
2024 · €25k
Staff costs
€121k▲
2024 · €114k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€131k€104k▼
Fixed assets21/28€12k€4k▼
Intangible fixed assets21€0-
Tangible fixed assets22/27€12k€4k▼
Furniture and vehicles24€12k€4k▼
Other tangible fixed assets26€0-
Financial fixed assets28€350€600▲
Current assets29/58€118k€100k▼
Amounts receivable after more than one year29€21k€0▼
Trade receivables290€21k€0▼
Amounts receivable within one year40/41€50k€61k▲
Trade receivables40€50k€46k▼
Other amounts receivable41€0€16k▲
Current investments50/53€3k€0▼
Cash at bank and in hand54/58€14k€10k▼
Deferred charges and accrued income490/1€31k€28k▼
Equity and liabilities
Total equity and liabilities10/49€131k€104k▼
Equity10/15€40k€21k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€20k€108▼
Amounts payable17/49€91k€84k▼
Amounts payable within one year42/48€91k€84k▼
Current portion of amounts payable after more than one year42€1k€4k▲
Trade debts44€22k€26k▲
Suppliers440/4€22k€26k▲
Taxes, remuneration and social security45€58k€48k▼
Taxes450/3€41k€30k▼
Remuneration and social security454/9€17k€18k▲
Other amounts payable47/48€10k€5k▼
Income statement
Code20242025
Remuneration, social security and pensions62€114k€121k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€62k€3k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€244k€210k▼
Operating profit (loss)9901€64k€82k▲
Financial income75/76B€34€28▼
Recurring financial income75€34€28▼
Financial charges65/66B€2k€3k▲
Recurring financial charges65€2k€3k▲
Profit (loss) for the period before taxes9903€63k€80k▲
Income taxes67/77€25k€19k▼
Profit (loss) for the period9904€38k€60k▲
Profit (loss) for the period to be appropriated9905€38k€60k▲
Appropriation of the result
Profit (loss) to be appropriated9906€70k€80k▲
Profit (loss) brought forward from the previous period14P€31k€20k▼
Profit to be distributed694/7€50k€80k▲
Return on contributions (dividend)694€50k€80k▲
The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €102k | €104k | €104k | €114k | €121k | ▲ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53k | €55k | €50k | €62k | €3k | ▼ 94.6% |
| Other operating charges640/8 | €11k | €9k | €5k | €4k | €3k | ▼ 22.4% |
| Gross operating margin9900 | €201k | €211k | €218k | €244k | €210k | ▼ 14.0% |
| Operating profit (loss)9901 | €34k | €42k | €59k | €64k | €82k | ▲ 27.7% |
| Financial income75/76B | €638 | €1k | €2k | €34 | €28 | ▼ 19.6% |
| Recurring financial income75 | €638 | €1k | €2k | €34 | €28 | ▼ 19.6% |
| Financial charges65/66B | €3k | €2k | €2k | €2k | €3k | ▲ 56.5% |
| Recurring financial charges65 | €3k | €2k | €2k | €2k | €3k | ▲ 56.5% |
| Profit (loss) for the period before taxes9903 | €32k | €42k | €59k | €63k | €80k | ▲ 26.9% |
| Income taxes67/77 | €21k | €22k | €25k | €25k | €19k | ▼ 20.8% |
| Profit (loss) for the period9904 | €11k | €20k | €35k | €38k | €60k | ▲ 57.4% |
| Profit (loss) for the period to be appropriated9905 | €11k | €20k | €35k | €38k | €60k | ▲ 57.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €327k | €261k | €211k | €131k | €104k | ▼ 20.3% |
| Fixed assets21/28 | €158k | €111k | €61k | €12k | €4k | ▼ 64.0% |
| Intangible fixed assets21 | €139k | €96k | €53k | €0 | - | - |
| Tangible fixed assets22/27 | €19k | €15k | €8k | €12k | €4k | ▼ 68.0% |
| Plant, machinery and equipment23 | €368 | €0 | - | - | - | - |
| Furniture and vehicles24 | €16k | €15k | €8k | €12k | €4k | ▼ 68.0% |
| Other tangible fixed assets26 | €3k | €356 | €158 | €0 | - | - |
| Financial fixed assets28 | €350 | €350 | €350 | €350 | €600 | ▲ 71.4% |
| Current assets29/58 | €169k | €150k | €150k | €118k | €100k | ▼ 15.7% |
| Amounts receivable after more than one year29 | €39k | €31k | €23k | €21k | €0 | ▼ 100% |
| Trade receivables290 | €39k | €31k | €23k | €21k | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €79k | €70k | €72k | €50k | €61k | ▲ 23.4% |
| Trade receivables40 | €79k | €70k | €54k | €50k | €46k | ▼ 8.0% |
| Other amounts receivable41 | - | - | €18k | €0 | €16k | - |
| Current investments50/53 | €3k | €3k | €3k | €3k | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €23k | €33k | €20k | €14k | €10k | ▼ 27.0% |
| Deferred charges and accrued income490/1 | €25k | €13k | €32k | €31k | €28k | ▼ 9.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €327k | €261k | €211k | €131k | €104k | ▼ 20.3% |
| Equity10/15 | €139k | €117k | €52k | €40k | €21k | ▼ 48.8% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €118k | €97k | €31k | €20k | €108 | ▼ 99.5% |
| Amounts payable17/49 | €188k | €144k | €160k | €91k | €84k | ▼ 7.6% |
| Amounts payable after more than one year17 | €43k | €3k | €0 | - | - | - |
| Financial debts170/4 | €43k | €3k | €0 | - | - | - |
| Amounts payable within one year42/48 | €145k | €141k | €160k | €91k | €84k | ▼ 7.6% |
| Current portion of amounts payable after more than one year42 | €78k | €40k | €3k | €1k | €4k | ▲ 280% |
| Trade debts44 | €9k | €23k | €27k | €22k | €26k | ▲ 16.4% |
| Suppliers440/4 | €9k | €23k | €27k | €22k | €26k | ▲ 16.4% |
| Advances received on contracts in progress46 | €6k | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €52k | €60k | €58k | €58k | €48k | ▼ 16.0% |
| Taxes450/3 | €39k | €43k | €40k | €41k | €30k | ▼ 25.5% |
| Remuneration and social security454/9 | €13k | €17k | €18k | €17k | €18k | ▲ 7.2% |
| Other amounts payable47/48 | - | €17k | €71k | €10k | €5k | ▼ 46.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €20k | €35k | €38k | €60k | ▲ 57.4% |
| + Depreciation and write-downs630 | €53k | €55k | €50k | €62k | €3k | ▼ 94.6% |
| Operating cash flow (approximation) | €64k | €75k | €84k | €100k | €64k | ▼ 36.4% |
| Investment in fixed assets (approximation) | - | €-8k | €0 | €-13k | €5k | ▲ 136% |
| Change in cash | - | €10k | €-13k | €-6k | €-4k | ▲ 34.6% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €60k ▲57.4%
Operating result €82k, net result €60k, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Weakest financial yearnet €11k ▼43.6%
Net result drops to €11k, the lowest in the series; recovery starts the following year.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Equity above €100kEq €109k ▲93.6%
2 profitable years in a row build equity to €109k.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Haaltert · 1 establishment unit since 2018
Ground area
228 m²
Building footprint
132 m²
Volume, LiDAR
920 m³
Parcel 41024B0149/00T003, Flanders · tallest building 10.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CD CONSULTANCY
since 20182.274.688.206
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41024B0149/00T003 | Flanders | 228 m² | 1 · 132 m² | 10.5 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 · 1,804 EUR awarded · 1,625 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 657 EUR | 478 EUR |
| 2024 | 1 | 537 EUR | 537 EUR |
| 2023 | 1 | 318 EUR | 318 EUR |
| 2022 | 1 | 292 EUR | 292 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 4,455 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
Founded29-03-2018
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.