CD Holding
CD Holding has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €-11k. Equity is shrinking by ~35.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2027. Its solvency ranks better than 23% of 875 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
| Equity | €52k |
| Net result | €-11k |
| Better than sector | 23% |
| Active | 12 yrs |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 3.2% | 35.1% | |
| Net result | €-11k | €10k | |
| Equity | €52k | €40k | |
| Gross operating margin | €131k | €32k | |
| Total assets | €1.60M | €131k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | micro schema | abbreviated schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €109k | €105k | €104k | €217k |
| Net profit | €-11k | €-54k | €-27k | €56k |
| Cash flow | €85k | €79k | €85k | €166k |
| Staff costs | - | - | €799 | - |
| Income taxes | €17 | €337 | €388 | €228 |
| Dividends | - | - | - | - |
| Total assets | €1.60M | €1.72M | €1.87M | €1.38M |
| Equity | €52k | €63k | €116k | €143k |
| Debt | €1.51M | €1.62M | €1.71M | €1.20M |
| of which ≤ 1y | €631k | €674k | €769k | €684k |
| of which > 1y | €884k | €949k | €944k | €513k |
| Working capital | €-508k | €-502k | €-524k | €-307k |
| Employees (FTE) | - | - | - | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.19 | 0.26 | 0.32 | 0.55 |
| Quick ratio | 0.15 | 0.23 | 0.29 | 0.51 |
| Working capital ratio | -31.7% | -29.1% | -28.0% | -22.2% |
| Solvency | 3.2% | 3.6% | 6.2% | 10.4% |
| Debt / equity | 29.34 | 25.94 | 14.73 | 8.37 |
| Long-term debt ratio | 17.12 | 15.17 | 8.12 | 3.59 |
| Interest coverage | 4.33 | 3.81 | 5.39 | 20.20 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | -0.7% | -3.1% | -1.4% | 4.0% |
| ROE | -21.2% | -85.9% | -23.0% | 38.8% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Full annual accounts (27 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €1.60M | €1.72M | €1.87M | €1.38M |
| Fixed assets | 21/28 | €1.48M | €1.55M | €1.62M | €1.00M |
| Tangible fixed assets | 22/27 | €1.48M | €1.55M | €1.62M | €1.00M |
| Financial fixed assets | 28 | €356 | €856 | €666 | €666 |
| Current assets | 29/58 | €122k | €172k | €245k | €378k |
| Stocks & contracts in progress | 3 | €26k | €17k | €25k | €25k |
| Amounts receivable within one year | 40/41 | €28k | €28k | €41k | €5k |
| Investments | 50/53 | €15k | €15k | €15k | €15k |
| Cash & bank | 54/58 | €48k | €108k | €160k | €328k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €1.60M | €1.72M | €1.87M | €1.38M |
| Equity | 10/15 | €52k | €63k | €116k | €143k |
| Contributions / capital | 10/11 | €50k | €50k | €50k | €50k |
| Reserves | 13 | €113k | €117k | €122k | €122k |
| Accumulated profits (losses) | 14 | €-112k | €-105k | €-55k | €-28k |
| Provisions & deferred taxes | 16 | €37k | €39k | €40k | €40k |
| Amounts payable | 17/49 | €1.51M | €1.62M | €1.71M | €1.20M |
| Amounts payable after one year | 17 | €884k | €949k | €944k | €513k |
| Amounts payable within one year | 42/48 | €631k | €674k | €769k | €684k |
| Trade debts payable within one year | 44 | €1k | €3k | €19k | €8k |
| Income statement | |||||
| Gross operating margin | 9900 | €131k | €132k | €149k | €279k |
| Operating result | 9901 | €13k | €-28k | €-8k | €107k |
| Financial income | 75 | €58 | €494 | €591 | €0 |
| Financial charges | 65 | €25k | €28k | €19k | €11k |
| Result before taxes | 9903 | €-12k | €-55k | €-26k | €96k |
| Income taxes | 67/77 | €17 | €337 | €388 | €228 |
| Net result for the period | 9904 | €-11k | €-54k | €-27k | €56k |
| Result to be appropriated | 9905 | €-7k | €-50k | €-27k | €-64k |
| NACE primary | Wholesale of wines and spirits(46341) |
| Legal form | Private limited company(610) |
| Incorporation | 02-04-2014 |
| Status | Active |
| Postal code | 3500 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71328D0027/00B002 | Flanders | 344 m² | 1 · 106 m² | 17.8 m · 5 fl. |
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
29-06-2022 Registered office moved within Hasselt
- Scheepvaartlaan 52 bus 502 3500 Hasselt → 3500 Hasselt, Guffenslaan 49
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "3500 Hasselt, Guffenslaan 49",
"city": "Hasselt",
"region": "vlaams_gewest",
"street": "Guffenslaan",
"country": "BE",
"postcode": "3500",
"box_number": null,
"street_number": "49",
"locality_suffix": null
},
"old_address": {
"raw": "Scheepvaartlaan 52 bus 502 3500 Hasselt",
"city": "Hasselt",
"region": "vlaams_gewest",
"street": "Scheepvaartlaan",
"country": "BE",
"postcode": "3500",
"box_number": "502",
"street_number": "52",
"locality_suffix": null
},
"effective_date": "2022-06-01",
"evidence_quote": "",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "header_volledig_adres",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "absolute",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
"court_jurisdiction_changed": false,
"effective_date_is_approximate": false
}
],
"notary": {
"name": null,
"firm_city": null,
"firm_name": null,
"office_city": "Hasselt",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2022-06-29",
"filing_date": "2022-06-21",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2022-06-01",
"unanimous": true
},
"subject_company": {
"kbo": "0549.907.945",
"name_full": "CD Holding",
"legal_form": "besloten vennootschap",
"_kbo_filled_from_list": true
},
"publication_proxy": {
"kind": "person",
"org_kbo": null,
"org_name": null,
"person_name": "Cuppens Steven",
"org_rep_person_name": null,
"person_role_at_subject": "Bestuurder"
},
"co_filed_documents": [
"Uittreksel uit het verlsag van de bijzondere algemene vergadering van aandeelhouders van 1 juni 2022"
]
}| Legal nameNL | CD Holding |