CD&J DEVELOPMENT
ActiveSummary
CD&J DEVELOPMENT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,000 and a net result of €123,385. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 28% of 9336 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+13
Solvency34▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.16 against 1.14 in 2024; short-term debt: 86.3% and cash: 11.8% of total assets), and 91.1% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% 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
8.9%
Return on assets
14.6%
Age of the figures
12 mo
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
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 31-01-2026, 89 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
89 d early
2024
4 d late
2023
1 d late
2022
16 d late
2021
4 d early
2020
30 d early
2019
119 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 32 days before the deadline; the sector median for financial year 2024 is 7 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, abbreviated schema
Equity
€75,000▼ 26.3%
2024 · €101,803
Total assets
€846,342▼ 71.8%
2024 · €3.0m
Net result
€123,385▼ 56.6%
2024 · €284,551
Working capital
€116,013▼ 68.0%
2024 · €362,897
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate 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-€3,654▲ 9.0%-€10,323▼ 183%-€4,685▲ 54.6%€377,832€205,667▼ 45.6%
Net result-€3,789within the sector's middle half▲ 6.6%-€25,576below the sector's middle half▼ 575%-€15,443within the sector's middle half▲ 39.6%€284,551above the sector's middle half€123,385above the sector's middle half▼ 56.6%
Equity-€16,729below the sector's middle half▼ 29.3%€7,695below the sector's middle half-€7,748below the sector's middle half€101,803within the sector's middle half€75,000within the sector's middle half▼ 26.3%
Total assets€2,314below the sector's middle half▼ 84.9%€701,803within the sector's middle half▲ 30,222%€2.8mwithin the sector's middle half▲ 293%€3.0mwithin the sector's middle half▲ 8.6%€846,342within the sector's middle half▼ 71.8%
Debt€19,043▼ 32.7%€694,108▲ 3,545%€2.8m▲ 299%€2.9m▲ 4.6%€771,342▼ 73.4%
Working capital-€16,729within the sector's middle half▼ 29.3%€8,692within the sector's middle half€2.0mabove the sector's middle half▲ 22,653%€362,897within the sector's middle half▼ 81.7%€116,013within the sector's middle half▼ 68.0%
Solvency1.1%below the sector's middle half-0.3%below the sector's middle half▼ 1.4pp3.4%below the sector's middle half▲ 3.7pp8.9%within the sector's middle half▲ 5.5pp
Current ratio1.01within the sector's middle half3.52above the sector's middle half▲ 2.511.14within the sector's middle half▼ 2.391.16within the sector's middle half▲ 0.02
Return on assets (ROA)-3.6%below the sector's middle half-0.6%within the sector's middle half▲ 3.1pp9.5%above the sector's middle half▲ 10.0pp14.6%above the sector's middle half▲ 5.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 46% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €846,342
Equity
€75,000 ▼ 26.3%
Debt
€771,342 ▼ 73.4%
Debt's share of the balance-sheet total falls from 96.6% to 91.1%. Equity and debt are lower.
Key figures and ratios
Debt to equity
10.28▼
2024 · 28.46
ROE
164.5%▼
2024 · 279.5%
Debt ≤ 1 year
€730,329▼
2024 · €2.6m
Income taxes
€41,925▼
2024 · €69,018
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 535 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96% are still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 535 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 |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €459 | €565 | €604 | €606 | €1,255 | ▲ 107% |
| Gross operating margin9900 | -€3,196 | -€9,759 | -€4,081 | €378,438 | €206,922 | ▼ 45.3% |
| Operating profit (loss)9901 | -€3,654 | -€10,323 | -€4,685 | €377,832 | €205,667 | ▼ 45.6% |
| Financial income75/76B | - | - | €175 | €11,934 | €162 | ▼ 98.6% |
| Recurring financial income75 | - | - | €175 | €11,934 | €162 | ▼ 98.6% |
| Financial charges65/66B | €135 | €15,253 | €10,933 | €36,196 | €40,519 | ▲ 11.9% |
| Recurring financial charges65 | €135 | €15,253 | €10,933 | €36,196 | €40,519 | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | -€3,789 | -€25,576 | -€15,443 | €353,569 | €165,310 | ▼ 53.2% |
| Income taxes67/77 | - | - | - | €69,018 | €41,925 | ▼ 39.3% |
| Profit (loss) for the period9904 | -€3,789 | -€25,576 | -€15,443 | €284,551 | €123,385 | ▼ 56.6% |
| Profit (loss) for the period to be appropriated9905 | -€3,789 | -€25,576 | -€15,443 | €284,551 | €123,385 | ▼ 56.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2,314 | €701,803 | €2.8m | €3.0m | €846,342 | ▼ 71.8% |
| Current assets29/58 | €2,314 | €701,803 | €2.8m | €3.0m | €846,342 | ▼ 71.8% |
| Stocks and contracts in progress3 | - | €96,761 | €1.8m | €1.7m | - | - |
| Stocks30/36 | - | €96,761 | €1.8m | €1.7m | - | - |
| Amounts receivable within one year40/41 | €539 | €6,738 | €378,840 | €857,114 | €746,742 | ▼ 12.9% |
| Trade receivables40 | - | €3,929 | €378,840 | €851,948 | €690,426 | ▼ 19.0% |
| Other amounts receivable41 | €539 | €2,809 | - | €5,166 | €56,316 | ▲ 990% |
| Cash at bank and in hand54/58 | €1,775 | €560,264 | €374,196 | €458,824 | €99,600 | ▼ 78.3% |
| Deferred charges and accrued income490/1 | - | €38,040 | €230,730 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2,314 | €701,803 | €2.8m | €3.0m | €846,342 | ▼ 71.8% |
| Equity10/15 | -€16,729 | €7,695 | -€7,748 | €101,803 | €75,000 | ▼ 26.3% |
| Contributions10/11 | €25,000 | €75,000 | €75,000 | €75,000 | €75,000 | = |
| Reserves13 | €1,018 | €1,018 | €1,018 | €1,018 | - | - |
| Non-distributable reserves130/1 | €1,018 | - | - | - | - | - |
| Reserves not available under the articles1311 | €1,018 | - | - | - | - | - |
| Distributable reserves133 | - | €1,018 | €1,018 | €1,018 | - | - |
| Profit (loss) carried forward14 | -€42,747 | -€68,323 | -€83,766 | €25,785 | - | - |
| Amounts payable17/49 | €19,043 | €694,108 | €2.8m | €2.9m | €771,342 | ▼ 73.4% |
| Amounts payable within one year42/48 | €19,043 | €693,111 | €783,635 | €2.6m | €730,329 | ▼ 72.3% |
| Trade debts44 | €1,459 | €5,841 | €292,616 | €2.0m | €439,397 | ▼ 77.9% |
| Suppliers440/4 | €1,459 | €5,841 | €292,616 | €2.0m | €439,397 | ▼ 77.9% |
| Taxes, remuneration and social security45 | - | - | €90,154 | €65,438 | €1,925 | ▼ 97.1% |
| Taxes450/3 | - | - | €90,154 | €65,438 | €1,925 | ▼ 97.1% |
| Other amounts payable47/48 | €17,585 | €687,270 | €400,865 | €584,922 | €289,006 | ▼ 50.6% |
| Accrued charges and deferred income492/3 | - | €997 | €2.0m | €261,094 | €41,013 | ▼ 84.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,789 | -€25,576 | -€15,443 | €284,551 | €123,385 | ▼ 56.6% |
| Operating cash flow (approximation) | -€3,789 | -€25,576 | -€15,443 | €284,551 | €123,385 | ▼ 56.6% |
| Change in cash | - | €558,489 | -€186,068 | €84,629 | -€359,224 | ▼ 524% |
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
31-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
04-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 4 days late
2024
30-09
Financial
Back to profitnet €284,551
Net result €284,551 after 6 loss-making years.
30-09
Financial
Equity above €100,000Eq €101,803
Equity rises from -€7,748 to €101,803.
01-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 1 day late
2023
30-09
Financial
Liquidity triplescurrent ratio 3.52
Current ratio from 1.01 to 3.52.
16-05
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 16 days late
2022
30-09
Financial
Weakest financial yearnet -€25,576
Net result drops to -€25,576, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity times 8current ratio 1.01
Current ratio from 0.12 to 1.01.
26-04
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
16-04
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
23-04
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
06-04
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 6 acts read
About the unread acts
We know of 6 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
6 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, Wervik · 1 establishment unit since 2012
Ground area
1,498 m²
Building footprint
247 m²
Volume, LiDAR
1,197 m³
Parcel 33029D0309/00G000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
Ten Brielensesteenweg 109, 8940 Wervik
since 20122.209.822.623
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33029D0309/00G000 | Flanders | 1,498 m² | 1 · 247 m² | 6.7 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.
Structure & network
Owners and holdings
3 ownersOwners 3
-
40%
-
40%
-
20%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Middelkerke · Eq €74,950
Of 9,699 companies in sector 68121 we hold annual accounts for 7,393. 5,244 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
Founded31-05-2012
Fiscal year end30-09
Activities, NACEBEL 2025
68121Development of residential building projects
46160Agents in the wholesale of textiles, clothing, fur, footwear and leather goods
46170Agents in the wholesale of food, beverages and tobacco
47721Retail sale of footwear
47722Retail trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0846361919
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.