CD&J DEVELOPMENT
ActiveFrom the official registers: KBO 12 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
CD&J DEVELOPMENT has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75,000 and a net result of €123,385. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 28% of 11,235 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
KBO- Status
- Active since 31-05-2012 Normal situation
- Registered office
- 13 active companies are registered at this address Source: KBO register, as of 1 November 2026.
- Activity
- Development of residential building projects NACE 68121and 4 others
- Establishment unit
- 2.209.822.623 8940 Wervik, since 05-06-2012
- Financial year end
- 30 September
- Peppol
- Reachable since 21-10-2026
Board and ownership
- HOUSING INVESTManaging director · permanent representative Dirk CLARYSSE
- DEVAN HOLDINGDirector · permanent representative Steve DEGRIECK
- GROEP CAENEN HOLDINGDirector · permanent representative Gregory CAENEN
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €206,922
- ▼ 45.3%
- Turnover
- ≈ €400,000
- estimated
- Profit
- €123,385
- ▼ 56.6%
- Equity
- €75,000
- ▼ 26.3%
- Total assets
- €846,342
- ▼ 71.8%
Score breakdownraises riskEquity €75,000 (8.9% of total assets)Profit of €123,385 (financial year 2025)lowers riskSize: total assets €846,342Figures for financial year 2025 (filed on 04-02-2026)Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 30% of them on solvency, 14% on liquidity, 68% on profitability and 18% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 32 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 31-01-2026 PDF all 12 filings
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result for 2025 is 46% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as CD&J DEVELOPMENT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €741,000 and €857,000, founded between 2010 and 2014.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| CD&J DEVELOPMENT Wervik | 2012 | €846,342 | €75,000 | €206,922 | €123,385 | - | 2025 |
| MINABO Zedelgem | 2011 | €857,125 | €232,276 | €239,593 | €110,560 | - | 2025 |
| CUBE INVEST Alveringem | 2012 | €810,244 | €563,545 | €284,289 | €147,285 | - | 2025 |
| JOEL DELFORCE Alveringem | 2010 | €764,417 | €491,320 | €266,170 | €12,697 | - | 2025 |
| Projectplan Kortrijk | 2014 | €741,290 | €397,565 | €143,672 | €74,179 | 0 | 2025 |
| ROGEBO Heusden-Zolder | 2012 | €823,555 | €681,181 | €263,020 | €166,722 | - | 2025 |
| VIRAGES Walhain | 2012 | €754,457 | €212,857 | €267,408 | €54,188 | - | 2025 |
They were chosen from the 7,757 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 536 companies had the same profile as CD&J DEVELOPMENT has now. Two years later, 0.7% had gone bankrupt and 95.9% were still going.
- Small
- 10 to 20 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
That fits the bankruptcy probability of CD&J DEVELOPMENT itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 536 companies, not a prediction for CD&J DEVELOPMENT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €459 | €565 | €604 | €606 | €1,255 | ▲ 107% |
| Gross operating margin9900 | -€3,214 | -€3,561 | -€3,196 | -€9,759 | -€4,081 | €378,438 | €206,922 | ▼ 45.3% |
| Operating profit (loss)9901 | -€3,668 | -€4,017 | -€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 | €35 | €39 | €135 | €15,253 | €10,933 | €36,196 | €40,519 | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | -€3,703 | -€4,056 | -€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 | -€3,703 | -€4,056 | -€3,789 | -€25,576 | -€15,443 | €284,551 | €123,385 | ▼ 56.6% |
| Profit (loss) for the period to be appropriated9905 | -€3,703 | -€4,056 | -€3,789 | -€25,576 | -€15,443 | €284,551 | €123,385 | ▼ 56.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.001m | €0.02m | €0.002m | €0.7m | €2.8m | €3.0m | €0.8m | ▼ 71.8% |
| Current assets29/58 | €0.001m | €0.02m | €0.002m | €0.7m | €2.8m | €3.0m | €0.8m | ▼ 71.8% |
| Stocks and contracts in progress3 | - | - | - | €0.1m | €1.8m | €1.7m | - | - |
| Stocks30/36 | - | - | - | €0.1m | €1.8m | €1.7m | - | - |
| Amounts receivable within one year40/41 | €0.001m | €81 | €0.001m | €0.007m | €0.4m | €0.9m | €0.7m | ▼ 12.9% |
| Trade receivables40 | - | - | - | €0.004m | €0.4m | €0.9m | €0.7m | ▼ 19.0% |
| Other amounts receivable41 | - | - | €0.001m | €0.003m | - | €0.005m | €0.06m | ▲ 990% |
| Cash at bank and in hand54/58 | €10 | €0.02m | €0.002m | €0.6m | €0.4m | €0.5m | €0.1m | ▼ 78.3% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.2m | - | - | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.001m | €0.02m | €0.002m | €0.7m | €2.8m | €3.0m | €0.8m | ▼ 71.8% |
| Equity10/15 | -€0.009m | -€0.01m | -€0.02m | €0.008m | -€0.008m | €0.1m | €0.08m | ▼ 26.3% |
| Contributions10/11 | €0.03m | - | €0.03m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Reserves13 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | - | - |
| Non-distributable reserves130/1 | - | - | €0.001m | - | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €0.001m | - | - | - | - | - |
| Distributable reserves133 | - | - | - | €0.001m | €0.001m | €0.001m | - | - |
| Profit (loss) carried forward14 | -€0.03m | -€0.04m | -€0.04m | -€0.07m | -€0.08m | €0.03m | - | - |
| Amounts payable17/49 | €0.01m | €0.03m | €0.02m | €0.7m | €2.8m | €2.9m | €0.8m | ▼ 73.4% |
| Amounts payable within one year42/48 | €0.01m | €0.03m | €0.02m | €0.7m | €0.8m | €2.6m | €0.7m | ▼ 72.3% |
| Trade debts44 | €0.003m | €0.003m | €0.001m | €0.006m | €0.3m | €2.0m | €0.4m | ▼ 77.9% |
| Suppliers440/4 | - | - | €0.001m | €0.006m | €0.3m | €2.0m | €0.4m | ▼ 77.9% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.09m | €0.07m | €0.002m | ▼ 97.1% |
| Taxes450/3 | - | - | - | - | €0.09m | €0.07m | €0.002m | ▼ 97.1% |
| Other amounts payable47/48 | - | - | €0.02m | €0.7m | €0.4m | €0.6m | €0.3m | ▼ 50.6% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €2.0m | €0.3m | €0.04m | ▼ 84.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,703 | -€4,056 | -€3,789 | -€25,576 | -€15,443 | €284,551 | €123,385 | ▼ 56.6% |
| Operating cash flow (approximation) | -€3,703 | -€4,056 | -€3,789 | -€25,576 | -€15,443 | €284,551 | €123,385 | ▼ 56.6% |
| Change in cash | - | €15,248 | -€13,483 | €558,489 | -€186,068 | €84,629 | -€359,224 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-09-2025 | abbreviated format | 31-01-2026 | 2026-00030576 | |
| 30-09-2024 | abbreviated format | 04-05-2025 | 2025-00087601 | |
| 30-09-2023 | abbreviated format | 01-05-2024 | 2024-00081120 | |
| 30-09-2022 | abbreviated format | 16-05-2023 | 2023-00090233 | |
| 30-09-2021 | abbreviated format | 26-04-2022 | 2022-20019474 | |
| 30-09-2020 | abbreviated format | 31-03-2021 | 2021-09300331 | |
| 30-09-2019 | abbreviated format | 02-01-2020 | 2020-00200138 | |
| 30-09-2018 | abbreviated format | 16-04-2019 | 2019-10100524 | |
| 30-09-2017 | abbreviated format | 23-04-2018 | 2018-10500138 | |
| 30-09-2016 | abbreviated format | 06-04-2017 | 2017-09100389 |
Board & ownership
Directors
Board 3
Day-to-day management 1
Permanent representatives 3
Owners and capital
Shareholders
3 ownersOwners 3
-
40%
-
40%
-
20%
Capital transactions
- JANA INVEST €50,000 in cash
- 18-05-2022 Converted to unavailable equity · €25,000
- 18-05-2022 Converted to unavailable equity
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| DEVAN HOLDING |
|
| GROEP CAENEN HOLDING |
|
| HOUSING INVEST |
|
| Dirk CLARYSSE |
|
| Jolien BAERT |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Twee of meer bestuurders benoemd”“Bepaalde of onbepaalde termijn, algemene vergadering bij drie vierde meerderheid steeds wegens wettige reden zonder opzeggingstermijn of…”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “250, gelijke rechten inclusief stemrecht”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Algemene vergadering oproepen, bestuursorgaan”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Commissaris controleert indien benoemd, enige vereffenaar of elke vereffenaar individueel handelend bevoegd voor alle handelingen nodig of…”
Articles of association, deed of 18-05-2022 (in Dutch)
Network & group
Connections & network
15 connected companiesShow 11 more companies with a shared director
Timeline
Acts, filings and financial milestones
18-05
Gazette deed
Resignations: Jolien BAERT (statutory director) and Dirk CLARYSSE (director)Appointments: HOUSING INVEST, GROEP CAENEN HOLDING and DEVAN HOLDING · Permanent representatives: Dirk CLARYSSE, Gregory CAENEN and Steve DEGRIECK · Legal-form conversion28 points ▸
- Legal-form conversion, “besloten vennootschap” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening “Onbeschikbare inbreng buiten kapitaal Andere”” (deed in Dutch)
- Reserve release, “beschikbare eigen vermogensrekening “Beschikbare inbreng buiten kapitaal - Andere”” (deed in Dutch)
- Other provision, “statutair onbeschikbaar eigen vermogen” (deed in Dutch), mentioned 2 times in the deed
- Name change, CD&J DEVELOPMENT
- Capital contribution, €50,000
- Other provision, “uitgifte nieuwe aandelen” (deed in Dutch)
- Other provision, “volstorting inbreng in geld”, 50000 (deed in Dutch)
- Other provision, “beschikbare post van het eigen vermogen” (deed in Dutch)
- Registered office clause, “Vlaams Gewest, 8940 Wervik,Ten Brielensesteenweg 109” (deed in Dutch)
- Amendment of the articles, mentioned 4 times in the deed
- Purpose change
- The act holds 16 more points.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0846.361.919
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 33029D0309/00G000 | Flanders | 1,498 m² | 1 · 247 m² | 6.7 m · 2 |