CD LAW
ActiveSummary
CD LAW has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €308,764 and a net result of €19,183. Equity is growing by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 25% of 15368 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability71▲+26
Solvency56▼-10
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.67 in 2023; short-term debt: 54.7% and cash: 1.9% of total assets), but 68.6% of the assets are financed with debt.
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Signals
Six 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 →
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 25% of 15368 sector peers (2024).
NBB · sector comparisonPosition among 15368 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
359 d late
2022
589 d late
2021
87 d late
2020
290 d late
2019
279 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 267 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€308,764▼ 41.4%
2023 · €527,081
Total assets
€984,080▼ 23.7%
2023 · €1.3m
Net result
€19,183▲ 2.7%
2023 · €18,680
Working capital
€375,252▼ 13.3%
2023 · €432,679
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 69, Legal and accounting activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€255,905▼ 12.0%€212,908▼ 16.8%€145,804▼ 31.5%€30,409▼ 79.1%€72,485▲ 138%
Net result€195,148above the sector's middle half▼ 3.3%€151,288above the sector's middle half▼ 22.5%€59,240within the sector's middle half▼ 60.8%€18,680within the sector's middle half▼ 68.5%€19,183within the sector's middle half▲ 2.7%
Equity€397,873above the sector's middle half▲ 96.3%€549,161above the sector's middle half▲ 38.0%€608,400above the sector's middle half▲ 10.8%€527,081above the sector's middle half▼ 13.4%€308,764above the sector's middle half▼ 41.4%
Total assets€711,370above the sector's middle half▲ 110%€998,871above the sector's middle half▲ 40.4%€1.1mabove the sector's middle half▲ 8.2%€1.3mabove the sector's middle half▲ 19.4%€984,080above the sector's middle half▼ 23.7%
Debt€313,497▲ 131%€449,710▲ 43.4%€472,558▲ 5.1%€763,476▲ 61.6%€675,316▼ 11.5%
Working capital€271,849above the sector's middle half▲ 35.0%€406,698above the sector's middle half▲ 49.6%€484,125above the sector's middle half▲ 19.0%€432,679above the sector's middle half▼ 10.6%€375,252above the sector's middle half▼ 13.3%
Solvency55.9%within the sector's middle half▼ 4.0pp55.0%within the sector's middle half▼ 1.0pp56.3%within the sector's middle half▲ 1.3pp40.8%within the sector's middle half▼ 15.4pp31.4%below the sector's middle half▼ 9.5pp
Current ratio1.87within the sector's middle half▼ 0.622.06within the sector's middle half▲ 0.192.14within the sector's middle half▲ 0.081.67within the sector's middle half▼ 0.461.70within the sector's middle half▲ 0.02
Return on assets (ROA)27.4%above the sector's middle half▼ 32.2pp15.1%within the sector's middle half▼ 12.3pp5.5%within the sector's middle half▼ 9.7pp1.4%below the sector's middle half▼ 4.0pp1.9%below the sector's middle half▲ 0.5pp
Staff (FTE)11=1.1▲ 10.0%1.4▲ 27.3%
above
within
below
the middle half (P25 to P75) of NACE 69, Legal and accounting 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 recovers in 2024; 2024 is 138% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €984,080
Fixed assets
€70,603 ▼ 67.2%
Current assets
€913,478 ▼ 15.0%
Equity and liabilities €984,080
Equity
€308,764 ▼ 41.4%
Debt
€675,316 ▼ 11.5%
Debt's share of the balance-sheet total rises from 59.2% to 68.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€84,493▲
2023 · €59,760
Cash flow
€31,191▼
2023 · €48,031
Debt to equity
2.19▲
2023 · 1.45
ROE
6.2%▲
2023 · 3.5%
Interest coverage
6.85▲
2023 · 2.90
Debt ≤ 1 year
€538,226▼
2023 · €642,443
Debt > 1 year
€77,091▼
2023 · €121,033
Income taxes
€41,000▲
2023 · €12,800
Staff costs
€68,694▲
2023 · €49,498
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,048 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 94% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
2.2%
went bankrupt
3.8%
stopped otherwise
94%
still going
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 5,048 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €1,466 | - | - | - | - |
| Remuneration, social security and pensions62 | €19,726 | €26,234 | €51,294 | €49,498 | €68,694 | ▲ 38.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,905 | €25,391 | €37,658 | €29,351 | €12,008 | ▼ 59.1% |
| Other operating charges640/8 | €6,608 | €42,493 | €20,271 | €38,896 | €88,914 | ▲ 129% |
| Gross operating margin9900 | €291,145 | €307,026 | €255,027 | €148,154 | €242,100 | ▲ 63.4% |
| Operating profit (loss)9901 | €255,905 | €212,908 | €145,804 | €30,409 | €72,485 | ▲ 138% |
| Financial income75/76B | €4,375 | €5,177 | €8,318 | €21,692 | €32 | ▼ 99.9% |
| Recurring financial income75 | €4,375 | €5,177 | €8,318 | €21,692 | €32 | ▼ 99.9% |
| Financial charges65/66B | €1,974 | €2,798 | €7,110 | €20,621 | €12,334 | ▼ 40.2% |
| Recurring financial charges65 | €1,974 | €2,798 | €7,110 | €20,621 | €12,334 | ▼ 40.2% |
| Profit (loss) for the period before taxes9903 | €258,307 | €215,288 | €147,012 | €31,480 | €60,183 | ▲ 91.2% |
| Income taxes67/77 | €63,159 | €64,000 | €87,772 | €12,800 | €41,000 | ▲ 220% |
| Profit (loss) for the period9904 | €195,148 | €151,288 | €59,240 | €18,680 | €19,183 | ▲ 2.7% |
| Profit (loss) for the period to be appropriated9905 | €195,148 | €151,288 | €59,240 | €18,680 | €19,183 | ▲ 2.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €711,370 | €998,871 | €1.1m | €1.3m | €984,080 | ▼ 23.7% |
| Fixed assets21/28 | €126,024 | €207,484 | €171,006 | €215,435 | €70,603 | ▼ 67.2% |
| Intangible fixed assets21 | €13,465 | €9,811 | €6,731 | €3,651 | €1,095 | ▼ 70.0% |
| Tangible fixed assets22/27 | €82,168 | €166,663 | €132,265 | €181,274 | €38,998 | ▼ 78.5% |
| Furniture and vehicles24 | €15,001 | €103,708 | €77,973 | €135,646 | €2,034 | ▼ 98.5% |
| Other tangible fixed assets26 | €67,167 | €62,955 | €54,292 | €45,628 | €36,964 | ▼ 19.0% |
| Financial fixed assets28 | €30,390 | €31,010 | €32,010 | €30,510 | €30,510 | = |
| Current assets29/58 | €585,346 | €791,387 | €909,952 | €1.1m | €913,478 | ▼ 15.0% |
| Amounts receivable after more than one year29 | €175,000 | €175,000 | €413,600 | €559,600 | €334,025 | ▼ 40.3% |
| Other amounts receivable291 | €175,000 | €175,000 | €413,600 | €559,600 | €334,025 | ▼ 40.3% |
| Amounts receivable within one year40/41 | €319,115 | €554,324 | €484,501 | €508,980 | €560,467 | ▲ 10.1% |
| Trade receivables40 | €319,115 | €435,423 | €479,714 | €508,980 | €560,467 | ▲ 10.1% |
| Other amounts receivable41 | - | €118,901 | €4,787 | - | - | - |
| Current investments50/53 | €90,894 | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €38,855 | €7,871 | - | €18,986 | - |
| Deferred charges and accrued income490/1 | €337 | €23,208 | €3,980 | €6,541 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €711,370 | €998,871 | €1.1m | €1.3m | €984,080 | ▼ 23.7% |
| Equity10/15 | €397,873 | €549,161 | €608,400 | €527,081 | €308,764 | ▼ 41.4% |
| Contributions10/11 | €1,000 | €1,000 | €1,000 | €1,000 | €1,000 | = |
| Profit (loss) carried forward14 | €396,873 | €548,161 | €607,400 | €526,081 | €307,764 | ▼ 41.5% |
| Amounts payable17/49 | €313,497 | €449,710 | €472,558 | €763,476 | €675,316 | ▼ 11.5% |
| Amounts payable after more than one year17 | - | €65,021 | €46,731 | €121,033 | €77,091 | ▼ 36.3% |
| Financial debts170/4 | - | €65,021 | €46,731 | €121,033 | €77,091 | ▼ 36.3% |
| Amounts payable within one year42/48 | €313,497 | €384,689 | €425,827 | €642,443 | €538,226 | ▼ 16.2% |
| Current portion of amounts payable after more than one year42 | - | €18,064 | €18,290 | €201,469 | €43,942 | ▼ 78.2% |
| Financial debts43 | - | - | - | €49,395 | - | - |
| Credit institutions430/8 | - | - | - | €49,395 | - | - |
| Trade debts44 | €78,212 | €91,190 | €64,602 | €107,350 | €198,384 | ▲ 84.8% |
| Suppliers440/4 | €78,212 | €91,190 | €64,602 | €107,350 | €198,384 | ▲ 84.8% |
| Taxes, remuneration and social security45 | €225,806 | €275,435 | €342,935 | €198,095 | €295,895 | ▲ 49.4% |
| Taxes450/3 | €220,603 | €275,391 | €337,034 | €193,559 | €281,872 | ▲ 45.6% |
| Remuneration and social security454/9 | €5,203 | €43 | €5,901 | €4,536 | €14,024 | ▲ 209% |
| Other amounts payable47/48 | €9,478 | - | - | €86,134 | €4 | ▼ 100.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €60,000 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €195,148 | €151,288 | €59,240 | €18,680 | €19,183 | ▲ 2.7% |
| + Depreciation and write-downs630 | €8,905 | €25,391 | €37,658 | €29,351 | €12,008 | ▼ 59.1% |
| Operating cash flow (approximation) | €204,053 | €176,679 | €96,898 | €48,031 | €31,191 | ▼ 35.1% |
| Investment in fixed assets (approximation) | - | -€106,851 | -€1,180 | -€73,779 | €132,824 | ▲ 280% |
| Change in cash | - | - | -€30,984 | - | - | - |
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
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 359 days late
11-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 589 days late
2023
31-12
Financial
Weakest financial yearnet €18,680 ▼68.5%
Net result drops to €18,680, the lowest in the series; recovery starts the following year.
2022
26-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 87 days late
17-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 290 days late
2021
31-12
Financial
Equity above €500,000Eq €549,161 ▲38%
3 profitable years in a row build equity to €549,161.
06-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 279 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
No directors read yet: 0 of 2 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Oudergem · 2 establishment units since 2019
Ground area
7,983 m²
Building footprint
3,653 m²
Volume, LiDAR
131,239 m³
2 parcels, Brussels · tallest building 106.8 m, ±30 floors. Linked by address, not a title deed.
2 establishment units
CD LAW
since 20192.292.767.521
Louizalaan 480, 1050 Brussel
since 20202.305.157.587
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0424/00D008 | Brussels | 5,192 m² | 1 · 2,419 m² | 27.6 m · 7 fl. |
| 21822R0227/00V003 | Brussels | 2,791 m² | 1 · 1,235 m² | 106.8 m · 30 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 22,057 companies in this sector we hold annual accounts for 9,060. 6,704 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded12-08-2019
Fiscal year end31-12
Activities, NACEBEL 2025
69101Activities of lawyers
Contact
E-mail
chdelmarcelle@hotmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0732525291
Also
9925:BE0732525291
Registered
18-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.