CD Management
ActiveCD Management has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €158k and a net result of €-4k. Equity remains stable across the filed fiscal years (±0.7% per year). Its solvency ranks better than 95% of 18039 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability56▲+42
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 40.4 against 29.33 in 2024; short-term debt: 2% and cash: 67.6% of total assets), and 2.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-4k
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
50 d early
2023
on the day
2022
98 d early
2021
6 d early
2020
67 d late
2019
49 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€158k▼ 2.2%
2024 · €161k
2018: €161k
2019: €173k
2020: €168k
2021: €186k
2022: €172k
2023: €175k
2024: €161k
2018 → 2025
Total assets
€162k▼ 3.4%
2024 · €167k
2018: €166k
2019: €177k
2020: €174k
2021: €195k
2022: €182k
2023: €181k
2024: €167k
2018 → 2025
Net result
€-4k▲ 41.5%
2024 · €-6k
2018: €8k
2019: €12k
2020: €-5k
2021: €18k
2022: €10k
2023: €4k
2024: €-6k
2018 → 2025
Working capital
€127k▼ 19.9%
2024 · €159k
2018: €162k
2019: €173k
2020: €168k
2021: €186k
2022: €172k
2023: €171k
2024: €159k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€186k-€172k▼ 7.4%€175k▲ 1.7%€161k▼ 7.9%€158k▼ 2.2%
Operating result€25k-€16k▼ 36.6%€8k▼ 52.2%€-5k€-3k▲ 35.3%
Net result€18k-€10k▼ 41.4%€4k▼ 63.4%€-6k€-4k▲ 41.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2025 against €5k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €162k
Fixed assets
€31k▲ 937%
Current assets
€130k▼ 20.6%
Equity and liabilities €162k
Equity
€158k▼ 2.2%
Debt
€4k▼ 33.8%
The debt ratio falls from 3.8% to 2.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€3k▲
2024 · €-4k
Cash flow
€2k▲
2024 · €-5k
Solvency
97.4%▲
2024 · 96.2%
Current ratio
40.40▲
2024 · 29.33
Quick ratio
40.40▲
2024 · 29.33
Debt / equity
0.03▼
2024 · 0.04
ROE
-2.3%▲
2024 · -3.8%
ROA
-2.2%▲
2024 · -3.6%
Interest coverage
4.85▲
2024 · -1.62
Debt
€4k▼
2024 · €6k
Debt ≤ 1 year
€3k▼
2024 · €6k
Income taxes
€39▼
2024 · €128
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€167k€162k▼
Fixed assets21/28€3k€31k▲
Tangible fixed assets22/27€3k€31k▲
Furniture and vehicles24€3k€31k▲
Current assets29/58€164k€130k▼
Amounts receivable within one year40/41€17k€21k▲
Trade receivables40€6k€10k▲
Other amounts receivable41€11k€11k▼
Cash at bank and in hand54/58€146k€109k▼
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€167k€162k▼
Equity10/15€161k€158k▼
Contributions10/11€12k€12k=
Reserves13€149k€145k▼
Distributable reserves133€149k€145k▼
Profit (loss) carried forward14€0€0=
Amounts payable17/49€6k€4k▼
Amounts payable within one year42/48€6k€3k▼
Trade debts44€954€823▼
Suppliers440/4€954€823▼
Taxes, remuneration and social security45€5k€2k▼
Taxes450/3€2k€2k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€86€86=
Accrued charges and deferred income492/3€710€953▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€903€6k▲
Other operating charges640/8€646€747▲
Non-recurring operating charges66A-€19k
Gross operating margin9900€-3k€22k▲
Operating profit (loss)9901€-5k€-3k▲
Financial income75/76B€793€0▼
Recurring financial income75€793€0▼
Financial charges65/66B€2k€593▼
Recurring financial charges65€2k€593▼
Profit (loss) for the period before taxes9903€-6k€-4k▲
Income taxes67/77€128€39▼
Profit (loss) for the period9904€-6k€-4k▲
Profit (loss) for the period to be appropriated9905€-6k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-6k€-4k▲
Profit (loss) brought forward from the previous period14P€0-
Transfer from equity791/2€14k€4k▼
Transfer to equity691/2€0-
To other reserves6921€0-
Profit to be distributed694/7€8k€0▼
Return on contributions (dividend)694€8k€0▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-6k ▼261%
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €18k
Net result €18k after one loss-making year.
06-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 67 days late
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 56 days late
2017
13-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 74 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Hulshout · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Hulshout-veld 392235 HulshoutGround area
550 m²
Building footprint
140 m²
Volume, LiDAR
617 m³
Parcel 13016D0007/00E002, Flanders · tallest building 8.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CD Management
since 20052.150.676.971
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13016D0007/00E002 | Flanders | 550 m² | 1 · 139 m² | 8.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
Coppa D'Oro
BE 0421.327.022
Merelbeke-Melle · Eq €155k
BOWTEX
BE 0672.922.355
Nivelles · Eq €154k
R.D.S. - BIKES
BE 0478.826.642
Roosdaal · Eq €161k
DE PAUW R.L.E.
BE 0459.342.213
Gent · Eq €162k
TOP KARS RUISBROEK
BE 0524.698.041
Puurs-Sint-Amands · Eq €152k
Of 1,126 companies in sector 47830 we hold annual accounts for 468. 384 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-12-2005
Fiscal year end31-12
Activities, NACEBEL
45402
47830Retail sale of motorcycles and motorcycle parts and accessories
50400Inland freight water transport
47632Retail sale of bicycles
47785Retail trade
52492
52740
95290Repair and maintenance of other personal and household goods
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:015/24.64.28