CD Promotions
Open bankruptcyA bankruptcy procedure is open for CD Promotions according to publications in the Belgian State Gazette; curator: THOMAS VANDENDRIES. The 2023 annual accounts show equity of €39k and a net result of €29k.
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 20-06-2024, 41 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
41 d early
2022
45 d late
2021
220 d late
2020
31 d late
2019
91 d late
← before the deadline
after the deadline →
Financials · fiscal year 2023, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€39k▲ 286%
2022 · €10k
2018: €-56k
2019: €-27k
2020: €3k
2021: €19k
2022: €10k
2018 → 2023
Total assets
€92k▲ 607%
2022 · €13k
2018: €510k
2019: €528k
2020: €263k
2021: €21k
2022: €13k
2018 → 2023
Net result
€29k▲ 218%
2022 · €9k
2018: €-42k
2019: €29k
2020: €30k
2021: €16k
2022: €9k
2018 → 2023
Working capital
€27k▲ 171%
2022 · €10k
2018: €-56k
2019: €-27k
2020: €3k
2021: €19k
2022: €10k
2018 → 2023
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20192020202120222023Trend
Equity€-27k-€3k€19k▲ 554%€10k▼ 45.6%€39k▲ 286%
Operating result€17k-€18k▲ 7.6%€-45k€9k€42k▲ 358%
Net result€29k-€30k▲ 4.1%€16k▼ 45.9%€9k▼ 43.5%€29k▲ 218%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed two years in a row; 2023 is 358% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €92k
Fixed assets
€12k
Current assets
€81k
Equity and liabilities €92k
Equity
€39k▲ 286%
Debt
€53k▲ 1,707%
The debt ratio rises from 22.6% to 57.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45k
Cash flow
€31k
Solvency
42.3%▼
2022 · 77.4%
Current ratio
1.52▼
2022 · 4.43
Quick ratio
1.52▼
2022 · 4.43
Debt / equity
1.36▲
2022 · 0.29
ROE
74.1%▼
2022 · 90.1%
ROA
31.4%▼
2022 · 69.8%
Interest coverage
93.66
Debt
€53k▲
2022 · €3k
Debt ≤ 1 year
€53k▲
2022 · €3k
Income taxes
€13k
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 · 2023 against 2022
Balance sheet
Code20222023
Assets
Total assets20/58€13k€92k▲
Fixed assets21/28-€12k
Tangible fixed assets22/27-€12k
Furniture and vehicles24-€12k
Current assets29/58€13k€81k▲
Amounts receivable within one year40/41€12k€54k▲
Trade receivables40€12k€54k▲
Other amounts receivable41€215€232▲
Cash at bank and in hand54/58€844€27k▲
Equity and liabilities
Total equity and liabilities10/49€13k€92k▲
Equity10/15€10k€39k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€9k€38k▲
Amounts payable17/49€3k€53k▲
Amounts payable within one year42/48€3k€53k▲
Trade debts44€1k€27k▲
Suppliers440/4€1k€27k▲
Taxes, remuneration and social security45€296€27k▲
Taxes450/3€296€15k▲
Remuneration and social security454/9-€12k
Other amounts payable47/48€1k-
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€2k
Other operating charges640/8€50€2k▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€9k€48k▲
Operating profit (loss)9901€9k€42k▲
Financial charges65/66B€140€478▲
Recurring financial charges65€140€478▲
Profit (loss) for the period before taxes9903€9k€42k▲
Income taxes67/77-€13k
Profit (loss) for the period9904€9k€29k▲
Profit (loss) for the period to be appropriated9905€9k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€38k▲
Profit (loss) brought forward from the previous period14P-€9k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
30-03
Bankruptcy
Opening
Ondernemingsrechtbank Brussel · CD PROMOTIONS BV BRUS- SELSESTEENWEG 292, 3090 OVERIJSE · event 24-03-2026
2024
20-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
14-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 45 days late
08-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 220 days late
2021
31-12
Financial
Liquidity times 9current ratio 9.18
Current ratio from 1.01 to 9.18; short-term debt falls from €260k to €2k.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €30k ▲4.1%
Net result €30k, the highest in the series.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 26 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 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
1 establishment unit since 2015
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.
Ground area
5,788 m²
Building footprint
589 m²
Volume, LiDAR
2,787 m³
2 parcels, Flanders, Wallonia · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CP Promotions sprl
since 20152.244.009.579
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25051D0015/00H000 | Wallonia | 3,854 m² | 1 · 391 m² | 9.1 m · 2 fl. |
| 23062B0376/02D005 | Flanders | 1,934 m² | 1 · 198 m² | 6.6 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | THOMAS VANDENDRIES STEENWEG OP SINT JORIS
WINGE 21, 3200 AARSCHOT |
24-03-2026 → present |
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded25-02-2015
Fiscal year end31-12
Sources
Crossroads Bank for EnterprisesNational Bank · 9 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.