Active BE 0598.961.142Private limited companyOpen bankruptcy

CD Promotions

· 11 yrs active

Conclusion Checked

A bankruptcy procedure is open for CD Promotions according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €39k and a net result of €29k.

Based on the State Gazette, CBE and 6 annual accounts.

Key figures

Equity	€39k
Net result	€29k
Active	11 yrs
Board	1

Snowflake analysis 5 of 5 axes measured · computed by Checked

58 / 100

Mixed profile: strong on profitability, weaker on stability.

All 5 axes are computed from data Checked has read.

Health 34

Profitability 100

Solvency 76

Growth 78

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Health barometer FY 2023 · computed

34 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview9 NBB filings

Annual accounts filed on 20-06-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

EBITDA

€45k

- 18-23

Net profit

€29k

+217.8% 18-23

Cash flow

€31k

- 18-23

Total assets

€92k

+606.7% 18-23

Equity

€39k

+286.4% 18-23

Working capital

€27k

+171.1% 18-23

Income taxes

€13k

+4263.1% 18-23

Debt

€53k

+1706.8% 18-23

Debt ≤ 1y

€53k

+1706.8% 18-23

Current ratio

1.52

-65.8% 18-23

Quick ratio

1.52

-65.8% 18-23

Solvency

42.3%

-45.3% 18-23

Debt / equity

1.36

+367.6% 18-23

ROE

74.1%

-17.8% 18-23

ROA

31.4%

-55.0% 18-23

Interest coverage

93.66

- 18-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€45k
Net profit	€29k
Cash flow	€31k
Staff costs	-
Income taxes	€13k
Dividends	-
Total assets	€92k
Equity	€39k
Debt	€53k
of which ≤ 1y	€53k
of which > 1y	-
Working capital	€27k
Employees (FTE)	-

Ratios (computed)

	2023
Current ratio	1.52
Quick ratio	1.52
Working capital ratio	29.7%
Solvency	42.3%
Debt / equity	1.36
Long-term debt ratio	-
Interest coverage	93.66
Gross margin	-
Net margin	-
ROA	31.4%
ROE	74.1%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €12k · 12.6% Current assets €81k · 87.4%

Equity & liabilities

Equity €39k · 42.3% Debt €53k · 57.7%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€92k
Fixed assets	21/28	€12k
Tangible fixed assets	22/27	€12k
Current assets	29/58	€81k
Amounts receivable within one year	40/41	€54k
Cash & bank	54/58	€27k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€92k
Equity	10/15	€39k
Contributions / capital	10/11	€1k
Accumulated profits (losses)	14	€38k
Amounts payable	17/49	€53k
Amounts payable within one year	42/48	€53k
Trade debts payable within one year	44	€27k
Income statement
Gross operating margin	9900	€48k
Operating result	9901	€42k
Financial charges	65	€478
Result before taxes	9903	€42k
Income taxes	67/77	€13k
Net result for the period	9904	€29k
Result to be appropriated	9905	€29k

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Ratios computed by Checked.

Directors & mandates 3 directors

Current directors & mandates

Botaro Sergio
Managing director
State Gazette act 25018314 (05-02-2025)

Current
30-06-2024 → present

Former directors (2)

Talla Younes
Director
State Gazette act 22110161 (15-09-2022)

Former
10-06-2022 → 30-09-2024
3 events
- 30-09-2024 Resigned· Director
- 30-09-2024 Resigned· Afgevaardigde voor het dagelijks bestuur
- 10-06-2022 Appointed· Director
Schwarz Michel
Director
State Gazette act 22110161 (15-09-2022)

Former
- → 10-06-2022

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	THOMAS VANDENDRIES STEENWEG OP SINT JORIS WINGE 21, 3200 AARSCHOT ↔ Also on 192 other cases	24-03-2026 → present	Belgian State Gazette

Legal Structure

NACE primary	-
Legal form	Private limited company(610)
Incorporation	25-02-2015
Status	Active
Postal code	-
First BS signal	30-03-2026
Latest BS signal	30-03-2026

Company structure, linked entities1 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

CP Promotions sprl

Algemene bouw van andere niet-residentiële gebouwen

since 20152.244.009.579

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.

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.

Updates 13 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026

30-03-2026

Bankruptcy Opening

Ondernemingsrechtbank Brussel · CD PROMOTIONS BV BRUS- SELSESTEENWEG 292, 3090 OVERIJSE · event 24-03-2026

2025

30-04-2025

State Gazette act Director changes

05-02-2025

State Gazette act Capital & shares

2024

20-06-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

14-09-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

08-03-2023

NBB filing Annual accounts filed

fiscal year 2021 · micro

2022

15-09-2022

State Gazette act Capital & shares

2021

31-08-2021

NBB filing Annual accounts filed

fiscal year 2020 · micro

2020

30-10-2020

NBB filing Annual accounts filed

fiscal year 2019 · micro

2019

26-08-2019

NBB filing Annual accounts filed

fiscal year 2018 · micro

2018

17-07-2018

NBB filing Annual accounts filed

fiscal year 2017 · micro

2017

28-08-2017

NBB filing Annual accounts filed

fiscal year 2016 · volledig

2016

31-08-2016

NBB filing Annual accounts filed

fiscal year 2015 · volledig

Lifecycle & Insolvency Signals 1 events

30-03-2026

Bankruptcy Opening

Date: 24-03-2026 · Ondernemingsrechtbank Brussel · CD PROMOTIONS BV BRUS- SELSESTEENWEG 292, 3090 OVERIJSE · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgisch Staatsblad, acts 3 acts

Capital history · 2

05-02-2025

Capital change

15-09-2022

Capital change

All acts · 3 updated 1 year ago

2025

30-04-2025 2 resigning Director changes

Talla Younes, Bestuurder
Talla Younes, Afgevaardigde voor het dagelijks bestuur

Original publication ↗

Technical details

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05-02-2025 All shares are now held by a single shareholder Capital & shares

Original publication ↗

Technical details

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      "n_shares": 0,
      "share_class": null
    }
  ],
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2022

15-09-2022 Transaction in capital or shares Capital & shares

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameNL

CD Promotions

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.