CD-TECHNOLOGY
ActiveFinancials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00492835.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 12 filings
Turnover
≈ €4,300
Estimated: probably between €2,000 and €13,000
EBIT margin
Not included in this filing
Net result
-€918▲ 39.0%
2024 · -€1,504
Working capital
€12,269▼ 5.4%
2024 · €12,969
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€376
▲ 55.9%
2025
20182025
Net result
-€918
▲ 39.0%
2025
middle half of the sector
20182025
Equity
€13,055
▼ 6.6%
2025
lowest quarter of the sector
20182025
Total assets
€31,143
▲ 63.3%
2025
lowest quarter of the sector
20182025
Debt
€18,088
▲ 255%
2025
20182025
Working capital
€12,269
▼ 5.4%
2025
middle half of the sector
20182025
Solvency
41.9%
▼ 31.4pp
2025
middle half of the sector
20182025
Current ratio
1.71
▼ 2.12
2025
middle half of the sector
20182025
Return on assets (ROA)
-2.9%
▲ 4.9pp
2025
lowest quarter of the sector
20182025
Staff (FTE)
no figure
2025
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€5,288--€6,721▼ 27.1%€282€4,069▲ 14×-€5,064-€19,654▼ 288%-€853▲ 95.7%-€376▲ 55.9%
Net result-€5,454--€6,981▼ 28.0%€158within the sector's middle half€3,347within the sector's middle half▲ 21×-€5,334below the sector's middle half-€20,059below the sector's middle half▼ 276%-€1,504below the sector's middle half▲ 92.5%-€918within the sector's middle half▲ 39.0%
Equity€44,347-€37,365▼ 15.7%€37,523within the sector's middle half▲ 0.4%€40,871within the sector's middle half▲ 8.9%€35,536below the sector's middle half▼ 13.1%€15,477below the sector's middle half▼ 56.4%€13,973below the sector's middle half▼ 9.7%€13,055below the sector's middle half▼ 6.6%
Total assets€57,628-€40,845▼ 29.1%€42,293below the sector's middle half▲ 3.5%€51,737below the sector's middle half▲ 22.3%€47,357below the sector's middle half▼ 8.5%€36,992below the sector's middle half▼ 21.9%€19,066below the sector's middle half▼ 48.5%€31,143below the sector's middle half▲ 63.3%
Debt€13,282-€3,479▼ 73.8%€4,769▲ 37.1%€10,867▲ 128%€11,821▲ 8.8%€21,515▲ 82.0%€5,093▼ 76.3%€18,088▲ 255%
Working capital€37,203-€31,717▼ 14.7%€35,262within the sector's middle half▲ 11.2%€39,371within the sector's middle half▲ 11.7%€34,036within the sector's middle half▼ 13.5%€13,977within the sector's middle half▼ 58.9%€12,969within the sector's middle half▼ 7.2%€12,269within the sector's middle half▼ 5.4%
Solvency77.0%-91.5%▲ 14.5pp88.7%above the sector's middle half▼ 2.8pp79.0%above the sector's middle half▼ 9.7pp75.0%above the sector's middle half▼ 4.0pp41.8%within the sector's middle half▼ 33.2pp73.3%above the sector's middle half▲ 31.5pp41.9%within the sector's middle half▼ 31.4pp
Current ratio3.80-10.12▲ 6.318.39above the sector's middle half▼ 1.724.62above the sector's middle half▼ 3.773.88above the sector's middle half▼ 0.741.65within the sector's middle half▼ 2.233.82above the sector's middle half▲ 2.171.71within the sector's middle half▼ 2.12
Return on assets (ROA)-9.5%--17.1%▼ 7.6pp0.4%within the sector's middle half▲ 17.5pp6.5%within the sector's middle half▲ 6.1pp-11.3%below the sector's middle half▼ 17.7pp-54.2%below the sector's middle half▼ 43.0pp-7.9%below the sector's middle half▲ 46.3pp-2.9%below the sector's middle half▲ 4.9pp
Staff (FTE)1-
above
within
below
The sector band is the middle half of the companies in Computer programming, consultancy and related activities (NACE 62). 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 operating result for 2025 is a loss of €376, smaller than the loss of €853 in 2024.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31,143
Fixed assets
€1,500 =
Current assets
€29,643 ▲ 68.8%
Equity and liabilities €31,143
Equity
€13,055 ▼ 6.6%
Debt
€18,088 ▲ 255%
Debt's share of the balance-sheet total rises from 26.7% to 58.1%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
1.39▲
2024 · 0.36
ROE
-7.0%▲
2024 · -10.8%
Debt ≤ 1 year
€17,374▲
2024 · €4,596
Income taxes
€257▲
2024 · €229
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €761 | €0 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,616 | €5,797 | €3,387 | €761 | €0 | - | - | - | - |
| Other operating charges640/8 | - | - | - | €1,113 | €953 | €1,374 | €889 | €1,002 | ▲ 12.8% |
| Gross operating margin9900 | €34,416 | €2,283 | €4,436 | €5,944 | -€4,112 | -€18,279 | €36 | €626 | ▲ 18× |
| Operating profit (loss)9901 | -€5,288 | -€6,721 | €282 | €4,069 | -€5,064 | -€19,654 | -€853 | -€376 | ▲ 55.9% |
| Financial income75/76B | - | - | - | €138 | €79 | €13 | €199 | €68 | ▼ 65.8% |
| Recurring financial income75 | €508 | €159 | €122 | €138 | €79 | €13 | €199 | €68 | ▼ 65.8% |
| Financial charges65/66B | - | - | - | €129 | €138 | €177 | €621 | €353 | ▼ 43.1% |
| Recurring financial charges65 | €384 | €122 | €88 | €129 | €138 | €177 | €621 | €353 | ▼ 43.1% |
| Profit (loss) for the period before taxes9903 | -€5,164 | -€6,683 | €317 | €4,079 | -€5,124 | -€19,818 | -€1,275 | -€661 | ▲ 48.1% |
| Income taxes67/77 | €290 | €298 | €159 | €732 | €210 | €241 | €229 | €257 | ▲ 12.0% |
| Profit (loss) for the period9904 | -€5,454 | -€6,981 | €158 | €3,347 | -€5,334 | -€20,059 | -€1,504 | -€918 | ▲ 39.0% |
| Profit (loss) for the period to be appropriated9905 | -€5,454 | -€6,981 | €158 | €3,347 | -€5,334 | -€20,059 | -€1,504 | -€918 | ▲ 39.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €57,628 | €40,845 | €42,293 | €51,737 | €47,357 | €36,992 | €19,066 | €31,143 | ▲ 63.3% |
| Fixed assets21/28 | €7,143 | €5,648 | €2,261 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Tangible fixed assets22/27 | €5,643 | €4,148 | €761 | €0 | - | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €0 | - | - | - | - | - |
| Financial fixed assets28 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Current assets29/58 | €50,485 | €35,197 | €40,032 | €50,237 | €45,857 | €35,492 | €17,566 | €29,643 | ▲ 68.8% |
| Amounts receivable after more than one year29 | - | - | - | €25,400 | €37,900 | €25,400 | €0 | - | - |
| Other amounts receivable291 | - | - | - | €25,400 | €37,900 | €25,400 | €0 | - | - |
| Amounts receivable within one year40/41 | €42,404 | €5,332 | €1,288 | €5,867 | €4,597 | €1,837 | €15,009 | €1,039 | ▼ 93.1% |
| Trade receivables40 | - | - | - | €0 | - | - | €14,164 | €363 | ▼ 97.4% |
| Other amounts receivable41 | - | - | - | €5,867 | €4,597 | €1,837 | €845 | €676 | ▼ 20.0% |
| Cash at bank and in hand54/58 | €1,932 | €511 | €9,288 | €18,026 | €3,286 | €465 | €2,483 | €28,026 | ▲ 11× |
| Deferred charges and accrued income490/1 | - | - | - | €944 | €74 | €7,790 | €74 | €578 | ▲ 683% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €57,628 | €40,845 | €42,293 | €51,737 | €47,357 | €36,992 | €19,066 | €31,143 | ▲ 63.3% |
| Equity10/15 | €44,347 | €37,365 | €37,523 | €40,871 | €35,536 | €15,477 | €13,973 | €13,055 | ▼ 6.6% |
| Contributions10/11 | €14,000 | €14,000 | - | €14,000 | €14,000 | €14,000 | €14,000 | €14,000 | = |
| Reserves13 | €17,871 | €17,871 | €17,871 | €21,218 | €21,218 | €21,218 | €21,218 | €21,218 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | €19,358 | €19,358 | €21,218 | €21,218 | €21,218 | = |
| Profit (loss) carried forward14 | €12,475 | €5,494 | €5,652 | €5,652 | €318 | -€19,741 | -€21,245 | -€22,163 | ▼ 4.3% |
| Amounts payable17/49 | €13,282 | €3,479 | €4,769 | €10,867 | €11,821 | €21,515 | €5,093 | €18,088 | ▲ 255% |
| Amounts payable within one year42/48 | €13,282 | €3,479 | €4,769 | €10,867 | €11,821 | €21,515 | €4,596 | €17,374 | ▲ 278% |
| Trade debts44 | €7,505 | €2,157 | €3,400 | €10,402 | €3,552 | €15,892 | €1,966 | €301 | ▼ 84.7% |
| Suppliers440/4 | - | - | - | €10,402 | €3,552 | €15,892 | €1,966 | €301 | ▼ 84.7% |
| Taxes, remuneration and social security45 | - | - | - | €444 | €7,726 | €755 | €523 | €893 | ▲ 70.9% |
| Taxes450/3 | - | - | - | €444 | €7,726 | €755 | €523 | €893 | ▲ 70.9% |
| Other amounts payable47/48 | - | - | - | €20 | €543 | €4,867 | €2,107 | €16,179 | ▲ 668% |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €496 | €714 | ▲ 43.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,454 | -€6,981 | €158 | €3,347 | -€5,334 | -€20,059 | -€1,504 | -€918 | ▲ 39.0% |
| + Depreciation and write-downs630 | €5,616 | €5,797 | €3,387 | €761 | €0 | - | - | - | - |
| Operating cash flow (approximation) | €162 | -€1,184 | €3,545 | €4,108 | -€5,334 | -€20,059 | -€1,504 | -€918 | ▲ 39.0% |
| Investment in fixed assets (approximation) | - | -€4,302 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€1,421 | €8,777 | €8,738 | -€14,740 | -€2,821 | €2,017 | €25,543 | ▲ 13× |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 6,908 companies had the same profile as CD-TECHNOLOGY has now. Two years later, 90.9% were still going and 1.1% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
90.9%
was still going
7.8%
stopped otherwise
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CD-TECHNOLOGY itself is lower: 0.1% within 12 months. It rests on far more data about CD-TECHNOLOGY than the profile alone.
Test of the method
The method was tested on the 497,446 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 6,908 companies, not a prediction for CD-TECHNOLOGY. 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.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00492835 | |
| 31-12-2024 | full format | 08-08-2025 | 2025-00375218 | |
| 31-12-2023 | full format | 29-07-2024 | 2024-00326159 | |
| 31-12-2022 | full format | 31-07-2023 | 2023-00314869 | |
| 31-12-2021 | full format | 29-07-2022 | 2022-20274573 | |
| 31-12-2020 | full format | 26-07-2021 | 2021-39300243 | |
| 31-12-2019 | full format | 28-07-2020 | 2020-34600090 | |
| 31-12-2018 | full format | 22-08-2019 | 2019-48400343 | |
| 31-12-2017 | full format | 27-07-2018 | 2018-38200135 | |
| 31-12-2016 | full format | 30-08-2017 | 2017-49200332 |