CD3G
ActiveSummary
CD3G has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €41k. Equity is growing by ~36% per year across the filed fiscal years. Its solvency ranks better than 25% of 14128 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability63▲+2
Solvency28▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.09 in 2024; short-term debt: 13.2% and cash: 1.1% of total assets), and 96.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3.2%
Return on assets
2.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 14128 sector peers (2025).
NBB · sector comparisonPosition among 14128 sector peers
Solvency
better than 25%
← weakest
strongest →
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 28-07-2026, 3 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
3 d early
2024
35 d early
2023
34 d early
2022
21 d early
2021
52 d early
2020
47 d early
2019
44 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€41k▲ 288%
2024 · €11k
2018: €-39klowest in 8 years
2019: €1k▲ +104% vs 2018
2020: €4k▲ +190% vs 2019
2021: €5k▲ +14.2% vs 2020
2022: €-35k▼ -869% vs 2021
2023: €36k▲ +202% vs 2022
2024: €11k▼ -70.6% vs 2023
2025: €41k▲ +288% vs 2024highest in 8 years
2018 → 2025
Working capital
€-175k▼ 0.1%
2024 · €-175k
2018: €-73khighest in 8 years
2019: €-75k▼ -3.5% vs 2018
2020: €-76k▼ -0.8% vs 2019
2021: €-76k▼ -0.9% vs 2020
2022: €-161k▼ -111% vs 2021
2023: €-166k▼ -2.9% vs 2022
2024: €-175k▼ -5.2% vs 2023
2025: €-175k▼ -0.1% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-4k-€-40k▼ 809%€-4k▲ 90.5%€7k€48k▲ 604%
2021: €-4k
2022: €-40k▼ -809% vs 2021lowest in 5 years
2023: €-4k▲ +90.5% vs 2022
2024: €7k▲ +280% vs 2023
2025: €48k▲ +604% vs 2024highest in 5 years
Operating result€13k-€-18k€55k€35k▼ 36.4%€74k▲ 111%
2021: €13k
2022: €-18k▼ -242% vs 2021lowest in 5 years
2023: €55k▲ +404% vs 2022
2024: €35k▼ -36.4% vs 2023
2025: €74k▲ +111% vs 2024highest in 5 years
Net result€5k-€-35k€36k€11k▼ 70.6%€41k▲ 288%
2021: €5k
2022: €-35k▼ -869% vs 2021lowest in 5 years
2023: €36k▲ +202% vs 2022
2024: €11k▼ -70.6% vs 2023
2025: €41k▲ +288% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 111% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.47M
Fixed assets
€1.45M ▼ 3.4%
Current assets
€19k ▲ 12.9%
Equity and liabilities €1.47M
Equity
€48k ▲ 604%
Debt
€1.42M ▼ 6.0%
Debt's share of the balance-sheet total falls from 99.6% to 96.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€125k▲
2024 · €121k
Cash flow
€92k▼
2024 · €96k
Current ratio
0.10▲
2024 · 0.09
Debt to equity
29.85
ROE
85.8%▼
2024 · 155.6%
ROA
2.8%▲
2024 · 0.7%
Interest coverage
4.95▲
2024 · 4.93
Debt ≤ 1 year
€194k▲
2024 · €191k
Debt > 1 year
€1.23M▼
2024 · €1.32M
Income taxes
€8k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.52M€1.47M▼
Fixed assets21/28€1.50M€1.45M▼
Tangible fixed assets22/27€1.50M€1.45M▼
Land and buildings22€1.50M€1.45M▼
Current assets29/58€17k€19k▲
Amounts receivable within one year40/41€9k€3k▼
Trade receivables40€9k€3k▼
Cash at bank and in hand54/58€8k€16k▲
Equity and liabilities
Total equity and liabilities10/49€1.52M€1.47M▼
Equity10/15€7k€48k▲
Contributions10/11€25k€25k=
Reserves13-€22k
Distributable reserves133-€22k
Profit (loss) carried forward14€-18k€678▲
Amounts payable17/49€1.51M€1.42M▼
Amounts payable after more than one year17€1.32M€1.23M▼
Financial debts170/4€1.32M€1.23M▼
Amounts payable within one year42/48€191k€194k▲
Current portion of amounts payable after more than one year42€88k€90k▲
Trade debts44-€1k
Suppliers440/4-€1k
Other amounts payable47/48€103k€103k=
Accrued charges and deferred income492/3€4k€998▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€86k€52k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€123k€127k▲
Operating profit (loss)9901€35k€74k▲
Financial charges65/66B€25k€25k▲
Recurring financial charges65€25k€25k▲
Profit (loss) for the period before taxes9903€11k€49k▲
Income taxes67/77-€8k
Profit (loss) for the period9904€11k€41k▲
Profit (loss) for the period to be appropriated9905€11k€41k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-18k€23k▲
Profit (loss) brought forward from the previous period14P€-29k€-18k▲
Transfer to equity691/2-€22k
To other reserves6921-€22k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €44k | €104k | €60k | €86k | €52k | ▼ 40.0% |
| Other operating charges640/8 | €521 | €1k | €571 | €2k | €1k | ▼ 46.5% |
| Gross operating margin9900 | €58k | €87k | €116k | €123k | €127k | ▲ 2.7% |
| Operating profit (loss)9901 | €13k | €-18k | €55k | €35k | €74k | ▲ 111% |
| Financial charges65/66B | €8k | €17k | €19k | €25k | €25k | ▲ 3.3% |
| Recurring financial charges65 | €8k | €17k | €19k | €25k | €25k | ▲ 3.3% |
| Profit (loss) for the period before taxes9903 | €5k | €-35k | €36k | €11k | €49k | ▲ 360% |
| Income taxes67/77 | - | - | - | - | €8k | - |
| Profit (loss) for the period9904 | €5k | €-35k | €36k | €11k | €41k | ▲ 288% |
| Profit (loss) for the period to be appropriated9905 | €5k | €-35k | €36k | €11k | €41k | ▲ 288% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €587k | €1.36M | €1.31M | €1.52M | €1.47M | ▼ 3.3% |
| Fixed assets21/28 | €580k | €1.34M | €1.29M | €1.50M | €1.45M | ▼ 3.4% |
| Tangible fixed assets22/27 | €580k | €1.34M | €1.29M | €1.50M | €1.45M | ▼ 3.4% |
| Land and buildings22 | €580k | €1.34M | €1.28M | €1.50M | €1.45M | ▼ 3.4% |
| Assets under construction and advance payments27 | - | - | €14k | - | - | - |
| Current assets29/58 | €7k | €19k | €19k | €17k | €19k | ▲ 12.9% |
| Amounts receivable within one year40/41 | - | - | €13k | €9k | €3k | ▼ 63.6% |
| Trade receivables40 | - | - | €13k | €9k | €3k | ▼ 63.6% |
| Cash at bank and in hand54/58 | €7k | €19k | €6k | €8k | €16k | ▲ 94.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €587k | €1.36M | €1.31M | €1.52M | €1.47M | ▼ 3.3% |
| Equity10/15 | €-4k | €-40k | €-4k | €7k | €48k | ▲ 604% |
| Contributions10/11 | €25k | €25k | €25k | €25k | €25k | = |
| Reserves13 | - | - | - | - | €22k | - |
| Distributable reserves133 | - | - | - | - | €22k | - |
| Profit (loss) carried forward14 | €-29k | €-65k | €-29k | €-18k | €678 | ▲ 104% |
| Amounts payable17/49 | €591k | €1.40M | €1.32M | €1.51M | €1.42M | ▼ 6.0% |
| Amounts payable after more than one year17 | €508k | €1.22M | €1.13M | €1.32M | €1.23M | ▼ 6.8% |
| Financial debts170/4 | €508k | €1.22M | €1.13M | €1.32M | €1.23M | ▼ 6.8% |
| Amounts payable within one year42/48 | €83k | €181k | €185k | €191k | €194k | ▲ 1.3% |
| Current portion of amounts payable after more than one year42 | €50k | €86k | €87k | €88k | €90k | ▲ 1.5% |
| Trade debts44 | €1k | - | €3k | - | €1k | - |
| Suppliers440/4 | €1k | - | €3k | - | €1k | - |
| Other amounts payable47/48 | €32k | €95k | €95k | €103k | €103k | = |
| Accrued charges and deferred income492/3 | - | - | - | €4k | €998 | ▼ 75.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €-35k | €36k | €11k | €41k | ▲ 288% |
| + Depreciation and write-downs630 | €44k | €104k | €60k | €86k | €52k | ▼ 40.0% |
| Operating cash flow (approximation) | €49k | €68k | €96k | €96k | €92k | ▼ 4.1% |
| Investment in fixed assets (approximation) | - | €-864k | €-14k | €-296k | €0 | ▲ 100% |
| Change in cash | - | €12k | €-13k | €2k | €8k | ▲ 379% |
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
Next filing, fiscal year 2026, expected by
2026
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €41k ▲288%
Operating result €74k, net result €41k, both a record.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
14-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
20-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Huy · 1 establishment unit since 2017
Ground area
1,129 m²
Building footprint
785 m²
Parcel 61031B0474/00P000, Wallonia. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
CD3G
since 20172.264.226.557
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 61031B0474/00P000 | Wallonia | 1,129 m² | 1 · 785 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,020 companies in sector 68203 we hold annual accounts for 5,986. 3,051 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded08-05-2017
Fiscal year end31-12
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
Scores and ratios are computed by Checked and are not a credit decision.