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CDAB

Active
Private limited companyfounded 2024active for 2 yearsGraaf de Mûelenaerelaan 37, 8000 Brugge, BelgiumKBO/BCE: BE 1014.375.520
Summary

CDAB has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €51,004 and a net result of €49,004. Its solvency ranks better than 42% of 9,557 sector peers (NACE 82, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Other business support services
NACE 82990
1 site
Size
€126,311total assets 2025
Equity
€51,004
Profit
€49,004
Turnover not published (micro format)
Financial health
95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Accounts 31 days early
Why 95raises riskFounded in 2024lowers riskSector: Office administrative, office support and other business support activities (NACE 82)Liquidity: current ratio 1.64, cash €51,977Figures for financial year 2025 (filed 30-06-2026)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 70% of its sector peers (NACE 82, micro)
Financial strength
Strong
Solvency 65
equity 40.4% of total assets
Liquidity 87
short-term debt 31.2% · cash 41.1%
Profitability 100
return on assets 38.8%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (12,636 companies, NACE 82, micro)
Last 24 months 10-2025: 0.6% 11-2025: 0.6%● unchanged vs 10-2025 12-2025: 0.6%● unchanged vs 11-2025 01-2026: 0.6%● unchanged vs 12-2025 02-2026: 0.7%▲ +0.1 percentage points vs 01-2026 03-2026: 0.8%▲ +0.1 percentage points vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.9%▲ +0.1 percentage points vs 05-2026highest value 07-2026: 0.1%▼ -0.8 percentage points vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €4,500 on 30-day terms is acceptable
Liquidity ample (current ratio 1.64, above the usual 1.5; short-term debt: 31.2% and cash: 41.1% of total assets), but 59.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 82, micro): better than 44% on solvency, 81% on liquidity and 87% on profitability.

The bankruptcy probability was computed on 17-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Sector: Office administrative, office support and other business support activities (NACE 82)
KBO
lowers risk · Liquidity: current ratio 1.64, cash €51,977
NBB · annual accounts
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Figures for financial year 2025 (filed 30-06-2026)
NBB · annual accounts
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 · 1 filing
Deviation from the deadline
2025
31 days early
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. IncorporationAppointment: BOUCHE Cedric Dirk Agnes…

Financials · financial year 2025, micro format

Equity
€51,004
Total assets
€126,311
Net result
€49,004
Working capital
€25,236

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €126,311
Fixed assets €61,725
Current assets €64,586
Equity and liabilities €126,311
Equity €51,004
Debt €75,307
Debt finances 59.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€74,676
Cash flow
€60,232
Current ratio
1.64
Debt to equity
1.48
ROE
96.1%
ROA
38.8%
Interest coverage
48.26
Debt ≤ 1 year
€39,350
Debt > 1 year
€35,957
Income taxes
€12,897

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.8% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 38 lines
Balance sheet Code2025
Assets
Total assets20/58€126,311
Fixed assets21/28€61,725
Tangible fixed assets22/27€61,663
Furniture and vehicles24€61,663
Financial fixed assets28€62
Current assets29/58€64,586
Amounts receivable within one year40/41€12,609
Trade receivables40€12,609
Cash at bank and in hand54/58€51,977
Equity and liabilities
Total equity and liabilities10/49€126,311
Equity10/15€51,004
Contributions10/11€2,000
Reserves13€49,004
Distributable reserves133€49,004
Amounts payable17/49€75,307
Amounts payable after more than one year17€35,957
Financial debts170/4€35,957
Amounts payable within one year42/48€39,350
Current portion of amounts payable after more than one year42€14,584
Trade debts44€196
Suppliers440/4€196
Taxes, remuneration and social security45€24,249
Taxes450/3€18,992
Remuneration and social security454/9€5,256
Other amounts payable47/48€321
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,228
Other operating charges640/8€76
Gross operating margin9900€74,752
Operating profit (loss)9901€63,448
Financial charges65/66B€1,547
Recurring financial charges65€1,547
Profit (loss) for the period before taxes9903€61,901
Income taxes67/77€12,897
Profit (loss) for the period9904€49,004
Profit (loss) for the period to be appropriated9905€49,004
Appropriation of the result
Profit (loss) to be appropriated9906€49,004
Transfer to equity691/2€49,004
To other reserves6921€49,004

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,228
Other operating charges640/8€76
Gross operating margin9900€74,752
Operating profit (loss)9901€63,448
Financial charges65/66B€1,547
Recurring financial charges65€1,547
Profit (loss) for the period before taxes9903€61,901
Income taxes67/77€12,897
Profit (loss) for the period9904€49,004
Profit (loss) for the period to be appropriated9905€49,004
Line2025
Assets
Total assets20/58€126,311
Fixed assets21/28€61,725
Tangible fixed assets22/27€61,663
Furniture and vehicles24€61,663
Financial fixed assets28€62
Current assets29/58€64,586
Amounts receivable within one year40/41€12,609
Trade receivables40€12,609
Cash at bank and in hand54/58€51,977
Equity and liabilities
Total equity and liabilities10/49€126,311
Equity10/15€51,004
Contributions10/11€2,000
Reserves13€49,004
Distributable reserves133€49,004
Amounts payable17/49€75,307
Amounts payable after more than one year17€35,957
Financial debts170/4€35,957
Amounts payable within one year42/48€39,350
Current portion of amounts payable after more than one year42€14,584
Trade debts44€196
Suppliers440/4€196
Taxes, remuneration and social security45€24,249
Taxes450/3€18,992
Remuneration and social security454/9€5,256
Other amounts payable47/48€321
Line2025
Profit (loss) for the period9904€49,004
+ Depreciation and write-downs630€11,228
Operating cash flow (approximation)€60,232

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 30-06-2026 2026-00268392

Similar companies · same sector, comparable size

Of the 24,180 active companies whose main activity is other business support services (NACE 82990), figures are known for 9,606. 7,100 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No sitting directors in the Gazette act read. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 30 September 2024, CDAB was incorporated as a private limited company.1 The company has filed annual accounts once, for financial year 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2025

Acts, filings and financial milestones

2026
30-06
NBB filing Annual accounts filed
financial year 2025 · micro format
2024
02-10
Gazette deed Incorporation
Appointment: BOUCHE Cedric Dirk Agnes (director) · Founder · Bank account8 facts ▸
  • Incorporation, 24-09-2024
  • Founder, BOUCHE Cedric Dirk Agnes
  • Bank account, “Argenta Spaarbank NV, geopend namens de vennootschap in oprichting” (deed in Dutch)
  • Registered office clause, “8000 Brugge, Graaf Mûelenaerelaan 37” (deed in Dutch)
  • Board composition, 1
  • Director appointment, BOUCHE Cedric Dirk Agnes (director (not named in the articles))
  • Pre-incorporation commitments, “takeover, alle verbintenissen en alle verplichtingen die eruit voortvloeien, en alle activiteiten ondernomen” (deed in Dutch)
  • Founding capital, €2,000
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded30-09-2024
Financial year end31-12
Activities, NACEBEL 2025
82990Other business support services
64210Activities of holding companies
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:1014375520
Also 9925:BE1014375520
Registered 15-10-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 17 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
233 m²
Building footprint
100 m²
Building volume
520 m³
Parcel 31807H0474/00T006, Flanders · tallest building 10.0 m. Linked by address, not a title deed.
1 establishment unit
CDAB
Graaf de Mûelenaerelaan 37, 8000 BruggeOther business support services
since 2024unit no. 2.365.354.205
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
31807H0474/00T006 Flanders 233 m² 1 · 100 m² 10.0 m · 1
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Het verstrekken van diensten op het gebied van management, consultancy, lobbying en alle verrichtingen die rechtstreeks of onrechtstreeks…” (deed in Dutch)
12 activities (deed in Dutch)
  1. Het verstrekken van diensten op het gebied van management, consultancy, lobbying en alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het leveren van diensten onder de vorm van management, beheer, bestuur en advies in de meest ruime zin
  2. Alle daden van beheer en management van industriële, onderzoeks-, financiële- en handelsvennootschappen
  3. Het verlenen van bijstand inzake management zowel bij wijze van managementadvies als door rechtstreekse deelneming aan het bestuur, het uitvoeren van bepaalde opdrachten in uitvoering van management- en assistentieovereenkomsten
  4. Het organiseren van evenementen, netwerkinitiatieven, tentoonstellingen, beurzen en andere manifestaties in de domeinen van kunst, industrie, financiën, management en onderzoek
  5. Het ontwerp, onderhoud, verfraaiing, verhuring, aan- en verkoop, in- en uitvoer en vertegenwoordiging van om het even welke goederen, met inbegrip van, doch niet gelimiteerd tot, kunstwerken, software, managementoplossingen, handleidingen, grafische ontwerpen en onroerend goed
  6. Het adviseren van derde partijen inzake beleggings- en investeringsprojecten voor professionelen
  7. De vennootschap mag alle roerende en onroerende goedverhandelingen doen welke rechtstreeks in verband staan met haar doel als belegging. Het beleggen of investeren van haar middelen mag gefinancierd worden door leningen
  8. De vennootschap mag echter geenszins aan vermogensbeheer of beleggingsadvies doen als bedoeld in artikel 157 van de wet van vier december negentienhonderd negentig op de financiële transacties en de financiële markten en het Koninklijk Besluit over het vermogensbeheer en het beleggingsadvies van vijf augustus negentienhonderd een en negentig
  9. Het verwerven van participaties in alle commerciële, industriële en financiële ondernemingen, zowel Belgische als buitenlandse voor professionelen
  10. Het uitoefenen van de functie van bestuurder of vereffenaar in andere vennootschappen
  11. In het algemeen zal de vennootschap voor eigen rekening of voor rekening van derden, alle commerciële, industriële, financiële, roerende en onroerende handelingen mogen verrichten in het binnen- en buitenland, en dit in rechtstreeks of onrechtstreeks, geheel of gedeeltelijk verband met haar maatschappelijk doel of handelingen verrichten die van aard zijn de verwezenlijking van het maatschappelijk doel te vergemakkelijken of uit te breiden en kan mits aanduiding van een vaste vertegenwoordiger ook de functies van bestuurder, zaakvoerder, vereffenaar of lid van het directiecomité van andere vennootschappen uitoefenen
  12. De vennootschap kan zich ten gunste van derden borg stellen of hen aval verlenen, voorschotten toestaan, kredieten verlenen, hypothecaire of andere zekerheden verstrekken

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
CDAB
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaamse Gewest, adres van de zetel kan worden overgebracht naar om het even welke plaats in het tweetalig gebied Brussel Hoofdstad of in het…” (deed in Dutch)

deed of 02-10-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Artikel 13. Vertegenwoordigingsbevoegdheid Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als…”
Board ruleHow the board is made up, meets and takes decisions.
“De algemene vergadering die de bestuurder(s) benoemt bepaalt hun aantal, de duur van hun opdracht en, indien er meerdere bestuurders zijn…” (deed in Dutch)
“Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de bestuurders aan hem toegekend, met de mogelijkheid een deel van…” (deed in Dutch)
“Alleen optredend, alle handelingen die nodig of nuttig zijn voor de verwezenlijking van het voorwerp van de vennootschap” (deed in Dutch)

deed of 02-10-2024

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Op naam, voorzien van een volgnummer” (deed in Dutch)
Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
“Bestuursorgaan, algemene vergadering” (deed in Dutch)

deed of 02-10-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
First Tuesday of June at 18:00
Meeting accessWho may attend the meeting and what is needed to be admitted.
“Indien enkel de stemrechten geschorst zijn, mag hij nog steeds deelnemen aan de algemene vergadering zonder te kunnen deelnemen aan de…” (deed in Dutch)

deed of 02-10-2024

Oversight and winding up

Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
No statutory auditor
Dissolution ruleWhen and by whom the company can be dissolved.
“Beslissende in de vormen vereist voor de statutenwijziging, op elk moment” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Indien geen andere vereffenaar zou zijn benoemd, bestuurder(s) in functie” (deed in Dutch)

deed of 02-10-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Liquidation distribution: “Het netto actief verdeeld onder alle aandeelhouders naar verhouding van het aantal aandelen dat zij bezitten, de goederen die nog in natura…” (deed in Dutch)
1 more provision in the deed, see the deed of 02-10-2024

deed of 02-10-2024