CDB
ActiveSummary
CDB has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€47,824) and a net result of -€11,424. Equity is shrinking by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 28374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability9▲+4
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.74 against 0.75 in 2024; short-term debt: 70.4% and cash: 44.8% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-32.2%
Return on assets
-7.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€47,824
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 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
25 d early
2023
28 d early
2022
31 d late
2021
132 d late
2020
467 d late
2019
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 87 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 6 July (4 of the last 5 filed years within 56 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€90,898
EBIT margin
20.4%
Net result
-€11,424▼ 20.9%
2024 · -€9,451
Working capital
-€27,139▼ 293%
2024 · -€6,912
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€90,898
Operating result€18,549▲ 61.5%€48,221▲ 160%€25,508▼ 47.1%-€5,796-€5,256▲ 9.3%
Net result€9,819within the sector's middle half▼ 14.2%-€8,578below the sector's middle half€11,006within the sector's middle half-€9,451below the sector's middle half-€11,424below the sector's middle half▼ 20.9%
EBIT margin20.4%
Equity-€19,377below the sector's middle half▲ 4.1%-€27,955below the sector's middle half▼ 44.3%-€26,949below the sector's middle half▲ 3.6%-€36,400below the sector's middle half▼ 35.1%-€47,824below the sector's middle half▼ 31.4%
Total assets€103,351within the sector's middle half▼ 22.5%€77,273within the sector's middle half▼ 25.2%€107,200within the sector's middle half▲ 38.7%€83,825within the sector's middle half▼ 21.8%€148,403within the sector's middle half▲ 77.0%
Debt€122,729▼ 20.1%€105,228▼ 14.3%€134,149▲ 27.5%€120,225▼ 10.4%€196,227▲ 63.2%
Working capital-€52,244below the sector's middle half▲ 28.3%-€4,232below the sector's middle half▲ 91.9%-€9below the sector's middle half▲ 99.8%-€6,912below the sector's middle half▼ 73,592%-€27,139below the sector's middle half▼ 293%
Solvency-18.7%below the sector's middle half▼ 3.6pp-36.2%below the sector's middle half▼ 17.4pp-25.1%below the sector's middle half▲ 11.0pp-43.4%below the sector's middle half▼ 18.3pp-32.2%below the sector's middle half▲ 11.2pp
Current ratio0.34below the sector's middle half=0.65below the sector's middle half▲ 0.311.00below the sector's middle half▲ 0.350.75below the sector's middle half▼ 0.250.74below the sector's middle half▼ 0.01
Return on assets (ROA)9.5%within the sector's middle half▲ 0.9pp-11.1%below the sector's middle half▼ 20.6pp10.3%within the sector's middle half▲ 21.4pp-11.3%below the sector's middle half▼ 21.5pp-7.7%below the sector's middle half▲ 3.6pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5,256 in 2025 against €5,796 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €148,403
Fixed assets
€71,034 ▲ 13.2%
Current assets
€77,369 ▲ 267%
Key figures and ratios
EBITDA
-€2,458▲
2024 · -€2,783
Cash flow
-€8,626▼
2024 · -€6,438
Debt to equity
-4.10▼
2024 · -3.30
Interest coverage
-0.40▲
2024 · -0.44
Debt ≤ 1 year
€104,508▲
2024 · €28,009
Debt > 1 year
€91,719▼
2024 · €92,216
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,332 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.8%
went bankrupt
5.8%
stopped otherwise
91%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% 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 2,332 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
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €90,898 | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €28,031 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €37,813 | €6,446 | €3,663 | €3,013 | €2,798 | ▼ 7.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €15,852 | - | - | - | - |
| Other operating charges640/8 | €6,505 | €3,032 | €2,550 | €3,190 | €3,028 | ▼ 5.1% |
| Gross operating margin9900 | €62,867 | €73,551 | €31,720 | €407 | €570 | ▲ 40.2% |
| Operating profit (loss)9901 | €18,549 | €48,221 | €25,508 | -€5,796 | -€5,256 | ▲ 9.3% |
| Financial income75/76B | €88 | €249 | €0 | €42 | €24 | ▼ 41.4% |
| Recurring financial income75 | €88 | €249 | €0 | €42 | €24 | ▼ 41.4% |
| Financial charges65/66B | €6,349 | €57,048 | €6,237 | €6,328 | €6,192 | ▼ 2.1% |
| Recurring financial charges65 | €6,349 | €57,048 | €6,237 | €6,328 | €6,192 | ▼ 2.1% |
| Profit (loss) for the period before taxes9903 | €12,289 | -€8,578 | €19,271 | -€12,082 | -€11,424 | ▲ 5.4% |
| Income taxes67/77 | €2,470 | - | €8,265 | -€2,631 | - | - |
| Profit (loss) for the period9904 | €9,819 | -€8,578 | €11,006 | -€9,451 | -€11,424 | ▼ 20.9% |
| Profit (loss) for the period to be appropriated9905 | €9,819 | -€8,578 | €11,006 | -€9,451 | -€11,424 | ▼ 20.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €103,351 | €77,273 | €107,200 | €83,825 | €148,403 | ▲ 77.0% |
| Fixed assets21/28 | €75,849 | €69,404 | €65,741 | €62,729 | €71,034 | ▲ 13.2% |
| Tangible fixed assets22/27 | €75,849 | €69,404 | €65,741 | €62,729 | €71,034 | ▲ 13.2% |
| Land and buildings22 | €67,130 | €65,386 | €63,642 | €61,898 | €60,329 | ▼ 2.5% |
| Plant, machinery and equipment23 | €8,720 | €4,018 | €2,099 | €830 | €3,315 | ▲ 299% |
| Furniture and vehicles24 | - | - | - | - | €7,391 | - |
| Current assets29/58 | €27,502 | €7,870 | €41,459 | €21,097 | €77,369 | ▲ 267% |
| Amounts receivable within one year40/41 | €24,875 | €3,014 | €19,421 | €6,041 | €10,410 | ▲ 72.3% |
| Trade receivables40 | €8,873 | €400 | €400 | €4,749 | €7,430 | ▲ 56.5% |
| Other amounts receivable41 | €16,002 | €2,614 | €19,021 | €1,292 | €2,980 | ▲ 131% |
| Cash at bank and in hand54/58 | €2,627 | €3,604 | €10,071 | €15,056 | €66,526 | ▲ 342% |
| Deferred charges and accrued income490/1 | - | €1,252 | €11,967 | - | €433 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €103,351 | €77,273 | €107,200 | €83,825 | €148,403 | ▲ 77.0% |
| Equity10/15 | -€19,377 | -€27,955 | -€26,949 | -€36,400 | -€47,824 | ▼ 31.4% |
| Contributions10/11 | €18,600 | €19,225 | €19,225 | €19,225 | €19,225 | = |
| Outside capital11 | €18,600 | - | - | - | - | - |
| Other1109/19 | €18,600 | - | - | - | - | - |
| Reserves13 | €625 | - | - | - | - | - |
| Non-distributable reserves130/1 | €625 | - | - | - | - | - |
| Legal reserve130 | €625 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€38,602 | -€47,180 | -€46,174 | -€55,625 | -€67,049 | ▼ 20.5% |
| Amounts payable17/49 | €122,729 | €105,228 | €134,149 | €120,225 | €196,227 | ▲ 63.2% |
| Amounts payable after more than one year17 | €42,982 | €93,127 | €92,681 | €92,216 | €91,719 | ▼ 0.5% |
| Financial debts170/4 | €42,982 | €93,127 | €92,681 | €92,216 | €91,719 | ▼ 0.5% |
| Amounts payable within one year42/48 | €79,746 | €12,102 | €41,468 | €28,009 | €104,508 | ▲ 273% |
| Trade debts44 | €3,565 | €1,104 | €23,556 | €1,325 | €60,923 | ▲ 4,498% |
| Suppliers440/4 | €3,565 | €1,104 | €23,556 | €1,325 | €60,923 | ▲ 4,498% |
| Advances received on contracts in progress46 | €8,190 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | €7,912 | €1,470 | €1,156 | ▼ 21.4% |
| Taxes450/3 | - | - | €7,912 | €1,470 | €1,156 | ▼ 21.4% |
| Other amounts payable47/48 | €67,991 | €10,998 | €10,000 | €25,214 | €42,429 | ▲ 68.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,819 | -€8,578 | €11,006 | -€9,451 | -€11,424 | ▼ 20.9% |
| + Depreciation and write-downs630 | €37,813 | €6,446 | €3,663 | €3,013 | €2,798 | ▼ 7.1% |
| Operating cash flow (approximation) | €47,631 | -€2,132 | €14,668 | -€6,438 | -€8,626 | ▼ 34.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | -€11,104 | - |
| Change in cash | - | €977 | €6,467 | €4,985 | €51,470 | ▲ 932% |
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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
06-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €11,006
Net result €11,006 after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
10-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 132 days late
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 467 days late
2020
31-12
Financial
Back to profitnet €11,448
Net result €11,448 after 2 loss-making years.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Weakest financial yearnet -€12,498
Net result drops to -€12,498, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 14 days late
2018
13-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 13 days late
2017
04-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 4 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Mechelen · 1 establishment unit since 2014
Ground area
727 m²
Building footprint
96 m²
Volume, LiDAR
642 m³
Parcel 12403E0062/00V002, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Geerdegem-Schonenberg 174, 2800 Mechelen
since 20142.226.317.472
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403E0062/00V002 | Flanders | 727 m² | 1 · 96 m² | 9.2 m · 2 fl. |
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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Nijlen
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 8,464 companies in sector 43120 we hold annual accounts for 3,234. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded03-11-2008
Fiscal year end31-12
Activities, NACEBEL 2025
43120Site preparation
43350Other building finishing work
81210General cleaning of buildings
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807537866
Registered
28-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.