CDB CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of CDB CONCEPT is 2.7% (moderate). The 2024 annual accounts show equity of €106,647 and a net result of €20,903. Equity is growing by ~29.3% per year across the filed fiscal years. Its solvency ranks better than 65% of 36386 sector peers (fiscal year 2024). The company has been active since 2010 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags).
Checked score
Score 2024
Axes · tick = 2023
Profitability83▲+2
Solvency85▲+6
Growth78▲+26
Track record84
Bankruptcy probability, 12 months
2.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.06 against 1.72 in 2023; short-term debt: 27.4% and cash: 2.2% of total assets), and 40.5% of the assets are financed with debt.
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Signals
Six 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 →
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 21-08-2025, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d late
2023
31 d late
2022
61 d late
2021
2 d early
2020
1 d early
2019
4 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
History
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Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€106,647▲ 24.4%
2023 · €85,743
Total assets
€179,190▲ 13.1%
2023 · €158,434
Net result
€20,903▲ 38.1%
2023 · €15,141
Working capital
€52,049▲ 64.2%
2023 · €31,701
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€48,548▲ 29.4%€46,655▼ 3.9%-€261€22,744€32,026▲ 40.8%
Net result€38,602above the sector's middle half▲ 16.5%€28,473above the sector's middle half▼ 26.2%-€4,981below the sector's middle half€15,141within the sector's middle half€20,903within the sector's middle half▲ 38.1%
Equity€47,109within the sector's middle half▲ 454%€75,583within the sector's middle half▲ 60.4%€70,602within the sector's middle half▼ 6.6%€85,743within the sector's middle half▲ 21.4%€106,647within the sector's middle half▲ 24.4%
Total assets€165,095within the sector's middle half▲ 81.3%€153,697within the sector's middle half▼ 6.9%€159,219within the sector's middle half▲ 3.6%€158,434within the sector's middle half▼ 0.5%€179,190within the sector's middle half▲ 13.1%
Debt€117,985▲ 42.9%€78,115▼ 33.8%€88,617▲ 13.4%€72,690▼ 18.0%€72,543▼ 0.2%
Working capital€12,686within the sector's middle half€38,588within the sector's middle half▲ 204%€19,005within the sector's middle half▼ 50.7%€31,701within the sector's middle half▲ 66.8%€52,049within the sector's middle half▲ 64.2%
Solvency28.5%within the sector's middle half▲ 19.2pp49.2%within the sector's middle half▲ 20.6pp44.3%within the sector's middle half▼ 4.8pp54.1%within the sector's middle half▲ 9.8pp59.5%within the sector's middle half▲ 5.4pp
Current ratio1.19within the sector's middle half▲ 0.311.96within the sector's middle half▲ 0.781.34within the sector's middle half▼ 0.621.72within the sector's middle half▲ 0.372.06within the sector's middle half▲ 0.34
Return on assets (ROA)23.4%above the sector's middle half▼ 13.0pp18.5%above the sector's middle half▼ 4.9pp-3.1%below the sector's middle half▼ 21.7pp9.6%within the sector's middle half▲ 12.7pp11.7%within the sector's middle half▲ 2.1pp
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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 41% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €179,190
Fixed assets
€77,982 ▼ 5.4%
Current assets
€101,208 ▲ 33.2%
Equity and liabilities €179,190
Equity
€106,647 ▲ 24.4%
Debt
€72,543 ▼ 0.2%
Debt's share of the balance-sheet total falls from 45.9% to 40.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€45,585▲
2023 · €35,351
Cash flow
€34,463▲
2023 · €27,749
Debt to equity
0.68▼
2023 · 0.85
ROE
19.6%▲
2023 · 17.7%
Interest coverage
29.90▲
2023 · 17.01
Debt ≤ 1 year
€49,159▲
2023 · €44,298
Debt > 1 year
€23,384▼
2023 · €28,392
Income taxes
€9,599▲
2023 · €6,123
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 34,679 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €6,437 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,369 | €7,013 | €9,500 | €12,607 | €13,559 | ▲ 7.5% |
| Other operating charges640/8 | - | €11,510 | €1,479 | €2,488 | €1,914 | ▼ 23.1% |
| Gross operating margin9900 | €61,737 | €65,179 | €10,718 | €37,839 | €47,500 | ▲ 25.5% |
| Operating profit (loss)9901 | €48,548 | €46,655 | -€261 | €22,744 | €32,026 | ▲ 40.8% |
| Financial income75/76B | - | €0 | €700 | €598 | €0 | ▼ 100.0% |
| Recurring financial income75 | €2,517 | €0 | €700 | €598 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €6,090 | €5,150 | €2,078 | €1,525 | ▼ 26.6% |
| Recurring financial charges65 | €1,949 | €6,090 | €5,150 | €2,078 | €1,525 | ▼ 26.6% |
| Profit (loss) for the period before taxes9903 | €49,116 | €40,566 | -€4,710 | €21,264 | €30,502 | ▲ 43.4% |
| Income taxes67/77 | €10,513 | €12,092 | €271 | €6,123 | €9,599 | ▲ 56.8% |
| Profit (loss) for the period9904 | €38,602 | €28,473 | -€4,981 | €15,141 | €20,903 | ▲ 38.1% |
| Profit (loss) for the period to be appropriated9905 | €38,602 | €28,473 | -€4,981 | €15,141 | €20,903 | ▲ 38.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €165,095 | €153,697 | €159,219 | €158,434 | €179,190 | ▲ 13.1% |
| Fixed assets21/28 | €83,909 | €74,991 | €84,857 | €82,434 | €77,982 | ▼ 5.4% |
| Tangible fixed assets22/27 | €83,759 | €74,841 | €84,707 | €82,284 | €77,832 | ▼ 5.4% |
| Plant, machinery and equipment23 | - | €6,947 | €15,039 | €11,127 | €10,594 | ▼ 4.8% |
| Furniture and vehicles24 | - | €16,268 | €18,290 | €21,145 | €20,403 | ▼ 3.5% |
| Other tangible fixed assets26 | - | €50,249 | €47,480 | €46,437 | €43,580 | ▼ 6.2% |
| Assets under construction and advance payments27 | - | €1,377 | €3,898 | €3,577 | €3,255 | ▼ 9.0% |
| Financial fixed assets28 | €150 | €150 | €150 | €150 | €150 | = |
| Current assets29/58 | €81,186 | €78,706 | €74,362 | €75,999 | €101,208 | ▲ 33.2% |
| Amounts receivable after more than one year29 | - | €35,000 | €35,000 | €35,000 | €65,500 | ▲ 87.1% |
| Other amounts receivable291 | - | €35,000 | €35,000 | €35,000 | €65,500 | ▲ 87.1% |
| Amounts receivable within one year40/41 | €47,094 | €15,428 | €16,335 | €17,684 | €25,257 | ▲ 42.8% |
| Trade receivables40 | - | €15,428 | €16,335 | €14,060 | €25,257 | ▲ 79.6% |
| Other amounts receivable41 | - | - | - | €3,624 | - | - |
| Cash at bank and in hand54/58 | €29,333 | €23,216 | €16,738 | €17,632 | €4,023 | ▼ 77.2% |
| Deferred charges and accrued income490/1 | - | €5,063 | €6,289 | €5,683 | €6,427 | ▲ 13.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €165,095 | €153,697 | €159,219 | €158,434 | €179,190 | ▲ 13.1% |
| Equity10/15 | €47,109 | €75,583 | €70,602 | €85,743 | €106,647 | ▲ 24.4% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €28,509 | €56,983 | €56,983 | €67,143 | €88,047 | ▲ 31.1% |
| Distributable reserves133 | - | €56,983 | €56,983 | €67,143 | €88,047 | ▲ 31.1% |
| Profit (loss) carried forward14 | -€43,241 | - | -€4,981 | - | - | - |
| Amounts payable17/49 | €117,985 | €78,115 | €88,617 | €72,690 | €72,543 | ▼ 0.2% |
| Amounts payable after more than one year17 | €49,135 | €37,997 | €33,260 | €28,392 | €23,384 | ▼ 17.6% |
| Financial debts170/4 | - | €37,997 | €33,260 | €28,392 | €23,384 | ▼ 17.6% |
| Amounts payable within one year42/48 | €68,500 | €40,118 | €55,357 | €44,298 | €49,159 | ▲ 11.0% |
| Current portion of amounts payable after more than one year42 | - | €11,138 | €5,335 | €4,868 | €5,008 | ▲ 2.9% |
| Trade debts44 | €27,068 | €1,903 | €23,315 | €19,182 | €16,662 | ▼ 13.1% |
| Suppliers440/4 | - | €1,903 | €23,315 | €19,182 | €16,662 | ▼ 13.1% |
| Taxes, remuneration and social security45 | - | €26,520 | €22,959 | €20,248 | €27,461 | ▲ 35.6% |
| Taxes450/3 | - | €26,520 | €22,959 | €20,248 | €25,349 | ▲ 25.2% |
| Remuneration and social security454/9 | - | - | - | - | €2,112 | - |
| Other amounts payable47/48 | - | €556 | €3,748 | - | €28 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €38,602 | €28,473 | -€4,981 | €15,141 | €20,903 | ▲ 38.1% |
| + Depreciation and write-downs630 | €12,369 | €7,013 | €9,500 | €12,607 | €13,559 | ▲ 7.5% |
| Operating cash flow (approximation) | €50,971 | €35,487 | €4,520 | €27,749 | €34,463 | ▲ 24.2% |
| Investment in fixed assets (approximation) | - | €1,904 | -€19,366 | -€10,185 | -€9,107 | ▲ 10.6% |
| Change in cash | - | -€6,118 | -€6,478 | €894 | -€13,609 | ▼ 1,623% |
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
2026
03-07
KBO administration
Address strikeout annulled
22-06
KBO administration
Address struck
event 07-06-2026
2025
21-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 21 days late
2024
31-12
Financial
Equity above €100,000Eq €106,647 ▲24.4%
2 profitable years in a row build equity to €106,647.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €15,141
Net result €15,141 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
31-12
Financial
Weakest financial yearnet -€4,981
Net result drops to -€4,981, the lowest in the series; recovery starts the following year.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €38,602 ▲16.5%
Operating result €48,548, net result €38,602, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
Show earlier events
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
22-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
SignalFinancial 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, Brasschaat · 1 establishment unit since 2011
Ground area
494 m²
Parcel 11323F0206/00G000, Flanders. Linked by address, not a title deed.
1 establishment unit
CDB CONCEPT
since 20112.194.758.721
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11323F0206/00G000 | Flanders | 494 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 360 EUR awarded · 360 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 360 EUR | 360 EUR |
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Of 11,141 companies in sector 43910 we hold annual accounts for 5,493. 4,806 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
Founded03-12-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43910Bricklaying and masonry work
41001General construction of residential buildings
68122Development of non-residential building projects
43110Demolition
43310Plastering work
43331Floor and wall tiling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0831722738
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.