CDC HOLDING
ActiveSummary
CDC HOLDING has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €416,523 and a net result of €67,735. Equity is growing by ~14.7% per year across the filed fiscal years. Its solvency ranks better than 75% of 2062 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+11
Solvency89▲+21
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 5.32 against 1.5 in 2024; short-term debt: 8% and cash: 42.3% of total assets), and 36.1% of the assets are financed with debt.
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Signals
Four 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
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
63.9%
Return on assets
10.4%
Age of the figures
9 mo
neutral · A punctual record breaks
This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-09-2026, 41 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
41 d late
2024
31 d early
2023
34 d early
2022
41 d early
2021
18 d early
2020
4 d early
2019
39 d early
← 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 18 days before 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€67,735▲ 127%
2024 · €29,830
Working capital
€224,228▼ 24.5%
2024 · €297,088
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€133,700▲ 61.7%€157,878▲ 18.1%€103,777▼ 34.3%€112,165▲ 8.1%€138,129▲ 23.1%
Net result€108,587▲ 185%€110,643▲ 1.9%€47,101▼ 57.4%€29,830▼ 36.7%€67,735▲ 127%
Equity€410,561▲ 36.0%€521,205▲ 26.9%€568,306▲ 9.0%€577,676▲ 1.6%€416,523▼ 27.9%
Total assets€956,762▼ 16.2%€1.3m▲ 33.9%€1.4m▲ 7.0%€1.4m▼ 0.9%€652,006▼ 52.0%
Debt€546,201▼ 35.0%€759,721▲ 39.1%€801,945▲ 5.6%€779,750▼ 2.8%€235,483▼ 69.8%
Working capital€146,921▲ 142%€275,875▲ 87.8%€292,866▲ 6.2%€297,088▲ 1.4%€224,228▼ 24.5%
Staff (FTE)13▼ 0.8%13=13=13=13=
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 23% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €652,006
Fixed assets
€375,898 ▼ 19.0%
Current assets
€276,108 ▼ 69.1%
Equity and liabilities €652,006
Equity
€416,523 ▼ 27.9%
Debt
€235,483 ▼ 69.8%
Debt's share of the balance-sheet total falls from 57.4% to 36.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€231,251▲
2024 · €203,653
Cash flow
€160,857▲
2024 · €121,318
Current ratio
5.32▲
2024 · 1.50
Debt to equity
0.57▼
2024 · 1.35
ROE
16.3%▲
2024 · 5.2%
ROA
10.4%▲
2024 · 2.2%
Interest coverage
10.81▲
2024 · 7.37
Debt ≤ 1 year
€51,880▼
2024 · €596,147
Debt > 1 year
€183,603=
2024 · €183,603
Income taxes
€49,830▼
2024 · €56,764
Staff costs
€1.1m▼
2024 · €1.1m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.6% 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 497,058 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% | 1.6% |
| 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 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 20,082 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €817,134 | €896,412 | €1.1m | €1.1m | €1.1m | ▼ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €64,692 | €73,986 | €90,319 | €91,488 | €93,122 | ▲ 1.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €144 | - | - |
| Other operating charges640/8 | €17,273 | €19,834 | €21,102 | €22,537 | €23,545 | ▲ 4.5% |
| Gross operating margin9900 | €1.0m | €1.1m | €1.3m | €1.3m | €1.4m | ▲ 1.9% |
| Operating profit (loss)9901 | €133,700 | €157,878 | €103,777 | €112,165 | €138,129 | ▲ 23.1% |
| Financial income75/76B | €1,906 | - | €498 | €2,054 | €822 | ▼ 60.0% |
| Recurring financial income75 | €1,906 | - | €498 | €2,054 | €822 | ▼ 60.0% |
| Financial charges65/66B | €10,066 | €12,321 | €22,464 | €27,625 | €21,386 | ▼ 22.6% |
| Recurring financial charges65 | €10,066 | €12,321 | €22,464 | €27,625 | €21,386 | ▼ 22.6% |
| Profit (loss) for the period before taxes9903 | €125,540 | €145,557 | €81,811 | €86,594 | €117,565 | ▲ 35.8% |
| Income taxes67/77 | €16,953 | €34,914 | €34,710 | €56,764 | €49,830 | ▼ 12.2% |
| Profit (loss) for the period9904 | €108,587 | €110,643 | €47,101 | €29,830 | €67,735 | ▲ 127% |
| Profit (loss) for the period to be appropriated9905 | €108,587 | €110,643 | €47,101 | €29,830 | €67,735 | ▲ 127% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €956,762 | €1.3m | €1.4m | €1.4m | €652,006 | ▼ 52.0% |
| Fixed assets21/28 | €354,852 | €431,960 | €470,904 | €464,191 | €375,898 | ▼ 19.0% |
| Tangible fixed assets22/27 | €353,952 | €431,060 | €470,004 | €463,291 | €375,898 | ▼ 18.9% |
| Land and buildings22 | €228,090 | €250,560 | €233,168 | €215,887 | €198,606 | ▼ 8.0% |
| Plant, machinery and equipment23 | €12,006 | €11,762 | €57,716 | €64,082 | €55,493 | ▼ 13.4% |
| Furniture and vehicles24 | €6,244 | €5,375 | €10,567 | €7,446 | €4,076 | ▼ 45.3% |
| Leasing and similar rights25 | €107,612 | €163,363 | €168,553 | €175,876 | €117,723 | ▼ 33.1% |
| Financial fixed assets28 | €900 | €900 | €900 | €900 | - | - |
| Current assets29/58 | €601,910 | €848,966 | €899,347 | €893,235 | €276,108 | ▼ 69.1% |
| Stocks and contracts in progress3 | €71,716 | €96,765 | €129,891 | €103,375 | - | - |
| Stocks30/36 | €71,716 | €96,765 | €129,891 | €103,375 | - | - |
| Amounts receivable within one year40/41 | €518,435 | €705,864 | €559,297 | €623,579 | - | - |
| Trade receivables40 | €488,435 | €675,864 | €519,297 | €583,276 | - | - |
| Other amounts receivable41 | €30,000 | €30,000 | €40,000 | €40,303 | - | - |
| Cash at bank and in hand54/58 | €11,759 | €46,337 | €210,159 | €166,281 | €276,108 | ▲ 66.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €956,762 | €1.3m | €1.4m | €1.4m | €652,006 | ▼ 52.0% |
| Equity10/15 | €410,561 | €521,205 | €568,306 | €577,676 | €416,523 | ▼ 27.9% |
| Reserves13 | €47,861 | €158,505 | €205,606 | €214,976 | €197,533 | ▼ 8.1% |
| Non-distributable reserves130/1 | €20,460 | €20,460 | €20,460 | - | - | - |
| Reserves not available under the articles1311 | €20,460 | €20,460 | €20,460 | - | - | - |
| Distributable reserves133 | €27,401 | €138,045 | €185,146 | €214,976 | €197,533 | ▼ 8.1% |
| Profit (loss) carried forward14 | €362,700 | €362,700 | €362,700 | €362,700 | - | - |
| Investment grants15 | - | - | - | - | €218,990 | - |
| Amounts payable17/49 | €546,201 | €759,721 | €801,945 | €779,750 | €235,483 | ▼ 69.8% |
| Amounts payable after more than one year17 | €91,212 | €186,630 | €195,464 | €183,603 | €183,603 | = |
| Financial debts170/4 | €91,212 | €186,630 | €195,464 | €183,603 | €183,603 | = |
| Amounts payable within one year42/48 | €454,989 | €573,091 | €606,481 | €596,147 | €51,880 | ▼ 91.3% |
| Current portion of amounts payable after more than one year42 | €86,106 | €88,469 | €117,618 | €112,710 | €7,783 | ▼ 93.1% |
| Financial debts43 | €200,000 | €200,000 | €200,000 | €200,000 | - | - |
| Credit institutions430/8 | €200,000 | €200,000 | €200,000 | €200,000 | - | - |
| Trade debts44 | €105,120 | €191,449 | €158,065 | €152,459 | - | - |
| Suppliers440/4 | €105,120 | €191,449 | €158,065 | €152,459 | - | - |
| Taxes, remuneration and social security45 | €45,017 | €58,375 | €95,121 | €93,855 | €6,773 | ▼ 92.8% |
| Taxes450/3 | €11,824 | €23,452 | €32,138 | €23,678 | €6,773 | ▼ 71.4% |
| Remuneration and social security454/9 | €33,193 | €34,923 | €62,983 | €70,177 | - | - |
| Other amounts payable47/48 | €18,746 | €34,798 | €35,677 | €37,123 | €37,324 | ▲ 0.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €108,587 | €110,643 | €47,101 | €29,830 | €67,735 | ▲ 127% |
| + Depreciation and write-downs630 | €64,692 | €73,986 | €90,319 | €91,488 | €93,122 | ▲ 1.8% |
| Operating cash flow (approximation) | €173,279 | €184,629 | €137,420 | €121,318 | €160,857 | ▲ 32.6% |
| Investment in fixed assets (approximation) | - | -€151,094 | -€129,263 | -€84,775 | -€4,829 | ▲ 94.3% |
| Change in cash | - | €34,578 | €163,822 | -€43,878 | €109,827 | ▲ 350% |
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
10-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 41 days late
16-01
State Gazette act
Capital & shares · RestructuringAppointment: Moore Audit BV (statutory auditor) · Demerger · Net-asset statement10 facts ▸
State Gazette act
Capital & shares · Restructuring
Appointment: Moore Audit BV (statutory auditor) · Demerger · Net-asset statement10 facts ▸
- General meeting, 26-12-2025
- Demerger, partielle splitsing door oprichting, EUR
- Net-asset statement, 30-06-2025
- Share issue, aandelen op naam, 186
- Founding capital, €280.888,92
- Power of attorney, DECRAENE Christofe
- Name change, CDC HOLDING
- Statutes amendment
- Auditor appointment, Moore Audit BV
- Split proposal, griffie van de ondernemingsrechtbank te Gent (afdeling Kortrijk), 13-11-2025
2025
31-12
Financial
Liquidity quadruplescurrent ratio 5.32
Current ratio from 1.50 to 5.32; short-term debt falls from €596,147 to €51,880.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €110,643 ▲1.9%
Operating result €157,878, net result €110,643, both a record.
31-12
Financial
Equity above €500,000Eq €521,205 ▲26.9%
5 profitable years in a row build equity to €521,205.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
27-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet €13,763 ▼34.2%
Net result drops to €13,763, the lowest in the series; recovery starts the following year.
Show earlier events
13-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
Moore Audit
CurrentAuditor · since 26-12-2025
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Roeselare · 1 establishment unit since 2005
Ground area
1,170 m²
Building footprint
162 m²
Volume, LiDAR
922 m³
Parcel 36017D0511/00X000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CDC AUTOMATISATIE
since 20052.146.079.963
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36017D0511/00X000 | Flanders | 1,170 m² | 1 · 162 m² | 9.8 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.
Mandate history
1 person since 2025, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Moore Audit |
|
Structure & network
Connections & network
No current directors or connected companies found in the register.
Capital and shareholders
Capital over the years
- 16-01-2026 Incorporation · 280,888.92 EUR · 186 shares
Public money · subsidies and aid
Flemish government
2022 to 2025 · 3 entries · 3,564 EUR awarded · 3,564 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 144 EUR | 144 EUR |
| 2023 | 1 | 1,533 EUR | 1,533 EUR |
| 2022 | 1 | 1,887 EUR | 1,887 EUR |
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Of 22,831 companies in sector 43211 we hold annual accounts for 10,329. 6,911 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
Founded07-06-2004
Fiscal year end31-12
Activities, NACEBEL 2025
43211General electrical installation work
71121Engineering and related technical consultancy, excluding land surveyors
85592Vocational training
E-invoicing
Reachable via Peppol
Peppol ID
0208:0865630869
Also
9925:BE0865630869
Registered
17-06-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.