Cdesign40
Open bankruptcyA bankruptcy procedure is open for Cdesign40 according to publications in the Belgian State Gazette; curator: OLIVIER RODESCH.
Summary
The 2021 annual accounts show negative equity (-€45,650) and a net result of -€89,585.
Are you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
If this company owes you money, you are not paid automatically: you file your claim yourself, within the deadline the judgment sets.
The procedure
- Court
- Enterprise Court of Liège, Neufchâteau division
- Declared bankrupt
- 25 November 2022
- Supervising judge
- RENé Wavreille
- Official Gazette
- 30-11-2022 (pdf) ↗search the document for 2022/144134
Deadlines
- Appeal or third-party opposition until
- passed on 15 December 2022Fifteen days after the publication in the Official Gazette.art. XX.108 CEL
- File the claim in RegSol until
- passed on 25 December 2022art. XX.104 and XX.155 CEL
- First verification report
- passed on 20 January 2023Goods that belong to you, such as those delivered under retention of title, are reclaimed before this day.art. XX.104 and XX.194 CEL
- Late claim until
- passed on 25 November 2023Late, you share only in what has not been paid out yet, and the costs are yours.art. XX.165 CEL
Curator
- Olivier RodeschRue Du Fournil, (Givroulle) 34, 6687 Bertogne- avocats.com
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
The deadlines above come from the publication of the judgment. Check them in RegSol before you file anything; a passed deadline no longer applies.
File a claim in RegSol ↗
Watch
Follow this bankruptcy: you are alerted when it is closed or reversed.
General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help.Creditor guide for this company
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 11-08-2022, 11 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
11 d late
2020
24 d late
2019
52 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 29 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Are there other customers at risk in your own list?List enrichment How is the Retail sale of household furniture sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2021, full schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€89,585
2020 · €14,293
Working capital
-€18,714
2020 · €78,780
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, 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
Line2018201920202021
Operating result€5,659-€18,066▲ 219%€19,386▲ 7.3%-€109,683
Net result€11,113-€12,329▲ 10.9%€14,293within the sector's middle half▲ 15.9%-€89,585below the sector's middle half
Equity€17,313-€29,642▲ 71.2%€43,935within the sector's middle half▲ 48.2%-€45,650below the sector's middle half
Total assets€479,356-€479,356=€440,415within the sector's middle half▼ 8.1%€329,560below the sector's middle half▼ 25.2%
Debt€462,044-€462,044=€396,479▼ 14.2%€375,210▼ 5.4%
Working capital-€11,185--€4,878▲ 56.4%€78,780-€18,714
Solvency3.6%-6.2%▲ 2.6pp10.0%below the sector's middle half▲ 3.8pp-13.9%below the sector's middle half▼ 23.8pp
Staff (FTE)3.1-4▲ 29.0%3.4within the sector's middle half▼ 15.0%3.7within the sector's middle half▲ 8.8%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €109,683 after €19,386 in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €329,560
Fixed assets
€2,410 ▼ 87.3%
Current assets
€327,150 ▼ 22.4%
Key figures and ratios
EBITDA
-€92,699▼
2020 · €37,531
Cash flow
-€72,600▼
2020 · €32,438
Current ratio
0.95▼
2020 · 1.23
Quick ratio
0.27▼
2020 · 0.69
Debt to equity
-8.22▼
2020 · 1.17
ROA
-27.2%▼
2020 · 3.2%
Interest coverage
-8.86
Debt ≤ 1 year
€345,865▲
2020 · €342,690
Debt > 1 year
€28,735▼
2020 · €51,214
Income taxes
€12▼
2020 · €5,470
Staff costs
€117,822
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €117,822 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,451 | €20,451 | €18,145 | €16,985 | ▼ 6.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €32,359 | - |
| Other operating charges640/8 | - | - | - | €2,465 | - |
| Non-recurring operating charges66A | - | - | - | €8,070 | - |
| Gross operating margin9900 | €168,047 | €190,113 | €162,246 | €68,018 | ▼ 58.1% |
| Operating profit (loss)9901 | €5,659 | €18,066 | €19,386 | -€109,683 | ▼ 666% |
| Financial income75/76B | - | - | - | €30,574 | - |
| Recurring financial income75 | €13,272 | €13,272 | €6,267 | €5,574 | ▼ 11.1% |
| Non-recurring financial income76B | - | - | - | €25,000 | - |
| Financial charges65/66B | - | - | - | €10,464 | - |
| Recurring financial charges65 | €2,203 | €6,194 | €8,495 | €10,464 | ▲ 23.2% |
| Profit (loss) for the period before taxes9903 | €16,728 | €18,950 | €19,763 | -€89,573 | ▼ 553% |
| Income taxes67/77 | €5,615 | €6,621 | €5,470 | €12 | ▼ 99.8% |
| Profit (loss) for the period9904 | €11,113 | €12,329 | €14,293 | -€89,585 | ▼ 727% |
| Profit (loss) for the period to be appropriated9905 | €11,113 | €12,329 | €14,293 | -€89,585 | ▼ 727% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €479,356 | €479,356 | €440,415 | €329,560 | ▼ 25.2% |
| Formation expenses20 | €0 | €0 | - | - | - |
| Fixed assets21/28 | €52,551 | €52,551 | €18,944 | €2,410 | ▼ 87.3% |
| Intangible fixed assets21 | €0 | €0 | - | - | - |
| Tangible fixed assets22/27 | €52,249 | €52,249 | €18,643 | €1,658 | ▼ 91.1% |
| Plant, machinery and equipment23 | - | - | - | €719 | - |
| Other tangible fixed assets26 | - | - | - | €939 | - |
| Financial fixed assets28 | €302 | €302 | €302 | €752 | ▲ 149% |
| Current assets29/58 | €426,805 | €433,112 | €421,470 | €327,150 | ▼ 22.4% |
| Stocks and contracts in progress3 | €198,631 | €222,986 | €184,844 | €234,626 | ▲ 26.9% |
| Stocks30/36 | - | - | - | €234,626 | - |
| Amounts receivable within one year40/41 | €23,238 | €60,731 | €122,676 | €55,498 | ▼ 54.8% |
| Trade receivables40 | - | - | - | €51,555 | - |
| Other amounts receivable41 | - | - | - | €3,943 | - |
| Current investments50/53 | €0 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €204,386 | €204,386 | €102,715 | €35,662 | ▼ 65.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,364 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €479,356 | €479,356 | €440,415 | €329,560 | ▼ 25.2% |
| Equity10/15 | €17,313 | €29,642 | €43,935 | -€45,650 | ▼ 204% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | - |
| Reserves13 | €556 | €1,172 | €1,172 | €1,172 | = |
| Non-distributable reserves130/1 | - | - | - | €1,172 | - |
| Reserves not available under the articles1311 | - | - | - | €1,172 | - |
| Profit (loss) carried forward14 | €10,557 | €22,270 | €36,563 | -€53,022 | ▼ 245% |
| Amounts payable17/49 | €462,044 | €462,044 | €396,479 | €375,210 | ▼ 5.4% |
| Amounts payable after more than one year17 | - | €73,250 | €51,214 | €28,735 | ▼ 43.9% |
| Financial debts170/4 | - | - | - | €28,735 | - |
| Amounts payable within one year42/48 | €437,990 | €437,990 | €342,690 | €345,865 | ▲ 0.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €22,479 | - |
| Trade debts44 | €143,069 | €143,069 | €80,355 | €77,575 | ▼ 3.5% |
| Suppliers440/4 | - | - | - | €77,575 | - |
| Advances received on contracts in progress46 | - | - | - | €215,118 | - |
| Taxes, remuneration and social security45 | - | - | - | €27,551 | - |
| Taxes450/3 | - | - | - | €11,627 | - |
| Remuneration and social security454/9 | - | - | - | €15,925 | - |
| Other amounts payable47/48 | - | - | - | €3,141 | - |
| Accrued charges and deferred income492/3 | - | - | - | €610 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,113 | €12,329 | €14,293 | -€89,585 | ▼ 727% |
| + Depreciation and write-downs630 | €20,451 | €20,451 | €18,145 | €16,985 | ▼ 6.4% |
| Operating cash flow (approximation) | €31,564 | €32,780 | €32,438 | -€72,600 | ▼ 324% |
| Investment in fixed assets (approximation) | - | -€20,451 | €15,461 | -€450 | ▼ 103% |
| Change in cash | - | €0 | -€101,671 | -€67,053 | ▲ 34.0% |
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
2022
30-11
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Neufchâteau · event 25-11-2022
11-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 11 days late
2021
31-12
Financial
Weakest financial yearnet -€89,585
Net result drops to -€89,585, the lowest in the series.
24-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 24 days late
2020
31-12
Financial
Highest result since 2018net €14,293 ▲15.9%
Operating result €19,386, net result €14,293, both a record.
21-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 52 days late
2019
28-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Paliseul · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Av. du Roly-du-Seigneur, Maissin 26852 PaliseulGround area
9.1 ha
Building footprint
2,335 m²
Parcel 81011C2315/00G000, Wallonia. Linked by address, not a title deed.
1 establishment unit
Cdesign40
since 20172.270.077.142
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 81011C2315/00G000 | Wallonia | 9.1 ha | 1 · 2,335 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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | OLIVIER RODESCH RUE DU FOURNIL,
(GIVROULLE) 34, 6687 BERTOGNE- olivier.rodesch@kadri-
avocats.com |
25-11-2022 → present |
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Of 2,606 companies in sector 47551 we hold annual accounts for 1,718. 1,158 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 (pre-2019)
Founded24-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
Contact
E-mail
hubertcindy@hotmail.comArlon
Phone
0479/507.264Arlon
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.