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 (€-46k) and a net result of €-90k.
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 →
Checked, nothing found (1)
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
€-90k
2020 · €14k
2018: €11k
2019: €12k
2020: €14k
2018 → 2021
Working capital
€-19k
2020 · €79k
2018: €-11k
2019: €-5k
2020: €79k
2018 → 2021
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2018201920202021Trend
Equity€17k-€30k▲ 71.2%€44k▲ 48.2%€-46k
Operating result€6k-€18k▲ 219%€19k▲ 7.3%€-110k
Net result€11k-€12k▲ 10.9%€14k▲ 15.9%€-90k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2021: a loss of €110k after €19k in 2020, the lowest result in the available series.
Balance-sheet composition
2021 in colour, 2020 as the grey bar beneath
Assets €330k
Fixed assets
€2k ▼ 87.3%
Current assets
€327k ▼ 22.4%
Key figures and ratios
EBITDA
€-93k▼
2020 · €38k
Cash flow
€-73k▼
2020 · €32k
Solvency
-13.9%▼
2020 · 10.0%
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
€375k▼
2020 · €396k
Debt ≤ 1 year
€346k▲
2020 · €343k
Debt > 1 year
€29k▼
2020 · €51k
Income taxes
€12▼
2020 · €5k
Staff costs
€118k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2021 against 2020 · 53 lines
Balance sheet
Code20202021
Assets
Total assets20/58€440k€330k▼
Fixed assets21/28€19k€2k▼
Tangible fixed assets22/27€19k€2k▼
Plant, machinery and equipment23-€719
Other tangible fixed assets26-€939
Financial fixed assets28€302€752▲
Current assets29/58€421k€327k▼
Stocks and contracts in progress3€185k€235k▲
Stocks30/36-€235k
Amounts receivable within one year40/41€123k€55k▼
Trade receivables40-€52k
Other amounts receivable41-€4k
Cash at bank and in hand54/58€103k€36k▼
Deferred charges and accrued income490/1-€1k
Equity and liabilities
Total equity and liabilities10/49€440k€330k▼
Equity10/15€44k€-46k▼
Contributions10/11-€6k
Reserves13€1k€1k=
Non-distributable reserves130/1-€1k
Reserves not available under the articles1311-€1k
Profit (loss) carried forward14€37k€-53k▼
Amounts payable17/49€396k€375k▼
Amounts payable after more than one year17€51k€29k▼
Financial debts170/4-€29k
Amounts payable within one year42/48€343k€346k▲
Current portion of amounts payable after more than one year42-€22k
Trade debts44€80k€78k▼
Suppliers440/4-€78k
Advances received on contracts in progress46-€215k
Taxes, remuneration and social security45-€28k
Taxes450/3-€12k
Remuneration and social security454/9-€16k
Other amounts payable47/48-€3k
Accrued charges and deferred income492/3-€610
Income statement
Code20202021
Remuneration, social security and pensions62-€118k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€17k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€32k
Other operating charges640/8-€2k
Non-recurring operating charges66A-€8k
Gross operating margin9900€162k€68k▼
Operating profit (loss)9901€19k€-110k▼
Financial income75/76B-€31k
Recurring financial income75€6k€6k▼
Non-recurring financial income76B-€25k
Financial charges65/66B-€10k
Recurring financial charges65€8k€10k▲
Profit (loss) for the period before taxes9903€20k€-90k▼
Income taxes67/77€5k€12▼
Profit (loss) for the period9904€14k€-90k▼
Profit (loss) for the period to be appropriated9905€14k€-90k▼
Appropriation of the result
Profit (loss) to be appropriated9906-€-53k
Profit (loss) brought forward from the previous period14P-€37k
Social balance
Average headcount (FTE)9087-3.7
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2022
30-11
Bankruptcy
Opening
Tribunal de l’entreprise de Liège, division Neufchâteau · CDESIGN40 SPRL AV. DU ROLY-DU- SEIGNEUR, MAISSIN 2, 6852 OPONT · 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 €-90k ▼727%
Net result drops to €-90k, 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 €14k ▲15.9%
Operating result €19k, net result €14k, 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.
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
Methodology
via establishment units: 1
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 2,610 companies in sector 47551 we hold annual accounts for 1,718. 1,156 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded24-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
47551Retail sale of household furniture
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:hubertcindy@hotmail.com
Phone:0479/507.264