Equity
€282,231 ▲ 13.5%
CDL paid out €9,471 in dividends. That is 25% of the 2025 profit.
CDL
Lifetime
20 annual accounts with figures on one time axis, 32 filings since 1994peak €141,309 (2023)
€124,415▲ 25.3%
lowest -€26,406 (2012)
€37,957▲ 33.5%
peak €282,231 (2025)
€282,231▲ 13.5%
€468,035▲ 0.9%
Board3 names since 2021
3 directorsLuc Fransen and 2 others
Documentsfilings and deeds
21-05-202671 days before the deadline
2025micro format
Gross margin from €99,262 to €124,415Result from €28,424 to €37,957Dividend €9,471Equity from €248,633 to €282,231Cash from €25,405 to €36,000
Key points
from the 2025 annual accountsFilings
32 annual accounts since 1994
The 2017 accounts came 28 days late. The other nine of the last ten were filed on time.
Position in the sector
€282,231
More equity than 91% of companies in construction of buildings. Sector median €45,553 · 9,465 companies.
Checked score
89
Excellent
Financially stronger than 53% of micro companies in construction of buildings (NACE 41)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.5% across 13,458 companies (NACE 41, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025highest value
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.2%▼ -0.5 percentage points vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.3%▲ +0.1 percentage points vs 04-2026
06-2026: 0.2%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 0.2%● unchanged vs 06-2026lowest value
08-2026: 0.2%● unchanged vs 07-2026lowest value
09-2026: 0.2%● unchanged vs 08-2026lowest value
10-2026: 0.2%● unchanged vs 09-2026lowest value
11-2026: 0.2%● unchanged vs 10-2026lowest value
Financial strengthStrong
Score breakdown
raises risk
Sector: Construction of residential and non-residential buildings (NACE 41)
lowers risk
Size: total assets €750,266
Founded in 1993
Figures for financial year 2025 (filed on 21-05-2026)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, micro). It does better than 45% of them on solvency, 57% on liquidity, 52% on profitability and 58% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as CDL has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of CDL itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for CDL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €25,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.53 (0.37 in 2024), below 1. Short-term debt is 14.9% and cash 4.8% of total assets. 62.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 21-05-2026, 71 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
71 days early
2024
24 days early
2023
47 days early
2022
63 days early
2021
57 days early
2020
54 days early
2019
66 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 55 days before the deadline. In the sector (NACE 41), the median for financial year 2024 was on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 June (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
Recent changes
Changes of role: Luc Fransen, Kevin Fransen and Robin Fransen
General meeting of 07-12-2023 · Gazette deed
First establishment
BVBA CDL Fransen Luc, Rechtstraat 138, Lochristi
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CDL Lochristi | €750,266 | €124,415 | 37.6% | - |
| RUTSAERT Lede | €735,488 | €133,692 | 79.7% | - |
| VERGEYLEN PETER Wichelen | €712,717 | €137,410 | 35.8% | - |
| M.M. PROJECT MANAGEMENT Lievegem | €608,006 | €119,895 | 50.9% | - |
| DE PELSMAEKER - VAN OSSELAER ALGEMENE BOUWONDERNEMING Sint-Gillis-Waas | €667,247 | €154,026 | 86.3% | - |
| MATHYS Evergem | €690,870 | €110,421 | 1.1% | - |
| DE PAUW INVEST Herzele | €930,104 | €120,849 | 54.0% | - |
These companies have the same main activity as CDL: general construction of residential buildings (NACE 41001). They are comparable in size and age: total assets between €608,000 and €930,000, founded between 1988 and 1997.
Official details
Source: KBO- Status
- Active since 17-11-1993Normal situation
- Activity
- General construction of residential buildingsNACE 41001and 1 other
- Establishment unit
- 2.069.498.3649080 Lochristi, since 21-12-1994
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- ≈ €410,000estimated
- €750,266▲ 5.3%
- ≈ 0 FTEestimated
- Filing
- Filed on 21-05-2026, 71 days before the end of the filing period
Insights on CDL
CDL files the micro format. That format states no turnover. The gross margin rose from €39,918 in 2006 to €124,415 in 2025.
The balance sheet grew most in 2021 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CDL
- What is the company number of CDL?
- The company number of CDL is 0451.426.419. The VAT number is the same number with BE in front: BE 0451.426.419.
- Where is CDL based?
- The registered office is at Rechtstraat 136, 9080 Lochristi.Company details
- What does CDL do?
- According to the KBO register, the main activity is general construction of residential buildings (NACE 41001).
- What is the legal form of CDL?
- CDL is a private limited company (BV).
- When was CDL founded?
- CDL was founded on 17-11-1993.
- Is CDL still active?
- Yes, CDL is an active enterprise in the KBO register.
- What is the turnover of CDL?
- The turnover in financial year 2025 is ≈ €410,000. This figure is estimated from the gross margin of €124,415 and 97 comparable companies (NACE 41001). It probably lies between €290,000 and €630,000.Financials
- Is CDL profitable?
- In financial year 2025, CDL made a profit of €37,957.
- Where can I find the annual accounts of CDL?
- CDL filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CDL due?
- CDL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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