CDL
ActiveSummary
CDL has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €282k and a net result of €38k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 43% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability75▲+1
Solvency63▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19k at 30 days acceptable
Liquidity short (current ratio 0.53 against 0.37 in 2024; short-term debt: 14.9% and cash: 4.8% of total assets), and 62.4% of the assets are financed with debt.
Credit check for your own amount and term
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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% 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
37.6%
Return on assets
5.1%
Age of the figures
9 mo
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 d early
2024
24 d early
2023
47 d early
2022
63 d early
2021
57 d early
2020
54 d early
2019
66 d early
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€282k▲ 13.5%
2024 · €249k
2018: €162klowest in 8 years
2019: €176k▲ +8.3% vs 2018
2020: €183k▲ +4.4% vs 2019
2021: €197k▲ +7.3% vs 2020
2022: €177k▼ -10.2% vs 2021
2023: €226k▲ +27.9% vs 2022
2024: €249k▲ +10.0% vs 2023
2025: €282k▲ +13.5% vs 2024highest in 8 years
2018 → 2025
Total assets
€750k▲ 5.3%
2024 · €712k
2018: €623k
2019: €627k▲ +0.6% vs 2018
2020: €564k▼ -10.0% vs 2019lowest in 8 years
2021: €856k▲ +51.7% vs 2020highest in 8 years
2022: €728k▼ -15.0% vs 2021
2023: €730k▲ +0.3% vs 2022
2024: €712k▼ -2.4% vs 2023
2025: €750k▲ +5.3% vs 2024
2018 → 2025
Net result
€38k▲ 33.5%
2024 · €28k
2018: €6k
2019: €13k▲ +133% vs 2018
2020: €8k▼ -42.6% vs 2019
2021: €13k▲ +74.1% vs 2020
2022: €-20k▼ -250% vs 2021lowest in 8 years
2023: €49k▲ +345% vs 2022highest in 8 years
2024: €28k▼ -42.4% vs 2023
2025: €38k▲ +33.5% vs 2024
2018 → 2025
Working capital
€-53k▲ 13.6%
2024 · €-61k
2018: €-84k
2019: €-90k▼ -6.3% vs 2018
2020: €-78k▲ +13.4% vs 2019
2021: €-151k▼ -94.9% vs 2020lowest in 8 years
2022: €-142k▲ +5.9% vs 2021
2023: €-82k▲ +42.6% vs 2022
2024: €-61k▲ +25.4% vs 2023
2025: €-53k▲ +13.6% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€197k-€177k▼ 10.2%€226k▲ 27.9%€249k▲ 10.0%€282k▲ 13.5%
2021: €197k
2022: €177k▼ -10.2% vs 2021lowest in 5 years
2023: €226k▲ +27.9% vs 2022
2024: €249k▲ +10.0% vs 2023
2025: €282k▲ +13.5% vs 2024highest in 5 years
Operating result€41k-€-8k€77k€48k▼ 38.1%€61k▲ 28.2%
2021: €41k
2022: €-8k▼ -121% vs 2021lowest in 5 years
2023: €77k▲ +1016% vs 2022highest in 5 years
2024: €48k▼ -38.1% vs 2023
2025: €61k▲ +28.2% vs 2024
Net result€13k-€-20k€49k€28k▼ 42.4%€38k▲ 33.5%
2021: €13k
2022: €-20k▼ -250% vs 2021lowest in 5 years
2023: €49k▲ +345% vs 2022highest in 5 years
2024: €28k▼ -42.4% vs 2023
2025: €38k▲ +33.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 28% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €750k
Fixed assets
€691k ▲ 2.2%
Current assets
€59k ▲ 64.2%
Equity and liabilities €750k
Equity
€282k ▲ 13.5%
Debt
€468k ▲ 0.9%
Debt's share of the balance-sheet total falls from 65.1% to 62.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€120k▲
2024 · €95k
Cash flow
€97k▲
2024 · €76k
Current ratio
0.53▲
2024 · 0.37
Debt to equity
1.66▼
2024 · 1.87
ROE
13.4%▲
2024 · 11.4%
ROA
5.1%▲
2024 · 4.0%
Interest coverage
12.32▲
2024 · 10.93
Debt ≤ 1 year
€112k▲
2024 · €97k
Debt > 1 year
€356k▼
2024 · €367k
Income taxes
€13k▲
2024 · €11k
Staff costs
€546▲
2024 · €331
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 · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€712k€750k▲
Fixed assets21/28€676k€691k▲
Tangible fixed assets22/27€676k€691k▲
Land and buildings22€610k€578k▼
Plant, machinery and equipment23€8k€5k▼
Furniture and vehicles24€58k€108k▲
Financial fixed assets28€135€135=
Current assets29/58€36k€59k▲
Amounts receivable within one year40/41€11k€19k▲
Trade receivables40€10k€10k▲
Other amounts receivable41€131€9k▲
Cash at bank and in hand54/58€25k€36k▲
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€712k€750k▲
Equity10/15€249k€282k▲
Contributions10/11€19k€19k=
Reserves13€229k€263k▲
Tax-exempt reserves132€4k€4k=
Distributable reserves133€225k€259k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€464k€468k▲
Amounts payable after more than one year17€367k€356k▼
Financial debts170/4€367k€356k▼
Amounts payable within one year42/48€97k€112k▲
Current portion of amounts payable after more than one year42€46k€57k▲
Trade debts44€10k€31k▲
Suppliers440/4€10k€31k▲
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€1k€4k▲
Remuneration and social security454/9€4k-
Other amounts payable47/48€35k€19k▼
Income statement
Code20242025
Non-recurring operating income76A€3k€18k▲
Remuneration, social security and pensions62€331€546▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€59k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0
Other operating charges640/8€4k€4k▲
Gross operating margin9900€99k€124k▲
Operating profit (loss)9901€48k€61k▲
Financial income75/76B€825€3▼
Recurring financial income75€825€3▼
Financial charges65/66B€9k€10k▲
Recurring financial charges65€9k€10k▲
Profit (loss) for the period before taxes9903€40k€51k▲
Income taxes67/77€11k€13k▲
Profit (loss) for the period9904€28k€38k▲
Profit (loss) for the period to be appropriated9905€28k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€28k€38k▲
Transfer from equity791/2€6k€9k▲
Transfer to equity691/2€28k€38k▲
To other reserves6921€28k€38k▲
Profit to be distributed694/7€6k€9k▲
Return on contributions (dividend)694€6k€9k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €14k | €3k | €18k | ▲ 444% |
| Remuneration, social security and pensions62 | - | - | - | €331 | €546 | ▲ 65.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €93k | €101k | €55k | €47k | €59k | ▲ 24.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €4k | - | €0 | - |
| Other operating charges640/8 | €3k | €4k | €6k | €4k | €4k | ▲ 2.1% |
| Gross operating margin9900 | €137k | €96k | €141k | €99k | €124k | ▲ 25.3% |
| Operating profit (loss)9901 | €41k | €-8k | €77k | €48k | €61k | ▲ 28.2% |
| Financial income75/76B | €1k | €898 | €734 | €825 | €3 | ▼ 99.6% |
| Recurring financial income75 | €1k | €898 | €734 | €825 | €3 | ▼ 99.6% |
| Financial charges65/66B | €22k | €12k | €13k | €9k | €10k | ▲ 11.9% |
| Recurring financial charges65 | €22k | €12k | €13k | €9k | €10k | ▲ 11.9% |
| Profit (loss) for the period before taxes9903 | €20k | €-20k | €65k | €40k | €51k | ▲ 29.1% |
| Income taxes67/77 | €6k | €212 | €15k | €11k | €13k | ▲ 18.0% |
| Profit (loss) for the period9904 | €13k | €-20k | €49k | €28k | €38k | ▲ 33.5% |
| Profit (loss) for the period to be appropriated9905 | €13k | €-20k | €49k | €28k | €38k | ▲ 33.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €856k | €728k | €730k | €712k | €750k | ▲ 5.3% |
| Fixed assets21/28 | €803k | €712k | €668k | €676k | €691k | ▲ 2.2% |
| Tangible fixed assets22/27 | €803k | €712k | €667k | €676k | €691k | ▲ 2.2% |
| Land and buildings22 | €710k | €676k | €643k | €610k | €578k | ▼ 5.3% |
| Plant, machinery and equipment23 | €17k | €18k | €10k | €8k | €5k | ▼ 33.7% |
| Furniture and vehicles24 | €76k | €17k | €15k | €58k | €108k | ▲ 85.6% |
| Financial fixed assets28 | - | €135 | €135 | €135 | €135 | = |
| Current assets29/58 | €53k | €16k | €62k | €36k | €59k | ▲ 64.2% |
| Amounts receivable within one year40/41 | €36k | €13k | €62k | €11k | €19k | ▲ 82.4% |
| Trade receivables40 | €33k | €9k | €49k | €10k | €10k | ▲ 0.6% |
| Other amounts receivable41 | €3k | €4k | €13k | €131 | €9k | ▲ 6,547% |
| Cash at bank and in hand54/58 | €17k | €2k | €356 | €25k | €36k | ▲ 41.7% |
| Deferred charges and accrued income490/1 | - | €610 | - | - | €4k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €856k | €728k | €730k | €712k | €750k | ▲ 5.3% |
| Equity10/15 | €197k | €177k | €226k | €249k | €282k | ▲ 13.5% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €177k | €157k | €207k | €229k | €263k | ▲ 14.7% |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Tax-exempt reserves132 | €4k | €4k | €4k | €4k | €4k | = |
| Distributable reserves133 | €171k | €151k | €202k | €225k | €259k | ▲ 14.9% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €659k | €551k | €504k | €464k | €468k | ▲ 0.9% |
| Amounts payable after more than one year17 | €456k | €393k | €360k | €367k | €356k | ▼ 2.8% |
| Financial debts170/4 | €456k | €393k | €360k | €367k | €356k | ▼ 2.8% |
| Amounts payable within one year42/48 | €204k | €158k | €144k | €97k | €112k | ▲ 15.2% |
| Current portion of amounts payable after more than one year42 | €89k | €55k | €33k | €46k | €57k | ▲ 24.8% |
| Financial debts43 | - | €12k | €15k | - | - | - |
| Credit institutions430/8 | - | €12k | €15k | - | - | - |
| Trade debts44 | €30k | €14k | €42k | €10k | €31k | ▲ 194% |
| Suppliers440/4 | €30k | €14k | €42k | €10k | €31k | ▲ 194% |
| Taxes, remuneration and social security45 | €15k | €17k | €13k | €6k | €4k | ▼ 25.7% |
| Taxes450/3 | €15k | €17k | €13k | €1k | €4k | ▲ 192% |
| Remuneration and social security454/9 | - | - | - | €4k | - | - |
| Other amounts payable47/48 | €70k | €60k | €41k | €35k | €19k | ▼ 44.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €-20k | €49k | €28k | €38k | ▲ 33.5% |
| + Depreciation and write-downs630 | €93k | €101k | €55k | €47k | €59k | ▲ 24.2% |
| Operating cash flow (approximation) | €106k | €81k | €104k | €76k | €97k | ▲ 27.7% |
| Investment in fixed assets (approximation) | - | €-10k | €-10k | €-56k | €-73k | ▼ 31.1% |
| Change in cash | - | €-15k | €-2k | €25k | €11k | ▼ 57.7% |
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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
14-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €49k
Net result €49k after one loss-making year.
31-12
Financial
Equity above €200kEq €226k ▲27.9%
Equity rises from €177k to €226k.
29-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-20k
Net result drops to €-20k, the lowest in the series; recovery starts the following year.
04-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 28 days late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Lochristi · 1 establishment unit since 1994
Ground area
1,860 m²
Building footprint
288 m²
Volume, LiDAR
1,582 m³
2 parcels, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
BVBA CDL Fransen Luc
since 19942.069.498.364
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44076H0417/00L000 | Flanders | 1,189 m² | 1 · 169 m² | 10.6 m · 2 fl. |
| 44076H0417/00H000 | Flanders | 671 m² | 1 · 119 m² | 6.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ECG PROJECT
BE 0838.982.593
Etterbeek · Eq €282,246
Build U²p
BE 0732.481.147
Londerzeel · Eq €282,340
DE RIDDER
BE 0431.786.986
Asse · Eq €282,121
ALGEMENE BOUWWERKEN D'HAUWE-COOMAN
BE 0436.528.605
Lede · Eq €282,343
YVAN MEURICE ET FILS
BE 0433.615.932
Aywaille · Eq €281,991
Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 11,159 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
Founded17-11-1993
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43410Roofing work
Scores and ratios are computed by Checked and are not a credit decision.