CDL
ActiveSummary
CDL has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €60,544 and a net result of €21,672. Equity is shrinking by ~3.3% per year across the filed fiscal years. Its solvency ranks better than 58% of 15369 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability98▲+28
Solvency91▲+10
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity ample (current ratio 2.8 against 1.89 in 2023; short-term debt: 34.1% and cash: 49.1% of total assets), and 34.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer 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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €60,544
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-06-2025, 35 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
32 d early
2022
33 d early
2021
29 d early
2020
25 d early
2019
35 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€60,544▲ 55.8%
2023 · €38,872
Total assets
€91,931▲ 31.8%
2023 · €69,774
Net result
€21,672▲ 4,037%
2023 · €524
Working capital
€56,357▲ 104%
2023 · €27,590
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
Line20202021202220232024
Operating result-€875-€5,042▼ 476%-€5,334▼ 5.8%€2,922€33,412▲ 1,044%
Net result-€1,605-€5,709▼ 256%-€6,112▼ 7.1%€524€21,672▲ 4,037%
Equity€50,169▼ 3.1%€44,460▼ 11.4%€38,348▼ 13.7%€38,872▲ 1.4%€60,544▲ 55.8%
Total assets€90,315▲ 27.3%€80,084▼ 11.3%€77,943▼ 2.7%€69,774▼ 10.5%€91,931▲ 31.8%
Debt€40,146▲ 109%€35,624▼ 11.3%€39,595▲ 11.1%€30,902▼ 22.0%€31,386▲ 1.6%
Working capital-€2,225€8,904€19,971▲ 124%€27,590▲ 38.2%€56,357▲ 104%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 1,044% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €91,931
Fixed assets
€4,187 ▼ 62.9%
Current assets
€87,743 ▲ 50.0%
Equity and liabilities €91,931
Equity
€60,544 ▲ 55.8%
Debt
€31,386 ▲ 1.6%
Debt's share of the balance-sheet total falls from 44.3% to 34.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€40,507▲
2023 · €10,017
Cash flow
€28,767▲
2023 · €7,619
Current ratio
2.80▲
2023 · 1.89
Debt to equity
0.52▼
2023 · 0.79
ROE
35.8%▲
2023 · 1.3%
ROA
23.6%▲
2023 · 0.8%
Interest coverage
145.30▲
2023 · 95.98
Debt ≤ 1 year
€31,386▲
2023 · €30,902
Income taxes
€11,751▲
2023 · €2,298
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,324 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
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 31,324 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,616 | €17,178 | €17,178 | €7,095 | €7,095 | = |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €1,355 | - |
| Other operating charges640/8 | - | €942 | €988 | €1,017 | €1,055 | ▲ 3.7% |
| Gross operating margin9900 | €19,399 | €13,078 | €12,833 | €11,034 | €42,917 | ▲ 289% |
| Operating profit (loss)9901 | -€875 | -€5,042 | -€5,334 | €2,922 | €33,412 | ▲ 1,044% |
| Financial income75/76B | - | €340 | €1 | €4 | €290 | ▲ 6,693% |
| Recurring financial income75 | - | €340 | €1 | €4 | €290 | ▲ 6,693% |
| Financial charges65/66B | - | €337 | €556 | €104 | €279 | ▲ 167% |
| Recurring financial charges65 | €159 | €337 | €556 | €104 | €279 | ▲ 167% |
| Profit (loss) for the period before taxes9903 | -€1,034 | -€5,039 | -€5,889 | €2,822 | €33,423 | ▲ 1,084% |
| Income taxes67/77 | €572 | €670 | €223 | €2,298 | €11,751 | ▲ 411% |
| Profit (loss) for the period9904 | -€1,605 | -€5,709 | -€6,112 | €524 | €21,672 | ▲ 4,037% |
| Profit (loss) for the period to be appropriated9905 | -€1,605 | -€5,709 | -€6,112 | €524 | €21,672 | ▲ 4,037% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €90,315 | €80,084 | €77,943 | €69,774 | €91,931 | ▲ 31.8% |
| Fixed assets21/28 | €52,734 | €35,556 | €18,377 | €11,282 | €4,187 | ▼ 62.9% |
| Tangible fixed assets22/27 | €52,734 | €35,556 | €18,377 | €11,282 | €4,187 | ▼ 62.9% |
| Furniture and vehicles24 | - | €35,556 | €18,377 | €11,282 | €4,187 | ▼ 62.9% |
| Current assets29/58 | €37,581 | €44,529 | €59,566 | €58,492 | €87,743 | ▲ 50.0% |
| Amounts receivable within one year40/41 | €27,679 | €12,781 | €22,788 | €41,366 | €34,003 | ▼ 17.8% |
| Trade receivables40 | - | €10,541 | €20,650 | €40,366 | €26,200 | ▼ 35.1% |
| Other amounts receivable41 | - | €2,240 | €2,139 | €1,000 | €7,803 | ▲ 680% |
| Cash at bank and in hand54/58 | €8,682 | €30,366 | €29,727 | €8,928 | €45,136 | ▲ 406% |
| Deferred charges and accrued income490/1 | - | €1,382 | €7,051 | €8,199 | €8,605 | ▲ 5.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €90,315 | €80,084 | €77,943 | €69,774 | €91,931 | ▲ 31.8% |
| Equity10/15 | €50,169 | €44,460 | €38,348 | €38,872 | €60,544 | ▲ 55.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €27,860 | €27,860 | €19,748 | €20,000 | €41,500 | ▲ 108% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | - | - | - |
| Distributable reserves133 | - | €26,000 | €17,888 | €20,000 | €41,500 | ▲ 108% |
| Profit (loss) carried forward14 | €3,709 | -€2,000 | - | €272 | €444 | ▲ 63.3% |
| Amounts payable17/49 | €40,146 | €35,624 | €39,595 | €30,902 | €31,386 | ▲ 1.6% |
| Amounts payable within one year42/48 | €39,806 | €35,624 | €39,595 | €30,902 | €31,386 | ▲ 1.6% |
| Trade debts44 | €4,218 | €894 | €3,486 | €7,726 | €1,654 | ▼ 78.6% |
| Suppliers440/4 | - | €894 | €3,486 | €7,726 | €1,654 | ▼ 78.6% |
| Taxes, remuneration and social security45 | - | €15,510 | €14,278 | €21,632 | €21,828 | ▲ 0.9% |
| Taxes450/3 | - | €14,110 | €13,278 | €16,132 | €18,404 | ▲ 14.1% |
| Remuneration and social security454/9 | - | €1,400 | €1,000 | €5,500 | €3,424 | ▼ 37.7% |
| Other amounts payable47/48 | - | €19,220 | €21,831 | €1,545 | €7,904 | ▲ 412% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,605 | -€5,709 | -€6,112 | €524 | €21,672 | ▲ 4,037% |
| + Depreciation and write-downs630 | €16,616 | €17,178 | €17,178 | €7,095 | €7,095 | = |
| Operating cash flow (approximation) | €15,011 | €11,469 | €11,066 | €7,619 | €28,767 | ▲ 278% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €21,684 | -€639 | -€20,799 | €36,208 | ▲ 274% |
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
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €21,672 ▲4,037%
Operating result €33,412, net result €21,672, both a record.
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €524
Net result €524 after 3 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet -€6,112
Net result drops to -€6,112, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
21-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Ottignies-Louvain-la-Neuve · 2 establishment units since 2004
Ground area
3,567 m²
Building footprint
953 m²
Volume, LiDAR
8,790 m³
2 parcels, Wallonia · tallest building 12.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
CDL
since 20042.216.509.287
CDL
since 20112.216.509.881
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25386B0107/00L002 | Wallonia | 1,788 m² | 1 · 745 m² | 12.5 m · 3 fl. |
| 25021F0261/00B000 | Wallonia | 1,779 m² | 1 · 207 m² | 9.5 m · 2 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.
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Of 12,174 companies in sector 69201 we hold annual accounts for 7,638. 6,157 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
Founded08-04-2004
Fiscal year end31-12
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0864606233
Registered
03-01-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.