CDL-pROJECT
ActiveSummary
CDL-pROJECT has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €668,956 and a net result of €364,442. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 49% of 9537 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+63
Solvency79▲+38
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 13.8 against 32.44 in 2024; short-term debt: 6.4% and cash: 18.6% of total assets), and 46.5% of the assets are financed with debt.
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Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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 · 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
53.5%
Return on assets
29.2%
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
27 d early
2023
30 d late
2022
22 d late
2021
31 d late
2020
2 d late
2019
12 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€364,442▲ 2,575%
2024 · €13,622
Working capital
€1.0m▼ 45.0%
2024 · €1.9m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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
Line20212022202320242025
Operating result€53,278▲ 62.1%€83,207▲ 56.2%€34,954▼ 58.0%€45,539▲ 30.3%€560,698▲ 1,131%
Net result€32,643within the sector's middle half▲ 55.5%€51,768within the sector's middle half▲ 58.6%€12,052within the sector's middle half▼ 76.7%€13,622within the sector's middle half▲ 13.0%€364,442above the sector's middle half▲ 2,575%
Equity€276,820within the sector's middle half▲ 13.0%€314,184within the sector's middle half▲ 13.5%€326,236above the sector's middle half▲ 3.8%€339,858above the sector's middle half▲ 4.2%€668,956above the sector's middle half▲ 96.8%
Total assets€322,745within the sector's middle half▲ 23.2%€925,690within the sector's middle half▲ 187%€1.3mabove the sector's middle half▲ 40.0%€2.1mabove the sector's middle half▲ 62.0%€1.2mabove the sector's middle half▼ 40.5%
Debt€44,072▲ 191%€609,652▲ 1,283%€967,944▲ 58.8%€1.8m▲ 81.6%€578,928▼ 67.1%
Working capital€93,734▲ 111%€675,395▲ 621%€1.1m▲ 63.7%€1.9m▲ 68.0%€1.0m▼ 45.0%
Solvency85.8%above the sector's middle half▼ 7.7pp33.9%within the sector's middle half▼ 51.8pp25.2%below the sector's middle half▼ 8.8pp16.2%below the sector's middle half▼ 9.0pp53.5%within the sector's middle half▲ 37.3pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 1,131% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.2m
Fixed assets
€147,948 ▼ 19.4%
Current assets
€1.1m ▼ 42.5%
Equity and liabilities €1.2m
Equity
€668,956 ▲ 96.8%
Provisions
€1,854 =
Debt
€578,928 ▼ 67.1%
Debt's share of the balance-sheet total falls from 83.7% to 46.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€573,062▲
2024 · €51,352
Cash flow
€376,806▲
2024 · €19,434
Current ratio
13.80▼
2024 · 32.44
Quick ratio
3.42▲
2024 · 1.42
Debt to equity
0.87▼
2024 · 5.17
ROE
54.5%▲
2024 · 4.0%
ROA
29.2%▲
2024 · 0.6%
Interest coverage
23.54▲
2024 · 2.13
Debt ≤ 1 year
€79,812▲
2024 · €59,060
Debt > 1 year
€485,868▼
2024 · €1.7m
Income taxes
€172,017▲
2024 · €8,832
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% 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 20,082 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,860 | €6,724 | €5,634 | €5,812 | €12,364 | ▲ 113% |
| Other operating charges640/8 | €12,858 | €16,227 | €15,747 | €16,054 | €17,596 | ▲ 9.6% |
| Gross operating margin9900 | €72,996 | €106,159 | €56,335 | €67,405 | €590,658 | ▲ 776% |
| Operating profit (loss)9901 | €53,278 | €83,207 | €34,954 | €45,539 | €560,698 | ▲ 1,131% |
| Financial income75/76B | - | €0 | €18 | €1,053 | €100 | ▼ 90.5% |
| Recurring financial income75 | - | €0 | €18 | €1,053 | €100 | ▼ 90.5% |
| Financial charges65/66B | €750 | €3,831 | €14,160 | €24,139 | €24,339 | ▲ 0.8% |
| Recurring financial charges65 | €750 | €3,831 | €14,160 | €24,139 | €24,339 | ▲ 0.8% |
| Profit (loss) for the period before taxes9903 | €52,529 | €79,376 | €20,813 | €22,453 | €536,458 | ▲ 2,289% |
| Income taxes67/77 | €19,886 | €27,608 | €8,761 | €8,832 | €172,017 | ▲ 1,848% |
| Profit (loss) for the period9904 | €32,643 | €51,768 | €12,052 | €13,622 | €364,442 | ▲ 2,575% |
| Profit (loss) for the period to be appropriated9905 | €32,643 | €51,768 | €12,052 | €13,622 | €364,442 | ▲ 2,575% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €322,745 | €925,690 | €1.3m | €2.1m | €1.2m | ▼ 40.5% |
| Fixed assets21/28 | €185,807 | €179,083 | €173,448 | €183,512 | €147,948 | ▼ 19.4% |
| Tangible fixed assets22/27 | €185,807 | €179,083 | €173,448 | €183,512 | €147,948 | ▼ 19.4% |
| Land and buildings22 | €164,300 | €161,828 | €160,447 | €174,764 | €97,430 | ▼ 44.3% |
| Plant, machinery and equipment23 | €20,144 | €16,242 | €12,340 | €8,438 | €4,670 | ▼ 44.7% |
| Furniture and vehicles24 | €1,364 | €1,013 | €662 | €311 | €43,600 | ▲ 13,938% |
| Other tangible fixed assets26 | - | - | - | - | €2,248 | - |
| Current assets29/58 | €136,938 | €746,607 | €1.1m | €1.9m | €1.1m | ▼ 42.5% |
| Stocks and contracts in progress3 | €17,859 | €458,279 | €1.0m | €1.8m | €828,689 | ▼ 54.8% |
| Stocks30/36 | €17,859 | €458,279 | €1.0m | €1.8m | €828,689 | ▼ 54.8% |
| Amounts receivable within one year40/41 | €3,549 | €19,697 | €20,145 | €21,381 | €33,118 | ▲ 54.9% |
| Trade receivables40 | - | €6,344 | €2,215 | €779 | - | - |
| Other amounts receivable41 | €3,549 | €13,353 | €17,930 | €20,602 | €33,118 | ▲ 60.8% |
| Cash at bank and in hand54/58 | €113,942 | €266,339 | €59,697 | €29,700 | €232,361 | ▲ 682% |
| Deferred charges and accrued income490/1 | €1,588 | €2,291 | €14,997 | €32,922 | €7,622 | ▼ 76.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €322,745 | €925,690 | €1.3m | €2.1m | €1.2m | ▼ 40.5% |
| Equity10/15 | €276,820 | €314,184 | €326,236 | €339,858 | €668,956 | ▲ 96.8% |
| Contributions10/11 | €25,000 | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Outside capital11 | €25,000 | - | - | - | - | - |
| Other1109/19 | €25,000 | - | - | - | - | - |
| Reserves13 | €108,357 | €145,722 | €157,773 | €171,395 | €501,720 | ▲ 193% |
| Non-distributable reserves130/1 | €2,500 | €2,500 | - | - | - | - |
| Reserves not available under the articles1311 | €2,500 | €2,500 | - | - | - | - |
| Distributable reserves133 | €105,857 | €143,222 | €157,773 | €171,395 | €501,720 | ▲ 193% |
| Profit (loss) carried forward14 | €139,863 | €139,863 | €139,863 | €139,863 | €138,635 | ▼ 0.9% |
| Investment grants15 | €3,600 | €3,600 | €3,600 | €3,600 | €3,600 | = |
| Provisions and deferred taxes16 | €1,854 | €1,854 | €1,854 | €1,854 | €1,854 | = |
| Deferred taxes168 | €1,854 | €1,854 | €1,854 | €1,854 | €1,854 | = |
| Amounts payable17/49 | €44,072 | €609,652 | €967,944 | €1.8m | €578,928 | ▼ 67.1% |
| Amounts payable after more than one year17 | €868 | €535,868 | €935,868 | €1.7m | €485,868 | ▼ 71.2% |
| Financial debts170/4 | - | €535,000 | €935,000 | €1.7m | €485,000 | ▼ 71.2% |
| Other amounts payable178/9 | €868 | €868 | €868 | €868 | €868 | = |
| Amounts payable within one year42/48 | €43,204 | €71,212 | €17,267 | €59,060 | €79,812 | ▲ 35.1% |
| Trade debts44 | €16,875 | €54,838 | €9,469 | €48,836 | €33,365 | ▼ 31.7% |
| Suppliers440/4 | €16,875 | €54,838 | €9,469 | €48,836 | €33,365 | ▼ 31.7% |
| Taxes, remuneration and social security45 | €24,551 | €1,970 | €1,477 | €1,617 | €1,617 | = |
| Taxes450/3 | €24,551 | €1,970 | €1,477 | €1,617 | €1,617 | = |
| Other amounts payable47/48 | €1,778 | €14,404 | €6,321 | €8,607 | €44,830 | ▲ 421% |
| Accrued charges and deferred income492/3 | - | €2,572 | €14,809 | €12,712 | €13,249 | ▲ 4.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,643 | €51,768 | €12,052 | €13,622 | €364,442 | ▲ 2,575% |
| + Depreciation and write-downs630 | €6,860 | €6,724 | €5,634 | €5,812 | €12,364 | ▲ 113% |
| Operating cash flow (approximation) | €39,503 | €58,493 | €17,686 | €19,434 | €376,806 | ▲ 1,839% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€15,876 | €23,200 | ▲ 246% |
| Change in cash | - | €152,398 | -€206,642 | -€29,997 | €202,661 | ▲ 776% |
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
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €364,442 ▲2,575%
Operating result €560,698, net result €364,442, both a record.
31-12
Financial
Equity above €500,000Eq €668,956 ▲96.8%
8 profitable years in a row build equity to €668,956.
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €12,052 ▼76.7%
Net result drops to €12,052, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 6current ratio 65.01
Current ratio from 10.48 to 65.01; short-term debt falls from €71,212 to €17,267.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 22 days late
2022
31-12
Financial
Liquidity triplescurrent ratio 10.48
Current ratio from 3.17 to 10.48.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 2 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 4.11
Current ratio from 1.46 to 4.11; short-term debt falls from €19,043 to €14,294.
Show earlier events
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 1.46
Current ratio from 0.36 to 1.46.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 20 days late
2017
10-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 9 acts read
About the unread acts
We know of 9 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
9 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, Neupré · 1 establishment unit since 2003
Ground area
4,815 m²
Parcel 62081D0144/00N000, Wallonia. Linked by address, not a title deed.
1 establishment unit
SOCIETE IMMOBILIERE DE LAVAUX
since 20032.348.280.621
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62081D0144/00N000 | Wallonia | 4,815 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.
Similar companies · same sector, comparable size
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Bureau d'architecture François SAMAIN
BE 0816.999.524
Pecq · Eq €669,731
DONCK ARCHITECTS IMMO
BE 0841.120.850
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DnA architecten ingenieurs
BE 0863.955.145
Oudenaarde · Eq €666,973
Of 18,250 companies in sector 71111 we hold annual accounts for 6,320. 3,529 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
Founded17-07-1992
Fiscal year end31-12
Abbreviation FR
CDL
Activities, NACEBEL 2025
71111Activities of building architects
E-invoicing
Reachable via Peppol
Peppol ID
0208:0447957579
Also
9925:BE0447957579
Registered
02-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.