CDLR SPRL
ActiveSummary
CDLR SPRL has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €77,555 and a net result of €14,449. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 25% of 37969 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+26
Solvency51▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days acceptable
Liquidity short (current ratio 0.04 against 0.02 in 2023; short-term debt: 34.3% and cash: 1.4% of total assets), and 73.7% 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
26.3%
Return on assets
4.9%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 37969 sector peers (2024).
NBB · sector comparisonPosition among 37969 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-10-2025, 76 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
76 d late
2023
88 d late
2022
72 d late
2021
145 d late
2020
90 d late
2019
455 d late
← 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 154 days after 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
€77,555▲ 22.9%
2023 · €63,106
Total assets
€294,807▼ 5.0%
2023 · €310,452
Net result
€14,449
2023 · -€664
Working capital
-€96,987▲ 2.2%
2023 · -€99,207
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, 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
Line20202021202220232024
Operating result€14,528▼ 58.4%€17,080▲ 17.6%€13,791▼ 19.3%€8,406▼ 39.1%€25,635▲ 205%
Net result€1,999within the sector's middle half▼ 90.6%€5,725within the sector's middle half▲ 186%€3,925within the sector's middle half▼ 31.4%-€664below the sector's middle half€14,449within the sector's middle half
Equity€54,119within the sector's middle half▲ 3.8%€59,845within the sector's middle half▲ 10.6%€63,770within the sector's middle half▲ 6.6%€63,106within the sector's middle half▼ 1.0%€77,555within the sector's middle half▲ 22.9%
Total assets€365,615within the sector's middle half▼ 4.1%€370,922within the sector's middle half▲ 1.5%€351,095within the sector's middle half▼ 5.3%€310,452within the sector's middle half▼ 11.6%€294,807within the sector's middle half▼ 5.0%
Debt€311,496▼ 5.3%€311,077▼ 0.1%€287,325▼ 7.6%€247,346▼ 13.9%€217,252▼ 12.2%
Working capital-€60,151below the sector's middle half▼ 100%-€57,840below the sector's middle half▲ 3.8%-€88,612below the sector's middle half▼ 53.2%-€99,207below the sector's middle half▼ 12.0%-€96,987below the sector's middle half▲ 2.2%
Solvency14.8%below the sector's middle half▲ 1.1pp16.1%below the sector's middle half▲ 1.3pp18.2%below the sector's middle half▲ 2.0pp20.3%below the sector's middle half▲ 2.2pp26.3%below the sector's middle half▲ 6.0pp
Current ratio0.28below the sector's middle half▼ 0.150.30below the sector's middle half▲ 0.020.21below the sector's middle half▼ 0.090.02below the sector's middle half▼ 0.190.04below the sector's middle half▲ 0.02
Return on assets (ROA)0.5%below the sector's middle half▼ 5.0pp1.5%within the sector's middle half▲ 1.0pp1.1%below the sector's middle half▼ 0.4pp-0.2%below the sector's middle half▼ 1.3pp4.9%within the sector's middle half▲ 5.1pp
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
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 2024; 2024 is 205% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €294,807
Fixed assets
€290,672 ▼ 5.7%
Current assets
€4,135 ▲ 95.6%
Equity and liabilities €294,807
Equity
€77,555 ▲ 22.9%
Debt
€217,252 ▼ 12.2%
Debt's share of the balance-sheet total falls from 79.7% to 73.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€43,302▲
2023 · €27,028
Cash flow
€32,115▲
2023 · €17,958
Debt to equity
2.80▼
2023 · 3.92
ROE
18.6%▲
2023 · -1.1%
Interest coverage
5.29▲
2023 · 2.98
Debt ≤ 1 year
€101,122▼
2023 · €101,321
Debt > 1 year
€116,130▼
2023 · €146,025
Income taxes
€3,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,504 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 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% | 1.7% |
| 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 75% 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 4,504 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 | €16,556 | €17,247 | €18,622 | €18,622 | €17,666 | ▼ 5.1% |
| Other operating charges640/8 | - | €600 | €2,500 | €9,504 | €1,904 | ▼ 80.0% |
| Gross operating margin9900 | €33,484 | €34,927 | €34,913 | €36,532 | €45,205 | ▲ 23.7% |
| Operating profit (loss)9901 | €14,528 | €17,080 | €13,791 | €8,406 | €25,635 | ▲ 205% |
| Financial income75/76B | - | €3 | €319 | - | - | - |
| Recurring financial income75 | - | €3 | €319 | - | - | - |
| Financial charges65/66B | - | €11,358 | €10,185 | €9,070 | €8,186 | ▼ 9.7% |
| Recurring financial charges65 | €12,529 | €11,358 | €10,185 | €9,070 | €8,186 | ▼ 9.7% |
| Profit (loss) for the period before taxes9903 | €1,999 | €5,725 | €3,925 | -€664 | €17,449 | ▲ 2,728% |
| Income taxes67/77 | - | - | - | - | €3,000 | - |
| Profit (loss) for the period9904 | €1,999 | €5,725 | €3,925 | -€664 | €14,449 | ▲ 2,276% |
| Profit (loss) for the period to be appropriated9905 | €1,999 | €5,725 | €3,925 | -€664 | €14,449 | ▲ 2,276% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €365,615 | €370,922 | €351,095 | €310,452 | €294,807 | ▼ 5.0% |
| Fixed assets21/28 | €342,168 | €345,583 | €326,960 | €308,338 | €290,672 | ▼ 5.7% |
| Tangible fixed assets22/27 | €342,168 | €345,583 | €326,960 | €308,338 | €290,672 | ▼ 5.7% |
| Land and buildings22 | - | €343,670 | €326,004 | €308,338 | €290,672 | ▼ 5.7% |
| Plant, machinery and equipment23 | - | €1,912 | €956 | €0 | - | - |
| Current assets29/58 | €23,447 | €25,339 | €24,134 | €2,114 | €4,135 | ▲ 95.6% |
| Amounts receivable within one year40/41 | €22,200 | €22,200 | €22,200 | - | - | - |
| Trade receivables40 | - | €22,200 | €22,200 | - | - | - |
| Cash at bank and in hand54/58 | €1,247 | €3,139 | €1,934 | €1,218 | €4,135 | ▲ 240% |
| Deferred charges and accrued income490/1 | - | - | - | €896 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €365,615 | €370,922 | €351,095 | €310,452 | €294,807 | ▼ 5.0% |
| Equity10/15 | €54,119 | €59,845 | €63,770 | €63,106 | €77,555 | ▲ 22.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €26,860 | €26,860 | €26,860 | €26,860 | €26,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €25,000 | €25,000 | €25,000 | €25,000 | = |
| Profit (loss) carried forward14 | €8,659 | €14,385 | €18,310 | €17,646 | €32,095 | ▲ 81.9% |
| Amounts payable17/49 | €311,496 | €311,077 | €287,325 | €247,346 | €217,252 | ▼ 12.2% |
| Amounts payable after more than one year17 | €227,898 | €227,898 | €174,578 | €146,025 | €116,130 | ▼ 20.5% |
| Financial debts170/4 | - | €227,898 | €174,578 | €146,025 | €116,130 | ▼ 20.5% |
| Amounts payable within one year42/48 | €83,598 | €83,179 | €112,747 | €101,321 | €101,122 | ▼ 0.2% |
| Current portion of amounts payable after more than one year42 | - | - | €27,272 | €28,657 | €29,895 | ▲ 4.3% |
| Trade debts44 | €2,719 | €2,719 | €5,015 | €7,400 | €2,500 | ▼ 66.2% |
| Suppliers440/4 | - | €2,719 | €5,015 | €7,400 | €2,500 | ▼ 66.2% |
| Taxes, remuneration and social security45 | - | - | - | €7,004 | €3,620 | ▼ 48.3% |
| Taxes450/3 | - | - | - | €7,004 | €3,620 | ▼ 48.3% |
| Other amounts payable47/48 | - | €80,460 | €80,460 | €58,260 | €65,108 | ▲ 11.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,999 | €5,725 | €3,925 | -€664 | €14,449 | ▲ 2,276% |
| + Depreciation and write-downs630 | €16,556 | €17,247 | €18,622 | €18,622 | €17,666 | ▼ 5.1% |
| Operating cash flow (approximation) | €18,556 | €22,972 | €22,547 | €17,958 | €32,115 | ▲ 78.8% |
| Investment in fixed assets (approximation) | - | -€20,661 | €0 | €0 | €0 | - |
| Change in cash | - | €1,892 | -€1,205 | -€717 | €2,918 | ▲ 507% |
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
15-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 76 days late
2024
31-12
Financial
Back to profitnet €14,449
Net result €14,449 after one loss-making year.
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 88 days late
2023
31-12
Financial
Weakest financial yearnet -€664
Net result drops to -€664, the lowest in the series; recovery starts the following year.
11-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 72 days late
2022
23-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 145 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 455 days late
2019
31-12
Financial
Back to profitnet €21,282
Net result €21,282 after one loss-making year.
23-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 54 days late
2018
23-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 23 days late
2017
04-10
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 65 days late
2016
12-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 134 days late
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.
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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, Vorst
Ground area
220 m²
Building footprint
110 m²
Volume, LiDAR
1,443 m³
Parcel 21383B0035/00G011, Brussels · tallest building 15.9 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0035/00G011 | Brussels | 219 m² | 1 · 110 m² | 15.9 m · 5 fl. |
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.
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 39,998 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 (pre-2019)
Founded16-07-2008
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Not found in the Peppol register
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.