CDM
ActiveSummary
CDM has been active since 1951 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €35,082. Equity is shrinking by ~18.1% per year across the filed fiscal years. Its solvency ranks better than 95% of 646 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability55▼-2
Solvency100=
Growth22=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160,000 at 30 days acceptable
Liquidity ample (current ratio 17.62 against 11.69 in 2024; short-term debt: 5.5% and cash: 9.4% of total assets), and 5.5% 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 · 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Manufacture of food products (NACE 10)
about 60% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
94.5%
Return on assets
1.1%
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
35 d early
2023
on the day
2022
28 d late
2021
on the day
2020
2 d early
2019
30 d early
← 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 8 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% 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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 oldest company in Temse, Manufacturing sector
Turnover
€1.6m▼ 37.5%
2024 · €2.6m
EBIT margin
1.0%▼ 0.8pp
2024 · 1.8%
Net result
€35,082▼ 29.9%
2024 · €50,069
Working capital
€2.8m▲ 1.4%
2024 · €2.8m
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
Line20212022202320242025
Turnover€9.1m€1.5m▼ 84.0%€1.1m▼ 27.7%€2.6m▲ 145%€1.6m▼ 37.5%
Operating result€842,829▲ 2.7%-€3,373-€294,897▼ 8,642%€46,379€16,411▼ 64.6%
Net result€649,090▲ 7.3%€11,049▼ 98.3%-€295,912€50,069€35,082▼ 29.9%
EBIT margin9.2%-0.2%▼ 9.5pp-27.9%▼ 27.7pp1.8%▲ 29.7pp1.0%▼ 0.8pp
Equity€9.1m▲ 7.7%€3.1m▼ 65.6%€2.8m▼ 9.4%€2.9m▲ 1.8%€2.9m▲ 1.2%
Total assets€10.4m▲ 6.5%€3.3m▼ 68.2%€3.2m▼ 3.8%€3.2m▼ 1.2%€3.1m▼ 1.8%
Debt€1.2m▼ 0.7%€178,338▼ 85.3%€347,054▲ 94.6%€259,709▼ 25.2%€169,330▼ 34.8%
Working capital€9.1m▲ 7.9%€3.0m▼ 66.9%€2.7m▼ 9.8%€2.8m▲ 2.4%€2.8m▲ 1.4%
Staff (FTE)1.7▼ 5.6%0.3▼ 82.4%0▼ 100%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 65% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.1m
Fixed assets
€115,278 ▼ 3.6%
Current assets
€3.0m ▼ 1.7%
Equity and liabilities €3.1m
Equity
€2.9m ▲ 1.2%
Debt
€169,330 ▼ 34.8%
Debt's share of the balance-sheet total falls from 8.2% to 5.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€20,675▼
2024 · €62,218
Cash flow
€39,346▼
2024 · €65,908
Current ratio
17.62▲
2024 · 11.69
Quick ratio
17.43▲
2024 · 11.64
Debt to equity
0.06▼
2024 · 0.09
ROE
1.2%▼
2024 · 1.7%
ROA
1.1%▼
2024 · 1.6%
Interest coverage
159.15▲
2024 · 54.47
Debt ≤ 1 year
€169,330▼
2024 · €259,709
Income taxes
€0▼
2024 · €1,441
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €1.5m | €1.1m | €2.6m | €1.6m | ▼ 37.6% |
| Turnover70 | €9.1m | €1.5m | €1.1m | €2.6m | €1.6m | ▼ 37.5% |
| Other operating income74 | - | €74,878 | €8,878 | €22,230 | €8,878 | ▼ 60.1% |
| Non-recurring operating income76A | - | €0 | - | - | - | - |
| Operating charges60/66A | - | €1.5m | €1.4m | €2.6m | €1.6m | ▼ 37.2% |
| Goods for resale, raw materials and consumables60 | - | €1.3m | €1.1m | €2.5m | €1.6m | ▼ 36.9% |
| Purchases600/8 | - | €1.3m | €1.1m | €2.4m | €1.6m | ▼ 35.7% |
| Change in stocks: decrease (increase)609 | - | -€33,336 | €20,520 | €10,944 | -€21,232 | ▼ 294% |
| Services and other goods61 | - | €286,746 | €253,287 | €63,574 | €40,054 | ▼ 37.0% |
| Remuneration, social security and pensions62 | - | €21,237 | €140 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,304 | €15,632 | €15,453 | €15,839 | €4,264 | ▼ 73.1% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€100,000 | €0 | - | - | - |
| Other operating charges640/8 | - | €13,172 | €13,990 | €27,319 | €16,059 | ▼ 41.2% |
| Operating profit (loss)9901 | €842,829 | -€3,373 | -€294,897 | €46,379 | €16,411 | ▼ 64.6% |
| Financial income75/76B | - | €44,997 | €3,436 | €6,975 | €65,566 | ▲ 840% |
| Recurring financial income75 | €81,957 | €44,997 | €3,436 | €6,975 | €65,566 | ▲ 840% |
| Income from current assets751 | - | €44,997 | €3,436 | €4,820 | €63,123 | ▲ 1,210% |
| Other financial income752/9 | - | - | - | €2,155 | €2,443 | ▲ 13.4% |
| Financial charges65/66B | - | €25,842 | €4,452 | €1,844 | €46,895 | ▲ 2,443% |
| Recurring financial charges65 | €29,278 | €25,842 | €4,452 | €1,844 | €46,895 | ▲ 2,443% |
| Debt charges650 | €25,916 | €22,068 | €1,086 | €1,142 | €130 | ▼ 88.6% |
| Other financial charges652/9 | - | €3,773 | €3,366 | €702 | €46,766 | ▲ 6,565% |
| Non-recurring financial charges66B | - | €0 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €875,507 | €15,782 | -€295,912 | €51,510 | €35,082 | ▼ 31.9% |
| Income taxes67/77 | €226,417 | €4,733 | €0 | €1,441 | €0 | ▼ 100% |
| Taxes670/3 | - | €4,733 | €0 | €1,441 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €649,090 | €11,049 | -€295,912 | €50,069 | €35,082 | ▼ 29.9% |
| Profit (loss) for the period to be appropriated9905 | €649,090 | €11,049 | -€295,912 | €50,069 | €35,082 | ▼ 29.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €10.4m | €3.3m | €3.2m | €3.2m | €3.1m | ▼ 1.8% |
| Fixed assets21/28 | €157,239 | €150,833 | €135,380 | €119,541 | €115,278 | ▼ 3.6% |
| Tangible fixed assets22/27 | €157,239 | €150,833 | €135,380 | €119,541 | €115,278 | ▼ 3.6% |
| Land and buildings22 | - | €120,535 | €116,346 | €111,167 | €108,609 | ▼ 2.3% |
| Plant, machinery and equipment23 | - | €28,152 | €18,605 | €8,374 | €6,669 | ▼ 20.4% |
| Furniture and vehicles24 | - | €2,147 | €429 | €0 | - | - |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €10.3m | €3.2m | €3.1m | €3.0m | €3.0m | ▼ 1.7% |
| Amounts receivable after more than one year29 | - | €56,683 | €0 | - | - | - |
| Other amounts receivable291 | - | €56,683 | €0 | - | - | - |
| Stocks and contracts in progress3 | €9,072 | €42,408 | €21,888 | €10,944 | €32,176 | ▲ 194% |
| Stocks30/36 | - | €42,408 | €21,888 | €10,944 | €32,176 | ▲ 194% |
| Goods purchased for resale34 | - | €42,408 | €21,888 | €10,944 | €32,176 | ▲ 194% |
| Amounts receivable within one year40/41 | €4.8m | €1.7m | €2.6m | €2.8m | €2.7m | ▼ 3.5% |
| Trade receivables40 | - | €180,821 | €82,562 | €180,205 | €94,855 | ▼ 47.4% |
| Other amounts receivable41 | - | €1.5m | €2.5m | €2.6m | €2.6m | ▼ 0.4% |
| Cash at bank and in hand54/58 | €2.4m | €1.4m | €441,991 | €263,890 | €289,838 | ▲ 9.8% |
| Deferred charges and accrued income490/1 | - | €0 | €1,929 | €4,351 | €1,684 | ▼ 61.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €10.4m | €3.3m | €3.2m | €3.2m | €3.1m | ▼ 1.8% |
| Equity10/15 | €9.1m | €3.1m | €2.8m | €2.9m | €2.9m | ▲ 1.2% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Capital10 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Reserves13 | €9.1m | €3.1m | €3.1m | €3.1m | €3.1m | = |
| Non-distributable reserves130/1 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | - | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | - | €3.1m | €3.1m | €3.1m | €3.1m | = |
| Profit (loss) carried forward14 | - | €11,049 | -€284,863 | -€234,794 | -€199,712 | ▲ 14.9% |
| Provisions and deferred taxes16 | €100,000 | €0 | - | - | - | - |
| Provisions for liabilities and charges160/5 | - | €0 | - | - | - | - |
| Other liabilities and charges164/5 | - | €0 | - | - | - | - |
| Amounts payable17/49 | €1.2m | €178,338 | €347,054 | €259,709 | €169,330 | ▼ 34.8% |
| Amounts payable within one year42/48 | €1.2m | €164,704 | €347,054 | €259,709 | €169,330 | ▼ 34.8% |
| Trade debts44 | €458,896 | €8,782 | €194,184 | €241,045 | €153,412 | ▼ 36.4% |
| Suppliers440/4 | - | €8,782 | €194,184 | €241,045 | €153,412 | ▼ 36.4% |
| Taxes, remuneration and social security45 | - | €27,229 | €23,354 | €2,746 | €0 | ▼ 100% |
| Taxes450/3 | - | €10,075 | €12,811 | €2,746 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | €17,154 | €10,543 | €0 | - | - |
| Other amounts payable47/48 | - | €128,693 | €129,516 | €15,918 | €15,918 | = |
| Accrued charges and deferred income492/3 | - | €13,634 | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €649,090 | €11,049 | -€295,912 | €50,069 | €35,082 | ▼ 29.9% |
| + Depreciation and write-downs630 | €15,304 | €15,632 | €15,453 | €15,839 | €4,264 | ▼ 73.1% |
| Operating cash flow (approximation) | €664,394 | €26,682 | -€280,459 | €65,908 | €39,346 | ▼ 40.3% |
| Investment in fixed assets (approximation) | - | -€9,226 | €0 | €0 | €0 | - |
| Change in cash | - | -€976,607 | -€974,485 | -€178,102 | €25,949 | ▲ 115% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €50,069
Net result €50,069 after one loss-making year.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-04
Financial
Weakest financial yearnet -€295,912
Net result drops to -€295,912, the lowest in the series; recovery starts the following year.
2022
28-12
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 28 days late
30-04
Financial
Liquidity doublescurrent ratio 19.23
Current ratio from 8.55 to 19.23; short-term debt falls from €1.2m to €164,704.
2021
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2020
28-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Temse · 1 establishment unit since 1951
Ground area
4,788 m²
Building footprint
5 m²
Volume, LiDAR
39 m³
Parcel 46025A0852/00_000, Flanders · tallest building 10.2 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Haagdam 2A / +2A, 9140 Temse
since 19512.003.846.784
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46025A0852/00_000 | Flanders | 4,788 m² | 1 · 5 m² | 10.2 m · 3 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteTemse2.003.846.784
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Of 599 companies in sector 10111 we hold annual accounts for 329. 131 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded21-12-1951
Fiscal year end31-12
Activities, NACEBEL 2025
10111Manufacture of food products
46349Wholesale of beverages, general range
Scores and ratios are computed by Checked and are not a credit decision.