Summary
CDM FINANCE SA is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €35.75M and a net result of €9.19M. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 89% of 2394 sector peers (fiscal year 2025). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 27-07-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2024
8 d early
2023
21 d early
2022
38 d early
2021
24 d early
2020
25 d early
2019
122 d late
← 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Equity
€35.75M▲ 34.6%
2024 · €26.56M
2018: €22.58M
2019: €22.55M
2020: €22.52M
2021: €22.48M
2022: €24.94M
2023: €25.45M
2024: €26.56M
2018 → 2025
Net result
€9.19M▲ 727%
2024 · €1.11M
2018: €-64k
2019: €-31k
2020: €-30k
2021: €-38k
2022: €2.46M
2023: €505k
2024: €1.11M
2018 → 2025
Total assets
€36.61M▲ 35.5%
2024 · €27.01M
2018: €22.92M
2019: €22.89M
2020: €22.86M
2021: €22.82M
2022: €25.28M
2023: €25.82M
2024: €27.01M
2018 → 2025
Solvency
97.7%▼ 0.7pp
2024 · 98.3%
2018: 98.5%
2019: 98.5%
2020: 98.5%
2021: 98.5%
2022: 98.7%
2023: 98.6%
2024: 98.3%
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€22.48M-€24.94M▲ 10.9%€25.45M▲ 2.0%€26.56M▲ 4.4%€35.75M▲ 34.6%
Operating result€-41k-€-32k▲ 23.4%€-103k▼ 223%€-41k▲ 60.0%€-86k▼ 110%
Net result€-38k-€2.46M€505k▼ 79.5%€1.11M▲ 120%€9.19M▲ 727%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €86k in 2025 against €41k in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €36.61M
Fixed assets
€22.62M ▲ 0.1%
Current assets
€13.99M ▲ 217%
Equity and liabilities €36.61M
Equity
€35.75M ▲ 34.6%
Debt
€857k ▲ 90.0%
Debt's share of the balance-sheet total rises from 1.7% to 2.3%. Equity and debt are higher.
Key figures and ratios
ROE
25.7%▲
2024 · 4.2%
ROA
25.1%▲
2024 · 4.1%
Debt ≤ 1 year
€857k▲
2024 · €447k
Income taxes
€900k▲
2024 · €111k
Staff costs
€27k
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 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€27.01M€36.61M▲
Fixed assets21/28€22.60M€22.62M▲
Tangible fixed assets22/27€3k€3k▼
Furniture and vehicles24€3k€3k▼
Financial fixed assets28€22.59M€22.62M▲
Current assets29/58€4.42M€13.99M▲
Amounts receivable within one year40/41€19k€17▼
Trade receivables40€70€0▼
Other amounts receivable41€19k€17▼
Current investments50/53€4.32M€13.93M▲
Cash at bank and in hand54/58€72k€52k▼
Deferred charges and accrued income490/1€2k€6k▲
Equity and liabilities
Total equity and liabilities10/49€27.01M€36.61M▲
Equity10/15€26.56M€35.75M▲
Contributions10/11€22.66M€22.66M=
Capital10€22.66M€22.66M=
Issued capital100€22.66M€22.66M=
Reserves13€1.79M€11.29M▲
Non-distributable reserves130/1€198k€700k▲
Legal reserve130€198k€700k▲
Distributable reserves133€1.59M€10.59M▲
Profit (loss) carried forward14€2.12M€1.81M▼
Amounts payable17/49€451k€857k▲
Amounts payable within one year42/48€447k€857k▲
Trade debts44€5k€9k▲
Suppliers440/4€5k€9k▲
Taxes, remuneration and social security45€111k€848k▲
Taxes450/3€111k€845k▲
Remuneration and social security454/9-€3k
Other amounts payable47/48€331k€0▼
Accrued charges and deferred income492/3€4k€0▼
Income statement
Code20242025
Remuneration, social security and pensions62-€27k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲
Other operating charges640/8€3k€7k▲
Gross operating margin9900€-36k€-50k▼
Operating profit (loss)9901€-41k€-86k▼
Financial income75/76B€1.28M€10.19M▲
Recurring financial income75€1.28M€5.19M▲
Non-recurring financial income76B-€5.00M
Financial charges65/66B€17k€7k▼
Recurring financial charges65€17k€7k▼
Profit (loss) for the period before taxes9903€1.22M€10.09M▲
Income taxes67/77€111k€900k▲
Profit (loss) for the period9904€1.11M€9.19M▲
Profit (loss) for the period to be appropriated9905€1.11M€9.19M▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.28M€11.31M▲
Profit (loss) brought forward from the previous period14P€2.17M€2.12M▼
Transfer to equity691/2€1.17M€9.50M▲
To the legal reserve6920€56k€502k▲
To other reserves6921€1.11M€9.00M▲
Social balance
Average headcount (FTE)9087-0.6
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Highest result since 2018net €9.19M ▲727%
Net result €9.19M, the highest in the series.
24-12
State Gazette act
General meeting · Statutes amendment
Capital increase · Capital
24-12
State Gazette act
General meeting · Share issue
Statutes amendment · Permanent representative
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €25MEq €25.45M ▲2%
2 profitable years in a row build equity to €25.45M.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €2.46M
Net result €2.46M after 4 loss-making years.
31-12
Financial
Liquidity times 11current ratio 8.06
Current ratio from 0.72 to 8.06.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 122 days late
2019
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 58 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Elsene · 2 establishment units since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 5361050 ElseneGround area
9,394 m²
Building footprint
913 m²
Volume, LiDAR
16,012 m³
2 parcels, Brussels, Wallonia · tallest building 40.6 m, ±12 floors. Linked by address, not a title deed.
2 establishment units
Louizalaan 536, 1050 Elsene
since 20132.375.011.247
CDM Finance S.A.
since 20262.392.694.248
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25083D0018/00T003 | Wallonia | 8,743 m² | 1 · 332 m² | 8.8 m · 2 fl. |
| 21822R0229/00K003 | Brussels | 651 m² | 1 · 580 m² | 40.6 m · 12 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
894500UL23ZA167VJL30
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Of 153 companies in sector 64310 we hold annual accounts for 73. 26 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded24-12-2013
Fiscal year end31-12
Activities, NACEBEL 2025
64310Financial service activities, except insurance and pension funding
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.