Equity
€2.9m from €9.1m in 2021
Equity fell by 68% in 4 years.
CDM
Lifetime
19 annual accounts with figures on one time axis, 47 filings since 1977peak €9.4m (2007)
€1.6m▼ 37.5%
lowest -€295,912 (2023)
€35,082▼ 29.9%
peak €9.1m (2021)
€2.9m▲ 1.2%
€169,330▼ 34.8%
peak 1.8 FTE (2020)
-not published
Board3 names since 2022
2 directorsFrank HEMELAER and 1 other
Owners2 names in the annual accounts
50%JUFRA and 1 other
Documentsfilings and deeds
14-07-202617 days before the deadline
2025financial year
Turnover from €2.6m to €1.6mResult from €50,069 to €35,082Debts from €259,709 to €169,330
Key points
from the 2025 annual accountsTurnover
€1.6m ▼ 37.5%
Turnover fell in 2025 from €2.6m to €1.6m.
Position in the sector
94.5%
Higher solvency than 95% of companies in food products. Sector median 39.6% · 792 companies.
Checked score
95
Excellent
Financially stronger than 56% of small companies in food products (NACE 10)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.5% across 632 companies (NACE 10, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.3%▲ +0.1 percentage points vs 12-2024
02-2025: 0.4%▲ +0.1 percentage points vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 1.0%▲ +0.5 percentage points vs 04-2025highest value
06-2025: 1.0%● unchanged vs 05-2025highest value
07-2025: 0.1%▼ -0.9 percentage points vs 06-2025
08-2025: 0.1%● unchanged vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Sector: Manufacture of food products (NACE 10)
lowers risk
Founded in 1951
Size: turnover €1.6m, total assets €3.1m
Equity €2.9m (94.5% of total assets)
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 10, small). It does better than 95% of them on solvency, 81% on liquidity, 27% on profitability and 21% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 14,766 companies had the same profile as CDM has now. Each dot stands for 37 companies, two years later.
96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CDM itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 14,766 companies, not a prediction for CDM. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €160,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 17.62 (11.69 in 2024), above the usual 1.5. Short-term debt is 5.5% and cash 9.4% of total assets. 5.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 days early
2024
35 days early
2023
on the day
2022
28 days late
2021
on the day
2020
2 days early
2019
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 8 days before the deadline. In the sector (NACE 10), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- FRELOTTE 50%score 95equity €13.4m (2025) · 2025 annual accounts of FRELOTTE
- JUFRA 50%score 86equity €22.5m (2025) · 2025 annual accounts of JUFRA
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0400723727
Amendment of the articles
General meeting of 22-12-2023 · Gazette deed
2 directors appointed, 1 resignation, 1 reappointment
Resignation: Hans Hemelaer (managing director) · Appointments: FRELOTTE BV (director) and Frank HEMELAER (managing director) · Permanent representative: Hans Hemelaer · General meeting of 15-09-2022 · Gazette deed
Registered office moved from Opwijk to Temse
New registered office: Haagdam 2A en +2A, 9140 Temse · Previous registered office: KLEl 172, 1745 OPWIJK · Board meeting of 07-10-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CDM Temse | €1.6m | 1.0% | 94.5% | - |
| HERRIJGERS Temse | €5.2m | 9.7% | 56.9% | 19 |
| E.E.G. SLACHTHUIS VERBIST IZEGEM Izegem | €2.0m | 37.5% | -85.2% | 5.3 |
| SLACHTHUIS SWAEGERS Hoogstraten | €4.3m | -0.4% | 24.0% | 4.8 |
| SLACHTHUIS GEEL Geel | €4.0m | 6.6% | 19.6% | 4.3 |
| Exportslachthuis Smekens Lede | - | - | 54.0% | 1.5 |
| VAN DER JEUGT Lokeren | - | - | 56.8% | 3.8 |
Grey: the largest companies of the sector (food products (NACE 10)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as CDM: manufacture of food products (NACE 10111). They are comparable in size and age: total assets between €1.4m and €10m, founded between 1948 and 1998.
Official details
Source: KBO- Status
- Active since 21-12-1951Normal situation
- Activity
- Manufacture of food productsNACE 10111and 1 other
- Establishment unit
- 2.003.846.7849140 Temse, since 01-12-1951
- Financial year end
- 31 December
- Peppol
- Reachable since 25-09-2025
Annual accounts 2025
- €3.1m▼ 1.8%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Insights on CDM
CDM has existed since 1951. In 2011 turnover rose from €8,236 to €6.9m.
In December 2022, the Official Gazette published the appointment of Frank HEMELAER as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CDM
- What is the company number of CDM?
- The company number of CDM is 0400.723.727. The VAT number is the same number with BE in front: BE 0400.723.727.
- Where is CDM based?
- The registered office is at Haagdam 2A, +2A, 9140 Temse.Company details
- What does CDM do?
- According to the KBO register, the main activity is manufacture of food products (NACE 10111).
- What is the legal form of CDM?
- CDM is a public limited company (NV).
- When was CDM founded?
- CDM was founded on 21-12-1951.
- Is CDM still active?
- Yes, CDM is an active enterprise in the KBO register.
- How many employees does CDM have?
- CDM had an average of 0.3 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of CDM?
- The turnover of CDM was €1.6m in financial year 2025, according to the filed annual accounts.
- Is CDM profitable?
- In financial year 2025, CDM made a profit of €35,082.
- Where can I find the annual accounts of CDM?
- CDM filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CDM due?
- CDM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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