Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
Lower net result than 91% of companies in food and beverage service. Sector median €4,886 · 17,134 companies.
The dashed line is the sector median: 1.8% across 23,788 companies (NACE 56, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 56, micro). It does better than 9% of them on solvency, 21% on liquidity and 8% on profitability.
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 elevated class on 30-06-2025, 6.3% 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).
In July 2024, 7,639 companies had the same profile as CDNT has now. Each dot stands for 20 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CDNT itself: 4.1% within 12 months.
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 7,639 companies, not a prediction for CDNT. 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.
Liquidity is insufficient, with a current ratio of 0.14, below 1. Short-term debt is 192.4% and cash 20.7% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| CDNT Keerbergen | €28,062 | -€4,992 | -92.4% | - |
| GOLD MOON Dilbeek | €28,273 | -€12,116 | -26.2% | - |
| ARCUS INVEST Leuven | €25,332 | -€9,443 | -43.0% | - |
| VBDN Beveren-Kruibeke-Zwijndrecht | €27,217 | -€6,076 | 75.8% | - |
| RAPIDO SNACK Sambreville | €27,009 | -€281 | 58.6% | - |
| EMCD Binche | €28,209 | -€5,163 | -15.0% | - |
| FAM MARKET Enghien | €29,978 | -€44,246 | -181.2% | - |
These companies have the same main activity as CDNT: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €25,300 and €30,000, founded in 2024.
The computed 12-month bankruptcy probability of CDNT is 4.1% (elevated). The 2025 annual accounts show negative equity (-€25,935) and a net result of -€28,935.
Its solvency ranks better than 10% of 17,158 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them.
Higher than 10% of 17,158 companies in 2025.
Higher than 6% of 16,582 companies in 2025.
Lower than 95% of 16,665 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 2 people joined and 1 left.
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
28,062 | |
21/28 |
20,525 | |
22/27 |
20,525 | |
23 |
18,552 | |
24 |
848 | |
26 |
1,125 | |
29/58 |
7,537 | |
40/41 |
1,586 | |
41 |
1,586 | |
54/58 |
5,806 | |
490/1 |
145 | |
| Balance sheet: equity and liabilities | ||
10/49 |
28,062 | |
10/15 |
-25,935 | |
10/11 |
3,000 | |
14 |
-28,935 | |
17/49 |
53,997 | |
42/48 |
53,997 | |
44 |
8,683 | |
440/4 |
8,683 | |
45 |
6,694 | |
450/3 |
2,011 | |
454/9 |
4,683 | |
47/48 |
38,620 | |
| Income statement | ||
9900 |
-4,992 | |
62 |
13,209 | |
630 |
6,420 | |
640/8 |
937 | |
9901 |
-25,558 | |
75/76B |
32 | |
75 |
32 | |
65/66B |
3,409 | |
65 |
3,409 | |
9903 |
-28,935 | |
9904 |
-28,935 | |
9905 |
-28,935 | |
| Appropriation of the result | ||
9906 |
-28,935 | |
| Social balance sheet | ||
9087 |
0.3 | |
Hours worked1013 |
500 | |
| Document | ||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00234917 |
| Line | Trend | 2025 |
|---|---|---|
| -19,138 | ||
| -22,515 | ||
| 26,945 | ||
| -46,460 | ||
| -92.4% | ||
| 0.14 | ||
| -103.1% | ||
| -5.61 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 1 |
| full-time | 1 |
| part-time | 0 |
| in full-time equivalents | 1 |
| 0.3 | |
| On a permanent contract | 1 |
| Joined | 2 |
| Left | 1 |
Source: social balance sheet in the 2025 annual accounts
| Item | 2025 |
|---|---|
| Tangible fixed assets | €26,945 |
| €6,420 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Equity is negative. Debt (€53,997) exceeds the balance-sheet total (€28,062).
CDNT has no parent and no holdings in its annual accounts. TZIKIS Christopher is the only director. CDNT shares no director with another company.
| AD-VERHOEVEN
establishment since 01-01-2022 · founded in 2008 · accounts filed late |
total assets €453,724 (2023) 0895.885.961 |
| VLJA
registered office since 22-04-2026 |
founded in 2026 1037.166.362 |
| VME te Keerbergen, Haachtsebaan 50A en 50B
registered office since 16-05-2003 |
founded in 2003 0826.181.167 |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| The Grill registered office Haachtsebaan 50, 3140 Keerbergen | 24-06-2024 | 2.361.183.896 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 24048B0117/00E003 | 512 m² | 1 · 273 m² | 10.8 m · 3 |
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