CDNW
InactiveCDNW was declared bankrupt on 06-04-2023 (Ondernemingsrechtbank Gent, afdeling Kortrijk); the bankruptcy was closed by liquidation by judgment of 24-09-2024, published in the Belgian State Gazette on 30-09-2024.
Summary
Inactive; last annual accounts for fiscal year 2021.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-09-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 8 filingsPosition against the passed deadline
30-09-2022 close30-04-2023 deadline26-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2021 was due by 30-04-2022 and was filed on 15-03-2022, 46 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
not filed
2022
not filed
2021
46 d early
2020
39 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 3 accounts on average 39 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (1)
History
Financials · fiscal year 2021, micro schema
Equity
-€10,136
2020 · €7,133
Total assets
€204▼ 99.5%
2020 · €42,259
Net result
-€17,269▼ 125%
2020 · -€7,690
Working capital
-€10,136
2020 · €3,812
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
Line2018201920202021
Operating result€2,774-€5,532▲ 99.4%-€3,995-€20,992▼ 425%
Net result-€1,147-€172-€7,690-€17,269▼ 125%
Equity€14,652-€14,823▲ 1.2%€7,133▼ 51.9%-€10,136
Total assets€55,199-€61,083▲ 10.7%€42,259▼ 30.8%€204▼ 99.5%
Debt€40,548-€46,260▲ 14.1%€35,126▼ 24.1%€10,340▼ 70.6%
Working capital-€5,674-€5,745€3,812▼ 33.6%-€10,136
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €20,992 in 2021 against €3,995 in 2020; the loss grows and 2021 has the lowest result in the available series.
Key figures and ratios
Debt ≤ 1 year
€10,340▼
2020 · €24,381
Ratios withheld: a balance sheet total of €204 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,092 | €13,075 | €13,075 | - | - |
| Gross operating margin9900 | €16,727 | €22,558 | €11,316 | -€3,100 | ▼ 127% |
| Operating profit (loss)9901 | €2,774 | €5,532 | -€3,995 | -€20,992 | ▼ 425% |
| Recurring financial income75 | €582 | €34 | €0 | €0 | ▲ 25.0% |
| Recurring financial charges65 | €2,578 | €3,854 | €3,401 | €2,251 | ▼ 33.8% |
| Profit (loss) for the period before taxes9903 | €778 | €1,712 | -€7,506 | -€17,269 | ▼ 130% |
| Income taxes67/77 | €1,925 | €1,540 | €184 | - | - |
| Profit (loss) for the period9904 | -€1,147 | €172 | -€7,690 | -€17,269 | ▼ 125% |
| Profit (loss) for the period to be appropriated9905 | -€1,147 | €172 | -€7,690 | -€17,269 | ▼ 125% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €55,199 | €61,083 | €42,259 | €204 | ▼ 99.5% |
| Fixed assets21/28 | €34,431 | €27,141 | €14,066 | - | - |
| Tangible fixed assets22/27 | €34,431 | €26,951 | €13,876 | - | - |
| Financial fixed assets28 | - | €190 | €190 | - | - |
| Current assets29/58 | €20,768 | €33,942 | €28,193 | €204 | ▼ 99.3% |
| Stocks and contracts in progress3 | €3,299 | €6,016 | €5,536 | - | - |
| Amounts receivable within one year40/41 | €11,947 | €25,333 | €22,177 | €172 | ▼ 99.2% |
| Cash at bank and in hand54/58 | €5,326 | €1,499 | - | €29 | - |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €55,199 | €61,083 | €42,259 | €204 | ▼ 99.5% |
| Equity10/15 | €14,652 | €14,823 | €7,133 | -€10,136 | ▼ 242% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | - | - |
| Profit (loss) carried forward14 | -€3,948 | -€3,777 | -€11,467 | -€28,736 | ▼ 151% |
| Amounts payable17/49 | €40,548 | €46,260 | €35,126 | €10,340 | ▼ 70.6% |
| Amounts payable after more than one year17 | €14,106 | €18,063 | €10,745 | - | - |
| Amounts payable within one year42/48 | €26,442 | €28,197 | €24,381 | €10,340 | ▼ 57.6% |
| Trade debts44 | €17,170 | €6,606 | €826 | €13 | ▼ 98.4% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,147 | €172 | -€7,690 | -€17,269 | ▼ 125% |
| + Depreciation and write-downs630 | €12,092 | €13,075 | €13,075 | - | - |
| Operating cash flow (approximation) | €10,945 | €13,246 | €5,385 | -€17,269 | ▼ 421% |
| Investment in fixed assets (approximation) | - | -€5,785 | €0 | - | - |
| Change in cash | - | -€3,827 | - | - | - |
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
2024
30-09
Bankruptcy
Bankruptcy closure (by liquidation)
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 24-09-2024
2023
13-04
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Kortrijk · event 06-04-2023
2022
15-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Weakest financial yearnet -€17,269
Net result drops to -€17,269, the lowest in the series.
22-03
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-09
Financial
Back to profitnet €172
Net result €172 after one loss-making year.
22-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
07-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
07-07
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
27-06
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
SignalFinancial 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | NATHALIE BEERNAERT DAMMESTRAAT-WEST 6,
8800 ROESELARE |
06-04-2023 → 24-09-2024 |