CDS-1
ActiveSummary
The computed 12-month bankruptcy probability of CDS-1 is 2.5% (moderate). The 2025 annual accounts show equity of €1.8m and a net result of -€28,916. Equity is shrinking by ~2.8% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 6 accounts on average 23 days after 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 (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 928 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 93% are still going.
- Small
- 5 to 10 years old
- solvency 30% or more
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 928 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,605 | €6,605 | €6,606 | €6,606 | €6,606 | = |
| Other operating charges640/8 | €31,148 | €9,728 | €27,325 | €11,402 | €9,774 | ▼ 14.3% |
| Gross operating margin9900 | -€22,564 | -€34,330 | -€28,144 | -€31,070 | -€9,393 | ▲ 69.8% |
| Operating profit (loss)9901 | -€60,318 | -€50,664 | -€62,075 | -€49,078 | -€25,773 | ▲ 47.5% |
| Financial income75/76B | €437 | €1,256 | €453 | €0 | - | - |
| Recurring financial income75 | €437 | €1,256 | €453 | €0 | - | - |
| Financial charges65/66B | €55 | €938 | €639 | €358 | €3,143 | ▲ 778% |
| Recurring financial charges65 | €55 | €938 | €639 | €358 | €3,143 | ▲ 778% |
| Profit (loss) for the period before taxes9903 | -€59,936 | -€50,346 | -€62,262 | -€49,436 | -€28,916 | ▲ 41.5% |
| Profit (loss) for the period9904 | -€59,936 | -€50,346 | -€62,262 | -€49,436 | -€28,916 | ▲ 41.5% |
| Profit (loss) for the period to be appropriated9905 | -€59,936 | -€50,346 | -€62,262 | -€49,436 | -€28,916 | ▲ 41.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.1m | €2.1m | €2.2m | €2.3m | €2.3m | ▼ 0.3% |
| Fixed assets21/28 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | ▼ 0.3% |
| Tangible fixed assets22/27 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | ▼ 0.3% |
| Land and buildings22 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | ▼ 0.3% |
| Financial fixed assets28 | €300 | €300 | €300 | €300 | €300 | = |
| Current assets29/58 | €41,684 | €32,638 | €170,636 | €198,636 | €198,567 | = |
| Stocks and contracts in progress3 | - | - | €120,497 | €176,246 | €176,246 | = |
| Stocks30/36 | - | - | €120,497 | €176,246 | €176,246 | = |
| Amounts receivable within one year40/41 | €27,188 | €23,503 | €48,642 | €21,982 | €21,982 | = |
| Trade receivables40 | €15,029 | €0 | - | - | - | - |
| Other amounts receivable41 | €12,159 | €23,503 | €48,642 | €21,982 | €21,982 | = |
| Cash at bank and in hand54/58 | €13,368 | €7,911 | €272 | €408 | €339 | ▼ 16.9% |
| Deferred charges and accrued income490/1 | €1,128 | €1,225 | €1,225 | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.1m | €2.1m | €2.2m | €2.3m | €2.3m | ▼ 0.3% |
| Equity10/15 | €2.0m | €1.9m | €1.9m | €1.8m | €1.8m | ▼ 1.6% |
| Contributions10/11 | €2.1m | €2.1m | €2.1m | €2.1m | €2.1m | = |
| Profit (loss) carried forward14 | -€121,281 | -€171,627 | -€233,889 | -€283,325 | -€312,241 | ▼ 10.2% |
| Amounts payable17/49 | €151,732 | €186,428 | €380,080 | €450,911 | €473,152 | ▲ 4.9% |
| Amounts payable within one year42/48 | €151,732 | €186,428 | €380,080 | €450,911 | €473,152 | ▲ 4.9% |
| Trade debts44 | €44,886 | €45,993 | €75,756 | €30,541 | €27,209 | ▼ 10.9% |
| Suppliers440/4 | €44,886 | €45,993 | €75,756 | €30,541 | €27,209 | ▼ 10.9% |
| Other amounts payable47/48 | €106,847 | €140,434 | €304,324 | €420,369 | €445,943 | ▲ 6.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€59,936 | -€50,346 | -€62,262 | -€49,436 | -€28,916 | ▲ 41.5% |
| + Depreciation and write-downs630 | €6,605 | €6,605 | €6,606 | €6,606 | €6,606 | = |
| Operating cash flow (approximation) | -€53,330 | -€43,741 | -€55,656 | -€42,830 | -€22,310 | ▲ 47.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€5,457 | -€7,639 | €136 | -€69 | ▼ 151% |
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
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54006N0215/00G002 | Wallonia | 4,973 m² | 1 · 571 m² | - |
Linked by address, not proof of ownership
Identification & contact
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.