CDS André
ActiveSummary
CDS André has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €535,460 and a net result of €130,844. Equity is growing by ~20.8% per year across the filed fiscal years. Its solvency ranks better than 87% of 1000 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability93▲+2
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
Liquidity ample (current ratio 2.39 against 2.25 in 2024; short-term debt: 15% and cash: 21.7% of total assets), and 20.8% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 42
Relative position
BE, all sectors
reference
Civil engineering (NACE 42)
about 27% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
79.2%
Return on assets
19.4%
Age of the figures
18 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
6 d early
2022
35 d late
2021
15 d late
2020
10 d late
2019
15 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 10 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 40% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close27-09-2026 today31-10-2026 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€535,460▲ 20.1%
2024 · €445,792
Total assets
€675,769▲ 23.4%
2024 · €547,633
Net result
€130,844▲ 36.7%
2024 · €95,746
Working capital
€141,101▲ 104%
2024 · €69,090
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
Line20212022202320242025
Operating result€14,199€98,254▲ 592%€87,344▼ 11.1%€134,681▲ 54.2%€170,299▲ 26.4%
Net result€10,324€78,497▲ 660%€66,939▼ 14.7%€95,746▲ 43.0%€130,844▲ 36.7%
Equity€214,022▲ 2.9%€292,519▲ 36.7%€359,458▲ 22.9%€445,792▲ 24.0%€535,460▲ 20.1%
Total assets€489,450▲ 2.6%€524,993▲ 7.3%€525,163=€547,633▲ 4.3%€675,769▲ 23.4%
Debt€275,428▲ 2.4%€232,474▼ 15.6%€165,705▼ 28.7%€101,840▼ 38.5%€140,310▲ 37.8%
Working capital€127,386▼ 8.6%€103,274▼ 18.9%€118,657▲ 14.9%€69,090▼ 41.8%€141,101▲ 104%
Staff (FTE)1.30▼ 100%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 26% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €675,769
Fixed assets
€433,222 ▲ 2.4%
Current assets
€242,547 ▲ 94.7%
Equity and liabilities €675,769
Equity
€535,460 ▲ 20.1%
Debt
€140,310 ▲ 37.8%
Debt's share of the balance-sheet total rises from 18.6% to 20.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€256,994▲
2024 · €199,407
Cash flow
€217,538▲
2024 · €160,472
Current ratio
2.39▲
2024 · 2.25
Debt to equity
0.26▲
2024 · 0.23
ROE
24.4%▲
2024 · 21.5%
ROA
19.4%▲
2024 · 17.5%
Interest coverage
90.41▲
2024 · 47.99
Debt ≤ 1 year
€101,446▲
2024 · €55,468
Debt > 1 year
€38,863▼
2024 · €46,373
Income taxes
€38,281▲
2024 · €34,780
Staff costs
€160,711▲
2024 · €149,066
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €142,276 | €143,941 | €149,066 | €160,711 | ▲ 7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,756 | €35,802 | €40,112 | €64,727 | €86,694 | ▲ 33.9% |
| Other operating charges640/8 | - | €3,882 | €3,907 | €15,537 | €5,370 | ▼ 65.4% |
| Gross operating margin9900 | €258,930 | €280,214 | €275,304 | €364,011 | €423,075 | ▲ 16.2% |
| Operating profit (loss)9901 | €14,199 | €98,254 | €87,344 | €134,681 | €170,299 | ▲ 26.4% |
| Financial income75/76B | - | €2,278 | €1,592 | €0 | €1,668 | - |
| Recurring financial income75 | €117 | €2,278 | €1,592 | €0 | €1,668 | - |
| Financial charges65/66B | - | €2,535 | €3,400 | €4,155 | €2,843 | ▼ 31.6% |
| Recurring financial charges65 | €3,921 | €2,535 | €3,400 | €4,155 | €2,843 | ▼ 31.6% |
| Profit (loss) for the period before taxes9903 | €10,395 | €97,997 | €85,536 | €130,526 | €169,125 | ▲ 29.6% |
| Income taxes67/77 | €71 | €19,500 | €18,597 | €34,780 | €38,281 | ▲ 10.1% |
| Profit (loss) for the period9904 | €10,324 | €78,497 | €66,939 | €95,746 | €130,844 | ▲ 36.7% |
| Profit (loss) for the period to be appropriated9905 | €10,324 | €78,497 | €66,939 | €95,746 | €130,844 | ▲ 36.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €489,450 | €524,993 | €525,163 | €547,633 | €675,769 | ▲ 23.4% |
| Fixed assets21/28 | €289,374 | €347,888 | €340,707 | €423,075 | €433,222 | ▲ 2.4% |
| Tangible fixed assets22/27 | €289,240 | €347,754 | €340,573 | €422,941 | €433,088 | ▲ 2.4% |
| Land and buildings22 | - | €249,935 | €260,663 | €244,246 | €227,829 | ▼ 6.7% |
| Plant, machinery and equipment23 | - | €77,261 | €69,161 | €85,804 | €64,962 | ▼ 24.3% |
| Furniture and vehicles24 | - | €20,559 | €10,749 | €92,891 | €140,298 | ▲ 51.0% |
| Financial fixed assets28 | €134 | €134 | €134 | €134 | €134 | = |
| Current assets29/58 | €200,076 | €177,105 | €184,456 | €124,558 | €242,547 | ▲ 94.7% |
| Stocks and contracts in progress3 | €20,900 | €0 | - | - | - | - |
| Stocks30/36 | - | €0 | - | - | - | - |
| Contracts in progress37 | - | €0 | - | - | - | - |
| Amounts receivable within one year40/41 | €70,294 | €130,268 | €37,489 | €36,559 | €94,730 | ▲ 159% |
| Trade receivables40 | - | €129,951 | €31,385 | €14,376 | €73,145 | ▲ 409% |
| Other amounts receivable41 | - | €318 | €6,104 | €22,183 | €21,586 | ▼ 2.7% |
| Cash at bank and in hand54/58 | €79,306 | €44,212 | €143,782 | €87,319 | €146,639 | ▲ 67.9% |
| Deferred charges and accrued income490/1 | - | €2,624 | €3,185 | €680 | €1,178 | ▲ 73.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €489,450 | €524,993 | €525,163 | €547,633 | €675,769 | ▲ 23.4% |
| Equity10/15 | €214,022 | €292,519 | €359,458 | €445,792 | €535,460 | ▲ 20.1% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €195,422 | €273,919 | €340,858 | €427,192 | €516,860 | ▲ 21.0% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €272,059 | €338,998 | €425,332 | €515,000 | ▲ 21.1% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €275,428 | €232,474 | €165,705 | €101,840 | €140,310 | ▲ 37.8% |
| Amounts payable after more than one year17 | €202,738 | €158,643 | €95,474 | €46,373 | €38,863 | ▼ 16.2% |
| Financial debts170/4 | - | €107,679 | €95,474 | €46,373 | €38,863 | ▼ 16.2% |
| Trade debts175 | - | €47,464 | €0 | - | - | - |
| Other amounts payable178/9 | - | €3,500 | €0 | - | - | - |
| Amounts payable within one year42/48 | €72,690 | €73,831 | €65,799 | €55,468 | €101,446 | ▲ 82.9% |
| Current portion of amounts payable after more than one year42 | - | €35,598 | €12,205 | €9,408 | €9,684 | ▲ 2.9% |
| Trade debts44 | €28,588 | €22,301 | €8,458 | €28,945 | €58,335 | ▲ 102% |
| Suppliers440/4 | - | €22,301 | €8,458 | €28,945 | €58,335 | ▲ 102% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €15,852 | €45,135 | €17,103 | €14,705 | ▼ 14.0% |
| Taxes450/3 | - | €930 | €30,686 | €7,691 | €1,000 | ▼ 87.0% |
| Remuneration and social security454/9 | - | €14,922 | €14,450 | €9,412 | €13,705 | ▲ 45.6% |
| Other amounts payable47/48 | - | €80 | €0 | €12 | €18,722 | ▲ 154,121% |
| Accrued charges and deferred income492/3 | - | - | €4,432 | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,324 | €78,497 | €66,939 | €95,746 | €130,844 | ▲ 36.7% |
| + Depreciation and write-downs630 | €29,756 | €35,802 | €40,112 | €64,727 | €86,694 | ▲ 33.9% |
| Operating cash flow (approximation) | €40,080 | €114,299 | €107,051 | €160,472 | €217,538 | ▲ 35.6% |
| Investment in fixed assets (approximation) | - | -€94,315 | -€32,931 | -€147,095 | -€96,842 | ▲ 34.2% |
| Change in cash | - | -€35,094 | €99,570 | -€56,463 | €59,320 | ▲ 205% |
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
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
31-03
Financial
Highest result since 2019net €130,844 ▲36.7%
Operating result €170,299, net result €130,844, both a record.
31-03
Financial
Equity above €500,000Eq €535,460 ▲20.1%
5 profitable years in a row build equity to €535,460.
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2022
05-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 35 days late
2021
15-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 15 days late
31-03
Financial
Back to profitnet €10,324
Net result €10,324 after one loss-making year.
2020
10-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
31-03
Financial
Weakest financial yearnet -€6,653
Net result drops to -€6,653, the lowest in the series; recovery starts the following year.
2019
15-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 15 days late
2018
21-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 21 days late
2017
30-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
07-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Lokeren · 1 establishment unit since 2013
Ground area
208 m²
Building footprint
63 m²
Volume, LiDAR
343 m³
Parcel 46014A1031/00N000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CDS André
since 20132.222.475.282
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A1031/00N000 | Flanders | 208 m² | 1 · 63 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
2 categoriesCDS André BV41483
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Of 2,325 companies in sector 42110 we hold annual accounts for 1,096. 785 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-09-2013
Fiscal year end31-03
Activities, NACEBEL 2025
42110Construction of roads and motorways
43990Other specialised construction activities
46494Wholesale of non-electrical household articles
46841Wholesale trade
47559Retail sale of other household articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0538728201
Also
9925:BE0538728201
Registered
31-10-2023
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.