CDS André
ActiveSummary
CDS André has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €550,584 and a net result of €15,125. Equity has been growing by about 19% per year since 2019. Its solvency ranks better than 89% of 35 sector peers (NACE 42, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 16-09-2013 Normal situation
- Activity
- Construction of roads and motorways NACE 42110and 4 others
- Establishment unit
- 2.222.475.282 9160 Lokeren, since 18-09-2013
- Financial year end
- 31 March
- Peppol
- Reachable since 31-10-2023
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
- Gross margin
- €268,687
- ▼ 36.5%
- Turnover
- ≈ €540,000
- estimated
- Profit
- €15,125
- ▼ 88.4%
- Equity
- €550,584
- ▲ 2.8%
- Total assets
- €619,628
- ▼ 8.3%
- Employees on 31-03-2026
- 2
- =
Score breakdownlowers riskLiquidity: current ratio 5.88, cash €165,742Equity €550,584 (88.9% of total assets)Figures for financial year 2026 (filed on 30-10-2026)Founded in 2013Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 42, micro). It does better than 92% of them on solvency, 84% on liquidity, 42% on profitability and 44% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 7 days after the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, micro format
Annual accounts 2026 filed on 29-10-2026 at the NBB all 12 filings
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result for 2026 is 84% lower than in 2025 and the lowest since 2022.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Civil engineering (NACE 42). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Staff
| Item | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|
| Employees at the balance-sheet date | 2 | 2 | 2 |
| full-time | 2 | 2 | 2 |
| part-time | 0 | 0 | 0 |
| in full-time equivalents | 2 | 2 | 2 |
| Average over the year, in full-time equivalents | 1.3 | - | 2 |
| On a permanent contract | 2 | 2 | 2 |
| Joined | 0 | 0 | 0 |
| Left | 0 | 0 | 0 |
| Training hours | - | - | 0 |
Source: social balance sheet in the 2024 to 2026 annual accounts
Securities and guarantees
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Mortgages, amount registered | - | - | €55,000 | €55,000 | €55,000 |
| Carrying value of the mortgaged assets | - | - | €168,000 | €147,829 | €131,412 |
Source: notes to the 2022 to 2026 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | €94,315 | €32,931 | €174,931 | €96,842 | €48,410 |
| Financial fixed assets | - | - | - | - | €0 |
| Depreciation and write-downs of the year | €35,802 | €40,112 | €64,727 | €86,694 | €76,525 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as CDS André: construction of roads and motorways (NACE 42110). They are comparable in size and age: total assets between €587,000 and €1.1m, founded between 2012 and 2014.
| Company | Founded | Total assets | Equity | Gross margin | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| CDS André Lokeren | 2013 | €0.6m | €0.6m | €0.3m | €0.02m | - | 2026 |
| GROEN EN GRIJS Sint-Niklaas | 2013 | €0.6m | €0.05m | €0.3m | -€0.004m | - | 2025 |
| WSR Projects Beernem | 2014 | €0.6m | €0.5m | €0.3m | €0.2m | - | 2025 |
| Riomax Essen | 2012 | €0.6m | €0.2m | €0.3m | €0.02m | - | 2025 |
| GLUESTONE Kruisem | 2013 | €1.1m | €0.5m | €0.3m | €0.2m | 0 | 2025 |
| Zerobo Gent | 2012 | €0.6m | €0.2m | €0.5m | -€0.08m | - | 2025 |
| Aannemingen Pickavet Entreprises Estaimpuis | 2012 | €0.8m | €0.4m | €0.2m | -€0.02m | - | 2025 |
They were chosen from the 1,054 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 10,904 companies had the same profile as CDS André has now. Two years later, 0.7% had gone bankrupt and 95.1% were still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
That fits the bankruptcy probability of CDS André itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 10,904 companies, not a prediction for CDS André. 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €142,276 | €143,941 | €149,066 | €160,711 | €160,409 | ▼ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,652 | €46,892 | €29,756 | €35,802 | €40,112 | €64,727 | €86,694 | €76,525 | ▼ 11.7% |
| Other operating charges640/8 | - | - | - | €3,882 | €3,907 | €15,537 | €5,370 | €4,618 | ▼ 14.0% |
| Gross operating margin9900 | €324,650 | €294,850 | €258,930 | €280,214 | €275,304 | €364,011 | €423,075 | €268,687 | ▼ 36.5% |
| Operating profit (loss)9901 | €21,334 | -€2,901 | €14,199 | €98,254 | €87,344 | €134,681 | €170,299 | €27,135 | ▼ 84.1% |
| Financial income75/76B | - | - | - | €2,278 | €1,592 | €0 | €1,668 | €2,280 | ▲ 36.7% |
| Recurring financial income75 | €146 | €266 | €117 | €2,278 | €1,592 | €0 | €1,668 | €2,280 | ▲ 36.7% |
| Financial charges65/66B | - | - | - | €2,535 | €3,400 | €4,155 | €2,843 | €1,943 | ▼ 31.7% |
| Recurring financial charges65 | €4,773 | €4,018 | €3,921 | €2,535 | €3,400 | €4,155 | €2,843 | €1,943 | ▼ 31.7% |
| Profit (loss) for the period before taxes9903 | €16,707 | -€6,653 | €10,395 | €97,997 | €85,536 | €130,526 | €169,125 | €27,472 | ▼ 83.8% |
| Income taxes67/77 | €3,009 | - | €71 | €19,500 | €18,597 | €34,780 | €38,281 | €12,348 | ▼ 67.7% |
| Profit (loss) for the period9904 | €13,698 | -€6,653 | €10,324 | €78,497 | €66,939 | €95,746 | €130,844 | €15,125 | ▼ 88.4% |
| Profit (loss) for the period to be appropriated9905 | €13,698 | -€6,653 | €10,324 | €78,497 | €66,939 | €95,746 | €130,844 | €15,125 | ▼ 88.4% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €431,909 | €476,970 | €489,450 | €524,993 | €525,163 | €547,633 | €675,769 | €619,628 | ▼ 8.3% |
| Fixed assets21/28 | €299,657 | €273,781 | €289,374 | €347,888 | €340,707 | €423,075 | €433,222 | €405,107 | ▼ 6.5% |
| Tangible fixed assets22/27 | €299,523 | €273,647 | €289,240 | €347,754 | €340,573 | €422,941 | €433,088 | €404,973 | ▼ 6.5% |
| Land and buildings22 | - | - | - | €249,935 | €260,663 | €244,246 | €227,829 | €211,412 | ▼ 7.2% |
| Plant, machinery and equipment23 | - | - | - | €77,261 | €69,161 | €85,804 | €64,962 | €79,133 | ▲ 21.8% |
| Furniture and vehicles24 | - | - | - | €20,559 | €10,749 | €92,891 | €140,298 | €114,428 | ▼ 18.4% |
| Financial fixed assets28 | €134 | €134 | €134 | €134 | €134 | €134 | €134 | €134 | = |
| Current assets29/58 | €132,252 | €203,188 | €200,076 | €177,105 | €184,456 | €124,558 | €242,547 | €214,521 | ▼ 11.6% |
| Stocks and contracts in progress3 | €9,455 | €25,850 | €20,900 | €0 | - | - | - | - | - |
| Stocks30/36 | - | - | - | €0 | - | - | - | - | - |
| Contracts in progress37 | - | - | - | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €30,767 | €54,733 | €70,294 | €130,268 | €37,489 | €36,559 | €94,730 | €43,468 | ▼ 54.1% |
| Trade receivables40 | - | - | - | €129,951 | €31,385 | €14,376 | €73,145 | €31,876 | ▼ 56.4% |
| Other amounts receivable41 | - | - | - | €318 | €6,104 | €22,183 | €21,586 | €11,592 | ▼ 46.3% |
| Cash at bank and in hand54/58 | €85,121 | €88,146 | €79,306 | €44,212 | €143,782 | €87,319 | €146,639 | €165,742 | ▲ 13.0% |
| Deferred charges and accrued income490/1 | - | - | - | €2,624 | €3,185 | €680 | €1,178 | €5,311 | ▲ 351% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €431,909 | €476,970 | €489,450 | €524,993 | €525,163 | €547,633 | €675,769 | €619,628 | ▼ 8.3% |
| Equity10/15 | €214,636 | €207,983 | €214,022 | €292,519 | €359,458 | €445,792 | €535,460 | €550,584 | ▲ 2.8% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €196,036 | €189,383 | €195,422 | €273,919 | €340,858 | €427,192 | €516,860 | €531,984 | ▲ 2.9% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | - | €272,059 | €338,998 | €425,332 | €515,000 | €531,984 | ▲ 3.3% |
| Profit (loss) carried forward14 | - | - | - | - | - | €0 | €0 | €0 | - |
| Amounts payable17/49 | €217,272 | €268,986 | €275,428 | €232,474 | €165,705 | €101,840 | €140,310 | €69,043 | ▼ 50.8% |
| Amounts payable after more than one year17 | €185,809 | €205,179 | €202,738 | €158,643 | €95,474 | €46,373 | €38,863 | €32,571 | ▼ 16.2% |
| Financial debts170/4 | - | - | - | €107,679 | €95,474 | €46,373 | €38,863 | €32,571 | ▼ 16.2% |
| Trade debts175 | - | - | - | €47,464 | €0 | - | - | - | - |
| Other amounts payable178/9 | - | - | - | €3,500 | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €31,463 | €63,808 | €72,690 | €73,831 | €65,799 | €55,468 | €101,446 | €36,472 | ▼ 64.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €35,598 | €12,205 | €9,408 | €9,684 | €8,168 | ▼ 15.7% |
| Trade debts44 | €5,168 | €30,400 | €28,588 | €22,301 | €8,458 | €28,945 | €58,335 | €11,285 | ▼ 80.7% |
| Suppliers440/4 | - | - | - | €22,301 | €8,458 | €28,945 | €58,335 | €11,285 | ▼ 80.7% |
| Advances received on contracts in progress46 | - | - | - | €0 | - | - | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €15,852 | €45,135 | €17,103 | €14,705 | €10,917 | ▼ 25.8% |
| Taxes450/3 | - | - | - | €930 | €30,686 | €7,691 | €1,000 | €0 | ▼ 100% |
| Remuneration and social security454/9 | - | - | - | €14,922 | €14,450 | €9,412 | €13,705 | €10,917 | ▼ 20.3% |
| Other amounts payable47/48 | - | - | - | €80 | €0 | €12 | €18,722 | €6,102 | ▼ 67.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €4,432 | €0 | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,698 | -€6,653 | €10,324 | €78,497 | €66,939 | €95,746 | €130,844 | €15,125 | ▼ 88.4% |
| + Depreciation and write-downs630 | €47,652 | €46,892 | €29,756 | €35,802 | €40,112 | €64,727 | €86,694 | €76,525 | ▼ 11.7% |
| Operating cash flow (approximation) | €61,350 | €40,239 | €40,080 | €114,299 | €107,051 | €160,472 | €217,538 | €91,650 | ▼ 57.9% |
| Investment in fixed assets (approximation) | - | -€21,017 | -€45,350 | -€94,315 | -€32,931 | -€147,095 | -€96,842 | -€48,410 | ▲ 50.0% |
| Change in cash | - | €3,025 | -€8,840 | -€35,094 | €99,570 | -€56,463 | €59,320 | €19,103 | ▼ 67.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 29-10-2026 | 2026-00595206 | NBB |
| 31-03-2025 | micro format | 31-10-2025 | 2025-00563184 | |
| 31-03-2024 | micro format | 31-10-2024 | 2024-00521692 | |
| 31-03-2023 | micro format | 25-10-2023 | 2023-00502949 | |
| 31-03-2022 | micro format | 05-12-2022 | 2022-20531591 | |
| 31-03-2021 | micro format | 15-11-2021 | 2021-77200502 | |
| 31-03-2020 | abbreviated format | 10-11-2020 | 2020-69700501 | |
| 31-03-2019 | abbreviated format | 15-11-2019 | 2019-73700312 | |
| 31-03-2018 | abbreviated format | 21-11-2018 | 2018-72600001 | |
| 31-03-2017 | abbreviated format | 30-10-2017 | 2017-68400090 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 12-01-2024 Converted to available equity
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| CARDOSO DOS SANTOS Mário André |
|
| VAN DAEL Evi |
|
Network & group
CDS André shares no director with another company.
Companies at the same address
1 other companyConnections & network
2 current directorsThe network starts from the directors of CDS André. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
12-01
Gazette deed
Appointments: CARDOSO DOS SANTOS Mário André (director) and VAN DAEL Evi (director)Capital conversion · Amendment of the articles · Capital13 points ▸
- General meeting, 28-12-2023
- Other provision, “aanpassing statuten aan Wetboek van vennootschappen en verenigingen, statuten aanpassen aan bepalingen van het Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Capital conversion, “beschikbaar voor toekomstige uitkeringen” (deed in Dutch)
- Other provision, “zetelvermelding in statuten beperkt tot gewest, enkel gewest van zetel opnemen en adres schrappen uit statuten” (deed in Dutch)
- Other provision, “verschuiving jaarlijkse algemene vergadering bij feestdag, verschrijven naar onmiddellijk voorafgaande werkdag in plaats van eerstvolgende werkdag wanneer datum…” (deed in Dutch)
- Other provision, “interim-dividend, voorzien in mogelijkheid tot uitkering van interim-dividend” (deed in Dutch)
- Amendment of the articles
- Capital
- Other provision, “nieuwe WVV-terminologie sedert 2020-01-01, hoedanigheid van zaakvoerder van rechtswege beëindigd en omgezet naar bestuurder” (deed in Dutch)
- Director appointment, CARDOSO DOS SANTOS Mário André (director (not named in the articles))
- Director appointment, VAN DAEL Evi (director (not named in the articles))
- Registered office clause, “Weverslaan 34,9160 Lokeren” (deed in Dutch)
- The act holds 1 more point.
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
26 activities
- Alle mogelijke verrichtingen die rechtstreeks of onrechtstreeks verband houden met het onderhoud,de renovatie,het herstel,de verfraaiing,de vernieuwing en de modernisering van bouwwerken
- Het coördineren en leiden van bouwwerven
- Het uitvoeren van metsel-en betonwerken
- Het aanbrengen van chape
- Het aanbrengen van vloer-of wandtegels van kermische vloerbedekking en wandbekleding van terrazzo,marmer,graniet of lei,het aanbrengen van pleister-en stukadoorswerk,aanbrengen van hechtgrond,aan de binnenzijde en de buitenzijde van gebouwen en bouwwerken
- Het uitvoeren van schrijnwerkerij in hout of andere kunststoffen,ook metalen plaatsen van ijzerwerk en metalen luiken
- Het ontwerpen,aanleggen en onderhouden van tuinen,speelpleinen,parken,enzovoort
- Het monteren van loodsen,hangars,schuren,silo’s en andere complexen voor commerciële doeleinden
- Het bouwen van autowegen,straten en andere wegen,paden,voor voertuigen en voetgangers,vangrails
- Het aanleggen van terrassen,paden,wegen,straten,opritten,enzovoort
- Het installeren van zonneschermen
- Het plaatsen van tussenwanden in gipsplaten en glaszetten
- Het vervaardigen,monteren en schilderen van metalen constructies
- Het ontwerpen en plaatsen van de elektrische installaties,waterleidingen,artikelen voor sanitair gebruik,sprinklerinstallaties,gasaansluitingen en leidingen voor diverse gassen in gebouwen en nadere bouwwerken
- Het plaatsen van dakbedekkingen,dakgoten en regenafvoerbuizen
- Het ontmossen van daken en muren
- Het aanleggen van rioleringen
- Het slopen van gebouwen
- Het monteren van stellingen en het plaatsen daarvan,het voegen en reinigen van gevels
- Het plaatsen van vaste of verplaatsbare afsluitingen
- Het droogmaken van gebouwen en plaatsen,met alle mogelijke technieken
- Het aanbrengen van warmte-en geluidsisoleringen in gebouwen,langs de openbare weg of op private eigendommen
- Het ruimen van bouwterreinen
- Alle loodgieterij
- Het uitoefenen van de functie van bestuurder,vereffenaar of gevolmachtigde in andere vennootschappen
- Het optreden als tussenpersoon in de handel of als commissionair
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0538.728.201
Financial year and general meeting
Accounts at the NBBRecognitions · licences · registrations
Recognised contractor
2 categories- C General road works contractsclass 1, up to €162,000
- C1 Ordinary sewer worksclass 1, up to €162,000
Environmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 46014A1031/00N000 | Flanders | 208 m² | 1 · 63 m² | 6.3 m · 2 |