CDS-IP
ActiveCDS-IP has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.93M and a net result of €179k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 4812 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
94
/ 100
Excellent= vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability31▲+2
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €270k at 30 days acceptable
balance sheet total too small for a liquidity verdict, and 0.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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
99.2%
Return on assets
6.1%
Age of the figures
16 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 30-04-2025 was due by 30-11-2025 and was filed on 27-10-2025, 34 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
34 d early
2024
31 d early
2023
35 d early
2022
27 d early
2021
6 d late
2020
270 d late
2019
228 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-04-2026 and is due by 30-11-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-04-2026 close12-09-2026 today30-11-2026 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€179k▲ 11.9%
2024 · €160k
2019: €-13k
2020: €2k
2021: €-12k
2022: €101k
2023: €138k
2024: €160k
2019 → 2025
Working capital
€2.66M▲ 11.2%
2024 · €2.39M
2019: €1.25M
2020: €1.38M
2021: €1.74M
2022: €1.92M
2023: €2.14M
2024: €2.39M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.35M-€2.45M▲ 4.3%€2.59M▲ 5.6%€2.75M▲ 6.2%€2.93M▲ 6.5%
Operating result€86k-€117k▲ 37.2%€108k▼ 7.8%€99k▼ 8.4%€110k▲ 10.8%
Net result€-12k-€101k€138k▲ 36.7%€160k▲ 16.6%€179k▲ 11.9%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.95M
Fixed assets
€284k▼ 24.0%
Current assets
€2.67M▲ 11.1%
Equity and liabilities €2.95M
Equity
€2.93M▲ 6.5%
Debt
€24k▼ 7.3%
The debt ratio falls from 0.9% to 0.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€199k▲
2024 · €189k
Cash flow
€269k▲
2024 · €250k
Solvency
99.2%▲
2024 · 99.1%
Debt / equity
0.01▼
2024 · 0.01
ROE
6.1%▲
2024 · 5.8%
ROA
6.1%▲
2024 · 5.8%
Interest coverage
248.61▲
2024 · 244.38
Debt
€24k▼
2024 · €26k
Debt ≤ 1 year
€4k▼
2024 · €5k
Income taxes
€50k▼
2024 · €58k
A ratio outside any meaningful range has been withheld (balance sheet total €2.95M, equity €2.93M).
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.77M€2.95M▲
Fixed assets21/28€373k€284k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€373k€284k▼
Land and buildings22€193k€193k=
Other tangible fixed assets26€180k€90k▼
Current assets29/58€2.40M€2.67M▲
Amounts receivable within one year40/41€2.37M€2.62M▲
Trade receivables40€37k€28k▼
Other amounts receivable41€2.33M€2.59M▲
Cash at bank and in hand54/58€30k€49k▲
Equity and liabilities
Total equity and liabilities10/49€2.77M€2.95M▲
Equity10/15€2.75M€2.93M▲
Contributions10/11€2.48M€2.48M=
Capital10€2.48M€2.48M=
Issued capital100€2.48M€2.48M=
Reserves13€13k€22k▲
Non-distributable reserves130/1€13k€22k▲
Legal reserve130€13k€22k▲
Profit (loss) carried forward14€253k€424k▲
Amounts payable17/49€26k€24k▼
Amounts payable within one year42/48€5k€4k▼
Trade debts44-€4k
Suppliers440/4-€4k
Taxes, remuneration and social security45€5k-
Taxes450/3€5k-
Accrued charges and deferred income492/3€21k€20k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€89k€89k=
Other operating charges640/8€55k€56k▲
Gross operating margin9900€244k€255k▲
Operating profit (loss)9901€99k€110k▲
Financial income75/76B€120k€120k▲
Recurring financial income75€120k€120k▲
Financial charges65/66B€772€802▲
Recurring financial charges65€772€802▲
Profit (loss) for the period before taxes9903€218k€229k▲
Income taxes67/77€58k€50k▼
Profit (loss) for the period9904€160k€179k▲
Profit (loss) for the period to be appropriated9905€160k€179k▲
Appropriation of the result
Profit (loss) to be appropriated9906€261k€433k▲
Profit (loss) brought forward from the previous period14P€101k€253k▲
Transfer to equity691/2€8k€9k▲
To the legal reserve6920€8k€9k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
27-10
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
30-04
Financial
Highest result since 2019net €179k ▲11.9%
Net result €179k, the highest in the series.
2024
30-10
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2022
03-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
30-04
Financial
Back to profitnet €101k
Net result €101k after one loss-making year.
30-04
Financial
Liquidity times 16current ratio 833.54
Current ratio from 52.36 to 833.54; short-term debt falls from €34k to €2k.
2021
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 6 days late
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 270 days late
30-04
Financial
Liquidity times 26current ratio 52.36
Current ratio from 2.05 to 52.36; short-term debt falls from €1.31M to €34k.
2020
15-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 228 days late
30-04
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
2018
13-12
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 13 days late
17-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 260 days late
2017
09-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 40 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
05-02-2025
Alastair Dick: Resigned as Director
05-02-2025
Vincent Rouffart: Resigned as Director
05-12-2024
Adedotune Adegoke: Resigned as Director
15-03-2023
Vincent Rouffart: Appointed as Managing director
22-12-2022
Alastair Dick: Appointed as Director
16-11-2022
Vincent Rouffart: Appointed as Director
Location & real-estate footprint
Registered office, Tubize · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue Ernest Solvay 291480 TubizeGround area
9,709 m²
Building footprint
6,318 m²
Volume, LiDAR
48,475 m³
Parcel 25097C0575/00B003, Wallonia · tallest building 9.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CDS-IP
since 19972.081.688.195
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25097C0575/00B003 | Wallonia | 9,709 m² | 1 · 6,318 m² | 9.3 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
PLAYMOBIL BELGIUM
BE 0479.562.159
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MEUBILI
BE 0447.007.969
Knokke-Heist · Eq €2.89M
DANIELLI COLLECTION
BE 0891.616.773
Elsene · Eq €3.00M
PATIGNY MAZOUT
BE 0884.077.695
Couvin · Eq €3.03M
ROOSEN AGENTUREN
BE 0457.514.356
Bocholt · Eq €2.77M
Of 1,733 companies in sector 46150 we hold annual accounts for 750. 195 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-04-1997
Fiscal year end30-04
Activities, NACEBEL
46150Agents in the wholesale of furniture, household goods and hardware
51150
32300Other manufacturing
47639Retail sale of other sporting goods
47640Retail trade
52482
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.