Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
€3.4m of the debts are secured on the company's own assets.
Restructuring with TECHNICUM. Restructuring on 20-03-2026.
Less equity than 83% of companies in real estate. Sector median €300,201 · 11,304 companies.
Negative equity caps the score at 59.
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 68, small). It does better than 14% of them on solvency, 8% on liquidity and 30% on profitability.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 152 companies had the same profile as CDTEch has now. Each dot is one company, two years later.
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CDTEch itself: 0.1% within 12 months.
The method was tested on the 497,447 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 152 companies, not a prediction for CDTEch. 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.
Liquidity is insufficient, with a current ratio of 1.0, below 1. Short-term debt is 100.1% and cash 5.1% of total assets. Equity is negative.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| CDTEch Hasselt | €3.9m | -€23,284 | -0.1% | - |
| DESTENAY 25 Chaudfontaine | €4.2m | -€125,293 | -4.9% | - |
| CIEL 4 Invest Waregem | €4.4m | -€1,126 | 97.9% | - |
| Caesar 25 Turnhout | €3.2m | -€5,948 | 0.4% | - |
| SGR Finance Tubize | €2.7m | -€16,099 | 54.0% | - |
| RIVAGE Chaudfontaine | €2.6m | -€4,180 | -2.8% | - |
| LISE Construct Kapellen | €2.6m | -€9,866 | -0.3% | - |
These companies have the same main activity as CDTEch: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €2.6m and €4.4m, founded between 2024 and 2025.
CDTEch has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€4,852) and a net result of -€23,303.
Its solvency ranks better than 17% of 11,299 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Amounts without an identifiable currency are taken as euros.
Higher than 17% of 11,299 companies in 2025.
Higher than 44% of 10,851 companies in 2025.
Higher than 33% of 11,184 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: top quarter · Working capital: middle half
| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
3.9m | |
29/58 |
3.9m | |
3 |
3.4m | |
30/36 |
3.4m | |
40/41 |
320,483 | |
40 |
44,846 | |
41 |
275,637 | |
54/58 |
199,405 | |
| Balance sheet: equity and liabilities | ||
10/49 |
3.9m | |
10/15 |
-4,852 | |
10/11 |
18,451 | |
14 |
-23,303 | |
17/49 |
3.9m | |
42/48 |
3.9m | |
43 |
3.4m | |
430/8 |
3.4m | |
44 |
57,028 | |
440/4 |
57,028 | |
47/48 |
514,320 | |
| Income statement | ||
9900 |
-23,284 | |
640/8 |
19 | |
9901 |
-23,303 | |
9903 |
-23,303 | |
9904 |
-23,303 | |
9905 |
-23,303 | |
| Appropriation of the result | ||
9906 |
-23,303 | |
| Document | ||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 08-07-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 08-07-2026 | 2026-00268162 |
| Line | Trend | 2025 |
|---|---|---|
| -4,852 | ||
| -0.1% | ||
| 1.00 | ||
| 0.13 | ||
| -0.6% |
A ratio outside any meaningful range has been withheld (balance sheet total €3.9m, equity -€4,852).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 |
|---|---|
| Debts secured on the company's own assets | €3.4m |
| Mortgages, amount registered | €25,000 |
| €7.3m | |
| Carrying value of the mortgaged assets | €3.4m |
Source: notes to the 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Equity is negative. Debt (€3.9m) exceeds the balance-sheet total (€3.9m).
Deed of 13-05-2026Demerger: TECHNICUM splits off to CDTechIssue of 100 shares · Appointment: Finvision Bedrijfsrevisoren BV (company auditor) · TechSalE is a shareholder
CDTEch has no parent and no holdings in its annual accounts.
| LAPIS
registered office since 27-10-2020 · founded in 2020 |
total assets €33.7m (2025) 0757.532.485 |
| GV CONSTRUCT
registered office since 08-05-2020 · founded in 2020 · negative equity (2025) |
total assets €17.0m (2025) 0746.783.994 |
| VASO Constructions
registered office since 28-06-2011 · founded in 2011 |
total assets €16.6m (2025) 0837.349.728 |
| GV GROND
registered office since 15-03-2018 · founded in 2018 |
total assets €16.1m (2025) 0692.594.549 |
| VMS HOLDING
registered office since 03-09-2020 · founded in 2020 |
total assets €9.9m (2025) 0753.655.356 |
| GUV Construct
registered office since 20-08-2020 · founded in 2020 |
total assets €8.7m (2025) 0752.770.082 |
| SOMAVA
registered office since 13-08-2021 · founded in 2021 |
total assets €7.5m (2025) 0772.546.305 |
| VGV INVEST
registered office since 25-09-2018 · founded in 2018 · negative equity (2025) · group GUNO INVEST |
total assets €7.4m (2025) 0704.989.367 |
| ED SOMERS INVEST
registered office since 24-08-2006 · founded in 2006 · group ED SOMERS VASTGOED |
total assets €6.9m (2025) 0880.297.467 |
| SCHUTTERSHOF Budgethuur
registered office since 05-02-2024 · founded in 2024 |
total assets €6.7m (2025) 1005.605.829 |
| PACIFICATION CONSTRUCTION via JEMI CONSULT, no longer at PACIFICATION CONSTRUCTION · Director (not named in the articles) · deed of 21-11-2023 founded in 2014 · group URBICOON |
turnover €2.5m (2025) |
| STED INVEST RETAIL FUND via ED SOMERS INVEST, no longer at STED INVEST RETAIL FUND · Managing director · deed of 13-08-2019 founded in 2019 |
total assets €4.9m (2025) |
| Asl Jet Handling via JEMI CONSULT, no longer at Asl Jet Handling · Class B director · deed of 16-04-2020 founded in 2020 · group ASL GROUP |
14 FTE (2025) |
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
CDTEch was incorporated on 15 May 2025 as a private limited company by VASO CONSTRUCTIONS and J.M. CONSTRUCT, with a starting capital of €1.12 The company has filed annual accounts once, for financial year 2025.3
| Establishment | Since | Unit number |
|---|---|---|
| Kolonel Dusartplein 20 registered office 3500 Hasselt 41001 General construction of residential buildings | 01-10-2025 | 2.380.223.513 |
| 26-06-2026 | Granted | Bouwen of herbouwen; Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Slopen of verwijderen; Slopen van niet vrijstaande gebouwen of constructies; Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen submitted 28-11-2025 · project 2024162145 | Sint-Truiden |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 71022H0530/00R003 | 789 m² | 1 · 257 m² | 17.6 m · 5 |
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