CDV
Open bankruptcyAre you a creditor?
Open bankruptcy
Source: Belgian Official Gazette
The judgment is more than a year old: a claim can no longer be filed, not even late. The trustee knows whether anything will still be paid out.
The procedure
- Court
- Enterprise Court of Liège, Namur division
- Declared bankrupt
- 19 March 2020
- Supervising judge
- Michel Antoine, Pierre Cambresier
- Official Gazette
- 25-03-2020 (pdf) ↗search the document for 2020/113366
Deadlines
- Appeal or third-party opposition until
- passed on 9 April 2020Fifteen days after the publication in the Official Gazette.art. XX.108, Code of Economic Law
- File the claim in RegSol, the Belgian insolvency register, until
- passed on 18 April 2020art. XX.104 and XX.155, Code of Economic Law
- First verification report
- passed on 29 April 2020Reclaim goods that are still yours, such as goods delivered under retention of title, before this day.art. XX.104 and XX.194, Code of Economic Law
- Late claim until
- passed on 19 March 2021A late claim shares only in what has not yet been paid out, and you bear its costs.art. XX.165, Code of Economic Law
Trustee
- Bernard CastaigneRue Alexandre Daoust 41, 5500 Dinantinfo@dinalex.be
What to do now
- The deadlines to file your claim have passed, including for a late claim: that was possible until a year after the judgment.
- Ask the trustee whether anything will still be paid out and whether your claim was admitted.
- Follow the file in RegSol: the trustee's reports appear there.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered, subject to conditions.
The judgment is more than a year old: the deadline for a late claim (art. XX.165, Code of Economic Law) has passed too.
View the file in RegSol ↗
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General information, not legal advice. If in doubt, the trustee, your lawyer or your accountant can help.Creditor guide for this company
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Overview
Activity
Driving schools for cars and motorcycles
NACE 85531
1 site
Size
≈ €160,000turnover 2017, estimated
- Equity
- -€29,932
- Profit
- €27,901
Turnover estimated from the gross margin
Financial health
Open bankruptcy: no score
Structure
3 deeds in the Belgian Official Gazette
Signalsraises riskOpen bankruptcy2017 accounts filed 9 days lateShow the evidence
Signals
Two signals.
raises risk
raises risk · 2017 accounts filed 9 days late
The financial year that closed on 31-12-2017 was due by 31-07-2018 and was filed on 09-08-2018, 9 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2018
not filed
2017
9 days late
2016
29 days late
2015
39 days early
2014
27 days late
2013
27 days late
2012
31 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 14 days after the deadline; the sector median (NACE 85) for financial year 2018 is 16 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
- Supervising judge replacedEnterprise Court of Liège, Namur…
- OpeningEnterprise Court of Liège, Namur…
- Annual accounts filedfinancial year 2017 · micro…
Financials · financial year 2017, micro format
2017 annual accounts filed late (9 days) Filed on 9 August 2018, deadline 31 July 2018 (7 months after the close on 31 December 2017, Companies Code art. 3:10). Source: NBB, 2018-44800223.
Turnover
≈ €160,000
Estimated: probably between €95,000 and €280,000
EBIT margin
Not included in this filing
Net result
€27,901▲ 25.3%
2016 · €22,262
Working capital
-€29,136▲ 58.4%
2016 · -€70,039
Trend over the years
2013 to 2017, 5 financial years 2013 to 2017, 5 financial years
After the dip in 2015 the operating result has climbed two years in a row; 2017 is 21% above 2016 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€31,428
2017
Net result€27,901
2017
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€213,927
2017
Equity-€29,932
2017
Debt€243,859
2017
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€29,136
2017
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20132014201520162017
Operating result€1,253-€16,596▲ 13×-€36,507€26,058€31,428▲ 20.6%
Net result€946-€16,365▲ 17×-€36,808€22,262€27,901▲ 25.3%
Equity-€59,652--€43,287▲ 27.4%-€80,095▼ 85.0%-€57,833▲ 27.8%-€29,932▲ 48.2%
Total assets€23,605-€29,755▲ 26.1%€63,155▲ 112%€135,644▲ 115%€213,927▲ 57.7%
Debt€83,257-€73,042▼ 12.3%€143,250▲ 96.1%€193,478▲ 35.1%€243,859▲ 26.0%
Working capital-€79,443--€54,767▲ 31.1%-€97,394▼ 77.8%-€70,039▲ 28.1%-€29,136▲ 58.4%
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2017 in colour, 2016 as the grey bar beneath
Assets €213,927
Fixed assets
€20,611 ▲ 18.9%
Current assets
€193,315 ▲ 63.4%
Equity and liabilities
Equity-€29,932
Debt€243,859
Equity is negative: debt (€243,859) exceeds the balance-sheet total (€213,927).
Key figures and ratios
EBITDA
€38,880▲
2016 · €32,202
Cash flow
€35,353▲
2016 · €28,406
Solvency
-14.0%▲
2016 · -42.6%
Current ratio
0.87▲
2016 · 0.63
Quick ratio
0.60▲
2016 · 0.31
ROA
13.0%▼
2016 · 16.4%
Debt ≤ 1 year
€222,451▲
2016 · €188,354
Debt > 1 year
€8,142▲
2016 · €5,123
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,929 | €4,791 | €5,064 | €6,144 | €7,452 | ▲ 21.3% |
| Gross operating margin9900 | €15,797 | €22,530 | -€30,434 | €32,550 | €39,228 | ▲ 20.5% |
| Operating profit (loss)9901 | €1,253 | €16,596 | -€36,507 | €26,058 | €31,428 | ▲ 20.6% |
| Recurring financial income75 | - | €13 | €31 | €290 | €2 | ▼ 99.5% |
| Recurring financial charges65 | €307 | €244 | €332 | €4,085 | €3,529 | ▼ 13.6% |
| Profit (loss) for the period before taxes9903 | €946 | €16,365 | -€36,808 | €22,262 | €27,901 | ▲ 25.3% |
| Profit (loss) for the period9904 | €946 | €16,365 | -€36,808 | €22,262 | €27,901 | ▲ 25.3% |
| Profit (loss) for the period to be appropriated9905 | €946 | €16,365 | -€36,808 | €22,262 | €27,901 | ▲ 25.3% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23,605 | €29,755 | €63,155 | €135,644 | €213,927 | ▲ 57.7% |
| Fixed assets21/28 | €19,791 | €11,480 | €17,299 | €17,329 | €20,611 | ▲ 18.9% |
| Tangible fixed assets22/27 | €19,791 | €11,480 | €17,299 | €16,929 | €20,211 | ▲ 19.4% |
| Financial fixed assets28 | - | - | - | €400 | €400 | = |
| Current assets29/58 | €3,814 | €18,275 | €45,856 | €118,315 | €193,315 | ▲ 63.4% |
| Stocks and contracts in progress3 | - | - | - | €60,673 | €60,673 | = |
| Amounts receivable within one year40/41 | €3,373 | €15,899 | €38,604 | €55,340 | €129,928 | ▲ 135% |
| Cash at bank and in hand54/58 | €355 | €2,002 | €1,007 | €560 | €657 | ▲ 17.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23,605 | €29,755 | €63,155 | €135,644 | €213,927 | ▲ 57.7% |
| Equity10/15 | -€59,652 | -€43,287 | -€80,095 | -€57,833 | -€29,932 | ▲ 48.2% |
| Contributions10/11 | €38,600 | €38,600 | €38,600 | €38,600 | €38,600 | = |
| Reserves13 | €599 | €599 | €599 | €599 | €599 | = |
| Profit (loss) carried forward14 | -€98,851 | -€82,486 | -€119,294 | -€97,033 | -€69,132 | ▲ 28.8% |
| Amounts payable17/49 | €83,257 | €73,042 | €143,250 | €193,478 | €243,859 | ▲ 26.0% |
| Amounts payable after more than one year17 | - | - | - | €5,123 | €8,142 | ▲ 58.9% |
| Amounts payable within one year42/48 | €83,257 | €73,042 | €143,250 | €188,354 | €222,451 | ▲ 18.1% |
| Trade debts44 | €2,690 | €16,790 | €51,057 | €34,232 | €51,666 | ▲ 50.9% |
| Line | 2013 | 2014 | 2015 | 2016 | 2017 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €946 | €16,365 | -€36,808 | €22,262 | €27,901 | ▲ 25.3% |
| + Depreciation and write-downs630 | €9,929 | €4,791 | €5,064 | €6,144 | €7,452 | ▲ 21.3% |
| Operating cash flow (approximation) | €10,875 | €21,156 | -€31,744 | €28,406 | €35,353 | ▲ 24.5% |
| Investment in fixed assets (approximation) | - | €3,520 | -€10,883 | -€6,175 | -€10,734 | ▼ 73.8% |
| Change in cash | - | €1,647 | -€995 | -€447 | €97 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2017 | micro format | 09-08-2018 | 2018-44800223 |
| 31-12-2016 | micro format | 29-08-2017 | 2017-50200504 |
| 31-12-2015 | full format | 22-06-2016 | 2016-22600077 |
| 31-12-2014 | full format | 27-08-2015 | 2015-47600276 |
| 31-12-2013 | full format | 27-08-2014 | 2014-48100437 |
| 31-12-2012 | full format | 31-08-2013 | 2013-54500124 |
| 31-12-2011 | full format | 14-08-2012 | 2012-40300417 |
| 31-12-2010 | full format | 26-08-2011 | 2011-44500247 |
| 31-12-2009 | full format | 31-08-2010 | 2010-52000263 |
| 31-12-2008 | full format | 28-08-2009 | 2009-69100229 |
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Dinant
This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 1,040 active companies whose main activity is driving schools for cars and motorcycles (NACE 85531), figures are known for 368. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 0 of 3 Gazette acts processed. See the directors and other office holders in the KBO →
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Trustee | Bernard Castaigne Rue Alexandre Daoust 41, 5500 Dinant |
19-03-2020 → present |
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
2024
05-12
Bankruptcy
Supervising judge replaced
Enterprise Court of Liège, Namur division · judgment of 28-11-2024
2020
25-03
Bankruptcy
Opening
Enterprise Court of Liège, Namur division · judgment of 19-03-2020
2018
09-08
NBB filing
Annual accounts filed
financial year 2017 · micro format · 9 days late
2017
31-12
Financial
Highest result from 2013 to 2017net €27,901 ▲25.3%
Operating result €31,428, net result €27,901, both a record.
29-08
NBB filing
Annual accounts filed
financial year 2016 · micro format · 29 days late
2016
31-12
Financial
Back to profitnet €22,262
Net result €22,262 after one loss-making year.
22-06
NBB filing
Annual accounts filed
financial year 2015 · full format
2015
31-12
Financial
Weakest financial yearnet -€36,808
Net result drops to -€36,808, the lowest in the series.
27-08
NBB filing
Annual accounts filed
financial year 2014 · full format · 27 days late
2014
27-08
NBB filing
Annual accounts filed
financial year 2013 · full format · 27 days late
2013
31-08
NBB filing
Annual accounts filed
financial year 2012 · full format · 31 days late
2012
14-08
NBB filing
Annual accounts filed
financial year 2011 · full format · 14 days late
Show earlier events
2011
26-08
NBB filing
Annual accounts filed
financial year 2010 · full format · 26 days late
2010
31-08
NBB filing
Annual accounts filed
financial year 2009 · full format · 31 days late
2009
28-08
NBB filing
Annual accounts filed
financial year 2008 · full format · 28 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 13 annual accounts filed, the latest 10 are here; all 13 are under Financials.
0 of 3 deeds read
About the unread acts
We know of 3 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Opening faillissement
CDV is in the KBO register with the legal situation: opening faillissement.
- Legal situation
- Opening faillissement
- Last annual accounts
- financial year to 31 December 2017
- Legal form
- Private limited company (pre-2019)
- Active since
- 6 October 2004
Register details
Identification
Legal formPrivate limited company (pre-2019)
Founded06-10-2004
Financial year end31-12
Activities, NACEBEL 2025
85531Driving schools for cars and motorcycles
93129Activities of other sports clubs
93199Other sports activities
E-invoicing
Not found in the Peppol Directory
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Dinant · 1 establishment unit since 2004
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 KBO register.
Zoning de la Voie Cuivrée 385503 Dinant1 establishment unit
CDV
since 2004unit no. 2.142.230.350