CFA Immo
ActiveSummary
CFA Immo has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €350,097 and a net result of €142,982. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 8101 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability75▲+1
Solvency37▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €22,000 at 30 days acceptable
Liquidity short (current ratio 0.16 against 0.15 in 2023; short-term debt: 48.9% and cash: 3.4% of total assets), and 88.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 8101 sector peers (2024).
NBB · sector comparisonPosition among 8101 sector peers
Solvency
better than 14%
← weakest
strongest →
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €350,097
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-07-2025, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
27 d early
2023
34 d early
2022
35 d early
2021
39 d early
2020
39 d early
2019
32 d early
← 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 34 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€350,097▲ 69.0%
2023 · €207,115
Total assets
€2.9m▲ 0.5%
2023 · €2.9m
Net result
€142,982▲ 25.5%
2023 · €113,924
Working capital
-€1.2m▼ 3.0%
2023 · -€1.2m
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
Line20202021202220232024
Operating result€23,693€34,406▲ 45.2%€177,161▲ 415%€141,112▼ 20.3%€169,135▲ 19.9%
Net result-€1,901▲ 96.3%€5,823€142,807▲ 2,353%€113,924▼ 20.2%€142,982▲ 25.5%
Equity-€55,438▲ 31.1%-€49,615▲ 10.5%€93,191€207,115▲ 122%€350,097▲ 69.0%
Total assets€1.6m▼ 5.1%€2.6m▲ 57.6%€2.7m▲ 2.9%€2.9m▲ 10.3%€2.9m▲ 0.5%
Debt€1.5m▼ 5.2%€2.5m▲ 61.4%€2.4m▼ 2.6%€2.6m▲ 6.8%€2.4m▼ 4.9%
Working capital-€616,667▲ 7.5%-€887,242▼ 43.9%-€926,734▼ 4.5%-€1.2m▼ 27.5%-€1.2m▼ 3.0%
Staff (FTE)
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2024 Equity +69% on 2023. Cause not known from the registers.
- 2023 Equity +122% on 2022. Cause not known from the registers.
- 2022 Net result +2,353% on 2021. Cause not known from the registers.
- 2021 Total assets +58% on 2020. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 20% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €2.9m
Fixed assets
€2.7m ▲ 0.2%
Current assets
€223,384 ▲ 3.8%
Equity and liabilities €2.9m
Equity
€350,097 ▲ 69.0%
Provisions
€146,566 ▼ 2.3%
Debt
€2.4m ▼ 4.9%
Debt's share of the balance-sheet total falls from 87.8% to 83.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€214,165▲
2023 · €187,278
Cash flow
€188,012▲
2023 · €160,089
Current ratio
0.16▲
2023 · 0.15
Debt to equity
6.99▼
2023 · 12.42
ROE
40.8%▼
2023 · 55.0%
ROA
4.9%▲
2023 · 3.9%
Interest coverage
7.92▲
2023 · 6.07
Debt ≤ 1 year
€1.4m▲
2023 · €1.4m
Debt > 1 year
€1.0m▼
2023 · €1.2m
Income taxes
€2,585
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,653 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
0.9%
went bankrupt
1.9%
stopped otherwise
97%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,653 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €113,797 | €88,264 | €84,753 | €46,166 | €45,030 | ▼ 2.5% |
| Other operating charges640/8 | - | €12,447 | €15,721 | €15,060 | €15,601 | ▲ 3.6% |
| Non-recurring operating charges66A | - | €298 | - | - | - | - |
| Gross operating margin9900 | €183,649 | €135,415 | €277,635 | €202,338 | €229,766 | ▲ 13.6% |
| Operating profit (loss)9901 | €23,693 | €34,406 | €177,161 | €141,112 | €169,135 | ▲ 19.9% |
| Financial income75/76B | - | €0 | €234 | - | - | - |
| Recurring financial income75 | €1,684 | €0 | €0 | - | - | - |
| Non-recurring financial income76B | - | - | €234 | - | - | - |
| Financial charges65/66B | - | €32,237 | €34,667 | €30,842 | €27,044 | ▼ 12.3% |
| Recurring financial charges65 | €29,723 | €32,237 | €34,667 | €30,842 | €27,044 | ▼ 12.3% |
| Profit (loss) for the period before taxes9903 | -€4,346 | €2,169 | €142,728 | €110,270 | €142,091 | ▲ 28.9% |
| Transfer from deferred taxes780 | - | €3,654 | €3,654 | €3,654 | €3,476 | ▼ 4.9% |
| Income taxes67/77 | - | - | €3,575 | - | €2,585 | - |
| Profit (loss) for the period9904 | -€1,901 | €5,823 | €142,807 | €113,924 | €142,982 | ▲ 25.5% |
| Transfer from tax-exempt reserves789 | - | €10,961 | €10,961 | €10,961 | €10,427 | ▼ 4.9% |
| Profit (loss) for the period to be appropriated9905 | €5,434 | €16,784 | €153,768 | €124,884 | €153,408 | ▲ 22.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.6m | €2.6m | €2.7m | €2.9m | €2.9m | ▲ 0.5% |
| Fixed assets21/28 | €1.6m | €2.5m | €2.5m | €2.7m | €2.7m | ▲ 0.2% |
| Tangible fixed assets22/27 | €1.5m | €2.5m | €2.4m | €2.3m | €2.3m | ▼ 1.7% |
| Land and buildings22 | - | €2.3m | €2.2m | €2.1m | €2.1m | ▼ 1.8% |
| Plant, machinery and equipment23 | - | €207,434 | €197,683 | €193,386 | €192,999 | ▼ 0.2% |
| Furniture and vehicles24 | - | €9,209 | €5,806 | €4,055 | €3,244 | ▼ 20.0% |
| Financial fixed assets28 | €20,000 | €20,000 | €122,450 | €368,450 | €414,625 | ▲ 12.5% |
| Current assets29/58 | €82,978 | €83,557 | €141,349 | €215,220 | €223,384 | ▲ 3.8% |
| Amounts receivable after more than one year29 | - | - | €40,000 | €40,000 | - | - |
| Other amounts receivable291 | - | - | €40,000 | €40,000 | - | - |
| Amounts receivable within one year40/41 | €1,643 | €18,281 | €3,423 | €93,939 | €118,490 | ▲ 26.1% |
| Trade receivables40 | - | €18,281 | €2,227 | €62,084 | €57,520 | ▼ 7.4% |
| Other amounts receivable41 | - | - | €1,196 | €31,855 | €60,970 | ▲ 91.4% |
| Cash at bank and in hand54/58 | €33,415 | €14,555 | €91,927 | €75,281 | €98,894 | ▲ 31.4% |
| Deferred charges and accrued income490/1 | - | €50,720 | €6,000 | €6,000 | €6,000 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.6m | €2.6m | €2.7m | €2.9m | €2.9m | ▲ 0.5% |
| Equity10/15 | -€55,438 | -€49,615 | €93,191 | €207,115 | €350,097 | ▲ 69.0% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €488,970 | €478,009 | €467,049 | €456,088 | €445,661 | ▼ 2.3% |
| Non-distributable reserves130/1 | - | €3,161 | €3,161 | €3,161 | €3,161 | = |
| Legal reserve130 | - | €3,161 | €3,161 | €3,161 | €3,161 | = |
| Tax-exempt reserves132 | - | €474,849 | €463,888 | €452,927 | €442,500 | ▼ 2.3% |
| Profit (loss) carried forward14 | -€606,408 | -€589,625 | -€435,857 | -€310,973 | -€157,564 | ▲ 49.3% |
| Provisions and deferred taxes16 | €161,002 | €157,349 | €153,695 | €150,042 | €146,566 | ▼ 2.3% |
| Deferred taxes168 | - | €157,349 | €153,695 | €150,042 | €146,566 | ▼ 2.3% |
| Amounts payable17/49 | €1.5m | €2.5m | €2.4m | €2.6m | €2.4m | ▼ 4.9% |
| Amounts payable after more than one year17 | €832,917 | €1.5m | €1.3m | €1.2m | €1.0m | ▼ 14.4% |
| Financial debts170/4 | - | €1.5m | €1.3m | €1.2m | €1.0m | ▼ 14.4% |
| Amounts payable within one year42/48 | €699,645 | €970,799 | €1.1m | €1.4m | €1.4m | ▲ 3.1% |
| Current portion of amounts payable after more than one year42 | - | €158,004 | €161,768 | €165,636 | €169,613 | ▲ 2.4% |
| Trade debts44 | €5,000 | €11,090 | €7,553 | €11,093 | €15,943 | ▲ 43.7% |
| Suppliers440/4 | - | €11,090 | €7,553 | €11,093 | €15,943 | ▲ 43.7% |
| Taxes, remuneration and social security45 | - | €1,943 | - | - | €18 | - |
| Taxes450/3 | - | €1,943 | - | - | €18 | - |
| Other amounts payable47/48 | - | €799,763 | €898,763 | €1.2m | €1.3m | ▲ 2.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,901 | €5,823 | €142,807 | €113,924 | €142,982 | ▲ 25.5% |
| + Depreciation and write-downs630 | €113,797 | €88,264 | €84,753 | €46,166 | €45,030 | ▼ 2.5% |
| Operating cash flow (approximation) | €111,896 | €94,087 | €227,560 | €160,089 | €188,012 | ▲ 17.4% |
| Investment in fixed assets (approximation) | - | -€1.0m | -€101,630 | -€246,000 | -€50,331 | ▲ 79.5% |
| Change in cash | - | -€18,860 | €77,372 | -€16,645 | €23,612 | ▲ 242% |
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
2025
04-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €142,982 ▲25.5%
Net result €142,982, the highest in the series.
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200,000Eq €207,115 ▲122%
3 profitable years in a row build equity to €207,115.
26-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €5,823
Net result €5,823 after 3 loss-making years.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Weakest financial yearnet -€50,787
Net result drops to -€50,787, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 13 acts read
About the unread acts
We know of 13 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
13 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, Oostkamp · 1 establishment unit since 1986
Ground area
10.4 ha
Building footprint
443 m²
Volume, LiDAR
5,797 m³
Parcel 31403F0109/00G000, Flanders · tallest building 19.8 m, ±5 floors. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
Callant Financiële Planning
since 19862.151.537.402
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31403F0109/00G000 | Flanders | 10.4 ha | 1 · 443 m² | 19.8 m · 5 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
100%
According to the 2024 annual accounts of CFA Immo and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 288 EUR awarded · 288 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 288 EUR | 288 EUR |
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,590. 37,223 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-06-1986
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
68110Buying and selling of own real estate
68310Real estate agency activities
68321Property management for co-owned buildings (syndics)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0429196294
Also
9925:BE0429196294
Registered
27-11-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.