CFD
ActiveSummary
The computed 12-month bankruptcy probability of CFD is 3.6% (moderate). The 2024 annual accounts show negative equity (-€42,621) and a net result of -€31,576. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 9% of 9976 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-29
Solvency5▼-15
Growth22▼-1
Track record100
Bankruptcy probability, 12 months
3.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.53 against 0.63 in 2023; short-term debt: 76.1% and cash: 0.5% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-19.9%
Return on assets
-14.7%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
192021222324
2019 to 2024 · latest year -€42,621
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
31 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
129 d 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 47 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
Turnover
€143,738▼ 52.1%
2023 · €300,224
EBIT margin
-24.5%▼ 22.2pp
2023 · -2.3%
Net result
-€31,576▼ 251%
2023 · -€9,008
Working capital
-€76,175▼ 79.9%
2023 · -€42,345
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
Turnover€760,612▲ 77.3%€768,315▲ 1.0%€768,315=€300,224▼ 60.9%€143,738▼ 52.1%
Operating result€20,267▲ 77.0%-€9,582-€9,582=-€6,842▲ 28.6%-€35,201▼ 414%
Net result€12,225▲ 47.0%-€11,310-€11,310=-€9,008▲ 20.4%-€31,576▼ 251%
EBIT margin2.7%=-1.2%▼ 3.9pp-1.2%=-2.3%▼ 1.0pp-24.5%▼ 22.2pp
Equity€32,943▲ 59.0%€21,632▼ 34.3%€21,632=-€11,045-€42,621▼ 286%
Total assets€172,043▲ 6.9%€96,587▼ 43.9%€96,587=€206,654▲ 114%€214,235▲ 3.7%
Debt€139,100▼ 0.8%€74,955▼ 46.1%€74,955=€217,699▲ 190%€256,856▲ 18.0%
Working capital€24,042▲ 4.5%-€19,431-€19,431=-€42,345▼ 118%-€76,175▼ 79.9%
Staff (FTE)11=
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €35,201 in 2024 against €6,842 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €214,235
Fixed assets
€127,473 ▼ 4.2%
Current assets
€86,762 ▲ 18.0%
Key figures and ratios
EBITDA
-€23,531▼
2023 · €4,325
Cash flow
-€19,906▼
2023 · €2,159
Solvency
-19.9%▼
2023 · -5.3%
Current ratio
0.53▼
2023 · 0.63
Debt to equity
-6.03▲
2023 · -19.71
ROA
-14.7%▼
2023 · -4.4%
Interest coverage
-8.67▼
2023 · 1.99
Debt ≤ 1 year
€162,937▲
2023 · €115,881
Debt > 1 year
€87,100▼
2023 · €95,000
Income taxes
-€6,000
Staff costs
€29,620▼
2023 · €69,747
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €760,612 | €768,315 | €768,315 | €300,224 | €143,738 | ▼ 52.1% |
| Non-recurring operating income76A | - | €18,905 | €18,905 | €36,288 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €727,962 | €727,962 | €261,914 | €136,777 | ▼ 47.8% |
| Remuneration, social security and pensions62 | - | €55,858 | €55,858 | €69,747 | €29,620 | ▼ 57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,025 | €4,186 | €4,186 | €11,167 | €11,670 | ▲ 4.5% |
| Other operating charges640/8 | - | €7,890 | €7,890 | €526 | €871 | ▲ 65.6% |
| Non-recurring operating charges66A | - | €906 | €906 | €0 | - | - |
| Gross operating margin9900 | €82,194 | €59,258 | €59,258 | €74,598 | €6,960 | ▼ 90.7% |
| Operating profit (loss)9901 | €20,267 | -€9,582 | -€9,582 | -€6,842 | -€35,201 | ▼ 414% |
| Financial income75/76B | - | €7 | €7 | €5 | €339 | ▲ 6,680% |
| Recurring financial income75 | - | €7 | €7 | €5 | €339 | ▲ 6,680% |
| Financial charges65/66B | - | €1,735 | €1,735 | €2,171 | €2,714 | ▲ 25.0% |
| Recurring financial charges65 | €542 | €1,735 | €1,735 | €2,171 | €2,714 | ▲ 25.0% |
| Profit (loss) for the period before taxes9903 | €19,725 | -€11,310 | -€11,310 | -€9,008 | -€37,576 | ▼ 317% |
| Income taxes67/77 | €7,500 | - | - | - | -€6,000 | - |
| Profit (loss) for the period9904 | €12,225 | -€11,310 | -€11,310 | -€9,008 | -€31,576 | ▼ 251% |
| Profit (loss) for the period to be appropriated9905 | €12,225 | -€11,310 | -€11,310 | -€9,008 | -€31,576 | ▼ 251% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €172,043 | €96,587 | €96,587 | €206,654 | €214,235 | ▲ 3.7% |
| Fixed assets21/28 | €22,156 | €46,965 | €46,965 | €133,118 | €127,473 | ▼ 4.2% |
| Tangible fixed assets22/27 | €21,981 | €46,790 | €46,790 | €122,943 | €111,298 | ▼ 9.5% |
| Land and buildings22 | - | €43,141 | €43,141 | €121,077 | €110,299 | ▼ 8.9% |
| Plant, machinery and equipment23 | - | €3,274 | €3,274 | €1,866 | €976 | ▼ 47.7% |
| Furniture and vehicles24 | - | €375 | €375 | €0 | €23 | - |
| Financial fixed assets28 | €175 | €175 | €175 | €10,175 | €16,175 | ▲ 59.0% |
| Current assets29/58 | €149,887 | €49,622 | €49,622 | €73,536 | €86,762 | ▲ 18.0% |
| Amounts receivable within one year40/41 | €149,156 | €46,060 | €46,060 | €65,034 | €85,722 | ▲ 31.8% |
| Trade receivables40 | - | €17,103 | €17,103 | €63,534 | €84,047 | ▲ 32.3% |
| Other amounts receivable41 | - | €28,957 | €28,957 | €1,500 | €1,675 | ▲ 11.7% |
| Cash at bank and in hand54/58 | - | €2,840 | €2,840 | €5,186 | €1,040 | ▼ 79.9% |
| Deferred charges and accrued income490/1 | - | €722 | €722 | €3,316 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €172,043 | €96,587 | €96,587 | €206,654 | €214,235 | ▲ 3.7% |
| Equity10/15 | €32,943 | €21,632 | €21,632 | -€11,045 | -€42,621 | ▼ 286% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Capital10 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Issued capital100 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Uncalled capital101 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,600 | €1,600 | €1,600 | €1,600 | €1,600 | = |
| Non-distributable reserves130/1 | - | €1,600 | €1,600 | €1,600 | €1,600 | = |
| Legal reserve130 | - | €1,600 | €1,600 | €1,600 | €1,600 | = |
| Profit (loss) carried forward14 | €18,943 | €7,632 | €7,632 | -€25,045 | -€56,621 | ▼ 126% |
| Amounts payable17/49 | €139,100 | €74,955 | €74,955 | €217,699 | €256,856 | ▲ 18.0% |
| Amounts payable after more than one year17 | €12,038 | €5,757 | €5,757 | €95,000 | €87,100 | ▼ 8.3% |
| Financial debts170/4 | - | €5,757 | €5,757 | €95,000 | €87,100 | ▼ 8.3% |
| Amounts payable within one year42/48 | €125,845 | €69,053 | €69,053 | €115,881 | €162,937 | ▲ 40.6% |
| Current portion of amounts payable after more than one year42 | - | €8,738 | €8,738 | €503 | €2,526 | ▲ 402% |
| Financial debts43 | - | €23,500 | €23,500 | €23,500 | €23,500 | = |
| Credit institutions430/8 | - | €23,500 | €23,500 | €23,500 | €23,500 | = |
| Trade debts44 | €71,240 | €34,401 | €34,401 | €49,732 | €63,748 | ▲ 28.2% |
| Suppliers440/4 | - | €34,401 | €34,401 | €49,732 | €63,748 | ▲ 28.2% |
| Taxes, remuneration and social security45 | - | €2,414 | €2,414 | €2,626 | €232 | ▼ 91.2% |
| Taxes450/3 | - | €323 | €323 | €781 | €232 | ▼ 70.3% |
| Remuneration and social security454/9 | - | €2,091 | €2,091 | €1,845 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €0 | €0 | €39,520 | €72,931 | ▲ 84.5% |
| Accrued charges and deferred income492/3 | - | €145 | €145 | €6,818 | €6,819 | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,225 | -€11,310 | -€11,310 | -€9,008 | -€31,576 | ▼ 251% |
| + Depreciation and write-downs630 | €6,025 | €4,186 | €4,186 | €11,167 | €11,670 | ▲ 4.5% |
| Operating cash flow (approximation) | €18,250 | -€7,124 | -€7,124 | €2,159 | -€19,906 | ▼ 1,022% |
| Investment in fixed assets (approximation) | - | -€28,995 | -€4,186 | -€97,320 | -€6,025 | ▲ 93.8% |
| Change in cash | - | - | €0 | €2,346 | -€4,146 | ▼ 277% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet -€31,576
Net result drops to -€31,576, the lowest in the series.
12-12
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2019net €12,225 ▲47%
Operating result €20,267, net result €12,225, both a record.
07-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 129 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State 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.
Directors · office · real estate
Directors
2 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, Erquelinnes · 1 establishment unit since 2019
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.
De Bersillies 126560 ErquelinnesGround area
896 m²
Building footprint
117 m²
Volume, LiDAR
954 m³
Parcel 56031B0248/00B000, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CF Design
since 20192.288.689.858
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56031B0248/00B000 | Wallonia | 896 m² | 1 · 117 m² | 10.3 m · 3 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.
Similar companies · same sector, comparable size
METAMORPHOSE
BE 0471.449.593
Elsene · Eq €21,631
TIB CONSTRUCT
BE 0789.818.045
Watermaal-Bosvoorde · Eq €21,617
VSE GROUPE
BE 1002.029.992
Grimbergen · Eq €21,610
VIO PROJECTS
BE 0650.830.507
Boom · Eq €21,609
XS GROUP
BE 0781.840.982
Gent · Eq €21,598
Of 29,787 companies in sector 41001 we hold annual accounts for 16,037. 11,736 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
43110Demolition
43211General electrical installation work
43221Plumbing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43240Other construction installation
43310Plastering work
43320Joinery installation
43331Floor and wall tiling
68201Renting and operating of own or leased residential real estate, excluding social housing
71112Activities of interior architects
Contact
E-mail
cfb.design1@gmail.comErquelinnes
Phone
0471382823Erquelinnes
Scores and ratios are computed by Checked and are not a credit decision.