CFE CONTRACTING
ActiveSummary
CFE CONTRACTING has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €80.0m and a net result of €12.7m. Equity is shrinking by ~14.4% per year across the filed fiscal years. Its solvency ranks better than 23% of 3221 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
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Signals
This company filed its last 7 accounts on average 85 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 (2)
History
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Financials · fiscal year 2025, full schema
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Peer companies
Historical observationOf the 171 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 98% are still going.
- Large
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 171 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Operating income70/76A | €13.5m | €597,236 | €74,826 | €42,936 | ▼ 42.6% |
| Other operating income74 | €13.5m | €597,236 | €74,826 | €42,936 | ▼ 42.6% |
| Non-recurring operating income76A | €1,493 | - | - | - | - |
| Operating charges60/66A | €13.4m | €483,153 | €60,184 | €19,279 | ▼ 68.0% |
| Services and other goods61 | €10.4m | €811,355 | €29,094 | €39,279 | ▲ 35.0% |
| Remuneration, social security and pensions62 | €3.0m | €19,747 | €1,611 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | -€347,948 | - | -€20,000 | - |
| Other operating charges640/8 | €31,855 | - | €10,328 | - | - |
| Non-recurring operating charges66A | - | - | €19,152 | - | - |
| Operating profit (loss)9901 | €105,564 | €114,082 | €14,641 | €23,657 | ▲ 61.6% |
| Financial income75/76B | €17.2m | €14.0m | €13.9m | €23.4m | ▲ 68.0% |
| Recurring financial income75 | €17.2m | €8.6m | €13.6m | €22.9m | ▲ 68.4% |
| Income from financial fixed assets750 | €15.9m | €5.3m | €9.4m | €19.6m | ▲ 110% |
| Income from current assets751 | €1.3m | €3.3m | €4.2m | €3.3m | ▼ 21.4% |
| Other financial income752/9 | - | - | €46,766 | €0 | ▼ 100% |
| Non-recurring financial income76B | - | €5.3m | €322,205 | €483,922 | ▲ 50.2% |
| Financial charges65/66B | €8.5m | €29.3m | €29.6m | €10.7m | ▼ 63.7% |
| Recurring financial charges65 | €6.5m | €7.9m | -€1.5m | €5.7m | ▲ 469% |
| Debt charges650 | €269,633 | €3.8m | €6.0m | €4.4m | ▼ 26.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | €6.0m | €4.0m | -€7.6m | €1.2m | ▲ 116% |
| Other financial charges652/9 | €230,457 | €108,354 | €28,237 | €75,506 | ▲ 167% |
| Non-recurring financial charges66B | €2.0m | €21.4m | €31.1m | €5.0m | ▼ 83.9% |
| Profit (loss) for the period before taxes9903 | €8.8m | -€15.2m | -€15.6m | €12.7m | ▲ 181% |
| Income taxes67/77 | €5,357 | €6,933 | - | - | - |
| Taxes670/3 | €5,357 | €6,933 | - | - | - |
| Profit (loss) for the period9904 | €8.8m | -€15.2m | -€15.6m | €12.7m | ▲ 181% |
| Profit (loss) for the period to be appropriated9905 | €8.8m | -€15.2m | -€15.6m | €12.7m | ▲ 181% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €294.6m | €289.3m | €337.8m | €369.2m | ▲ 9.3% |
| Fixed assets21/28 | €183.3m | €187.6m | €176.5m | €176.4m | ▼ 0.1% |
| Financial fixed assets28 | €183.3m | €187.6m | €176.5m | €176.4m | ▼ 0.1% |
| Affiliated companies280/1 | €183.3m | €184.4m | €174.2m | €174.2m | = |
| Participating interests280 | €178.1m | €180.4m | €174.2m | €174.2m | = |
| Amounts receivable281 | €5.2m | €4.0m | €0 | €0 | - |
| Companies linked by participating interests282/3 | €7,318 | €3.2m | €2.3m | €2.2m | ▼ 6.3% |
| Participating interests282 | €7,318 | €7,318 | €7,318 | €7,318 | = |
| Amounts receivable283 | - | €3.2m | €2.3m | €2.2m | ▼ 6.3% |
| Current assets29/58 | €111.3m | €101.6m | €161.3m | €192.8m | ▲ 19.6% |
| Amounts receivable within one year40/41 | €110.4m | €100.8m | €160.2m | €191.5m | ▲ 19.6% |
| Trade receivables40 | €4.1m | €73,541 | €5,219 | €39,217 | ▲ 651% |
| Other amounts receivable41 | €106.3m | €100.7m | €160.2m | €191.5m | ▲ 19.6% |
| Deferred charges and accrued income490/1 | €913,399 | €865,610 | €1.1m | €1.3m | ▲ 16.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €294.6m | €289.3m | €337.8m | €369.2m | ▲ 9.3% |
| Equity10/15 | €110.1m | €94.9m | €79.3m | €80.0m | ▲ 0.8% |
| Contributions10/11 | €100.0m | €100.0m | €100.0m | €72.5m | ▼ 27.5% |
| Capital10 | €100.0m | €100.0m | €100.0m | €72.5m | ▼ 27.5% |
| Issued capital100 | €100.0m | €100.0m | €100.0m | €72.5m | ▼ 27.5% |
| Reserves13 | €7.1m | €7.1m | €7.1m | €7.1m | = |
| Non-distributable reserves130/1 | €7.1m | €7.1m | €7.1m | €7.1m | = |
| Legal reserve130 | €7.1m | €7.1m | €7.1m | €7.1m | = |
| Profit (loss) carried forward14 | €3.0m | -€12.2m | -€27.8m | €398,189 | ▲ 101% |
| Provisions and deferred taxes16 | €367,948 | €20,000 | €20,000 | €0 | ▼ 100% |
| Provisions for liabilities and charges160/5 | €367,948 | €20,000 | €20,000 | €0 | ▼ 100% |
| Pensions and similar obligations160 | €39,845 | - | - | - | - |
| Other liabilities and charges164/5 | €328,103 | €20,000 | €20,000 | €0 | ▼ 100% |
| Amounts payable17/49 | €184.1m | €194.3m | €258.4m | €289.2m | ▲ 11.9% |
| Amounts payable after more than one year17 | €873,202 | €908,480 | €926,649 | €661,628 | ▼ 28.6% |
| Other amounts payable178/9 | €873,202 | €908,480 | €926,649 | €661,628 | ▼ 28.6% |
| Amounts payable within one year42/48 | €182.8m | €192.1m | €256.0m | €287.2m | ▲ 12.2% |
| Financial debts43 | €944 | €370 | - | - | - |
| Credit institutions430/8 | €944 | €370 | - | - | - |
| Trade debts44 | €3.0m | €34,208 | €13,492 | €18,549 | ▲ 37.5% |
| Suppliers440/4 | €3.0m | €34,208 | €13,492 | €18,549 | ▲ 37.5% |
| Taxes, remuneration and social security45 | €205,569 | - | - | €880 | - |
| Taxes450/3 | €7,857 | - | - | €880 | - |
| Remuneration and social security454/9 | €197,713 | - | - | - | - |
| Other amounts payable47/48 | €179.6m | €192.1m | €256.0m | €287.2m | ▲ 12.2% |
| Accrued charges and deferred income492/3 | €414,507 | €1.3m | €1.5m | €1.4m | ▼ 10.5% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8.8m | -€15.2m | -€15.6m | €12.7m | ▲ 181% |
| Operating cash flow (approximation) | €8.8m | -€15.2m | -€15.6m | €12.7m | ▲ 181% |
| Investment in fixed assets (approximation) | - | -€4.3m | €11.1m | €144,790 | ▼ 98.7% |
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
24-09
State Gazette act
Board meeting · Power of attorney5 facts ▸
- Board meeting, 11-08-2026
- Power of attorney, Anne Dooremont
- Power of attorney, Christophe Wathion
- Power of attorney, Philippine De Wolf
- Power of attorney
About the unread acts
Of the 45 Belgian State Gazette acts we know for this company, 1 has been read. The other 44 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
1 establishment unit
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0498/00B000 | Brussels | 5,641 m² | 1 · 1,517 m² | 25.8 m · 5 fl. |
| 21332B0424/00D008 | Brussels | 5,192 m² | 1 · 2,419 m² | 27.6 m · 7 fl. |
Linked by address, not proof of ownership
Articles of association
Full text
1. Délégation de pouvoirs การ ooTem stennSeTisbesM Le conseil d'administration décide à l'unanimité de supprimer la délégation de pouvoirs établie par le conseil d'administration en date du 3 mai 2021, publiée aux annexes du Moniteur belge en date du 28 mai 2021 sous la référence 21063295. La révocation de la délégation des pouvoirs prend effet à compter de la date du présent procès-verbal Dès lors, seuls les statuts de la Société sont d'application en ce qui concerne la représentation de la Société, et plus particulièrement l'article 15 desdits statuts. La Société est donc représentée dans tous les actes judiciaires et extrajudiciaires: -soit pär deux administrateurs agissant conjointement: -soit par un administrateur agissant conjointement avec un délégué à la gestion journalière.
Structure & network
Owners and holdings
1 owner · 22 holdings · 28 subsidiaries in the treeChain of control
- ACKERMANS & VAN HAAREN
- AANNEMINGSMAATSCHAPPIJ CFE
- CFE CONTRACTING
Highest known parent: ACKERMANS & VAN HAAREN. The sources do not say who stands above it.
Owners 1
- 100%
Holdings 22
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
- COMPAGNIE LUXEMBOURGEOISE D'ENTREPRISES CLELUsubsidiarySourceown accounts 2025Equity €10.7mResult €1.2m100%
- Design & EngineeringsubsidiaryEquity €32,693Result -€4,532100%
-
100%
-
100%
Show 12 more holdings
-
100%
- Mobix EngetecsubsidiaryEquity -€2.9mResult -€3.5m100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
100%
- CFE POLSKA SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄPLsubsidiarySourceLEI registerconsolidated
- VMA NIZETsubsidiarySourceLEI registerconsolidated
-
11.9%
-
1%
Stated earlier (3)
An older source named these holdings; newer accounts no longer list them.
- Sourceaccounts Pulse 2024100%
-
100%
-
100%
All subsidiaries, including indirect ones 28
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- BENELMAT 100%
- BPC Group 100%
- Brantegem 100%
- Bâtiments et Ponts Construction 100%
- CFE BAUDE 100%
- CFE POLSKAPL 100%
- COMPAGNIE LUXEMBOURGEOISE D'ENTREPRISES CLELU 100%
- Design & Engineering 100%
GROEP TERRYN 100%3 subsidiaries
- Groep Terryn Construct 100%
- LAMCOL 100%
- Laminated Timber Solutions 100%
- MBG 100%
- MOBIX 100%
- Mobix Engetec 100%
- TERRYN TIMBER PRODUCTS 100%
V.M.A. 100%2 subsidiaries
- VMA MIDLANDS LTDGB 100%
- VMA POLSKA SPOLKA Z.O.O.PL 99%
Van Laere 100%2 subsidiaries
- VMA be.Maintenance 100%
- VMA SUD 100%
WOOD SHAPERS 100%1 subsidiary
- WOOD SHAPERS LUXEMBOURGLU 100%
- CFE POLSKA SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄPL consolidated
- VMA NIZET consolidated
According to the 2025 annual accounts of CFE CONTRACTING 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.
Recognitions · licences · registrations
Legal Entity Identifier
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.