CFJML
ActiveSummary
The computed 12-month bankruptcy probability of CFJML is 1.9% (moderate). The 2025 annual accounts show equity of €107,884 and a net result of -€4,846. Equity has been growing by about 12% per year since 2022. Its solvency ranks better than 25% of 10,818 sector peers (NACE 70, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-12-2021 Normal situation
- Activity
- Activities of head offices NACE 70100and 3 others
- Establishment unit
- 2.325.198.084 4000 Liège, since 01-01-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 03-01-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.9%
- Gross margin
- €132,878
- ▲ 38.2%
- Turnover
- ≈ €220,000
- estimated
- Loss
- €4,846
- Equity
- €107,884
- ▼ 4.3%
- Total assets
- €471,691
- ▲ 46.4%
- Employees on 31-12-2025
- 4
Score breakdownraises riskFounded in 20211 change of registered office in 24 monthsSize: 2.8 FTE, total assets €471,691lowers riskFigures for financial year 2025 (filed on 09-07-2026)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
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 47, micro). It does better than 39% of them on solvency, 27% on liquidity, 48% on profitability and 32% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 4 accounts on average 9 days after the deadline. In the sector (NACE 70), the median for financial year 2024 was 9 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 09-07-2026 at the NBB all 4 filings
Every figure per financial year
The operating result for 2025 is 26% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Staff
| Item | 31-12-2025 |
|---|---|
| Employees at the balance-sheet date | 4 |
| full-time | 2 |
| part-time | 2 |
| in full-time equivalents | 2.8 |
| Average over the year, in full-time equivalents | 2.8 |
| On a permanent contract | 3 |
| Joined | 3 |
| Left | 2 |
Source: social balance sheet in the 2025 annual accounts
Investments
| Item | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Tangible fixed assets | €34,006 | €6,593 | €15,161 | €116,256 |
| Intangible fixed assets | €57,985 | €0 | - | - |
| Financial fixed assets | €1,600 | - | - | €7,800 |
| Depreciation and write-downs of the year | €10,524 | €17,526 | €8,162 | €17,405 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €24,215 | €65,481 | €80,143 | €107,132 | ▲ 33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,524 | €17,526 | €8,162 | €17,405 | ▲ 113% |
| Other operating charges640/8 | €754 | €513 | €601 | €400 | ▼ 33.4% |
| Non-recurring operating charges66A | - | - | - | €2,575 | - |
| Gross operating margin9900 | €59,235 | €210,105 | €96,141 | €132,878 | ▲ 38.2% |
| Operating profit (loss)9901 | €23,742 | €126,585 | €7,235 | €5,366 | ▼ 25.8% |
| Financial income75/76B | €750 | €3 | €73 | €0 | ▼ 100% |
| Recurring financial income75 | €750 | €3 | €73 | €0 | ▼ 100% |
| Non-recurring financial income76B | €750 | - | - | - | - |
| Financial charges65/66B | €7,353 | €13,624 | €8,400 | €2,840 | ▼ 66.2% |
| Recurring financial charges65 | €7,353 | €13,624 | €8,400 | €2,840 | ▼ 66.2% |
| Profit (loss) for the period before taxes9903 | €17,139 | €112,964 | -€1,092 | €2,526 | - |
| Income taxes67/77 | €5,325 | €32,170 | -€1,213 | €7,372 | - |
| Profit (loss) for the period9904 | €11,814 | €80,794 | €121 | -€4,846 | - |
| Profit (loss) for the period to be appropriated9905 | €11,814 | €80,794 | €121 | -€4,846 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €148,713 | €245,780 | €322,193 | €471,691 | ▲ 46.4% |
| Fixed assets21/28 | €83,067 | €72,134 | €79,134 | €183,206 | ▲ 132% |
| Intangible fixed assets21 | €51,704 | €43,007 | €40,107 | €34,791 | ▼ 13.3% |
| Tangible fixed assets22/27 | €29,763 | €27,527 | €37,427 | €139,015 | ▲ 271% |
| Land and buildings22 | €9,282 | €7,754 | €7,244 | €87,921 | ▲ 12× |
| Plant, machinery and equipment23 | €3,104 | €4,388 | €17,989 | €51,094 | ▲ 184% |
| Furniture and vehicles24 | €17,377 | €15,386 | €12,194 | €0 | ▼ 100% |
| Financial fixed assets28 | €1,600 | €1,600 | €1,600 | €9,400 | ▲ 488% |
| Current assets29/58 | €65,646 | €173,646 | €243,059 | €288,485 | ▲ 18.7% |
| Stocks and contracts in progress3 | €27,565 | €121,162 | €196,445 | €203,917 | ▲ 3.8% |
| Stocks30/36 | €27,565 | €121,162 | €196,445 | €203,917 | ▲ 3.8% |
| Amounts receivable within one year40/41 | €0 | €11,478 | €22,264 | €37,341 | ▲ 67.7% |
| Trade receivables40 | - | €0 | €18,850 | €37,341 | ▲ 98.1% |
| Other amounts receivable41 | €0 | €11,478 | €3,414 | - | - |
| Cash at bank and in hand54/58 | €37,081 | €39,112 | €18,668 | €42,568 | ▲ 128% |
| Deferred charges and accrued income490/1 | €1,000 | €1,895 | €5,682 | €4,659 | ▼ 18.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €148,713 | €245,780 | €322,193 | €471,691 | ▲ 46.4% |
| Equity10/15 | €31,814 | €112,609 | €112,730 | €107,884 | ▼ 4.3% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Reserves13 | - | - | - | €80,000 | - |
| Distributable reserves133 | - | - | - | €80,000 | - |
| Profit (loss) carried forward14 | €11,814 | €92,609 | €92,730 | €7,884 | ▼ 91.5% |
| Amounts payable17/49 | €116,899 | €133,171 | €209,463 | €363,807 | ▲ 73.7% |
| Amounts payable after more than one year17 | €55,780 | €37,829 | €43,763 | €81,351 | ▲ 85.9% |
| Financial debts170/4 | €55,780 | €37,829 | €43,763 | €81,351 | ▲ 85.9% |
| Amounts payable within one year42/48 | €61,119 | €95,342 | €165,700 | €282,456 | ▲ 70.5% |
| Current portion of amounts payable after more than one year42 | €17,698 | €19,252 | €29,402 | €38,737 | ▲ 31.7% |
| Trade debts44 | €6,627 | €19,257 | €80,470 | €191,525 | ▲ 138% |
| Suppliers440/4 | €6,627 | €13,138 | €80,470 | €191,525 | ▲ 138% |
| Bills of exchange payable441 | - | €6,119 | - | - | - |
| Taxes, remuneration and social security45 | €23,999 | €56,833 | €55,828 | €46,919 | ▼ 16.0% |
| Taxes450/3 | €19,415 | €48,455 | €42,446 | €27,129 | ▼ 36.1% |
| Remuneration and social security454/9 | €4,584 | €8,378 | €13,382 | €19,790 | ▲ 47.9% |
| Other amounts payable47/48 | €12,795 | €0 | - | €5,275 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,814 | €80,794 | €121 | -€4,846 | - |
| + Depreciation and write-downs630 | €10,524 | €17,526 | €8,162 | €17,405 | ▲ 113% |
| Operating cash flow (approximation) | €22,338 | €98,321 | €8,283 | €12,559 | ▲ 51.6% |
| Investment in fixed assets (approximation) | - | -€6,593 | -€15,162 | -€121,477 | ▼ 701% |
| Change in cash | - | €2,030 | -€20,444 | €23,900 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,271 companies had the same profile as CFJML has now. Two years later, 93.5% were still going and 4.1% had gone bankrupt.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CFJML itself: 1.9% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,271 companies, not a prediction for CFJML. 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.
Board & ownership
Directors
Owners and capital
Capital transactions
- 17-07-2026 Capital stated in the deed · 400 shares
- 07-07-2026 Capital increase of €15,000 · 300 new shares · in cash
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| FERRANTE Clélia |
|
| LOUIS Jean-Marie Louis |
|
Articles of association
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Plus étendus prévus CSA, unanimité voix exprimées ou représentées”
Articles of association, deed of 17-07-2026 (in French)
Network & group
CFJML shares no director with another company.
Companies at the same address
4 other companiesConnections & network
2 current directorsThe network starts from the directors of CFJML. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
17-07
Gazette deed
Amendment of the articlesCapital3 points ▸
- General meeting, 24-06-2026
- Amendment of the articles
- Capital
07-07
Gazette deed
Registered office moved within LiègeCapital increase of €15,000 · Reappointments: FERRANTE Clélia (director) and LOUIS Jean-Marie Louis (director) · Declaration21 points ▸
- General meeting, 24-06-2026
- Declaration, “statutes unmodified, Les statuts n'ont pas été modifiés à ce jour” (deed in French)
- General meeting, “Dispense de rapports, apport en numéraire et tous les actionnaires présents” (deed in French)
- Declaration, “no immediate payment, aucun versement ne doit encore être effectué sur les actions au moment de la souscription” (deed in French)
- Declaration, “no statutory capital account, Ces apports ne seront pas inscrits sur un compte de capitaux statutairement indisponible” (deed in French)
- Capital contribution, €15,000
- General meeting, “rapport nommé structure organisationnelle annexé à l'acte, Rapport préalable” (deed in French)
- Purpose change
- Amendment of the articles
- Other provision, “convention de management et de trésorerie, conventions approuvées” (deed in French)
- Other provision, “convention de rémunération, conventions approuvées” (deed in French), mentioned 2 times in the deed
- Other provision, “convention réglementée, conventions approuvées” (deed in French)
- The act holds 9 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 202523 activities
- La détention, la gestion, l’administration, la valorisation et l’exploitation de biens immobiliers ou mobiliers, propres ou pris en location, en belgique ou à l’étrangers, à titre patrimonial.
- Dans ce cadre, la société peut notamment :
- • Donner en location ou en sous-location, y compris sous forme de location meublée, tout ou partie de ces biens ;
- • Mettre ces biens à disposition de ses filiales, de tiers ou de ses dirigeants, à des fins professionnelles, corporatives ou résidentielles ;
- • Exploiter ou mettre à disposition une infrastructure d’accueil à vocation professionnelle, corporative ou privée, comprenant des espaces d’hébergement temporaire, de réunion, de séminaire, de formation, de télétravail ou d’évènementiel ;
- Fournir, à titre accessoire, non autonome et indissociable de l’occupation des lieux, des services de support à l’usage professionnel des infrastructures, incluant notamment :
- • l’intendance, l’entretien et la logistique des locaux ;
- • la fourniture de denrées alimentaires, de boissons, de collations, de repas simples non élaborés ou de petits-déjeuners, destinés aux occupants, utilisateurs, collaborateurs, clients ou partenaires, dans le cadre de réunions, séjours professionnels, évènements ou activités internes ;
- • l’organisation matérielle de repas de travail, de séminaires ou d’évènements professionnels, sans exploitation d’un service de restauration commerciale autonome.
- Ces prestations alimentaires constituent des charges accessoires liées à l’exploitation et à la mise à disposition des infrastructures et ne constituent ni une activité de restauration ouverte au public, ni l’exploitation d’un établissement hôtelier ou horeca soumis à un accès à la profession.
- La prise de participation, directe ou indirecte, dans toutes sociétés, entreprises ou groupements, belges ou étrangers, quel que soit leur objet ou leur forme juridique.
- Elle exercera, à ce titre, un rôle de holding animatrice, en assurant pour le compte de ses filiales des prestations de services supports ou spécialisés, notamment dans les domaines suivants :
- • Définition de la stratégie générale, orientation et pilotage du développement ;
- • Support administratif, commercial, marketing, communication, infrastructures partagées ;
- • Création, conception, développement ;
- • Organisation, assurance et contrôle qualité (notamment via le Comité Qualité Interne) ;
- • Gestion des ressources humaines, recrutement, formation continue ;
- • Pilotage financier, gestion de trésorerie et financement des filiales.
- • Ces services seront rendus selon des conventions intragroupe formalisées.
- Lors de la signature de conventions, la société s’interdit de représenter simultanément les deux parties à une même convention lorsqu’elle intervient comme cocontractante. Chaque partie doit être représentée par des personnes distinctes, afin de respecter les exigences d’indépendance et de pleine concurrence ;
- Lorsque la filiale exerce une activité soumise à des obligations professionnelles spécifiques (activité régulée), le mandat exercé par la holding se limite strictement aux fonctions autorisées et exclut toute décision sur des matières soumises à habilitation individuelle.
- Fournir des prestations ponctuelles de conseil, formation ou support méthodologique à des tiers extérieurs au groupe ;
- Percevoir des droits d’exploitation ou de reproduction sur ses référentiels internes, outils ou méthodes.
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62810C1276/00D000 | Wallonia | 251 m² | 1 · 146 m² | 20.0 m · 6 |