CFL Construct
ActiveSummary
The computed 12-month bankruptcy probability of CFL Construct is 4.6% (elevated). For CFL Construct, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €9,968 and a net result of -€9,852. Equity is shrinking by ~20.5% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 31% of 33672 sector peers (fiscal year 2023). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability2▼-58
Solvency54▼-32
Growth55▼-13
Track record94
Bankruptcy probability, 12 months
4.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk
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 2023Solvency, return and age of the figures
Solvency
28.7%
Return on assets
-28.4%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 3 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline26-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 31-10-2024, 92 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
92 d late
2022
60 d late
2021
325 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 159 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Turnover
€260,235▲ 9.4%
2022 · €237,966
EBIT margin
-3.3%▼ 5.0pp
2022 · 1.7%
Net result
-€9,852
2022 · €2,913
Working capital
€7,310▼ 62.6%
2022 · €19,521
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
Line202120222023
Turnover€117,227-€237,966▲ 103%€260,235▲ 9.4%
Operating result€17,883-€4,060▼ 77.3%-€8,513
Net result€13,908-€2,913▼ 79.1%-€9,852
EBIT margin15.3%-1.7%▼ 13.5pp-3.3%▼ 5.0pp
Equity€16,908-€19,821▲ 17.2%€9,968▼ 49.7%
Total assets€38,292-€32,510▼ 15.1%€34,699▲ 6.7%
Debt€21,385-€12,690▼ 40.7%€24,731▲ 94.9%
Working capital€16,608-€19,521▲ 17.5%€7,310▼ 62.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €8,513 after €4,060 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €34,699
Fixed assets
€2,659 ▲ 786%
Current assets
€32,040 ▼ 0.5%
Equity and liabilities €34,699
Equity
€9,968 ▼ 49.7%
Debt
€24,731 ▲ 94.9%
Debt's share of the balance-sheet total rises from 39.0% to 71.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€8,273
Cash flow
-€9,612
Current ratio
1.30▼
2022 · 2.54
Debt to equity
2.48▲
2022 · 0.64
ROE
-98.8%▼
2022 · 14.7%
ROA
-28.4%▼
2022 · 9.0%
Interest coverage
-5.79
Debt ≤ 1 year
€24,731▲
2022 · €12,690
Staff costs
€5,591▼
2022 · €10,167
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Turnover70 | €117,227 | €237,966 | €260,235 | ▲ 9.4% |
| Goods, raw materials, services and sundry goods60/61 | €99,287 | €221,512 | €262,141 | ▲ 18.3% |
| Remuneration, social security and pensions62 | - | €10,167 | €5,591 | ▼ 45.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | €240 | - |
| Other operating charges640/8 | €58 | €2,227 | €777 | ▼ 65.1% |
| Gross operating margin9900 | €17,941 | €16,454 | -€1,906 | ▼ 112% |
| Operating profit (loss)9901 | €17,883 | €4,060 | -€8,513 | ▼ 310% |
| Financial income75/76B | - | €2 | €90 | ▲ 4,588% |
| Recurring financial income75 | - | €2 | €90 | ▲ 4,588% |
| Financial charges65/66B | €36 | €174 | €1,429 | ▲ 720% |
| Recurring financial charges65 | €36 | €174 | €1,429 | ▲ 720% |
| Profit (loss) for the period before taxes9903 | €17,847 | €3,887 | -€9,852 | ▼ 353% |
| Income taxes67/77 | €3,939 | €974 | - | - |
| Profit (loss) for the period9904 | €13,908 | €2,913 | -€9,852 | ▼ 438% |
| Profit (loss) for the period to be appropriated9905 | €13,908 | €2,913 | -€9,852 | ▼ 438% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €38,292 | €32,510 | €34,699 | ▲ 6.7% |
| Fixed assets21/28 | €300 | €300 | €2,659 | ▲ 786% |
| Tangible fixed assets22/27 | - | - | €2,659 | - |
| Plant, machinery and equipment23 | - | - | €2,659 | - |
| Financial fixed assets28 | €300 | €300 | - | - |
| Current assets29/58 | €37,992 | €32,210 | €32,040 | ▼ 0.5% |
| Amounts receivable within one year40/41 | €27,785 | €17,571 | €25,559 | ▲ 45.5% |
| Trade receivables40 | €23,005 | €15,933 | €22,062 | ▲ 38.5% |
| Other amounts receivable41 | €4,780 | €1,638 | €3,497 | ▲ 114% |
| Cash at bank and in hand54/58 | €10,207 | €14,640 | €6,481 | ▼ 55.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €38,292 | €32,510 | €34,699 | ▲ 6.7% |
| Equity10/15 | €16,908 | €19,821 | €9,968 | ▼ 49.7% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €13,908 | €16,821 | €6,968 | ▼ 58.6% |
| Amounts payable17/49 | €21,385 | €12,690 | €24,731 | ▲ 94.9% |
| Amounts payable within one year42/48 | €21,385 | €12,690 | €24,731 | ▲ 94.9% |
| Trade debts44 | €15,724 | €6,983 | €11,756 | ▲ 68.4% |
| Suppliers440/4 | €15,724 | €6,983 | €11,756 | ▲ 68.4% |
| Taxes, remuneration and social security45 | €3,939 | €5,579 | €12,351 | ▲ 121% |
| Taxes450/3 | €3,939 | €5,579 | €4,351 | ▼ 22.0% |
| Remuneration and social security454/9 | - | - | €8,000 | - |
| Other amounts payable47/48 | €1,722 | €128 | €624 | ▲ 388% |
| Line | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,908 | €2,913 | -€9,852 | ▼ 438% |
| + Depreciation and write-downs630 | - | - | €240 | - |
| Operating cash flow (approximation) | €13,908 | €2,913 | -€9,612 | ▼ 430% |
| Investment in fixed assets (approximation) | - | €0 | -€2,599 | - |
| Change in cash | - | €4,432 | -€8,158 | ▼ 284% |
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
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Weakest financial yearnet -€9,852
Net result drops to -€9,852, the lowest in the series.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 60 days late
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 325 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Vilvoorde
Ground area
201 m²
Building footprint
91 m²
Volume, LiDAR
487 m³
Parcel 23088A0170/00C023, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23088A0170/00C023 | Flanders | 201 m² | 1 · 91 m² | 9.3 m · 2 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.
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Of 15,521 companies in sector 43990 we hold annual accounts for 7,416. 4,040 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
Founded14-06-2021
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.