CFM
ActiveSummary
CFM has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71.2m and a net result of €2.1m. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 85% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+21
Solvency100=
Growth60▲+9
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity ample (current ratio 4.91 against 4.76 in 2024; short-term debt: 11.1% and cash: 17% of total assets), and 12.4% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.6%
Return on assets
2.6%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-05-2026, 70 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
70 d early
2024
31 d early
2023
24 d early
2022
25 d early
2021
50 d early
2020
on the day
2019
15 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 26 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
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 accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidy mirror How does this company compare with its sector?Sector benchmark
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 2025, full schema
Turnover
€1.1m▼ 30.4%
2024 · €1.6m
EBIT margin
78.4%▲ 78.2pp
2024 · 0.2%
Net result
€2.1m▲ 611%
2024 · €293,274
Working capital
€35.2m▲ 4.0%
2024 · €33.9m
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
Line20212022202320242025
Turnover€1.2m▼ 9.0%€1.3m▲ 4.9%€1.2m▼ 4.2%€1.6m▲ 31.7%€1.1m▼ 30.4%
Operating result€3.0m€90,290▼ 97.0%€130,909▲ 45.0%€3,380▼ 97.4%€892,108▲ 26,290%
Net result€2.2m€229,702▼ 89.3%-€14,133€293,274€2.1m▲ 611%
EBIT margin246.1%▲ 370.6pp7.0%▼ 239.2pp10.6%▲ 3.6pp0.2%▼ 10.3pp78.4%▲ 78.2pp
Equity€68.7m▲ 3.2%€68.9m▲ 0.3%€68.9m=€69.2m▲ 0.4%€71.2m▲ 3.0%
Total assets€72.6m▼ 0.4%€71.5m▼ 1.5%€79.4m▲ 11.0%€79.7m▲ 0.5%€81.3m▲ 2.0%
Debt€3.6m▼ 43.8%€2.3m▼ 36.3%€10.2m▲ 347%€10.3m▲ 1.0%€9.8m▼ 4.6%
Working capital€48.4m▼ 0.4%€33.5m▼ 30.8%€33.9m▲ 1.4%€33.9m▼ 0.2%€35.2m▲ 4.0%
Staff (FTE)2▼ 4.8%1.9▼ 5.0%1.6▼ 15.8%2▲ 25.0%2=
Why a figure moved sharply
- 2025 Net result +611% on 2024. The previous fiscal year ran 16 months, this one 12.
- 2022 Net result -89% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 26,290% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81.3m
Fixed assets
€37.1m ▲ 0.7%
Current assets
€44.2m ▲ 3.1%
Equity and liabilities €81.3m
Equity
€71.2m ▲ 3.0%
Provisions
€251,329 ▼ 7.6%
Debt
€9.8m ▼ 4.6%
Debt's share of the balance-sheet total falls from 12.9% to 12.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.4m▲
2024 · €776,339
Cash flow
€2.6m▲
2024 · €1.1m
Current ratio
4.91▲
2024 · 4.76
Debt to equity
0.14▼
2024 · 0.15
ROE
2.9%▲
2024 · 0.4%
ROA
2.6%▲
2024 · 0.4%
Interest coverage
5.00▲
2024 · 1.58
Debt ≤ 1 year
€9.0m=
2024 · €9.0m
Debt > 1 year
€525,542▼
2024 · €761,721
Income taxes
€99,111▲
2024 · €532
Staff costs
€97,326▼
2024 · €135,591
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% 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 16,986 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €1.5m | €1.5m | €1.9m | €2.3m | ▲ 18.4% |
| Turnover70 | €1.2m | €1.3m | €1.2m | €1.6m | €1.1m | ▼ 30.4% |
| Other operating income74 | - | €35,623 | €29,079 | €88,099 | €30,014 | ▼ 65.9% |
| Non-recurring operating income76A | - | €136,000 | €269,663 | €225,593 | €1.1m | ▲ 405% |
| Operating charges60/66A | - | €1.4m | €1.4m | €1.9m | €1.4m | ▼ 27.2% |
| Goods for resale, raw materials and consumables60 | - | €387,967 | €432,732 | €527,037 | €469,020 | ▼ 11.0% |
| Purchases600/8 | - | €387,967 | €432,732 | €527,037 | €469,020 | ▼ 11.0% |
| Services and other goods61 | - | €264,941 | €224,682 | €464,657 | €290,503 | ▼ 37.5% |
| Remuneration, social security and pensions62 | - | €83,078 | €73,171 | €135,591 | €97,326 | ▼ 28.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €589,416 | €623,529 | €615,929 | €772,959 | €549,963 | ▼ 28.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €36,509 | €357 | ▼ 99.0% |
| Other operating charges640/8 | - | €2,918 | €13,813 | €7,484 | €7,479 | ▼ 0.1% |
| Non-recurring operating charges66A | - | €13,730 | €48,157 | €0 | - | - |
| Operating profit (loss)9901 | €3.0m | €90,290 | €130,909 | €3,380 | €892,108 | ▲ 26,290% |
| Financial income75/76B | - | €952,913 | €644,091 | €2.0m | €1.6m | ▼ 17.3% |
| Recurring financial income75 | €791,320 | €952,913 | €644,091 | €1.6m | €1.6m | ▲ 3.6% |
| Income from financial fixed assets750 | - | €2 | €0 | - | - | - |
| Income from current assets751 | - | €458,993 | €586,000 | €1.3m | €784,684 | ▼ 38.8% |
| Other financial income752/9 | - | €493,918 | €58,091 | €278,444 | €832,054 | ▲ 199% |
| Non-recurring financial income76B | - | - | - | €397,725 | €1,983 | ▼ 99.5% |
| Financial charges65/66B | - | €827,549 | €809,811 | €1.7m | €347,747 | ▼ 79.6% |
| Recurring financial charges65 | €1.3m | €827,549 | €412,086 | €1.3m | €347,747 | ▼ 73.4% |
| Debt charges650 | €136,169 | €131,367 | €97,192 | €490,637 | €288,271 | ▼ 41.2% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | €640,742 | -€169,237 | €64,640 | -€109,158 | ▼ 269% |
| Other financial charges652/9 | - | €55,441 | €484,131 | €751,364 | €168,633 | ▼ 77.6% |
| Non-recurring financial charges66B | - | - | €397,725 | €397,725 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €2.5m | €215,653 | -€34,812 | €257,196 | €2.2m | ▲ 741% |
| Transfer from deferred taxes780 | - | €21,114 | €20,998 | €36,610 | €20,665 | ▼ 43.6% |
| Transfer to deferred taxes680 | - | €0 | - | - | - | - |
| Income taxes67/77 | €273 | €7,066 | €320 | €532 | €99,111 | ▲ 18,516% |
| Taxes670/3 | - | €7,066 | €320 | €532 | €99,111 | ▲ 18,516% |
| Profit (loss) for the period9904 | €2.2m | €229,702 | -€14,133 | €293,274 | €2.1m | ▲ 611% |
| Transfer from tax-exempt reserves789 | - | €63,342 | €62,995 | €109,831 | €61,995 | ▼ 43.6% |
| Transfer to tax-exempt reserves689 | - | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €1.1m | €293,043 | €48,862 | €403,105 | €2.1m | ▲ 433% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €72.6m | €71.5m | €79.4m | €79.7m | €81.3m | ▲ 2.0% |
| Fixed assets21/28 | €22.8m | €37.4m | €36.5m | €36.8m | €37.1m | ▲ 0.7% |
| Tangible fixed assets22/27 | €19.7m | €19.0m | €18.1m | €17.0m | €15.7m | ▼ 8.1% |
| Land and buildings22 | - | €18.3m | €17.4m | €16.4m | €15.0m | ▼ 8.5% |
| Other tangible fixed assets26 | - | €677,505 | €677,505 | €677,505 | €677,505 | = |
| Financial fixed assets28 | €3.1m | €18.4m | €18.4m | €19.8m | €21.4m | ▲ 8.3% |
| Affiliated companies280/1 | - | €17.3m | €16.9m | €16.9m | €16.9m | = |
| Participating interests280 | - | €17.3m | €16.9m | €16.9m | €16.9m | = |
| Companies linked by participating interests282/3 | - | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Participating interests282 | - | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Other financial fixed assets284/8 | - | €603,504 | €985,178 | €2.4m | €4.0m | ▲ 69.7% |
| Shares284 | - | €478,284 | €859,958 | €2.2m | €3.8m | ▲ 74.8% |
| Amounts receivable and cash guarantees285/8 | - | €125,220 | €125,220 | €160,063 | €159,843 | ▼ 0.1% |
| Current assets29/58 | €49.8m | €34.1m | €42.9m | €42.9m | €44.2m | ▲ 3.1% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €23.0m | €9.1m | €6.2m | €4.1m | €7.0m | ▲ 72.4% |
| Trade receivables40 | - | €57,456 | €121,226 | €19,221 | €214 | ▼ 98.9% |
| Other amounts receivable41 | - | €9.0m | €6.1m | €4.1m | €7.0m | ▲ 73.2% |
| Current investments50/53 | €6.3m | €7.6m | €28.4m | €32.7m | €23.0m | ▼ 29.5% |
| Own shares50 | - | - | €8.4m | €8.4m | €8.4m | = |
| Other investments51/53 | - | €7.6m | €20.0m | €24.3m | €14.6m | ▼ 39.8% |
| Cash at bank and in hand54/58 | €20.3m | €17.3m | €8.0m | €5.8m | €13.8m | ▲ 140% |
| Deferred charges and accrued income490/1 | - | €179,896 | €191,981 | €325,116 | €285,179 | ▼ 12.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €72.6m | €71.5m | €79.4m | €79.7m | €81.3m | ▲ 2.0% |
| Equity10/15 | €68.7m | €68.9m | €68.9m | €69.2m | €71.2m | ▲ 3.0% |
| Contributions10/11 | - | €75.3m | €75.3m | €75.3m | €75.3m | = |
| Reserves13 | €1.1m | €1.1m | €9.5m | €9.4m | €9.3m | ▼ 0.7% |
| Non-distributable reserves130/1 | - | €90,507 | €8.4m | €8.4m | €8.4m | = |
| Reserves not available under the articles1311 | - | €90,507 | €0 | - | - | - |
| Own shares acquired1312 | - | - | €8.4m | €8.4m | €8.4m | = |
| Tax-exempt reserves132 | - | €988,807 | €925,812 | €815,981 | €753,986 | ▼ 7.6% |
| Distributable reserves133 | - | - | €90,507 | €90,507 | €90,507 | = |
| Profit (loss) carried forward14 | -€7.7m | -€7.4m | -€15.8m | -€15.4m | -€13.3m | ▲ 13.9% |
| Provisions and deferred taxes16 | €350,716 | €329,602 | €308,604 | €271,994 | €251,329 | ▼ 7.6% |
| Deferred taxes168 | - | €329,602 | €308,604 | €271,994 | €251,329 | ▼ 7.6% |
| Amounts payable17/49 | €3.6m | €2.3m | €10.2m | €10.3m | €9.8m | ▼ 4.6% |
| Amounts payable after more than one year17 | €2.2m | €1.6m | €1.2m | €761,721 | €525,542 | ▼ 31.0% |
| Financial debts170/4 | - | €1.6m | €1.2m | €761,721 | €525,542 | ▼ 31.0% |
| Credit institutions173 | - | €1.6m | €1.2m | €761,721 | €525,542 | ▼ 31.0% |
| Amounts payable within one year42/48 | €1.4m | €634,123 | €9.0m | €9.0m | €9.0m | = |
| Current portion of amounts payable after more than one year42 | - | €514,383 | €433,269 | €312,661 | €236,179 | ▼ 24.5% |
| Trade debts44 | €74,405 | €82,048 | €59,499 | €67,350 | €79,762 | ▲ 18.4% |
| Suppliers440/4 | - | €82,048 | €59,499 | €67,350 | €79,762 | ▲ 18.4% |
| Taxes, remuneration and social security45 | - | €8,473 | €6,773 | €12,868 | €30,761 | ▲ 139% |
| Taxes450/3 | - | €2,344 | €3,297 | €1,198 | €19,136 | ▲ 1,497% |
| Remuneration and social security454/9 | - | €6,129 | €3,476 | €11,670 | €11,625 | ▼ 0.4% |
| Other amounts payable47/48 | - | €29,218 | €8.5m | €8.6m | €8.7m | ▲ 0.5% |
| Accrued charges and deferred income492/3 | - | €5,047 | €14,030 | €499,679 | €269,553 | ▼ 46.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.2m | €229,702 | -€14,133 | €293,274 | €2.1m | ▲ 611% |
| + Depreciation and write-downs630 | €589,416 | €623,529 | €615,929 | €772,959 | €549,963 | ▼ 28.8% |
| Operating cash flow (approximation) | €2.7m | €853,231 | €601,795 | €1.1m | €2.6m | ▲ 147% |
| Investment in fixed assets (approximation) | - | -€15.2m | €314,021 | -€1.1m | -€809,213 | ▲ 29.3% |
| Change in cash | - | -€3.1m | -€9.2m | -€2.3m | €8.1m | ▲ 454% |
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
Next filing, fiscal year 2026, expected by
2026
22-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €293,274
Net result €293,274 after one loss-making year.
07-03
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
06-03
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
09-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-08
Financial
Back to profitnet €2.2m
Net result €2.2m after one loss-making year.
31-03
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-08
Financial
Weakest financial yearnet -€2.5m
Net result drops to -€2.5m, the lowest in the series; recovery starts the following year.
15-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 15 days late
2019
25-04
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 25 days late
2018
27-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Show earlier events
2017
24-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2012
29-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
28-08
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
25-07
State Gazette act
General meeting · Capital increase
Capital · Share issue · Frank Liesse
02-07
State Gazette act
General meeting · Director reappointment
Permanent representative · Director appointment
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 17 acts read
About the unread acts
We know of 17 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
17 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, Gent · 1 establishment unit since 1997
Ground area
4,553 m²
Building footprint
534 m²
Volume, LiDAR
18 m³
Parcel 44062A0318/00F002, Flanders · tallest building 4.0 m. Linked by address, not a title deed.
9
companies at this address
See who is registered here
1 establishment unit
CFM BV
since 19972.080.989.795
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0318/00F002 | Flanders | 4,552 m² | 1 · 534 m² | 4.0 m |
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
4 holdingsOwners 0
The accounts to 31-12-2025 list no shareholders, and no other source names one.
Holdings 4
-
100%
-
100%
- White & Moore StablessubsidiaryEquity €2.7mResult -€88,097100%
-
20%
According to the 2025 annual accounts of CFM 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
The group is listed under Ownership & control below; here you explore it as a network.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, scroll to zoom.
Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
143 locations
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 2,442 EUR awarded · 167 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 0 EUR | 86 EUR |
| 2024 | 1 | 86 EUR | 0 EUR |
| 2023 | 1 | 81 EUR | 81 EUR |
| 2022 | 1 | 2,275 EUR | 0 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
254900X01RGUMIQHWI32
Similar companies · same sector, comparable size
DIVANI
BE 0830.657.916
Gent · Eq €71.1m
BEMO
BE 0784.819.476
Sint-Martens-Latem · Eq €71.5m
VASTINT BELGIUM
BE 0426.275.111
Brussel · Eq €72.1m
TRIPLE LIVING
BE 0829.278.932
Antwerpen · Eq €69.6m
Bermaso
BE 0466.251.878
Schilde · Eq €73.4m
Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 237 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
Founded06-02-1997
Fiscal year end31-12
Trade name NL
CFM BV
Activities, NACEBEL 2025
68110Buying and selling of own real estate
70200Business and other management consultancy
47811Retail sale of cars and light vans (up to 3.5 tonnes)
64210Activities of holding companies
77110Renting and leasing of cars and light motor vehicles
Contact
E-mail
mjp@boemm.euGent
E-invoicing
Reachable via Peppol
Peppol ID
0208:0459982017
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.