CFR CONSTRUCT
ActiveThe computed 12-month bankruptcy probability of CFR CONSTRUCT is 4.3% (elevated). The 2024 annual accounts show equity of €26k and a net result of €11k. Equity is growing by ~144% per year across the filed fiscal years. Its solvency ranks better than 37% of 9981 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
47
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85▼-15
Solvency55▲+3
Growth67=
Track record94
Bankruptcy probability, 12 months
4.3%
Elevated
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
Liquidity tight (current ratio 1.39 against 1.28 in 2023; short-term debt: 69.7% and cash: 2.2% of total assets), and 69.7% of the assets are financed with debt.
Credit advice for your own amount and term
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 · 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
Sector 41
higher
← fewer bankruptcies
more bankruptcies →
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
30.3%
Return on assets
13%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-07-2025, 15 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
15 d early
2023
26 d early
2022
39 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€148k▲ 4.2%
2022 · €142k
2022: €142k
2022 → 2023
EBIT margin
22.6%▲ 33.4pp
2022 · -10.8%
2022: -10.8%
2022 → 2023
Net result
€11k▼ 59.8%
2023 · €28k
2022: €-16k
2023: €28k
2022 → 2024
Working capital
€24k▲ 126%
2023 · €10k
2022: €-18k
2023: €10k
2022 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Turnover€142k-€148k▲ 4.2%
Equity€-14k-€14k€26k▲ 88.6%
Operating result€-15k-€33k€12k▼ 62.9%
Net result€-16k-€28k€11k▼ 59.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 63% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €86k
Fixed assets
€2k▼ 27.0%
Current assets
€83k▲ 77.4%
Equity and liabilities €86k
Equity
€26k▲ 88.6%
Debt
€60k▲ 63.5%
The debt ratio falls from 72.6% to 69.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€13k▼
2023 · €34k
Cash flow
€12k▼
2023 · €28k
Solvency
30.3%▲
2023 · 27.4%
Current ratio
1.39▲
2023 · 1.28
Quick ratio
1.39▲
2023 · 1.28
Debt / equity
2.30▼
2023 · 2.65
ROE
42.9%▼
2023 · 201.0%
ROA
13.0%▼
2023 · 55.1%
Interest coverage
10.91▼
2023 · 32.16
Debt
€60k▲
2023 · €37k
Debt ≤ 1 year
€60k▲
2023 · €37k
Debt > 1 year
€0
Income taxes
€0▼
2023 · €5k
Staff costs
€0▼
2023 · €256
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€50k€86k▲
Formation expenses20-€0
Fixed assets21/28€3k€2k▼
Intangible fixed assets21€2k€2k=
Tangible fixed assets22/27€917€0▼
Land and buildings22-€0
Plant, machinery and equipment23-€0
Furniture and vehicles24€917€0▼
Leasing and similar rights25-€0
Other tangible fixed assets26-€0
Assets under construction and advance payments27-€0
Financial fixed assets28-€0
Current assets29/58€47k€83k▲
Amounts receivable after more than one year29-€0
Trade receivables290-€0
Other amounts receivable291-€0
Stocks and contracts in progress3-€0
Stocks30/36-€0
Contracts in progress37-€0
Amounts receivable within one year40/41€47k€81k▲
Trade receivables40€47k€77k▲
Other amounts receivable41-€5k
Current investments50/53-€0
Cash at bank and in hand54/58€187€2k▲
Deferred charges and accrued income490/1-€0
Equity and liabilities
Total equity and liabilities10/49€50k€86k▲
Equity10/15€14k€26k▲
Contributions10/11€2k€2k=
Revaluation surpluses12-€0
Reserves13-€0
Non-distributable reserves130/1-€0
Reserves not available under the articles1311-€0
Own shares acquired1312-€0
Financial assistance1313-€0
Other1319-€0
Tax-exempt reserves132-€0
Distributable reserves133-€0
Profit (loss) carried forward14€12k€24k▲
Investment grants15-€0
Advance to shareholders on the distribution of net assets19-€0
Provisions and deferred taxes16-€0
Provisions for liabilities and charges160/5-€0
Pensions and similar obligations160-€0
Taxes161-€0
Major repairs and maintenance162-€0
Environmental obligations163-€0
Other liabilities and charges164/5-€0
Deferred taxes168-€0
Amounts payable17/49€37k€60k▲
Amounts payable after more than one year17-€0
Financial debts170/4-€0
Trade debts175-€0
Advances received on contracts in progress176-€0
Other amounts payable178/9-€0
Amounts payable within one year42/48€37k€60k▲
Current portion of amounts payable after more than one year42-€0
Financial debts43-€0
Credit institutions430/8-€0
Other loans439-€0
Trade debts44€25k€42k▲
Suppliers440/4€25k€42k▲
Bills of exchange payable441-€0
Advances received on contracts in progress46-€0
Taxes, remuneration and social security45€5k€9k▲
Taxes450/3€5k€5k▼
Remuneration and social security454/9-€4k
Other amounts payable47/48€6k€9k▲
Accrued charges and deferred income492/3-€0
Income statement
Code20232024
Turnover70€148k-
Goods, raw materials, services and sundry goods60/61€113k€122k▲
Remuneration, social security and pensions62€256€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€733€917▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0
Provisions for liabilities and charges: additions (uses and reversals)635/8-€0
Other operating charges640/8€306€265▼
Operating charges capitalised as restructuring costs649-€0
Gross operating margin9900€35k€14k▼
Operating profit (loss)9901€33k€12k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€32k€11k▼
Transfer from deferred taxes780-€0
Transfer to deferred taxes680-€0
Income taxes67/77€5k€0▼
Profit (loss) for the period9904€28k€11k▼
Transfer from tax-exempt reserves789-€0
Transfer to tax-exempt reserves689-€0
Profit (loss) for the period to be appropriated9905€28k€11k▼
Appropriation of the result
Profit (loss) to be appropriated9906€12k€24k▲
Profit (loss) brought forward from the previous period14P€-16k€13k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 1.28
Current ratio from 0.35 to 1.28.
22-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brussel · 1 establishment unit since 2021
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.
Van Gaverstraat 151000 BrusselGround area
244 m²
Building footprint
188 m²
Volume, LiDAR
2,214 m³
2 parcels, Brussels · tallest building 18.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CFR CONSTRUCT
since 20212.323.809.402
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0055/00H004 | Brussels | 186 m² | 1 · 130 m² | 18.8 m · 5 fl. |
| 21812N1411/00H000 | Brussels | 57 m² | 1 · 57 m² | 16.5 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,452 companies in sector 41003 we hold annual accounts for 1,055. 643 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded13-07-2021
Fiscal year end31-12
Activities, NACEBEL
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.