Equity
Cidum Construct has made a profit in every financial year since 2022.
Cidum Construct has made a profit in every financial year since 2022.
The micro format states no turnover.
Debts rose by €87,435 in 2025.
Green is investment, beige is depreciation.
Short-term debts rose from €53,626 to €102,527.
The 2024 accounts came latest: 37 days after the end of the period.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro). It does better than 45% of them on solvency, 62% on liquidity, 37% on profitability and 40% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the moderate class on 30-06-2025, 2.4% went bankrupt within twelve months.
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).
In July 2024, 5,047 companies had the same profile as Cidum Construct has now. Each dot stands for 13 companies, two years later.
That fits the bankruptcy probability of Cidum Construct itself: 1.8% within 12 months.
The method was tested on the 497,447 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 5,047 companies, not a prediction for Cidum Construct. 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.
Liquidity is tight, with a current ratio of 1.49 (2.49 in 2024), below the usual 1.5. Short-term debt is 33.4% and cash 22.9% of total assets. 57.8% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 4 accounts on average 23 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| Cidum Construct Kraainem | €306,808 | €60,422 | 42.2% | - |
| MAV CONSTRUCT Wemmel | €346,086 | €60,759 | 13.9% | - |
| BEFCAM Beersel | €304,680 | €52,707 | 65.5% | - |
| BRIX AND DREAMS Sint-Genesius-Rode | €294,761 | €79,395 | 2.9% | - |
| MS PISCINES Erquelinnes | €315,520 | €69,652 | 34.7% | - |
| Bouwwerken Vandekerckhove Oudenaarde | €269,402 | €66,323 | 25.9% | - |
| GEOS GROUP Anderlecht | €282,961 | €72,479 | 34.4% | - |
These companies have the same main activity as Cidum Construct: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €269,000 and €346,000, founded between 2020 and 2021.
Cidum Construct files the micro format. That format states no turnover. The gross margin rose from €46,180 in 2022 to €60,422 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €310,000. Estimated: probably between €230,000 and €630,000.
Higher than 45% of 35,119 companies in 2025.
Higher than 40% of 34,493 companies in 2025.
Higher than 27% of 34,694 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
306,808 | 217,018 | 113,156 | 34,816 | |
21/28 |
154,517 | 83,696 | 59,624 | 30,833 | |
22/27 |
154,517 | 83,696 | 59,624 | 30,833 | |
23 |
20,025 | 22,726 | 17,293 | 3,677 | |
24 |
134,492 | 60,970 | 42,331 | 27,157 | |
29/58 |
152,292 | 133,322 | 53,532 | 3,982 | |
3 |
- | - | 15,319 | - | |
30/36 |
- | - | 15,319 | - | |
40/41 |
71,251 | 95,743 | 22,894 | 3,183 | |
40 |
48,808 | 34,250 | 6,389 | 142 | |
41 |
22,443 | 61,493 | 16,504 | 3,041 | |
54/58 |
70,232 | 31,492 | 11,526 | 799 | |
490/1 |
10,809 | 6,087 | 3,793 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
306,808 | 217,018 | 113,156 | 34,816 | |
10/15 |
129,532 | 127,177 | 87,627 | 24,951 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
14 |
126,532 | 124,177 | 84,627 | 21,951 | |
17/49 |
177,276 | 89,841 | 25,528 | 9,864 | |
17 |
74,466 | - | - | - | |
170/4 |
74,466 | - | - | - | |
42/48 |
102,527 | 53,626 | 25,528 | 9,864 | |
42 |
25,865 | - | - | - | |
44 |
41,345 | 18,233 | 3,057 | 1,287 | |
440/4 |
41,345 | 18,233 | 3,057 | 1,287 | |
45 |
20,500 | 29,864 | 19,337 | 7,522 | |
450/3 |
13,500 | 27,864 | 16,437 | 7,522 | |
454/9 |
7,000 | 2,000 | 2,900 | - | |
47/48 |
14,817 | 5,529 | 3,135 | 1,055 | |
492/3 |
283 | 36,215 | - | - | |
| Income statement | |||||
76A |
7,450 | - | - | - | |
9900 |
60,422 | 89,668 | 96,375 | 46,180 | |
630 |
42,845 | 33,325 | 16,609 | 6,999 | |
640/8 |
12,390 | 3,613 | 2,653 | 9,670 | |
9901 |
5,187 | 52,730 | 77,113 | 29,511 | |
75/76B |
3 | 19 | 21 | 1 | |
75 |
3 | 19 | - | - | |
76B |
- | - | 21 | 1 | |
65/66B |
1,336 | 334 | 250 | 61 | |
65 |
1,336 | 334 | 250 | 61 | |
9903 |
3,855 | 52,415 | 76,884 | 29,451 | |
67/77 |
1,500 | 12,865 | 14,208 | 7,500 | |
9904 |
2,355 | 39,550 | 62,676 | 21,951 | |
9905 |
2,355 | 39,550 | 62,676 | 21,951 | |
| Appropriation of the result | |||||
9906 |
126,532 | 124,177 | 84,627 | 21,951 | |
14P |
124,177 | 84,627 | 21,951 | - | |
| Document | |||||
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00497936.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 48,032 | 86,055 | 93,722 | 36,510 | ||
| 45,200 | 72,875 | 79,285 | 28,950 | ||
| 123,978 | 57,397 | 46,429 | 46,768 | ||
| 38,740 | 19,966 | 10,727 | - | ||
| 49,765 | 79,696 | 28,004 | -5,882 | ||
| 42.2% | 58.6% | 77.4% | 71.7% | ||
| 1.49 | 2.49 | 2.10 | 0.40 | ||
| 1.49 | 2.49 | 1.50 | 0.40 | ||
| 1.37 | 0.71 | 0.29 | 0.40 | ||
| 1.8% | 31.1% | 71.5% | 88.0% | ||
| 0.8% | 18.2% | 55.4% | 63.1% | ||
| 35.96 | over 100 | over 100 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €123,978 | €57,397 | €46,429 | €46,768 |
| €42,845 | €33,325 | €16,609 | €6,999 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 90% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total rises from 41.4% to 57.8%. Equity and debt are higher.
Cidum Construct has no parent and no holdings in its annual accounts. POPESCU Ciprian is the only director. Cidum Construct shares no director with another company.
| LRN Solutions
registered office since 22-04-2022 · founded in 2022 · accounts filed late |
total assets €679,075 (2024) 0785.313.879 |
| T&A SOLUTIONS
registered office since 16-12-2022 · founded in 2022 |
total assets €342,484 (2025) 0794.907.377 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
On 15 July 2021, Cidum Construct was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 In 2025 the registered office moved to Kraainem.3 POPESCU Ciprian is director of the company, appointed by deed of 19-07-2021.2 Total assets went from €34,816 in 2022 to €306,808 in 2025.4
| Establishment | Since | Unit number |
|---|---|---|
| Oudstrijderslaan 11 registered office 1950 Kraainem | 15-07-2021 | 2.321.358.963 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 22002A0133/00N002 | 539 m² | 1 · 137 m² | 10.0 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0771.449.611
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