CKCC
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 25-03-2026 PDF all 6 filings
Turnover
≈ €220,000
Estimated: probably between €120,000 and €380,000
Total assets
€64,729▲ 36.7%
2024 · €47,345
Net result
€5,840▼ 18.5%
2024 · €7,169
Working capital
€22,850▲ 47.0%
2024 · €15,547
Multi-year overview
2020 to 2025, 6 financial yearsOperating result
€9,013
▼ 23.9%
2025
20202025
Net result
€5,840
▼ 18.5%
2025
middle half of the sector
20202025
Equity
€29,654
▲ 24.5%
2025
middle half of the sector
20202025
Total assets
€64,729
▲ 36.7%
2025
middle half of the sector
20202025
Debt
€35,075
▲ 49.1%
2025
20202025
Working capital
€22,850
▲ 47.0%
2025
middle half of the sector
20202025
Solvency
45.8%
▼ 4.5pp
2025
middle half of the sector
20202025
Current ratio
1.65
▼ 0.01
2025
middle half of the sector
20202025
Return on assets (ROA)
9.0%
▼ 6.1pp
2025
middle half of the sector
20202025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202020212022202320242025
Operating result€13,180--€6,000€12,155-€2,989€11,846€9,013▼ 23.9%
Net result€11,669within the sector's middle half--€6,032below the sector's middle half€8,222within the sector's middle half-€3,215within the sector's middle half€7,169within the sector's middle half€5,840within the sector's middle half▼ 18.5%
Equity€17,669within the sector's middle half-€11,637within the sector's middle half▼ 34.1%€19,859within the sector's middle half▲ 70.7%€16,645within the sector's middle half▼ 16.2%€23,814within the sector's middle half▲ 43.1%€29,654within the sector's middle half▲ 24.5%
Total assets€41,403below the sector's middle half-€34,447below the sector's middle half▼ 16.8%€45,903below the sector's middle half▲ 33.3%€44,837below the sector's middle half▼ 2.3%€47,345below the sector's middle half▲ 5.6%€64,729within the sector's middle half▲ 36.7%
Debt€23,735-€22,810▼ 3.9%€26,043▲ 14.2%€28,192▲ 8.2%€23,532▼ 16.5%€35,075▲ 49.1%
Working capital-€748within the sector's middle half--€3,851within the sector's middle half▼ 415%€2,884within the sector's middle half€7,479within the sector's middle half▲ 159%€15,547within the sector's middle half▲ 108%€22,850within the sector's middle half▲ 47.0%
Solvency42.7%within the sector's middle half-33.8%within the sector's middle half▼ 8.9pp43.3%within the sector's middle half▲ 9.5pp37.1%within the sector's middle half▼ 6.1pp50.3%within the sector's middle half▲ 13.2pp45.8%within the sector's middle half▼ 4.5pp
Current ratio0.97within the sector's middle half-0.83below the sector's middle half▼ 0.141.11within the sector's middle half▲ 0.281.27within the sector's middle half▲ 0.151.66within the sector's middle half▲ 0.401.65within the sector's middle half▼ 0.01
Return on assets (ROA)28.2%above the sector's middle half--17.5%below the sector's middle half▼ 45.7pp17.9%above the sector's middle half▲ 35.4pp-7.2%below the sector's middle half▼ 25.1pp15.1%above the sector's middle half▲ 22.3pp9.0%within the sector's middle half▼ 6.1pp
above
within
below
The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 24% lower than in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €64,729
Fixed assets
€6,804 ▼ 17.7%
Current assets
€57,925 ▲ 48.2%
Equity and liabilities €64,729
Equity
€29,654 ▲ 24.5%
Debt
€35,075 ▲ 49.1%
Debt's share of the balance-sheet total rises from 49.7% to 54.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€11,596▼
2024 · €14,196
Cash flow
€8,423▼
2024 · €9,518
Quick ratio
1.15▲
2024 · 1.08
Debt to equity
1.18▲
2024 · 0.99
ROE
19.7%▼
2024 · 30.1%
Interest coverage
7.60▲
2024 · 5.21
Debt ≤ 1 year
€35,075▲
2024 · €23,532
Income taxes
€2,458▲
2024 · €2,067
Staff costs
€32,487▲
2024 · €21,371
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €5,000 | €5,780 | €1,450 | €1,120 |
| Financial fixed assets | €500 | - | - | - | - |
| Depreciation and write-downs of the year | €3,429 | €3,512 | €2,031 | €2,349 | €2,583 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €5,898 | €11,533 | €21,371 | €32,487 | ▲ 52.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €28 | €3,429 | €3,512 | €2,031 | €2,349 | €2,583 | ▲ 9.9% |
| Other operating charges640/8 | - | €1,594 | €415 | €1,181 | €450 | €400 | ▼ 11.2% |
| Gross operating margin9900 | €13,383 | -€976 | €21,980 | €11,755 | €36,017 | €44,483 | ▲ 23.5% |
| Operating profit (loss)9901 | €13,180 | -€6,000 | €12,155 | -€2,989 | €11,846 | €9,013 | ▼ 23.9% |
| Financial income75/76B | - | €194 | €80 | €77 | €114 | €810 | ▲ 611% |
| Recurring financial income75 | - | €194 | €80 | €77 | €114 | €810 | ▲ 611% |
| Financial charges65/66B | - | €95 | €483 | €209 | €2,725 | €1,525 | ▼ 44.0% |
| Recurring financial charges65 | €18 | €95 | €483 | €209 | €2,725 | €1,525 | ▼ 44.0% |
| Profit (loss) for the period before taxes9903 | €13,162 | -€5,901 | €11,752 | -€3,121 | €9,235 | €8,298 | ▼ 10.1% |
| Income taxes67/77 | €1,493 | €131 | €3,530 | €94 | €2,067 | €2,458 | ▲ 18.9% |
| Profit (loss) for the period9904 | €11,669 | -€6,032 | €8,222 | -€3,215 | €7,169 | €5,840 | ▼ 18.5% |
| Profit (loss) for the period to be appropriated9905 | €11,669 | -€6,032 | €8,222 | -€3,215 | €7,169 | €5,840 | ▼ 18.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €41,403 | €34,447 | €45,903 | €44,837 | €47,345 | €64,729 | ▲ 36.7% |
| Fixed assets21/28 | €18,417 | €15,488 | €16,975 | €9,166 | €8,267 | €6,804 | ▼ 17.7% |
| Tangible fixed assets22/27 | €17,117 | €13,688 | €15,175 | €8,666 | €7,767 | €6,304 | ▼ 18.8% |
| Plant, machinery and equipment23 | - | - | - | €4,013 | €4,287 | €3,997 | ▼ 6.7% |
| Furniture and vehicles24 | - | €13,688 | €15,175 | €4,654 | €3,480 | €2,307 | ▼ 33.7% |
| Financial fixed assets28 | €1,300 | €1,800 | €1,800 | €500 | €500 | €500 | = |
| Current assets29/58 | €22,987 | €18,959 | €28,927 | €35,670 | €39,078 | €57,925 | ▲ 48.2% |
| Stocks and contracts in progress3 | €5,898 | €3,340 | €9,890 | €14,009 | €13,616 | €17,417 | ▲ 27.9% |
| Stocks30/36 | - | €3,340 | €9,890 | €14,009 | €13,616 | €17,417 | ▲ 27.9% |
| Amounts receivable within one year40/41 | - | - | - | €3,500 | €1,700 | €2,764 | ▲ 62.6% |
| Trade receivables40 | - | - | - | - | - | €542 | - |
| Other amounts receivable41 | - | - | - | €3,500 | €1,700 | €2,223 | ▲ 30.8% |
| Cash at bank and in hand54/58 | €17,088 | €15,619 | €19,037 | €18,162 | €23,259 | €36,104 | ▲ 55.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €503 | €1,640 | ▲ 226% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €41,403 | €34,447 | €45,903 | €44,837 | €47,345 | €64,729 | ▲ 36.7% |
| Equity10/15 | €17,669 | €11,637 | €19,859 | €16,645 | €23,814 | €29,654 | ▲ 24.5% |
| Contributions10/11 | - | €6,000 | €6,000 | €6,000 | €6,000 | €6,000 | = |
| Profit (loss) carried forward14 | €11,669 | €5,637 | €13,859 | €10,645 | €17,814 | €23,654 | ▲ 32.8% |
| Amounts payable17/49 | €23,735 | €22,810 | €26,043 | €28,192 | €23,532 | €35,075 | ▲ 49.1% |
| Amounts payable within one year42/48 | €23,735 | €22,810 | €26,043 | €28,192 | €23,532 | €35,075 | ▲ 49.1% |
| Trade debts44 | €18,089 | €15,580 | €12,469 | €16,052 | €4,356 | €10,463 | ▲ 140% |
| Suppliers440/4 | - | €15,580 | €12,469 | €16,052 | €4,356 | €10,463 | ▲ 140% |
| Taxes, remuneration and social security45 | - | €6,029 | €12,129 | €11,392 | €17,610 | €21,220 | ▲ 20.5% |
| Taxes450/3 | - | €5,479 | €10,488 | €8,284 | €12,345 | €14,143 | ▲ 14.6% |
| Remuneration and social security454/9 | - | €550 | €1,640 | €3,108 | €5,265 | €7,077 | ▲ 34.4% |
| Other amounts payable47/48 | - | €1,200 | €1,446 | €748 | €1,565 | €3,392 | ▲ 117% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11,669 | -€6,032 | €8,222 | -€3,215 | €7,169 | €5,840 | ▼ 18.5% |
| + Depreciation and write-downs630 | €28 | €3,429 | €3,512 | €2,031 | €2,349 | €2,583 | ▲ 9.9% |
| Operating cash flow (approximation) | €11,697 | -€2,603 | €11,735 | -€1,184 | €9,518 | €8,423 | ▼ 11.5% |
| Investment in fixed assets (approximation) | - | -€500 | -€5,000 | €5,778 | -€1,450 | -€1,120 | ▲ 22.8% |
| Change in cash | - | -€1,469 | €3,418 | -€876 | €5,097 | €12,845 | ▲ 152% |
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, 26,972 companies had the same profile as CKCC has now. Two years later, 94.9% were still going and 1.6% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
94.9%
was still going
3.4%
stopped otherwise
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CKCC itself is lower: 0.2% within 12 months. It rests on far more data about CKCC than the profile alone.
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 26,972 companies, not a prediction for CKCC. 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.
Filings with the National Bank (6)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 25-03-2026 | 2026-00061524 | |
| 31-12-2024 | micro format | 26-06-2025 | 2025-00195483 | |
| 31-12-2023 | micro format | 28-05-2024 | 2024-00097906 | |
| 31-12-2022 | micro format | 01-05-2023 | 2023-00073550 | |
| 31-12-2021 | micro format | 27-06-2022 | 2022-20093182 | |
| 31-12-2020 | micro format | 03-06-2021 | 2021-17500160 |