Losses
-€118,765 in ten years
Every financial year from 2015 to 2024 closed with a loss. 2017 was the heaviest.
CM ASSOCIES
Lifetime
19 annual accounts with figures on one time axis, 23 filings since 2002peak €39,481 (2012)
-€428▲ €990
lowest -€22,752 (2017)
-€6,933▲ €1,066
peak €179,728 (2014)
€60,963▼ 10.2%
€40,459▲ 5.9%
Documentsfilings and deeds
25-08-202525 days late
2024micro format
Gross margin from -€1,418 to -€428Loss of €6,933Cash from €43 to €158
Key points
from the 2024 annual accountsPayment terms
1,006 days to suppliers
CM ASSOCIES pays its suppliers 134 days later than in 2023.
Filings
23 annual accounts 98 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Checked score
52
Fair
Financially stronger than 29% of micro companies without a NACE code
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.5%▲ +0.1 percentage points vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.5%● unchanged vs 05-2025
07-2025: 0.6%▲ +0.1 percentage points vs 06-2025
08-2025: 1.0%▲ +0.4 percentage points vs 07-2025
09-2025: 0.4%▼ -0.6 percentage points vs 08-2025lowest value
10-2025: 0.4%● unchanged vs 09-2025lowest value
11-2025: 0.4%● unchanged vs 10-2025lowest value
12-2025: 0.4%● unchanged vs 11-2025lowest value
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.5%▲ +0.1 percentage points vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026
08-2026: 1.0%▲ +0.5 percentage points vs 07-2026
09-2026: 1.2%▲ +0.2 percentage points vs 08-2026
10-2026: 2.2%▲ +1.0 percentage point vs 09-2026highest value
11-2026: 2.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 28-08-2025)
Liquidity: current ratio 0.03, cash €158
lowers risk
Size: turnover €6,000, total assets €101,421
Founded in 2001
Calculation
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 (no NACE code, micro). It does better than 51% of them on solvency, 17% on liquidity, 10% on profitability and 36% on growth.
The bankruptcy probability was computed on 05-11-2026 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 31-12-2024.
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).
Comparable companies, two years later
In July 2024, 12,322 companies had the same profile as CM ASSOCIES has now. Each dot stands for 31 companies, two years later.
90.3%
were still trading
8.6%
stopped another way
0.7%
went bankrupt
Another 0.5% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of CM ASSOCIES itself is higher: 2.2% within 12 months. It rests on far more data about CM ASSOCIES than the profile alone.
Test of the method
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 12,322 companies, not a prediction for CM ASSOCIES. 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.
Credit verdict
Credit of up to €500 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity is insufficient, with a current ratio of 0.03 (0.02 in 2023), below 1. Short-term debt is 39.9% and cash 0.2% of total assets. 39.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€6,933
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 98 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline06-11-2026 today
raises risk · 2024 accounts filed 25 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 25-08-2025, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
25 days late
2023
29 days late
2022
6 days early
2021
2 days early
2020
10 days late
2019
200 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 6 accounts on average 43 days after the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
Recent changes
First establishment
Rue de Philippeville 106, Cerfontaine
Incorporation
published on 06-09-2001 · Gazette deed
Official details
Source: KBO- Status
- Active since 27-08-2001Normal situation
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.094.580.2875630 Cerfontaine, since 25-01-2002
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on CM ASSOCIES
CM ASSOCIES files the micro format. That format states no turnover. The gross margin fell from €38,112 in 2006 to -€428 in 2024.
The balance sheet grew most in 2009 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CM ASSOCIES
- What is the company number of CM ASSOCIES?
- The company number of CM ASSOCIES is 0475.533.788. The VAT number is the same number with BE in front: BE 0475.533.788.
- Where is CM ASSOCIES based?
- The registered office is at Rue de Philippeville 106, 5630 Cerfontaine.Company details
- What is the legal form of CM ASSOCIES?
- CM ASSOCIES is a public limited company (NV).
- When was CM ASSOCIES founded?
- CM ASSOCIES was founded on 27-08-2001.
- Is CM ASSOCIES still active?
- Yes, CM ASSOCIES is an active enterprise in the KBO register.
- What is the turnover of CM ASSOCIES?
- The turnover of CM ASSOCIES was €6,000 in financial year 2024, according to the filed annual accounts.Financials
- Is CM ASSOCIES profitable?
- In financial year 2024, CM ASSOCIES made a loss of €6,933.
- Where can I find the annual accounts of CM ASSOCIES?
- CM ASSOCIES filed 23 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
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