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CM ORTHOPAEDIC

Active
Private limited companyfounded 1998active for 28 yearsPutsesteenweg (C) 38, 2920 Kalmthout, BelgiumKBO/BCE: BE 0462.810.556
Summary

The computed 12-month bankruptcy probability of CM ORTHOPAEDIC is 2.5% (moderate). The annual accounts of CM ORTHOPAEDIC for financial year 2025 show a net loss of 60% of the equity at the start of that year. The 2025 annual accounts show equity of €27,935 and a net result of -€42,088. Equity is growing by about 56% per year across the filed financial years. Its solvency ranks better than 18% of 12,434 sector peers (NACE 47, financial year 2025). The company has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses
NACE 47741Wholesale of pharmaceutical and medical goods NACE 46460
1 site
Size
€371,439total assets 2025
Equity
€27,935
Loss
-€42,088
Turnover not published (abbreviated or micro format)
Financial health
50 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.5%
Structure
Accounts filed 61 days late0 of 2 deeds read
Why 50raises riskLoss of €42,088 (financial year 2025)Latest accounts 61 days late; 3 of the last 3 latelowers riskSize: total assets €371,439Founded in 1998Show the evidence

Checked score

Score 2025
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 14% of its sector peers (NACE 47, micro)
Financial strength · tick = 2024
Weak
Solvency 33-10
equity 7.5% of total assets
Liquidity 2-5
short-term debt 90.8% · cash 1.8%
Profitability 9-73
return on assets -11.3%
Bankruptcy probability, 12 months
2.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,203 companies, NACE 47, micro)
Last 24 months 11-2024: 4.8% 12-2024: 1.2%▼ -3.6 percentage points vs 11-2024 01-2025: 1.1%▼ -0.1 percentage points vs 12-2024 02-2025: 1.1%● unchanged vs 01-2025 03-2025: 1.1%● unchanged vs 02-2025 04-2025: 1.1%● unchanged vs 03-2025 05-2025: 1.1%● unchanged vs 04-2025 06-2025: 1.1%● unchanged vs 05-2025lowest value 07-2025: 1.3%▲ +0.2 percentage points vs 06-2025 08-2025: 1.6%▲ +0.3 percentage points vs 07-2025 09-2025: 1.8%▲ +0.2 percentage points vs 08-2025 10-2025: 2.3%▲ +0.5 percentage points vs 09-2025 11-2025: 2.5%▲ +0.2 percentage points vs 10-2025 12-2025: 3.0%▲ +0.5 percentage points vs 11-2025 01-2026: 5.8%▲ +2.8 percentage points vs 12-2025 02-2026: 5.8%● unchanged vs 01-2026 03-2026: 6.2%▲ +0.4 percentage points vs 02-2026highest value 04-2026: 5.6%▼ -0.6 percentage points vs 03-2026 05-2026: 5.6%● unchanged vs 04-2026 06-2026: 2.5%▼ -3.1 percentage points vs 05-2026 07-2026: 2.6%▲ +0.1 percentage points vs 06-2026 08-2026: 3.4%▲ +0.8 percentage points vs 07-2026 09-2026: 3.8%▲ +0.4 percentage points vs 08-2026 10-2026: 2.5%▼ -1.3 percentage points vs 09-2026
Credit of up to €1,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.09, compared with 1.23 in 2024, below the usual 1.5; short-term debt: 90.8% and cash: 1.8% of total assets), and 92.5% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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 47, micro): better than 25% on solvency, 4% on liquidity, 17% on profitability and 9% on growth.

The bankruptcy probability was computed on 15-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €42,088 (financial year 2025)
NBB · annual accounts
raises risk · Latest accounts 61 days late; 3 of the last 3 late
NBB · filings
lowers risk · Size: total assets €371,439
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1998
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 12434 sector peers (2025).
NBB · sector comparison
Position among 12434 sector peers
Solvency
better than 18%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-09-2026, 61 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 filings
Deviation from the deadline
2025
61 days late
2024
299 days late
2023
92 days late
2022
182 days late
2021
269 days late
2020
634 days late
2019
143 days 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 240 days after the deadline; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 January (4 of the last 5 filed years within 117 days of that day).
Companies Code · seven months
Where today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Weakest financial yearnet -€42,088

Key points

  • Caution: From profit to loss in 2025after €40,019 in 2024 -€42,088 View
  • Caution: Among the weakest 10% on net resultsector median €28,292 · 12,422 companies -€42,088 View
  • Caution: Latest accounts filed lateafter the legal deadline 61 days View

By topic

Financials

Financial year
2025
Total assets
€371,439
Loss
-€42,088
Solvency
7.5%
Total assets▼ 3.5%
Net result
20182025
Go to Financials

Timeline

Events
32
Since
1999
Next accounts
by 31-07-2027
  1. 31-12-2024Highest result from 2018 to 2025
  2. 31-10-2024Annual accounts filed
  3. 29-01-2024Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Retail sale of medical and orthopaedic goods, excluding…NACE 47741
Founded
03-03-1998
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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