CMB
ActiveSummary
CMB has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €202k and a net result of €65k. Equity is growing by ~11.2% per year across the filed fiscal years. Its solvency ranks better than 30% of 7500 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability48▼-20
Solvency49▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.78 against 1.12 in 2024; short-term debt: 44.7% and cash: 3.1% of total assets), and 76% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
24%
Return on assets
7.7%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
60 d early
2024
73 d early
2023
70 d early
2022
66 d early
2021
23 d early
2020
18 d early
2019
26 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€0
2021 · €0
2019: €0highest value
2021: €0highest value
2022: €0highest value
2019 → 2022
Total assets
€842k▲ 5.5%
2024 · €798k
2019: €111klowest in 7 years
2020: €215k▲ +92.8% vs 2019
2021: €444k▲ +107% vs 2020
2022: €818k▲ +84.2% vs 2021
2023: €767k▼ -6.3% vs 2022
2024: €798k▲ +4.1% vs 2023
2025: €842k▲ +5.5% vs 2024highest in 7 years
2019 → 2025
Net result
€65k▲ 8.5%
2024 · €60k
2019: €36klowest in 7 years
2020: €57k▲ +57.7% vs 2019
2021: €51k▼ -10.1% vs 2020
2022: €69k▲ +36.1% vs 2021highest in 7 years
2023: €53k▼ -22.9% vs 2022
2024: €60k▲ +12.0% vs 2023
2025: €65k▲ +8.5% vs 2024
2019 → 2025
Working capital
€-82k
2024 · €43k
2019: €16k
2020: €59k▲ +263% vs 2019
2021: €156k▲ +163% vs 2020highest in 7 years
2022: €84k▼ -46.1% vs 2021
2023: €83k▼ -1.6% vs 2022
2024: €43k▼ -47.8% vs 2023
2025: €-82k▼ -290% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€0-€0
2021: €0
2022: €0
Equity€155k-€174k▲ 12.4%€194k▲ 11.2%€197k▲ 1.7%€202k▲ 2.5%
2021: €155klowest in 5 years
2022: €174k▲ +12.4% vs 2021
2023: €194k▲ +11.2% vs 2022
2024: €197k▲ +1.7% vs 2023
2025: €202k▲ +2.5% vs 2024highest in 5 years
Operating result€70k-€95k▲ 36.1%€89k▼ 6.6%€111k▲ 24.4%€165k▲ 48.7%
2021: €70klowest in 5 years
2022: €95k▲ +36.1% vs 2021
2023: €89k▼ -6.6% vs 2022
2024: €111k▲ +24.4% vs 2023
2025: €165k▲ +48.7% vs 2024highest in 5 years
Net result€51k-€69k▲ 36.1%€53k▼ 22.9%€60k▲ 12.0%€65k▲ 8.5%
2021: €51klowest in 5 years
2022: €69k▲ +36.1% vs 2021highest in 5 years
2023: €53k▼ -22.9% vs 2022
2024: €60k▲ +12.0% vs 2023
2025: €65k▲ +8.5% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 49% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €842k
Fixed assets
€548k ▲ 43.2%
Current assets
€294k ▼ 29.3%
Equity and liabilities €842k
Equity
€202k ▲ 2.5%
Debt
€640k ▲ 6.5%
Debt's share of the balance-sheet total rises from 75.3% to 76.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€199k▲
2024 · €139k
Cash flow
€99k▲
2024 · €88k
Current ratio
0.78▼
2024 · 1.12
Quick ratio
0.75▼
2024 · 1.09
Debt to equity
3.17▲
2024 · 3.05
ROE
32.1%▲
2024 · 30.3%
ROA
7.7%▲
2024 · 7.5%
Interest coverage
2.32▼
2024 · 4.79
Debt ≤ 1 year
€376k▲
2024 · €372k
Debt > 1 year
€264k▲
2024 · €229k
Income taxes
€27k▼
2024 · €30k
Staff costs
€308k▼
2024 · €376k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 56 lines
Balance sheet
Code20242025
Assets
Total assets20/58€798k€842k▲
Fixed assets21/28€382k€548k▲
Tangible fixed assets22/27€63k€107k▲
Land and buildings22-€59k
Plant, machinery and equipment23€58k€38k▼
Furniture and vehicles24€5k€9k▲
Other tangible fixed assets26€0€0=
Financial fixed assets28€319k€441k▲
Current assets29/58€416k€294k▼
Amounts receivable after more than one year29-€0
Other amounts receivable291-€0
Stocks and contracts in progress3€8k€13k▲
Stocks30/36€8k€13k▲
Amounts receivable within one year40/41€356k€219k▼
Trade receivables40€307k€163k▼
Other amounts receivable41€49k€56k▲
Cash at bank and in hand54/58€46k€26k▼
Deferred charges and accrued income490/1€5k€36k▲
Equity and liabilities
Total equity and liabilities10/49€798k€842k▲
Equity10/15€197k€202k▲
Contributions10/11€19k€19k=
Reserves13€165k€165k=
Distributable reserves133€165k€165k=
Profit (loss) carried forward14€13k€18k▲
Amounts payable17/49€601k€640k▲
Amounts payable after more than one year17€229k€264k▲
Financial debts170/4€229k€264k▲
Amounts payable within one year42/48€372k€376k▲
Current portion of amounts payable after more than one year42€43k€28k▼
Trade debts44€285k€245k▼
Suppliers440/4€285k€245k▼
Taxes, remuneration and social security45€44k€44k▼
Taxes450/3€19k€24k▲
Remuneration and social security454/9€25k€20k▼
Other amounts payable47/48€651€59k▲
Income statement
Code20242025
Remuneration, social security and pensions62€376k€308k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€28k€34k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€-8k
Other operating charges640/8€3k€9k▲
Gross operating margin9900€519k€507k▼
Operating profit (loss)9901€111k€165k▲
Financial income75/76B€8k€13k▲
Recurring financial income75€8k€13k▲
Financial charges65/66B€29k€86k▲
Recurring financial charges65€29k€86k▲
Profit (loss) for the period before taxes9903€90k€92k▲
Income taxes67/77€30k€27k▼
Profit (loss) for the period9904€60k€65k▲
Profit (loss) for the period to be appropriated9905€60k€65k▲
Appropriation of the result
Profit (loss) to be appropriated9906€70k€78k▲
Profit (loss) brought forward from the previous period14P€10k€13k▲
Transfer from equity791/2€30k-
Transfer to equity691/2€30k-
To other reserves6921€30k-
Profit to be distributed694/7€57k€60k▲
Return on contributions (dividend)694€57k€60k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €0 | €0 | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €0 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €216k | €209k | €350k | €376k | €308k | ▼ 18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €15k | €27k | €28k | €34k | ▲ 22.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €8k | - | €-8k | - |
| Other operating charges640/8 | €6k | €6k | €15k | €3k | €9k | ▲ 160% |
| Gross operating margin9900 | €305k | €324k | €490k | €519k | €507k | ▼ 2.2% |
| Operating profit (loss)9901 | €70k | €95k | €89k | €111k | €165k | ▲ 48.7% |
| Financial income75/76B | €1k | €6k | €8k | €8k | €13k | ▲ 60.0% |
| Recurring financial income75 | €1k | €6k | €8k | €8k | €13k | ▲ 60.0% |
| Financial charges65/66B | €2k | €9k | €17k | €29k | €86k | ▲ 196% |
| Recurring financial charges65 | €2k | €9k | €17k | €29k | €86k | ▲ 196% |
| Profit (loss) for the period before taxes9903 | €69k | €93k | €81k | €90k | €92k | ▲ 2.3% |
| Income taxes67/77 | €18k | €23k | €27k | €30k | €27k | ▼ 10.1% |
| Profit (loss) for the period9904 | €51k | €69k | €53k | €60k | €65k | ▲ 8.5% |
| Profit (loss) for the period to be appropriated9905 | €51k | €69k | €53k | €60k | €65k | ▲ 8.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €444k | €818k | €767k | €798k | €842k | ▲ 5.5% |
| Fixed assets21/28 | €189k | €351k | €370k | €382k | €548k | ▲ 43.2% |
| Tangible fixed assets22/27 | €33k | €112k | €88k | €63k | €107k | ▲ 69.0% |
| Land and buildings22 | - | - | - | - | €59k | - |
| Plant, machinery and equipment23 | €5k | €95k | €78k | €58k | €38k | ▼ 34.0% |
| Furniture and vehicles24 | €28k | €17k | €10k | €5k | €9k | ▲ 80.0% |
| Other tangible fixed assets26 | €0 | €0 | €0 | €0 | €0 | - |
| Financial fixed assets28 | €156k | €238k | €282k | €319k | €441k | ▲ 38.1% |
| Current assets29/58 | €256k | €468k | €397k | €416k | €294k | ▼ 29.3% |
| Amounts receivable after more than one year29 | - | €0 | - | - | €0 | - |
| Other amounts receivable291 | - | €0 | - | - | €0 | - |
| Stocks and contracts in progress3 | €16k | €13k | €12k | €8k | €13k | ▲ 64.6% |
| Stocks30/36 | €16k | €13k | €12k | €8k | €13k | ▲ 64.6% |
| Amounts receivable within one year40/41 | €144k | €325k | €356k | €356k | €219k | ▼ 38.6% |
| Trade receivables40 | €103k | €241k | €292k | €307k | €163k | ▼ 46.9% |
| Other amounts receivable41 | €41k | €85k | €64k | €49k | €56k | ▲ 13.0% |
| Cash at bank and in hand54/58 | €88k | €110k | €8k | €46k | €26k | ▼ 42.8% |
| Deferred charges and accrued income490/1 | €9k | €19k | €21k | €5k | €36k | ▲ 607% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €444k | €818k | €767k | €798k | €842k | ▲ 5.5% |
| Equity10/15 | €155k | €174k | €194k | €197k | €202k | ▲ 2.5% |
| Contributions10/11 | €12k | €12k | €19k | €19k | €19k | = |
| Reserves13 | €105k | €135k | €165k | €165k | €165k | = |
| Distributable reserves133 | €105k | €135k | €165k | €165k | €165k | = |
| Profit (loss) carried forward14 | €38k | €27k | €10k | €13k | €18k | ▲ 36.3% |
| Amounts payable17/49 | €289k | €644k | €573k | €601k | €640k | ▲ 6.5% |
| Amounts payable after more than one year17 | €190k | €261k | €259k | €229k | €264k | ▲ 15.3% |
| Financial debts170/4 | €190k | €261k | €259k | €229k | €264k | ▲ 15.3% |
| Trade debts175 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €99k | €384k | €314k | €372k | €376k | ▲ 1.0% |
| Current portion of amounts payable after more than one year42 | €32k | €48k | €75k | €43k | €28k | ▼ 34.8% |
| Trade debts44 | €35k | €178k | €149k | €285k | €245k | ▼ 13.8% |
| Suppliers440/4 | €35k | €178k | €149k | €285k | €245k | ▼ 13.8% |
| Advances received on contracts in progress46 | - | €98k | €0 | - | - | - |
| Taxes, remuneration and social security45 | €29k | €30k | €27k | €44k | €44k | ▼ 0.3% |
| Taxes450/3 | €9k | €14k | €13k | €19k | €24k | ▲ 25.5% |
| Remuneration and social security454/9 | €20k | €16k | €14k | €25k | €20k | ▼ 20.4% |
| Other amounts payable47/48 | €4k | €30k | €63k | €651 | €59k | ▲ 8,945% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51k | €69k | €53k | €60k | €65k | ▲ 8.5% |
| + Depreciation and write-downs630 | €13k | €15k | €27k | €28k | €34k | ▲ 22.1% |
| Operating cash flow (approximation) | €64k | €84k | €80k | €88k | €99k | ▲ 12.9% |
| Investment in fixed assets (approximation) | - | €-176k | €-46k | €-41k | €-200k | ▼ 386% |
| Change in cash | - | €23k | €-103k | €38k | €-20k | ▼ 151% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €200kEq €202k ▲2.5%
7 profitable years in a row build equity to €202k.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
22-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2019net €69k ▲36.1%
Net result €69k, the highest in the series.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Equity above €150kEq €155k ▲47.8%
3 profitable years in a row build equity to €155k.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €100kEq €105k ▲117%
2 profitable years in a row build equity to €105k.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 26 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Chaudfontaine · 1 establishment unit since 2018
Ground area
4,253 m²
Building footprint
155 m²
Volume, LiDAR
928 m³
Parcel 62012B0236/00X000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
CMB
since 20182.271.927.664
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62012B0236/00X000 | Wallonia | 4,253 m² | 1 · 155 m² | 8.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900OAZAQDJCGRCB55
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 12,063 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-01-2018
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.