CMD ASSOCIATED
ActiveCMD ASSOCIATED has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.06M and a net result of €-39k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 64% of 1633 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability17▼-33
Solvency85▼-6
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €120k at 30 days acceptable
Liquidity tight (current ratio 1.04 against 6.21 in 2024; short-term debt: 9.5% and cash: 3.9% of total assets), and 40.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
59.5%
Return on assets
-1.1%
Age of the figures
9 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
on the day
2023
30 d late
2022
30 d late
2021
31 d late
2020
31 d late
2019
122 d late
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-39k
2024 · €1.51M
2018: €21k
2019: €25k
2020: €29k
2021: €10k
2022: €1k
2023: €312k
2024: €1.51M
2018 → 2025
Working capital
€13k▼ 99.0%
2024 · €1.39M
2018: €-143k
2019: €-174k
2020: €-229k
2021: €-281k
2022: €-315k
2023: €-157k
2024: €1.39M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€303k-€304k▲ 0.4%€616k▲ 102%€2.13M▲ 246%€2.06M▼ 3.3%
Operating result€22k-€19k▼ 11.9%€16k▼ 16.1%€-75k€-232k▼ 209%
Net result€10k-€1k▼ 88.8%€312k▲ 28,115%€1.51M▲ 385%€-39k
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €232k in 2025 against €75k in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.46M
Fixed assets
€3.12M▲ 98.4%
Current assets
€341k▼ 79.4%
Equity and liabilities €3.46M
Equity
€2.06M▼ 3.3%
Debt
€1.40M▲ 27.7%
The debt ratio rises from 34.0% to 40.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-40k▼
2024 · €-20k
Cash flow
€153k▼
2024 · €1.57M
Solvency
59.5%▼
2024 · 66.0%
Current ratio
1.04▼
2024 · 6.21
Quick ratio
1.04▼
2024 · 6.21
Debt / equity
0.68▲
2024 · 0.51
ROE
-1.9%▼
2024 · 71.1%
ROA
-1.1%▼
2024 · 46.9%
Interest coverage
-0.91▼
2024 · -0.61
Debt
€1.40M▲
2024 · €1.10M
Debt ≤ 1 year
€327k▲
2024 · €266k
Debt > 1 year
€1.07M▲
2024 · €830k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.22M€3.46M▲
Fixed assets21/28€1.57M€3.12M▲
Tangible fixed assets22/27€1.42M€2.12M▲
Land and buildings22€1.42M€2.12M▲
Financial fixed assets28€154k€998k▲
Current assets29/58€1.65M€341k▼
Amounts receivable within one year40/41€147k€85k▼
Trade receivables40€73k€6k▼
Other amounts receivable41€74k€79k▲
Current investments50/53€121k€121k=
Cash at bank and in hand54/58€1.38M€134k▼
Deferred charges and accrued income490/1€879€258▼
Equity and liabilities
Total equity and liabilities10/49€3.22M€3.46M▲
Equity10/15€2.13M€2.06M▼
Contributions10/11€150k€150k=
Capital10€150k-
Issued capital100€150k-
Reserves13€1.94M€1.91M▼
Non-distributable reserves130/1€129k€121k▼
Legal reserve130€8k-
Reserves not available under the articles1311€121k€121k=
Distributable reserves133€1.81M€1.79M▼
Profit (loss) carried forward14€41k-
Amounts payable17/49€1.10M€1.40M▲
Amounts payable after more than one year17€830k€1.07M▲
Financial debts170/4€830k€1.07M▲
Amounts payable within one year42/48€266k€327k▲
Current portion of amounts payable after more than one year42€56k€88k▲
Trade debts44€38k€17k▼
Suppliers440/4€38k€17k▼
Advances received on contracts in progress46-€4k
Taxes, remuneration and social security45€172k€196k▲
Taxes450/3€172k€180k▲
Remuneration and social security454/9-€16k
Other amounts payable47/48-€23k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€55k€192k▲
Other operating charges640/8€45k€11k▼
Gross operating margin9900€25k€-29k▼
Operating profit (loss)9901€-75k€-232k▼
Financial income75/76B€1.77M€238k▼
Recurring financial income75€1.77M€238k▼
Financial charges65/66B€33k€45k▲
Recurring financial charges65€33k€45k▲
Profit (loss) for the period before taxes9903€1.66M€-39k▼
Income taxes67/77€151k-
Profit (loss) for the period9904€1.51M€-39k▼
Profit (loss) for the period to be appropriated9905€1.51M€-39k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.55M€2k▼
Profit (loss) brought forward from the previous period14P€41k€41k=
Transfer from equity791/2-€30k
Transfer to equity691/2€1.51M-
To other reserves6921€1.51M-
Profit to be distributed694/7-€32k
Return on contributions (dividend)694-€32k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-39k ▼103%
Net result drops to €-39k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €1.51M ▲385%
Net result €1.51M, the highest in the series.
31-12
Financial
Liquidity times 9current ratio 6.21
Current ratio from 0.72 to 6.21; short-term debt falls from €555k to €266k.
31-12
Financial
Equity above €2MEq €2.13M ▲246%
7 profitable years in a row build equity to €2.13M.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
31-12
Financial
Equity above €500kEq €616k ▲102%
6 profitable years in a row build equity to €616k.
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
19-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 50 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Mons · 1 establishment unit since 2015
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue Adonis Descamps 1307021 MonsGround area
1,938 m²
Building footprint
171 m²
Volume, LiDAR
999 m³
Parcel 53038C0127/00L000, Wallonia · tallest building 10.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CMD ASSOCIATED
since 20152.248.983.701
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53038C0127/00L000 | Wallonia | 1,938 m² | 1 · 171 m² | 10.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 13,422 companies in sector 73300 we hold annual accounts for 6,901. 1,897 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-12-2015
Fiscal year end31-12
Activities, NACEBEL
70210Activities of head offices; management consultancy activities
73300Public relations and communication consultancy
70200Business and other management consultancy
70220Business consulting
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 10 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.