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CMD CONSTRUCT

Active
Private limited companyfounded 2013active for 13 yearsDendermondsestraat 234, 1083 Ganshoren, BelgiumKBO/BCE: BE 0537.358.818
Summary

The computed 12-month bankruptcy probability of CMD CONSTRUCT is 4.5% (elevated). The 2024 annual accounts show equity of €176,595 and a net result of €3,565. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 19% of 3,533 sector peers (NACE 43, financial year 2024). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Other construction installation
NACE 43240General construction of residential buildings NACE 41001
7th largest company by total assets in Ganshoren, Construction sector1 site
Size
€989,248total assets 2024
Equity
€176,595
Profit
€3,565
Financial health
37 Weak Checked score 2024
Bankruptcy probabilitywithin 12 months
4.5%
Structure
Accounts filed 139 days late1 of 10 deeds read
Why 37raises risk1 financial year not filed after the legal deadline; latest accounts 139 days late; 2 of the last 3 lateFigures for financial year 2024 (filed 23-12-2025)Liquidity: current ratio 1.14, cash €3,477, halvedlowers riskSize: total assets €989,248Show the evidence

Checked score

Score 2024
37 / 100
Weak
Probability in this band: 4.2% to 15.0%
Financially better than 22% of its sector peers (NACE 43, micro)
Financial strength · tick = 2023
Weak
Solvency 43-1
equity 17.9% of total assets
Liquidity 20-5
short-term debt 58.7% · cash 0.4%
Profitability 69-3
return on assets 0.4%
Bankruptcy probability, 12 months
4.5% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,581 companies, NACE 43, micro)
Last 24 months 11-2024: 3.0% 12-2024: 4.4%▲ +1.4 percentage points vs 11-2024 01-2025: 4.2%▼ -0.2 percentage points vs 12-2024 02-2025: 2.3%▼ -1.9 percentage points vs 01-2025 03-2025: 2.4%▲ +0.1 percentage points vs 02-2025 04-2025: 2.5%▲ +0.1 percentage points vs 03-2025 05-2025: 2.2%▼ -0.3 percentage points vs 04-2025lowest value 06-2025: 2.5%▲ +0.3 percentage points vs 05-2025 07-2025: 3.2%▲ +0.7 percentage points vs 06-2025 08-2025: 3.7%▲ +0.5 percentage points vs 07-2025 09-2025: 5.1%▲ +1.4 percentage points vs 08-2025 10-2025: 4.9%▼ -0.2 percentage points vs 09-2025 11-2025: 5.8%▲ +0.9 percentage points vs 10-2025 12-2025: 8.1%▲ +2.3 percentage points vs 11-2025highest value 01-2026: 2.4%▼ -5.7 percentage points vs 12-2025 02-2026: 2.4%● unchanged vs 01-2026 03-2026: 2.4%● unchanged vs 02-2026 04-2026: 2.4%● unchanged vs 03-2026 05-2026: 2.4%● unchanged vs 04-2026 06-2026: 2.4%● unchanged vs 05-2026 07-2026: 2.3%▼ -0.1 percentage points vs 06-2026 08-2026: 3.1%▲ +0.8 percentage points vs 07-2026 09-2026: 3.5%▲ +0.4 percentage points vs 08-2026 10-2026: 4.5%▲ +1.0 percentage point vs 09-2026
Credit of up to €6,000 on 30-day terms, only on tighter conditions: elevated estimated bankruptcy probability calls for adjusted credit terms
Liquidity tight (current ratio 1.14, compared with 1.01 in 2023, below the usual 1.5; short-term debt: 58.7% and cash: 0.4% of total assets), and 82.1% 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 43, micro): better than 20% on solvency, 11% on liquidity and 36% on profitability.

The bankruptcy probability was computed on 19-10-2026 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 risk
raises risk · 1 financial year not filed after the legal deadline; latest accounts 139 days late; 2 of the last 3 late
NBB · filings
raises risk · Figures for financial year 2024 (filed 23-12-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.14, cash €3,477, halved
NBB · annual accounts
lowers risk · Size: total assets €989,248
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 3533 sector peers (2024).
NBB · sector comparison
Position among 3533 sector peers
Solvency
better than 19%
← weakest strongest →
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 17-12-2025, 139 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filings
Deviation from the deadline
2024
139 days late
2023
184 days late
2022
4 days late
2021
28 days late
2020
2 days early
2019
98 days late
2018
62 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 73 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2024 · full…
  2. Weakest financial yearnet €3,565 ▼83.3%
  3. Annual accounts filedfinancial year 2023 · full…

Key points

  • Caution: Latest accounts filed lateafter the legal deadline 139 days View
  • Caution: Among the weakest 20% on solvencysector median 39.9% · 3,533 companies 17.9% View
  • Positive: 7 profitable years in a rowprofit 2024: €3,565 7 years View

By topic

Financials

Financial year
2024
Total assets
€989,248
Profit
€3,565
Solvency
17.9%
Go to Financials

Timeline

Events
16
Since
2015
  1. 26-01-2024Legal-form change · Resignations & appointments
  2. 04-07-2023Annual accounts filed
  3. 28-07-2022Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other construction installationNACE 43240
Founded
07-08-2013
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
28
Who signs
Each director alone
Annual meeting
First Wednesday of May at 19:00
Purpose
“L’entreprise générale du bâtiment, menuiserie, peinture, maçonnerie, électricité, toiture…” (deed in French)
Go to Articles of association

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