CMD CONSTRUCT
ActiveSummary
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
- Equity
- €176,595
- Profit
- €3,565
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
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
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
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)
- Annual accounts filedfinancial year 2024 · full…
- Weakest financial yearnet €3,565 ▼83.3%
- Annual accounts filedfinancial year 2023 · full…
Financials · financial year 2024, full format
2024 annual accounts filed late (139 days) Filed on 17 December 2025, deadline 31 July 2025 (7 months after the close on 31 December 2024, Companies Code art. 3:10). Source: NBB, 2025-00587820.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result falls in 2024; 2024 is 42% below 2023 and is the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 4,107 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97.9% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 4.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,107 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €623,096 | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €10,568 | - | €24,866 | €49,180 | ▲ 97.8% |
| Remuneration, social security and pensions62 | - | - | - | €13,368 | €40,861 | €67,989 | €77,456 | ▲ 13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,753 | €22,954 | €47,620 | €33,452 | €82,521 | €103,163 | €76,829 | ▼ 25.5% |
| Other operating charges640/8 | - | - | - | €1,627 | €3,149 | €3,420 | €4,489 | ▲ 31.2% |
| Non-recurring operating charges66A | - | - | - | €4,851 | €4,158 | - | €368 | - |
| Gross operating margin9900 | €61,400 | €104,825 | €112,447 | €146,700 | €153,409 | €205,029 | €176,688 | ▼ 13.8% |
| Operating profit (loss)9901 | €22,709 | €48,222 | €41,571 | €93,401 | €22,721 | €30,456 | €17,548 | ▼ 42.4% |
| Financial income75/76B | - | - | - | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | - | - | - | €0 | - |
| Financial charges65/66B | - | - | - | €8,646 | €11,268 | €2,422 | €10,904 | ▲ 350% |
| Recurring financial charges65 | €803 | €1,000 | €4,463 | €7,269 | €11,268 | €2,422 | €10,904 | ▲ 350% |
| Non-recurring financial charges66B | - | - | - | €1,376 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €21,906 | €47,222 | €37,108 | €84,756 | €11,453 | €28,034 | €6,644 | ▼ 76.3% |
| Income taxes67/77 | - | €4,850 | €9,793 | €3,682 | €1,657 | €6,669 | €3,078 | ▼ 53.8% |
| Profit (loss) for the period9904 | €21,906 | €42,372 | €27,315 | €81,074 | €9,796 | €21,365 | €3,565 | ▼ 83.3% |
| Profit (loss) for the period to be appropriated9905 | €21,906 | €42,372 | €27,315 | €81,074 | €9,796 | €21,365 | €3,565 | ▼ 83.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.2m | €0.3m | €0.4m | €0.4m | €1.1m | €0.9m | €1.0m | ▲ 6.5% |
| Fixed assets21/28 | €0.05m | €0.02m | €0.09m | €0.08m | €0.5m | €0.4m | €0.3m | ▼ 24.5% |
| Tangible fixed assets22/27 | €0.05m | €0.02m | €0.09m | €0.08m | €0.5m | €0.4m | €0.3m | ▼ 24.5% |
| Land and buildings22 | - | - | - | - | €0.3m | €0.3m | €0.3m | ▼ 5.6% |
| Plant, machinery and equipment23 | - | - | - | €0.006m | €0.004m | €0.004m | €0.002m | ▼ 54.7% |
| Furniture and vehicles24 | - | - | - | €0.08m | €0.2m | €0.1m | €0.06m | ▼ 60.4% |
| Financial fixed assets28 | €50 | €50 | €50 | €50 | €50 | €50 | €50 | = |
| Current assets29/58 | €0.1m | €0.3m | €0.3m | €0.3m | €0.7m | €0.5m | €0.7m | ▲ 33.9% |
| Amounts receivable within one year40/41 | €0.1m | €0.3m | €0.3m | €0.3m | €0.6m | €0.5m | €0.7m | ▲ 34.9% |
| Trade receivables40 | - | - | - | €0.3m | €0.6m | €0.4m | €0.6m | ▲ 51.0% |
| Other amounts receivable41 | - | - | - | €0.06m | €0.02m | €0.07m | €0.03m | ▼ 58.3% |
| Cash at bank and in hand54/58 | €0.003m | €0.009m | €0.003m | €0.003m | €0.04m | €0.01m | €0.003m | ▼ 67.0% |
| Deferred charges and accrued income490/1 | - | - | - | €0.002m | - | - | €0.006m | - |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.2m | €0.3m | €0.4m | €0.4m | €1.1m | €0.9m | €1.0m | ▲ 6.5% |
| Equity10/15 | €0.06m | €0.09m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 2.1% |
| Contributions10/11 | €0.006m | €0.006m | - | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Reserves13 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Non-distributable reserves130/1 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Reserves not available under the articles1311 | - | - | - | €0.003m | €0.003m | €0.003m | €0.003m | = |
| Profit (loss) carried forward14 | €0.05m | €0.08m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | ▲ 2.2% |
| Amounts payable17/49 | €0.1m | €0.2m | €0.3m | €0.3m | €1.0m | €0.8m | €0.8m | ▲ 7.5% |
| Amounts payable after more than one year17 | €0.03m | €0.02m | €0.002m | €0.02m | €0.3m | €0.3m | €0.2m | ▼ 12.9% |
| Financial debts170/4 | - | - | - | €0.02m | €0.3m | €0.3m | €0.2m | ▼ 12.9% |
| Amounts payable within one year42/48 | €0.1m | €0.2m | €0.3m | €0.3m | €0.6m | €0.5m | €0.6m | ▲ 18.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.06m | €0.05m | €0.05m | ▼ 6.8% |
| Financial debts43 | - | - | - | €0.01m | - | - | €0.006m | - |
| Credit institutions430/8 | - | - | - | €0.01m | - | - | €0.006m | - |
| Trade debts44 | €0.07m | €0.2m | €0.2m | €0.2m | €0.6m | €0.4m | €0.5m | ▲ 14.5% |
| Suppliers440/4 | - | - | - | €0.2m | €0.6m | €0.4m | €0.5m | ▲ 14.5% |
| Taxes, remuneration and social security45 | - | - | - | €0.005m | €0.004m | €0.01m | €0.003m | ▼ 68.8% |
| Taxes450/3 | - | - | - | €315 | €0.001m | €0.006m | - | - |
| Remuneration and social security454/9 | - | - | - | €0.004m | €0.003m | €0.005m | €0.003m | ▼ 32.9% |
| Other amounts payable47/48 | - | - | - | €0.04m | - | €0.01m | €0.05m | ▲ 357% |
| Accrued charges and deferred income492/3 | - | - | - | €0.008m | €0.03m | €0.002m | €0.002m | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €21,906 | €42,372 | €27,315 | €81,074 | €9,796 | €21,365 | €3,565 | ▼ 83.3% |
| + Depreciation and write-downs630 | €19,753 | €22,954 | €47,620 | €33,452 | €82,521 | €103,163 | €76,829 | ▼ 25.5% |
| Operating cash flow (approximation) | €41,660 | €65,326 | €74,935 | €114,525 | €92,317 | €124,528 | €80,394 | ▼ 35.4% |
| Investment in fixed assets (approximation) | - | €6,038 | -€116,349 | -€25,980 | -€459,181 | -€78,023 | €29,716 | - |
| Change in cash | - | €6,316 | -€6,316 | €0 | €40,995 | -€33,326 | -€7,069 | ▲ 78.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 17-12-2025 | 2025-00587820 |
| 30-11-2023 | full format | 31-12-2024 | 2025-00628511 |
| 30-11-2022 | full format | 04-07-2023 | 2023-00206305 |
| 30-11-2021 | micro format | 28-07-2022 | 2022-20250464 |
| 30-11-2020 | micro format | 28-06-2021 | 2021-26400134 |
| 30-11-2019 | micro format | 06-10-2020 | 2020-60200428 |
| 30-11-2018 | micro format | 31-08-2019 | 2019-61800273 |
| 30-11-2017 | micro format | 31-05-2018 | 2018-15100168 |
| 30-11-2016 | full format | 27-06-2017 | 2017-23000533 |
| 30-11-2015 | full format | 31-05-2016 | 2016-14300441 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
History
Acts, filings and financial milestones
26-01
Gazette deed
Legal-form change · Resignations & appointmentsPurpose change · Legal-form conversion · Capital conversion11 facts ▸
- General meeting, 29-12-2023
- Other provision, “un exemplaire restera annexé au présent acte, rapport sur modification de l'objet” (deed in French)
- Purpose change
- Other provision, “mise en conformité des statuts, première modification des statuts” (deed in French)
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Capital conversion, “limitation à zéro et mise à disposition pour distribution”, 8738 (deed in French)
- Amendment of the articles
- Capital
- Board composition, FERTADI Mihai (director)
- Power of attorney (2 times)
Show earlier events
About the unread acts
Of the 10 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 9 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 20 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0537.358.818
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21392A0058/00Y009 | Brussels | 604 m² | 1 · 253 m² | 14.0 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’entreprise générale du bâtiment, menuiserie, peinture, maçonnerie, électricité, toiture, toute autre activité de rénovation et…” (deed in French)
32 activities (deed in French)
- L’entreprise générale du bâtiment, menuiserie, peinture, maçonnerie, électricité, toiture, toute autre activité de rénovation et construction
- Transport de marchandises et de personnes
- Entreprise de design
- Entreprise de garde et sécurité
- Exploitation d’un restaurant
- Entreprise générale de nettoyage pour les clients professionnels
- Placement, installation et réparation de tout chauffage tant d’immeuble privé que professionnel, ainsi que les travaux de plomberie sanitaire
- Services ménagers dans le système des titres services
- L’exploitation d’un garage auto ainsi que la réalisation d’un commerce de voitures d’occasion y compris la location des voitures
- L’exploitation d’une entreprise de réparation de véhicules automobiles, la réparation des parties mécaniques et électriques
- Le commerce au détail de véhicules automobiles pour le transport de personnes y compris les véhicules automobiles spécialisés (ambulances), ainsi que tous les accessoires et pièces détachées
- L’exploitation d’une entreprise de courrier express
- L’informatique en général : l’élaboration et la conception de logiciel, la vente et l’achat de matériel informatique et de bureau, ainsi que de consommables de bureau, l’étude de projets informatiques au sens large, et tout ce qui se rapporte directement ou indirectement à l’informatique, la consultance, la formation, la commercialisation des services et de produits, la maintenance hardware et software
- Commerce snack-bar, boulangerie, café, patisserie
- Location de voitures et outillage de construction
- L’exploitation d’un salon de coiffure
- La fabrication de meubles
- Garderie d’enfants
- Travaux de secrétariat, de bureau et travaux administratifs
- Soutien de bureau, conseil
- Matériaux de construction, matériel électrique et électronique, sanitaire et plomberie
- Tous produits alimentaires tels que fruits, légumes, conserves, produits laitiers, produits de la mer, poissons, boucherie, articles de ménage et article cadeaux
- Vidéothèque, location de produits de divertissements, films et tous autres produits assimilés
- Tous textiles en général, vêtements divers, chaussures, cordonnerie, serrurerie, maroquinerie dans le sens le plus large
- Tous produits de l’artisanat en général, tapisserie, y compris les articles du tiers-monde, des meubles
- Tous les articles de parfumerie, de toilette, cosmétiques, produits de beauté, maquillage, ainsi que savons et détergents
- Tous les articles d’horticulture tels que fleurs, plantes, articles de jardinage, aménagement et entretien de jardins et de pépinières
- Tous livres, antiquités, brocantes, objets de décoration, machines industrielles
- Tous appareils électroménagers, tous films de bandes magnétiques, cassettes, tous articles imprimés ou enregistrés permettant leur lecture, vision ou audition
- Tous matériels de bureau et d’informatique
- Entreprise générale de nettoyage
- Car-wash, station-service
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CMD CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, transfert en tout endroit de la Région de Bruxelles-Capitale ou de la Région wallonne par simple décision de…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, avec ou sans limitation de durée” (deed in French)“Tous actes nécessaires ou utiles à accomplissement de l'objet, sous réserve de ceux que loi et statuts réservent à assemblée générale” (deed in French)“Rémunération fixe ou proportionnelle, portée aux frais généraux indépendamment frais représentation voyages déplacements” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, titulaires peuvent prendre connaissance du registre relatif à leurs titres” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Wednesday of May at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Assemblée générale formes modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed