CMD PARTNERS
ActiveSummary
CMD PARTNERS has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €91k and a net result of €24k. Equity is growing by ~11.6% per year across the filed fiscal years. Its solvency ranks better than 22% of 12738 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▲+19
Solvency47▲+6
Growth78▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity tight (current ratio 1.01 against 0.93 in 2024; short-term debt: 34.7% and cash: 9.1% of total assets), and 77.7% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Legal and accounting activities (NACE 69)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
22.3%
Return on assets
6%
Age of the figures
15 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 12738 sector peers (2025).
NBB · sector comparisonPosition among 12738 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-01-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 d early
2024
4 d early
2023
5 d early
2022
5 d early
2021
14 d late
2020
9 d late
2019
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Is the workforce growing, and do people stay?Employer check
Financials · fiscal year 2025, micro schema
Equity
€91k▲ 35.5%
2024 · €67k
Total assets
€407k▼ 0.9%
2024 · €411k
Net result
€24k▲ 539%
2024 · €4k
Working capital
€2k
2024 · €-10k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€22k▲ 83.1%€13k▼ 42.6%€15k▲ 22.7%€13k▼ 16.0%€40k▲ 207%
Net result€10k▲ 270%€3k▼ 68.0%€5k▲ 62.5%€4k▼ 28.3%€24k▲ 539%
Equity€55k▲ 23.0%€58k▲ 6.0%€63k▲ 9.2%€67k▲ 6.0%€91k▲ 35.5%
Total assets€428k▲ 0.6%€397k▼ 7.1%€403k▲ 1.5%€411k▲ 2.0%€407k▼ 0.9%
Debt€373k▼ 2.0%€339k▼ 9.0%€340k▲ 0.2%€344k▲ 1.2%€317k▼ 8.0%
Working capital€4k▲ 112%€-860€-2k▼ 189%€-10k▼ 285%€2k
Staff (FTE)2▲ 11.1%2.5▲ 25.0%2.8▲ 12.0%3.7▲ 32.1%3.4▼ 8.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 207% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €407k
Fixed assets
€264k ▼ 3.4%
Current assets
€143k ▲ 4.1%
Equity and liabilities €407k
Equity
€91k ▲ 35.5%
Debt
€317k ▼ 8.0%
Debt's share of the balance-sheet total falls from 83.7% to 77.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€52k▲
2024 · €26k
Cash flow
€37k▲
2024 · €16k
Current ratio
1.01▲
2024 · 0.93
Debt to equity
3.49▼
2024 · 5.14
ROE
26.8%▲
2024 · 5.7%
ROA
6.0%▲
2024 · 0.9%
Interest coverage
9.47▲
2024 · 4.42
Debt ≤ 1 year
€142k▼
2024 · €147k
Debt > 1 year
€175k▼
2024 · €197k
Income taxes
€10k▲
2024 · €3k
Staff costs
€165k▼
2024 · €192k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €133k | €158k | €192k | €165k | ▼ 13.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13k | €13k | €13k | €13k | €13k | ▼ 0.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €4k | - | - |
| Other operating charges640/8 | - | €780 | €8k | €14k | €16k | ▲ 20.4% |
| Gross operating margin9900 | €132k | €159k | €195k | €234k | €234k | ▼ 0.3% |
| Operating profit (loss)9901 | €22k | €13k | €15k | €13k | €40k | ▲ 207% |
| Financial income75/76B | - | €91 | €20 | €65 | €55 | ▼ 15.4% |
| Recurring financial income75 | €10 | €91 | €20 | €65 | €55 | ▼ 15.4% |
| Financial charges65/66B | - | €7k | €7k | €6k | €6k | ▼ 4.6% |
| Recurring financial charges65 | €7k | €7k | €7k | €6k | €6k | ▼ 4.6% |
| Profit (loss) for the period before taxes9903 | €15k | €6k | €9k | €7k | €34k | ▲ 375% |
| Income taxes67/77 | €4k | €2k | €4k | €3k | €10k | ▲ 191% |
| Profit (loss) for the period9904 | €10k | €3k | €5k | €4k | €24k | ▲ 539% |
| Profit (loss) for the period to be appropriated9905 | €10k | €3k | €5k | €4k | €24k | ▲ 539% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €428k | €397k | €403k | €411k | €407k | ▼ 0.9% |
| Fixed assets21/28 | €311k | €298k | €285k | €274k | €264k | ▼ 3.4% |
| Tangible fixed assets22/27 | €305k | €293k | €280k | €268k | €259k | ▼ 3.6% |
| Land and buildings22 | - | €292k | €280k | €268k | €256k | ▼ 4.2% |
| Furniture and vehicles24 | - | €874 | €247 | €756 | €2k | ▲ 200% |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €6k | ▲ 4.3% |
| Current assets29/58 | €117k | €99k | €118k | €138k | €143k | ▲ 4.1% |
| Amounts receivable within one year40/41 | €99k | €81k | €93k | €84k | €105k | ▲ 24.8% |
| Trade receivables40 | - | €81k | €93k | €83k | €104k | ▲ 24.9% |
| Other amounts receivable41 | - | €21 | €21 | €270 | €270 | = |
| Cash at bank and in hand54/58 | €18k | €18k | €25k | €54k | €37k | ▼ 30.7% |
| Deferred charges and accrued income490/1 | - | - | - | €244 | €2k | ▲ 519% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €428k | €397k | €403k | €411k | €407k | ▼ 0.9% |
| Equity10/15 | €55k | €58k | €63k | €67k | €91k | ▲ 35.5% |
| Contributions10/11 | €17k | €17k | €17k | €17k | €17k | = |
| Capital10 | - | €17k | €17k | - | - | - |
| Issued capital100 | - | €20k | €20k | - | - | - |
| Uncalled capital101 | - | €3k | €3k | - | - | - |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Legal reserve130 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €2k | €2k | = |
| Profit (loss) carried forward14 | €36k | €39k | €44k | €48k | €72k | ▲ 49.5% |
| Amounts payable17/49 | €373k | €339k | €340k | €344k | €317k | ▼ 8.0% |
| Amounts payable after more than one year17 | €260k | €239k | €218k | €197k | €175k | ▼ 11.1% |
| Financial debts170/4 | - | €239k | €218k | €197k | €175k | ▼ 11.1% |
| Amounts payable within one year42/48 | €113k | €100k | €120k | €147k | €142k | ▼ 3.8% |
| Current portion of amounts payable after more than one year42 | - | €20k | €21k | €21k | €22k | ▲ 2.4% |
| Trade debts44 | €34k | €26k | €54k | €81k | €73k | ▼ 10.0% |
| Suppliers440/4 | - | €26k | €53k | €81k | €73k | ▼ 10.0% |
| Bills of exchange payable441 | - | €244 | €706 | - | - | - |
| Taxes, remuneration and social security45 | - | €29k | €38k | €38k | €40k | ▲ 5.6% |
| Taxes450/3 | - | €20k | €22k | €22k | €26k | ▲ 18.2% |
| Remuneration and social security454/9 | - | €9k | €17k | €15k | €13k | ▼ 12.7% |
| Other amounts payable47/48 | - | €24k | €8k | €7k | €7k | ▼ 1.7% |
| Accrued charges and deferred income492/3 | - | - | €1k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10k | €3k | €5k | €4k | €24k | ▲ 539% |
| + Depreciation and write-downs630 | €13k | €13k | €13k | €13k | €13k | ▼ 0.6% |
| Operating cash flow (approximation) | €24k | €16k | €18k | €16k | €37k | ▲ 124% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-989 | €-3k | ▼ 222% |
| Change in cash | - | €-318 | €7k | €29k | €-16k | ▼ 157% |
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
28-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €24k ▲539%
Operating result €40k, net result €24k, both a record.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
26-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
14-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 14 days late
2021
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 9 days late
2020
30-06
Financial
Weakest financial yearnet €3k ▼66.2%
Net result drops to €3k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
30-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Watermaal-Bosvoorde · 1 establishment unit since 2017
Ground area
4,415 m²
Building footprint
2,124 m²
Volume, LiDAR
45,158 m³
Parcel 21652E0035/00R005, Brussels · tallest building 36.1 m, ±7 floors. Linked by address, not a title deed.
231
companies at this address
See who is registered here
1 establishment unit
CMD PARTNERS
since 20172.267.390.737
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21652E0035/00R005 | Brussels | 4,415 m² | 1 · 2,124 m² | 36.1 m · 7 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.
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Of 12,173 companies in sector 69201 we hold annual accounts for 7,638. 6,445 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
Founded06-09-2010
Fiscal year end30-06
Activities, NACEBEL 2025
69201Certified accountants and tax accountants
Scores and ratios are computed by Checked and are not a credit decision.