CMDR
ActiveSummary
CMDR has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €45k and a net result of €-8k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 65% of 7029 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability2▼-82
Solvency96▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 3.31 against 3.83 in 2024; short-term debt: 29.2% of total assets), and 29.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
70.8%
Return on assets
-13.2%
Age of the figures
9 mo
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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
21 d late
2024
41 d early
2023
10 d late
2022
21 d late
2021
36 d early
2020
28 d early
2019
118 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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€45k▼ 15.7%
2024 · €53k
2018: €41k
2019: €65k
2020: €67k
2021: €73k
2022: €30k
2023: €44k
2024: €53k
2018 → 2025
Total assets
€63k▼ 11.5%
2024 · €71k
2018: €85k
2019: €75k
2020: €82k
2021: €83k
2022: €91k
2023: €52k
2024: €71k
2018 → 2025
Net result
€-8k
2024 · €8k
2018: €-18k
2019: €24k
2020: €2k
2021: €6k
2022: €8k
2023: €15k
2024: €8k
2018 → 2025
Working capital
€42k▼ 18.0%
2024 · €52k
2018: €41k
2019: €65k
2020: €66k
2021: €72k
2022: €30k
2023: €44k
2024: €52k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€73k-€30k▼ 58.9%€44k▲ 48.8%€53k▲ 18.9%€45k▼ 15.7%
Operating result€6k-€9k▲ 53.1%€17k▲ 79.7%€12k▼ 32.2%€-7k
Net result€6k-€8k▲ 41.5%€15k▲ 76.6%€8k▼ 42.4%€-8k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €7k after €12k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €63k
Fixed assets
€2k ▲ 81.8%
Current assets
€61k ▼ 13.2%
Equity and liabilities €63k
Equity
€45k ▼ 15.7%
Debt
€18k ▲ 0.7%
Debt's share of the balance-sheet total rises from 25.6% to 29.2%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-7k▼
2024 · €12k
Cash flow
€-8k▼
2024 · €8k
Current ratio
3.31▼
2024 · 3.83
Debt to equity
0.41▲
2024 · 0.34
ROE
-18.6%▼
2024 · 15.9%
ROA
-13.2%▼
2024 · 11.8%
Interest coverage
-16.05▼
2024 · 71.39
Debt ≤ 1 year
€18k▲
2024 · €18k
Income taxes
€2k▼
2024 · €4k
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 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€71k€63k▼
Fixed assets21/28€1k€2k▲
Tangible fixed assets22/27€1k€2k▲
Plant, machinery and equipment23€1k€2k▲
Financial fixed assets28€150€150=
Current assets29/58€70k€61k▼
Amounts receivable after more than one year29€59k€60k▲
Other amounts receivable291€59k€60k▲
Amounts receivable within one year40/41€11k€204▼
Trade receivables40€11k€204▼
Cash at bank and in hand54/58€57-
Equity and liabilities
Total equity and liabilities10/49€71k€63k▼
Equity10/15€53k€45k▼
Contributions10/11€6k€6k=
Reserves13€39k€39k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€37k€37k=
Profit (loss) carried forward14€8k€-590▼
Amounts payable17/49€18k€18k▲
Amounts payable within one year42/48€18k€18k▲
Financial debts43-€528
Credit institutions430/8-€528
Trade debts44€13k€2k▼
Suppliers440/4€13k€2k▼
Taxes, remuneration and social security45€6k€557▼
Taxes450/3€6k€557▼
Other amounts payable47/48-€15k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31€646▲
Other operating charges640/8€436€460▲
Gross operating margin9900€12k€-6k▼
Operating profit (loss)9901€12k€-7k▼
Financial income75/76B€1k€2k▲
Recurring financial income75€1k€2k▲
Financial charges65/66B€162€415▲
Recurring financial charges65€162€415▲
Profit (loss) for the period before taxes9903€13k€-6k▼
Income taxes67/77€4k€2k▼
Profit (loss) for the period9904€8k€-8k▼
Profit (loss) for the period to be appropriated9905€8k€-8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€-590▼
Profit (loss) brought forward from the previous period14P€8k€8k=
Transfer to equity691/2€8k-
To other reserves6921€8k-
The notes to these accounts (8 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
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 21 days late
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 10 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 6.64
Current ratio from 1.48 to 6.64; short-term debt falls from €62k to €8k.
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
25-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
03-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
2019
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 7.60
Current ratio from 1.93 to 7.60; short-term debt falls from €44k to €10k.
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brussel · 1 establishment unit since 2013
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.
Oud Korenhuis 441000 BrusselGround area
334 m²
Building footprint
162 m²
Volume, LiDAR
2,205 m³
Parcel 21004A1343/00G000, Brussels · tallest building 16.8 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CMDR
since 20132.237.732.788
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A1343/00G000 | Brussels | 334 m² | 1 · 162 m² | 16.8 m · 5 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 9,860 companies in sector 73110 we hold annual accounts for 3,753. 2,975 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded13-11-2013
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryPhone:02/6400796