CMN CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of CMN CONCEPT is 2.2% (moderate). The 2025 annual accounts show equity of €70,690 and a net result of €28,502. Equity is growing by ~67.1% per year across the filed fiscal years. Its solvency ranks better than 23% of 1910 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability78=
Solvency44▲+8
Growth78=
Track record94
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,500 at 30 days acceptable
Liquidity short (current ratio 0.88 against 0.88 in 2024; short-term debt: 53.1% and cash: 13.3% of total assets), and 81% 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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
19%
Return on assets
7.7%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 1910 sector peers (2025).
NBB · sector comparisonPosition among 1910 sector peers
Solvency
better than 23%
← weakest
strongest →
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 27-07-2026, 4 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
4 d early
2024
2 d early
2023
7 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 4 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% of the sector filed late.
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€70,690▲ 67.6%
2024 · €42,188
Total assets
€372,027▼ 4.2%
2024 · €388,153
Net result
€28,502▲ 1.3%
2024 · €28,147
Working capital
-€24,507▼ 3.1%
2024 · -€23,775
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
Line202320242025
Operating result-€3,482-€43,978€45,561▲ 3.6%
Net result-€5,959-€28,147€28,502▲ 1.3%
Equity€14,041-€42,188▲ 200%€70,690▲ 67.6%
Total assets€398,973-€388,153▼ 2.7%€372,027▼ 4.2%
Debt€384,932-€345,965▼ 10.1%€301,338▼ 12.9%
Working capital-€76,274--€23,775▲ 68.8%-€24,507▼ 3.1%
Staff (FTE)4.4-4.2▼ 4.5%3.6▼ 14.3%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 4% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €370,865
Fixed assets
€197,799 ▼ 6.3%
Current assets
€173,066 ▼ 1.3%
Equity and liabilities €372,027
Equity
€70,690 ▲ 67.6%
Debt
€301,338 ▼ 12.9%
Debt's share of the balance-sheet total falls from 89.1% to 81.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€87,794▲
2024 · €84,486
Cash flow
€70,735▲
2024 · €68,654
Current ratio
0.88▼
2024 · 0.88
Quick ratio
0.50▼
2024 · 0.54
Debt to equity
4.26▼
2024 · 8.20
ROE
40.3%▼
2024 · 66.7%
ROA
7.7%▲
2024 · 7.3%
Interest coverage
14.05▲
2024 · 10.63
Debt ≤ 1 year
€197,573▼
2024 · €199,105
Debt > 1 year
€103,416▼
2024 · €145,349
Income taxes
€10,850▲
2024 · €7,963
Staff costs
€177,899▲
2024 · €171,742
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,264 | - |
| Remuneration, social security and pensions62 | €72,755 | €171,742 | €177,899 | ▲ 3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,844 | €40,508 | €42,233 | ▲ 4.3% |
| Other operating charges640/8 | €582 | €735 | €781 | ▲ 6.2% |
| Gross operating margin9900 | €88,700 | €256,963 | €266,474 | ▲ 3.7% |
| Operating profit (loss)9901 | -€3,482 | €43,978 | €45,561 | ▲ 3.6% |
| Financial income75/76B | €51 | €80 | €40 | ▼ 50.1% |
| Recurring financial income75 | €51 | €80 | €40 | ▼ 50.1% |
| Financial charges65/66B | €2,529 | €7,948 | €6,249 | ▼ 21.4% |
| Recurring financial charges65 | €2,529 | €7,948 | €6,249 | ▼ 21.4% |
| Profit (loss) for the period before taxes9903 | -€5,959 | €36,110 | €39,352 | ▲ 9.0% |
| Income taxes67/77 | - | €7,963 | €10,850 | ▲ 36.2% |
| Profit (loss) for the period9904 | -€5,959 | €28,147 | €28,502 | ▲ 1.3% |
| Profit (loss) for the period to be appropriated9905 | -€5,959 | €28,147 | €28,502 | ▲ 1.3% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €398,973 | €388,153 | €372,027 | ▼ 4.2% |
| Formation expenses20 | €2,062 | €1,612 | €1,162 | ▼ 27.9% |
| Fixed assets21/28 | €242,420 | €211,211 | €197,799 | ▼ 6.3% |
| Tangible fixed assets22/27 | €241,931 | €210,722 | €197,310 | ▼ 6.4% |
| Land and buildings22 | €15,460 | €15,460 | €15,460 | = |
| Plant, machinery and equipment23 | €133,206 | €110,596 | €96,144 | ▼ 13.1% |
| Furniture and vehicles24 | €44,991 | €35,943 | €28,805 | ▼ 19.9% |
| Other tangible fixed assets26 | €48,274 | €43,274 | €38,274 | ▼ 11.6% |
| Assets under construction and advance payments27 | - | €5,449 | €18,628 | ▲ 242% |
| Financial fixed assets28 | €489 | €489 | €489 | = |
| Current assets29/58 | €154,491 | €175,330 | €173,066 | ▼ 1.3% |
| Stocks and contracts in progress3 | €93,669 | €67,416 | €74,259 | ▲ 10.1% |
| Stocks30/36 | €93,669 | €67,416 | €74,259 | ▲ 10.1% |
| Amounts receivable within one year40/41 | €43,741 | €19,753 | €46,146 | ▲ 134% |
| Trade receivables40 | €35,309 | €15,505 | €32,996 | ▲ 113% |
| Other amounts receivable41 | €8,433 | €4,249 | €13,150 | ▲ 209% |
| Current investments50/53 | €0 | - | - | - |
| Cash at bank and in hand54/58 | €11,856 | €83,380 | €49,637 | ▼ 40.5% |
| Deferred charges and accrued income490/1 | €5,226 | €4,780 | €3,024 | ▼ 36.7% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €398,973 | €388,153 | €372,027 | ▼ 4.2% |
| Equity10/15 | €14,041 | €42,188 | €70,690 | ▲ 67.6% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€5,959 | €22,188 | €50,690 | ▲ 128% |
| Amounts payable17/49 | €384,932 | €345,965 | €301,338 | ▼ 12.9% |
| Amounts payable after more than one year17 | €154,167 | €145,349 | €103,416 | ▼ 28.8% |
| Financial debts170/4 | €154,167 | €145,349 | €103,416 | ▼ 28.8% |
| Amounts payable within one year42/48 | €230,765 | €199,105 | €197,573 | ▼ 0.8% |
| Current portion of amounts payable after more than one year42 | €37,073 | €42,869 | €43,983 | ▲ 2.6% |
| Trade debts44 | €46,826 | €497 | €15,585 | ▲ 3,037% |
| Suppliers440/4 | €46,826 | €497 | €15,585 | ▲ 3,037% |
| Advances received on contracts in progress46 | - | €15,266 | €30,000 | ▲ 96.5% |
| Taxes, remuneration and social security45 | €19,593 | €24,354 | €18,707 | ▼ 23.2% |
| Taxes450/3 | €1,600 | €7,027 | €7,442 | ▲ 5.9% |
| Remuneration and social security454/9 | €17,993 | €17,327 | €11,265 | ▼ 35.0% |
| Other amounts payable47/48 | €127,272 | €116,119 | €89,299 | ▼ 23.1% |
| Accrued charges and deferred income492/3 | - | €1,512 | €348 | ▼ 77.0% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | -€5,959 | €28,147 | €28,502 | ▲ 1.3% |
| + Depreciation and write-downs630 | €18,844 | €40,508 | €42,233 | ▲ 4.3% |
| Operating cash flow (approximation) | €12,885 | €68,654 | €70,735 | ▲ 3.0% |
| Investment in fixed assets (approximation) | - | -€9,298 | -€28,821 | ▼ 210% |
| Change in cash | - | €71,524 | -€33,743 | ▼ 147% |
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
27-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2023net €28,502 ▲1.3%
Operating result €45,561, net result €28,502, both a record.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €28,147
Net result €28,147 after one loss-making year.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Paliseul · 1 establishment unit since 2023
Ground area
3,537 m²
Building footprint
334 m²
Volume, LiDAR
2,809 m³
Parcel 84020A0712/00F000, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CMN Concept
since 20232.348.682.774
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84020A0712/00F000 | Wallonia | 3,537 m² | 1 · 334 m² | 10.6 m · 3 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 3,984 companies in sector 25110 we hold annual accounts for 2,145. 1,538 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
Founded11-07-2023
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
25401Forging of metal
25510Coating of metals
28910Manufacture of machinery and equipment not elsewhere classified
31001Manufacture of furniture
Contact
Scores and ratios are computed by Checked and are not a credit decision.