CMN CONCEPT
ActiveSummary
CMN CONCEPT has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €70,690 and a net result of €28,502. Equity is growing by about 67% per year across the filed financial years. Its solvency ranks better than 24% of 2,316 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Overview
- Staff
- 3.6 FTE
- Equity
- €70,690
- Profit
- €28,502
Why 68raises riskFounded in 2023Sector: Manufacture of fabricated metal products, except machinery and equipment (NACE 25)lowers riskSize: total assets €372,027Liquidity: current ratio 0.88, cash €49,637Show the evidence
Checked score
About 9 in 1,000 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 25, micro): better than 22% on solvency, 28% on liquidity, 59% on profitability and 90% on growth.
The bankruptcy probability was computed on 27-10-2026 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).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 3 accounts on average 4 days before the deadline; the sector median (NACE 25) for financial year 2024 is 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2023 to 2025net €28,502 ▲1.3%
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2023 to 2025, 3 financial years
The operating result has risen two years in a row; 2025 is 4% above 2024 and is the highest 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.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 25, Manufacture of fabricated metal products, except machinery and equipment: 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 7,976 companies that looked in July 2024 the way this one looks now, 3.6% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 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 7,976 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 | 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 | ▲ 31× |
| Suppliers440/4 | €46,826 | €497 | €15,585 | ▲ 31× |
| 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 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (3)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 27-07-2026 | 2026-00365300 |
| 31-12-2024 | micro format | 29-07-2025 | 2025-00348997 |
| 31-12-2023 | micro format | 24-07-2024 | 2024-00277461 |
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
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| LEJEUNE Laetitia |
|
| NOËL Nicolas Raymond Maurice |
|
Owners and capital
Capital and shareholders
- NOËL Nicolas Raymond Maurice 200 shares (100%) · €20,000 in cash
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 13-07-2023 Incorporation · €20,000
- 13-07-2023 Incorporation · €20,000 · 200 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
CMN CONCEPT was incorporated on 11 July 2023 as a private limited company by one natural person, with a starting capital of €20,000.12 The board currently has 2 members; 2 of them have served since 2023.2 Total assets went from €398,973 in 2023 to €372,027 in 2025 and headcount from 4.4 to 3.6 full-time equivalents.3
Acts, filings and financial milestones
13-07
Gazette deed
IncorporationAppointments: NOËL Nicolas Raymond Maurice (director) and LEJEUNE Laetitia (administrateur remplaçant) · Founding capital · Founder18 facts ▸
- Other provision, “comparution et régime matrimonial, séparation de biens avec adjonction d’une société limitée accessoire” (deed in French)
- Other provision, “le comparant, dénomination” (deed in French)
- Other provision, “registre national des personnes physiques, certification identité” (deed in French)
- Other provision, “capacité” (deed in French)
- Other provision, “lecture et projet d’acte” (deed in French)
- Incorporation, “CMN CONCEPT” (deed in French)
- Founding capital, €20,000 (2 times)
- Founder, NOËL Nicolas Raymond Maurice
- Other provision, “plan financier, capitaux propres de départ manifestement insuffisants pour mener l’activité projetée” (deed in French)
- Bank account, “compte spécial, société en formation” (deed in French)
- Other provision, “attestation dépôt”, 20000 (deed in French)
- Other provision, “arrêté des statuts” (deed in French)
- +6 further facts in this act
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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 |
|---|---|---|---|---|
| 84020A0712/00F000 | Wallonia | 3,537 m² | 1 · 334 m² | 10.6 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La fabrication de structures métalliques,de parties de structures et fermetures métalliques pour la construction; La fabrication de cadres…” (deed in French)
28 activities (deed in French)
- La fabrication de structures métalliques,de parties de structures et fermetures métalliques pour la construction
- La fabrication de cadres métalliques ou d’ossatures pour la construction et leurs éléments (tours,mâts,armatures,ponts,etc.)
- La fabrication de cadres métalliques pour équipements industriels (cadres pour hauts fourneaux,matériels de manutention,etc.)
- La fabrication de constructions préfabriquées principalement en métaux
- Baraques de chantier,éléments modulaires pour expositions,cabines téléphoniques,etc.
- Le forgeage des métaux : production de pièces forgées en métaux
- La production et le montage de pièces forgées pour la construction telles que des balustrades,rampes d’escalier,….
- La fabrication de portes et fenêtres en métal
- La fabrication de réservoirs,citernes,fûts,conteneurs métalliques
- Le revêtement non métallique des métaux : plastifiage,émaillage,laquage,etc
- Le perçage,tournage,fraisage,arasage,rabotage,rodage,brochage,dressage,sciage,meulage,affûtage,etc. de pièces métalliques
- La fabrication d’emballages métalliques légers
- La fabrication d’éléments de couverture en métal : gouttières,faîtage,etc.
- La fabrication d’articles en fils métalliques,de chaines et de ressorts ; d’articles métalliques à usage ménager et sanitaire ; d’échelles et escabeaux métalliques
- La fabrication de machine pour la métallurgie
- La fabrication de remorques,de semi-remorques et de caravanes
- La fabrication de meubles en métal ou autre qu’en métal
- La récupération des déchets métalliques
- Le commerce de tous articles produits par l’entreprise
- Le commerce de détail de quincaillerie,peintures et matériaux de construction avec surface de vente
- Le commerce d’articles de décoration
- Le montage d’éléments de structures métalliques
- Le montage et démontage d’échafaudages et de plateformes
- La réalisation de travaux d’achèvement et de finition
- La création et le placement de publicités
- La réalisation de toutes opérations immobilières comprenant notamment l’achat,la vente,l’échange,le lotissement,la promotion,la construction,la démolition,la reconstruction,la transformation,l’exploitation,la location,la gestion,l’entretien et la réparation de tous immeubles bâtis ou non,à destination d’usage professionnel,industriel,privé,meublé ou non
- L’étude,l’expertise,le conseil,l’assistance,l’apport d’affaires en matière de gestion financière et immobilière dans le cadre de son patrimoine immobilier
- Les travaux de secrétariat et autres prestations administratives
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- CMN CONCEPT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Simple décision, Région wallonne” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 12. Pouvoir de représentation Chaque administrateur représente la société à l'égard des tiers et en justice, soit en demandant, soit…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation, un ou plusieurs administrateurs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement nombre actions acquises si plusieurs, toutes cessions entre vifs à titre onéreux ou…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of June
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour les modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Présents statuts, dissolution pour quelque cause et à quelque moment que ce soit” (deed in French)