CMN-Construct
ActiveThe computed 12-month bankruptcy probability of CMN-Construct is 1.9% (moderate). The 2025 annual accounts show equity of €44k and a net result of €7k. Equity is growing by ~22.2% per year across the filed fiscal years. Its solvency ranks better than 62% of 7318 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
68
/ 100
Healthy▲ +10 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▼-21
Solvency70▲+8
Growth52▼-26
Stability94
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity short (current ratio 0.8 against 0.83 in 2024), and 45.3% of the assets are financed with debt.
Credit advice for your own amount and term
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 41
Relative position
BE, all sectors
reference
Sector 41
higher
← 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
54.7%
Return on assets
8.6%
Age of the figures
8 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
2 d early
2024
on the day
2023
6 d early
2022
on the day
2021
on the day
← before the deadline
after the deadline →
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
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€44k▲ 18.7%
2024 · €37k
2021: €11k
2022: €21k
2023: €38k
2024: €37k
2021 → 2025
Total assets
€81k▼ 6.1%
2024 · €86k
2021: €17k
2022: €36k
2023: €68k
2024: €86k
2021 → 2025
Net result
€7k▼ 52.0%
2024 · €14k
2021: €9k
2022: €12k
2023: €19k
2024: €14k
2021 → 2025
Working capital
€-5k▲ 39.5%
2024 · €-8k
2021: €5k
2022: €16k
2023: €16k
2024: €-8k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€11k-€21k▲ 94.1%€38k▲ 81.6%€37k▼ 1.9%€44k▲ 18.7%
Operating result€13k-€16k▲ 16.2%€26k▲ 67.3%€22k▼ 16.3%€12k▼ 45.0%
Net result€9k-€12k▲ 25.1%€19k▲ 59.6%€14k▼ 22.8%€7k▼ 52.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 45% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €81k
Fixed assets
€62k▲ 34.5%
Current assets
€19k▼ 52.2%
Equity and liabilities €81k
Equity
€44k▲ 18.7%
Debt
€37k▼ 25.0%
The debt ratio falls from 56.7% to 45.3%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€27k▼
2024 · €34k
Cash flow
€22k▼
2024 · €27k
Solvency
54.7%▲
2024 · 43.3%
Current ratio
0.80▼
2024 · 0.83
Quick ratio
0.80▼
2024 · 0.83
Debt / equity
0.83▼
2024 · 1.31
ROE
15.7%▼
2024 · 38.8%
ROA
8.6%▼
2024 · 16.8%
Interest coverage
19.66▼
2024 · 28.70
Debt
€37k▼
2024 · €49k
Debt ≤ 1 year
€24k▼
2024 · €48k
Debt > 1 year
€12k
Income taxes
€4k▼
2024 · €6k
Staff costs
€732▼
2024 · €859
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€86k€81k▼
Fixed assets21/28€46k€62k▲
Tangible fixed assets22/27€46k€62k▲
Plant, machinery and equipment23€6k€8k▲
Furniture and vehicles24€40k€48k▲
Other tangible fixed assets26-€6k
Current assets29/58€40k€19k▼
Amounts receivable within one year40/41€7k€3k▼
Trade receivables40€6k€2k▼
Other amounts receivable41€1,000€1k▲
Cash at bank and in hand54/58€32k€14k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€86k€81k▼
Equity10/15€37k€44k▲
Contributions10/11€3k€3k=
Reserves13€34k€41k▲
Distributable reserves133€34k€41k▲
Amounts payable17/49€49k€37k▼
Amounts payable after more than one year17-€12k
Financial debts170/4-€12k
Amounts payable within one year42/48€48k€24k▼
Financial debts43€20k€10k▼
Credit institutions430/8€20k€10k▼
Trade debts44€17k€1k▼
Suppliers440/4€17k€1k▼
Taxes, remuneration and social security45€11k€13k▲
Taxes450/3€9k€10k▲
Remuneration and social security454/9€2k€3k▲
Other amounts payable47/48€833€461▼
Accrued charges and deferred income492/3€447€39▼
Income statement
Code20242025
Non-recurring operating income76A-€3k
Remuneration, social security and pensions62€859€732▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€15k▲
Other operating charges640/8€909€1k▲
Gross operating margin9900€36k€29k▼
Operating profit (loss)9901€22k€12k▼
Financial income75/76B€0€23▲
Recurring financial income75€0€23▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€21k€11k▼
Income taxes67/77€6k€4k▼
Profit (loss) for the period9904€14k€7k▼
Profit (loss) for the period to be appropriated9905€14k€7k▼
Appropriation of the result
Profit (loss) to be appropriated9906€14k€7k▼
Transfer from equity791/2€14k-
Transfer to equity691/2€14k€7k▼
To other reserves6921€14k€7k▼
Profit to be distributed694/7€15k-
Return on contributions (dividend)694€15k-
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €7k ▼52%
Net result drops to €7k, the lowest in the series.
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €19k ▲59.6%
Operating result €26k, net result €19k, both a record.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
22-09-2024
Resigned as Director
Location & real-estate footprint
Registered office, Geraardsbergen · 1 establishment unit since 2021
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.
Zonnebloemstraat(Onk) 129500 GeraardsbergenGround area
943 m²
Building footprint
222 m²
Volume, LiDAR
1,496 m³
2 parcels, Flanders · tallest building 11.1 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kapittelstraat 50, 9310 Aalst
since 20212.312.208.103
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41042C0632/00B000 | Flanders | 715 m² | 1 · 117 m² | 10.2 m · 2 fl. |
| 41050A0715/02L003 | Flanders | 228 m² | 1 · 106 m² | 11.1 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 293 EUR awarded · 293 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 293 EUR | 293 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 29,535 companies in sector 41001 we hold annual accounts for 15,871. 12,822 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2021
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
43110Demolition
43120Site preparation
43350Other building finishing work
77399Renting and leasing of other machinery, equipment and tangible goods
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.