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CMS-VB

Active
Private limited companyfounded 2024active for 2 yearsSalvialaan 7, 2240 Zandhoven, BelgiumKBO/BCE: BE 1006.776.856
Summary

CMS-VB has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €63,170 and a net result of €61,842. Its solvency ranks better than 66% of 17,145 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 05-03-2024 Normal situation
Activity
Development of non-residential building projects NACE 68122and 5 others
Establishment unit
2.356.891.845 2240 Zandhoven, since 05-03-2024
Financial year end
31 December
Peppol
Reachable since 06-08-2024

Board and ownership

Financial position

98 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Gross margin
€87,356
▲ 216×
Turnover
≈ €220,000
estimated
Profit
€61,842
Equity
€63,170
▲ 48×
Total assets
€126,059
▲ 187%
Score breakdownraises riskFounded in 2024lowers riskLiquidity: current ratio 1.95, cash €107,066Sector: Real estate activities (NACE 68)Equity €63,170 (50.1% of total assets)Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 85% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Strong
Solvency 75+47
equity 50.1% of total assets
Liquidity 75+25
short-term debt 49.9% · cash 84.9%
Profitability 100+86
return on assets 49.1%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,625 companies, NACE 68, micro)
Last 24 months 04-2025: 0.7% 05-2025: 0.7%● unchanged vs 04-2025 06-2025: 0.7%● unchanged vs 05-2025 07-2025: 0.8%▲ +0.1 percentage points vs 06-2025 08-2025: 0.9%▲ +0.1 percentage points vs 07-2025highest value 09-2025: 0.3%▼ -0.6 percentage points vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.4%▲ +0.1 percentage points vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.1%▼ -0.3 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: < 0.1%▼ -0.1 percentage points vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €6,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 1.95 (0.93 in 2024), above the usual 1.5. Short-term debt is 49.9% and cash 84.9% of total assets. 49.9% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 68, micro). It does better than 64% of them on solvency, 83% on liquidity, 95% on profitability and 99% on growth.

The bankruptcy probability was computed on 01-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 1.95, cash €107,066
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · Founded in 2024
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €63,170 (50.1% of total assets)
NBB · annual accounts
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 31-07-2026, 0 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
on the day
2024
12 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 2 accounts on average 6 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2024.
KBO publications

Financials

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 31-07-2026 at the NBB all 2 filings

Turnover
≈ €220,000
Estimated: probably between €120,000 and €470,000
Total assets
€126,059▲ 187%
2024 · €43,956
Net result
€61,842
2024 · -€1,671
Working capital
€59,760
2024 · -€3,013
Trend over the years

2024 to 2025, 2 financial years

The operating result for 2025 is a profit of €84,277, after a loss of €497 in 2024.

Operating result€84,277 2025 Net result€61,842 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€497-€84,277
Net result-€1,671within the sector's middle half-€61,842above the sector's middle half
Equity€1,329below the sector's middle half-€63,170within the sector's middle half▲ 48×
Total assets€43,956below the sector's middle half-€126,059below the sector's middle half▲ 187%
Debt€42,628-€62,889▲ 47.5%
Working capital-€3,013within the sector's middle half-€59,760within the sector's middle half
Solvency3.0%below the sector's middle half-50.1%within the sector's middle half▲ 47.1pp
Current ratio0.93within the sector's middle half-1.95within the sector's middle half▲ 1.02
Return on assets (ROA)-3.8%below the sector's middle half-49.1%above the sector's middle half▲ 52.9pp
above within below The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €126,059
Fixed assets €3,410 ▼ 21.5%
Current assets €122,649 ▲ 210%
Equity and liabilities €126,059
Equity €63,170 ▲ 48×
Debt €62,889 ▲ 47.5%
Debt's share of the balance-sheet total falls from 97.0% to 49.9%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€85,209▲
2024 · -€180
Cash flow
€62,773▲
2024 · -€1,354
Debt to equity
1.00▼
2024 · 32.09
ROE
97.9%▲
2024 · -125.8%
Interest coverage
over 100▲
2024 · -0.15
Debt ≤ 1 year
€62,889▲
2024 · €42,628
Income taxes
€22,343
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20242025
Tangible fixed assets€4,659-
Financial fixed assets-€0
Depreciation and write-downs of the year€317€932

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet Code20242025
Assets
Total assets20/58€43,956€126,059▲
Fixed assets21/28€4,342€3,410▼
Tangible fixed assets22/27€4,342€3,410▼
Plant, machinery and equipment23€2,811€2,239▼
Furniture and vehicles24€1,531€1,171▼
Current assets29/58€39,615€122,649▲
Amounts receivable within one year40/41€21,138€13,912▼
Trade receivables40€19,415€7,975▼
Other amounts receivable41€1,722€5,937▲
Cash at bank and in hand54/58€17,728€107,066▲
Deferred charges and accrued income490/1€749€1,671▲
Equity and liabilities
Total equity and liabilities10/49€43,956€126,059▲
Equity10/15€1,329€63,170▲
Contributions10/11€3,000€3,000=
Reserves13-€60,170
Distributable reserves133-€60,170
Profit (loss) carried forward14-€1,671€0▲
Amounts payable17/49€42,628€62,889▲
Amounts payable within one year42/48€42,628€62,889▲
Taxes, remuneration and social security45€6,299€36,051▲
Taxes450/3€6,299€36,051▲
Other amounts payable47/48€36,329€26,839▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€317€932▲
Other operating charges640/8€583€2,148▲
Gross operating margin9900€404€87,356▲
Operating profit (loss)9901-€497€84,277▲
Financial charges65/66B€1,175€92▼
Recurring financial charges65€1,175€92▼
Profit (loss) for the period before taxes9903-€1,671€84,185▲
Income taxes67/77-€22,343
Profit (loss) for the period9904-€1,671€61,842▲
Profit (loss) for the period to be appropriated9905-€1,671€61,842▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1,671€60,170▲
Profit (loss) brought forward from the previous period14P--€1,671
Transfer to equity691/2-€60,170
To other reserves6921-€60,170

The notes to these accounts have 13 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€317€932▲ 194%
Other operating charges640/8€583€2,148▲ 268%
Gross operating margin9900€404€87,356▲ 216×
Operating profit (loss)9901-€497€84,277-
Financial charges65/66B€1,175€92▼ 92.2%
Recurring financial charges65€1,175€92▼ 92.2%
Profit (loss) for the period before taxes9903-€1,671€84,185-
Income taxes67/77-€22,343-
Profit (loss) for the period9904-€1,671€61,842-
Profit (loss) for the period to be appropriated9905-€1,671€61,842-
Line20242025Change
Assets
Total assets20/58€43,956€126,059▲ 187%
Fixed assets21/28€4,342€3,410▼ 21.5%
Tangible fixed assets22/27€4,342€3,410▼ 21.5%
Plant, machinery and equipment23€2,811€2,239▼ 20.4%
Furniture and vehicles24€1,531€1,171▼ 23.5%
Current assets29/58€39,615€122,649▲ 210%
Amounts receivable within one year40/41€21,138€13,912▼ 34.2%
Trade receivables40€19,415€7,975▼ 58.9%
Other amounts receivable41€1,722€5,937▲ 245%
Cash at bank and in hand54/58€17,728€107,066▲ 504%
Deferred charges and accrued income490/1€749€1,671▲ 123%
Equity and liabilities
Total equity and liabilities10/49€43,956€126,059▲ 187%
Equity10/15€1,329€63,170▲ 48×
Contributions10/11€3,000€3,000=
Reserves13-€60,170-
Distributable reserves133-€60,170-
Profit (loss) carried forward14-€1,671€0-
Amounts payable17/49€42,628€62,889▲ 47.5%
Amounts payable within one year42/48€42,628€62,889▲ 47.5%
Taxes, remuneration and social security45€6,299€36,051▲ 472%
Taxes450/3€6,299€36,051▲ 472%
Other amounts payable47/48€36,329€26,839▼ 26.1%
Line20242025Change
Profit (loss) for the period9904-€1,671€61,842-
+ Depreciation and write-downs630€317€932▲ 194%
Operating cash flow (approximation)-€1,354€62,773-
Investment in fixed assets (approximation)-€0-
Change in cash-€89,338-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 39,278 companies had the same profile as CMS-VB has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% was still going

The bankruptcy probability of CMS-VB itself is lower: < 0.1% within 12 months. It rests on far more data about CMS-VB than the profile alone.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 39,278 companies, not a prediction for CMS-VB. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 micro format 31-07-2026 2026-00372340 PDF
31-12-2024 micro format 12-08-2025 2025-00371787 PDF

Board & ownership

Directors

Directors
1 director, no change since 2024
VAN BERKEL Wilhelmus Johannes
Director (not named in the articles) · appointed in the act of 07-03-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 31-07-2026
Current

Owners and capital

Shareholders

At incorporation act of 07-03-2024 ↗

Capital transactions

Capital over time
  1. 07-03-2024 Incorporation · €3,000 · 250 shares

Articles of association

Board ruleThese rules set how the board is made up, meets and takes decisions.
“1, natuurlijke personen of rechtspersonen,aandeelhouder of niet”

Articles of association, deed of 07-03-2024 (in Dutch)

Network & group

CMS-VB shares no director with another company.

Connections & network

1 current director
Depth

The network starts from the directors of CMS-VB. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
31-07
NBB filing Annual accounts 2025 filedNBB
micro format · on the deadline day
2025
31-12
Financial Back to profitnet €61,842
The net result is €61,842, after one loss-making year.
31-12
Financial Liquidity more than doubledcurrent ratio 1.95
The current ratio rises from 0.93 to 1.95.
12-08
NBB filing Annual accounts 2024 filedPDF
micro format · 12 days late
2024
07-03
Gazette deed Incorporation
Starting capital €3,000 · Appointment: VAN BERKEL Wilhelmus Johannes (director) · Founder13 points ▸
  • Incorporation, “CMS-VB” (deed in Dutch)
  • Founder, VAN BERKEL Wilhelmus Johannes
  • Founding capital, €3,000
  • Other provision, “financieel plan, oprichter” (deed in Dutch)
  • Bank account, “bijzondere rekening namens vennootschap in oprichting”, 3000 (deed in Dutch)
  • Other provision, “bevestiging deponering”, 3000 (deed in Dutch)
  • Share issue, “inbrengen”, 250 (deed in Dutch)
  • Other provision, “slot-en overgangsbepalingen inwerkingtreding, overeenkomstig wet” (deed in Dutch)
  • Registered office clause, “2240 Viersel (Zandhoven), Salvialaan 7” (deed in Dutch)
  • Board rule, 1
  • Director appointment, VAN BERKEL Wilhelmus Johannes (director (not named in the articles))
  • Declaration, “geen bestuursverbod, notaris” (deed in Dutch)
  • The act holds 1 more point.

Open the act in the Belgian Official Gazette

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 5 March 2024, CMS-VB was incorporated as a private limited company by one natural person, with a starting capital of €3,000.12 VAN BERKEL Wilhelmus Johannes is director of the company, appointed in the act of 07-03-2024.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 07-03-2024
  3. 3National Bank, annual accounts 2025

Company details

Register details

Identity

KBO record
Name CMS-VB in Dutch
Enterprise number 1006.776.856
Legal form Private limited company
Status Active, normale toestand
Founded 05-03-2024
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 07-03-2024 (in Dutch)

Registered office and establishments

Registered office Salvialaan 7, 2240 Zandhoven, Belgium
Establishment unit CMS-VB, Salvialaan 7, 2240 Zandhoven since 05-03-2024 · unit number 2.356.891.84533190 Repair, maintenance and installation of machinery and equipment

Activities

NACEBEL 2025
68122 Development of non-residential building projects main activity
41003 General construction of other non-residential buildings
43990 Other specialised construction activities
71121 Engineering and related technical consultancy, excluding land surveyors
73300 Public relations and communication consultancy
82990 Other business support services
Codes under NACEBEL 2008
41102 Construction of residential and non-residential buildings main activity
41203 Construction of residential and non-residential buildings
43999 Specialised construction activities
70210 Activities of head offices; management consultancy activities
71121 Engineering activities
82990 Other business support services
PurposeThe purpose describes the activities the company may carry out under its articles.
“Consulting en meer in het bijzonder projectmanagement en construction management en veiligheidscoördinatie tijdelijke of mobiele bouwplaats…”
23 activities
  1. Consulting en meer in het bijzonder projectmanagement en construction management en veiligheidscoördinatie tijdelijke of mobiele bouwplaats
  2. De in- en verkoop, de groot- en kleinhandel, de import en export, de productie, de transitohandel, de vertegenwoordiging en het geven in consignatie van mobilhome
  3. Consultancy
  4. Project management
  5. Construction management
  6. Programma/ project management
  7. Algemeen advies aan ondernemingen
  8. Projectcoördinatie
  9. Beheer en –management bouwkundige en industriële werken
  10. Het uitoefenen van consultancy en studie rond facilitaire dienstverlening
  11. Coördineren en begeleiden van bouwprojecten
  12. Veiligheidscoördinatie
  13. Veiligheidscoördinatie op tijdelijke en mobiele bouwkundige en industriële werken, grote en kleine werven
  14. Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
  15. Bouwarchitecten
  16. Ingenieurs en aanverwante technische adviseurs, exclusief landmeters
  17. Overige technische testen en toetsen
  18. Overige zakelijke dienstverlening, n.e.g.
  19. Construction manager voor grote nieuwbouw projecten in binnen- en buitenland, dit ten dienste van tussenkantoren die de onderneming koppelt aan desbetreffende projecten. Doelgroep is voornamelijk grote bedrijven in binnen- en buitenland, die de nood hebben aan kwaliteitsvolle managers om projecten te begeleiden en mensen aan te sturen.
  20. Publicaties events in de paardensector. Het opmaken van publicaties voor online en papieren uitvoering, zowel door middel van het maken van foto"s en artikels over de sport.
  21. Beheer van een eigen roerend en onroerend vermogen
  22. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden, het aankopen, verkopen, ruilen, bouwen, verbouwen, onderhouden, verhuren, huren, verkavelen, prospecteren en uitbaten van onroerende goederen, de aan- en verkoop, huur en verhuur van roerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen, alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen
  23. Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen
deed of 07-03-2024 (in Dutch)

Invoicing and payment

VAT number BE 1006.776.856
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:1006776856
Other Peppol ID 9925:BE1006776856
Registered 06-08-2024

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 2 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1006.776.856

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 18:00
deed of 07-03-2024 (in Dutch)

Sites & property

Location
registered office establishment The establishment unit on the map

Buildings and parcels at the address

Ground area
809 m²
Building footprint
128 m²
Building volume
649 m³
Cadastral parcel Region Area Buildings Height / floors
11046B0073/00R000 Flanders 809 m² 1 · 128 m² 8.8 m · 2