CMV · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of CMV is 0.9% (low). The 2024 annual accounts show equity of €114k and a net result of €58k. Equity is growing by ~27.9% per year across the filed fiscal years. The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Signals

2 signals · with evidence

Consistently profitable

Positive net result in the two most recent financial years (2023 and 2024).

View the result trend

Growing equity

Equity grew over 2022-2024. Profits are largely retained rather than distributed.

View the equity trend

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 31 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-09-2025, 60 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.

How we compute the deadline

The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	29-09-2025	60 d late	2025-00527574
31-12-2023	31-07-2024	30-09-2024	61 d late	2024-00478512
31-12-2022	31-07-2023	29-11-2023	121 d late	2023-00517882
31-12-2021	31-07-2022	15-11-2022	107 d late	2022-20519876
31-12-2020	31-07-2021	28-10-2021	89 d late	2021-74700392
31-12-2019	31-07-2020	26-01-2021	179 d late	2021-01700473
31-12-2018	31-07-2019	30-08-2019	30 d late	2019-59700308
31-12-2017	31-07-2018	08-08-2018	8 d late	2018-44600414
31-12-2016	31-07-2017	29-09-2017	60 d late	2017-65400490
31-12-2015	31-07-2016	30-08-2016	30 d late	2016-52500539

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

Long-established

Founded in 2003, 23 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

0.9% Low

0%0,5%1,5%4%10%≥25%

No NACE activity registered +Long track record −Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€58k+81.7%

Working capital€97k+13.3%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 29-09-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~27.9%/year over 7 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€89k

+70.8% 18-24

Net profit

€58k

+81.7% 18-24

Cash flow

€62k

+81.8% 18-24

Total assets

€136k

+40.4% 18-24

Equity

€114k

+26.4% 18-24

Working capital

€97k

+13.3% 18-24

Income taxes

€26k

+46.1% 18-24

Dividends

€35k

+50.4% 18-24

Show 9 other metrics

Debt

€22k

+226.2% 18-24

Debt ≤ 1y

€22k

+226.2% 18-24

Current ratio

5.37

-60.5% 18-24

Quick ratio

5.37

-60.5% 18-24

Solvency

83.7%

-10.0% 18-24

Debt / equity

0.20

+158.2% 18-24

ROE

51.2%

+43.8% 18-24

ROA

42.8%

+29.4% 18-24

Interest coverage

38.84

-28.4% 18-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€89k
Net profit	€58k
Cash flow	€62k
Staff costs	-
Income taxes	€26k
Dividends	€35k
Total assets	€136k
Equity	€114k
Debt	€22k
of which ≤ 1y	€22k
of which > 1y	-
Working capital	€97k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	5.37
Quick ratio	5.37
Working capital ratio	71.4%
Solvency	83.7%
Debt / equity	0.20
Long-term debt ratio	-
Interest coverage	38.84
Gross margin	-
Net margin	-
ROA	42.8%
ROE	51.2%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €17k · 12.3% Current assets €120k · 87.7%

Equity & liabilities

Equity €114k · 83.7% Debt €22k · 16.3%

Full annual accounts (23 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€136k
Fixed assets	21/28	€17k
Formation expenses	20	€0
Tangible fixed assets	22/27	€17k
Current assets	29/58	€120k
Amounts receivable within one year	40/41	€25k
Cash & bank	54/58	€83k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€136k
Equity	10/15	€114k
Contributions / capital	10/11	€14k
Reserves	13	€44k
Accumulated profits (losses)	14	€56k
Amounts payable	17/49	€22k
Amounts payable within one year	42/48	€22k
Trade debts payable within one year	44	€521
Income statement
Gross operating margin	9900	€95k
Operating result	9901	€86k
Financial income	75	€1k
Financial charges	65	€2k
Result before taxes	9903	€85k
Income taxes	67/77	€26k
Net result for the period	9904	€58k
Result to be appropriated	9905	€58k

This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

100 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Directors

Directors & mandates

1 director

1 of this company's 1 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.

Current directors & mandates

NANIOT Jacqueline
Director
State Gazette act 23440221 (29-11-2023)

Current
29-11-2023 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary	-
Legal form	Private limited company(610)
Incorporation	24-06-2003
Status	Active
Postal code	4870

Locations & real estate

Registered office

on the map · from the address register

exact location from the address register On OpenStreetMap

Parcels1

Ground area722 m²

Buildings1

Building footprint227 m²

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62041B0412/00H000	Wallonia	722 m²	1 · 227 m²	-

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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgisch Staatsblad · acts

1 act

All acts · 1 updated 2 years ago

2023

29-11-2023 Articles of association amended Statutes amendment

Summary: v3.2

Original publication ↗

Analysis

Financial profile

5 of 5 axes measured

96 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 100

Profitability 100

Solvency 100

Growth 78

Stability 100

Credit advice

verdict per customer and amount

Company registry

Company registry (CBE)

Crossroads Bank

Names & trade names

Legal nameFR

CMV

Registered office

Rue Haute 409

4870 Trooz, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.