CN DISTRIBUTION
ActiveSummary
The computed 12-month bankruptcy probability of CN DISTRIBUTION is 2.5% (moderate). For CN DISTRIBUTION, at least two annual filings are missing. The 2023 annual accounts show equity of €581,106 and a net result of €192,402. Equity has been growing by about 29% per year since 2018. Its solvency ranks better than 58% of 2,172 sector peers (NACE 82, financial year 2023). The company has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 07-01-2009 Normal situation
- Activity
- Other business support services NACE 82990
- Establishment units
- 2.188.946.639 2230 Herselt, since 02-01-2009
- 2.359.807.981 2640 Mortsel, since 01-05-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 29-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.5%
2023 figures too old to score
Annual accounts 2023
- Gross margin
- €334,895
- ▲ 68.9%
- Turnover
- ≈ €500,000
- estimated
- Profit
- €192,402
- ▲ 63.1%
- Equity
- €581,106
- ▲ 49.5%
- Total assets
- €1.1m
- ▲ 85.5%
- 2024 accounts not filed, 460 days past the deadline
Signalsraises riskFigures for financial year 2023 (filed on 15-11-2024)2 financial years not filed after the legal deadline; last filed accounts filed 107 days late; 3 of the last 3 accounts lateTwo or more financial years not filed2023 accounts filed 107 days latelowers riskSector: Office administrative, office support and other business support activities (NACE 82)Liquidity: current ratio 2.37, cash €225,118Show the evidence
Bankruptcy probability
No current score
Figures too old
The latest figures are for FY 2023. They are too old for a current score.
Filing: At least two annual filings are missing
Financial strength, FY 2023 · tick: 2022
Strong
Solvency
77-13
equity 52.3% of total assets
Liquidity
62-15
short-term debt 30.6% · cash 20.3%
Profitability
90-3
return on assets 17.3%
Bankruptcy probability within 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%
01-2025: 0.2%● unchanged vs 12-2024lowest value
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.2%● unchanged vs 05-2025
07-2025: 0.2%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.2 percentage points vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.5%▲ +0.1 percentage points vs 10-2025
12-2025: 0.7%▲ +0.2 percentage points vs 11-2025
01-2026: 1.7%▲ +1.0 percentage point vs 12-2025
02-2026: 1.7%● unchanged vs 01-2026
03-2026: 1.7%● unchanged vs 02-2026
04-2026: 1.6%▼ -0.1 percentage points vs 03-2026
05-2026: 1.6%● unchanged vs 04-2026
06-2026: 1.6%● unchanged vs 05-2026
07-2026: 1.6%● unchanged vs 06-2026
08-2026: 2.5%▲ +0.9 percentage points vs 07-2026highest value
09-2026: 2.5%● unchanged vs 08-2026highest value
10-2026: 2.5%● unchanged vs 09-2026highest value
11-2026: 2.5%● unchanged vs 10-2026highest value
Credit check for an amount and term of your choice
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
Six signals.
lowers riskraises risk
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 year end31-07-2025 deadline03-11-2026 today
raises risk · 2023 accounts filed 107 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 15-11-2024, 107 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
107 days late
2022
153 days late
2021
207 days late
2020
153 days late
2019
236 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 5 accounts on average 171 days after the deadline. In the sector (NACE 82), the median for financial year 2024 was 7 days before the deadline, and 35% of those companies filed late.
Searched, nothing found (1)
Financials
Financials · financial year 2023, abbreviated format
2024 annual accounts not yet filed, deadline passed on 31 July 2025 The financial year closed on 31 December 2024. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 3 November 2026.
Annual accounts 2023 filed on 15-11-2024 PDF all 10 filings
Turnover
≈ €500,000
Estimated: probably between €410,000 and €710,000
Total assets
€1.1m▲ 85.5%
2022 · €599,296
Net result
€192,402▲ 63.1%
2022 · €117,992
Working capital
€467,716▲ 31.3%
2022 · €356,315
Multi-year overview
2018 to 2023, 6 financial yearsOperating result
€287,364
▲ 66.4%
2023
20182023
Net result
€192,402
▲ 63.1%
2023
highest quarter of the sector
20182023
Equity
€581,106
▲ 49.5%
2023
middle half of the sector
20182023
Total assets
€1.1m
▲ 85.5%
2023
middle half of the sector
20182023
Debt
€530,445
▲ 152%
2023
20182023
Working capital
€467,716
▲ 31.3%
2023
middle half of the sector
20182023
Solvency
52.3%
▼ 12.6pp
2023
middle half of the sector
20182023
Current ratio
2.37
▼ 0.46
2023
middle half of the sector
20182023
Return on assets (ROA)
17.3%
▼ 2.4pp
2023
highest quarter of the sector
20182023
Staff (FTE)
no figure
2023
20182023
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023
Operating result€0.04m-€0.07m▲ 72.5%€0.1m▲ 94.4%€0.03m▼ 80.4%€0.2m▲ 511%€0.3m▲ 66.4%
Net result€0.03m-€0.06m▲ 75.8%€0.09mabove the sector's middle half▲ 60.1%€0.02mwithin the sector's middle half▼ 79.0%€0.1mwithin the sector's middle half▲ 519%€0.2mabove the sector's middle half▲ 63.1%
Equity€0.1m-€0.2m▲ 54.2%€0.3mabove the sector's middle half▲ 56.3%€0.3mabove the sector's middle half▲ 7.6%€0.4mwithin the sector's middle half▲ 43.6%€0.6mwithin the sector's middle half▲ 49.5%
Total assets€0.3m-€0.3m▲ 1.5%€0.4mabove the sector's middle half▲ 64.0%€0.5mabove the sector's middle half▲ 2.9%€0.6mwithin the sector's middle half▲ 30.1%€1.1mwithin the sector's middle half▲ 85.5%
Debt€0.2m-€0.1m▼ 31.9%€0.2m▲ 75.2%€0.2m▼ 3.0%€0.2m▲ 10.8%€0.5m▲ 152%
Working capital€0.09m-€0.1m▲ 60.1%€0.2mabove the sector's middle half▲ 68.9%€0.3mabove the sector's middle half▲ 7.5%€0.4mwithin the sector's middle half▲ 38.6%€0.5mwithin the sector's middle half▲ 31.3%
Solvency38.8%-59.0%▲ 20.2pp56.2%within the sector's middle half▼ 2.8pp58.7%within the sector's middle half▲ 2.5pp64.9%within the sector's middle half▲ 6.1pp52.3%within the sector's middle half▼ 12.6pp
Current ratio1.66-2.45▲ 0.802.28within the sector's middle half▼ 0.182.61within the sector's middle half▲ 0.332.83within the sector's middle half▲ 0.222.37within the sector's middle half▼ 0.46
Return on assets (ROA)12.0%-20.7%▲ 8.8pp20.2%above the sector's middle half▼ 0.5pp4.1%within the sector's middle half▼ 16.1pp19.7%above the sector's middle half▲ 15.6pp17.3%above the sector's middle half▼ 2.4pp
Staff (FTE)0.8-0.5▼ 37.5%
above
within
below
The sector band is the middle half of the companies in Office administrative, office support and other business support activities (NACE 82). 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 operating result for 2023 is 66% higher than in 2022 and the highest since 2019. It is the second rise in a row, after the fall in 2021.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.1m
Fixed assets
€303,606 ▲ 524%
Current assets
€807,944 ▲ 46.7%
Equity and liabilities €1.1m
Equity
€581,106 ▲ 49.5%
Debt
€530,445 ▲ 152%
Debt's share of the balance-sheet total rises from 35.1% to 47.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€332,451▲
2022 · €189,328
Cash flow
€237,490▲
2022 · €134,613
Debt to equity
0.91▲
2022 · 0.54
ROE
33.1%▲
2022 · 30.4%
Interest coverage
54.26▼
2022 · over 100
Debt ≤ 1 year
€340,228▲
2022 · €194,361
Debt > 1 year
€190,217▲
2022 · €16,232
Income taxes
€91,244▲
2022 · €53,195
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Securities and guarantees
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Debts secured on the company's own assets | - | - | €200,000 |
| Mortgages, amount registered | - | - | €200,000 |
| Carrying value of the mortgaged assets | - | - | €259,525 |
Source: notes to the 2021 to 2023 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €41,929 | €21,393 | €300,073 |
| Depreciation and write-downs of the year | €19,020 | €16,621 | €45,087 |
Source: notes to the 2021 to 2023 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,894 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,608 | €12,840 | €12,840 | €19,020 | €16,621 | €45,087 | ▲ 171% |
| Other operating charges640/8 | - | - | - | €1,346 | €2,057 | €2,300 | ▲ 11.8% |
| Non-recurring operating charges66A | - | - | - | €144 | €6,903 | €144 | ▼ 97.9% |
| Gross operating margin9900 | €99,892 | €114,047 | €162,489 | €48,757 | €198,287 | €334,895 | ▲ 68.9% |
| Operating profit (loss)9901 | €43,008 | €74,173 | €144,166 | €28,248 | €172,706 | €287,364 | ▲ 66.4% |
| Financial income75/76B | - | - | - | €900 | €53 | €2,410 | ▲ 45× |
| Recurring financial income75 | €5 | €3,705 | €121 | €900 | €53 | €2,410 | ▲ 45× |
| Financial charges65/66B | - | - | - | €2,094 | €1,573 | €6,127 | ▲ 290% |
| Recurring financial charges65 | €2,472 | €3,190 | €2,708 | €2,094 | €1,573 | €6,127 | ▲ 290% |
| Profit (loss) for the period before taxes9903 | €40,541 | €74,687 | €141,579 | €27,054 | €171,187 | €283,647 | ▲ 65.7% |
| Income taxes67/77 | €8,341 | €18,073 | €50,958 | €7,999 | €53,195 | €91,244 | ▲ 71.5% |
| Profit (loss) for the period9904 | €32,201 | €56,614 | €90,621 | €19,055 | €117,992 | €192,402 | ▲ 63.1% |
| Profit (loss) for the period to be appropriated9905 | €32,201 | €56,614 | €90,621 | €19,055 | €117,992 | €192,402 | ▲ 63.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Total assets20/58 | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | €1.1m | ▲ 85.5% |
| Fixed assets21/28 | €0.05m | €0.03m | €0.02m | €0.04m | €0.05m | €0.3m | ▲ 524% |
| Tangible fixed assets22/27 | €0.05m | €0.03m | €0.02m | €0.04m | €0.05m | €0.3m | ▲ 524% |
| Land and buildings22 | - | - | - | - | - | €0.3m | - |
| Plant, machinery and equipment23 | - | - | - | €0.002m | €0.02m | €0.02m | ▲ 10.1% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.03m | €0.02m | ▼ 21.7% |
| Current assets29/58 | €0.2m | €0.2m | €0.4m | €0.4m | €0.6m | €0.8m | ▲ 46.7% |
| Stocks and contracts in progress3 | €0.05m | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.3m | €0.4m | €0.4m | €0.4m | ▲ 22.6% |
| Trade receivables40 | - | - | - | €0.1m | €0.05m | €0.1m | ▲ 161% |
| Other amounts receivable41 | - | - | - | €0.3m | €0.3m | €0.3m | ▲ 0.4% |
| Current investments50/53 | - | - | - | - | - | €0.2m | - |
| Cash at bank and in hand54/58 | €0.02m | €0.008m | €0.2m | €0.02m | €0.2m | €0.2m | ▲ 13.9% |
| Equity and liabilities | |||||||
| Total equity and liabilities10/49 | €0.3m | €0.3m | €0.4m | €0.5m | €0.6m | €1.1m | ▲ 85.5% |
| Equity10/15 | €0.1m | €0.2m | €0.3m | €0.3m | €0.4m | €0.6m | ▲ 49.5% |
| Contributions10/11 | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Capital10 | - | - | - | €0.006m | €0.006m | - | - |
| Issued capital100 | - | - | - | €0.02m | €0.02m | - | - |
| Uncalled capital101 | - | - | - | €0.01m | €0.01m | - | - |
| Reserves13 | €0.1m | €0.2m | €0.2m | €0.3m | €0.4m | €0.6m | ▲ 50.3% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | = |
| Legal reserve130 | - | - | - | €0.002m | €0.002m | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | €0.002m | - |
| Tax-exempt reserves132 | - | - | - | €0.02m | €0.02m | €0.02m | = |
| Distributable reserves133 | - | - | - | €0.2m | €0.4m | €0.6m | ▲ 53.6% |
| Amounts payable17/49 | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.5m | ▲ 152% |
| Amounts payable after more than one year17 | €0.03m | €0.01m | €0.009m | €0.03m | €0.02m | €0.2m | ▲ 12× |
| Financial debts170/4 | - | - | - | €0.03m | €0.02m | €0.2m | ▲ 12× |
| Amounts payable within one year42/48 | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.3m | ▲ 75.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.01m | €0.01m | €0.03m | ▲ 85.6% |
| Trade debts44 | €0.07m | €0.03m | €0.07m | €0.08m | €0.1m | €0.2m | ▲ 108% |
| Suppliers440/4 | - | - | - | €0.08m | €0.1m | €0.2m | ▲ 108% |
| Taxes, remuneration and social security45 | - | - | - | €0.06m | €0.08m | €0.1m | ▲ 33.3% |
| Taxes450/3 | - | - | - | €0.06m | €0.08m | €0.1m | ▲ 33.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €32,201 | €56,614 | €90,621 | €19,055 | €117,992 | €192,402 | ▲ 63.1% |
| + Depreciation and write-downs630 | €13,608 | €12,840 | €12,840 | €19,020 | €16,621 | €45,087 | ▲ 171% |
| Operating cash flow (approximation) | €45,809 | €69,454 | €103,461 | €38,075 | €134,613 | €237,490 | ▲ 76.4% |
| Investment in fixed assets (approximation) | - | -€900 | €0 | -€41,929 | -€21,393 | -€300,073 | ▼ 1,303% |
| Change in cash | - | -€14,058 | €144,285 | -€134,920 | €180,553 | €27,483 | ▼ 84.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2023 | abbreviated format | 15-11-2024 | 2024-00600376 | |
| 31-12-2022 | abbreviated format | 31-12-2023 | 2024-00545751 | |
| 31-12-2021 | micro format | 23-02-2023 | 2023-00030430 | |
| 31-12-2020 | micro format | 31-12-2021 | 2021-82600008 | |
| 31-12-2019 | micro format | 24-03-2021 | 2021-08400257 | |
| 31-12-2018 | micro format | 24-03-2021 | 2021-08400246 | |
| 31-12-2017 | micro format | 31-07-2018 | 2018-43600189 | |
| 31-12-2015 | abbreviated format | 30-09-2016 | 2016-64700323 | |
| 31-12-2014 | abbreviated format | 31-08-2015 | 2015-57100553 | |
| 31-12-2013 | abbreviated format | 30-09-2014 | 2014-64000208 |
Board & ownership
Directors
Directors
2 directors
COESEMANS AMY
Current
Director · listed in the 2023 annual accounts, filed on 15-11-2024
VAN GULIK NADINE
Current
Director · listed in the 2023 annual accounts, filed on 15-11-2024
Owners and capital
Owners
Mandate history
2 people, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| COESEMANS AMY |
|
| VAN GULIK NADINE |
|
Network & group
CN DISTRIBUTION shares no director with another company.
Companies at the same address
2 other companiesConnections & network
2 current directorsThe network starts from the directors of CN DISTRIBUTION. 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
2024
15-11
abbreviated format · 107 days late
2023
31-12
Financial
Highest result from 2018 to 2023net €192,402 ▲63.1%
The operating result of €287,364 and the net result of €192,402 are both a record.
31-12
Financial
Equity above €500,000equity €581,106 ▲49.5%
With a profit in every financial year since 2018, equity grows to €581,106.
31-12
abbreviated format · 153 days late
23-02
micro format · 207 days late
2021
31-12
Financial
Weakest financial yearnet €19,055 ▼79%
The net result drops to €19,055, the lowest from 2018 to 2023. It recovers the following year.
31-12
micro format · 153 days late
24-03
micro format · 236 days late
24-03
micro format · 602 days late
2020
31-12
Financial
Equity above €200,000equity €251,656 ▲56.3%
With a profit in every financial year since 2018, equity grows to €251,656.
2019
31-12
Financial
Equity above €150,000equity €161,035 ▲54.2%
With a profit in every financial year since 2018, equity grows to €161,035.
2018
31-07
micro format · on the deadline day
Show earlier events
2016
30-09
abbreviated format · 61 days late
2015
31-08
abbreviated format · 31 days late
2014
30-09
abbreviated format · 61 days late
2009
15-01
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
Company details
Register details
Identity
KBO recordName
CN DISTRIBUTION in Dutch
Enterprise number
0808.894.975
Legal form
Private limited company (pre-2019)
Status
Active, normale toestand
Founded
07-01-2009
Entity type
Legal entity
Registered office and establishments
Registered office
Kapkes 22, 2230 Herselt, Belgium
Establishment units
Les Etoiles, Kapkes 22, 2230 Herselt since 02-01-2009 · unit number 2.188.946.6394634901 Wholesale of beverages, general range
LES ETOILES, Statielei 85, 2640 Mortsel since 01-05-2024 · unit number 2.359.807.9814725201 Retail sale of beverages, general range
Activities
NACEBEL 202582990
Other business support services main activity
Codes under NACEBEL 2008
82990
Other business support services main activity
Invoicing and payment
VAT number
BE 0808.894.975
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Recognitions · licences · registrations
Food safety, FASFC
1 siteMortselunit number 2.359.807.981
Sites & property
Location
Buildings and parcels at the addresses
Ground area
700 m²
Building footprint
312 m²
Building volume
2,385 m³
Tallest building: 15.5 m.
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13392M0450/00N002 | Flanders | 452 m² | 1 · 83 m² | 10.4 m · 2 |
| 11512B0069/00V003 | Flanders | 248 m² | 1 · 229 m² | 15.5 m · 4 |