CN Ventures
ActiveSummary
The computed 12-month bankruptcy probability of CN Ventures is 1.7% (moderate). The 2025 annual accounts show negative equity (-€7,812) and a net result of €2,143. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 13% of 11547 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+83
Solvency0=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.31 against 0.4 in 2024; short-term debt: 141.1% and cash: 31.1% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-41.1%
Return on assets
11.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 11547 sector peers (2025).
NBB · sector comparisonPosition among 11547 sector peers
Solvency
better than 13%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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.
NBB · 9 filingsDeviation from the deadline
2025
31 d late
2024
22 d late
2023
30 d late
2022
28 d late
2021
41 d late
2020
23 d late
2019
85 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€7,812▲ 21.5%
2024 · -€9,955
Total assets
€19,027▲ 55.9%
2024 · €12,205
Net result
€2,143
2024 · -€17,609
Working capital
-€18,423▼ 38.1%
2024 · -€13,342
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€15,353▼ 1.9%€10,570▼ 31.2%€5,704▼ 46.0%-€17,378€2,577
Net result€12,397within the sector's middle half▼ 17.6%€7,006within the sector's middle half▼ 43.5%€5,044within the sector's middle half▼ 28.0%-€17,609below the sector's middle half€2,143within the sector's middle half
Equity€5,604below the sector's middle half▲ 74.7%€7,610within the sector's middle half▲ 35.8%€7,655within the sector's middle half▲ 0.6%-€9,955below the sector's middle half-€7,812below the sector's middle half▲ 21.5%
Total assets€17,962below the sector's middle half▲ 38.6%€15,289below the sector's middle half▼ 14.9%€12,998below the sector's middle half▼ 15.0%€12,205below the sector's middle half▼ 6.1%€19,027below the sector's middle half▲ 55.9%
Debt€12,357▲ 26.7%€7,678▼ 37.9%€5,343▼ 30.4%€22,160▲ 315%€26,839▲ 21.1%
Working capital-€1,212within the sector's middle half▼ 68.3%€1,387within the sector's middle half€851within the sector's middle half▼ 38.7%-€13,342below the sector's middle half-€18,423below the sector's middle half▼ 38.1%
Solvency31.2%within the sector's middle half▲ 6.4pp49.8%within the sector's middle half▲ 18.6pp58.9%within the sector's middle half▲ 9.1pp-81.6%below the sector's middle half▼ 140.5pp-41.1%below the sector's middle half▲ 40.5pp
Current ratio0.90below the sector's middle half▼ 0.021.18within the sector's middle half▲ 0.281.16within the sector's middle half▼ 0.020.40below the sector's middle half▼ 0.760.31below the sector's middle half▼ 0.08
Return on assets (ROA)69.0%above the sector's middle half▼ 47.1pp45.8%above the sector's middle half▼ 23.2pp38.8%above the sector's middle half▼ 7.0pp-144.3%below the sector's middle half▼ 183.1pp11.3%within the sector's middle half▲ 155.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €2,577 after a loss of €17,378 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €19,027
Fixed assets
€10,611 ▲ 213%
Current assets
€8,416 ▼ 4.6%
Key figures and ratios
EBITDA
€3,356▲
2024 · -€16,803
Cash flow
€2,922▲
2024 · -€17,034
Debt to equity
-3.44▼
2024 · -2.23
Interest coverage
7.72▲
2024 · -72.31
Debt ≤ 1 year
€26,839▲
2024 · €22,160
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,632 companies that looked in July 2024 the way this one looks now, 2.9% went bankrupt within 24 months and 92% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit of 5% of the balance sheet or more
2.9%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.7% 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 497,340 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% | 1.0% |
| 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% 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 3,632 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €228 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,729 | €1,850 | €1,699 | €575 | €779 | ▲ 35.4% |
| Other operating charges640/8 | €467 | €632 | €1,509 | €519 | €2,419 | ▲ 366% |
| Gross operating margin9900 | €18,549 | €13,280 | €8,912 | -€16,285 | €5,775 | ▲ 135% |
| Operating profit (loss)9901 | €15,353 | €10,570 | €5,704 | -€17,378 | €2,577 | ▲ 115% |
| Financial income75/76B | - | - | - | €1 | €0 | ▼ 99.3% |
| Recurring financial income75 | - | - | - | €1 | €0 | ▼ 99.3% |
| Financial charges65/66B | €321 | €351 | €204 | €232 | €434 | ▲ 87.0% |
| Recurring financial charges65 | €321 | €351 | €204 | €232 | €434 | ▲ 87.0% |
| Profit (loss) for the period before taxes9903 | €15,032 | €10,219 | €5,500 | -€17,609 | €2,143 | ▲ 112% |
| Income taxes67/77 | €2,635 | €3,213 | €456 | - | - | - |
| Profit (loss) for the period9904 | €12,397 | €7,006 | €5,044 | -€17,609 | €2,143 | ▲ 112% |
| Profit (loss) for the period to be appropriated9905 | €12,397 | €7,006 | €5,044 | -€17,609 | €2,143 | ▲ 112% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,962 | €15,289 | €12,998 | €12,205 | €19,027 | ▲ 55.9% |
| Fixed assets21/28 | €6,817 | €6,224 | €6,804 | €3,387 | €10,611 | ▲ 213% |
| Intangible fixed assets21 | €550 | - | - | - | - | - |
| Tangible fixed assets22/27 | €5,089 | €5,046 | €5,626 | €2,209 | €9,433 | ▲ 327% |
| Plant, machinery and equipment23 | - | - | - | - | €821 | - |
| Furniture and vehicles24 | €5,089 | €5,046 | €5,626 | €2,209 | €8,612 | ▲ 290% |
| Financial fixed assets28 | €1,178 | €1,178 | €1,178 | €1,178 | €1,178 | = |
| Current assets29/58 | €11,145 | €9,065 | €6,194 | €8,818 | €8,416 | ▼ 4.6% |
| Amounts receivable within one year40/41 | €3,233 | €5,193 | €61 | €690 | €1,967 | ▲ 185% |
| Trade receivables40 | €3,233 | €5,193 | - | €690 | €1,815 | ▲ 163% |
| Other amounts receivable41 | - | - | €61 | - | €152 | - |
| Cash at bank and in hand54/58 | €7,446 | €3,384 | €6,132 | €8,128 | €5,910 | ▼ 27.3% |
| Deferred charges and accrued income490/1 | €465 | €489 | - | - | €539 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,962 | €15,289 | €12,998 | €12,205 | €19,027 | ▲ 55.9% |
| Equity10/15 | €5,604 | €7,610 | €7,655 | -€9,955 | -€7,812 | ▲ 21.5% |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Profit (loss) carried forward14 | -€14,396 | -€12,390 | -€12,345 | -€29,955 | -€27,812 | ▲ 7.2% |
| Amounts payable17/49 | €12,357 | €7,678 | €5,343 | €22,160 | €26,839 | ▲ 21.1% |
| Amounts payable within one year42/48 | €12,357 | €7,678 | €5,343 | €22,160 | €26,839 | ▲ 21.1% |
| Current portion of amounts payable after more than one year42 | €2,920 | - | - | - | - | - |
| Trade debts44 | €1,164 | - | €1,438 | €1,840 | €824 | ▼ 55.2% |
| Suppliers440/4 | €1,164 | - | €1,438 | €1,840 | €824 | ▼ 55.2% |
| Taxes, remuneration and social security45 | €4,862 | €7,483 | €3,905 | €1,820 | €2,017 | ▲ 10.9% |
| Taxes450/3 | €4,862 | €7,483 | €3,905 | €1,820 | €2,017 | ▲ 10.9% |
| Other amounts payable47/48 | €3,411 | €196 | - | €18,500 | €23,997 | ▲ 29.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,397 | €7,006 | €5,044 | -€17,609 | €2,143 | ▲ 112% |
| + Depreciation and write-downs630 | €2,729 | €1,850 | €1,699 | €575 | €779 | ▲ 35.4% |
| Operating cash flow (approximation) | €15,126 | €8,856 | €6,743 | -€17,034 | €2,922 | ▲ 117% |
| Investment in fixed assets (approximation) | - | -€1,257 | -€2,279 | €2,841 | -€8,002 | ▼ 382% |
| Change in cash | - | -€4,063 | €2,748 | €1,996 | -€2,218 | ▼ 211% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Back to profitnet €2,143
Net result €2,143 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet -€17,609
Net result drops to -€17,609, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
10-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 41 days late
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
31-12
Financial
Back to profitnet €15,042
Net result €15,042 after 2 loss-making years.
07-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Sint-Pieters-Woluwe · 1 establishment unit since 2016
Ground area
2,709 m²
Building footprint
719 m²
Volume, LiDAR
8,707 m³
2 parcels, Brussels, Flanders · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
WOODBIZZ
since 20162.254.094.809
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44809I0554/00Z000 | Flanders | 2,542 m² | 1 · 622 m² | 16.6 m · 5 fl. |
| 21683D0237/00E004 | Brussels | 166 m² | 1 · 97 m² | 14.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 4,414 companies in sector 46180 we hold annual accounts for 1,892. 813 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-06-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46180Agents specialised in the wholesale of other particular products
E-invoicing
Reachable via Peppol
Peppol ID
0208:0656780565
Also
9925:BE0656780565
Registered
28-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.