Summary
CNB Projects is a financial institution. The bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €378,676 and a net result of -€28,492. Equity has been stable since 2018 (±0.7% per year). Its solvency ranks better than 90% of 9,754 sector peers (NACE 64, financial year 2025). The company has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Overview
Official details
Source: KBO- Status
- Active since 29-03-1990 Normal situation
- Activity
- Activities of holding companies NACE 64210and 2 others
- Establishment unit
- 2.047.799.167 2270 Herenthout, since 10-04-1990
- Financial year end
- 31 December
- Peppol
- Reachable since 15-12-2025
Financial position
Financial institution: outside the modelBankruptcy probability: sector outside the model
Annual accounts 2025
- Loss
- €28,492
- ▲ 108%
- Equity
- €378,676
- ▼ 7.0%
- Total assets
- €414,349
- ▼ 12.1%
- 2025 accounts filed 28 days after the deadline
Signalsraises risk2025 accounts filed 28 days lateShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 28 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
28 days late
2024
28 days late
2023
61 days late
2022
3 days early
2021
85 days late
2020
31 days late
2019
120 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 50 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% 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. The company usually files around 28 August (4 of the last 5 accounts filed within 34 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00444837.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 33 filings
Equity
€378,676▼ 7.0%
2024 · €407,168
Net result
-€28,492▼ 108%
2024 · -€13,690
Total assets
€414,349▼ 12.1%
2024 · €471,546
Solvency
91.4%▲ 5.0pp
2024 · 86.3%
In the rankings
#3 oldest company in Herenthout, Finance and insurance sector
Multi-year overview
2018 to 2025, 8 financial yearsOperating result
-€29,404
▼ 24.5%
2025
20182025
Net result
-€28,492
▼ 108%
2025
lowest quarter of the sector
20182025
Equity
€378,676
▼ 7.0%
2025
highest quarter of the sector
20182025
Total assets
€414,349
▼ 12.1%
2025
middle half of the sector
20182025
Debt
€35,673
▼ 44.6%
2025
20182025
Working capital
€223,751
▼ 12.1%
2025
highest quarter of the sector
20182025
Solvency
91.4%
▲ 5.0pp
2025
highest quarter of the sector
20182025
Current ratio
7.27
▲ 2.32
2025
highest quarter of the sector
20182025
Return on assets (ROA)
-6.9%
▼ 4.0pp
2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€167,082-€161,007▼ 3.6%€138,176▼ 14.2%€642▼ 99.5%-€68-€25,436▼ 37,306%-€23,614▲ 7.2%-€29,404▼ 24.5%
Net result€98,411-€103,662▲ 5.3%€91,793above the sector's middle half▼ 11.4%-€4,273below the sector's middle half-€2,581below the sector's middle half▲ 39.6%-€26,132below the sector's middle half▼ 912%-€13,690below the sector's middle half▲ 47.6%-€28,492below the sector's middle half▼ 108%
Equity€258,389-€362,051▲ 40.1%€453,844above the sector's middle half▲ 25.4%€449,571above the sector's middle half▼ 0.9%€446,990above the sector's middle half▼ 0.6%€420,858above the sector's middle half▼ 5.8%€407,168above the sector's middle half▼ 3.3%€378,676above the sector's middle half▼ 7.0%
Total assets€583,652-€690,954▲ 18.4%€709,332within the sector's middle half▲ 2.7%€593,573within the sector's middle half▼ 16.3%€558,478within the sector's middle half▼ 5.9%€486,493within the sector's middle half▼ 12.9%€471,546within the sector's middle half▼ 3.1%€414,349within the sector's middle half▼ 12.1%
Debt€325,263-€328,903▲ 1.1%€255,488▼ 22.3%€144,002▼ 43.6%€111,488▼ 22.6%€65,635▼ 41.1%€64,378▼ 1.9%€35,673▼ 44.6%
Working capital€154,612-€259,942▲ 68.1%€275,372above the sector's middle half▲ 5.9%€281,531above the sector's middle half▲ 2.2%€297,380above the sector's middle half▲ 5.6%€267,906above the sector's middle half▼ 9.9%€254,613above the sector's middle half▼ 5.0%€223,751above the sector's middle half▼ 12.1%
Solvency44.3%-52.4%▲ 8.1pp64.0%within the sector's middle half▲ 11.6pp75.7%within the sector's middle half▲ 11.8pp80.0%above the sector's middle half▲ 4.3pp86.5%above the sector's middle half▲ 6.5pp86.3%above the sector's middle half▼ 0.2pp91.4%above the sector's middle half▲ 5.0pp
Current ratio1.64-2.00▲ 0.362.11within the sector's middle half▲ 0.112.96within the sector's middle half▲ 0.843.67within the sector's middle half▲ 0.715.08above the sector's middle half▲ 1.414.95above the sector's middle half▼ 0.137.27above the sector's middle half▲ 2.32
Return on assets (ROA)16.9%-15.0%▼ 1.9pp12.9%within the sector's middle half▼ 2.1pp-0.7%below the sector's middle half▼ 13.7pp-0.5%below the sector's middle half▲ 0.3pp-5.4%below the sector's middle half▼ 4.9pp-2.9%below the sector's middle half▲ 2.5pp-6.9%below the sector's middle half▼ 4.0pp
above
within
below
The sector band is the middle half of the companies in Financial service activities, except insurance and pension funding (NACE 64). 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 2025 is a loss of €29,404, larger than the loss of €23,614 in 2024. It is the lowest result since 2021.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €414,349
Fixed assets
€154,925 ▲ 1.6%
Current assets
€259,424 ▼ 18.7%
Equity and liabilities €414,349
Equity
€378,676 ▼ 7.0%
Debt
€35,673 ▼ 44.6%
Debt's share of the balance-sheet total falls from 13.7% to 8.6%. Equity and debt are lower.
Key figures and ratios
ROE
-7.5%▼
2024 · -3.4%
Debt ≤ 1 year
€35,673▼
2024 · €64,378
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | - | €7,266 | €4,409 | €7,360 |
| Depreciation and write-downs of the year | €18,431 | €18,431 | €3,924 | €4,806 | €4,989 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,662 | €14,762 | €29,782 | €18,431 | €18,431 | €3,924 | €4,806 | €4,989 | ▲ 3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | - | - | €661 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €5,000 | -€6,000 | -€8,000 | - | - | - |
| Other operating charges640/8 | - | - | - | €7,487 | €5,810 | €2,883 | €3,110 | €2,462 | ▼ 20.8% |
| Gross operating margin9900 | €189,545 | €178,279 | €182,840 | €31,560 | €18,173 | -€26,629 | -€15,037 | -€21,953 | ▼ 46.0% |
| Operating profit (loss)9901 | €167,082 | €161,007 | €138,176 | €642 | -€68 | -€25,436 | -€23,614 | -€29,404 | ▼ 24.5% |
| Financial income75/76B | - | - | - | €13 | €19 | €33 | €10,076 | €1,110 | ▼ 89.0% |
| Recurring financial income75 | €119 | €261 | €437 | €13 | €19 | €33 | €10,076 | €1,110 | ▼ 89.0% |
| Financial charges65/66B | - | - | - | €1,675 | €884 | €505 | €152 | €198 | ▲ 30.3% |
| Recurring financial charges65 | €3,073 | €2,527 | €1,387 | €1,675 | €884 | €505 | €152 | €198 | ▲ 30.3% |
| Profit (loss) for the period before taxes9903 | €164,128 | €158,741 | €137,226 | -€1,020 | -€933 | -€25,908 | -€13,690 | -€28,492 | ▼ 108% |
| Income taxes67/77 | €65,717 | €55,079 | €45,433 | €3,253 | €1,648 | €224 | - | - | - |
| Profit (loss) for the period9904 | €98,411 | €103,662 | €91,793 | -€4,273 | -€2,581 | -€26,132 | -€13,690 | -€28,492 | ▼ 108% |
| Transfer from tax-exempt reserves789 | - | - | - | €3,901 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €102,314 | €107,562 | €95,693 | -€372 | -€2,581 | -€26,132 | -€13,690 | -€28,492 | ▼ 108% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €583,652 | €690,954 | €709,332 | €593,573 | €558,478 | €486,493 | €471,546 | €414,349 | ▼ 12.1% |
| Fixed assets21/28 | €186,405 | €171,643 | €186,472 | €168,040 | €149,610 | €152,952 | €152,555 | €154,925 | ▲ 1.6% |
| Tangible fixed assets22/27 | €186,405 | €171,643 | €186,472 | €168,040 | €149,610 | €152,952 | €152,555 | €154,925 | ▲ 1.6% |
| Land and buildings22 | - | - | - | €153,170 | €149,610 | €152,952 | €152,555 | €154,925 | ▲ 1.6% |
| Furniture and vehicles24 | - | - | - | €14,870 | - | - | - | - | - |
| Current assets29/58 | €397,247 | €519,311 | €522,860 | €425,533 | €408,868 | €333,541 | €318,991 | €259,424 | ▼ 18.7% |
| Amounts receivable within one year40/41 | €127,042 | €116,025 | €19,008 | €10,685 | €8,380 | €10,539 | €36,608 | €10,129 | ▼ 72.3% |
| Trade receivables40 | - | - | - | €6,717 | €800 | €800 | €24,860 | - | - |
| Other amounts receivable41 | - | - | - | €3,968 | €7,580 | €9,739 | €11,748 | €10,129 | ▼ 13.8% |
| Current investments50/53 | - | - | - | - | - | €215,000 | €215,000 | €215,000 | = |
| Cash at bank and in hand54/58 | €270,205 | €403,286 | €503,852 | €414,848 | €400,488 | €108,002 | €67,383 | €34,295 | ▼ 49.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €583,652 | €690,954 | €709,332 | €593,573 | €558,478 | €486,493 | €471,546 | €414,349 | ▼ 12.1% |
| Equity10/15 | €258,389 | €362,051 | €453,844 | €449,571 | €446,990 | €420,858 | €407,168 | €378,676 | ▼ 7.0% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €227,402 | €331,064 | €422,857 | €418,584 | €416,003 | €389,871 | €376,181 | €368,045 | ▼ 2.2% |
| Non-distributable reserves130/1 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Reserves not available under the articles1311 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Distributable reserves133 | - | - | - | €415,485 | €412,904 | €386,772 | €373,082 | €364,946 | ▼ 2.2% |
| Profit (loss) carried forward14 | - | - | - | - | - | - | - | -€20,356 | - |
| Amounts payable17/49 | €325,263 | €328,903 | €255,488 | €144,002 | €111,488 | €65,635 | €64,378 | €35,673 | ▼ 44.6% |
| Amounts payable after more than one year17 | €82,628 | €69,534 | €8,000 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €242,635 | €259,369 | €247,488 | €144,002 | €111,488 | €65,635 | €64,378 | €35,673 | ▼ 44.6% |
| Trade debts44 | €16,334 | €29,890 | €19,297 | €24,942 | €19,029 | €5,428 | €5,311 | €477 | ▼ 91.0% |
| Suppliers440/4 | - | - | - | €24,942 | €19,029 | €5,428 | €5,311 | €477 | ▼ 91.0% |
| Taxes, remuneration and social security45 | - | - | - | €37,686 | €13,279 | - | - | €141 | - |
| Taxes450/3 | - | - | - | €23,686 | €5,279 | - | - | €141 | - |
| Remuneration and social security454/9 | - | - | - | €14,000 | €8,000 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €81,374 | €79,180 | €60,207 | €59,067 | €35,055 | ▼ 40.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €98,411 | €103,662 | €91,793 | -€4,273 | -€2,581 | -€26,132 | -€13,690 | -€28,492 | ▼ 108% |
| + Depreciation and write-downs630 | €19,662 | €14,762 | €29,782 | €18,431 | €18,431 | €3,924 | €4,806 | €4,989 | ▲ 3.8% |
| Operating cash flow (approximation) | €118,073 | €118,424 | €121,575 | €14,158 | €15,850 | -€22,208 | -€8,884 | -€23,503 | ▼ 165% |
| Investment in fixed assets (approximation) | - | €0 | -€44,611 | €1 | -€1 | -€7,266 | -€4,409 | -€7,359 | ▼ 66.9% |
| Change in cash | - | €133,081 | €100,566 | -€89,004 | -€14,360 | -€292,486 | -€40,619 | -€33,088 | ▲ 18.5% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00444837 | |
| 31-12-2024 | micro format | 28-08-2025 | 2025-00448784 | |
| 31-12-2023 | micro format | 30-09-2024 | 2024-00494055 | |
| 31-12-2022 | micro format | 28-07-2023 | 2023-00291287 | |
| 31-12-2021 | micro format | 24-10-2022 | 2022-20479394 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-64400045 | |
| 31-12-2019 | micro format | 28-11-2020 | 2020-74000274 | |
| 31-12-2018 | micro format | 31-08-2019 | 2019-63700574 | |
| 31-12-2017 | micro format | 30-09-2018 | 2018-67600160 | |
| 31-12-2016 | micro format | 31-10-2017 | 2017-68700064 |
Board & ownership
Directors
Directors
1 director, no change since 2024
Jimmy Ceusters
Current
Director (not named in the articles) · in office according to the act of 12-12-2024 · earlier director, until 12-12-2024
Owners and capital
Capital transactions
Capital over time
- 12-12-2024 Converted to unavailable equity · €34,085.36
Mandate history
1 person, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Jimmy Ceusters |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Voor duur van bestaan, 1”
Articles of association, deed of 12-12-2024 (in Dutch)
Network & group
CNB Projects shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of CNB Projects. 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:
2026
28-08
micro format · 28 days late
2025
31-12
Financial
Weakest financial yearnet -€28,492
The net result drops to -€28,492, the lowest from 2018 to 2025.
28-08
micro format · 28 days late
2024
12-12
Gazette deed
Company renamed from Accountantskantoor Ceusters to CNB ProjectsResignation: Jimmy Ceusters (director) · Reappointment: Jimmy Ceusters (director) · Amendment of the articles12 points ▸
Gazette deed
Company renamed from Accountantskantoor Ceusters to CNB Projects
Resignation: Jimmy Ceusters (director) · Reappointment: Jimmy Ceusters (director) · Amendment of the articles12 points ▸
- General meeting, 09-12-2024
- Amendment of the articles, mentioned 3 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing en beschikbaarstelling voor uitkering, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Name change, CNB Projects
- Purpose change
- Other provision, “geschiedenis naam en rechtsvorm artikel 1, naamloze vennootschap” (deed in Dutch)
- Capital
- Director resignation, Jimmy Ceusters (director)
- Director discharge, Jimmy Ceusters
- Director reappointment, Jimmy Ceusters (director (not named in the articles))
- Registered office clause, “2270 Herenthout, Bouwelse Steenweg 36” (deed in Dutch)
30-09
micro format · 61 days late
2023
28-07
micro format · 3 days before the deadline
2022
24-10
micro format · 85 days late
2021
31-08
micro format · 31 days late
2020
28-11
micro format · 120 days late
2019
31-12
Financial
Highest result from 2018 to 2025net €103,662 ▲5.3%
The net result of €103,662 is the highest of those years.
31-08
micro format · 31 days late
2018
30-09
micro format · 61 days late
2017
31-10
micro format · 92 days late
1990
21-04
Gazette deed
Incorporation
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
CNB Projects in Dutch
Former name
Accountantskantoor Ceusters until the act of 12-12-2024
Enterprise number
0440.157.294
Legal form
Private limited company
Status
Active, normale toestand
Founded
29-03-1990
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-12-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest, verplaatsing in Vlaamse en Hoofdstedelijk gewest bij besluit bestuursorgaan”
deed of 12-12-2024 (in Dutch)Registered office and establishments
Registered office
Bouwelse Steenweg 36, 2270 Herenthout, Belgium
Establishment unit
CNB PROJECTS, Bouwelse Steenweg 36, 2270 Herenthout since 10-04-1990 · unit number 2.047.799.167
Activities
NACEBEL 202564210
Activities of holding companies main activity
68110
Buying and selling of own real estate
70200
Business and other management consultancy
Codes under NACEBEL 2008
64200
Holdings main activity
68100
Real estate activities
70220
Business consulting
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 12-12-2024 (in Dutch)
“Het in de ruimste zin van het woord verlenen van consultancy diensten en bijstand aan particulieren,de bedrijfswereld,de non-profit sector…”
11 activities
- Het in de ruimste zin van het woord verlenen van consultancy diensten en bijstand aan particulieren,de bedrijfswereld,de non-profit sector en de overheid.
- Het organiseren en geven van opleidingen,coaching,begeleiding,workshops,vormingen en trainingen.
- Het uitvoeren van algemene bouw- en renovatiewerken in de ruimste zin van het woord.
- Onderhoud en algemene klusjesdienst.
- Het uitvoeren van alle tuinwerkzaamheden.
- Verhuur en exploitatie van alle mogelijke onroerende goederen.
- Projectontwikkeling.
- Tussenpersoon in de handel en trading activiteiten.
- Alle activiteiten als holding,patrimoniumvennootschap,beheermaatschappij,managementvennootschap,syndicus,expert,commissionair en adviseur.
- Het aanleggen,het oordeelkundig uitbouwen en beheren van onroerende goederen:het verwerven,vervreemden,beheren,uitbaten,valoriseren,verkavelen,huren en verhuren,bouwen en verbouwen,promotie en makelen in onroerende goederen,evenals alle onroerende transacties en verrichtingen in de meest uitgebreide zin.
- De aankoop en verkoop en het aanhouden van aandelen,obligaties en alle andere roerende waarden en rechten.
Invoicing and payment
VAT number
BE 0440.157.294
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Tuesday of June at 14:00
deed of 12-12-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
906 m²
Building footprint
159 m²
Building volume
1,148 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13012E0265/00N007 | Flanders | 906 m² | 1 · 159 m² | 11.2 m · 2 |