CNC MACHINING
Open bankruptcyA bankruptcy procedure is open for CNC MACHINING according to publications in the Belgian State Gazette; curator: CHARLOTTE BENOOT. The 2024 annual accounts show negative equity (€-3k) and a net result of €-10k.
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-3k
neutral · 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.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
60 d late
2023
425 d late
2022
60 d late
2021
78 d late
2020
89 d late
2019
424 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-3k
2023 · €8k
2018: €672
2019: €159
2020: €9k
2021: €5k
2022: €9k
2023: €8k
2018 → 2024
Total assets
€71k▲ 48.5%
2023 · €48k
2018: €7k
2019: €5k
2020: €37k
2021: €43k
2022: €48k
2023: €48k
2018 → 2024
Net result
€-10k▼ 614%
2023 · €-1k
2018: €-6k
2019: €-513
2020: €9k
2021: €-4k
2022: €4k
2023: €-1k
2018 → 2024
Working capital
€-6k▼ 28.9%
2023 · €-4k
2018: €943
2019: €159
2020: €18k
2021: €3k
2022: €12k
2023: €-4k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€9k-€5k▼ 41.7%€9k▲ 64.4%€8k▼ 15.8%€-3k
Operating result€9k-€-4k€4k€-1k€-9k▼ 828%
Net result€9k-€-4k€4k€-1k€-10k▼ 614%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2024 against €1k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €71k
Fixed assets
€4k▼ 70.2%
Current assets
€68k▲ 91.2%
Key figures and ratios
EBITDA
€-560▼
2023 · €8k
Cash flow
€-1k▼
2023 · €8k
Solvency
-3.6%▼
2023 · 15.8%
Current ratio
0.92▲
2023 · 0.89
Quick ratio
0.92▲
2023 · 0.89
Debt / equity
-28.58▼
2023 · 5.33
ROA
-14.3%▼
2023 · -3.0%
Interest coverage
-0.82▼
2023 · 81.48
Debt
€74k▲
2023 · €40k
Debt ≤ 1 year
€73k▲
2023 · €40k
Debt > 1 year
€833=
2023 · €833
Income taxes
€0▼
2023 · €305
Staff costs
€38k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€48k€71k▲
Fixed assets21/28€13k€4k▼
Tangible fixed assets22/27€13k€4k▼
Plant, machinery and equipment23€6k€1k▼
Furniture and vehicles24€7k€2k▼
Current assets29/58€35k€68k▲
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€35k€65k▲
Trade receivables40€21k€32k▲
Other amounts receivable41€14k€33k▲
Cash at bank and in hand54/58€541€2k▲
Deferred charges and accrued income490/1€0€430▲
Equity and liabilities
Total equity and liabilities10/49€48k€71k▲
Equity10/15€8k€-3k▼
Contributions10/11€6k€6k=
Profit (loss) carried forward14€1k€-9k▼
Amounts payable17/49€40k€74k▲
Amounts payable after more than one year17€833€833=
Other amounts payable178/9€833€833=
Amounts payable within one year42/48€40k€73k▲
Current portion of amounts payable after more than one year42€6k€6k=
Trade debts44€4k€11k▲
Suppliers440/4€4k€11k▲
Advances received on contracts in progress46€189€0▼
Taxes, remuneration and social security45€305€7k▲
Taxes450/3€305€305=
Remuneration and social security454/9-€7k
Other amounts payable47/48€30k€49k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Remuneration, social security and pensions62-€38k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€9k=
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€594
Other operating charges640/8€2k€1k▼
Gross operating margin9900€10k€39k▲
Operating profit (loss)9901€-1k€-9k▼
Financial charges65/66B€97€684▲
Recurring financial charges65€97€684▲
Profit (loss) for the period before taxes9903€-1k€-10k▼
Income taxes67/77€305€0▼
Profit (loss) for the period9904€-1k€-10k▼
Profit (loss) for the period to be appropriated9905€-1k€-10k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1k€-9k▼
Profit (loss) brought forward from the previous period14P€3k€1k▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
23-07
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Brugge · CNC MACHINING BV KORTE VULDERSSTRAAT 31, 8000 BRUGGE · event 17-07-2026
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 425 days late
2024
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series.
2023
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
31-12
Financial
Back to profitnet €4k
Net result €4k after one loss-making year.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 78 days late
2021
28-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 89 days late
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 424 days late
2020
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 4.38
Current ratio from 1.03 to 4.38.
2019
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 83 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brugge · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Korte Vuldersstraat 318000 BruggeGround area
210 m²
Building footprint
197 m²
Volume, LiDAR
2,697 m³
Parcel 31803C1316/00L000, Flanders · tallest building 18.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
CNC MACHINING
since 20172.265.578.520
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31803C1316/00L000 | Flanders | 210 m² | 1 · 197 m² | 18.0 m · 5 fl. |
Linked by address, not proof of ownership
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.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | CHARLOTTE BENOOT VAARTDIJKSTRAAT 19/B1,
8200 BRUGGE |
17-07-2026 → present |
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Of 9,862 companies in sector 73110 we hold annual accounts for 3,755. 1,862 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded17-05-2017
Fiscal year end31-12
Activities, NACEBEL
41001General construction of residential buildings
73110Advertising agencies
16281Manufacture of other wood products
22120Manufacture of rubber and plastic products
22260Manufacture of rubber and plastic products
31001Manufacture of furniture
31002Manufacture of furniture
31003Manufacture of furniture
31004Manufacture of dining room, living room, bedroom and bathroom furniture
31009Manufacture of furniture
31092Manufacture of furniture
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.