CNC.Solutions
ActiveSummary
CNC.Solutions has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €645,623 and a net result of €94,679. Equity is growing by ~29.7% per year across the filed fiscal years. Its solvency ranks better than 24% of 509 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability61▲+2
Solvency46▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity short (current ratio 0.54 against 0.79 in 2023; short-term debt: 45.6% and cash: 4.3% of total assets), and 78.9% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 509 sector peers (2024).
NBB · sector comparisonPosition among 509 sector peers
Solvency
better than 24%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-07-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
on the day
2023
55 d early
2022
18 d late
2021
122 d early
2020
22 d early
2019
17 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€645,623▲ 16.3%
2023 · €555,265
Total assets
€3.1m▲ 1.0%
2023 · €3.0m
Net result
€94,679▲ 221%
2023 · €29,489
Working capital
-€647,489▼ 125%
2023 · -€288,074
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€10,486▼ 89.5%€105,243▲ 904%€241,272▲ 129%€78,020▼ 67.7%€181,922▲ 133%
Net result-€24,326below the sector's middle half€63,281within the sector's middle half€206,734within the sector's middle half▲ 227%€29,489within the sector's middle half▼ 85.7%€94,679within the sector's middle half▲ 221%
Equity€249,436within the sector's middle half▲ 2.7%€327,685within the sector's middle half▲ 31.4%€530,097within the sector's middle half▲ 61.8%€555,265within the sector's middle half▲ 4.7%€645,623within the sector's middle half▲ 16.3%
Total assets€2.2mwithin the sector's middle half▲ 33.5%€2.3mwithin the sector's middle half▲ 2.8%€2.7mwithin the sector's middle half▲ 18.5%€3.0mwithin the sector's middle half▲ 13.3%€3.1mwithin the sector's middle half▲ 1.0%
Debt€2.0m▲ 38.9%€1.9m▼ 0.9%€2.1m▲ 11.1%€2.5m▲ 15.4%€2.4m▼ 2.5%
Working capital-€435,727▼ 278%-€328,624▲ 24.6%-€237,836▲ 27.6%-€288,074▼ 21.1%-€647,489▼ 125%
Solvency11.3%below the sector's middle half▼ 3.4pp14.5%below the sector's middle half▲ 3.2pp19.8%below the sector's middle half▲ 5.3pp18.3%below the sector's middle half▼ 1.5pp21.1%below the sector's middle half▲ 2.8pp
Staff (FTE)6within the sector's middle half▼ 7.7%7.4within the sector's middle half▲ 23.3%7.5within the sector's middle half▲ 1.4%7.2within the sector's middle half▼ 4.0%8within the sector's middle half▲ 11.1%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 133% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.1m
Fixed assets
€2.3m ▲ 17.4%
Current assets
€750,662 ▼ 29.4%
Equity and liabilities €3.1m
Equity
€645,623 ▲ 16.3%
Debt
€2.4m ▼ 2.5%
Debt's share of the balance-sheet total falls from 81.7% to 78.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€373,927▲
2023 · €231,290
Cash flow
€286,684▲
2023 · €182,760
Current ratio
0.54▼
2023 · 0.79
Quick ratio
0.28▼
2023 · 0.58
Debt to equity
3.75▼
2023 · 4.47
ROE
14.7%▲
2023 · 5.3%
ROA
3.1%▲
2023 · 1.0%
Interest coverage
4.59▼
2023 · 4.64
Debt ≤ 1 year
€1.4m▲
2023 · €1.4m
Debt > 1 year
€1.0m▼
2023 · €1.1m
Income taxes
€10,124▲
2023 · €3,791
Staff costs
€590,522▲
2023 · €476,088
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,500 companies that looked in July 2024 the way this one looks now, 1.2% went bankrupt within 24 months and 97% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.2%
went bankrupt
1.6%
stopped otherwise
97%
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 0.5% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 4,500 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €1,600 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | €439,600 | €476,088 | €590,522 | ▲ 24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,129 | €96,149 | €142,029 | €153,271 | €192,005 | ▲ 25.3% |
| Other operating charges640/8 | - | - | €16,407 | €16,610 | €15,059 | ▼ 9.3% |
| Gross operating margin9900 | €358,998 | €609,031 | €839,308 | €723,988 | €979,508 | ▲ 35.3% |
| Operating profit (loss)9901 | €10,486 | €105,243 | €241,272 | €78,020 | €181,922 | ▲ 133% |
| Financial income75/76B | - | - | €4,334 | €5,062 | €4,356 | ▼ 13.9% |
| Recurring financial income75 | €2,365 | €4,516 | €4,334 | €5,062 | €4,356 | ▼ 13.9% |
| Financial charges65/66B | - | - | €38,094 | €49,801 | €81,475 | ▲ 63.6% |
| Recurring financial charges65 | €36,581 | €45,845 | €38,094 | €49,801 | €81,475 | ▲ 63.6% |
| Profit (loss) for the period before taxes9903 | -€23,730 | €63,914 | €207,512 | €33,280 | €104,804 | ▲ 215% |
| Income taxes67/77 | €596 | €633 | €778 | €3,791 | €10,124 | ▲ 167% |
| Profit (loss) for the period9904 | -€24,326 | €63,281 | €206,734 | €29,489 | €94,679 | ▲ 221% |
| Profit (loss) for the period to be appropriated9905 | -€24,326 | €63,281 | €206,734 | €29,489 | €94,679 | ▲ 221% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.2m | €2.3m | €2.7m | €3.0m | €3.1m | ▲ 1.0% |
| Fixed assets21/28 | €1.9m | €1.9m | €2.0m | €2.0m | €2.3m | ▲ 17.4% |
| Intangible fixed assets21 | €7,104 | €10,448 | €118,537 | €155,224 | €472,864 | ▲ 205% |
| Tangible fixed assets22/27 | €1.9m | €1.9m | €1.9m | €1.8m | €1.8m | ▲ 1.4% |
| Land and buildings22 | - | - | €1.8m | €1.7m | €1.7m | ▼ 0.9% |
| Plant, machinery and equipment23 | - | - | €60,258 | €56,711 | €99,536 | ▲ 75.5% |
| Furniture and vehicles24 | - | - | €71,551 | €71,195 | €68,775 | ▼ 3.4% |
| Financial fixed assets28 | €5,300 | €5,876 | €876 | €876 | €876 | = |
| Current assets29/58 | €330,631 | €351,380 | €654,787 | €1.1m | €750,662 | ▼ 29.4% |
| Stocks and contracts in progress3 | €139,450 | €85,222 | €160,606 | €282,205 | €360,707 | ▲ 27.8% |
| Stocks30/36 | - | - | €160,606 | €282,205 | €360,707 | ▲ 27.8% |
| Amounts receivable within one year40/41 | €66,128 | €174,050 | €294,256 | €604,983 | €237,548 | ▼ 60.7% |
| Trade receivables40 | - | - | €285,847 | €566,236 | €175,783 | ▼ 69.0% |
| Other amounts receivable41 | - | - | €8,409 | €38,748 | €61,765 | ▲ 59.4% |
| Current investments50/53 | - | €43,759 | - | €52,706 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €99,813 | €36,417 | €188,306 | €93,268 | €132,688 | ▲ 42.3% |
| Deferred charges and accrued income490/1 | - | - | €11,618 | €30,536 | €19,718 | ▼ 35.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.2m | €2.3m | €2.7m | €3.0m | €3.1m | ▲ 1.0% |
| Equity10/15 | €249,436 | €327,685 | €530,097 | €555,265 | €645,623 | ▲ 16.3% |
| Contributions10/11 | - | - | €88,550 | €88,550 | €88,550 | = |
| Reserves13 | €120,567 | €159,522 | €366,256 | €395,745 | €490,424 | ▲ 23.9% |
| Non-distributable reserves130/1 | - | - | €3,173 | €52,706 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | - | €3,173 | €0 | - | - |
| Own shares acquired1312 | - | - | - | €52,706 | €0 | ▼ 100% |
| Distributable reserves133 | - | - | €363,083 | €343,039 | €490,424 | ▲ 43.0% |
| Profit (loss) carried forward14 | -€24,326 | - | - | - | - | - |
| Investment grants15 | - | - | €75,292 | €70,970 | €66,649 | ▼ 6.1% |
| Amounts payable17/49 | €2.0m | €1.9m | €2.1m | €2.5m | €2.4m | ▼ 2.5% |
| Amounts payable after more than one year17 | €1.2m | €1.2m | €1.3m | €1.1m | €1.0m | ▼ 9.5% |
| Financial debts170/4 | - | - | €1.3m | €1.1m | €1.0m | ▼ 9.5% |
| Amounts payable within one year42/48 | €766,358 | €680,004 | €892,623 | €1.4m | €1.4m | ▲ 3.4% |
| Current portion of amounts payable after more than one year42 | - | - | €130,088 | €128,567 | €141,567 | ▲ 10.1% |
| Financial debts43 | - | - | €250,000 | €575,000 | €625,000 | ▲ 8.7% |
| Credit institutions430/8 | - | - | €250,000 | €575,000 | €625,000 | ▲ 8.7% |
| Trade debts44 | €276,157 | €134,967 | €258,838 | €280,668 | €467,391 | ▲ 66.5% |
| Suppliers440/4 | - | - | €258,838 | €280,668 | €467,391 | ▲ 66.5% |
| Advances received on contracts in progress46 | - | - | €125,000 | €228,306 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | €68,923 | €86,518 | €52,391 | ▼ 39.4% |
| Taxes450/3 | - | - | €25,173 | €45,727 | €6,175 | ▼ 86.5% |
| Remuneration and social security454/9 | - | - | €43,751 | €40,791 | €46,216 | ▲ 13.3% |
| Other amounts payable47/48 | - | - | €59,774 | €52,714 | €111,802 | ▲ 112% |
| Accrued charges and deferred income492/3 | - | - | €1,594 | €1,589 | €1,083 | ▼ 31.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,326 | €63,281 | €206,734 | €29,489 | €94,679 | ▲ 221% |
| + Depreciation and write-downs630 | €58,129 | €96,149 | €142,029 | €153,271 | €192,005 | ▲ 25.3% |
| Operating cash flow (approximation) | €33,803 | €159,430 | €348,763 | €182,760 | €286,684 | ▲ 56.9% |
| Investment in fixed assets (approximation) | - | -€137,068 | -€256,171 | -€100,105 | -€534,235 | ▼ 434% |
| Change in cash | - | -€63,396 | €151,889 | -€95,038 | €39,420 | ▲ 141% |
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
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
18-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 18 days late
2022
31-12
Financial
Highest result since 2018net €206,734 ▲227%
Operating result €241,272, net result €206,734, both a record.
31-12
Financial
Equity above €500,000Eq €530,097 ▲61.8%
2 profitable years in a row build equity to €530,097.
31-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €63,281
Net result €63,281 after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet -€24,326
Net result drops to -€24,326, the lowest in the series; recovery starts the following year.
14-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Back to profitnet €73,721
Net result €73,721 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €242,892 ▲75.6%
Equity rises from €138,303 to €242,892.
Show earlier events
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
2016
22-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 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
10 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, Menen · 1 establishment unit since 2007
Ground area
2,378 m²
Building footprint
868 m²
Volume, LiDAR
12 m³
Parcel 34372B0228/00M000, Flanders · tallest building 2.3 m. Linked by address, not a title deed.
1 establishment unit
VERDONCK DEVELOPMENT & SYSTEMS
since 20072.159.065.095
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34372B0228/00M000 | Flanders | 2,378 m² | 1 · 868 m² | 2.3 m |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 8 entries · 204,094 EUR awarded · 157,778 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 4 | 6,858 EUR | 849 EUR |
| 2024 | 2 | 644 EUR | 78,644 EUR |
| 2023 | 2 | 196,592 EUR | 78,285 EUR |
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Of 136 companies in sector 28410 we hold annual accounts for 107. 89 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
Founded18-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
25110Manufacture of metal structures and parts of structures
28410Manufacture of machinery and equipment not elsewhere classified
28299Manufacture of machinery and equipment not elsewhere classified
28420Manufacture of machinery and equipment not elsewhere classified
E-invoicing
Reachable via Peppol
Peppol ID
0208:0886533280
Also
9925:BE0886533280
Registered
30-04-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.