CNET
ActiveSummary
CNET has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,449 and a net result of -€5,213. Equity is growing by ~43.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 28254 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability14▼-65
Solvency65▼-23
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Liquidity ample (current ratio 1.66 against 2.67 in 2024; short-term debt: 60.2% and cash: 2% of total assets), but 60.2% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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
39.8%
Return on assets
-9.2%
Age of the figures
9 mo
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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
29 d late
2023
21 d late
2022
21 d late
2021
16 d late
2020
30 d late
2019
95 d late
← 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 30 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% 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 21 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€5,213
2024 · €7,254
Working capital
€22,449▼ 18.8%
2024 · €27,663
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20212022202320242025
Operating result€10,249▲ 497%€12,493▲ 21.9%€8,789▼ 29.6%€10,515▲ 19.6%-€4,908
Net result€9,983within the sector's middle half▲ 600%€12,007within the sector's middle half▲ 20.3%€6,438within the sector's middle half▼ 46.4%€7,254within the sector's middle half▲ 12.7%-€5,213below the sector's middle half
Equity€1,964below the sector's middle half€13,971below the sector's middle half▲ 612%€20,409within the sector's middle half▲ 46.1%€27,663within the sector's middle half▲ 35.5%€22,449within the sector's middle half▼ 18.8%
Total assets€22,971below the sector's middle half▼ 18.9%€30,125below the sector's middle half▲ 31.1%€43,571below the sector's middle half▲ 44.6%€44,179below the sector's middle half▲ 1.4%€56,377below the sector's middle half▲ 27.6%
Debt€21,008▼ 42.2%€16,154▼ 23.1%€23,162▲ 43.4%€16,517▼ 28.7%€33,928▲ 105%
Working capital€1,964below the sector's middle half€13,971within the sector's middle half▲ 612%€20,409within the sector's middle half▲ 46.1%€27,663within the sector's middle half▲ 35.5%€22,449within the sector's middle half▼ 18.8%
Solvency8.5%below the sector's middle half▲ 36.9pp46.4%within the sector's middle half▲ 37.8pp46.8%within the sector's middle half▲ 0.5pp62.6%within the sector's middle half▲ 15.8pp39.8%within the sector's middle half▼ 22.8pp
Current ratio1.09below the sector's middle half▲ 0.311.86within the sector's middle half▲ 0.771.88within the sector's middle half▲ 0.022.67within the sector's middle half▲ 0.791.66within the sector's middle half▼ 1.01
Return on assets (ROA)43.5%above the sector's middle half▲ 38.4pp39.9%above the sector's middle half▼ 3.6pp14.8%within the sector's middle half▼ 25.1pp16.4%within the sector's middle half▲ 1.6pp-9.2%below the sector's middle half▼ 25.7pp
Staff (FTE)1.1below the sector's middle half=3.6▲ 227%5▲ 38.9%5.1▲ 2.0%5.7▲ 11.8%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €4,908 after €10,515 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €56,377
Equity
€22,449 ▼ 18.8%
Debt
€33,928 ▲ 105%
Debt's share of the balance-sheet total rises from 37.4% to 60.2%. Equity is lower and debt is higher.
Key figures and ratios
Debt to equity
1.51▲
2024 · 0.60
ROE
-23.2%▼
2024 · 26.2%
Debt ≤ 1 year
€33,928▲
2024 · €16,517
Staff costs
€81,692▼
2024 · €84,573
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,915 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 91% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a small loss
1.1%
went bankrupt
7.8%
stopped otherwise
91%
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 1.2% 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 497,662 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% | 1.7% |
| 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 75% 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 6,915 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 | €42,569 | €49,183 | €77,194 | €84,573 | €81,692 | ▼ 3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€5,310 | - | - | - | - |
| Other operating charges640/8 | €391 | €745 | €1,726 | €735 | €186 | ▼ 74.7% |
| Gross operating margin9900 | €53,208 | €57,111 | €87,709 | €95,823 | €76,969 | ▼ 19.7% |
| Operating profit (loss)9901 | €10,249 | €12,493 | €8,789 | €10,515 | -€4,908 | ▼ 147% |
| Financial income75/76B | - | €35 | €7 | €0 | - | - |
| Recurring financial income75 | - | €35 | €7 | €0 | - | - |
| Financial charges65/66B | €265 | €520 | €1,607 | €550 | €305 | ▼ 44.6% |
| Recurring financial charges65 | €239 | €520 | €1,607 | €550 | €305 | ▼ 44.6% |
| Non-recurring financial charges66B | €26 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €9,983 | €12,007 | €7,190 | €9,964 | -€5,213 | ▼ 152% |
| Income taxes67/77 | - | - | €752 | €2,711 | - | - |
| Profit (loss) for the period9904 | €9,983 | €12,007 | €6,438 | €7,254 | -€5,213 | ▼ 172% |
| Profit (loss) for the period to be appropriated9905 | €9,983 | €12,007 | €6,438 | €7,254 | -€5,213 | ▼ 172% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €22,971 | €30,125 | €43,571 | €44,179 | €56,377 | ▲ 27.6% |
| Formation expenses20 | - | - | - | €0 | - | - |
| Fixed assets21/28 | - | - | - | €0 | - | - |
| Intangible fixed assets21 | - | - | - | €0 | - | - |
| Tangible fixed assets22/27 | - | - | - | €0 | - | - |
| Plant, machinery and equipment23 | - | - | - | €0 | - | - |
| Furniture and vehicles24 | - | - | - | €0 | - | - |
| Current assets29/58 | €22,971 | €30,125 | €43,571 | €44,179 | €56,377 | ▲ 27.6% |
| Amounts receivable within one year40/41 | €17,736 | €27,781 | €39,314 | €37,425 | €55,276 | ▲ 47.7% |
| Trade receivables40 | €17,700 | €27,738 | €39,246 | €31,290 | €45,391 | ▲ 45.1% |
| Other amounts receivable41 | €37 | €42 | €68 | €6,135 | €9,885 | ▲ 61.1% |
| Cash at bank and in hand54/58 | €5,235 | €2,344 | €4,257 | €6,552 | €1,102 | ▼ 83.2% |
| Deferred charges and accrued income490/1 | - | - | - | €202 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €22,971 | €30,125 | €43,571 | €44,179 | €56,377 | ▲ 27.6% |
| Equity10/15 | €1,964 | €13,971 | €20,409 | €27,663 | €22,449 | ▼ 18.8% |
| Contributions10/11 | €16,200 | €16,200 | €16,200 | €16,200 | €16,200 | = |
| Capital10 | €16,200 | €16,200 | - | - | - | - |
| Issued capital100 | €18,600 | €18,600 | - | - | - | - |
| Uncalled capital101 | €2,400 | €2,400 | - | - | - | - |
| Profit (loss) carried forward14 | -€14,236 | -€2,229 | €4,209 | €11,463 | €6,249 | ▼ 45.5% |
| Amounts payable17/49 | €21,008 | €16,154 | €23,162 | €16,517 | €33,928 | ▲ 105% |
| Amounts payable within one year42/48 | €21,008 | €16,154 | €23,162 | €16,517 | €33,928 | ▲ 105% |
| Trade debts44 | €3,624 | €7,598 | €11,695 | €3,761 | €12,452 | ▲ 231% |
| Suppliers440/4 | €3,624 | €7,598 | €11,695 | €3,761 | €12,452 | ▲ 231% |
| Taxes, remuneration and social security45 | €4,008 | €5,280 | €11,467 | €12,756 | €21,476 | ▲ 68.4% |
| Taxes450/3 | €789 | €175 | €2,595 | €3,688 | €7,007 | ▲ 90.0% |
| Remuneration and social security454/9 | €3,219 | €5,105 | €8,872 | €9,068 | €14,469 | ▲ 59.6% |
| Other amounts payable47/48 | €13,376 | €3,276 | - | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €9,983 | €12,007 | €6,438 | €7,254 | -€5,213 | ▼ 172% |
| Operating cash flow (approximation) | €9,983 | €12,007 | €6,438 | €7,254 | -€5,213 | ▼ 172% |
| Change in cash | - | -€2,891 | €1,912 | €2,295 | -€5,451 | ▼ 337% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€5,213
Net result drops to -€5,213, the lowest in the series.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 21 days late
2023
21-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 16 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 30 days late
2020
03-11
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 95 days late
2019
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 27 days late
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 29 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Beyne-Heusay · 1 establishment unit since 2013
Ground area
36 m²
Building footprint
24 m²
Volume, LiDAR
176 m³
Parcel 62015B0409/00M002, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
K Y K
since 20132.216.142.370
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 62015B0409/00M002 | Wallonia | 36 m² | 1 · 24 m² | 8.4 m · 2 fl. |
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.
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Of 7,300 companies in sector 43350 we hold annual accounts for 2,362. 1,813 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
Founded30-01-2013
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
81220Other building cleaning and industrial cleaning
81300Landscape service activities
95316Washing and cleaning of motor vehicles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0502899468
Also
9925:BE0502899468
Registered
01-08-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.