CNL-Construct
ActiveSummary
The computed 12-month bankruptcy probability of CNL-Construct is 2.4% (moderate). The 2025 annual accounts show equity of €45,183 and a net result of -€7,863. Equity is growing by ~13.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 28051 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability5▼-48
Solvency100=
Growth53▼-16
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 22.75 against 10.16 in 2024; short-term debt: 4.1% and cash: 35.1% of total assets), and 4.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+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
95.9%
Return on assets
-16.7%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 12-01-2026, 19 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
19 d early
2024
21 d early
2023
22 d early
2022
13 d early
2021
23 d early
2020
20 d early
2019
14 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 19 days before 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close26-09-2026 today31-01-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Turnover
€274,090▲ 11.2%
2024 · €246,588
EBIT margin
-2.1%▼ 5.3pp
2024 · 3.2%
Net result
-€7,863
2024 · €3,858
Working capital
€42,427▼ 10.5%
2024 · €47,396
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€234,448▼ 24.5%€791,685▲ 238%€839,787▲ 6.1%€246,588▼ 70.6%€274,090▲ 11.2%
Operating result€1,176▼ 94.3%€8,994▲ 665%€13,047▲ 45.1%€7,887▼ 39.6%-€5,782
Net result-€1,161€4,949€8,081▲ 63.3%€3,858▼ 52.3%-€7,863
EBIT margin0.5%▼ 6.1pp1.1%▲ 0.6pp1.6%▲ 0.4pp3.2%▲ 1.6pp-2.1%▼ 5.3pp
Equity€36,158▼ 3.1%€41,107▲ 13.7%€49,188▲ 19.7%€53,046▲ 7.8%€45,183▼ 14.8%
Total assets€45,858▼ 19.9%€90,045▲ 96.4%€99,548▲ 10.6%€58,220▼ 41.5%€47,133▼ 19.0%
Debt€9,700▼ 51.3%€48,938▲ 405%€50,360▲ 2.9%€5,174▼ 89.7%€1,951▼ 62.3%
Working capital€15,394▲ 130%€30,999▲ 101%€46,975▲ 51.5%€47,396▲ 0.9%€42,427▼ 10.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5,782 after €7,887 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €47,133
Fixed assets
€2,756 ▼ 51.2%
Current assets
€44,377 ▼ 15.6%
Equity and liabilities €47,133
Equity
€45,183 ▼ 14.8%
Debt
€1,951 ▼ 62.3%
Debt's share of the balance-sheet total falls from 8.9% to 4.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€2,889▼
2024 · €9,876
Cash flow
-€4,970▼
2024 · €5,847
Current ratio
22.75▲
2024 · 10.16
Debt to equity
0.04▼
2024 · 0.10
ROE
-17.4%▼
2024 · 7.3%
ROA
-16.7%▼
2024 · 6.6%
Interest coverage
-1.38▼
2024 · 4.15
Debt ≤ 1 year
€1,951▼
2024 · €5,174
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €234,448 | €791,685 | €839,787 | €246,588 | €274,090 | ▲ 11.2% |
| Non-recurring operating income76A | - | €4,982 | €14,205 | €5,975 | €5,033 | ▼ 15.8% |
| Goods, raw materials, services and sundry goods60/61 | - | €772,280 | €838,730 | €241,752 | €281,159 | ▲ 16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,537 | €11,123 | €1,451 | €1,989 | €2,894 | ▲ 45.5% |
| Other operating charges640/8 | - | €4,270 | €765 | €935 | €853 | ▼ 8.7% |
| Gross operating margin9900 | €13,886 | €24,387 | €15,262 | €10,811 | -€2,035 | ▼ 119% |
| Operating profit (loss)9901 | €1,176 | €8,994 | €13,047 | €7,887 | -€5,782 | ▼ 173% |
| Financial income75/76B | - | €51 | €2 | €2 | €15 | ▲ 637% |
| Recurring financial income75 | €0 | €51 | €2 | €2 | €15 | ▲ 637% |
| Financial charges65/66B | - | €295 | €2,365 | €2,381 | €2,095 | ▼ 12.0% |
| Recurring financial charges65 | €144 | €295 | €2,365 | €2,381 | €2,095 | ▼ 12.0% |
| Profit (loss) for the period before taxes9903 | €1,032 | €8,750 | €10,683 | €5,507 | -€7,863 | ▼ 243% |
| Income taxes67/77 | €2,193 | €3,801 | €2,602 | €1,649 | - | - |
| Profit (loss) for the period9904 | -€1,161 | €4,949 | €8,081 | €3,858 | -€7,863 | ▼ 304% |
| Profit (loss) for the period to be appropriated9905 | -€1,161 | €4,949 | €8,081 | €3,858 | -€7,863 | ▼ 304% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €45,858 | €90,045 | €99,548 | €58,220 | €47,133 | ▼ 19.0% |
| Fixed assets21/28 | €20,764 | €10,107 | €2,212 | €5,650 | €2,756 | ▼ 51.2% |
| Tangible fixed assets22/27 | €20,046 | €9,390 | €1,495 | €4,932 | €2,038 | ▼ 58.7% |
| Plant, machinery and equipment23 | - | €1,805 | €976 | €181 | - | - |
| Furniture and vehicles24 | - | €7,585 | €518 | €4,751 | €2,038 | ▼ 57.1% |
| Financial fixed assets28 | €718 | €718 | €718 | €718 | €718 | = |
| Current assets29/58 | €25,094 | €79,938 | €97,336 | €52,570 | €44,377 | ▼ 15.6% |
| Amounts receivable within one year40/41 | €9,248 | €54,435 | €41,065 | €32,506 | €23,479 | ▼ 27.8% |
| Trade receivables40 | - | €50,081 | €31,795 | €17,967 | €6,314 | ▼ 64.9% |
| Other amounts receivable41 | - | €4,354 | €9,269 | €14,539 | €17,166 | ▲ 18.1% |
| Cash at bank and in hand54/58 | €9,024 | €19,786 | €49,918 | €15,587 | €16,535 | ▲ 6.1% |
| Deferred charges and accrued income490/1 | - | €5,717 | €6,353 | €4,477 | €4,363 | ▼ 2.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €45,858 | €90,045 | €99,548 | €58,220 | €47,133 | ▼ 19.0% |
| Equity10/15 | €36,158 | €41,107 | €49,188 | €53,046 | €45,183 | ▼ 14.8% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €172 | €172 | €172 | €172 | €172 | = |
| Non-distributable reserves130/1 | - | €172 | €172 | €172 | €172 | = |
| Reserves not available under the articles1311 | - | €172 | €172 | €172 | €172 | = |
| Profit (loss) carried forward14 | €17,386 | €22,335 | €30,416 | €34,274 | €26,411 | ▼ 22.9% |
| Amounts payable17/49 | €9,700 | €48,938 | €50,360 | €5,174 | €1,951 | ▼ 62.3% |
| Amounts payable within one year42/48 | €9,700 | €48,938 | €50,360 | €5,174 | €1,951 | ▼ 62.3% |
| Trade debts44 | €1,507 | €44,649 | €47,476 | €2,426 | €634 | ▼ 73.9% |
| Suppliers440/4 | - | €44,649 | €47,476 | €2,426 | €634 | ▼ 73.9% |
| Taxes, remuneration and social security45 | - | €4,290 | €2,884 | €2,748 | €1,317 | ▼ 52.1% |
| Taxes450/3 | - | €4,290 | €2,602 | €1,649 | - | - |
| Remuneration and social security454/9 | - | - | €282 | €1,099 | €1,317 | ▲ 19.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,161 | €4,949 | €8,081 | €3,858 | -€7,863 | ▼ 304% |
| + Depreciation and write-downs630 | €11,537 | €11,123 | €1,451 | €1,989 | €2,894 | ▲ 45.5% |
| Operating cash flow (approximation) | €10,376 | €16,072 | €9,532 | €5,847 | -€4,970 | ▼ 185% |
| Investment in fixed assets (approximation) | - | -€466 | €6,444 | -€5,426 | €0 | ▲ 100% |
| Change in cash | - | €10,762 | €30,132 | -€34,330 | €948 | ▲ 103% |
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
12-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet -€7,863
Net result drops to -€7,863, the lowest in the series.
30-06
Financial
Liquidity doublescurrent ratio 22.75
Current ratio from 10.16 to 22.75; short-term debt falls from €5,174 to €1,951.
10-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Liquidity times 5current ratio 10.16
Current ratio from 1.93 to 10.16; short-term debt falls from €50,360 to €5,174.
09-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €4,949
Net result €4,949 after one loss-making year.
08-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
11-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Highest result since 2019net €15,280 ▲344%
Operating result €20,533, net result €15,280, both a record.
17-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Koekelberg · 1 establishment unit since 2018
Ground area
226 m²
Building footprint
128 m²
Volume, LiDAR
1,659 m³
Parcel 21492B0085/00K012, Brussels · tallest building 15.6 m, ±5 floors. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
CNL-Construct
since 20182.272.807.691
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0085/00K012 | Brussels | 226 m² | 1 · 128 m² | 15.6 m · 5 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 7,299 companies in sector 43350 we hold annual accounts for 2,360. 1,989 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
Founded26-01-2018
Fiscal year end30-06
Activities, NACEBEL 2025
43350Other building finishing work
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43240Other construction installation
Scores and ratios are computed by Checked and are not a credit decision.