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Generated 15-07-2026
Active BE 0782.860.967Private limited company

CNRM

de Cipletstraat 5 ·1020 Brussel, Belgium· 4 yrs active
Sector: NACE 42110 (42110)
Conclusion Checked

The computed 12-month bankruptcy probability of CNRM is 4.0% (elevated). The 2024 annual accounts show equity of €30k and a net result of €-3k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 70% of 555 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.
Key figures
Equity €30k
Net result €-3k
Better than sector 70%
Active 4 yrs
Snowflake analysis 5 axes · computed by Checked
Health65Profitability0Solvency96Growth52Stability94
61 / 100

Strong profile, led by solvency.

Health 65
Profitability 0
Solvency 96
Growth 52
Stability 94
Bankruptcy probability (12 mo) Checked model v1 · free
4.0% Elevated
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate region +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
More than 3 years active
Founded in 2022, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2024 · computed
65 / 100 Healthy
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview3 NBB filings
Annual accounts filed on 24-12-2025 with the NBB · fiscal year 2024 · micro
€-10k€0€10k€20k€30kOperating result 2022: €27k€27kNet result 2022: €21k€21kOperating result 2023: €15k€15kNet result 2023: €11k€11kOperating result 2024: €986€986Net result 2024: €-3k€-3k202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~14%/year over 3 fiscal years, indicative, assuming unchanged policy.
€20k€30k€40k2025: €34k (€31k - €36k)2026: €38k (€36k - €40k)2027: €42k (€40k - €44k)2022: €21k2023: €32k2024: €30k202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 42 · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 58.7% 44.8%
better than 70% of 555 sector peers
Net result €-3k €14k
better than 15% of 552 sector peers
Equity €30k €34k
better than 45% of 555 sector peers
Gross operating margin €86k €43k
better than 72% of 549 sector peers
Staff costs €76k €32k
higher than 72% of 263 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€6k
-68.2% -87% vs sector
Net profit
€-3k
- far below sector median
Cash flow
€3k
-81.9% -93% vs sector
Total assets
€50k
-6.1% -76% vs sector
Equity
€30k
-7.9% -77% vs sector
Working capital
€18k
-19.0% -80% vs sector
Staff costs
€76k
+160.0% far above sector median
Income taxes
€393
-87.7% -92% vs sector
Debt
€21k
-3.4% -84% vs sector
Debt ≤ 1y
€21k
-3.4% -83% vs sector
Current ratio
1.89
-8.4% -16% vs sector
Quick ratio
1.89
-8.4% -11% vs sector
Solvency
58.7%
-1.9% ≈ vs sector
Debt / equity
0.70
+4.9% -2% vs sector
ROE
-8.5%
- far below sector median
ROA
-5.0%
- far below sector median
Interest coverage
1.70
-87.6% -69% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€6k
Net profit€-3k
Cash flow€3k
Staff costs€76k
Income taxes€393
Dividends-
Total assets€50k
Equity€30k
Debt€21k
of which ≤ 1y€21k
of which > 1y-
Working capital€18k
Employees (FTE)-
Ratios (computed)
2024
Current ratio1.89
Quick ratio1.89
Working capital ratio36.7%
Solvency58.7%
Debt / equity0.70
Long-term debt ratio-
Interest coverage1.70
Gross margin-
Net margin-
ROA-5.0%
ROE-8.5%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€50k
Fixed assets 21/28€11k
Intangible fixed assets 21€4k
Tangible fixed assets 22/27€7k
Current assets 29/58€39k
Amounts receivable within one year 40/41€23k
Cash & bank 54/58€16k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€50k
Equity 10/15€30k
Accumulated profits (losses) 14€30k
Amounts payable 17/49€21k
Amounts payable within one year 42/48€21k
Trade debts payable within one year 44€7k
Income statement
Gross operating margin 9900€86k
Operating result 9901€986
Financial income 75€538
Financial charges 65€4k
Result before taxes 9903€-2k
Income taxes 67/77€393
Net result for the period 9904€-3k
Result to be appropriated 9905€-3k
You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Legal Structure
NACE primary 42110
Legal form Private limited company(610)
Incorporation03-03-2022
StatusActive
Postal code1020
Establishment units 1 location
CNRM
de Cipletstraat 5, 1020 BrusselSnoeien van fruitbomen en wijnstokken
since 20222.331.909.296
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21815D0263/00E008 Brussels 74 m² 1 · 74 m² 17.4 m · 5 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
24-12-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2024
13-11-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
27-08-2024
State Gazette act Capital & shares
26-03-2024
NBB filing Annual accounts filed
fiscal year 2022 · micro
Belgisch Staatsblad, acts 1 acts
Capital history · 1
27-08-2024
Capital change
All acts · 1 updated 1 year ago
2024
27-08-2024 All shares are now held by a single shareholder Capital & shares
Technical details 
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    {
      "kind": "share_transfer",
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      "subscribers": [
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          "kbo": null,
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          "kind": "person",
          "name": "Muhammed Cinar",
          "share_class": null,
          "liberation_pct": null,
          "contribution_kind": null,
          "n_shares_subscribed": null,
          "contribution_amount_eur": null
        }
      ],
      "decrease_purpose": null,
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      "paid_up_delta_eur": null,
      "n_shares_destroyed": null,
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      "merger_exchange_ratio": null,
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      "statutory_unavailable_equity_op": null
    },
    {
      "kind": "eenhoofdigheid_declaration",
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  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": "Grimbergen",
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": null,
    "filing_date": "2024-08-19",
    "act_kind_objet": "Overdracht aandelen / Ontslag / Maatschappelijke zetel"
  },
  "decision": {
    "body": "buitengewone_algemene_vergadering",
    "act_date": "2024-08-19",
    "unanimous": null,
    "under_authorized_capital": false,
    "underlying_resolution_date": "2024-07-05"
  },
  "bedrijfsrevisor": null,
  "subject_company": {
    "kbo": "0782.860.967",
    "name_full": "CNRM",
    "legal_form": "BV",
    "is_foreign_registered": false
  },
  "publication_proxy": {
    "kind": "none",
    "org_kbo": null,
    "org_name": null,
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    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "shareholders_after": [
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Muhammed Cinar",
      "role": "aandeelhouder",
      "n_shares": null,
      "share_class": null
    },
    {
      "kbo": null,
      "pct": null,
      "kind": "person",
      "name": "Muammer G\u00F6nc\u00FC",
      "role": "aandeelhouder",
      "n_shares": null,
      "share_class": null
    }
  ],
  "share_classes_after": []
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Company registry (CBE) Crossroads Bank
Activities
Bouw van autowegen en andere wegen42110Bouw van autowegen en andere wegen42110Overige gespecialiseerde bouwactiviteiten, neg43990Overige gespecialiseerde bouwwerkzaamheden43999Bouwrijp maken van terreinen43120Bouwrijp maken van terreinen43120Landschapsverzorging81300Landschapsverzorging81300
Primary activity highlighted.
Names & trade names
Legal nameNL CNRM
Registered office
de Cipletstraat 5
1020 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative