CNUDDE
ActiveCNUDDE has been active since 1983 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17.15M and a net result of €-1.55M. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 95% of 4860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability8▼-89
Solvency100=
Growth35▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €850k at 30 days acceptable
Liquidity ample (current ratio 12.88 against 4.25 in 2024; short-term debt: 5% and cash: 3.1% of total assets), and 5.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
94.9%
Return on assets
-8.6%
Age of the figures
15 mo
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 29-01-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
98 d late
2023
41 d early
2022
4 d early
2021
3 d early
2020
3 d early
2019
3 d early
← before the deadline
after the deadline →
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 close22-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€8.61M▼ 42.5%
2024 · €14.99M
2019: €21.27M
2020: €26.46M
2021: €33.45M
2022: €35.06M
2023: €31.31M
2024: €14.99M
2019 → 2025
EBIT margin
-18.3%▼ 61.2pp
2024 · 43.0%
2019: 12.0%
2020: 13.4%
2021: 19.9%
2022: 19.3%
2023: 28.2%
2024: 43.0%
2019 → 2025
Net result
€-1.55M
2024 · €4.72M
2019: €2.06M
2020: €2.04M
2021: €4.67M
2022: €4.25M
2023: €5.55M
2024: €4.72M
2019 → 2025
Working capital
€10.72M▼ 13.3%
2024 · €12.37M
2019: €10.39M
2020: €10.89M
2021: €11.72M
2022: €12.77M
2023: €14.48M
2024: €12.37M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€33.45M-€35.06M▲ 4.8%€31.31M▼ 10.7%€14.99M▼ 52.1%€8.61M▼ 42.5%
Equity€15.42M-€17.16M▲ 11.3%€19.52M▲ 13.7%€18.70M▼ 4.2%€17.15M▼ 8.3%
Operating result€6.64M-€6.77M▲ 1.9%€8.84M▲ 30.6%€6.44M▼ 27.1%€-1.58M
Net result€4.67M-€4.25M▼ 9.1%€5.55M▲ 30.8%€4.72M▼ 15.0%€-1.55M
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1.58M after €6.44M in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €18.07M
Fixed assets
€6.44M▲ 1.4%
Current assets
€11.63M▼ 28.1%
Equity and liabilities €18.07M
Equity
€17.15M▼ 8.3%
Debt
€920k▼ 76.0%
The debt ratio falls from 17.0% to 5.1%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-971k▼
2024 · €6.96M
Cash flow
€-947k▼
2024 · €5.24M
Solvency
94.9%▲
2024 · 83.0%
Current ratio
12.88▲
2024 · 4.25
Quick ratio
9.90▲
2024 · 3.62
Debt / equity
0.05▼
2024 · 0.20
ROE
-9.0%▼
2024 · 25.2%
ROA
-8.6%▼
2024 · 20.9%
Debt
€920k▼
2024 · €3.83M
Debt ≤ 1 year
€903k▼
2024 · €3.80M
Income taxes
€900▼
2024 · €665k
Staff costs
€1.67M▼
2024 · €1.91M
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€22.53M€18.07M▼
Fixed assets21/28€6.35M€6.44M▲
Intangible fixed assets21€2k€0▼
Tangible fixed assets22/27€6.35M€6.32M▼
Land and buildings22€5.31M€5.43M▲
Plant, machinery and equipment23€7k€45k▲
Furniture and vehicles24€814k€674k▼
Other tangible fixed assets26€216k€167k▼
Financial fixed assets28€835€123k▲
Other financial fixed assets284/8€835€123k▲
Amounts receivable and cash guarantees285/8€835€123k▲
Current assets29/58€16.17M€11.63M▼
Stocks and contracts in progress3€2.39M€2.69M▲
Stocks30/36€2.39M€2.69M▲
Raw materials and consumables30/31€0-
Goods purchased for resale34€2.39M€2.69M▲
Amounts receivable within one year40/41€3.73M€1.55M▼
Trade receivables40€1.99M€564k▼
Other amounts receivable41€1.74M€990k▼
Current investments50/53€6.57M€6.78M▲
Other investments51/53€6.57M€6.78M▲
Cash at bank and in hand54/58€3.42M€564k▼
Deferred charges and accrued income490/1€56k€43k▼
Equity and liabilities
Total equity and liabilities10/49€22.53M€18.07M▼
Equity10/15€18.70M€17.15M▼
Contributions10/11€53k€53k=
Capital10€53k€53k=
Issued capital100€53k€53k=
Reserves13€18.64M€17.09M▼
Non-distributable reserves130/1€5k€5k=
Legal reserve130€5k€5k=
Tax-exempt reserves132€223k€13k▼
Distributable reserves133€18.41M€17.07M▼
Investment grants15€5k€5k=
Amounts payable17/49€3.83M€920k▼
Amounts payable within one year42/48€3.80M€903k▼
Financial debts43€47k€0▼
Credit institutions430/8€47k€0▼
Trade debts44€558k€679k▲
Suppliers440/4€558k€679k▲
Taxes, remuneration and social security45€446k€222k▼
Taxes450/3€179k€174k▼
Remuneration and social security454/9€267k€48k▼
Other amounts payable47/48€2.75M€2k▼
Accrued charges and deferred income492/3€24k€17k▼
Income statement
Code20242025
Operating income70/76A€16.97M€8.94M▼
Turnover70€14.99M€8.61M▼
Other operating income74€1.46M€332k▼
Non-recurring operating income76A€526k€0▼
Operating charges60/66A€10.54M€10.52M▼
Goods for resale, raw materials and consumables60€5.57M€6.21M▲
Purchases600/8€7.22M€6.52M▼
Change in stocks: decrease (increase)609€-1.65M€-303k▲
Services and other goods61€2.42M€1.98M▼
Remuneration, social security and pensions62€1.91M€1.67M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€525k€604k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€60k€-7k▼
Other operating charges640/8€55k€45k▼
Non-recurring operating charges66A-€4k
Operating profit (loss)9901€6.44M€-1.58M▼
Financial income75/76B€272k€215k▼
Recurring financial income75€272k€215k▼
Income from current assets751€233k€152k▼
Other financial income752/9€39k€63k▲
Financial charges65/66B€1.33M€189k▼
Recurring financial charges65€1.33M€189k▼
Debt charges650€4k€0▼
Other financial charges652/9€1.32M€189k▼
Profit (loss) for the period before taxes9903€5.38M€-1.55M▼
Income taxes67/77€665k€900▼
Taxes670/3€688k€900▼
Tax adjustments and reversals of tax provisions77€24k€0▼
Profit (loss) for the period9904€4.72M€-1.55M▼
Transfer from tax-exempt reserves789€119k€211k▲
Profit (loss) for the period to be appropriated9905€4.84M€-1.34M▼
Appropriation of the result
Profit (loss) to be appropriated9906€4.84M€-1.34M▼
Transfer from equity791/2-€1.34M
From reserves792-€1.34M
Transfer to equity691/2€2.14M€0▼
To other reserves6921€2.14M€0▼
Profit to be distributed694/7€2.70M€0▼
Directors or managers695€2.70M€0▼
Social balance
Average headcount (FTE)908732.825.2▼
The notes to these accounts (56 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
29-01
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
30-06
Financial
Weakest financial yearnet €-1.55M ▼133%
Net result drops to €-1.55M, the lowest in the series.
30-06
Financial
Liquidity triplescurrent ratio 12.88
Current ratio from 4.25 to 12.88; short-term debt falls from €3.80M to €903k.
09-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 98 days late
2023
21-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
30-06
Financial
Highest result since 2019net €5.55M ▲30.8%
Operating result €8.84M, net result €5.55M, both a record.
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
28-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
27-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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, Waregem · 1 establishment unit since 1984
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.
Pontstraat 48791 WaregemGround area
1.6 ha
Building footprint
7,407 m²
Volume, LiDAR
43,060 m³
Parcel 34006A0072/00H000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CNUDDE NV
since 19842.023.406.538
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0072/00H000 | Flanders | 1.6 ha | 1 · 7,407 m² | 9.9 m · 2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 26,758 EUR awarded · 23,983 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 12,240 EUR | 9,465 EUR |
| 2024 | 1 | 4,425 EUR | 4,425 EUR |
| 2023 | 1 | 10,093 EUR | 10,093 EUR |
Schemes
Subsidies voor internationaal ondernemen
Recognitions · licences · registrations
Food safety, FASFC
1 siteWaregem2.023.406.538
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GRAND PLACE HOLDING
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Of 453 companies in sector 46360 we hold annual accounts for 286. 46 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-10-1983
Fiscal year end30-06
Activities, NACEBEL
46360Wholesale trade
46392Non-specialised wholesale
51392
47540Retail sale of electrical household appliances
Sources
Crossroads Bank for EnterprisesNational Bank · 41 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.