CNUDDE
ActiveCNUDDE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €518k and a net result of €87k. Equity is growing by ~12.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 36373 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
89
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability88▲+3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity ample (current ratio 11.0 against 26.73 in 2023; short-term debt: 7.9% and cash: 44% of total assets), and 8.1% of the assets are financed with debt.
Credit advice for your own amount and term
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
91.9%
Return on assets
15.5%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 8 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
40 d early
2022
40 d early
2021
39 d early
2020
33 d early
2019
30 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€518k▲ 0.9%
2023 · €513k
2018: €246k
2019: €299k
2020: €351k
2021: €382k
2022: €443k
2023: €513k
2018 → 2024
Total assets
€564k▲ 5.3%
2023 · €535k
2018: €377k
2019: €384k
2020: €419k
2021: €467k
2022: €503k
2023: €535k
2018 → 2024
Net result
€87k▲ 23.7%
2023 · €71k
2018: €93k
2019: €52k
2020: €53k
2021: €66k
2022: €61k
2023: €71k
2018 → 2024
Working capital
€447k▲ 1.4%
2023 · €441k
2018: €196k
2019: €254k
2020: €307k
2021: €330k
2022: €393k
2023: €441k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€351k-€382k▲ 8.8%€443k▲ 15.8%€513k▲ 16.0%€518k▲ 0.9%
Operating result€76k-€93k▲ 21.3%€85k▼ 8.3%€99k▲ 16.3%€116k▲ 17.3%
Net result€53k-€66k▲ 25.4%€61k▼ 8.5%€71k▲ 16.9%€87k▲ 23.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 17% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €564k
Fixed assets
€72k▼ 6.9%
Current assets
€492k▲ 7.3%
Equity and liabilities €564k
Equity
€518k▲ 0.9%
Debt
€46k▲ 109%
The debt ratio rises from 4.1% to 8.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€125k▲
2023 · €109k
Cash flow
€97k▲
2023 · €81k
Solvency
91.9%▼
2023 · 95.9%
Current ratio
11.00▼
2023 · 26.73
Quick ratio
11.00▼
2023 · 26.73
Debt / equity
0.09▲
2023 · 0.04
ROE
16.9%▲
2023 · 13.8%
ROA
15.5%▲
2023 · 13.2%
Interest coverage
53.67▼
2023 · 110.70
Debt
€46k▲
2023 · €22k
Debt ≤ 1 year
€45k▲
2023 · €17k
Income taxes
€34k▲
2023 · €28k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€535k€564k▲
Fixed assets21/28€77k€72k▼
Tangible fixed assets22/27€77k€72k▼
Land and buildings22€64k€61k▼
Plant, machinery and equipment23€3k€6k▲
Leasing and similar rights25€10k€5k▼
Current assets29/58€459k€492k▲
Amounts receivable after more than one year29€90k€63k▼
Other amounts receivable291€90k€63k▼
Amounts receivable within one year40/41€39k€56k▲
Trade receivables40€38k€52k▲
Other amounts receivable41€2k€4k▲
Current investments50/53€189k€123k▼
Cash at bank and in hand54/58€140k€248k▲
Deferred charges and accrued income490/1-€3k
Equity and liabilities
Total equity and liabilities10/49€535k€564k▲
Equity10/15€513k€518k▲
Contributions10/11€6k€6k=
Reserves13€507k€512k▲
Tax-exempt reserves132€5k€5k=
Distributable reserves133€502k€507k▲
Amounts payable17/49€22k€46k▲
Amounts payable after more than one year17€5k-
Financial debts170/4€5k-
Amounts payable within one year42/48€17k€45k▲
Current portion of amounts payable after more than one year42€4k€5k▲
Trade debts44€254€22k▲
Suppliers440/4€254€22k▲
Taxes, remuneration and social security45€10k€10k▲
Taxes450/3€10k€10k▲
Other amounts payable47/48€3k€8k▲
Accrued charges and deferred income492/3€57€1k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€9k▼
Other operating charges640/8€1k€9k▲
Gross operating margin9900€111k€134k▲
Operating profit (loss)9901€99k€116k▲
Financial income75/76B€1k€8k▲
Recurring financial income75€1k€8k▲
Financial charges65/66B€989€2k▲
Recurring financial charges65€989€2k▲
Profit (loss) for the period before taxes9903€99k€122k▲
Income taxes67/77€28k€34k▲
Profit (loss) for the period9904€71k€87k▲
Profit (loss) for the period to be appropriated9905€71k€87k▲
Appropriation of the result
Profit (loss) to be appropriated9906€71k€87k▲
Transfer from equity791/2-€83k
Transfer to equity691/2€71k€87k▲
To other reserves6921€71k€87k▲
Profit to be distributed694/7-€83k
Return on contributions (dividend)694-€83k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €500kEq €513k ▲16%
6 profitable years in a row build equity to €513k.
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet €52k ▼43.6%
Net result drops to €52k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 10.43
Current ratio from 4.37 to 10.43; short-term debt falls from €58k to €27k.
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
01-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
11-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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 2000
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.
Schoolstraat 168791 WaregemGround area
731 m²
Building footprint
151 m²
Volume, LiDAR
820 m³
Parcel 34006A0244/00H000, Flanders · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Schoolstraat 16, 8791 Waregem
since 20002.100.784.923
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34006A0244/00H000 | Flanders | 731 m² | 1 · 151 m² | 8.4 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.
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Of 15,529 companies in sector 43990 we hold annual accounts for 7,423. 4,488 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-02-2000
Fiscal year end31-12
Activities, NACEBEL
43990Other specialised construction activities
43999Specialised construction activities
45250
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 25 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.