CNV PROJECTS
BankruptcySummary
The KBO register records for CNV PROJECTS the legal situation: open bankruptcy; this is today's state according to the register itself, which carries no start date. The 2023 annual accounts show negative equity (-€654,885) and a net result of -€981,681.
Are you a creditor?
Open bankruptcy
Source: KBO register
The KBO register records a bankruptcy for this company. If it owes you money, you are not paid automatically: you file your claim yourself.
The procedure
The publication of the judgment is not in our data. Court, date and curator are in RegSol: search by the enterprise number.
What to do now
- Do not deliver on credit any more without an agreement with the curator.
- Gather your documents: invoices, purchase orders, contract, delivery notes and reminders.
- File your proof of claim in RegSol (regsol.be), yourself with eID or itsme, or through your lawyer. State principal, interest and costs separately, and any preferential right you hold.
- Delivered under retention of title? Reclaim your goods before the first report on the verification of claims.
- Ask your accountant about the VAT on the unpaid invoices: in a bankruptcy it can be recovered under conditions.
- Follow the file in RegSol: the verification report (admitted or disputed) and the curator's reports appear there.
Deadlines: the judgment sets the last day to file your claim, by law at most thirty days after the judgment, and the day of the first verification report. Both dates are in the publication in the Official Gazette and in RegSol; Checked does not read them yet. A late claim is sometimes still possible, but not without consequences.
File a claim in RegSol ↗
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General information, not legal advice. If in doubt, the curator, your lawyer or your accountant can help. Full guide for creditors
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 05-04-2024, 65 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
65 d late
2022
5 d early
2021
on the day
2020
29 d late
2019
3 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 17 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 (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date Is the registered address a letterbox address or a business centre?Address check Are there other customers at risk in your own list?Debtor check How is the Joinery installation sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2023, abbreviated schema
Equity
-€654,885
2022 · €326,796
Total assets
€1.9m▼ 39.7%
2022 · €3.1m
Net result
-€981,681
2022 · €15,915
Working capital
-€886,764
2022 · €109,400
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
Line20192020202120222023
Operating result€92,566-€101,499▲ 9.6%€74,151▼ 26.9%€82,919▲ 11.8%-€912,874
Net result€39,560-€50,657▲ 28.1%€30,389▼ 40.0%€15,915▼ 47.6%-€981,681
Equity€229,835-€280,492▲ 22.0%€310,881▲ 10.8%€326,796▲ 5.1%-€654,885
Total assets€1.3m-€1.8m▲ 33.8%€2.1m▲ 18.9%€3.1m▲ 49.5%€1.9m▼ 39.7%
Debt€1.1m-€1.5m▲ 36.3%€1.8m▲ 20.4%€2.8m▲ 57.3%€2.5m▼ 9.2%
Working capital€233,246-€62,782▼ 73.1%€102,404▲ 63.1%€109,400▲ 6.8%-€886,764
Staff (FTE)7.8-10.2▲ 30.8%8.7▼ 14.7%6.6▼ 24.1%5.3▼ 19.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2023: a loss of €912,874 after €82,919 in 2022, the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €1.9m
Fixed assets
€1.1m ▼ 2.6%
Current assets
€819,999 ▼ 59.6%
Key figures and ratios
EBITDA
-€863,553▼
2022 · €129,243
Cash flow
-€932,360▼
2022 · €62,239
Solvency
-34.8%▼
2022 · 10.5%
Current ratio
0.48▼
2022 · 1.06
Quick ratio
0.13▼
2022 · 0.51
Debt to equity
-3.87▼
2022 · 8.54
ROA
-52.2%▼
2022 · 0.5%
Interest coverage
-12.59▼
2022 · 2.24
Debt ≤ 1 year
€1.7m▼
2022 · €1.9m
Debt > 1 year
€819,890▼
2022 · €871,462
Income taxes
€661▼
2022 · €9,737
Staff costs
€249,427▼
2022 · €298,155
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €298,155 | €249,427 | ▼ 16.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27,751 | €48,622 | €61,823 | €46,324 | €49,321 | ▲ 6.5% |
| Other operating charges640/8 | - | - | - | €11,190 | €131,834 | ▲ 1,078% |
| Gross operating margin9900 | €472,178 | €763,318 | €545,834 | €438,587 | -€482,292 | ▼ 210% |
| Operating profit (loss)9901 | €92,566 | €101,499 | €74,151 | €82,919 | -€912,874 | ▼ 1,201% |
| Financial income75/76B | - | - | - | €491 | €426 | ▼ 13.3% |
| Recurring financial income75 | €2,949 | €4,527 | €35 | €491 | €426 | ▼ 13.3% |
| Financial charges65/66B | - | - | - | €57,758 | €68,572 | ▲ 18.7% |
| Recurring financial charges65 | €45,015 | €42,348 | €29,054 | €57,758 | €68,572 | ▲ 18.7% |
| Profit (loss) for the period before taxes9903 | €50,500 | €63,678 | €45,131 | €25,652 | -€981,020 | ▼ 3,924% |
| Income taxes67/77 | €10,940 | €13,021 | €14,742 | €9,737 | €661 | ▼ 93.2% |
| Profit (loss) for the period9904 | €39,560 | €50,657 | €30,389 | €15,915 | -€981,681 | ▼ 6,268% |
| Profit (loss) for the period to be appropriated9905 | €39,560 | €50,657 | €30,389 | €15,915 | -€981,681 | ▼ 6,268% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.3m | €1.8m | €2.1m | €3.1m | €1.9m | ▼ 39.7% |
| Fixed assets21/28 | €61,207 | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 2.6% |
| Tangible fixed assets22/27 | €59,197 | €1.2m | €1.1m | €1.1m | €1.1m | ▼ 2.7% |
| Land and buildings22 | - | - | - | €1.0m | €1.0m | ▼ 2.3% |
| Plant, machinery and equipment23 | - | - | - | €42,646 | €35,797 | ▼ 16.1% |
| Furniture and vehicles24 | - | - | - | €2,668 | €4,789 | ▲ 79.5% |
| Financial fixed assets28 | €2,010 | €2,010 | €2,010 | €2,010 | €2,010 | = |
| Current assets29/58 | €1.2m | €563,193 | €954,393 | €2.0m | €819,999 | ▼ 59.6% |
| Stocks and contracts in progress3 | €30,445 | €39,350 | €18,930 | €1.0m | €603,984 | ▼ 42.4% |
| Stocks30/36 | - | - | - | €108,930 | €159,930 | ▲ 46.8% |
| Contracts in progress37 | - | - | - | €940,188 | €444,054 | ▼ 52.8% |
| Amounts receivable within one year40/41 | €592,991 | €255,126 | €390,157 | €872,956 | €204,826 | ▼ 76.5% |
| Trade receivables40 | - | - | - | €817,799 | €182,950 | ▼ 77.6% |
| Other amounts receivable41 | - | - | - | €55,157 | €21,875 | ▼ 60.3% |
| Cash at bank and in hand54/58 | €197,475 | €135,119 | €53,202 | €96,942 | €5,857 | ▼ 94.0% |
| Deferred charges and accrued income490/1 | - | - | - | €10,333 | €5,332 | ▼ 48.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.3m | €1.8m | €2.1m | €3.1m | €1.9m | ▼ 39.7% |
| Equity10/15 | €229,835 | €280,492 | €310,881 | €326,796 | -€654,885 | ▼ 300% |
| Contributions10/11 | €6,200 | - | - | €6,200 | €6,200 | = |
| Outside capital11 | - | - | - | €6,200 | €6,200 | = |
| Other1109/19 | - | - | - | €6,200 | €6,200 | = |
| Reserves13 | €9,973 | €9,973 | €40,363 | €56,278 | €56,278 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | - | - | €54,418 | €54,418 | = |
| Profit (loss) carried forward14 | €213,661 | €264,319 | €264,319 | €264,319 | -€717,362 | ▼ 371% |
| Amounts payable17/49 | €1.1m | €1.5m | €1.8m | €2.8m | €2.5m | ▼ 9.2% |
| Amounts payable after more than one year17 | €53,542 | €973,579 | €922,979 | €871,462 | €819,890 | ▼ 5.9% |
| Financial debts170/4 | - | - | - | €871,462 | €819,890 | ▼ 5.9% |
| Amounts payable within one year42/48 | €1.0m | €500,411 | €851,989 | €1.9m | €1.7m | ▼ 11.1% |
| Current portion of amounts payable after more than one year42 | - | - | - | €51,517 | €51,643 | ▲ 0.2% |
| Financial debts43 | - | - | - | €600,000 | €800,000 | ▲ 33.3% |
| Credit institutions430/8 | - | - | - | €600,000 | €800,000 | ▲ 33.3% |
| Trade debts44 | €767,753 | €243,853 | €562,730 | €1.2m | €809,020 | ▼ 33.6% |
| Suppliers440/4 | - | - | - | €1.2m | €809,020 | ▼ 33.6% |
| Taxes, remuneration and social security45 | - | - | - | €27,487 | €18,594 | ▼ 32.4% |
| Taxes450/3 | - | - | - | €27,487 | €18,594 | ▼ 32.4% |
| Other amounts payable47/48 | - | - | - | €22,340 | €27,506 | ▲ 23.1% |
| Accrued charges and deferred income492/3 | - | - | - | - | €8,235 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €39,560 | €50,657 | €30,389 | €15,915 | -€981,681 | ▼ 6,268% |
| + Depreciation and write-downs630 | €27,751 | €48,622 | €61,823 | €46,324 | €49,321 | ▲ 6.5% |
| Operating cash flow (approximation) | €67,311 | €99,279 | €92,213 | €62,239 | -€932,360 | ▼ 1,598% |
| Investment in fixed assets (approximation) | - | -€1.2m | -€1,989 | -€3,727 | -€20,467 | ▼ 449% |
| Change in cash | - | -€62,356 | -€81,917 | €43,740 | -€91,085 | ▼ 308% |
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
2024
05-04
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 65 days late
2023
30-06
Financial
Weakest financial yearnet -€981,681
Net result drops to -€981,681, the lowest in the series.
26-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 29 days late
2020
30-06
Financial
Highest result since 2019net €50,657 ▲28.1%
Operating result €101,499, net result €50,657, both a record.
28-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
29-01
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
30-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
08-01
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
14-01
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Wevelgem · 1 establishment unit since 2008
Ground area
5,817 m²
Building footprint
1,651 m²
Parcel 34302B0444/00D003, Flanders. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
CNV PROJECTS
since 20082.172.007.865
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34302B0444/00D003 | Flanders | 5,817 m² | 1 · 1,651 m² | - |
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 20,028 companies in sector 43320 we hold annual accounts for 9,135. 6,746 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 (pre-2019)
Founded01-07-2008
Fiscal year end30-06
Activities, NACEBEL 2025
43320Joinery installation
43310Plastering work
Contact
Scores and ratios are computed by Checked and are not a credit decision.