CNVision
ActiveSummary
CNVision has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €285k and a net result of €-11k. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 39% of 7780 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability29▲+23
Solvency62▼-1
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 2.5 against 2.71 in 2024; short-term debt: 36.1% and cash: 0.2% of total assets), but 62.6% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-11k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
22 d early
2023
27 d early
2022
59 d late
2021
26 d early
2020
33 d early
2019
7 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 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 Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, micro schema
Equity
€285k▼ 3.8%
2024 · €296k
Total assets
€761k▼ 3.6%
2024 · €790k
Net result
€-11k▲ 85.7%
2024 · €-79k
Working capital
€412k▼ 5.2%
2024 · €435k
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
Operating result€17k▼ 68.4%€51k▲ 201%€449k▲ 773%€-70k€-24k▲ 65.2%
Net result€-17k€36k€304k▲ 754%€-79k€-11k▲ 85.7%
Equity€125k▼ 12.1%€161k▲ 28.4%€417k▲ 159%€296k▼ 29.0%€285k▼ 3.8%
Total assets€539k▼ 11.3%€568k▲ 5.3%€785k▲ 38.2%€790k▲ 0.6%€761k▼ 3.6%
Debt€414k▼ 11.1%€407k▼ 1.7%€367k▼ 9.7%€494k▲ 34.3%€477k▼ 3.4%
Working capital€-38k▲ 2.9%€-39k▼ 2.4%€615k€435k▼ 29.3%€412k▼ 5.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €24k in 2025 against €70k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €761k
Fixed assets
€74k ▼ 26.0%
Current assets
€688k ▼ 0.3%
Equity and liabilities €761k
Equity
€285k ▼ 3.8%
Debt
€477k ▼ 3.4%
Debt's share of the balance-sheet total rises from 62.5% to 62.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€11k▲
2024 · €-40k
Cash flow
€24k▲
2024 · €-49k
Current ratio
2.50▼
2024 · 2.71
Debt to equity
1.67▲
2024 · 1.67
ROE
-4.0%▲
2024 · -26.7%
ROA
-1.5%▲
2024 · -10.0%
Interest coverage
1.48▲
2024 · -3.05
Debt ≤ 1 year
€275k▲
2024 · €255k
Debt > 1 year
€202k▼
2024 · €239k
Income taxes
€222▼
2024 · €480
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €46k | €42k | €24k | €30k | €35k | ▲ 16.8% |
| Other operating charges640/8 | €2k | €2k | €705 | €33 | - | - |
| Gross operating margin9900 | €64k | €95k | €474k | €-40k | €11k | ▲ 126% |
| Operating profit (loss)9901 | €17k | €51k | €449k | €-70k | €-24k | ▲ 65.2% |
| Financial income75/76B | - | - | - | €4k | €20k | ▲ 359% |
| Recurring financial income75 | - | - | - | €4k | €20k | ▲ 359% |
| Financial charges65/66B | €34k | €7k | €6k | €13k | €7k | ▼ 45.4% |
| Recurring financial charges65 | €34k | €7k | €6k | €13k | €7k | ▼ 45.4% |
| Profit (loss) for the period before taxes9903 | €-17k | €44k | €444k | €-79k | €-11k | ▲ 85.9% |
| Income taxes67/77 | €330 | €9k | €140k | €480 | €222 | ▼ 53.6% |
| Profit (loss) for the period9904 | €-17k | €36k | €304k | €-79k | €-11k | ▲ 85.7% |
| Profit (loss) for the period to be appropriated9905 | €-17k | €36k | €304k | €-79k | €-11k | ▲ 85.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €539k | €568k | €785k | €790k | €761k | ▼ 3.6% |
| Fixed assets21/28 | €512k | €520k | €82k | €100k | €74k | ▼ 26.0% |
| Tangible fixed assets22/27 | €512k | €520k | €82k | €100k | €74k | ▼ 26.0% |
| Land and buildings22 | €385k | €372k | - | - | - | - |
| Plant, machinery and equipment23 | €126k | €117k | €50k | €69k | €52k | ▼ 24.5% |
| Furniture and vehicles24 | - | €29k | €31k | €30k | €21k | ▼ 30.6% |
| Other tangible fixed assets26 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €26k | €48k | €702k | €690k | €688k | ▼ 0.3% |
| Amounts receivable after more than one year29 | - | - | - | €510k | €535k | ▲ 4.9% |
| Other amounts receivable291 | - | - | - | €510k | €535k | ▲ 4.9% |
| Amounts receivable within one year40/41 | €26k | €41k | €162k | €170k | €151k | ▼ 10.8% |
| Trade receivables40 | €19k | €19k | - | - | €20k | - |
| Other amounts receivable41 | €8k | €22k | €162k | €170k | €131k | ▼ 22.5% |
| Current investments50/53 | - | - | €500k | - | - | - |
| Cash at bank and in hand54/58 | - | €7k | €41k | €10k | €1k | ▼ 86.6% |
| Deferred charges and accrued income490/1 | €142 | €157 | €46 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €539k | €568k | €785k | €790k | €761k | ▼ 3.6% |
| Equity10/15 | €125k | €161k | €417k | €296k | €285k | ▼ 3.8% |
| Contributions10/11 | €7k | €7k | €7k | €7k | €7k | = |
| Reserves13 | €136k | €154k | €410k | €369k | €369k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | €134k | €152k | €410k | €369k | €369k | = |
| Profit (loss) carried forward14 | €-17k | - | - | €-79k | €-91k | ▼ 14.3% |
| Amounts payable17/49 | €414k | €407k | €367k | €494k | €477k | ▼ 3.4% |
| Amounts payable after more than one year17 | €349k | €318k | €275k | €239k | €202k | ▼ 15.6% |
| Financial debts170/4 | €349k | €318k | €275k | €239k | €202k | ▼ 15.6% |
| Amounts payable within one year42/48 | €64k | €87k | €87k | €255k | €275k | ▲ 7.9% |
| Current portion of amounts payable after more than one year42 | €49k | €56k | €43k | €37k | €37k | ▲ 1.4% |
| Financial debts43 | €5k | €10k | - | €210k | €212k | ▲ 1.3% |
| Credit institutions430/8 | €5k | €10k | - | €210k | €212k | ▲ 1.3% |
| Trade debts44 | €2k | €5k | €878 | €9k | €6k | ▼ 33.1% |
| Suppliers440/4 | €2k | €5k | €878 | €9k | €6k | ▼ 33.1% |
| Advances received on contracts in progress46 | - | €11k | - | - | - | - |
| Taxes, remuneration and social security45 | €8k | €5k | €4k | - | €20k | - |
| Taxes450/3 | €8k | €5k | €4k | - | €20k | - |
| Other amounts payable47/48 | - | €500 | €39k | - | - | - |
| Accrued charges and deferred income492/3 | - | €2k | €5k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-17k | €36k | €304k | €-79k | €-11k | ▲ 85.7% |
| + Depreciation and write-downs630 | €46k | €42k | €24k | €30k | €35k | ▲ 16.8% |
| Operating cash flow (approximation) | €28k | €78k | €328k | €-49k | €24k | ▲ 148% |
| Investment in fixed assets (approximation) | - | €-49k | €413k | €-47k | €-9k | ▲ 81.0% |
| Change in cash | - | - | €34k | €-30k | €-9k | ▲ 70.7% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-79k
Net result drops to €-79k, the lowest in the series; recovery starts the following year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €304k ▲754%
Operating result €449k, net result €304k, both a record.
31-12
Financial
Liquidity times 15current ratio 8.07
Current ratio from 0.55 to 8.07.
31-12
Financial
Equity above €200kEq €417k ▲159%
2 profitable years in a row build equity to €417k.
28-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 59 days late
2022
31-12
Financial
Back to profitnet €36k
Net result €36k after one loss-making year.
31-12
Financial
Equity above €150kEq €161k ▲28.4%
Equity rises from €125k to €161k.
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
01-02
State Gazette act
General meeting · Capital increase
Share issue · Statutes amendment
2020
24-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €100kEq €118k ▲20.3%
2 profitable years in a row build equity to €118k.
04-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 17 days late
Financial milestoneState Gazette actNBB 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, Holsbeek · 1 establishment unit since 2008
Ground area
6,063 m²
Building footprint
205 m²
Volume, LiDAR
1,057 m³
Parcel 24043E0220/00H000, Flanders · tallest building 7.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BERGES CONSULTING GCV
since 20082.174.800.772
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24043E0220/00H000 | Flanders | 6,063 m² | 1 · 205 m² | 7.5 m · 2 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.
Structure & network
Connections & network
1 connected companyThe connected companies are in the list below.
This company
Company
Director
Shareholding
+N: links not shown yet
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Linked via shared directors
ENEVISION
Shared director
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Of 24,515 companies in sector 82990 we hold annual accounts for 9,413. 6,590 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
Founded31-10-2008
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
66199Other activities auxiliary to financial services, excluding insurance and pension funding
70200Business and other management consultancy
85599Other education
Scores and ratios are computed by Checked and are not a credit decision.