CTR
ActiveSummary
CTR has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €37,777 and a net result of €11,455. Equity is growing by ~60.7% per year across the filed fiscal years. Its solvency ranks better than 38% of 11613 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▼-12
Solvency68▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.28 against 2.09 in 2023; short-term debt: 25.6% and cash: 43.9% of total assets), but 57.4% 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
42.6%
Return on assets
12.9%
Age of the figures
21 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 26-09-2025, 57 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 · 6 filingsDeviation from the deadline
2025
not confirmed
2024
57 d late
2023
29 d late
2022
28 d early
2021
33 d early
2020
59 d early
2019
49 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 3 days after the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€37,777▲ 43.5%
2023 · €26,322
Total assets
€88,683▲ 11.6%
2023 · €79,477
Net result
€11,455▼ 35.3%
2023 · €17,691
Working capital
€28,969▲ 60.5%
2023 · €18,050
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
Line20202021202220232024
Operating result€15,036€22,315▲ 48.4%€16,953▼ 24.0%€25,534▲ 50.6%€19,136▼ 25.1%
Net result€12,144€21,668▲ 78.4%€11,776▼ 45.7%€17,691▲ 50.2%€11,455▼ 35.3%
Equity-€3,224▲ 79.0%€7,855€19,631▲ 150%€26,322▲ 34.1%€37,777▲ 43.5%
Total assets€16,254▼ 13.2%€18,432▲ 13.4%€32,820▲ 78.1%€79,477▲ 142%€88,683▲ 11.6%
Debt€19,478▼ 42.9%€10,577▼ 45.7%€13,189▲ 24.7%€53,155▲ 303%€50,906▼ 4.2%
Working capital-€4,925▲ 68.0%€6,534€13,951▲ 114%€18,050▲ 29.4%€28,969▲ 60.5%
Staff (FTE)
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 25% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €88,683
Fixed assets
€37,015 ▼ 17.5%
Current assets
€51,668 ▲ 49.2%
Equity and liabilities €88,683
Equity
€37,777 ▲ 43.5%
Debt
€50,906 ▼ 4.2%
Debt's share of the balance-sheet total falls from 66.9% to 57.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,789▼
2023 · €33,229
Cash flow
€22,107▼
2023 · €25,386
Current ratio
2.28▲
2023 · 2.09
Debt to equity
1.35▼
2023 · 2.02
ROE
30.3%▼
2023 · 67.2%
ROA
12.9%▼
2023 · 22.3%
Interest coverage
16.45▼
2023 · 34.07
Debt ≤ 1 year
€22,699▲
2023 · €16,575
Debt > 1 year
€28,207▼
2023 · €36,580
Income taxes
€6,107▼
2023 · €6,867
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €122 | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €162 | €621 | €780 | €7,695 | €10,652 | ▲ 38.4% |
| Other operating charges640/8 | - | €1,272 | €260 | €4,301 | €620 | ▼ 85.6% |
| Gross operating margin9900 | €15,966 | €24,329 | €17,994 | €37,530 | €30,409 | ▼ 19.0% |
| Operating profit (loss)9901 | €15,036 | €22,315 | €16,953 | €25,534 | €19,136 | ▼ 25.1% |
| Financial income75/76B | - | €45 | €0 | €0 | €236 | ▲ 2,361,800% |
| Recurring financial income75 | €9 | €45 | €0 | €0 | €236 | ▲ 2,361,800% |
| Financial charges65/66B | - | €692 | €274 | €975 | €1,811 | ▲ 85.6% |
| Recurring financial charges65 | €2,901 | €692 | €274 | €975 | €1,811 | ▲ 85.6% |
| Profit (loss) for the period before taxes9903 | €12,144 | €21,668 | €16,679 | €24,559 | €17,562 | ▼ 28.5% |
| Income taxes67/77 | €0 | - | €4,902 | €6,867 | €6,107 | ▼ 11.1% |
| Profit (loss) for the period9904 | €12,144 | €21,668 | €11,776 | €17,691 | €11,455 | ▼ 35.3% |
| Profit (loss) for the period to be appropriated9905 | €12,144 | €21,668 | €11,776 | €17,691 | €11,455 | ▼ 35.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €16,254 | €18,432 | €32,820 | €79,477 | €88,683 | ▲ 11.6% |
| Fixed assets21/28 | €1,701 | €1,320 | €5,680 | €44,852 | €37,015 | ▼ 17.5% |
| Tangible fixed assets22/27 | €1,701 | €1,080 | €5,440 | €44,612 | €36,775 | ▼ 17.6% |
| Plant, machinery and equipment23 | - | €1,080 | €459 | €0 | - | - |
| Furniture and vehicles24 | - | - | €4,980 | €0 | €2,190 | - |
| Leasing and similar rights25 | - | - | - | €44,612 | €34,585 | ▼ 22.5% |
| Financial fixed assets28 | - | €240 | €240 | €240 | €240 | = |
| Current assets29/58 | €14,553 | €17,111 | €27,140 | €34,626 | €51,668 | ▲ 49.2% |
| Stocks and contracts in progress3 | €0 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €8,010 | €2,359 | €11,390 | €17,743 | €11,552 | ▼ 34.9% |
| Trade receivables40 | - | €2,234 | €11,383 | €16,610 | €10,806 | ▼ 34.9% |
| Other amounts receivable41 | - | €124 | €8 | €1,133 | €746 | ▼ 34.1% |
| Cash at bank and in hand54/58 | €6,542 | €14,753 | €15,256 | €16,883 | €38,916 | ▲ 131% |
| Deferred charges and accrued income490/1 | - | - | €494 | €0 | €1,200 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €16,254 | €18,432 | €32,820 | €79,477 | €88,683 | ▲ 11.6% |
| Equity10/15 | -€3,224 | €7,855 | €19,631 | €26,322 | €37,777 | ▲ 43.5% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | - | - | €7,231 | €13,922 | €25,377 | ▲ 82.3% |
| Distributable reserves133 | - | - | €7,231 | €13,922 | €25,377 | ▲ 82.3% |
| Profit (loss) carried forward14 | -€15,624 | -€4,545 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €19,478 | €10,577 | €13,189 | €53,155 | €50,906 | ▼ 4.2% |
| Amounts payable after more than one year17 | - | - | - | €36,580 | €28,207 | ▼ 22.9% |
| Financial debts170/4 | - | - | - | €36,580 | €28,207 | ▼ 22.9% |
| Amounts payable within one year42/48 | €19,478 | €10,577 | €13,189 | €16,575 | €22,699 | ▲ 36.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,032 | €8,373 | ▲ 4.2% |
| Trade debts44 | €11,347 | €4,102 | €3,687 | €1,738 | €2,724 | ▲ 56.7% |
| Suppliers440/4 | - | €4,102 | €3,687 | €1,738 | €2,724 | ▲ 56.7% |
| Bills of exchange payable441 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €6,475 | €9,030 | €6,159 | €11,603 | ▲ 88.4% |
| Taxes450/3 | - | €6,475 | €9,030 | €6,159 | €11,603 | ▲ 88.4% |
| Remuneration and social security454/9 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | - | €472 | €646 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,144 | €21,668 | €11,776 | €17,691 | €11,455 | ▼ 35.3% |
| + Depreciation and write-downs630 | €162 | €621 | €780 | €7,695 | €10,652 | ▲ 38.4% |
| Operating cash flow (approximation) | €12,305 | €22,289 | €12,557 | €25,386 | €22,107 | ▼ 12.9% |
| Investment in fixed assets (approximation) | - | -€240 | -€5,140 | -€46,867 | -€2,816 | ▲ 94.0% |
| Change in cash | - | €8,210 | €503 | €1,627 | €22,033 | ▲ 1,254% |
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
2025
26-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 57 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2019net €21,668 ▲78.4%
Net result €21,668, the highest in the series.
31-12
Financial
Liquidity doublescurrent ratio 1.62
Current ratio from 0.75 to 1.62; short-term debt falls from €19,478 to €10,577.
02-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €12,144
Net result €12,144 after one loss-making year.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 49 days late
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, Antwerpen · 1 establishment unit since 2018
Ground area
1,491 m²
Building footprint
984 m²
Volume, LiDAR
7,216 m³
Parcel 11463D0325/00K002, Flanders · tallest building 8.2 m, ±3 floors. Linked by address, not a title deed.
314
companies at this address
See who is registered here
1 establishment unit
CTR
since 20182.276.192.102
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11463D0325/00K002 | Flanders | 1,491 m² | 1 · 984 m² | 8.2 m · 3 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.
Similar companies · same sector, comparable size
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E.L.X. Group
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Of 2,143 companies in sector 71209 we hold annual accounts for 1,086. 747 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
Founded14-05-2018
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
Scores and ratios are computed by Checked and are not a credit decision.