Equity
CTR has made a profit without a break since 2020.
CTR has made a profit without a break since 2020.
2025 accounts not filed: deadline was 31-07-2026.
A confirmed filing finding caps the score at 59.
The dashed line is the sector median: 0.1% across 14,829 companies (NACE 71, micro).
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 41% of them on solvency, 82% on liquidity, 56% on profitability and 80% on growth.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 26,972 companies had the same profile as CTR has now. Each dot stands for 68 companies, two years later.
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CTR itself: 0.6% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for CTR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 2.28 (2.09 in 2023), above the usual 1.5. Short-term debt is 25.6% and cash 43.9% of total assets. However, 57.4% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 6 accounts on average 3 days after the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| CTR Antwerp | €88,683 | €30,409 | 42.6% | - |
| ProSale Energy Dilbeek | €72,457 | €35,186 | 27.1% | - |
| SPARK Antwerp | €84,021 | €34,548 | 49.8% | - |
| SL QUALITY CONSULTING Putte | €63,854 | €42,675 | 48.9% | - |
| HDS Technical Applications Bornem | €86,316 | €22,416 | 35.7% | - |
| Prestab Balen | €125,604 | €20,968 | 72.4% | - |
| mDG Consult Boom | €54,646 | €32,548 | 14.7% | - |
These companies have the same main activity as CTR: other technical testing and analysis (NACE 71209). They are comparable in size and age: total assets between €54,600 and €126,000, founded between 2015 and 2020.
CTR files the micro format. That format states no turnover. The gross margin rose from -€19,210 in 2019 to €30,409 in 2024.
The balance sheet grew most from 2022 to 2024 through fixed assets.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 11 November 2026.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €82,000. Estimated: probably between €63,000 and €110,000.
Higher than 39% of 11,496 companies in 2024.
Higher than 52% of 11,250 companies in 2024.
Higher than 55% of 11,331 companies in 2024.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||
20/58 |
88,683 | 79,477 | 32,820 | 18,432 | 16,254 | 18,734 | |
21/28 |
37,015 | 44,852 | 5,680 | 1,320 | 1,701 | - | |
22/27 |
36,775 | 44,612 | 5,440 | 1,080 | 1,701 | - | |
23 |
- | 0 | 459 | 1,080 | 1,701 | - | |
24 |
2,190 | 0 | 4,980 | - | - | - | |
25 |
34,585 | 44,612 | - | - | - | - | |
28 |
240 | 240 | 240 | 240 | - | - | |
29/58 |
51,668 | 34,626 | 27,140 | 17,111 | 14,553 | 18,734 | |
3 |
- | - | - | - | 0 | 2,532 | |
30/36 |
- | - | - | - | 0 | 2,532 | |
40/41 |
11,552 | 17,743 | 11,390 | 2,359 | 8,010 | 6,724 | |
40 |
10,806 | 16,610 | 11,383 | 2,234 | 7,994 | 6,505 | |
41 |
746 | 1,133 | 8 | 124 | 17 | 219 | |
54/58 |
38,916 | 16,883 | 15,256 | 14,753 | 6,542 | 9,478 | |
490/1 |
1,200 | 0 | 494 | - | - | - | |
| Balance sheet: equity and liabilities | |||||||
10/49 |
88,683 | 79,477 | 32,820 | 18,432 | 16,254 | 18,734 | |
10/15 |
37,777 | 26,322 | 19,631 | 7,855 | -3,224 | -15,368 | |
10/11 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
100 |
- | - | - | - | - | 18,600 | |
101 |
- | - | - | - | - | 6,200 | |
13 |
25,377 | 13,922 | 7,231 | - | - | - | |
133 |
25,377 | 13,922 | 7,231 | - | - | - | |
14 |
0 | 0 | 0 | -4,545 | -15,624 | -27,768 | |
17/49 |
50,906 | 53,155 | 13,189 | 10,577 | 19,478 | 34,102 | |
17 |
28,207 | 36,580 | - | - | - | - | |
170/4 |
28,207 | 36,580 | - | - | - | - | |
42/48 |
22,699 | 16,575 | 13,189 | 10,577 | 19,478 | 34,102 | |
42 |
8,373 | 8,032 | - | - | - | - | |
44 |
2,724 | 1,738 | 3,687 | 4,102 | 11,347 | 21,252 | |
440/4 |
2,724 | 1,738 | 3,687 | 4,102 | 8,985 | 21,252 | |
441 |
- | - | - | 0 | 2,363 | - | |
45 |
11,603 | 6,159 | 9,030 | 6,475 | 8,130 | 4,344 | |
450/3 |
11,603 | 6,159 | 9,030 | 6,475 | 4,717 | 4,344 | |
454/9 |
- | - | - | 0 | 3,414 | - | |
47/48 |
0 | 646 | 472 | - | 0 | 8,506 | |
| Income statement | |||||||
9900 |
30,409 | 37,530 | 17,994 | 24,329 | 15,966 | -19,210 | |
62 |
- | - | 0 | 122 | 164 | 2,566 | |
630 |
10,652 | 7,695 | 780 | 621 | 162 | - | |
640/8 |
620 | 4,301 | 260 | 1,272 | 605 | 5,341 | |
9901 |
19,136 | 25,534 | 16,953 | 22,315 | 15,036 | -27,118 | |
75/76B |
236 | 0 | 0 | 45 | 9 | 3 | |
75 |
236 | 0 | 0 | 45 | 9 | 3 | |
65/66B |
1,811 | 975 | 274 | 692 | 2,901 | 653 | |
65 |
1,811 | 975 | 274 | 692 | 2,901 | 653 | |
9903 |
17,562 | 24,559 | 16,679 | 21,668 | 12,144 | -27,768 | |
67/77 |
6,107 | 6,867 | 4,902 | - | 0 | 0 | |
9904 |
11,455 | 17,691 | 11,776 | 21,668 | 12,144 | -27,768 | |
9905 |
11,455 | 17,691 | 11,776 | 21,668 | 12,144 | -27,768 | |
| Appropriation of the result | |||||||
9906 |
11,455 | 17,691 | 7,231 | 6,044 | -15,624 | -27,768 | |
14P |
- | 0 | -4,545 | -15,624 | - | - | |
691/2 |
11,455 | 6,691 | 7,231 | - | - | - | |
6921 |
11,455 | 6,691 | 7,231 | - | - | - | |
694/7 |
0 | 11,000 | 0 | 10,589 | - | - | |
694 |
0 | 11,000 | 0 | 10,589 | - | - | |
| Social balance sheet | |||||||
9087 |
- | - | - | - | - | 0.2 | |
Hours worked1013 |
- | - | - | - | - | 184 | |
| Document | |||||||
The notes to these accounts have 12 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2024 (PDF), filed on 26-09-2025.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 26-09-2025 | 2025-00511187 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00443047 | |
| 31-12-2022 | micro format | 03-07-2023 | 2023-00206057 | |
| 31-12-2021 | micro format | 28-06-2022 | 2022-20147525 | |
| 31-12-2020 | micro format | 02-06-2021 | 2021-16700120 | |
| 31-12-2019 | micro format | 18-09-2020 | 2020-54100491 |
| Line | Trend | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|
| 29,789 | 33,229 | 17,733 | 22,936 | 15,198 | - | ||
| 22,107 | 25,386 | 12,557 | 22,289 | 12,305 | - | ||
| 2,816 | 50,134 | 5,140 | 240 | 1,863 | - | ||
| 22,033 | 1,627 | 503 | 8,210 | -2,936 | - | ||
| 28,969 | 18,050 | 13,951 | 6,534 | -4,925 | -15,368 | ||
| 42.6% | 33.1% | 59.8% | 42.6% | -19.8% | -82.0% | ||
| 2.28 | 2.09 | 2.06 | 1.62 | 0.75 | 0.55 | ||
| 2.28 | 2.09 | 2.06 | 1.62 | 0.75 | 0.48 | ||
| 1.35 | 2.02 | 0.67 | 1.35 | - | - | ||
| 30.3% | 67.2% | 60.0% | 275.9% | - | - | ||
| 12.9% | 22.3% | 35.9% | 117.6% | 74.7% | -148.2% | ||
| 16.45 | 34.07 | 64.70 | 33.15 | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Tangible fixed assets | €2,816 | €50,134 | €5,140 | - |
| Financial fixed assets | - | - | - | €240 |
| €10,652 | €7,695 | €780 | €621 |
Source: notes to the 2021 to 2024 annual accounts (statement of fixed assets)
The operating result for 2024 is 25% lower than in 2023.
Debt's share of the balance-sheet total falls from 66.9% to 57.4%. Equity is higher and debt is lower.
CTR has no parent and no holdings in its annual accounts. CTR shares no director with another company.
| GRONDMAATSCHAPPIJ VAN BELGIE
registered office since 16-10-1986 · founded in 1986 |
total assets €82.5m (2025) 0429.600.330 |
| Seagull Decor
registered office since 02-05-1981 · founded in 1981 |
total assets €21.6m (2025) 0421.640.093 |
| Industrie hotelière et immobilière
registered office since 01-01-1968 · founded in 1968 |
total assets €20.1m (2025) 0402.868.714 |
| Loeckx & Leyssens
registered office since 05-09-1995 · founded in 1995 |
total assets €8.0m (2025) 0455.499.231 |
| CHAPPS
registered office since 23-02-2015 · founded in 2015 |
2.8 FTE (2025) 0599.927.776 |
| GRIPA INVEST
registered office since 30-03-2010 · founded in 2010 |
total assets €6.1m (2025) 0824.188.016 |
| BLANKENBERGE RAILWAY
registered office since 20-09-2011 · founded in 2011 |
total assets €5.2m (2025) 0839.548.064 |
| SERGIO BEHEER
registered office since 17-12-2020 · founded in 2020 |
total assets €3.0m (2025) 0760.583.037 |
| Sergio Beheer België
registered office since 04-06-2014 · founded in 2014 |
0.9 FTE (2025) 0553.624.827 |
| SMILDE BAKERY
registered office since 16-11-1990 · founded in 1978 |
4.9 FTE (2025) 0418.412.369 |
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Kernenergiestraat 19 registered office 2610 Antwerp | 14-05-2018 | 2.276.192.102 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11463D0325/00K002 | 1,491 m² | 1 · 984 m² | 8.2 m · 3 |
If something looks wrong or is missing, please tell us.