CV-CONCEPT
ActiveSummary
The computed 12-month bankruptcy probability of CV-CONCEPT is 2.1% (moderate). The 2025 annual accounts show equity of €8,727 and a net result of €1,079. Equity is growing by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 25% of 28281 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+49
Solvency48▲+7
Growth52▲+17
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
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Signals
Four signals. The signal on the left, the evidence on the right.
+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
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 28281 sector peers (2025).
NBB · sector comparisonPosition among 28281 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-07-2025 was due by 28-02-2026 and was filed on 16-03-2026, 16 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 · 7 filingsDeviation from the deadline
2025
16 d late
2024
8 d early
2023
29 d early
2022
25 d early
2021
4 d early
2020
4 d early
2019
3 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 7 days before 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-07-2026 and is due by 28-02-2027. Nothing is late today. Usually files around 20 February (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
31-07-2026 close29-09-2026 today28-02-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€74,056▼ 2.1%
2024 · €75,630
EBIT margin
4.1%▲ 6.5pp
2024 · -2.4%
Net result
€1,079
2024 · -€2,150
Working capital
€3,207
2024 · -€595
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€89,262▼ 18.9%€106,677▲ 19.5%€94,536▼ 11.4%€75,630▼ 20.0%€74,056▼ 2.1%
Operating result€3,140▲ 652%€962▼ 69.4%€311▼ 67.7%-€1,838€3,046
Net result€2,362within the sector's middle half▲ 1,353%€766below the sector's middle half▼ 67.6%€296below the sector's middle half▼ 61.3%-€2,150below the sector's middle half€1,079within the sector's middle half
EBIT margin3.5%▲ 3.1pp0.9%▼ 2.6pp0.3%▼ 0.6pp-2.4%▼ 2.8pp4.1%▲ 6.5pp
Equity€8,736below the sector's middle half▲ 37.1%€9,502below the sector's middle half▲ 8.8%€9,798below the sector's middle half▲ 3.1%€7,648below the sector's middle half▼ 21.9%€8,727below the sector's middle half▲ 14.1%
Total assets€47,374below the sector's middle half▼ 14.3%€33,888below the sector's middle half▼ 28.5%€30,779below the sector's middle half▼ 9.2%€47,896below the sector's middle half▲ 55.6%€37,530below the sector's middle half▼ 21.6%
Debt€38,638▼ 21.0%€24,386▼ 36.9%€20,981▼ 14.0%€40,248▲ 91.8%€28,803▼ 28.4%
Working capital€8,736within the sector's middle half▲ 42.7%€9,502within the sector's middle half▲ 8.8%€9,798within the sector's middle half▲ 3.1%-€595below the sector's middle half€3,207below the sector's middle half
Solvency18.4%below the sector's middle half▲ 6.9pp28.0%within the sector's middle half▲ 9.6pp31.8%within the sector's middle half▲ 3.8pp16.0%below the sector's middle half▼ 15.9pp23.3%below the sector's middle half▲ 7.3pp
Current ratio1.23within the sector's middle half▲ 0.101.39within the sector's middle half▲ 0.161.47within the sector's middle half▲ 0.080.98below the sector's middle half▼ 0.491.19within the sector's middle half▲ 0.22
Return on assets (ROA)5.0%within the sector's middle half▲ 4.7pp2.3%within the sector's middle half▼ 2.7pp1.0%within the sector's middle half▼ 1.3pp-4.5%below the sector's middle half▼ 5.5pp2.9%within the sector's middle half▲ 7.4pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €3,046 after a loss of €1,838 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €37,530
Fixed assets
€17,690 ▼ 23.8%
Current assets
€19,840 ▼ 19.7%
Equity and liabilities €37,530
Equity
€8,727 ▲ 14.1%
Debt
€28,803 ▼ 28.4%
Debt's share of the balance-sheet total falls from 84.0% to 76.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€8,559▲
2024 · €354
Cash flow
€6,592▲
2024 · €42
Debt to equity
3.30▼
2024 · 5.26
ROE
12.4%▲
2024 · -28.1%
Interest coverage
5.48▲
2024 · 0.43
Debt ≤ 1 year
€16,633▼
2024 · €25,288
Debt > 1 year
€12,169▼
2024 · €14,960
Income taxes
€405▲
2024 · €126
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,275 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
2.5%
went bankrupt
2.5%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,275 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €89,262 | €106,677 | €94,536 | €75,630 | €74,056 | ▼ 2.1% |
| Goods, raw materials, services and sundry goods60/61 | - | €106,192 | €94,225 | €75,131 | €65,424 | ▼ 12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | €2,192 | €5,513 | ▲ 152% |
| Other operating charges640/8 | - | €62 | - | €146 | €73 | ▼ 49.8% |
| Gross operating margin9900 | €6,485 | €1,023 | €311 | €500 | €8,632 | ▲ 1,627% |
| Operating profit (loss)9901 | €3,140 | €962 | €311 | -€1,838 | €3,046 | ▲ 266% |
| Financial income75/76B | - | €411 | €363 | €638 | €1 | ▼ 99.8% |
| Recurring financial income75 | - | €411 | €363 | €638 | €1 | ▼ 99.8% |
| Financial charges65/66B | - | €346 | €236 | €824 | €1,563 | ▲ 89.6% |
| Recurring financial charges65 | €125 | €346 | €236 | €824 | €1,563 | ▲ 89.6% |
| Profit (loss) for the period before taxes9903 | €3,016 | €1,027 | €438 | -€2,024 | €1,484 | ▲ 173% |
| Income taxes67/77 | €653 | €261 | €141 | €126 | €405 | ▲ 222% |
| Profit (loss) for the period9904 | €2,362 | €766 | €296 | -€2,150 | €1,079 | ▲ 150% |
| Profit (loss) for the period to be appropriated9905 | €2,362 | €766 | €296 | -€2,150 | €1,079 | ▲ 150% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €47,374 | €33,888 | €30,779 | €47,896 | €37,530 | ▼ 21.6% |
| Fixed assets21/28 | - | - | - | €23,203 | €17,690 | ▼ 23.8% |
| Tangible fixed assets22/27 | - | - | - | €23,203 | €17,690 | ▼ 23.8% |
| Furniture and vehicles24 | - | - | - | €2,170 | €1,085 | ▼ 50.0% |
| Leasing and similar rights25 | - | - | - | €21,033 | €16,605 | ▼ 21.1% |
| Current assets29/58 | €47,374 | €33,888 | €30,779 | €24,693 | €19,840 | ▼ 19.7% |
| Amounts receivable within one year40/41 | €16,199 | €26,052 | €20,625 | €23,335 | €16,132 | ▼ 30.9% |
| Trade receivables40 | - | €12,205 | €15,777 | €18,240 | €12,866 | ▼ 29.5% |
| Other amounts receivable41 | - | €13,847 | €4,848 | €5,095 | €3,265 | ▼ 35.9% |
| Cash at bank and in hand54/58 | €7,491 | €5,210 | €10,153 | €1,015 | €3,349 | ▲ 230% |
| Deferred charges and accrued income490/1 | - | €2,625 | - | €343 | €359 | ▲ 4.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €47,374 | €33,888 | €30,779 | €47,896 | €37,530 | ▼ 21.6% |
| Equity10/15 | €8,736 | €9,502 | €9,798 | €7,648 | €8,727 | ▲ 14.1% |
| Contributions10/11 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €676 | €1,442 | €1,738 | -€412 | €667 | ▲ 262% |
| Amounts payable17/49 | €38,638 | €24,386 | €20,981 | €40,248 | €28,803 | ▼ 28.4% |
| Amounts payable after more than one year17 | - | - | - | €14,960 | €12,169 | ▼ 18.7% |
| Financial debts170/4 | - | - | - | €14,960 | €12,169 | ▼ 18.7% |
| Amounts payable within one year42/48 | €38,638 | €24,386 | €20,981 | €25,288 | €16,633 | ▼ 34.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2,542 | €3,013 | ▲ 18.5% |
| Trade debts44 | €37,285 | €22,775 | €20,579 | €22,647 | €13,216 | ▼ 41.6% |
| Suppliers440/4 | - | €13,439 | €20,579 | €22,647 | €13,216 | ▼ 41.6% |
| Bills of exchange payable441 | - | €9,336 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €1,611 | €402 | €99 | €405 | ▲ 308% |
| Taxes450/3 | - | €261 | €402 | €99 | €405 | ▲ 308% |
| Remuneration and social security454/9 | - | €1,350 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,362 | €766 | €296 | -€2,150 | €1,079 | ▲ 150% |
| + Depreciation and write-downs630 | - | - | - | €2,192 | €5,513 | ▲ 152% |
| Operating cash flow (approximation) | €2,362 | €766 | €296 | €42 | €6,592 | ▲ 15,671% |
| Investment in fixed assets (approximation) | - | - | - | - | €0 | - |
| Change in cash | - | -€2,281 | €4,943 | -€9,138 | €2,334 | ▲ 126% |
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
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
31-07
Financial
Back to profitnet €1,079
Net result €1,079 after one loss-making year.
20-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-07
Financial
Weakest financial yearnet -€2,150
Net result drops to -€2,150, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-07
Financial
Highest result since 2019net €2,362 ▲1,353%
Operating result €3,140, net result €2,362, both a record.
24-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
03-03
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 3 days late
Financial milestoneNBB 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, Etterbeek · 1 establishment unit since 2017
Ground area
75 m²
Building footprint
63 m²
Volume, LiDAR
859 m³
Parcel 21364B0183/00H003, Brussels · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.
165
companies at this address
See who is registered here
1 establishment unit
CV-CONCEPT
since 20172.269.919.566
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21364B0183/00H003 | Brussels | 75 m² | 1 · 63 m² | 17.8 m · 5 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.
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Of 15,524 companies in sector 43990 we hold annual accounts for 7,427. 3,795 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)
Founded03-11-2017
Fiscal year end31-07
Activities, NACEBEL 2025
43990Other specialised construction activities
81210General cleaning of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0683955116
Also
9925:BE0683955116
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.