CVLux
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 23-12-2025 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is a profit of €19,742, after a loss of €23,945 in 2024.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Investments
| Item | 30-06-2024 | 30-06-2025 |
|---|---|---|
| Tangible fixed assets | €15,388 | €1,078 |
| Depreciation and write-downs of the year | €2,130 | €3,302 |
Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,130 | €3,302 | ▲ 55.0% |
| Other operating charges640/8 | €732 | €1,260 | ▲ 72.3% |
| Gross operating margin9900 | -€21,084 | €24,304 | - |
| Operating profit (loss)9901 | -€23,945 | €19,742 | - |
| Financial income75/76B | €1 | €153 | ▲ 118× |
| Recurring financial income75 | €1 | €153 | ▲ 118× |
| Financial charges65/66B | €1,772 | €2,842 | ▲ 60.4% |
| Recurring financial charges65 | €1,772 | €2,842 | ▲ 60.4% |
| Profit (loss) for the period before taxes9903 | -€25,716 | €17,053 | - |
| Income taxes67/77 | €173 | €1,725 | ▲ 899% |
| Profit (loss) for the period9904 | -€25,889 | €15,328 | - |
| Profit (loss) for the period to be appropriated9905 | -€25,889 | €15,328 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €59,601 | €113,437 | ▲ 90.3% |
| Fixed assets21/28 | €13,258 | €11,034 | ▼ 16.8% |
| Tangible fixed assets22/27 | €13,258 | €11,034 | ▼ 16.8% |
| Plant, machinery and equipment23 | €4,997 | €3,817 | ▼ 23.6% |
| Furniture and vehicles24 | €6,107 | €5,373 | ▼ 12.0% |
| Other tangible fixed assets26 | €2,154 | €1,843 | ▼ 14.4% |
| Current assets29/58 | €46,343 | €102,403 | ▲ 121% |
| Stocks and contracts in progress3 | €9,933 | €0 | ▼ 100% |
| Stocks30/36 | €9,933 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €33,488 | €97,649 | ▲ 192% |
| Trade receivables40 | €33,488 | €97,649 | ▲ 192% |
| Cash at bank and in hand54/58 | €987 | €2,107 | ▲ 114% |
| Deferred charges and accrued income490/1 | €1,935 | €2,647 | ▲ 36.8% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €59,601 | €113,437 | ▲ 90.3% |
| Equity10/15 | -€23,389 | -€8,061 | ▲ 65.5% |
| Contributions10/11 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | -€25,889 | -€10,561 | ▲ 59.2% |
| Amounts payable17/49 | €82,990 | €121,498 | ▲ 46.4% |
| Amounts payable within one year42/48 | €82,003 | €120,731 | ▲ 47.2% |
| Trade debts44 | €10,773 | €29,216 | ▲ 171% |
| Suppliers440/4 | €10,773 | €29,216 | ▲ 171% |
| Taxes, remuneration and social security45 | €2,005 | €11,896 | ▲ 493% |
| Taxes450/3 | €2,005 | €11,896 | ▲ 493% |
| Other amounts payable47/48 | €69,225 | €79,618 | ▲ 15.0% |
| Accrued charges and deferred income492/3 | €986 | €767 | ▼ 22.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€25,889 | €15,328 | - |
| + Depreciation and write-downs630 | €2,130 | €3,302 | ▲ 55.0% |
| Operating cash flow (approximation) | -€23,759 | €18,630 | - |
| Investment in fixed assets (approximation) | - | -€1,078 | - |
| Change in cash | - | €1,120 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,017 companies had the same profile as CVLux has now. Two years later, 89.2% were still going and 6.5% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CVLux itself: 4.6% within 12 months.
Test of the method
The method was tested on the 497,446 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 1,017 companies, not a prediction for CVLux. 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.