CXC LING
ActiveSummary
CXC LING has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €27,894 and a net result of €25,827. Equity is growing by ~33.7% per year across the filed fiscal years. Its solvency ranks better than 34% of 15872 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability80▲+6
Solvency43▲+17
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity short (current ratio 0.93 against 0.9 in 2023; short-term debt: 81.6% and cash: 2.4% of total assets), and 81.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more 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 · 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
18.4%
Return on assets
17.1%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d late
2023
366 d late
2022
58 d late
2021
681 d late
2020
2 d early
2019
32 d early
← 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 184 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€27,894▲ 1,250%
2023 · €2,067
Total assets
€151,193▼ 49.4%
2023 · €299,019
Net result
€25,827▲ 96.0%
2023 · €13,175
Working capital
-€9,081▲ 67.0%
2023 · -€27,537
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Line20202021202220232024
Operating result€12,033▲ 39,969%€9,403▼ 21.9%€8,940▼ 4.9%€17,571▲ 96.5%€33,750▲ 92.1%
Net result€7,446within the sector's middle half€5,825within the sector's middle half▼ 21.8%€5,177within the sector's middle half▼ 11.1%€13,175within the sector's middle half▲ 154%€25,827above the sector's middle half▲ 96.0%
Equity-€22,110below the sector's middle half▲ 25.2%-€16,285below the sector's middle half▲ 26.3%-€11,109below the sector's middle half▲ 31.8%€2,067below the sector's middle half€27,894within the sector's middle half▲ 1,250%
Total assets€73,115within the sector's middle half▲ 40.2%€153,700within the sector's middle half▲ 110%€420,056above the sector's middle half▲ 173%€299,019within the sector's middle half▼ 28.8%€151,193within the sector's middle half▼ 49.4%
Debt€95,225▲ 16.6%€169,985▲ 78.5%€431,165▲ 154%€296,952▼ 31.1%€123,299▼ 58.5%
Working capital€17,964within the sector's middle half▲ 52.0%-€21,885below the sector's middle half-€28,132below the sector's middle half▼ 28.5%-€27,537below the sector's middle half▲ 2.1%-€9,081below the sector's middle half▲ 67.0%
Solvency-30.2%below the sector's middle half▲ 26.4pp-10.6%below the sector's middle half▲ 19.6pp-2.6%below the sector's middle half▲ 8.0pp0.7%below the sector's middle half▲ 3.3pp18.4%within the sector's middle half▲ 17.8pp
Current ratio1.39within the sector's middle half▼ 0.070.85below the sector's middle half▼ 0.530.93within the sector's middle half▲ 0.080.90below the sector's middle half▼ 0.030.93within the sector's middle half▲ 0.02
Return on assets (ROA)10.2%within the sector's middle half▲ 17.6pp3.8%within the sector's middle half▼ 6.4pp1.2%within the sector's middle half▼ 2.6pp4.4%within the sector's middle half▲ 3.2pp17.1%above the sector's middle half▲ 12.7pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 92% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €151,193
Fixed assets
€36,975 =
Current assets
€114,218 ▼ 56.4%
Equity and liabilities €151,193
Equity
€27,894 ▲ 1,250%
Debt
€123,299 ▼ 58.5%
Debt's share of the balance-sheet total falls from 99.3% to 81.6%. Equity is higher and debt is lower.
Key figures and ratios
Quick ratio
0.39▼
2023 · 0.56
Debt to equity
4.42
ROE
92.6%▼
2023 · 637.4%
Debt ≤ 1 year
€123,299▼
2023 · €289,582
Income taxes
€7,663▲
2023 · €2,523
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 5,053 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €55,113 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €204 | €2,521 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,809 | €7,181 | €9,426 | €13,728 | - | - |
| Other operating charges640/8 | - | €3,950 | €3,939 | €3,931 | €3,521 | ▼ 10.4% |
| Gross operating margin9900 | €45,651 | €20,738 | €24,826 | €35,230 | €37,271 | ▲ 5.8% |
| Operating profit (loss)9901 | €12,033 | €9,403 | €8,940 | €17,571 | €33,750 | ▲ 92.1% |
| Financial charges65/66B | - | €3,578 | €3,763 | €1,873 | €260 | ▼ 86.1% |
| Recurring financial charges65 | €4,587 | €3,578 | €3,763 | €1,873 | €260 | ▼ 86.1% |
| Profit (loss) for the period before taxes9903 | €7,446 | €5,825 | €5,177 | €15,698 | €33,490 | ▲ 113% |
| Income taxes67/77 | - | - | - | €2,523 | €7,663 | ▲ 204% |
| Profit (loss) for the period9904 | €7,446 | €5,825 | €5,177 | €13,175 | €25,827 | ▲ 96.0% |
| Profit (loss) for the period to be appropriated9905 | €7,446 | €5,825 | €5,177 | €13,175 | €25,827 | ▲ 96.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €73,115 | €153,700 | €420,056 | €299,019 | €151,193 | ▼ 49.4% |
| Fixed assets21/28 | €8,807 | €24,744 | €27,677 | €36,975 | €36,975 | = |
| Tangible fixed assets22/27 | €8,807 | €24,744 | €25,277 | €33,575 | €33,575 | = |
| Plant, machinery and equipment23 | - | €3,100 | €9,363 | €7,456 | €33,575 | ▲ 350% |
| Furniture and vehicles24 | - | €21,644 | €15,405 | €25,729 | - | - |
| Other tangible fixed assets26 | - | - | €509 | €390 | - | - |
| Financial fixed assets28 | - | - | €2,400 | €3,400 | €3,400 | = |
| Current assets29/58 | €64,307 | €128,956 | €392,379 | €262,044 | €114,218 | ▼ 56.4% |
| Stocks and contracts in progress3 | €13,625 | €95,000 | €87,200 | €98,500 | €66,606 | ▼ 32.4% |
| Stocks30/36 | - | €95,000 | €87,200 | €98,500 | €66,606 | ▼ 32.4% |
| Amounts receivable within one year40/41 | €24,924 | €22,648 | €290,771 | €153,950 | €43,985 | ▼ 71.4% |
| Trade receivables40 | - | €22,579 | €290,753 | €153,327 | €43,985 | ▼ 71.3% |
| Other amounts receivable41 | - | €69 | €18 | €623 | - | - |
| Current investments50/53 | €9,355 | €9,355 | €9,355 | €9,355 | - | - |
| Cash at bank and in hand54/58 | €10,664 | - | €4,814 | - | €3,628 | - |
| Deferred charges and accrued income490/1 | - | €1,953 | €239 | €239 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €73,115 | €153,700 | €420,056 | €299,019 | €151,193 | ▼ 49.4% |
| Equity10/15 | -€22,110 | -€16,285 | -€11,109 | €2,067 | €27,894 | ▲ 1,250% |
| Contributions10/11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | - | - | - |
| Other1109/19 | - | €18,600 | €18,600 | - | - | - |
| Profit (loss) carried forward14 | -€40,710 | -€34,885 | -€29,709 | -€16,533 | €9,294 | ▲ 156% |
| Amounts payable17/49 | €95,225 | €169,985 | €431,165 | €296,952 | €123,299 | ▼ 58.5% |
| Amounts payable after more than one year17 | €48,882 | €19,144 | €7,371 | €7,371 | - | - |
| Financial debts170/4 | - | €19,144 | €7,371 | €7,371 | - | - |
| Amounts payable within one year42/48 | €46,344 | €150,841 | €420,511 | €289,582 | €123,299 | ▼ 57.4% |
| Current portion of amounts payable after more than one year42 | - | €12,123 | €11,450 | €11,450 | - | - |
| Financial debts43 | - | €2,444 | €8,294 | €27,853 | - | - |
| Credit institutions430/8 | - | - | €8,294 | €27,853 | - | - |
| Other loans439 | - | €2,444 | - | - | - | - |
| Trade debts44 | €36,647 | €98,364 | €169,024 | €138,542 | €39,914 | ▼ 71.2% |
| Suppliers440/4 | - | €98,364 | €169,024 | €138,542 | €39,914 | ▼ 71.2% |
| Taxes, remuneration and social security45 | - | €1,875 | €144,173 | €40,577 | €28,745 | ▼ 29.2% |
| Taxes450/3 | - | €1,875 | €22,395 | €40,577 | €28,745 | ▼ 29.2% |
| Remuneration and social security454/9 | - | - | €121,778 | - | - | - |
| Other amounts payable47/48 | - | €36,035 | €87,570 | €71,161 | €54,640 | ▼ 23.2% |
| Accrued charges and deferred income492/3 | - | - | €3,283 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,446 | €5,825 | €5,177 | €13,175 | €25,827 | ▲ 96.0% |
| + Depreciation and write-downs630 | €5,809 | €7,181 | €9,426 | €13,728 | - | - |
| Operating cash flow (approximation) | €13,255 | €13,006 | €14,603 | €26,904 | €25,827 | ▼ 4.0% |
| Investment in fixed assets (approximation) | - | -€23,118 | -€12,359 | -€23,026 | €0 | ▲ 100% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 366 days late
2024
31-12
Financial
Highest result since 2018net €25,827 ▲96%
Operating result €33,750, net result €25,827, both a record.
11-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 681 days late
2023
27-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 58 days late
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €7,446
Net result €7,446 after 2 loss-making years.
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity doublescurrent ratio 1.46
Current ratio from 0.66 to 1.46.
27-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
23-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
01-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Bierbeek · 2 establishment units since 2010
Ground area
4,408 m²
Building footprint
3,577 m²
Volume, LiDAR
9,403 m³
2 parcels, Flanders · tallest building 9.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
sikitrading
since 20102.191.249.301
Boutersem Magazijn
since 20252.374.887.919
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24093C0351/00B000 | Flanders | 3,783 m² | 1 · 3,504 m² | 6.4 m · 1 fl. |
| 24065B0056/00D002 | Flanders | 625 m² | 1 · 72 m² | 9.5 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBoutersem2.374.887.919
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Of 1,424 companies in sector 46389 we hold annual accounts for 856. 451 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)
Founded11-06-2010
Fiscal year end31-12
Activities, NACEBEL 2025
46389Wholesale of other food products
47120Other non-specialised retail sale
47279Other retail sale of food
47789Other retail sale of new goods
52100Warehousing and storage
E-invoicing
Reachable via Peppol
Peppol ID
0208:0826714469
Also
9925:BE0826714469
Registered
12-06-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.