C x M · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of C x M is 1.6% (moderate). The 2024 annual accounts show equity of €135k and a net result of €-15k. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 87% of 1745 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 5 annual accounts.

Signals

1 signal · with evidence

Strong solvency vs sector

Solvency is in the sector's strongest quartile: better than 87% of 1745 peers (2024). A comfortable equity buffer.

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 13 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

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.

How we compute the deadline

The year end is derived from 5 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	26-09-2025	57 d late	2025-00504940
31-12-2023	31-07-2024	04-06-2024	57 d early	2024-00116100
31-12-2022	31-07-2023	23-08-2023	23 d late	2023-00354116
31-12-2021	31-07-2022	02-06-2022	59 d early	2022-20046279
31-12-2020	31-07-2021	04-06-2021	57 d early	2021-17900166

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2020, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.6% Moderate

0%0,5%1,5%4%10%≥25%

Young company +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€-15k

Working capital€69k-9.5%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 26-09-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~19.2%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 96, Personal services · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	64.1%	14.6%	better than 87% of 1745 sector peers
Net result	€-15k	€1k	better than 12% of 1742 sector peers
Equity	€135k	€5k	better than 95% of 1749 sector peers
Gross operating margin	€146k	€16k	better than 91% of 1741 sector peers
Staff costs	€138k	€26k	higher than 89% of 793 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P87

Improving position over 2020-2024 · n=258-1745

Net result P12

Stable position over 2020-2024 · n=259-1742

Equity P95

Stable position over 2020-2024 · n=259-1749

Gross operating margin P91

Stable position over 2020-2024 · n=259-1741

Describes the position versus peers, not a forecast.

EBITDA

€7k

-89.4% 20-24

Net profit

€-15k

- 20-24

Cash flow

€3k

-93.0% 20-24

Total assets

€210k

+17.6% 20-24

Equity

€135k

-9.8% 20-24

Working capital

€69k

-9.5% 20-24

Employees (FTE)

2

+57.1% 20-24

Staff costs

€138k

+53.2% 20-24

Income taxes

€260

-98.2% 20-24

Dividends

€22k

+1297.1% 20-24

Debt

€75k

+157.5% 20-24

Debt ≤ 1y

€60k

+105.9% 20-24

Debt > 1y

€15k

+197.9% 20-24

Current ratio

2.14

-40.4% 20-24

Quick ratio

1.94

-39.0% 20-24

Solvency

64.1%

-23.3% 20-24

Debt / equity

0.56

+185.6% 20-24

ROE

-10.9%

- 20-24

ROA

-7.0%

- 20-24

Interest coverage

2.01

-93.6% 20-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€7k
Net profit	€-15k
Cash flow	€3k
Staff costs	€138k
Income taxes	€260
Dividends	-
Total assets	€210k
Equity	€135k
Debt	€75k
of which ≤ 1y	€60k
of which > 1y	€15k
Working capital	€69k
Employees (FTE)	2.2

Ratios (computed)

	2024
Current ratio	2.14
Quick ratio	1.94
Working capital ratio	32.6%
Solvency	64.1%
Debt / equity	0.56
Long-term debt ratio	0.11
Interest coverage	2.01
Gross margin	-
Net margin	-
ROA	-7.0%
ROE	-10.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €81k · 38.7% Current assets €129k · 61.3%

Equity & liabilities

Equity €135k · 64.1% Debt €75k · 35.9%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€210k
Fixed assets	21/28	€81k
Tangible fixed assets	22/27	€81k
Financial fixed assets	28	€680
Current assets	29/58	€129k
Stocks & contracts in progress	3	€12k
Amounts receivable within one year	40/41	€6k
Cash & bank	54/58	€106k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€210k
Equity	10/15	€135k
Contributions / capital	10/11	€10k
Reserves	13	€125k
Amounts payable	17/49	€75k
Amounts payable after one year	17	€15k
Amounts payable within one year	42/48	€60k
Trade debts payable within one year	44	€30k
Income statement
Gross operating margin	9900	€146k
Operating result	9901	€-11k
Financial income	75	€144
Financial charges	65	€3k
Result before taxes	9903	€-14k
Income taxes	67/77	€260
Net result for the period	9904	€-15k
Result to be appropriated	9905	€-15k

You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

65 / 100 Healthy

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

De Burburestraat 172000 Antwerpen

Establishment units

1 location

C x M

De Burburestraat 17, 2000 AntwerpenHaarverzorging

since 20202.302.836.022

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area91 m²

Buildings1

Building footprint91 m²

Volume (LiDAR)1,262 m³

Tallest building19.6 m · ±5 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11811L3667/00B003	Flanders	91 m²	1 · 91 m²	19.6 m · 5 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

63 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 65

Profitability 0

Solvency 99

Growth 52

Stability 100

Ask AI about this company

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

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We hold annual accounts for 729 of the 21,773 companies in this sector. 318 of them are within a factor 10 of this company's equity.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Haarverzorging96021Kappers- en barbiersactiviteiten96210Detailhandel in kledingaccessoires in gespecialiseerde winkels47715Detailhandel in kledingaccessoires47715Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires in gespecialiseerde winkels (algemeen assortiment)47716Detailhandel in dames-, heren-, baby- en kinderboven- en onderkleding en kledingaccessoires (algemeen assortiment)47716Detailhandel in cosmetica en toiletartikelen in gespecialiseerde winkels47750Detailhandel in cosmetica en toiletartikelen47750Schoonheidsverzorging96022Schoonheidsverzorging en andere schoonheidsbehandelingen96220

Primary activity highlighted.

Names & trade names

Legal nameNL

C x M

Registered office

De Burburestraat 17

2000 Antwerpen, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.