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C4F

Active
Public limited company· 14 yrs active
Gachardstraat 88 ·1050 Elsene, Belgium
KBO/BCE: BE 0846.794.954
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Age14 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of C4F is 1.7% (moderate). The 2023 annual accounts show equity of €13.07M and a net result of €482k. Equity is growing by ~3.3% per year across the filed fiscal years. The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

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

Signals

2 signals · with evidence
Consistently profitable
Positive net result in the two most recent financial years (2022 and 2023).
View the result trend
Growing equity
Equity grew over 2021-2023. Profits are largely retained rather than distributed.
View the equity trend

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

Trust signals

2 signals
Established
Founded in 2012, 14 years in business.
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 administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
1.7% Moderate
0%0,5%1,5%4%10%≥25%
No NACE activity registered +Higher-failure-rate region +Lower-risk legal form

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€482k-46.0%
Working capital€-3.54M+7.5%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 19-09-2024 with the NBB · fiscal year 2023 · volledig
The figures below are the statutory (non-consolidated) annual accounts. This company also files consolidated accounts; the group figures can differ substantially.
€-250k€0€250k€500k€750k€1.00MOperating result 2018: €-17k€-17kNet result 2018: €101k€101kOperating result 2020: €-17k€-17kNet result 2020: €551k€551kOperating result 2021: €5k€5kNet result 2021: €69k€69kOperating result 2022: €-68k€-68kNet result 2022: €894k€894kOperating result 2023: €-35k€-35kNet result 2023: €482k€482k20182020202120222023
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 ~3.3%/year over 5 fiscal years, indicative, assuming unchanged policy.
€11.00M€12.00M€13.00M€14.00M€15.00M2024: €13.35M (€12.30M - €14.40M)2025: €13.73M (€12.69M - €14.78M)2026: €14.11M (€13.07M - €15.16M)2018: €11.66M2020: €11.63M2021: €11.69M2022: €12.59M2023: €13.07M20182020202120222023202420252026
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).

Net profit
€482k
-46.0% 18-23
Total assets
€21.09M
0.0% 18-23
Equity
€13.07M
+3.8% 18-23
Working capital
€-3.54M
+7.5% 18-23
Income taxes
€1k
- 18-23
Dividends
€489k
- 18-23
Debt
€8.02M
-5.7% 18-23
Debt ≤ 1y
€3.68M
-7.2% 18-23
Debt > 1y
€4.33M
-4.3% 18-23
Current ratio
0.04
+7.2% 18-23
Quick ratio
0.04
+7.2% 18-23
Solvency
62.0%
+3.8% 18-23
Debt / equity
0.61
-9.2% 18-23
ROE
3.7%
-48.0% 18-23
ROA
2.3%
-46.0% 18-23
Figures by fiscal year
Fiscal year2023
Revenue-
EBITDA-
Net profit€482k
Cash flow-
Staff costs-
Income taxes-
Dividends-
Total assets€21.09M
Equity€13.07M
Debt€8.02M
of which ≤ 1y€3.68M
of which > 1y€4.33M
Working capital€-3.54M
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.04
Quick ratio0.04
Working capital ratio-16.8%
Solvency62.0%
Debt / equity0.61
Long-term debt ratio0.33
Interest coverage-
Gross margin-
Net margin-
ROA2.3%
ROE3.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€21.09M
Fixed assets 21/28€20.95M
Financial fixed assets 28€20.95M
Current assets 29/58€137k
Amounts receivable within one year 40/41€19k
Cash & bank 54/58€638
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€21.09M
Equity 10/15€13.07M
Contributions / capital 10/11€11.55M
Reserves 13€112k
Accumulated profits (losses) 14€1.41M
Amounts payable 17/49€8.02M
Amounts payable after one year 17€4.33M
Amounts payable within one year 42/48€3.68M
Trade debts payable within one year 44€27k
Income statement
Operating result 9901€-35k
Financial income 75€616k
Financial charges 65€99k
Result before taxes 9903€482k
Net result for the period 9904€482k
Result to be appropriated 9905€482k
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 2023 · computed
48 / 100 Fair
050100
Computed from 4 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 with Plus.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location
C4F
Gachardstraat 88, 1050 ElseneHoldings
since 20122.299.871.384
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,666 m²

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.

Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0149/00W000 Brussels 1,666 m² - -
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

Belgisch Staatsblad · acts

3 acts
Capital history · 1
13-01-2025
Capital change
All acts · 3 updated 1 year ago
2025
13-01-2025 Capital decrease of €4,519,125.03 to €7,032,963.97 Capital & shares·Vincent Vroninks
  • €11.552.089 → €7.032.963,97
Notary: Vincent Vroninks · Ixelles
2024
07-10-2024 Publication in the Belgian Official Gazette, Miscellaneous Miscellaneous
Summary: proposal
03-10-2024 6 reappointed Director changes
  • Rémi FOUQUE, Bestuurder
  • Régis FOUQUE, Bestuurder
  • Grégory FOUQUE, Bestuurder
  • Rémi FOUQUE, Gedelegeerd bestuurder
  • Régis FOUQUE, Gedelegeerd bestuurder
  • Grégory FOUQUE, Gedelegeerd bestuurder

Analysis

Snowflake analysis

financial profile on 5 axes
Health48Profitability18Solvency66Growth78Stability100
62 / 100

Strong profile, led by stability.

All 5 axes are computed from data Checked has read.

Health 48
Profitability 18
Solvency 66
Growth 78
Stability 100

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Company registry

Company registry (CBE)

Crossroads Bank
Names & trade names
Legal nameFR C4F
Registered office
Gachardstraat 88 bus 8
1050 Elsene, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.