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C4F

Active
Public limited companyfounded 201214 years activeGachardstraat 88, 1050 Elsene, BelgiumKBO/BCE: BE 0846.794.954
Summary

The computed 12-month bankruptcy probability of C4F is 3.6% (moderate). The 2024 annual accounts show equity of €8.2m and a net result of €502,496. Equity remains stable across the filed fiscal years (±0.6% per year). The company has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals.

Overview

Activity
Activity not known1 site
Size
€8.3mtotal assets 2024
Equity
€8.2m
Profit
€502,496
Financial health
50 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
3.6%
Structure
Holdings
1
Accounts 69 days overdue0 of 10 deeds read
Why 50- Liquidity: current ratio 2.00, cash €277, halved- 1 financial year not filed after the legal deadline; latest accounts 344 days late; 3 of the last 3 late- Figures for FY 2024 (filed 18-07-2026)+ Size: total assets €8.3m, files consolidated accountsShow the evidence

Checked score

Score 2024
50 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 47% of its sector peers (no NACE code, small)
Financial strength · tick = 2023
Strong
Solvency 100+13
equity 99.1% of total assets
Liquidity 50+5
short-term debt 0.8% · cash 0.0%
Profitability 53+10
return on assets 6.0%
Bankruptcy probability, 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.8% 12-2024: 0.8%● unchanged vs 11-2024 01-2025: 0.9%▲ +0.1 percentage points vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 0.8%▼ -0.1 percentage points vs 02-2025 04-2025: 0.8%● unchanged vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025lowest value 06-2025: 0.8%● unchanged vs 05-2025lowest value 07-2025: 0.8%● unchanged vs 06-2025 08-2025: 1.1%▲ +0.3 percentage points vs 07-2025 09-2025: 1.2%▲ +0.1 percentage points vs 08-2025 10-2025: 1.9%▲ +0.7 percentage points vs 09-2025 11-2025: 1.9%● unchanged vs 10-2025 12-2025: 2.6%▲ +0.7 percentage points vs 11-2025 01-2026: 3.5%▲ +0.9 percentage points vs 12-2025 02-2026: 3.5%● unchanged vs 01-2026 03-2026: 3.5%● unchanged vs 02-2026 04-2026: 3.4%▼ -0.1 percentage points vs 03-2026 05-2026: 3.4%● unchanged vs 04-2026 06-2026: 3.4%● unchanged vs 05-2026 07-2026: 3.4%● unchanged vs 06-2026 08-2026: 2.3%▼ -1.1 percentage points vs 07-2026 09-2026: 2.5%▲ +0.2 percentage points vs 08-2026 10-2026: 3.6%▲ +1.1 percentage points vs 09-2026highest value
Credit up to €410,000 at 30 days only on tighter terms
Liquidity ample (current ratio 2.0 against 0.04 in 2023; short-term debt: 0.8% and cash: 0% of total assets), and 0.9% of the assets are financed with debt.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small): better than 82% on solvency, 42% on liquidity, 57% on profitability and 7% on growth.

The bankruptcy probability was computed on 07-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
−lowers risk+raises risk
raises risk · Liquidity: current ratio 2.00, cash €277, halved
NBB · annual accounts
raises risk · 1 financial year not filed after the legal deadline; latest accounts 344 days late; 3 of the last 3 late
NBB · filings
lowers risk · Size: total assets €8.3m, files consolidated accounts
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · Figures for FY 2024 (filed 18-07-2026)
NBB · annual accounts
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 10-07-2026, 344 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 6 filings
Deviation from the deadline
2025
not confirmed
2024
344 days late
2023
50 days late
2022
135 days late
2021
144 days late
2020
89 days late
2019
116 days late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 6 accounts on average 146 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2024 · full…
  2. Liquidity times 54current ratio 2.00
  3. Annual accounts filedfiscal year 2022 · consolidated…

Key points

  • Caution: Accounts not fileddeadline was 31-07-2026 69 days late View
  • Caution: Equity fell in 2024from €13.1m to €8.2m ▼ 36.9% View
  • Positive: 5 profitable years in a rowprofit 2024: €502,496 5 years View

By topic

Financials

Fiscal year
2024
Total assets
€8.3m
Profit
€502,496
Solvency
99.1%
Total assets▼ 60.6%
Net result
20182024
Go to Financials

Timeline

Events
14
Since
2019
  1. 19-09-2024Annual accounts filed
  2. 29-12-2023Annual accounts filed
  3. 13-12-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Founded
22-06-2012
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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