CC DEVELOPMENT
ActiveSummary
The computed 12-month bankruptcy probability of CC DEVELOPMENT is 1.8% (moderate). The 2024 annual accounts show equity of €1.49M and a net result of €18k. Equity remains stable across the filed fiscal years (±1.2% per year). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability46▲+22
Solvency55▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity short (current ratio 0.02 against 0.05 in 2023; short-term debt: 13.1% and cash: 0.2% of total assets), and 69.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
30.3%
Return on assets
0.4%
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 11-08-2025, 11 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
11 d late
2023
31 d late
2022
31 d late
2021
30 d early
2020
16 d early
2019
24 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€1.49M▲ 1.2%
2023 · €1.47M
2018: €-96k
2019: €-198k▼ -106% vs 2018lowest in 7 years
2020: €1.78M▲ +998% vs 2019highest in 7 years
2021: €1.70M▼ -4.2% vs 2020
2022: €1.64M▼ -3.6% vs 2021
2023: €1.47M▼ -10.1% vs 2022
2024: €1.49M▲ +1.2% vs 2023
2018 → 2024
Total assets
€4.92M▼ 3.3%
2023 · €5.09M
2018: €2.41Mlowest in 7 years
2019: €3.48M▲ +44.5% vs 2018
2020: €5.61M▲ +61.3% vs 2019highest in 7 years
2021: €5.44M▼ -3.0% vs 2020
2022: €5.28M▼ -3.0% vs 2021
2023: €5.09M▼ -3.5% vs 2022
2024: €4.92M▼ -3.3% vs 2023
2018 → 2024
Net result
€18k
2023 · €-166k
2018: €-246klowest in 7 years
2019: €-102k▲ +58.8% vs 2018
2020: €-25k▲ +74.9% vs 2019
2021: €-74k▼ -192% vs 2020
2022: €-62k▲ +16.5% vs 2021
2023: €-166k▼ -169% vs 2022
2024: €18k▲ +111% vs 2023highest in 7 years
2018 → 2024
Working capital
€-630k▼ 6.7%
2023 · €-591k
2018: €-418k
2019: €-321k▲ +23.3% vs 2018highest in 7 years
2020: €-538k▼ -67.9% vs 2019
2021: €-1.24M▼ -131% vs 2020
2022: €-1.26M▼ -1.6% vs 2021lowest in 7 years
2023: €-591k▲ +53.3% vs 2022
2024: €-630k▼ -6.7% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.78M-€1.70M▼ 4.2%€1.64M▼ 3.6%€1.47M▼ 10.1%€1.49M▲ 1.2%
2020: €1.78Mhighest in 5 years
2021: €1.70M▼ -4.2% vs 2020
2022: €1.64M▼ -3.6% vs 2021
2023: €1.47M▼ -10.1% vs 2022lowest in 5 years
2024: €1.49M▲ +1.2% vs 2023
Operating result€59k-€4k▼ 93.2%€12k▲ 187%€-62k€109k
2020: €59k
2021: €4k▼ -93.2% vs 2020
2022: €12k▲ +187% vs 2021
2023: €-62k▼ -630% vs 2022lowest in 5 years
2024: €109k▲ +277% vs 2023highest in 5 years
Net result€-25k-€-74k▼ 192%€-62k▲ 16.5%€-166k▼ 169%€18k
2020: €-25k
2021: €-74k▼ -192% vs 2020
2022: €-62k▲ +16.5% vs 2021
2023: €-166k▼ -169% vs 2022lowest in 5 years
2024: €18k▲ +111% vs 2023highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €109k after a loss of €62k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €4.92M
Fixed assets
€4.91M ▼ 3.0%
Current assets
€14k ▼ 57.0%
Equity and liabilities €4.92M
Equity
€1.49M ▲ 1.2%
Debt
€3.43M ▼ 5.2%
Debt's share of the balance-sheet total falls from 71.1% to 69.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€291k▲
2023 · €118k
Cash flow
€200k▲
2023 · €13k
Current ratio
0.02▼
2023 · 0.05
Debt to equity
2.30▼
2023 · 2.45
ROE
1.2%▲
2023 · -11.3%
ROA
0.4%▲
2023 · -3.3%
Interest coverage
3.20▲
2023 · 1.12
Debt ≤ 1 year
€645k▲
2023 · €625k
Debt > 1 year
€2.79M▼
2023 · €2.99M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet
Code20232024
Assets
Total assets20/58€5.09M€4.92M▼
Fixed assets21/28€5.06M€4.91M▼
Tangible fixed assets22/27€5.06M€4.91M▼
Land and buildings22€5.06M€4.91M▼
Current assets29/58€34k€14k▼
Cash at bank and in hand54/58€30k€8k▼
Deferred charges and accrued income490/1€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€5.09M€4.92M▼
Equity10/15€1.47M€1.49M▲
Contributions10/11€150k€150k=
Capital10€150k€150k=
Issued capital100€150k€150k=
Revaluation surpluses12€2.00M€2.00M=
Profit (loss) carried forward14€-676k€-658k▲
Amounts payable17/49€3.62M€3.43M▼
Amounts payable after more than one year17€2.99M€2.79M▼
Financial debts170/4€2.99M€2.79M▼
Amounts payable within one year42/48€625k€645k▲
Current portion of amounts payable after more than one year42€204k€208k▲
Trade debts44€11k-
Suppliers440/4€11k-
Other amounts payable47/48€410k€437k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€179k€182k▲
Other operating charges640/8€186k€30k▼
Gross operating margin9900€303k€322k▲
Operating profit (loss)9901€-62k€109k▲
Financial charges65/66B€105k€91k▼
Recurring financial charges65€105k€91k▼
Profit (loss) for the period before taxes9903€-166k€18k▲
Profit (loss) for the period9904€-166k€18k▲
Profit (loss) for the period to be appropriated9905€-166k€18k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-676k€-658k▲
Profit (loss) brought forward from the previous period14P€-509k€-676k▼
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €179k | €179k | €179k | €179k | €182k | ▲ 1.6% |
| Other operating charges640/8 | - | €26k | €37k | €186k | €30k | ▼ 83.7% |
| Gross operating margin9900 | €274k | €210k | €228k | €303k | €322k | ▲ 6.0% |
| Operating profit (loss)9901 | €59k | €4k | €12k | €-62k | €109k | ▲ 277% |
| Financial income75/76B | - | €2 | €121 | - | - | - |
| Recurring financial income75 | €1 | €2 | €121 | - | - | - |
| Financial charges65/66B | - | €78k | €74k | €105k | €91k | ▼ 12.9% |
| Recurring financial charges65 | €85k | €78k | €74k | €105k | €91k | ▼ 12.9% |
| Profit (loss) for the period before taxes9903 | €-25k | €-74k | €-62k | €-166k | €18k | ▲ 111% |
| Profit (loss) for the period9904 | €-25k | €-74k | €-62k | €-166k | €18k | ▲ 111% |
| Profit (loss) for the period to be appropriated9905 | €-25k | €-74k | €-62k | €-166k | €18k | ▲ 111% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €5.61M | €5.44M | €5.28M | €5.09M | €4.92M | ▼ 3.3% |
| Fixed assets21/28 | €5.60M | €5.42M | €5.24M | €5.06M | €4.91M | ▼ 3.0% |
| Tangible fixed assets22/27 | €5.60M | €5.42M | €5.24M | €5.06M | €4.91M | ▼ 3.0% |
| Land and buildings22 | - | €5.42M | €5.24M | €5.06M | €4.91M | ▼ 3.0% |
| Current assets29/58 | €12k | €21k | €39k | €34k | €14k | ▼ 57.0% |
| Cash at bank and in hand54/58 | €12k | €20k | €36k | €30k | €8k | ▼ 73.6% |
| Deferred charges and accrued income490/1 | - | €856 | €4k | €4k | €7k | ▲ 65.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €5.61M | €5.44M | €5.28M | €5.09M | €4.92M | ▼ 3.3% |
| Equity10/15 | €1.78M | €1.70M | €1.64M | €1.47M | €1.49M | ▲ 1.2% |
| Contributions10/11 | - | €150k | €150k | €150k | €150k | = |
| Capital10 | - | €150k | €150k | €150k | €150k | = |
| Issued capital100 | - | €150k | €150k | €150k | €150k | = |
| Revaluation surpluses12 | - | €2.00M | €2.00M | €2.00M | €2.00M | = |
| Profit (loss) carried forward14 | €-373k | €-447k | €-509k | €-676k | €-658k | ▲ 2.7% |
| Amounts payable17/49 | €3.83M | €3.74M | €3.64M | €3.62M | €3.43M | ▼ 5.2% |
| Amounts payable after more than one year17 | €3.28M | €2.47M | €2.33M | €2.99M | €2.79M | ▼ 6.9% |
| Financial debts170/4 | - | €2.47M | €2.33M | €2.99M | €2.79M | ▼ 6.9% |
| Amounts payable within one year42/48 | €550k | €1.27M | €1.30M | €625k | €645k | ▲ 3.2% |
| Current portion of amounts payable after more than one year42 | - | €134k | €138k | €204k | €208k | ▲ 1.9% |
| Financial debts43 | - | €800k | €760k | - | - | - |
| Credit institutions430/8 | - | €800k | €760k | - | - | - |
| Trade debts44 | €40k | €12k | €0 | €11k | - | - |
| Suppliers440/4 | - | €12k | €0 | €11k | - | - |
| Other amounts payable47/48 | - | €319k | €407k | €410k | €437k | ▲ 6.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-25k | €-74k | €-62k | €-166k | €18k | ▲ 111% |
| + Depreciation and write-downs630 | €179k | €179k | €179k | €179k | €182k | ▲ 1.6% |
| Operating cash flow (approximation) | €154k | €105k | €117k | €13k | €200k | ▲ 1,460% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-32k | - |
| Change in cash | - | €9k | €15k | €-6k | €-22k | ▼ 256% |
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
11-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 11 days late
2024
31-12
Financial
Back to profitnet €18k
Net result €18k after 6 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Equity above €1MEq €1.78M
Equity rises from €-198k to €1.78M.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
08-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 161 days late
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, Elsene · 1 establishment unit since 2017
Ground area
592 m²
Building footprint
480 m²
Volume, LiDAR
10,085 m³
2 parcels, Brussels, Flanders · tallest building 35.8 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
CC DEVELOPMENT
since 20172.268.283.830
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K2754/00F005 | Flanders | 369 m² | 1 · 217 m² | 26.9 m · 6 fl. |
| 21807G0022/00Z000 | Brussels | 223 m² | 1 · 263 m² | 35.8 m · 10 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPublic limited company
Founded11-09-2017
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.