CCN DEVELOPMENT
ActiveSummary
CCN DEVELOPMENT has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €92.50M and a net result of €-1.55M. Equity is shrinking by ~2.6% per year across the filed fiscal years. Its solvency ranks better than 75% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability34▲+6
Solvency97▼-3
Growth55=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity short (current ratio 0.66 against 13.37 in 2024; short-term debt: 22.6% and cash: 0.6% of total assets), and 28.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
71.6%
Return on assets
-1.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-1.55M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-06-2026, 60 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
60 d early
2024
65 d early
2023
77 d early
2022
80 d early
2021
76 d early
2020
66 d early
2019
70 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€511k▼ 30.1%
2021 · €732k
2019: €66k
2020: €529k
2021: €732k
2019 → 2023
EBIT margin
-277.3%▲ 218.5pp
2021 · -495.9%
2019: -1498.5%
2020: -391.0%
2021: -495.9%
2019 → 2023
Net result
€-1.55M▲ 68.7%
2024 · €-4.96M
2019: €-994k
2020: €-2.15M
2021: €-3.81M
2022: €-1.98M
2023: €-2.29M
2024: €-4.96M
2019 → 2025
Working capital
€-9.82M
2024 · €16.15M
2019: €-1.13M
2020: €-7.78M
2021: €-15.17M
2022: €-13.78M
2023: €-25.41M
2024: €16.15M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€732k-€511k
Equity€103.28M-€101.29M▼ 1.9%€99.00M▼ 2.3%€94.05M▼ 5.0%€92.50M▼ 1.6%
Operating result€-3.63M-€-1.45M▲ 60.0%€-1.42M▲ 2.2%€-1.30M▲ 8.4%€-581k▲ 55.3%
Net result€-3.81M-€-1.98M▲ 47.9%€-2.29M▼ 15.6%€-4.96M▼ 116%€-1.55M▲ 68.7%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €581k in 2025 against €1.30M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €129.11M
Fixed assets
€109.73M ▲ 1.4%
Current assets
€19.37M ▲ 11.0%
Equity and liabilities €129.11M
Equity
€92.50M ▼ 1.6%
Debt
€36.61M ▲ 15.9%
Debt's share of the balance-sheet total rises from 25.1% to 28.4%. Equity is lower and debt is higher.
Key figures and ratios
Current ratio
0.66▼
2024 · 13.37
Quick ratio
0.12▼
2024 · 1.73
Debt to equity
0.40▲
2024 · 0.34
ROE
-1.7%▲
2024 · -5.3%
ROA
-1.2%▲
2024 · -3.9%
Debt ≤ 1 year
€29.19M▲
2024 · €1.31M
Debt > 1 year
€7.41M▼
2024 · €30.27M
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 · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€125.62M€129.11M▲
Fixed assets21/28€108.16M€109.73M▲
Financial fixed assets28€108.16M€109.73M▲
Current assets29/58€17.46M€19.37M▲
Stocks and contracts in progress3€15.20M€15.95M▲
Stocks30/36€15.20M€15.95M▲
Amounts receivable within one year40/41€1.75M€2.65M▲
Trade receivables40€1.61M€2.49M▲
Other amounts receivable41€138k€161k▲
Cash at bank and in hand54/58€513k€774k▲
Equity and liabilities
Total equity and liabilities10/49€125.62M€129.11M▲
Equity10/15€94.05M€92.50M▼
Contributions10/11€110.23M€110.23M=
Capital10€110.23M€110.23M=
Issued capital100€110.23M€110.23M=
Profit (loss) carried forward14€-16.18M€-17.73M▼
Amounts payable17/49€31.58M€36.61M▲
Amounts payable after more than one year17€30.27M€7.41M▼
Financial debts170/4€30.27M€7.41M▼
Amounts payable within one year42/48€1.31M€29.19M▲
Current portion of amounts payable after more than one year42-€28.21M
Financial debts43€0-
Other loans439€0-
Trade debts44€853k€919k▲
Suppliers440/4€853k€919k▲
Taxes, remuneration and social security45€453k€68k▼
Taxes450/3€453k€68k▼
Accrued charges and deferred income492/3€6k€3k▼
Income statement
Code20242025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€234k
Other operating charges640/8€919k€1.36M▲
Gross operating margin9900€-380k€1.02M▲
Operating profit (loss)9901€-1.30M€-581k▲
Financial income75/76B€296k€207k▼
Recurring financial income75€296k€207k▼
Financial charges65/66B€3.95M€1.18M▼
Recurring financial charges65€2.14M€1.18M▼
Non-recurring financial charges66B€1.82M-
Profit (loss) for the period before taxes9903€-4.96M€-1.55M▲
Profit (loss) for the period9904€-4.96M€-1.55M▲
Profit (loss) for the period to be appropriated9905€-4.96M€-1.55M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-16.18M€-17.73M▼
Profit (loss) brought forward from the previous period14P€-11.22M€-16.18M▼
The notes to these accounts (19 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
27-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-4.96M
Net result drops to €-4.96M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 34current ratio 13.37
Current ratio from 0.39 to 13.37; short-term debt falls from €41.89M to €1.31M.
15-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
16-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
23-11
State Gazette act
General meeting · Member admission
Capital increase · Capital
26-05
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
22-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 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, Brussel · 1 establishment unit since 2019
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.
Kunstlaan 581000 BrusselGround area
3,149 m²
Building footprint
3,026 m²
Volume, LiDAR
70,303 m³
Parcel 21805E0482/00C000, Brussels · tallest building 31.9 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
CCN DEVELOPMENT
since 20192.289.934.626
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0482/00C000 | Brussels | 3,149 m² | 1 · 3,026 m² | 31.9 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
SOCHALI PARTICIPATIONS
BE 0897.349.077
Tournai · Eq €88.79M
D'IETEREN IMMO
BE 0416.911.938
Elsene · Eq €87.71M
VDB GROUP
BE 0837.763.561
Roeselare · Eq €86.99M
Le Logis Social de Liège
BE 0403.900.278
Liège · Eq €98.91M
Forum Estates Holding
BE 0734.663.449
Gent · Eq €106.81M
Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 191 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-05-2019
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.