CD - X
ActiveSummary
CD - X has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €784k and a net result of €72k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 1638 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
82
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability70▲+6
Solvency86▲+4
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity tight (current ratio 1.39 against 1.05 in 2024; short-term debt: 33.5% and cash: 42.2% of total assets), and 38.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
61.5%
Return on assets
5.6%
Age of the figures
15 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 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 · 10 filingsDeviation from the deadline
2025
2 d late
2024
27 d late
2023
on the day
2022
7 d late
2021
24 d late
2020
26 d late
2019
25 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€784k▲ 10.0%
2024 · €712k
2019: €1.09M
2020: €1.14M
2021: €666k
2022: €787k
2023: €882k
2024: €712k
2019 → 2025
Total assets
€1.27M▲ 2.7%
2024 · €1.24M
2019: €1.54M
2020: €1.60M
2021: €1.19M
2022: €1.33M
2023: €1.44M
2024: €1.24M
2019 → 2025
Net result
€72k▲ 1.6%
2024 · €70k
2019: €67k
2020: €57k
2021: €109k
2022: €121k
2023: €95k
2024: €70k
2019 → 2025
Working capital
€165k▲ 612%
2024 · €23k
2019: €131k
2020: €244k
2021: €-228k
2022: €-116k
2023: €172k
2024: €23k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€666k-€787k▲ 18.2%€882k▲ 12.0%€712k▼ 19.3%€784k▲ 10.0%
Operating result€163k-€196k▲ 20.4%€179k▼ 8.7%€145k▼ 19.2%€140k▼ 3.3%
Net result€109k-€121k▲ 10.9%€95k▼ 21.8%€70k▼ 25.7%€72k▲ 1.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 3% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.27M
Fixed assets
€683k ▼ 5.3%
Current assets
€592k ▲ 13.8%
Equity and liabilities €1.27M
Equity
€784k ▲ 10.0%
Debt
€491k ▼ 7.2%
Debt's share of the balance-sheet total falls from 42.6% to 38.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€195k▼
2024 · €198k
Cash flow
€127k▲
2024 · €124k
Current ratio
1.39▲
2024 · 1.05
Debt to equity
0.63▼
2024 · 0.74
ROE
9.1%▼
2024 · 9.9%
ROA
5.6%▼
2024 · 5.7%
Interest coverage
5.32▲
2024 · 4.55
Debt ≤ 1 year
€427k▼
2024 · €497k
Income taxes
€32k▲
2024 · €31k
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 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.24M€1.27M▲
Fixed assets21/28€721k€683k▼
Tangible fixed assets22/27€718k€680k▼
Land and buildings22€617k€584k▼
Plant, machinery and equipment23€7k€4k▼
Furniture and vehicles24€26k€25k▼
Other tangible fixed assets26€68k€68k=
Financial fixed assets28€3k€3k=
Current assets29/58€520k€592k▲
Amounts receivable within one year40/41€206k€49k▼
Trade receivables40€188k€30k▼
Other amounts receivable41€19k€19k▼
Cash at bank and in hand54/58€312k€538k▲
Deferred charges and accrued income490/1€2k€5k▲
Equity and liabilities
Total equity and liabilities10/49€1.24M€1.27M▲
Equity10/15€712k€784k▲
Contributions10/11€7k€7k=
Reserves13€705k€776k▲
Distributable reserves133€705k€776k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€529k€491k▼
Amounts payable within one year42/48€497k€427k▼
Trade debts44€5k€16k▲
Suppliers440/4€5k€16k▲
Taxes, remuneration and social security45€51k€23k▼
Taxes450/3€51k€23k▼
Other amounts payable47/48€441k€388k▼
Accrued charges and deferred income492/3€32k€64k▲
Income statement
Code20242025
Non-recurring operating income76A€0-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€53k€55k▲
Other operating charges640/8€6k€6k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€205k€202k▼
Operating profit (loss)9901€145k€140k▼
Financial income75/76B€273€149▼
Recurring financial income75€273€149▼
Financial charges65/66B€44k€37k▼
Recurring financial charges65€44k€37k▼
Profit (loss) for the period before taxes9903€102k€104k▲
Income taxes67/77€31k€32k▲
Profit (loss) for the period9904€70k€72k▲
Profit (loss) for the period to be appropriated9905€70k€72k▲
Appropriation of the result
Profit (loss) to be appropriated9906€70k€72k▲
Transfer from equity791/2€240k€0▼
Transfer to equity691/2€70k€72k▲
To other reserves6921€70k€72k▲
Profit to be distributed694/7€240k€0▼
Return on contributions (dividend)694€240k€0▼
Social balance
Average headcount (FTE)90870.0-
The notes to these accounts (9 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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 2 days late
2025
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 27 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-02
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
30-06
Financial
Highest result since 2019net €121k ▲10.9%
Net result €121k, the highest in the series.
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 24 days late
2021
26-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 26 days late
2020
30-06
Financial
Weakest financial yearnet €57k ▼13.9%
Net result drops to €57k, the lowest in the series; recovery starts the following year.
25-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 25 days late
2019
08-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 8 days late
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
07-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 7 days late
2012
06-12
State Gazette act
General meeting · Director reappointment
Permanent representative · Board meeting
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
7 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, Knokke-Heist · 1 establishment unit since 2003
Ground area
694 m²
Building footprint
195 m²
Volume, LiDAR
681 m³
Parcel 31332F0711/00D000, Flanders · tallest building 10.5 m. Linked by address, not a title deed.
1 establishment unit
Magere Schorre 31, 8300 Knokke-Heist
since 20032.126.604.343
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332F0711/00D000 | Flanders | 694 m² | 1 · 195 m² | 10.4 m |
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.
Structure & network
Connections & network
8 connected companiesLinked via shared directors
Shared director
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Shared director
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Shared director
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Shared director
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Show 4 more companies with a shared director
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Shared director
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Shared director
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
4 locations
Recognitions · licences · registrations
Legal Entity Identifier
9676003JXX62RDV3V058
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Of 13,421 companies in sector 73300 we hold annual accounts for 6,901. 3,450 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 formPrivate limited company
Founded24-03-2003
Fiscal year end30-06
Activities, NACEBEL 2025
73300Public relations and communication consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.