CDM
ActiveSummary
CDM has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €403k and a net result of €-3k. Equity remains stable across the filed fiscal years (±0.6% per year). Its solvency ranks better than 54% of 9715 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability68=
Solvency60=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23k at 30 days only on tighter terms
Liquidity tight (current ratio 1.22 against 1.19 in 2023; short-term debt: 64.7% and cash: 4.8% of total assets), and 64.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
35.3%
Return on assets
-0.3%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 148 days later.
NBB · 10 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline25-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 20-06-2025, 51 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
not filed
2024
51 d late
2023
331 d late
2022
78 d late
2021
22 d late
2020
on the day
2019
1 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€403k▼ 0.8%
2023 · €407k
2018: €417k
2019: €412k▼ -1.4% vs 2018
2020: €424k▲ +3.1% vs 2019
2021: €427k▲ +0.7% vs 2020highest in 7 years
2022: €414k▼ -3.1% vs 2021
2023: €407k▼ -1.7% vs 2022
2024: €403k▼ -0.8% vs 2023lowest in 7 years
2018 → 2024
Total assets
€1.14M▼ 0.8%
2023 · €1.15M
2018: €1.21Mhighest in 7 years
2019: €1.19M▼ -1.8% vs 2018
2020: €1.19M▼ -0.3% vs 2019
2021: €1.15M▼ -2.9% vs 2020
2022: €1.14M▼ -1.2% vs 2021lowest in 7 years
2023: €1.15M▲ +1.1% vs 2022
2024: €1.14M▼ -0.8% vs 2023
2018 → 2024
Net result
€-3k▲ 52.4%
2023 · €-7k
2018: €-2k
2019: €-6k▼ -252% vs 2018
2020: €13k▲ +316% vs 2019highest in 7 years
2021: €3k▼ -77.5% vs 2020
2022: €-13k▼ -568% vs 2021lowest in 7 years
2023: €-7k▲ +47.0% vs 2022
2024: €-3k▲ +52.4% vs 2023
2018 → 2024
Working capital
€162k▲ 14.4%
2023 · €142k
2018: €105k
2019: €80k▼ -24.1% vs 2018lowest in 7 years
2020: €97k▲ +21.8% vs 2019
2021: €123k▲ +26.6% vs 2020
2022: €133k▲ +7.9% vs 2021
2023: €142k▲ +6.9% vs 2022
2024: €162k▲ +14.4% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€424k-€427k▲ 0.7%€414k▼ 3.1%€407k▼ 1.7%€403k▼ 0.8%
2020: €424k
2021: €427k▲ +0.7% vs 2020highest in 5 years
2022: €414k▼ -3.1% vs 2021
2023: €407k▼ -1.7% vs 2022
2024: €403k▼ -0.8% vs 2023lowest in 5 years
Operating result€15k-€3k▼ 78.1%€-8k€-6k▲ 24.5%€-3k▲ 51.8%
2020: €15khighest in 5 years
2021: €3k▼ -78.1% vs 2020
2022: €-8k▼ -367% vs 2021lowest in 5 years
2023: €-6k▲ +24.5% vs 2022
2024: €-3k▲ +51.8% vs 2023
Net result€13k-€3k▼ 77.5%€-13k€-7k▲ 47.0%€-3k▲ 52.4%
2020: €13khighest in 5 years
2021: €3k▼ -77.5% vs 2020
2022: €-13k▼ -568% vs 2021lowest in 5 years
2023: €-7k▲ +47.0% vs 2022
2024: €-3k▲ +52.4% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3k in 2024 against €6k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.14M
Fixed assets
€241k ▼ 9.0%
Current assets
€901k ▲ 1.6%
Equity and liabilities €1.14M
Equity
€403k ▼ 0.8%
Debt
€738k ▼ 0.8%
Debt's share of the balance-sheet total stays at 64.7%.
Key figures and ratios
EBITDA
€21k▲
2023 · €17k
Cash flow
€20k▲
2023 · €16k
Current ratio
1.22▲
2023 · 1.19
Debt to equity
1.83=
2023 · 1.83
ROE
-0.8%▲
2023 · -1.7%
ROA
-0.3%▲
2023 · -0.6%
Interest coverage
79.04▲
2023 · 27.09
Debt ≤ 1 year
€738k▼
2023 · €744k
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 · 39 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.15M€1.14M▼
Fixed assets21/28€265k€241k▼
Tangible fixed assets22/27€264k€240k▼
Land and buildings22€264k€240k▼
Financial fixed assets28€560€560=
Current assets29/58€886k€901k▲
Amounts receivable within one year40/41€845k€846k▲
Trade receivables40€23k€32k▲
Other amounts receivable41€822k€814k▼
Cash at bank and in hand54/58€41k€55k▲
Deferred charges and accrued income490/1€217€217=
Equity and liabilities
Total equity and liabilities10/49€1.15M€1.14M▼
Equity10/15€407k€403k▼
Contributions10/11€65k€65k=
Capital10€65k€65k=
Issued capital100€65k€65k=
Reserves13€342k€338k▼
Non-distributable reserves130/1€43k€43k=
Legal reserve130€43k€43k=
Distributable reserves133€298k€295k▼
Amounts payable17/49€744k€738k▼
Amounts payable within one year42/48€744k€738k▼
Trade debts44€25k€24k▼
Suppliers440/4€25k€24k▼
Taxes, remuneration and social security45€161-
Taxes450/3€161-
Other amounts payable47/48€719k€714k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€24k▲
Other operating charges640/8€16k€16k▼
Non-recurring operating charges66A-€9k
Gross operating margin9900€33k€46k▲
Operating profit (loss)9901€-6k€-3k▲
Financial charges65/66B€627€262▼
Recurring financial charges65€627€262▼
Profit (loss) for the period before taxes9903€-7k€-3k▲
Profit (loss) for the period9904€-7k€-3k▲
Profit (loss) for the period to be appropriated9905€-7k€-3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-7k€-3k▲
Transfer from equity791/2€7k€3k▼
The notes to these accounts (10 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 | €23k | €23k | €23k | €23k | €24k | ▲ 1.5% |
| Other operating charges640/8 | - | €23k | €15k | €16k | €16k | ▼ 3.1% |
| Non-recurring operating charges66A | - | - | - | - | €9k | - |
| Gross operating margin9900 | €40k | €49k | €29k | €33k | €46k | ▲ 37.8% |
| Operating profit (loss)9901 | €15k | €3k | €-8k | €-6k | €-3k | ▲ 51.8% |
| Financial charges65/66B | - | €340 | €5k | €627 | €262 | ▼ 58.3% |
| Recurring financial charges65 | €2k | €340 | €144 | €627 | €262 | ▼ 58.3% |
| Non-recurring financial charges66B | - | - | €5k | - | - | - |
| Profit (loss) for the period before taxes9903 | €13k | €3k | €-13k | €-7k | €-3k | ▲ 52.4% |
| Profit (loss) for the period9904 | €13k | €3k | €-13k | €-7k | €-3k | ▲ 52.4% |
| Profit (loss) for the period to be appropriated9905 | €13k | €3k | €-13k | €-7k | €-3k | ▲ 52.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.19M | €1.15M | €1.14M | €1.15M | €1.14M | ▼ 0.8% |
| Fixed assets21/28 | €327k | €304k | €281k | €265k | €241k | ▼ 9.0% |
| Tangible fixed assets22/27 | €326k | €303k | €280k | €264k | €240k | ▼ 9.0% |
| Land and buildings22 | - | €303k | €280k | €264k | €240k | ▼ 9.0% |
| Financial fixed assets28 | €560 | €560 | €560 | €560 | €560 | = |
| Current assets29/58 | €859k | €848k | €857k | €886k | €901k | ▲ 1.6% |
| Amounts receivable within one year40/41 | €850k | €835k | €835k | €845k | €846k | ▲ 0.1% |
| Trade receivables40 | - | €19k | €21k | €23k | €32k | ▲ 39.1% |
| Other amounts receivable41 | - | €816k | €814k | €822k | €814k | ▼ 1.0% |
| Cash at bank and in hand54/58 | €9k | €12k | €21k | €41k | €55k | ▲ 32.4% |
| Deferred charges and accrued income490/1 | - | €217 | €217 | €217 | €217 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.19M | €1.15M | €1.14M | €1.15M | €1.14M | ▼ 0.8% |
| Equity10/15 | €424k | €427k | €414k | €407k | €403k | ▼ 0.8% |
| Contributions10/11 | €65k | €65k | €65k | €65k | €65k | = |
| Capital10 | - | €65k | €65k | €65k | €65k | = |
| Issued capital100 | - | €65k | €65k | €65k | €65k | = |
| Reserves13 | €359k | €362k | €349k | €342k | €338k | ▼ 1.0% |
| Non-distributable reserves130/1 | - | €43k | €43k | €43k | €43k | = |
| Legal reserve130 | - | €43k | €43k | €43k | €43k | = |
| Distributable reserves133 | - | €319k | €305k | €298k | €295k | ▼ 1.1% |
| Amounts payable17/49 | €762k | €724k | €724k | €744k | €738k | ▼ 0.8% |
| Amounts payable within one year42/48 | €762k | €724k | €724k | €744k | €738k | ▼ 0.8% |
| Financial debts43 | - | €2k | - | - | - | - |
| Credit institutions430/8 | - | €2k | - | - | - | - |
| Trade debts44 | €20k | €4k | €2k | €25k | €24k | ▼ 3.5% |
| Suppliers440/4 | - | €4k | €2k | €25k | €24k | ▼ 3.5% |
| Taxes, remuneration and social security45 | - | €161 | €161 | €161 | - | - |
| Taxes450/3 | - | €161 | €161 | €161 | - | - |
| Other amounts payable47/48 | - | €718k | €722k | €719k | €714k | ▼ 0.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13k | €3k | €-13k | €-7k | €-3k | ▲ 52.4% |
| + Depreciation and write-downs630 | €23k | €23k | €23k | €23k | €24k | ▲ 1.5% |
| Operating cash flow (approximation) | €36k | €26k | €10k | €16k | €20k | ▲ 24.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-7k | €0 | ▲ 100% |
| Change in cash | - | €3k | €9k | €20k | €13k | ▼ 32.5% |
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
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 51 days late
27-03
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 331 days late
2023
17-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 78 days late
2022
30-09
Financial
Weakest financial yearnet €-13k
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
22-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 22 days late
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Back to profitnet €13k
Net result €13k after 2 loss-making years.
01-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 1 day late
2019
01-05
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
28-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
30-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
27-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB 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, Puurs-Sint-Amands · 1 establishment unit since 2001
Ground area
3,126 m²
Building footprint
1,705 m²
Volume, LiDAR
9,251 m³
Parcel 12034A0439/00A000, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
CDM NV
since 20012.050.095.592
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12034A0439/00A000 | Flanders | 3,126 m² | 1 · 1,705 m² | 6.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,761 companies in sector 68321 we hold annual accounts for 1,391. 935 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-10-1990
Fiscal year end30-09
Activities, NACEBEL 2025
68321Property management for co-owned buildings (syndics)
46180Agents specialised in the wholesale of other particular products
Scores and ratios are computed by Checked and are not a credit decision.