CFE CONTRACTING
ActiveSummary
CFE CONTRACTING has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €79.99M and a net result of €12.67M. Equity is shrinking by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 23% of 3187 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
57
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability46▲+20
Solvency47▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2M at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.63 in 2024; short-term debt: 77.8% of total assets), and 78.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Seven 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 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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
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
21.7%
Return on assets
3.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 3187 sector peers (2025).
NBB · sector comparisonPosition among 3187 sector peers
Solvency
better than 23%
← weakest
strongest →
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
84 d early
2023
90 d early
2022
80 d early
2021
75 d early
2020
93 d early
2019
99 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
Not included in this filing
EBIT margin
Not included in this filing
Net result
€12.67M
2024 · €-15.63M
2023: €-15.19M
2024: €-15.63M
2023 → 2025
Working capital
€-94.37M▲ 0.4%
2024 · €-94.75M
2023: €-90.47M
2024: €-94.75M
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€94.95M-€79.32M▼ 16.5%€79.99M▲ 0.8%
Operating result€114k-€15k▼ 87.2%€24k▲ 61.6%
Net result€-15.19M-€-15.63M▼ 2.8%€12.67M
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 62% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €369.21M
Fixed assets
€176.38M ▼ 0.1%
Current assets
€192.82M ▲ 19.6%
Equity and liabilities €369.21M
Equity
€79.99M ▲ 0.8%
Provisions
€0 ▼ 100%
Debt
€289.21M ▲ 11.9%
Debt's share of the balance-sheet total rises from 76.5% to 78.3%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.67▲
2024 · 0.63
Debt to equity
3.62▲
2024 · 3.26
ROE
15.8%▲
2024 · -19.7%
ROA
3.4%▲
2024 · -4.6%
Debt ≤ 1 year
€287.20M▲
2024 · €256.01M
Debt > 1 year
€662k▼
2024 · €927k
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 · 66 lines
Balance sheet
Code20242025
Assets
Total assets20/58€337.79M€369.21M▲
Fixed assets21/28€176.53M€176.38M▼
Financial fixed assets28€176.53M€176.38M▼
Affiliated companies280/1€174.22M€174.22M=
Participating interests280€174.22M€174.22M=
Amounts receivable281€0€0=
Companies linked by participating interests282/3€2.31M€2.16M▼
Participating interests282€7k€7k=
Amounts receivable283€2.30M€2.16M▼
Current assets29/58€161.26M€192.82M▲
Amounts receivable within one year40/41€160.16M€191.54M▲
Trade receivables40€5k€39k▲
Other amounts receivable41€160.16M€191.50M▲
Deferred charges and accrued income490/1€1.10M€1.29M▲
Equity and liabilities
Total equity and liabilities10/49€337.79M€369.21M▲
Equity10/15€79.32M€79.99M▲
Contributions10/11€100.04M€72.50M▼
Capital10€100.04M€72.50M▼
Issued capital100€100.04M€72.50M▼
Reserves13€7.10M€7.10M=
Non-distributable reserves130/1€7.10M€7.10M=
Legal reserve130€7.10M€7.10M=
Profit (loss) carried forward14€-27.81M€398k▲
Provisions and deferred taxes16€20k€0▼
Provisions for liabilities and charges160/5€20k€0▼
Other liabilities and charges164/5€20k€0▼
Amounts payable17/49€258.45M€289.21M▲
Amounts payable after more than one year17€927k€662k▼
Other amounts payable178/9€927k€662k▼
Amounts payable within one year42/48€256.01M€287.20M▲
Trade debts44€13k€19k▲
Suppliers440/4€13k€19k▲
Taxes, remuneration and social security45-€880
Taxes450/3-€880
Other amounts payable47/48€255.99M€287.18M▲
Accrued charges and deferred income492/3€1.51M€1.35M▼
Income statement
Code20242025
Operating income70/76A€75k€43k▼
Other operating income74€75k€43k▼
Operating charges60/66A€60k€19k▼
Services and other goods61€29k€39k▲
Remuneration, social security and pensions62€2k-
Provisions for liabilities and charges: additions (uses and reversals)635/8-€-20k
Other operating charges640/8€10k-
Non-recurring operating charges66A€19k-
Operating profit (loss)9901€15k€24k▲
Financial income75/76B€13.93M€23.39M▲
Recurring financial income75€13.60M€22.91M▲
Income from financial fixed assets750€9.35M€19.60M▲
Income from current assets751€4.21M€3.31M▼
Other financial income752/9€47k€0▼
Non-recurring financial income76B€322k€484k▲
Financial charges65/66B€29.57M€10.74M▼
Recurring financial charges65€-1.55M€5.72M▲
Debt charges650€5.99M€4.42M▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-7.57M€1.23M▲
Other financial charges652/9€28k€76k▲
Non-recurring financial charges66B€31.12M€5.02M▼
Profit (loss) for the period before taxes9903€-15.63M€12.67M▲
Profit (loss) for the period9904€-15.63M€12.67M▲
Profit (loss) for the period to be appropriated9905€-15.63M€12.67M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-27.81M€-15.14M▲
Profit (loss) brought forward from the previous period14P€-12.18M€-27.81M▼
Transfer from equity791/2-€27.54M
From contributions791-€27.54M
Profit to be distributed694/7-€12.00M
Return on contributions (dividend)694-€12.00M
The notes to these accounts (44 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
24-09
State Gazette act
Board meeting · Power of attorneyPower of attorney5 facts ▸
State Gazette act
Board meeting · Power of attorney
Power of attorney5 facts ▸
- Board meeting, 11-08-2026
- Power of attorney, Anne Dooremont
- Power of attorney, Christophe Wathion
- Power of attorney, Philippine De Wolf
- Power of attorney
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €12.67M
Net result €12.67M after 2 loss-making years.
08-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-15.63M
Net result drops to €-15.63M, the lowest in the series; recovery starts the following year.
02-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
12-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
17-05
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
23-04
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
04-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
16-05
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-04
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
45 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oudergem · 1 establishment unit since 1990
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.
Edmond Van Nieuwenhuyselaan 301160 OudergemGround area
1.1 ha
Building footprint
3,936 m²
Volume, LiDAR
58,714 m³
2 parcels, Brussels · tallest building 27.6 m, ±7 floors. Linked by address, not a title deed.
1 establishment unit
Internation Finance Center CFE
since 19902.047.789.071
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21332B0498/00B000 | Brussels | 5,641 m² | 1 · 1,517 m² | 25.8 m · 5 fl. |
| 21332B0424/00D008 | Brussels | 5,192 m² | 1 · 2,419 m² | 27.6 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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 (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Articles of association
Who signs
“1. Délégation de pouvoirs การ ooTem stennSeTisbesM Le conseil d'administration décide à l'unanimité de supprimer la délégation de pouvoirs établie par le conseil d'administration en date du 3 mai 2021, publiée aux annexes du Moniteur belge en date du 28 mai 2021 sous la référence 21063295. La…”
Full text
1. Délégation de pouvoirs การ ooTem stennSeTisbesM Le conseil d'administration décide à l'unanimité de supprimer la délégation de pouvoirs établie par le conseil d'administration en date du 3 mai 2021, publiée aux annexes du Moniteur belge en date du 28 mai 2021 sous la référence 21063295. La révocation de la délégation des pouvoirs prend effet à compter de la date du présent procès-verbal Dès lors, seuls les statuts de la Société sont d'application en ce qui concerne la représentation de la Société, et plus particulièrement l'article 15 desdits statuts. La Société est donc représentée dans tous les actes judiciaires et extrajudiciaires: -soit pär deux administrateurs agissant conjointement: -soit par un administrateur agissant conjointement avec un délégué à la gestion journalière.
Structure & network
Ownership & control
2 parent companies · 2 subsidiaries, 1 abroadControl over this companyparent company per the LEI register2
Oudergem
Antwerpen · indirect
controls
CFE CONTRACTINGBE 0440.113.348
controls
Where this company holds controlsubsidiary per the LEI register2
Louvain-La-Neuve · LEI lapsed
CFE POLSKA SPÓŁKA Z OGRANICZONĄ ODPOWIEDZIALNOŚCIĄ
Warszawa, Poland
Recognitions · licences · registrations
Legal Entity Identifier
549300VI27GGJFIOCP26
Similar companies · same sector, comparable size
SEDENA FINANCIAL SERVICES
BE 0427.946.776
Asse · Eq €79.95M
PLASTIFLEX GROUP
BE 0470.965.088
Beringen · Eq €79.91M
JANA
BE 0429.000.613
Sint-Niklaas · Eq €80.31M
ILLINOIS
BE 0452.044.942
Gent · Eq €79.46M
Otary RS
BE 0833.507.538
Oostende · Eq €79.19M
Of 5,699 companies in sector 70100 we hold annual accounts for 3,494. 373 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
Founded25-01-1990
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.