ACTIVE

CD - X

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Financial year 2025 · closed on 30/06/2025

Net result

71,5 k €

+1.6% YoY

Gross margin

201,6 k €

-1.5% YoY

Equity

783,6 k €

+10.0% YoY

What does CD - X do?

CD - X is a Private limited company incorporated in 2003. Its main activity is: Public relations and communication activities. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0479.834.749

Incorporation

24/03/2003

Legal form

Private limited company

Registered office

Magere Schorre 31
8300 Knokke-Heist · FlandreSee on map

Contributed capital

7 336,00 €

Latest accounts

30/06/2025

Activities (NACE)

70210Public relations and communication activities· main 73300Advertising and market research 74141Specialised design activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	201,6 k €	-1.5%	204,7 k €	-21.9%	262,3 k €	-4.4%	274,4 k €	+21.2%	226,5 k €	+28.3%	176,6 k €	-44.8%	320,1 k €	+23.7%	258,8 k €	+34.0%	193,1 k €	+0.5%	192,2 k €	+16.1%	165,5 k €	-26.0%	223,5 k €	-9.3%	246,5 k €	+14.8%	214,7 k €	+32.4%	162,1 k €	-15.1%	190,8 k €	-15.4%	225,7 k €	+11.1%	203,1 k €	-14.2%	236,8 k €
EBITDA	195,2 k €	-1.5%	198,3 k €	-14.8%	232,7 k €	-13.1%	267,7 k €	+22.5%	218,4 k €	+28.7%	169,7 k €	-44.9%	308,1 k €	+22.2%	252,2 k €	+34.9%	186,9 k €	+0.6%	185,8 k €	+16.6%	159,4 k €	-26.8%	217,8 k €	-10.2%	242,5 k €	+14.1%	212,6 k €	+32.8%	160,1 k €	-15.2%	188,9 k €	-15.6%	223,8 k €	+13.6%	197 k €	-15.4%	233 k €
Operating result	140,2 k €	-3.3%	144,9 k €	-19.2%	179,3 k €	-8.7%	196,4 k €	+20.4%	163,1 k €	+62.2%	100,6 k €	-57.4%	236,3 k €	+28.9%	183,3 k €	+60.2%	114,4 k €	+1.5%	112,8 k €	+6.1%	106,3 k €	-34.7%	162,8 k €	-3.3%	168,4 k €	+4.4%	161,3 k €	+17.9%	136,8 k €	-20.1%	171,1 k €	-16.6%	205,2 k €	+23.4%	166,2 k €	-0.3%	166,7 k €
Net result	71,5 k €	+1.6%	70,4 k €	-25.7%	94,7 k €	-21.8%	121 k €	+10.9%	109,1 k €	+90.2%	57,4 k €	-13.9%	66,6 k €	+6.6%	62,5 k €	-0.1%	62,5 k €	+2.7%	60,9 k €	+11.5%	54,6 k €	-42.1%	94,3 k €	+5.0%	89,8 k €	-18.5%	110,3 k €	+16.7%	94,5 k €	-16.4%	113,1 k €	-23.2%	147,4 k €	+28.0%	115,1 k €	+1.2%	113,8 k €
Balance sheet
Equity	783,6 k €	+10.0%	712,1 k €	-19.3%	882,1 k €	+12.0%	787,5 k €	+18.2%	666,4 k €	-41.8%	1,1 M €	+5.3%	1,1 M €	+6.5%	1 M €	+6.5%	958,5 k €	+7.0%	896 k €	+7.3%	835,1 k €	+7.0%	780,5 k €	+3.9%	751,5 k €	+13.6%	661,6 k €	+20.0%	551,3 k €	+20.7%	456,8 k €	+32.9%	343,7 k €	+75.1%	196,3 k €	-48.5%	381,2 k €
Total assets	1,3 M €	+2.7%	1,2 M €	-14.0%	1,4 M €	+8.2%	1,3 M €	+12.0%	1,2 M €	-25.7%	1,6 M €	+4.3%	1,5 M €	+2.4%	1,5 M €	+32.6%	1,1 M €	-13.6%	1,3 M €	+6.9%	1,2 M €	-3.9%	1,3 M €	+4.3%	1,2 M €	-8.4%	1,3 M €	+117%	614,8 k €	+20.7%	509,4 k €	+24.8%	408,3 k €	-26.5%	555,3 k €	+20.6%	460,3 k €
Cash	538 k €	+72.5%	311,8 k €	-26.7%	425,2 k €	+68.0%	253,1 k €	+598%	36,2 k €	-94.0%	599,4 k €	+41.9%	422,5 k €	-3.1%	435,8 k €	+2009%	20,7 k €	-79.7%	101,8 k €	+69.6%	60 k €	+80.8%	33,2 k €	+3551%	909,2 €	-99.7%	268,8 k €	-10.2%	299,4 k €	+111%	141,6 k €	+192%	48,5 k €	-33.6%	73,1 k €	+44.2%	50,7 k €
Debts	427,2 k €	-14.1%	497,2 k €	-6.7%	533 k €	+1.3%	526,3 k €	+7.4%	490,2 k €	+11.3%	440,3 k €	+0.9%	436,4 k €	-6.6%	467,5 k €	+178%	168 k €	-58.5%	404,9 k €	+4.4%	388 k €	-21.2%	492,3 k €	+4.7%	470,4 k €	-30.3%	674,5 k €	+962%	63,5 k €	+20.8%	52,5 k €	-18.6%	64,6 k €	-82.0%	359 k €	+363%	77,5 k €
Other
Workforce	–		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 4 ended

Active mandates

Carl DEWULF

Director

Active

Sylvie VERSTRAETEN

Director

Active

Ended mandates

Michèle DEWULF

Director · since 02 janvier 2020

Ended

Sylvie VERSTRAETEN

Manager · since 16 janvier 2012

Ended

Carl DEWULF

Manager

Ended

Sylvie VERSTRAETEN

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
INTRESITS● Active	0842.986.022
LIE GOOD● Active	0720.961.606
SCHORRE● Active	1024.401.954

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	02/02/2026	27/02/2025	31/01/2024	07/02/2023	24/02/2022	26/02/2021
General meeting	11/10/2025	12/10/2024	14/10/2023	08/10/2022	09/10/2021	10/10/2020
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	11/10/2025	02/02/2026	Dutch	PDF
Abridged model	30/06/2024	12/10/2024	27/02/2025	Dutch	PDF
Abridged model	30/06/2023	14/10/2023	31/01/2024	Dutch	PDF
Abridged model	30/06/2022	08/10/2022	07/02/2023	Dutch	PDF
Abridged model	30/06/2021	09/10/2021	24/02/2022	Dutch	PDF
Abridged model	30/06/2020	10/10/2020	26/02/2021	Dutch	PDF
Abridged model	30/06/2019	12/10/2019	25/02/2020	Dutch	PDF
Abridged model	30/06/2018	13/10/2018	08/02/2019	Dutch	PDF
Abridged model	30/06/2017	14/10/2017	21/12/2017	Dutch	PDF
Abridged model	30/06/2016	08/12/2016	07/02/2017	Dutch	PDF
Abridged model	30/06/2015	10/10/2015	22/12/2015	Dutch	PDF
Abridged model	30/06/2014	11/10/2014	23/12/2014	Dutch	PDF
Abridged model	30/06/2013	12/10/2013	24/12/2013	Dutch	PDF
Abridged model	30/06/2012	13/10/2012	20/12/2012	Dutch	PDF
Abridged model	30/06/2011	08/10/2011	16/11/2011	Dutch	PDF
Abridged model	30/06/2010	09/10/2010	08/12/2010	Dutch	PDF
Abridged model	30/06/2009	10/10/2009	11/12/2009	Dutch	PDF
Abridged model	30/06/2008	11/10/2008	23/12/2008	Dutch	PDF
Abridged model	30/06/2007	13/10/2007	14/12/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 2 active · 4 ended

Active mandates

Carl DEWULF

Director

Active

Sylvie VERSTRAETEN

Director

Active

Ended mandates

Michèle DEWULF

Director · since 02 janvier 2020

Ended

Sylvie VERSTRAETEN

Manager · since 16 janvier 2012

Ended

Carl DEWULF

Manager

Ended

Sylvie VERSTRAETEN

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office16/06/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates21/01/2021
ONTSLAGEN - BENOEMINGEN - DIVERSEN
PDF
Mandates05/01/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other08/05/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - DIVERSEN
PDF
Mandates27/12/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares17/04/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/03/2012
ONTSLAGEN - BENOEMINGEN
PDF
Registered office28/12/2005
MAATSCHAPPELIJKE ZETEL
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 202571,5 k €↑
2024
Annual accounts 202470,4 k €↓
2023
Annual accounts 202394,7 k €↓
2022
Annual accounts 2022121 k €↑
2021
Annual accounts 2021109,1 k €↑
2020
Annual accounts 202057,4 k €↓
2019
Annual accounts 201966,6 k €↑
2018
Annual accounts 201862,5 k €↓
2017
Annual accounts 201762,5 k €↑
2016
Annual accounts 201660,9 k €↑
2015
Annual accounts 201554,6 k €↓
2014
Annual accounts 201494,3 k €↑
2013
Annual accounts 201389,8 k €↓
2012
Annual accounts 2012110,3 k €↑
2011
Annual accounts 201194,5 k €↓
2010
Annual accounts 2010113,1 k €↓
2009
Annual accounts 2009147,4 k €↑
2008
Annual accounts 2008115,1 k €↑
2007
Annual accounts 2007113,8 k €
24/03/2003
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

CD - X

Overview

What does CD - X do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline