4CE
ActiveSummary
4CE has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €644,342 and a net result of -€156,842. Equity is growing by ~28% per year across the filed fiscal years. Its solvency ranks better than 95% of 2028 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-62
Solvency100▲+15
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45,000 at 30 days acceptable
short-term debt: 0.6% and cash: 59.2% of total assets, and 0.6% of the assets are financed with debt.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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
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
99.4%
Return on assets
-24.2%
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
1819202122232425
2018 to 2025 · latest year -€156,842
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
31 d early
2023
33 d early
2022
103 d early
2021
83 d early
2020
36 d early
2019
72 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 54 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€644,342▼ 19.6%
2024 · €801,184
Total assets
€648,514▼ 51.0%
2024 · €1.3m
Net result
-€156,842▼ 509%
2024 · -€25,761
Working capital
€635,350▲ 152%
2024 · €252,250
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€255,909€779,367▲ 205%€712,065▼ 8.6%€158,064▼ 77.8%-€144,182
Net result€182,569€567,834▲ 211%€515,483▼ 9.2%-€25,761-€156,842▼ 509%
Equity€173,154▲ 1.5%€311,462▲ 79.9%€826,945▲ 166%€801,184▼ 3.1%€644,342▼ 19.6%
Total assets€880,811▲ 22.6%€2.1m▲ 140%€2.0m▼ 7.0%€1.3m▼ 32.7%€648,514▼ 51.0%
Debt€707,656▲ 29.1%€1.8m▲ 155%€1.1m▼ 36.8%€523,430▼ 54.1%€4,172▼ 99.2%
Working capital-€170,524▼ 29.3%-€120,576▲ 29.3%€204,899€252,250▲ 23.1%€635,350▲ 152%
Staff (FTE)1▲ 25.0%0
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Why a figure moved sharply
- 2025 Net result -509%, Total assets -51% on 2024. Cause not known from the registers.
- 2023 Equity +166% on 2022. Cause not known from the registers.
- 2022 Net result +211%, Equity +80%, Total assets +140% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €144,182 after €158,064 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €648,514
Fixed assets
€8,992 ▼ 99.1%
Current assets
€639,522 ▲ 69.7%
Equity and liabilities €648,514
Equity
€644,342 ▼ 19.6%
Debt
€4,172 ▼ 99.2%
Debt's share of the balance-sheet total falls from 39.5% to 0.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€140,422▼
2024 · €196,060
Cash flow
-€153,081▼
2024 · €12,235
Debt to equity
0.01▼
2024 · 0.65
ROE
-24.3%▼
2024 · -3.2%
ROA
-24.2%▼
2024 · -1.9%
Interest coverage
-9.62▼
2024 · 5.45
Debt ≤ 1 year
€4,172▼
2024 · €124,601
Debt > 1 year
€0▼
2024 · €398,829
Income taxes
€601
Staff costs
€181,270▼
2024 · €181,730
A ratio outside any meaningful range has been withheld (balance sheet total €648,514, equity €644,342).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 926 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 90% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.1%
went bankrupt
8.7%
stopped otherwise
90%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 926 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €11,329 | €5,105 | - | €62,346 | - |
| Remuneration, social security and pensions62 | €161,056 | €122,075 | €138,294 | €181,730 | €181,270 | ▼ 0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,812 | €45,956 | €60,174 | €37,996 | €3,761 | ▼ 90.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €3,899 | - |
| Other operating charges640/8 | €5,786 | €62,945 | €8,787 | €14,706 | €10,179 | ▼ 30.8% |
| Non-recurring operating charges66A | - | €17,812 | - | - | €181,288 | - |
| Gross operating margin9900 | €447,562 | €1.0m | €919,320 | €392,496 | €236,215 | ▼ 39.8% |
| Operating profit (loss)9901 | €255,909 | €779,367 | €712,065 | €158,064 | -€144,182 | ▼ 191% |
| Financial income75/76B | €10,604 | €4 | €1,668 | €230,680 | €2,540 | ▼ 98.9% |
| Recurring financial income75 | €31 | €4 | €1,668 | €5 | €2,540 | ▲ 51,635% |
| Non-recurring financial income76B | €10,573 | - | - | €230,676 | - | - |
| Financial charges65/66B | €19,023 | €18,242 | €29,356 | €414,506 | €14,599 | ▼ 96.5% |
| Recurring financial charges65 | €19,023 | €18,242 | €29,356 | €35,956 | €14,599 | ▼ 59.4% |
| Non-recurring financial charges66B | - | - | - | €378,550 | - | - |
| Profit (loss) for the period before taxes9903 | €247,490 | €761,129 | €684,377 | -€25,761 | -€156,241 | ▼ 506% |
| Income taxes67/77 | €64,921 | €193,295 | €168,894 | - | €601 | - |
| Profit (loss) for the period9904 | €182,569 | €567,834 | €515,483 | -€25,761 | -€156,842 | ▼ 509% |
| Transfer from tax-exempt reserves789 | - | - | - | - | €4,162 | - |
| Profit (loss) for the period to be appropriated9905 | €182,569 | €567,834 | €515,483 | -€25,761 | -€152,679 | ▼ 493% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €880,811 | €2.1m | €2.0m | €1.3m | €648,514 | ▼ 51.0% |
| Formation expenses20 | - | - | €0 | - | - | - |
| Fixed assets21/28 | €611,279 | €1.5m | €1.4m | €947,762 | €8,992 | ▼ 99.1% |
| Intangible fixed assets21 | €1,684 | €16,425 | €12,451 | €9,319 | €6,187 | ▼ 33.6% |
| Tangible fixed assets22/27 | €609,595 | €1.4m | €1.4m | €938,443 | €2,806 | ▼ 99.7% |
| Land and buildings22 | €599,548 | €1.4m | €1.4m | €925,837 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | €8,154 | €7,365 | €15,231 | €12,606 | €0 | ▼ 100% |
| Furniture and vehicles24 | €1,893 | €672 | €0 | - | €2,806 | - |
| Current assets29/58 | €269,532 | €665,007 | €566,454 | €376,851 | €639,522 | ▲ 69.7% |
| Amounts receivable within one year40/41 | €268,865 | €487,293 | €471,018 | €243,217 | €239,495 | ▼ 1.5% |
| Trade receivables40 | €209,821 | €294,774 | €209,069 | €54,196 | €112,159 | ▲ 107% |
| Other amounts receivable41 | €59,044 | €192,519 | €261,950 | €189,022 | €127,336 | ▼ 32.6% |
| Cash at bank and in hand54/58 | €525 | €172,716 | €87,618 | €113,914 | €383,719 | ▲ 237% |
| Deferred charges and accrued income490/1 | €142 | €4,999 | €7,818 | €19,720 | €16,307 | ▼ 17.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €880,811 | €2.1m | €2.0m | €1.3m | €648,514 | ▼ 51.0% |
| Equity10/15 | €173,154 | €311,462 | €826,945 | €801,184 | €644,342 | ▼ 19.6% |
| Contributions10/11 | €18,550 | €118,550 | €118,550 | €118,550 | €118,550 | = |
| Reserves13 | €6,017 | €6,017 | €6,017 | €6,017 | €525,792 | ▲ 8,638% |
| Non-distributable reserves130/1 | €4,162 | €4,162 | €4,162 | €4,162 | €0 | ▼ 100% |
| Reserves not available under the articles1311 | €4,162 | - | - | - | - | - |
| Own shares acquired1312 | - | - | - | - | €0 | - |
| Other1319 | - | €4,162 | €4,162 | €4,162 | - | - |
| Tax-exempt reserves132 | €1,855 | - | - | - | - | - |
| Distributable reserves133 | - | €1,855 | €1,855 | €1,855 | €525,792 | ▲ 28,245% |
| Profit (loss) carried forward14 | €148,587 | €186,894 | €702,378 | €676,616 | €0 | ▼ 100% |
| Amounts payable17/49 | €707,656 | €1.8m | €1.1m | €523,430 | €4,172 | ▼ 99.2% |
| Amounts payable after more than one year17 | €267,601 | €868,540 | €778,522 | €398,829 | €0 | ▼ 100% |
| Financial debts170/4 | €267,601 | €868,540 | €778,522 | €398,829 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €440,056 | €785,584 | €361,555 | €124,601 | €4,172 | ▼ 96.7% |
| Current portion of amounts payable after more than one year42 | €58,964 | €113,007 | €101,834 | €73,960 | €0 | ▼ 100% |
| Financial debts43 | €18,333 | €140,833 | €112,500 | - | - | - |
| Credit institutions430/8 | €18,333 | €140,833 | €112,500 | - | - | - |
| Trade debts44 | €39,026 | €105,247 | €114,794 | €20,334 | €1,654 | ▼ 91.9% |
| Suppliers440/4 | €39,026 | €105,247 | €114,794 | €20,334 | €1,654 | ▼ 91.9% |
| Advances received on contracts in progress46 | €302 | - | - | - | - | - |
| Taxes, remuneration and social security45 | €53,373 | €14,656 | €20,008 | €1,341 | €918 | ▼ 31.5% |
| Taxes450/3 | €45,300 | €13,295 | €13,295 | €1,341 | €918 | ▼ 31.5% |
| Remuneration and social security454/9 | €8,072 | €1,362 | €6,713 | - | €0 | - |
| Other amounts payable47/48 | €270,058 | €411,840 | €12,420 | €28,966 | €1,600 | ▼ 94.5% |
| Accrued charges and deferred income492/3 | - | €150,006 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €182,569 | €567,834 | €515,483 | -€25,761 | -€156,842 | ▼ 509% |
| + Depreciation and write-downs630 | €24,812 | €45,956 | €60,174 | €37,996 | €3,761 | ▼ 90.1% |
| Operating cash flow (approximation) | €207,380 | €613,790 | €575,657 | €12,235 | -€153,081 | ▼ 1,351% |
| Investment in fixed assets (approximation) | - | -€885,261 | -€10,158 | €414,810 | €935,009 | ▲ 125% |
| Change in cash | - | €172,191 | -€85,098 | €26,295 | €269,805 | ▲ 926% |
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
Next filing, fiscal year 2026, expected by
2026
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€156,842
Net result drops to -€156,842, the lowest in the series.
31-12
Financial
Liquidity times 51current ratio 153.29
Current ratio from 3.02 to 153.29; short-term debt falls from €124,601 to €4,172.
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €500,000Eq €826,945 ▲166%
3 profitable years in a row build equity to €826,945.
19-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €567,834 ▲211%
Operating result €779,367, net result €567,834, both a record.
31-12
Financial
Equity above €200,000Eq €311,462 ▲79.9%
2 profitable years in a row build equity to €311,462.
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €182,569
Net result €182,569 after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
20-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
11-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 19 acts read
About the unread acts
We know of 19 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
19 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, Hasselt · 1 establishment unit since 2003
Ground area
1,984 m²
Building footprint
216 m²
Volume, LiDAR
1,827 m³
Parcel 71054B0011/00A004, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
4CE NAAMLOZE VENNOOTSCHAP
since 20032.133.129.572
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71054B0011/00A004 | Flanders | 1,984 m² | 1 · 216 m² | 12.1 m · 3 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.
Structure & network
Owners and holdings
2 ownersOwners 2
-
50%
- Blue MondayNLSourceown accounts 202520%
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
- Sourceaccounts SQM 202449.99%
Holdings 0
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of 4CE and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector, comparable size
KAHLE ACOUSTICS
BE 0475.070.069
Elsene · Eq €644,910
CERTIGREEN
BE 0451.912.904
Seraing · Eq €646,956
EUROPEAN CONTROL SERVICES
BE 0440.119.088
Sint-Joost-ten-Node · Eq €647,559
SIBOTEC
BE 0712.633.165
Beernem · Eq €647,603
ABV ENVIRONMENT
BE 0898.749.144
Ukkel · Eq €636,297
Of 2,147 companies in sector 71209 we hold annual accounts for 1,087. 659 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-04-2002
Fiscal year end31-12
Activities, NACEBEL 2025
71209Other technical testing and analysis
Contact
E-mail
donato@telenet.be
E-invoicing
Reachable via Peppol
Peppol ID
0208:0477120630
Also
9925:BE0477120630
Registered
25-07-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.