Active BE 0456.239.597Private limited company

ALCEDO

Bosschaert de Bouwellei 24 ·2900 Schoten, Belgium· 30 yrs active

Sector: Activities of holding companies (64210)

Conclusion Checked

ALCEDO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.07M and a net result of €146k. Equity is shrinking by ~3% per year across the filed fiscal years. Its solvency ranks better than 19% of 5424 sector peers (fiscal year 2025). The company has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.

Key figures

Equity	€1.07M
Net result	€146k
Better than sector	19%
Active	30 yrs

Financial profile 4 of 5 axes measured · computed by Checked

53 / 100

Mixed profile: strong on stability, weaker on solvency.

Computed on 4 of 5 axes. Not measured: health. An unmeasured axis is not a zero: no data was read for it.

Health -

Profitability 68

Solvency 12

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1995, 30 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score

Model not applicable to financial institutions

The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here.

Financial overview30 NBB filings

Annual accounts filed on 13-07-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~3%/year over 8 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 64, Financial service activities, except insurance and pension funding · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	17.8%	51.8%	better than 19% of 5424 sector peers
Net result	€146k	€53k	better than 70% of 5425 sector peers
Equity	€1.07M	€622k	better than 63% of 5425 sector peers
Gross operating margin	€81k	€87k	better than 48% of 5421 sector peers
Employees (FTE)	0.0	0.0	better than 32% of 1853 sector peers

Net profit

€146k

-89.3% 18-25

Total assets

€6.00M

+10.2% 18-25

Equity

€1.07M

-40.1% 18-25

Employees (FTE)

0

- 18-25

Staff costs

€0

- 18-25

Income taxes

€5k

- 18-25

Dividends

€862k

-43.9% 18-25

Debt

€4.93M

+34.7% 18-25

Debt ≤ 1y

€4.83M

+35.6% 18-25

Debt > 1y

€101k

+3.0% 18-25

Solvency

17.8%

-45.7% 18-25

ROE

13.7%

-82.1% 18-25

ROA

2.4%

-90.3% 18-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	n/a	n/a	n/a	n/a	n/a
EBITDA	n/a	n/a	n/a	n/a	n/a
Net profit	€146k	€1.37M	€7k	€76k	€234k
Cash flow	n/a	n/a	n/a	n/a	n/a
Staff costs	-	-	€0	€-172	€152
Income taxes	€5k	€-318	€6k	€14k	€57k
Dividends	€862k	€1.54M	-	-	-
Total assets	€6.00M	€5.45M	€3.53M	€2.73M	€2.40M
Equity	€1.07M	€1.78M	€1.95M	€1.95M	€2.33M
Debt	€4.93M	€3.66M	€1.58M	€787k	€69k
of which ≤ 1y	€4.83M	€3.56M	€1.48M	€341k	€69k
of which > 1y	€101k	€98k	€95k	€445k	-
Working capital	n/a	n/a	n/a	n/a	n/a
Employees (FTE)	0.0	0.0	0.0	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	n/a	n/a	n/a	n/a	n/a
Quick ratio	n/a	n/a	n/a	n/a	n/a
Working capital ratio	n/a	n/a	n/a	n/a	n/a
Solvency	17.8%	32.8%	55.3%	71.2%	97.1%
Debt / equity	n/a	n/a	n/a	n/a	n/a
Long-term debt ratio	n/a	n/a	n/a	n/a	n/a
Interest coverage	n/a	n/a	n/a	n/a	n/a
Gross margin	n/a	n/a	n/a	n/a	n/a
Net margin	n/a	n/a	n/a	n/a	n/a
ROA	2.4%	25.1%	0.2%	2.8%	9.7%
ROE	13.7%	76.5%	0.3%	3.9%	10.0%
EBITDA margin	n/a	n/a	n/a	n/a	n/a
Days sales outstanding	n/a	n/a	n/a	n/a	n/a
Days payable outstanding	n/a	n/a	n/a	n/a	n/a
Inventory turnover	n/a	n/a	n/a	n/a	n/a
Days inventory (DSI)	n/a	n/a	n/a	n/a	n/a

Balance-sheet composition 2025

Assets

Fixed assets €5.94M · 99.1% Current assets €57k · 1.0%

Equity & liabilities

Equity €1.07M · 17.8% Debt €4.93M · 82.2%

Full annual accounts (24 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€6.00M	€5.45M	€3.53M	€2.73M	€2.40M
Fixed assets	21/28	€5.94M	€5.25M	€3.37M	€2.51M	€2.25M
Tangible fixed assets	22/27	€5.25M	€4.54M	€2.65M	€1.79M	€1.65M
Financial fixed assets	28	€695k	€716k	€716k	€716k	€600k
Current assets	29/58	€57k	€195k	€162k	€229k	€154k
Amounts receivable within one year	40/41	€26k	€70k	€147k	€81k	€83k
Cash & bank	54/58	€8k	€107k	€7k	€141k	€65k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€6.00M	€5.45M	€3.53M	€2.73M	€2.40M
Equity	10/15	€1.07M	€1.78M	€1.95M	€1.95M	€2.33M
Contributions / capital	10/11	€1.00M	€1.00M	€1.00M	€1.00M	€1.42M
Reserves	13	€68k	€490k	€490k	€483k	€483k
Accumulated profits (losses)	14	€0	€294k	€465k	€465k	€429k
Amounts payable	17/49	€4.93M	€3.66M	€1.58M	€787k	€69k
Amounts payable after one year	17	€101k	€98k	€95k	€445k	-
Amounts payable within one year	42/48	€4.83M	€3.56M	€1.48M	€341k	€69k
Trade debts payable within one year	44	€26k	€38k	€19k	€17k	€40k
Income statement
Gross operating margin	9900	€81k	€43k	€125k	€151k	€194k
Operating result	9901	€-121k	€-82k	€45k	€93k	€140k
Financial income	75	€415k	€1.54M	€3k	€4k	€155k
Financial charges	65	€142k	€92k	€36k	€6k	€3k
Result before taxes	9903	€152k	€1.37M	€12k	€90k	€291k
Income taxes	67/77	€5k	€-318	€6k	€14k	€57k
Net result for the period	9904	€146k	€1.37M	€7k	€76k	€234k
Result to be appropriated	9905	€146k	€1.37M	€7k	€76k	€234k

Legal Structure

NACE primary	Activities of holding companies(64210)
Legal form	Private limited company(610)
Incorporation	09-10-1995
Status	Active
Postal code	2900

Ownership & control 1 parties

ALCEDOBE 0456.239.597

controls

Where this company holds controlthis company sits on their board1

CNBB Equity Partners I

1 location

Establishment units 1 location

Bosschaert de Bouwellei 24, 2900 Schoten

NACE 67130

since 19952.073.737.462

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11040D0143/00Y003	Flanders	1,982 m²	1 · 243 m²	9.6 m · 2 fl.

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.

Updates 10 events

All 14Financial 4Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

13-07

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

16-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2018net €1.37M ▲20058%

Net result €1.37M, the highest in the series.

27-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Weakest financial yearnet €7k ▼91.1%

Net result drops to €7k, the lowest in the series; recovery starts the following year.

12-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

21-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Liquidity doublescurrent ratio 2.24

Current ratio from 0.93 to 2.24; short-term debt falls from €374k to €69k.

01-07

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Equity above €2MEq €2.10M ▲12.6%

3 profitable years in a row build equity to €2.10M.

26-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

16-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

02-07

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

17-07

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.

Belgian State Gazette reading coverage 0 of 6 acts read

We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Holdings64200Activities of holding companies6421074151

Names & trade names

Legal nameNL

ALCEDO

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