BUREAU CEGEX
ActiveSummary
BUREAU CEGEX has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €229,947 and a net result of €57,181. Equity is growing by ~35.5% per year across the filed fiscal years. Its solvency ranks better than 30% of 6545 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability74▲+18
Solvency42▲+5
Growth78=
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12,000 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 1.29 in 2023; short-term debt: 58.8% and cash: 1.8% of total assets), and 82.9% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 03-04-2025, 119 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
119 d early
2023
133 d late
2022
102 d late
2021
110 d early
2020
43 d early
2019
92 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 9 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€57,181▲ 326%
2023 · €13,418
Working capital
€205,319▼ 7.2%
2023 · €221,176
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€152,304▲ 3,489%€220,158▲ 44.6%€160,095▼ 27.3%€41,687▼ 74.0%€93,063▲ 123%
Net result€5,552within the sector's middle half▲ 85.1%€39,555within the sector's middle half▲ 612%€48,696within the sector's middle half▲ 23.1%€13,418within the sector's middle half▼ 72.4%€57,181within the sector's middle half▲ 326%
Equity€71,178within the sector's middle half▲ 356%€110,732within the sector's middle half▲ 55.6%€159,429within the sector's middle half▲ 44.0%€172,847within the sector's middle half▲ 8.4%€229,947within the sector's middle half▲ 33.0%
Total assets€637,404above the sector's middle half▲ 364%€846,923within the sector's middle half▲ 32.9%€1.1mwithin the sector's middle half▲ 32.1%€1.4mwithin the sector's middle half▲ 24.2%€1.3mwithin the sector's middle half▼ 3.5%
Debt€566,226▲ 365%€736,191▲ 30.0%€959,576▲ 30.3%€1.2m▲ 26.8%€1.1m▼ 8.7%
Working capital€56,210within the sector's middle half€199,198within the sector's middle half▲ 254%€274,157within the sector's middle half▲ 37.6%€221,176within the sector's middle half▼ 19.3%€205,319within the sector's middle half▼ 7.2%
Solvency11.2%within the sector's middle half▼ 0.2pp13.1%below the sector's middle half▲ 1.9pp14.2%within the sector's middle half▲ 1.2pp12.4%below the sector's middle half▼ 1.8pp17.1%within the sector's middle half▲ 4.7pp
Current ratio1.13within the sector's middle half▲ 0.211.44within the sector's middle half▲ 0.301.47within the sector's middle half▲ 0.031.29within the sector's middle half▼ 0.181.26within the sector's middle half▼ 0.03
Return on assets (ROA)0.9%within the sector's middle half▼ 1.3pp4.7%within the sector's middle half▲ 3.8pp4.4%within the sector's middle half▼ 0.3pp1.0%within the sector's middle half▼ 3.4pp4.3%within the sector's middle half▲ 3.3pp
Staff (FTE)5.5above the sector's middle half▲ 57.1%8.6within the sector's middle half▲ 56.4%7.5within the sector's middle half▼ 12.8%10.8within the sector's middle half▲ 44.0%10.1within the sector's middle half▼ 6.5%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 123% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.3m
Fixed assets
€346,850 ▼ 11.7%
Current assets
€994,170 ▼ 0.2%
Equity and liabilities €1.3m
Equity
€229,947 ▲ 33.0%
Debt
€1.1m ▼ 8.7%
Debt's share of the balance-sheet total falls from 87.6% to 82.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€253,912▲
2023 · €127,697
Cash flow
€218,030▲
2023 · €99,428
Quick ratio
0.03▼
2023 · 0.08
Debt to equity
4.83▼
2023 · 7.04
ROE
24.9%▲
2023 · 7.8%
Interest coverage
14.22▲
2023 · 4.37
Debt ≤ 1 year
€788,851▲
2023 · €775,182
Debt > 1 year
€322,222▼
2023 · €441,246
Income taxes
€26,729▲
2023 · €11,478
Staff costs
€373,086▲
2023 · €364,408
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,105 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 98% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.0%
went bankrupt
0.9%
stopped otherwise
98%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,105 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5,500 | - | €25,544 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | €232,849 | €240,604 | €364,408 | €373,086 | ▲ 2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,981 | €59,167 | €78,445 | €86,010 | €160,849 | ▲ 87.0% |
| Other operating charges640/8 | - | €8,883 | - | €2,013 | €1,447 | ▼ 28.1% |
| Gross operating margin9900 | €330,869 | €521,058 | €479,144 | €494,118 | €628,445 | ▲ 27.2% |
| Operating profit (loss)9901 | €152,304 | €220,158 | €160,095 | €41,687 | €93,063 | ▲ 123% |
| Financial income75/76B | - | €12,775 | €10,737 | €12,446 | €8,700 | ▼ 30.1% |
| Recurring financial income75 | €2,406 | €12,775 | €10,737 | €12,446 | €8,700 | ▼ 30.1% |
| Financial charges65/66B | - | €173,515 | €99,805 | €29,237 | €17,853 | ▼ 38.9% |
| Recurring financial charges65 | €1,784 | €3,515 | €9,805 | €29,237 | €17,853 | ▼ 38.9% |
| Non-recurring financial charges66B | - | €170,000 | €90,000 | - | - | - |
| Profit (loss) for the period before taxes9903 | €7,926 | €59,418 | €71,027 | €24,896 | €83,910 | ▲ 237% |
| Income taxes67/77 | €2,374 | €19,864 | €22,330 | €11,478 | €26,729 | ▲ 133% |
| Profit (loss) for the period9904 | €5,552 | €39,555 | €48,696 | €13,418 | €57,181 | ▲ 326% |
| Profit (loss) for the period to be appropriated9905 | €5,552 | €39,555 | €48,696 | €13,418 | €57,181 | ▲ 326% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €637,404 | €846,923 | €1.1m | €1.4m | €1.3m | ▼ 3.5% |
| Fixed assets21/28 | €157,309 | €191,347 | €255,894 | €392,917 | €346,850 | ▼ 11.7% |
| Intangible fixed assets21 | €149,932 | €147,882 | €106,215 | €64,617 | €50,000 | ▼ 22.6% |
| Tangible fixed assets22/27 | €7,377 | €43,465 | €149,679 | €328,300 | €296,850 | ▼ 9.6% |
| Land and buildings22 | - | - | - | €11,386 | €12,470 | ▲ 9.5% |
| Furniture and vehicles24 | - | €39,684 | €149,679 | €316,914 | €284,380 | ▼ 10.3% |
| Leasing and similar rights25 | - | €3,782 | - | - | - | - |
| Current assets29/58 | €480,095 | €655,576 | €863,110 | €996,358 | €994,170 | ▼ 0.2% |
| Stocks and contracts in progress3 | €409,436 | €601,201 | €846,985 | €932,656 | €969,169 | ▲ 3.9% |
| Stocks30/36 | - | €601,201 | €846,985 | €932,656 | €969,169 | ▲ 3.9% |
| Amounts receivable within one year40/41 | €45,866 | €42,510 | - | €63,429 | €1,240 | ▼ 98.0% |
| Other amounts receivable41 | - | €42,510 | - | €63,429 | €1,240 | ▼ 98.0% |
| Cash at bank and in hand54/58 | €24,793 | €11,866 | €16,125 | €273 | €23,761 | ▲ 8,607% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €637,404 | €846,923 | €1.1m | €1.4m | €1.3m | ▼ 3.5% |
| Equity10/15 | €71,178 | €110,732 | €159,429 | €172,847 | €229,947 | ▲ 33.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Revaluation surpluses12 | - | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €2,550 | €42,050 | €42,050 | €42,050 | €42,050 | = |
| Distributable reserves133 | - | €42,050 | €42,050 | €42,050 | €42,050 | = |
| Profit (loss) carried forward14 | €28 | €82 | €48,779 | €62,197 | €119,297 | ▲ 91.8% |
| Amounts payable17/49 | €566,226 | €736,191 | €959,576 | €1.2m | €1.1m | ▼ 8.7% |
| Amounts payable after more than one year17 | €142,341 | €279,812 | €370,623 | €441,246 | €322,222 | ▼ 27.0% |
| Financial debts170/4 | - | €229,812 | €330,623 | €401,246 | €302,222 | ▼ 24.7% |
| Other amounts payable178/9 | - | €50,000 | €40,000 | €40,000 | €20,000 | ▼ 50.0% |
| Amounts payable within one year42/48 | €423,885 | €456,379 | €588,953 | €775,182 | €788,851 | ▲ 1.8% |
| Current portion of amounts payable after more than one year42 | - | €42,328 | €116,689 | €224,062 | €224,024 | = |
| Trade debts44 | €278,641 | €139,501 | €333,890 | €215,303 | €271,727 | ▲ 26.2% |
| Suppliers440/4 | - | €139,501 | €333,890 | €215,303 | €271,727 | ▲ 26.2% |
| Advances received on contracts in progress46 | - | €62,544 | - | €69,078 | - | - |
| Taxes, remuneration and social security45 | - | €193,307 | €131,701 | €250,669 | €282,826 | ▲ 12.8% |
| Taxes450/3 | - | €149,765 | €89,450 | €158,634 | €202,922 | ▲ 27.9% |
| Remuneration and social security454/9 | - | €43,542 | €42,251 | €92,035 | €79,904 | ▼ 13.2% |
| Other amounts payable47/48 | - | €18,698 | €6,672 | €16,071 | €10,274 | ▼ 36.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,552 | €39,555 | €48,696 | €13,418 | €57,181 | ▲ 326% |
| + Depreciation and write-downs630 | €47,981 | €59,167 | €78,445 | €86,010 | €160,849 | ▲ 87.0% |
| Operating cash flow (approximation) | €53,533 | €98,722 | €127,141 | €99,428 | €218,030 | ▲ 119% |
| Investment in fixed assets (approximation) | - | -€93,205 | -€142,992 | -€223,033 | -€114,782 | ▲ 48.5% |
| Change in cash | - | -€12,927 | €4,259 | -€15,852 | €23,489 | ▲ 248% |
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
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €57,181 ▲326%
Net result €57,181, the highest in the series.
31-12
Financial
Equity above €200,000Eq €229,947 ▲33%
7 profitable years in a row build equity to €229,947.
11-12
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 133 days late
2023
10-11
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 102 days late
2022
31-12
Financial
Equity above €150,000Eq €159,429 ▲44%
5 profitable years in a row build equity to €159,429.
12-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €100,000Eq €110,732 ▲55.6%
4 profitable years in a row build equity to €110,732.
18-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
05-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 127 days late
05-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 309 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 16 days late
2016
17-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Tournai · 3 establishment units since 2007
Ground area
3,631 m²
Building footprint
382 m²
Volume, LiDAR
1,835 m³
3 parcels, Wallonia · tallest building 10.6 m, ±3 floors. Linked by address, not a title deed.
3 establishment units
PIERRE ET SOL BUREAU CEGEX
since 20072.164.123.943
CEGEX / PIERRE ET SOL
since 20172.305.683.367
CEGEX / PIERRE ET SOL
since 20172.305.683.466
3 parcels
Wallonia
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57060B0308/00L000 | Wallonia | 2,702 m² | 1 · 278 m² | 7.1 m · 2 fl. |
| 57008B0562/00H002 | Wallonia | 833 m² | 1 · 55 m² | 3.1 m · 1 fl. |
| 57463L0410/00C000 | Wallonia | 97 m² | 1 · 50 m² | 10.6 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,955 companies in sector 47120 we hold annual accounts for 2,193. 1,356 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 (pre-2019)
Founded10-07-2007
Fiscal year end31-12
Activities, NACEBEL 2025
47120Other non-specialised retail sale
47529Retail trade
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0890792966
Registered
29-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.