C.E.A.
ActiveSummary
C.E.A. has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €18,592 and a net result of €39,513. Equity is growing by ~8.4% per year across the filed fiscal years. Its solvency ranks better than 37% of 2547 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency53▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 0.98 in 2023; short-term debt: 71.7% and cash: 78.6% of total assets), and 71.7% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
28.3%
Return on assets
60.2%
Age of the figures
21 mo
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 10-07-2025, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
21 d early
2023
44 d early
2022
34 d early
2021
40 d early
2020
83 d late
2019
39 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 3 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€18,592=
2023 · €18,592
Total assets
€65,686▼ 27.4%
2023 · €90,534
Net result
€39,513▼ 15.2%
2023 · €46,612
Working capital
€5,230
2023 · -€1,210
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, 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€29,090€31,334▲ 7.7%€52,817▲ 68.6%€62,416▲ 18.2%€52,982▼ 15.1%
Net result€27,829above the sector's middle half€21,423within the sector's middle half▼ 23.0%€39,321above the sector's middle half▲ 83.6%€46,612above the sector's middle half▲ 18.5%€39,513above the sector's middle half▼ 15.2%
Equity€27,588within the sector's middle half€36,015within the sector's middle half▲ 30.5%€18,592within the sector's middle half▼ 48.4%€18,592within the sector's middle half=€18,592within the sector's middle half=
Total assets€44,071within the sector's middle half▲ 134%€73,300within the sector's middle half▲ 66.3%€102,706within the sector's middle half▲ 40.1%€90,534within the sector's middle half▼ 11.9%€65,686within the sector's middle half▼ 27.4%
Debt€16,483▼ 13.6%€37,285▲ 126%€84,114▲ 126%€71,942▼ 14.5%€47,094▼ 34.5%
Working capital€26,995within the sector's middle half€35,718within the sector's middle half▲ 32.3%-€7,651below the sector's middle half-€1,210within the sector's middle half▲ 84.2%€5,230within the sector's middle half
Solvency62.6%within the sector's middle half▲ 63.9pp49.1%within the sector's middle half▼ 13.5pp18.1%within the sector's middle half▼ 31.0pp20.5%within the sector's middle half▲ 2.4pp28.3%within the sector's middle half▲ 7.8pp
Current ratio2.64within the sector's middle half▲ 1.991.96within the sector's middle half▼ 0.680.91within the sector's middle half▼ 1.050.98within the sector's middle half▲ 0.071.11within the sector's middle half▲ 0.13
Return on assets (ROA)63.1%above the sector's middle half▲ 113.7pp29.2%above the sector's middle half▼ 33.9pp38.3%above the sector's middle half▲ 9.1pp51.5%above the sector's middle half▲ 13.2pp60.2%above the sector's middle half▲ 8.7pp
Staff (FTE)1within the sector's middle half=
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 15% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €65,686
Fixed assets
€13,362 ▼ 32.5%
Current assets
€52,324 ▼ 26.0%
Equity and liabilities €65,686
Equity
€18,592 =
Debt
€47,094 ▼ 34.5%
Debt's share of the balance-sheet total falls from 79.5% to 71.7%. Debt is lower.
Key figures and ratios
EBITDA
€59,423▼
2023 · €68,856
Cash flow
€45,953▼
2023 · €53,052
Debt to equity
2.53▼
2023 · 3.87
ROE
212.5%▼
2023 · 250.7%
Interest coverage
592.80▲
2023 · 257.72
Debt ≤ 1 year
€47,094▼
2023 · €71,942
Income taxes
€13,426▼
2023 · €15,537
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,815 companies that looked in July 2024 the way this one looks now, 0.8% went bankrupt within 24 months and 95% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
0.8%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 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% | 1.7% |
| 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 75% 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 3,815 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €6,648 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,865 | €297 | €6,256 | €6,441 | €6,441 | = |
| Other operating charges640/8 | - | €2,837 | €3,747 | €3,881 | €4,434 | ▲ 14.3% |
| Gross operating margin9900 | €66,602 | €41,116 | €62,821 | €72,737 | €63,856 | ▼ 12.2% |
| Operating profit (loss)9901 | €29,090 | €31,334 | €52,817 | €62,416 | €52,982 | ▼ 15.1% |
| Financial income75/76B | - | - | - | €1 | €57 | ▲ 10,046% |
| Recurring financial income75 | - | - | - | €1 | €57 | ▲ 10,046% |
| Financial charges65/66B | - | €448 | €0 | €267 | €100 | ▼ 62.5% |
| Recurring financial charges65 | €91 | €448 | €0 | €267 | €100 | ▼ 62.5% |
| Profit (loss) for the period before taxes9903 | €28,999 | €30,886 | €52,817 | €62,149 | €52,939 | ▼ 14.8% |
| Income taxes67/77 | €1,170 | €9,464 | €13,495 | €15,537 | €13,426 | ▼ 13.6% |
| Profit (loss) for the period9904 | €27,829 | €21,423 | €39,321 | €46,612 | €39,513 | ▼ 15.2% |
| Profit (loss) for the period to be appropriated9905 | €27,829 | €21,423 | €39,321 | €46,612 | €39,513 | ▼ 15.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €44,071 | €73,300 | €102,706 | €90,534 | €65,686 | ▼ 27.4% |
| Fixed assets21/28 | €593 | €297 | €26,243 | €19,802 | €13,362 | ▼ 32.5% |
| Tangible fixed assets22/27 | €593 | €297 | €26,243 | €19,802 | €13,362 | ▼ 32.5% |
| Furniture and vehicles24 | - | €297 | €26,243 | €19,802 | €13,362 | ▼ 32.5% |
| Current assets29/58 | €43,478 | €73,003 | €76,463 | €70,732 | €52,324 | ▼ 26.0% |
| Amounts receivable within one year40/41 | €36,060 | €14,437 | €6,118 | €297 | - | - |
| Other amounts receivable41 | - | €14,437 | €6,118 | €297 | - | - |
| Cash at bank and in hand54/58 | €6,775 | €56,714 | €70,345 | €69,767 | €51,640 | ▼ 26.0% |
| Deferred charges and accrued income490/1 | - | €1,853 | - | €667 | €684 | ▲ 2.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €44,071 | €73,300 | €102,706 | €90,534 | €65,686 | ▼ 27.4% |
| Equity10/15 | €27,588 | €36,015 | €18,592 | €18,592 | €18,592 | = |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | - | €17,423 | - | - | - | - |
| Distributable reserves133 | - | €17,423 | - | - | - | - |
| Profit (loss) carried forward14 | €8,996 | - | - | - | - | - |
| Amounts payable17/49 | €16,483 | €37,285 | €84,114 | €71,942 | €47,094 | ▼ 34.5% |
| Amounts payable within one year42/48 | €16,483 | €37,285 | €84,114 | €71,942 | €47,094 | ▼ 34.5% |
| Trade debts44 | €1,239 | €21,971 | €21,973 | €24,793 | €445 | ▼ 98.2% |
| Suppliers440/4 | - | €21,971 | €21,973 | €24,793 | €445 | ▼ 98.2% |
| Taxes, remuneration and social security45 | - | €2,318 | €20,679 | €14,521 | €18,872 | ▲ 30.0% |
| Taxes450/3 | - | €557 | €18,902 | €14,521 | €18,872 | ▲ 30.0% |
| Remuneration and social security454/9 | - | €1,761 | €1,776 | - | - | - |
| Other amounts payable47/48 | - | €12,996 | €41,463 | €32,628 | €27,777 | ▼ 14.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,829 | €21,423 | €39,321 | €46,612 | €39,513 | ▼ 15.2% |
| + Depreciation and write-downs630 | €5,865 | €297 | €6,256 | €6,441 | €6,441 | = |
| Operating cash flow (approximation) | €33,693 | €21,719 | €45,578 | €53,052 | €45,953 | ▼ 13.4% |
| Investment in fixed assets (approximation) | - | €0 | -€32,203 | €0 | €0 | - |
| Change in cash | - | €49,938 | €13,631 | -€577 | -€18,127 | ▼ 3,039% |
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
10-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €46,612 ▲18.5%
Operating result €62,416, net result €46,612, both a record.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
21-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
22-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 83 days late
2020
31-12
Financial
Back to profitnet €27,829
Net result €27,829 after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.64
Current ratio from 0.65 to 2.64; short-term debt falls from €19,079 to €16,483.
08-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 39 days late
2019
31-12
Financial
Weakest financial yearnet -€9,518
Net result drops to -€9,518, the lowest in the series; recovery starts the following year.
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
21-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 52 days late
2017
21-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 52 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Bastogne · 1 establishment unit since 1998
Ground area
435 m²
Building footprint
49 m²
Volume, LiDAR
284 m³
Parcel 82302C0960/00A004, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Chaussée d'Arlon 11, 6600 Bastogne
since 19982.085.058.946
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 82302C0960/00A004 | Wallonia | 435 m² | 1 · 49 m² | 8.5 m · 2 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.
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Of 1,038 companies in sector 85531 we hold annual accounts for 348. 252 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)
Founded26-12-1997
Fiscal year end31-12
Activities, NACEBEL 2025
85531Driving schools for cars and motorcycles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462263101
Registered
27-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.