C.E.A. CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of C.E.A. CONSTRUCT is 4.7% (elevated). For C.E.A. CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €158,224 and a net result of -€96,471. Equity remains stable across the filed fiscal years (±0.1% per year). Its solvency ranks better than 82% of 33673 sector peers (fiscal year 2023). The company has been active since 2012 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-15
Solvency99▼-1
Growth32▼-20
Track record92
Bankruptcy probability, 12 months
4.7%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Eight 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2023Solvency, return and age of the figures
Solvency
74.3%
Return on assets
-45.3%
Age of the figures
33 mo
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 · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline28-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 09-10-2024, 70 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
70 d late
2022
31 d late
2021
47 d late
2020
90 d late
2019
91 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 66 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€96,471▼ 873%
2022 · -€9,917
Working capital
€152,778▼ 39.6%
2022 · €252,835
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Line20192020202120222023
Operating result€89,645▼ 12.3%€29,318▼ 67.3%€52,911▲ 80.5%-€16,010-€37,584▼ 135%
Net result€43,415▼ 14.9%-€14,105below the sector's middle half€23,630within the sector's middle half-€9,917below the sector's middle half-€96,471below the sector's middle half▼ 873%
Equity€255,087▲ 20.5%€240,981within the sector's middle half▼ 5.5%€264,612within the sector's middle half▲ 9.8%€254,695within the sector's middle half▼ 3.7%€158,224above the sector's middle half▼ 37.9%
Total assets€471,606▲ 21.2%€393,316within the sector's middle half▼ 16.6%€309,884within the sector's middle half▼ 21.2%€310,466within the sector's middle half▲ 0.2%€212,931within the sector's middle half▼ 31.4%
Debt€216,519▲ 22.0%€152,335▼ 29.6%€45,273▼ 70.3%€55,771▲ 23.2%€54,707▼ 1.9%
Working capital€255,649▲ 10.3%€231,027▼ 9.6%€260,479▲ 12.7%€252,835▼ 2.9%€152,778▼ 39.6%
Solvency54.1%▼ 0.3pp61.3%above the sector's middle half▲ 7.2pp85.4%above the sector's middle half▲ 24.1pp82.0%above the sector's middle half▼ 3.4pp74.3%above the sector's middle half▼ 7.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €37,584 in 2023 against €16,010 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €212,931
Fixed assets
€5,446 ▲ 193%
Current assets
€207,485 ▼ 32.8%
Equity and liabilities €212,931
Equity
€158,224 ▼ 37.9%
Debt
€54,707 ▼ 1.9%
Debt's share of the balance-sheet total rises from 18.0% to 25.7%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€35,907▼
2022 · -€13,737
Cash flow
-€94,794▼
2022 · -€7,644
Current ratio
3.79▼
2022 · 5.53
Debt to equity
0.35▲
2022 · 0.22
ROE
-61.0%▼
2022 · -3.9%
ROA
-45.3%▼
2022 · -3.2%
Interest coverage
-0.60▲
2022 · -434.45
Debt ≤ 1 year
€54,707▼
2022 · €55,771
Income taxes
€123▼
2022 · €975
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,810 | €6,390 | €5,821 | €2,273 | €1,677 | ▼ 26.2% |
| Other operating charges640/8 | - | - | €4,805 | €7,723 | €1,470 | ▼ 81.0% |
| Non-recurring operating charges66A | - | - | - | - | €14,255 | - |
| Gross operating margin9900 | €105,793 | €38,588 | €63,538 | -€6,015 | -€20,183 | ▼ 236% |
| Operating profit (loss)9901 | €89,645 | €29,318 | €52,911 | -€16,010 | -€37,584 | ▼ 135% |
| Financial income75/76B | - | - | €814 | €7,100 | €1,109 | ▼ 84.4% |
| Recurring financial income75 | €1,911 | €160 | €814 | €7,100 | €1,109 | ▼ 84.4% |
| Financial charges65/66B | - | - | €21,070 | €32 | €59,873 | ▲ 189,251% |
| Recurring financial charges65 | €25,552 | €16,034 | €21,070 | €32 | €59,873 | ▲ 189,251% |
| Profit (loss) for the period before taxes9903 | €66,003 | €13,445 | €32,655 | -€8,942 | -€96,347 | ▼ 978% |
| Income taxes67/77 | €22,588 | €27,550 | €9,025 | €975 | €123 | ▼ 87.4% |
| Profit (loss) for the period9904 | €43,415 | -€14,105 | €23,630 | -€9,917 | -€96,471 | ▼ 873% |
| Profit (loss) for the period to be appropriated9905 | €43,415 | -€14,105 | €23,630 | -€9,917 | -€96,471 | ▼ 873% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €471,606 | €393,316 | €309,884 | €310,466 | €212,931 | ▼ 31.4% |
| Fixed assets21/28 | €19,438 | €9,954 | €4,133 | €1,860 | €5,446 | ▲ 193% |
| Tangible fixed assets22/27 | €14,484 | €8,094 | €2,273 | - | €3,586 | - |
| Plant, machinery and equipment23 | - | - | €2,273 | - | - | - |
| Furniture and vehicles24 | - | - | - | - | €3,586 | - |
| Financial fixed assets28 | €4,954 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Current assets29/58 | €452,168 | €383,362 | €305,751 | €308,606 | €207,485 | ▼ 32.8% |
| Amounts receivable after more than one year29 | - | - | - | €25,000 | €25,000 | = |
| Other amounts receivable291 | - | - | - | €25,000 | €25,000 | = |
| Stocks and contracts in progress3 | - | €6,953 | €6,183 | €28,276 | - | - |
| Stocks30/36 | - | - | €6,183 | €28,276 | - | - |
| Amounts receivable within one year40/41 | €375,638 | €325,148 | €240,579 | €217,526 | €172,188 | ▼ 20.8% |
| Trade receivables40 | - | - | €229,616 | €196,026 | €154,386 | ▼ 21.2% |
| Other amounts receivable41 | - | - | €10,963 | €21,499 | €17,803 | ▼ 17.2% |
| Cash at bank and in hand54/58 | €76,529 | €51,261 | €57,028 | €29,893 | €8,340 | ▼ 72.1% |
| Deferred charges and accrued income490/1 | - | - | €1,960 | €7,912 | €1,957 | ▼ 75.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €471,606 | €393,316 | €309,884 | €310,466 | €212,931 | ▼ 31.4% |
| Equity10/15 | €255,087 | €240,981 | €264,612 | €254,695 | €158,224 | ▼ 37.9% |
| Contributions10/11 | €6,200 | - | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €20,610 | €20,610 | €20,610 | €20,610 | €20,610 | = |
| Non-distributable reserves130/1 | - | - | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | €1,860 | €1,860 | - | - |
| Tax-exempt reserves132 | - | - | €18,750 | €18,750 | €18,750 | = |
| Distributable reserves133 | - | - | - | - | €1,860 | - |
| Profit (loss) carried forward14 | €228,277 | €214,171 | €237,802 | €227,885 | €131,414 | ▼ 42.3% |
| Amounts payable17/49 | €216,519 | €152,335 | €45,273 | €55,771 | €54,707 | ▼ 1.9% |
| Amounts payable within one year42/48 | €196,519 | €152,335 | €45,273 | €55,771 | €54,707 | ▼ 1.9% |
| Current portion of amounts payable after more than one year42 | - | - | €2,063 | €1,694 | €1,726 | ▲ 1.9% |
| Trade debts44 | €122,413 | €111,298 | €22,084 | €37,581 | €42,031 | ▲ 11.8% |
| Suppliers440/4 | - | - | €22,084 | €37,581 | €42,031 | ▲ 11.8% |
| Taxes, remuneration and social security45 | - | - | €21,125 | €16,496 | €10,950 | ▼ 33.6% |
| Taxes450/3 | - | - | €21,125 | €16,496 | €10,950 | ▼ 33.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,415 | -€14,105 | €23,630 | -€9,917 | -€96,471 | ▼ 873% |
| + Depreciation and write-downs630 | €9,810 | €6,390 | €5,821 | €2,273 | €1,677 | ▼ 26.2% |
| Operating cash flow (approximation) | €53,225 | -€7,716 | €29,452 | -€7,644 | -€94,794 | ▼ 1,140% |
| Investment in fixed assets (approximation) | - | €3,094 | €0 | €0 | -€5,263 | - |
| Change in cash | - | -€25,269 | €5,768 | -€27,135 | -€21,553 | ▲ 20.6% |
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
11-04
KBO administration
Address struck
2024
09-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 70 days late
2023
31-12
Financial
Weakest financial yearnet -€96,471
Net result drops to -€96,471, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
16-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 47 days late
2021
31-12
Financial
Back to profitnet €23,630
Net result €23,630 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 6.75
Current ratio from 2.52 to 6.75; short-term debt falls from €152,335 to €45,273.
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 90 days late
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
25-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 25 days late
2016
29-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 60 days late
2015
31-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
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.
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Directors · office · real estate
Directors
6 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, Nivelles · 1 establishment unit since 2012
Ground area
4,842 m²
Building footprint
2,423 m²
Volume, LiDAR
14,623 m³
Parcel 25782C0642/00C000, Wallonia · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
59
companies at this address
See who is registered here
1 establishment unit
CEA Construct
since 20122.214.081.319
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0642/00C000 | Wallonia | 4,842 m² | 1 · 2,423 m² | 9.6 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 7,300 companies in sector 43350 we hold annual accounts for 2,362. 1,885 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
Founded09-05-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0845924726
Registered
27-09-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.