CE & BE
ActiveSummary
CE & BE has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,333 and a net result of €480. Its solvency ranks better than 25% of 49 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability45▼-51
Solvency45▼-13
Growth52
Track record82
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.37 against 1.41 in 2024; short-term debt: 59.3% and cash: 6.2% of total assets), and 80% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 36
Relative position
BE, all sectors
reference
Water collection, treatment and supply (NACE 36)
about 28% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 25% of 49 sector peers (2025).
NBB · sector comparisonPosition among 49 sector peers
Solvency
better than 25%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-06-2026, 61 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 · 2 filingsDeviation from the deadline
2025
61 d late
2024
23 d late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 2 accounts on average 42 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€15,333▲ 3.2%
2024 · €14,853
Total assets
€76,705▲ 71.1%
2024 · €44,828
Net result
€480▼ 95.1%
2024 · €9,853
Working capital
-€28,870
2024 · €12,182
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
Line20242025
Operating result€12,671-€5,087▼ 59.9%
Net result€9,853-€480▼ 95.1%
Equity€14,853-€15,333▲ 3.2%
Total assets€44,828-€76,705▲ 71.1%
Debt€29,975-€61,372▲ 105%
Working capital€12,182--€28,870
Staff (FTE)0.5
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 2025; 2025 is 60% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76,705
Fixed assets
€60,078 ▲ 2,150%
Current assets
€16,627 ▼ 60.6%
Equity and liabilities €76,705
Equity
€15,333 ▲ 3.2%
Debt
€61,372 ▲ 105%
Debt's share of the balance-sheet total rises from 66.9% to 80.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€9,424▼
2024 · €13,889
Cash flow
€4,818▼
2024 · €11,071
Current ratio
0.37▼
2024 · 1.41
Debt to equity
4.00▲
2024 · 2.02
ROE
3.1%▼
2024 · 66.3%
ROA
0.6%▼
2024 · 22.0%
Interest coverage
3.03▼
2024 · 118.21
Debt ≤ 1 year
€45,497▲
2024 · €29,975
Debt > 1 year
€15,875
Income taxes
€1,498▼
2024 · €2,701
Staff costs
€16,775
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,541 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 95% are still going.
- Micro
- 2 to 5 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
3.3%
went bankrupt
1.1%
stopped otherwise
95%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.9% 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 2,541 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 | 2024 | 2025 | Change |
|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | €72,002 | - | - |
| Remuneration, social security and pensions62 | - | €16,775 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,218 | €4,338 | ▲ 256% |
| Other operating charges640/8 | €200 | €777 | ▲ 288% |
| Gross operating margin9900 | €14,089 | €26,976 | ▲ 91.5% |
| Operating profit (loss)9901 | €12,671 | €5,087 | ▼ 59.9% |
| Financial income75/76B | - | €3 | - |
| Recurring financial income75 | - | €3 | - |
| Financial charges65/66B | €118 | €3,112 | ▲ 2,549% |
| Recurring financial charges65 | €118 | €3,112 | ▲ 2,549% |
| Profit (loss) for the period before taxes9903 | €12,554 | €1,978 | ▼ 84.2% |
| Income taxes67/77 | €2,701 | €1,498 | ▼ 44.5% |
| Profit (loss) for the period9904 | €9,853 | €480 | ▼ 95.1% |
| Profit (loss) for the period to be appropriated9905 | €9,853 | €480 | ▼ 95.1% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €44,828 | €76,705 | ▲ 71.1% |
| Fixed assets21/28 | €2,670 | €60,078 | ▲ 2,150% |
| Tangible fixed assets22/27 | €1,170 | €58,578 | ▲ 4,905% |
| Plant, machinery and equipment23 | €1,170 | €13,114 | ▲ 1,020% |
| Furniture and vehicles24 | - | €19,988 | - |
| Leasing and similar rights25 | - | €25,476 | - |
| Financial fixed assets28 | €1,500 | €1,500 | = |
| Current assets29/58 | €42,158 | €16,627 | ▼ 60.6% |
| Amounts receivable within one year40/41 | €39,936 | €5,824 | ▼ 85.4% |
| Trade receivables40 | €38,316 | €5,640 | ▼ 85.3% |
| Other amounts receivable41 | €1,621 | €184 | ▼ 88.6% |
| Cash at bank and in hand54/58 | €2,221 | €4,758 | ▲ 114% |
| Deferred charges and accrued income490/1 | - | €6,045 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €44,828 | €76,705 | ▲ 71.1% |
| Equity10/15 | €14,853 | €15,333 | ▲ 3.2% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €9,853 | €10,333 | ▲ 4.9% |
| Amounts payable17/49 | €29,975 | €61,372 | ▲ 105% |
| Amounts payable after more than one year17 | - | €15,875 | - |
| Financial debts170/4 | - | €15,875 | - |
| Amounts payable within one year42/48 | €29,975 | €45,497 | ▲ 51.8% |
| Current portion of amounts payable after more than one year42 | - | €4,733 | - |
| Trade debts44 | €9,577 | €20,576 | ▲ 115% |
| Suppliers440/4 | €9,577 | €20,576 | ▲ 115% |
| Taxes, remuneration and social security45 | €19,586 | €12,045 | ▼ 38.5% |
| Taxes450/3 | €2,701 | €1,538 | ▼ 43.1% |
| Remuneration and social security454/9 | €16,885 | €10,508 | ▼ 37.8% |
| Other amounts payable47/48 | €813 | €8,142 | ▲ 902% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €9,853 | €480 | ▼ 95.1% |
| + Depreciation and write-downs630 | €1,218 | €4,338 | ▲ 256% |
| Operating cash flow (approximation) | €11,071 | €4,818 | ▼ 56.5% |
| Investment in fixed assets (approximation) | - | -€61,745 | - |
| Change in cash | - | €2,537 | - |
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
09-09
State Gazette act
Registered-office move · General meetingDirector in office3 facts ▸
State Gazette act
Registered-office move · General meeting
Director in office3 facts ▸
- Registered-office move, Frans Van Ryhovelaan 289A,9000 Gent
- General meeting, 27-08-2026
- Director in office, Enes Ceylan (director)
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 61 days late
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
State Gazette actNBB filing
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2023
Ground area
182 m²
Building footprint
170 m²
Volume, LiDAR
1,271 m³
Parcel 44810K0177/00S003, Flanders · tallest building 12.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CE & BE
since 20232.350.081.059
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44810K0177/00S003 | Flanders | 182 m² | 1 · 170 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.
Recognitions · licences · registrations
Recognised contractor
2 categoriesCE & BE BV43310
Similar companies · same sector, comparable size
O-Claire
BE 0788.397.291
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LA FUITE
BE 0754.475.205
Plombières · Eq €16,089
Pb Water Treatment Services
BE 0719.724.360
Tongeren-Borgloon · Eq €16,418
BURON
BE 0877.341.244
Mouscron · Eq €11,260
Missing Link Group
BE 0545.939.259
Jette · Eq €26,520
Of 135 companies in sector 36000 we hold annual accounts for 69. 25 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
Founded02-10-2023
Fiscal year end30-09
Activities, NACEBEL 2025
36000Water collection, treatment and supply
43120Site preparation
43211General electrical installation work
43222Installation of electric heating, air conditioning, cooling and ventilation
Contact
E-mail
cebebv@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:1000571529
Registered
16-06-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.