CE CONSTRUCT
ActiveSummary
CE CONSTRUCT has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €328,480 and a net result of €80,256. Equity is growing by ~9% per year across the filed fiscal years. Its solvency ranks better than 93% of 9974 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability95▲+11
Solvency100▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 12.59 against 3.52 in 2023; short-term debt: 7.2% of total assets), and 12.5% 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
Three 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 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
87.5%
Return on assets
21.4%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-10-2025, 90 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 · 9 filingsDeviation from the deadline
2025
not confirmed
2024
90 d late
2023
31 d late
2022
114 d late
2021
367 d late
2020
159 d late
2019
1 d early
← 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 127 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 46% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, micro schema
In the rankings
#9 company by equity in Wemmel, Construction sector
Equity
€328,480▲ 32.3%
2023 · €248,225
Total assets
€375,619▲ 9.2%
2023 · €343,980
Net result
€80,256▲ 85.8%
2023 · €43,201
Working capital
€315,348▲ 30.8%
2023 · €241,066
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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-€21,571€43,195-€3,107€55,700€81,430▲ 46.2%
Net result-€30,983below the sector's middle half€42,345above the sector's middle half-€3,769below the sector's middle half€43,201above the sector's middle half€80,256above the sector's middle half▲ 85.8%
Equity€166,447above the sector's middle half▼ 15.7%€208,793above the sector's middle half▲ 25.4%€205,024above the sector's middle half▼ 1.8%€248,225above the sector's middle half▲ 21.1%€328,480above the sector's middle half▲ 32.3%
Total assets€329,028above the sector's middle half▼ 23.0%€252,538within the sector's middle half▼ 23.2%€249,138within the sector's middle half▼ 1.3%€343,980above the sector's middle half▲ 38.1%€375,619above the sector's middle half▲ 9.2%
Debt€162,581▼ 29.3%€43,745▼ 73.1%€44,114▲ 0.8%€95,755▲ 117%€47,138▼ 50.8%
Working capital€253,740▼ 22.1%€207,663▼ 18.2%€198,487▼ 4.4%€241,066▲ 21.5%€315,348▲ 30.8%
Solvency50.6%within the sector's middle half▲ 4.4pp82.7%above the sector's middle half▲ 32.1pp82.3%above the sector's middle half▼ 0.4pp72.2%above the sector's middle half▼ 10.1pp87.5%above the sector's middle half▲ 15.3pp
Staff (FTE)2.2within the sector's middle half▼ 55.1%
above
within
below
the middle half (P25 to P75) of NACE 41, Construction of residential and non-residential buildings, 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
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 46% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €375,619
Fixed assets
€33,057 ▲ 362%
Current assets
€342,561 ▲ 1.7%
Equity and liabilities €375,619
Equity
€328,480 ▲ 32.3%
Debt
€47,138 ▼ 50.8%
Debt's share of the balance-sheet total falls from 27.8% to 12.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€84,921▲
2023 · €56,170
Cash flow
€83,746▲
2023 · €43,671
Current ratio
12.59▲
2023 · 3.52
Debt to equity
0.14▼
2023 · 0.39
ROE
24.4%▲
2023 · 17.4%
ROA
21.4%▲
2023 · 12.6%
Interest coverage
135.54▲
2023 · 107.73
Debt ≤ 1 year
€27,213▼
2023 · €95,755
Debt > 1 year
€19,925
Income taxes
€548▼
2023 · €11,981
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,672 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.9%
stopped otherwise
95%
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: 0.9% 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 497,058 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% | 1.6% |
| 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 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 34,672 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 | - | - | €9,552 | - | - | - |
| Remuneration, social security and pensions62 | - | €138 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10,413 | - | €262 | €470 | €3,491 | ▲ 643% |
| Other operating charges640/8 | - | €3,150 | €488 | €1,819 | €180 | ▼ 90.1% |
| Non-recurring operating charges66A | - | €5,502 | - | - | - | - |
| Gross operating margin9900 | €31,247 | €51,985 | -€2,357 | €57,989 | €85,101 | ▲ 46.8% |
| Operating profit (loss)9901 | -€21,571 | €43,195 | -€3,107 | €55,700 | €81,430 | ▲ 46.2% |
| Financial income75/76B | - | €1 | - | €3 | - | - |
| Recurring financial income75 | €3 | €1 | - | €3 | - | - |
| Financial charges65/66B | - | €658 | €661 | €521 | €627 | ▲ 20.2% |
| Recurring financial charges65 | €9,415 | €658 | €661 | €521 | €627 | ▲ 20.2% |
| Profit (loss) for the period before taxes9903 | -€30,983 | €42,538 | -€3,769 | €55,182 | €80,804 | ▲ 46.4% |
| Income taxes67/77 | - | €192 | - | €11,981 | €548 | ▼ 95.4% |
| Profit (loss) for the period9904 | -€30,983 | €42,345 | -€3,769 | €43,201 | €80,256 | ▲ 85.8% |
| Profit (loss) for the period to be appropriated9905 | -€30,983 | €42,345 | -€3,769 | €43,201 | €80,256 | ▲ 85.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €329,028 | €252,538 | €249,138 | €343,980 | €375,619 | ▲ 9.2% |
| Fixed assets21/28 | €22,259 | €5,931 | €6,537 | €7,159 | €33,057 | ▲ 362% |
| Tangible fixed assets22/27 | €22,259 | - | €605 | €1,228 | €27,126 | ▲ 2,109% |
| Furniture and vehicles24 | - | - | €605 | €1,228 | €27,126 | ▲ 2,109% |
| Financial fixed assets28 | - | €5,931 | €5,931 | €5,931 | €5,931 | = |
| Current assets29/58 | €306,769 | €246,606 | €242,602 | €336,821 | €342,561 | ▲ 1.7% |
| Amounts receivable after more than one year29 | - | - | €204,041 | €204,041 | €204,041 | = |
| Other amounts receivable291 | - | - | €204,041 | €204,041 | €204,041 | = |
| Stocks and contracts in progress3 | €60,000 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €30,880 | €245,351 | €38,560 | €132,780 | €138,520 | ▲ 4.3% |
| Trade receivables40 | - | €37,770 | €38,560 | €87,919 | €51,580 | ▼ 41.3% |
| Other amounts receivable41 | - | €207,581 | - | €44,861 | €86,940 | ▲ 93.8% |
| Cash at bank and in hand54/58 | €215,516 | €1,255 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €329,028 | €252,538 | €249,138 | €343,980 | €375,619 | ▲ 9.2% |
| Equity10/15 | €166,447 | €208,793 | €205,024 | €248,225 | €328,480 | ▲ 32.3% |
| Contributions10/11 | - | €200,000 | €200,000 | €200,000 | €200,000 | = |
| Profit (loss) carried forward14 | -€33,553 | €8,793 | €5,024 | €48,225 | €128,480 | ▲ 166% |
| Amounts payable17/49 | €162,581 | €43,745 | €44,114 | €95,755 | €47,138 | ▼ 50.8% |
| Amounts payable after more than one year17 | €109,552 | €4,802 | - | - | €19,925 | - |
| Financial debts170/4 | - | €4,802 | - | - | €19,925 | - |
| Amounts payable within one year42/48 | €53,029 | €38,943 | €44,114 | €95,755 | €27,213 | ▼ 71.6% |
| Current portion of amounts payable after more than one year42 | - | €4,750 | - | - | - | - |
| Financial debts43 | - | - | €302 | €4,982 | €4,491 | ▼ 9.9% |
| Credit institutions430/8 | - | - | €302 | €4,982 | €4,491 | ▼ 9.9% |
| Trade debts44 | €37,437 | €21,766 | €27,171 | €68,542 | €17,691 | ▼ 74.2% |
| Suppliers440/4 | - | €21,766 | €27,171 | €68,542 | €17,691 | ▼ 74.2% |
| Advances received on contracts in progress46 | - | €4,031 | €4,031 | €4,031 | €4,031 | = |
| Taxes, remuneration and social security45 | - | €2,802 | €12,610 | €18,200 | €1,000 | ▼ 94.5% |
| Taxes450/3 | - | €2,802 | €12,610 | €18,200 | €1,000 | ▼ 94.5% |
| Other amounts payable47/48 | - | €5,594 | - | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,983 | €42,345 | -€3,769 | €43,201 | €80,256 | ▲ 85.8% |
| + Depreciation and write-downs630 | €10,413 | - | €262 | €470 | €3,491 | ▲ 643% |
| Operating cash flow (approximation) | -€20,570 | €42,345 | -€3,506 | €43,671 | €83,746 | ▲ 91.8% |
| Investment in fixed assets (approximation) | - | €16,328 | -€868 | -€1,093 | -€29,389 | ▼ 2,589% |
| Change in cash | - | -€214,261 | - | - | - | - |
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
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 90 days late
2024
31-12
Financial
Highest result since 2018net €80,256 ▲85.8%
Operating result €81,430, net result €80,256, both a record.
31-12
Financial
Liquidity quadruplescurrent ratio 12.59
Current ratio from 3.52 to 12.59; short-term debt falls from €95,755 to €27,213.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
2023
31-12
Financial
Back to profitnet €43,201
Net result €43,201 after one loss-making year.
22-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 114 days late
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 367 days late
2022
06-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 159 days late
2021
31-12
Financial
Back to profitnet €42,345
Net result €42,345 after one loss-making year.
31-12
Financial
Equity above €200,000Eq €208,793 ▲25.4%
Equity rises from €166,447 to €208,793.
2020
31-12
Financial
Weakest financial yearnet -€30,983
Net result drops to -€30,983, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-12
Financial
Back to profitnet €10,900
Net result €10,900 after one loss-making year.
27-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 58 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
Financial 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, Wemmel · 1 establishment unit since 2015
Ground area
1,639 m²
Building footprint
694 m²
Volume, LiDAR
7,858 m³
2 parcels, Brussels, Flanders · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.
142
companies at this address
See who is registered here
1 establishment unit
CE CONSTRUCT
since 20152.248.386.358
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22662B0408/00S005 | Flanders | 1,531 m² | 1 · 587 m² | 13.9 m · 4 fl. |
| 21363B0318/00G021 | Brussels | 108 m² | 1 · 107 m² | 13.0 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 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 29,787 companies in sector 41001 we hold annual accounts for 16,052. 10,735 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)
Founded03-09-2015
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43120Site preparation
43310Plastering work
43910Bricklaying and masonry work
E-invoicing
Reachable via Peppol
Peppol ID
0208:0636751055
Also
9925:BE0636751055
Registered
27-07-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.