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CE.EST

Active
Private limited company (pre-2019)founded 20188 yrs activeHaachtsesteenweg 707, 1030 Schaarbeek, BelgiumKBO/BCE: BE 0687.906.776
Summary

The computed 12-month bankruptcy probability of CE.EST is 2.4% (moderate). The 2024 annual accounts show equity of €30,570 and a net result of €16,562. Equity is growing by ~11.4% per year across the filed fiscal years. The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+100
Solvency100=
Growth85▲+50
Track record100
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 39.19 against 9.16 in 2023; short-term debt: 2.6% of total assets), and 2.6% of the assets are financed with debt.
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Signals

Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-10-2025, 77 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 · 5 filings
Deviation from the deadline
2025
not confirmed
2024
77 d late
2023
100 d late
2022
351 d late
2019
244 d late
2018
292 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 213 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 (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 12 January 2018, CE.EST was incorporated.1 Revenue went from EUR 4,850 in 2022 to EUR 100,014 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2022 and 2024

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Financials · fiscal year 2024, micro schema

Turnover
€100,014▲ 8,235%
2023 · €1,200
EBIT margin
16.8%▲ 207.2pp
2023 · -190.3%
Net result
€16,562
2023 · -€2,439
Working capital
€30,570▲ 118%
2023 · €14,008
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
Line20182019202220232024
Turnover€0-€4,850-€1,200▼ 75.3%€100,014▲ 8,235%
Operating result-€1,300-€471€2,270--€2,284€16,844
Net result-€1,300-€471€2,106--€2,439€16,562
EBIT margin46.8%--190.3%▼ 237.1pp16.8%▲ 207.2pp
Equity€11,100-€11,571▲ 4.2%€16,447-€14,008▼ 14.8%€30,570▲ 118%
Total assets€12,400-€12,871▲ 3.8%€17,982-€15,725▼ 12.6%€31,370▲ 99.5%
Debt€1,300-€1,300=€1,535-€1,717▲ 11.9%€800▼ 53.4%
Working capital€11,100-€11,571▲ 4.2%€16,447-€14,008▼ 14.8%€30,570▲ 118%
Result per fiscal year
Operating resultNet result
-€5,000€0€5,000€10,000€15,000Operating result 2018: -€1,300-€1,300Net result 2018: -€1,300-€1,300Operating result 2019: €471€471Net result 2019: €471€471Operating result 2022: €2,270€2,270Net result 2022: €2,106€2,106Operating result 2023: -€2,284-€2,284Net result 2023: -€2,439-€2,439Operating result 2024: €16,844€16,844Net result 2024: €16,562€16,56220182019202220232024-€5,000€0€5,000€10,000€15,000Operating result 2022: €2,270€2,270Net result 2022: €2,106€2,110Operating result 2023: -€2,284-€2,280Net result 2023: -€2,439-€2,440Operating result 2024: €16,844€16,800Net result 2024: €16,562€16,600202220232024
The operating result returns to profit in 2024: €16,844 after a loss of €2,284 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €31,370
Equity €30,570 ▲ 118%
Debt €800 ▼ 53.4%
Debt's share of the balance-sheet total falls from 10.9% to 2.6%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
Current ratio
39.19▲
2023 · 9.16
Debt to equity
0.03▼
2023 · 0.12
ROE
54.2%▲
2023 · -17.4%
ROA
52.8%▲
2023 · -15.5%
Debt ≤ 1 year
€800▼
2023 · €1,717
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.6% went bankrupt
3.4% stopped otherwise
95% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 2.4% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 26,975 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
Filed annual accounts As filed with the NBB · 2024 against 2023 · 33 lines
Balance sheet Code20232024
Assets
Total assets20/58€15,725€31,370▲
Current assets29/58€15,725€31,370▲
Amounts receivable within one year40/41€10,345€11,850▲
Trade receivables40€990-
Other amounts receivable41€9,355€11,850▲
Current investments50/53-€5,394
Cash at bank and in hand54/58€5,380-
Deferred charges and accrued income490/1-€14,126
Equity and liabilities
Total equity and liabilities10/49€15,725€31,370▲
Equity10/15€14,008€30,570▲
Contributions10/11€12,400€12,400=
Capital10€12,400€12,400=
Issued capital100€18,600€18,600=
Uncalled capital101€6,200€6,200=
Profit (loss) carried forward14€1,608€18,170▲
Amounts payable17/49€1,717€800▼
Amounts payable within one year42/48€1,717€800▼
Trade debts44€1,506€590▼
Suppliers440/4€1,506€590▼
Taxes, remuneration and social security45€211€211▼
Taxes450/3€211€211▼
Income statement Code20232024
Turnover70€1,200€100,014▲
Goods, raw materials, services and sundry goods60/61€2,975€83,170▲
Other operating charges640/8€509-
Gross operating margin9900-€1,775€16,844▲
Operating profit (loss)9901-€2,284€16,844▲
Financial charges65/66B€155€283▲
Recurring financial charges65€155€283▲
Profit (loss) for the period before taxes9903-€2,439€16,562▲
Profit (loss) for the period9904-€2,439€16,562▲
Profit (loss) for the period to be appropriated9905-€2,439€16,562▲
Appropriation of the result
Profit (loss) to be appropriated9906€1,608€18,170▲
Profit (loss) brought forward from the previous period14P€4,047€1,608▼
Line20182019202220232024Change
Turnover70€0-€4,850€1,200€100,014▲ 8,235%
Goods, raw materials, services and sundry goods60/61--€2,107€2,975€83,170▲ 2,696%
Remuneration, social security and pensions62--€463---
Other operating charges640/8--€10€509--
Gross operating margin9900-€1,300€471€2,743-€1,775€16,844▲ 1,049%
Operating profit (loss)9901-€1,300€471€2,270-€2,284€16,844▲ 837%
Financial charges65/66B--€164€155€283▲ 82.3%
Recurring financial charges65--€164€155€283▲ 82.3%
Profit (loss) for the period before taxes9903-€1,300€471€2,106-€2,439€16,562▲ 779%
Profit (loss) for the period9904-€1,300€471€2,106-€2,439€16,562▲ 779%
Profit (loss) for the period to be appropriated9905-€1,300€471€2,106-€2,439€16,562▲ 779%
Line20182019202220232024Change
Assets
Total assets20/58€12,400€12,871€17,982€15,725€31,370▲ 99.5%
Current assets29/58€12,400€12,871€17,982€15,725€31,370▲ 99.5%
Amounts receivable within one year40/41-€12,870€12,557€10,345€11,850▲ 14.6%
Trade receivables40--€2,390€990--
Other amounts receivable41--€10,167€9,355€11,850▲ 26.7%
Current investments50/53----€5,394-
Cash at bank and in hand54/58€12,400€1€5,425€5,380--
Deferred charges and accrued income490/1----€14,126-
Equity and liabilities
Total equity and liabilities10/49€12,400€12,871€17,982€15,725€31,370▲ 99.5%
Equity10/15€11,100€11,571€16,447€14,008€30,570▲ 118%
Contributions10/11€12,400€12,400€12,400€12,400€12,400=
Capital10---€12,400€12,400=
Issued capital100---€18,600€18,600=
Uncalled capital101---€6,200€6,200=
Outside capital11--€12,400---
Other1109/19--€12,400---
Profit (loss) carried forward14-€1,300-€829€4,047€1,608€18,170▲ 1,030%
Amounts payable17/49€1,300€1,300€1,535€1,717€800▼ 53.4%
Amounts payable within one year42/48€1,300€1,300€1,535€1,717€800▼ 53.4%
Trade debts44€1,300€1,300€1,071€1,506€590▼ 60.8%
Suppliers440/4--€1,071€1,506€590▼ 60.8%
Taxes, remuneration and social security45--€464€211€211▼ 0.2%
Taxes450/3---€211€211▼ 0.2%
Remuneration and social security454/9--€464---
Line20182019202220232024Change
Profit (loss) for the period9904-€1,300€471€2,106-€2,439€16,562▲ 779%
Operating cash flow (approximation)-€1,300€471€2,106-€2,439€16,562▲ 779%
Change in cash--€12,399--€45--

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
16-10
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 77 days late
2024
31-12
Financial Back to profitnet €16,562
Net result €16,562 after one loss-making year.
31-12
Financial Liquidity quadruplescurrent ratio 39.19
Current ratio from 9.16 to 39.19; short-term debt falls from €1,717 to €800.
08-11
NBB filing Annual accounts filed
fiscal year 2023 · full schema · 100 days late
16-07
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 351 days late
2023
31-12
Financial Weakest financial yearnet -€2,439
Net result drops to -€2,439, the lowest in the series; recovery starts the following year.
2021
01-04
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 244 days late
2020
18-05
NBB filing Annual accounts filed
fiscal year 2018 · full schema · 292 days late
2019
31-12
Financial Back to profitnet €471
Net result €471 after one loss-making year.
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, Schaarbeek
exact location from the address register On OpenStreetMap
Ground area
173 m²
Building footprint
139 m²
Volume, LiDAR
1,780 m³
Parcel 21902A0267/00R004, Brussels · tallest building 14.3 m, ±4 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21902A0267/00R004 Brussels 173 m² 1 · 139 m² 14.3 m · 4 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.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded12-01-2018
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.