CE-iT
ActiveFinancials · financial year 2025, micro format
Annual accounts 2025 filed on 30-07-2026 at the NBB all 5 filings
Turnover
≈ €230,000
Estimated: probably between €170,000 and €350,000
Total assets
€341,106▼ 3.2%
2024 · €352,524
Net result
€16,814▼ 51.0%
2024 · €34,293
Working capital
€74,778▲ 24×
2024 · €3,172
Multi-year overview
2021 to 2025, 5 financial yearsOperating result
€28,941
▼ 28.8%
2025
20212025
Net result
€16,814
▼ 51.0%
2025
middle half of the sector
20212025
Equity
€124,520
▲ 15.6%
2025
middle half of the sector
20212025
Total assets
€341,106
▼ 3.2%
2025
highest quarter of the sector
20212025
Debt
€216,587
▼ 11.5%
2025
20212025
Working capital
€74,778
▲ 24×
2025
middle half of the sector
20212025
Solvency
36.5%
▲ 6.0pp
2025
middle half of the sector
20212025
Current ratio
1.60
▲ 0.58
2025
middle half of the sector
20212025
Return on assets (ROA)
4.9%
▼ 4.8pp
2025
middle half of the sector
20212025
Staff (FTE)
1
=
2025
20212025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,870-€88,090▲ 15×€69,307▼ 21.3%€40,652▼ 41.3%€28,941▼ 28.8%
Net result€2,723within the sector's middle half-€66,938above the sector's middle half▲ 25×€53,351above the sector's middle half▼ 20.3%€34,293above the sector's middle half▼ 35.7%€16,814within the sector's middle half▼ 51.0%
Equity€4,723below the sector's middle half-€70,862within the sector's middle half▲ 15×€123,413within the sector's middle half▲ 74.2%€107,706within the sector's middle half▼ 12.7%€124,520within the sector's middle half▲ 15.6%
Total assets€112,770within the sector's middle half-€197,222within the sector's middle half▲ 74.9%€286,357within the sector's middle half▲ 45.2%€352,524above the sector's middle half▲ 23.1%€341,106above the sector's middle half▼ 3.2%
Debt€108,047-€126,361▲ 17.0%€162,944▲ 29.0%€244,818▲ 50.2%€216,587▼ 11.5%
Working capital-€33,441below the sector's middle half-€32,309within the sector's middle half€91,029above the sector's middle half▲ 182%€3,172within the sector's middle half▼ 96.5%€74,778within the sector's middle half▲ 24×
Solvency4.2%below the sector's middle half-35.9%within the sector's middle half▲ 31.7pp43.1%within the sector's middle half▲ 7.2pp30.6%within the sector's middle half▼ 12.5pp36.5%within the sector's middle half▲ 6.0pp
Current ratio0.31below the sector's middle half-1.37within the sector's middle half▲ 1.061.63within the sector's middle half▲ 0.261.01within the sector's middle half▼ 0.611.60within the sector's middle half▲ 0.58
Return on assets (ROA)2.4%within the sector's middle half-33.9%above the sector's middle half▲ 31.5pp18.6%above the sector's middle half▼ 15.3pp9.7%within the sector's middle half▼ 8.9pp4.9%within the sector's middle half▼ 4.8pp
Staff (FTE)0.21▲ 400%1=
above
within
below
The sector band is the middle half of the companies in Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The operating result for 2025 is 29% lower than in 2024. It is the third fall in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €341,106
Fixed assets
€140,820 ▲ 31.7%
Current assets
€200,287 ▼ 18.5%
Equity and liabilities €341,106
Equity
€124,520 ▲ 15.6%
Debt
€216,587 ▼ 11.5%
Debt's share of the balance-sheet total falls from 69.4% to 63.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€69,573▲
2024 · €59,164
Cash flow
€57,446▲
2024 · €52,805
Debt to equity
1.74▼
2024 · 2.27
ROE
13.5%▼
2024 · 31.8%
Interest coverage
5.87▼
2024 · 32.46
Debt ≤ 1 year
€125,509▼
2024 · €242,443
Debt > 1 year
€91,077▲
2024 · €2,375
Income taxes
€4,933▼
2024 · €8,563
Staff costs
€20,086▲
2024 · €17,143
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|
| Employees at the balance-sheet date | 1 | 1 | 1 |
| full-time | 0 | - | - |
| part-time | 1 | 1 | 1 |
| in full-time equivalents | 0.1 | 0.3 | 0.3 |
| Average over the year, in full-time equivalents | 0.1 | 0.3 | 0.3 |
| On a permanent contract | 1 | 1 | 1 |
| Joined | 1 | - | - |
| Left | 0 | - | - |
Source: social balance sheet in the 2023 to 2025 annual accounts
Overdue debts
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Overdue tax debts | - | - | - | - | €3,046 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €106,289 | €3,120 | €11,672 | €75,500 | €74,543 |
| Financial fixed assets | - | €900 | - | - | - |
| Depreciation and write-downs of the year | €8,621 | €23,910 | €16,316 | €18,512 | €40,632 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Subsidies and aid
Flemish government
2025 · 1 entry · €554 awarded · €554 paidAnnual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €2,412 | €17,143 | €20,086 | ▲ 17.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,621 | €23,910 | €16,316 | €18,512 | €40,632 | ▲ 119% |
| Other operating charges640/8 | €1,613 | €3,441 | €7,225 | €3,394 | €4,987 | ▲ 46.9% |
| Gross operating margin9900 | €16,104 | €115,442 | €95,261 | €79,701 | €94,646 | ▲ 18.8% |
| Operating profit (loss)9901 | €5,870 | €88,090 | €69,307 | €40,652 | €28,941 | ▼ 28.8% |
| Financial income75/76B | - | €585 | €1,783 | €4,027 | €4,661 | ▲ 15.7% |
| Recurring financial income75 | - | €585 | €1,783 | €4,027 | €4,661 | ▲ 15.7% |
| Financial charges65/66B | €919 | €2,421 | €2,340 | €1,822 | €11,855 | ▲ 550% |
| Recurring financial charges65 | €919 | €2,421 | €2,340 | €1,822 | €11,855 | ▲ 550% |
| Profit (loss) for the period before taxes9903 | €4,951 | €86,255 | €68,750 | €42,856 | €21,747 | ▼ 49.3% |
| Income taxes67/77 | €2,228 | €19,317 | €15,399 | €8,563 | €4,933 | ▼ 42.4% |
| Profit (loss) for the period9904 | €2,723 | €66,938 | €53,351 | €34,293 | €16,814 | ▼ 51.0% |
| Profit (loss) for the period to be appropriated9905 | €2,723 | €66,938 | €53,351 | €34,293 | €16,814 | ▼ 51.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112,770 | €197,222 | €286,357 | €352,524 | €341,106 | ▼ 3.2% |
| Fixed assets21/28 | €97,669 | €77,779 | €49,922 | €106,909 | €140,820 | ▲ 31.7% |
| Tangible fixed assets22/27 | €97,669 | €76,879 | €49,922 | €106,909 | €140,820 | ▲ 31.7% |
| Plant, machinery and equipment23 | €3,027 | €5,126 | €6,560 | €7,758 | €8,089 | ▲ 4.3% |
| Furniture and vehicles24 | €33,869 | €23,345 | €7,319 | €75,472 | €121,416 | ▲ 60.9% |
| Leasing and similar rights25 | €60,772 | €48,407 | €36,043 | €23,679 | €11,314 | ▼ 52.2% |
| Financial fixed assets28 | - | €900 | - | - | - | - |
| Current assets29/58 | €15,101 | €119,444 | €236,435 | €245,615 | €200,287 | ▼ 18.5% |
| Amounts receivable within one year40/41 | €12,314 | €111,108 | €230,376 | €242,641 | €197,009 | ▼ 18.8% |
| Trade receivables40 | €8,885 | €91,547 | €161,356 | €140,105 | €115,235 | ▼ 17.8% |
| Other amounts receivable41 | €3,429 | €19,561 | €69,020 | €102,536 | €81,774 | ▼ 20.2% |
| Cash at bank and in hand54/58 | €377 | €5,465 | €3,595 | - | €401 | - |
| Deferred charges and accrued income490/1 | €2,410 | €2,871 | €2,463 | €2,974 | €2,877 | ▼ 3.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112,770 | €197,222 | €286,357 | €352,524 | €341,106 | ▼ 3.2% |
| Equity10/15 | €4,723 | €70,862 | €123,413 | €107,706 | €124,520 | ▲ 15.6% |
| Contributions10/11 | €2,000 | €2,000 | €2,000 | €2,000 | €2,000 | = |
| Profit (loss) carried forward14 | €2,723 | €68,862 | €121,413 | €105,706 | €122,520 | ▲ 15.9% |
| Amounts payable17/49 | €108,047 | €126,361 | €162,944 | €244,818 | €216,587 | ▼ 11.5% |
| Amounts payable after more than one year17 | €59,504 | €39,226 | €17,537 | €2,375 | €91,077 | ▲ 38× |
| Financial debts170/4 | €59,504 | €39,226 | €17,537 | €2,375 | €91,077 | ▲ 38× |
| Amounts payable within one year42/48 | €48,543 | €87,134 | €145,406 | €242,443 | €125,509 | ▼ 48.2% |
| Current portion of amounts payable after more than one year42 | €15,665 | €20,278 | €21,689 | €17,867 | €32,219 | ▲ 80.3% |
| Financial debts43 | - | - | - | €5,282 | €9,941 | ▲ 88.2% |
| Credit institutions430/8 | - | - | - | €5,282 | €9,941 | ▲ 88.2% |
| Trade debts44 | €4,604 | €42,337 | €95,364 | €159,263 | €74,335 | ▼ 53.3% |
| Suppliers440/4 | €4,604 | €42,337 | €95,364 | €159,263 | €74,335 | ▼ 53.3% |
| Taxes, remuneration and social security45 | €2,228 | €23,719 | €27,553 | €10,031 | €9,014 | ▼ 10.1% |
| Taxes450/3 | €2,228 | €21,544 | €24,715 | €7,916 | €3,046 | ▼ 61.5% |
| Remuneration and social security454/9 | - | €2,175 | €2,838 | €2,115 | €5,967 | ▲ 182% |
| Other amounts payable47/48 | €26,045 | €800 | €800 | €50,000 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,723 | €66,938 | €53,351 | €34,293 | €16,814 | ▼ 51.0% |
| + Depreciation and write-downs630 | €8,621 | €23,910 | €16,316 | €18,512 | €40,632 | ▲ 119% |
| Operating cash flow (approximation) | €11,344 | €90,848 | €69,668 | €52,805 | €57,446 | ▲ 8.8% |
| Investment in fixed assets (approximation) | - | -€4,020 | €11,541 | -€75,500 | -€74,543 | ▲ 1.3% |
| Change in cash | - | €5,088 | -€1,870 | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 5,047 companies had the same profile as CE-iT has now. Two years later, 93.9% were still going and 2.2% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
93.9%
was still going
3.8%
stopped otherwise
2.2%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of CE-iT itself: 1.6% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,047 companies, not a prediction for CE-iT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (5)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-07-2026 | 2026-00355814 | |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00331429 | |
| 31-12-2023 | micro format | 28-07-2024 | 2024-00293223 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00395376 | |
| 31-12-2021 | micro format | 29-07-2022 | 2022-20261486 |