CE & SONS
ActiveSummary
The computed 12-month bankruptcy probability of CE & SONS is 3.1% (moderate). The 2024 annual accounts show equity of €116k and a net result of €-19k. Equity is growing by ~11.3% per year across the filed fiscal years. Its solvency ranks better than 69% of 36375 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability6▼-72
Solvency89▼-11
Growth52=
Track record100
Bankruptcy probability, 12 months
3.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 2.28 against 5.08 in 2023; short-term debt: 36.4% and cash: 54.1% of total assets), and 36.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 2024Solvency, return and age of the figures
Solvency
63.6%
Return on assets
-10.4%
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 30-09-2025, 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
46 d late
2022
87 d late
2021
31 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€116k▼ 14.0%
2023 · €135k
2021: €71klowest in 4 years
2022: €123k▲ +71.7% vs 2021
2023: €135k▲ +9.8% vs 2022highest in 4 years
2024: €116k▼ -14.0% vs 2023
2021 → 2024
Total assets
€182k▲ 15.0%
2023 · €158k
2021: €98klowest in 4 years
2022: €180k▲ +82.6% vs 2021
2023: €158k▼ -11.9% vs 2022
2024: €182k▲ +15.0% vs 2023highest in 4 years
2021 → 2024
Net result
€-19k
2023 · €12k
2021: €70khighest in 4 years
2022: €51k▼ -27.3% vs 2021
2023: €12k▼ -76.5% vs 2022
2024: €-19k▼ -256% vs 2023lowest in 4 years
2021 → 2024
Working capital
€85k▼ 11.6%
2023 · €96k
2021: €33klowest in 4 years
2022: €90k▲ +170% vs 2021
2023: €96k▲ +7.0% vs 2022highest in 4 years
2024: €85k▼ -11.6% vs 2023
2021 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2021202220232024Trend
Equity€71k-€123k▲ 71.7%€135k▲ 9.8%€116k▼ 14.0%
2021: €71klowest in 4 years
2022: €123k▲ +71.7% vs 2021
2023: €135k▲ +9.8% vs 2022highest in 4 years
2024: €116k▼ -14.0% vs 2023
Operating result€88k-€66k▼ 25.8%€17k▼ 73.3%€-17k
2021: €88khighest in 4 years
2022: €66k▼ -25.8% vs 2021
2023: €17k▼ -73.3% vs 2022
2024: €-17k▼ -196% vs 2023lowest in 4 years
Net result€70k-€51k▼ 27.3%€12k▼ 76.5%€-19k
2021: €70khighest in 4 years
2022: €51k▼ -27.3% vs 2021
2023: €12k▼ -76.5% vs 2022
2024: €-19k▼ -256% vs 2023lowest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €17k after €17k in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €182k
Fixed assets
€31k ▼ 19.9%
Current assets
€151k ▲ 26.3%
Equity and liabilities €182k
Equity
€116k ▼ 14.0%
Debt
€66k ▲ 181%
Debt's share of the balance-sheet total rises from 14.9% to 36.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-3k▼
2023 · €30k
Cash flow
€-5k▼
2023 · €25k
Current ratio
2.28▼
2023 · 5.08
Debt to equity
0.57▲
2023 · 0.17
ROE
-16.3%▼
2023 · 9.0%
ROA
-10.4%▼
2023 · 7.6%
Interest coverage
-1.63▼
2023 · 17.56
Debt ≤ 1 year
€66k▲
2023 · €24k
Income taxes
€187▼
2023 · €4k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 37 lines
Balance sheet
Code20232024
Assets
Total assets20/58€158k€182k▲
Fixed assets21/28€39k€31k▼
Tangible fixed assets22/27€39k€25k▼
Furniture and vehicles24€39k€25k▼
Financial fixed assets28-€6k
Current assets29/58€120k€151k▲
Amounts receivable within one year40/41€50k€50k▼
Trade receivables40€44k€25k▼
Other amounts receivable41€7k€25k▲
Cash at bank and in hand54/58€67k€98k▲
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€158k€182k▲
Equity10/15€135k€116k▼
Contributions10/11€1k€1k=
Profit (loss) carried forward14€134k€115k▼
Amounts payable17/49€24k€66k▲
Amounts payable within one year42/48€24k€66k▲
Trade debts44€577€4k▲
Suppliers440/4€577€4k▲
Taxes, remuneration and social security45€23k€62k▲
Taxes450/3€17k€53k▲
Remuneration and social security454/9€6k€9k▲
Other amounts payable47/48€52€52=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€14k▲
Other operating charges640/8€3k€2k▼
Gross operating margin9900€33k€-1k▼
Operating profit (loss)9901€17k€-17k▼
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€2k€2k▲
Recurring financial charges65€2k€2k▲
Profit (loss) for the period before taxes9903€16k€-19k▼
Income taxes67/77€4k€187▼
Profit (loss) for the period9904€12k€-19k▼
Profit (loss) for the period to be appropriated9905€12k€-19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€134k€115k▼
Profit (loss) brought forward from the previous period14P€122k€134k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €9k | €12k | €14k | ▲ 9.5% |
| Other operating charges640/8 | €583 | €1k | €3k | €2k | ▼ 37.6% |
| Gross operating margin9900 | €93k | €76k | €33k | €-1k | ▼ 103% |
| Operating profit (loss)9901 | €88k | €66k | €17k | €-17k | ▼ 196% |
| Financial income75/76B | - | - | - | €0 | - |
| Recurring financial income75 | - | - | - | €0 | - |
| Financial charges65/66B | €131 | €1k | €2k | €2k | ▲ 11.5% |
| Recurring financial charges65 | €131 | €1k | €2k | €2k | ▲ 11.5% |
| Profit (loss) for the period before taxes9903 | €88k | €64k | €16k | €-19k | ▼ 218% |
| Income taxes67/77 | €18k | €13k | €4k | €187 | ▼ 95.0% |
| Profit (loss) for the period9904 | €70k | €51k | €12k | €-19k | ▼ 256% |
| Profit (loss) for the period to be appropriated9905 | €70k | €51k | €12k | €-19k | ▼ 256% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €98k | €180k | €158k | €182k | ▲ 15.0% |
| Fixed assets21/28 | €38k | €33k | €39k | €31k | ▼ 19.9% |
| Tangible fixed assets22/27 | €38k | €33k | €39k | €25k | ▼ 35.4% |
| Furniture and vehicles24 | €38k | €33k | €39k | €25k | ▼ 35.4% |
| Financial fixed assets28 | - | - | - | €6k | - |
| Current assets29/58 | €60k | €147k | €120k | €151k | ▲ 26.3% |
| Amounts receivable within one year40/41 | €1k | €97k | €50k | €50k | ▼ 0.5% |
| Trade receivables40 | €500 | €97k | €44k | €25k | ▼ 42.4% |
| Other amounts receivable41 | €547 | - | €7k | €25k | ▲ 263% |
| Cash at bank and in hand54/58 | €58k | €48k | €67k | €98k | ▲ 46.2% |
| Deferred charges and accrued income490/1 | €1k | €2k | €2k | €3k | ▲ 31.3% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €98k | €180k | €158k | €182k | ▲ 15.0% |
| Equity10/15 | €71k | €123k | €135k | €116k | ▼ 14.0% |
| Contributions10/11 | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €70k | €122k | €134k | €115k | ▼ 14.1% |
| Amounts payable17/49 | €27k | €57k | €24k | €66k | ▲ 181% |
| Amounts payable within one year42/48 | €27k | €57k | €24k | €66k | ▲ 181% |
| Trade debts44 | €838 | €428 | €577 | €4k | ▲ 605% |
| Suppliers440/4 | €838 | €428 | €577 | €4k | ▲ 605% |
| Taxes, remuneration and social security45 | €25k | €46k | €23k | €62k | ▲ 171% |
| Taxes450/3 | €18k | €32k | €17k | €53k | ▲ 214% |
| Remuneration and social security454/9 | €8k | €14k | €6k | €9k | ▲ 47.5% |
| Other amounts payable47/48 | €794 | €10k | €52 | €52 | = |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €70k | €51k | €12k | €-19k | ▼ 256% |
| + Depreciation and write-downs630 | €4k | €9k | €12k | €14k | ▲ 9.5% |
| Operating cash flow (approximation) | €74k | €60k | €25k | €-5k | ▼ 121% |
| Investment in fixed assets (approximation) | - | €-4k | €-18k | €-6k | ▲ 67.1% |
| Change in cash | - | €-10k | €19k | €31k | ▲ 62.6% |
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
2026
07-09
State Gazette act
Registered officeRegistered-office move · Director in office2 facts ▸
State Gazette act
Registered office
Registered-office move · Director in office2 facts ▸
- Registered-office move, Rue Marc Brison 31A à 1300 Wavre
- Director in office, NICOLAl lonut David (director)
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €-19k
Net result drops to €-19k, the lowest in the series.
15-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 46 days late
2023
26-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 87 days late
2022
31-12
Financial
Equity above €100kEq €123k ▲71.7%
2 profitable years in a row build equity to €123k.
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 5 acts read
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Wavre · 1 establishment unit since 2020
Ground area
1,878 m²
Building footprint
255 m²
Volume, LiDAR
2,212 m³
2 parcels, Brussels, Wallonia · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
CE & SONS
since 20202.305.573.501
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25055C0277/00X000 | Wallonia | 1,516 m² | 1 · 144 m² | 9.8 m · 3 fl. |
| 21526D0067/02D005 | Brussels | 361 m² | 1 · 111 m² | 11.8 m · 3 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 15,529 companies in sector 43990 we hold annual accounts for 7,420. 6,202 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
Founded02-07-2020
Fiscal year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
Scores and ratios are computed by Checked and are not a credit decision.