CE+T SERVICES
ActiveSummary
CE+T SERVICES has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €761,296 and a net result of €91,102. Equity is growing by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 64% of 5998 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability77▲+3
Solvency79▲+8
Growth52=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 2.47 against 2.01 in 2023; short-term debt: 38.2% and cash: 13.7% of total assets), and 45.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
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 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% 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
54.4%
Return on assets
6.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-06-2025, 43 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
43 d early
2023
51 d early
2022
53 d early
2021
6 d early
2020
37 d early
2019
36 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 38 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
€505,846▼ 35.1%
2018 · €778,993
EBIT margin
-8.5%▼ 13.6pp
2018 · 5.1%
Net result
€91,102▲ 53.6%
2023 · €59,315
Working capital
€786,184▲ 10.4%
2023 · €711,990
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, 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
Turnover€505,846
Operating result-€43,133€37,605€90,824▲ 142%€132,697▲ 46.1%€157,857▲ 19.0%
Net result-€31,675below the sector's middle half€21,941within the sector's middle half€50,570within the sector's middle half▲ 130%€59,315within the sector's middle half▲ 17.3%€91,102within the sector's middle half▲ 53.6%
EBIT margin-8.5%
Equity€558,514within the sector's middle half▼ 5.4%€580,455within the sector's middle half▲ 3.9%€631,026within the sector's middle half▲ 8.7%€690,341within the sector's middle half▲ 9.4%€761,296within the sector's middle half▲ 10.3%
Total assets€686,248below the sector's middle half▼ 8.8%€1.8mwithin the sector's middle half▲ 156%€1.5mwithin the sector's middle half▼ 14.4%€1.5mwithin the sector's middle half▲ 0.3%€1.4mwithin the sector's middle half▼ 7.2%
Debt€127,734▼ 18.2%€1.2m▲ 819%€871,302▼ 25.8%€817,109▼ 6.2%€637,713▼ 22.0%
Working capital€619,950▼ 3.5%€648,263▲ 4.6%€655,386▲ 1.1%€711,990▲ 8.6%€786,184▲ 10.4%
Solvency81.4%above the sector's middle half▲ 3.0pp33.1%within the sector's middle half▼ 48.3pp42.0%within the sector's middle half▲ 8.9pp45.8%within the sector's middle half▲ 3.8pp54.4%within the sector's middle half▲ 8.6pp
Staff (FTE)3.1below the sector's middle half=8within the sector's middle half▲ 158%26.5within the sector's middle half▲ 231%23.7within the sector's middle half▼ 10.6%20.8within the sector's middle half▼ 12.2%
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 19% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
Fixed assets
€78,525 ▼ 10.2%
Current assets
€1.3m ▼ 7.0%
Equity and liabilities €1.4m
Equity
€761,296 ▲ 10.3%
Debt
€637,713 ▼ 22.0%
Debt's share of the balance-sheet total falls from 54.2% to 45.6%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€188,496▲
2023 · €160,463
Cash flow
€121,741▲
2023 · €87,080
Current ratio
2.47▲
2023 · 2.01
Quick ratio
2.07▲
2023 · 1.68
Debt to equity
0.84▼
2023 · 1.18
ROE
12.0%▲
2023 · 8.6%
ROA
6.5%▲
2023 · 3.9%
Interest coverage
15.49▲
2023 · 11.08
Debt ≤ 1 year
€534,300▼
2023 · €707,990
Income taxes
€54,582▼
2023 · €58,903
Staff costs
€1.6m▼
2023 · €1.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,058 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 20,082 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €505,846 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €624,034 | €1.7m | €1.7m | €1.6m | ▼ 3.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,956 | €643 | €11,065 | €27,766 | €30,639 | ▲ 10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €18,661 | -€1,926 | €33,403 | ▲ 1,835% |
| Other operating charges640/8 | - | €3,688 | €6,058 | €34,144 | €6,518 | ▼ 80.9% |
| Gross operating margin9900 | €219,819 | €665,970 | €1.9m | €1.9m | €1.9m | ▼ 1.5% |
| Operating profit (loss)9901 | -€43,133 | €37,605 | €90,824 | €132,697 | €157,857 | ▲ 19.0% |
| Financial income75/76B | - | €5,374 | €5 | - | - | - |
| Recurring financial income75 | €14,650 | €5,374 | €5 | - | - | - |
| Financial charges65/66B | - | €1,074 | €1,522 | €14,480 | €12,173 | ▼ 15.9% |
| Recurring financial charges65 | €1,041 | €1,074 | €1,522 | €14,480 | €12,173 | ▼ 15.9% |
| Profit (loss) for the period before taxes9903 | -€29,523 | €41,906 | €89,306 | €118,217 | €145,684 | ▲ 23.2% |
| Income taxes67/77 | €2,152 | €19,964 | €38,736 | €58,903 | €54,582 | ▼ 7.3% |
| Profit (loss) for the period9904 | -€31,675 | €21,941 | €50,570 | €59,315 | €91,102 | ▲ 53.6% |
| Profit (loss) for the period to be appropriated9905 | -€31,675 | €21,941 | €50,570 | €59,315 | €91,102 | ▲ 53.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €686,248 | €1.8m | €1.5m | €1.5m | €1.4m | ▼ 7.2% |
| Fixed assets21/28 | €2,172 | €18,404 | €95,767 | €87,470 | €78,525 | ▼ 10.2% |
| Intangible fixed assets21 | - | - | €57,232 | €48,751 | €34,542 | ▼ 29.1% |
| Tangible fixed assets22/27 | €1,286 | €17,518 | €37,648 | €37,834 | €43,097 | ▲ 13.9% |
| Plant, machinery and equipment23 | - | €643 | - | €6,760 | €23,796 | ▲ 252% |
| Furniture and vehicles24 | - | - | €37,648 | €31,073 | €19,301 | ▼ 37.9% |
| Assets under construction and advance payments27 | - | €16,875 | - | - | - | - |
| Financial fixed assets28 | €886 | €886 | €886 | €886 | €886 | = |
| Current assets29/58 | €684,075 | €1.7m | €1.4m | €1.4m | €1.3m | ▼ 7.0% |
| Stocks and contracts in progress3 | €9,223 | €375,039 | €172,337 | €233,122 | €214,596 | ▼ 7.9% |
| Stocks30/36 | - | €375,039 | €172,337 | €233,122 | €214,596 | ▼ 7.9% |
| Amounts receivable within one year40/41 | €620,664 | €639,313 | €776,847 | €811,789 | €909,599 | ▲ 12.0% |
| Trade receivables40 | - | €389,313 | €770,869 | €732,209 | €848,554 | ▲ 15.9% |
| Other amounts receivable41 | - | €250,000 | €5,977 | €79,580 | €61,044 | ▼ 23.3% |
| Cash at bank and in hand54/58 | €43,258 | €707,032 | €450,560 | €367,063 | €192,161 | ▼ 47.6% |
| Deferred charges and accrued income490/1 | - | €14,892 | €6,818 | €8,005 | €4,128 | ▼ 48.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €686,248 | €1.8m | €1.5m | €1.5m | €1.4m | ▼ 7.2% |
| Equity10/15 | €558,514 | €580,455 | €631,026 | €690,341 | €761,296 | ▲ 10.3% |
| Contributions10/11 | €66,931 | €66,931 | €66,931 | €66,931 | €66,931 | = |
| Capital10 | - | €66,931 | €66,931 | €66,931 | €66,931 | = |
| Issued capital100 | - | €66,931 | €66,931 | €66,931 | €66,931 | = |
| Reserves13 | €17,593 | €17,593 | €17,593 | €17,593 | €17,593 | = |
| Non-distributable reserves130/1 | - | €17,593 | €17,593 | €17,593 | €17,593 | = |
| Legal reserve130 | - | €6,693 | €6,693 | €6,693 | €6,693 | = |
| Reserves not available under the articles1311 | - | €10,900 | €10,900 | €10,900 | €10,900 | = |
| Profit (loss) carried forward14 | €473,989 | €495,931 | €546,501 | €605,816 | €676,772 | ▲ 11.7% |
| Amounts payable17/49 | €127,734 | €1.2m | €871,302 | €817,109 | €637,713 | ▼ 22.0% |
| Amounts payable within one year42/48 | €64,126 | €1.1m | €751,175 | €707,990 | €534,300 | ▼ 24.5% |
| Trade debts44 | €24,073 | €864,535 | €323,546 | €367,766 | €224,803 | ▼ 38.9% |
| Suppliers440/4 | - | €864,535 | €323,546 | €367,766 | €224,803 | ▼ 38.9% |
| Advances received on contracts in progress46 | - | - | - | €10,739 | - | - |
| Taxes, remuneration and social security45 | - | €223,479 | €427,325 | €329,485 | €288,786 | ▼ 12.4% |
| Taxes450/3 | - | €94,775 | €175,318 | €112,207 | €73,139 | ▼ 34.8% |
| Remuneration and social security454/9 | - | €128,703 | €252,008 | €217,277 | €215,647 | ▼ 0.8% |
| Other amounts payable47/48 | - | - | €304 | - | €20,711 | - |
| Accrued charges and deferred income492/3 | - | €86,212 | €120,127 | €109,120 | €103,413 | ▼ 5.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€31,675 | €21,941 | €50,570 | €59,315 | €91,102 | ▲ 53.6% |
| + Depreciation and write-downs630 | €5,956 | €643 | €11,065 | €27,766 | €30,639 | ▲ 10.3% |
| Operating cash flow (approximation) | -€25,719 | €22,585 | €61,636 | €87,080 | €121,741 | ▲ 39.8% |
| Investment in fixed assets (approximation) | - | -€16,875 | -€88,428 | -€19,469 | -€21,694 | ▼ 11.4% |
| Change in cash | - | €663,774 | -€256,472 | -€83,497 | -€174,902 | ▼ 109% |
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
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Highest result since 2018net €91,102 ▲53.6%
Operating result €157,857, net result €91,102, both a record.
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
08-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €21,941
Net result €21,941 after one loss-making year.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€31,675
Net result drops to -€31,675, the lowest in the series; recovery starts the following year.
25-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 21 days late
2016
24-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 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
8 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, Grimbergen · 1 establishment unit since 1994
Ground area
771 m²
Building footprint
599 m²
Volume, LiDAR
2,648 m³
2 parcels, Brussels, Flanders · tallest building 14.7 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ASSISTANCE INDUSTRIELLE
since 19942.065.555.711
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21001A0571/00D005 | Brussels | 527 m² | 1 · 527 m² | 14.7 m · 1 fl. |
| 23084A0514/00F002 | Flanders | 243 m² | 1 · 72 m² | 12.9 m |
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.
Structure & network
Owners and holdings
1 ownerChain of control
Highest known parent: C.P.D.H.. The sources do not say who stands above it.
Owners 1
- 100%
Holdings 0
The accounts to 31-12-2024 list no holdings, and no other source names one.
According to the 2024 annual accounts of CE+T SERVICES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 1,244 companies in sector 46643 we hold annual accounts for 953. 704 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded24-01-1994
Fiscal year end31-12
Abbreviation FR
G.A.I.
Activities, NACEBEL 2025
33200Installation of industrial machinery and equipment
46643Wholesale of electrical equipment, including installation materials
46649Wholesale of other machinery and equipment
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0451783735
Also
9925:BE0451783735
Registered
16-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.