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CECI

Active
Private limited companyfounded 20197 yrs activeMissiehuislei (Heide) 25, 2920 Kalmthout, BelgiumKBO/BCE: BE 0721.578.545
Summary

CECI has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€13,249) and a net result of €1,228. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 648 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).

Overview

What they do
Graphic design and visual communication
NACE 74120
1 site
How big
€4,638total assets 2025
Equity
-€13,249
Profit
€1,228
Turnover not published (abridged schema)
Financially healthy?
59 Fair Checked score 2025
Bankruptcy chance 12 m
0.9%
Who decides
Accounts 7 d early0 of 2 deeds read
Why 59- Limited track record- Annual accounts: weaker financial profile- Weak solvency vs sector+ Lower-failure-rate sectorLatest accounts filed on timeShow the evidence

Checked score

Score 2025
Axes · tick = 2024
Profitability100▲+96
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+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 date
Age against the risk zone
highest failure risk from 2 to 8 years 7 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer 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 2025
Age of the figures
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 648 sector peers (2025).
NBB · sector comparison
Position among 648 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
7 d early
2024
7 d early
2023
5 d early
2022
49 d early
2021
33 d early
2020
2 d early
2019
31 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 10 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 24 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
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
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Back to profitnet €1,228
  3. Annual accounts filedfiscal year 2024 · abbreviated…

Financials

Fiscal year 2025Total assets €4,638Profit €1,228Solvency -285.7%Liquidity 1.17
Total assets
€4,638▼ 47.1%
2019 - 2025
Net result
€1,228
2019 - 2025
Equity
-€13,249▲ 8.5%
2019 - 2025
Solvency
-285.7%▼ 120.6pp
2019 - 2025

Financials · fiscal year 2025, abbreviated schema

Trend over the years7 fiscal years
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.

Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€16,228▼ 231%-€2,777▲ 82.9%-€3,453▼ 24.3%-€867▲ 74.9%€1,378
Net result-€16,399below the sector's middle half▼ 222%-€3,032below the sector's middle half▲ 81.5%-€3,613below the sector's middle half▼ 19.2%-€1,005within the sector's middle half▲ 72.2%€1,228within the sector's middle half
Equity-€6,827below the sector's middle half-€9,859below the sector's middle half▼ 44.4%-€13,472below the sector's middle half▼ 36.6%-€14,477below the sector's middle half▼ 7.5%-€13,249below the sector's middle half▲ 8.5%
Total assets€7,169below the sector's middle half▼ 57.7%€4,560below the sector's middle half▼ 36.4%€1,304below the sector's middle half▼ 71.4%€8,768below the sector's middle half▲ 572%€4,638below the sector's middle half▼ 47.1%
Debt€13,996▲ 89.3%€14,419▲ 3.0%€14,776▲ 2.5%€23,245▲ 57.3%€17,886▼ 23.1%
Working capital€4,061within the sector's middle half€1,248within the sector's middle half▼ 69.3%€5,416within the sector's middle half▲ 334%€165within the sector's middle half▼ 96.9%
Solvency-95.2%below the sector's middle half▼ 151.6pp-165.1%below the sector's middle half
Current ratio2.97within the sector's middle half
Return on assets (ROA)-228.7%below the sector's middle half▼ 198.7pp-11.5%below the sector's middle half
above within below the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result and balance sheet2025
Result per fiscal year
Operating resultNet result
-€20,000-€15,000-€10,000-€5,000€0Operating result 2021: -€16,228-€16,228Net result 2021: -€16,399-€16,399Operating result 2022: -€2,777-€2,777Net result 2022: -€3,032-€3,032Operating result 2023: -€3,453-€3,453Net result 2023: -€3,613-€3,613Operating result 2024: -€867-€867Net result 2024: -€1,005-€1,005Operating result 2025: €1,378€1,378Net result 2025: €1,228€1,22820212022202320242025-€4,000-€2,000€0€2,000Operating result 2023: -€3,453-€3,450Net result 2023: -€3,613-€3,610Operating result 2024: -€867-€867Net result 2024: -€1,005-€1,000Operating result 2025: €1,378€1,380Net result 2025: €1,228€1,230202320242025
The operating result returns to profit in 2025: €1,378 after a loss of €867 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4,638
Fixed assets €3,480 ▲ 472%
Current assets €1,157 ▼ 85.8%
Equity and liabilities
Equity-€13,249
Debt€17,886
Equity is negative: debt (€17,886) exceeds the balance-sheet total (€4,638).
Key figures and ratios2025
Key figures and ratios
2025 value · change against 2024
EBITDA
€1,673▲
2024 · -€791
Cash flow
€1,522▲
2024 · -€929
Interest coverage
11.12▲
2024 · -5.73
Debt ≤ 1 year
€992▼
2024 · €2,744
Debt > 1 year
€16,894▲
2024 · €16,000
Ratios withheld: a balance sheet total of €4,638 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,180 companies that looked in July 2024 the way this one looks now, 4.8% went bankrupt within 24 months and 89% are still going.

  • Micro
  • 5 to 10 years old
  • negative equity
  • a profit of 5% of the balance sheet or more
4.8% went bankrupt
5.8% stopped otherwise
89% still going

A further 0.5% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower 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 497,341 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% 1.8%
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 2,180 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.

Filed annual accountsfiscal year 2025
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 35 lines
Balance sheet Code20242025
Assets
Total assets20/58€8,768€4,638▼
Fixed assets21/28€608€3,480▲
Tangible fixed assets22/27€608€3,480▲
Furniture and vehicles24€608€3,480▲
Current assets29/58€8,160€1,157▼
Amounts receivable within one year40/41€1,119€499▼
Trade receivables40€182-
Other amounts receivable41€937€499▼
Cash at bank and in hand54/58€7,019€606▼
Deferred charges and accrued income490/1€23€52▲
Equity and liabilities
Total equity and liabilities10/49€8,768€4,638▼
Equity10/15-€14,477-€13,249▲
Contributions10/11€30,000€30,000=
Profit (loss) carried forward14-€44,477-€43,249▲
Amounts payable17/49€23,245€17,886▼
Amounts payable after more than one year17€16,000€16,894▲
Other amounts payable178/9€16,000€16,894▲
Amounts payable within one year42/48€2,744€992▼
Trade debts44€2,744€992▼
Suppliers440/4€2,744€992▼
Accrued charges and deferred income492/3€4,500-
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€76€294▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€7,029-
Other operating charges640/8€505€520▲
Gross operating margin9900-€7,315€2,192▲
Operating profit (loss)9901-€867€1,378▲
Financial income75/76B-€0
Recurring financial income75-€0
Financial charges65/66B€138€150▲
Recurring financial charges65€138€150▲
Profit (loss) for the period before taxes9903-€1,005€1,228▲
Profit (loss) for the period9904-€1,005€1,228▲
Profit (loss) for the period to be appropriated9905-€1,005€1,228▲
Appropriation of the result
Profit (loss) to be appropriated9906-€44,477-€43,249▲
Profit (loss) brought forward from the previous period14P-€43,472-€44,477▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630---€76€294▲ 287%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€11,713-€5,072€388-€7,029--
Other operating charges640/8€449€450€544€505€520▲ 2.8%
Gross operating margin9900-€4,067-€7,399-€2,521-€7,315€2,192▲ 130%
Operating profit (loss)9901-€16,228-€2,777-€3,453-€867€1,378▲ 259%
Financial income75/76B€6€20--€0-
Recurring financial income75€6€20--€0-
Financial charges65/66B€176€276€160€138€150▲ 9.0%
Recurring financial charges65€176€276€160€138€150▲ 9.0%
Profit (loss) for the period before taxes9903-€16,399-€3,032-€3,613-€1,005€1,228▲ 222%
Profit (loss) for the period9904-€16,399-€3,032-€3,613-€1,005€1,228▲ 222%
Profit (loss) for the period to be appropriated9905-€16,399-€3,032-€3,613-€1,005€1,228▲ 222%
Line20212022202320242025Change
Assets
Total assets20/58€7,169€4,560€1,304€8,768€4,638▼ 47.1%
Fixed assets21/28---€608€3,480▲ 472%
Tangible fixed assets22/27---€608€3,480▲ 472%
Furniture and vehicles24---€608€3,480▲ 472%
Current assets29/58€7,169€4,560€1,304€8,160€1,157▼ 85.8%
Stocks and contracts in progress3€5,260€738€350---
Stocks30/36€5,260€738€350---
Amounts receivable within one year40/41€367€199€694€1,119€499▼ 55.4%
Trade receivables40€8--€182--
Other amounts receivable41€359€199€694€937€499▼ 46.7%
Cash at bank and in hand54/58€1,495€3,624€238€7,019€606▼ 91.4%
Deferred charges and accrued income490/1€47-€22€23€52▲ 132%
Equity and liabilities
Total equity and liabilities10/49€7,169€4,560€1,304€8,768€4,638▼ 47.1%
Equity10/15-€6,827-€9,859-€13,472-€14,477-€13,249▲ 8.5%
Contributions10/11€30,000€30,000€30,000€30,000€30,000=
Profit (loss) carried forward14-€36,827-€39,859-€43,472-€44,477-€43,249▲ 2.8%
Amounts payable17/49€13,996€14,419€14,776€23,245€17,886▼ 23.1%
Amounts payable after more than one year17€13,988€13,919€14,719€16,000€16,894▲ 5.6%
Other amounts payable178/9€13,988€13,919€14,719€16,000€16,894▲ 5.6%
Amounts payable within one year42/48-€500€56€2,744€992▼ 63.9%
Trade debts44-€500€56€2,744€992▼ 63.9%
Suppliers440/4-€500€56€2,744€992▼ 63.9%
Accrued charges and deferred income492/3€7--€4,500--
Line20212022202320242025Change
Profit (loss) for the period9904-€16,399-€3,032-€3,613-€1,005€1,228▲ 222%
+ Depreciation and write-downs630---€76€294▲ 287%
Operating cash flow (approximation)-€16,399-€3,032-€3,613-€929€1,522▲ 264%
Investment in fixed assets (approximation)-----€3,166-
Change in cash-€2,128-€3,385€6,780-€6,413▼ 195%

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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Comparable companies5

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 6,307 companies in this sector we hold annual accounts for 1,010. See the whole sector

Timeline

10 eventsLatest 24-07-2026Next filing 31-07-2027

History

On 26 February 2019, CECI was incorporated.1 Total assets went from €19,467 in 2019 to €4,638 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2019 and 2025

Acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-07
NBB filing Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial Back to profitnet €1,228
Net result €1,228 after 6 loss-making years.
24-07
NBB filing Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
26-07
NBB filing Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial Liquidity triplescurrent ratio 23.15
Current ratio from 9.13 to 23.15; short-term debt falls from €500 to €56.
12-06
NBB filing Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-06
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial Weakest financial yearnet -€16,399
Net result drops to -€16,399, the lowest in the series; recovery starts the following year.
29-07
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-08
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
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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Company details

Private limited company · founded 26-02-2019Year ends 31-12Peppol reachable1 site

Register details

Identification
Legal formPrivate limited company
Founded26-02-2019
Fiscal year end31-12
Activities, NACEBEL 2025
74120Graphic design and visual communication
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID 0208:0721578545
Also 9925:BE0721578545
Registered 15-09-2025

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

Register as of 1 October 2026 · Peppol Directory

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

Sites & property

Location & real-estate footprint
Registered office, Kalmthout · 1 establishment unit since 2019
seat establishment The establishment unit on the map
Ground area
6,550 m²
Building footprint
315 m²
Volume, LiDAR
1,738 m³
Parcel 11662E0609/00Z000, Flanders · tallest building 12.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
CECI
Missiehuislei (Heide) 25, 2920 KalmthoutBusiness and other management consultancy
since 2019unit no. 2.286.511.912
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11662E0609/00Z000 Flanders 6,550 m² 1 · 315 m² 12.0 m · 2 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.

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