Cécile Projects
ActiveSummary
Cécile Projects has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €60k and a net result of €30k. Equity is growing by ~59.8% per year across the filed fiscal years. Its solvency ranks better than 24% of 11615 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability84▲+12
Solvency50▲+11
Growth78▲+26
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.72 in 2023; short-term debt: 22.7% and cash: 7.1% of total assets), and 75.3% 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.
−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 dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% 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 2024Solvency, return and age of the figures
Solvency
24.7%
Return on assets
12.4%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 24% of 11615 sector peers (2024).
NBB · sector comparisonPosition among 11615 sector peers
Solvency
better than 24%
← weakest
strongest →
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 26-06-2025, 35 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
not confirmed
2024
35 d early
2023
14 d early
2022
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€60k▲ 99.9%
2023 · €30k
2022: €24klowest in 3 years
2023: €30k▲ +24.4% vs 2022
2024: €60k▲ +99.9% vs 2023highest in 3 years
2022 → 2024
Total assets
€243k▲ 14.5%
2023 · €212k
2022: €35klowest in 3 years
2023: €212k▲ +513% vs 2022
2024: €243k▲ +14.5% vs 2023highest in 3 years
2022 → 2024
Net result
€30k▲ 400%
2023 · €6k
2022: €21k
2023: €6k▼ -71.5% vs 2022lowest in 3 years
2024: €30k▲ +400% vs 2023highest in 3 years
2022 → 2024
Working capital
€-24k▼ 171%
2023 · €-9k
2022: €21khighest in 3 years
2023: €-9k▼ -142% vs 2022
2024: €-24k▼ -171% vs 2023lowest in 3 years
2022 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202220232024Trend
Equity€24k-€30k▲ 24.4%€60k▲ 99.9%
2022: €24klowest in 3 years
2023: €30k▲ +24.4% vs 2022
2024: €60k▲ +99.9% vs 2023highest in 3 years
Operating result€27k-€7k▼ 73.2%€43k▲ 500%
2022: €27k
2023: €7k▼ -73.2% vs 2022lowest in 3 years
2024: €43k▲ +500% vs 2023highest in 3 years
Net result€21k-€6k▼ 71.5%€30k▲ 400%
2022: €21k
2023: €6k▼ -71.5% vs 2022lowest in 3 years
2024: €30k▲ +400% vs 2023highest in 3 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 500% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €243k
Fixed assets
€212k ▲ 11.6%
Current assets
€31k ▲ 39.4%
Equity and liabilities €243k
Equity
€60k ▲ 99.9%
Debt
€183k ▲ 0.4%
Debt's share of the balance-sheet total falls from 85.8% to 75.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€48k▲
2023 · €11k
Cash flow
€35k▲
2023 · €10k
Current ratio
0.57▼
2023 · 0.72
Debt to equity
3.04▼
2023 · 6.06
ROE
50.2%▲
2023 · 20.1%
ROA
12.4%▲
2023 · 2.8%
Interest coverage
9.67▲
2023 · 9.38
Debt ≤ 1 year
€55k▲
2023 · €31k
Debt > 1 year
€128k▼
2023 · €151k
Income taxes
€8k▲
2023 · €0
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 · 42 lines
Balance sheet
Code20232024
Assets
Total assets20/58€212k€243k▲
Formation expenses20€0-
Fixed assets21/28€190k€212k▲
Tangible fixed assets22/27€18k€40k▲
Land and buildings22-€26k
Furniture and vehicles24€18k€14k▼
Financial fixed assets28€172k€172k=
Current assets29/58€22k€31k▲
Amounts receivable within one year40/41€8k€14k▲
Trade receivables40€8k€10k▲
Other amounts receivable41€23€3k▲
Cash at bank and in hand54/58€14k€17k▲
Deferred charges and accrued income490/1€126€551▲
Equity and liabilities
Total equity and liabilities10/49€212k€243k▲
Equity10/15€30k€60k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€27k€57k▲
Amounts payable17/49€182k€183k▲
Amounts payable after more than one year17€151k€128k▼
Financial debts170/4€151k€128k▼
Amounts payable within one year42/48€31k€55k▲
Current portion of amounts payable after more than one year42€22k€21k▼
Trade debts44€1k€20k▲
Suppliers440/4€1k€20k▲
Taxes, remuneration and social security45€3k€10k▲
Taxes450/3€974€10k▲
Remuneration and social security454/9€2k€0▼
Other amounts payable47/48€5k€4k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€3k€822▼
Gross operating margin9900€14k€48k▲
Operating profit (loss)9901€7k€43k▲
Financial income75/76B€0€0▼
Recurring financial income75€0€0▼
Financial charges65/66B€1k€5k▲
Recurring financial charges65€1k€5k▲
Profit (loss) for the period before taxes9903€6k€38k▲
Income taxes67/77€0€8k▲
Profit (loss) for the period9904€6k€30k▲
Profit (loss) for the period to be appropriated9905€6k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€57k▲
Profit (loss) brought forward from the previous period14P€21k€27k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €947 | €4k | €4k | ▲ 27.1% |
| Other operating charges640/8 | €2k | €3k | €822 | ▼ 72.2% |
| Gross operating margin9900 | €29k | €14k | €48k | ▲ 255% |
| Operating profit (loss)9901 | €27k | €7k | €43k | ▲ 500% |
| Financial income75/76B | - | €0 | €0 | ▼ 100% |
| Recurring financial income75 | - | €0 | €0 | ▼ 100% |
| Financial charges65/66B | €53 | €1k | €5k | ▲ 332% |
| Recurring financial charges65 | €53 | €1k | €5k | ▲ 332% |
| Profit (loss) for the period before taxes9903 | €27k | €6k | €38k | ▲ 532% |
| Income taxes67/77 | €6k | €0 | €8k | - |
| Profit (loss) for the period9904 | €21k | €6k | €30k | ▲ 400% |
| Profit (loss) for the period to be appropriated9905 | €21k | €6k | €30k | ▲ 400% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €35k | €212k | €243k | ▲ 14.5% |
| Formation expenses20 | €474 | €0 | - | - |
| Fixed assets21/28 | €3k | €190k | €212k | ▲ 11.6% |
| Tangible fixed assets22/27 | €3k | €18k | €40k | ▲ 123% |
| Land and buildings22 | - | - | €26k | - |
| Furniture and vehicles24 | €3k | €18k | €14k | ▼ 23.7% |
| Financial fixed assets28 | - | €172k | €172k | = |
| Current assets29/58 | €31k | €22k | €31k | ▲ 39.4% |
| Amounts receivable within one year40/41 | €10k | €8k | €14k | ▲ 59.5% |
| Trade receivables40 | €5k | €8k | €10k | ▲ 22.8% |
| Other amounts receivable41 | €6k | €23 | €3k | ▲ 13,460% |
| Cash at bank and in hand54/58 | €20k | €14k | €17k | ▲ 24.3% |
| Deferred charges and accrued income490/1 | €587 | €126 | €551 | ▲ 339% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €35k | €212k | €243k | ▲ 14.5% |
| Equity10/15 | €24k | €30k | €60k | ▲ 99.9% |
| Contributions10/11 | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €21k | €27k | €57k | ▲ 111% |
| Amounts payable17/49 | €10k | €182k | €183k | ▲ 0.4% |
| Amounts payable after more than one year17 | - | €151k | €128k | ▼ 15.3% |
| Financial debts170/4 | - | €151k | €128k | ▼ 15.3% |
| Amounts payable within one year42/48 | €10k | €31k | €55k | ▲ 76.5% |
| Current portion of amounts payable after more than one year42 | - | €22k | €21k | ▼ 4.1% |
| Trade debts44 | €3k | €1k | €20k | ▲ 1,366% |
| Suppliers440/4 | €3k | €1k | €20k | ▲ 1,366% |
| Taxes, remuneration and social security45 | €8k | €3k | €10k | ▲ 286% |
| Taxes450/3 | €8k | €974 | €10k | ▲ 933% |
| Remuneration and social security454/9 | - | €2k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €5k | €4k | ▼ 19.5% |
| Line | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €21k | €6k | €30k | ▲ 400% |
| + Depreciation and write-downs630 | €947 | €4k | €4k | ▲ 27.1% |
| Operating cash flow (approximation) | €22k | €10k | €35k | ▲ 263% |
| Investment in fixed assets (approximation) | - | €-191k | €-26k | ▲ 86.1% |
| Change in cash | - | €-7k | €3k | ▲ 151% |
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
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2022net €30k ▲400%
Operating result €43k, net result €30k, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €6k ▼71.5%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Gent · 1 establishment unit since 2022
Ground area
164 m²
Building footprint
80 m²
Volume, LiDAR
592 m³
Parcel 44808H0164/00Z003, Flanders · tallest building 13.3 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Cécile Projects
since 20222.332.321.448
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44808H0164/00Z003 | Flanders | 164 m² | 1 · 80 m² | 13.3 m · 3 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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Of 18,255 companies in sector 71111 we hold annual accounts for 6,323. 5,420 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
Founded02-06-2022
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
Contact
E-mail
e.christiaens.arch@gmail.comGent
Scores and ratios are computed by Checked and are not a credit decision.